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Title: Rumours That Dash Will Kill Bitcoin Post by: Memento on March 03, 2017, 11:23:14 AM Last days we see many rumours that Dash will become top 1 cryptocurrency and that Bitcoin developers not doing anything to solve Bitcoin problems right now.
https://s21.postimg.org/byh9tw93b/DASH.png Title: Re: Rumours That Dash Will Kill Bitcoin Post by: bathrobehero on March 03, 2017, 11:27:05 AM Here we go again with the delusional proaganda.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Memento on March 03, 2017, 11:40:41 AM Here we go again with the delusional proaganda. Bitcoin is promising for years to solve problems with segwit and lightning network, i don't believe that they ever solve it... Title: Re: Rumours That Dash Will Kill Bitcoin Post by: shinratensei_ on March 03, 2017, 11:59:22 AM Here we go again with the delusional proaganda. Bitcoin is promising for years to solve problems with segwit and lightning network, i don't believe that they ever solve it... Title: Re: Rumours That Dash Will Kill Bitcoin Post by: iamnotback on March 03, 2017, 11:59:27 AM Since everyone else is too lazy to do this, I will:
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: hasiramasenju on March 03, 2017, 12:03:15 PM i wonder how Dash will kill bitcoin because just like you said that this is only rumour and unfortunately you have no source to proof this
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: tat123 on March 03, 2017, 12:32:03 PM Moneroman888 had a similar style @Memento. Turn people off by posting. It was a sockpuppet account meant to devalue what he was pumping. A counter-shill. You must be one for Dash. Your thread is ridiculous. I am now infected with your stupidity. May god have mercy on your soul.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: BitcoinHodler on March 03, 2017, 12:33:24 PM funny how things like this come out only when an altcoin is pumped and never before it is pumped. makes you wonder doesn't it? 8)
and besides, many of the things that are said in that picture are either wrong or irrelevant and just word play to make Dash look good. Dash is actually one of the altcoins that i like and have invested in but things like OP are the reason i am disappointed in the altcoin scene! Title: Re: Rumours That Dash Will Kill Bitcoin Post by: iamnotback on March 03, 2017, 12:34:05 PM Moneroman888 had a similar style @Memento. Turn people off by posting. It was a sockpuppet account meant to devalue what he was pumping. A counter-shill. You must be one for Dash. Your thread is ridiculous. I am now infected with your stupidity. May god have mercy on your soul. But wasn't that chart image produced officially by the Dash team? They are so stupid that they counter-shill themselves with their ridiculous claims. They really think speculators are so ill-informed that they will fall for it (and they might be correct!). Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Memento on March 03, 2017, 12:40:51 PM ;D You guys are blind and insane, keep holding bitcoins and writing conspiracies...
Bitcoin is only good for holding, but not for transactions and many other problems that never will get solved. Years passing and we still getting only promises while Dash fucking Bitcoin. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Fredomago on March 03, 2017, 12:46:30 PM rumors can always be done by anybody here inside the forum but proving it is another thing for everyone, bitcoin already established and even dash is moving or showing some rise up possibility to be another eth and nothing more above that we just needed to accept the truth.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Memento on March 03, 2017, 12:48:31 PM rumors can always be done by anybody here inside the forum but proving it is another thing for everyone, bitcoin already established and even dash is moving or showing some rise up possibility to be another eth and nothing more above that we just needed to accept the truth. Accept the truth that bitcoin sucks and doing nothing while Dash solved all the problems and even creating innovative user friendly app on blockchain Title: Re: Rumours That Dash Will Kill Bitcoin Post by: ekoice on March 03, 2017, 12:48:43 PM Since everyone else is too lazy to do this, I will: Hope, this would be a great answer to those rumours.Its silly to even think that dash would kill bitcoin.Till now, bitcoin is the unbeatable crypto coin.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Memento on March 03, 2017, 12:49:56 PM Since everyone else is too lazy to do this, I will: Hope, this would be a great answer to those rumours.Its silly to even think that dash would kill bitcoin.Till now, bitcoin is uncomparable crypto coin.
