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Title: The danger I see with Dash Post by: irukandji on March 10, 2017, 09:20:58 AM Firstly I'd like to say I've been bullish on Dash, and i think it can easily go a lot higher. A lot.
However there is a big danger lurking IMHO. Every now and again I see an article about Bitcoin in the mainstream media. The media that most people read. And so a few people are curious and learn a bit and journalists learn a bit more in order to be able to write about it. There is no danger here for Bitcoin, in fact it helps bitcoin. But, what will happen if Dash ever gets to that point or more? Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? I suspect Dash will be attacked far more than we have ever seen. Am I thinking clearly or have I missed something? Title: Re: The danger I see with Dash Post by: dinofelis on March 10, 2017, 09:35:23 AM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) Title: Re: The danger I see with Dash Post by: irukandji on March 10, 2017, 09:39:23 AM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) Title: Re: The danger I see with Dash Post by: Arvydas77 on March 10, 2017, 09:46:22 AM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) I'm not betting on DASH but it has some advantages over BTC. First of all, transactions fees are lower. Secondly, speed of transactions. But it is not designed for micropayments. So, I think that it will fail in the future. We have better options - NEM, RaiBlocks, Byteball. Title: Re: The danger I see with Dash Post by: dinofelis on March 10, 2017, 09:48:46 AM So, do you think dash will ever be used as a currency? There's not much in the crypto world that is used as a currency. Bitcoin's utility is nearing the end in that respect with the full blocks. Bitcoin as a currency is over in my opinion. It will now become a reserve currency for big players, but paying a guy on the internet is now impossible, and no solution will appear in my opinion. So, in as much as there is an "internet money" place to be taken, it is now. I think the most obvious candidate to take over in the beginning will be litecoin. But several major alt coins may see their opportunity. DASH too. Title: Re: The danger I see with Dash Post by: dinofelis on March 10, 2017, 09:50:46 AM I'm not betting on DASH but it has some advantages over BTC. As of now, almost EVERY serious alt coin is better than bitcoin to do a real payment: high fees, very slow confirmation, old block chain tech, long block periods... Title: Re: The danger I see with Dash Post by: Ayers on March 10, 2017, 11:05:22 AM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) it should be already otherwise why the value is so high? it can't be only for speculation, they are building what is needed to have merchants accepting other form of payment other than bitcoin, any very big altcoin like dash have a high chance of being used in 1-5 years Title: Re: The danger I see with Dash Post by: iamnotback on March 10, 2017, 11:15:39 AM If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. It is too late for that. He rather needs to grow it enough that he can afford to buy off who ever he needs to down the line. Afaik Evan comes from inside the finance side of Wallstreet. I presume he knows how the world really works behind the scenes. I actually don't think the SEC is going to crack down on Dash. They will be more likely to go after an ICO that clearly lost all the money of the participants after making big promises. Dash's regulatory risk might be more with FinCEN as ArticMine has pointed out (but I need to restudy that to be sure). Re: Bittrex Market Removals - March 18 2017 GEMZ, shame on this scam, ICO raised millions dollars, founder got VC fund of millions, but still failed, the dev is scammer. Lol, it really sucks. Can you provide me with the link of the announcement thread on the bitcointalk? More shit story will be going to be removed by the bittrex. And I think polo too. https://bitcointalk.org/index.php?topic=758004.0 Daniel Peled, his trust is still green, how can a confirmed scammer still has so high trust? He blows millions of USD, a cunning Jew. >:( >:( Same fiasco occurs in AMP again, also a Jew, also scammed millions of USD, and screwed and fucked ICO investors. AMP fuck OP: https://bitcointalk.org/index.php?topic=995987.0 I think the only risk for Dash is that something comes along that displaces what Dash offers or which becomes so much bigger that Dash's ongoing operation is off the radar of most of us. Or Dash has some massive technical glitch, but that would probably just be viewed as a buying opportunity. Or the entire crypto sector gets walloped. Title: Re: The danger I see with Dash Post by: iamnotback on March 10, 2017, 11:21:45 AM But, what will happen if Dash ever gets to that point or more? It is not beyond the realm of remote possibility that it might crash or instamine itself or some technical glitch... karma sometimes works that way too, where those who try to get too cute end up dying by the same measure they used... Afaik Dash doesn't really have a great ensemble of developers and they are attempting many changes to the code they forked from. Also they centralized the coin to a large extent and I doubt there has been sufficient technical peer review. Remember I had found a high school level math probability error in their InstantX whitepaper. Title: Re: The danger I see with Dash Post by: iamnotback on March 10, 2017, 11:32:32 AM I'm not betting on DASH but it has some advantages over BTC. As of now, almost EVERY serious alt coin is better than bitcoin to do a real payment: high fees, very slow confirmation, old block chain tech, long block periods... Walking on my knees is slightly less painful than dragging my torso on the ground while crawling. Neither are real solutions for mobility. Yet if you get paid by how high on average others expect my head will be above the ground, then you may not care about mobility even while you pay lip service to the coming Evolution of kneepads with rubberized soles. Yet when I collapse due to exhaustion, expectations might be realigned to reality. Title: Re: The danger I see with Dash Post by: topesis on March 10, 2017, 01:22:31 PM I can tell you people will be burnt by this whole Dash thing, all of these Altcoin will wnat to have the problem Bitcoin is having now. Dash, this is a token that is not been used for any transaction, most of the volume are on exchanges. I can tell you if Dash has the amount of transaction Bitcoin has it will have Bitcoin problem. The token looks to me as a brand rather than Currency which is designed to be, another thing to consider is that most of the tokens are locked in Masternode, a POS token so their is price manipulation already
Title: Re: The danger I see with Dash Post by: dinofelis on March 10, 2017, 01:35:54 PM I'm not betting on DASH but it has some advantages over BTC. As of now, almost EVERY serious alt coin is better than bitcoin to do a real payment: high fees, very slow confirmation, old block chain tech, long block periods... Walking on my knees is slightly less painful than dragging my torso on the ground while crawling. Neither are real solutions for mobility. Yet if you get paid by how high on average others expect my head will be above the ground, then you may not care about mobility even while you pay lip service to the coming Evolution of kneepads with rubberized soles. Yet when I collapse due to exhaustion, expectations might be realigned to reality. :D Love it ! Title: Re: The danger I see with Dash Post by: dinofelis on March 10, 2017, 01:38:30 PM I can tell you people will be burnt by this whole Dash thing, all of these Altcoin will wnat to have the problem Bitcoin is having now. Dash, this is a token that is not been used for any transaction, most of the volume are on exchanges. I can tell you if Dash has the amount of transaction Bitcoin has it will have Bitcoin problem. Of course. But only when that happens. In other words, later. In the mean time.... In fact, apart from code fuck ups , they have 4 times more room ; add 4 times more room in litecoin ; add the flexible block sizes of monero.... and crypto can still scale a 10-fold with these alt coins alone, before they hit similar problems as bitcoin. And there are still many other alt coins. And one can make a few forks.... So, right now, bitcoin is hitting its (own) wall. But there's still a lot of room in alt coins for block chain coins to live a bit longer. Title: Re: The danger I see with Dash Post by: iamnotback on March 10, 2017, 01:47:41 PM I think the only risk for Dash is that something comes along that displaces what Dash offers or which becomes so much bigger that Dash's ongoing operation is off the radar of most of us. A deathstar scenario for Dash is if some project comes along that is a small marketcap but everyone is very confident it is going to the moon. Then there is a mad rush to the exits for diehard Dash fans including those holding masternodes. Also as Dash's price rises faster than the reduction of the issuance of new supply (most of which ends up in the insiders' hands), then either Dash needs more volume of new buyers or the insider control over the money supply becomes more centralized. But right now Dash is receiving an increase in buyers because of the misconception of speculators that Dash is some viable alternative to Bitcoin. But if Dash's price rise outgrows increase in interest and/or something else comes on the market which is clearly much better than Dash for the problems Bitcoin has, then this overbought condition could reverse and given the tiny actual float, it could crash hard, very hard. I don't know if that will happen. If it does, it will probably be from much higher levels than the current DASH price. The wildcard is with all the money for R&D from the governance fund, somehow Dash obtains incredible technological accomplishment. But actually money can't buy it. You need open source and special people who aren't motivated by money alone (https://bitcointalk.org/index.php?topic=1739268.msg18128354#msg18128354) (myself only being one example of many such as the 176 developers who contribute to Bitcoin Core). Hackers don't respect charlatans who don't lead technologically. So I highly doubt this will happen. But it can't be dismissed as a possibility. Title: Re: The danger I see with Dash Post by: dinofelis on March 10, 2017, 02:59:47 PM But right now Dash is receiving an increase in buyers because of the misconception of speculators that Dash is some viable alternative to Bitcoin. In the same way speculators erroneously conceived bitcoin as some viable alternative to fiat. The whole of crypto is at this moment, a building of misconceptions upon misconceptions, and essentially a greater fool game, where there are a lot of fools, and hence, a lot of money to be made. Title: Re: The danger I see with Dash Post by: iamnotback on March 12, 2017, 12:44:02 AM But, what will happen if Dash ever gets to that point or more? It is not beyond the realm of remote possibility that it might crash or instamine itself or some technical glitch... karma sometimes works that way too, where those who try to get too cute end up dying by the same measure they used... Afaik Dash doesn't really have a great ensemble of developers and they are attempting many changes to the code they forked from. Also they centralized the coin to a large extent and I doubt there has been sufficient technical peer review. Remember I had found a high school level math probability error in their InstantX whitepaper. Dash making technical changes to a derivative of Bitcoin's code base is dangerous: http://www.coindesk.com/how-bitcoins-p2p-layer-got-a-speed-hike-in-the-latest-core-release/ Title: Re: The danger I see with Dash Post by: iamnotback on March 12, 2017, 04:36:07 AM Hmmm. Something spectacular may happen to the downside for Dash not too long from now...
