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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Sir Alpha_goy on July 11, 2015, 04:18:55 PM



Title: .
Post by: Sir Alpha_goy on July 11, 2015, 04:18:55 PM
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Title: Re: LTC vs. DASH
Post by: bit1 on July 11, 2015, 04:44:52 PM
All that is needed is a vehicle that can ride the waves.

http://www.planetjune.com/blog/sa_images/whale_splash.gif

 :D I wonder, How many dolphins could do same? ???    Maybe 50 dolphins does work  of 1 whale


Title: Re: LTC vs. DASH
Post by: Hollingsworth on July 11, 2015, 05:04:04 PM
I vote for the coin that was fairly distributed, without premine and instamine.

I also vote for the coin that did not change its name 3 times.

Finally I vote for the coin that is truly the #1 alt coin, after Bitcoin, with 2nd biggest market cap and 2nd highest volume.

Can you guess which coin I voted for?

(Jeopardy theme song playing in the background)


Title: Re: LTC vs. DASH
Post by: unusualfacts30 on July 11, 2015, 05:04:41 PM
don't care about dash...I hate when coin changes their name and I lost interest in drk the moment they chose their name that rhymes with crash.

I'm still waiting on LTC to create some kind of floor so I can dive in


Title: Re: LTC vs. DASH
Post by: Hollingsworth on July 11, 2015, 05:15:38 PM
Still waiting for an animated gif of a great white shark !!!   

 :D


Title: Re: LTC vs. DASH
Post by: bit1 on July 11, 2015, 08:55:11 PM
All that is needed is a vehicle that can ride the waves.

http://www.planetjune.com/blog/sa_images/whale_splash.gif

 :D I wonder, How many dolphins could do same? ???    Maybe 50 dolphins does work  of 1 whale

I believe you are on to something here.

http://www.3dstereo.com/Merchant2/graphics/00000001/lent/lpc_259ml_dolphins.gif




 :D   It helped.    In crypto one whale holding  100k LTC  could be equal to 100 dolphins with 1K each one. :D

  


Title: Re: LTC vs. DASH
Post by: valentino008 on July 12, 2015, 09:22:25 AM
https://dashtalk.org/threads/dash-strategy-update.5636/


Title: Re: LTC vs. DASH
Post by: qwizzie on July 12, 2015, 03:12:52 PM
LTC versus Dash

old and stagnate versus new and daring


Title: Re: LTC vs. DASH
Post by: X68N on July 13, 2015, 08:34:37 AM
LTC versus Dash

old and stagnate versus new and daring


I see it as (LTC) dependent and durable vs. (Dash) independent and alive

Regardless of the reasons why any coin moves in price it is clear that Litecoin's predictability is well suited for the crowd that needs the Moon.

Dash on the other hand, having a history of breaking out independent of Bitcoin's price movements, seems to suit the crowd that prefers some of the darkest corners of the solar system and beyond.


Do you mean DASH will go "where the sun never" shines?  ;D
(i dont know if the joke works in english)


Title: Re: LTC vs. DASH
Post by: Ingatqhvq on July 13, 2015, 09:51:40 AM
It has only been about one thing: MAKING MONEY


True.
It's the only thing for altercoin.
                                                                             


Title: Re: LTC vs. DASH
Post by: valentino008 on July 13, 2015, 04:50:15 PM
http://cointelegraph.com/news/114829/litecoin-dumped-by-chinese-dash-next?ref=2604


Title: Re: LTC vs. DASH
Post by: HCLivess on July 17, 2015, 10:03:09 AM
LTC. No scam, older blockchain = better distribution.


Title: Re: LTC vs. DASH
Post by: rangedriver on July 18, 2015, 01:28:12 PM
It's a no brainer. Litecoin wins simply because it was fairly launched and the developer actually has a semblance of credibility.


Title: Re: LTC vs. DASH
Post by: El Dude on July 29, 2015, 11:21:36 AM
Litecoin - fairly released
darkcoin - 2 million instamine scam


/thread.


Title: Re: LTC vs. DASH
Post by: ridery99 on August 01, 2015, 08:38:58 PM
Why dash even mentioned? That's a scam crap coin


Title: Re: LTC vs. DASH
Post by: KhalDrago on August 01, 2015, 08:40:10 PM
no ordaniry joe is ever going to use litecoin, that shit is only good for trading for dollar..dash even shittier


Title: Re: LTC vs. DASH
Post by: SnowLion on August 05, 2015, 01:24:55 AM
The thing is, it comes down to Litecoins liquidity...it's available EVERYWHERE, and many websites accept it or deal with it. :)

Websites dealing with cryptocurrency and payments, Casino's and exchanges, money changers and game sites, just a name a few, almost always accept Litecoin. It was one of the first, so people know it. If people know about bitcoin, and you ask them "do you know any about other cryptocurrencies", they will name Litecoin. That word of mouth is worth a lot. Let's not fool ourselves here, if we go to some website that accepts crypto Litecoin is nearly always one of the first things that is "accepted here"...how common is that? Very common. That's liquidity.

 Liquidity triumphs these minor innovations we are seeing. What innovations has gold or silver came up with over the centuries of use??? Not many, but it's accepted everywhere because people KNOW it.

If I go to a website and they say we accept Bitcoin, how often does it say "Also we accept Monero, Vanilla, Maidsafe or BTS...Ripple?" come on now get serious. It will invariably say that they accept BITCOIN, LITECOIN, and sometimes DOGE (which is much more like copper to litecoins Silver standard and Bitcoins Gold standard) though I don't think very highly of Doge.

The thing is, I only "got into" crypto 4 or 5 months ago. I tried to learn as much as I could as quickly as possibly, naturally. One of the things I noticed as a crypto novice was how many websites talked about litecoin, accepted/transacted litecoin deposits, and I learned that it was something important.

Liquidity and mass acceptance or collective understanding is extremely important in marketing and capitalism. Some people don't like to accept that fact but it's a massive part of why litecoin is so popular and is here to stay. It will continue to develop and grow in technology and adoption, and price.

Finally considering that Litecoin is marketed as the Silver to Bitcoins Gold, if we realize that the historical gold/silver ratio was 15/1 Litecoin would have a true value of just under $20 USD per coin at current BTC prices. If we go by the average ratio in the 20th century, the ratio was closer to 47/1 which would still put Litecoin at about $6.40 today, which means it is currently slightly undervalued, and is due for correction very soon. Also note that silver has always been much more volatile then gold, and so smart investors may like to diversify their portfolios based on this fact and the guarantee of a coin that moves a lot, but is ultimately hedged on the value of bitcoin. If we look at history of the two coins this analysis is correct.

Finally, one more thing to think about with Litecoin is that capitalism demands competition. Coca-cola has Pepsi, Mcdonalds has Burger King, Japanese cars like Toyota compete with American cars like Ford (though I prefer Asian cars!), IBM and Macintosh and so on. Historically we just need to look at great products to realize that Bitcoin will need some major competitor at some point, it cannot stay number one forever with no one to challenge it, that's not the way economics works. Could we see Litecoin eventually fight for second place or higher? Dash, Monero, Ripple, Bts, Etherium? Bitcoins monopoly in crypto demands that it WILL some competition, that we can just look at history to realize.

 Who will it be? Litecoin could very well be it, or at least on of the front runners. Again, liquidity and mass early adoption/understanding in the collective minds of users the world over is going to be a big factor; litecoin was one of the first major projects and this will always continue to help foster it's growth. It's here to stay and will continue to get more and more powerful. Mark my words. The big pump in early July was a good example of it's world wide potential for overnight growth,
the halving is going to make doubters reconsider!!  :)


Title: Re: LTC vs. DASH
Post by: TreasureSeeker on August 08, 2015, 04:37:30 PM
Are we witnessing a breakup?  :'(

3    Litecoin      $ 172,667,910    $ 4.16    41,487,760 LTC    $ 4,126,070

4  Ethereum  $ 153,107,991    $ 2.55    60,102,216 ETH    $ 149,091  :o

5    Dash          $ 18,475,768    $ 3.27    5,652,416 DASH    $ 231,251
Where did Etherium come from?   Oh, wait - just looked - seems like some overpriced IPO. 


Title: Re: LTC vs. DASH
Post by: Monopoly on August 08, 2015, 06:22:27 PM
I loved dash from the first ... after BTc if there is a Precious coin that is dash ......


Title: Re: LTC vs. DASH
Post by: RustyNomad on August 18, 2015, 09:56:57 AM
Personally think DASH has a very, very long way to go.

Been playing around with it since the weekend and decided today to sell it all [if I'm ever able to get into my wallet]. Been using a DASH wallet through Encompass (Electrum) and I've been unable to access the wallet due to all the DASH servers on there being unresponsive. This has been ongoing for the past 48 odd hours. All the other coins on Encompass works just fine, no sync problems.

There is definitely a SSL issue with some of the DASH servers. Not sure what other problems there are but if this is any indication of what DASH has to offer then I rather leave now and keep my focus on btc and ltc.

So just my 2 cents.


Title: Re: LTC vs. DASH
Post by: stoat on August 18, 2015, 10:01:04 AM
Maybe people working on dash gave up because they know Ethereum just made their efforts redundant.


Title: Re: LTC vs. DASH
Post by: oaxaca on August 18, 2015, 06:01:35 PM
Personally think DASH has a very, very long way to go.

Been playing around with it since the weekend and decided today to sell it all [if I'm ever able to get into my wallet]. Been using a DASH wallet through Encompass (Electrum) and I've been unable to access the wallet due to all the DASH servers on there being unresponsive. This has been ongoing for the past 48 odd hours. All the other coins on Encompass works just fine, no sync problems.

There is definitely a SSL issue with some of the DASH servers. Not sure what other problems there are but if this is any indication of what DASH has to offer then I rather leave now and keep my focus on btc and ltc.

So just my 2 cents.

Why not simply download the official DASH wallet?  It is fast and works great.  Just curious.

https://www.dashpay.io/downloads/ (https://www.dashpay.io/downloads/)


Title: Re: LTC vs. DASH
Post by: oaxaca on August 18, 2015, 06:05:12 PM
Maybe people working on dash gave up because they know Ethereum just made their efforts redundant.

