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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 15/07/2014, 03:01:26 UTC
No amount of whining will stop the scam. Beat them in the market, expose flaws in their technology(working on it as a personal project ), or post non stop in their thread. You'll find most of them are morons and will give up after you thoroughly ha d them their asses.

After several forked, they still believe in DarkForkCoin.  Grin I don't think it will work.
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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 29/06/2014, 09:07:17 UTC
Terrible scam, increasing my money by over 100 times. Wish I had gone with a non-scam coin like Anoncoin, so that my money could have decreased instead.

please don't change the topic "SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)"  Roll Eyes
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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 28/06/2014, 13:52:45 UTC
I have read it already, it is just someone tried to cover/making its as not a big issue. The fact is the devs is instamine still true.


Ok now what? You're correct. Now what?

Nothing, it's just telling people the truth. after that, it depends on them weather they will insist to invest in SCAM Darkcoin or other coins.
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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 22:13:27 UTC
I have read it already, it is just someone tried to cover/making its as not a big issue. The fact is the devs is instamine still true.
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Topic
Board Announcements (Altcoins)
Re: Official Anoncoin chat thread (including history)
by
IloveAnonCoin
on 27/06/2014, 21:54:52 UTC
It's true that we are a bit short-staffed (I and most of the other devs have full-time jobs). If anybody knows a developer who is interested in Zerocoin, forward him/her my way.

It would be useful for the dev to know at least one of these (but the more the better):

  • C++ (especially bitcoin/litecoin/*coin clients)
  • cryptography (especially public key)
  • distributed computing

Just a status update: I am putting the finishing touches on the UFO server, which will talk to the UFO clients (source and instructions at https://github.com/Anoncoin/ufo_client ). I expect it to be ready by tomorrow at the latest.  Once again, if you want to participate and have CPU cores to spare, message me with your nick and pubkey, as described in the above instructions.  When this is up and running, I will return to working on libzerocoin improvements and integration with the Anoncoin wallet.

As for those concerned about price drops when deadlines are missed: I for one am thinking about the long haul, and I do not care at all about short-term speculators. When a working Zerocoin is released, the price will increase dramatically, and stay consistently high. If I try to rush this to meet a deadline, the quality will be sub-optimal. That's just how it is.

And pay no attention to those who say development has stopped on this. I have invested hundreds of hours of my time on this, and I am going to finish it even if it kills me.  Grin

I'm interesting in it.
How can I participate ?

Well, that depends. What are your skills?

I can fulfill all your requirement, and 1 month available.
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Topic
Board Announcements (Altcoins)
Re: Official Anoncoin chat thread (including history)
by
IloveAnonCoin
on 27/06/2014, 20:59:53 UTC
It's true that we are a bit short-staffed (I and most of the other devs have full-time jobs). If anybody knows a developer who is interested in Zerocoin, forward him/her my way.

It would be useful for the dev to know at least one of these (but the more the better):

  • C++ (especially bitcoin/litecoin/*coin clients)
  • cryptography (especially public key)
  • distributed computing

Just a status update: I am putting the finishing touches on the UFO server, which will talk to the UFO clients (source and instructions at https://github.com/Anoncoin/ufo_client ). I expect it to be ready by tomorrow at the latest.  Once again, if you want to participate and have CPU cores to spare, message me with your nick and pubkey, as described in the above instructions.  When this is up and running, I will return to working on libzerocoin improvements and integration with the Anoncoin wallet.

As for those concerned about price drops when deadlines are missed: I for one am thinking about the long haul, and I do not care at all about short-term speculators. When a working Zerocoin is released, the price will increase dramatically, and stay consistently high. If I try to rush this to meet a deadline, the quality will be sub-optimal. That's just how it is.

And pay no attention to those who say development has stopped on this. I have invested hundreds of hours of my time on this, and I am going to finish it even if it kills me.  Grin

I'm interesting in it.
How can I participate ?
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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 19:49:42 UTC
Actually, I do care, and a lot of people in here care. Lots of people who are Darkcoin supporter tries to denied/cover it.

Feel free to keep the crusade going but I think it's an accepted part of history now who's effects were mitigated by subsequent trading.

Accepted by the market, accepted by the miners.

You call it a "scam". I don't. I call it "the difficulty was too low for a period and a lot of people got a lot of coins". A scam is where you take people's money and give them something of no value in return. On the other hand, anybody who mined or bought Darkcoin back then and held has made huge returns, so I'm sorry, I don't buy your definition of "scam" in this case.

