This site just lost it's credibility.
Agreed. Anybody who looks at the Dash block explorer can clearly see that no coins were premined. If you want to mark the coin as instamined, that's great, but it's clearly and provably not premined.
It's actually not provable from that because you can fake a blockchain easily enough (Bytecoin did it). But enough people were around for the launch for us to know that the blockchain is actually real and I agree it wasn't premined. It was instamined, which was all I ever said in my post on this thread.
Also
Was Darkcoin Instamined?
~2mn coins were issued in the first 48 hours due to problems with the difficulty readjustment. That represents approximately 10-15% of the total money supply that will ever be issued.
That is some sort of semi-official "FAQ" (which overstates the amount of time taken for the instamine, but that's another story)
Finally, from the actual official dash site:
When we relaunched we had a rush of miners join causing a huge spike of coin production without it being able to adjust the difficulty quick enough, we just ended up spilling out coins. Retargeting happened every 576 blocks and could only increase the difficulty by four times, so it took about six retargets to get to a difficulty that was near 2.5 minutes per block.
Later on, after the difficulty evened out we realized that there was a serious problem with the block reward calculation. You can see people discussing the problems here:
https://bitcointalk.org/index.php?topic=421615.120I soon fixed this issue at block 4500, but none of us realized the amount of coins that had been issued at the time. At that point we didnt even have a block explorer yet.
There is no question that dash was instamined. Even supporters of the coin have given up denying it and instead claim it doesn't matter. We could argue that, but here is not the place to do so. Either way, it is 100% accurate to display it a such.