So good DASH doesn't have
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2031. (Read 9723748 times)
July 16, 2015, 03:48:01 AM
http://www.engadget.com/2015/07/15/darkode-cybercrime-forum-seized/
So good DASH doesn't havedarkname anymore...
So good DASH doesn't have
July 16, 2015, 02:03:39 AM
July 16, 2015, 01:49:39 AM
What is the deal with all of these deleted postings?!?
July 15, 2015, 11:42:53 PM
I'm a cheerleader, LOL
I'm sure Evan thinks of you whenever he hears this song (click image):
Unfortunately, I never ever once in my life looked like that
LOL. Actually, not sure I could handle the kind of attention pretty blonds get anyway. (Quoted for you boys 'cause I know you all want to see her again as you scroll down ;P LOL)RenegadeMan, I totally agree, and when you think of how the funding will pay for marketing, and soon, it's gong to be a real game changer. Because awareness will go through the roof soon. This is going to get exciting by the end of the year, and I can't wait for the world to know how good we really are. We'll have more power to get our message out than others will have to spread lies, and it'll be AWESOME!
July 15, 2015, 10:57:15 PM
I'm a cheerleader, LOL
I'm sure Evan thinks of you whenever he hears this song (click image):
July 15, 2015, 09:14:18 PM
Well, he asked, so I told 'im:
https://dashtalk.org/threads/what-do-bitcoin-professionals-think-about-darkcoin.5668/
victorbx asked:
And I wrote:
That's a pretty old thread (8 months ago = decades in crypto :tongue:)
But as usual, the second guy who posted an answer doesn't know what he is talking about. First of all, coinjoin is not an algorithm, and second, DarkSend was never Coinjoin. By the time it was called DarkSend, it had already implemented mixing exact denominations of coins, and soon after, it was implemented to be used prior to need/use. So the mixing is done while the wallet is idle, and not when funds are spent. Therefore there is no need to wait for transactions to complete while other funds are found and mixed. Sounds obvious, but it wasn't until it occurred to Evan. (E=mc2 sounds obvious now as well)
DASH is also instant. You can buy your gas at the pump with DASH and leave in as little as 4 seconds. Same with groceries.
DASH's dual network provides thousands of full nodes that service the network on high quality servers because they get paid for doing so. Consequently, syncing to the network with your wallet takes only minutes, whereas Bitcoin takes days. True, Bitcoin's blockchain is much larger than DASH's but the rate of download is also much, much faster in DASH.
Also, the mobile wallets will soon be "syncing" to the masternode distributed network, instead of one or two servers serving up what is hoped to be a true blockchain. Thus everything in DASH is distributed, with no centralization save people using services at their own risk. Aside from exchanging fiat into DASH at an exchange, there is no reason for 3rd party infrastructure with DASH if it's unwanted.
Finally, and certainly not least, v12 which should be coming out soon, is quite stable right now, and what it brings to the table is nothing short of a game changer. Distributed payments via blockchain. Actually, that doesn't even cover it. Soon, anyone with the skill will soon be able to propose a product, add-on, marketing, etc... for DASH and get paid for the work if it is agreed to. If a proposal to make or do something for DASH that is deemed important and desirable by the dash community and masternode owners, it will be voted on. The votes are cast by masternode owners, but the community at large will be very much involved in honing and developing proposals. If the proposer modifies the proposal to the majority's satisfaction, and receives enough yes votes, it will be included in the block payout. The whole system is pretty complex to explain here, but it's working out excellently. There is never an actual account that holds funds to be paid out, but rather "super blocks" are used to pay the wages. This is done by withholding 10% of the block rewards, not paying them to either miners nor masternodes, but rather paying them directly into the accounts of the service providers with the additional "safety stop" that if the provider doesn't hold up their end of the bargain, Masternodes can vote to stop payments. When proposals are created, the schedule of progress and payments will need to be clearly defined, and payment made only if goals are met.
FYI, this system will most likely only be paying out to the core developers and marketing fund at first, mostly to get the system going. I think we all want to reward the developers for their hard work (Evan pays them out of pocket at the moment) and getting marketing going will benefit everyone. But there is much to do before the system can gain steam. Although v12 will have the functionality required, there is still much infrastructure to build, such as project forums, and other infrastructure to help manage the projects so that masternode owners can see clearly what is up. We need to make this user friendly, and easy to monitor or we won't get the participation we need. This will take some time, and I doubt other projects will be approved until this infrastructure in completed.
What does this mean? It means, DASH will ALWAYS have the funds to pay their developers, to pay for advertisement and marketing and to pay for infrastructure expansion. It is the first coin to do so once again. The DASH team has burned new trails since it's conception. Sure, people have thought of the possibilities of such things happening but only DASH has made them happen.
( https://www.youtube.com/watch?v=KW_wYvZ1eZg )
The DASH team, lead by Evan, has solved all the issues involved and has successfully, and will continue to successfully blaze new trails.
