Topic: Dash says they are not a privacycoin (Read 322 times)

Unconfirmed rumor :


If this rumor turns out to be for real (we will know more in a few weeks), then that will shatter any belief that the SEC / US is hostile towards Dash (possibly due to Dash optional privacy feauture).
Because of how the Grayscale Trust operates and is registered in the US :



Source : https://www.investopedia.com/news/why-buy-expensive-bitcoin-etf-instead-actual-bitcoin/

It would send a powerful reconfirming signal that Dash is indeed in full compliance with US regulations, if Dash manage to get added to the Grayscale Trust
(keeping my fingers crossed that Dash will get added there).

Many of these so called privacy focused coins are just some manipulative coins that gets value due to trading interest. It's hard for them to survive or thrive as a value out of centralized exchanges. There would just be a few coins that would still be privacy focused and is not killed by the Global crypto police from US.

Building dApps On Dash: An Interview With readme



Read more here : https://hackernoon.com/building-dapps-on-dash-an-interview-with-readme-ay3a342g
Source picture : from article
Credits : aleix

Thanks for the honor, could not care. Probaly posted 3 times in that losers thread stating fakts.

Dash started of as fork of Litecoin with 84 million supply changed supply first then changed again to fix things right
Dash started as anonymous coin changed to private coin with private sent now wants to be just like Bitcoin but refuses to remove privatesent.
Dash started as Xcoin changed to Darkcoin still not right
Dash started with instamine, changed to fastmine still not right changed to easymine
Dash was as high as 3 now 39 qwizzie not happy, sexchange did not fix unhappyness now everone to blame for mistake

Spot the sick one (oh only some mistakes after a failed launch)



The 3 post going under qwizzie's skin
https://bitcointalksearch.org/topic/m.56048672
https://bitcointalksearch.org/topic/m.56047955
https://bitcointalksearch.org/topic/m.55999233

Source : https://www.reddit.com/r/dashpay/comments/683sn5/is_dash_a_bitcoin_fork_is_the_source_code/

Dash is a fork of Bitcoin. A simple Dash github check would have told you that.
Links :

https://github.com/dashpay/dash


https://www.dash.org/forum/threads/v0-11-0-darkcoin-core-release.3601/



Please be informed that i put you on ignore for trolling in the Dash ANN thread.
Never go full troll people, you can never wash away the stain.

So you claim Dash is useless or unaware that Dash is a copy of Litecoin (itself a copy) and Dash does has private sent inbuild.
Is lying and misinform a part-time hobby or full time job for you?

This type of situation shows us that we must be on the alert with massive claims from projects that insist on proving that they follow a segment and in this case privacy. In my opinion, this may affect Dash's future in relation to market confidence or even claim some kind of future failure.

The way is to wait for the news to pass.

There is no claiming here, there are just facts.
Some people just seems to not understand Dash optional privacy feature or seems to not understand Dash blockchain. Or both.
Hopefully they understand it now.

Facts :

Dash, just like Bitcoin has public transactions by default (pseudonymous transactions)
Dash, just like Bitcoin has an open, public blockchain where transactions, amounts, senders and receivers are fully visible (pseudonymous)
Dash, just like Bitcoin offers optional privacy on its transactions, through a form of CoinJoin mixing (thereby creating additional privacy)
Dash is a fork of Bitcoin

What is pseudonymous : https://bitcoinmagazine.com/what-is-bitcoin/is-bitcoin-anonymous#
What is CoinJoin / CoinJoin mixing : https://www.investopedia.com/terms/c/coinjoin.asp

So Dash core group claims that Dash is pseudonymous? I consider it as an attempt to avoid Dash delisting only.

Dash, just like Bitcoin has public transactions by default
Dash, just like Bitcoin has an open, public blockchain where transactions, amounts, senders and receivers are fully visible
Dash, just like Bitcoin offers optional privacy on its transactions through a form of CoinJoin mixing*
Dash is a fork of Bitcoin

Dash is as much a privacy coin as Bitcoin
If you think Bitcoin is not a privacy coin, then that counts for Dash as well

* https://media.dash.org/wp-content/uploads/Dash-PrivateSend-Legal-Position-EN.pdf


Source : https://dashpay.atlassian.net/wiki/download/attachments/68550659/DCG-Q3-2020-Quarterly-Call.pdf?api=v2

For alk these days, I used to know Dash as a privacy coin and one of the competitor of Monero although I never have used none of them. How Dash team now have changed their opinion?
Dash has both private tx option and public tx option or only private tx like Monero?

