Zerodrama may be able to elaborate on this one from phsyical0 some time back …
[url=http://cryptocoinexplorer.com:5750/block/b5cf9329fef0206e3f81f77823d94fb6ed84c2add33a6b63eef2b0a94e724a74]http://cryptocoinexplorer.com:5750/block/b5cf9329fef0206e3f81f77823d94fb6ed84c2add33a6b63eef2b0a94e724a74[/url]
http://cryptocoinexplorer.com:5750/tx/015bde424f5187b61ec92b696615606f6260eb651e031e8fa547ecc7c193befc
His main argument are the blocks above and the following statements …
[quote]Yes, I am well aware. 1.2 million FTC were created in the first 3.3 hours of the coin’s existence. Of those 1.2 million, the majority of them currently reside at a single address cryptocoinexplorer.com:5750/a/6whca2ZQU7[/quote]
[quote]FTC was premined. It went for 3 full difficulty recalculations before it left 0 difficulty. This should be physically impossible a the rate of block completion. We’re not talking about just a lot of FTC, we are talking about 1/6 of the total FTC currently in circulation.
[/quote]
[quote]
The purpose of difficulty is to make blocks get completed at a regular interval (2.5 minutes in the case of FTC). It was a full 15 days before FTC’s difficulty was at a point where that was happening.
[/quote]
[quote]How would you explain 3 difficulty recalculations before raising the difficulty when blocks are being completed at a rate of one every 2 seconds?[/quote]
[b]Response : [/b]Use the client to check the blocks. The client shows all 8 decimals where as the explorer was showing 4 and it looks like difficulty did not change for 6000+ blocks.
In the client go to debug window. Run getblockhash 6000 and copy the response, run getblock with the hash pasted after to see details of the block. The difficulty has changed.
[b]Note :[/b] Cryptocoinexplorer now shows 8 digits. These post were made in trollbox around a month ago.
[quote]
Block 6047 was mined 3.3 hours after block 1. 6000 coins a minute were produced in the first 3.3 hours. The rate at which coins are supposed to be produced is 200.[/quote]
[quote]The majority of block rewards from early blocks all ending up in the exact same account which currently holds 15% of all the FTC currently in circulation. What conclusion do you come up with?[/quote]
Pool wallet most likely. Zerodrama can probably help with this.