Post
Topic
Board Altcoin Discussion
Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission?
by
generalizethis
on 08/05/2015, 18:16:53 UTC


Sockpuppet account not only fudder but racist too.

Really nice  Kiss

racist? Just because comical Ali here (the guy who was explaining there were no Americans in Iraq when they were practically shooting him in the back) has a brownish colour I am racist? Nice arguments, yet again...

And FUD??? Djeezes dude, accept the graph and thus the facts, there obviously was an insta/pre/whatevermine... Ah well, why even bother, go ahead and buy/mine the damn coin...

I'm just surprised he didn't accuse you of being Smooth. The exchange of 757 coins as proof that the coin was fairly redistributed is a nice touch. He had to have pulled at least 9-Gs with that spin. Maybe he can get a job as a Fast and Furious stuntman after dash implodes.  Roll Eyes

Dash is a high risk investment like any altcoin.  However, if it implodes, it won't be because of the launch difficulties.

If it were launch difficulties, I would agree. But mining 575,000 coins in an hour, over 1,500,000 in less 8 hours, isn't difficulties; it's an instamine. Which brings two problems PR and centralization.

The PR problem is simple. Many will not touch an investment that they think had shady beginnings or continues to have someone associated with those shady beginnings at the helm. Dash will always have the same sort of stigma attached to it as baseball players from the Black Sox or home run hitters who needed to juice to pump their numbers (Sosa, McGwire, ect.). The media will have a field day with this issue if Dash ever saw a tenth of Bitcoin's marketcap as will supporters of other coins as long as the coin exist.

The centralization problem centers on the fact that over 35% of the current emission was mined in the first two days. Many will claim that it was cheap and therefore redistributed, but anyone could also claim that these were instaminers moving funds in an attempt to sell the idea of a fair redistribution later--no one in fact can claim either is true, so it's a gut call--but what really hinders dash here is that many investors are not going to buy the story that the coin mistakenly mined 35% of the current value, didn't relaunch fairly when it seemed in their best interest to do so if they wanted to maintain a clean record, but later sold their coins on the cheap as so the coin could be fairly distributed. That's very far fetched when they could have had a provable fair launch and gotten rid of the instamine label in one shot--either Evan is stupid or he thinks there are enough stupid people out there to accept this story. My guess is that Evan isn't stupid.