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Topic: Peter Todd calls dash snake oil. (Read 12021 times)

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
sr. member
Activity: 420
Merit: 262
PoS
full member
Activity: 223
Merit: 101
If you can be anything, be kind and fair
January 25, 2016, 12:27:25 AM
It is snake oil
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
January 24, 2016, 09:44:41 PM
"Peter Todd calls dash snake oil."
cuz it is

but does NOT matter ... the Duff Buck has run top10 in market cap long enough that Dash likely can hold $3 even if dash whales dump hard to buy sports cars and blow.

Monero ... you're running way back there ... need to give up on the competition and refocus ... say on $10M by creating a cool 'anon' exchange platform Wink

the DvM battle is OVER, focus on the war

I wish Peta Todd was into crypto ;
https://www.google.nl/search?q=Peta+Todd&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjY4oee-cPKAhWHCI4KHTtaAeQQ_AUIBygB&biw=1366&bih=653
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
January 24, 2016, 06:17:40 PM
Peter was right to call Dash snake oil.

Dash's dev has dropped his plan for masternode blinding.

Privacy is no longer a concern for Dash as it tries compete with Visa and Bitcoin as a centralized payment rail.

All that 'anon stuff' was thrown out along with the Darkcoin brand.

The consensus from the experts is that DASH "anon" tech is not based on solid cryptography yet their market cap still says they are doing well.

1. Are their true marketing experts promoting DASH?

or

2. Is the price artificially inflated due to centralized control of a few "instaminers" who seek to retain that control with the masternode voting and reward system?

My guess is a combination of both 1 and 2. Lets not discount the successful marketing of DASH so far (primarily targeting lesser educated newcomers) or underestimate how long it can last.

Dash's ostensible market cap isn't comparable to fairly launched 100% proof of work coins.

It's inflated by the insta-mined (+insta-mastered) coins nobody ever worked to produce nor paid market rates to acquire.
full member
Activity: 174
Merit: 101
January 24, 2016, 06:06:55 PM
Peter was right to call Dash snake oil.

Dash's dev has dropped his plan for masternode blinding.

Privacy is no longer a concern for Dash as it tries compete with Visa and Bitcoin as a centralized payment rail.

All that 'anon stuff' was thrown out along with the Darkcoin brand.

The consensus from the experts is that DASH "anon" tech is not based on solid cryptography yet their market cap still says they are doing well.

1. Are their true marketing experts promoting DASH?

or

2. Is the price artificially inflated due to centralized control of a few "instaminers" who seek to retain that control with the masternode voting and reward system?

My guess is a combination of both 1 and 2. Lets not discount the successful marketing of DASH so far (primarily targeting lesser educated newcomers) or underestimate how long it can last.
legendary
Activity: 1092
Merit: 1000
August 03, 2015, 10:26:05 AM
Peter was right to call Dash snake oil.

Dash's dev has dropped his plan for masternode blinding.

Privacy is no longer a concern for Dash as it tries compete with Visa and Bitcoin as a centralized payment rail.

All that 'anon stuff' was thrown out along with the Darkcoin brand.

Visa is better since you can borrow money for free from them and invest your own money to the shares of Visa earning dividends.
hero member
Activity: 671
Merit: 500
August 03, 2015, 10:21:43 AM
This thread is about why Peter Todd calls dash snake oil.
Wow, a moment of clarity from iCEBREAKER.

I'm still waiting for an answer to the "why" question.  I've asked repeatedly and in different ways.  The only response is "It's snake oil!, It's snake oil!"

That doesn't answer the "why". 

Dash's commonality with snake oil is the magical thinking of their consumers', which is taken advantage of by the con men.

Just as rubes from the farm believe snake oil can accomplish what real medicine cannot, so do DashHoles believe Masternodes provide higher security than Bitcoin's proof of work.

Your argument has blown me away.  I'm completeley convinced you are correct.  You display such depth of reasoning in a well thought out, logically written way a child could understand it.  Your use of extensive, annotated quotes from Peter "the prophet" Todd simply cannot be challenged.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 31, 2015, 05:58:58 PM
This thread is about why Peter Todd calls dash snake oil.
Wow, a moment of clarity from iCEBREAKER.

