Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2137. (Read 9723814 times)

I think that guy was a visitor from the eCrime 2015 Mobile Security Symposium which had been taking place "around the corner" during that week. There were a few from there - Paypal people etc.

(Being West Coaster techies I suppose there's an outside possibility that they were after free beer    ).

Try coming at it from a different angle:-

Don't explain about how it works, that is pointless(hell do we even understand,lol), elaborate instead on the idea of being one's own bank for the first time in history and perhaps link this to financial Independence and (dare I go there) to who currently wastes trillions of dollars on military  hardware only to profit the corporations and funds ALL major wars and currently manipulate the world economy via currency control weapons(such as HFT and derivatives, the Mum version might be a more simple, 'they're skimming the entire world's stocks and money supply off the top, including your retirement fund to help pay/profit from wars/buy more private islands/Picasso paintings and there is no other way to stop them, so get with it else your 401k will vaporize into thin air in order to make the super rich even richer')

2nd thing that was said to my (ex army) mate :

We are discussing socially engineered consent:-

Me: ' Don't look how people are as this is at the bottom level of understanding and a media control weapon to keep you thinking small minded and not understand events. Think the big ideas instead and not focus on the trivia such as the type of shoes someone is wearing but look over that to whats actually going on behind. (The Matrix with the 'bending spoon' not really existing is exactly that idea, most people miss the point though)

His reply: 'People in Russia are persecuted by Putin for being Gay'
(summed up my point perfectly without realising it)

Me: 'you just proved my point exactly, i.e. you are still focusing on the small irrelevant things, where do you get this information that gays are being persecuted?'

His reply: 'I watched a BBC documentary on about it'

Me: 'And you actually believe that?! Have you actually ever met a Russian to confirm this?'

Him : ' No, but its true, how could it be anything else, why would the BBC lie about this ?

Blah blah blah...

You get the idea  

On online forms, I ALWAYS copy paste long txt to a notepad. You neverkknow what error pops up when pressing send : o

Depending on your browser a Ctrl+Z can bring it back.

Good Morning to you too

Yes, I have the same problem with my mother which was extremely disappointing.  She has always tried to get me interested in finances, and when I became interested in cryptos I was hoping we would have something to do together, but she is completely unaccepting of this idea.  To be fair, she did read up a little on it, but couldn't wrap her head around it and now thinks it's some kind of ponzi scheme.  There is, however a huge difference between a coin, especially one like DASH, and a ponzi scheme.  Crypto coins are ultimately a service that gives value to the coins.  There is and has been a lot of work put into this, that work has value.  The services that bitcoin provide have proven to have won the banking industry over.  I feel that what DASH provides is infinitely more valuable, and will finally give people a real choice on how to conduct trade.

People are conditioned to not take responsibility of their own investments due to nanny state conditioning.
I'll give you an example from someone who has worked around the world, 60 years old and been around the block a few times.
So, I was trying to explain to him about the ground breaking idea of hash coding a text document, linking the hash result to a bitcoin address and then sending some small change there and creating a legal document that everyone can potentially see but only one person owns via a private key, thus creating an impossible to forge document that will be embedded in the blockchain forever.

Anyway, his argument for this not being a good idea, were that ,
1) what if you lost your private key?
My answer: 'even government bond certificates worth billions may only have 1 copy and once that is lost , thats it, I gave the twin towers as a extreme example, where the only copies of ?billions worth of share certificates and bonds were lost forever, it is the responsibility of the owner not to lose their key, anyway they can make multiple copies unlike with bonds it is decentralized so can not be lost as such'

2) His statement: 'I trust the banks and the government to look after my savings and stocks'
My answer: 'You're being very naive if you think the government won't take it all off you if they need to, look at Cyprus, it has already happened and can easily happen again'

Good morning everyone  

Very nice, thank you for making that for us!

I do want to add to the one question from the guy who's question, I don't think got answered.  I believe his question was:

If you obscure where the coins came from and went, if a thief steals funds from someone, you will not be able to follow the coins and catch the thief.  Hence, a less knowledgeable person will have no protection from theft.

