Post
Topic
Board Altcoin Discussion
Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread
by
smooth
on 12/04/2016, 09:53:29 UTC
The constant false narrative by the people who present half facts half spin is a big reason Dash has been held back for the last 2 years.

Where is the "false narrative"? These are all objective factual statements:

Quote
1. Evan had at least two years of experience with crypto before launching Dash. There was no "lack of experience" as you claim. (Your statement about what "caused mistakes to be made" was opinion, by the way. I'm glad we have agreed to exclude opinion from this thread.)

2. Evan stated months ahead of the launch that he was working on a "for-profit" coin launch.

3. Evan deliberately withheld the development and feature plans until after the end of the instqamine.

4. Evan misled people about the launch schedule, launching much earlier than promised. During the first hour, over 500000 coins were mined, and in 8 hours, over a million coins.

5. Evan later cut the mining rewards and coin supply, increasing the effective size of the instamine by a factor of four or more.

6. In total, the instamine of 2 million coins represents over 30% of the current supply of Dash.

7. "Official Communication" from Dash blaming the instamine on inherited Litecoin code (which is factually false).

8. Dash ANN OP claiming the coin was "fairly and transparently launched".

If there is any "false narrative" here, it is the claims like "fairly and transparently launched" which are being made by Dash.

BTW, "a lot of coins were mined in the first 48 hours" is misleading spin. A lot of coins were mined within one one hour of the early launch, and then in the first 6-8 hours. The rest of the 48 hours was just icing on the cake.


Smooth, I thought you were better than this. Don't make me post a link to the Allen Iverson video again! Some facts, some spin.

1. Fact
2. Fact
3. Conjecture (Not Fact)
4. Conjecture (The launch time was posted)
5. Fact
6. Fact
7. There is a basis for saying that
8. Conjecture

Some facts and some conjecture. Try harder, please. I'm not buying what you're selling.

You are incorrect. Every single statement I made is factual and objective.

Anything conjectural about it, you are basing on your own interpretation of what I wrote.

With respect to #7 specifically, it is false to state that the Litecoin difficulty adjustment was responsible for the production of extra coins, because that was responsible only for a small portion of the extra coins. The vast majority of the coins came from block rewards that were stuck at the maximum value due to another bug, one that was not related to Litecoin, and which would have happened regardless of the rate of difficulty adjustments.

The Official Communication also states that Evan made a patch to the code to fix the difficulty adjustment within a few hours of launch. I can find no evidence of such a patch implementing any such hard fork prior to the one that ended the instamine after day two. Unless I'm mistaken, this is another factually incorrect statement.