If ever there was a horse to bet on, this is it! See you in the future! (yah yah, look at my picture... I'm a cheerleader, LOL)
https://dashtalk.org/threads/what-do-bitcoin-professionals-think-about-darkcoin.5668/
victorbx asked:
Quote
can someone post a proffesional answer ?
http://www.quora.com/What-do-Bitcoin-professionals-think-about-Darkcoin
Thanks !
http://www.quora.com/What-do-Bitcoin-professionals-think-about-Darkcoin
Thanks !
And I wrote:
That's a pretty old thread (8 months ago = decades in crypto :tongue:)
But as usual, the second guy who posted an answer doesn't know what he is talking about. First of all, coinjoin is not an algorithm, and second, DarkSend was never Coinjoin. By the time it was called DarkSend, it had already implemented mixing exact denominations of coins, and soon after, it was implemented to be used prior to need/use. So the mixing is done while the wallet is idle, and not when funds are spent. Therefore there is no need to wait for transactions to complete while other funds are found and mixed. Sounds obvious, but it wasn't until it occurred to Evan. (E=mc2 sounds obvious now as well)
DASH is also instant. You can buy your gas at the pump with DASH and leave in as little as 4 seconds. Same with groceries.
DASH's dual network provides thousands of full nodes that service the network on high quality servers because they get paid for doing so. Consequently, syncing to the network with your wallet takes only minutes, whereas Bitcoin takes days. True, Bitcoin's blockchain is much larger than DASH's but the rate of download is also much, much faster in DASH.
Also, the mobile wallets will soon be "syncing" to the masternode distributed network, instead of one or two servers serving up what is hoped to be a true blockchain. Thus everything in DASH is distributed, with no centralization save people using services at their own risk. Aside from exchanging fiat into DASH at an exchange, there is no reason for 3rd party infrastructure with DASH if it's unwanted.
Finally, and certainly not least, v12 which should be coming out soon, is quite stable right now, and what it brings to the table is nothing short of a game changer. Distributed payments via blockchain. Actually, that doesn't even cover it. Soon, anyone with the skill will soon be able to propose a product, add-on, marketing, etc... for DASH and get paid for the work if it is agreed to. If a proposal to make or do something for DASH that is deemed important and desirable by the dash community and masternode owners, it will be voted on. The votes are cast by masternode owners, but the community at large will be very much involved in honing and developing proposals. If the proposer modifies the proposal to the majority's satisfaction, and receives enough yes votes, it will be included in the block payout. The whole system is pretty complex to explain here, but it's working out excellently. There is never an actual account that holds funds to be paid out, but rather "super blocks" are used to pay the wages. This is done by withholding 10% of the block rewards, not paying them to either miners nor masternodes, but rather paying them directly into the accounts of the service providers with the additional "safety stop" that if the provider doesn't hold up their end of the bargain, Masternodes can vote to stop payments. When proposals are created, the schedule of progress and payments will need to be clearly defined, and payment made only if goals are met.
FYI, this system will most likely only be paying out to the core developers and marketing fund at first, mostly to get the system going. I think we all want to reward the developers for their hard work (Evan pays them out of pocket at the moment) and getting marketing going will benefit everyone. But there is much to do before the system can gain steam. Although v12 will have the functionality required, there is still much infrastructure to build, such as project forums, and other infrastructure to help manage the projects so that masternode owners can see clearly what is up. We need to make this user friendly, and easy to monitor or we won't get the participation we need. This will take some time, and I doubt other projects will be approved until this infrastructure in completed.
What does this mean? It means, DASH will ALWAYS have the funds to pay their developers, to pay for advertisement and marketing and to pay for infrastructure expansion. It is the first coin to do so once again. The DASH team has burned new trails since it's conception. Sure, people have thought of the possibilities of such things happening but only DASH has made them happen.
( https://www.youtube.com/watch?v=KW_wYvZ1eZg )
The DASH team, lead by Evan, has solved all the issues involved and has successfully, and will continue to successfully blaze new trails.
If ever there was a horse to bet on, this is it! See you in the future! (yah yah, look at my picture... I'm a cheerleader, LOL)
That's a great reply you made on that forum Tante. Thanks for taking the time and for reposting here. I think the one area that we here in the Dash community just take for granted is the anonymity and privacy Dash offers. For us that have been around for a long time, we all know the story and know what it means/what's important about it, but for anyone new to the scene, this is still the fundamental differentiator of Dash.
The first guy (Joseph Wang) that posted in that thread wrote a very good overview of how tiresome it is to have our spending constantly monitored:
Quote
I think that we live in a sad world in which if you don't want big corporations to know what you are spending your money on, you get classified as a drug dealer.
In fact, I have good reasons for not wanting people to know what I'm spending money on. I've found that every time I get a bunch of money transferred into my bank account, I get a call from the bank asking if I want a loan. When I shop at a store with a credit card, I end up getting a ton of flyers from that store. I'm finding that when I send out an e-mail talking about wanting something, google very "helpfully" gives me a ton of ads about what I was talking about.