Some asshole without any research wrote shit... Title: Re: Rumours That Dash Will Kill Bitcoin Post by: tat123 on March 03, 2017, 12:51:37 PM ;D You guys are blind and insane, keep holding bitcoins and writing conspiracies... Bitcoin is only good for holding, but not for transactions and many other problems that never will get solved. Years passing and we still getting only promises while Dash fucking Bitcoin. Hey jack-ass! The guy posting above you? I was there when he TOLD Evan he was barking up the wrong tree. Hey AnonyMint, welcome back. Your questions have been some of the best that we’ve gotten and really have helped the design of DarkSend, I really do appreciate your input. CoinJoin can't work. Period. I had another debate in the CoinJoin thread a few weeks ago with gmaxwell and I won. Go read it for yourself. The problem is you can't prevent someone from denial-of-service attacking by refusing to sign the second stage of the operation. They can block all DarkSends this way. There is not any anonymity offered by DarkSend, because the shorts will simply attack it once the coin becomes valuable and DarkSends won't get processed. The system will jam. And the price will plummet. Earlier in the development someone attacked DarkSend this way and broke it for a day or so. I ended up coming up with what I call collateral transactions. A collateral transaction is a transaction that is only sent to the master node and if broadcast will transfer money from the node in question to the master node. The main problem is CoinJoin happens in 3 main stages: 1.) ACCEPTING INPUTS (inputs are the money I’m sending) 2.) ACCEPTING OUTPUTS (outputs are who I’m sending to) 3.) SIGN INPUTS (everyone signs their input separately then sends them) In stage 2, what if someone fails to send their output? In stage 3, what if someone fails to sign? So with blind signing (footnote 1) when a user adds an output, you know it’s one of your users but you don’t know which. So if a user fails to provide outputs, the whole session must restart and no one can be punished. I've thought about multiple designs for DarkSend, many of which do have the issue you’re talking about: Design A: Users provide inputs and collateral, then later will provide outputs. The master node must know which user didn’t provide the outputs to be able to charge him. If we use blind signing we can’t charge the bad actor fees. Design B: Users provide inputs, outputs and collateral at once. In this case the master node knows who is sending money to who, but later it can tell who didn’t sign. I’ve chosen to use design B (users will add inputs and outputs at the same time) because it’s the only design that can’t be attacked in the way you’re saying. //Accepting inputs 1. User A provides (Input, txCollateral, Output1, Output2) 2. User B provides (Input, txCollateral, Output1, Output2) 3. User C provides (Input, txCollateral, Output1, Output2) //Signing 1. User A provides (Input, txCollateral) 2. User B fails to provide to sign 3. User C provides (Input, txCollateral) //Fees 1. User B is charged So to be clear, the master must know who is sending money to who. But ONLY the master node will need to know this. Beyond that the blockchain is still anonymous, and master nodes can be decentralized among the users of the network. (1) More about blind signing: http://ojs.academypublisher.com/index.php/jnw/article/viewFile/0508921928/2053 might want to listen to him. @iamnotback = @AnonyMint Title: Re: Rumours That Dash Will Kill Bitcoin Post by: ekoice on March 03, 2017, 12:54:52 PM rumors can always be done by anybody here inside the forum but proving it is another thing for everyone, bitcoin already established and even dash is moving or showing some rise up possibility to be another eth and nothing more above that we just needed to accept the truth. Accept the truth that bitcoin sucks and doing nothing while Dash solved all the problems and even creating innovative user friendly app on blockchain Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Memento on March 03, 2017, 01:01:45 PM rumors can always be done by anybody here inside the forum but proving it is another thing for everyone, bitcoin already established and even dash is moving or showing some rise up possibility to be another eth and nothing more above that we just needed to accept the truth. Accept the truth that bitcoin sucks and doing nothing while Dash solved all the problems and even creating innovative user friendly app on blockchain Keep dreaming about Bitcoin, smart guys will analyse Dash and make decisions themselves. Only you guys write propaganda about Bitcoin. Bitcoin is not ideal and problems must to be solved, but no one solves them while Dash solved all of them and even creating more innovative ideas on the blockchain. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: NeuroticFish on March 03, 2017, 01:07:08 PM Some asshole without any research wrote shit... Actually he did real research and you have fallen for propaganda. I can make a nice drawing about a coin I want and tell things. That will not make them true. But I may have a bigger chance than you just because I would not call "asshole" the people bumping my advertising. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Memento on March 03, 2017, 01:13:17 PM Some asshole without any research wrote shit... Actually he did real research and you have fallen for propaganda. I can make a nice drawing about a coin I want and tell things. That will not make them true. But I may have a bigger chance than you just because I would not call "asshole" the people bumping my advertising. Don't lie. If Bitcoin would do something instead of promising i would not support Dash, but if Bitcoin developers lie that everything is okay, then i prefer to use Dash. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: TheKoolaider on March 03, 2017, 02:02:24 PM Even a new person like me can see through this bullshittery. Get out of here dude.
