poornamelessme
i am not here to advise people to invest in btc or drk. I am here to discuss the instamine of dark coin. Any coins distribution can be skewed by whales..... this is not the time to discuss that. We need to keep the thread on target.
that is it period.
As i said if we are done here and there is no argument regarding these facts below
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!
and the fact there was no windows wallet to allow mining by windows users.
If we are all in agreement with this then we can leave drk coin now. I am not here to destroy it. I am hear to get agreement it was a scam from the start.
If you think it is a good investment still that is fine. Who knows.
There seems no arguement back now it is turning into a justification thread. Time to move on and forget it unless you want to continue to debate it.
Yes there could be worse scams.... feel free to make threads about them. All scam coins should have the fact they were scams highlighted.... so go ahead pick a coin... see if it was a scam. If the evidence suggests it was start a thread it's fun to debate these things.