Bitcoin Forum

http://www.cryptoworldwide.com/crypto-coin-spotlight/inside-dash-is-dash-a-better-alternative-to-bitcoin/
Posted By: Scott Sidders July 21, 2015
Written By: Scott Sidders

DASH contends to have real world application because of it’s cash-like qualities and user-base – in other words, the technology and community behind DASH make it worth noting as not merely a tradable crypto commodity, but as a potential cryptocurrency for future widespread adoption.

What is DASH?

DASH is an alternative to bitcoin that features better anonymity via Darksend, a protocol that mixes and mashes transactions together before dispersing them to the proper addresses. This stops people from tracking DASH users’ spending of the coins. DASH is intended to emulate cash (only digital), in that DASH is untraceable, instant, and bypasses the need for third-parties for transfer of funds. DASH is a fork from Bitcoin, meaning it can easily adopt new applications made for Bitcoin.

InstantX

There’s thousands of crypto coins, so why should you care about DASH? First, DASH offers fast transactions across the internet. You could send DASH from Canada to Zimbabwe, to Brazil, to Scotland, to Australia, and back to Canada in mere seconds. Peer-to-peer this is nothing new, but peer-to-merchant, transactions can be finalized in seconds as opposed to bitcoins’ minutes to an hour for satisfactory confirmations. For example, if you want to send BTC to a merchant this can take up to an hour before confirmations are processed enough for the merchant to release their product. For DASH, using the new InstantX protocol, you could send DASH to the merchant and in seconds the transfer can be locked in to ensure double spending cannot occur, thus allowing the merchant to release their product instantly. This is true for all merchants that adopt InstantX. An entire white paper has been written dedicated to explaining this further if you want to read more: http://www.scribd.com/doc/241012134…hanism-for-Mitigating-Double-Spending-Attacks

Darksend

DASH offers better anonymity than bitcoin via Darksend. Some bitcoin merchants have declined buyers due to “dirty money” since they can gain an idea of where bitcoins have come from. Darksend essentially scrambles transactions so that you can’t trace which payments were sent by whom. Anonymity may not be important to all crypto users, but think about countries run by totalitarian regimes where you don’t want the authorities to know what you do with your money. Maybe you don’t want people knowing how much money you have or maybe you don’t want your friends and family know what you do with your money. Regardless of why you would want your transactions private, it’s about giving crypto users the option and the right to financial privacy. Think of how much information credit card companies gather and sometimes sell to companies for better targeted advertising. You now have the option to deny being subjected to sharing your financial information thanks to DASH.

Masternodes

Best of all, no third party carries out these tasks, masternodes do. A masternode can be hosted by anyone and in order to host one you need to have 1000 (approx $3600 USD) DASH as collateral which deters bad actors from acquiring 51% of the masternodes. The masternodes perform tasks for the DASH network such as the mixing up and distributing of payments via Darksend. Since this costs to perform, masternode hosts receive a percentage of the block reward. That’s right, by owning a masternode, you can earn dividends on every block mined – and best of all, you don’t have to do anything. The return on investment for masternodes has been around 14% annually which has gained a lot of appropriate attention. The 1000 DASH that must be secured as collateral doesn’t leave your possession either, it only has to be untouched to keep your masternode running.

Furthermore, masternodes create a decentralized system of governance. By owning a masternode you can participate in voting on future projects — similar to how voting stock works for a company and its shareholders.  Masternodes have some real potential for other developers too. If interested I recommend checking out Fernando Gutierrez’ candid article regarding masternodes here: https://letstalkbitcoin.com/blog/po…uly-trustless-and-opens-endless-possibilities

Why does DASH matter?

The technological aspect of DASH is great, but greatness is in the eye of the beholder and without people using DASH, it’s worth nothing. However, this is not the case. The DASH development team has shown to be a real asset to the crypto world. For instance, the DASH team recently went from pseudonymity to being open and known. This is a big step in crypto because most coins currently have developers that hide behind their user names without anyone knowing who they really are. This becomes problematic when a coin is worth something because now whether the original developers intended to be ethical, or not, they now have incentive to cash out and abandon the coin without being personally held accountable. Incidentally, this happens all too often. Thus, having upfront and honest developers is a huge step in the alt-coins and will hopefully continue to be the standard. Here’s an example of one member from the DASH team, Fernando Gutierrez, doing a talk at a BTC group meeting in Barcelona. https://youtu.be/wj-5sBFHQAU

DASH does have an active, and quite large, community behind the coin relative to others. It cannot be stressed enough how important community is. Think about how Bitcoin became so large a phenomenon now. People that believe in the technology put themselves out there to communicate the value of using cryptos to the public. DASH’s community, though small in comparison to bitcoin, has some really passionate and intelligent people that believe in it. This can’t be said about most crypto coins.

Conclusion

Predicting how crypto coins will be in the long term future is difficult because of how fast this industry moves, but it is reasonable to believe that DASH will be around and I wouldn’t doubt it if DASH became worth much more than it is now. Due to the strong community, the adaptability to integrate new technology from the bitcoin protocol, the security, and anonymity aspect of this crypto coin, DASH contends to be a better alternative to bitcoin, though this is dependent on the people’s attitude towards DASH. I can’t predict the future, so obviously you shouldn’t base financial decisions on my words alone. However, I’m going to humour you and make a prediction for DASH’s future prospects. Based on what I’ve learned about DASH thus far, DASH will gain a lot of attention in the next year, and in one year from today, I think DASH will have steadily climbed to over $30 USD and will remain above this price.

Suggested further readings:

The DASH white paper:

https://www.dashpay.io/wp-content/uploads/2015/04/Dash-WhitepaperV1.pdf

InstantX white paper:

http://www.scribd.com/doc/241012134…hanism-for-Mitigating-Double-Spending-Attacks

Masternode article:

https://www.dashpay.io/news/self-sustainable-decentralized-governance-by-blockchain/


The information provided herein is the author’s opinion and provided for entertainment purposes only. While the author strives to make the information on this website as timely and accurate as possible, the author makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this site, and expressly disclaims liability for errors and omissions in the contents of this site. The information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice or any other licensed advice. The authors on this website are in no way liable for any decisions you make based on information provided herein. CryptoWorldwide.com and its staff do not necessarily endorse nor oppose any claims or views expressed by authors on the website. All content is subject to copyright and may not be reproduced in any form without express written consent of the publisher.

No, because Dash is "bad crypto."

https://twitter.com/petertoddbtc/status/622081863008436225

This...Dash has a blockchain waiting to be deanonymized. ...

This.

Dash may be a fun exercise in the psychology of young-adults/late-teens, but I think there's a high probability that 5 years from now, it'll be trading at less of a fraction of BTC than it is today (due to fundamentally inferior crypto and p2p-design versus other coins in the niche in which it can even theoretically gain market-share). That said, like every alt, it also seems to be an exercise in financial psychology of illiquid assets (anyone read "Reminiscences of a Stock Operator"?), so the swings in the meantime may be extreme and provide yet more data for academic observers.

