The Reality of Masternode Centralization - page 2.

generalizethis

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Facts are more efficient than fud

Quote from: illodin on June 05, 2015, 08:35:45 AM

Quote from: binaryFate on June 05, 2015, 08:01:06 AM

There are several GUI available other than www and you know that very well, so don't play dumb.
Who cares if there isn't written "official" on them? We're talking decentralized open-source project, not corporations products.

I'm not going to download any unofficial wallet that only 5 people are using because I don't trust it. I'm ok with downloading an official wallet or using a Bitcoin wallet such as Multibit or Armory because thousands of people are using them and any malice or fatal bugs would've been found already.

But you trust the masternodes everyone is using best practices to keep private? Roll Eyes

I get that you want to use the easiest thing available, but don't fool yourself into thinking that the easiest thing available is the best thing available--when Monero releases the official wallet, you will literally have no advantage over Monero, so what's your hurry?

illodin

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Quote from: binaryFate on June 05, 2015, 08:01:06 AM

There are several GUI available other than www and you know that very well, so don't play dumb.
Who cares if there isn't written "official" on them? We're talking decentralized open-source project, not corporations products.

I'm not going to download any unofficial wallet that only 5 people are using because I don't trust it. I'm ok with downloading an official wallet or using a Bitcoin wallet such as Multibit or Armory because thousands of people are using them and any malice or fatal bugs would've been found already.

spartak_t

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@FAILCommunity

In Bulgaria there are a lot of DRK (Dash) "fans", but I don't like it. I didn't expected to see that many masternodes though.
Basically, Nettera is quite old bulgarian IT company, but I'm quite sure that they are not doing good lately.

P.S. I don't like Monero either, because almost all discussions are turned into Monero-Dash war.
P.S.2. I didn't read entire thread - just the OP.

binaryFate

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Still wild and free

Quote from: illodin on June 05, 2015, 07:10:50 AM

Quote from: binaryFate on June 05, 2015, 06:49:16 AM

"Yeah it's weak and centralized at the moment... But when we will have the market cap of Bitcoin, things will get much better!".

"Yeah we don't bother making a GUI so the user experience is weak and centralized to www wallet because we have more important things to do... But when we do, things will get much better!".

There are several GUI available other than www and you know that very well, so don't play dumb.
Who cares if there isn't written "official" on them? We're talking decentralized open-source project, not corporations products.

illodin

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Activity: 966

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Quote from: binaryFate on June 05, 2015, 06:49:16 AM

"Yeah it's weak and centralized at the moment... But when we will have the market cap of Bitcoin, things will get much better!".

"Yeah we don't bother making a GUI so the user experience is weak and centralized to www wallet because we have more important things to do... But when we do, things will get much better!".

binaryFate

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Still wild and free

Quote from: illodin on June 05, 2015, 05:45:58 AM

People are running their masternodes where ever it's cheapest, because the rewards for running one are only ~$40 or w/e per month.

The reason the reward is so small right now, is that we aren't at the point where government agencies would get interested in DASH yet.

If DASH would attain Bitcoin-like adoption (and the interest of TLA's), by then we'd probably have custom hardware without NSA backdoors ("Masternode ASICs" if you will) to run masternodes on. At that point the "best practices" list is going to be quite short and easy to follow.

"Yeah it's weak and centralized at the moment... But when we will have the market cap of Bitcoin, things will get much better!".

How do you get to Bitcoin level if the stuff is half-broken to start with?

illodin

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People are running their masternodes where ever it's cheapest, because the rewards for running one are only ~$40 or w/e per month.

The reason the reward is so small right now, is that we aren't at the point where government agencies would get interested in DASH yet.

If DASH would attain Bitcoin-like adoption (and the interest of TLA's), by then we'd probably have custom hardware without NSA backdoors ("Masternode ASICs" if you will) to run masternodes on. At that point the "best practices" list is going to be quite short and easy to follow.

generalizethis

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Facts are more efficient than fud

Quote from: doc12 on June 04, 2015, 10:17:31 AM

Quote from: manselr on June 03, 2015, 06:45:40 PM

The problem with Dash is those masternodes can be targeted by a powerful attacker and reveal your position. In general I don't like the anonymising system of Dash and would trust Monero a lot more if my life depended on moving money anonymously.

Thats the point.
Moneros anonymity and untracebility is mathematicaly proven.

This endless discussion XMR vs. DASH makes no sense at all, because from a scientific/technical POI Monero (or cryptonote coins in general) is the clear winner.

P.S. Because of the huge premine it is also very probable that a huge number of masternodes are controlled by a very small group of persons. So someone would just have to compromize this small circle to get the control over the network.

I don't even view it as a competition--more of a difference in opinion about how a cryptocurrency should be built. I researched a few privacy solutions (dash, drk then, was among them) before I came to the realization that monero was the best available.