DASH IS NOT DECENTRALIZED Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Casabrandy on March 03, 2017, 02:09:14 PM Even a new person like me can see through this bullshittery. Get out of here dude. DASH IS NOT DECENTRALIZED It is crystal clear. And coins that didn't decentralized always end up to ash in the long run. I wonder how will dash overtake bitcoin since it is developed couple years and stiil no improvement. This is a very good tactics of devs on spreading rumor so that his will get the momentum as bitcoin price hike. Well played Title: Re: Rumours That Dash Will Kill Bitcoin Post by: dwgscale11 on March 03, 2017, 02:09:58 PM #fakenews
Dash is a scam, Amanda B Scamson and Evan are exiting on all you poor souls. Dont fall for the old used car salesman tricks. https://steemit.com/cryptocurrency/@thedashguy/warning-why-i-don-t-trust-the-price-of-dash-nor-the-community-be-careful-folks-invest-wisely-diversify Title: Re: Rumours That Dash Will Kill Bitcoin Post by: schnötzel on March 03, 2017, 02:11:23 PM Commerce would grow, everyone would be available obtain and pay for everything with bitcoin. This is an great video, bitcoin is the main currency of world: https://www.youtube.com/watch?v=pPgd7Hj3ABQ What is wrong people? Stop using banks. What happened memento? :D :D Title: Re: Rumours That Dash Will Kill Bitcoin Post by: NeuroticFish on March 03, 2017, 02:30:23 PM Some asshole without any research wrote shit... Actually he did real research and you have fallen for propaganda. I can make a nice drawing about a coin I want and tell things. That will not make them true. But I may have a bigger chance than you just because I would not call "asshole" the people bumping my advertising. Don't lie. If Bitcoin would do something instead of promising i would not support Dash, but if Bitcoin developers lie that everything is okay, then i prefer to use Dash. I don't lie. You do. Bitcoin's problems are quite a debate and I guess that they'll be fixed, hopefully soon. But you know, the world is bigger than Bitcoin and Dash. However, I don't know why I am wasting my time, it's clear that you prefer the bubble you live in. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Piston Honda on March 03, 2017, 02:41:39 PM lmao who makes these stupid ass thread?!??!!
