Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
AlexGR
on 23/05/2014, 14:04:04 UTC
If a single darkcoin has a value of over 10$ now, think of where it would hav been if it wasn't instamined.

Lower - as with all coins killed by daily inflation.

The instamine worked great to provide sufficient market liquidity upfront, first miners were selling DRKs left and right for batches of 10.000 DRKs / 0.25 BTCs and thus the issuing rate / debasement rate of the next coins was better. Epic win.

Fast mining at the start => quick distribution at dirt cheap prices (nobody valued their instamined coins) => slow inflation next => good for price stability / increase.

DRK is issuing 2880 coins, BTC 3600 and LTC 28.800 coins per day.