That said, like every alt, it also seems to be an exercise in financial psychology of illiquid assets (anyone read "Reminiscences of a Stock Operator"?), so the swings in the meantime may be extreme and provide yet more data for academic observers.

As long as most of the people are sticked to BTC and BTC is the "fundament" of cryptocurrencies there is no chance for any other coins.

EDIT : Which is not a bad thing

This...Dash has a blockchain waiting to be deanonymized. Monero keeps no such ledger and doesn't face this ticking time bomb

Another point for Dash that it will have a decentralised budget funds system in place that will make sure that future projects
will get funded though Dash's blockchain (it will be implemented with next update).

In my eyes this will mean that Dash as project can keep developing itself and does not risk drying up due to lack of funding.
This in contrast to other altcoins (and Bitcoin) who really need funds, any funds to keep operating. This (again in my eyes) increases the
surviveability of Dash as coin and keeps the community involved (which is rather large and active already).    

Also, we are only at the first page and already MONERO and SDC have been mentioned. Tells a lot who's trying to ride the coat tails and who's the leader.

opps spoke too soon 162 now

So this is the SDC market watch thread now?

I don't know is this the talk shit to Dadon thread yet?

If you could also paste the photoshops of the shadow market your mission would be complete.

No

Kids, listen to your Legendary elders.  Just say No to Dash.

DASH is the fourth in market cap so i dont think is the bst alternative.
Doge coin is good and litecoin too

NXT is going under major developements, so after depolyment i think NXT will be a much more stronger crypto.

Anyways i dont see why we need an alternative for BTC.

Dash won't be a better alternative to bitcoin. It was a coin launched with $$ in mind from day 1. I just don't trust it.

I hate to say this because of all the annoying as shit xmr posts, but fundamentally, monero is a superior anon currency... as shitty and as clunky as it is to use currently. Fundamentals win in the long term.

(Maybe not monero, but some other coin which anonymity is guaranteed by math and not by external supervisors.)

It will always have master nodes so it will always be obsolete but lucky we have SDC, i used to hold DRK BTW bought below $1

I think dash is not a better alternative but just that an alternative and it should be treated as such. It is a coin with decent features and for the altcoin world long term stability. I would suggest it being one of the coins to use for diversifying but not for a complete switch. Bitcoin is still king.

No offence but good luck getting out of the shadow of soo many coins before you (39 cryptocurrencies according coinmarket ?)

SDC does have innovations but personally I don't see it being a breakout coin anywhere but the darkweb. I do think it will thrive there and continue to live past many other coins. I am sorry if you take that negative but it is a good thing, there needs to be coins for everyone.

There's nothing wrong at all with having alternatives to Bitcoin. We sometimes forget that Bitcoin is still just an experiment and a lot can still go wrong. As mentioned earlier, competition is healthy for crypto. Bitcoin certainly has the first mover advantage in the crypto space and Bitcoin has certainly done A LOT of the leg work in terms of promotion and getting the general public's attention. However, Satoshi made the code open source for a reason, he wanted competition because he knew Bitcoin is likely not going to be perfect. The question then comes down to people's perception of coins because many alt coins have the good fundamentals, but none have the scale of users like Bitcoin. That is why Bitcoin is king, the users. As demonstrated on this thread, many people's perceptions are heavily biased by their investments, so rational conversation can be hard to have at times. Regardless, I think it's about to get real interesting as crypto becomes widely known and accepted. Give it 3 years and our monetary future will be radically different. Cheers.

In dash network all transaction are really anonymous and this is a final purpose of BTC project . i think dash and monero are best of alternatives ....

Only because of anonymity?

In dash network all transaction are really anonymous and this is a final purpose of BTC project . i think dash and monero are best of alternatives ....

darkcoin or however it will be called next year is not a decentralized entity.

this currency is lead by a single person.

darkcoin is like an old conservative company with strong hierarchical comamnd structures and a single person on the top of the pyramid.

fuck this i tell you.

darkcoin is not decentralized as it still relies on a single person.

the core devs were just a bunch of volunteers exploited for the big thing.

the things going on here are fishy, intransparent and rely on a single entity.

you are probably investors trying to win a gold donkey. or you are simply trying to exploit every possible vector of profit in the coins space. whatever. you are not here because darkcoin is something it claims to be.

what if evan duffield suddenly announces he quits the project tomorrow morning?

I have three trolls on my ignorelist, they are :

AdamWhite
TheDasher
iCEBREAKER

These trolls have been trolling the ANN Dash forum for some time now and have but one single purpose which is to derail our ANN thread and discredit
Dash by any means necessary even if that means blattently lying and spreading misinformation about Dash and its community.
i have learned the hard way to best deal with trolls like that is to put them on ignore which means i dont go into discussion with them in here
and only look at their posts to see if they have violated any of my three rules mentioned on my first post. Just rest assured anything coming from these
three individuals is pure FUD and attempts to discredit Dash .. nothing more, nothing less.

Personally i think it will depend on a few conditions :

- There need to be a growing awareness of cryptocurrency in general where people will not only regnonice and understand Bitcoin but also understand its weakness
such as lack of privacy (transactions can get traced easily now and even more easily in the near future with upcoming regulations) and the inefficiency / handycapped
use of it on a truelly global scale involving millions of transactions when it will be trying to fullfill the role of electronic cash (and most likely failing).  

* there is already a growing awareness of this weakness of Bitcoin that you see expressed in articles coming out lately but if that will persuede either
current bitcoin users or new bitcoin users to look for alternatives is still very much the question.

- To have DASH as better alternative it will need to have a simple package that is easy to understand, easy to use, very fast and very secure. That will mean moving towards not only
PC / Windows users but also Phone users (Android, IOS, Windows Phone) and making everything very very user-friendly.

- DASH will have to get an effective marketing campaign setup to attract more attention and position itself as direct competitor of Bitcoin.

When these conditions are met i feel DASH will have a good chance of being considered a better alternative to Bitcoin.

Evolution is a completely different way of thinking about cryptographic currency. To start, we’ve figured out how to implement an API in such a way that it’s both completely secure and decentralized. This will allow us to use 5-20 DASH random sub-quorum servers per request, instead of all of them as is the norm with the rest of the cryptographic currencies (each node must process each request individually). That alone gives us a large leap in technological abilities that none of our competitors have, but combined with our decentralized storage mechanism we can enable large scale support of user-based storage. This means our users data will live on the network and they can jump from their android Dash wallet, to a browser-based Dash wallet without losing information about their transaction histories, friends or private messages.

Technical details of the system are quite impressive alone, which is what we revealed at Bitcoin Wednesday in Amsterdam. However, that’s not really what is going to sell the system. We’re going to compete by making a new type of cryptographic currency that is user-focused.

