Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1255. (Read 9723776 times)

Neither have I.

Yep. It really looks like it's finally happening. We are going to start getting the overflow of crypto traffic. Here's why:

- Blocks are already full (take into account the 700kb mempool limitation for some of the miners)
- Block halving is coming, which will cause lower throughput in blocks, somewhere between 400kb and 760kb*
- Segwit - 2x throughput
- Compressed signature scheme - 2x-5x throughput (I forget the name of this ?)
- 2MB blocksize - 2x throughput  
- 4MB blocksize - 2x throughput
- 8MB blocksize - 2x throughput

All combined we'll have 40x throughput onchain and infinite off-chain, however the tx volume historically has growth 2-3x per year. Can they keep up until lightning is online with wallets? At 2x growth we'll need 8MB throughput at the end of three years (2018). At 3x growth we'll need 27MB throughput... Also consider the fact that hardforks without a governance method take about 1 year to deploy. It's going to be a hard couple years for the Bitcoin project it looks like.

Where's the rest going to go? Fiat?

We also have a governance and budgeting scheme. We're golden to build something much more scalable and decentralized than Bitcoin. I've never been so optimistic than now about our place in the ecosystem. There's only a small percentage that even understands that we've solved all of this already and the information is getting out.

If you build it... they will come.. right?

* If blocks are full and 10% of the miners turn off at the halving, it actually causes theoretical limitation of blocks to be about 10% less each. That creates a backlog, which will cause problems for the network, making it harder to transact on. Thus, that volume will leave the ecosystem. This is why it's so important to have a good difficulty algorithm backing your currency. We are immune to this.

Thin end of the wedge.

Hope DASH will soon grow there to " bitcoin size network" .
Bitcoin is not what it was if you can't move it. Time to move on. Cryptoworld gonna change.

Lots of threads springing up about the new BTC slowness. DASH could benefit from this, but there seems to be an awareness issue. For example:

"Altcoins recommended for payouts
Postby Steve Sokolowski » Mon Feb 29, 2016 10:43 pm
The bitcoin network has maxed out its capacity and, as a result, the transaction we sent this morning to pay users remains unconfirmed after 16 hours."

https://forum.safenetwork.io/t/altcoins-recommended-for-payouts/7554

The poster goes on to list several candidate alt coins, but DASH is not among them (yet).

Now almost 1 day waiting... It is serious now. DASH to fiat ( and reverse ) NOW needed!

What is the estimated delivery schedule?

Yep, that's an obvious scam/trojan:
- unzipped size is 17 Mb and original binaries are 35 Mb.
- there is no way dash-qt can be zipped to 1 Mb, usually zip rate is ~50%
- virustotal (also see "File details" tab there)
  - scam https://www.virustotal.com/ru/file/47e39e990dd24208f08d36a1ef974117084d99daee835a5ae47d836452109948/analysis/
  - original binaries https://www.virustotal.com/ru/file/c0f0dc5d11d726cbd0bf10395e550d0921cac6be136cdbee786027eb0b1b128c/analysis/

Conclusion: DO NOT DOWNLOAD

PS. MCoinDevTeam, it's not even close, you should try harder

Virus total report: https://www.virustotal.com/en/file/47e39e990dd24208f08d36a1ef974117084d99daee835a5ae47d836452109948/analysis/1456832188/

Activity 1 and
dash-qt with 996kb ?

Exmo now Dash #2 Biggest Trading Volume

you could always use your tinfoil hat !
take it off, put it on Pie and done
 
(that what i would do)

I hope there's a physical on/off switch for both. Probably not though as that would add to the manufacturing costs. 

here is one for you guys
 

The Raspberry Pi 3 Adds Built-In Wi-Fi and Bluetooth, Gets a 50% Speed Boost
http://lifehacker.com/the-raspberry-pi-3-adds-built-in-wi-fi-and-bluetooth-g-1761317416?utm_campaign=socialflow_lifehacker_facebook&utm_source=lifehacker_facebook&utm_medium=socialflow

Bitcoin core 0.12 is going to auto-market itself to high fee paying customers.

What will happen is that when the mempool fills up, the lowest fee paying transactions get kicked out and the miner's minimum relay fee parameter self adjusts up the way to match that fee. Pretty neat, except it's kind of Paypal through the backdoor. Not a flat rate, frictionless system anymore.

See "Memory Pool Limiting" paragraph in here.

https://bitcoin.org/en/release/v0.12.0

So maybe Amanda B Johnson just wasn't paying enough fee for her transaction, even though her wallet said the fee was "normal".

This is an interesting point. (40,000 unconfirmeds now. Some people saying that it's only zero fee transactions - paying ones are unaffected by the delay).


http://motherboard.vice.com/read/bitcoin-new-normal-slow-confirmation-block-size-debate

Tataaaa
you said it 

I wonder if the network effect (I mean people used to use Bitcoin) will ever allow any change to this. As far as I see the only crypto actually used for payments today are BTC and LTC. The adoption of all other coins combined is tiny compared to them. Dash looks like the most capable replacement but for some reason it isn't popular. I think more people know about Dogecoin than about Dash.

Well, me too have a transaction that is waiting for confirmation for several hours ! Now that is clear signal to move from bitcoin to something more usable. Hmm DASH or MONERO?
Just kidding :-)

Yes, I managed to get one ordered (fingers crossed)