Re: These new EFFICIENT x11 algos everyone is talking about ?? BULLSHIT or real?
No his topic tries to justify the instamine with no windows qt, and then changing things around with the params to make it even harder to mine coins than before..lowering blocks reducing total minting....
So you'll only allow people to post in that thread if they talk shit about the instamine, but if they say they don't care or it's not a big deal, they're "derailing the thread" Gotcha. Clear agenda buddy lol
If by talking shit you mean posting block explorer proof showing the HUGE instamine.... yes they are allowed
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!
can we get back to x11 now?? or must this be a justification of the instamine of drk coin thread.