Post
Topic
Board Announcements (Altcoins)
Re: [SDC] ShadowCash | POSV2 | Untraceable E-Cash | NIZKP | HD+BIP32 | ShadowMarket*
by
child_harold
on 16/09/2015, 10:43:38 UTC
Dont even bother, you are talking to one of child-harold's (CH) sock puppets if you didnt realise. Probably not, considering its trust rating is still intact.

very well… one for the road…

smooth knows P3RS3US and may recall he was created after my 2 week BCT ban for advertising my SDC IRC giveaway. He's removed his negative trust rating from my account too.

I just thought Id take a look at the beginning of SDC before I walk away.

Saying it was a "fair launch" is a stretch and it's better to deal with it now than wait till you get further down the rabbit-hole.

The collapse of the only mining pool 60 mins after launch, resulting from a DDOS/misconfigured miners spamming the pool (see thread), does not speak to a fair launch.

At launch (when ASICs for scrypt did already exist)   the Dev explains his use of scrypt by saying: "Scrypt has proven itself time and time again"
https://bitcointalk.org/index.php?topic=700087.msg7912522#msg7912522

11 days later Dev says "We've given it some thought and decided that we will be cutting PoW to 31000 blocks due to ASICS and multipools hitting ShadowCoin hard." and 20 million is slashed to 6 million. https://bitcointalk.org/index.php?topic=700087.msg8106937#msg8106937

I'm not calling scam or speculating who that solo miner might have been. Neither of those things need to be claimed when asserting that this launch was NOT fair and with the collapse of the official pool 60 mins into launch actually a disaster. Im not sure why a relaunch was not proposed.


Quote
Shadow's thread moved some time ago. Here's a link the the original. I recommend reading the first 15 pages.
https://bitcointalk.org/index.php?topic=700087.msg7910616#msg7910616

TL;DR

The first 11 days. PoW. The fair launch.

The original OP giving details of the mining pool (chickenstrips) and the 20 million POW supply
https://bitcointalk.org/index.php?topic=700087.msg7925381#msg7925381

SDCDevs first ever post explaining his choice of scrypt and saying "The source will be available as soon as we launch tomorrow afternoon" https://bitcointalk.org/index.php?topic=700087.msg7912522#msg7912522

Some unhappy about scrypt ASICs
https://bitcointalk.org/index.php?topic=700087.msg7916958#msg7916958

Two hours after launch chickenstrips goes down (around block 158)
https://bitcointalk.org/index.php?topic=700087.msg7925580#msg7925580
Here is the chickenstrips address:
http://shadow.blockexplorer.cc/address/SY91LeCzU4TM251pkRD8THHA186f7ZwDU3?display=all

From block 159 to block 3050 this solo-mining monster takes over and mines almost 400,000 in around 48hours, mostly without any competition since no pools are up and running.
http://shadow.blockexplorer.cc/address/SYnHd6uBbbiXitR235TTysjqLRiRDxFbZ8

LongandShorts' first post 5 days after launch
https://bitcointalk.org/index.php?topic=700087.msg8009798#msg8009798

3-4 days pass and more mining pools appear but concerns are raised are ASIC miners and the plan is changed. PoW to be cut short and only 6 million in this phase. https://bitcointalk.org/index.php?topic=700087.msg8106937#msg8106937

The rest is history.


I regret things ended this way but I simply cant condone what happened regarding the Zeuner's crytographic peer review. Chasing the market smacks of running before walking. Some might consider the above an attempt at FUD but really it documents the first 11 days of SDC, a time which produced 95% of coins in an chaotic manner.

You will not hear from me or any of my avatars again.

You have my solemn word. Goodbye.

ps might show strength if you dont delete this post and actually respond to the questions it raises.