Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
AlexGR
on 04/07/2014, 15:38:09 UTC
Huge? It's only 10% of the total monetary supply - and it's already distributed through the market at prices of 0.0000x to 0.002 for months. But I don't expect you to know it because you weren't there watching it. I did though and therefore I'm better informed.

10% not huge for you ? It clearly huge when it's owned by one person and hidden to the market.

Compare that to PoW/PoS which have 100% of their monetary supply instamined in a week or so and no-one bitches about them "scam scam scam" or "problematic distribution". Nobody cares about "fairness" to future miners. If they did, they'd also say Bitcoin is a 1bn USD scam due to Satoshi mining >1mn coins on his own with a few desktops and laptops. And those who scream scam for DRK because it disadvantages future miners, are actively supporting PoW/PoS coins that give 0 chance of mining to future miners.

Your argument is invalid. In real PoW, there are miners, there is competition.
When you solo insta-mine, you take all the coins you insta-mined with zero-cost hardware and energy.

1. Instamine wasn't one person holding 2mn coins

2. Solomine and instamine are different things. Solomining = what Satoshi did at the start. Instamine = fast mining rate for a percentage or the total of the coins. Everyone arriving to mine had the exact same block rewards.


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You cannot have a free market with insta-mine.

The market disagrees with your assessment. Coins were been sold and bought from the get go. Right now DRK has an accumulated volume of hundreds of millions USD in transactions.

100% instamined coins (PoW/PoS) also have millions of marketcap. PoS coins like NXT weren't even mined but sold to begin with.

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You can make a coin, you can instamine it as much as you like, but it will still be a worthless coin if you do not assign value to it.

Yes, that's exactly why Darkcoin has no value.

Living in denial...