First of all, this is not a problem with DASH alone.  This is always a problem.  And the only choice you have with a fully traceable blockchain such as Bitcoin is to color the coins and make them unacceptable to others.  Flag them as stolen coins and let people decide if they will accept them or not.  This ruins fungibility which is essential in a coin.  This is exactly why DASH exists.  Coins must always be fungible, period, or it isn't a currency.

So how do we protect people?

The answer is, we can implement many things to make wallets easier and safer to use, but ultimately, users must be responsible for their wallets.  I'm sure there will be online wallet providers that will insure your funds for you eventually.  Possibly, banks will offer this in the future.  You will have to pay for this service, and it may very well be a great option for some people.  

The most important thing that crypto currencies offer is choice and personal safety.  If you decide that your personal information, your worth, your buying habits, etc... are important to keep private, you can keep all of that completely off the grid with DASH.  With proper measures, you can greatly reduce the chances of your funds being discovered and stolen, one way is simply by storing your coins separately, in smaller accounts (as DarkSend creates many small accounts, this is almost automatic).  This way it is virtually impossible for someone to deduce your wallet size, and hence target your wallet for theft.

A person still needs to protect their wallet from theft by encrypting it with a proper password, and soon 2FA, and probably by keeping the bulk of their funds off line, in cold storage until needed.

The biggest protection you will get from using crypto coins is protection from identity theft.  Banks constantly fail users this way.  Plus, false charges on credit cards.  It is far more difficult to gain access to a DASH wallet than to obtain a visa card number and charge purchases on it.  And for that, users pay extremely high interest rates for the convenience of using these credit cards.

Anyway, I'm sure that for those who can't manage their wallets (though it will be very easy to do in the future), there will be services.  Otherwise, the bulk of users will quickly learn how to protect their assets and will opt to take control of their finances.  And it won't require more than average or even sub average intelligence to do so in the near future.

Tks for the video. I put the second thumb up on youtube

dman.

I was going to bed 

Thanks for posting.

Sure

Fernando made it:

http://prezi.com/vrcwsuziyeww/?utm_campaign=share&utm_medium=copy&rc=ex0share

Nice job ;-)
Do you have the slides ?

Dash Talk - Barcelona Bitcoin Community - May 26, 2015

https://youtu.be/wj-5sBFHQAU

Speakers: Fernando and Evan

This is a homemade video made with limited resources. I hope you enjoy it.  


(tnks tungfa  )

Yes good points. And I'm really impatient/excited to see the firsts projects that will be submited for the DGBB....

that signal is good for our health, and health of our children 

Ah, the Otoh signal :-)

Excellent points. I saw that article as well and also thought it significant in that respect.

Well said!

Bitcoin is going to collect problems and patches - conserving itself in old inefficient paradigm.

And Dash is going to evolve quickly and effectively...

Minotaur26 I couldn't agree more with your post!

Was lazy earlier and just said that DASH is agile!

AGILE and LEAN tailorig processes are structures of any successful development/business.

Well defined governance and conflict resolution processes are essential for the long term viability of coins. Look at this article:

http://cointelegraph.com/news/114481/chinese-exchanges-reject-gavin-andresens-20-mb-block-size-increase

One of the main issues with Bitcoin right now, is there is no established way to define the direction of the project. It seems like the core developer's leadership is waning and without a clear way to resolve disagreements it seems that they won't be able to compromise on important issues like block size limit.

That is why Dash is establishing a governance system that allows for conflict resolution in a transparent way, this will save the Dash community a lot of aggravation in the future and make the project more agile and capable of making hard choices.

Also, including funding for development and promotion will give the Dash project some very needed independence, it seems like Bitcoin core developers no longer can influence the big exchanges and mining firms so that the technical direction of the coin is compromised by the business choices of those companies.

It is hard to say what the future holds, but is clear that Dash is taking into account the experience of older projects and trying to avoid the same mistakes, so that the project remains agile and innovative even as it grows and also for the community to have predefined conflict resolution vehicles that keep it cohesive. This is specially important for a younger project like ours.

stop dump!