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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1644. (Read 9723926 times)

legendary
Activity: 1120
Merit: 1000
We wouldn't if you didn't sometimes come across like such a Doos. Ek speel maar net.

lol, net 'n grappie, ne?

That said what would be the benefit of Evan putting malicious code into his project? Or anyone else from the dev team? Also as they can be rolled back by other members of the team any such theoretical attack from within could hopefully be negated?

Speaking purely hypothetically? The benefit would be when he's cashing out and he needs one-last-pump.

BTW: the effects of the backdoor can be observed in both cases when it is used, and not any earlier. So there is really no difference in that regard. The forking is of course possible, but that is easily observable, too, or am I missing something?

Well, imagine he obfuscates the code such that it only activates on a successful deactivation of an existing spork. Then it lies dormant until he reaches out and touches every node with His Noodly Appendage.

Wrong.

The spork is merely a secondary lever, not a magical "activate terrible code"-button. A malicious Monero developer for example could implement "underhanded code" into your official GUI-wallet release (you know, in 2045 or so when it's finished) with the simple instruction of having it activate when certain conditions are met, like a date, a block height, a difficulty level, even a certain transaction amount or a combination of any of these conditions. Heck, for all I care he could program his own spork as underhanded code into your release and create the same exact scenario you just tried to reduce onto DASH.

As you can see, your central argument has been easily refuted, making Dash just as vulnerable to that method as any other crypto. Not more, as you tried to construct. Nice try though.

The majority of those conditions (dates, block heights, difficulty levels, transaction amounts) would be easily visible even in heavily obfuscated code. Furthermore, activating at any of those junctures may be sub-optimal for our hypothetical malicious dev's needs. Being able to trigger at point-in-time is incredibly, incredibly powerful (in the negative sense).

Anyhow, this has been an interesting conversation, and I've appreciated the more mature responses from toknormal et al., but I think it's best to shake virtual hands and move on. Cheers:)

I'd like to thank you for your intelligent discussion and lack of trolliness. Those of us who believe in the future of Dash would be wise to remember that many of our most important features have come from Evan reading well-written critiques and making the necessary changes.

I'd like to ask a couple of questions of you:

a) Your point on obfuscated code is well-taken. I do understand the power of a "trigger" like the spork command and how the ability to perfectly time a hypothetical attack could be extremely useful. However, what prevents any cryptocurrency developer from putting secret/obfuscated spork-like code in their software? Couldn't Monero devs theoretically put a trigger command in their code and then hide it really well? Then when a dev sends a certain message the the network, the code would activate?

b) I know there have been crypto devs that have been caught with "secret" superblocks built into their currency. What is to prevent Monero from doing such a thing, only more cleverly? I realize that it would be harder to hide, but could it not be done?

c) I would like to point out that Dash underwent a security audit last year, and while much has changed since then, I feel certain that Kristov would have looked at the spork code. Though he is human and could have missed something, shouldn't that give a little extra reassurance versus a currency that has never been security-audited by a third party?

d) All software is a risk--many of us have been following the story of how Symantec managed to lose control of thousands of security certificates to employees who may have either been overzealous testers, or who may have been outright rogues. When we run any software, don't we accept those risks? Isn't an open source project like Dash significantly less risky than a closed source project like Windows?

e) Once the rapid development phase winds down, Evan will remove the spork and that risk will go away. If for some reason he was to refuse to remove the spork after rapid development, the project could be forked away from his control.

Frankly, I feel like a psychic. The instamine issue is just too unimportant for anyone to give a shit about. I had a feeling that the next "point of criticism" was going to be the spork code. Let's look at the history of criticism against Dash (I won't say trolling, because your posts very distinctly rise above that level):

1) Criticism: Darksend is based on CoinJoin, which has been shown to be weak.
*Corrective Action: Darksend has been improved drastically over the last year, with issues such as "dead change" resolved to everybody's satisfaction. Darksend has been security audited by Kristov Atlas and passed.

2) Criticism: Dash's masternodes are centralized.
*Corrective Action: The number of masternodes has increased from 600 to 3300; even a wealthy man like Otoh can't afford anything close to a majority of them.

