[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4071.

tungfa

legendary

Activity: 1834

Merit: 1023

Quote from: gadado on September 15, 2014, 11:34:27 AM

Ahh!! Evan you spoiled my pattern analysis with your instant transactions news! Grin

Now this looks good. Downward channel broken finally!

Hahaaaa
see, you and your charts man
honestly in this crypto world they do not work
you never know what might hit you tomorrow !
Cool

tungfa

legendary

Activity: 1834

Merit: 1023

0.00710000 and counting !! ...>>
Grin

gadado

hero member

Activity: 965

Merit: 515

Ahh!! Evan you spoiled my pattern analysis with your instant transactions news! Grin

Now this looks good. Downward channel broken finally!

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: Walter_S on September 15, 2014, 10:37:55 AM

Quote from: droptable on September 15, 2014, 10:28:43 AM

0.0065

This solution Evan has devised could be a game changer. The biggest thing holding back crypto from mainstream use as a currency is the relatively high transaction time vs traditional payment methods such as card transactions and paypal etc. If transaction time can be reduced to under 30 seconds then it becomes a viable option for payment of day-to-day transactions such as groceries, restaurants, fuel, impulse purchases.

Very exciting!

To be real, bitcoin is already instant.. it is just confirmations that you have to wait for..

NO-ONE is going to try and double spend on the bitcoin blockchain for a pack of smokes.. only large transactions do you have to wait for confirmation..

I have sold bitcoins locally thousands INSTANTLY on the blockchain using the iphone app...

Walter_S

sr. member

Activity: 310

Merit: 250

Quote from: raganius on September 15, 2014, 11:19:34 AM

Quote from: eduffield on September 15, 2014, 09:06:44 AM

Quote from: tungfa on September 15, 2014, 12:53:44 AM

Quote from: raze182 on September 14, 2014, 11:22:44 PM

Quote from: IRC

9/14 8:51 pm I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14 8:52 pm It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14 8:52 pm Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14 8:52 pm It also fixes the finney attack, which is another huge problem for bitcoin
9/14 8:56 pm =) thats some good news
9/14 8:56 pm lemme know when you need testers
9/14 8:57 pm Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14 8:58 pm It's simple, elegant, instant and will cost a ton of money to subvert. Perfect Cheesy

9/14 8:59 pm does that have any technical implication on how transactions are processed and blocks?
9/14 8:59 pm from a pool standpoint
9/14 8:59 pm nope.
9/14 8:59 pm It's not even a hard fork
[...]
9/14 9:25 pm interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14 9:27 pm It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14 9:27 pm right*
9/14 9:28 pm It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

WHOWWWW
this is great !!
now we just need an official statement from Evan to make this Public for real !!!!

Yes, it's real and the solution is really cool

I'll be publishing a paper soon to explain all of the details.

Quote from: TaoOfSaatoshi on September 15, 2014, 02:43:55 AM

Holy fuck guys,

We've got a genius dev, almost 1 million coins out of circulation in MasterNodes, anonymous transactions, AND now instant transactions? Why would you still be in Bitcoin?

I can hear the VCs lining up as we speak....

Tao

Yes, it's sooo great! Evan, you indeed are a genius! I love you! man, you are entering the Humankind History! That's a revolution going on!

So good to wake up with such good news!

Thank you!

Some serious buy volume building up at mintpal. Seems like the whales might be moving in...

qwizzie

legendary

Activity: 2548

Merit: 1245

georgem

legendary

Activity: 1484

Merit: 1007

spreadcoin.info

Quote from: BrainShutdown on September 15, 2014, 11:17:48 AM

My guess is that masternodes will be involved in those instant transactions Grin

It has to.

Since instant transactions won't involve the blockchain or a fork it can only be something that the masternodes do.

Propulsion

hero member

Activity: 658

Merit: 500

The Buck Stops Here.

Private Visa/Mastercard Network. Shocked

raganius

sr. member

Activity: 308

Merit: 250

Quote from: eduffield on September 15, 2014, 09:06:44 AM

Quote from: tungfa on September 15, 2014, 12:53:44 AM

Quote from: raze182 on September 14, 2014, 11:22:44 PM

Quote from: IRC

9/14 8:51 pm I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14 8:52 pm It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14 8:52 pm Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14 8:52 pm It also fixes the finney attack, which is another huge problem for bitcoin
9/14 8:56 pm =) thats some good news
9/14 8:56 pm lemme know when you need testers
9/14 8:57 pm Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14 8:58 pm It's simple, elegant, instant and will cost a ton of money to subvert. Perfect Cheesy

9/14 8:59 pm does that have any technical implication on how transactions are processed and blocks?
9/14 8:59 pm from a pool standpoint
9/14 8:59 pm nope.
9/14 8:59 pm It's not even a hard fork
[...]
9/14 9:25 pm interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14 9:27 pm It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14 9:27 pm right*
9/14 9:28 pm It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

WHOWWWW
this is great !!
now we just need an official statement from Evan to make this Public for real !!!!

Yes, it's real and the solution is really cool

I'll be publishing a paper soon to explain all of the details.

Quote from: TaoOfSaatoshi on September 15, 2014, 02:43:55 AM

Holy fuck guys,

We've got a genius dev, almost 1 million coins out of circulation in MasterNodes, anonymous transactions, AND now instant transactions? Why would you still be in Bitcoin?

I can hear the VCs lining up as we speak....

Tao

Yes, it's sooo great! Evan, you indeed are a genius! I love you! man, you are entering the Humankind History! That's a revolution going on!

So good to wake up with such good news!

Thank you!

