Post
Topic
Board Altcoin Discussion
Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission?
by
Prosperityforall
on 02/05/2015, 02:05:00 UTC
So far, coins101 has pointed out that Thankful-for-Today released monero as a fork from Bytecoin, with Bytecoin having the unoptimized miner and that being transferred onto Monero. He also pointed out that the current monero dev team did not launch Monero and was unaware of any unoptimizations. Also that the unoptimized miner may have actually been an accident and almost irrelevant, as there's no evidence at all of the Thankful-for-Today character using it to any advantage via the hashrate performance seen at the time. Then he pointed out that the biggest miners at the time of this short unoptimized miner period, made a article and sold all the coins that they mined, negating the effects of the miner and solidiyfing excellent distribution in Monero. **Not to mention that all cryptocurrencies go through "unoptimized miner" periods, as users with the skill and knowhow will always be able to create optmized versions of public equipment for themselves, as shown in Bitcoin and everything else in life**

While Dash's/Darkcoin's past, current, and future developer had a 2million instamine where only he could mine for a period of time on a restricted linux-only release to likely make sure the amount of coins instamined were as high as possible(Since he also started mining Dash/Darkcoin before it's intended release date), where the block reward and max coin supply was sliced and diced to make the instamined coins worth more. And even then, a year after, there's still a wallet with inputs connected to the instamine, that owns 11% of all Dash/Darkcoins in existence.

Thanks coins101(Added in some of the parts you forgot to mention in all your previous posts).