Dash is not a technology adoption phenomenon (https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.l05nm0gj6) like Amazon: https://tctechcrunch2011.files.wordpress.com/2012/04/screen-shot-2012-04-01-at-9-38-09-am.png https://tctechcrunch2011.files.wordpress.com/2012/04/screen-shot-2012-04-01-at-9-31-52-am.png Rather it is looking like a scam price chart similar to Mt. Gox (Mt. Gox controlled most of the BTC supply and was doing a scam which lead to the price rise, read up on it): https://i.imgur.com/tH7PfAx.png (https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.l05nm0gj6) Price rises due to a new technological adoption do have two humps but the second one doesn't go vertical: https://i.imgur.com/nx5UrRl.png Title: Re: The danger I see with Dash Post by: The Sceptical Chymist on March 12, 2017, 04:53:11 AM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) But nope, don't think it's ever going to get there. And I don't think Dash is ever going to be mentioned in the mainstream media. When it is, you know that Dash has arrived. And DOGE will be following behind, wagging its little tail. Title: Re: The danger I see with Dash Post by: dfd1 on March 12, 2017, 07:23:41 AM Remember I had found a high school level math probability error in their InstantX whitepaper. Can you please point us to your post with review of InstantX?Title: Re: The danger I see with Dash Post by: Supercrypt on March 12, 2017, 07:32:46 AM But right now Dash is receiving an increase in buyers because of the misconception of speculators that Dash is some viable alternative to Bitcoin. In the same way speculators erroneously conceived bitcoin as some viable alternative to fiat. The whole of crypto is at this moment, a building of misconceptions upon misconceptions, and essentially a greater fool game, where there are a lot of fools, and hence, a lot of money to be made. Back to topic, it seems there will be no good supporting news for Dash for this pumping other than bitcoin was on up surging (due to etf). It may fall at any time once those pumpers start profit booking. Title: Re: The danger I see with Dash Post by: thesavoyard on March 12, 2017, 07:52:20 AM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.
Title: Re: The danger I see with Dash Post by: thesavoyard on March 12, 2017, 07:53:50 AM I can tell you people will be burnt by this whole Dash thing, all of these Altcoin will wnat to have the problem Bitcoin is having now. Dash, this is a token that is not been used for any transaction, most of the volume are on exchanges. I can tell you if Dash has the amount of transaction Bitcoin has it will have Bitcoin problem. The token looks to me as a brand rather than Currency which is designed to be, another thing to consider is that most of the tokens are locked in Masternode, a POS token so their is price manipulation already Proof of service, not proof of stake. The masternodes work just like miners do. Title: Re: The danger I see with Dash Post by: johnwest on March 12, 2017, 08:17:14 AM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it. Yes. Dash is becoming the front runner now and it will be getting its glory in the near future. :) Title: Re: The danger I see with Dash Post by: iamnotback on March 12, 2017, 08:18:36 AM Remember I had found a high school level math probability error in their InstantX whitepaper. Can you please point us to your post with review of InstantX?I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread. Actually it is cited in my whitepaper but I am too lazy to go grab it for you. :P Title: Re: The danger I see with Dash Post by: dfd1 on March 12, 2017, 08:48:55 AM Remember I had found a high school level math probability error in their InstantX whitepaper. Can you please point us to your post with review of InstantX?I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread. Actually it is cited in my whitepaper but I am too lazy to go grab it for you. :P Then it just means it's never happened, nor your InstantX analysis nor your secret whitepaper. I searched for netcash, by the way, and found nothing relevant. Title: Re: The danger I see with Dash Post by: BitcoinNational on March 12, 2017, 09:17:55 AM https://lifeisaminestrone.files.wordpress.com/2014/10/officially-jumped-the-shark.jpg
Dash = Gambling ?? https://bitcointalk.org/index.php?topic=1815213.0 friendly reminder: until 2 weeks ago YOBIT was one of the MAIN dash trade exchange. YOBIT! https://www.lolcraps.com/craps/bets/yo/yo.jpg Title: Re: The danger I see with Dash Post by: iamnotback on March 12, 2017, 09:29:39 AM Remember I had found a high school level math probability error in their InstantX whitepaper. Can you please point us to your post with review of InstantX?I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread. Actually it is cited in my whitepaper but I am too lazy to go grab it for you. :P Then it just means it's never happened, nor your InstantX analysis nor your secret whitepaper. I searched for netcash, by the way, and found nothing relevant. Liar. I just searched and the thread is the second result. Then you just need to scan the entire thread for InstantX. You'll even find what Evan replied in that thread about it. Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you. Title: Re: The danger I see with Dash Post by: dfd1 on March 12, 2017, 10:20:59 AM Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you. Choose an escrow yourself, so you can't whine later about how you not trust escrow choosen by me.Title: Re: The danger I see with Dash Post by: BitcoinNational on March 12, 2017, 10:25:52 AM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it. and we mute. Title: Re: The danger I see with Dash Post by: Wexlike on March 12, 2017, 10:33:33 AM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it. LOL, what a shill. One of the worst premines in the history of altcoins. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 10:38:46 AM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it. and we mute. So thesavoyard can't find proof of the instamine by looking at dash's first hours of blockchain, then says that it was like they said, then says even if it happened it's all right, and then that dash has won. Let me pile drive those moving targets in order: 1. You can look on the blockchain for your evidence of an instamine. 2. Evan had just relaunched the coin less than 24 hours earlier and chose not to do it again after he and his cohorts minted almost 2million coins in a day--so the precedent to roll back an error was there, just not the will. 3. They can have an ICO event, just don't advertise it as an accident--especially if you are going cut the emissions and add a staking mechanism to exasperate your stash. 4. Onecoin Title: Re: The danger I see with Dash Post by: cryptohunter on March 12, 2017, 10:43:15 AM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it. It's your own responsibility to research after you have been given a warning/tip about something. But since you seem incapable I will assist you. Let's take a look at the first 5 h of Darkcoin (XCoin at that time)... https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219 Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm. https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407 Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board. https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827 Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am. https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601 Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour. https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987 No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly. https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096 Illodin, understand dev has instamined alot of coin. https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573 From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now. SCAM = unfair and dishonest scheme = dash This latest defence is so strange. Where are the victims ? what are you talking about it is there in black and white. 1. everyone who was told it was a fair launch LIKE ALL THE OTHER LAUNCHES AT THE TIME. - then prevented from mining fairly = scammed 2. everyone who was told there would be much more opportunity to mine ( then that got slashed by 75%) - prevented from mining the coins that were then taken away = scammed. here are your victims. 3. everyone buying now thinking dash can go somewhere not knowing the scam it is will forever hold it back = being scammed. Every dasher on here trying to scam others into supporting your scam = scammers. I will be updating my scammers thread to add all of your names to it. Denying a scam after it is proven time and time again to you in black and white = scam enabler and defender = scammer. Threads examining the evidence of the captive instamine and reduction of the minting to magnify such instamining ...PROOF OF SCAM https://bitcointalk.org/index.php?topic=999886.0 https://bitcointalk.org/index.php?topic=560138.0 https://bitcointalk.org/index.php?topic=559028.0 https://bitcointalk.org/index.php?topic=995710.0 https://bitcointalk.org/index.php?topic=999084.0 https://bitcointalk.org/index.php?topic=560138.0 Title: Re: The danger I see with Dash Post by: thesavoyard on March 12, 2017, 11:59:12 AM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it. It's your own responsibility to research after you have been given a warning/tip about something. But since you seem incapable I will assist you. Let's take a look at the first 5 h of Darkcoin (XCoin at that time)... https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219 Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm. https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407 Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board. https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827 Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am. https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601 Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour. https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987 No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly. https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096 Illodin, understand dev has instamined alot of coin. https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573 From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now. SCAM = unfair and dishonest scheme = dash This latest defence is so strange. Where are the victims ? what are you talking about it is there in black and white. 1. everyone who was told it was a fair launch LIKE ALL THE OTHER LAUNCHES AT THE TIME. - then prevented from mining fairly = scammed 2. everyone who was told there would be much more opportunity to mine ( then that got slashed by 75%) - prevented from mining the coins that were then taken away = scammed. here are your victims. 3. everyone buying now thinking dash can go somewhere not knowing the scam it is will forever hold it back = being scammed. Every dasher on here trying to scam others into supporting your scam = scammers. I will be updating my scammers thread to add all of your names to it. Denying a scam after it is proven time and time again to you in black and white = scam enabler and defender = scammer. Threads examining the evidence of the captive instamine and reduction of the minting to magnify such instamining ...PROOF OF SCAM https://bitcointalk.org/index.php?topic=999886.0 https://bitcointalk.org/index.php?topic=560138.0 https://bitcointalk.org/index.php?topic=559028.0 https://bitcointalk.org/index.php?topic=995710.0 https://bitcointalk.org/index.php?topic=999084.0 https://bitcointalk.org/index.php?topic=560138.0 And yet still, no one cares if a founder disproportionately profited from his own work. I aso think zec is justified to take 10%. It's clearly not holding it back. Title: Re: The danger I see with Dash Post by: qwizzie on March 12, 2017, 12:18:55 PM Three years in existence and there is still debate about the instamine ..stuck in the past much guys ?