Seriously?

Ethereum is a decentralized platform that runs smart contracts. 
DASH is a currency.


Title: Re: LTC vs. DASH
Post by: droidgreg30 on August 20, 2015, 01:02:13 AM
Looks like a signal to me.   I'm not sure what everyone else is seeing.


Title: Re: LTC vs. DASH
Post by: Monopoly on August 20, 2015, 03:58:25 AM
I like both but dash has a shining future ...... dash did something that BTC did not .


Title: Re: LTC vs. DASH
Post by: talkbitcoin on August 20, 2015, 04:01:59 AM
It has only been about one thing: MAKING MONEY



exactly this, i don't care about the coins i care about money!


Title: Re: LTC vs. DASH
Post by: bat26 on August 20, 2015, 03:43:43 PM
Dash wins this race. Litecoin will keep going down to nothing, which it is.


Title: Re: LTC vs. DASH
Post by: AdamWhite on August 20, 2015, 06:09:58 PM
People actually believe a shitcoin scam like DASH built from the ground up on lies, deception and fraudulent instamines will go anywhere? ROFL.

There is one guy buying it from the asks to paint the chart OTOH (with his 1000+ masternodes) because he's so desperate to try and generate some buying interest in this dying scam


How to launch a shitcoin scam in just 4 easy steps!


Step 1. Mislead as many people as possible about the launch time. Like so:


Ok now it insta crashes when I type "setgenerate true".

Time to go to bed and try again next week?


Yeah, let's do that. I obviously need to do some more testing. Thanks everyone!

Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks.

Definitely not. I'll also follow up with this post when I do set a time.


"Definitely not."  We all know he went on to launch it a couple of hours later. Bravo Evan, you're a class act. The pinnacle of integrity and professionalism.


Step 2. INSTAMINE! INSTAMINE! INSTAMINE!

https://i.imgur.com/nhrM2zE.png


Ignore questions about the huge instamine for as long as possible. Deny it ever happened. Viciously attack anyone who posts irrefutable proof of the massive instamine scam. Try to discredit them. Call them trolls and put their names on "troll lists."

Note: Bonus points if you advertise "No premine" in your ANN title like Evan has done here (despite the massive 1.5 million instamine in the first 8 hours of launch).  Did i mention the integrity and professionalism?


Step 3. Lower the total supply and cut the mining rewards drastically once you're done instamining. This is a no-brainer!

-Lower the supply of coins that can ever exist from 80 million to 20 million.
-Cut the mining reward from 500 coins per block to 5 coins per block.

No one will notice. If they do, we'll just call them trolls, try to discredit them and put them on "troll lists" (see Step 2)


Step 4. If people start catching on to the scam, no problem. Change your name! Then change it again!


Title: Re: LTC vs. DASH
Post by: whap on August 20, 2015, 07:14:05 PM
suspicious facts

Thank you for the reminder. Let the shitstorm begin!


Title: Re: LTC vs. DASH
Post by: mudiko on August 21, 2015, 01:21:42 AM
Litecoin will just keep losing value. I think Dash wins this versus


Title: Re: LTC vs. DASH
Post by: r4vani on August 25, 2015, 10:57:05 AM
really?!

LTC vs. DASH :))))))


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


Title: Re: LTC vs. DASH
Post by: s1gs3gv on August 26, 2015, 06:21:36 PM
Disclaimer -The following is my personal opinion and should not be taken as financial or investment advice. I reserve the right to change my views at any time.


LTC - I expect to see a process of continual distribution by smart money resulting in prices trending lower, together with a collapse in hash rate to the 32-36K range. This process will be punctuated by occasional pumps and dumps which I'll treat as selling opportunities for any coins I mine.

DRK DASH - Cryptonote based coins will continue to gain mindshare at the expense of DASH and prices will trend lower, punctuated by pumps and dumps.

The Elephant in the Room - ETH will continue to gain mindshare at the expense of bitcoin and all other alts.



Title: Re: LTC vs. DASH
Post by: AdamWhite on August 30, 2015, 04:14:42 PM
Yet another Xcoin/Darkcoin/Dash/Otohcoin shill thread  ::)

Here's a tip: legitimate coins don't get delisted from exchanges


Title: Re: LTC vs. DASH
Post by: qwizzie on August 30, 2015, 05:13:05 PM
* Can LTC holders vote in a completely decentralised way about decentralised budget proposals ?
* Can LTC holders earn interest over their holdings and thereby reward those users who are investing longterm in this coin ?
* Can LTC users anonymize their coins in an optional and completely decentralised way ?
* Does LTC provide transaction-confirmations in such a way that it can be used for micro payments ? (i'm talking transaction-confirmations per second)
* Does LTC provide an automatic wallet backup system for its users?
* Does LTC even want to compete with Bitcoin ? Or is just satisfied with being one of many altcoins ? (although the largest altcoin atm)

Dash : We can reach our potential, but to do so we must reach within ourselves. We must summon the strength, the will and the faith to move forward - to be bold -
to invest in our future.


 






 
  


Title: Re: LTC vs. DASH
Post by: minernoob1 on August 30, 2015, 05:35:38 PM
I feel Dash is much better coin but Litecoin has more money backing it. Money allways wins in long run of things.


Title: Re: LTC vs. DASH
Post by: tradoz on August 30, 2015, 05:39:24 PM
I feel love for DASH for its innovation features and much secure network than LTC.


Title: Re: LTC vs. DASH
Post by: AdamWhite on August 30, 2015, 06:38:06 PM

Dash : We instamine our potential, but to do so we must instamine within ourselves. We must instamine the strength, the will and the faith to instamine forward - to be intstaminers -
to instamine our future.
  


ROFL

Dash was deliberately scam instamined. The voting feature is just a way for the devs to collect a 15% tax on top of their massive fraudulent instamine, and still you cheer for it! The whole thing is pointless anyhow since one guy Otoh owns 50%+ of the masternodes!  :-X LOL


https://i.imgur.com/kEW9ptG.png

 


 


Title: Re: LTC vs. DASH
Post by: Monopoly on August 30, 2015, 06:59:55 PM
Dash is winner for innovations and other features .........


Title: Re: LTC vs. DASH
Post by: s1gs3gv on August 30, 2015, 07:05:02 PM

Dash : We instamine our potential, but to do so we must instamine within ourselves. We must instamine the strength, the will and the faith to instamine forward - to be intstaminers -
to instamine our future.
  


ROFL

++ROFL


Title: Re: LTC vs. DASH
Post by: toknormal on August 30, 2015, 09:11:28 PM

* Can LTC holders vote in a completely decentralised way about decentralised budget proposals ?
* Can LTC holders earn interest over their holdings and thereby reward those users who are investing longterm in this coin ?
* Can LTC users anonymize their coins in an optional and completely decentralised way ?
* Does LTC provide transaction-confirmations in such a way that it can be used for micro payments ? (i'm talking transaction-confirmations per second)
* Does LTC provide an automatic wallet backup system for its users?
* Does LTC even want to compete with Bitcoin ? Or is just satisfied with being one of many altcoins ? (although the largest altcoin atm)

Pretty good summary.

The main difference between LTC and Dash is that the former gets most of its marketcap from trading in high liquidity markets while the latter is being continually optimised to support high performance retail adoption.

Between pumps though, LTC's value simply decays due to the fact that there is no reason to hold it unless you're day trading it. A lead balloon that gets reflated periodically by market makers not speculators.

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


Title: Re: LTC vs. DASH
Post by: generalizethis on August 30, 2015, 09:20:41 PM

* Can LTC holders vote in a completely centralized way about budget proposals ?
* Can LTC holders earn interest over their holdings and thereby reward those users who are investing longterm in this coin ?
* Can LTC users pseudo-anonymize their coins in an optional (therefore ruining fungibility) and completely centralized way?
* Does LTC constantly rename its coin in a vain attempt to distance itself from an instamine?

Pretty good summary.

The main difference between LTC and Dash is that the former gets most of its marketcap from trading in high liquidity markets while the latter is being continually pumped by a few early adopting instaminers.

Between pumps though, dash's value simply decays due to the fact that there is no reason to hold it unless you're day trading it. A lead balloon that gets reflated periodically by market makers not speculators.



I agree that is a pretty good summary.


Title: Re: LTC vs. DASH
Post by: OBAViJEST on September 03, 2015, 09:47:30 PM
Oh god, LTC...

DASH already seems to be moving up - will Litecoin do the same?  Crazy watching both coins dip so low  :o


Title: Re: LTC vs. DASH
Post by: statdude on September 04, 2015, 06:48:03 PM
about 5000 dash in buy support from here to oblivion. .008 here we go.


Title: Re: LTC vs. DASH
Post by: statdude on September 07, 2015, 11:02:52 PM

.0100 broken

Some speculators must be wondering if they should buy the dip or GTFO?

http://stashpit.com/upload/big/2015/09/07/55eda3d069688.png



What's your call?


Title: Re: LTC vs. DASH
Post by: smoothie on September 08, 2015, 01:04:09 AM
looks like a head and shoulders pattern to me that broke the NECKLINE:

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

Look the hell out below.


Title: Re: LTC vs. DASH
Post by: OBAViJEST on September 08, 2015, 02:38:59 AM
LTC @ .0127

DASH @ .009

Is it time to buy DASH, or watch it fall further?  LTC looks to be moving up higher as well  8)


Title: Re: LTC vs. DASH
Post by: thimo on September 08, 2015, 02:41:03 AM
LTC is way better


Title: Re: LTC vs. DASH
Post by: OBAViJEST on September 08, 2015, 05:31:18 AM
LTC is way better

Agreed....lots of LTC hate in this thread for some raisin  ;D


Title: Re: LTC vs. DASH
Post by: qwizzie on September 12, 2015, 05:10:15 PM
I wonder what Dash will do with that Public Awareness budget that got approved by the masternode owners.
This is paid-out in a superblock once a month unless it gets downvoted by masternode owners.

Quote
Public Awareness Campaign - $5500

How are your average daily users to find out about Dash and get into it without us reaching out to them? There’s a reason why big and successful projects educate
the general public about their solutions, and it's important for us to get our message across in a coordinated fashion as well. Focusing on promotion, education and
public awareness is crucial so that the added value features of Dash can be understood and better appreciated by the public. In the long term, we should be able to
scale up our efforts and use our team’s unique management skills to achieve great results.

Of course, we will need to be somewhat discreet about what level of detail we promote. In some cases, publishing the full details of our strategy could hinder its effectiveness.
Also, in such a highly competitive environment as crypto, some initiatives must be private at least until they go live (or it could cost us “first-mover” advantages).
For both reasons, some parts of the promotion initiatives will necessitate confidentiality.

There is certainly a lot of secrecy in that area, Dash's dev-team obviously does not want to reveal too much to competitors yet with regards to strategy and marketing but it should be
interesting to see where they will go with this ...

  
  


Title: Re: LTC vs. DASH
Post by: AdamWhite on September 16, 2015, 12:56:14 AM

From the tone of the participants in this thread I can tell some of you think I'm a DASH biased fan boy.


I wonder why they would think that.

Despite Dash being a proven instamine scam, you actually promote it as a viable alternative to Bitcoin. No one is sure what the future of crypto holds after Bitcoin, but the embarrassment currently known as 'Dash' will certainly not be relevant to the extent you think it will.

Good luck with that golden donkey dash pump.


Title: Re: LTC vs. DASH
Post by: AdamWhite on September 16, 2015, 01:19:14 AM
Rarely. So why do you consider Dash (or LTC while we're at it) so special that they deserve to be part of a "currency foundation" on equal footing with BTC?


Title: Re: LTC vs. DASH
Post by: AdamWhite on September 16, 2015, 03:37:15 AM
How do you know Ethereum won't end up being the silver to BTC's gold? Any specific reasons why you're discounting Cryptonote entirely?  

Yes i know it's shocking but I do live in the real world where rent and groceries are paid in fiat  :D  Are you saying i should embrace Dash because it's an instamine scam just like fiat paper currency?


Title: Re: LTC vs. DASH
Post by: AdamWhite on September 16, 2015, 11:55:10 AM
The reality of course is that you have no idea what will happen. All you're doing here is curve-fitting your ideology with coins you're emotionally attached to. There is nothing  "complicated" about ETH. It's been 1 month since launch, in a few months with a GUI there is nothing stopping it from being a "silver".

Dash is a laundry detergent. Your argument that the name alone promises it will have a future despite being a known instamine scam is simply laughable, as is your argument for discounting Cryptonote tech.

Obvious bias is obvious.


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


Title: Re: LTC vs. DASH
Post by: HeroCat on September 18, 2015, 02:34:41 PM
LTC is not very popular, but DASH is new in the market with a lot of other crypto  ;) I do not think both have long term and bright future  ;D


Title: Re: LTC vs. DASH
Post by: qwizzie on September 18, 2015, 07:02:16 PM
You can make that current total masternode number 3204, which means that in just one day 86 masternodes were setup extra.
3204 masternodes each with a collateral of 1000 dash makes 3.204.000 Dash out of exchanges / out of the hands of day-traders.

Each masternode owner will not only get rewards (45% of each block) for providing services to the Dash network (Anonymizing Dash, InstantX etc)
but will also get voting power in the decentralised budgetting system.



Title: Re: LTC vs. DASH
Post by: qwizzie on September 19, 2015, 08:58:42 AM
A certain individual in this thread (and i dont mean the OP) should really take a look at this :

https://i.imgur.com/jOznuZ3.jpg

Back to topic :

The 10 day slow rise in Dash price continues :

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

And this one just keeps creeping upwards (from USD 2.00 to USD 2.2) http://dc-charts.com/depth_dash.php?ex=2&cu=1
(its a 16K buy-order)

https://i.imgur.com/tEdV7eA.jpg


Title: Re: LTC vs. DASH
Post by: smoothie on September 21, 2015, 01:35:42 AM
It has been stated that the DASH price chart has formed a head and shoulders pattern from the time frame of Feb 2015 to August 6th 2015.

See this excerpt from the [ANN] DASH thread: https://bitcointalk.org/index.php?topic=421615.107460


BTW you never mentioned my Head & Shoulders pattern breakdown of the neckline


Because it doesn't look like H&S. I look for strong SR's (support/resistance) and SD (supply/demand) zones in the charts.
H&S for me has to be made from those SR.

You drew a  line across the chart calling it a SR for H&S

https://i.imgur.com/roVWVw7.png




Now we are going to deep dive into this chart and zoom in on the end of the speculated head and shoulders pattern that ended on August 6th.

Can you name the trend?

http://stashpit.com/upload/big/2015/09/21/55ff5188e3d31.png

Let's go to Investopedia.

LINK: http://www.investopedia.com/terms/i/inverseheadandshoulders.asp

Quote
DEFINITION of 'Inverse Head And Shoulders'

A chart pattern used in technical analysis to predict the reversal of a current downtrend. This pattern is identified when the price action of a security meets the following characteristics:

1. The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.


Welcome to the dark side.




Excuse me, but are you saying you see an inverse head and shoulders on a small time frame?

Please point it out if so.

Thanks


Title: Re: LTC vs. DASH
Post by: smoothie on September 21, 2015, 01:37:48 AM
Imagine if Charles Lee (aka coblee) made the same "mistake" as Mr. Evan of "accidentally" instamining DarkCoin/Dash/whatever you want to call it.

I think many of us who at some point or other supported Litecoin would have a different take on Mr. Lee's integrity.

Litecoin was a fairly launched coin in my view.

My take is that the real reason why Dark was renamed to Dash was to distance itself from the insta-mined coins story as well as other shady things that happened near its release in 2014.

Changing the name is a tactic that central bankers like to use to deceive people.

They don't call it "The money printing business"...they call it "The FEDERAL Reserve" for good reason.

Dash is just as much as it was dark only rebranded.

Kind of like how Solidcoin tried to rename their coin MicroCash.


Title: Re: LTC vs. DASH
Post by: BitcoinNational on September 21, 2015, 01:22:46 PM
funny the FedRes was named something like the Banking Cartel Coalition or something along that line
https://en.wikipedia.org/wiki/Panic_of_1907 (best I could find on the subject google you failed me!)

funny punny too ... it will be Dark history ;)


Title: Re: LTC vs. DASH
Post by: illodin on September 22, 2015, 07:12:44 AM
My take is that the real reason why Dark was renamed to Dash was to distance itself from the insta-mined coins story as well as other shady things that happened near its release in 2014.

My take is you will choose to believe whatever happens to suit your agenda at any given time.

Still waiting for your intervention in the Axiom thread btw. C'mon now, it had ninja launch, instamine amplified with huge instaPoS, instantly on exchanges, dev abandoned the project soon after. Should get your altruistic scam buster juices flowing.

And when you're done with Axiom, I have another one for you: https://bitcointalk.org/index.php?topic=1180846.0;all


Title: Re: LTC vs. DASH
Post by: AdamWhite on September 22, 2015, 05:24:31 PM
My take is that the real reason why Dark was renamed to Dash was to distance itself from the insta-mined coins story as well as other shady things that happened near its release in 2014.

My take is you will choose to believe whatever happens to suit your agenda at any given time.

Still waiting for your intervention in the Axiom thread btw. C'mon now, it had ninja launch, instamine amplified with huge instaPoS, instantly on exchanges, dev abandoned the project soon after. Should get your altruistic scam buster juices flowing.

And when you're done with Axiom, I have another one for you: https://bitcointalk.org/index.php?topic=1180846.0;all


I admire your scam-busting attitude! The logical way to do it with limited resources would be to focus on the biggest scams by market cap (Xcoin/Darkcoin/DASH) and work your way down.


Title: Re: LTC vs. DASH
Post by: hthsco on September 23, 2015, 01:00:13 AM
I like DASH. I love DASH.  ;D


Title: Re: LTC vs. DASH
Post by: RenegadeMan on September 23, 2015, 02:03:21 AM
Very much appreciate your work here Sir Alpha_goy. Even if I don't agree with all your assessments, you're adding considerable substance and value to the consideration of these two alts that (as you've pointed out) are so important to what's going on in crypto in general. Thanks.


Title: Re: LTC vs. DASH
Post by: pilscoop on September 23, 2015, 02:34:13 AM
Where can I trade LTC and DASH?


Title: Re: LTC vs. DASH
Post by: AdamWhite on September 23, 2015, 03:04:54 AM
I couldn't agree more.

I think you need to follow your own advice though and start with the biggest scams by market cap and work your way down.


Indeed. But since this is the altcoin section of Bitcointalk, let's stick to cryptocurrencies for now.


Title: Re: LTC vs. DASH
Post by: illodin on September 23, 2015, 06:17:18 AM
My take is that the real reason why Dark was renamed to Dash was to distance itself from the insta-mined coins story as well as other shady things that happened near its release in 2014.

My take is you will choose to believe whatever happens to suit your agenda at any given time.

Still waiting for your intervention in the Axiom thread btw. C'mon now, it had ninja launch, instamine amplified with huge instaPoS, instantly on exchanges, dev abandoned the project soon after. Should get your altruistic scam buster juices flowing.

And when you're done with Axiom, I have another one for you: https://bitcointalk.org/index.php?topic=1180846.0;all


I admire your scam-busting attitude! The logical way to do it with limited resources would be to focus on the biggest scams by market cap (Xcoin/Darkcoin/DASH) and work your way down.

You should know the background before opening your mouth. Smoothie claimed the price of DASH didn't have any bearing on his decision to attack it ("price has nothing to do with it") and implied it was for altruistic reasons boasting his other "scam busting" ventures (RealSolid/Coinhunter when BTC was $5 and SLC $0.01) as a reference for not caring about the price.


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 06:12:54 PM
There's lot's of false information rolling around this thread  ::)

Here's an interview that clarifies the instamine and what happened: https://dashdot.io/alpha/?page_id=118
TLDR: The instamine was a bug that turned into a feature, it's also why we're continuing to be a success.

