[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2586.

BigTimeProducer

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Activity: 171

Merit: 10

Quote from: bluebit25 on March 22, 2015, 02:02:20 PM

I don't know if anybody has brought this up yet, but I think it would be wise to have Dash users get paid for holding on to their coins. Masternode operators already get paid for mixing, etc But for the average user that doesn't want to take time to learn how to setup a Masternode or doesn't have 1000 coins, it would be nice if they could "lock in" their coins. Once locked in they earn interest on them. Has this been discussed? Would this be a hard fork? Who want want to see this in a future update?

That's called 'proof of stake' and generally has it's own problems - some basic criticism here but there have been deeper discussions about it: https://en.wikipedia DOT ORG /wiki/Proof-of-stake#Criticism

bluebit25

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Activity: 1708

Merit: 295

https://bitlist.co

I don't know if anybody has brought this up yet, but I think it would be wise to have Dash users get paid for holding on to their coins. Masternode operators already get paid for mixing, etc But for the average user that doesn't want to take time to learn how to setup a Masternode or doesn't have 1000 coins, it would be nice if they could "lock in" their coins. Once locked in they earn interest on them. Has this been discussed? Would this be a hard fork? Who want want to see this in a future update?

coins101

legendary

Activity: 1456

Merit: 1000

Irrelevant trivia

DASH is the USDA recommended dietary plan since 2010.

illodin

hero member

Activity: 966

Merit: 1003

http://community.lawyers.com/forums/t/111322/551670.aspx

Anyone know how that story ended?

Interesting case anyhow, thoughts?

Lukas_Jackson

hero member

Activity: 615

Merit: 501

Quote from: Minotaur26 on March 22, 2015, 11:34:57 AM

DASH: Building decentralized infrastructure through incentivized full-node operation.

...

Beautiful.
In the near future I will be able to buy myself more time and I will 'spam' my local area with info about Dash.

illodin

hero member

Activity: 966

Merit: 1003

As long as DASH is the market leader there's gonna be everyone else trying to piggyback on it and comparing themselves to it on any aspect they deem favorable. If DASH had marketcap of $500,000 no one would give a shit.

Compare this to pretty much every coin out there (including DASH) comparing themselves to Bitcoin telling how much more features they have or on which aspects they are "better". It's basically the same thing.

Lukas_Jackson

hero member

Activity: 615

Merit: 501

Quote from: celestio on March 22, 2015, 11:37:05 AM

Name me a reason why Evan would release the mining code to the small amount of people that use Linux, instead of Windows(IOS) or any other popular operatin system? Well, there is no reason besides it being an intentional scam.

Because Windows is not free you moron (moron? is it a synonym of something?)

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: illodin on March 22, 2015, 12:47:52 PM

Would be funny if DASH decided to migrate to CryptoNote blockchain and preserve masternodes to provide further off chain mixing, serving as full nodes, instant transactions, and other services. That would render monero obsolete overnight.

But then again, CN blockchain can't go where DASH wants to go. It can't scale to handle the amount of transactions DASH is aiming for.

ZeroCash renders Monero redundant overnight.

Sub-Ether

sr. member

Activity: 434

Merit: 250

Quantum entangled and jump drive assisted messages

Quote from: BrainShutdown on March 22, 2015, 12:41:17 PM

Quote from: celestio on March 22, 2015, 11:37:05 AM

I'm just trying to defend the poor people who didn't know how to use linux to mine dark in the beginning and didn't bought thousands of coins for less than $0.20 each at that time...

So you are some kind of wannabe crypto robin wood eh?

A concern troll! He worries our well fare so much.
same could to be said about bitcoin early on, this is a leading statement called a vacuous truth by the sounds,
http://en.wikipedia.org/wiki/Vacuous_truth

illodin

hero member

Activity: 966

Merit: 1003

Would be funny if DASH decided to migrate to CryptoNote blockchain and preserve masternodes to provide further off chain mixing, serving as full nodes, instant transactions, and other services. That would render monero obsolete overnight.

But then again, CN blockchain can't go where DASH wants to go. It can't scale to handle the amount of transactions DASH is aiming for.

BrainShutdown

legendary

Activity: 1052

Merit: 1004

Quote from: celestio on March 22, 2015, 11:37:05 AM

I'm just trying to defend the poor people who didn't know how to use linux to mine dark in the beginning and didn't bought thousands of coins for less than $0.20 each at that time...

