[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1157.

VeritasSapere

hero member

Activity: 546

Merit: 500

Quote from: BrainShutdown on April 18, 2016, 04:01:07 PM

Quote from: ddink7 on April 18, 2016, 03:04:22 PM

Quote from: VeritasSapere on April 18, 2016, 02:29:17 PM

however it would be wrong to unnecessarily restrict the capacity of any blockchain in order to favor off chain solutions. Which is what is currently happening to Bitcoin.

I think this is the crux of the problem...Core won't let Bitcoin scale even slightly, because then LN would be a little bit less necessary. Maybe in time something better than LN would be discovered, which would bankrupt Blockstream.

From the sound of it, the whole thing is simply designed to enrich Blockstream, and miners will do nothing about it. But that's the problem I guess--all power is in the hands of the miners, which is an incredibly stupid way to build a decentralized currency.

Exactly! Some say Bitcoin is decentralized but it really isn't. There's only one possible centralization vector in 1st generation coins like Bitcoin, which deposit the decentralization hopes on POW and Moore's law and that's mining. Clearly it's a lost battle already when a handfull of people decide the majority mining software.
Talk about Bilderberg and Rotchilds... lol they're more decentralized than Bitcoin... there are competing factions within those groups Roll Eyes

I am not not sure how this will play out. The theory behind POW governance is good and could still work, however this is a unprecedented test of decentralized governance. Mining in Bitcoin is not necessarily as centralized as some people might think it is. Especially if we consider the pools to be like a form of representative democracy for the miners. However if it turns out that the governance mechanisms within Bitcoin are fundamentally flawed, I would consider Dash to be the most likely cryptocurrency that has solved these problems of decentralized governance, through the implementation of a self funding blockchain combined with collateralized and incentivized voting full nodes.

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: jioy on April 19, 2016, 11:57:46 AM

How long does it usually take for a masternode to register a restart on the hot side?

Dashwhale should show it rather fast, Dashninja works a bit more slowly. If however the masternode has been disconnected too long
then it will need a restart from cold wallet as well with command "masternode start yourownpassphrase".

with following command you can check on hot wallet if its enabled : ./dash-cli masternodelist full | grep -e IPADDRESS
if it says "ENABLED" your good to go.

jioy

hero member

Activity: 574

Merit: 500

How long does it usually take for a masternode to register a restart on the hot side?

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: Turing on April 19, 2016, 11:47:48 AM

is 12.0.55 still the latest Dash release?
or is the OP outdated?

version 12.0.56 is latest version (see https://dashninja.pl) but a lot of people are running very stable with 12.0.55
and choose not to upgrade (its just a version change, not a protocol change) which explains why there is almost a
50/50% split on our network between people using version 12.0.55 & 12.0.56

I agree our OP (first page) should be updated to refer to 12.0.56 as latest update.

Turing

sr. member

Activity: 994

Merit: 277

is 12.0.55 still the latest Dash release?
or is the OP outdated?

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: ?? on ??

Quote from: BitWater on April 18, 2016, 01:49:06 PM

Quote from: stan.distortion on April 18, 2016, 01:25:04 PM

Quote from: BitWater on April 18, 2016, 01:19:36 PM

My next question would be what is your favorate DGBB voting tool? I have tried it in the core wallet, and its fairly tedious. I hear good things about dashwhale.

I don't use it but it's a great service, never heard a complaint about them. Kind of hoping they put in another budget proposal sometime, their first failed not long after they started but they've proven themselves a service to the community at this stage.

It was a shame that it was voted down. If we masternode operators are supposed to be able to say yay nor nay, making the voting process easier will guarantee more votes, instead of having to put together the hash vote yay for every single item.

I also think voting could be increased if it would be more comfortable. I was thinking about writing a script for this purpose - but did not start yet and i am not sure if it will be good on the console (without a gui)

Nice thing is that we do not need the hot-wallet for voting, can vote directly on the running masternode.

Question about dash-whale: People have to send them their private key? Or how does it work?

Its the privkey of your masternode, not of your Dash wallet and will therefore not contain any coins.

https://dashtalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/

masternode genkey : creates your masternode privkey
getaccountaddress 0 : creates your masternode pubkey

Dashwhale will encrypt your masternode privkey for use on their website so you can vote with it there.