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: BitcoinNational on March 03, 2017, 02:49:19 PM Here we go again with the delusional propaganda. propa ganda pooH aGandi Since everyone else is too lazy to do this, I will: i'm with iamnotback.BCT ... TALK ... doesn;t care about your pump 8) really ... I rather here pumpy banter from LEO or SWISS. Dash supporters like you are just day dreamers.Just dream whatever you want. Looking for suckers @$20 ... fonzi jumped the shark @$40. literally every other shit coin on the charts, stinks less, do i need to clarify? http://www.propaganda.news/wp-content/uploads/sites/70/2016/01/cropped-Propagandanews-LOGO-400x168.png tanks spoet! https://i.imgur.com/xXmIBCa.jpg Title: Re: Rumours That Dash Will Kill Bitcoin Post by: phr0stbyt3 on March 03, 2017, 05:32:10 PM Lol you don't get it if you see there are way more altcoins In this world which have better features than bitcoin with fast transaction and god knows many more things but the only reason bitcoin will stay at top is because it has many more investors and will get even more in future because most of them invest in it seeing it past price most of them don't care about features.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: hyudien on March 03, 2017, 05:57:23 PM Dash can't kill bitcoin, because every altcoin was made from bitcoin basically.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: toknormal on March 03, 2017, 06:00:00 PM I had another debate in the CoinJoin thread a few weeks ago with gmaxwell and I won. Unfortunately, winning at spectator sports ≠ winning on the pitch ;) https://i.imgur.com/Fr7cwiG.png Title: Re: Rumours That Dash Will Kill Bitcoin Post by: arielbit on March 03, 2017, 07:42:31 PM it seems DASH are hiring spammers for their propaganda machine...or maybe some nut job was brainwashed LOL
from that Memento turd other thread (moderated): Quote from: Bitcoin Forum A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. Quote And you say that i am a spammer... I will delete them but i will leave them for while to allow everyone to see what asshole you are... Whatever, seems that you are just another one liar who lies that Bitcoin is great for transactions... Now i clearly see that someone is hired to ruin Dash threads and lie about Bitcoin, Dash is forbidden in these forums because Dash is biggest Bitcoin competitor... where did i lie about bitcoin? quotes? posts? anyway i haven't had any problem with my bitcoin transactions since 2013 EDIT: i think you are the one hired here by team DASH...you opened 3 DASH topics today already. Now i see clearly that developers instead of solving Bitcoin problems trying to ruin Dash threads... Bitcoin is better for holding, Dash is better for transactions, i think people will realise that it's better to use Bitcoin for holding and Dash for spending. it's full of coins for making transactions, with even low fees, fast txs. Why you choose Dash and not ... another coin? Everything explained: https://www.youtube.com/watch?v=8GwsmnHE3Rk so i am a bitcoin developer now?..LOL fuckin newb..you're disgusting. delete my all my post now..bye. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: iamnotback on March 04, 2017, 12:45:48 AM I had another debate in the CoinJoin thread a few weeks ago with gmaxwell and I won. Unfortunately, winning at spectator sports ≠ winning on the pitch ;) Yeah and I posit that @gmaxwell is going to be the spectator when it really matters. Side-chains are fundamentally flawed and can't ever work securely. Lightning Networks can't work decentralized. Perhaps Blockstream's Confidential Transactions (aka CT) might end up being an important technology but that is not clear yet. I may have devised a more efficient solution improving CCT (but it is also possible I have a math error in that work I did). CCT ≠ CT, they are two different technologies that have roughly the same functionality. Cryptographers are specialists. But blockchains require also wider range of divergent thinking skills. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: ArticMine on March 04, 2017, 12:57:29 AM ... Yeah and I posit that @gmaxwell is going to be the spectator. Side-chains are fundamentally flawed and can't ever work securely. Lightning Networks can't work decentralized. Side chains are constrained by a fixed number of coins. As far as I can see, without an emission of new coins there is no practical way to secure them with one notable exception; namely demurrage. The credit for this belongs to Freicoin http://freico.in/ (http://freico.in/) I know this is controversial but it can work, particularly for a side chain whose purpose is transactions as opposed to wealth storage. A 1% per year demurrage rate is not a real issue if the velocity of money is say 2 weeks. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: wavespump on March 04, 2017, 01:40:23 AM Dash? You need to surpass Ethereum first, and then Bitcoin, you are much less than Ethereum's market cap, don't compare with Bitcoin, you are not eligible to compare with Bitcoin. Also Dash is Eth's 18% in market share. Nothing to hype, but insta-mine scandal can be always mentioned.