At the time when Darkcoin was launched one of the biggest issues was premining, we made sure this was not going to be an issue with this. The launch date was even pushed back one day and people were waiting to start on the origional date, so the one day delay got even more people into the initial launch on the actual launch day.
As far as the launch TIME, the launch time was 8pm eastern time in the US. But no matter what time the coin was launched someone where in the world it would be a bad time.
Honestly IF this was designed as a scam coin do you think there would be this much development effort in adding new features and helping to fix problems with others, ie KGW? KGW was completely rewritten and immediately opensourced for anyone to use.
Typically a scam coin is a pump and dump, and there are MANY coins that are that way.
I understand the issues that have been brought up and we have had many questions and issues brought up since launch and we have tried to address them as we could. We have made alot of changes to the code to address people issues.
What a pile of rubbish. You are trying to bring the time thing in again. Yes the time was not the best but since it was announced it does not really go against drk that much.
However to avoid the premine issue....hehe when people were catching on and moaning about 1% 2% premines you decided to be sure to get an even larger % don't you by cutting out windows miners and instamining far far far more than 1% or 2%
This is the most obvious bunch of excuses i ever heard of.
You need to address these FACTS not give excuses...
I'll break it down for you fellas.
Here are some facts.
1. The block reward was 500 every couple seconds at launch! Not 20 or 50 coins every 2.5 minutes as listed. There was also no windows wallet so only linux users could mine. This allowed about 1.7-2 million Darkcoins to be instamined in the first 24hours. Representing about 50% OF ALL DARKCOINS CURRENTLY IN EXISTENCE!!! All mined in the first 24hours by just a few wallets. Then the rules were changed increasing the block time to 2.5 minutes and eliminating the 500 block reward, (but only after the instaminers had claimed 2 million or so coins first.)
2. Today many of those day 1 instamined coins have already been sold and right now approx 24% of all Darkcoins are held in just 10 wallets. This could be 10 people or it could be simply Evan with 10 different wallets.
3. My opinion is that it is unfair and unfortunate that this occurred and IMO it represents a very real risk to Darkcoin in that there is an opening for a good dev to make an Identical X11 coin that has all the attributes of Darkcoin, plus a few more features, and have a truly fair and equitable launch. The instamining will continue to be brought up as it currently represents about a 10% premine given the Dev recently reduced the total coins that will ever be in existence to around 22million!