If you want to learn about the technology, watch the video series. (there's a hidden message in the series somewhere that no one has found  ;D)

https://www.dashpay.io/dash-video-series/


Title: Re: LTC vs. DASH
Post by: onemorexmr on September 27, 2015, 06:14:51 PM
There's lot's of false information rolling around this thread  ::)

Here's an interview that clarifies the instamine and what happened: https://dashdot.io/alpha/?page_id=118
TLDR: The instamine was a bug that turned into a feature, it's also why we're continuing to be a success.

If you want to learn about the technology, watch the video series. (there's a hidden message for investors in the series somewhere that no one has found  ;D)

https://www.dashpay.io/dash-video-series/

if i where you i'd also say that the instamine is now a feature... at least you got a huge amount of coins that way ???


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 06:19:24 PM
There's lot's of false information rolling around this thread  ::)

Here's an interview that clarifies the instamine and what happened: https://dashdot.io/alpha/?page_id=118
TLDR: The instamine was a bug that turned into a feature, it's also why we're continuing to be a success.

If you want to learn about the technology, watch the video series. (there's a hidden message in the series somewhere that no one has found  ;D)

https://www.dashpay.io/dash-video-series/

if i where you i'd also say that the instamine is now a feature... at least you got a huge amount of coins that way ???

I'm going to venture a guess that you either read at 1000wpm or you didn't read that article.


Title: Re: LTC vs. DASH
Post by: onemorexmr on September 27, 2015, 06:20:36 PM
There's lot's of false information rolling around this thread  ::)

Here's an interview that clarifies the instamine and what happened: https://dashdot.io/alpha/?page_id=118
TLDR: The instamine was a bug that turned into a feature, it's also why we're continuing to be a success.

If you want to learn about the technology, watch the video series. (there's a hidden message in the series somewhere that no one has found  ;D)

https://www.dashpay.io/dash-video-series/

if i where you i'd also say that the instamine is now a feature... at least you got a huge amount of coins that way ???

I'm going to venture a guess that you either read at 1000wpm or you didn't read that article.

i was there in the first days of xcoin and i dont need an article to explain to me what happend back then


Title: Re: LTC vs. DASH
Post by: qwizzie on September 27, 2015, 06:26:24 PM
There's lot's of false information rolling around this thread  ::)

Here's an interview that clarifies the instamine and what happened: https://dashdot.io/alpha/?page_id=118
TLDR: The instamine was a bug that turned into a feature, it's also why we're continuing to be a success.

If you want to learn about the technology, watch the video series. (there's a hidden message in the series somewhere that no one has found  ;D)

https://www.dashpay.io/dash-video-series/

damn, i already watched them (all of them) and i didnt find any hidden message. Please dont tell me we are suppose to watch those video's backwards in order
to reveal any hidden messages ?   ;D


Title: Re: LTC vs. DASH
Post by: AdamWhite on September 27, 2015, 06:52:30 PM
TLDR: The instamine was a bug that turned into a feature


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Title: Re: LTC vs. DASH
Post by: qwizzie on September 27, 2015, 06:54:05 PM
There's lot's of false information rolling around this thread  ::)

Here's an interview that clarifies the instamine and what happened: https://dashdot.io/alpha/?page_id=118
TLDR: The instamine was a bug that turned into a feature, it's also why we're continuing to be a success.

If you want to learn about the technology, watch the video series. (there's a hidden message in the series somewhere that no one has found  ;D)

https://www.dashpay.io/dash-video-series/

if i where you i'd also say that the instamine is now a feature... at least you got a huge amount of coins that way ???

I'm going to venture a guess that you either read at 1000wpm or you didn't read that article.

I have a confession to make, even i didnt read your mentioned interview as i incorrectly assumed it directed to the birth of darkcoin and
wouldnt contain information i didnt read already. I just now clicked your link and realised it does contain a lot of new information.
Thanks for the link.  


Title: Re: LTC vs. DASH
Post by: qwizzie on September 27, 2015, 07:13:37 PM
TLDR: The instamine was a bug that turned into a feature


 ::)                    
 

In regards to this: https://dashdot.io/alpha/?page_id=118

What is your response to this:

Quote
If you don’t like that it was an instamine, that’s fine, go invest in something else.

eh, i think he already replied with a K, so i guess Adam is okay with it.


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 08:05:27 PM
So eduffield says the instamine wasn't a scam, i guess that's all the proof I need!  ::)

What do you expect, that's he'll admit it?

Was the instamine a scam? "Definitely not"

Ok now it insta crashes when I type "setgenerate true".

Time to go to bed and try again next week?


Yeah, let's do that. I obviously need to do some more testing. Thanks everyone!

Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks.

Definitely not. I'll also follow up with this post when I do set a time.

Seeing a pattern?

Deceptive launch time, lack of windows wallets, the supposed "bug" that instamined over 23% of the total coins in circulation in 8 hours - anyone with brain sees exactly what happened here.


In regards to this: https://dashdot.io/alpha/?page_id=118

What is your response to this:

Quote
If you don’t like that it was an instamine, that’s fine, go invest in something else.

If you don't like hearing criticism about your oops!stamined scamcoin, that's fine, go click on another thread.

I'm going to venture a guess. You bought the original hype about Darkcoin when it was $12-15 (when we had no technology and just ideas!), then it fell to $5 and you were looking for something to blame and learned about the instamine? You've been waiting for months for it to collapse and it's not (real next-gen technology, really amazing 50+ member team, 10000+ hours of work has been put into this project in the last 1.5 years). What are you going to do when you finally realize it's not a scam, then it takes off and no one cares about the instamine because the technology is whats important?

The whole instamine is over blown because every coin that's even moderately successful has founders with >5%. Dash is on the low end, our founders have way less coins than the Bitcoin devs, Ripple, etc. Bitcoin for example was unknown with a handful of miners for nearly 1-2 years, they mined 6 million coins during that time. Satoshi alone was thought to have 10%. Our entire team combined has less than 10% of the supply (current supply, not total). So what?

What about corporations? They all start out with "Instamines". Does that make every corporation in history a scam?


Title: Re: LTC vs. DASH
Post by: generalizethis on September 27, 2015, 08:15:31 PM
So eduffield says the instamine wasn't a scam, i guess that's all the proof I need!  ::)

What do you expect, that's he'll admit it?

Was the instamine a scam? "Definitely not"

Ok now it insta crashes when I type "setgenerate true".

Time to go to bed and try again next week?


Yeah, let's do that. I obviously need to do some more testing. Thanks everyone!

Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks.

Definitely not. I'll also follow up with this post when I do set a time.

Seeing a pattern?

Deceptive launch time, lack of windows wallets, the supposed "bug" that instamined over 23% of the total coins in circulation in 8 hours - anyone with brain sees exactly what happened here.


In regards to this: https://dashdot.io/alpha/?page_id=118

What is your response to this:

Quote
If you don’t like that it was an instamine, that’s fine, go invest in something else.

If you don't like hearing criticism about your oops!stamined scamcoin, that's fine, go click on another thread.

I'm going to venture a guess. You bought the original hype about Darkcoin when it was $12-15 (when we had no technology and just ideas!), then it fell to $5 and you were looking for something to blame and learned about the instamine? You've been waiting for months for it to collapse and it's not, because now that we have REAL technology that works. What are you going to do when you finally realize it's not a scam and no one cares about the instamine because the technology is whats important?

The whole instamine is over blown because every coin that's even moderately successful has founders with >5%. Dash is on the low end, our founders have way less coins than the Bitcoin devs, Ripple, etc. Bitcoin for example was unknown with a handful of miners for nearly 1-2 years, they mined 6 million coins during that time. Satoshi alone was thought to have 10%. Our entire team combined has less than 10% of the supply (current supply, not total). So what?

What about corporations? They all start out with "Instamines". Does that make every corporation in history a scam?



Are you saying your coin was as fairly launched as Bitcoin? Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation? In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.


Title: Re: LTC vs. DASH
Post by: illodin on September 27, 2015, 08:19:34 PM
Either way, it's a losing proposition for an investor who values quality leadership.

Yes, it's terrible to invest in a project where the leader makes decisions that benefit the investors.


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 08:23:47 PM
Are you saying your coin was as fairly launched as Bitcoin? Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation? In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.

Is the Dash distribution currently better than Bitcoins on July, 1 2010 (1.5 years after launch)? YES! Can you prove otherwise?

There is no such thing as a fair distribution, Bitcoin, Litecoin, etc... they ALL have declining supply curves. That is mathematically defined unfair distribution, where most of the coins are issued up front. Life is unfair, you can't always catch a coin when it launches and make a bunch of money off of it.

The community should support competition in the space and all projects where there is a lot of effort. We need more ideas in this space, not less. If Bitcoin had it's way, all of our "silly projects" would be killed off and it would be a monopoly in the space, the only game in town. This isn't healthy for a free market, we should be exploring as many new ideas as possible, to try and find the real solutions, the ones the Bitcoin devs don't care to look into (like decentralized governance https://www.youtube.com/watch?v=x2bx0quM-h0 and virtual corporations so that we could have a truly decentralized ecosystem https://www.youtube.com/watch?v=eEJKZjTx9Bg)


Title: Re: LTC vs. DASH
Post by: generalizethis on September 27, 2015, 08:27:42 PM
Are you saying your coin was as fairly launched as Bitcoin? Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation? In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.

Is the Dash distribution currently better than Bitcoins on July, 1 2010 (1.5 years after launch)? YES! Can you prove otherwise?

That's eluding the questions with a question.

Again,


Are you saying your coin was as fairly launched as Bitcoin? Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation? In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.



Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 08:39:34 PM
Are you saying your coin was as fairly launched as Bitcoin?

Yes, it was launched as fair as Bitcoin. It was launched with prior notice and a completely public source code. Bugs or no bugs, it was completely transparent.

Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation?[/b] In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.

Insider manipulation? Watch my video here about Virtual Corporations: https://www.youtube.com/watch?v=eEJKZjTx9Bg

This is the structure that stops that from being a problem. People that have shares from the instamine or that are issued through the setup of a virtual corporation will have to sign some bylaws, which will make that type of behavior impossible. The founders need incentives, but they also need rules, which is what we're working on.

As for tainting the coin forever? All coins have instamines, some of them are slower than others. That's the point. Any coin that is even moderately successful has founders with more than 5% of the supply. That's called incentivizing the founders, it's required.