Who cares these days that Bitcoin has over a million bitcoins in the hands of one person named Satoshi ? Who cares these days that there are coins like Monero that were cripplemined and come from a shady background ? Who cares these days that Dash was instamined during its first two days, survived it and moved on ? Does the market care ? No Do customers care ? No Are customers mislead about it somehow ? No The only ones who care about it are those people who benefit financially from it as they are staked in a competing cryptocurrency and have ran out of valid arguments against Dash. Which means they now have nothing left to use against Dash then its instamine history. Here is some official Dash clarification about the instamine that took place. Link : https://www.dash.org/forum/threads/official-dash-instamine-issue-clarification.7569/ And yes, we are talking about instamine here, not premine. Anyone still using the term premine with Dash is a noob and does not know the difference between premine and fastmine/instamine. Apparantly we have a lot of noobs on this forum. Title: Re: The danger I see with Dash Post by: target on March 12, 2017, 12:23:24 PM Just keep imagining that OP, buy more if you want to earn. You could help all the crypto coins anyway. This is what makes the world go round, if someone doesn't hold a stash of it and the price rise, they fud a lot and then buy to profit when it goes down enough. Its always going to be that way even when monero's price was just cents. Monero and Dash are not the same thing but both have good price spike today. Grab yours too.
Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 12:32:05 PM Three years in existence and there is still debate about the instamine .. (lots of hand waving....) Does the market care ? No Do customers care ? No Are customers mislead about it somehow ? No (more hand waving...) Yes, or else why address it-- Who are these customers? If you are selling a service, and under false pretenses, then yes, they should care--though greed is a common cause of cognitive dissonance. Yes, as you've pointed out, your are marketing dash as "no premine, fairly distributed." Most rational people would view the result of a premine as the same as an instamine (frontloading distribution), so the effect on a staking system is equal no matter how you want nitpick over what it is called. So the logic is: If a premine is unfair distribution, and an instamine creates the same distribution, then an instamine is also unfair. It's a simple syllogism most people can understand. Title: Re: The danger I see with Dash Post by: qwizzie on March 12, 2017, 12:51:11 PM Three years in existence and there is still debate about the instamine .. (lots of hand waving....) Yes, as you've pointed out, your are marketing dash as "no premine, fairly distributed." Most rational people would view the result of a premine as the same as an instamineDoes the market care ? No Do customers care ? No Are customers mislead about it somehow ? No (more hand waving...) There is a difference between a premine and an instamine and as long as that difference is either overlooked or incorrectly used those people will be behaving like noobs. noob : a person who is inexperienced in a particular sphere or activity, especially computing or the use of the Internet. Personally i dont have a problem with noobs, i just dont think very highly of them. And lets face it, there is little point discussing something with a noob unless you want to educate that noob. I dont have the time, energy or desire to do that. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 12:59:01 PM Three years in existence and there is still debate about the instamine .. (lots of hand waving....) Yes, as you've pointed out, your are marketing dash as "no premine, fairly distributed." Most rational people would view the result of a premine as the same as an instamineDoes the market care ? No Do customers care ? No Are customers mislead about it somehow ? No (more hand waving...) There is a difference between a premine and an instamine and as long as that difference is either overlooked or incorrectly used those people will be behaving like noobs. noob : a person who is inexperienced in a particular sphere or activity, especially computing or the use of the Internet. Personally i dont have a problem with noobs, i just dont think very highly of them. And lets face it, there is little point discussing something with a noob unless you want to educate that noob. I dont have the time, energy or desire to do that. I do have the time to educate noobs. So when someone ignores the word "result" in a sentence, the result is usually a faulty reading of that sentence. Title: Re: The danger I see with Dash Post by: bitcampaign on March 12, 2017, 01:30:17 PM I saw not too interesting for holding the DASH bag, I think everyone is afraid to see the prices come down drastically in the near future when they really reached the highest price point
http://i.giphy.com/b3u8anVaWFQ9G.gif Title: Re: The danger I see with Dash Post by: Searing on March 12, 2017, 01:43:33 PM I can tell you people will be burnt by this whole Dash thing, all of these Altcoin will wnat to have the problem Bitcoin is having now. Dash, this is a token that is not been used for any transaction, most of the volume are on exchanges. I can tell you if Dash has the amount of transaction Bitcoin has it will have Bitcoin problem. The token looks to me as a brand rather than Currency which is designed to be, another thing to consider is that most of the tokens are locked in Masternode, a POS token so their is price manipulation already Proof of service, not proof of stake. The masternodes work just like miners do. I heard you needed 4500 dash to put up a masternode however....is that incorrect? (damn tough mining) (I could have misread?) Title: Re: The danger I see with Dash Post by: K~Ehleyr on March 12, 2017, 01:49:36 PM 1,000 dash is the required collateral for a masternode. It's set deliberately high to make it cost prohibitive and self-defeating to attempt a Sybil attack on the network.