It gets creepy and annoying after a while. There are times when I want to go into a store, I buy stuff, they give me stuff, and that's the end of the deal. I buy bananas, I give you money to buy bananas. I don't want you to have some record that says I like to eat bananas. I don't want to be tracked and given a ton of ads telling me about bananas. I give you money. You give me stuff, and we pretend we never know each other.
And somehow getting annoyed at this makes me an evil drug dealer.
OK. Let's say I'm a conspiracy theorist. My conspiracy theory is that newspapers and magazines are horrified at the thought that people will be able to routinely pay for and by newspapers and magazines in a way that they will be unable to track people and deliver eyeballs to advertisers. So they try to paint anyone that wants to live in this sort of world as a drug dealer or bad person. They can't imagine a world in which someone can buy a magazine anonymously so they react against it out of fear.
Written 9 Jan • 1,841 views
Upvote52
In fact, I have good reasons for not wanting people to know what I'm spending money on. I've found that every time I get a bunch of money transferred into my bank account, I get a call from the bank asking if I want a loan. When I shop at a store with a credit card, I end up getting a ton of flyers from that store. I'm finding that when I send out an e-mail talking about wanting something, google very "helpfully" gives me a ton of ads about what I was talking about.
It gets creepy and annoying after a while. There are times when I want to go into a store, I buy stuff, they give me stuff, and that's the end of the deal. I buy bananas, I give you money to buy bananas. I don't want you to have some record that says I like to eat bananas. I don't want to be tracked and given a ton of ads telling me about bananas. I give you money. You give me stuff, and we pretend we never know each other.
And somehow getting annoyed at this makes me an evil drug dealer.
OK. Let's say I'm a conspiracy theorist. My conspiracy theory is that newspapers and magazines are horrified at the thought that people will be able to routinely pay for and by newspapers and magazines in a way that they will be unable to track people and deliver eyeballs to advertisers. So they try to paint anyone that wants to live in this sort of world as a drug dealer or bad person. They can't imagine a world in which someone can buy a magazine anonymously so they react against it out of fear.
Written 9 Jan • 1,841 views
Upvote52
Regular citizens have yet to comprehend what's happening to them courtesy of Facebook, Google, Apple and the rest of the big corporations that now own phenomenal amounts of data on us for their commercial advantage. I spend a little bit of time on Facebook (mostly running some pages for some not-for-profit groups) and it's patently clear that most people have zero knowledge that their spending habits, their desires to purchase/acquire goods and services and the capacity to make those purchases represents a resource and value within an economy that's inherently theirs (i.e. you own that information about you and it's yours to leverage from) so they blindly leave multiple open doors for these commercial entities to make money from. And, if you start having a lot of money, using these services you also leave open doors for thieves and villains to come and take from you (and I'm not talking about the hooded variety....there are thousands of 'legitimate' thieves in governments and banks all over the world just waiting to arrest your wealth).
So anonymity and privacy is completely misunderstood and currently if you demand your privacy you are characterised as being bad in some way and likely up to no good as the poster above has articulated. The fundamental offering I see of Dash is a) this ability to maintain anonymity and privacy, aspects that regular people will start to become aware of more and more over the next decade and b) the inherent fungability of the currency which people will also become more aware of as also being critical as Bitcoin becomes subject to more and more blockchain analysis and potentially evolves a disastrous 'white' and 'black' categorisation of bitcoins with different pricing structures (I actually think if it gets to that it will implode).
InstantX adds a level of speed and velocity (other key aspects of money as our expert Tok constantly reminds us of) to Dash that makes it even more powerful as a form of currency.
And the new 'Self-sustainable Decentralized Governance by Blockchain' system is an innovation that addresses the problem of ongoing development being almost impossible to sustain, as can be seen in Bitcoin's case.
I think these three things...
Privacy/anonymity and consequent maintenance of fungability (via Darksend)
Rapid transactions (via InstantX)
Self funding (via Decentralized Governance by Blockchain)
...are the major innovations (and that this has been achieved without making the blockchain invisible is key too).
Still to be detailed and clarified is how Evan will address scaling to facilitate large per-second transaction volume; I'm sure that will be ground-breaking as well.
July 15, 2015, 09:02:07 PM
... First of all, coinjoin is not an algorithm, and second, DarkSend was never Coinjoin. By the time it was called DarkSend, it had already implemented mixing exact denominations of coins, and soon after, it was implemented to be used prior to need/use. So the mixing is done while the wallet is idle, and not when funds are spent. Therefore there is no need to wait for transactions to complete while other funds are found and mixed. Sounds obvious, but it wasn't until it occurred to Evan. (E=mc2 sounds obvious now as well)
..
..
Great post Mrs. Robinson
I remember spending weeks trying to put people straight that DarkSend should not be linked to coinjoin because it was so different. Then I remember throwing my laptop out of the window when Evan posted something early on in the development of DarkSend that it was coinjoin
Once you get labelled with a misconception, I'm afraid it lasts and lasts. And here we have the lingering proof.
