Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1687. (Read 9723973 times)

Hello!

I'm glad to see you're still around and looking at some of the more advanced issues within the space. I'm really liking how you laid out the issues and the trouble with this type of implementation. These are the exact issues that I've been thinking about solutions to over the last year and I finally found a strategy that has none of these issues mentioned.


However, signatures only need to be stored for a few thousand blocks. There's simply no chance of a reorg rearranging days of transactions unless something went terribly wrong with the network. In that case, the Bitcoin code is actually setup to halt, which is better than having two competing chains for that long. So in this case, bloat is not an issue.

Also, instant transactions are now a natural result of the evolution design, not something build on top as they are currently. Instant transactions built in this way also are anonymous. We're talking about a different technology.


The proof of work hashes we use are buried deeper in the blockchain for Evolution, beyond the reach of chain reorganization. It's also multiple hashes that will decide the quorum structure, we're calling this technology the quorum-chain.


In Evolution, miners don't decide which transactions are mined, the masternode network does via Quorum technology.

no more pumps?

 

Richest 1% to own more than rest of world, Oxfam says
http://www.bbc.com/news/business-30875633

That might be a meaningless chart Macrochip. The same person can be in control of multiple wallets - specially in Dash where holders are encouraged to split their holdings to maximise ROI. The "improvement" in distribution for Dash is probably due to the disaggregation of consolidated holdings into distinct cold wallets in order to collateralise masternodes - nothing to do with 'wealth distribution'.

Dash's "full nodes" cost no more than bitcoin's.  i.e. ZERO.

Of course it is, but you can join the crazy club of masternodders obeying the church of evan for just 2400 usd currently.
30 % of them are at OVH, 17% at Choopa LLC....

No ponders you called them like Kim Kardashians Boutique stores (http://www.dailymail.co.uk/tvshowbiz/article-3032841/Kourtney-Khloe-Kardashian-lead-celebrations-DASH-store-goes-online.html),

With DASH it´s even better, the rich get richer and richer as they rake in the most masternode rewards and can launch new masternodes faster thus owning a bigger percent of the network faster and faster, such decentralziation.
Compound intersted is a bankers or dashers wet dream i guess.

Effectively you have a proof of stake system in it´s most pervers form ever.
And with this switch to a PoS system you also inherited all the problems too... in a PoW system you have a healthy split of powers between miners and investors/users/merchants where both have to cooperate or all will lose, you just got rid of it and investors control everything now. congratulations.
What happens if someone confiscated a big amount of BTC or steals them? Yeah really, you are fucked.


Let´s not even get into the jurisdical problem running one of those nodes can bring you...

The older ones here know your "masternode" concept already. We called them Supernodes back in the day. Even Skype was sooo cool to use them.
Gnutella has/had (didn´t study it since years) the same flaws.

Anything different than a pure P2P, any model with relaxed rules can and will be used to attack the network more effectively. Randomization is the most important design principle in a fault tolerant p2p network. Some learned it the hard way (Kazaa).

(...)
However I mostly disagree with distribution not being important: What value would a currency have if only 1 person held the entire supply? There is absolutely no need to widen this to a global scale (or "all mankind") to derive a meaningful measure. 2 people owning the supply is better than 1 person. 3 people is better than 2 and so on. What value would DASH have if 1 person held 5.9 million coins and 1 million people across the globe a fraction of 10 coins? No need to include the rest of mankind in this: It would be an objectively terrible distribution rendering the entire currency worthless. So distribution is important, even if its only relative distribution compared to other currencies.

The wealthiest 1% will soon own more than the rest of the world's population, according to a study by anti-poverty charity Oxfam.

The charity's research shows that the share of the world's wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.

On current trends, Oxfam says it expects the wealthiest 1% to own more than 50% of the world's wealth by 2016.

The research coincides with the start of the World Economic Forum in Davos.

The annual gathering attracts top political and business leaders from around the world.

Oxfam's executive director Winnie Byanyima, who will co-chair the Davos event, said she would use the charity's high-profile role at the forum to demand urgent action to narrow the gap between rich and poor.

In a statement ahead of the gathering, Ms Byanyima said the scale of global inequality was "simply staggering".

Why? That's about the same situation as we have with the dollar and it's almost universally perceived as having value.

So everybody should stop banging on about it as if 'good distribution' enhances a cryptocurrency's value.

It doesn't.

But... but... intsa... We got good distribution, the darkcoin name worked wonders and kept it out of the hands of the real criminals Acceptance for goods and services though, that's a bit of a doozy and no mistake, might take a fair bit of brain storming to work that one out :/

As far as markets are concerned, a very different perspective emerges than what has been asserted above.

Most non-premined, non-instamined, well distributed, perfectly launched coins go straight to zero. If not straight to zero, to zero in quite a short space of time. Of the top 10 market cap coins, more than half have 'complex' distributions to say the least.

Conclusion: Proof of Work is one way to distribute coins. But markets are ultimately a fairer mechanism of distribution because they price everything - not just emmission curves and electricity  

Yes, how did you guess? Beating dead horses is my favorite pastime!

Lol, I think we've different ideas on moderately priced I hope they're including maintaining it in that.

He quit in disgust when he realized what a circle jerk the DASH community has become.  Built on deceit and lies.

I don't see 5000 as being super expensive, that's 100 hours of a moderately priced contractors time?

I really hope chapelin just had a baby and is just leaving the internet alone for a while.. but I voted no to the dashwale proposal becorse I think that this proposals voting apparatus should be hosted by dashpay.io not a 3rd party, there is a 5000 dollars vote on a new website and I dont see why what dashwhale is doing cant be done on that really expensive homepage. For that amount of money it should have some really nice features like proposals forum.

just a thought ...is it possible to make the dascoin.io page encrypted somehow so there is no ip trace