[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1078.

TanteStefana2

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Quote from: TaoOfSaatoshi on July 06, 2016, 05:10:01 AM

Amanda B. Johnson on Bitcoin Uncensored – A Rebuttal - Dash Nation

http://www.dashnation.com/opinion/amanda-b-johnson-on-bitcoin-uncensored-a-rebuttal/

#DashNation #IoM

I just want to say that the very last point on the collateral of Masternodes, not being at stake to be lost, has nothing to do with how they secure the network. The Number one reason for the collateral is so that no one person can own a majority of Masternodes period. Because of this, any Masternode trying to secure a double spend, or pass on any malicious thing, will be rejected by the network. Statistics of what it would take to, say, gain control (and it would require complete control) of a quorum to manipulate transactions or gather information, are astronomical.

The argument implies that MN owners are trusted to do the right thing to protect their investment. This wouldn't be true if you had the goal of destroying Dash at any cost. What is true is that at astronomical cost, you still couldn't destroy Dash.

TaoOfSaatoshi

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Dash Nation Founder | CATV Host

Ethereum's Fork and Bitcoin's Block Size: Different Dramas, Same Cause | Dash: Detailed

Amanda B. Johnson is back, highlighting the differences between Dash and other coin's experiences with resolving issues:

https://youtu.be/wChCtbSg5DA

Also on Dash Nation:

http://www.dashnation.com/video/eth...ck-size-different-dramas-cause-dash-detailed/

Enjoy.

Solarminer

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Quote from: 110110101 on July 06, 2016, 06:04:38 AM

Quote from: TaoOfSaatoshi on July 06, 2016, 05:10:01 AM

Amanda B. Johnson on Bitcoin Uncensored – A Rebuttal - Dash Nation

http://www.dashnation.com/opinion/amanda-b-johnson-on-bitcoin-uncensored-a-rebuttal/

#DashNation #IoM

I thought the interview was pretty good. Amanda B. Johnson did a lot better than I possibly could have responded Wink

Thanks Tao for posting the rebuttal, it's good to read about some counterclaims in regards to what was stated in the interview. I found the security <-> electricity burning to be interesting as I didn't really see the connection. Sure it costs to produce the hashes and thus making it "expensive" to acquire a 51% attack on the network. But I do think that the 9000 USD/day security claim was a bit exaggerated. If the miner reward is reduced it is not the same as reducing the security for the network, unless they claim that if it is unprofitable to mine, then no one will do so.

We will see how the hashrate changes in 3 days when Bitcoin halves. We should be able to draw a line before the halving and after the having and see a significant drop in hashrate. It might take a month to make all the changes, but it should happen. Yes, the correlation between $ spent on mining is a direct ratio to hashrate. So (relative to market cap) security is lost when some of the reward goes to other uses. But how much is needed to secure the network? Maybe we only need 1%. And adding masternodes and a budget is a far better use and adds security in other ways. $9000/day is related to how much is spent on electricity for miners....not based on how much ASICs will cost to get 51% of the hashrate needed actually perform the attack.

See this thread with some numbers behind it.
https://www.dash.org/forum/threads/amanda-b-johnson-bitcoinuncensored.9652/#post-98872

tungfa

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Dash Spokesman Slams Bitcoin Paying Miners 100% Reward

https://www.cryptocoinsnews.com/dash-bitcoin-miner-rewards/

110110101

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Quote from: TaoOfSaatoshi on July 06, 2016, 05:10:01 AM

Amanda B. Johnson on Bitcoin Uncensored – A Rebuttal - Dash Nation

http://www.dashnation.com/opinion/amanda-b-johnson-on-bitcoin-uncensored-a-rebuttal/

#DashNation #IoM

I thought the interview was pretty good. Amanda B. Johnson did a lot better than I possibly could have responded Wink

Thanks Tao for posting the rebuttal, it's good to read about some counterclaims in regards to what was stated in the interview. I found the security <-> electricity burning to be interesting as I didn't really see the connection. Sure it costs to produce the hashes and thus making it "expensive" to acquire a 51% attack on the network. But I do think that the 9000 USD/day security claim was a bit exaggerated. If the miner reward is reduced it is not the same as reducing the security for the network, unless they claim that if it is unprofitable to mine, then no one will do so.

Otoh

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Just out of curiosity I notice that the ask wall of 0.015 is at $10/DASH with BTC being $666.66 etc (the BTC price atm approx)

TaoOfSaatoshi

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Dash Nation Founder | CATV Host

Amanda B. Johnson on Bitcoin Uncensored – A Rebuttal - Dash Nation

http://www.dashnation.com/opinion/amanda-b-johnson-on-bitcoin-uncensored-a-rebuttal/

#DashNation #IoM

gusterdd

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Quote from: stealth923 on July 05, 2016, 05:56:37 PM

Quote from: kointrend on July 05, 2016, 05:48:05 PM

Quote from: toknormal on July 05, 2016, 05:19:31 PM

Quote from: Otoh on July 05, 2016, 05:04:10 PM

& best of all https://www.youtube.com/watch?v=_O5fdMFKEC0 Grin

LoL ! That video is hilarious.

LoL, para partirse el culo vaya!

BTW : new ATH MNs 3922! Cool

http://178.254.23.111/~pub/masternode_count.png

Whoa that's a big jump. Not far from 4000 now

To be 4000, withdraw coins from poloniex, etc...

About 2500*1000 coins would be out of control.
If you have skill to observe transactions, please check 2500*1000 coins
3900*1000(masternode) + 100*1000(exchange site) = 4000*1000 coins

Otoh

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Quote from: buypal on July 05, 2016, 07:54:40 PM

I want to buy more dash to run more masternode, is it the good time to do so? Huh

http://the-oracle-answers.com/ Cheesy

buypal

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I want to buy more dash to run more masternode, is it the good time to do so? Huh

stealth923

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Quote from: kointrend on July 05, 2016, 05:48:05 PM

Quote from: toknormal on July 05, 2016, 05:19:31 PM

Quote from: Otoh on July 05, 2016, 05:04:10 PM

& best of all https://www.youtube.com/watch?v=_O5fdMFKEC0 Grin

LoL ! That video is hilarious.

LoL, para partirse el culo vaya!

BTW : new ATH MNs 3922! Cool

http://178.254.23.111/~pub/masternode_count.png

Whoa that's a big jump. Not far from 4000 now

kointrend

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Quote from: toknormal on July 05, 2016, 05:19:31 PM

Quote from: Otoh on July 05, 2016, 05:04:10 PM

& best of all https://www.youtube.com/watch?v=_O5fdMFKEC0 Grin

LoL ! That video is hilarious.

LoL, para partirse el culo vaya!

BTW : new ATH MNs 3922! Cool

http://178.254.23.111/~pub/masternode_count.png

Otoh

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& here's one from yesterday, a peek at the NSAero troll factory working overtime

Otoh

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Time for a little off topic maybe

toknormal

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Quote from: Otoh on July 05, 2016, 05:04:10 PM

& best of all https://www.youtube.com/watch?v=_O5fdMFKEC0 Grin

LoL ! That video is hilarious.

I've still got a chunk of Ether. Just decided I'd let it swim or sink with the ship. Pretty huge project to get so crisis-ridden - there are people around who dumped their entire bitcoin holdings to go all in thinking it was going to take over entirely. I even saw some on Zerohedge who had done that.

Otoh

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