All components of cryptographic currency are being rethought.This is intended to be a platform that the rest of the world can use without being scared away by all of the complicated cryptography happening behind the scenes. When a transaction comes into your wallet, it will say “Evan sent you 41DASH for Samsung 2005 TV”, not “41DASH from XrWaFt4YY3AevBoZWkmrQEYSAYwiUFodtB”. The later scares away a large percentage of the population, because it looks complex and feels unsafe.

If we told everyone within the community every detail, we would steal our own momentum, so we’re going to show a proof of concept of this system in action at Bitcoin Miami. This is quite exciting because this is one of the largest most influential conferences within the Bitcoin ecosystem and we hope to ignite a lot of interest.

DAPI will also include a vastly improved version of masternode blinding. All requests through the system can be blinded, so that they are redirected through the system to a masternode that doesn’t have any direct contact with the end user. This is the reason we will not be building masternode-blinding into the v12 client.

Teaser screenshot of Dash Code-Name "Evolution"

OK, that's a nice slide.

Where is the whitepaper?

Where is the code?

Bitcoin now has CLTV/CSV, when will Dash add these important features?

Patience is not simply the ability to wait - it's how we behave while we're waiting.
Joyce Meyer

Yes, that's what I figured.  With regards to the two key functions needed to scale blockchain based ecash, Dash's position is 'lol I dunno.'

That's *almost* as asinine as coding up Evolution before its allegedly revolutionary concepts have passed muster in the peer review process.

I guess Evan Scamfield is committed to shipping Evolution, whether it actually works or is based on fundamentally unsound computer science/cryptography.

So there is no other way to scale a blockchain based crypto coin than CLTV/CSV?

With regards to CLTV / CSV : Dash v12 implemented Bitcoin Core version 0.10, i have no idea if v12.1 or v12.2 will include further Bitcoin updates or if that will be
reserved for v13 (Evolution), thats up to the Dash Core-Team. I do want to mention that CLTV (where CheckLockTimeVerify & CheckSequenceVerify provide the basic
functions needed to build Lightning-type payment channels and Liquid/CT-type sidechains) only very recentely got implented in Bitcoin (yesterday ?) so i'm sure our
Core-Team will study it to see if it conflicts with their plans for Evolution.

Dash has never implemented Masternode blinding, so its privacy is broken.

Where is the whitepaper?

Bitcoin now has CLTV/CSV, when will Dash add these important features?

No, because Dash is "bad crypto."

https://twitter.com/petertoddbtc/status/622081863008436225

I read this thread and this is my question:
What if evan duffield unexpectedly dies tomorrow morning?

I read this thread and this is my question:
What if evan duffield unexpectedly dies tomorrow morning?

I read this thread and this is my question:
What if evan duffield unexpectedly dies tomorrow morning?

I read this thread and this is my question:
What if evan duffield unexpectedly dies tomorrow morning?

If Dash's sugar daddy/life support system decides to move on to other investments, Dash's goose is cooked.

Now we know why our friend Ice is so grumpy:

https://bitcointalk.org/index.php?topic=501865.msg8097593#msg8097593 (https://bitcointalk.org/index.php?topic=501865.msg8097593#msg8097593)

XMR price July 2014   $3.35
XMR price today        $0.38

so sad...

But I'm sure he made a fortune on Cryptonite.

oh, wait...

Seems like TrueCryptonaire was Monero's life support as when he stopped buying a month ago the price has dropped 50% so far. The last bigger fool I suppose.

No, because Dash is "bad crypto."

https://twitter.com/petertoddbtc/status/622081863008436225

"Anybody who thinks they can flesh out a protocol in secret and then deploy it, full-blown and working, is in for a world of hurt."
         [Nick Szabo, 1993-8-23]

I love how these Dashtards can't stop talking about Monero, they're obviously extremely insecure.

At the same time, they don't realize the irony since their precious scamcoin DASH is down about 70% since March 2015. Keep buying/holding ROFL

I love how these Dashtards can't stop talking about Monero, they're obviously extremely insecure.

* Pls discuss if you think Dash will indeed be a better alternative to Bitcoin
* Pls discuss this with rationality and motify your response
* pls have some respect for both the cryptocurrency and its community. accusations of scam towards Dash will not be tolerated in this self-moderated topic, there are enough of those out there already !

Seems like TrueCryptonaire was Monero's life support as when he stopped buying a month ago the price has dropped 50% so far. The last bigger fool I suppose.

You just want to know how its going to be done ;) Paying for a top class peer review is one of the things being discussed for a budget proposal and I've little doubt it'll get one so you'll just have to wait like the rest of us :P

XMR price July 2014   $3.35
XMR price today        $0.38

To briefly bring this thread back on topic

DASH price May 2014: $13.50
DASH price today: $2.25

BTC price May 2014: $500
BTC price today: $300

Are you sure? Because to me it looks like Monero is being brought up in a Dash thread and not the other way around.

One of the main reasons Dash is not better than bitcoin (even as an alternative)  is because most of its development does not appear to be peer reviewed by the crypto community.

It is being developed behind closed doors and thus there is a bigger chance for it to have bugs/exploits/flaws.

Conveniently leaving out the context. ... Monero

Who gives a shit about markets? Good luck with Doge 2.0 ;)

What you call "the contest" i.e. Monero, is off topic to this thread. Please try to stay on topic. iCEBREAKER seems capable of that (as far as I can tell every one of his posts here discussed Dash and Bitcoin). Are you?

Back on topic: Dash has lost nearly all of its value while Bitcoin is quickly recovering a large portion of the value it lost over a similar time period. Dash is NOT a better alternative to Bitcoin based on market performance, which is often cited by Dash proponents as a measure of its success.

And now instead of just leaving out the context editing posts to make the context different that it originally was is approaching forum games I've generally expected from puppets deserving the "Trollero" title. Please don't go there.

Isn't Dash open sourced? After they issue the new development, we do not know what is inside the code?

What do you think about open source developments in the Bitcoin ecosystem, such as confidential transactions (with whitepaper), sidechains (with whitepaper), improved smart contracts (with BIP documents), lightning network (with whitepaper), etc.? Is Dash meeting and exceeding that quality and quantity of open source development, or is it falling behind and/or going in the wrong direction? Is the market getting this wrong?

I think that it’s not clear that it’s desirable or good for the concept of digital scarcity if there were to be another event where an altcoin were to take over, so I’m more pushed to the view that we should add the new features that we need to bitcoin.

When iCEBREAKER invested in some coin other than Dash or Bitcoin is totally irrelevant to this thread, so yes, I'm going to trim that irrelevant context.

No, you changed the quote to make it out to be the context was Monero, when the context originally was one of the reasons why Icebreaker might be angry towards Dash and also his horrible investing skills which should make everyone consider his opinions on Dash very critically.

Everyone should also consider any Dash fanclub member's posts critically as being heavily involved with something can come with biased views (hopefully I didn't steal your reply here).

