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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1741. (Read 9724017 times)

sr. member
Activity: 465
Merit: 250
Shouldn't we rather focus on improving the Wikipedia entry for Dash? Look at it: It's an ugly construction site right now. Serious investors will always prefer reading Wikipedia than the insane ramblings of a random forum-lunatic. Plus legal proceedings against free speech (as stupid as that speech might be) never look good.

Btw: I think people will rather google "Dash currency" (which delivers much better results) than "Dash crypto"
legendary
Activity: 2548
Merit: 1245
Maybe its time for Evan or Tungfa to start cleaning up some of the Google search results :



If you look at Google's Search History removal policies we have room to manouvre i think :

https://support.google.com/websearch/answer/2744324?hl=en

Quote
Removal Policies


We want to organize the world’s information and make it universally accessible, but there are a few instances where we will remove content from Search.

Legal Removals

We remove content from our search results if it includes:
•Child sexual abuse imagery
We also remove content in response to valid legal requests, such as copyright notifications that meet the requirements of the Digital Millennium Copyright Act

Maybe we can ask the Dash foundation (who is helping Dash on legal areas) for legal advice on how to take appropriate action ?
What should be removed when using google search with these two reference words "dash crypto" is :

anything with SCAM in it --> directly attacks the reputation of Dash
anything that links it to Dashcoin --> causes confusion for those people explicitly searching for Dash and not Dashcoin  

 


 
 
sr. member
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
http://blog.coinkite.com/post/130318407326/ongoing-bitcoin-malleability-attack-low-s-high
The modification that’s being made to the transactions is well understood and isn’t new: it is a simple numeric tweak to one number (S) in the ECDSA signature. It’s documented as part of BIP62 and is called the “low S” requirement. Coinkite always uses the lower S value, but these pranksters have been replacing that with the higher S value.

Transactions are being changed without any knowledge of the private keys involved. The change does not affect the source, destination, or amounts of the funds, so it isn’t obvious when it first happens.


.. Once you send a transaction, you need to understand that your transaction might actually get into a block under a different hash...

hero member
Activity: 826
Merit: 502
Anyone got any other testable predictions in line with this reasoning?

If this is it we can dispense with the reasons and just watch bitcoin and, say the top 5 alts and look for alt transaction volume increasing coinciding with a decline or stagnation in bitcoin transaction volume. Dash and litecoin should be on the list, but not ripple I think. Is bitshares even trying to be a currency? What do you guys think are the true top 5 alts?

What about monetary priorities ?

The properties of money are well understood - whether it's a rock, a piece of paper or an uncounterfeitable electronic token. Why do people never hold cryptocurrencies to account against the properties of money ?

[ANSWER: Because nobody has a clue what the properties of money are.]

In answer to your question about Bitshares let me say this to try to put things into perspective: There are two types of money:

[1] - real money ('cash', 'gold', etc)
[2] - credit money (IOU's)

Bitshares is a beautiful concept that resides in the [2] sphere. It is a decentralised bank and is not even attempting to do what bitcoin or dash is doing. Having said that, Bitshares does for banks what Dash does for gold: i,e, transports them to an electronic platform and decentralises the value proposition. Bitshares and Dash/Bitcoin are in totally different financial spheres. What Bitshares can do is stabilise an elastic currency in the way regular banks do today, except in a decentralised way without a trusted counterparty. I have no doubt that Bitshares (or something like it) is going to mop up the credit market. To see that, just look at how well it has pegged its BitUSD asset to the US Dollar. Although the volume is paultry, the peg has worked and it is a 'real' peg. (In other words, traders value the BitUSD asset at parity with the dollar, even though the BitUSD is backed by BTS shares while the US Dollar is backed by the US government. To me, that is a huge achievement. Almost no-one realises the implications of that achievement. [I do and am invested appropriately] ).

