Post
Topic
Board Altcoin Discussion
Re: DASH was scam instamined???!!!!
by
nachoig
on 29/03/2015, 03:07:44 UTC
Hey, I'm a cryptocurrency "investor" if you call it that. I was looking for coins to buy in. I already chose Monero and Bitcoindark, then I came across DASH and thought why not. Then I searched more and found out DASH HAD A INSTAMINE??? WTF! Does anyone have more info? I came across 6 threads talking about the instamine, how bad was it? I dont want biased replies from DASH bagholders either.

Is it true? Was 2million fucking DASH coins, 50% of the damn supply mined in the first 48 hours??!! I want fucking answers, finding this out was like getting punched in the gut. If this coin got instamined at its release, fuck this shit!

Here's the long account: https://bitcointalk.org/index.php?topic=999886.0

Here's the short: Dev starts before he said he would, mines 500K first hour (1.5 mill in first 8 hours), and then tells everyone it was a bug, but never relaunches the coin, but does rename it twice (x, dark, dash).

OK I GOT IT FULLY NOW. like a idiot i bought INTO THIS PIECE OF SCAM DOODOO SHIT at .024 btc. why the hell is this scam even allowed? WTF, there should be a fucking warning message before exchanges allow you to buy this doodoo scam coin. this is freaking insane, where the hell is the police for this shit, it cant be legal.



I'd put a red flag into someone creating an account on BitcoinTalk just to ask this.

Anyway, instamines or unfair practices in cryptocurrencies per si are not illegal. And you call the police from what country? What they should do? Shutdown the network? Of course, they are questionable, specially on cases when you decide lately to change the mining reward schemes. The code is open and anyone can modify it, including the mining reward. These changes requires consensus to work. So, even this being a scam, it's not just the lead developer who is scamming. It's a scam built by consensus.