Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5216. (Read 9723768 times)

You know, I don't mind the idea of ASICs but if the manufacturers and all the middle men are using them before they go out to the consumers to rape a coin, and there is no way to keep that from happening, then I'm all for having a policy of changing algorithms the moment an ASIC is announced.  Of course there are only so many proven algorithms... so I'm not sure how that could work.  But if it's done often enough (say as long as it would normally take to manufacture a new ASIC), then I'd bet the first time it happens and the manufacturers / middle men lost all their money, the threat would be very well diminished.  Actually, we probably need something that can be changed in such a way that the ASICs can not predict, but perhaps the algorithm can change in such a way an infinite number of times, and all it requires is hard coded in the coin (so no forks) yet is random.  But I know nothing of these things, so this may not be possible, and have an ASIC that can't follow, so???

Bitcoin investors seem very susceptable to fud.  This isn't the first time there's been a "omg mehbe 51% attack SELLSELLSELL" and im sure it wont be the last..  Because
it always works.


edit: in other btc news:

http://gizmodo.com/yep-you-can-pay-for-college-in-bitcoin-now-1590545022

Actually, there's some major panic buying going on right now over on BTC-e in the US Dollar market. The price got to 540 and than mass buy-ins and huge 5-minute green candle set in. Looks like a lot of people are just fine with the 51% "FUD" (which is what it is).

This is high quality Grade-A BTC fud. BTC is not going to die to a 51% attack, and in all honesty I highly doubt someone like Peter there would sell 50% of their BTC because of this....unless they simply wanted to buy back in lower.

It's the same with all the shit people say about the price of DRK in this thread. Call my cynical but imo nearly all of them have their own agendas and it's ENTIRELY too easy to make yourself money in this market by playing on people's emotions. Just be careful out there!

Maybe you should warn investors of a "possible" 2-3% daily inflation affecting their investment. I bought in without doing my homework and then saw my money go down the drain because price spikes cannot be preserved: They require too many BTCs per day. So, in a sense, MRO does not fulfill the criteria necessary for being adequate store of value. There'll come a day, after a few years, that this will be the case. But right now? No.

It's good for trading though... gradual price degradation (botnets selling MROs) is followed by predictable big-money backing, so you pick up cheap MROs knowing that some of the big guys want to cost-average their buy position and then sell them back to them at slightly higher levels.

DRK on the other hand has superior store-of-value characteristics and also allow one to get ROI of their coins, instead of debasing them like crazy.


The only reason why any GPU-mineable coin is ASIC-resistant, is because there is no ASIC created for it.

When a GPU miner emerges for an algorithm, you can be 100% certain that it can be ASIC-ed at some future point, if an ASIC manufacturer wants to do so. However even if a coin is cpu-only, a botnet can easily do a 51% compared to legitimate users. Or if it's a GPU coin, a pool might become too large and control 51% anyway.

something i am quite shure of... IF BITCOIN GOES DOWN.... THERE IS NO MORE AN "ALT-SCENE" This 51% situation in bitcoin is something we should take very serious... May be Evan should think about possibilities to make the asic-resistence even higer... or make pool mining impossible completely... i am no techy but now is the time to come up with ideas!... Thoughts?

everybody should read this
http://hackingdistributed.com/p/2014/06/13/in-ghash-bitcoin-trusts/

Thanks. Feel free to use it to promote DRK.

Just brilliant 

Supply has all but dried up below 181.

(Make sure you "think outside of the box" before interpreting that observation    )

Thanks - not sure if I should take that as a compliment or not 

Added : https://bitcointalksearch.org/topic/m.7308905
not interested in anymore.

This increases the need for diversification away from BTC to alts. Pulling out of crypto, given its booming dynamic, seems counterproductive to one's own pocket in the long run - unless one expects a crash where he can rebuy far lower.

DRK seems quite safer in regards to hashpower distribution: http://drk.poolhash.org/poolhash.html

As for the masternode taking the vector, no it doesn't save DRK - same rules still apply. But it does allow a bigger decentralization of future rewards.

Say, today, 100% of bitcoin production goes to ASIC miners. However in DRK this will never be the case even if X11 is totally ASIC'ed... only 80% of new coins will go to ASIC miners and 20% will go to masternode operators. So new coins will not be a 100% grab for ASICs.

Scary read. It was surprising to see Peter Todd selling 50% of his BTC http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/

"It's Time For a Hard Bitcoin Fork"
http://hackingdistributed.com/p/2014/06/13/in-ghash-bitcoin-trusts/

... I can not see bitcoin to do a hardfork. i just dont belive that it will happen.
they rather watch and hope.
(and i  m not sure if the article exaggerates)


the good thing is that the masternode-system takes some of that vector away
(correct me if i m wrong)

Actually predictions are not a big deal. Even the next moron on the street has a 50% chance of being right. The point was mike3 was trying to manipulate the not-so-savvy who had entered DRK more recently than the old guard. I am sure the old guard were laughing and didn't even need to point out this stupidity.



What exposed mike3's intentions were actually from the previous days when he was playing XC shill and tag teaming with another troll on this thread. He later found out that it doesn't work in this thread so he resorted to playing soothsaying nostradamus a couple of days later.

toknormal is also on the watch list. It doesn't matter if he posts positives or negative manipulation. Think outside the box.

People panic because DRK is at 0.018 rather than 0.016?

Aaaaaaaaalll the waaayy to the daaaarkbaaaank

i feel nearly a little sad for  mike x3 what was he saying... he has sold at 0.24 and wanted to buy back at 0.1... (where it will be guaranteed i think he is lurking in here all the time planing a new buyback line @ maybe 0,18... this might be his last chance... 

Mr 1304 got his master node.

Another chunk out of the resistance.

...and hot on his heels, here comes another match made in heaven. Ms 1606 with Mr 1316.

That appears to conclude the running for this particular 15-minute chart wave. Next one starts in maybe 1-2 hours. US traders coming into play then.

If we don't like you, why should we answer your questions. Everything you are so innocuously asking has already been answered before. Why should we spoon feed you the riches.