Dash is not completly privacy coin and Dash developer also on going to build Dashpay which everyone can put his name on blockchain and transferred Dash peer to peer. I hope delisting dash is not happen, we need dash for micro payment and dash with its instasend will be adopted by people in this world.

I am not a DASH investor. But I was interested in the project for a while and it didn't occur to me that Dash would be a privacy coin like Monero. It may be that there have been some who like to see Dash as a privacy coin, but they are the same ones who consider Bitcoin anonymous. The statement is also understandable: Dash wants to go mainstream with Dashpay as a payment option. And for this, the supervisory authorities must also be convinced. This is much easier if you are not a "privacy coin".

Personally i think people should be allowed to buy the coins they want, both anonymous-focused coins (Monero / Zcash) and not-anonymous coins (Bitcoin / Dash).
Recommending people not to buy certain coins, seems highly presumptive and subjective.

Dash is currently traded well over 100 exchanges (with some pretty big exchanges among those), Dash will survive this and will grow stronger from this.
Dash even has some strong partnerships with exchanges and services that utilize its InstantSend & ChainLocks technology : https://www.dash.org/fastpass/

It is better to refuse to buy DASH, it has already been excluded from a couple of exchanges, and I think that soon it will be removed from others, and the price will fall.
Monero is starting to delist, states want to deprive us of anonymous coins   

Depending on what is your audience and target market.

There is nothing bad in the real privacy coins, but they are unacceptable in the face of governments, tax institutions, and similar entities.

What's so bad about claiming to be real privacy coin? Aren't they ashamed of themselves? Some investors invest in dash because of its privacy feature now they denied that fact? Delisting can't hurt privacy coins because all exchanges aren't centralized only, we have Decentralized exchanges too, if Centralized exchanges want to delist every privacy coins they should proceed

So they still want to be a privacy coin despite adding more use cases.

Good on Dash then.
  
I don't get this. Mixers like Chipmixer are centralized for sure but Bitcoin's decentralized chain isn't affected at all. How about non-custodial and open source coinjoin or privacy wallets?

I think Bittrex and Abra have the resources.

Any effort from Dash team to communicate with regulators including FATF?

Maybe DASH doesn't want to be branded as a privacy coin anymore as they are trying more mass adoption through the Social Wallet?

Dash could be a "real crypto" alternative to the Facebook Libra...

I snoozed a little anyone know what happend is it now male or female?

https://bitcointalk.org/index.php?topic=421615.380

Even though it is a complete U turn on their business plans and portraying themselves as the privacy coin in the past they want to survive with the increased scrutiny by the authorities and it is not a big surprise that the privacy coins will be under attack by the authorities and i was expecting them to force the exchanges to delist them for their survival and now the Dash team want to change their marketing strategy to survive, if not they will be forced to go underground and the price will be affected and team wants to avoid that.

Does Bitcoin need to remove any association with its privacy wallets to be considered not to be privacycoin ?


Source : https://media.dash.org/wp-content/uploads/Dash-PrivateSend-Legal-Position-EN.pdf

If the answer is no, then why should Dash ?

Hell, PrivateSend does not even form a problem in the European Union and there is no indication that US government agencies want to ban Anonymity Enhanced Cryptocurrencies  :



Source : https://www.dash.org/forum/threads/legal-opinion-and-regulatory-classification-for-germany-and-european-union-step-1.50201/#post-223131

The first step would be removing privat send. It is a oxymoron to have privatsend and claim not to be privacycoin.

They're looking for a safe way out of the USA crypto police by comparing themselves to bitcoin,, in fact this is very funny because they suddenly use unreasonable excuses.I'm increasingly wondering if true they're using privacy-centered coins or just nonsense with the offers they've been doing?
What is clear, that this is increasingly attractive because the price of dash in the market will change quickly because their move and will definitely affect crypto investors or those who hold their coins.

Dash views having optional privacy for users as a very important offering, not to be discarded lightly.
A few of those exchanges that previously stated to delist Dash, came back on that decision, after communication with Dash Core Group :

https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dash
Dash still traded on OkeX Korea --> https://okex.co.kr/kr/view/exchange/full?coin=DASH&market=BTC

https://www.reddit.com/r/dashpay/comments/ikg8m9/banking_partners_happy_for_dash_and_other/  

Other exchanges proceeded with delisting Dash (exchanges in Japan, South Korea,  etc)


Source : https://www.coindesk.com/privacy-coin-advocates-crypto-exchange-delistings

Shifting the optional privacy from Dash Core wallets to third party wallets will just create trust and centralization issues. And for what ? Smaller exchanges could still continue
to delist Dash by association or because they still perceive Dash to be a privacy-centric coin or because they don't have compliance resources.

US government agencies mislabeling Dash is not helping either.

That's what happens when you falsely advertise your cryptocurrency as an attempt to bring it to the top. Says everything about their true intentions.

"First impressions last"

Dash still allow sending privately as you said in your previous comment. I wonder why they still don't discard all the privacy features. It's been like what 2 -3 years since Dash was delisted on some exchanges? Why not just let some third party create a way to send Dash coins privately the same way mixers and wallets do with BTC? Is it impossible to disable private send in Dash Core wallet or do they still want to be associated with "privacy"?

Many of these so called privacy focused coins are just some manipulative coins that gets value due to trading interest. It's hard for them to survive or thrive as a value out of centralized exchages. There would just be a few coins that would still be privacy focused and is not killed by the Global crypto police from US.

We are used to that. And no, this was not suddenly.
It is very simple :

Very strange twist of fate here, so are they saying that bitcoin should also be delisted because they have the same privacy focused coins? hehehe.

Nah, I won't invest on a project who suddenly twisted their own words just to save face and then compare themselves to bitcoin. This is not what they started, they competed with a lot of privacy coins before, now they change their whole narrative which is bad for their image and other might go to lengths to troll them.

Interesting articles :

https://blog.chainalysis.com/reports/introducing-chainalysis-investigation-compliance-support-dash-zcash
https://media.dash.org/wp-content/uploads/Dash-PrivateSend-Legal-Position-EN.pdf

Credits for the link : aleix

Although it doesn't sound good and don't make them to appear trust worthy but at the same time I think they are thinking what is best for the project and the investors, if they turned down regulation compliance they will be a target to sec and that too won't be good for the project as well.

Every project is now afraid of words "security" or "privacy". SEC rules the market

Bitcoin users requiring additional privacy on their transactions have moved from using Bitcoin Mixers to using Bitcoin privacy wallets, which connect to the anonymity network of Tor
and create CoinJoin transactions.

Source : https://www.cryptopolitan.com/privacy-wallets-their-growing-role-in-bitcoi/


Dash users requiring additional privacy on their transactions can use Coinjoin in the Dash Core wallet (its called PrivateSend), which utilize the masternodes network for that
(which all have public ip addresses by the way).

So those users seeking additional privacy on their transactions can do that both with Bitcoin and with Dash.
With Bitcoin the privacy wallets provide users with the benefit of connecting to the Tor network for additional privacy.

They never denied the privacy part, they are just limiting their privacy capability to that of Bitcoin    but is Bitcoin even a privacy coin? The answer is no, because bitcoin is just a decentralized project, not anonymous LMAO

Principles change when use cases expand. A company vision can change over time, a company strategy can change over time, a company focus can change over time.
Crypto is a space where everything constantly evolves and changes, if a company or a crypto project does not adapt they will have little chance of survival.

Dash took this new direction, new focus, new strategy, new vision many many years ago. Only to people that have been out of touch with Dash developments over the years,
does this come as a surprise.

LMAO, previously they have been in competition with Monero as being the top privacy coins and now they suddenly made a U-turn claim? Lol. What is this to save their skin because of the future delisting of their coins? Regardless if they expand their use case, they remain as privacy coins, no doubt.