3) Criticism: Evan runs a reference node to equalize masternode payment across the network. This is centralization.
*Corrective Action: The reference node was removed in v12. This really sent the trolls into a tailspin.

4) Criticism: Dash is instamined.
*Corrective Action: Evan has been very open and honest about those first few days, and the situation has been thoroughly explained. Honestly, most people don't really give a shit. All corporations endow their creators with equity, so if Evan got a few extra coins in the beginning, so much the better. The more Dash he holds, the greater his incentive to make his Dash move valuable by furthering development.

5) Criticism: The spork creates centralization risk.
*Corrective Action: A clear explanation of the what the spork does and does not do; an intelligent discussion about the risks inherent in any software, and how open-sourcing and security-auditing helps mitigate those risks.

The great thing is that every time critics bring up a problem, it gets fixed. Our critics in many ways are our greatest strength.

My wife really hates a particular store here in town. I kind of do too, although not quite as vehemently as she does. Let's say that she sees that store is doing something wrong, and so she complains about it. That's the worst possible thing she can do, if she wants this store to "suffer" in the long run. Why? Because by pointing out an organization's weaknesses, you give it a chance to improve itself.

For any true trolls out there who really want to see Dash fail, you should know that your constant discussion of Dash's weaknesses ultimately only strengthens the project.
sr. member
Activity: 283
Merit: 250
Best IoT Platform Based on Blockchain
The great thing about DASH is that it's the topic on everyone's minds. 

All right
I´ll let you know what dnaleor thinks about it (will just copy him this conversation).
kk
Btw, if I may ask, how are the performance issues proceeding? (This is regarding your post on reddit)
it's going
that's NoodleDoodle's domain right now
and he's made excellent progress
hard to tell when he'll be done
Nice to hear, let him take his time :-P
I rather have something right than a network split a few days after the release of the tagged version :p
agreed
this isn't Dash with "sporks"
I still don´t get the spork thing :p
Do you perhaps know what it exactly is?
It atleast isn´t decentralized
basically he wraps new code into a little block
and then he can use Bitcoin's alerting system to enable / disable it
So if he turns malicious one day they are basically fucked?
yes
Or under a gag order or whatever
That´s kinda scary
he can leave some dormant code in there and then remotely enable it
and they're too retarded to even notice
and they're too retarded to even notice <= Yeah reading their thread alone makes my brain cringe
lol
They behave as a cult though
yip
I find it odd that they call him by his first name Cheesy
It´s not like we call you Ric all day on the forum
lol
imagine that
And otoh is still buying
I think my finance professor would get a sudden heart attack if he sees his portfolio
lol

The two most talked about Monero topics are GUI wallet and Dash.

Well hopefully this is the end of dEBRUYNE crap talk here *It's not me look I am nice only here to promote XMR shit* they probably planned everything with dnlear instead of actually working to create not anything new but just ANYTHING that is supposed to work with XMR after copying Bytecoin. + low grade developer criticizing Evan for he's awesome work that he wouldn't even come up with a simple GUI wallet nor he will come up with amazing idea like MN's + instant transactions even if he stayed in a class room studying for the next 10 years.
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d

So would it not be better to get away from that exchange? Cause by trading there we indirectly promote market manipulation?

It's a free market and ultimately fundamentals prevail.

Shorters tend to massacre assets with weak fundamentals but are more wary of stocks that have some background stability. Dash is already pretty well compacted due to a year's worth of incessant trolling and a period of quiet while the next development phase goes on.

It would be a brave shorter who tried to push it any further because you just have to look at the trading of the last few weeks to see what the problem would be - finding the liquidity to close out your shorts. There's almost nobody selling at these prices, let alone at another 10-30% discount.


Good point. At first I disliked the interface, but now got used to poloniex. Its kinda nice.
hero member
Activity: 605
Merit: 500
The great thing about DASH is that it's the topic on everyone's minds. 



It's like a car crash.. you can't help but watch


hero member
Activity: 966
Merit: 1003

"Investigation" lol. How can you possibly say that 124 IP list is a comprehensive list of all nodes or miners online at that time? If anything it looks like it's a snapshot of nodes one peer was seeing at one point in time. What a coincidence there are 124 peers in that list you base your "investigation" on when considering the default value for -maxconnections is 125. My miner's IP isn't on that list and I had been mining a good while when that list was posted. And what is a "private user" vs cloud miner? It was very common at that time to mine cpu mineable coins using cloud instances, are you claiming all those Amazon and Azure nodes were Evan's?