I'm still waiting for an answer to the "why" question.  I've asked repeatedly and in different ways.  The only response is "It's snake oil!, It's snake oil!"

That doesn't answer the "why". 

Dash's commonality with snake oil is the magical thinking of their consumers', which is taken advantage of by the con men.

Just as rubes from the farm believe snake oil can accomplish what real medicine cannot, so do DashHoles believe Masternodes provide higher security than Bitcoin's proof of work.
hero member
Activity: 671
Merit: 500
July 31, 2015, 11:34:36 AM
This thread is about why Peter Todd calls dash snake oil.
Wow, a moment of clarity from iCEBREAKER.

I'm still waiting for an answer to the "why" question.  I've asked repeatedly and in different ways.  The only response is "It's snake oil!, It's snake oil!"

That doesn't answer the "why". 
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 30, 2015, 10:50:22 AM
Ok another useless thread created by Trolleros...

Lol.

Next!

This is how Monero pumps, to attack their rivals is the only way they can get attention.

Munero volume was dying on Poloniex, so let's help them Pump.  Cool  

This thread is about why Peter Todd calls dash snake oil.

There are other threads where it is on-topic to complain about the number of Monero threads.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 27, 2015, 06:14:59 PM
Peter was right to call Dash snake oil.

Dash's dev has dropped his plan for masternode blinding.

Privacy is no longer a concern for Dash as it tries compete with Visa and Bitcoin as a centralized payment rail.

All that 'anon stuff' was thrown out along with the Darkcoin brand.
sr. member
Activity: 448
Merit: 250
July 21, 2015, 06:39:05 PM
.
sr. member
Activity: 448
Merit: 250
July 21, 2015, 06:17:26 PM
.
hero member
Activity: 615
Merit: 501
July 21, 2015, 05:44:13 PM
Yea, you've done it guys.
First selling at .0023 then .0028 and then go back down.

I think my post isn't OT, because you are all about...you know
hero member
Activity: 854
Merit: 1001
July 21, 2015, 06:11:44 AM
If this thread doesn't gain any more traction you could always change the subject to Peta Todd.

Whatever you do don't Google image search Peta Todd...

Well, 'cause I don't care about the DvM battle in any real way, I thought I'd give Peta Todd a shot:

https://en.wikipedia.org/wiki/Peta_Todd
https://www.google.nl/search?q=Peta+Todd

Mmmm.... that was fairly painless  Cheesy
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 21, 2015, 04:56:53 AM
Ok another useless thread created by Trolleros...

Lol.

Next!

Edit : How to make an empty thread from an empty Tweet? Only Trolleros can make it possible!


This thread is brought to you by DASH. DASH, where you can get your own version of Snake Oil mix, instantly! Still looking for that Peter Todd endorsement - keep trying!

For an "empty tweet" the DASH thread sure did spend a lot of time discussing it (and how much they hate Peter Todd).

You'd think they'd rather discuss more important matters, such as what to do about Dash being used for Pedofunding, but for some reason that was not the case.   Undecided
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
July 21, 2015, 12:09:09 AM
Did you know that an uncle of mine say one day on Facebook that he loves dark spaghetti. Don't know, but I think I''ll make a thread about this.
Yes it's true!

If your uncle was Gordon Ramsey and dark spaghetti was a brand, you'd have a decent thread. Even better if that spaghetti tasted like ass and was made from recycled motor oil (what sheen! what flavor!) and Gordon said as much.
legendary
Activity: 1288
Merit: 1000
July 20, 2015, 09:18:50 PM
Did you know that an uncle of mine say one day on Facebook that he loves dark spaghetti. Don't know, but I think I''ll make a thread about this.
Yes it's true!
legendary
Activity: 1442
Merit: 1001
July 20, 2015, 09:11:02 PM
Ok another useless thread created by Trolleros...

Lol.

Next!

Edit : How to make an empty thread from an empty Tweet? Only Trolleros can make it possible!


This thread is brought to you by DASH. DASH, where you can get your own version of Snake Oil mix, instantly! Still looking for that Peter Todd endorsement - keep trying!
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