Post
Topic
Board Altcoin Discussion
Re: 【Truth or FUD???】DarkCoin – The Next Big Thing, or Just Another Pump and Dump?
by
4420866
on 06/06/2014, 08:18:41 UTC
How could you justify this. There is 1.7 million coins premined, at an average price of 0.001 btc, that would be 1700 btc. If he sells half of it, it will be 850 btc.
You are just talking bare lies that 1700 btc or 850 btc is bare zero money.

1.7mn DRKs had a cost of 42.5 BTC in january.

You are applying retroactive logic (current valuation to the circumstances of the past) of the kind "oh those idiots who bought the 10.000 BTC pizza, now would be millionaires". Yeah, well, nobody knew. Same with DRK... 100k DRKs = 2.5 BTC. In some cases even 2 BTC.

Quote
Also, you are talking the PoW/PoS coins such as Cinni have very short PoW time as "instantmined", however, do you understand what is instantmined? Instantmine is defined as at the early stage of PoW stage of a coin, the mined coins accounts for a large amount of the total PoW stage. DO NOT LINK your instantmined DRK with us, ok?

All pow/pos coins are instamined since future miners cannot mine them at all. Contrast this to DRK where 2 were instamined and another 20 could be mined later. Which is fairer to late miners? The one where you have to buy it from the bagholders (no mining possible), or the one that you can actually mine it too? It's hypocritical to argue about fairness to late miners when you are supporting any pow/pos 100% instamined hybrid.

Quote
Now it is very clear, DRK is instantmined by a single person before others could use the qt and miner. Because the developer hold 40% of coins, he is trying to do whatever he want.

Most miners use linux.

During the first 15 hours, between

block 1  http://chainz.cryptoid.info/drk/block.dws?000007d91d1254d60e2dd1ae580383070a4ddffa4c64c2eeb4a2f9ecc0414343.htm and

block 4000 http://chainz.cryptoid.info/drk/block.dws?00000000fc0ee07e47609bae8d5fe5d774193c71d518c56dfe8faaf7d780a03f.htm  



approximately 1.75m darkcoins were generated.
The result? Darkcoin is currently at 80,000 blocks, but there’s only 4.3m DRK out there. Five months later, the 1.75m generated during those first 4200 blocks still represents 40% of all DRK in existence.