Title: Re: The danger I see with Dash Post by: Searing on March 12, 2017, 01:58:15 PM 1,000 dash is the required collateral for a masternode. It's set deliberately high to make it cost prohibitive and self-defeating to attempt a Sybil attack on the network. thanks for the clarification...still a big ouch to get on thou.... Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 01:59:20 PM I can tell you people will be burnt by this whole Dash thing, all of these Altcoin will wnat to have the problem Bitcoin is having now. Dash, this is a token that is not been used for any transaction, most of the volume are on exchanges. I can tell you if Dash has the amount of transaction Bitcoin has it will have Bitcoin problem. The token looks to me as a brand rather than Currency which is designed to be, another thing to consider is that most of the tokens are locked in Masternode, a POS token so their is price manipulation already Proof of service, not proof of stake. The masternodes work just like miners do. I heard you needed 4500 dash to put up a masternode however....is that incorrect? (damn tough mining) (I could have misread?) 1000 or ~$70,000 to do what Evan did for pennies and likely more than a 1000X. Title: Re: The danger I see with Dash Post by: K~Ehleyr on March 12, 2017, 02:07:42 PM 1,000 dash is the required collateral for a masternode. It's set deliberately high to make it cost prohibitive and self-defeating to attempt a Sybil attack on the network. thanks for the clarification...still a big ouch to get on thou.... I had the opportunity to get a masternode for €8,000 last summer and I didn't take it. Biggest regret of my life. I'll still keep accumulating what I can though. 1000 or ~$70,000 to do what Evan did for pennies and likely more than a 1000X. Funny thing how dedicated developers remain to the success of their projects when they have a real stake. Evan does not have 1,000 masternodes, but however many he does have are well deserved. Title: Re: The danger I see with Dash Post by: btctube on March 12, 2017, 02:08:27 PM I saw not too interesting for holding the DASH bag, I think everyone is afraid to see the prices come down drastically in the near future when they really reached the highest price point http://i.giphy.com/b3u8anVaWFQ9G.gif Just what is the highest price point of dash if you know what you are talking? I'm interested to know because I plan to hold mine for as long as I could. I consider this as a huge investment, later I will also be joining setting up masternodes with what I have. If the highest point mean $1000, its going to be excellente. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 02:13:40 PM 1000 or ~$70,000 to do what Evan did for pennies and likely more than a 1000X. Funny thing how dedicated developers remain to the success of their projects when they have a real stake. Evan does not have 1,000 masternodes, but however many he does have are well deserved. You can't know this unless Evan provided proof or you are Evan--I doubt either. Title: Re: The danger I see with Dash Post by: K~Ehleyr on March 12, 2017, 02:16:04 PM Just what is the highest price point of dash if you know what you are talking? I'm interested to know because I plan to hold mine for as long as I could. I consider this as a huge investment, later I will also be joining setting up masternodes with what I have. If the highest point mean $1000, its going to be excellente. What's the highest price point of bitcoin? Once we know that we can start estimating the potential future price of Dash from there. 1000 or ~$70,000 to do what Evan did for pennies and likely more than a 1000X. Funny thing how dedicated developers remain to the success of their projects when they have a real stake. Evan does not have 1,000 masternodes, but however many he does have are well deserved. You can't know this unless Evan provided proof or you are Evan--I doubt either. True, I don't *know* but I am surmising using common sense and public knowledge. It's said that Otoh held the highest number of masternodes at around 450, but he has since sold most of those. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 02:18:42 PM Just what is the highest price point of dash if you know what you are talking? I'm interested to know because I plan to hold mine for as long as I could. I consider this as a huge investment, later I will also be joining setting up masternodes with what I have. If the highest point mean $1000, its going to be excellente. What's the highest price point of bitcoin? Once we know that we can start estimating the potential future price of Dash from there. 1000 or ~$70,000 to do what Evan did for pennies and likely more than a 1000X. Funny thing how dedicated developers remain to the success of their projects when they have a real stake. Evan does not have 1,000 masternodes, but however many he does have are well deserved. You can't know this unless Evan provided proof or you are Evan--I doubt either. True, I don't *know* but I am surmising using common sense and public knowledge. It's said that Otoh held the highest number of masternodes at around 450, but he has since sold most of those. Common sense would be to sell when it is most profitable, so assuming Evan sold most of his masternodes, or didn't buy them when they were cheapest with his instamine stash, is what would defy common sense. Title: Re: The danger I see with Dash Post by: K~Ehleyr on March 12, 2017, 02:27:47 PM So you don't *know* anything either then. Everybody has had plenty of opportunities to buy masternodes while they were affordable, including me. I missed that opportunity too but, unlike most of the moaners on this thread, I'm not getting all bitter and venomous about it. I believe Dash is the future and I'm happy to be a part of it.
I clearly don't belong on this thread then so I'll leave you to it. Please resume your butthurt bitching at your leisure. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 02:38:40 PM So you don't *know* anything either then. Everybody has had plenty of opportunities to buy masternodes while they were affordable, including me. I missed that opportunity too but, unlike most of the moaners on this thread, I'm not getting all bitter and venomous about it. I believe Dash is the future and I'm happy to be a part of it. I clearly don't belong on this thread then so I'll leave you to it. Please resume your butthurt bitching at your leisure. This is a pretty common response when logic fails--so much so that I made an ad hoc post replying to it: https://bitcointalk.org/index.php?topic=1430839.0 Title: Re: The danger I see with Dash Post by: K~Ehleyr on March 12, 2017, 03:27:09 PM Good for you! But no, I have no shortage of logic, I've just learned to recognise when it isn't appreciated. "Pearls before swine" my friend calls it and it's the reason I don't post on Facebook. Life is too short to spend time arguing with people on the internet just because they're wrong, so as soon as I realise that somebody's mind is already closed to my input I'm out of there. It makes for a better quality of life. Have a good day, Sir!
Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 03:34:35 PM Good for you! But no, I have no shortage of logic, I've just learned to recognise when it isn't appreciated. "Pearls before swine" my friend calls it and it's the reason I don't post on Facebook. Life is too short to spend time arguing with people on the internet just because they're wrong, so as soon as I realise that somebody's mind is already closed to my input I'm out of there. It makes for a better quality of life. Have a good day, Sir! http://1.bp.blogspot.com/-YwjORDnEQ8k/UzIXGAuX_CI/AAAAAAAAwO4/T67U9LuSzp0/s1600/arguing-with-idiots-is-like-playing-chess-with-a-pigeon.jpg Title: Re: The danger I see with Dash Post by: miayama on March 12, 2017, 03:45:58 PM I think with Dash can be similar story like with Pascal. It from now will go down every day on 20-30%
Title: Re: The danger I see with Dash Post by: johhnyUA on March 12, 2017, 04:55:22 PM Good for you! But no, I have no shortage of logic, I've just learned to recognise when it isn't appreciated. "Pearls before swine" my friend calls it and it's the reason I don't post on Facebook. Life is too short to spend time arguing with people on the internet just because they're wrong, so as soon as I realise that somebody's mind is already closed to my input I'm out of there. It makes for a better quality of life. Have a good day, Sir! Dude, Dash has very big instamine. 1.3 million of coins. It's around a 7 % of ALL coins which are being expected to be emmited. But it can be more than 10 % of all coins which exists for now. i don't know what Ewan has done with this coins (holding, turn it to masternodes of something like that) but for me it's not a good fact. I'll sell all my Dash if (or when) price will rise to some value (which i expect) Title: Re: The danger I see with Dash Post by: Fragbait on March 12, 2017, 05:01:06 PM Dash is the most fudded coin in the history of cryptocurrencies. Yet those who had the vision to hold all these years despite the massive fudding are now rich. Deal with it. No amount of fudding will do a damn thing. You're all free to spend your energy however you wish though, and I know being angry is an endless source of energy. The only thing that could make Dash crash and burn is if a massive flaw would be found, even a flaw in the anonymity wouldn't matter much if at all, it would have to be something akin to the InstantX or the whole network being stalled beyond repair.
Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 05:09:47 PM Dash is the most fudded coin in the history of cryptocurrencies. Yet those who had the vision to hold all these years despite the massive fudding are now rich. Deal with it. No amount of fudding will do a damn thing. You're all free to spend your energy however you wish though, and I know being angry is an endless source of energy. The only thing that could make Dash crash and burn is if a massive flaw would be found, even a flaw in the anonymity wouldn't matter much if at all, it would have to be something akin to the InstantX or the whole network being stalled beyond repair. Actually Bitcoin is the most FUDded coin in cryptocurrencies, and most of dash's criticisms are well earned technical issues, so do not count as FUD, just plain old criticism. Title: Re: The danger I see with Dash Post by: Fragbait on March 12, 2017, 05:22:58 PM Dash is the most fudded coin in the history of cryptocurrencies. Yet those who had the vision to hold all these years despite the massive fudding are now rich. Deal with it. No amount of fudding will do a damn thing. You're all free to spend your energy however you wish though, and I know being angry is an endless source of energy. The only thing that could make Dash crash and burn is if a massive flaw would be found, even a flaw in the anonymity wouldn't matter much if at all, it would have to be something akin to the InstantX or the whole network being stalled beyond repair. Actually Bitcoin is the most FUDded coin in cryptocurrencies, and most of dash's criticisms are well earned technical issues, so do not count as FUD, just plain old criticism. Actually most of Dash's criticism is about the alleged distribution and what bad things that might cause i.e. FUD. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 05:30:42 PM Dash is the most fudded coin in the history of cryptocurrencies. Yet those who had the vision to hold all these years despite the massive fudding are now rich. Deal with it. No amount of fudding will do a damn thing. You're all free to spend your energy however you wish though, and I know being angry is an endless source of energy. The only thing that could make Dash crash and burn is if a massive flaw would be found, even a flaw in the anonymity wouldn't matter much if at all, it would have to be something akin to the InstantX or the whole network being stalled beyond repair. Actually Bitcoin is the most FUDded coin in cryptocurrencies, and most of dash's criticisms are well earned technical issues, so do not count as FUD, just plain old criticism. Actually most of Dash's criticism is about the alleged distribution and what bad things that might cause i.e. FUD. LOL! Right ?!? I mean there's no way that a instamine could create undo centralization on a staking system--that's cray-cray. Title: Re: The danger I see with Dash Post by: Hellot on March 12, 2017, 06:03:13 PM Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) https://www.sec.gov/about/offices/owb/owb-tips.shtml Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 07:30:28 PM Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out, but requires a lawyer's contact info (but there is a reward for those that dashtards claim are butthurt). Evan Duffield is located in AZ, but couldn't find a street address. His email is evan@dash.org What's bad for dash is they need to make evidence to gain more noobs--this cluster of shillocracy took about 10 minutes to gather. The ROI investment sheets are likely the most damning. https://dash-news.de/dashtv/ https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=24019061 https://web.archive.org/web/20170312191741/https://www.node40.com/2016/05/19/dash-masternode-financial-reports-preview.html https://web.archive.org/web/20160520195030/http://dashpaymagazine.com/index.php/2016/05/19/dash-masternodes-study-rising-crypto-bonds-future/ https://imgur.com/kHW81Vc http://dashdetailed.com/2017/01/25/happy-birthday-mr-juggernaut/ Title: Re: The danger I see with Dash Post by: Arvydas77 on March 12, 2017, 07:40:28 PM Dash is the most fudded coin in the history of cryptocurrencies. Yet those who had the vision to hold all these years despite the massive fudding are now rich. Deal with it. No amount of fudding will do a damn thing. You're all free to spend your energy however you wish though, and I know being angry is an endless source of energy. The only thing that could make Dash crash and burn is if a massive flaw would be found, even a flaw in the anonymity wouldn't matter much if at all, it would have to be something akin to the InstantX or the whole network being stalled beyond repair. Actually Bitcoin is the most FUDded coin in cryptocurrencies, and most of dash's criticisms are well earned technical issues, so do not count as FUD, just plain old criticism. What a surprise the two most FUD'ed coins - BTC and DASH - are the best coins to grow in value. Lets FUD something else and let it in the party. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 07:57:37 PM Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out, but requires a lawyer's contact info (but there is a reward for those that dashtards claim are butthurt). Evan Duffield is located in Tempe AZ, but couldn't find a street address. His email is evan@dash.org What's bad for dash is they need to make evidence to gain more noobs--this cluster of shillocracy took about 10 minutes to gather. The ROI investment sheets are likely the most damning. https://dash-news.de/dashtv/ https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=24019061 https://web.archive.org/web/20170312191741/https://www.node40.com/2016/05/19/dash-masternode-financial-reports-preview.html https://web.archive.org/web/20160520195030/http://dashpaymagazine.com/index.php/2016/05/19/dash-masternodes-study-rising-crypto-bonds-future/ https://imgur.com/kHW81Vc http://dashdetailed.com/2017/01/25/happy-birthday-mr-juggernaut/ Bump. Don't want to lose this in pages of excuses and shilling. Title: Re: The danger I see with Dash Post by: toknormal on March 12, 2017, 10:08:05 PM https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out Well I suppose when 2 years of cantankerous griping, gratuitous character assassination and vacuous arguments are all lying in shreds on the floor, appealing to "mommy" government regulators is about all you've got left. That does seem a little undignified for someone who's been promoting black-tunnel money in the name of 'personal liberty' though, I must say. I suppose they can come in handy if you're in a tight spot. Good luck ;D Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 10:12:53 PM https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out Well I suppose when 2 years of cantankerous griping, gratuitous character assassination and vacuous arguments are all lying in shreds on the floor, appealing to "mommy" government regulators is about all you've got left. That does seem a little undignified for someone who's been promoting black-tunnel money in the name of 'personal liberty' though, I must say. I suppose they can come in handy if you're in a tight spot. Good luck ;D Privacy isn't illegal (yet), but running an unregistered security is, so change the laws or stfu :) Title: Re: The danger I see with Dash Post by: cryptohunter on March 12, 2017, 10:22:10 PM Three years in existence and there is still debate about the instamine .. (lots of hand waving....) Yes, as you've pointed out, your are marketing dash as "no premine, fairly distributed." Most rational people would view the result of a premine as the same as an instamineDoes the market care ? No Do customers care ? No Are customers mislead about it somehow ? No (more hand waving...) There is a difference between a premine and an instamine and as long as that difference is either overlooked or incorrectly used those people will be behaving like noobs. noob : a person who is inexperienced in a particular sphere or activity, especially computing or the use of the Internet. Personally i dont have a problem with noobs, i just dont think very highly of them. And lets face it, there is little point discussing something with a noob unless you want to educate that noob. I dont have the time, energy or desire to do that. haha this guy qwizzie - another nonsense poster. what is the difference between a captive instamine and a premine? tell us qwizzie. How is the result different? answer = the captive instamine is a dishonest version of a premine. They can say fair launch then put in place measures to ensure they essentially get to premine it. Oh yeah then the slashing of the minting 75% to magnify those captive instamine/premine tokens .. Title: Re: The danger I see with Dash Post by: btc_zero_sum on March 12, 2017, 10:24:07 PM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? Does any journalist ever cared to worry about the large stake by satoshi in Bitcoin? NO Does this happen with large stocks hodlers? NO Since when capital is about ethics? Is the real world (not the 4chan style trolls of bitcointalk) worried about the "instamine"? the markets say NO Can you check the instamine on the blockchain? Yes, as much as its redistribution along the following months Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 10:32:29 PM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? Does any journalist ever cared to worry about the large stake by satoshi in Bitcoin? NO Does this happen with large stocks hodlers? NO Since when capital is about ethics? Is the real world (not the 4chan style trolls of bitcointalk) worried about the "instamine"? the markets say NO Can you check the instamine on the blockchain? Yes, as much as its redistribution along the following months Assuming coins are redistributed because they change wallets isn't likely to fool the FBI, the majority of the Bitcoin using population or anyone else who thinks about it for more than two seconds--do you really think anyone here isn't familiar with wallet creation or how to send funds to yourself--please. The problem with a greater fool mindset is that you assume others are dumber or more ignorant than yourself--which in your case, seems pretty unlikely. Title: Re: The danger I see with Dash Post by: Lukas_Jackson on March 12, 2017, 10:32:45 PM https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out Well I suppose when 2 years of cantankerous griping, gratuitous character assassination and vacuous arguments are all lying in shreds on the floor, appealing to "mommy" government regulators is about all you've got left. That does seem a little undignified for someone who's been promoting black-tunnel money in the name of 'personal liberty' though, I must say. I suppose they can come in handy if you're in a tight spot. Good luck ;D LOL, maybe this time it will work. Let him do it. Fuckin' grotesque :D Since this beta-male have an infowars link in his sig, I'm sure he missed some of this these videos. For example this https://www.youtube.com/watch?v=apqd548zN1E Are you triggered generalizethis? You should seek social justice and call Hillary and CNN to help you with this FUD against Dash. How long has it been? Three years now and nothing? Go ahead and call them, you funny guy, you. Title: Re: The danger I see with Dash Post by: toknormal on March 12, 2017, 10:37:09 PM Privacy isn't illegal (yet), but running an unregistered security is Really ? Well in that case, here's a free "tip off" to start your campaign with. I have some wild strawberries growing in my back garden. I believe they have market value and I'm pretty certain my garden's not been "Registered as as a security" other than for securing the occasional encounter with a tub of ice cream and some hungry kids. Afraid I can't help you with the "Lawyer's contact info" but a decade's worth of yield should get them interested so I doubt you'll have a problem ;) Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 10:39:22 PM https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out Well I suppose when 2 years of cantankerous griping, gratuitous character assassination and vacuous arguments are all lying in shreds on the floor, appealing to "mommy" government regulators is about all you've got left. That does seem a little undignified for someone who's been promoting black-tunnel money in the name of 'personal liberty' though, I must say. I suppose they can come in handy if you're in a tight spot. Good luck ;D LOL, maybe this time it will work. Let him do it. Fuckin' grotesque :D Since this beta-male have an infowars link in his sig, I'm sure he missed some of this these videos. For example this https://www.youtube.com/watch?v=apqd548zN1E Are you triggered generalizethis? You should seek social justice and call Hillary and CNN to help you with this FUD against Dash. How long it has been? Three years now and nothing? Go ahead and call them, you funny guy, you. Actually, I'm trying to trigger greed in those who want to collect a reward and giving them a shorting opportunity if they do get the SEC involved--I like money as much as the next guy, but I am also aware of when something is broken, and have no qualms about quickening its demise for economic gain. No bleeding heart here, just smart enough to know to stay away and profit from the inevitable. Title: Re: The danger I see with Dash Post by: btc_zero_sum on March 12, 2017, 10:39:33 PM The problem with a greater fool mindset is that you assume others are dumber or more ignorant than yourself--which in your case, seems pretty unlikely. so the guy that spends day and night of his sad life trolling a cryptocoin because he is incredibly butthurt is calling me dumb? LMAO yes sure man! Now go get a life LOL oh and by the way if you dislike so much fraud and scam coins but i don't see you fighting Leocoin or other similar blatant scams Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 10:43:45 PM The problem with a greater fool mindset is that you assume others are dumber or more ignorant than yourself--which in your case, seems pretty unlikely. so the guy that spends day and night of his sad life trolling a cryptocoin because he is incredibly butthurt is calling me dumb? LMAO yes sure man! Now go get a life LOL oh and by the way if you dislike so much fraud and scam coins but i don't see you fighting Leocoin or other similar blatant scams Read above--I'm also doing this between missions in the Witcher 3 and haven't really had to put to much effort into them as you guys are low hanging fruit on the reply line and the crappy parts of dash are consistent and known and factual, so I don't even need to use my imagination