So you are some kind of wannabe crypto robin wood eh?

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: oaxaca on March 22, 2015, 12:09:31 PM

From the Wikipedia page:

Code:

...Linux (Listeni/ˈlɪnəks/ LIN-uks[4][5] or, less frequently used, /ˈlaɪnəks/
LYN-uks)[5][6] is a Unix-like and mostly POSIX-compliant[7] computer operating
system assembled under the model of free and open-source software development
and distribution. The defining component of Linux is the Linux kernel,[8] an
operating system kernel first released on 5 October 1991 by Linus Torvalds.[9][10].
On 12 October 1991, Linus Torvalds granted exclusive use of Linux to a small group
of cryptocurrency[11] developers and their friends to instamine an unnamed payment
platform later to be known as DASH[12]. This agreement prohibits anybody not in
this small group from using Linux for any purpose whatsoever...

I bet that beardless bastard Torvalds got his cut! I bet he's running 51% of the Masternodes right now! Angry

Smug instamining git and his mascot of doom:

oaxaca

hero member

Activity: 671

Merit: 500

Quote from: jiggytom on March 22, 2015, 12:10:52 PM

Quote from: oaxaca on March 22, 2015, 12:09:31 PM

From the Wikipedia page:

Code:

...Linux (Listeni/ˈlɪnəks/ LIN-uks[4][5] or, less frequently used, /ˈlaɪnəks/
LYN-uks)[5][6] is a Unix-like and mostly POSIX-compliant[7] computer operating
system assembled under the model of free and open-source software development
and distribution. The defining component of Linux is the Linux kernel,[8] an
operating system kernel first released on 5 October 1991 by Linus Torvalds.[9][10].
On October 12 1991, Linus Torvalds granted exclusive use of Linux to a small group
of cryptocurrency[11] developers and their friends to instamine an unnamed payment
platform later to be known as DASH[12]. This agreement prohibits anybody not in
this small group from using Linux for any purpose whatsoever...

Seems legit.

If you are reading this on the internet, it's got to be true.

Sub-Ether

sr. member

Activity: 434

Merit: 250

Quantum entangled and jump drive assisted messages

Dash is working on mainnet with windows if you dare try it.
when you install it make sure you create alternate new folder if you want to run darkcoin and dash at the same time.
Then you create and set config in dash folder to:
listen=0
Now you can transfer coins from old wallet to new wallet, with both hot together, dashingly simple Grin

jiggytom

legendary

Activity: 1068

Merit: 1020

Quote from: oaxaca on March 22, 2015, 12:09:31 PM

From the Wikipedia page:

Code:

...Linux (Listeni/ˈlɪnəks/ LIN-uks[4][5] or, less frequently used, /ˈlaɪnəks/
LYN-uks)[5][6] is a Unix-like and mostly POSIX-compliant[7] computer operating
system assembled under the model of free and open-source software development
and distribution. The defining component of Linux is the Linux kernel,[8] an
operating system kernel first released on 5 October 1991 by Linus Torvalds.[9][10].
On October 12 1991, Linus Torvalds granted exclusive use of Linux to a small group
of cryptocurrency[11] developers and their friends to instamine an unnamed payment
platform later to be known as DASH[12]. This agreement prohibits anybody not in
this small group from using Linux for any purpose whatsoever...

Seems legit.

kointrend

hero member

Activity: 655

Merit: 500

Quote from: Minotaur26 on March 22, 2015, 11:34:57 AM

DASH: Building decentralized infrastructure through incentivized full-node operation.

Masternodes is how DASH calls their full nodes. Every coin needs full nodes for the security and function of the network.

From this Coindesk article: http://www.coindesk.com/bitcoin-nodes-need/

Quote

"To function to its full potential, the bitcoin network must not only provide an avenue for transactions, but also remain secure. By using a number of randomly selected nodes, the network can reduce the problem of double spending – when a user attempts to spend the same digital token twice.

However, bitcoin doesn't just need nodes, it requires lots of fully functioning nodes – nodes that have the bitcoin core client on a machine instance with the complete block chain. The more nodes there are, the more secure the network is. This is one of the reasons there is a plan to put bitcoin nodes in space, and that the plan has important implications for bitcoin. The problem is, the number of nodes on the network is dropping, and core developers believe it may continue to do so."

There are two main differences between DASH full-nodes(Masternodes) and other crypto currencies full nodes. In DASH full-node operators are incentivized and the DASH network requires a 1000DASH collateral to run a node.