Taylor05

sr. member

Activity: 265

Merit: 250

Quote from: coaex on April 19, 2016, 03:06:00 AM

Hello,

We have a few questions for DASH community members. We will be glad if you could answer these questions. This will also help us to shape our investment plans for the future.
Why DASH difficulty hasn't increased for the past few months while x11 ASICs are being released?
Is this because of a preference of miners that use these devices for mining other x11 cryptocoins? Do you think that renting x11 hash power more profitable instead of mining DASH?
What could be expected for other x11 cryptocoins regarding their difficulty, price level, merged mining options, etc?

Regards,
Coaex Precious Metals founder

Any answer you receive will be speculative, but I do have some theories. It could simply be that GPU miners are turning off their machines upon learning that ASICs are released (e.g., assuming that ASICs would make them unprofitable). It is counter-intuitive that the hash rate has been dropping in the context of higher price for Dash and the release of ASICs. If GPU capacity is migrating away from X11 faster than ASIC capacity is brought online.

Longer term, I would expect the arrival of ASICs will have to increase the difficulty of all X11 coins, once their capacity exceeds the previous X11 GPU capacity. They are simply more efficient, so the equilibrium hashing power must be higher.

BitWater

member

Activity: 402

Merit: 10

Quote from: coaex on April 19, 2016, 03:06:00 AM

Hello,

We have a few questions for DASH community members. We will be glad if you could answer these questions. This will also help us to shape our investment plans for the future.
Why DASH difficulty hasn't increased for the past few months while x11 ASICs are being released?
Is this because of a preference of miners that use these devices for mining other x11 cryptocoins? Do you think that renting x11 hash power more profitable instead of mining DASH?
What could be expected for other x11 cryptocoins regarding their difficulty, price level, merged mining options, etc?

Regards,
Coaex Precious Metals founder

Nicehash is where most of the asics have shown up. And it's for X11 not specifically Dash.

Minotaur26

legendary

Activity: 1092

Merit: 1000

Quote from: alex-ru on April 19, 2016, 04:42:57 AM

I've produced a big update (+ 100 new pictures!!!) of Alex-ru: DASH photo-bank (unofficial)

I hope they will inspire you to create more articles, presentations, videos, ... about Dash!

(you can always ask me for custom sizes, inscriptions and source images)

Great! I am going to get some t-shirts printed with these.

TaoOfSaatoshi

legendary

Activity: 2156

Merit: 1014

Dash Nation Founder | CATV Host

Quote from: alex-ru on April 19, 2016, 04:42:57 AM

I've produced a big update (+ 100 new pictures!!!) of Alex-ru: DASH photo-bank (unofficial)

I hope they will inspire you to create more articles, presentations, videos, ... about Dash!

(you can always ask me for custom sizes, inscriptions and source images)

Cool. I'm going to quote you on the progress thread. Great work!

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: alex-ru on April 19, 2016, 04:42:57 AM

I've produced a big update (+ 100 new pictures!!!) of Alex-ru: DASH photo-bank (unofficial)

That is incredible.

You must've been working for weeks on those.

alex-ru

legendary

Activity: 1204

Merit: 1010

I've produced a big update (+ 100 new pictures!!!) of Alex-ru: DASH photo-bank (unofficial)

I hope they will inspire you to create more articles, presentations, videos, ... about Dash!

(you can always ask me for custom sizes, inscriptions and source images)

TaoOfSaatoshi

legendary

Activity: 2156

Merit: 1014

Dash Nation Founder | CATV Host

Quote from: coaex on April 19, 2016, 03:06:00 AM

Hello,

We have a few questions for DASH community members. We will be glad if you could answer these questions. This will also help us to shape our investment plans for the future.
Why DASH difficulty hasn't increased for the past few months while x11 ASICs are being released?
Is this because of a preference of miners that use these devices for mining other x11 cryptocoins? Do you think that renting x11 hash power more profitable instead of mining DASH?
What could be expected for other x11 cryptocoins regarding their difficulty, price level, merged mining options, etc?

