[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4029.

naxin

full member

Activity: 170

Merit: 100

Quote from: eduffield on September 19, 2014, 10:12:56 AM

We're trending on r/Bitcoin, anyone care to answer them?

http://www.reddit.com/r/Bitcoin/comments/2gv44m/darkcoin_i_just_solved_one_of_the_largest/

Unfortunately you're not going to get much love there - altcoins get downvoted to hell regardless of content.

And it's hard to blame them - the fact is a majority of altcoins are essentially a scam. Darkcoin is one of a few if not the only that in my mind is not a scam or pump and dump or shitcoin or what have you.

So I'm not quite sure how to change perception enough to even get people to read the paper before criticizing it - but as a community we probably should think/talk about it - because that will be our next growth hurdle: getting mainstream cryptocurrency attention as something more than a shitcoin.

camosoul

hero member

Activity: 560

Merit: 500

www.OroCoin.co

Quote from: MyFarm on September 19, 2014, 09:42:23 AM

This is going to get fun once the traders realize this isn't a sell the news situation.

Do you really believe there are traders capable of realizing this?

coins101

legendary

Activity: 1456

Merit: 1000

WTB 4.6m DRK OTC only

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Holy crap... we're are just around the corner of a potential world changing phenomena.

If you can't see it, you're blind.

eduffield

legendary

Activity: 1176

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Dash Developer

We're trending on r/Bitcoin, anyone care to answer them?

http://www.reddit.com/r/Bitcoin/comments/2gv44m/darkcoin_i_just_solved_one_of_the_largest/

Minotaur26

legendary

Activity: 1092

Merit: 1000

Quote from: thefrog on September 19, 2014, 09:58:07 AM

Quote from: stonehedge on September 19, 2014, 09:55:17 AM

Quote from: thelonecrouton on September 19, 2014, 09:53:24 AM

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

To do so would cost the attacker more money that the exploit would be worth.

Lets not rule out the irrational nutcase trying to ruin DRK. Even then, if Vertoe couldn't get hold of 47K DRK without turning heads yesterday...how on earth is anybody going to get hold of 3m DRK?

I am sure that for 50/drk there would be people seling.
which is like 150 milion usd.
Small play money for some.

I am not fud ing... just simple honest question.

You cannot acquire 3M Darkcoins, that is the whole coin supply outside of masternodes, there would just not be a peer to peer currency anymore the attacket would have to attack himself. Plus you cant estimate a purchase of that size with a fix price like 50 USD it is not economically feasible the demand would be extreme and the price would have to go to the thousands no doubt.

Maybe is a feasible attack on a young Darkcoin clone, maybe, but definitely not in Darkcoin.

TaoOfSaatoshi

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Activity: 2156

Merit: 1014

Dash Nation Founder | CATV Host

Quote from: salmion on September 19, 2014, 09:52:30 AM

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

Good luck trying to get hold of 3000000 drk

I'm not selling for anything less than 10,000. Try to get that many DRK; the price would rise exponentially!

#getintothedark

@TaoOfSatoshi

JGCMiner

hero member

Activity: 611

Merit: 500

Quote from: thefrog on September 19, 2014, 09:58:07 AM

Quote from: stonehedge on September 19, 2014, 09:55:17 AM

Quote from: thelonecrouton on September 19, 2014, 09:53:24 AM

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

To do so would cost the attacker more money that the exploit would be worth.

Lets not rule out the irrational nutcase trying to ruin DRK. Even then, if Vertoe couldn't get hold of 47K DRK without turning heads yesterday...how on earth is anybody going to get hold of 3m DRK?

I am sure that for 50/drk there would be people seling.
which is like 150 milion usd.
Small play money for some.

I am not fud ing... just simple honest question.

There are less than 5 mil DRK in existence -- getting 2/3rds of owners to sell to one entity is unrealistic (and would push the price literately to the moon). That pie in the sky "attack vector" is not a reason to shy away from the MAJOR advantages of this system.

Anybody else psyched for instant denomination? Grin

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: thefrog on September 19, 2014, 09:58:07 AM

Quote from: stonehedge on September 19, 2014, 09:55:17 AM

Quote from: thelonecrouton on September 19, 2014, 09:53:24 AM

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

To do so would cost the attacker more money that the exploit would be worth.

Lets not rule out the irrational nutcase trying to ruin DRK. Even then, if Vertoe couldn't get hold of 47K DRK without turning heads yesterday...how on earth is anybody going to get hold of 3m DRK?

I am sure that for 50/drk there would be people seling.
which is like 150 milion usd.
Small play money for some.

I am not fud ing... just simple honest question.