Sept 15 (https://bitcointalk.org/index.php?topic=421615.msg12433263#msg12433263): Coin's founder begins posting pump/hype statements like "Finally got my money to the exchange" as if inviting the public to take advantage of an opportunity to front-run a bull with insider info.

Sept 16 (https://bitcointalk.org/index.php?topic=421615.msg12439294#msg12439294): Coin's founder continues pump/hype with self-serving, faulty TA.

Sept 17 (http://Sept 17): Coin's founder advertises OTC coins for sale, on an ongoing basis, from the coin's official website.  Why he's using market rather than OTC buys (which directly benefit his coin) is not disclosed.

This summary does not mention specific names, to make it clear that such actions would be outrageous no matter the particular coin/dev involved.

No, you changed the quote to make it out to be the context was Monero, when the context originally was one of the reasons why Icebreaker might be angry towards Dash and also his horrible investing skills which should make everyone consider his opinions on Dash very critically.

Dash Evolution Development Begins - October 15th, 2015

I will begin work on the new Dash Evolution framework. This consists of the basic architecture,
classes and simply functionality that runs the system.

Dash Evolution Phase II - November 7th, 2015

Private internal development will begin on the Dash Evolution framework.

Dash Evolution Demonstration / Phase III - January 21/22th, 2016*

We will demonstrate what our new technology is about, how it works and why it’s a huge leap
ahead of anything else that exists presently.

The reasons why iCEBREAKER might be angry toward Dash and his investing skills (horrible or otherwise) are both off topic.

The topic is "Is Dash a better alternative to Bitcoin?"

Try to obsess a bit less about iCEBREAKER.

Meanwhile Bitcoin continues to power ahead with innovation and its open-source, peer-reviewed approach and is being rewarded accordingly by the the market.

Someone on the wall observer thread was talking about some MMM ponzi. I couldn't follow it and I have no idea what effect that might have. Does anyone think that has any merit?

Given the critical role BTC has in trading XMR it seems we ought to understand if there is some large (?) unsustainable factor driving current BTC prices, and how close that might be to reversing.

Meanwhile in another thread:

So in this thread Bitcoin's innovation is rewarded by the market, and in Monero thread it's a ponzi bubble?

So in this thread Bitcoin's innovation is rewarded by the market, and in Monero thread it's a ponzi bubble?

It was a question.

What do you think?

If Bitcoin's value is significantly inflated by its use in a large ponzi scheme then perhaps Dash is a better alternative after all.

How would Dash avoid it's price being driven to unsustainable levels by a ponzi scheme?

When there are serious doubts that dash was secretly premined and its dev holds half of the premined coins, dash is unable to be a better alt to BTC.

DASH is not a complete alternative but to invest into DASH besides Bitcoin is not a bad idea. i bought some BTC and DASH to distribute my investments.

In a Ponzi scheme, the idea is that you always need new money to pay off old investors.  If the number of people speculating on the price of Bitcoin stagnates, then the price will simply remain around the relatively same level without crashing down to zero. There are no payouts that need to be made to Bitcoin holders on a regular basis, so there is no way for a scheme to be exposed.

This is incorrect. Mining means there is an ongoing supply of new coins that need to be paid for by someone. If the miner keeps them then the miner is paying (i.e. putting in new money) with mining costs, otherwise someone else needs to pay money to the miner to buy them. If there aren't enough buyers then the price will drop until buyers show up. If no one wants to put in new money then the value would in fact drop to near zero.

Whether this meets the holistic definition of ponzi scheme is another question, but you can't deny that new money is need to sustain price in a mined cryptocurrency, because it is.

Anyway, what I was asking about was not whether BTC (or Dash) is itself a ponzi scheme, but whether the current price gains are driven by a rather large external ponzi scheme that is using BTC. The existence of the "MMM" scheme (which has by now become large enough to span several countries) is not in question.

Here is their youtube channel: https://www.youtube.com/channel/UCzQPrNRVBh6hYOE6uINRHRQ

Here is their founder talking about Bitcoin: https://www.youtube.com/watch?v=gRVhYWxhsNI

There is no case of premine with Dash .. blockchain proves that.
Please research the definition "premine" a bit more.

In this article, we explore the impact of the “instamine” on the Dash ecosystem. There’s been talk from the very beginning of Dash about the very first 24 hours, 1.9 million coins were issued. We gained access to Evan Duffield to directly answer some questions about the instamine and give us an account of what happened.

Q: Did the instamine happen?

Evan Duffield:“The instamine happened, there is no one disputing that fact. The crypto-community at large has no problem with this except a few who think it’s trying to be hidden in some way. In fact, I posted multiple times about the instamine, first in “The Birth Of Darkcoin” which is an account of the first few weeks of the launch and the mistakes that were made. Recently I also posted spoke about the Instamine in the video “Virtual Corporation”, which considers the concept that it might have been key to Dash’s success, which I believe now.

Such obsession with the instamine while Dash has moved on and so have their users. Fact is those of us involved with Dash
know about the instamine and just dont care about it anymore.  

For those interested in some facts about the Dash instamine  :

Date : 29 march 2014
https://dashtalk.org/threads/the-birth-of-darkcoin.162/

3. That Evan misled people into thinking that the launch would not happen for days (and specifically "definitely" not in "hours"), then it happened in a few hours, late at night in the US and during the early morning hours in Europe. Considering the >500K coins mined in the very first hour alone, the effect of this "ambush" was enormous.

4. That the stated reason for delaying the launch for days was to do more testing and fix bugs. Yet when the coin was lunched it still had a "serious error." Why was the rushed ambush launch done in this manner?

5. That Evan withheld information about the purpose, features, and goals of he coin development until after the instamine was complete. It was absolutely impossible for you to have any reason to mine this coin unless your strategy was to mine 100% of new coins that were launched, you just happened to stumble into it, you were friends with Evan, or you were Evan. In effect it turns the instamine into a premine, because the coins were mined before the coin was properly announced.

That is true for most people. But someone who knew that it had actual development plans would have a far, far better chance to conclude this than people operating in the dark (no pun intended). The only people with this enormous advantage were Evan and people working with Evan.

Appearently we have conflicting views on the matter, we have Dash's view on the matter which is explained in great detail and accepted by the Dash community
(who are the one's actually financially involved with this cryptocurrency) and we have the view on this matter by one of many Dash's competitors.
I will leave it with that  ::)

That's actually quite fair, though I'd note there are certainly people with the 'outside' perspective who are not Dash competitors. Both of the above cited quoted are from me (which I used because I am more familiar with my own writings and I find them to be of high quality) there are numerous other threads, posts, and poll results where it is unlikely those expressing a negative view on the instamine are direct competitors. Especially because some of those critical threads, and posts pre-date any of Dash's currently-active direct competitors!

Anyway, thank you for the respectful discussion, I think both perspectives have gotten a fair presentation here.

Such obsession with the instamine while Dash has moved on and so have their users.

