Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
by
slyA
on 08/04/2014, 16:42:56 UTC
why it's the best coin ?

Probably because he instamined it or bought too much.

I love how mining at the beginning of the launch is now synonymous with instamining. Lots of sore miners showing up in here.

It's synonymous with instamining because there is no other way to describe 50% of currently available coins being released in 24hrs. After block 4500 the reward dropped from 500 to 56, and the difficulty retarget was changed from 24hrs to 1hr. It's one the most terrible launches I've ever seen. I wish it had been done right in the start. It just looks bad, and the bad press will unfortunately open the door up for numerous "fairdark" clones.

I'm not a "sore miner' as I was mining xcoin a few days after launch, although I didn't know about the instamine at the time. You could also argue that I benefited from buying at low prices, which I did, but it doesn't mean I don't care about the blatant instamine. Something like that will haunt a coin. People hate quark because of its "unfair" distribution.

People in general and miners are a different issue. The cryptocommunity is so self-absorbed that it lacks the understanding that cryptos are far broader than their mining. You see people saying "oh, it's over, ASICs came" and what they really mean is that's its over from their own mining perspective even if a coin like Bitcoin goes up a few hundred times in price. It's no wonder why miners are so low in the "food chain" of cryptoland (miners < traders < investors). It's also no wonder why miners lose so many of their BTCs by engaging in scams, pump and dumps etc.

...

People in general are harsher than this community. A lot people call bitcoin a ponzi scheme. They wonder why they should invest just line the pockets of early adopters. The same thing will happen to dark. Without a relatively flat rewards schedule, people dismiss it as a ponzi. Sure, some will buy in, as you can see with bitcoin, but it hinders mass adoption.

Lol you think the bitcoin distribution hindered adoption? don't be silly. The people crying about bitcoin wallets are drops in the bucket compared to the tidal wave of money from wall street that will pour in once bitcoin has more rigorous regulatory infrastructure.