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: toknormal on March 04, 2017, 01:40:30 AM Yeah and I posit that @gmaxwell is going to be the spectator when it really matters. Well it "really matters" and I only see one spectator and it isn't him ;) Title: Re: Rumours That Dash Will Kill Bitcoin Post by: iamnotback on March 04, 2017, 02:00:40 AM Yeah and I posit that @gmaxwell is going to be the spectator when it really matters. Well it "really matters" and I only see one spectator and it isn't him ;) You'll later understand what I mean by "when it really matters" when it really matters. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: iamnotback on March 04, 2017, 02:14:38 AM ... Yeah and I posit that @gmaxwell is going to be the spectator. Side-chains are fundamentally flawed and can't ever work securely. Lightning Networks can't work decentralized. Side chains are constrained by a fixed number of coins. As far as I can see, without an emission of new coins there is no practical way to secure them with one notable exception; namely demurrage. The credit for this belongs to Freicoin http://freico.in/ (http://freico.in/) I know this is controversial but it can work, particularly for a side chain whose purpose is transactions as opposed to wealth storage. A 1% per year demurrage rate is not a real issue if the velocity of money is say 2 weeks. The problem is incentivizing mining, because merge mining is insecure, side-chains can't create coins, and transaction fees are not incentives compatible in PoW. How do you envision demurrage incentivizing sufficient mining to secure a PoW side-chain? Secondly merge-mining suffers from 50+% attacks if the chain being merge-mined doesn’t have a majority of total hashing power... which kinda defeats the point if we're worried about miner scalability. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: gredisgold88 on March 04, 2017, 02:57:03 AM still a long way to catch bitcoin, it may take 5-6 years, the velocity of money in the BTC is still pretty good and still on top, if only some small investors, still a long way to change the bitcoin above
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: ArticMine on March 04, 2017, 03:57:25 AM ... The problem is incentivizing mining, because merge mining is insecure, side-chains can't create coins, and transaction fees are not incentives compatible in PoW. How do you envision demurrage incentivizing sufficient mining to secure a PoW side-chain? ... A 1% per year demurrage rate can produce a 1% per year block reward while keeping the number of coins in the side chain constant. The demurrage amount and block reward are adjusted continuously to reflect the number of coins in the side chain. In Freicoin demurrage is used to compensate the miners while keeping the number of coins constant. Their demurrage rate I believe is higher. 1% is approximately the tail emission of Monero (0.6 XMR per 2 min block). This roughly corresponds to 3 XBT per 10 min block for Bitcoin. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: The Sceptical Chymist on March 04, 2017, 04:05:36 AM ;D You guys are blind and insane, keep holding bitcoins and writing conspiracies... No kidding! Bitcoin is great for getting into my wallet and staying there, but as far as actually using it to buy things--it's HORRIBLE. For a number of reasons, and getting transactions stuck in the blockchain is just one of them.Bitcoin is only good for holding, but not for transactions and many other problems that never will get solved. Years passing and we still getting only promises while Dash fucking Bitcoin. I like Dash, but I haven't owned any in a few months. It's always bad timing with me. :( Dash isn't going to kill anything, but if you could actually find some merchants willing to accept it, then it might be a good alternative to bitcoin. But, like bitcoin, I don't see myself buying anything else with crypto. Not when prices are going through the roof. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: mining_spaceship on March 04, 2017, 04:23:09 AM Thanks for the chart, but I think in terms of decentralization Bitcoin is superior. In addition, from the information I have Dash allows users to mix transactions, making them confusing, but not totally anonymous. In this sense it seems that Monero is more anonymous. And that raises another question... why does Dash have a market capitalization greater than Monero?
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: ArticMine on March 04, 2017, 04:41:36 AM Thanks for the chart, but I think in terms of decentralization Bitcoin is superior. In addition, from the information I have Dash allows users to mix transactions, making them confusing, but not totally anonymous. In this sense it seems that Monero is more anonymous. And that raises another question... why does Dash have a market capitalization greater than Monero? One significant difference between Monero and Dash is that in Dash a significant amount of the "circulating" supply is actually tied up in the masternode network, around 55%, ~4000 masternodes, at the present moment. This can support the price when the price is rising or stable but can also lead to sharp crashes if for example the price drops at a greater rate than the masternode net reward. These masternode coins cannot be used in commerce. With Monero on the other hand all of the circulating supply is actually circulating. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: kingorbust on March 04, 2017, 05:00:21 AM We can expect a dash and eth correction soon.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: maku on March 04, 2017, 05:07:52 AM I have enough of this bullshit DASH propaganda. I get that DASH might be technologically superior coin than Bitcoin is.