July 15, 2015, 08:09:07 PM
Jonathan LeVine Gallery Now Accepts Dash
http://insidebitcoins.com/news/jonathan-levine-gallery-now-accepting-dash-payments/33674
http://bitcoinist.net/jonathan-levine-gallery-now-accepting-dash-payments/
http://thebitcoinnews.com/jonathan-levine-gallery-now-accepting-dash-payments/
https://en.bitmakler.com/jonathan-levine-gallery-now-accepting-dash-payments__news_54960
http://coinwelt.de/international-news/
Chinese :
http://www.8btc.com/dash-pay1
Russian:
https://dashtalk.org/threads/galereja-dzhonatana-livana-teper-prinimaet-dash.5671/
Spanish:
https://dashtalk.org/threads/la-galeria-jonathan-levine-ahora-acepta-dash-efectivo-digital.5675/
http://insidebitcoins.com/news/jonathan-levine-gallery-now-accepting-dash-payments/33674
http://bitcoinist.net/jonathan-levine-gallery-now-accepting-dash-payments/
http://thebitcoinnews.com/jonathan-levine-gallery-now-accepting-dash-payments/
https://en.bitmakler.com/jonathan-levine-gallery-now-accepting-dash-payments__news_54960
http://coinwelt.de/international-news/
Chinese :
http://www.8btc.com/dash-pay1
Russian:
https://dashtalk.org/threads/galereja-dzhonatana-livana-teper-prinimaet-dash.5671/
Spanish:
https://dashtalk.org/threads/la-galeria-jonathan-levine-ahora-acepta-dash-efectivo-digital.5675/
July 15, 2015, 06:54:50 PM
Well, he asked, so I told 'im:
https://dashtalk.org/threads/what-do-bitcoin-professionals-think-about-darkcoin.5668/
victorbx asked:
And I wrote:
That's a pretty old thread (8 months ago = decades in crypto :tongue:)
But as usual, the second guy who posted an answer doesn't know what he is talking about. First of all, coinjoin is not an algorithm, and second, DarkSend was never Coinjoin. By the time it was called DarkSend, it had already implemented mixing exact denominations of coins, and soon after, it was implemented to be used prior to need/use. So the mixing is done while the wallet is idle, and not when funds are spent. Therefore there is no need to wait for transactions to complete while other funds are found and mixed. Sounds obvious, but it wasn't until it occurred to Evan. (E=mc2 sounds obvious now as well)
DASH is also instant. You can buy your gas at the pump with DASH and leave in as little as 4 seconds. Same with groceries.
DASH's dual network provides thousands of full nodes that service the network on high quality servers because they get paid for doing so. Consequently, syncing to the network with your wallet takes only minutes, whereas Bitcoin takes days. True, Bitcoin's blockchain is much larger than DASH's but the rate of download is also much, much faster in DASH.
Also, the mobile wallets will soon be "syncing" to the masternode distributed network, instead of one or two servers serving up what is hoped to be a true blockchain. Thus everything in DASH is distributed, with no centralization save people using services at their own risk. Aside from exchanging fiat into DASH at an exchange, there is no reason for 3rd party infrastructure with DASH if it's unwanted.
Finally, and certainly not least, v12 which should be coming out soon, is quite stable right now, and what it brings to the table is nothing short of a game changer. Distributed payments via blockchain. Actually, that doesn't even cover it. Soon, anyone with the skill will soon be able to propose a product, add-on, marketing, etc... for DASH and get paid for the work if it is agreed to. If a proposal to make or do something for DASH that is deemed important and desirable by the dash community and masternode owners, it will be voted on. The votes are cast by masternode owners, but the community at large will be very much involved in honing and developing proposals. If the proposer modifies the proposal to the majority's satisfaction, and receives enough yes votes, it will be included in the block payout. The whole system is pretty complex to explain here, but it's working out excellently. There is never an actual account that holds funds to be paid out, but rather "super blocks" are used to pay the wages. This is done by withholding 10% of the block rewards, not paying them to either miners nor masternodes, but rather paying them directly into the accounts of the service providers with the additional "safety stop" that if the provider doesn't hold up their end of the bargain, Masternodes can vote to stop payments. When proposals are created, the schedule of progress and payments will need to be clearly defined, and payment made only if goals are met.
FYI, this system will most likely only be paying out to the core developers and marketing fund at first, mostly to get the system going. I think we all want to reward the developers for their hard work (Evan pays them out of pocket at the moment) and getting marketing going will benefit everyone. But there is much to do before the system can gain steam. Although v12 will have the functionality required, there is still much infrastructure to build, such as project forums, and other infrastructure to help manage the projects so that masternode owners can see clearly what is up. We need to make this user friendly, and easy to monitor or we won't get the participation we need. This will take some time, and I doubt other projects will be approved until this infrastructure in completed.
