so the scamming part keeps it from being discussed in the altcoin section ?
not really, the coin is discussed in the alt coin section as much if not more than most other coins. The scam part often comes up during such discussions though.
look through just the last 24 hours i see many threads related to dark/dash xcoin.
pls point me to a post thats related specifically to Dash in the last 24 hrs.. and remember we are talking about a coin that rank 4th on coinmarket :
http://coinmarketcap.com/* jwinterm points at this very thread discussing the scam known at various points in history as xcoin/darkcoin/dashcoin.
nice try but i cant see any real evidence of Dash being discussed as much as if not more than most coins in the last 24 hours .. so far i found one single post.
for a coin that ranks 4th .. i wonder why ?
maybe because it's a scamalicious piece of dashtrash with the price propped up by the masternode operators now collecting interest on the ~50% of current coin supply that they instamined...mebbe?
incorrect, its 47 % .. where did you get that 50% information ?
Tilde (~) means approximately, fyi. I think 3% difference falls within "approximately".
okay, so what exactly is wrong with having a network of almost 2800 masternodes earning 47% Mn payment per block while keeping
the network strong and keeping it attractive to invest in ?
nothing wrong with it for those that were in on the scam and hold the bulk of coins.
hey you're ignoring these other points of discussion.....
Let's start with these points.
Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...
https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.
https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407 Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.
https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.
https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601 Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.
https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987 No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.
https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096 Illodin, understand dev has instamined alot of coin.
https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573 From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.
From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!
Edufield is nominee for the Master Scammer 2014 award!