Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
illodin
on 16/03/2015, 19:12:59 UTC
One of the most concerning things is the Darkcoin community isn't screaming bloody murder about how the Dashcoin deal went down.  You're all forever talking about how you'd have to buy such an enormous amount of masternodes to compromise the network.  Yet what Evan has done is set precedent saying it is ok to take over a coin by buying out the dev and taking over the repo.  This creates a MASSIVE centralization issue for Darkcoin.  What you are all saying is it is ok for a company or government entity to approach Evan (or his eventual successor) with big $$$, buy him out, take over github, and then they have all legal rights to the coin.  They don't have to spend a penny on the open market buying up coins, they don't have to find a vulnerability in the code, they don't have to buy 4000 masternodes.  They just have to find the main developer's price.

And make no mistake, EVERYONE has a price.

Scary.

If you guys don't understand this then it's just pure ignorance. I have no idea which way an actual legal battle will go but the fact you think you can take over a coin by just buying out the dev and all will be okay is mind boggling.

Define "take over a coin".

All Dashcoin holders still have their coins. They work just as good as they did two weeks ago. People are mining it. People are trading it. The source is open.

And in case of DRK DASH, the case is not so simple, because there is an official foundation, foundation board, and official dev team in place. Maybe a license or some other document should be made which states who owns what, and when is full vote needed and when only board decision is enough. Perhaps masternode owners could own 30%, foundation members 30%, foundation board owns 30%, and Evan 10%.