In the end the ONLY point of a fair launch is for distribution. So now answer my question:

Is the Dash distribution currently better than Bitcoins on July, 1 2010 (1.5 years after launch)?


Title: Re: LTC vs. DASH
Post by: generalizethis on September 27, 2015, 08:48:50 PM
Are you saying your coin was as fairly launched as Bitcoin? Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation? In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.


Are you saying your coin was as fairly launched as Bitcoin?

Yes, it was launched as fair as Bitcoin. It was launched with prior notice and a completely public source code. Bugs or no bugs, it was completely transparent.

Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation?[/b] In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.

Insider manipulation? Watch my video here about Virtual Corporations: https://www.youtube.com/watch?v=eEJKZjTx9Bg

This is the structure that stops that from being a problem. People that have shares from the instamine or that are issued through the setup of a virtual corporation will have to sign some bylaws, which will make that type of behavior impossible. The founders need incentives, but they also need rules, which is what we're working on.

As for tainting the coin forever? All coins have instamines, some of them are slower than others. That's the point. Any coin that is even moderately successful has founders with more than 5% of the supply. That's called incentivizing the founders, it's required.

In the end the ONLY point of a fair launch is for distribution. So now answer my question:

Is the Dash distribution currently better than Bitcoins on July, 1 2010 (1.5 years after launch)?

Never mind that a fair launch means everyone has a fair chance to mine. But accepting your premise that everyone instamines, I'm still left to trust that the coin is fairly distributed with just your say so and market information that could be manipulated (instaminers trading coins with themselves). And i have a hard trusting anyone whose defense is "but everyone does it."

And again, couldn't you foresee answering posts like this by not relaunching the coin if it was indeed accidentally instamined? Though I have my doubts about that being true given your nonchalant defense of the instamine.


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 08:49:20 PM
Definitely not. I'll also follow up with this post when I do set a time.

"Definitely not."  We all know he went on to launch it a couple of hours later. Bravo Evan, you're a class act. The pinnacle of integrity and professionalism.

I said "Definitely not. I'll also follow up with this post when I do set a time. "
https://i.imgur.com/nYuFVhR.png

Then 3 posts below, I set the time... like I said above. Can't read?
https://i.imgur.com/AKslIRw.png


Title: Re: LTC vs. DASH
Post by: GingerAle on September 27, 2015, 08:50:24 PM
Are you saying your coin was as fairly launched as Bitcoin?

Yes, it was launched as fair as Bitcoin. It was launched with prior notice and a completely public source code. Bugs or no bugs, it was completely transparent.

Also, didn't you realize that not relaunching after the accidental mine would forever taint your launch with the possibility of insider manipulation?[/b] In my estimation, you either failed to see the obvious or you are currently misleading people. Either way, it's a losing proposition for an investor who values quality leadership.

Insider manipulation? Watch my video here about Virtual Corporations: https://www.youtube.com/watch?v=eEJKZjTx9Bg

This is the structure that stops that from being a problem. People that have shares from the instamine or that are issued through the setup of a virtual corporation will have to sign some bylaws, which will make that type of behavior impossible. The founders need incentives, but they also need rules, which is what we're working on.

As for tainting the coin forever? All coins have instamines, some of them are slower than others. That's the point. Any coin that is even moderately successful has founders with more than 5% of the supply. That's called incentivizing the founders, it's required.

In the end the ONLY point of a fair launch is for distribution. So now answer my question:

Is the Dash distribution currently better than Bitcoins on July, 1 2010 (1.5 years after launch)?

Thanks for addressing these points and explaining your position.


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 08:59:26 PM
Never mind that a fair launch means everyone has a fair chance to mine. But accepting your premise that everyone instamines, I'm still left to trust that the coin is fairly distributed with just your say so and market information that could be manipulated (instaminers trading coins with themselves). And i have a hard trusting anyone whose defense is "but everyone does it."

And again, couldn't you foresee answering posts like this by not relaunching the coin if it was indeed accidentally instamined? Though I have my doubts about that being true given your nonchalant defense of the instamine.

A fair chance to mine? Was the code available? Yes . Was it pre-announced? Yes.

I'm still left to trust that the coin is fairly distributed with just your say so? There's proof in the article you didn't read. https://dashdot.io/alpha/?page_id=118

And i have a hard trusting anyone whose defense is "but everyone does it.".

The "defense" is that founders need to be found. All cryptos that are successful have some sort of instamine. You might as well just get over it. Crypto is about trying to find solutions to fungibility, privacy, mass-adoption and pure decentralization. We are winning in all of those categories and if you get lost on minor details, like the launch, you're missing the bigger picture. Dash is the most advanced currency to ever exist and we have solved all of the problems in the space, next step is bringing it to the public. Do you think they care about the distribution of the coin? No.

We're trying to make the very first truly decentralized ecosystem to ever exist. From when you put in your money, to when you eventually get it out of the currency later, must ALL be decentralized. Who doesn't want that? That's not what Bitcoin is, it's a completely centralized ecosystem (one semi-decentralized currency, with 100% centralized companies to interact with).

Why is Bitcoin not 100% decentralized? The have centralized fungibility (bitcoinfog, sharedcoin, etc), centralized instant transactions (greenaddress), centralized funding (college grant money), centralized fiat conversion (coinbase, etc), centralized decision making, centralized governance... everything except the proof of work aspect is 100% old school. We need to move away from this, to something more decentralized, something that can't be corrupted. That is DASH.

Watch the video series if you actually want to learn what we're about: https://www.dashpay.io/dash-video-series/


Title: Re: LTC vs. DASH
Post by: generalizethis on September 27, 2015, 09:11:43 PM
Never mind that a fair launch means everyone has a fair chance to mine. But accepting your premise that everyone instamines, I'm still left to trust that the coin is fairly distributed with just your say so and market information that could be manipulated (instaminers trading coins with themselves). And i have a hard trusting anyone whose defense is "but everyone does it."

And again, couldn't you foresee answering posts like this by not relaunching the coin if it was indeed accidentally instamined? Though I have my doubts about that being true given your nonchalant defense of the instamine.

A fair chance to mine? Was the code available? Yes . Was it pre-announced? Yes.

I'm still left to trust that the coin is fairly distributed with just your say so? There's proof in the article you didn't read. https://dashdot.io/alpha/?page_id=118

And i have a hard trusting anyone whose defense is "but everyone does it.".

The "defense" is that founders need to be found. All cryptos that are successful have some sort of instamine. You might as well just get over it. Crypto is about trying to find solutions to fungibility, privacy, mass-adoption and pure decentralization. We are winning in all of those categories and if you get lost on minor details, like the launch, you're missing the bigger picture. Dash is the most advanced currency to ever exist and we have solved all of the problems in the space, next step is bringing it to the public. Do you think they care about the distribution of the coin? No.

We're trying to make the very first truly decentralized ecosystem to ever exist. From when you put in your money, to when you eventually get it out of the currency later, must ALL be decentralized. Who doesn't want that? That's not what Bitcoin is, it's a completely centralized ecosystem (one semi-decentralized currency, with 100% centralized companies to interact with).

Your article doesn't persuade that the coin is fairly distributed. It's based on circumstantial evidence and supposed common sense--whereas the most common sense move would have been to relaunch the coin after the faulty launch (supposing that is the truth).

You can't have a decentralized, fungible, private currency with too many coins being held in too few hands*. Again, I'd have to trust you that this is true. I don't, anymore than i trust mashing 11 algos together is best practices in crypto or having human fail points in a privacy scheme is a good idea.

*quantum money being the only known exception has yet to be created.


Title: Re: LTC vs. DASH
Post by: illodin on September 27, 2015, 09:16:52 PM

If I had anything important to do (like sleeping or eating or watching tv) I wouldn't bother getting caught in a debate with them, it will never end as they take any answer you give and turn it into a strawman requiring yet another response.

Unless you enjoy endless back and forth trolling as much as they do of course but I never got that impression of you. ;)


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 09:41:03 PM
Your article doesn't persuade that the coin is fairly distributed. It's based on circumstantial evidence and supposed common sense--whereas the most common sense move would have been to relaunch the coin after the faulty launch (supposing that is the truth).

I did relaunch the coin! https://bitcointalk.org/index.php?topic=421615.msg4588649#msg4588649

The first launch was broken and not "fair" so I relaunched...

You can't have a decentralized, fungible, private currency with too many coins being held in too few hands*.

Mass Adoption is the goal.... lots of hands are going to be in the pot.

I don't, anymore than i trust mashing 11 algos together is best practices in crypto or having human fail points in a privacy scheme is a good idea.

Anyone that says X11 isn't secure doesn't understand how it's actually being used. Apples and Oranges.


Title: Re: LTC vs. DASH
Post by: iCEBREAKER on September 27, 2015, 09:50:40 PM
I'm going to venture a guess. You bought the original hype about Darkcoin when it was $12-15 (when we had no technology and just ideas!), then it fell to $5 and you were looking for something to blame and learned about the instamine? You've been waiting for months for it to collapse and it's not (real next-gen technology, really amazing 50+ member team, 10000+ hours of work has been put into this project in the last 1.5 years). What are you going to do when you finally realize it's not a scam, then it takes off and no one cares about the instamine because the technology is whats important?

The whole instamine is over blown because every coin that's even moderately successful has founders with >5%. Dash is on the low end, our founders have way less coins than the Bitcoin devs, Ripple, etc. Bitcoin for example was unknown with a handful of miners for nearly 1-2 years, they mined 6 million coins during that time. Satoshi alone was thought to have 10%. Our entire team combined has less than 10% of the supply (current supply, not total). So what?

What about corporations? They all start out with "Instamines". Does that make every corporation in history a scam?

What an utterly irresponsible response for a coin's core dev/founder to make.

The uncalled for, unprofessional, baseless assumption of motivations ('I guess you bought hype about Darkcoin when it was $12') is bad enough.

But the 'everybody does it' tu quoquo is an atrocious deflection of responsibility for Dash's uniquely botched launch and concomitant insta/pre/oopsy-mine.


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 09:55:29 PM
What an utterly irresponsible response for a coin's core dev/founder to make.

