Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5378. (Read 9723748 times)

You lost 2 of your cubes, how can we trust you with our DRK?!?

Thanks for the questions. It does seem like you're missing something. Although, it might not be your fault. The whitepaper is definitely out of date. We've done a lot of work at tweaking the trust model so that it can't be exploited. I'll try to explain how it works briefly, then hopefully if I get time I can revisit the whitepaper soon.

- Masternodes don't have any power over the transactions. They just coordinate the signing. All parties must sign in order for the transaction to be valid. So there's no way to cheat and take the money.
- Users submit collateral. At a later phase if a user doesn't provide the signature as agreed, the transaction will fail. Without colateral this could be done over and over bringing the system to a halt.
- Masternodes have the ability to take the collateral transaction if they wish, but it's paid to the bounty fund. So it doesn't benefit them, it just benefits the community. This removed the incentive to cheat and take the money.

There's no relying on pools at all anymore. Payments to masternodes are done with a voting system embedded into the blockchain. It would take 51% of the mining power to pay the wrong masternode, or another party (because the last few miners to solve blocks must agree on who should be paid)

Transaction currently require 3 parties to be created, so there's a short wait. There are no fake transactions to make that quicker, although this could be done. There's usually 5 or so transaction per 2.5 minutes, so the network should be able to function pretty efficiently under these requirements.

Hoping that helps . Thanks,

Evan

I can't get Mintpal to load. hmm. anyone else having an issue?

I can't get Mintpal to load. hmm. anyone else having an issue?

Good for me.

I can't get Mintpal to load. hmm. anyone else having an issue?

Any suggestion on how to get the blockchain to download?  Been having trouble all day, tried everything I could think of

Please do update.

http://tdrk.poolhash.org/ has testnet info.

The BBC news has an article that a Canadian company has build a quantum computer, without gates, they use something else... now I forgot.  Anyway, NASA bought one with Google... or was it Amazon..?  Anyway, Unless the US government funds all the research AND there weren't money to be made by the private sector, a quantum computer couldn't be kept under wraps.

We don't know if it's distant. They could have quantum computers for something like 10 years and we wouldn't know it because they aren't telling us.

Withholding your capabilities represents a strategic advantage over your opponents. QCs can break military-grade encryption. It's highly unlikely a country would say "ok, we can make our opponents encryption redundant" because then they would force them into upgrading. It's better to let them sleep. That's precisely why I can't base my money on the QC-dependency / "ass-umption". Technologies with military applications have been known to be withheld for over 10 years. Imagine this happening with disruptive technologies for society at large (economic systems, banks etc) such as QCs...

As long as I don't have the option, BTC and DRK are both crackable. If I have the option I can "diversify" my assets towards DRK to a larger degree.

A BTC holder of million USDs would likely want some of them to go to a Quantum-resistant coin, just in case.

I can also see that working in terms of news. When news go out regarding quantum advancements and prototype quantum computers being trialed in labs, Bitcoin will be crashing and Darkcoin will be gaining. So it's also a financial hedge for day-to-day news.