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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1549. (Read 9723858 times)

legendary
Activity: 3444
Merit: 1061
So now we're resorting to trolling me, really? I lurked BCT long before I registered thank you very much, not that I need prove anything else for that matter.

so you and your circle jerk buddies just lurk there in the dark and...boom suddenly you all registered when darkcoin was released?

c'mon you can do better than that  Wink
legendary
Activity: 3066
Merit: 1188

What happens when 1000 dash costs $1,000,000

Is that supposed to be a criticism ?   Huh

smoothie logic: hey - gold has a high value, thats a "barrier to entry".

It sure is, I'll give you that  Wink
sr. member
Activity: 371
Merit: 250
If the max supply of dash is let's say 25,000,000 (i can't remember the max at it is dependent on difficulty?) that means that the maximum amount of masternodes that could exist is 25,000 using my example cap. I'm pretty sure there are more bank locations than 25,000 world wide.

What happens when 1000 dash costs $1,000,000? Isn't that a problem when you have such a high barrier to entry? It doesn't sound like decentralization but quite the opposite.

It's like the barrier to entry of opening your own bank location (you have to have $X to do so).

If the collateral to run a masternode would be a "higher barrier", because of price, we could reduce the required collateral.
There should be no real disadvantage for the ones who already own a masternode, because they could split their 1000 vin into new masternodes and will get the same share from the block reward as before.
So we could scale to more "locations".
Ofc you could argue that Masternode owners would have to pay more for the network connection/location/traffic/...., but in that case the price of DASH should be assumed higher and so that is not really a problem, because the "return" would also be higher in that case.

Btw if i remember right Evan posted on this some time ago, and his idea was also to lower the collateral in that case of "problem".
legendary
Activity: 3066
Merit: 1188

I'm not sure how Dash is expecting to accomplish this task in a decentralized/private way while still having DATA CENTERS or collocations setup specifically to run masternodes.

Datacentres are actually a damn good place to host masternodes. They sure beat a rickety home PC connected to telephone wires with asymmetric bandwidth.

They power the internet's most heavyweight worldwide demands and are an industrial class host which is what's needed for an industrial class network.

As regards anonymity - Dash uses the CASH monetary model, not the CREDIT one. So it remains anonymous wherever its servers are hosted.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Risto paying you by the post smoothie?

As I said previously. I'm not being paid.

But if you know someone willing to pay me to post here...kindly point me in that direction.

Thanks  Kiss

I like how you guys were going ape-shit in the planning channel on rubycoin getting close to monero on marketcap.

did you end up deciding to FUD ruby in the end?

Not sure what you are talking about ^

Link?  Huh

BTW I'm not part of "you guys"....its just me SMOOTHIE.

Get it right.  Roll Eyes
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Risto paying you by the post smoothie?

As I said previously. I'm not being paid.

But if you know someone willing to pay me to post here...kindly point me in that direction.

Thanks  Kiss
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Empty promises:

The ring signatures V2, has a follow-up post which has been conveniently omitted. V1 didn't have the DarkSend that is now implemented, rather something like 3x10 DRK, one round. It was real-time, in the sense that you had to transact (DarkSending money) as you were mixing.

I wrote something to the effect that ring signatures are DOA / they don't scale, and then Evan thought of another way to improve mixing, and V2 came out with premixing (no need to mix when sending, which improved speed massively as the money were ready to get spent), multiple rounds, various denominations etc.

So people did get a much upgraded V2, although through a different implementation.

Link please to the follow up post.

Also please link me also to the PROOF that ring signatures don't scale.

I want to see actual numbers/math/facts. Not hand waving.

https://bitcointalksearch.org/topic/m.6815040 => "I have 2 possible solutions to evaluate for V2 of darksend (ring signatures and encrypted system where the users themselves do the joining relayed through the masternodes.) . Both of these make the masternodes unaware of who is sending money to whom, so centralization isn't an issue at that point."
https://bitcointalksearch.org/topic/m.6862900
https://bitcointalksearch.org/topic/m.6864666

As for "proof", well Bitcoin as it is can't scale. It'd need petabytes to compete with payment systems like VISA. You think a coin that generates multiple bloat per transaction, can?

It's called pruning.

You can prune the block chain down to a certain subset of transactions and the network of nodes would still function normally.

Perhaps all crypto coins are not attempting to directly compete with VISA/MASTERCARD. I'm guessing that based on your statement that Dash is attempting to compete with VISA etc?

I'm not sure how Dash is expecting to accomplish this task in a decentralized/private way while still having DATA CENTERS or collocations setup specifically to run masternodes.

May as well just use VISA.

If the max supply of dash is let's say 25,000,000 (i can't remember the max at it is dependent on difficulty?) that means that the maximum amount of masternodes that could exist is 25,000 using my example cap. I'm pretty sure there are more bank locations than 25,000 world wide.

What happens when 1000 dash costs $1,000,000? Isn't that a problem when you have such a high barrier to entry? It doesn't sound like decentralization but quite the opposite.

It's like the barrier to entry of opening your own bank location (you have to have $X to do so).
sr. member
Activity: 447
Merit: 250

Trolls appear to be using the Dash thread for company while blind drunk.


LOL! I was thinking the same thing yesterday. I have cringed in the past at some things Dash supporters have said while drunk. At least the cringe-worthy material constantly being posted here is not being posted by Dash supporters at the moment.

Does anyone have a graph showing the correlation between a rise in BTC price and dash thread sore-loser trolling?
legendary
Activity: 3066
Merit: 1188

Trolls appear to be using the Dash thread for company while blind drunk.
legendary
Activity: 1708
Merit: 1049
Empty promises:

The ring signatures V2, has a follow-up post which has been conveniently omitted. V1 didn't have the DarkSend that is now implemented, rather something like 3x10 DRK, one round. It was real-time, in the sense that you had to transact (DarkSending money) as you were mixing.

