Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3406. (Read 9723776 times)

thanks for this. the final values presented here reflect a chain of 8 MN's, correct?
but the default for DarkSend is set at 2 (or less than 8 anyway). is this also correct? obviously 8 is exponentially better than 2.

Please correct any mistakes. thanks.

You have that utterly arse backwards.

90% of mining goes through 5 pools. And you would need at most 3 of them to control or destroy the coin.

Mining provides exactly fuck all security.

Risk Management 101 - Why Serious Investors won't touch DRK:


Serious Investor: "I've heard about these decentralised currencies, like Darkcoin, where no one person or group controls the currency, what do you think, pet Security Analyst?"

Security Analyst: /goes away for two minutes and finds this graph - https://chainz.cryptoid.info/drk/#!extraction

Security Analyst: "Actually boss they aren't decentralised at all."

Serious Investor: "What do you mean?"

Security Analyst: "Well in theory the security of the network is provided by many thousands of individuals and their mining machines, but in practice only 2 people and 2 machines need to be compromised to own, dictate the policy of, or destroy the coin."

Serious Investor: "But aren't there many thousands of miners?"

Security Analyst: "There are, but 1000000 miners all directing their efforts through 2 pools is from a security POV exactly the same as there being just 2 miners. Control those 2 pools, or the people that run them, and you effectively own the whole currency."

Serious Investor: "Well, I'll be taking my $millions elsewhere then, thanks."

You have that utterly arse backwards.

90% of mining goes through 5 pools. And you would need at most 3 of them to control or destroy the coin.

Mining provides exactly fuck all security.

If I was strategy commander for Darkcoin (which I'm not by the way   ), I'd create some kind of contingency whereupon the mining majority could somehow protect the masternode majority in some kind of symbiotic dependency.

i.e. to subvert the masternode population you'd have to subvert the mining population as well.

This is unofficial, please do your own math, but it should give you a good idea:

This is unofficial, please do your own math, but it should give you a good idea:

edit: thelonecrouton, do you know some mathematical analysis, paper or something which shows why pool users gain more block rewards (pool finds more blocks statistically) than solo miners?
My assumption would be there is no difference at inifinite time

ChildHarold is most definitely a concern troll, offering no facts and just trying to create a discussion hoping to include his solution as an alternative when it is not. The easiest way to respond to this is with facts so here we go:

A concerned user could mix his coins using Darksend to a depth of 8 rounds, assuming a network of 1300MN,  a person controlling 100 MN would have a 0.000000093986159131% chance of uncovering a particular transaction.

A person controlling 50% of the network, meaning owning 650MN, would have a chance of 0.382253675331956000% of uncovering a specific transaction. In this case he would have to acquire 650000DRK in the open markets which would sky rocket the price, and do this knowing he has 99.62% probability of not uncovering the transactions he is looking for.

The system is very well designed  an attacker would have to control 90% plus of the network to have a chance of around 40% of uncovering a transaction at which point he would be the only one with Darkcoins and the price would surge to the thousands.

Having said this, a really concerned user could just send his coins through more rounds. Other anon systems are vulnerable to sybil attacks too and use secret keys or cryptography that could one day be uncovered. Darksend is future proof.

Besides this solid anon solution, it supports instantaneous transactions and the ahead of time mixing prevents timing analysis. It is really best balanced all around anon coin in the market and the market recognizes this period.