Broken record.


haha, so now you are going to discuss the definition of "SCAM", by not talking about instamine by devs ?
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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 18:50:38 UTC
No one cares about the instamine. No one denies it. Do you have anything else to say or are you a broken record player?

Actually, I do care, and a lot of people in here care. Lots of people who are Darkcoin supporter tries to denied/cover it.
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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 18:18:10 UTC
I love truth.
The truth can be found here:


Tired of the FUD ? Read the FAQ : http://wiki.darkcoin.eu/wiki/FAQ

Was Darkcoin Instamined?
Quote
~2mn coins were issued in the first 48 hours due to problems with the difficulty readjustment. That represents approximately 10-15% of the total money supply that will ever be issued.

The majority of these coins were distributed through the market in the following weeks and months at very low price levels* (0.0000x BTC per DRK to 0.000x BTC per DRK) and a lot of them were also absorbed in the April/May 2014 price increase.

  • Examples of prices and selling action almost two weeks after launch:

https://bitcointalk.org/index.php?topic=421615.msg4861558#msg4861558

https://bitcointalk.org/index.php?topic=421615.msg4889177#msg4889177

I read someone who wrote that 50% of the coins in circulation are owned by the devs
Quote
No. This is a classic case of spreading FUD (Fear Uncertainty and Doubt) by supporters of other cryptocurrencies who perceive Darkcoin as a threat to the coin they support.

The coin has been well distributed through exchanges since early February 2014 – almost 15-20 days after the coin's launch. One could buy as many cheap DRKs as they wanted, with prices of 0.0000x per DRK or 0.0001x per DRK. This can be verified by historic charts of c-cex.com and poloniex.com of early Feb 2014. These two exchanges were the first that adopted DRK. Huge buy orders of 20-30-50k DRKs were being filled by early miners who were dumping their coins for pennies, not really appreciating the coin they had in their possession due to the “abundant” way in which they mined it as people do not really appreciate what they are given in ample quantity.

Miners who “instamined” large quantities never foresaw the huge price increase and as such sold over a million coins at prices from 0.0000x up to 0.002 – with the first large batch being sold after DRK hit the exchanges and the next large batches being sold from February 2014 to April 2014 @ 0.0015 BTC price levels. In fact, many coin holders were complaining* of all the “dumping” by those who held cheap coins from the start that kept the price at artificially low levels for 2 months straight.

The dumping ended, due to tremendous market demand, when a “pump” was initiated by “whale” buyers that swallowed millions of USD (in DRKs), raising the price from 0.0012 to 0.017 within a few weeks.

  • During this dumping period there were certain individuals who spread FUD about how the coin will never rise in price due to the instaminers dumping continuously. These are typically the same people who are claiming that the 50% instamine distribution affects the coin distribution today. However it is impossible to simultaneously claim that the coins were being dumped and that the 50% instamine holds true today. It's either one or the other. Since the coins were being dumped, the 50% instamine distribution was gradually reduced with each dumping wave. Blockchain analysis indicates a well distributed coin, reflecting the fact that the dumped coins were evenly distributed through the market. Early distribution is not currently an issue as huge buyers have been reshuffling the "rich-list" in their favor, buying millions of dollars in Darkcoins during May 2014. Late distribution through aggressive buying is currently more of a concern than early distribution.
The Birth Of Darkcoin (Mar 29, 2014 by Evan Duffield)
Quote

    This is the story of how Darkcoin came about. Recently the community has grown a lot and many people here aren’t aware at all of the early history of the coin. I’m sure you’ll see from the full story that I would have done things much differently, but hindsight is always 20/20.

    So who am I and what do I offer?

    My name is Evan Duffield and I’ve been developing software since I was 15. I also have a history in finance and an interest in economics and machine learning. I’ve worked all over the space for PR firms, creating search engines and machine learning algorithms for financial modeling.

    I’ve have a rewarding career and consider myself lucky to have been a part of many great projects. Also, it’s worth noting when I worked at Hawk Financial Group I got my series 65 (a financial advisor license) and I’ve used that knowledge extensively for Darkcoin.

    The birth of Darkcoin

    I discovered Bitcoin in mid 2010 and was obsessed ever since. After a couple of years in 2012 I started really thinking about how to add anonymity to Bitcoin. I came up with maybe 10 ways of doing this, but I soon realized that Bitcoin would never add my code. The developers really want the core protocol to stay the same for the most part and everything else to be implemented on the top of it.