BrainShutdown

legendary

Activity: 1052

Merit: 1004

My guess is that masternodes will be involved in those instant transactions Grin

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: Drobek on September 15, 2014, 10:58:57 AM

Basically there are two possibilities now for the price in a short-term (next few hours/days):
1) Instant payments won't be feasible: Price will drop by 10%
2) Instant payments will be feasible - it is going to be a breakthrough increasing price by 100% - xxx%.

I feel like it is a good time to play Wink

Well the audit from Kristov is finished, and there is much to be done here actually.
It will be interesting to see what will Evan and the team address first (some are already fixed from the looks of it). When all of them are fixed, and instant transactions.. I don't know. DRK would almost be perfect.

Walter_S

sr. member

Activity: 310

Merit: 250

Quote from: qwizzie on September 15, 2014, 11:05:40 AM

Quote from: eduffield on September 15, 2014, 09:06:44 AM

Quote from: tungfa on September 15, 2014, 12:53:44 AM

Quote from: raze182 on September 14, 2014, 11:22:44 PM

Quote from: IRC

9/14 8:51 pm I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14 8:52 pm It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14 8:52 pm Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14 8:52 pm It also fixes the finney attack, which is another huge problem for bitcoin
9/14 8:56 pm =) thats some good news
9/14 8:56 pm lemme know when you need testers
9/14 8:57 pm Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14 8:58 pm It's simple, elegant, instant and will cost a ton of money to subvert. Perfect Cheesy

9/14 8:59 pm does that have any technical implication on how transactions are processed and blocks?
9/14 8:59 pm from a pool standpoint
9/14 8:59 pm nope.
9/14 8:59 pm It's not even a hard fork
[...]
9/14 9:25 pm interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14 9:27 pm It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14 9:27 pm right*
9/14 9:28 pm It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

WHOWWWW
this is great !!
now we just need an official statement from Evan to make this Public for real !!!!

Yes, it's real and the solution is really cool

I'll be publishing a paper soon to explain all of the details.

gotta love those eureka moments

Well if his solution turns out to be viable then it's HUGE... Can't wait to see what it is

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: eduffield on September 15, 2014, 09:06:44 AM

Quote from: tungfa on September 15, 2014, 12:53:44 AM

Quote from: raze182 on September 14, 2014, 11:22:44 PM

Quote from: IRC

9/14 8:51 pm I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14 8:52 pm It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14 8:52 pm Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14 8:52 pm It also fixes the finney attack, which is another huge problem for bitcoin
9/14 8:56 pm =) thats some good news
9/14 8:56 pm lemme know when you need testers
9/14 8:57 pm Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14 8:58 pm It's simple, elegant, instant and will cost a ton of money to subvert. Perfect Cheesy

9/14 8:59 pm does that have any technical implication on how transactions are processed and blocks?
9/14 8:59 pm from a pool standpoint
9/14 8:59 pm nope.
9/14 8:59 pm It's not even a hard fork
[...]
9/14 9:25 pm interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14 9:27 pm It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14 9:27 pm right*
9/14 9:28 pm It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

WHOWWWW
this is great !!
now we just need an official statement from Evan to make this Public for real !!!!

Yes, it's real and the solution is really cool

I'll be publishing a paper soon to explain all of the details.

gotta love those eureka moments

Drobek

sr. member

Activity: 504

Merit: 251

Again, I am talking about the short term.
Instant payments in the mid-term is an unprecedented winner, particularly if it involves hard-to-replicate MasterNode system in place

Drobek

sr. member

Activity: 504

Merit: 251

Basically there are two possibilities now for the price in a short-term (next few hours/days):
1) Instant payments won't be feasible: Price will drop by 10%
2) Instant payments will be feasible - it is going to be a breakthrough increasing price by 100% - xxx%.

I feel like it is a good time to play Wink

vertoe

hero member

Activity: 518

Merit: 505

Quote from: Walter_S on September 15, 2014, 10:37:55 AM

Quote from: droptable on September 15, 2014, 10:28:43 AM

0.0065

This solution Evan has devised could be a game changer. The biggest thing holding back crypto from mainstream use as a currency is the relatively high transaction time vs traditional payment methods such as card transactions and paypal etc. If transaction time can be reduced to under 30 seconds then it becomes a viable option for payment of day-to-day transactions such as groceries, restaurants, fuel, impulse purchases.

Very exciting!

installer

full member

Activity: 294

Merit: 100

price to 58 soon

Cryptosis

full member

Activity: 280

Merit: 102

Maybe this will be what's needed to top LTC. Can't wait for that to happen.

innergy

hero member

Activity: 685

Merit: 500

Some noob ideas here.. Grin

1. What if we can provide something like DNS service based on masternodes which converts wallet addresses to unique names/accounts. Not every address of course, only on your wish. It'll be so easier to send coins to something familiar.. Cool

2. What if we can provide F2A for a wallet passphrase to unlock and send coins?

klintay

legendary

Activity: 1775

Merit: 1032

Value will be measured in sats

Quote from: Walter_S on September 15, 2014, 10:37:55 AM

Quote from: droptable on September 15, 2014, 10:28:43 AM

0.0065

This solution Evan has devised could be a game changer. The biggest thing holding back crypto from mainstream use as a currency is the relatively high transaction time vs traditional payment methods such as card transactions and paypal etc. If transaction time can be reduced to under 30 seconds then it becomes a viable option for payment of day-to-day transactions such as groceries, restaurants, fuel, impulse purchases.

Very exciting!

DRK to the moon baby. Next stop is $6 usd. LTC we have you in our sights Wink

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4071. (Read 9723776 times)