What does this mean? It means, DASH will ALWAYS have the funds to pay their developers, to pay for advertisement and marketing and to pay for usual structure expansion. It is the first coin to do so once again. The DASH team has burned new trails since it's conception. Sure, people have thought of the possibilities of such things happening but only DASH has made them happen.
( https://www.youtube.com/watch?v=KW_wYvZ1eZg )
The DASH team, lead by Evan, has solved all the issues involved and has successfully, and will continue to successfully blaze new trails.
If ever there was a horse to bet on, this is it! See you in the future! (yah yah, look at my picture... I'm a cheerleader, LOL)
https://dashtalk.org/threads/what-do-bitcoin-professionals-think-about-darkcoin.5668/
victorbx asked:
Quote
can someone post a proffesional answer ?
http://www.quora.com/What-do-Bitcoin-professionals-think-about-Darkcoin
Thanks !
http://www.quora.com/What-do-Bitcoin-professionals-think-about-Darkcoin
Thanks !
And I wrote:
That's a pretty old thread (8 months ago = decades in crypto :tongue:)
But as usual, the second guy who posted an answer doesn't know what he is talking about. First of all, coinjoin is not an algorithm, and second, DarkSend was never Coinjoin. By the time it was called DarkSend, it had already implemented mixing exact denominations of coins, and soon after, it was implemented to be used prior to need/use. So the mixing is done while the wallet is idle, and not when funds are spent. Therefore there is no need to wait for transactions to complete while other funds are found and mixed. Sounds obvious, but it wasn't until it occurred to Evan. (E=mc2 sounds obvious now as well)
DASH is also instant. You can buy your gas at the pump with DASH and leave in as little as 4 seconds. Same with groceries.
DASH's dual network provides thousands of full nodes that service the network on high quality servers because they get paid for doing so. Consequently, syncing to the network with your wallet takes only minutes, whereas Bitcoin takes days. True, Bitcoin's blockchain is much larger than DASH's but the rate of download is also much, much faster in DASH.
Also, the mobile wallets will soon be "syncing" to the masternode distributed network, instead of one or two servers serving up what is hoped to be a true blockchain. Thus everything in DASH is distributed, with no centralization save people using services at their own risk. Aside from exchanging fiat into DASH at an exchange, there is no reason for 3rd party infrastructure with DASH if it's unwanted.
Finally, and certainly not least, v12 which should be coming out soon, is quite stable right now, and what it brings to the table is nothing short of a game changer. Distributed payments via blockchain. Actually, that doesn't even cover it. Soon, anyone with the skill will soon be able to propose a product, add-on, marketing, etc... for DASH and get paid for the work if it is agreed to. If a proposal to make or do something for DASH that is deemed important and desirable by the dash community and masternode owners, it will be voted on. The votes are cast by masternode owners, but the community at large will be very much involved in honing and developing proposals. If the proposer modifies the proposal to the majority's satisfaction, and receives enough yes votes, it will be included in the block payout. The whole system is pretty complex to explain here, but it's working out excellently. There is never an actual account that holds funds to be paid out, but rather "super blocks" are used to pay the wages. This is done by withholding 10% of the block rewards, not paying them to either miners nor masternodes, but rather paying them directly into the accounts of the service providers with the additional "safety stop" that if the provider doesn't hold up their end of the bargain, Masternodes can vote to stop payments. When proposals are created, the schedule of progress and payments will need to be clearly defined, and payment made only if goals are met.
FYI, this system will most likely only be paying out to the core developers and marketing fund at first, mostly to get the system going. I think we all want to reward the developers for their hard work (Evan pays them out of pocket at the moment) and getting marketing going will benefit everyone. But there is much to do before the system can gain steam. Although v12 will have the functionality required, there is still much infrastructure to build, such as project forums, and other infrastructure to help manage the projects so that masternode owners can see clearly what is up. We need to make this user friendly, and easy to monitor or we won't get the participation we need. This will take some time, and I doubt other projects will be approved until this infrastructure in completed.
What does this mean? It means, DASH will ALWAYS have the funds to pay their developers, to pay for advertisement and marketing and to pay for usual structure expansion. It is the first coin to do so once again. The DASH team has burned new trails since it's conception. Sure, people have thought of the possibilities of such things happening but only DASH has made them happen.
( https://www.youtube.com/watch?v=KW_wYvZ1eZg )
The DASH team, lead by Evan, has solved all the issues involved and has successfully, and will continue to successfully blaze new trails.
If ever there was a horse to bet on, this is it! See you in the future! (yah yah, look at my picture... I'm a cheerleader, LOL)
Great reply as usual
The train will pass and they will still be talking about block sizes
July 15, 2015, 06:06:27 PM
Actual I think he is NOT belittling DASH
I just reads funny
I just reads funny
Indeed. I'd be careful of making enemies unnecessarily.
I've never heard Peter Todd do any Dash bashing at all, in fact he's actually quite sympathetic to the whole 2-tier idea from the talks I've seen.
By all means, feel free to correct my impression!
But isn't he calling the Dash community a cargo-cult?!