to describe them. ;) Title: Re: The danger I see with Dash Post by: btc_zero_sum on March 12, 2017, 10:50:28 PM The problem with a greater fool mindset is that you assume others are dumber or more ignorant than yourself--which in your case, seems pretty unlikely. so the guy that spends day and night of his sad life trolling a cryptocoin because he is incredibly butthurt is calling me dumb? LMAO yes sure man! Now go get a life LOL oh and by the way if you dislike so much fraud and scam coins but i don't see you fighting Leocoin or other similar blatant scams Read above--I'm also doing this between missions in the Witcher 3 and haven't really had to put to much effort into them as you guys are low hanging fruit on the reply line and the crappy parts of dash are consistent and known and factual, so I don't even need to use my imagination to describe them. ;) oh well instead i have to use all my imagination available to understand why somebody that defends so much "privacy" wants to "fill out a SEC form in about 5 minutes", i really need to borrow some smartness to understand it because i'm too dumb Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 10:58:41 PM The problem with a greater fool mindset is that you assume others are dumber or more ignorant than yourself--which in your case, seems pretty unlikely. so the guy that spends day and night of his sad life trolling a cryptocoin because he is incredibly butthurt is calling me dumb? LMAO yes sure man! Now go get a life LOL oh and by the way if you dislike so much fraud and scam coins but i don't see you fighting Leocoin or other similar blatant scams Read above--I'm also doing this between missions in the Witcher 3 and haven't really had to put to much effort into them as you guys are low hanging fruit on the reply line and the crappy parts of dash are consistent and known and factual, so I don't even need to use my imagination to describe them. ;) oh well instead i have to use all my imagination available to understand why somebody that defends so much "privacy" wants to "fill out a SEC form in about 5 minutes", i really need to borrow some smartness to understand it because i'm too dumb It's because privacy doesn't imply that you are doing something illegal--complicated and mind bending, right? It's like it has something to do with security or something? Like no business or person wants hackers privy to sensitive financial information? WTF? Is that even a thing? No one wants it for those reasons, right? Title: Re: The danger I see with Dash Post by: Lukas_Jackson on March 12, 2017, 11:01:25 PM Actually, I'm trying to trigger greed in those who want to collect a reward and giving them a shorting opportunity if they do get the SEC involved--I like money as much as the next guy, but I am also aware of when something is broken, and have no qualms about quickening its demise for economic gain. No bleeding heart here, just smart enough to know to stay away and profit from the inevitable. So you were one of those stupid folks who were short squeezed many times and actually helped massively at breakout's. Try again with shorts if you have any money left. I always laugh at you guys, when you say buy when the bulls are dead, and then you call short when they run. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 11:09:00 PM Actually, I'm trying to trigger greed in those who want to collect a reward and giving them a shorting opportunity if they do get the SEC involved--I like money as much as the next guy, but I am also aware of when something is broken, and have no qualms about quickening its demise for economic gain. No bleeding heart here, just smart enough to know to stay away and profit from the inevitable. So you were one of those stupid folks who were short squeezed many times and actually helped massively at breakout's. Try again with shorts if you have any money left. I always laugh at you guys, when you say buy when the bulls are dead, and then you call short when they run. Huh, funny that I've not done the thing you are accusing me of (yet)--if there is a reason (and lending at a good rate), I'm sure I will. Title: Re: The danger I see with Dash Post by: Lukas_Jackson on March 12, 2017, 11:22:21 PM Actually, I'm trying to trigger greed in those who want to collect a reward and giving them a shorting opportunity if they do get the SEC involved--I like money as much as the next guy, but I am also aware of when something is broken, and have no qualms about quickening its demise for economic gain. No bleeding heart here, just smart enough to know to stay away and profit from the inevitable. So you were one of those stupid folks who were short squeezed many times and actually helped massively at breakout's. Try again with shorts if you have any money left. I always laugh at you guys, when you say buy when the bulls are dead, and then you call short when they run. Huh, funny that I've not done the thing you are accusing me of (yet)--if there is a reason (and lending at a good rate), I'm sure I will. You just make sure you won't miss it by filling the SEC form. Title: Re: The danger I see with Dash Post by: generalizethis on March 12, 2017, 11:31:41 PM Actually, I'm trying to trigger greed in those who want to collect a reward and giving them a shorting opportunity if they do get the SEC involved--I like money as much as the next guy, but I am also aware of when something is broken, and have no qualms about quickening its demise for economic gain. No bleeding heart here, just smart enough to know to stay away and profit from the inevitable. So you were one of those stupid folks who were short squeezed many times and actually helped massively at breakout's. Try again with shorts if you have any money left. I always laugh at you guys, when you say buy when the bulls are dead, and then you call short when they run. Huh, funny that I've not done the thing you are accusing me of (yet)--if there is a reason (and lending at a good rate), I'm sure I will. You just make sure you won't miss it by filling the SEC form. Sure. You get that monetary motivation goes both ways, don't you--you created a better noob trap, but the SEC already has a better scam trap right here to use and I won't need to feel guilty in the least for using it. A matter of fact, I'll actually enjoy it and savor the moment I hear the sucking sound of the ground swallowing up all your dashtard gold. Title: Re: The danger I see with Dash Post by: iCEBREAKER on March 12, 2017, 11:46:25 PM Imagine if you are a journalist (or even worse a regulator) and you learn that Evan told people he would not start mining and then instamined it. Imagine on top of that if the journalist then also learns that Evan the reduced the number of coins? I suspect Dash will be attacked far more than we have ever seen. Evan may be frog-marched into prison for advertising to unsophisticated/unqualified retail/casual investors his Masternode HYIP. You can't sell people Masternodes with promises of specific ROI percentages and fail to disclose the (overwhelming) risks involved. Otoh and Rich may be frog-marched into prisoin for operating Masternodes, which basically paint a target on their owner's back for committing offenses related to money laundering (coin mixing) and unlicensed money services (InstantX). The rest of THE DARKCOIN FOUNDATION may be frog-marched into prison for non-profit fraud (and probably Instamine tax evasion as well). Title: Re: The danger I see with Dash Post by: iCEBREAKER on March 12, 2017, 11:52:26 PM If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it. It's your own responsibility to research after you have been given a warning/tip about something. But since you seem incapable I will assist you. Let's take a look at the first 5 h of Darkcoin (XCoin at that time)... https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219 Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm. https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407 Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board. https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827 Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am. https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601 Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour. https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987 No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly. https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096 Illodin, understand dev has instamined alot of coin. https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573 From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now. SCAM = unfair and dishonest scheme = dash This latest defence is so strange. Where are the victims ? what are you talking about it is there in black and white. 1. everyone who was told it was a fair launch LIKE ALL THE OTHER LAUNCHES AT THE TIME. - then prevented from mining fairly = scammed 2. everyone who was told there would be much more opportunity to mine ( then that got slashed by 75%) - prevented from mining the coins that were then taken away = scammed. here are your victims. 3. everyone buying now thinking dash can go somewhere not knowing the scam it is will forever hold it back = being scammed. Every dasher on here trying to scam others into supporting your scam = scammers. I will be updating my scammers thread to add all of your names to it. Denying a scam after it is proven time and time again to you in black and white = scam enabler and defender = scammer. Threads examining the evidence of the captive instamine and reduction of the minting to magnify such instamining ...PROOF OF SCAM https://bitcointalk.org/index.php?topic=999886.0 https://bitcointalk.org/index.php?topic=560138.0 https://bitcointalk.org/index.php?topic=559028.0 https://bitcointalk.org/index.php?topic=995710.0 https://bitcointalk.org/index.php?topic=999084.0 https://bitcointalk.org/index.php?topic=560138.0 And yet still, no one cares if a founder disproportionately profited from his own work. I aso think zec is justified to take 10%. It's clearly not holding it back. Tone Vays cares. Dash was the *only* altcoin he liked, until he found out about the intentional Instamine. In fact, Dash is in the general public's opinion defined by and primarily associated with its Instamine. Another reason the Dash instamine matters: it permanently ruined Dash's reputation and ensured the project is widely perceived to be a scam. https://i.imgur.com/NX5yUNQ.png (https://twitter.com/ARKblockchain/status/836569423603453953) Title: Re: The danger I see with Dash Post by: toknormal on March 13, 2017, 12:40:24 AM frog-marched into prison Speaking of which, I discovered a website I thought you might like (https://psychcentral.com/lib/how-to-analyze-your-dreams-and-why-its-important/). Title: Re: The danger I see with Dash Post by: iCEBREAKER on March 13, 2017, 03:32:47 AM Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out, but requires a lawyer's contact info (but there is a reward for those that dashtards claim are butthurt). Evan Duffield is located in AZ, but couldn't find a street address. His email is evan@dash.org What's bad for dash is they need to make evidence to gain more noobs--this cluster of shillocracy took about 10 minutes to gather. The ROI investment sheets are likely the most damning. https://dash-news.de/dashtv/ https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=24019061 https://web.archive.org/web/20170312191741/https://www.node40.com/2016/05/19/dash-masternode-financial-reports-preview.html https://web.archive.org/web/20160520195030/http://dashpaymagazine.com/index.php/2016/05/19/dash-masternodes-study-rising-crypto-bonds-future/ https://imgur.com/kHW81Vc http://dashdetailed.com/2017/01/25/happy-birthday-mr-juggernaut/ Great work. This may help as well. http://web.archive.org/web/20160812163647/http://www.d10e.org/agenda https://i.imgur.com/SVDQ6sy.png Title: Re: The danger I see with Dash Post by: maxpowerzz92 on March 13, 2017, 04:54:58 AM The danger I see with DASH is that I'll be moving into a higher tax bracket.
