Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2085. (Read 9723776 times)

BuyAnyCoin: A Prepaid Crypto Card at Your Local Store
http://cointelegraph.com/news/114576/buyanycoin-a-prepaid-crypto-card-at-your-local-store

....". BuyAnyCoin Beta currently supports Bitcoin, Litecoin and Ripple, but has plans to support more currencies such as Dash, Nxt, and BitShares"
 

The windows version shows it as v0.12.0.4 but spork active command only works in v0.12.0.5 so can check correct version like that.

Go guys, go! Thanks you so much! 

TESTNET ONLY !!!


 eduffield
Core DeveloperCore
Please update -- v0.12.0.5

-Removed need for amounts in masternode winners protocol - eduffield
-Spork changes / improvements - eduffield

  * New Command "Spork Active" : Show which sporks report as active
  * Cleaned up the spork code and fixed some bugs with defaults-refresh en source/translations - Udjin
-fix strings - Udjin
- Implemented spork for only paying new nodes after a period of time on mainnet
- protocol bump
- fixed a few issues with sporks. Spork show now shows all sporks, instead of the changed ones. IsSporkActive now supports sporks set to 0 as on.


 https://dashtalk.org/threads/v12-testing-thread.5484/page-27

Indeed.

...or even a cross section of the Sierra Madre...

Dash charts looking like an EKG monitor...

Currently people only run bitcoin nodes as an act of good will, but these incentive-driven nodes will offer an actual reason to do it. Plus, the reward for running a node increases if fewer people are participating. It will be cool to see how the network grows to accommodate this.

The other part of the equation, simply stated is that there will be several master nodes and pools created for each transaction group, so that the probability of knowing where the funds came from and where they are going is so minimal, it's essentially impossible for any node to figure out.

Dash and decentralization

I don't think people realize how impressive Dash number of full nodes is, it is the second largest network of full nodes after Bitcoin and growing. It is truly decentralized the nodes are distributed around the world in many jurisdictions, ran by hundreds of different people, from different hosting providers and even from their home in raspberry pi 2s.

These gives the network incredible syncing speed, it really works well. Dash is the fastest syncing coin I have seen, you can sync weeks in a few minutes and it always works. Other coins you have to wait days with your client open syncing or use bootstraps to help your client sync.

Mixing

Dash decentralized mixing, uses a series of randomly selected nodes for each round of mixing. You can mix up to 16 rounds in the current version, each round uses a different node. This provides a very high degree of privacy from third parties.

People often talk about the possibility of a masternode operator uncovering a particular round of mixing, the reality is, since a random node is selected from 2700 possible nodes over 16 iterations is impossible for any masternode operator to follow the mixing of a particular input through several rounds of mixing.   A person would have to control over 80% of the total number of masternodes to even have a small chance of doing that and this would be the same for any other privacy technology. If you control over 80% of a cryptonote coin you could uncover transactions too, this is just a theoretical edge case that is just not reality.

Also Dash decentralized mixing, is the best dealing with change linking, just read the whitepaper, Darksend does not leave a change trail.

Versatility

Dash architecture on top of delivering a higher degree of privacy, has many advantages and applications. It supports additional value to benefit users. The best example is instant transaction confirmations and the possibility of implementing scalability solutions like the lightning network, 2FA or other applications. Dash is truly a different approach, with incentivized full node operation and collateral to prevent people running Sybil attacks it is quite promising.

There is a lot of work to do still but Dash has a clear added value proposition, Dash is unleashing the potential of a 2 tier network with paid node operation and mining, and adding decentralized added value services over its full node network which has proven a success growing to about 50% of the Bitcoin network with only a small fraction of its marketcap. There is a lot of upside still and that is why people are investing and it has found a very stable floor at this price range it is simply undervalued for its potential.

Thanks!!!

Feel bored looking at charts? v0.12 translation is open! 

https://www.transifex.com/projects/p/dash/

thanks for the explanation.

hmmm btw so 3000 MN would lock 3000.000.-  dash in MN.
 

I think the confusion stems from about 8-10 months ago when the idea of "IP obfuscation" for masternodes first came up. Eventually Evan moved away from that for reasons specified in the linked post, and work began on the (not yet implemented) idea of blinding masternodes from seeing the origin of their inputs.

It seems that "masternode blinding" was always about hiding the origin and the destination of the mixed funds.

I think as the price of DASH stabilizes, the acceptable rate of return will go down.  Lets say people are willing to buy a masternode right now because the rate of return is 20%.  Investors are willing to risk the price of buying DASH and run a MN because the rate of return is high, and they think DASH has a good chance at keeping it's value.  Now lets say DASH has kept it's value at 1000 USD for the past 3 years, investors would then buy stock to purchase masternodes through a company and perhaps they would now accept 15% return as a good price to risk ratio.  Now we might have 3500 or 4000 masternodes.

With a guaranteed rate of return, there will always be people willing and able to invest in a masternode.  And it would be healthy for masternodes to trade hands.  Especially from the largest holders.  Diversification of holdings over time will only strengthen the network.

Also, 2600+ full nodes that are paid for doing work, PLUS the miners is hardly centralized.  Bitcoin has been loosing full nodes, and since their market cap is 230 times that of DASH, with only roughly 6000 full nodes, and falling, DASH's network is extremely strong.

If there ever should come a need for more nodes, the collateral could simply be halved and we'd immediately double the nodes running.  However, the developers have decided that 3000 masternodes would be the best number for the network as it's not too many that would flood the system; overwhelming it with chatter and yet plenty to service the network with enough variety to keep it decentralized and unbreakable.

That was the plan initially, but Evan revised:

https://dashtalk.org/threads/which-masternode-model-should-we-implement.4115/

Most of us anticipate that in the future some sort of trustless masternode share program will be implemented. Barring that, an even easier fix would be to lower the cost of a masternode to 100 DASH, for instance. In your scenario, that would reduce the cost of a masternode to $10,000.

Another improvement that is planned is called masternode blinding. Basically, this will prevent your masternode from seeing where the present inputs came from. Consequently, even if you did own the vast majority of all masternodes, you still wouldn't know which node a mixing transaction came from, and couldn't track it backward or forward.

I don't really care about rebrading though. But yes, of course, my typo, its currently priced at $2.83.

wow... my masternode is around 12 - 15 btc.

but thats true, today might be the best time to invest MN.  price is lower and reward is quite high

dash altcoin best to trade for now
but price very high.