Can someone explain why even bother with partial privacy, especially considering that with such a tiny amount of participants its practically meaningless. There are already full privacy cryptos. Did DASH do privacy trying to be everything for everyone or is there a deeper reason?
Why does Bitcoin bother with
partial optional privacy, especially considering that with such a tiny amount of participants its practically meaningless?
Bitcoin use a form of CoinJoin to optionally offer privacy on their transactions and usage on the Bitcoin network is about 4% (according research from 2019).
Source :
https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year#Dash use a form of CoinJoin to optionally offer privacy on their transactions. It is called PrivateSend and usage on the Dash network is about 1-3%.
Source :
https://dashradar.com/chartsSo why bother with providing optional privacy, when there are dedicated privacy-focused coins (Monero, Zcash, Verge, Horizen) out there ?
To offer Bitcoin and Dash users a choice. Bitcoin offer users that choice, through third party privacy wallets. Dash offer users that choice, through their officially supported core wallet and at least one Dash third party wallet is also moving to implement optional privacy.
If Bitcoin does not have a problem with their privacy wallets offering optional privacy, then why should Dash have a problem with offering optional privacy on their wallets ? From a legal or regulator point of view there is no difference between Dash form of optional privacy and Bitcoin form of optional privacy. Both use a form of CoinJoin, both have the same type of open public-viewable blockchain, Dash is even a fork of Bitcoin.
In the end it comes down to states and agencies (mostly US) looking for ways to gain more control over the personal information of people and people looking for ways to either keep their privacy or better protect their privacy. That clashes from time to time. Same clash can be seen in the use of encrypted messaging apps and encrypted mobile phones, where states and agencies want access through backdoors.
Dash Investment Foundation (DIF) Invests in CrayPay and Announces 155,000 Merchant Instant Savings App for DashWe are proud to announce an exciting collaboration that will soon enable Dash spending at over 155,000 merchant locations across the United States.
The Dash Investment Foundation (DIF) recently invested in CrayPay, a loyalty payment platform that enables users to earn instant savings at a variety of national chains.
Read more here :
https://newsroom.dash.org/122917-dash-investment-foundation-dif-invests-in-craypay-and-announces-155000-merchant-instant-savings-app-for-dashand here :
https://beincrypto.com/155000-american-merchants-to-accept-dash-as-payment/Source picture : from article
Looks like we will have yet another announcement about a DIF investment coming up soon. Something to do with financial services.
Looks like we have a few Dash name copycats on coinmarketcap, for some time now :
https://coinmarketcap.com/currencies/dash-cash/ : active on coinmarketcap since Oct 2019, on their Github (2017) the whole thing looks very fishy (
https://github.com/genavarov/dashcash)
https://coinmarketcap.com/currencies/dash-green/ : active on coinmarketcap since Jan 2019, according their Github (2018) this is a fork of PIVX (
https://github.com/DashGreenCoin/dashgreen)
Both seem to be Dash hard forks that did not see much action or much development. I am curious why they are even on coinmarketcap (or still on coinmarketcap).
I guess they are 'dead coins', destined to roam the empty halls of coinmarketcap forever.
[moderator's note: consecutive posts merged]