Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2436. (Read 9723787 times)

you still wouldnt be able to tell who did what

it is impossible to deanonymize after the fact anymore

issue already fixed.

----

----

That said, it's simply not acceptable for us (to echo your words) to put lipstick on a pig and ship a GUI that is pleasant enough, but takes 4 days to sync from scratch, requires 6+gb of RAM, sucks a ton of bandwidth, and is accepted nearly nowhere.

We will deliver a proverbial work of art, but it requires building out parts of the foundation that we had previously viewed as less of a priority (until the 202612 attack). Oh, and we're doing it on like no money, so there's that.

Where is your Gold Donkey now?  

Monero's gains are...driven by excitement about the immanent DB

Is it true?

How do you check MN logs?

golden donkeys are the only credibly decentralised infrastructure model in crypto.

So I did some research on decentralization. My starting point was Wikipedia, https://en.wikipedia.org/wiki/Decentralized_system. That page has a very good description right at the beginning that I want to paste for you. 'A centralised system is one in which a central controller exercises control over the lower-level components of the system directly or through the use of a power hierarchy (such as instructing a middle level component to instruct a lower level component).' Doesn't that sound like MasterNodes?

I know your answer is going to be that MasterNodes don't 'exercise control' but they do. You've just said that they are going to influence performance, which is exercising control. And we definitely know that they act on behalf of Dash users when they are mixing. By that definition the Dash network is 'centralized' and I don't think it's right to argue it any other way.

The Wikipedia article continues, and I think its important to go over some of the sentences and contrast it with Dash and Bitcoin/Monero, because this is a Dash vs Monero thread.

'A decentralised system, on the other hand, is one in which complex behaviour emerges through the work of lower level components operating on local information, not the instructions of any commanding influence.'

In Dash the lower level components (nodes) don't operate on local information. They rely on the MasterNodes to exert control and provide information and provide structure.

'This form of control is known as distributed control, or control in which each component of the system is equally responsible for contributing to the global, complex behaviour by acting on local information in the appropriate manner.'

This is the clearest indication, for me, where we see that Dash is centralized. The components in Dash are not equal. MasterNodes have way more power than ordinary nodes, and that means they are controlling things.

There are other excellent points in that Wikipedia article but I think the point is clear, and that is that Dash is centralized, Bitcoin and Monero are not.

Actually you're still on track for $2.  I timed it close but not perfect.  I could have made more if I had just waited another day.  Oh well. I made enough to fund my extravagant lifestyle for another month.  Gotta love this shit.  Go Dashcoin! 

Lol

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalksearch.org/topic/m.4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalksearch.org/topic/m.4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalksearch.org/topic/m.4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalksearch.org/topic/m.4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalksearch.org/topic/m.4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalksearch.org/topic/m.4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalksearch.org/topic/m.4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!

Keep it classy, Dark-Coin community: