Topic: Could Dash realistically compete with bitcoin (Read 2293 times)
alot of interesting responses thus far. keep it coming
Im confused, i thought dash died a few weeks ago, the dev went awol or something?
Dash is Digital cASH now. It used to be Darkcoin.
https://www.cryptocoinsnews.com/evan-duffield-dash-darkcoin-dash-will-position-direct-competitor-bitcoin/
The creator thinks it can
The creator thinks it can
The creator can't even keep his core devs onboard.
One of them now says:
I will not return or contribute to darkcoin as long as it is nothing more than a company selling a product. And I dont want to offend anyone when I say I simply have to smile when I see that darkcoin wants to take on bitcoin. Bitcoin is a consensus protocol specification, a team of developers maintaining a reference implementation, miners sustaining the consensus throughout the network and a democratic foundation which does nothing than public relations.
Darkcoin has none of this and should take the time to learn why it's important to support decentralization over corporate-like behaviour, why it's important to achieve a network consensus by miners not developers and why it's important to have democratic fallback infrastructure in place in case there are disputes without consensus.
darkcoin is competion for paypal, not bitcoin.
corporations can fail. cryptocurrencies cant. mistrust authority, promote decentralization.
Darkcoin has none of this and should take the time to learn why it's important to support decentralization over corporate-like behaviour, why it's important to achieve a network consensus by miners not developers and why it's important to have democratic fallback infrastructure in place in case there are disputes without consensus.
darkcoin is competion for paypal, not bitcoin.
corporations can fail. cryptocurrencies cant. mistrust authority, promote decentralization.
OP : Could Dash realistically compete with bitcoin ?
My thoughts : Dash could compete with bitcoin if the lead developer of Dash truly did find a way to make Dash more scalable as discussed here :
https://dashtalk.org/threads/rebranding-and-scalability.4254/
date : march 9, 2015
Evan Duffield, lead developer of Dash :
After giving it some thought, I came up with a scalable architecture that supports billions of transactions per day.
Specifications of this strategy:
•The blockchain will automatically become much more anonymous than Bitcoin is.
•Fees per transaction will be very, very low. Let the micro-payment revolution begin.
•Zero-centralization
•Scalable to billions of transactions per day
•Requires a 2-tier network
•Very low blockchain bloat
I make no promises about this idea working though, I’m very early in the research stages, but it does look quite promising. If it works, it means we have solved the ultimate problem with Bitcoin and have made this technology accessible to the whole world. This strategy is just too good to let sit for very long and I need to do some exploratory coding to prove it works.
I have a feeling we will learn more about this soon ...
My thoughts : Dash could compete with bitcoin if the lead developer of Dash truly did find a way to make Dash more scalable as discussed here :
https://dashtalk.org/threads/rebranding-and-scalability.4254/
date : march 9, 2015
Evan Duffield, lead developer of Dash :
Quote
After giving it some thought, I came up with a scalable architecture that supports billions of transactions per day.
Specifications of this strategy:
•The blockchain will automatically become much more anonymous than Bitcoin is.
•Fees per transaction will be very, very low. Let the micro-payment revolution begin.
•Zero-centralization
•Scalable to billions of transactions per day
•Requires a 2-tier network
•Very low blockchain bloat
I make no promises about this idea working though, I’m very early in the research stages, but it does look quite promising. If it works, it means we have solved the ultimate problem with Bitcoin and have made this technology accessible to the whole world. This strategy is just too good to let sit for very long and I need to do some exploratory coding to prove it works.
I have a feeling we will learn more about this soon ...
Not in the foreseeable future imo, but it is a developing project that has active dev community.. If I only had a crystal ball.
Im confused, i thought dash died a few weeks ago, the dev went awol or something?
useless garbage except for fast transfers and many coins can boast that so your reason falls flat on it's face.
so called anon crap is just that pure crap..
it's marketing bs for morons who know little about PC security.
your anon garbage can be exploited now and forever..
the best saying I heard on the web is "if it runs it can be cracked" and it's true !
quote from Markus-THJM cracker legend
but hey don't mind me let the pedo's traffic their child porn etc with a false sense of security while the fed's laugh all the way to your door
good name ? mmmmmm hhhhhmmmm
edit:
@dadon, thanks for the massive wall of crap too my scroll-wheel needed a work out LOL
Ah, springtime. Birds chirpin', trees bloomin', Spoetnik rantin'...