I wrote something to the effect that ring signatures are DOA / they don't scale, and then Evan thought of another way to improve mixing, and V2 came out with premixing (no need to mix when sending, which improved speed massively as the money were ready to get spent), multiple rounds, various denominations etc.

So people did get a much upgraded V2, although through a different implementation.

Link please to the follow up post.

Also please link me also to the PROOF that ring signatures don't scale.

I want to see actual numbers/math/facts. Not hand waving.

https://bitcointalksearch.org/topic/m.6815040 => "I have 2 possible solutions to evaluate for V2 of darksend (ring signatures and encrypted system where the users themselves do the joining relayed through the masternodes.) . Both of these make the masternodes unaware of who is sending money to whom, so centralization isn't an issue at that point."
https://bitcointalksearch.org/topic/m.6862900
https://bitcointalksearch.org/topic/m.6864666

As for "proof", well Bitcoin as it is can't scale. It'd need petabytes to compete with payment systems like VISA. You think a coin that generates multiple bloat per transaction, can?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Buying some DAShcoin. Expecting double value a week or two

Will revisit this prediction in a week or two on this Dash price topic.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
This deserves a repost  Cheesy


legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Most the trolls here are clearly paid watch the sell wall on poloniex.com for dash, whenever they make a move and push the peddle on the down pressure you can be sure the trolls will turn up in droves every time... coincidence i highly doubt it!!

Please point me to the anti-dash campaign manager THREAD in which I can collect my PAY for all the posting I've done in this thread.

To date I've been paid: $0, 0BTC, 0DASH, 0XMR, 0 of everything else.

Thanks
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Empty promises:

The ring signatures V2, has a follow-up post which has been conveniently omitted. V1 didn't have the DarkSend that is now implemented, rather something like 3x10 DRK, one round. It was real-time, in the sense that you had to transact (DarkSending money) as you were mixing.

I wrote something to the effect that ring signatures are DOA / they don't scale, and then Evan thought of another way to improve mixing, and V2 came out with premixing (no need to mix when sending, which improved speed massively as the money were ready to get spent), multiple rounds, various denominations etc.

So people did get a much upgraded V2, although through a different implementation.

Link please to the follow up post.

Also please link me also to the PROOF that ring signatures don't scale.

I want to see actual numbers/math/facts. Not hand waving.

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper

Many said Butterfly Labs was successful...so they said the same about MTGOX.

LoL  w.t.f. are you talking about ?

If it wasn't for the fact that Dash is a public blockchain - unlike that decentralised bookkeeping system you like to claim is 'money' - nobody would even know about its history.

As it is, it's been scrutinised down to the last transaction which blows your point slightly to kingdom come along with the idea that publicly accessible blockchain analysis isn't important in crypto.


I'll let one of your previous core people debunk your entire statement above:

darkcoin is not decentralized as it still relies on a single person. and this reaches deep into the code base.

 Roll Eyes

MTGOX/BFL = Not decentralized

DASH/Darkcoin = Not decentralized

Get a clue .
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Empty promises:

Everyone is free to make their own decisions. Ignore me if you disagree.

I think there are plenty of warnings regarding the DASH instamine and other red flags in the alt coin section already.  Some people make assumptions about coin popularity based on the length of their announcement thread (although this is often a bad assumption).  Why not keep our criticisms about DASH in the alt coin section devoted to those topics and ignore their announcement thread? I estimate that their announcement thread is at least 1 or 2 thousand pages longer than it should be because of people posting about their instamine and other problems.

I actually have doubts that the DASH community is larger than Monero but the length of their announcement thread gives that impressive. Our Reddit page for example is more active than theirs. Some of you may have noticed that r/dashpay recently decreased from 5000 readers to about 1100 (I suspect many of their fake readers were deleted). As much as the DASH community complains I think they actually like Monero supporters posting in the DASH announcement thread to make it longer. I propose we stop posting their and post in the topics already started to discuss specific topics (instamine, lack of masternode mode blinding, mining rewards, sporks etc.) instead.


Although unprofessional behaviour by other Crypto-Currency devs,  thanks for funding the promotion of DASH... We would like to thank you for keeping us top of mind on this forum. As the saying goes... There is no bad publicity!  Thanks...

Please share your thoughts.

Agreed. I'm going to stop posting about DASH already.

Yeah now did I give a timeline for how long I will stop posting about DASH? If you noticed I never specified a time frame. So to you you can speculate on how long I was referring to when I posted that.

Aha nice try buddy.

Still trying to throw anything shit-wise to make it stick to the wall?

Try again.  Tongue
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper

smoothie -

Dash is a successful, innovative project. Live with it. You'll save on keyboard wear, blood pressure cuffs and barrel scraping effort in trying to recycle the dregs of last year's fud.

I'm sure 2016 will bring some fertile ground for you  Wink

(Thanks in advance)

Why do you presume I need "fertile ground"?

I'm pretty fine where I'm at now.

I just don't like scamcoins being sold as something it is not. But if it makes you feel better to condescend...condescend on!  Kiss
full member
Activity: 494
Merit: 100
Buying some DAShcoin. Expecting double value a week or two
legendary
Activity: 1442
Merit: 1018
So now we're resorting to trolling me, really? I lurked BCT long before I registered thank you very much, not that I need prove anything else for that matter.
hero member
Activity: 588
Merit: 500


And for something totally different... Im starting my level 3 WSET Wine course.   I've been doing both WSET and the Court of Master Sommeliers schools.  Have you seen the second SOMM movie?
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