    This was the birth of the concept of Darkcoin. I implemented X11 in a weekend and found it worked pretty well and it would give a completely fair start to the currency. What I really was aiming for with X11 is a similar development curve where miners would fight to create small advantages much like the early start of Bitcoin. I think this a requirement to create a healthy ecosystem.

    Next I was thinking about changing the reward system. I thought it would be an interesting experiment to add more incentives to join mining early on, driving up the hashrate and protecting the network, that’s when I came up with 1111.0 / ((x+1.0)^2.0), which was the first formula for controlling rewards.

    Launch

    It was January 18, 2014 and I had everything ready or so I thought. I announced the launch of Darkcoin (XCoin at the time) on BitcoinTalk. We launched later and immediately got stuck on block 42, I was new to the Bitcoin codebase and wasn’t sure what I missed so I announced we’d relaunch later.

    When we relaunched we had a rush of miners join causing a huge spike of coin production without it being able to adjust the difficulty quick enough, we just ended up spilling out coins. Retargeting happened every 576 blocks and could only increase the difficulty by four times, so it took about six retargets to get to a difficulty that was near 2.5 minutes per block.

    Later on, after the difficulty evened out we realized that there was a serious problem with the block reward calculation. You can see people discussing the problems here:

    https://bitcointalk.org/index.php?topic=421615.120

    I soon fixed this issue at block 4500, but none of us realized the amount of coins that had been issued at the time. At that point we didn’t even have a block explorer yet.

    Growth

    Right after block 4500 is when I started working on DarkSend. I was trying to create a proof-of-concept and eventually I succeeded, I posted about it and our coin started to become more popular by the day. This is when the coin became a serious project of mine.

    Later on we switched to 11111.0 / ((Difficulty+51.0)/6.0)^2), these formulas proved to be much more powerful incentives to drive up the difficulty than I thought they would. Soon after we switched to (2222222.0 / ((Difficulty+2600.0)/9.0)^2.0), targeting a difficulty of about 3400.


    In the end?

    Darkcoin started from a few months of me thinking about ways to create a better coin and a couple weekends of coding. It wasn’t till later that we got established and I really started taking this seriously. Anyone can compare our recent efforts to the sorted past and see things are going much smoother. No one really knew how much this would blow up (in a good way) and how popular it would be, otherwise I would have took my time in the beginning.

    Goals and the future of Darkcoin

    I don’t believe the origins of Darkcoin are too much to overcome, but investors and users are going to have to decide for themselves if they want to support the project. Recently I’ve shifted away from other projects to going full time on Darkcoin. I think with a full time developer and our solid community we’ll be able to make something great.

    It’s only been a couple months and we have a lot to show for it (X11, DGW and DarkSend Beta) and there is more in the works. This obviously didn’t go perfect but I think we have a really fantastic community and I see a really bright future for Darkcoin.


Of course mudslinging is easier than innovation. So keep creating new accounts while the Darkcoin team is innovating. Have a good day !

Below is the truth



Of course its a scam, anyone whit half a brain knows this, but in the cryproworld its just another one to add to the ever growing list.

It originaly launched a few minutes before the official launch time on the 18th January 9:58 (5pm EST)


Because the code was full of bugs a restart was necessary, it then officially launched at 11pm EST


The coin was 5 min old the first screams of instamine


.
So we finally mate it to the active blockchain. The dev mate sure it is the worst possible launch time for Europe and America, but he at least it was a good time for Kiribati.
Sunday at 4 in the morning is a sure time you find most miners waiting for a launch
.



The coin is barly a few minutes old and the dev is already throwing the coins by the thousands



Yes its raining coins, but he enjoy it will it lasts.



If the dev would have been serious about the instamine he would have relaunched after having discovered yet another bug, after all it was done before.
Equally the dev is flat out lying in his claim the algo it is ASIC resistant and it being anonym. All it does is displaying his true character. If darksend does not significant differentiate from coinjoin he is breaking the law as well.



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Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 13:54:36 UTC
You losers gonna cry some more? God, I love DRK.

Sorry, I feel good about exploding the fact about Dark instamine, and I will always do. God ( I don't believe in Gods ), I love truth.
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Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 12:14:37 UTC
The truth from the dev who did instamine ?  Cheesy Cheesy I doubt that.

Do you think dev shouldn't mine at the start? How long should he wait until he can start mining? An hour? A day? A week?

