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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5904. (Read 9723858 times)

legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
I remember my first 2 weeks of mining in February, before the GPU miner and before buying on exchanges

2 laptops got me 17 DRK, seemed so little at a time, now it feels not too bad Wink

You have mined in february and you didn`t tell me instantly? Tongue hi hi thnx you did anyway....  Grin

I did and told you, but you didn't listen for the first couple weeks :-)


BTW, my quick prediction:

Next peak @ 0.0159 in 2h
Next bounce of the bottom @ 0.0132 in 4h

Right, I was looking for daily profitability and DRK wasn`t profitabile to mine....till today isn`t Smiley but ppl mine it anyway... need of some vision and here we go...

Ladies and gentelmen you are the witness of new cryptocurrency era where DRK coin is going to the undisputed leader!

You`re all welcome
full member
Activity: 280
Merit: 100
The Future Of Work
@tante

If you don't mind me asking..... how many did you manage to actually mine??

About 1400 to date.  My little computers are getting almost nothing anymore, so I'm about to retire them.  I was going to try to last until the 25th, LOL, but turned my desktop off yesterday.  It's so slow when mining!  I have two nodes, and some extra I hope to pay some debt down with if it goes up a little higher.  I have until the end of June to hold  Tongue
legendary
Activity: 1092
Merit: 1000
Bump

Zerocash /  Zerocoin weaknesses

Here is the analysis of Anonymint on the weaknesses of Zerocash/Zerocoin. For those of you who are new and dont know him. Anonymint is a "world class programmer who knows his sh*t" and even though he is not part of the dev team have been instrumental to the discussions leading to the development of the latest Darksend. This is worth reading.



I hope readers find my posts helpful?

ZeroCash is going public in a few months time ~20 May. Regardless of whether they have anything tangible or just a published paper,

I don't think they will have beta-test level code then.

This is about not being drowned out and then being considered a clone.

No way Darkcoin can be considered a clone, as Zerocash completely hides the payer, payee, and the amount of transactions. The block chain is a complete fog. Zerocoin doesn't do this.

Zerocash will have some positive spin. They will talk about e-cash and anonymity.

They will make the point I just wrote above.

What they won't talk about are the problems with the project.

The main weakness of Zerocash is it adds an additional 3 minutes between check out and completion of payment. (Add that on top of Bitcoin's 10 - 60 minutes, or Litecoins 2.5 - 15 minutes). Zerocoin doesn't have this problem.

The main weakness of Zerocash and Zerocoin are they depend on new crypto which hasn't been subjected to years of cryptanalysis, and if you put it on the block chain, then it is later cracked, the entire coin is potentially F.U.B.A.R..

Whereas Darksends are offchain! Even if you crack the crypto of Darksend (which uses very old well vetted crypto), the block chain remains uncracked!

The other weakness of Zerocash and Zerocoin is they depend on a trusted party to create the master parameters. If anyone retains that information (even if they snooped it using the NSA's air gap detection mechanisms), they in the case of Zerocash they can create unlimited coins and nobody will even know it! In other words, the coin supply becomes unknowable!! I am not exaggerating!!

Another counter point may be that each Zerocash transaction takes 9ms to verify (500ms for Zerocoin). Thus they can only put 111 transactions in a block per second per core of the CPU on the miner. Visa does 2,000 - 4,000 transactions per second, so for Zerocash to scale to global transactions needs 40 CPU cores per miner (e.g. 10 iCore i7 CPUs), not including denial-of-service transaction spam. Transaction spam could be really bad if they don't have a transaction fee or other means to control it. Any way, 40 CPU cores is not really a big problem if mining will be done only in pools.

But crypto-currencies are hoping to enable microtransactions, thus the transactions per second would explode by orders-of-magnitude.

Thus appears to me Zerocash is incompatible with microtransactions unless mining becomes very centralized among a few powerful pools.

Centralization of mining is a severe problem with Bitcoin having onetwo or three pool with 51% of the hash power now.
hero member
Activity: 770
Merit: 500
Zerocoin news will drop the price hard Sad .