When you look at the whole conversation the thread starter even concurs with the impression of it being an insult.
Peter Todd is a genuine top-shelf crypto expert. He understands Dash perfectly, regardless of the fact you'd rather him not mention its glaring deficiencies and belittle its credulous bagholders.
Quote
"InstantX is a copy of GreenAddress in the same way a cargo cult's bamboo runway is a copy." - Peter Todd, BTC Core Developer
July 15, 2015, 06:04:57 PM
Well, he asked, so I told 'im:
https://dashtalk.org/threads/what-do-bitcoin-professionals-think-about-darkcoin.5668/
victorbx asked:
And I wrote:
That's a pretty old thread (8 months ago = decades in crypto :tongue:)
But as usual, the second guy who posted an answer doesn't know what he is talking about. First of all, coinjoin is not an algorithm, and second, DarkSend was never Coinjoin. By the time it was called DarkSend, it had already implemented mixing exact denominations of coins, and soon after, it was implemented to be used prior to need/use. So the mixing is done while the wallet is idle, and not when funds are spent. Therefore there is no need to wait for transactions to complete while other funds are found and mixed. Sounds obvious, but it wasn't until it occurred to Evan. (E=mc2 sounds obvious now as well)
DASH is also instant. You can buy your gas at the pump with DASH and leave in as little as 4 seconds. Same with groceries.
DASH's dual network provides thousands of full nodes that service the network on high quality servers because they get paid for doing so. Consequently, syncing to the network with your wallet takes only minutes, whereas Bitcoin takes days. True, Bitcoin's blockchain is much larger than DASH's but the rate of download is also much, much faster in DASH.
Also, the mobile wallets will soon be "syncing" to the masternode distributed network, instead of one or two servers serving up what is hoped to be a true blockchain. Thus everything in DASH is distributed, with no centralization save people using services at their own risk. Aside from exchanging fiat into DASH at an exchange, there is no reason for 3rd party infrastructure with DASH if it's unwanted.
Finally, and certainly not least, v12 which should be coming out soon, is quite stable right now, and what it brings to the table is nothing short of a game changer. Distributed payments via blockchain. Actually, that doesn't even cover it. Soon, anyone with the skill will soon be able to propose a product, add-on, marketing, etc... for DASH and get paid for the work if it is agreed to. If a proposal to make or do something for DASH that is deemed important and desirable by the dash community and masternode owners, it will be voted on. The votes are cast by masternode owners, but the community at large will be very much involved in honing and developing proposals. If the proposer modifies the proposal to the majority's satisfaction, and receives enough yes votes, it will be included in the block payout. The whole system is pretty complex to explain here, but it's working out excellently. There is never an actual account that holds funds to be paid out, but rather "super blocks" are used to pay the wages. This is done by withholding 10% of the block rewards, not paying them to either miners nor masternodes, but rather paying them directly into the accounts of the service providers with the additional "safety stop" that if the provider doesn't hold up their end of the bargain, Masternodes can vote to stop payments. When proposals are created, the schedule of progress and payments will need to be clearly defined, and payment made only if goals are met.
FYI, this system will most likely only be paying out to the core developers and marketing fund at first, mostly to get the system going. I think we all want to reward the developers for their hard work (Evan pays them out of pocket at the moment) and getting marketing going will benefit everyone. But there is much to do before the system can gain steam. Although v12 will have the functionality required, there is still much infrastructure to build, such as project forums, and other infrastructure to help manage the projects so that masternode owners can see clearly what is up. We need to make this user friendly, and easy to monitor or we won't get the participation we need. This will take some time, and I doubt other projects will be approved until this infrastructure in completed.
What does this mean? It means, DASH will ALWAYS have the funds to pay their developers, to pay for advertisement and marketing and to pay for infrastructure expansion. It is the first coin to do so once again. The DASH team has burned new trails since it's conception. Sure, people have thought of the possibilities of such things happening but only DASH has made them happen.
( https://www.youtube.com/watch?v=KW_wYvZ1eZg )
The DASH team, lead by Evan, has solved all the issues involved and has successfully, and will continue to successfully blaze new trails.
If ever there was a horse to bet on, this is it! See you in the future! (yah yah, look at my picture... I'm a cheerleader, LOL)
https://dashtalk.org/threads/what-do-bitcoin-professionals-think-about-darkcoin.5668/
victorbx asked:
Quote
can someone post a proffesional answer ?
http://www.quora.com/What-do-Bitcoin-professionals-think-about-Darkcoin
Thanks !
http://www.quora.com/What-do-Bitcoin-professionals-think-about-Darkcoin
Thanks !
And I wrote:
That's a pretty old thread (8 months ago = decades in crypto :tongue:)
But as usual, the second guy who posted an answer doesn't know what he is talking about. First of all, coinjoin is not an algorithm, and second, DarkSend was never Coinjoin. By the time it was called DarkSend, it had already implemented mixing exact denominations of coins, and soon after, it was implemented to be used prior to need/use. So the mixing is done while the wallet is idle, and not when funds are spent. Therefore there is no need to wait for transactions to complete while other funds are found and mixed. Sounds obvious, but it wasn't until it occurred to Evan. (E=mc2 sounds obvious now as well)
DASH is also instant. You can buy your gas at the pump with DASH and leave in as little as 4 seconds. Same with groceries.
