Topic: XMR vs DRK - page 65. (Read 69810 times)

I'll give you $1000 if you can prove stop-gape solution is better and by proof I mean, run a poll on bitcointalk with at least 800 votes asking if people prefer your stop-gap solution to a  proper working GUI wallet.

There are plenty of now dead shitcoins that played games with supply. Supply tinkering != returns.

A possible corollary of your line of thinking is that someone could copy-paste XMR right now but with an emission-capping hard fork. The investors and the market should then naturally flock to this new chain. I doubt that will actually happen.

but doesn't DASH denominate to 8 decimal points?

what am i missing other than 50% of 'fucking shitloads' is locked up?

Times like these make me wish that Satoshi would come back and give his opinion. I'd love to see it...

Yes I realise that the masternodes are trusted, but you would need to compromise an unrealistic number of them to mount this kind of attack.

Yes, consensus across nodes that are trivial to acquire takes time. This is not the same as consensus across nodes that require significant collateral to acquire, no?

I must say that I like debating with you, your language is excellent.


Fair points, but I think it's reasonable to trust Evan during the early development of the coin - that is priced in as far as I'm concerned....the spork in it's present state isn't a permanent feature as far as I know, it's just to allow rapid development.

What exactly would happen if someone got the spork key? They could roll the latest features back to a recent, stable version? Hardly sky falling in territory is it?
 

Buddy, I've offered you $500 to demonstrate this. Stating it as fact does not make it so.

So now you're basically letting it all out, and saying that you just care about making money. Asking for donations is useless idealism to you, so you'd rather instamine instead. Gotcha.

Darkcoin is gonna have a bright future with it's instamine, faulty masternodes, and terrific community spirit. (sarcasm)

Did you think that if devs own 40% like you are saying lying , post thing like that ?

Hey rocket don't bother.

The 2 XMR core devs are here trolling about DRK instead of coding as usual

Plus nearly all XMR is through one exchange: Poloniex

...where we find a huge XMR markets box and a trollbox with a fulltime XMR pump team and mods backing them.  With comments like:

zhalox: And when that happens, XMR will rise farther than LTC rose from 1.11 to 48.48 USD ladies & gentlemen

So really it doesn't matter - XMR buying is centralized and they control the Polo trollbox so they can control the price.

Team XMR is just trying to run their latest pump with the drk rise

we might as well be arguing on a DRK vs PayCoin.

So here's an open secret: I was C-level at a listed multinational for several years before leaving to start an import/export company (which is still in operation and is within the group of companies I am now chairman of). Just because I retain technical ability doesn't mean I don't also know how to reorient business units and cull dead products to better maximise a company's EBITDA.

Nonetheless, a FOSS project isn't a company, and breaking a social contract for the sole purpose of rewarding "investors" that did nothing more than bought some coins created by mathematics is...well...not going to happen.

3mill(# between instamine which had 4mill coins and current masternodes holding up 2mill coins) * 10(0.1 dash, most reasonable denomination to use)=30million dash taken out of circulation


Then there's the remaining 2.2million dash(there are currently 5.2million dash mined), multiply that by 10 also and you get 22million dash in circulation.


So even if you use the the denomination of 0.1 instead of 1 full dash, youd still have 30million locked up in masternodes/instamine(downplaying that) and only 22million in circulation. Tell me how that isn't a problem when more than half the supply is in masternodes/instamined and less than half is available for purchase? That's what leads to extremely high volatility.

More useless idealism. I wonder how much consolation that will bring if you end up losing to Darkcoin? Nice guys finish last.

Sure, but we're talking orders of magnitude here, and the incentive is not "profit", the incentive is only there to cover your expenses for running a full node. That makes attacking other nodes worthless, because it won't increase your payments enough to make it worthwhile.

We don't beg for donations, we ask  - the same that bitcoin does.

Unlike Evan we are real men with balls who put their own money into this, without screwing others.

Sure I would love a masterpiece, but if I show up a year later and see the "Genius" smearing feces on the canvas and then yelling/drooling that he is much better technically than all the other artists out there and that someday, someday this putrid crusty thing will be a masterpiece. Yeah I think men in white coats would be showing up soon.

It may not be a literal business, but it's a competitive environment that is similar to running a business. Evan is using his experience with finance and investing to not only create an anonymous payment solution, but to create it in a way that most benefits investors. You guys have this false notion that people care about emission schedules. You have very idealistic notions, and that will hurt Monero in the long run. The world is not ideal, and no one will use Monero just because it's the fairest coin.

Evan understands this, and the instamine actually allowed him to fund development, while you guys have to beg for donations because of your stupid ideals. It's a shame, as I will freely admit that Cryptonote is a more elegant solution than Darksend.

You have to trust the honesty of the MasterNodes that vote, that's what I mean when I speak about a system designed from an assumed-trust instead of an assumed-malice perspective. The other avenue here is an attacker can disrupt every single InstantX attempt by serving up modified (but still valid) transactions for every InstantX transaction they observe, which will make those InstantX transactions fall back to normal verification.

That's why jgarzik (Bitcoin Core Dev) wrote this fantastic post: "The process of consensus "settles" upon a timeline of transactions, and this process -- by design -- is necessarily far from instant. Alt-coins that madly attempt 10-second block times etc. are simply a vain attempt to paper over this fundamental design attribute: consensus takes time."

The solution to this is not a centralised and trusted voting network, it's to use off-chain or side-chain transactions for rapidity, and regularly settle back to the mainchain.


Perhaps a closer analogy than mining pools is the fact that the Bitcoin github project has a handful of collaborators, and they are all able to surreptitiously merge malicious code. The problem is that this is visible, and other will raise the red flag, whereas the spork key can be used to muck with the network with nobody knowing.

It's not so much "do you trust Evan", but more "do you trust that his opsec is so tight that no attacker, no matter how motivated and powerful, will ever gain access to the key to abuse it?" I don't even trust myself to secure my own computer, and I can assure you I have a significantly higher level of paranoia and tech-savvyness than most. The solution is not to layer complexity by splitting the key up over multiple locations (they have to come together anyway to be used), the solution is to discard a dangerous and broken mechanism.

please then do the maths and show me how liquidity is still affected....as a DRK holder I'm genuinely interested in this.

So, this is what it gets down to for you, making a quick buck.

Fairness is a garbage ideal? Sure, maybe for those that want to get rich overnight through the detriment of others. As others have pointed out, more than 1/3 of all Darkcoin's err Dash's available at this moment, are tied up in Masternodes. Yea sure, that means pumping/dumping Dash is relatively easy, but it also reinforecs the point that Dash is nothing more than a pump/dump scheme, having low liquidity means it will never get used a currency(Please don't bring in denominations, as you can do that math and see how it's liquidity is still affected). This post of yours confirms that you value Dash as nothing more than a way to make you money. Thanks for this.

It's sad to see that the entire cryptocommunity here has turned into nothing more than a get rich quick scheme, and you post embodies the ideals of all those supporting Dash and the other coins that only care about making money. You said it yourself, you don't care about fairness, you don't care about ethics, you just care about pump/dumps. Good job.

I bolded all the parts of your post that emphasize just what's wrong with the altcoin community. Then you guys wonder why Bitcoiners classify most altcoins as "shitcoins". Shame.

No I'm talking about masternode spying. DDoS is a whole other matter, and would be helped not hurt by having an unlimited number of nodes, I think that is pretty obvious