Post
Topic
Board Altcoin Discussion
Merits 4 from 1 user
Topic OP
Dash's Instamined/Partly Premined Beginnings
by
Prosperityforall
on 01/05/2015, 00:31:46 UTC
⭐ Merited by bitmover (4)
So I'm just trying to get things organized, others can input as well. Here's what I plainly gathered so far.

1) Dash's developer, Evan Duffield, released Dash before it's intended release date(Which means the instamine could also be partly counted as a premine)

2) Dash was only able to be mined on Linux, which was likely intended so that less people would be able to mine the coin, because over 90% of all computers use the Windows operating system

2) Dash's block reward started off with 500 coins per block, before it was abruptly cut 2 days later after 2million coins were instamined

3) Dash's block reward was finally cut after the 2million coins were instamined

4) Evan Duffield was able to temporarily mine Dash by himself for a while when the public miner wasn't working

5) Evan Duffield make an obscure poll where the majority of the votes(High likelihood of being his sockpuppet accounts) voted to reduce the Dash max coin supply from 80million to 20million, instantly making the instamined Dash worth much more

6) The max coin supply is reduced more than 3 fold from 80million to 20million

**I also found this gem, there's still a wallet connected to the Dash instamine that currently owns 11% of all Dash in existence https://chainz.cryptoid.info/dash/wallet.dws?559582.htm**


**To those that don't know, Dash's previous name was Darkcoin, and it's name before that or original name was, Xcoin, so yes it went through 2 dictator-style name changes**