Post
Topic
Board Altcoin Discussion
Re: [SDC] ShadowCash Uncensored: Zeuner, Zero Knowledge, Zero Trust. What Happened?
by
Wheatclove
on 06/10/2015, 14:02:48 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.

Re: your solominer theory:

 The chickenstrips pool goes down around block 119 (according to forum posts), that address you linked doesn't start mining until block 169. Would a malicious miner risk losing a potential 20,000 coins?

Furthermore, block 169 is found 13 minutes after a new pool (coin-miners) is posted in the thread. Do you have any evidence that your "malicious miner" is not that pool?

The address you posted stops mining (dates and times match) just before someone reports it as being down on the original thread. The operator reports his database corrupted and begins to accept deposit requests.

Conclusion: the address you use for evidence is the address of the coin-miners pool.