Please.. the instamine isn't even mentioned on the Dash ANN thread.

Are you speaking for yourself here or on behalf of others? Have you received confirmation from each individual Dash user that allows you to make this blanket statement?

Is there a dialog box when you download the Dash wallet explaining Dash was instamined and you must agree that you've moved on in order to continue the installation?

Dash has a far more important forum in use where it does get mentioned, is pinned at the very top
and is currently viewed 12028 times ...
See post #102
 

Please don't leave the entire forum will collapse.

If Dash leaves the Altcoin discussion forum, there won't be hardly any threads remaining  :P

There are 6 Dash threads in the first page of this Altcoin discussion forum. And you are creating another one to ask if you should create less  8)

Clearly the correct answer is "all publicity is good publicity"  :-\

Is Dash even an alternative to Bitcoin?

The title of the thread seems presumptuous. Last time I checked, I can't use Dash on localbitcoins to get cash out into my local bank account, etc.. Dash isn't even close to being any generally applicable alternative to Bitcoin. Of the merchants who accept Bitcoin, my guess is less than 1/10 of 1% of them accept Dash.

If the thread was titled "Will Dash Evolution offer some technical advantages over Bitcoin?" or specified some limited scope within which Dash might be a useful alternative to Bitcoin, then at least you wouldn't look like such a dufus for titling a thread with a non-sequitur.

Good when it come to paying online without exposing one identity. but bitcoin mixers already done the job so there is no need for dash.

The only way you can tell me Dash isn't a huge improvement over Bitcoin, in speed and privacy alone

I don't think you'd lie though.

I would love to see you make an amazing coin

Good when it come to paying online without exposing one identity. but bitcoin mixers already done the job so there is no need for dash.

Please if you can respond to my entire post and not just selective statements?




You say it is mentioned on "a far more important forum" - what metrics are you using to determine its importance? This other forum has a fraction of the members, posts and views than Bitcointalk.

I'm also not clear what specifically is preventing you from also mentioning it on the Bitcointalk forum as well. Why is it only mentioned on one forum? (the less popular one)

Those Bitcoin mixers are very centralised and for that reason can form a security risk, Dash offers a safe decentralised solution.
 

Please if you can respond to my entire post and not just selective statements?





You say it is mentioned on "a far more important forum" - what metrics are you using to determine its importance? This other forum has a fraction of the members, posts and views than Bitcointalk.

I'm also not clear what specifically is preventing you from also mentioning it on the Bitcointalk forum as well. Why is it only mentioned on one forum? (the less popular one)

Masternode Geographic Loactions Worldwide : http://dashnodes.com/index/masternodes_map/
Date 25th of October 2015

Hosting servers: a few companies spread worldwide

I would call the masternode network pretty decentralised... unless we should consider the masternodes being stuck on one planet
a point for centralisation.

Dash is quite good & new crypto, but BTC is much more popular, BTC is Nr. 1 worldwide  ;D

Dash has a far more important forum in use where it does get mentioned

So for the third time, what specifically is preventing you from also mentioning the instamine on the Bitcointalk forum as well?

What enables you to speak for every Dash user when you claim every user has "moved on" from the instamine scandal?

I would go for Ethereum before Dash.

Well, Ethereum got a nice boost when they got endorsement from Microsoft but its not focussing
on all the digital properties of money (transaction speed, transaction privacy, fungibility, decentralised voting and budget)
like Dash is doing.

Instead it seems to be more of a platform for developers where others can create applications that they can then run on top of it.
So i consider Dash and Ethereum two totally different projects and both have space to grow in their own niche.

edit : with perhaps Ethereum operating in a much bigger niche than Dash...

Why should we ? every troll out here on the Bitcoin forum is doing it for us. There is simply no need for us to announce it anymore,
the Bitcoin forum trolls are that effective ...

So should Bitcoin post their instamine problem on the first page ? (you know, that 1 million BTC from Satoshi) or should Monero post about
their crippled miner problem on their first page ? Dash acknowledges the instamine and has it covered in the Dashtalk forum where serious investors
go to if they need information, end of story.

Remember, the reason cryptocurrencies came into existence in the first place was to stop this despicable kind of behavior and create systems that didn't need you trust anyone, least alone one that wants you to trust the nodes carrying your information to not be owned by a small syndicate or be run on servers hosted by a few companies around the globe

I think as usual you just made and exploded your own case in that one post.

The nature of decentralised nodes is such that people can put them up wherever they like so Dash's masternodes are distributed amongst a mix of cloud hosting services and collocated servers just the same as any other crypto's 'full nodes' are.

As for your attempt at introducing some kind of 'people' dependency as an adverse phenomenon, this is part of your usual nonsense propaganda rhetoric. The very fact that cryptocurrencies are decentralised puts people in the loop. That is the whole POINT of decentralisation and so called "peer to peer" networks.

You miss the difference between a system that cannot reveal anything of worth to a third party because the privacy is done at the protocol level and one that must have a certain number of human controlled nodes

If you really think a masternode operator can unravel the blockchain history systematically and to any practically useful extent then that is a very different proposition from saying masternodes are centralised.

I doubt thats remotely possible even now - never mind after a further year's worth of protocol hardening. Feel free to try it if you even know where to start. I don't think you do.

So you are saying: if an adversary didn't have control of enough nodes, they couldn't reveal which account was making which transaction? I just want to get you on record.

No.

Which means those coins have better fungibility and have superior privacy IE they make a better digital cash than dash.

No. They have no "fungibility" because they have no universal visibility.

Cryptonote is a privacy - not anonymity - technology. It's a cyphering system, not a monetary medium. (Unless you regard it as 'bookkeeping money in which case it needs to be backed by a trusted party).

The thing about money is, making it private is not the challenge. That is a technical problem that can be solved by a few boffin heads and academic papers without the co-operation of the general public.

The challenge is value. Monetary value. That is not a technical problem but a sociological one which involves lots of complex interrelated properties, not least usability, unconditional visibility, high fidelity with historical properties of money etc.

In that respect, Dash has its priorities right because what gives the tokens at any particular address their value is the fact that the whole world can see them and verify them - albeit intuitively (which is just as important as mathematically). What gives me privacy protection is that they can’t tell the coins at my address apart from those at any other address. Those two priorities in balance are what will maximise value so they need to be seen as complimentary, not conflicting.

If you myopically focus on infinitesimally small theoretical edge cases to the exclusion of all other priorities then that balance is blown to kingdom come (and the value of your currency with it).

Do cryptonote coins have value? Again, just want to cut through the BS and get at the heart of it and get you on record.

Thank you for confirming what i already knew: the protocol level privacy of Monero, Boolberry and aeon is better than the non-protocol level privacy of dash. Which means those coins have better fungibility and have superior privacy IE they make a better digital cash than dash.