Dash - on the other hand - resides in the [1] sphere. It is a base monetary token as opposed to a credit derivative (as BitUSD is) or derivative collateral (as BTS is). The innovation of bitcoin wasn't to be anything sophisticated, it was to be simply an un-counterfeitable token that could be passed around. That is actually pretty difficult on an electronic platform because of copy-paste capabilities. Anything that could defy copy-paste was instantly going to be a huge candidate for a new monetary medium. So bitcoin was it.

But what competitors does bitcoin realistically have ?

Only 3: Litecoin, Dash and Peercoin.

I dumped my Litecoin ages ago because it doesn't really have any distinctive economic policy.

That isn't the case for Peercoin or Dash. Peercoin is one of the great manifestations of cryptocurrency IMO. Its designer was far more concerned with the properties of money and economics than any near term valuation. It is a coin way ahead of its time but which may still pull through and fulfil its intended role as a trunk transport for a future decentralised financial system. I thought it was dead after last year's alt-coin carnage but then noticed it had survived the turmoil and decided it now had a long term future. Put it this way. If cryptocurrencies ever get anywhere such that the mainstream economy has to depend on them, you'll be able to retire on one Peercoin.

In Dash's case the monetary case is academic. There is no bitcion compatible clone that is turning delayed transactions into instant, turning unfungible address "lumps" into anonymous ones, and attaching a "rudder" to the rudderless ship that is decentralised money.

Whatever you think about any other cryptocurrency strategically, none of them - even bitcoin- are remotely as adoptable as Dash. In any economy, there is always a space for cash. But cash has to be instant, whether it's $1 million  or $1 dollar you're transferring. Would you accept a million dollars with 1 only confirmation ? By definition, cash works independently of the amount being transacted. That 1 fact disqualifies bitcoin and qualifies Dash.
Great post.

I have been using different terms than you(specifically switching debt and credit).  This is actually quite involved, and interesting.  I will clarify here:

[A] - credit base currency (gold, silver, bitcoin, dash, etc)
[B] - credit based fiat currency (coins, US notes)
[C] - debt based fiat currency (dollar bills(federal reserve notes), bank deposits)
[D] - derivatives of assets/fiat(bonds, stocks, bitshares, BitUSD)
[E] - derivatives of derivatives(mutual funds)

A dollar bill, or more accurately a federal reserve note, is actually a promise to pay 1 US note.  A dollar bill is actually a debt instrument(IOU) whereas US notes are redeemable for gold or silver.  We stopped using US notes in 1971.  Cash is considered both dollar bills and coins.  But the only cash we use that is not a debt instrument is coins because it is made by the US mint(not loaned from the federal reserve).

As you move closer to [E], the risk gets higher.  You are more likely to lose money holding a mutual fund(fraud, manager fees, stock devaluing, etc) then holding gold(over the long term).

Dollar bills can be counterfeited.  So just like waiting for an extra confirmation, you can get a pen out to see if they are real, or hold to the light to see anti-counterfeit features.  Or with gold - use a test solution.  You would expect to wait a little longer for a large transaction to make sure it is legit.

The key is that real value is stored in [A]  They can't be created from nothing, are limited, and are fungible(probably not bitcoin).  The other products will start to lose value as we start hitting global resource constraints or this global fiat debt bubble.  We will see markets for certain things fall and seeming unrelated financial failures happen.  It, eventually, will be obvious that moving to [A] is necessary to store wealth and even transact in the economy.  DASH is already the easiest of this class to use.
legendary
Activity: 1182
Merit: 1000
I do not see Bitcoin as "The One" and I haven't for a long time. Bitcoin was a brilliant start, and Evan is undoubtedly standing on the shoulders of giants. But Bitcoin has too many problems to allow it to "take over." The *only* advantage that Bitcoin has over Dash is its network effect. I admit that network effects are difficult to overcome, but consider:

