but the comment was about the gigantic instamine. That one mistake will haunt the coin forever. If the day comes that Darkcoin becomes the #1 crypto and worth a trillion dollar market cap they'll still be beating us with that stick on the TV news
One of the most balanced and informative remarks I've seen about that is this one here:
Quote
There can be no doubt that 50% ish of all current minting was taken by just a few people.
The first few miners got the coins. That's a fact. What we disagree is the implication this had for purposes of "fair distribution" - as I was there when the coin hit the exchanges at prices like 0.0000x per DRK.
Most instaminers didn't value their coins, thus allowing massive re-distribution at dirt-cheap prices. People don't generally value things they get in abundance.
The main fallacy of the "oh drk scam" etc is that it implies that the distribution of the first 48hrs remained fixed for eternity, when coins were already changing hands hours after the first miners arrived.
The fact the dev offered to do the airdrop, and i believe he was serious about it was enough to tell me he was not out just for quick profits but wanted his coin and hard work to go on to something bigger and actually return larger profits long term. The community forced him to go back on that.
The community was asked and it replied. And, IMO, they took the fair choice as coin distribution was already a non issue. There was so much dumping in the start, plus so many waves of dumping from feb to april. By that point there was not much to "fix". The coins had circulated.