Title: Re: The danger I see with Dash Post by: bigrcanada1 on March 13, 2017, 05:00:22 AM The danger I see with DASH is that I'll be moving into a higher tax bracket. LOL....what a bunch for idiots those monerons are!!! hahahahaha wow. The time they waste on stupid shit is beyond belief. ::) Title: Re: The danger I see with Dash Post by: yeezred on March 13, 2017, 05:44:36 AM any reason DASH is not currently being pumped? especially after the short squeeze it saw that got it above .04 dash/btc. It seems easy money to short it right now
Title: Re: The danger I see with Dash Post by: Searing on March 13, 2017, 06:30:37 AM The danger I see with DASH is that I'll be moving into a higher tax bracket. Well good for you! Me I'm late to the party :( newbie....just watching the thread but with all the dash out there how much does the developer of dash actually hold of the total (so far) in the world. (don't understand why he did not take the instamine stuff and put it in a development foundation for dash ..walk away from the issue in that manner if it was a mistake) anyway lurking...none of this is a slam..curious just have a test wallet with 0.11 dash lol..just a strolling about looking at dash....dodging hugs and rocks...kinda of a busy enterprise.... Title: Re: The danger I see with Dash Post by: Ingramtg on March 13, 2017, 06:38:44 AM dash will be the best coin in 2017 , the price now rise so high but i think it is not the final
will still go higher Title: Re: The danger I see with Dash Post by: thesavoyard on March 13, 2017, 08:52:24 AM any reason DASH is not currently being pumped? especially after the short squeeze it saw that got it above .04 dash/btc. It seems easy money to short it right now A lot of people are very focused on a Dash pump, but most cryptos are up right now. Might be trading bots. Could be the ETF publicity. I have no clue. I just wish I could sell my BTC to USDT before it deflates. Title: Re: The danger I see with Dash Post by: Warkop on March 13, 2017, 10:17:05 AM dash will be the best coin in 2017 , the price now rise so high but i think it is not the final You are sure to Dash would still be high, I think it unlikely, because the dash just altcoin not for the main, if the Bitcoin price is higher than the moment I am very confident that the price will decline derastis to Dash. and there is nothing better than Bitcoinwill still go higher Title: Re: The danger I see with Dash Post by: iamnotback on March 14, 2017, 01:45:49 AM Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you. Choose an escrow yourself, so you can't whine later about how you not trust escrow choosen by me. Are you serious? Please don't waste my time. Title: Re: The danger I see with Dash Post by: miayama on March 15, 2017, 02:49:50 PM The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights.
Title: Re: The danger I see with Dash Post by: XbladeX on March 15, 2017, 03:25:27 PM The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights. especially when you look at history and every BTC pump we have new fresh newcomers to party, next time can be new coin that doesn't exist today. Last time LTC got 1bilon market cap Dash need +40% to do that i cross finger for them to achieve it but how it end, we all know. Newbies will see over few years. Title: Re: The danger I see with Dash Post by: yeezred on March 17, 2017, 04:46:02 AM The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights. especially when you look at history and every BTC pump we have new fresh newcomers to party, next time can be new coin that doesn't exist today. Last time LTC got 1bilon market cap Dash need +40% to do that i cross finger for them to achieve it but how it end, we all know. Newbies will see over few years. Your point isn't that clear. Are you trying to say that newbies pump a coin??? Title: Re: The danger I see with Dash Post by: Searing on March 18, 2017, 07:24:23 AM The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights. especially when you look at history and every BTC pump we have new fresh newcomers to party, next time can be new coin that doesn't exist today. Last time LTC got 1bilon market cap Dash need +40% to do that i cross finger for them to achieve it but how it end, we all know. Newbies will see over few years. Your point isn't that clear. Are you trying to say that newbies pump a coin??? IF possible..most newbies get a miner first to learn about crypto ..then buying and holding and or trading etc that does usually cause a pump with dash and masternodes.....not sure..but with the X11 units out there now ..that is a lot of cheerleaders for your X11 protocol it gets to a point like with BTC it is all about buying and holding gold kind of argument..most newbies listen...but wander off....a 'toy' miner however that may just get you to the same place as buying btc ..oranges to oranges however..but the CHANCE you can get more BTC per $$$ then you put in ..well newbie catnip imho there has been a big loss in cheerleading for BTC and LTC however ..mainly BTC due to the fact imho 'home btc and ltc mining' is pretty much dead at any elec price above 5c kwh...thus X11 is still home miners..they have a pretty good cheer squad for dash going on now imho anyway whatever the coin it eventually has to stand on its own merits (I guess/hope) Title: Re: The danger I see with Dash Post by: iamnotback on March 19, 2017, 10:06:59 AM Remember I had found a high school level math probability error in their InstantX whitepaper. Can you please point us to your post with review of InstantX?I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread. Actually it is cited in my whitepaper but I am too lazy to go grab it for you. :P Then it just means it's never happened, nor your InstantX analysis nor your secret whitepaper. I searched for netcash, by the way, and found nothing relevant. Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you. Choose an escrow yourself, so you can't whine later about how you not trust escrow choosen by me. Are you serious? Please don't waste my time. Well good thing you ran away, because I just found another high school probability error and this time it is in Bitcoin Unlimited. And you'll find the links to the prior Dash peer review I did in the following quote: Also I find this explanation very good, also taken from BU's home page under FAQ section: Quote from: https://www.bitcoinunlimited.info/faq Will unlimited size blocks actually result in no fee market? No. Intuitively you can understand this by realizing that it will take a lot longer to propagate a gigantic block across the network than a small one. Therefore a gigantic block has a higher likelihood of being "orphaned" -- that is, a competing block will be found, propagated across the network and supplant the gigantic block. In this case the miner of the gigantic block will lose the block subsidy and transaction fees. Therefore miners are incentivised by limitations in the underlying physical network to produce smaller blocks, and incentivized by transaction fees to produce larger ones. Finding the balance between these forces is where the free market excels. As underlying physical networks improve or fees increase, miners will naturally be able to produce larger blocks. The transaction "supply" (space in a block) therefore depends directly on the fundamental capacity, rather than relying on some centralized "steering committee" to properly set maximum block size. Bitcoin is all about disintermediation, and this is another example of it working. Bitcoin Unlimited is a vote for free markets. SegWit is like a communist centrally planned economy. Although that sounds logical to a n00b, who ever wrote that and believes that must have forgotten or flunked their high school (or perhaps as late as 2nd year university) probability and statistics math class. Reminds me of when I found a high school level probability error (https://bitcointalk.org/index.php?topic=1219023.msg13288915#msg13288915) in the masternode security model in Dash's InstantX white paper, not to mention how egregiously flawed (https://bitcointalk.org/index.php?topic=1219023.msg13282251#msg13282251) the Dash the Instant X design is. Evan Duffield replied, but then ran away (https://bitcointalk.org/index.php?topic=1219023.msg13291423#msg13291423). Even the economic arguments for Dash's flawed design were refuted (https://bitcointalk.org/index.php?topic=1446996.msg14635609#msg14635609). Note that Dash's required premixing (https://bitcointalk.org/index.php?topic=1290263.msg13553695#msg13553695) (and even not premixing if not employing homomorphic encryption of transaction values, i.e Monero before RingCT) eliminates the possibility of merging UTXO balances and thus causes an exponential blowup in UTXO, which is an issue for scaling to trillions of microtransactions given that performance requires keeping UTXO in RAM. The probability that another block solution will be found within the propagation time t (not to be confused with at the time t (http://stats.stackexchange.com/questions/67600/likelihood-of-multiple-event-times-modeled-as-independent-poisson-processes)) is the Poisson process (https://en.wikipedia.org/wiki/Poisson_point_process#Interpreted_as_a_counting_process) (λt)e-λt where n = 1 (i.e. only one or more occurrences required). Which as λt becomes smaller than roughly ¹/₁₀₀ then e-λt is closely approximated by 1 - λt or approximately 1. Thus, we can see the probability that another block