But that doesn't matter when its developers are lying bastards. How we can trust coin which was instamined in the first place? DASH was re-branded 2 or 3 times to delude people even further and had 'difficulty re-targeting' bug which allowed near instantaneous mining. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: jacaf01 on March 04, 2017, 05:22:02 AM Memento is a paid Dash promoter, you are promoting an obvious scam, you even made Dash name bigger than Bitcoin and use low case for Bitcoin while you use higher case for Dash. You are only here to do your job
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: jwinterm on March 04, 2017, 06:04:32 AM Not to bump a shitthread or beat a dead horse, but just wanted to chime in on sha256 vs x11. It's true that sha has a single point of failure, but x11 uses eleven algos, and so if any of them are broken the whole thing is in need of getting hardforked out. In this case a single point of failure is superior to having eleven different points of failure.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Spoetnik on March 04, 2017, 07:21:29 AM Here we go again with the delusional propaganda. Is this a new thing here ? ..i spelled checked that for you too ;) @jwinterm Are you telling me SecureCoin is NOT secure ? :D Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Herbert2020 on March 04, 2017, 07:44:24 AM i have lost count of altcoins that were supposed to "kill bitcoin" or "replace bitcoin" etc. and each time i see one of these topics i either feel joy because i invested before the pump and topics like this tell me "sell as soon as possible" because the pump is nearly over and things are becoming unstable.
or i am sad because i missed a big ass pump. in case of this topic it was the first happy feeling ;D Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Spoetnik on March 04, 2017, 08:39:46 AM I just wait for something to break out of the very small shadow of Bitcoin.
This crypto scene is a rather small insulated bubble. No matter what all the optimists simply loiter around pacing in circles chanting one day.. But i see and hear NOTHING when i leave the forum etc. Crypto has no bearing on my life when i leave.. it does not connect back etc. The last time i seen the slightest sign of a coin going anywhere was sadly Doge Coin. It pissed me right off seeing brain dead noob retard profiteers who just got here LATE railing on across the web talking in "Doge speak" claiming it was just about to beat BTC's market cap etc. Which it never did of course LOL Those little retards were showing up EVERYWHERE ! Holy mother of god did they spam.. and on this forum too. The rules around here were thrown out the window because so many little 4chan style idiots showed up here at once. Brats with ADD wandered off as i predicted though.. Either this moves forward or the toilet will keep flushing. Bitcoin is fast approaching it's 10th birthday and EARTH gove 0 shits. People love to say all these coins are ohhhh soooo successful citing stupid little examples. But in reality this shit has gone no where and done nothing. And BTC is failing as a currency. Get it used or fail guys. You don't have forever to putter around supporting pointless bullshit for ROI's. Want an Altcoin to succeed ? you are going to have to get off your ass and make it happen. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: iamnotback on March 04, 2017, 11:00:26 AM ... The problem is incentivizing mining, because merge mining is insecure, side-chains can't create coins, and transaction fees are not incentives compatible in PoW. How do you envision demurrage incentivizing sufficient mining to secure a PoW side-chain? ... A 1% per year demurrage rate can produce a 1% per year block reward while keeping the number of coins in the side chain constant. The demurrage amount and block reward are adjusted continuously to reflect the number of coins in the side chain. In Freicoin demurrage is used to compensate the miners while keeping the number of coins constant. Their demurrage rate I believe is higher. 1% is approximately the tail emission of Monero (0.6 XMR per 2 min block). This roughly corresponds to 3 XBT per 10 min block for Bitcoin. Afaics, this is not secure for reasons: 1. The block reward is much smaller than the rewards on the main chain, thus unless the side-chain uses a different mining algorithm, then the main chains miners can 51% (or 33% selfish-mining) attack the side-chain. To incentivize sufficient security, then side-chains will not be competitive with coins kept on the main chain (or a different consensus algorithm which doesn't need to spend so much on security as PoW does, which is my yet unpublished design because of lower sunk costs as compared to PoW). 2. An attacker can yoyo the difficulty of the side-chain by moving many coins into and out of the side-chain. Difficulty attacks either leave a coin with periods of being very slow to confirm or enable the attacker to 51% attack during periods of very low difficulty. There are likely other problems. Side-chains are simply a broken concept. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: ArticMine on March 04, 2017, 07:38:19 PM ... Afaics, this is not secure for reasons: 1. The block reward is much smaller than the rewards on the main chain, thus unless the side-chain uses a different mining algorithm, then the main chains miners can 51% (or 33% selfish-mining) attack the side-chain. To incentivize sufficient security, then side-chains will not be competitive with coins kept on the main chain (or a different consensus algorithm which doesn't need to spend so much on security as PoW does, which is my yet unpublished design because of lower sunk costs as compared to PoW). 