DASH's dual network provides thousands of full nodes that service the network on high quality servers because they get paid for doing so. Consequently, syncing to the network with your wallet takes only minutes, whereas Bitcoin takes days. True, Bitcoin's blockchain is much larger than DASH's but the rate of download is also much, much faster in DASH.
Also, the mobile wallets will soon be "syncing" to the masternode distributed network, instead of one or two servers serving up what is hoped to be a true blockchain. Thus everything in DASH is distributed, with no centralization save people using services at their own risk. Aside from exchanging fiat into DASH at an exchange, there is no reason for 3rd party infrastructure with DASH if it's unwanted.
Finally, and certainly not least, v12 which should be coming out soon, is quite stable right now, and what it brings to the table is nothing short of a game changer. Distributed payments via blockchain. Actually, that doesn't even cover it. Soon, anyone with the skill will soon be able to propose a product, add-on, marketing, etc... for DASH and get paid for the work if it is agreed to. If a proposal to make or do something for DASH that is deemed important and desirable by the dash community and masternode owners, it will be voted on. The votes are cast by masternode owners, but the community at large will be very much involved in honing and developing proposals. If the proposer modifies the proposal to the majority's satisfaction, and receives enough yes votes, it will be included in the block payout. The whole system is pretty complex to explain here, but it's working out excellently. There is never an actual account that holds funds to be paid out, but rather "super blocks" are used to pay the wages. This is done by withholding 10% of the block rewards, not paying them to either miners nor masternodes, but rather paying them directly into the accounts of the service providers with the additional "safety stop" that if the provider doesn't hold up their end of the bargain, Masternodes can vote to stop payments. When proposals are created, the schedule of progress and payments will need to be clearly defined, and payment made only if goals are met.
FYI, this system will most likely only be paying out to the core developers and marketing fund at first, mostly to get the system going. I think we all want to reward the developers for their hard work (Evan pays them out of pocket at the moment) and getting marketing going will benefit everyone. But there is much to do before the system can gain steam. Although v12 will have the functionality required, there is still much infrastructure to build, such as project forums, and other infrastructure to help manage the projects so that masternode owners can see clearly what is up. We need to make this user friendly, and easy to monitor or we won't get the participation we need. This will take some time, and I doubt other projects will be approved until this infrastructure in completed.
What does this mean? It means, DASH will ALWAYS have the funds to pay their developers, to pay for advertisement and marketing and to pay for infrastructure expansion. It is the first coin to do so once again. The DASH team has burned new trails since it's conception. Sure, people have thought of the possibilities of such things happening but only DASH has made them happen.
( https://www.youtube.com/watch?v=KW_wYvZ1eZg )
The DASH team, lead by Evan, has solved all the issues involved and has successfully, and will continue to successfully blaze new trails.
If ever there was a horse to bet on, this is it! See you in the future! (yah yah, look at my picture... I'm a cheerleader, LOL)
July 15, 2015, 05:35:13 PM
New film: "Bitcoin, the End of Money ad We Know It"
https://vimeo.com/ondemand/bitcoin
Article about the black market: https://bitcoinism.liberty.me/only-the-black-market-matters/
July 15, 2015, 04:47:07 PM
Actual I think he is NOT belittling DASH
I just reads funny
I just reads funny
Indeed. I'd be careful of making enemies unnecessarily.
I've never heard Peter Todd do any Dash bashing at all, in fact he's actually quite sympathetic to the whole 2-tier idea from the talks I've seen.
By all means, feel free to correct my impression!
But isn't he calling the Dash community a cargo-cult?!
When you look at the whole conversation the thread starter even concurs with the impression of it being an insult.
He is making fun of it. His post says all about him. Let it go, he's special
Peter, did you do something usefull recently?
July 15, 2015, 03:37:05 PM
My bitcointalk.org account was hacked !!
I've had more than 10 deleted posts deleted that I did NOT post !!
I've reset my password, hope that will suffice.
Sorry for the inconvenience...
July 15, 2015, 03:32:01 PM
Hi Dash guys and ambassadors!
I would like to point your attention to this new article: https://www.dashpay.io/news/earn-passive-income-running-dash-masternode-raspberry-pi/
It looks too simple and nothing special..., but in fact it discovered a huge unpredicted spreading potential!
During the first 12 hours in gets more than 13.000 readers in Russian Internet and counting... (I expect no less than 30.000 Russian readers finally)
Hope you'll be able to use it's full potential to promote Dash in your countries also... Good luck!
I would like to point your attention to this new article: https://www.dashpay.io/news/earn-passive-income-running-dash-masternode-raspberry-pi/
It looks too simple and nothing special..., but in fact it discovered a huge unpredicted spreading potential!
