Post
Topic
Board Altcoin Discussion
Re: DARKCOIN BIG SCAM?? let's take a closer look
by
anonuser777
on 06/04/2014, 14:25:51 UTC
So after starting a thread looking at the merits of x11 over existing algos and not getting even 1 ....yes not even 1 clearly verified advantage the thread seemed to become infested with dark coin destroyers.

Still going on about this? I'll give you one reason, which is what the dev has explicitly stated. The new algo was created to allow a decentralized distribution in the same manner as bitcoin, i.e cpu miners first, followed by GPU, and then eventually ASIC. If the dev had just used SHA256 from the start, only ASIC miners would be able to mine the coin. A new algo was required.

sure, thanks for the information....however

please put this in the x11 thread. This thread is not examining x11, this thread is examining the 2 points in the OP.

Come on stick to the topic, if you want to discuss x11 again go to the x11 thread.

anonuser777 insists about taking about x11 and asics to derail this thread.... this is investigating the instamine scam of darkcoin not the seperate investigation of whether x11 is pure marketing bullshit with no real world advantages over previous chained algos.

thanks for trying to be helpful but post that stuff in the x11 thread.

Ok, fine, I'll try to keep within the extremely narrow bounds of your thread, despite the false info in your OP.

If this is a scam, would you care to put some numbers on the amount of instamined blocks? What percentage of the total number of coins in existence are we looking at? Has the dev effectively instamined 1% of all coins or 0.001%? If it's not much then it's not really worth arguing about. Why not also go the the BTC forum and complain about Satoshi's instamining? Most people agree that Satoshi deserves some financial reward for his efforts, so why not eduffield too. Without knowing how much the dev allegedly instamined we have no way of evaluating if this is a fair reward or not.