Zerocoin was abandoned by the devs anyway...meaning it's not being worked on anymore, it's a dead project.

Plus Darkcoin would of still been way better had it not been abandoned.
legendary
Activity: 1092
Merit: 1000
Darkcoin vs Zerocash/Zerocoin

With the recent rise in price there will be a lot of people coming here to learn more about the coin. So I am quoting selected posts from eddufield so people can find it in the last pages. This is a comparison between Darkcoin and potential competitors like Zerocoin and Zerocash, take notes. Dark has a very solid value proposition and competitive advantages over their approach.


I love Darksend but you have to realize it will be replaced once someone starts a zero knowledge proof coin.

While I've been working on DarkSend I've been thinking about this alot. You know what the problem is with a zero knowledge proof? There's a secret key that will be attacked by governments and it will eventually be cracked. That will make every transaction that ever happened in that blockchain cleartext and allow every future transaction to also be viewed as cleartext. I'm going to venture to say the government is working on quantum computers and such crypto can be solved with shor's algorithm. When they do, they're not going to tell anyone. So it's a giant honeypot.

DarkSend is immune to such attacks, all involved crypto functions could be cracked and the mixing is still done off blockchain by the masternodes. Off blockchain means that the information is lost and that's the only way to secure it, you can't do it with cryptography.
full member
Activity: 294
Merit: 100
And terzo is back.

I was getting worried where all these trolls are.
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000
Zerocoin news will drop the price hard Sad .

smh

Smell like trolling
full member
Activity: 238
Merit: 100
legendary
Activity: 1512
Merit: 1015
full member
Activity: 238
Merit: 100
Zerocoin news will drop the price hard Sad .
full member
Activity: 322
Merit: 105

This is just one aspect being developed:

Improvements over this mixing solution are due to include the following features:

* Master Nodes These nodes handle the mixing through random selection -
I'm implementing I2P into the masternodes. We're going to have our own private network just for DarkSend.
eduffield, 10 May 2014. https://bitcointalksearch.org/topic/m.6643662

* Ring signatures are going to be implemented in V2.
Quote
I will begin development immediately after I opensource V1.
eduffield, 12 May 2014. https://bitcointalksearch.org/topic/m.6686819

*IP obfuscation 12 May 2014
https://bitcointalksearch.org/topic/m.6694377

Fundamentals, gotta have those fundamentals  Wink

I was actually one of the people promoting integrating ring signatures into DRK, but someone (AlexGR?) noted that one issue is that it renders masternodes obsolete. This is a problem when a significant portion of the total coins is held in masternodes and they would no longer be 'locked up' - i.e. supply shock. It also removes the interesting quasi-PoS aspect of DRK, which might be a powerful economic factor in DRK's value. On the other hand, if the masternodes were retained, then it's an antiquated 10% tax on miners, which (in the long run) would be passed on to users doing transactions.

Thoughts, eduffield and others? The ideal case seems to be to improve DarkSend with another solution that retains the utility of the masternodes.

(In unrelated news, Zerocoin/ZeroCash is releasing a conference paper very soon with significant changes that some of you may be interested in.)

I had the exact same thought, but Masternodes are also going to be the private I2P relays.  So there's that at least.  They have a lot of potential outside of the coinjoin aspect.  Decentralized exchange, decentralized marketplace, whatever else Evan thinks up.
hero member
Activity: 532
Merit: 500
Seems the free "advice" in this thread is on a permanent rewind loop. How many days in a row will the same "advice" be given out only to have it be wrong before people realize that DRK is different?

I don't know, but I'll keep correcting the stupidity. Like this reddit thread

http://www.reddit.com/r/CryptoCurrency/comments/25pfua/why_darkcoins_darksend_seems_kind_of_scammy/

Some guy doesn't understand a thing about darkcoin or masternodes and then proceeds to call it scammy. These are the type of idiots we have to deal with.


I'm sure Tante is getting hand cramps explaining how the initial faster mining was well distributed to the monkeys who come in here crying instamine scam.


