Post
Topic
Board Altcoin Discussion
Re: [SDC] ShadowCash Uncensored: Zeuner, Zero Knowledge, Zero Trust. What Happened?
by
child_harold
on 04/10/2015, 15:22:45 UTC

THE "FAIR" LAUNCH
aka Proof-of-Chaos


Personally I'd say that, after 9 months of waiting, ffmad's attack on the community for not providing the technical documentation for a tech created by the in-house cryptographer makes the shadow quote of the year: Not to mention that he, a web designer, is now helping to write the docs himself. That's a doozy.


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.






Some SDC community contest the solo miner theory and say it was a mining pool address although did not argue the point. Whether or not it was a solo miner we can safely say the launch wasn't fair and a 20 mill supply was reduced to 6 mill without any transparency after only 11 days.