Regards,
Coaex Precious Metals founder

I've heard, although I'm certainly not an expert, that other x-11 coins are more profitable to mine ATM.

coaex

hero member

Activity: 616

Merit: 503

@coaex - LBMA certified Gold & Silver

Hello,

We have a few questions for DASH community members. We will be glad if you could answer these questions. This will also help us to shape our investment plans for the future.
Why DASH difficulty hasn't increased for the past few months while x11 ASICs are being released?
Is this because of a preference of miners that use these devices for mining other x11 cryptocoins? Do you think that renting x11 hash power more profitable instead of mining DASH?
What could be expected for other x11 cryptocoins regarding their difficulty, price level, merged mining options, etc?

Regards,
Coaex Precious Metals founder

Taylor05

sr. member

Activity: 265

Merit: 250

First Quarter 2016 Expense Report

https://dashtalk.org/threads/first-quarter-2016-expense-report.8691/

tungfa

legendary

Activity: 1834

Merit: 1023

Renovated with New Soundtrack
Wink

https://youtu.be/PvaTUkfQqdk?list=PL_g4JqfANEpOe5z6MWmKfQft3atV4nFfm

https://youtu.be/g_MesS75qfM?list=PL_g4JqfANEpOe5z6MWmKfQft3atV4nFfm

BrainShutdown

legendary

Activity: 1052

Merit: 1004

Quote from: moocowmoo on April 18, 2016, 04:20:19 PM

Quote from: BitWater on April 18, 2016, 01:19:36 PM

My next question would be what is your favorate DGBB voting tool? I have tried it in the core wallet, and its fairly tedious. I hear good things about dashwhale.

I built 'dashvote' into 'dashman' for linux users.
You can use any wallet (even without funds), just copy your masternode.conf over before launching dashd.

see: https://github.com/moocowmoo/dashman#vote

email me if you need assistance: [email protected]

I only use dashman in a VPS with no relation to my funds whatsoever, it's an awesome piece of software really Grin

Voting is trivial for linux users thanks to moocowmoo! No excuses!

moocowmoo

sr. member

Activity: 263

Merit: 250

bovine quadruped, professional loafer, dash dev

Quote from: BitWater on April 18, 2016, 01:19:36 PM

My next question would be what is your favorate DGBB voting tool? I have tried it in the core wallet, and its fairly tedious. I hear good things about dashwhale.

I built 'dashvote' into 'dashman' for linux users.
You can use any wallet (even without funds), just copy your masternode.conf over before launching dashd.

see: https://github.com/moocowmoo/dashman#vote

email me if you need assistance: [email protected]

BrainShutdown

legendary

Activity: 1052

Merit: 1004

Quote from: ddink7 on April 18, 2016, 03:04:22 PM

Quote from: VeritasSapere on April 18, 2016, 02:29:17 PM

however it would be wrong to unnecessarily restrict the capacity of any blockchain in order to favor off chain solutions. Which is what is currently happening to Bitcoin.

I think this is the crux of the problem...Core won't let Bitcoin scale even slightly, because then LN would be a little bit less necessary. Maybe in time something better than LN would be discovered, which would bankrupt Blockstream.

From the sound of it, the whole thing is simply designed to enrich Blockstream, and miners will do nothing about it. But that's the problem I guess--all power is in the hands of the miners, which is an incredibly stupid way to build a decentralized currency.

Exactly! Some say Bitcoin is decentralized but it really isn't. There's only one possible centralization vector in 1st generation coins like Bitcoin, which deposit the decentralization hopes on POW and Moore's law and that's mining. Clearly it's a lost battle already when a handfull of people decide the majority mining software.
Talk about Bilderberg and Rotchilds... lol they're more decentralized than Bitcoin... there are competing factions within those groups Roll Eyes

ddink7

legendary

Activity: 1120

Merit: 1000

Quote from: VeritasSapere on April 18, 2016, 02:29:17 PM

however it would be wrong to unnecessarily restrict the capacity of any blockchain in order to favor off chain solutions. Which is what is currently happening to Bitcoin.

I think this is the crux of the problem...Core won't let Bitcoin scale even slightly, because then LN would be a little bit less necessary. Maybe in time something better than LN would be discovered, which would bankrupt Blockstream.

From the sound of it, the whole thing is simply designed to enrich Blockstream, and miners will do nothing about it. But that's the problem I guess--all power is in the hands of the miners, which is an incredibly stupid way to build a decentralized currency.

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1157. (Read 9723748 times)