1) Bitcoin is too slow to use in person-to-person transactions.
2) Bitcoin's fees are too high for it to be used for micropayments.
3) Bitcoin doesn't scale past 7 TPS.
4) Bitcoin's blockchain is huge and it's unlikely to be pruned due to consensus issues.
5) Bitcoin has a very high level of infighting and it's nearly impossible to achieve consensus. As Tok pointed out earlier, the only consensus in the Bitcoin community is that it should be left alone and never changed, updated, improved, or fixed.
6) Bitcoin nodes are disappearing at an alarming rate because they aren't incentivized.
7) Bitcoin's consensus mechanism is under constant risk of attack. Collusion of just two pools would allow double-spends.
Cool Long-standing issues like transaction malleability still have not been cleared up, and there's no sign that Bitcoin developers have any interest in fixing them.
9) Bitcoin's governance model is deeply flawed. Funding comes from centralized sources (Foundation and MIT) and governance is dangerously fragmented between often-hostile devs.
10) Bitcoin is and always will be traceable. People don't want the world knowing the details of their finances, and as more people move into crypto this will become a bigger and bigger issue. "You mean everybody can see how much money I have and where I sent it if they know my address?"
11) Bitcoin devs and maximists have their heads buried in the sand and refuse to accept that Bitcoin might not be the solution for everything. It's analogous to the situation in World War II when Japanese admirals were too scared or proud to report their actual losses, and so their high command kept making decisions based on incorrect information.
12) Centralization and censorship in the community. Theymos has managed to grab ownership of BCT and the subreddit and regularly censors any voices he disagrees with (case-in-point: anyone who talked about Bitcoin-XT).
13) Bitcoin is complicated to use and understand for a neophite. We all remember how long it took us to fully wrap our heads around everything.

Dash already solves many of these problems, and Dash Evolution will solve the rest of them:

1) Dash has InstantX, which allows transactions to be fully confirmed in about four seconds.
2) Dash Evolution apparently has no fees (information from the slide).
3) Dash Evolution will scale to 1500+ TPS.
4) Dash Evolution is likely to use pruning at some point (Evan has spoken about this before and says pruning is definitely possible).
5) Dash enables masternode owners to vote and express their opinions in a binding fashion using the decentralized budgeting system.
6) Dash nodes (masternodes) are incentivized and the number grows daily. The growth will eventually taper, but there is very little chance of numbers declining due to the significant incentivization.
7) Dash Evolution will have a confirmationless wallet using InstantX locks for all transactions. Even if one entity gets 51% or more of the network's hash power, it will be impossible to double-spend.
Cool Dash developers regularly incorporate fixes as the problems are discovered. A great example of this was the "dead change" issue that Aswan discovered last year. It was fixed very rapidly.
9) Dash uses Decentralized Governance by Blockchain to enforce good governance and to pay developers directly from the blockchain. It's decentralized and trustless.
10) Dash users have the option of using Darksend to anonymize their transactions, and Dash Evolution will build this anonymity into the protocol itself, making all transactions anonymous by default.
11) Dash regularly incorporates new ideas from the community and from other cryptos, or even from the trolls in our own community. Evan has actually said that many of his best ideas came from the arguments trolls were trying to use against us.
12) This thread is unmoderated, and Dashtalk, while moderated, has no history of censorship.
13) Dash Evolution will be using a decentralized API to make the network trivial to use for newbies (information comes from presentation slide...I don't know how this works yet, but I do know that Evan has previously said that making Dash easy to use was a priority).
Bitcoin = Myspace
DASH = Facebook
legendary
Activity: 3066
Merit: 1188
Anyone got any other testable predictions in line with this reasoning?

If this is it we can dispense with the reasons and just watch bitcoin and, say the top 5 alts and look for alt transaction volume increasing coinciding with a decline or stagnation in bitcoin transaction volume. Dash and litecoin should be on the list, but not ripple I think. Is bitshares even trying to be a currency? What do you guys think are the true top 5 alts?
[/quote]

What about monetary priorities ?

The properties of money are well understood - whether it's a rock, a piece of paper or an uncounterfeitable electronic token. Why do people never hold cryptocurrencies to account against the properties of money ?

[ANSWER: Because nobody has a clue what the properties of money are.]

