Quote from: nemgun on April 19, 2017, 09:02:32 AM

Quote from: qwizzie on April 19, 2017, 08:58:51 AM

Quote from: tokeweed on April 19, 2017, 04:43:49 AM

Quote from: Technologov on April 15, 2017, 11:46:39 PM

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe. The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so. But he didn't. He broke a social contract with the community and that's a bad and dishonest thing to do. But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? Wink

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not broke any social contract.

Could you please give more details about the instamined coins ? Where are they ? and is it possible to track them ?

If they were mass sold on exchanges, it could mean that dash's creator wanted either to create a development fund for DASH, or just fill his pockets. Maybe both, but i think that it would be better if we have more informations about it.

And please, ignore the trolls, i know that many of them doesn't even know what is a premine or an instamine.

InternetApe & Vertoe (early Dash dev team members) both already sold their Dash.
Evan Duffield has pledged to hold 80% of his personal wealth for internal DAO's / community projects.

link : https://www.dashforcenews.com/ryan-taylor-new-dash-core-ceo-founder-evan-duffield-moves-advisory-role/

Quote

No founding member now has any direct control over Dashs development

This move completes a shift away from direct control over Dashs development by any founding member. During the Dash Core offices open house in Scottsdale last month, Duffield announced that he had deactivated all his masternodes, meaning that he no longer has a direct vote in how Dashs treasury is spent. He also pledged 80% of his personal wealth to community projects, on which he intends to focus his attention as Dash as a whole grows to reach as many people as possible.

The net result of this reorganization is that, while sole remaining founding member Duffield still plans on remaining active in Dashs growth, and is incentivized to see it continue to succeed, no founder now controls Dash directly in any way. This move to further decentralize the currency also displays great faith in Dashs future, Core team, and community.