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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1577. (Read 9723858 times)

legendary
Activity: 1260
Merit: 1001
I debate the "perfect" in your second assertion. It depends on MNs, which I think we can all agree are MOSTLY hosted in the US. If DASH becomes a problem for the government, i.e. they can't tell where transactions are going or coming from, they will issue a few national security letters and get root on most MNs, making it game over.

This is my only real problem with DASH that hasn't been refuted - the fact that it depends on PEOPLE running servers, not cryptography, to ensure privacy.

Actually, if you look here: http://178.254.18.153/~pub/Dash/Masternodes_Map.html  you will see that most of the MNs are in Europe Asia and Russia.  Actually, the distribution is great in the Northern Hemisphere, and could use a bit more in the Southern, yet still, very well distributed.  And the fact that one needs over 90% of the network to hope to decipher any information that's well hidden with 8 rounds of DS, you can see there is no way any single government could possibly do it.  Even North America  + Europe + Australia isn't enough.  I'd say there is very little hope for Governments to do this, ever.

It's just a matter of how much you want to mix.

Can you imagine the trouble the governments have to go through to access so many servers?  They can't just do that, at least in the USA.  They have to have a warrant.  If they can't show they'll get more than a 1% chance of real information from a random mix/transaction (not even the transactions they're looking for) they won't even be allowed to try.

Also, unless the MN is malicious, and recording mixings, there would be nothing to find.

I feel like this wasn't read?
legendary
Activity: 3066
Merit: 1188

Remember, I'm not worried about Amazon going DOWN. I'm worried about them being forced to give access to the government.

You mean that they're forced to divulge the names and addresses of account holders who run nodes in order to prosecute them ? (In the event that blockchains are made illegal)
legendary
Activity: 3066
Merit: 1188
1 is false. It's not equally as decentralized because you need a public IP address. People are using shit like Vultr to run their MNs, not running them from their houses.

Well, first I'd say we have to note that decentralised logic and decentralised hosting are two concepts which have nothing to do with each other.

I agree that - from a network redundancy point of view - a greater level of hosting redundancy is achieved if there are fewer co-hosted clusters. For example if half the nodes in the world are hosted on Amazon and the Amazon's entire service goes down across the board, then that will take out half the nodes until such time as their holders get them back up somewhere else.

But remember the masternode's existence is not particularly dependent on the host, it is dependent on the collateral address. A 'downed' host cannot knock out a masternode for any significant length of time because it only hosts an "instance" of the masternode and it can be "re-instanciated" anywhere, anytime.

Apart from that, it's just a consequence of decentralisation and something that affects all nodes in all currencies. There's also an ongoing debate about mining centralisation to boot. I'd say that the fact that this project has managed to meet the challenge of decentralising an articulated protocol logic in the first place far outweighs any host clustering issues which we would have had anyway with so called 'full nodes'.

2 is correct, but funny. It's totally okay to have an insecure system if it makes you money?

I'm not saying it's "ok" or "not ok", it's just a fact of life that most assets can be bought and the more money a purchaser has the more they can buy of it. It's not a democracy.

I always speculated that if I had limitless funds and wanted to destroy bitcoin, I would do this:

[1] - periodically start massive bull runs that push the price up to kingdom come over a period of a few weeks

[2] - start dumping and scare the hell out of the traders, collecting everything that gets dumped on the way down

[3] - allow the asset to continue to loose value on very low volume until it had 'washed out' all the sellers

[4] - start selling on larger volume to cause another 'scare' at the bottom

[5] - repeat from [1]

Various questions arise from that scenario which I haven't really answered like can you destroy the market when only a tiny portion of the entire coin supply is ever on exchanges, can you acquire a majority of the coin supply by doing this, what would be the use of doing that, etc etc.