In answer to your question about Bitshares let me say this to try to put things into perspective: There are two types of money:

[1] - real money ('cash', 'gold', etc)
[2] - credit money (IOU's)

Bitshares is a beautiful concept that resides in the [2] sphere. It is a decentralised bank and is not even attempting to do what bitcoin or dash is doing. Having said that, Bitshares does for banks what Dash does for gold: i,e, transports them to an electronic platform and decentralises the value proposition. What Bitshares can do is stabilise an elastic currency in the way regular banks do today, except in a decentralised way without a trusted counterparty. I have no doubt that Bitshares (or something like it) is going to mop up the credit market. To see that, just look at how well it has pegged its BitUSD asset to the US Dollar. Although the volume is paultry, the peg has worked and it is a 'real' peg. (In other words, traders value the BitUSD asset at parity with the dollar, even though the BitUSD is backed by BTS shares while the US Dollar is backed by the US government. To me, that is a huge achievement. Almost no-one realises the implications of that achievement. [I do and am invested appropriately] ).

Dash - on the other hand - resides in the [1] sphere. It is a base monetary token as opposed to a credit derivative (as BitUSD is) or derivative collateral (as BTS is). The innovation of bitcoin wasn't to be anything sophisticated, it was to be simply an un-counterfeitable token that could be passed around. That is actually pretty difficult on an electronic platform because of copy-paste capabilities. Anything that could defy copy-paste was instantly going to be a huge candidate for a new monetary medium. So bitcoin was it.

But what competitors does bitcoin realistically have ?

Only 3: Litecoin, Dash and Peercoin.

I dumped my Litecoin ages ago because it doesn't really have any distinctive economic policy.

That isn't the case for Peercoin or Dash. Peercoin is one of the great manifestations of cryptocurrency IMO. Its designer was far more concerned with the properties of money and economics than any near term valuation. It is a coin way ahead of its time but which may still pull through and fulfil its intended role as a trunk transport for a future decentralised financial system. I thought it was dead after last year's alt-coin carnage but then noticed it had survived the turmoil and decided it now had a long term future. Put it this way. If cryptocurrencies ever get anywhere such that the mainstream economy has to depend on them, you'll be able to retire on one Peercoin.

In Dash's case the monetary case is academic. There is no bitcion compatible clone that is turning delayed transactions into instant, turning unfungible address "lumps" into anonymous ones, and attaching a "rudder" to the rudderless ship that is decentralised money.

Whatever you think about any other cryptocurrency strategically, none of them - even bitcoin- are remotely as adoptable as Dash. In any economy, there is always a space for cash. But cash has to be instant, whether it's $1 million  or $1 dollar you're transferring. Would you accept a million dollars with 1 only confirmation ? By definition, cash works independently of the amount being transacted. That 1 fact disqualifies bitcoin and qualifies Dash.
full member
Activity: 132
Merit: 100
That's a nice idea.  I haven't opened IRC in probably over 6 months.  I just don't like it, but I'll take a look at this.  Maybe it "feels" better?  Smiley

I like the feel of it but that's just me. I've always used IRC clients but this is just way more convenient in my opinion. Give it a go when you get some time and let me know what you think. Smiley
legendary
Activity: 1260
Merit: 1001
dashchat.co - the #dashpay freenode IRC portal

http://www.dashchat.co/

This is a web IRC client that will take you to the #dashpay channel on Freenode IRC. It's very user friendly in the hopes of bringing some of the less tech savy community members into the discussion.

The main chat is #dashpay but I also added a secondary chat room #dashchat to limit intimidation factor for newer people (I still find it hard to join the discussion even as an established member).

I added a section below the chat box listing the dash price @dashpay twitter feed. I'll be adding a dash news section shortly. Any suggestions welcome.

I'm using an opensource web irc project called http://shout-irc.com/

Note: This is not an attempt to create a new community in any way. I am utilizing an already existing chat room and making it easier for people to get in there.

