Pages:

Author

Topic: Rumours That Dash Will Kill Bitcoin - page 2. (Read 3169 times)

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: mining_spaceship on March 03, 2017, 11:23:09 PM

Thanks for the chart, but I think in terms of decentralization Bitcoin is superior. In addition, from the information I have Dash allows users to mix transactions, making them confusing, but not totally anonymous. In this sense it seems that Monero is more anonymous. And that raises another question... why does Dash have a market capitalization greater than Monero?

One significant difference between Monero and Dash is that in Dash a significant amount of the "circulating" supply is actually tied up in the masternode network, around 55%, ~4000 masternodes, at the present moment. This can support the price when the price is rising or stable but can also lead to sharp crashes if for example the price drops at a greater rate than the masternode net reward. These masternode coins cannot be used in commerce. With Monero on the other hand all of the circulating supply is actually circulating.

mining_spaceship

jr. member

Activity: 57

Merit: 10

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

Quote from: Memento on March 03, 2017, 07:40:51 AM

You guys are blind and insane, keep holding bitcoins and writing conspiracies...
Bitcoin is only good for holding, but not for transactions and many other problems that never will get solved. Years passing and we still getting only promises while Dash fucking Bitcoin.

No kidding! Bitcoin is great for getting into my wallet and staying there, but as far as actually using it to buy things--it's HORRIBLE. For a number of reasons, and getting transactions stuck in the blockchain is just one of them.

I like Dash, but I haven't owned any in a few months. It's always bad timing with me. Sad

Dash isn't going to kill anything, but if you could actually find some merchants willing to accept it, then it might be a good alternative to bitcoin. But, like bitcoin, I don't see myself buying anything else with crypto. Not when prices are going through the roof.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: iamnotback on March 03, 2017, 09:14:38 PM

...

The problem is incentivizing mining, because merge mining is insecure, side-chains can't create coins, and transaction fees are not incentives compatible in PoW.

How do you envision demurrage incentivizing sufficient mining to secure a PoW side-chain?
...

A 1% per year demurrage rate can produce a 1% per year block reward while keeping the number of coins in the side chain constant. The demurrage amount and block reward are adjusted continuously to reflect the number of coins in the side chain. In Freicoin demurrage is used to compensate the miners while keeping the number of coins constant. Their demurrage rate I believe is higher.

1% is approximately the tail emission of Monero (0.6 XMR per 2 min block). This roughly corresponds to 3 XBT per 10 min block for Bitcoin.

gredisgold88

sr. member

Activity: 714

Merit: 250

still a long way to catch bitcoin, it may take 5-6 years, the velocity of money in the BTC is still pretty good and still on top, if only some small investors, still a long way to change the bitcoin above

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: ArticMine on March 03, 2017, 07:57:29 PM

Quote from: iamnotback on March 03, 2017, 07:45:48 PM

...

Yeah and I posit that @gmaxwell is going to be the spectator.

Side-chains are fundamentally flawed and can't ever work securely. Lightning Networks can't work decentralized.

Side chains are constrained by a fixed number of coins. As far as I can see, without an emission of new coins there is no practical way to secure them with one notable exception; namely demurrage. The credit for this belongs to Freicoin http://freico.in/

I know this is controversial but it can work, particularly for a side chain whose purpose is transactions as opposed to wealth storage. A 1% per year demurrage rate is not a real issue if the velocity of money is say 2 weeks.

The problem is incentivizing mining, because merge mining is insecure, side-chains can't create coins, and transaction fees are not incentives compatible in PoW.

How do you envision demurrage incentivizing sufficient mining to secure a PoW side-chain?

Quote from: http://www.mail-archive.com/[email protected]/msg04388.html

Secondly merge-mining suffers from 50+% attacks if the chain being merge-mined doesn’t have a majority of total hashing power... which kinda defeats the point if we're worried about miner scalability.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: toknormal on March 03, 2017, 08:40:30 PM

Quote from: iamnotback on March 03, 2017, 07:45:48 PM

Yeah and I posit that @gmaxwell is going to be the spectator when it really matters.

Well it "really matters" and I only see one spectator and it isn't him Wink

You'll later understand what I mean by "when it really matters" when it really matters.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: iamnotback on March 03, 2017, 07:45:48 PM

Yeah and I posit that @gmaxwell is going to be the spectator when it really matters.

Well it "really matters" and I only see one spectator and it isn't him Wink

wavespump

hero member

Activity: 728

Merit: 500

Dash? You need to surpass Ethereum first, and then Bitcoin, you are much less than Ethereum's market cap, don't compare with Bitcoin, you are not eligible to compare with Bitcoin. Also Dash is Eth's 18% in market share. Nothing to hype, but insta-mine scandal can be always mentioned.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: iamnotback on March 03, 2017, 07:45:48 PM

...

Yeah and I posit that @gmaxwell is going to be the spectator.

Side-chains are fundamentally flawed and can't ever work securely. Lightning Networks can't work decentralized.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: toknormal on March 03, 2017, 01:00:00 PM

Quote from: AnonyMint on March 31, 2014, 07:41:41 AM

I had another debate in the CoinJoin thread a few weeks ago with gmaxwell and I won.

Unfortunately, winning at spectator sports ≠ winning on the pitch Wink

Yeah and I posit that @gmaxwell is going to be the spectator when it really matters.

Side-chains are fundamentally flawed and can't ever work securely. Lightning Networks can't work decentralized.