Let's see 0.02 today.
full member
Activity: 294
Merit: 100
I remember my first 2 weeks of mining in February, before the GPU miner and before buying on exchanges

2 laptops got me 17 DRK, seemed so little at a time, now it feels not too bad Wink

You have mined in february and you didn`t tell me instantly? Tongue hi hi thnx you did anyway....  Grin

I did and told you, but you didn't listen for the first couple weeks :-)


BTW, my quick prediction:

Next peak @ 0.0159 in 2h
Next bounce of the bottom @ 0.0132 in 4h
full member
Activity: 168
Merit: 100
Call out to the Darkcoin regulars for some help with the latest draft media release: https://darkcointalk.org/threads/rc2-media-release.662/

EDIT: Not sure if I have the development schedule correct. Could someone check over it?
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
I remember my first 2 weeks of mining in February, before the GPU miner and before buying on exchanges

2 laptops got me 17 DRK, seemed so little at a time, now it feels not too bad Wink

You have mined in february and you didn`t tell me instantly? Tongue hi hi thnx you did anyway....


Manipulated with 20 million usd of BTC within a week or so? Nah  Grin
Yep, investors are slowly coming in. Very good.
full member
Activity: 168
Merit: 100
I love being away from the forum and coming back to read over what I've missed. It's all "coin is going up....coin is going down....there's one mysterious whale swimming". It's been like this for weeks. So many Nostradamus wannabes in here now!

This is the first anonymous coin crypto has seen. There is demand for it. Totally new territory - nobody knows what will happen.
hero member
Activity: 611
Merit: 500
Seems the free "advice" in this thread is on a permanent rewind loop. How many days in a row will the same "advice" be given out only to have it be wrong before people realize that DRK is different?
full member
Activity: 294
Merit: 100
this coin will hurt many ppl Smiley

Welcome to the same world of another coin... It's f**king manipulated all way around...
All those sell walls ar 150,160,170... suddenly gone after 140btc buy wall appeared.
Don't be naive, it's only one big player (or team of guys) and you - gambling with the coin.
Some of u will get hurt if you won't get out in time...  Don't be too greedy and get the F
out of there in time... Just I guess the time is not yet - as the whale now has 140btc in
his pocket, so it will take a while to sell off.

I guess the idea behind was to get more cheap chips into the game...  Plan succeed, the
question is just if the game rules has'nt changed. We'll c


Just don't forget, this isn't "yet another $shitcoin".

We've resisted dumps after pumps 5 times already, no other coin did that.
Every coin which is just the trading tool gets dumped to pieces and slowly dies.

Darkcoin only grows - because this crypto has a purpose.

Fundamentals are fundamentals, market can only manipulate so much ... if there are people interested in the technology it's different....
legendary
Activity: 1008
Merit: 1000
this coin will hurt many ppl Smiley

Welcome to the same world of another coin... It's f**king manipulated all way around...
All those sell walls of 150,160,170... suddenly gone after 140btc buy wall appeared.
Don't be naive, it's only one big player (or team of guys) and you - gambling with the coin.
Some of u will get hurt if you won't get out in time...  Don't be too greedy and get the F
out of there in time... Just I guess the time is not yet - as the whale now has 140btc in
his pocket, so it will take a while to sell off.

I guess the idea behind was to get more cheap chips into the game...  Plan succeeded, the
question is just if the game rules has'nt changed. We'll c


The problem here is that there is a really big amount of volume so even with a huge crash it will spike back up. Always does and always will
newbie
Activity: 25
Merit: 0
this coin will hurt many ppl Smiley

Welcome to the same world of another coin... It's f**king manipulated all way around...
All those sell walls of 150,160,170... suddenly gone after 140btc buy wall appeared.
Don't be naive, it's only one big player (or team of guys) and you - gambling with the coin.
Some of u will get hurt if you won't get out in time...  Don't be too greedy and get the F
out of there in time... Just I guess the time is not yet - as the whale now has 140btc in
his pocket, so it will take a while to sell off.

I guess the idea behind was to get more cheap chips into the game...  Plan succeeded, the
question is just if the game rules has'nt changed. We'll c
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