My main criticism of dash was/is that the masternode system encourages centralization which weakens the prospect of good anonymity and fungibility. I kept reading from dash supporters that people were using best practices when setting-up masternodes and that they were spread over 30 countries--what I found was that 95% were based on the servers of a few companies spread over 5 countries which validated my initial and continuing concern if i were to entertain dash as privacy coin.

Dash supporters can squabble over how this effects the prospects of the coin's anonymity and fungibility (not odd that these two things go hand in hand), but what they can't do now is say that the coin is evenly spread over 30 plus countries or that masternode operators are following best practices.

doc12

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Quote from: manselr on June 03, 2015, 06:45:40 PM

The problem with Dash is those masternodes can be targeted by a powerful attacker and reveal your position. In general I don't like the anonymising system of Dash and would trust Monero a lot more if my life depended on moving money anonymously.

Thats the point.
Moneros anonymity and untracebility is mathematicaly proven.

This endless discussion XMR vs. DASH makes no sense at all, because from a scientific/technical POI Monero (or cryptonote coins in general) is the clear winner.

P.S. Because of the huge premine it is also very probable that a huge number of masternodes are controlled by a very small group of persons. So someone would just have to compromize this small circle to get the control over the network.

manselr

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The problem with Dash is those masternodes can be targeted by a powerful attacker and reveal your position. In general I don't like the anonymising system of Dash and would trust Monero a lot more if my life depended on moving money anonymously.

BagHolder010

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Best IoT Platform Based on Blockchain

Quote from: generalizethis on June 03, 2015, 04:28:57 PM

Quote from: BagHolder010 on June 03, 2015, 04:11:55 PM

You're killing them blockafett; you made them talk to you on 9 or 10 dash hate threads...I thought what Evan and he's team did 2 days ago was enough for them since monero developers don't give them much love with any updates for a WHOLE year lol

killing us? I thought he was on a suicide mission.

I might be interested on Fluffy pony ' s now...ill invest some money for him to build me another website like vertpay .com &my monero. Com ...call it crypto.for real developers lol

generalizethis

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Facts are more efficient than fud

Quote from: BagHolder010 on June 03, 2015, 04:11:55 PM

You're killing them blockafett; you made them talk to you on 9 or 10 dash hate threads...I thought what Evan and he's team did 2 days ago was enough for them since monero developers don't give them much love with any updates for a WHOLE year lol

killing us? I thought he was on a suicide mission.

BagHolder010

sr. member

Activity: 283

Merit: 250

Best IoT Platform Based on Blockchain

You're killing them blockafett; you made them talk to you on 9 or 10 dash hate threads...I thought what Evan and he's team did 2 days ago was enough for them since monero developers don't give them much love with any updates for a WHOLE year lol

Johnny Mnemonic

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The great thing about decentralized crypto is that anyone who wants to create a web wallet is free to do so, whether he's a core dev or not. If you think MyMonero is shady, you should create a better alternative for people to use for their xmr.

Regarding your other concerns with Monero, anyone who wants to contribute can. The core team members are hardly the only devs... and if any of the many xmr contributors were that concerned about a core gui, for example, they'd implement one and submit a pull request. Nobody has yet, because it's just not that high of a priority.

TheDasher

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Blockafett is a dumb fuck why argue with him?

wpalczynski

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You are wasting your time. The only reason he is spewing this nonsense is because there are about a dozen threads by a dozen different people criticizing his precious DASH about the myriad of fallacies and shortcomings inherent in that scam coin. I believe he is well aware of how factually unfounded his accusations are.

First of all, the whole premise for his monero ""vulnerability"" is he states that most monero transactions go through mymonero which is an outrageous assumption. Mymonero is simply a web wallet used mostly by noobs who don't want to download the blockchain and run their own wallets.

Even the rest of the DASH DEFENDERS™ are too embarrassed to join him in this ridiculous discussion about unfounded allegations based on absurd assumptions.

generalizethis

legendary

Activity: 1750

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Facts are more efficient than fud

Quote from: BlockaFett on June 03, 2015, 07:34:54 AM

Quote from: generalizethis on June 03, 2015, 07:33:31 AM

Quote from: BlockaFett on June 03, 2015, 07:27:04 AM

Quote from: generalizethis on June 03, 2015, 07:22:29 AM

Then use two screen shots for full disclosure. Wink

You are wrong to think people are stupid enough to not see through this...when the penny dropped for me and I pointed this out 2 days ago, personally I was 50/50 as to a deliberate scam, but now after seeing the reaction, and how e.g. your last page of posts avoiding my point like everyone else has done, I think i totally nailed it..

I guarantee certain Monero people are currently sh**ing their pants on this issue..but don't worry, not worth my trouble to fully expose it and you have enough suckers on Trolloniex to keep your scam going for a good few months I suspect...

Dude, what proof of a scam have you uncovered? All i'm reading is assertions built on conjecture. Give me some verifiable evidence. It will only take some legwork on your part (along with finding the right people with right expertise) if it is true. It's not like anyone is preventing you from collecting facts, are they? If you are being threatened, you should alert the authorities....