The uncalled for, unprofessional, baseless assumption of motivations ('I guess you bought hype about Darkcoin when it was $12') is bad enough.

You're right. I take it back, I shouldn't have speculated.

But the 'everybody does it' tu quoquo is an atrocious deflection of responsibility for Dash's uniquely botched launch and concomitant insta/pre/oopsy-mine.

I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".


Title: Re: LTC vs. DASH
Post by: generalizethis on September 27, 2015, 09:57:37 PM
Your article doesn't persuade that the coin is fairly distributed. It's based on circumstantial evidence and supposed common sense--whereas the most common sense move would have been to relaunch the coin after the faulty launch (supposing that is the truth).

I did relaunch the coin! https://bitcointalk.org/index.php?topic=421615.msg4588649#msg4588649

The first launch was broken and not "fair" so I relaunched...

You can't have a decentralized, fungible, private currency with too many coins being held in too few hands*.

Mass Adoption is the goal.... lots of hands are going to be in the pot.

I don't, anymore than i trust mashing 11 algos together is best practices in crypto or having human fail points in a privacy scheme is a good idea.

Anyone that says X11 isn't secure doesn't understand how it's actually being used. Apples and Oranges.

The second launch was broken and not fair (~1.5 million coins in 48 hours), so you should have relaunched if you wanted to avoid the conversation we are having right now. Again, either you are lying or couldn't see an obvious pitfall (and i'm being generous with pitfall as some would say impossible gorge) on the road to legitimacy.

As for what you plan meeting reality and mashing algos together being good crypto, we'll have to agree to disagree.


Title: Re: LTC vs. DASH
Post by: eduffield on September 27, 2015, 10:00:53 PM
As for what you plan meeting reality and mashing algos together being good crypto, we'll have to agree to disagree.

Yes, lets just talk about this then. How is X11 bad for crypto?

It's used for proof-of-work and protecting our decentralized oracle implementation. How would you use a weakness in one of the 11 algorithms to attack the currency?

Do you also realize if I'm wrong and we got attacked, we would just switch to another algorithm? Just like if SHA256 had issues, the bitcoin team would have to switch as well. Instead of switching out the entire algorithm, we could use 10 hashes instead of 11 as the chain.

Also, speaking of distribution. The whole idea behind inventing X11 was that it would reduce the heat/wear-and-tear on GPUs that were used for mining. This allowed a really long period (...still going after 1.5 years) of hobbyist miners using GPUs to mine Dash.


Title: Re: LTC vs. DASH
Post by: iCEBREAKER on September 27, 2015, 11:10:22 PM
What an utterly irresponsible response for a coin's core dev/founder to make.

The uncalled for, unprofessional, baseless assumption of motivations ('I guess you bought hype about Darkcoin when it was $12') is bad enough.

You're right. I take it back, I shouldn't have speculated.

But the 'everybody does it' tu quoquo is an atrocious deflection of responsibility for Dash's uniquely botched launch and concomitant insta/pre/oopsy-mine.

I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".

Glad to see you being more reasonable, but you still lack any factual/evidential basis on which to assert "all cryptocurrencies have founders with more than 5%."  Coblee doesn't have 5% of LTC; tacotime/fluffypony don't have 5% of XMR.

Now please maintain that rationality and follow our agreed-upon premises to their logical conclusion, that Dash should be relaunched in a fair, transparent, and competent manner.


Title: Re: LTC vs. DASH
Post by: generalizethis on September 27, 2015, 11:37:27 PM
What an utterly irresponsible response for a coin's core dev/founder to make.

The uncalled for, unprofessional, baseless assumption of motivations ('I guess you bought hype about Darkcoin when it was $12') is bad enough.

You're right. I take it back, I shouldn't have speculated.

But the 'everybody does it' tu quoquo is an atrocious deflection of responsibility for Dash's uniquely botched launch and concomitant insta/pre/oopsy-mine.

I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".

Glad to see you being more reasonable, but you still lack any factual/evidential basis on which to assert "all cryptocurrencies have founders with more than 5%."  Coblee doesn't have 5% of LTC; tacotime/fluffypony don't have 5% of XMR.

Now please maintain that rationality and follow our agreed-upon premises to their logical conclusion, that Dash should be relaunched in a fair, transparent, and competent manner.

I am not sure who is more entertaining?

Between you and generalizethis I am just about in tears (of laughter) over this bickering.

When you guys say "it's not fair" all I can think of is the way children react when someone takes away their toys.

"DASH should be relaunched"?

LOL

Setting any bias I have for LTC/DASH aside that has to be the most ridiculous thing I have ever heard!

Now without letting this thread (LTC vs DASH) get anymore out of hand with this third wheel Monero piggybacking can you please tell us what the crypto community stands to gain from DASH relaunching?

More specifically what do you have to gain from DASH relaunching?

I would also like to point out to you that Time Travel Signups are now open to the public.

Feel free to sign up: https://bitcointalk.org/index.php?topic=1194084.0

Then maybe you can undo the past or something to gain the advantage you are looking for.





You're missing the point. If you want legitimacy as a coin without having to explain why the instamine doesn't matter, you relaunch the coin. I don't care if you relaunch dash or not. Masternodes are a ridiculous privacy system and that's enough to keep me out.


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 12:07:00 AM
It seems that they really don't care about Dash


Title: Re: LTC vs. DASH
Post by: generalizethis on September 28, 2015, 12:14:15 AM

You're missing the point. If you want legitimacy as a coin without having to explain why the instamine doesn't matter, you relaunch the coin. I don't care if you relaunch dash or not. Masternodes are a ridiculous privacy system and that's enough to keep me out.

Legitimacy as defined by who?

You?

I personally don't have a problem with the coin because as stated in the OP "This one is for all those who fall in love with a coin."

I don't fall in love with coins therefore this "legitimacy" that you speak of is irrelevant for a balanced system to revolve.

Perfection is something that should be sought after.

That much is commendable.

Expecting actual perfection is a fools game that will always be lost.

Name one thing in life (man made) that is perfect.

I can't and i'm ok with that.










If you are fine with a man in leadership who is either lying/misleading you about the instamine or didn't have the foresight to see that the instamine would haunt the community and a relaunch would be a simple and efficient means to avoid the situation permanently, then good for you. I just want those who aren't aware of the situation to have all the facts before they invest their money in what is either bad or worse management.


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 12:25:43 AM
I just want those who aren't aware of the situation to have all the facts before they invest their money in what is either bad or worse management.

Yeah right.
Did I see you in those real scam coins thread? No, I didn't. Why?
Guess what?


Title: Re: LTC vs. DASH
Post by: generalizethis on September 28, 2015, 12:32:56 AM
I just want those who aren't aware of the situation to have all the facts before they invest their money in what is either bad or worse management.

Yeah right.
Did I see you in those real scam coins thread? No, I didn't. Why?
Guess what?

Because they don't claim to be private, and if you look at my sig and my post history, you'll see that is my interest. It's sad that the leading market cap in privacy is a coin that depends on a hackneyed crypto system and a dev who is either a liar or shows poor long term planning. One of the cryptonote coins that launched fairly should be #1 (XMR, AEON, BBR), until a better privacy system is achieved (zerocash, quantum money...). It shows that some in the community are banking on public ignorance or are ignorant themselves of what makes a good privacy coin.


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 12:50:49 AM
One of the cryptonote coins that launched fairly should be #1 (XMR, AEON, BBR)

Should be? Well, it is not. Now everybody can see what your motivation is in defaming Dash.



Because they don't claim to be private...
...it shows that some in the community are banking on public ignorance or are ignorant themselves of what makes a good privacy coin.

Bitcoin was an experiment. Dash also is an experiment but it explores. Its privacy hasn't been broken yet and it will be even improved.
But there are more things that make coin a currency.


Title: Re: LTC vs. DASH
Post by: generalizethis on September 28, 2015, 01:03:43 AM
One of the cryptonote coins that launched fairly should be #1 (XMR, AEON, BBR)

Should be? Well, it is not. Now everybody can see what your motivation is in defaming Dash.



Because they don't claim to be private...
...it shows that some in the community are banking on public ignorance or are ignorant themselves of what makes a good privacy coin.

Bitcoin was an experiment. Dash also is an experiment but it explores. Its privacy hasn't been broken yet and it will be even improved.
But there are more things that makes coin a currency.

Dash defamed itself. I'm merely pointing out the facts. Either it was instasmined by accident and the dev should have rescinded the launch to avoid later criticism or it was a sham launch to line his pockets. You can blame you dev for that, not me. And I will continue to point it out as long as the dash literature says "no premine."

As for dash's masternode system with its human points of failure, this system will garner the attention of authorities who can break it if the market cap ever gets big enough to matter. I intend for people to know all the flaws of your coin and make certain that a system that is flawed and gives people a false sense of security/privacy never lives long enough to reach that ignominious day. My motivation is to call the fraud for what it is and make certain that a good privacy coin takes its rightful place. If you have a problem with that, pick  another coin to shill.


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 01:20:36 AM
....I will continue to point it out as long as the dash literature says "no premine."

It doesn't say "no instamine", so I think "no premine" is ok.


Dash defamed itself. I'm merely pointing out the facts.

Defamed? It's gaining traction.
You can point out those "facts" as long as you can. I don't care about what you do with your time.


As for dash's masternode system with its human points of failure, this system will garner the attention of authorities who can break it if the market cap ever gets big enough to matter. I intend for people to know all the flaws of your coin and make certain that a system that is flawed and gives people a false sense of security/privacy never lives long enough to reach that ignominious day. My motivation is to call the fraud for what it is and make certain that a good privacy coin takes its rightful place. If you have a problem with that, pick  another coin to shill.

As I said, Dash explores. You can't even say nor imagine what system we can incorporate since we have "Decentralized Governance and Budget System".

Man, you care more about Dash than I  ;)
Maybe not

Edit:
I forgot to add. Bye
I don't have as much time as you have for it.


Title: Re: LTC vs. DASH
Post by: generalizethis on September 28, 2015, 01:44:54 AM
....I will continue to point it out as long as the dash literature says "no premine."

It doesn't say "no instamine", so I think "no premine" is ok.
Man, you care more about Dash than I  ;)


Dash defamed itself. I'm merely pointing out the facts.

