Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4929. (Read 9723748 times)

 EXTRA EXTRA - READ ALL ABOUT IT?

 Just got another Masternode payout 

 This seriously beats any mining gear, whatever specs!

Don't be sorry. In what I consider to be my finest hour since I started trading, I left an order in overnight right on the point indicated by the arrow below and woke up this morning with it filled.

In other news, looks like the 4 hour chart correction's now worked itself fully through. If we get crossover confirmation in the next few hours we'll be into much safer territory as far as trading momentum goes.

So lets consider that for a moment folks:

This puts DRK - at its lowest ebb for a month, with price ultra compacted, the best anon features yet to come, technical problems addressed STILL 4 TIMES THE MARKET CAP OF ITS NEAREST ANON COMPETITOR WHICH REMAINS NEAR ITS ALL TIME, UNCORRECTED HIGH. We could go down to half this price and still be twice the market cap.

With a mere 5 million coin supply, that's saying that the value is all in the fundamentals now.

If you really think those competitors are going to mount a serious challenge that warrants any more than directing some spare change at, then, well - that bridge is always available  

Good job man!! This community ROCKS !

Correct. IMO it's about "functional anonymity." Make it so hard to crack that NSA would have to invest far more resources than it would be worth.

Government-proofing is not that hard. 99% of the countries do not have NSA-level resources to crack shit, including China - as China does not control the TOR network, cloud services, all internet backbones etc etc.

Proofing it against the US-government in particular (NSA) is the hard part.

Response from blackcoin pool...
we will see if. they update quick or not...
---------------
 Hi,
I am checking into this right now.

Ticket: http://blackcoinpool.freshdesk.com/helpdesk/tickets/184

That's a moot point.

Information is big money.

Government is corrupt as hell, and the NSA/FBI is accused of selling information to the highest bidder anyway.

So, a half-assed anonymity will not help anyone.

We need anonymity that - should NSA try to connect the dots - they can only crack by taking very exhaustive and very time and money consuming measures.

That's good anonymity, to make it very hard to even the guy who has billions of funding.... so that it eats away his funding very fast, if he tries to crack your code or scan your network.

Make it as hard as possible.

This!!! is the post which is worth quoting  

Right, Andreas did explain this in a amusing way.

 But the thing that I was wondering about to begin with, is the x11 hash really impervious to the 51% attack ? I was just finding that out from a random guy on the internet and Im wondering if that is the case.

Yes, of all the things I want to see happening in the remaining decades of my life, seeing the real life satoshi coming back is one of those things. 

I think the idea is that if Ghash had actually tried to launch an attack, the devs would have pushed through a protocol change to ban them, forking the network and causing their now-orphaned chain to be worthless. They might get a few double-spends in, but that would be all. Assuming, of course, the everybody updated quickly, which they likely would since the "ban" of 51% of mining power would cause a massive difficulty drop and consequently greater mining rewards to those who began mining on the "correct" chain.

P.S. This would undoubtedly create a major market crisis, but in the end, things should settle onto the correct chain as miners realize that an attack is under way. Plus it really, really wouldn't surprise me if the devs have a way of contacting Satoshi. It's always been a theory of mine that if there was ever a truly major crisis, Satoshi might come forward to shepherd us through with the enormous weight of his credibility. I could be wrong, but I doubt that Satoshi is completely done with Bitcoin.

The way I understand it, is , if GHash tried to do something fishy, as a counteraction the bitcoin code could have been updated so that their FALSE blockchain would have been rejected by everybody.

I don't understand the details though. Good thing is that many miners started to leave ghash.io and join smaller pools, so all this never became necessary.

First, congrats eltito! Also, thank you for the great PR job. I'm very encouraged to have an official voice posting here. It's also good to know that Evan and the others now have more time to code since they have you to take the community relations load off their shoulders.

I have a few comments, most of them simply reiterate what tantestefana, el presidente, and AlexGR have been saying all along, but here goes:

When the price of an asset changes, I start doing research to find out why. Have any of the fundamentals changed? If not, then there is no reason to reevaluate my investment. Despite the recent dumps, DRK has the some fundamentals and same potential as it has had for the last month that I've been following it.

a) First mover advantage in the anonymity field. How many innovations have there been in crypto since 2009? And yet BTC is still the granddaddy of everything. First mover/network effect is a really, really big deal. Even if other coins develop superior technology, DRK is likely to have a significant lead simply for this one reason only.

b) A functional anonymity solution with secret, yet apparently amazing, new privacy features coming in RC4. Guys, let's face it, nobody is likely to outwit the NSA/FBI when it comes to anonymous solutions. Barring some outrageous development, government organizations with many billions in funding will likely still be able to connect the dots. The point isn't to hide transactions from the government per se, it's to obfuscate them well enough so that other people can't see your "checkbook."

c) Competing anonymity solutions don't have any compelling advantages. There are a few interesting things, granted, like using I2P and stealth addresses, but most of them have fatal flaws, or at least significant weaknesses.

d) Darkcoin has developed the first real proof of service model with its masternode system. This can be used to backstop "thin" clients, to partially solve the problem of blockchain storage, and likely to add additional features which people haven't even considered yet.

e) Darkcoin has developed the spork system of introducing protocol changes, which when perfected could be a very powerful innovation.

f) Darkcoin has an incredibly talented dev team that I have great confidence in.

g) Masternodes are getting paid. It may not be by 100% of pools as we would like, but at least it's happening. People act as if they'd rather not be getting paid at all! Myself, I'd rather get paid half the time than not get paid at all. But YMMV. In a few weeks, with RC4, it will be a non-issue.

h) Media attention. Anonymity is the next big thing in crypto, and this will be getting a lot of media attention I believe. I also think that with LTC's inevitable decline and DRK's future growth, once we cross that line and become the #2 crypto, media attention is going to EXPLODE. Remember, John Q. Public is slow to figure things out, and even media sometimes misses the early developments. Guarantee when some people start looking at market cap charts and see DRK cross the #2 line, that's going to bring a lot of attention...

The bottom line, for me, is that the fundamentals are unchanged, and so my original investment decision is also unchanged. Again, YMMV.

What where?

Earn your own DRK coins by mining at the multipool. Not only that, you can earn DRK using your old ASIC hardware on SHA256 and SCRYPT coins!


 

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So the Ghash thing did not happen ? last month there was a 12hr window where they had 51% of the mining power .. or am I mistaken 

 

Andreas Antonopoulos has very well explained in this 3 minute video why a 51% attack is not really a problem anymore with bitcoin:

https://www.youtube.com/watch?v=yWTQgmCuiCw

It's a problem with small altcoins, but not with bitcoin anymore.

Sorry people who thought they could buy back in below 0.01

My camera does that too sometimes... it's something in the digital steadyshot algorithm that does that with the background...

lol, and you think it's the green screen waving, and everything is a conspiracy, hm?...  

Sorry, but I don't think so.