Maybe a little clarity on that point:
stats that have nothing to do with transaction linkage

What that means is Bitcoin transactions could be broken but the barrier to that is so far outside the realms of possibility to be entirely improbable and Darksend works the same way, in theory its possible to trace back but the resources needed to do it push it beyond reasonable probability.

Read again if it gives you so much indigestion  ;)

I don't have time for your weird theories of money.

...
That has nothing to do with what is being discussed: linkage.

Yes or no?

You're saying that's irrelevant to linkage? Sorry but that's BS. What if someone had 1/3rd of the network and attempted to de-anonymise funds? 1 round of Darksend and that's a 1 in 3 chance of tracing linkage, 2 rounds 1 in 9, at 8 rounds that's 1 in 6561 and Darksend is set for permanent integration so you're talking hundreds of rounds. Possible? Yes, probable? Hell no.

Another aspect of its approach is that it retains compatibility with the Bitcoin technology ecosystem - this policy is now turning out to have worked to a significant advantage in propelling useability to the forefront in terms of wallets, 3rd party support and so on.

Interesting post. I saw in bitcoin magazine that Blockstream will enable instant transactions between exchanges via bitcoin sidechains. Do you think it would be fairly simple to build, let us say an app using Darkchain as the sidechain to do the kind of transactions described in this link? I think this is what the API will help with; is that right? I have heard sidechains promoted as a separate layer of improvement the bitcoin protocol; do you think the API will easily allow you to make an app that allows Darkcoin sidechains that integrate/work with Bitcoin sidechains? I think if the API has easy integration with bitcoin, that could be a big selling point; these private sidechains could be the start of something amazing, I think it could be used for smart contracts if I am not mistaken? Like Counterparty? And especially if there is a GUI app builder/generator and decentralized app launcher that allows you to easily mimic the Blockstream solution (for instant transactions), I think that if it could all be very nicely integrated in a GUI, then literally anyone will be able to make their own sidechain networks for potentially even MORE (or maximum?) decentralized instantaneous transactions via sidechain and it will potentially create many special use cases of DASH; I am curious if this is also being planned? I like the idea of sidechains, and if I could easily create and use/implement a sidechain, that is a big asset for DASH crypto in my opinion.

https://bitcoinmagazine.com/articles/blockstream-to-launch-first-instant-settlement-sidechain-for-bitcoin-exchanges-1444755147

Do cryptonote coins have value? Again, just want to cut through the BS and get at the heart of it and get you on record.

So for the third time, what specifically is preventing you from also mentioning the instamine on the Bitcointalk forum as well?

What enables you to speak for every Dash user when you claim every user has "moved on" from the instamine scandal?

I think cryptonote coins are valuable complement to bitcoin. They are difficult to trance and quite anonymous.

If i was a serious investor i would pay attention to the following points :

* Roadmap : is there a clear and detailed roadmap with milestones to reach and how is the coin progressing on that roadmap ?
* Research and Development : is there clear and visible progress on R & D, which can be observed and monitored in Github ? (this is where the code gets publicly stored)
* Public information about core-team : do you know the actual people behind the coin's development core-team ? or are they just some anonymous people
  on the internet ?
* Is there some clear and detailed information available about the coin's history and can that information be verified ?
* Is there an active community available of this coin, is it using multiple communication channels and is its main forum not restricted to just Bitcointalk?
* Innovation & Problem solving : has this coin and its development team shown innovation and demonstrated problem solving skills ?  
* Scalability : can this coin be used by millions of people in day to day use without running into technical difficulties (blockchain bloat etc) and has it space to expand if necessary ?

If i was a serious investor i would pay attention to the following points :

* Roadmap : is there a clear and detailed roadmap with milestones to reach and how is the coin progressing on that roadmap ?
* Research and Development : is there clear and visible progress on R & D, which can be observed and monitored in Github ? (this is where the code gets publicly stored)
* Public information about core-team : do you know the actual people behind the coin's development core-team ? or are they just some anonymous people
  on the internet ?
* Is there some clear and detailed information available about the coin's history and can that information be verified ?
* Is there an active community available of this coin, is it using multiple communication channels and is its main forum not restricted to just Bitcointalk?
* Innovation & Problem solving : has this coin and its development team shown innovation and demonstrated problem solving skills ?  
* Scalability : can this coin be used by millions of people in day to day use without running into technical difficulties (blockchain bloat etc) and has it space to expand if necessary ?

;D You're funny Spoetnik.  Are you really that stupid or just BSing?

https://i.imgur.com/xDjLaUI.png

https://forum.bitcoin.com/post3253.html#p3253

His marketing tactics rely on him believing everyone is even dumber than him.

Wouldn't surprise me if this was in fact Icebreaker promoting Monero in bitcoin.com forums:

Wouldn't surprise me if this was in fact Icebreaker promoting Monero in bitcoin.com forums:

You kidiots for the most part started after i got here..
When there was 50 coins or less (not 8,000) i saw the emergence of the "Added value gimmick"
I saw it take shape and unfold before my very eyes.

and don't forget guys when i started you all weren't hard at work ripping off stock market jargon and
yammering on about faggy little white papers.. but none of you would know this because you started late.

it's not because i am smarter..
it's because i started this shit way before most of you and watched the entire scene transform and morph.
Into a gay heap of scammy bullshit.

It wasn't like that when i started it actually believe it not had credibility.
there was no issues with all this scammy crap.

YOU GREEDY NEW GUYS STARTED THIS GAY CRAP COIN FAGGOTRY !

Then you have the nerve to run your mouth at me ?
puuuuuuhlease spare me  ::)
gimme a break.

you show up take a fat shit on this stuff and then play dumb and blame the guy next to you..
and then proclaim your stupid gimmick ridden scammy shit coin clone is legit but the guys next to me is pure scam LOL
right  ::)

so sit down and shut the fuck up i am the smart one here (you might just learn something)

I started when things were different and you know what ?
you guys have made my <rolleye.jpeg> emoticon worn out from heavy use.

Many of the older members here can easily attest to the fact that things were very VERY different than now.
There was no blow hard's spouting off about colossally over complicated gimmicks and white papers
spending 30 pages tossing around *regulated stock market terms to confuse the fuck out of your demographic..

kids.

You started this shit late ? well then you can shut the fuck up ..you know squat.

I vote for dash . it will shine eventually...just wait and see

hmmz, don't know, at the moment it looks a lot like rats jumping off a sinking ship... That's what you get with investors only interested in a fiat-profit but no belief in the underlying value of the technology... when the profit disappears, the investors disappear with it...

good luck to you though...

best regards

Now everyone is looking on Bitcoin. But shortly BTC will pull up some Alts. List is very short. It can be LTC or DASH.. eventually one more time DOGE but i think it will be some of first two coins.

His marketing tactics rely on him believing everyone is even dumber than him.

Wouldn't surprise me if this was in fact Icebreaker promoting Monero in bitcoin.com forums:

pls learn the difference between premine and instamine

a small clue : they are not the same...