So we all get rich selling our DRK to the super rich villain(s) then launch Darkcoin 2.0 - and the price would need to go way higher than $50 to secure millions of DRK.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: eduffield on September 19, 2014, 09:33:34 AM

Quote from: thelonecrouton on September 19, 2014, 09:29:30 AM

Much faster MN consensus on transactions also inherently secures against all double-spend shennanigans as it greatly reduces the window of opportunity. You now have a few seconds to pull off a heist, not (sometimes many) whole minutes.

Actually, it completely eliminates double spending from being possible. Consensus requires a set of masternodes to agree that a transaction will be considered valid by the network, if they do the whole network honors it. It's as good as block confirmation.

And if the merchant doesn't see the instant validation, then they know something is funny and should wait for block confirmation.

Can you ask Kristov his input (privately or publicly, doesn't matter) on possible vectors that aren't immediately apparent for the proposed system and things that could make it fail?

thefrog

sr. member

Activity: 393

Merit: 250

Quote from: stonehedge on September 19, 2014, 09:55:17 AM

Quote from: thelonecrouton on September 19, 2014, 09:53:24 AM

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

To do so would cost the attacker more money that the exploit would be worth.

Lets not rule out the irrational nutcase trying to ruin DRK. Even then, if Vertoe couldn't get hold of 47K DRK without turning heads yesterday...how on earth is anybody going to get hold of 3m DRK?

I am sure that for 50/drk there would be people seling.
which is like 150 milion usd.
Small play money for some.

I am not fud ing... just simple honest question.

stonehedge

legendary

Activity: 1722

Merit: 1002

Decentralize Everything

Quote from: thelonecrouton on September 19, 2014, 09:53:24 AM

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

To do so would cost the attacker more money that the exploit would be worth.

Lets not rule out the irrational nutcase trying to ruin DRK. Even then, if Vertoe couldn't get hold of 47K DRK without turning heads yesterday...how on earth is anybody going to get hold of 3m DRK?

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: aleix on September 19, 2014, 09:52:50 AM

Quote from: Kai Proctor on September 19, 2014, 09:50:42 AM

Quote from: aleix on September 19, 2014, 09:41:21 AM

Someone please post the "paper" in main alt thread to discuss it with non darkcoiners Tongue

https://bitcointalksearch.org/topic/darkcoin-transaction-locking-and-masternode-consensus-instant-transactions-788681

tnks, I just want to see other people trying to troll this Grin

I read all this months ago. It was part of that which shall not be discussed.

KryptoFoo

sr. member

Activity: 350

Merit: 250

Quote from: stonehedge on September 19, 2014, 08:46:40 AM

Quote

Many impressive features become possible after implementing the transaction locking system
and consensus system into the Darkcoin network. These include a considerable reduction to the
size of the blockchain, a completely backwards compatible architecture and instantaneous
transactions from clienttoclient without waiting for a confirmation.

It's like he launched a new coin today! Holy wow

Kai Proctor

hero member

Activity: 546

Merit: 500

01100100 01100001 01110011 01101000

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

Source: https://www.darkcoin.io/downloads/InstantTX.pdf

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

To do so would cost the attacker more money that the exploit would be worth.

And where exactly are you going to pick up 3000000DRK in a hurry even assuming you had the $1bn+ that doing so would likely cost you?

aleix

legendary

Activity: 1790

Merit: 1100

Quote from: Kai Proctor on September 19, 2014, 09:50:42 AM

Quote from: aleix on September 19, 2014, 09:41:21 AM

Someone please post the "paper" in main alt thread to discuss it with non darkcoiners Tongue

https://bitcointalksearch.org/topic/darkcoin-transaction-locking-and-masternode-consensus-instant-transactions-788681

tnks, I just want to see other people trying to troll this Grin

salmion

hero member

Activity: 560

Merit: 500

Quote from: thefrog on September 19, 2014, 09:51:06 AM

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

Good luck trying to get hold of 3000000 drk

thefrog

sr. member

Activity: 393

Merit: 250

Waht would happen to the consensus if someone took like a lot of money, and bougt online like 3000 mn that he/she/them controll ?
would this not be same sitation like the 51% attack on network hash ?

Kai Proctor

hero member

Activity: 546

Merit: 500

01100100 01100001 01110011 01101000

Quote from: aleix on September 19, 2014, 09:41:21 AM

Someone please post the "paper" in main alt thread to discuss it with non darkcoiners Tongue

https://bitcointalksearch.org/topic/darkcoin-transaction-locking-and-masternode-consensus-instant-transactions-788681

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4029. (Read 9723803 times)