Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2381. (Read 9723814 times)

An auditor audits it.

To be auditable, the auditor needs to see  2 accounts - not one. A debit in one and a credit in the other.

If I'm checking a payment I made, I go to the blockchain and see it leaving my account. I also see it arriving in the other account. If I only see it leaving my account then I haven't audited anything and if the other guy only sees it arriving in his account then he hasn't audited anything either.

In the fiat world, the auditor (as far as the transactional integrity goes) is the banking system itself, not some guy that walks into your office in a pin stripe suit and only gets to look the transaction from your end.

In crypto, that counterparty has been eliminated, so Satoshi did 2 things:

[1] - broke the link between accounts and people so a blockchain address never corresponds to a person, it just corresponds to an anonymous private key instead

[2] - made the blockchain visible so that the entire world could serve as auditor and arbitror of its integrity

Take that away and you've got nothing.

What you've done is take a fiat business model (where every single peice of property of any significance is synonymous with a legal entity) and imposed it on a cryptocurrency (where it isn't). You've therefore given yourself a whole load of unnecessary problems to solve (which is why you need all that over burdening cryptography) while at the same time killing the very thing thats about 100 times more important than privacy - confidence.


Darksend simply improves the fungibility of the coins in your wallet. It's not trying to do what your doing (which is probably why your constantly criticising it). Moreover, it does so pre-emptively, exactly as real world cash does. At the point of transaction, everything is out in the open. It works exactly like bitcoin does. Privacy is already taken care of by the Satoshi model IF the blockchain is fungible enough (not invisible - different thing) which is why that challenge was addressed directly rather than indirectly.

How do you prove payment with regular Bitcoin or Dash?  All you have is a payment going to an address. Most merchants create a new address for each order, you can't really prove its theirs or that it corresponds to your order, other than with something like an invoice or email (can be edited or faked). Nor can you prove that the funds sent were ever yours other than by signing a message using the private key of the source. All of these same techniques apply to Monero.

With darksend you can't even do that. You have a coinjoin transaction (or a sequence of them if multiple rounds) and one/some of the inputs is/are yours but you can't prove those coins didn't go somewhere else. Again you are back to transaction logs and such, which can be faked.

Bitcoin wasn't really intended to be "transparent", other than with respect to integrity of the coin supply, and Monero is the same. It was intended to be pseudonymous at the level of individual addresses, but address reuse was't suggested and linking addresses to people or merchants wasn't intended. Satoshi considered improved privacy desirable and discussed various methods such as ring signatures (he called them group signatures) but never got around to implementing any of them before he left.

I can tell them why Satoshi didn't use that approach. One word: Confidence.

Hey mate. You know that payment you sent me yesterday for your drug deliveries ? It didn't appear. You must've sent it to the wrong address - send it again.

I did send it !.....Well I've not received it.

Show me your view key to prove you didn't get it.

Awe, but then I need to show you all my other transactions.

Tough. I'm not resending it unless...

ok then. Here you go.

Look ! It's there.

No. That's not yours - that came from another customer with the same order. It's the same amount.

But...

I'm sure Satoshi took one look down that rabbit hole and thought "f*ck that. Lets get it all out in the open and have the most visible, auditable and at the same time anonymous monetary system ever invented 

wow...theres and early week present for us!  a bit of dump...NICE!  thanks dumpers   and I was thinking it was going stick around $4, but I'll take this instead.  Yes!!!  The week is only getting better!

Right you are! Done.

Bump for happiness
 

Damn,stop posting good new and thing to read ! People dump on good news and never read !!!  

we should just stop talking and start trolling other coin.

hey...its good to see everyone having some fun here for once!    

Bump

Yep, you're currently on ignore. Vote for me and I'll make an exception 

You are hilarious Coins101!

(not that you'll see this with everyone on ignore)

this is what a scam looks like

this a tactic that is used heavily by darkcoin cult

you are the trolls in "defensive position" and fudding monero on darkcoin thread

Someone pointed out that something was wrong with their recent LTB, so I listened to the end. And, yes.  The other dev said Monero signature algorithm was broken.

The only reason is it not an issue is that at the moment its not worth the effort for the agencies with short letters to do anything about it.

If enough people use Monero and it hits the radar of the people who have radars, then you're toast.

I had to listen twice to make sure I was hearing right what he was confessing.

You can't make this shit up.


Scrap that, listened to that last bit again. He just basically says he doesn't really understand it all. Figures.

-snip- LTB
~1.00 hrs.

[Don't forget: A vote for Coins101 is a vote for Beer, Babes and Boobs at every foundation board meeting. Would it be a wasted vote? Probably.]

Can you all remove the big fucking shadow promotional images from your posts....arrgh

It's not nice to advertise a coin here.
And in video, why I didn't hear anything about PoS?
I would like to mine it, really.

The promo video hasn't been forgotten, just sidetracked by the rebranding. When we establish our new identity a bit more (logos, etc.), we will begin to produce the video. It shouldn't be too far into the future.

Monero dev, none other...