2. An attacker can yoyo the difficulty of the side-chain by moving many coins into and out of the side-chain. Difficulty attacks either leave a coin with periods of being very slow to confirm or enable the attacker to 51% attack during periods of very low difficulty. There are likely other problems. Side-chains are simply a broken concept. 1) The point is that we now have a smaller chain that can be secured independently of the main chain using POW. It can have the same POW or a different POW or as stated above even a different consensus solution. Demurrage in this context simple provides source of coins eliminating the dependence on fees that lies at the heart of the long term security problems not only of side chains but also of most POW coins. As for the side chain being competitive it may trade security on the main chain for other advantages that cannot be implemented on the main chain, are judged to be too risky to implement on the main chain, or even competitive markets between side chains. One does not need the same level of security for all of one's money. There are tradeoffs here and the market can judge what works and what does not work. 2) These type of attacks can be addressed by having a non refundable cost associated with moving coins into the side chain or out of the side chain. I would be careful with statements such as "Side-chains are simply a broken concept." In any event, I have introduced demurrage into this argument and if anyone gets the idea to patent this here is the prior art. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Renji Abarai on March 05, 2017, 03:30:07 AM i have lost count of altcoins that were supposed to "kill bitcoin" or "replace bitcoin" etc. and each time i see one of these topics i either feel joy because i invested before the pump and topics like this tell me "sell as soon as possible" because the pump is nearly over and things are becoming unstable. or i am sad because i missed a big ass pump. in case of this topic it was the first happy feeling ;D You are funny but I agree with you. It will remain a rumor and wont kill the bitcoin because they used bitcoin to buy dash :) As of now, bitcoin is rising fast and still number 1 followed by ETHereum. I like dash also btw. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Spoetnik on March 05, 2017, 04:23:35 AM Yup Ethereum is the future !
@Renji Abarai Sell your house and buy ETH ASAP go go go ! Man future.. moon holy shit yo ! Just think of all them ROI'z :o Shitcointalk.ooooooorg As usual you all putter around posting complete bullshit. ALL of it 100% useless. Notice how Dash supporters say they have no clue why the price went up ? Ohhhhh but you KNOW THINGS ? You and all your little investment strategies are.... l u c k You are all little tiny pawns in a whale game. Your stupid little comments here for or against any given coin are 100% irrelevant. The fact you can't see this no matter how many times you are told means your morons. You are playing a crooked rigged game profits.. there is nothing honest legit or moral about any of it. But you look the other way because ? I come here to laugh at the idiots who post pure raw bullshit.. like they think it has some kind of effect. :D Title: Re: Rumours That Dash Will Kill Bitcoin Post by: xtyling on March 05, 2017, 04:58:46 AM We can expect a dash and eth correction soon. Correction already started and we should go back to previous stabilize price which is around $10-$20 for both ETH and DASH Hype for those coins have been too high and the pump will slowly decrease Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Tatshot on March 05, 2017, 05:34:30 AM It's just rumors, so it's no true.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: iamnotback on March 05, 2017, 09:53:17 PM 2) These type of attacks can be addressed by having a non refundable cost associated with moving coins into the side chain or out of the side chain. The attacker can recover the cost with the proceeds of the attack. Eventually you have to raise penalties and fees so much that the side-chain isn't competitive with an altcoin which performs the same features. I would be careful with statements such as "Side-chains are simply a broken concept." In any event, I have introduced demurrage into this argument and if anyone gets the idea to patent this here is the prior art. I am confident with that statement. The security of the main chain is reduced to that of the side-chains because chain reorganizations on the side-chain put them out-of-sync causing all the coins in the side-chain to be in some limbo which can crater the market price of all the coins on the main chain also. The security problems are related to the issues I pointed out for the Cosmos project in that there can only be one synchronization order (not multiple relative ones): https://github.com/cosmos/cosmos/issues/47 I already proved the security of their blockchain hub concept is broken and can't be fixed. They banned me from their Github because of this. No amount of BS from them can change this fact. Note if I wasn't so cognitively limited for the time being (https://bitcointalk.org/index.php?topic=1739268.msg18079082#msg18079082), I would probably have pulled it together by now in irrefutable elucidation, but this is the best I can do for the moment. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: maxpowerzz92 on March 06, 2017, 01:32:35 AM I like to look at it from an economic viewpoint. With 2 choices being equal, the user/consumer will trend towards the next level to determine which product to use.
