Quote from: AlexGR on April 06, 2014, 07:41:00 PM

I'm done. You erased a legitimate answer in your other thread about "darkcoin / scam" and it's obvious you seek not the truth. Rather you want to portray a single-sided version of dirt aimed at x11, darkcoin etc. So be it - do what you have to.

i erased you becaue you tried to derail.... sorry no derailing aloud.

stop derailing this thread with drk coin if people want to read about that scam....go ahead to the dark coin thread. It is getting very plain to see there.

Cliff notes

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!

anyway back to x11 thanks.