solution will be found within the propagation time t approximates a linear proportion λt when λt is less than roughly ¹/₁₀₀. So with a block period (aka block time) λ of 10 minutes and a propagation time t (for finding a second block) of less than 6 seconds (and propagation will usually be less than 600 milliseconds so that is even a more linear relationship at ¹/₁₀₀₀), then presuming roughly (on average) that doubling the block size doubles both the transaction fees and the propagation time, then the miner has the same income on average with the largest possible block they can make because doubling the risk of another miner finding a block also doubles the miner's income per block statically speaking. If you don't understand this, then read it over and over until you grasp the mathematical (statistical) point that the quoted statement above is incorrect and there is no free market limit on block size and no fee market. The point being that yes the risk of another miner winning the block increases, but the miner's income commensurately (proportionally) also increases, so statistically the miner loses nothing by creating a larger block and thus is leaving tranactions fees on the table for some other miner to take if the miner doesn't make a larger block. However presuming some transactions pay less per byte than others (and higher valued transactions can afford to pay more per byte), the economic converse effect occurs wherein the miner has the incentive to make the smallest block possible or below the size where propagation latency is linearly proportional to block size (i.e. the latency that is a constant factor independent of data transferred), which is again not a free market limit on block size and not a fee market. So the same Tragedy-of-the-Commons occurs that has always been argued as the problem with unlimited block size, in that the power vacuum must be filled by a collusion of miners which pool their (at least 33% of the systemic) hashrate and selfish mine against the rest of the network enforcing a block size which maximizing their profit which is basically the highest level of fees x volume the market will bear. I had even argued (I claim successfully) against @ArticMine that Monero's algorithmically adjusting block size suffers from a similar Tragedy-of-the-Commons outcome (ultimately due to the power-law centralization of mining economies-of-scale). No matter how you slice and dice it, Satoshi's PoW will become centralized so choose your poison how you want to get there, Bitcoin Core (aka Blockstream) funded by banksters (https://gist.github.com/shelby3/c786018a8bb2d8d837abce3a4cf4e799) or Bitcoin Unlimited (with insufficient developer resources) lead by technical incompetents such as Roger Ver. This is why I designed (a yet unpublished) solution for blockchain consensus which is not PoW and not PoW (something totally new, which I am working on now). Even if you try to argue that propagation out to the minority hashrate can take up to minutes, the most profitable (i.e. winning) economics models selfish mining (https://arxiv.org/abs/1311.0243) wherein only the minimum propagation time to only 33% of the hashrate is relevant, thus it is likely to be (and currently is (http://bitcoin.stackexchange.com/questions/10821/how-long-does-it-take-to-propagate-a-newly-created-block-to-the-entire-bitcoin-n/17536#answer-17536) even to the average network diameter, i.e. the majority) less than 6 seconds. Bitcoin has taken a big hit because of Bitcoin Unlimited. Roger Ver with his recent affiliation with the technologically flawed Dash (and his Dash pump) and attacking Bitcoin with big blocks is really trying to shake things up, but as I had explained (https://bitcointalk.org/index.php?topic=1811798.msg18052858#msg18052858) Roger Ver is somewhat technically myopic. Also perhaps some people may be speculating Winkervoss twins might liquidate. P.S. I liked @gmaxwell's explanation (https://bitcointalk.org/index.php?topic=1001642.msg10922949#msg10922949) of why cryptocurrency fundamentally must rely on cryptography. Edit: @aklan made me aware of (https://bitcointalk.org/index.php?topic=1739268.msg18247656#msg18247656) a Bitcoin Unlimited white paper, which I am reading now and will respond soon. Title: Re: The danger I see with Dash Post by: iamnotback on March 19, 2017, 02:18:04 PM Hmmm. Something spectacular may happen to the downside for Dash not too long from now... Dash is not a technology adoption phenomenon (https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.l05nm0gj6) like Amazon: https://tctechcrunch2011.files.wordpress.com/2012/04/screen-shot-2012-04-01-at-9-38-09-am.png https://tctechcrunch2011.files.wordpress.com/2012/04/screen-shot-2012-04-01-at-9-31-52-am.png Rather it is looking like a scam price chart similar to Mt. Gox (Mt. Gox controlled most of the BTC supply and was doing a scam which lead to the price rise, read up on it): https://i.imgur.com/tH7PfAx.png (https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.l05nm0gj6) Price rises due to a new technological adoption do have two humps but the second one doesn't go vertical: https://i.imgur.com/nx5UrRl.png FOMO: Quote from: iamnotback in private chat @ 19 Mar., 10:03 pm Too bad we didn't buy some Dash. Quote from: anonymous I sold about 4000 or 5000 dash for 0.006 or so in 2015 when the fud was highest and I was sure it's gonna crash But it is the very low float because Evan Inc controls all the money supply, so they can buy from themselves on the exchanges and manipulate the price. Their only problem is that if the price goes too high, some of their own whales may dump on them and also the people who are buying now may take profits. The higher they push the price, the less control they have over the float in the selloff scenario. OMG, 5000 x 70 = $350,000. That is your reward for listening to the FUD from @smooth, @iCEBREAKER, and myself. Damn. For this very reason, Evan Inc. can in theory push the "market" as high as they want. Except if they grow the pyramid too fast and can't sustain those who want to cash out: In order for it to dump, someone must own a lot of Dash. Does anyone own a lot except insiders? it won't be dumped. BU will soon be created, DASH will be the first choice to put their money into and the more you have right now the more profit you get. thats what you get when you join dash this time and not a year after. because by then, you'd be buying dash 5x more than what is it today. More likely is PIVX at $2-5. Most everyone can afford a masternode at 10-20 cents a coin and you don't have to reward a few instaminers. The Dash pyramid scheme will continue to have an advantage in FOMO over any aggregate freer market, until the base of the pyramid can't grow fast enough to allow the earlier buyers to cash out: Your debunking of DASH didn't stop the market from appreciating it. Dash doesn't have a market. It is allegedly a couple of guys working for Evan Inc. running accounts at the major exchanges buying and selling from themselves. It is a greater fool pyramid scheme. You even stated that no one with large size dared tried to enter that market without a deal with Evan Inc.. So that tells you Roger Ver is in bed with the alleged "fraud" (aka dis-aggregate non-market) or he didn't buy much Dash. Title: Re: The danger I see with Dash Post by: yeezred on March 21, 2017, 09:23:36 AM Dash is artifically high due to the lack of free supply
Title: Re: The danger I see with Dash Post by: iCEBREAKER on March 30, 2017, 10:53:50 PM Nah, journalists are too stupid to even understand what that means. They even sell bitcoin as an anonymous coin. DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ? That propaganda works as hell. People love to fall for this kind of stuff. What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption. Only a small and insignificant number of smart people know how fake it is, but they don't matter. The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test. If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity. (hence, not use DASH, with its fake anonymity :) ) https://www.sec.gov/about/offices/owb/owb-tips.shtml Here's ammo. The form takes about 5 minutes to fill out, but requires a lawyer's contact info (but there is a reward for those that dashtards claim are butthurt). Evan Duffield is located in AZ, but couldn't find a street address. His email is evan@dash.org What's bad for dash is they need to make evidence to gain more noobs--this cluster of shillocracy took about 10 minutes to gather. The ROI investment sheets are likely the most damning. https://dash-news.de/dashtv/ https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=24019061 https://web.archive.org/web/20170312191741/https://www.node40.com/2016/05/19/dash-masternode-financial-reports-preview.html https://web.archive.org/web/20160520195030/http://dashpaymagazine.com/index.php/2016/05/19/dash-masternodes-study-rising-crypto-bonds-future/ https://imgur.com/kHW81Vc http://dashdetailed.com/2017/01/25/happy-birthday-mr-juggernaut/ Great work. This may help as well. http://web.archive.org/web/20160812163647/http://www.d10e.org/agenda https://i.imgur.com/SVDQ6sy.png ITT, Evan The Instaminer indulges in some insider trading by warning against shorts trying to ruin the opening of his Scam Headquarters. I'm about to pull out of Dash at this rate - Its performing so poorly against the competition. lol. I feel bad for those short today. |