1) Functionality – Where a product or service meets a certain need or does a certain thing that cannot be accomplished in any other manner. Bitcoin - yes DASH - yes 2) Reliability – When two or more competitors offer similar products that have the same functionality, consumers turn to the competitor whose product offers the better reliability. Bitcoin - yes DASH - yes 3) Convenience – When competitors have products or services that offer the same functionality and the same relative reliability, consumers turn to convenience – those products that are the most convenient to use and the companies that are the most convenient to work with. Bitcoin - Alot of debate here, but for now bitcoin is the leader with the fiat gateways and service providers (bitpay/coinbase). 1MB block size is a growing inconvenience that needs to be resolved by segwit or increased block size. (doesn't matter to me) DASH - limited fiat gateways compared to BTC & still more likely to use BTC as an intermediary. Smaller merchant acceptance list but growing. Future plans in place with Evolution as a possible game changer. 4)Lastly, price – When competitors all have similar products or services that offer all the attributes above in very similar manners, then, the product or service essentially becomes a commodity and at that point must compete on price (following the schools of thought outlined above). Bitcoin - To be determined. DASH - To be determined. I also recommend reading The Gorilla Game by Geoffrey Moore. It also has some great insights on this idea. Title: Re: Rumours That Dash Will Kill Bitcoin Post by: rafajunior99 on March 06, 2017, 01:49:17 AM I think no one can kill bitcoin die, because bitcoin is digital money for the future, and bitcoin seen clearly useful for anything, if there are rumors of bitcoin will die with Dash was a lie because Bitcoin oldest compared with the Dash, I make sure to Dash possible will shut itself down because they depend on the developer if the developer goes it is definitely a big investor who holds Dash surely they would think to go well, they could not exist without the developer.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: ICOcountdown.com on March 06, 2017, 01:57:21 AM This is garbage and I find it pretty offensive that you have this much disrespect for Bitcoin. Without Bitcoin there would be no Dash.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: Lunyr on March 06, 2017, 02:25:37 AM Technical details aside, with just the current network effect that Bitcoin has, it will stay dominant in the foreseeable future.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: digaran on March 06, 2017, 02:46:51 AM Dash holders are also killing civilians around the world. DASH=ISIS.
Title: Re: Rumours That Dash Will Kill Bitcoin Post by: maxpowerzz92 on March 06, 2017, 02:54:34 AM Fun fact: Did you know that Daesh is a derogatory term for ISIS, and they hate being called that?
World leaders have taken to calling ISIS “Daesh,” a word the Islamic State hates. Since the attacks in Paris, both John Kerry and François Hollande have used it. The Kurdish militants battling ISIS in Iraq already use the term regularly, though they risk losing their tongues by uttering it. Daesh is an acronym. It stands for the Arabic name of the Islamic State: al-Dawla al-Islamiya fi al-Iraq wa al-Sham. When Jen Percy, a New Republic contributor, went to northern Iraq this year, the Assyrian Christians waging a war against ISIS were calling ISIS troops “Daesh.” In her article for our September issue, she called it “a pejorative term for ISIS in Arabic.” |