Defamed? It's gaining traction.
You can point out those "facts" as long as you can. I don't care about what you do with your time.


As for dash's masternode system with its human points of failure, this system will garner the attention of authorities who can break it if the market cap ever gets big enough to matter. I intend for people to know all the flaws of your coin and make certain that a system that is flawed and gives people a false sense of security/privacy never lives long enough to reach that ignominious day. My motivation is to call the fraud for what it is and make certain that a good privacy coin takes its rightful place. If you have a problem with that, pick  another coin to shill.

As I said, Dash explores. You can't even say nor imagine what system we can incorporate since we have "Decentralized Governance and Budget System".

"Our coin was instamined but it's ok to advertise NO PREMINE" is the type of semantic niggling that leads me to believe little to none of the dash defenders has an inkling of fairness in advertising. Sure it's true that high fructose corn syrup isn't sugar, but I'm certainly going to call bullshit on any company who has this additive in their products and puts "sugar free" on their labels. The reason is that the consumers who are most concerned about avoiding sugar calories are most likely the same ones who are looking to avoid corn syrup. Dash's advertising "no premine' gives the same impression to consumers who are most likely looking for a product that didn't reward itself dishonestly or accidentally. The fact that dash advertises "no premine" and then tries to hide the intsamine facts by burying it in their literature goes to show the community is aware of the bad perception it gives and that a few people would not buy the coin if they knew the truth. I'm amazed that Evan has come out of hiding to acknowledge it--though his defense is the standard, "but everyone does it," which is the cliche answer of those who got caught but aren't apologetic.

As for masternodes, you're an idiot if you think human dependency belongs in a cryptocurrency when it doesn't have to be there. These systems were designed to take as much error and greed out of the hands of humans as possible. A system that willingly incorporates it into their design, and especially a design for privacy, is begging for that system to break--whether this is added out of ignorance, stupidity, arrogance,  greed or another "accident" is beyond me. All I know is that it doesn't belong there.



Title: Re: LTC vs. DASH
Post by: sohcboss on September 28, 2015, 03:30:27 AM
In for banter


Title: Re: LTC vs. DASH
Post by: smoothie on September 28, 2015, 03:41:06 AM
So eduffield says the instamine wasn't a scam, i guess that's all the proof I need!  ::)

What do you expect, that's he'll admit it?

Was the instamine a scam? "Definitely not"

Ok now it insta crashes when I type "setgenerate true".

Time to go to bed and try again next week?


Yeah, let's do that. I obviously need to do some more testing. Thanks everyone!

Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks.

Definitely not. I'll also follow up with this post when I do set a time.

Seeing a pattern?

Deceptive launch time, lack of windows wallets, the supposed "bug" that instamined over 23% of the total coins in circulation in 8 hours - anyone with brain sees exactly what happened here.


In regards to this: https://dashdot.io/alpha/?page_id=118

What is your response to this:

Quote
If you don’t like that it was an instamine, that’s fine, go invest in something else.

If you don't like hearing criticism about your oops!stamined scamcoin, that's fine, go click on another thread.

I'm going to venture a guess. You bought the original hype about Darkcoin when it was $12-15 (when we had no technology and just ideas!), then it fell to $5 and you were looking for something to blame and learned about the instamine? You've been waiting for months for it to collapse and it's not (real next-gen technology, really amazing 50+ member team, 10000+ hours of work has been put into this project in the last 1.5 years). What are you going to do when you finally realize it's not a scam, then it takes off and no one cares about the instamine because the technology is whats important?

The whole instamine is over blown because every coin that's even moderately successful has founders with >5%. Dash is on the low end, our founders have way less coins than the Bitcoin devs, Ripple, etc. Bitcoin for example was unknown with a handful of miners for nearly 1-2 years, they mined 6 million coins during that time. Satoshi alone was thought to have 10%. Our entire team combined has less than 10% of the supply (current supply, not total). So what?

What about corporations? They all start out with "Instamines". Does that make every corporation in history a scam?

Okay so you put "NO PREMINE" on your thread title...

yet fail to mention the INSTAMINE on the front page of your thread and your website and forum.

If it isn't a problem and "corporations" instamine things why not openly advertise it as true and not disguise it as a version of crypto that is legitimate?

 ::) ::) ::)

MORESO....


I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".

If you are going to take 100% responsibility of the instamine bug when your coin launched then please put "DASH was instamined and this many coins were mined in the first X hours" on the front page of your website, forum, and threads. You should have no problem advertising it since you are taking responsibility for it.


Title: Re: LTC vs. DASH
Post by: smoothie on September 28, 2015, 03:43:05 AM
Either way, it's a losing proposition for an investor who values quality leadership.

Yes, it's terrible to invest in a project where the leader makes decisions that benefit the investors.

I'm pretty sure not ALL investors have been "benefitting" from Dash/Dark/XCOIN/etc since its inception until now.

 ::) ::) ::)



Title: Re: LTC vs. DASH
Post by: smoothie on September 28, 2015, 03:50:06 AM
I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".

100% responsibility would be to donate your stash of the coins to a charity because if you have ill-gotten coins because of a "bug" that you know you should do the right thing and give it up given that it isn't about the money right?

So ""it's required for the success of a cryptocurrency".?

What having an instamine? or having founders with a pretty big % of the total amount of coins?


Title: Re: LTC vs. DASH
Post by: generalizethis on September 28, 2015, 05:02:10 AM
As for what you plan meeting reality and mashing algos together being good crypto, we'll have to agree to disagree.

Yes, lets just talk about this then. How is X11 bad for crypto?

It's used for proof-of-work and protecting our decentralized oracle implementation. How would you use a weakness in one of the 11 algorithms to attack the currency?

Do you also realize if I'm wrong and we got attacked, we would just switch to another algorithm? Just like if SHA256 had issues, the bitcoin team would have to switch as well. Instead of switching out the entire algorithm, we could use 10 hashes instead of 11 as the chain.

Also, speaking of distribution. The whole idea behind inventing X11 was that it would reduce the heat/wear-and-tear on GPUs that were used for mining. This allowed a really long period (...still going after 1.5 years) of hobbyist miners using GPUs to mine Dash.

Had to call on an expert to answer this precisely. But here you go.

"If any one of the hashes in the chain of 11 hashes has a lower entropy then the entire chain does. Say you found this vulnerability and didn't announce it. Instead you could use it to amplify your hashrate. With that you could take unfair levels of mining rewards, or potentially launch double-spend attacks.

Fixing it after the fact also probably means the inability to unwind the damage already done if it had gone on a long time undetected.

So 11 hashes is 11 times more likely to have a vulnerability than 1 hash."


Title: Re: LTC vs. DASH
Post by: illodin on September 28, 2015, 05:46:11 AM
Either way, it's a losing proposition for an investor who values quality leadership.

Yes, it's terrible to invest in a project where the leader makes decisions that benefit the investors.

I'm pretty sure not ALL investors have been "benefitting" from Dash/Dark/XCOIN/etc since its inception until now.

 ::) ::) ::)

Where did I claim that? Please kindly shove your strawman where the sun don't shine.

Also, I'm still waiting for your intervention in the Axiom thread btw. C'mon now, it had ninja launch, instamine amplified with huge instaPoS, instantly on exchanges, dev abandoned the project soon after. Should get your altruistic scam buster juices flowing.

And when you're done with Axiom, I have another one for you: https://bitcointalk.org/index.php?topic=1180846.0;all

You're the self proclaimed scam buster champion with no hidden agendas after all. ::) ::) ::)


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 09:28:40 AM
ther paradox from the instaminer first it was sold as ASIC resistant (the very reason for cloning this mutation) but he is pro ASIC's, go figure.
You're an idiot. It wasn't designed to be resistant forever.


Title: Re: LTC vs. DASH
Post by: btcxyzzz on September 28, 2015, 09:39:34 AM
If you are fine with a man in leadership who is either lying/misleading you about the instamine or didn't have the foresight to see that the instamine would haunt the community and a relaunch would be a simple and efficient means to avoid the situation permanently, then good for you. I just want those who aren't aware of the situation to have all the facts before they invest their money in what is either bad or worse management.

So you are like a crypto angel then that looks out for all the lost souls of the crypto world?
How honorable.
I'm telling you the Time Travel Signups are really looking for people like you.

That's "ad-hominem". generalizethis is completely right. What we have here is a bit of founder's greed and pretty funny statement that 5% in the hands of founders "is required for coin's success". Investor can only hope Ewan doesn't decide he needs yacht at some point ;). In the other hand, more or less distribution with every coin is very unequal and that is true. So you have to consider all the factors involved and decide if and how much do you want to invest.


Title: Re: LTC vs. DASH
Post by: muyuu on September 28, 2015, 09:48:28 AM
How is it required for the coin's success that the founders premine a substantial amount?? Strange logic to say the least.


Title: Re: LTC vs. DASH
Post by: farfiman on September 28, 2015, 10:22:19 AM
How is it required for the coin's success that the founders premine a substantial amount?? Strange logic to say the least.

There are some advantages I guess.... the "benefactors" have a very good reason to support the coin to the best of their abilities meaning bounties,promoting, liquidity and anything else needed to keep it alive. Is this good for the rest of the investors/users is another question. 


Title: Re: LTC vs. DASH
Post by: onemorexmr on September 28, 2015, 10:24:57 AM
ther paradox from the instaminer first it was sold as ASIC resistant (the very reason for cloning this mutation) but he is pro ASIC's, go figure.
You're an idiot. It wasn't designed to be resistant forever.

AFAIK it was?
i witnessed the start of Tenebrix and LTC and both where advertised as ASIC-resistant.


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 10:56:33 AM
ther paradox from the instaminer first it was sold as ASIC resistant (the very reason for cloning this mutation) but he is pro ASIC's, go figure.
You're an idiot. It wasn't designed to be resistant forever.

AFAIK it was?
i witnessed the start of Tenebrix and LTC and both where advertised as ASIC-resistant.
Just think about it. What would happen if it was sha256 or script from the beginning?
ASIC's are needed, but in the later stage of Dash's life.


