Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
fluffypony
on 22/04/2015, 14:05:57 UTC
Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.

Monero coins have been and are being minted by criminals using unaware people's computers and electricity without their consent, and the people buying those coins off the criminals are happily receiving stolen property while riding their high horse of crypto morality.

Nonsense - we invented Smart Mining to address both mining centralisation AND the risk of botnets. We're not ignoring the risk, and anyone who says otherwise is delusional. Bitcoin, Dogecoin, and Litecoin have all had major botnet mining problems, I don't think any cryptocurrency can pretend it's not at risk. The difference is that we're actually doing something about it instead of pretending it doesn't exist:)

Additionally, there is a marked difference between the unavoidable occurrence of a criminal enterprise unrelated to us exploiting others for their personal gain (and dumping their illicitly mined coins on the open market) vs. a scammer who mined 15% of the total currency with his buddies within a few hours of launch. We have no evidence that those coins are on the open market at all, despite any claims to the contrary ("Evan said so" is not evidence).