legendary
Activity: 1030
Merit: 1006
1 is false. It's not equally as decentralized because you need a public IP address. People are using shit like Vultr to run their MNs, not running them from their houses.
Not everyone Wolf, I have a windows remote machine physically located at a business address that has a 1 gigabit connection speed.
Fair, but would you say most are like you?
Not sure it matters atm because the network is somewhat under used in my opinion, so we have capacity to spare.
http://178.254.18.153/~pub/Darkcoin/masternode_locations.html
Exactly it is not good idea to run MN from house...And again spread is pretty nice. And yes many are on Vultr and amazon but that is just part of them, we can discuss is it glass half empty or half full
sr. member
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
1 is false. It's not equally as decentralized because you need a public IP address. People are using shit like Vultr to run their MNs, not running them from their houses.
Not everyone Wolf, I have a windows remote machine physically located at a business address that has a 1 gigabit connection speed.
Fair, but would you say most are like you?
Not sure it matters atm because the network is somewhat under used in my opinion, so we have capacity to spare.
http://178.254.18.153/~pub/Darkcoin/masternode_locations.html
sr. member
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
...Time to open a beer   Cheesy Wink or two...
Sweet
And almost perfect english for someone speaking a second language  Smiley
sr. member
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
1 is false. It's not equally as decentralized because you need a public IP address. People are using shit like Vultr to run their MNs, not running them from their houses.
Not everyone Wolf, I have a windows remote machine physically located at a business address that has a 1 gigabit connection speed.
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
I'm pretty sure the masternode PoS rewards .......... was much higher when the number of masternodes was lower.
Smooth I don`t quote you almost never but I did some maths yesterday.
What I did is simply got the sum of last 365 days of MN earnings which brought me ~ 17,5% of ROI.
I did the maths for a nodes which were funded at the beggining of MN existence and they got ~ 22% of ROI
I agree and true is that the early nodes got a bit more, consider that there was lower security of the 1000s, as they only got paid when the coins were exposed on the network on the HOT wallet (we had an exaple people loosing their coins by not knowing "how to", but they were more centralised too IMO, after a year and a half of changing hands the coins are more decentralised and the network is healthier now.
I wish I was there mining Xcoin in early days, was only following a bit the thread but each of us had the same chances, the difference is that we choose something else instead of actual DASH.
I mined LTB and AIR and earned some btc too which is already in a MNs Wink
Who knew about the masternode network will be created, who knew IX would be created, who knew darksend would be created and you know what, the Evolution with DAPI will be live too.
If you knew all that thing I bet you`d be buying as creazy, so would I no?
The priorities drive our lives and we choose which way to go...
Have a nice weekend guys!
Time to open a beer   Cheesy Wink or two...
legendary
Activity: 2968
Merit: 1198
my problem with the cloak instamine was that they mined the total initial coin supply (4.5m) in 7 days and went to a highly inflationary 6% POS reward. this unfairly gave all the coins that could ever be mined to a very small group of people who then staked it @ a whooping 6% and controlled the supply. i knew that type of distribution model was doomed to fail.

I'm pretty sure the masternode PoS rewards rate is higher than 6% and certainly was much higher when the number of masternodes was lower.

legendary
Activity: 910
Merit: 1000
I'm going to leave this here.  Grin

I personally won't buy cloak because of the 7 day proof of work instamine.

LOL ^. But maybe to them it was a "FEATURE" hahaha


I guess instamining Dash in 2-3 days is GOOD....

than instamining Cloak for 7 days which is BAD  Cheesy

lol, boy you're wasting lots of time and digging deep aren't you. i made pretty good call on avoiding cloak yes i know thank you. i warned people about xc too and now monero these days.

my problem with the cloak instamine was that they mined the total initial coin supply (4.5m) in 7 days and went to a highly inflationary 6% POS reward. this unfairly gave all the coins that could ever be mined to a very small group of people who then staked it @ a whooping 6% and controlled the supply. i knew that type of distribution model was doomed to fail.

 i feel the same way about the highly inflationary monero emission curve where ~ half the coins were mined in the first year and will have "Roughly 86% mined in 4 years".
bitcoin is almost 7 years old and only has 75% mined. and the btc block reward is fixin to half and it will take them another 4+ years to get to monero's 86%.
so it will take btc (& ltc) ~11+ years to get to ~86% and monero only 4 years. it will probably take dash another 20 years to get to 86%.

here's more of what i said about cloak around that time...
"Cloakcoin had a failed Ninja launch with a 7 day pow 4.5 million coin instamine that has a 6% pos inflation issue. it's also a self-moderated thread that has been censored to cover up launch issues."

reminds me of the monero launch issues and purposely confusing multiple threads started in the wrong place by a admitted scam dev pushing a crippled miner. a dev that is probably still involved but with a new anon nick like smooth or smothie or fluffy, who knows.

Hmmm...yes, I think Blackcoin did something similarly dodgy as well
legendary
Activity: 1182
Merit: 1000
I'm going to leave this here.  Grin

I personally won't buy cloak because of the 7 day proof of work instamine.

LOL ^. But maybe to them it was a "FEATURE" hahaha


I guess instamining Dash in 2-3 days is GOOD....

than instamining Cloak for 7 days which is BAD  Cheesy

lol, boy you're wasting lots of time and digging deep aren't you. i made pretty good call on avoiding cloak yes i know thank you. i warned people about xc too and now monero these days.

my problem with the cloak instamine was that they mined the total initial coin supply (4.5m) in 7 days and went to a highly inflationary 6% POS reward. this unfairly gave all the coins that could ever be mined to a very small group of people who then staked it @ a whooping 6% and controlled the supply. i knew that type of distribution model was doomed to fail.

 i feel the same way about the highly inflationary monero emission curve where ~ half the coins were mined in the first year and will have "Roughly 86% mined in 4 years".
bitcoin is almost 7 years old and only has 75% mined. and the btc block reward is fixin to half and it will take them another 4+ years to get to monero's 86%.
so it will take btc (& ltc) ~11+ years to get to ~86% and monero only 4 years. it will probably take dash another 20 years to get to 86%.

here's more of what i said about cloak around that time...
"Cloakcoin had a failed Ninja launch with a 7 day pow 4.5 million coin instamine that has a 6% pos inflation issue. it's also a self-moderated thread that has been censored to cover up launch issues."

reminds me of the monero launch issues and purposely confusing multiple threads started in the wrong place by a admitted scam dev pushing a crippled miner. a dev that is probably still involved but with a new anon nick like smooth or smothie or fluffy, who knows.
sr. member
Activity: 317
Merit: 1012

Nice Move~!

Looking forword to the Andriod version.

Congrats from China~!


Sorry... But I didn't find a response to my earlier query... If there was/is a similar wallet available now for Android?

It's a different DASH wallet for Android, but it's also good enough:

https://play.google.com/store/apps/details?id=hashengineering.darkcoin.wallet



As far as I know Breadwallet is iPhone only, it'd be nice to have a glitsy Android wallet too but hashengineerings one works well. Both might be old-hat soon enough anyway. DAPI, No need to download an app, just browse and go Wink
hero member
Activity: 724
Merit: 500
It's obviously that trolls are getting crazy and nervous about the new achievements in Dash development. And they scared about the huge potential about Dash in future.
So They distort the facts, spead the lies and bicker. Although many my Chinese fellows, unlike me who willing to type some words in this thread, they just stay silence and enjoy to see the trolls struggle for their own "investment" which they know well that it will be doomed at the end. So they(The trolls) try their best to seduce ppl to invest in some trash which they hope that would save themselves. Nice try~

As the fundamentals of the Dash become more clear, we, will invest more in Dash~

Edit:

one of my fellow told me that someone doubt my nationality in my last post. Sorry for the late reply, because You are in my ingnored list

Here is the word for you: 天作孽,尤可赎;自作孽,不可活~


raico the liar lying about being chinese again lol.. you must be one of the core team puppets

"maybe if they think china is buying it will save our dying scam"

Dash Sad
member
Activity: 95
Merit: 10
Windows 10 universal app wallet - is this being developed?

-samsunk
legendary
Activity: 3066
Merit: 1188

my trolling's getting buried, need to queue-jump

Bags getting heavy ?
sr. member
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
The wallet is available on another market like aptoïde ?
It is possible to use search phrase "dash wallet" in any market.
This is what I found: http://m.greenraccoon23.store.aptoide.com/app/market/hashengineering.darkcoin.wallet/40021/10562492/Dash+Wallet
But I don know if it's original or fake...
I always get the latest straight from the magic of github,
https://github.com/HashEngineering/darkcoin-wallet/releases
full member
Activity: 210
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
Darkcoin Price Skyrockets on Eve of Masternode Launch
As long as the rate is continually increasing, people are typically content to preserve their holdings as well as view the appreciate of their financial investments rise. When the cost quits increasing, people end up being anxious and also market their holdings to make certain they gather a …
https://www.cryptocoinsnews.com/darkcoin-price-skyrockets-eve-masternode-launch/
legendary
Activity: 1204
Merit: 1010
The wallet is available on another market like aptoïde ?

It is possible to use search phrase "dash wallet" in any market.

This is what I found: http://m.greenraccoon23.store.aptoide.com/app/market/hashengineering.darkcoin.wallet/40021/10562492/Dash+Wallet

But I don know if it's original or fake...
hero member
Activity: 924
Merit: 520
DASH will not be destroyed by mere trolling or negative comments. I think and I believe that DASH has genuine innovations unparalleled in the crypto world; coupled with an active DEV who knows what he is doing. DASH does promote insecurities to other alt coins.IMHO Smiley
hero member
Activity: 616
Merit: 501
The wallet is available on another market like aptoïde ?
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