During the first 12 hours in gets more than 13.000 readers in Russian Internet and counting... (I expect no less than 30.000 Russian readers finally)
Hope you'll be able to use it's full potential to promote Dash in your countries also... Good luck!
I like this so much! One question: I wonder if a Raspberry Pi 1 could do the job aswell, with swap enabled? At the moment my VPS only use ~330MB/512MB and I'm fine with that (12€/ann) and I don't have to use my home ip. Maybe it's only the compiling part that needs so much RAM?
July 15, 2015, 03:19:48 PM
Hi Dash guys and ambassadors!
I would like to point your attention to this new article: https://www.dashpay.io/news/earn-passive-income-running-dash-masternode-raspberry-pi/
It looks too simple and nothing special..., but in fact it discovered a huge unpredictable spreading potential!
During the first 12 hours in gets more than 13.000 readers in Russian Internet and counting... (I expect no less than 30.000 Russian readers finally)
Hope you'll be able to use it's full potential to promote Dash in your countries also... Good luck!
That's great news! That article was well done. More Masternodes incoming from Mother Russia... I would like to point your attention to this new article: https://www.dashpay.io/news/earn-passive-income-running-dash-masternode-raspberry-pi/
It looks too simple and nothing special..., but in fact it discovered a huge unpredictable spreading potential!
During the first 12 hours in gets more than 13.000 readers in Russian Internet and counting... (I expect no less than 30.000 Russian readers finally)
Hope you'll be able to use it's full potential to promote Dash in your countries also... Good luck!
July 15, 2015, 03:14:56 PM
Hi Dash guys and ambassadors!
I would like to point your attention to this new article: https://www.dashpay.io/news/earn-passive-income-running-dash-masternode-raspberry-pi/
It looks too simple and nothing special..., but in fact it discovered a huge unpredicted spreading potential!
During the first 12 hours in gets more than 13.000 readers in Russian Internet and counting... (I expect no less than 30.000 Russian readers finally)
Hope you'll be able to use it's full potential to promote Dash in your countries also... Good luck!
I would like to point your attention to this new article: https://www.dashpay.io/news/earn-passive-income-running-dash-masternode-raspberry-pi/
It looks too simple and nothing special..., but in fact it discovered a huge unpredicted spreading potential!
During the first 12 hours in gets more than 13.000 readers in Russian Internet and counting... (I expect no less than 30.000 Russian readers finally)
Hope you'll be able to use it's full potential to promote Dash in your countries also... Good luck!
July 15, 2015, 03:08:46 PM
This Wikipedia entry casts a dim view of what he said. He's basically saying that we purport to have the solutions, but it's all make-believe:
https://en.m.wikipedia.org/wiki/Cargo_cult_science
Sorry, @MangledBlue, but based on this new evidence, my tweet will be reinstated...
https://en.m.wikipedia.org/wiki/Cargo_cult_science
Sorry, @MangledBlue, but based on this new evidence, my tweet will be reinstated...
July 15, 2015, 03:01:38 PM
Looks like Peter Todd thinks belittling Dash's innovations is making Bitcoin's problems go away:
https://www.reddit.com/r/Bitcoin/comments/3ddkhy/bitcoindev_significant_losses_by_doublespending/ct4cxfo
https://www.reddit.com/r/Bitcoin/comments/3ddkhy/bitcoindev_significant_losses_by_doublespending/ct4cxfo
Actual I think he is NOT belittling DASH
I just reads funny
He is definitely insulting DASH
"It's a copy of GreenAddress in the same way a cargo cult's bamboo runway is a copy"
Nothing wrong with receiving criticism from someone like him as it gives you something to work on.
After all DASH supporters did post in the bitcoin Reddit thread. Constructive criticism should be expected
I know very little about GreenAddress or a cargo cult's bamboo runway, are they similar? Is a cargo cult's bamboo runway in fact a copy of GreenAddress?
Here's your runway including bamboo plane: https://youtu.be/c6dTtPyl-no?t=92
Anyone still thinking it's not an insult?
You shouldn't have
July 15, 2015, 02:56:46 PM
Looks like Peter Todd thinks belittling Dash's innovations is making Bitcoin's problems go away:
https://www.reddit.com/r/Bitcoin/comments/3ddkhy/bitcoindev_significant_losses_by_doublespending/ct4cxfo
https://www.reddit.com/r/Bitcoin/comments/3ddkhy/bitcoindev_significant_losses_by_doublespending/ct4cxfo
Actual I think he is NOT belittling DASH
I just reads funny
He is definitely insulting DASH
"It's a copy of GreenAddress in the same way a cargo cult's bamboo runway is a copy"
Nothing wrong with receiving criticism from someone like him as it gives you something to work on.
After all DASH supporters did post in the bitcoin Reddit thread. Constructive criticism should be expected
I know very little about GreenAddress or a cargo cult's bamboo runway, are they similar? Is a cargo cult's bamboo runway in fact a copy of GreenAddress?
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