If the airdrop had taken place I think Dash would have been way ahead of where it is now in terms of marketcap and support from the community in general.

Really?

Sounds like the DASH crew to me.

I was reading an article about Zerocoin earlier http://www.wired.com/2015/11/zerocoin-startup-revives-the-dream-of-truly-anonymous-money which mentioned Roger Ver as an investor which I found interesting as he's always been vocally opposed to altcoins.

Whatever that means??

Zerocoin and the Zerocash protocol operates in the Bitcoin network and is implemented as a series of extensions to the existing Bitcoin protocol.

We dont need an alternative coin because bitcoin is not much enough widespread in the world. But if someday many of people use bitcoin then we can talk about an alternative.

I was reading an article about Zerocoin earlier http://www.wired.com/2015/11/zerocoin-startup-revives-the-dream-of-truly-anonymous-money which mentioned Roger Ver as an investor which I found interesting as he's always been vocally opposed to altcoins.

Whatever that means??

Exactly this...

Dark/Dash has too many haters do to the shady launch. Pre/insta does not matter either is bad.
XMR is fun to speculate, but I am surprised how little market action it gets...not catching on very well.
LTC is the obvious choice because of market cap and it makes a great trading pair with Bitcoin. China loves some LTC and that makes a huge difference.
The "others" no one really cares about.

Just my 2 cents about it.

Dash no, but XMR and SDC are real alternatives to BTC

A real alternative needs to have :

Focus on user-friendly usage (this means having solutions into place for Android, iPhone, Linux, Mac and Windows users or it will never get mainstraim usage)
Scalable with its transactions / users
Speedy transactions
Private transactions
Fungable as cryptocurrency
Focus on Reseach and Development

And frankly it needs to have them all in order to form a real alternative to Bitcoin.



 

This...Dash has a blockchain waiting to be deanonymized. Monero keeps no such ledger and doesn't face this ticking time bomb

in my opinion DASH is the best altcoin.

SpectroCoin is proud to announce that by the mid-August SpectroCoin will fully support Dash cryptocurrency. That means that we will offer Dash wallet, Dash exchange, Dash debit card and Dash to fiat payment gateway for merchants.
https://blog.spectrocoin.com/2016/06/spectrocoin-to-support-dash-cryptocurrency/#more-258

SpectroCoin is proud to announce that by the mid-August SpectroCoin will fully support Dash cryptocurrency. That means that we will offer Dash wallet, Dash exchange, Dash debit card and Dash to fiat payment gateway for merchants.
https://blog.spectrocoin.com/2016/06/spectrocoin-to-support-dash-cryptocurrency/#more-258

Is SpectroCoin another alt coin, why it so compatible with Dash? sorry, I am losing track of so many different coins.

This proposal is to suggest issuing of DASH debit card by integration of DASH to SpectroCoin.com wallet. The card will be both physical and virtual and will let DASH users to spend their holdings everywhere where MasterCard or Visa is accepted. We are managing the wallet since 2013 and we have been issuing debit cards for bitcoin users for more than a year. On top of this the integration would mean that DASH users will be able to exchange DASH to fiat, buy DASH, pay with DASH at our payment processor, so merchants could receive fiat as well as use Drupal, Magento, opencart, PrestaShop, WHMCS plug-ins.

Is this some kind of a joke? The reliance of masternodes means Dash is a centralized piece of crap.

I'd also like to know if Dash is more vulnerable than other alt-coins for the use of masternode, and the consequence of a hacked masternode (or all masternodes).

Dash's failure at trustless decentralization is the test case that formed my understanding of why trustless decentralization is necessary for any cryptocurrency to succeed at being disruptive. Dash's failure is that it built a centralizing flaw that aggregates coins to those who run nodes and layering power functions (votes, fees, privacy, etc...) onto these nodes.

Dash's nodes have two major weaknesses in design: first, they are pay based, or paynodes, which means that they can be bought and sold. The second flaw in design is that they collect fees, which means node holders collect money that in turn can be used to buy more nodes that in turn can collect more fees, and so on and so forth. Where this especially becomes troubling is that dash's launch produced 2 million coins in 2 days and this initial distribution cannot be verified to be fairly distributed, which means the resources to buy 2000 nodes (more than half of current existing at this writing) were made available to a few lucky guys who happened to be mining at that right moment--considering this is 30% of current distribution and given that they could have bought 2000 or more masternodes since that scheme was introduced, the number of masternodes these initial miners could have may be considerably more than 30%, and considering that this control can aggregate over time, illustrates why these systems need to be trustlessly verified.

I apologize for all the numbers just thrown at you, but lets make it simpler, since the masternode system collects the revenue that determines its degree of centralization, and that centralization can't be verified to any statistical certainty, we should assume that it is increasingly trending towards a traditional oligarchy or monarchy, where one or a few have undue power over the entire system--how it behaves, the distribution and security of its benefits.

Here is something masternodes currently vote over :

http://dashvotetracker.com/
https://i.imgur.com/8QU3X5f.jpg

Together with the decentralised budget Dash has become a DAO (Decentralised Autonomous Organisation)
way before Euthereum ever created The DAO

link : http://bitcoinist.net/dash-original-dao/

 

Here is something masternodes currently vote over :

http://dashvotetracker.com/
https://i.imgur.com/8QU3X5f.jpg

Together with the decentralised budget Dash has become a DAO (Decentralised Autonomous Organisation)
way before Euthereum ever created The DAO

link : http://bitcoinist.net/dash-original-dao/

 

14 China 0.68%

Hmm, seems your marketing need to go reach China somehow. Or maybe Chinese are just to smart for it.

Very observant, you have a keen eye sir. Let me just say that if the Chinese are smart enough to manufacture and deliver
X11 / Dash ASIC miners to our Dash community (https://www.dash.org/forum/topic/hardware-discussions-asic-gpu-cpu.101/)
i'm sure in time we will see a rise in masternodes from China there as well.
 
 

Selling picks and shovels is smarter than mining fools gold.

Memory refreshment for trolls forgetting about my first post on page 1 :

* Pls discuss if you think Dash will indeed be a better alternative to Bitcoin
* Pls discuss this with rationality and motify your response
* pls have some respect for both the cryptocurrency and its community. accusations of scam towards Dash will not be tolerated in this self-moderated topic, there are enough of those out there already !

Dash's failure at trustless decentralization is the test case that formed my understanding of why trustless decentralization is necessary for any cryptocurrency to succeed at being disruptive. Dash's failure is that it built a centralizing flaw that aggregates coins to those who run nodes and layering power functions (votes, fees, privacy, etc...) onto these nodes.

