Post
Topic
Board Altcoin Discussion
Re: These new EFFICIENT x11 algos everyone is talking about ?? BULLSHIT or real?
by
cryptohunter
on 06/04/2014, 20:45:32 UTC
can we get back to x11 now?? or must this be a justification of the instamine of drk coin thread.

You kicked everyone in the thread discussing it out, so they moved here obviously.  You only have yourself to blame for the derailment of this thread.

they were not discussing what the thread was about they were simply trying to justify it and derail it.  You posted here what i deleted so great.

as i put in that thread i tire of darkcoin now..... it was instamined as proven by this and we know the windows qt was not available...



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!


that is the facts right there... i dont care about darkcoin that much it was a side issue that arose from this thread.... but it is boring now. The is no denial from drkcoin fans just justification... job done.


so forget dark coin now... it was an instamine scam.... if it goes on to become something larger that is great i don't care either way...  people now the truth now and  make their choice...

so back to x11 then...