Bitcoin Forum

What is the merit of a cryptocurrency if the one outstanding feature is actually it's weakness?

http://www.huffingtonpost.com/entry/dash-users-on-government-watchlist_us_59b26b3be4b0d0c16bb52bc8

I hope there are some people who can prove things are not as stated in this article.

I think it's is fake dude, because Dash still have their own volume in the market and still high.., that just some speculation

There is a more intelligent response here: https://www.reddit.com/r/dashpay/comments/6yulhy/can_anyone_respond_to_the_claims_here/

The article states that the masternods make logs whereas someone in this reddit link states that "the fact that "Masternode logs" is a completely made up claim. There are none."

If there are really none the article is either badly researched or FUD.

Dash is a good coin, It will be very difficult to collapse

It's defintely a strong project with little volatility, I was just wondering if the fundamentals are solid.

Here are two more answers which are semi reassuring: 


"I don't necessarily call this a flaw, it's just masternodes who are using third party software that can be compromised. If the data base is being hacked into you would hope that they would realize it and ramp up security for their users, it is how they make money anyway. I know that private send is going to be ramped up more in the future as well.

But to actually point out why this is basically impossible in the first place is that you need to somehow know an address is tied to a certain user and then hack into a data base hoping to find that users private send information. In the end you have just a normal transaction and really it's pretty hard to find someone off that alone. In the end it still adds security to the Dash network and creates loop holes that people need to jump through in order to trace the transaction. This article writer thinks that it compromises private send but it doesn't, it still has a use case. Instant send could have compromised the blockchain and was canceled before anything could happen."

"DASH PrivateSend can probably be broken by the US Govt if they devoted enough resources. They would need backdoor server access to thousands of masternodes located worldwide. That is possible for the US govt to do but probably not any other entity. And even then, the US Govt would have to dedicate a lot of resources to it. All it takes is one not compromised masternode to be part of the quorum and they wouldn't be able to track the tx.

Future upgrades to DASH will harden masternodes and make this type of attack impossible. It is already in the dev pipeline.

Also, it is worth noting that PrivateSend has never been provably broken."

I agree, DASH is there to stay for a long while. To much support for a potential future collaps.

Also, this article have been removed from huffingtonpost, which idicate to me that it was reoprted as bogus and cleanedup !

Looks like this article is no longer available. Probably the author has changed his mind about dash and decided to buy some instead. I believe dash is really promising.  There are hundreds of coins in the market, while dash is 6th in the list according to coinmarketcap. Besides, there are lots of so-called experts, predicting a grand crash for bitcoin year by year, but it is still here. So I wouldn't take that article too serious.

With BCH and LTC, DASH is totally not needed. They are way better BTC clones. With fair launch without scamy history of whales. With no masternode centralization.

I think DASH is an incredibly risky investment. For the most part it looks like a pyramid scheme. I have no doubt it will be regulated into oblivion one day. Imagine paying taxes on a masternode, paying dividend taxes on you  PoS, making a ledger of all your trades or purchases. It's going to be a nightmare of bureaucracy. Until then its probably one of the best pyramid schemes in the world.

All crypto is a little bit risky. But DASH is for sure the most riskiest coin right now.

This post from The Huffington Post Contributor Platform is no longer available on our site.

It is worth looking at other privacy coins like deeponion and xspec. The latter is supposed to have superior technology for anonymity and privacy to both dash and monero and is still very cheap.

XSPEC is on my list of coins to buy a few of, but I think it's going to drop a little more. I'm waiting for low/mid $0.30's before I buy.

There are lots of facebook who are supporting dash and i think its impossible that Dash will be die soon.. and some traders out there said this coming pork in november we will see burst increase of dash value.. so i believe that dash could be survive this is another way to encourage and panic other people to sell so that they can buy dash coin for cheap price before november..

Dash recently had a very large conference (https://dash.keynote.ae/ (https://dash.keynote.ae/)) in London.
Dash is definitive not dead - the rise of DASH has just started.

This is no different than using TOR, if you you TOR then you can bet you are on a watch list somewhere in the world, that is just the way it is until the day comes where everyone uses anonymity technology then you will open yourself to further scrutiny by simply using services like those, so anyone that uses one of the anonymity coins like Dash and Monero is probably in a watch list as well.

Waiting for a coin of a dash die class is the same as waiting for the sun to rise from the west. Do not be too quick to believe the FUD news, it will only make you panic and loss

Dash is the Scientology of Cryptocurrencies. Everybody knows it's a bit shady but the followers display an unshakeable blind faith. Deep down they probably know that something is wrong with it but they don't care as long it brings them success. The red flags are their banners.

I think you are misunderstanding, DASH is a coin for those that have privacy and anonymity in first place of the things they want in a cryptocurrency, so even if governments tried to make them comply to their demands they are never going to do it, they are going to keep doing their thing no matter what governments say, so regulations are useless against DASH.

Dash is cool , and the people that with this coin from the beginning wont let it fall

Dash user on goverment wacthlist because the price is up thousand times from 2014 price. I still remember when it price $2 and i have a bunchbof dash in my phone. This news is just fuds trying to cacth dash at low price.