Now I know things here are going to take a turn for better
wrong section this should be in the trash section (altcoin).
scams to not compete with bitcoin they get squashed
btw, thinking is better left to horses, they have bigger heads
No I think this is a fair argument, it is definitely the only coin that could try currently.scams to not compete with bitcoin they get squashed
btw, thinking is better left to horses, they have bigger heads
1.It has a good name Dash - digital cash
2. It has built in anonymity
3. It has built in mixing
4. Instant Transfer - good for micro purchases and real world scenarios where the merchant isn't 100% familiar with confirmation time
5. Masternodes have a reason to have full nodes and the instant TX.
6. No giant mines and centralization of hashrate.
Litecoin was the only other expected to really coexist and it doesn't have nearly the features and DASH will be more used by the Darknet so harder to kill off.
useless garbage except for fast transfers and many coins can boast that so your reason falls flat on it's face.
so called anon crap is just that pure crap..
it's marketing bs for morons who know little about PC security.
your anon garbage can be exploited now and forever..
the best saying I heard on the web is "if it runs it can be cracked" and it's true !
quote from Markus-THJM cracker legend
but hey don't mind me let the pedo's traffic their child porn etc with a false sense of security while the fed's laugh all the way to your door
good name ? mmmmmm hhhhhmmmm
edit:
@dadon, thanks for the massive wall of crap too my scroll-wheel needed a work out LOL
no but this can
Me and community member Erok where testign the EM on the OSX side... Had absolutely 0 crashes while using.... Only in SDC can you have this awesome of a UI..
OSX notification center even works nicely for EM notifications
In the next 4 months the wallet will have the marketplace below in it and also or shortly after the encrypted messaging will support free encrypted voice and video calling
[
quote]www.deepdotweb.com/2015/01/28/shadowcash-zero-knowledge-anonymity
Website: http://www.shadow.cash/
Buy,Sell,Trade,chat...Leave nothing but a Shadow
OSX notification center even works nicely for EM notifications
In the next 4 months the wallet will have the marketplace below in it and also or shortly after the encrypted messaging will support free encrypted voice and video calling
[
quote]www.deepdotweb.com/2015/01/28/shadowcash-zero-knowledge-anonymity
Website: http://www.shadow.cash/
Buy,Sell,Trade,chat...Leave nothing but a Shadow
sr. member
Activity: 466
Merit: 250
Twitter Follow for no BS crypto: @SecretsOfCrypto
No chance really. Nothing to make people use it over BTC. The coin that will surpass BTC is one that will have a significant real world use to the users, driving people to use it. DASH is just an overhyped coin claiming to have such great innovation when really its not any better than any other coin.
Your appeals to greed will get you the greedy and good luck with that fair-weather circus
It's not an appeal to greed, it's an appeal to a false choice with the impetus to motivate the fear of loss impulse.
I don't get what a view-key is so I'll just laugh like a moron.
I most certainly do "get what a view-key is" and it's no more of an auditing tool than a JPEG of my wallet balance and transaction history is which is an important distinction to make if I were dumb enough to espouse the belief that somehow x/drk/dsh was somehow more publicly verifiable than Monero when it comes to individual transactions.
Moronic analogy.
Your appeals to greed will get you the greedy and good luck with that fair-weather circus
It's not an appeal to greed, it's an appeal to sanity.
I don't get what a view-key is so I'll just laugh like a moron.
I most certainly do "get what a view-key is" and it's no more of an auditing tool than a JPEG of my wallet balance is.
Sometimes I think if Cryptonote was in the sun-shade market it'd try and compete by selling "night only" tickets to the beach.
Monero is backed by math
You can't back x/drk/dash with "math". (Not its privacy at least).
viewkey.
LoL. I don't get what a view-key is so I'll just laugh like a moron.
Your appeals to greed will get you the greedy and good luck with that fair-weather circus when it gets bored and leaves town. As for those who give a shit about privacy, Monero will still be here when they're ready for the best option available.
Monero is backed by math
You can't back money with "math". (Not its value at least).
viewkey.
LoL.
Monero is state of the art cryptography...
Pseudo argument meant to influence/fear-monger the technically challenged.
I'm still trying to figure out if you're brainwashed, paid, or really that stupid.
Monero is backed by math and is public by choice: viewkey.
Nothing but mumbo jumbo
The cost of Dash is higher as it needs to maintain the master nodes. Monero and other cryptnote coins are also anonymous, they can compete with Dash as well.
Can compete? Monero is state of the art cryptography and only gem out of these shitcoins which can garuntee privacy to the mathematical level. Its like yea bitcoin can compete with piggycoin
The cost of Dash is higher as it needs to maintain the master nodes. Monero and other cryptnote coins are also anonymous, they can compete with Dash as well.
It was a nice try but it will fall to the side like litecoin is doing.
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