What sense is this?
"By the way, there are 2,400 masternode servers for DASH's $26m market cap, while BTC has 6,400 full nodes for a $3.5bn market cap."[/i] - That is very centralized.
How is it 'very centralised'? What are you on about?
Masternodes are hosted on other people's servers mostly, you saying "masternode servers" is a direct attempt to mislead.
it honestly wasn't an attempt to mislead, but I'll change the language if you like....there are 2,400 masternode wotsits for DASH's $26m market cap.
What's this about hosting on someone else's servers? I could host thousands of BTC full nodes on someone else's servers with no collateral. What's your point?
Masternodes undermine the entire point of the blockchain, where activities such as that should be on(Another reason why Coinjoin implemented in the coin is stupid), having such important activities as anonymity being provided by external nodes is just like using mixers for Bitcoins, which makes dash irrelevant.
How do they? DASH has an intact blockchain doing all the same things that BTCs does. How is it 'undermined'...no pun intended presumably?
BTC mixers are operated by trusted third-parties on one or two servers. DASH does mixing on a network of 2,400 servers and nobody on here despite repeated attempts can demonstrate how the transactions can be traced.
Oh the 'instamine', this has been done to death and is very boring, but the net result appears to be that the dev 'might' have something like 300k coins. Certainly a lot less coins than Satoshi has. Anyway, please let's not go there again, it's been done to death."[/i] - I don't care what's been done away with, 1million coins were instamined the first few hours of Dash's launch, and another million within the next 40 hours. You cannot compare Dash's dishonest, atrocious instamine to Satoshi honestly mining Bitcoin early on.
Those in on the Dash instamine mined over 2million coins, then had the block reward and coin supply cut by more than half, to make those coins instantly much more valuable. That's basically a scam that happened in Dash. That is in no way, shape, or form, comparable to Satoshi's honest mining of bitcoin.
Are you trolling? Or incapable of reading my comments fully? I said Dash is nothing like bitcoin, ethically, morally. I said feature wise, it's just a bitcoin clone with some extra gadgets. That's it.
Nope not trolling. OK if you're saying that DASH is nothing like bitcoin ethically or morally, well fair enough, that's your view and you're entitled to it. I disagree, but there you go....
"How is it 'very centralised'? What are you on about? What's this about hosting on someone else's servers? I could host thousands of BTC full nodes on someone else's servers with no collateral. What's your point?" It's centralized now because of the fact that most, if not all of Dash's masternodes are
It really is done to death, but for what it's worth I have considered the instamine scenario and resolved any ethical questions I had with two key points. 1) DRK was freely available for DUST for months after the launch, so anyone was free to buy/mine cheap coins for a long time. 2 ) Evan offered to airdrop the early mined coins to the community, but this was downvoted.hosted online, on
centralized servers, such as Amazon. That means it is rather simple for a government to simply take control of the nodes or take them down. Mining doesn't operate this way, Satoshi invented the method of solo mining, to which is not centralized and to which cannot be taken down by a government. This is one of the reasons why Satoshi probably never implemented masternodes(It's a fairly simple concept) because it poses much more centralization to the network than even concentrated mining pools.
It really is done to death, but for what it's worth I have considered the instamine scenario and resolved any ethical questions I had with two key points. 1) DRK was freely available for DUST for months after the launch, so anyone was free to buy/mine cheap coins for a long time. 2 ) Evan offered to airdrop the early mined coins to the community, but this was downvoted. - I'm not here to argue whether the instamined coins are still being held by the instaminers or were sold/dumped off. I don' care about that, that doesn't matter, What matters is that the instamine happened anyway and nothing was done to stop it, mainly because Evan benefitted greatly from it(Being the first one there and all). The point is that the instamine happened where over 2million Dashes were mined in less than 2 days, and the block reward and coin supply(Two things that according to Satoshi should never be touched) were absolutely defecated on when they were cut by more than half of their original amounts. That's basically a scam and there's no way around it.
How do they? DASH has an intact blockchain doing all the same things that BTCs does. How is it 'undermined'...no pun intended presumably? BTC mixers are operated by trusted third-parties on one or two servers. DASH does mixing on a network of 2,400 servers and nobody on here despite repeated attempts can demonstrate how the transactions can be traced. - It's "undermined", no pun intended, because that's the reason the blockchain was created in the first place, to do away with relying on trust aka someone to set up a masternode so you can mix your coins. Dashes entire masternode concept is based upon trust, which Satoshi did away with through Bitcoin. All Dash is doing is reversing that and heading back to centralization and trust. Bitcoin mixers are operated by third parties, so is Dashes masternodes. Point? In fact, there are already plans in the works of creating a decentralized bitcoin mixer, so that itself would make Dash irrelevant as well, since that mixer would deliver the same amount of anonymity that Dash can/could ever deliver(Still less than ring signatures/zeocash).
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