The price does seem to be crashing though lol

I thought it was a decent buy at 330 and then it kept falling so I picked it up at 319. Now it’s at 306  >:(

I think DASH is good coin after LTC and Wave so do not think about DASH RIP
it will be up and it is a good coin

Thanks
Regards

Why did Dash started to rise only after Bitcoin cash fork? I always knew something is not right with many coins, every time Bitcoin had ups and downs they

Were following as well, it's hard to believe that the same people mining Bitcoin were never interested in other coins, they sold their Bitcoin cash to pump all

The other coins they had most of their supplies themselves, Litecoin and Monero included. the safest game in crypto is Bitcoin, other coins are just pumped

By the money earned from Bitcoin they have no real users.

In my opinion it is just a temporary dip caused by FUD. Fud created by the whales who are looking to buy some cheap DASH most likely

bullshit! Dash is a solid coin

The article has been removed.

Therefore i think that either it is completely false, or it's real and the government pressured the huffington post into removing the post. It's most likely the first, as i am not aware of ways of linking an DASH address to a person easily for every single user.

Anyways, DASH has a rich list. Which means that it's not fully anonymous anyways.

Dash is an excellent coin that is well worth investing in.

Actually yesterday the price of dash had risen from $ 305 to $ 335 and is currently back down to $305 again lol. I also see the dash market has a declining marketcap so I will avoid dash for lately. but that does not mean that dash will die. I think this price drop is a natural thing happened and I sure the price will return to the original price. be patient dude

All alt coins have been going through pumps and dumps for the last month. None of them are sustaining any long term growth vs btc right now. Next time you see a coin go up 30-50% you know it will be coming right back down to where the pump started.

i don't think ever dash will fall and i don't think something like this will be happen to it. it has a huge potential and a little rise and dump in the price is really often that doesn't mean that it will fall to extreme. we will see that it is ranked 6 on coinmarketcap and it will be varygood to watch in 2018 in order to watch its potential.

Excuse me. How does BCH or LTC solves what DASH is offering to solve? I'm not a DASH fanboi but I am also not a deluded XMR fanboi to compare DASH with totally different cryptocurrencies.

it doesn't matter what Dash pretends to solve, what matters is that the history of Dash is littered with a big scam.
and as long as there are other coins with no premine and shenanigans like Dash and also as long as other altcoins exist with the better anonymity features, there is no room for Dash, it doesn't matter what the price of it is.

Incorrect, the history of a coin does not matter as long as that cryptocurrency has a capable development team, a solid roadmap and the means to solve what they claim it can solve (which in the case of Dash is mainstream adaption through low fees, instant transactions and providing user-friendly wallets). Optional privacy, decentralized governance and budget are really a bonus with Dash at this point.

No matter how often people incorrectly try to connect Dash to a premine (which means people were mining before public launch, which ofcourse is not the case with Dash) and no matter how often people
try to push Dash into a privacy-only corner .. its all irrelevant. The market will analyse and judge a cryptocurrency on its merit, its value to the market.
Dash value is far more then just the first two days of its launch (more then 3 years ago) or the optional privacy that it can provide.  

Just look at Ethereum, the reversal of previous transactions through a hard fork (to fix the damage done by their DAO), voided its claim on being an immutable blockchain.
Still Ethereum ranks number 2 on coinmarketcap and does not seem effected by it at all. That is because the market still address a value to it.

People should really be less emotional, at least this guy got the picture  : https://bitcointalk.org/index.php?topic=2038863.msg20302957#msg20302957


  
Although he does seem more like a day trader, who have a different strategy with regards to trading then a longterm investor.

yeah i saw the site and the article was deleted, i think it was just a speculation from someone, i see Dash is a pretty strong coin you know ? they have a community base spread across the world and dash users are also quite large, marketcap in certain exchanges is also still quite large, so I think dash is still far from death

Totally agree with most responses here. Dash is quite stable unlike many other coins out there. The community for dash is expanding and after the dash evolution release it can really become one of the most popular cryptocurrencies. Buy and hodl.

It could be still good coin and could be pump up. The most important thing is to be patient, so takie it easy.

Dash is a complete scamcoin. Their technology sucks, the founder instamined a huge amount of coins, it's basically a cult at this point. Dash is a catastrophe waiting to happen.

that might be true, but is a bit harsh. it is a fact that people are using Dash and unless forbidden there always will be a niche for untraceable coins

Dash - that's the coin that was stolen from everybody via the Mintpal scamexchange. Back then it was called "Darkcoin". They rebranded themselves, but history and stigma remains.

Well, now I am totally confused about dash... I saw cex.io added it to their list and was planning to buy some. But now I am hesitating. Should I?  ???

Your guess is as good as anyone elses. There was no particular reason for Dash to explode and go 500X recently, other than general crazy inflow of money in crypto overall. I would like to see Dash plummet to $1. But I have my own personal, sentimental reasons :)

Disagree, DASH is a solid project, you may agree with it or not but to say it is the riskiest crypto is a complete mistake, most of the time icos are going to be a lot more risky, especially if we take into account that many of those icos have no merits at all and are nothing but scams or copies from other projects, at least DASH has something going on and I have no doubt that the price is going to keep increasing as our need for privacy increases.

Dash capitalization right now is 2 bln dollars. It is difficult to understand how they can scam.