Bitcoin Forum

https://www.youtube.com/watch?v=bz6rFZQywOE

Why Dash is the Most Sybil Attack-Resistant Cryptocurrency -- By Far
https://i.imgur.com/Nvkk51j.jpg

This thread is now open for discussion  ;D

In her Bitcoin Uncensored interview two months ago, Amanda had no clue what a Sybil Attack was.

And now she's an expert, here to tell us the shady instamined coin that pays her to promote it is (quelle suprise) The Mostest Sybil Resistantist Coin Evar.

Believing her is like believing the used car salesmen is an expert on mechanical and automotive engineering, when he tells you the white smoke pouring out of the pipe is indicative of superior compression ratios.   :P

I believe her over you anytime Icey....

Of course you would.

Nice single purpose account you got there buddy.  Legendary, with 180 pages of posts 99% about Dash.

Have you been honored in the Dash Rat Cage thread yet?  I'll assume you have, so won't bother to check.   ;)

Updated page 2

Thanks, and congratz by the way of your own single purpose trolling account you have there. I wonder how much of your 441 pages of posts
are related to either bashing your direct competitors in the cryptocurrency scene or trolling our Dash ANN thread .. must be close to 99% as well.

How much time would that take? Time is money, and you're running out of both....

sorry, i believe in the unreality of time (https://en.wikipedia.org/wiki/The_Unreality_of_Time) which devalues
your time=money theory.

Besides there is simply not enough supply of Dash available to obtain a 51% attack, which is also explained in Amanda's
video. You have been watching that video, right buddy ?   

Thanks for wasting it -- either way.

Nothing is a waste of time if you use the experience wisely.
- Auguste Rodin

which pretty much means i dont believe in the concept of wasting time either...
 

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First to hear Sybil Attack, good learning from this, Dash is an anon and secure coin, it is known by us already, it has big community for 2 years. Awesome

yeah, i didn't know much about Sybil attacks myself so i found the video usefull too.

Why would you spend time starting this topic if you can't engage on the key issues?

Are you asking for help on the question or are you stating facts?

and why would i not be able to engage on the key issues again ?  ???
i have simply started a discussion thread... feel free to discuss, others have done so already.
Of course the more on-topic the posts, the more on-topic my replies....

To all newcomers: DASH will be deemed illegal in the near future. This is why Apple removed it from the App store

an attacker will probably use a "zero-day" exploit...meaning, a vulnerability that nobody knows except him/them..

why would an attacker focus on a well known attack and people already know how to defend against it?

the transaction malleability that happened in bitcoin exchanges back then is an example...

this is just another advertising thread for dash   :P

lol, now that's some good old fashioned FUD right there boys. another icebreaker puppet account i presume.

Sybil attacks can happen in many different ways.

Like rigging the voting on the monthly budgets. If you have, say 600 Masternodes, which one or more of the DASH shills do, then you can just vote for what you want. Or you can just co-ordinate how you want a vote to go with a core group.

Is DASH Sybil resistant? No.

Game over. Close the thread.

First things first : you dont need 600 masternodes to vote for what you want, you just need 1 masternode to vote for what you want.

Secondly  : each masternode owner gets 1 vote to cast a yes or no with on budget proposals and the masternode owner can change that vote at anytime to show either approval or disapproval
for that specific budget proposal. There is no rigging of votes possible, if masternodes are not active or unresponsive or do not have their collateral of 1000 Dash anymore, it will not get acknowledged
as masternode anymore by the Dash network and the masternode payments and the ability to vote will stop. There is definetely no vote rigging possible there as it is all formulated in the code.

It is true that the more masternodes people have, the more votes they can cast on budget proposals. Our biggest whale otoh for example has something like 450 masternodes, all bought openly on the market
and can use those votes to either : support the dev team / support desirable proposals / cast down undesirable proposals. That gives this person a lot of power but in the end his votes are still only part of a larger anonymous masternode owners group (450 of 4076), that will decide the outcome of a budget proposal. The combined effort of both Otoh and dev team to push a budget proposal up or down are limited as can been seen in the voting figures :

https://i.imgur.com/ZcWuUrp.jpg

Most of these budget proposals are from the dev team (babygiraffe, eduffield, kot) and there is 1 from Amanda for her YouTube video as well.
All these budget proposals where dev team and likely otoh himself voted on, have between 20% and 43% support (% of vote). Which means that more then 50% of the masternodes could potentially
further downvote or upvote a budget proposal, this means that dev-team & Otoh combined or each seperately have a limited voting impact. Reach the 50% of the masternode owners
that are currently not voing on budget proposals and you will see the full voting force at work.

Now to get back to Sybil Attacks and Dash resistance to it, it basicly involves two factors : costs and profitability

costs

* buying up enough masternodes (up to 51%) to control any budget proposal is impossible with Dash as there is not enough Dash available anymore to buy that much up as more then 4,079,000 Dash (number of masternodes x 1000 Dash) of 6,706,308 Dash (available supply) is already locked up as collateral for running masternodes and is therefore not available on the market. Leaving only 2,627,308 Dash availabe on the market for buy-up (2627 masternodes).

* each buying up of masternodes to reach a sizeable % (lets say 10% or 20%), will directly impact the price of Dash, shooting it upwards and further increasing the costs for the attacker and has a very very
limited satisfactory outcome for the attacker (see page 1 post 2)

profitability

It will be far more profitable for the attacker to work with the system then against it, it could either :

Buy-up Dash, make the price go up exponentially, still have a very limited damage outcome (see page 1, post 2), massively dump Dash to put temperary  down pressure on the price, watch the price self correct at some point (it always does)
    
or

Buy-up Dash, make the price go up exponentially, still have a very limited damage outcome (see page 1, post 2), enjoy the steady masternode payments (which by the way will rise with any price rise, making it for whales with lot of masternodes actually profitable to focus on making the price rise).
 
    
 
    
  
 

You just wasted your time.

Otoh, Duffield and a few others can control the votes. They just have to send eachother a few messages and they control what gets done.

Well that sounds fair, if you're in control of those votes.

nope, they cant control the votes .. a previous budget proposal from the devteam (by Evan personally) has actually been downvoted to a point it
lost further budget funding. It was suppose to get funding for three months but due to heavy community resistance was dropped after receiving its first month
of budget funding (1 of 3).

https://www.dashcentral.org/p/transform-pr
https://i.imgur.com/MV6KXPm.jpg

In time as the number of masternodes rise, dev team and otoh will actually loose influence with their number of masternodes.

I have pretty much destroyed your position that Dashcoin is Sybil resistant.

Just close the thread already.

nope, you pretty much got nothing, zip, nada.
you also seem to have reading problems or you would have understood that and avoided making another
senseless bump of this thread.

lol.

You obviously don't understand what your OP is about. Look, you have basically said there is a problem, but in time it will reduce:


lol.

oh dear, you do have a reading problem.

Please do not twist my words with that "you basicly said there is a problem", i never said there is a problem
and i just stated my belief that an increase in masternodes will cause less influence. That will be for my masternodes
as well, by the way.