That's a nice idea.  I haven't opened IRC in probably over 6 months.  I just don't like it, but I'll take a look at this.  Maybe it "feels" better?  Smiley
full member
Activity: 132
Merit: 100
dashchat.co - the #dashpay freenode IRC portal

http://www.dashchat.co/

This is a web IRC client that will take you to the #dashpay channel on Freenode IRC. It's very user friendly in the hopes of bringing some of the less tech savy community members into the discussion.

The main chat is #dashpay but I also added a secondary chat room #dashchat to limit intimidation factor for newer people (I still find it hard to join the discussion even as an established member).

I added a section below the chat box listing the dash price @dashpay twitter feed. I'll be adding a dash news section shortly. Any suggestions welcome.

I'm using an opensource web irc project called http://shout-irc.com/

Note: This is not an attempt to create a new community in any way. I am utilizing an already existing chat room and making it easier for people to get in there.
legendary
Activity: 1260
Merit: 1001
--Sure thing...but good luck. They've been arguing about block size for two years, and malleability has been a known problem for four. It's not that these problems are impossible to solve technically--Dash proves that they aren't. The problem is that the Bitcoin devs and community simply do not innovate for political reasons.

Great, so I think this line of reasoning implies that the failure state of bitcoin is failure to increase capacity in the face of adoption or failure to increase privacy/fungibility in the face of government or other intrusions. So if this is true we should see:

1) Transaction volume increases for bitcoin stopping near the current limit and transaction volume for alts starting to rise

or

2) Some kind of transaction analysis attack coinciding with bitcoin transaction volumes slowing or stagnating, not necessarily near the capacity limit, and volume of alts rising

Anyone got any other testable predictions in line with this reasoning?

If this is it we can dispense with the reasons and just watch bitcoin and, say the top 5 alts and look for alt transaction volume increasing coinciding with a decline or stagnation in bitcoin transaction volume. Dash and litecoin should be on the list, but not ripple I think. Is bitshares even trying to be a currency? What do you guys think are the true top 5 alts?

I think the biggest opportunity Bitcoin XT or whatever it's called offers the Bitcoin community, is the opportunity to give the project back to Gavin.  Who cares about the block size, the project has been in serious decline since Gavin left, and going with XT gives Gavin the keys back to the car.
member
Activity: 92
Merit: 10
--Sure thing...but good luck. They've been arguing about block size for two years, and malleability has been a known problem for four. It's not that these problems are impossible to solve technically--Dash proves that they aren't. The problem is that the Bitcoin devs and community simply do not innovate for political reasons.

Great, so I think this line of reasoning implies that the failure state of bitcoin is failure to increase capacity in the face of adoption or failure to increase privacy/fungibility in the face of government or other intrusions. So if this is true we should see:

1) Transaction volume increases for bitcoin stopping near the current limit and transaction volume for alts starting to rise

or

2) Some kind of transaction analysis attack coinciding with bitcoin transaction volumes slowing or stagnating, not necessarily near the capacity limit, and volume of alts rising

Anyone got any other testable predictions in line with this reasoning?

If this is it we can dispense with the reasons and just watch bitcoin and, say the top 5 alts and look for alt transaction volume increasing coinciding with a decline or stagnation in bitcoin transaction volume. Dash and litecoin should be on the list, but not ripple I think. Is bitshares even trying to be a currency? What do you guys think are the true top 5 alts?
legendary
Activity: 3066
Merit: 1188

"bad crypto": bit vague Eduardo, you have anything substantive, or just more fud?

It's a reference to a Peter Todd remark: "Yup! Rather have cleaned up bad code w/ good crypto over bad crypto...".

Where Dash is supposed to be the "bad crypto".

Draw your own conclusions. 2 Peas in a (Todd). Just as well he's exempt from having to build and complete any real software projects. It might impact adversely on his trainspotter career  Wink
legendary
Activity: 1260
Merit: 1001

"bad crypto": bit vague Eduardo, you have anything substantive, or just more fud?

It's a reference to a Peter Todd remark: "Yup! Rather have cleaned up bad code w/ good crypto over bad crypto...".

Where Dash is supposed to be the "bad crypto".