Maybe deal with what I already said:

"I have pointed out that MyMonero.com is essentially a massive gaping whole in your setup and looks likely to be a scam by your dev who has a *history* of trying to setup a web wallets in the middle of coins, like when he tried to scam USD 200,000 from Vertcoin to develop Vertpay.com - a simple HTML site.

Monero's answer "You don't know how many users use MyMonero, so without an exact figure nothing you are saying is true".

Or in other words, you think people are fucking stupid enough to believe a puerile defense like that instead of a reasonable explanation as to why the #1 wallet (i.e. the only one that actually works) for the most anonymous coin in the world is a website with a closed source backend ran by your core dev and wired up to google analytics = coin suicide.
"

I think Fluffy already defeated your vertcoin attack months ago....or did you forget that accusation made and refuted?

https://bitcointalk.org/index.php?topic=583449.22660

Also, is this (the OP) you? https://www.reddit.com/r/vertcoin/comments/2590id/hello_members_of_the_cryptocurrency_community/

Anyone can use any of the wallets, so I'm not sure why you A. assume people are using the web wallet or B. that most transactions are being done on mymonero. Until you provide proof of one or both, it's really dumb to discuss the effects that that may possibly have monero's anonymity--i wouldn't transact through a web-based wallet if i wanted anonymity ever, but that's just me. I suspect that many people that have their funds on mymonero are sitting on them until the official GUI is finished. Someone else might assume because of the private nature of monero and the technical know-how of the majority of the people who post on the monero forums that they would want and be able to use one the gui's listed on the monero sites--but these are like your assumptions, based on conjecture and unsustainable as facts until more information is gathered-- kind of like when dashers assumed that everyone was using best practices to set-up nodes....

BlockaFett

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Quote from: BlockaFett on June 03, 2015, 06:35:53 AM

Yup. Let's pretend like having most Monero transactions typed into the dev's personal MyMonero.com website to move funds between there and Poloniex, that controls 95% of volume, because he refuses to make you a working client wallet where he / google analytics can't see what you are doing, means that Monero's anonymity "is fine". (serious face)

Generalize this one you avoided too ^

BlockaFett

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Activity: 392

Merit: 255

Quote from: generalizethis on June 03, 2015, 07:33:31 AM

Quote from: BlockaFett on June 03, 2015, 07:27:04 AM

Quote from: generalizethis on June 03, 2015, 07:22:29 AM

Then use two screen shots for full disclosure. Wink

You are wrong to think people are stupid enough to not see through this...when the penny dropped for me and I pointed this out 2 days ago, personally I was 50/50 as to a deliberate scam, but now after seeing the reaction, and how e.g. your last page of posts avoiding my point like everyone else has done, I think i totally nailed it..

I guarantee certain Monero people are currently sh**ing their pants on this issue..but don't worry, not worth my trouble to fully expose it and you have enough suckers on Trolloniex to keep your scam going for a good few months I suspect...

Dude, what proof of a scam have you uncovered? All i'm reading is assertions built on conjecture. Give me some verifiable evidence. It will only take some legwork on your part (along with finding the right people with right expertise) if it is true. It's not like anyone is preventing you from collecting facts, are they? If you are being threatened, you should alert the authorities....

Maybe deal with what I already said:

"I have pointed out that MyMonero.com is essentially a massive gaping whole in your setup and looks likely to be a scam by your dev who has a *history* of trying to setup a web wallets in the middle of coins, like when he tried to scam USD 200,000 from Vertcoin to develop Vertpay.com - a simple HTML site.

Monero's answer "You don't know how many users use MyMonero, so without an exact figure nothing you are saying is true".

Or in other words, you think people are fucking stupid enough to believe a puerile defense like that instead of a reasonable explanation as to why the #1 wallet (i.e. the only one that actually works) for the most anonymous coin in the world is a website with a closed source backend ran by your core dev and wired up to google analytics = coin suicide.
"

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: BlockaFett on June 03, 2015, 07:27:04 AM

Quote from: generalizethis on June 03, 2015, 07:22:29 AM

Then use two screen shots for full disclosure. Wink

You are wrong to think people are stupid enough to not see through this...when the penny dropped for me and I pointed this out 2 days ago, personally I was 50/50 as to a deliberate scam, but now after seeing the reaction, and how e.g. your last page of posts avoiding my point like everyone else has done, I think i totally nailed it..

I guarantee certain Monero people are currently sh**ing their pants on this issue..but don't worry, not worth my trouble to fully expose it and you have enough suckers on Trolloniex to keep your scam going for a good few months I suspect...

Dude, what proof of a scam have you uncovered? All i'm reading is assertions built on conjecture. Give me some verifiable evidence. It will only take some legwork on your part (along with finding the right people with right expertise) if it is true. It's not like anyone is preventing you from collecting facts, are they? If you are being threatened, you should alert the authorities....

Topic: The Reality of Masternode Centralization - page 2. (Read 7919 times)