Quote from: innocent93 on April 28, 2015, 01:29:45 PM

Quote from: Gliss on April 28, 2015, 11:28:14 AM

Given the debate here, it's probably best to take the significantly premined mark off of Dash until we can figure out a more appropriate solution. I agree that instamine is not the same as premine.

I see a few options here:
1) Change label to "Significantly mined around launch" or something among those lines
2) Make an instamine label
3) Not care about tracking instamine

I'm preferring #3 because "instamine" is not a well defined term and can be applied subjectively.

I think (2) is the best option because that can be objective. PoS coins that had a period of PoW should also be flagged with this. I think the definition should be based on what we collectively recognize as fastmine or ninjamine or instamine or fastmine. We can take some thoughts from the article written by whoisthelorax here. He defines it as "Obvious and proveable scammish behavior such as self evident instant mines, super quick block halving, unannounced premining activity, or premines that represent unusual amount of coins. Most statistics tend towards unfair early adopter benefit. Very little benefits long term, fair usage."

With DRK I think it is easy to to see that it represents an unusual amount of coins and that the "block halving" was super quick. The block reward went from nearly 500 coins for the first day and a half, and then it was less than 50 coins, and now 16 months later the block reward is less than 5 coins. I have made my own analysis of the first 4500 blocks to show what I mean.

For the first hour of Darkcoin mining there were 67500 DRK mined. If you only started mining on day 2 after block 4500 you would have to mine for 136 hours for there to be the same DRK created. That is nearly 6 days. If you are mining today it would take you 23 and half days for the same DRK to be created.

For the second hour there were 514040 DRK mined. If you only started mining on day 2 after block 4500 you would have to mine for 292 hours for there to be the same DRK created. That is more than 12 days. If you are mining today it would take you 178 days for the same DRK to be created.

For a cryptocurrency to be fairly launched it cannot have the same amount created in one hour that will be created in 6 months a year later. This is not good and must be marked so that those who visit CMC know!

My thoughts:

Instamine is entirely subjective - what emission curve constitutes the "insta" aka how do you define "instant" because that means literally "in one moment"? do you include coins that ever changed block reward - manually or by fast algos? community knowledge / involvement / voting? Mistake by dev or premeditated? Dev "instamined" 95% personally or his cat jumped on the keyboard and killed his miner and he got 0.1% and who else got what? Positions of the stars and planets at the moment of launch?

Premine is entirely objective - pre-mine has a clear *literal* definition: coins solo-mined by the dev before the launch date, easy to *prove* by anyone with a BCT link and blockexplorer.

And the *reason* for marking coins as such is to warn investors of a potential *distribution problem* - which can be for a 1000 reasons throughout the coin's life and is often impossible to know objectively, and requires a hell of a lot of on-going work by CMC to get right - and why? So Monero can get definitions changed that have been working fine for CMC & it's users, to be more inline with their agenda?

Thanks Gliss, I uses CMC everyday because I trust your data and it's well presented / easy to use, not someone's subjective opinion on what is good or not - thanks for keeping your impartiality.