Quote from: Kergekoin on May 25, 2014, 01:59:34 PM

Quote from: Ozziecoin on May 25, 2014, 01:25:38 PM

Quote from: Kergekoin on May 25, 2014, 11:35:54 AM

Few comments regarding DRK.
Anyone who truly believes that what happened with Darkcoin launch was a "mistake" or "accident" deserves the award for being naive.
It was well planned and executed by developer, who now probably has complete control over this coin.

But just maybe - Its not too bad that dev controls the coin? Lets suppose that he will just gradually sell hes stake and will be a multimillionaire soon. Perhaps he desires even higher price and only sells when he needs some money. Price rise will give him more motivation to work hard and perhaps even take on Litecoin market cap some day.
Lets just hope that he doesnt get bored or stuck in hes development which results with massive dump and clear death for the coin.
Do hope so.

From someone who has created a coin (rather than purely cloning one), I can tell you it is not easy to work with the protocol. I can easily imagine a situation where the coin formula was messed up. In fact, I know dogecoin will eventually run into integer issues. Also, max coin in the protocol does not actually mean max coin in circulation. There are many issues to deal with. I can easily see a new developer getting caught out.

Also, let's not forget the Devs were actively trying to buy their own coin in the early days. Now, if they actually had 2 million coins from day one, why would they do that?!? Anyway, I can understand the general scepticism but from what I can tell, the Darkcoin Decentralised Privacy innovations are genuine. Darkcoin deserves to be valued above litecoin, which offers zero privacy.

There was nothing confusing or difficult about it. Its just simple numbers which could have been easily tested before launch. Compiling the client and testing if your PoW formulas work, takes less than an hour even if you are slow. Anyone with a slightest idea would not mess things up like that.

To fool you. And they were successful.?

I also understand that none of this can be proven to be facts until they make a mistake. This will probably not happen since they know perfectly well how to play this "game of coins".

kergekoin, I can tell u that darkcoin's block reward was not straightforward as it was inversely related to difficulty based on Moore's law. This meant they could not test very high difficulty. Moreover, Evan has stated the facts in an open letter. I don't think he would do this if it wasn't true. He is the lead dev and lying at this stage would harm darkcoin more than help.