Draw your own conclusions Roll Eyes   2 Peas in a (Todd). Just as well he's exempt from having to solve any real problems  Wink

LOL, so true.  That guy is the absolute worst of the Bitcoiners in my opinion, and most worthless.
legendary
Activity: 1260
Merit: 1001
instamine:  https://dashtalk.org/threads/the-birth-of-darkcoin.162/  &  http://dashdot.io/alpha/?page_id=118
rebranding: https://en.wikipedia.org/wiki/Rebranding
"bad crypto": bit vague Eduardo, you have anything substantive, or just more fud?

I was looking EVERYWHERE for that link!  I had to go take my kids somewhere but was getting so late, my husband finally stepped in and took care of it, LOL.  I was so obsessed with finding it, and here you just posted it!
legendary
Activity: 1834
Merit: 1023
Dash (Evan Duffield) at FinTech Amsterdam Oct 2015 Video
(better sound ?!)

https://www.youtube.com/watch?v=ijd2eCibBz0&feature=youtu.be
legendary
Activity: 3066
Merit: 1188

Attacking people/biographies/motiviations certainly is easier than defending Dash's instamine, bad crypto, sudden rebrands, etc, isn't it?

GLWT.  

That might be because "people's biographies and motivations" are far more relevant to present events than "Dash's instamine" is  Wink
sr. member
Activity: 392
Merit: 255
Eduardo (aka Icebreaker) you need to start thinking long term....you are so short sighted....just trolling about Dash all day long - you little hashfast scammer you...

Have you thought about whats going to happen when you drop the soap in the shower, eating the same meal every single day, 1 hour of sunlight a day and holding the pocket of the prison kingpin during yard time.

Keeping ON TOPIC of instamine - I bet during your first 72 hours in jail you will be instamined by the inmates more times then dash ever was.

By that time, Dash will be a long distant memory and you will have more important things to think about. Have fun k thx bye Smiley

Attacking people/biographies/motiviations certainly is easier than defending Dash's instamine, bad crypto, sudden rebrands, etc, isn't it?

GLWT. 

instamine:  https://dashtalk.org/threads/the-birth-of-darkcoin.162/  &  http://dashdot.io/alpha/?page_id=118
rebranding: https://en.wikipedia.org/wiki/Rebranding
"bad crypto": bit vague Eduardo, you have anything substantive, or just more fud?
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Eduardo (aka Icebreaker) you need to start thinking long term....you are so short sighted....just trolling about Dash all day long - you little hashfast scammer you...

Have you thought about whats going to happen when you drop the soap in the shower, eating the same meal every single day, 1 hour of sunlight a day and holding the pocket of the prison kingpin during yard time.

Keeping ON TOPIC of instamine - I bet during your first 72 hours in jail you will be instamined by the inmates more times then dash ever was.

By that time, Dash will be a long distant memory and you will have more important things to think about. Have fun k thx bye Smiley

Attacking people/biographies/motiviations certainly is easier than defending Dash's instamine, bad crypto, sudden rebrands, etc, isn't it?

GLWT. 
legendary
Activity: 1260
Merit: 1001
I'm going to create a DASH v Bitcoin infographic based on the info above, but before I continue, what do people think of the initial design? be truthful and if you have ideas of how the data can be represented, please speak up.



I like it, but it's getting to be a comparison of apples and oranges.  I highly suggest that in the infographic, we suggest uses for Bitcoin, such as the gateway between fiat and crypto, with Banks being encouraged to use it for settlement, and opening up to the public for easy access.  Bitcoin has an important roll to play, just not at the general public level.  And suggesting it's usefulness, and acceptance at that level helps people picture the future and eliminates unnecessary animosity between communities.

Perhaps the theme should be more about how they complement each other?
legendary
Activity: 1260
Merit: 1001

Just like Dash, pretty women get a bad rap!  All based on jealousy!  When in actuality, beauty brightens up the world in all it's forms.  Including those who aren't perfect specimens but have beautiful personalities and lots of love to share Cheesy
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