From, the same Coindesk article Bitcoiners have found lack of incentive to be one of the main reasons for the drop in nodes:

Quote

"Unlike bitcoin mining, where participants are rewarded for confirming transactions, running a bitcoin node does not provide any incentive. The only benefit for someone to run a node is to help protect the network, and based on the Bitnodes data, the number of people interested in supporting the network with a full node is waning.

There could be a number of reasons for that.

For one thing, running a full node utilizes the resources of a machine for basically no monetary return. Plus, the collapse of Mt. Gox has likely left many people with less desire to support the digital currency."

On the other hand, the lack of a collateral makes it free for people to Sybil attack the network and spoof transactions. From this link http://www.reddit.com/r/Bitcoin/comments/2yvy6b/a_regulatory_compliance_service_is_sybil/ you can see:

Quote

"A "regulatory compliance" service is sybil attacking Bitcoin with surveillance nodes to deanonymize transactions."

Another issue of lack of incentive to run full-nodes is that as crypto-networks grow it leads to more centralitzation:

Quote

"Members of the bitcoin community seem to be losing interest in hosting full nodes. And it's something to pay attention to, because over time it might mean that the major companies in the industry may have to pick up the slack.

If larger players are taking up the role of supporting the network as full nodes, though, it continues to lessen the amount of decentralization the network has at an infrastructure level."

DASH strategy solves all of these issues, through collateral requirement and incetivized full-node operation.

Once you have a decentralized network of full nodes, where you can count on updates, committed operators and protection from bad actors, all tied to your blockchain. You can really start building features and services over it to provide added value services to end users.

So far DASH has implemented on this platform:

1. Better fungibility and privacy than other existing solutions, by using denominations and pre-emptive mixing, effectively creating digital cash. In DASH you can divide your money into denominations: 0.1, 1, 10, 100, mix it preemptively with other users in the network in a completely trustless and decentralized way and finally use it to pay for things just like with cash.

2. Instant transaction confirmations without creating any additional bloat in the blockchain. This technology will allow for crypto-currencies such as DRK/DASH to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. It shortens the delay in confirmation of transactions to as little as 4 seconds.

Planned features:

3. 2FA at the protocol level
4. Pruning and scalability
5. Additional decentralized features and services yet to be revealed.

This is DASH's added value proposition. Please discuss.

References:
http://www.coindesk.com/bitcoin-nodes-need/
http://www.reddit.com/r/Bitcoin/comments/2yvy6b/a_regulatory_compliance_service_is_sybil/

I like this. I'll twit it

oaxaca

hero member

Activity: 671

Merit: 500

From the Wikipedia page:

Code:

...Linux (Listeni/ˈlɪnəks/ LIN-uks[4][5] or, less frequently used, /ˈlaɪnəks/
LYN-uks)[5][6] is a Unix-like and mostly POSIX-compliant[7] computer operating
system assembled under the model of free and open-source software development
and distribution. The defining component of Linux is the Linux kernel,[8] an
operating system kernel first released on 5 October 1991 by Linus Torvalds.[9][10].
On 12 October 1991, Linus Torvalds granted exclusive use of Linux to a small group
of cryptocurrency[11] developers and their friends to instamine an unnamed payment
platform later to be known as DASH[12]. This agreement prohibits anybody not in
this small group from using Linux for any purpose whatsoever...

Macrochip

sr. member

Activity: 465

Merit: 250

Quote from: easycryptonet on March 22, 2015, 11:55:46 AM

Quote from: ?? on ??

THE FACTS ABOUT DARK COIN

1. released without windows QT so that only dev and pals could mine it.

it's funny to read on a forum about cutting edge technologies people complaining about linux use...
are you serious? can this be true? Huh

"Satoshi and his pals mined the first Bitcoin without us, it must be a scam! wahhh wahh waaaaahhh!!"

Yeah, it's all a big conspiracy Tongue

easycryptonet

newbie

Activity: 11

Merit: 0

Quote from: ?? on ??

THE FACTS ABOUT DARK COIN

1. released without windows QT so that only dev and pals could mine it.

it's funny to read on a forum about cutting edge technologies people complaining about linux use...
are you serious? can this be true? Huh

Kienbui

sr. member

Activity: 478

Merit: 250

Dash has an official new logo:

https://darkcointalk.org/threads/v0-11-2-x-testing.4202/page-17

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2586. (Read 9723748 times)