*Evan isn't acting alone, he had/has a team behind him right from the start.

Yes he and InternetApe were a team. The most likely distribution between them was 50-50. InternetApe dumped what he had left and took off a year ago or so.


It wasn't a hobby.

If he was at work at the same time, wasn't it a hobby? Perhaps he can provide a proof he was still working for another employer while launching it.


he had a plan to make a profit.

Would it have made you satisfied if his plan was to lose money?


=> DASH is clearly the reason Monero isn't going anywhere.

Disagree.
hero member
Activity: 966
Merit: 1003

=> DASH was clearly a planned instamine (and thus a scam)

By most conventions, a 'scam' is where someone steals money from a victim and doesn't give it back. You have not exposed a scam.

You are being scammed, but either you don't see it or are willfully ignorant.
What will you do with your bags containing masternodes when there isn't any significant BID-side left on the exchanges?

Has anyone promised that if you buy bags containing masternodes there will always and forever be significant BID-side on the exchanges?

And oh, thanks for posting, please post more.
hero member
Activity: 966
Merit: 1003
is driving our page count up.


Hmmm, yesterday we pass page 5555, look where we are now?
Lol, more than 50 pages deleted, did troll post disapeared massively?


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 impression. 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.

Much of the volume was not just Monero posters, but DASH users quoting our posts and responding. I still wonder how many pages would disappear from the announcement thread if all Monero posters deleted all comments. 500-1000 maybe?
legendary
Activity: 3066
Merit: 1188
hero member
Activity: 966
Merit: 1003
The great thing about DASH is that it's the topic on everyone's minds. 

All right
I´ll let you know what dnaleor thinks about it (will just copy him this conversation).
kk
Btw, if I may ask, how are the performance issues proceeding? (This is regarding your post on reddit)
it's going
that's NoodleDoodle's domain right now
and he's made excellent progress
hard to tell when he'll be done
Nice to hear, let him take his time :-P
I rather have something right than a network split a few days after the release of the tagged version :p
agreed
this isn't Dash with "sporks"
I still don´t get the spork thing :p
Do you perhaps know what it exactly is?
It atleast isn´t decentralized
basically he wraps new code into a little block
and then he can use Bitcoin's alerting system to enable / disable it
So if he turns malicious one day they are basically fucked?
yes
Or under a gag order or whatever
That´s kinda scary
he can leave some dormant code in there and then remotely enable it
and they're too retarded to even notice
and they're too retarded to even notice <= Yeah reading their thread alone makes my brain cringe
lol
They behave as a cult though
yip
I find it odd that they call him by his first name Cheesy
It´s not like we call you Ric all day on the forum
lol
imagine that
And otoh is still buying
I think my finance professor would get a sudden heart attack if he sees his portfolio
lol

The two most talked about Monero topics are GUI wallet and Dash.
legendary
Activity: 3066
Merit: 1188

So would it not be better to get away from that exchange? Cause by trading there we indirectly promote market manipulation?

It's a free market and ultimately fundamentals prevail.

Shorters tend to massacre assets with weak fundamentals but are more wary of stocks that have some background stability. Dash is already pretty well compacted due to a year's worth of incessant trolling and a period of quiet while the next development phase goes on.

It would be a brave shorter who tried to push it any further because you just have to look at the trading of the last few weeks to see what the problem would be - finding the liquidity to close out your shorts. There's almost nobody selling at these prices, let alone at another 10-30% discount.
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
Is it just me or poloniex for real is a pump and dump exchange? Was lurking for couple days and got impression that nobody cares about anything,
as long as you can pump and dump and then repeat...?

It is a pump and dump exchange and yes - nobody cares about what they're trading. It could be matchsticks for that matter as long as they make gains.

One of the reasons for that is that Poloniex supports margin trading - tools which allow you to amplify your gains even though you don't have the money to trade. Of course they also amplify your loses.