Isn't the dev the one who deserves the coins the most because he is the single most important person affecting the success of the coin?

Shouldn't the dev have enough coins to concentrate on developing the coin without having to worry about how to pay the next rent? Or should he flip burgers 10 hours a day and code after that while being tired and having no prospect of getting paid no matter how well he does the coding?

I never had problem with PREMINE if he wants to do so. BUT they did instamine, and saying "No Premine".

So if they say "No Premine", how long they should've waited before mining?

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!


You can mine immediately after release working source code in Github, I'm not talking about Windows wallet.
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Topic
Board Altcoin Discussion
Re: 100 BTC: What to buy
by
IloveAnonCoin
on 27/06/2014, 12:09:14 UTC
Careful about Darkcoin:
Here is the things that you need to know before buying.

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!
Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 12:07:18 UTC
The truth from the dev who did instamine ?  Cheesy Cheesy I doubt that.

Do you think dev shouldn't mine at the start? How long should he wait until he can start mining? An hour? A day? A week?

Isn't the dev the one who deserves the coins the most because he is the single most important person affecting the success of the coin?

Shouldn't the dev have enough coins to concentrate on developing the coin without having to worry about how to pay the next rent? Or should he flip burgers 10 hours a day and code after that while being tired and having no prospect of getting paid no matter how well he does the coding?

I never had problem with PREMINE if he wants to do so. BUT they did instamine, and saying "No Premine".
Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 06:40:57 UTC
The truth from the dev who did instamine ?  Cheesy Cheesy I doubt that.
Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 06:34:32 UTC
Does nothing? I mined in the beginning (and a bit later too), bought coins cheap, and now I'm running masternodes to support the network. I'm doing something, and getting paid nicely.  Wink

Are you sure you mine at beginning ?

Yes, pretty sure. Wink

Why didn't you btw? It was very profitable.

Just for remind you Smiley

Are you trying to say I didn't?

Have you read ?

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!
Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 06:31:54 UTC
Does nothing? I mined in the beginning (and a bit later too), bought coins cheap, and now I'm running masternodes to support the network. I'm doing something, and getting paid nicely.  Wink

Are you sure you mine at beginning ?

Yes, pretty sure. Wink

Just for remind you Smiley




Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 06:27:29 UTC
Does nothing? I mined in the beginning (and a bit later too), bought coins cheap, and now I'm running masternodes to support the network. I'm doing something, and getting paid nicely.  Wink

Are you sure you mine at beginning ?

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!
Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 05:28:06 UTC
Masternode payments started yesterday, and I set up a few nodes and got $50 worth of coins a day. Not bad huh? How's this a scam if I get $50 a day??

Not bad huh ?

Not bad imo. I like it.  Wink

pathetic, for someone who knows there are instamine, but does nothing.
Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 05:13:50 UTC
Masternode payments started yesterday, and I set up a few nodes and got $50 worth of coins a day. Not bad huh? How's this a scam if I get $50 a day??






Not bad for instamine coin huh ?
Post
Topic
Board Altcoin Discussion
Re: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
by
IloveAnonCoin
on 27/06/2014, 04:43:13 UTC
Your FAQ can write Dark is not instamined coin. BUT you know yourself.

As you can clearly see in the text you quoted, the FAQ doesn't say that. Either you can't read for toffee or you're deliberately misrepresenting the facts and hoping the readers of the thread won't bother to read for themselves.

https://yourlogicalfallacyis.com/strawman

I read someone who wrote that 50% of the coins in circulation are owned by the devs (http://wiki.darkcoin.eu/wiki/FAQ#I_read_somone_who_wrote_that_50.25_of_the_coins_in_circulation_are_owned_by_the_devs)
No. This is a classic case of spreading FUD (Fear Uncertainty and Doubt) by supporters of other cryptocurrencies who perceive Darkcoin as a threat to the coin they support.

Have you read it ?

What? That text doesn't say Dark wasn't instamined, it just says the devs don't own those coins. Yes, I have read it the FAQ. It says in several places that there was an instamine, and explains the details.

Trolls have been singing your tune and saying DRK was doomed to crash since it was under 10% of it's current price. Any argument against the rise of DRK that was being said at that time has now been proved wrong. Come up with new arguments or go home.

Please stay with the topic "Dark instamine", do I need to argue with your about the price ? If so, I can create another topic to elaborate how Dark scam coin make the price up by changing total supply and block reward.