Dash's nodes have two major weaknesses in design: first, they are pay based, or paynodes, which means that they can be bought and sold. The second flaw in design is that they collect fees, which means node holders collect money that in turn can be used to buy more nodes that in turn can collect more fees, and so on and so forth. Where this especially becomes troubling is that dash's launch produced 2 million coins in 2 days and this initial distribution cannot be verified to be fairly distributed, which means the resources to buy 2000 nodes (more than half of current existing at this writing) were made available to a few lucky guys who happened to be mining at that right moment--considering this is 30% of current distribution and given that they could have bought 2000 or more masternodes since that scheme was introduced, the number of masternodes these initial miners could have may be considerably more than 30%, and considering that this control can aggregate over time, it illustrates why these systems need to be trustlessly verified.

I apologize for all the numbers just thrown at you, but lets make it simpler, since the masternode system collects the revenue that determines its degree of centralization, and that centralization can't be verified to any statistical certainty, we should assume that it is increasingly trending towards a traditional oligarchy or monarchy, where one or a few have undue power over the entire system--how it behaves, the distribution and security of its benefits.

*It's not

*Because it can't be objectively considered decentralized

Still relevant:


Also, if you, yourself, want to adhere to rationality, please acknowledge that none of the graphics you presented in any way, shape or form, constitute proof of decentralization as anyone could own those nodes--I could own a thousand and those graphs would show it as 1000 separate nodes in 10 different countries (depending on the centralized hosting service I use).

I fully acknowledge that all of my previous presented graphics indeed show a decentralised state of the cryptocurrency named Dash.
I also acknowledge that this will never be accepted by certain competing cryptocurrencies, who will try their best to devalue this decentralised state of Dash. Unfortunetely for them they
will need to try a little bit harder as it is not really working for them.
 

You did not even answer his critique as he made a solid argument. He got a point.... bringing up the competition only weakens your point further. "Dont listen to what they tell, because they come from Monero and are only jealous and i dont need to answer that".

* Paid nodes that can be bought and sold mumbo jumbo.

* The second flaw in design is that they collect fees, which means node holders collect money that in turn can be used to buy more nodes that in turn can collect more fees, and so on and so forth.

For those that are interested in Dash, come check out all the amazing things we are delivering using our self-funded model. Our budgeting system allows the network itself to fund its own growth through the blockchain. Here is the latest proposal just submitted to the network requesting funding. This is far superior to having a destitute foundation, no incentivized infrastructure, etc. At Dash, we are funding ALL of the network's needs, NOT just mining. The obvious value of this capability is made possible by its unique structure.

Plus it's built on the Bitcoin code, which is proven. That's important as ever as the DAO has demontrated. Meanwhile, Dash has operated as a DAO since April 2015 without a hiccup and effective governance.

Proposal: Infrastructure - Basic Needs

https://www.dash.org/forum/threads/proposal-infrastructure-basic-needs.9207/ (https://www.dash.org/forum/threads/proposal-infrastructure-basic-needs.9207/)

Lets face it if i were to counterpost every post that trolls make in this thread, i would be having no free time at all. Besides his points were kinda pointless anyways or to put it in his words : his points have major weaknesses ..


Masternodes are servers that can be rented (some $5 per month) or run from your home. The 1000 Dash is just collateral thats sitting on some cold wallet under your own control.
You are not buying or selling paid nodes, you are buying or selling Dash tokens, it really is that simple and has nothing to do with centralisation or with selling or buying paid nodes.

The major flaw is thinking this is a major flaw while in fact it is strenghtening the Dash network and is a keyfactor why the masternode network is growing so fast and why it will continue to grow years to come.
Rewarding masternodes for services they provide to the network (mixing, instantx, network security) is just good economics and will make Dash a much stronger full nodes network over time.
Again this has nothing to do with centralisation currently as enough party's have been buying and selling Dash on the open market over these last years and the block rewards are scheduled to deminish over time anyways, making it even more decentralised over time.

Honestly it sometime feels like i'm listening to parrots who accidentally picked up some words  (instamine & centralised) and just keep repeating them over and over without understanding their meaning.
  

Lol quoting Joel Osteen :D

From what I hear Dash has some pretty cool technology with several features that we won't find in any of the other cryptos. Its price is proof of its real value and what the community thinks about it

What the hell, I'm going to cross post here why Dash is not a scam.

So with that in mind, one would have to first ask who is being swindled, cheated, etc... Anyone that spent their time mining Dash in the beginning or who bought in the beginning of Dash at the time of highest risk, if they held on to those Xcoins-Darkcoins-Dash, would have made tons of money - as in fiat, real guv money. Anyone who has bought Dash, as in after the name change, and is down a bit (because it's gone up to $15 or so, now only at $9) knew, or should have known: 1. the history of the beginnings of this coin - as it's written right there on the Dash forum pinned to the top. 2. If such a person bought Dash in the last year, they would have also been given the vision that Dash is still pursuing, that is Evolution.

Everything about Dash has been open and honest. If no one was mislead or forced to make bad financial decisions, then Dash is not a scam. Even with mistakes made at the beginning, they were exposed and the community decided to carry on, there was no harm done to people due to that. Sure, it changed the originally intended parameters of the launch, but If someone cries because they "missed out", well, you snooze you lose, sorry baby. There were at least 25 people who were actually mining, probably more, but I counted 25 posters at the beginning. So even the developer, Evan, only could have gotten about 1/25 of the "spillage" those first 24/48 hours. And as it turned out, those "easy coins" inspired a lot of people to give them away for promotions, etc... Especially Evan Duffield, the developer.

If you read his account (https://www.dash.org/forum/threads/the-birth-of-darkcoin.162/), and heck, if you just see him in videos talking to people, you can see, he is like a boy with a toy. Dash gets him so excited that he can't stop thinking of all the things it is possible to do, and he isn't guarded or prudent with what he talks about. Sometimes his ideas don't work out exactly as he thought they would or he is talking, on camera, as new ideas are popping into his head! What kind of CEO does that? No, that's just not done! LOL He is brilliant, but he is also a person that just dives in and takes off running. He's not particularly careful, and thank God for that, because when you're too careful, you don't DO anything. I was struck, those first days, how ADHD Evan seemed. How excited and gung-ho and restless. THAT is exactly why I immediately fell in love with this young man. I knew he was above all else, a doer! And he had to be pretty smart as he was rebuilding Bitcoin his way with different parameters with no help from one of those "build your own coin" shops. So when he says it was a mistake, I believe him. If he did it on purpose, I still ask, who did it hurt?

And if this project excited him so, and he had such a passion for it, why would he have done this on purpose? why would he purposely sabotage it like that? Instead of working like a workaholic on Dash these past two Three! years, if he were a scammer, he would have sold the Dash he collected and moved on. Also, why would he put his name and face out there for you all to see?

Now go forth and LEARN about Dash, or don't come crying to me that you had the chance to be a part of the biggest thing since the Federal Reserve was created, but closed your eyes and stuck your nose in the air because it wasn't perfect.  I have no more time for fools.

Early adopters are the people who gets to reap the full reward. I have missed out on Dash and I don't regret much about it. And it is also a blessing to have people like Evan.

*** It's brilliant. ***

Is Dash a better alternative to Bitcoin?