One of those tools lets people make huge profits from shorting - i.e. making a lot of money by pushing the price down on a weak asset. The way it works is you borrow a stock of crypto from liquidity providers on the exchange, sell it into the market and then buy back at a lower price once you've shoved the price down. So people can manipulate markets even though they don't actually have the funds themselves. Monero for example has had a huge kicking from this practice over the last few months. You'd get big support walls forming and then these humungous dumps into them which would kick off a decline. Then as the selling accelerates you'd get a massive bounce as the shorters close out their shorts (buy back to repay their loans). You get the same in reverse with the longs resulting in square shaped price profiles - a big pump on low volume, a horizontal phase while liquidity builds in the bid stack, then a huge dump on high volume.

Of course it's a high risk strategy - if you get it wrong you can make big losses.

The problem I have with it is that this type of margin trading has a disproportionate effect in low liquidity markets. A single trader can easily take out 10%-20% of the valuation of any crypto just using these techniques. Margin trading is really intended for high liquidity markets where it maybe gets the stock to where it was already going but faster.




I was thinking of this. You dont even need much of BTC, with 50BTC can mainpulate small markets like DASH and Monera. Put yourself a 10BTC short. Dump 40BTC worth of DASH then close your shorts and repeat and do for any other coin. While doing it write at troll box from several accounts and here you have.
So would it not be better to get away from that exchange? Cause by trading there we indirectly promote market manipulation?
legendary
Activity: 3066
Merit: 1188
Is it just me or poloniex for real is a pump and dump exchange? Was lurking for couple days and got impression that nobody cares about anything,
as long as you can pump and dump and then repeat...?

It is a pump and dump exchange and yes - nobody cares about what they're trading. It could be matchsticks for that matter as long as they make gains.

One of the reasons for that is that Poloniex supports margin trading - tools which allow you to amplify your gains even though you don't have the money to trade. Of course they also amplify your loses.

One of those tools lets people make huge profits from shorting - i.e. making a lot of money by pushing the price down on a weak asset. The way it works is you borrow a stock of crypto from liquidity providers on the exchange, sell it into the market and then buy back at a lower price once you've shoved the price down. So people can manipulate markets even though they don't actually have the funds themselves. Monero for example has had a huge kicking from this practice over the last few months. You'd get big support walls forming and then these humungous dumps into them which would kick off a decline. Then as the selling accelerates you'd get a massive bounce as the shorters close out their shorts (buy back to repay their loans). You get the same in reverse with the longs resulting in square shaped price profiles - a big pump on low volume, a horizontal phase while liquidity builds in the bid stack, then a huge dump on high volume.

Of course it's a high risk strategy - if you get it wrong you can make big losses.

The problem I have with it is that this type of margin trading has a disproportionate effect in low liquidity markets. A single trader can easily take out 10%-20% of the valuation of any crypto just using these techniques. Margin trading is really intended for high liquidity markets where it maybe gets the stock to where it was already going but faster.


hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
i just scored 0.5 btc on primedice   Grin

i think im gonna buy aprox 60 DASH in 2-3 min   Cool

wait for me guys Cheesy

Hey! use poloniex, cryptsy has too much withdraw fee.

Well cryptsy seems to be done... 60% of volume on poloniex!
Is it just me or poloniex for real is a pump and dump exchange? Was lurking for couple days and got impression that nobody cares about anything,
as long as you can pump and dump and then repeat...?
legendary
Activity: 1470
Merit: 1024
i just scored 0.5 btc on primedice   Grin

i think im gonna buy aprox 60 DASH in 2-3 min   Cool

wait for me guys Cheesy

Hey! use poloniex, cryptsy has too much withdraw fee.
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
i just scored 0.5 btc on primedice   Grin

i think im gonna buy aprox 60 DASH in 2-3 min   Cool

wait for me guys Cheesy




legendary
Activity: 3066
Merit: 1188

You genuinely have to wonder if both of you are too stupid to see that these are fake usernames, or if you're just promoting misinformation.

Keep your hair on. Despite being able to tell a double-o from a single, some of us didn't have a sense-of-humour-bypass at birth. Please read my response again   Cheesy

hero member
Activity: 714
Merit: 504
You genuinely have to wonder if both of you are too stupid to see that these are fake usernames, or if you're just promoting misinformation.

My money's on the latter.

I wouldn't rule out the former.
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