So I don't think this is ok though, it might back fire on them, a company who goes against the very principle that they are promoting in the beginning.

Some exchanges and a lot of people from the crypto space seem to think that Dash is a privacy-centric coin, when in fact Dash has expanded its use cases over the years and no longer fit that label. Dash used to be a privacy-centric coin in 2014/2015 when it introduced its optional privacy feature, but has since then focused on payments by making them instant, secure, protected against double spending and instantly spendable by receivers.

Now Dash is focusing more to function as a decentralized platform where developers can create Dapps and store their Dapps data directly on the masternodes network (kinda like cloud storage) and making transactions far more user-friendly by introducing blockchain identities, blockchain usernames, paying to blockchain usernames, introducing a decentralized API.

Dash announces new update, social payment wallet enters testnet
https://cointelegraph.com/news/dash-announces-new-update-social-payment-wallet-enters-testnet


Source picture : from above article
Credits : tungfa on DashPay Reddit

Dash Launches Public Alpha for Social Payments Wallet
https://bitcoinist.com/dash-launches-public-alpha-for-social-payments-wallet/


Source picture : from above article

Dash Platform and the DashPay Dapp are currently live on Dash Testnet and are scheduled for release on Dash Mainnet in Q1, 2021
DashPay Dapp demo : https://www.youtube.com/watch?v=GtTaezpxQOs & https://www.youtube.com/watch?v=vw2CrHyQMVI

Here is the response of Ryan Taylor, CEO of Dash Core Group about Bittrex decision to delist Dash without providing a specific reason : https://twitter.com/RTaylor05/status/1345158205685436416



 
The DOJ and FinCEN PRM mislabeled Dash as an AEC (Anonymity Enhanced Cryptocurrencies) and some smaller US exchanges (ShapeShift, Bittrex) seem to be basing their delisting action
on that Dash mislabeling. Larger international operating exchanges have competent compliance departments that understand that Dash is no AEC and should be viewed the same as Bitcoin.

Dash and Bitcoin both have open blockchains where transactions, senders and receivers can be fully viewed
Dash and Bitcoin both use optional CoinJoin on their network
Dash usage of CoinJoin is lower then Bitcoin's usage of Coinjoin
Dash is a fork of Bitcoin

From a regulator point of view, there is simply no difference between Dash and Bitcoin.
Since the DOJ and FinCEN PRM do not label Bitcoin as an AEC, they should also not label Dash as an AEC.

Everyone has been  cheated for years  before the truth came out. Dash has never been privacy centered coin. They just used that buzz word to attract believers  and case-harden them so that they could not go away. Their marketing strategy has played  a dirty trick on own baby. IMO, if other exchanges   follow Bittrex we'll  witness a big dump.

Lol, hope those who invested on dash for it's privacy purpose are seeing this now?  , I can't believe a old project can make this move, we used to get such from new projects, why dash? Lol almost unbelievable, as if bittrex owns the key to their biggest adoption or something

If I am a true dash holder I will definitely change my mind right now about this tweet, it shows that they don't know where they stand, what rubbish? I've knew that dash is a privacy coin since 2017 when I was still mining Monero then and now just because bittrex delist the project they start shaking? Idiots

Now, the situation is getting hilarious here. As they are about to face potential problem, they are now downgrading themselves about their feature. Let us see how their meeting will go and if bittrex will announce a new statement towards this delisting. They are now confusing their loyal supporters with this simple tweet.

They were willing to dig your eye out with a spoon if you claimed that their privacy sucks. You were called gazillion names for all you did was point to their features and math behind it. It is just so funny. Lying for so long and so hard that at the end they cant convince those they lied to what is the real truth.

Official tweet: https://twitter.com/Dashpay/status/1345093269919854592

So, for years Dash team was saying that they are better than Monero and other privacycoins, now they are saying that "their privacy is not better than in Bitcoin" 

How do you feel about that? Do you want to invest in a project that puts compliance with regulators above their own declared principles? Or do you think that this is just a tactical lie to return the lost liquidity and its all okay?