Perhaps Blockstream's Confidential Transactions (aka CT) might end up being an important technology but that is not clear yet. I may have devised a more efficient solution improving CCT (but it is also possible I have a math error in that work I did). CCT ≠ CT, they are two different technologies that have roughly the same functionality.

Cryptographers are specialists. But blockchains require also wider range of divergent thinking skills.

arielbit

legendary

Activity: 3444

Merit: 1061

it seems DASH are hiring spammers for their propaganda machine...or maybe some nut job was brainwashed LOL

from that Memento turd other thread (moderated):

Quote from: Memento on March 03, 2017, 02:24:54 PM

Quote from: arielbit on March 03, 2017, 02:02:27 PM

Quote from: Memento on March 03, 2017, 01:59:25 PM

And you say that i am a spammer...
I will delete them but i will leave them for while to allow everyone to see what asshole you are...

Whatever, seems that you are just another one liar who lies that Bitcoin is great for transactions...
Now i clearly see that someone is hired to ruin Dash threads and lie about Bitcoin, Dash is forbidden in these forums because Dash is biggest Bitcoin competitor...

where did i lie about bitcoin? quotes? posts?

anyway i haven't had any problem with my bitcoin transactions since 2013

EDIT: i think you are the one hired here by team DASH...you opened 3 DASH topics today already.

Now i see clearly that developers instead of solving Bitcoin problems trying to ruin Dash threads...

Quote from: bitbollo on March 03, 2017, 02:10:30 PM

Quote from: Memento on March 03, 2017, 01:19:25 PM

Bitcoin is better for holding, Dash is better for transactions, i think people will realise that it's better to use Bitcoin for holding and Dash for spending.

it's full of coins for making transactions, with even low fees, fast txs.
Why you choose Dash and not ... another coin?

Everything explained:

https://www.youtube.com/watch?v=8GwsmnHE3Rk

so i am a bitcoin developer now?..LOL

fuckin newb..you're disgusting.

delete my all my post now..bye.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: AnonyMint on March 31, 2014, 07:41:41 AM

I had another debate in the CoinJoin thread a few weeks ago with gmaxwell and I won.

Unfortunately, winning at spectator sports ≠ winning on the pitch Wink

hyudien

hero member

Activity: 2156

Merit: 605

Leading Crypto Sports Betting & Casino Platform

Dash can't kill bitcoin, because every altcoin was made from bitcoin basically.

phr0stbyt3

hero member

Activity: 672

Merit: 500

Lol you don't get it if you see there are way more altcoins In this world which have better features than bitcoin with fast transaction and god knows many more things but the only reason bitcoin will stay at top is because it has many more investors and will get even more in future because most of them invest in it seeing it past price most of them don't care about features.

BitcoinNational

legendary

Activity: 1470

Merit: 1010

Join The Blockchain Revolution In Logistics

Quote from: bathrobehero on March 03, 2017, 06:27:05 AM

Here we go again with the delusional propaganda.

propa
ganda

pooH
aGandi

Quote from: iamnotback on March 03, 2017, 06:59:27 AM

Since everyone else is too lazy to do this, I will:

i'm with iamnotback.
BCT ... TALK ... doesn;t care about your pump Cool

really ... I rather here pumpy banter from LEO or SWISS.

Quote from: ekoice on March 03, 2017, 07:54:52 AM

Dash supporters like you are just day dreamers.Just dream whatever you want.

Looking for suckers @$20 ... fonzi jumped the shark @$40.
literally every other shit coin on the charts, stinks less, do i need to clarify?

tanks spoet!

Piston Honda

legendary

Activity: 2730

Merit: 1068

Juicin' crypto

lmao who makes these stupid ass thread?!??!!

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Memento on March 03, 2017, 08:13:17 AM

Quote from: NeuroticFish on March 03, 2017, 08:07:08 AM

Quote from: Memento on March 03, 2017, 07:49:56 AM

Some asshole without any research wrote shit...

Actually he did real research and you have fallen for propaganda.
I can make a nice drawing about a coin I want and tell things. That will not make them true. But I may have a bigger chance than you just because I would not call "asshole" the people bumping my advertising.

Don't lie. If Bitcoin would do something instead of promising i would not support Dash, but if Bitcoin developers lie that everything is okay, then i prefer to use Dash.

I don't lie. You do.
Bitcoin's problems are quite a debate and I guess that they'll be fixed, hopefully soon.
But you know, the world is bigger than Bitcoin and Dash.
However, I don't know why I am wasting my time, it's clear that you prefer the bubble you live in.

schnötzel

legendary

Activity: 1316

Merit: 1041

Bitcoin is a bit**

Quote from: Memento on February 08, 2017, 08:24:17 AM

Commerce would grow, everyone would be available obtain and pay for everything with bitcoin.
This is an great video, bitcoin is the main currency of world:
https://www.youtube.com/watch?v=pPgd7Hj3ABQ

What is wrong people?
Stop using banks.

What happened memento? Cheesy

dwgscale11

sr. member

Activity: 335

Merit: 250

#fakenews

Dash is a scam, Amanda B Scamson and Evan are exiting on all you poor souls. Dont fall for the old used car salesman tricks.

https://steemit.com/cryptocurrency/@thedashguy/warning-why-i-don-t-trust-the-price-of-dash-nor-the-community-be-careful-folks-invest-wisely-diversify