Title: Re: LTC vs. DASH
Post by: onemorexmr on September 28, 2015, 11:08:12 AM
ther paradox from the instaminer first it was sold as ASIC resistant (the very reason for cloning this mutation) but he is pro ASIC's, go figure.
You're an idiot. It wasn't designed to be resistant forever.

AFAIK it was?
i witnessed the start of Tenebrix and LTC and both where advertised as ASIC-resistant.
Just think about it. What would happen if it was sha256 or script from the beginning?
ASIC's are needed, but in the later stage of Dash's life.


IMHO thats wrong
i think ASICs are the cancer of crypto. i prefer an algorithm which runs perfectly on cpu / gpu and cant be made better on an ASIC (monero tries to do that; but same as with ltc in the beginning: only future will show if thats a success or not).

IMHO asics lead to mining centralization.

one cpu one vote...that would be perfect. (granted cpu only has the "problem" of botnets - which sadly also tend to centralize mining)


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 11:24:55 AM
IMHO thats wrong
i think ASICs are the cancer of crypto. i prefer an algorithm which runs perfectly on cpu / gpu and cant be made better on an ASIC (monero tries to do that; but same as with ltc in the beginning: only future will show if thats a success or not).

IMHO asics lead to mining centralization.

one cpu one vote...that would be perfect. (granted cpu only has the "problem" of botnets - which sadly also tend to centralize mining)
ASIC's are inevitable if there is incentive to make one for a specific algo.
How can you prevent centralization of cpu power? Buying 1000's of them? And there is this "problem" of botnets as you said.
You can't prevent it. ASIC's (like Antminer) has to be cheap enough to run it by 1000's of people at home.
But if it will be a problem for Dash, we can vote for a change in algo or any change to prevent centalization in the future.
Decentralized Governance by Blockchain is fantastic idea.


Title: Re: LTC vs. DASH
Post by: generalizethis on September 28, 2015, 02:34:57 PM
IMHO thats wrong
i think ASICs are the cancer of crypto. i prefer an algorithm which runs perfectly on cpu / gpu and cant be made better on an ASIC (monero tries to do that; but same as with ltc in the beginning: only future will show if thats a success or not).

IMHO asics lead to mining centralization.

one cpu one vote...that would be perfect. (granted cpu only has the "problem" of botnets - which sadly also tend to centralize mining)
ASIC's are inevitable if there is incentive to make one for a specific algo.
How can you prevent centralization of cpu power? Buying 1000's of them? And there is this "problem" of botnets as you said.
You can't prevent it. ASIC's (like Antminer) has to be cheap enough to run it by 1000's of people at home.
But if it will be a problem for Dash, we can vote for a change in algo or any change to prevent centalization in the future.
Decentralized Governance by Blockchain is fantastic idea.

Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 28, 2015, 03:06:30 PM
IMHO thats wrong
i think ASICs are the cancer of crypto. i prefer an algorithm which runs perfectly on cpu / gpu and cant be made better on an ASIC (monero tries to do that; but same as with ltc in the beginning: only future will show if thats a success or not).

IMHO asics lead to mining centralization.

one cpu one vote...that would be perfect. (granted cpu only has the "problem" of botnets - which sadly also tend to centralize mining)
ASIC's are inevitable if there is incentive to make one for a specific algo.
How can you prevent centralization of cpu power? Buying 1000's of them? And there is this "problem" of botnets as you said.
You can't prevent it. ASIC's (like Antminer) has to be cheap enough to run it by 1000's of people at home.
But if it will be a problem for Dash, we can vote for a change in algo or any change to prevent centalization in the future.
Decentralized Governance by Blockchain is fantastic idea.

Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.

Another assumption. I bought mine masternodes. Does it make me an instaminer?

I know you prefer to be a communist  ;)

Ah, and look at Bitcoin. See what is happening? Dash learnt a lot from it.


Title: Re: LTC vs. DASH
Post by: generalizethis on September 28, 2015, 03:37:19 PM
IMHO thats wrong
i think ASICs are the cancer of crypto. i prefer an algorithm which runs perfectly on cpu / gpu and cant be made better on an ASIC (monero tries to do that; but same as with ltc in the beginning: only future will show if thats a success or not).

IMHO asics lead to mining centralization.

one cpu one vote...that would be perfect. (granted cpu only has the "problem" of botnets - which sadly also tend to centralize mining)
ASIC's are inevitable if there is incentive to make one for a specific algo.
How can you prevent centralization of cpu power? Buying 1000's of them? And there is this "problem" of botnets as you said.
You can't prevent it. ASIC's (like Antminer) has to be cheap enough to run it by 1000's of people at home.
But if it will be a problem for Dash, we can vote for a change in algo or any change to prevent centalization in the future.
Decentralized Governance by Blockchain is fantastic idea.

Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.

Another assumption. I bought mine masternodes. Does it make me an instaminer?

I know you prefer to be a communist  ;)

Ah, and look at Bitcoin. See what is happening? Dash learnt a lot from it.

Another assumption.

I know you prefer to be a dumbass.  ;)

I assume the guys who instamined 1.5 million coins in two days are disingenuous and the lack of proof of fair distribution means that i have to trust them in order to assume the distribution is spread out enough to be decentralized. Excuse me if i find this scenario laughable, naive, chimerical or stupid.


Title: Re: LTC vs. DASH
Post by: toknormal on September 28, 2015, 03:39:51 PM

Excuse me if i find this scenario laughable, naive, chimerical or stupid.

You are excused.


Title: Re: LTC vs. DASH
Post by: smooth on September 28, 2015, 11:32:18 PM
IMHO thats wrong
i think ASICs are the cancer of crypto. i prefer an algorithm which runs perfectly on cpu / gpu and cant be made better on an ASIC (monero tries to do that; but same as with ltc in the beginning: only future will show if thats a success or not).

IMHO asics lead to mining centralization.

one cpu one vote...that would be perfect. (granted cpu only has the "problem" of botnets - which sadly also tend to centralize mining)
ASIC's are inevitable if there is incentive to make one for a specific algo.
How can you prevent centralization of cpu power? Buying 1000's of them? And there is this "problem" of botnets as you said.
You can't prevent it. ASIC's (like Antminer) has to be cheap enough to run it by 1000's of people at home.
But if it will be a problem for Dash, we can vote for a change in algo or any change to prevent centalization in the future.
Decentralized Governance by Blockchain is fantastic idea.

Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.

It might, but I'm not sure. Voting tends to be centralizing since voting power is increasing returns in the number of votes you can control or influence. https://en.wikipedia.org/wiki/Shapley–Shubik_power_index

Democracy attempts avoid this by forbidding selling of votes, but as we all know that it is at best imperfect.

I think I lean toward the only possible system that may avoid being captured by a power elite is satoshi's ideal of setting as much "in stone" in possible and letting the market flow around those immovables.

Depending on your opinion as to the objectives of cryptocurrency that may be the only part that actually matters.

LTC captures this ideal better than DASH, especially given the history of not replacing the PoW in response to ASICs, shifting focus away from "features" etc. The culture of LTC seems pretty well grounded in not changing a lot of things. I'm not really a fan of LTC overall, but I see some things to admire about it.

Also, I find Evan's comment (in the "interview") that calls LTC a failure because the founder wasn't sufficiently incentivized and left to be bizarre especially since LTC has almost 10x the market cap of DASH and also because it contradicts the Bitcoin (300x DASH market cap) example as well. Satoshi was apparently well incentivized and left anyway (and his leaving did not preclude the system succeeding without him).

Overall Evan seems quite confused about the differences between a currency and company stock. Here is one. Aside from marginal liquidity effects, widespread distribution of a company stock has little to no bearing on the success of the company, in fact it can sometimes be a negative. There are many examples of successful privately held or closely held companies, as well companies that were once public but improve their performance after going private. None of these make any sense at all for a currency. A currency derives all or nearly all of its value from its distribution. You can't have a privately held currency with any value at all.

That said, the things people are doing with blockchain-based virtual corporations are interesting and potentially may amount to something, but I doubt their success, if any, will be found in the area of currency.


Title: Re: LTC vs. DASH
Post by: Minotaur26 on September 29, 2015, 02:42:24 PM
IMHO thats wrong
i think ASICs are the cancer of crypto. i prefer an algorithm which runs perfectly on cpu / gpu and cant be made better on an ASIC (monero tries to do that; but same as with ltc in the beginning: only future will show if thats a success or not).

IMHO asics lead to mining centralization.

one cpu one vote...that would be perfect. (granted cpu only has the "problem" of botnets - which sadly also tend to centralize mining)
ASIC's are inevitable if there is incentive to make one for a specific algo.
How can you prevent centralization of cpu power? Buying 1000's of them? And there is this "problem" of botnets as you said.
You can't prevent it. ASIC's (like Antminer) has to be cheap enough to run it by 1000's of people at home.
But if it will be a problem for Dash, we can vote for a change in algo or any change to prevent centalization in the future.
Decentralized Governance by Blockchain is fantastic idea.

Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.
...snip...

Overall Evan seems quite confused about the differences between a currency and company stock. Here is one. Aside from marginal liquidity effects, widespread distribution of a company stock has little to no bearing on the success of the company, in fact it can sometimes be a negative. There are many examples of successful privately held or closely held companies, as well companies that were once public but improve their performance after going private. None of these make any sense at all for a currency. A currency derives all or nearly all of its value from its distribution. You can't have a privately held currency with any value at all.

That said, the things people are doing with blockchain-based virtual corporations are interesting and potentially may amount to something, but I doubt their success, if any, will be found in the area of currency.

I don't think that Evan is confused between the currency properties of a digital token and the share properties, in which early adopters of digital currency tokens look at them as an investment with an expectation of future returns.  I think is clear that digital currencies exhibit both aspects. You can see this manifested on ICOs and early investment in new coin projects with no intention of use.

Wide spread adoption in which distribution and network effects are the main source of value are the ultimate goal of a digital currency project, but in early stages of its development it needs an organized group of people behind it that will work on its development, hold coins as an investment and educate the public about its benefits. Without this it may prove too hard to reach critical mass and develop strong enough network effects that would allow the currency to live on indefinitely without official development and promotion.

In the case of LTC it may be that they already went past the point where they would need organized development and promotion and may just continue to spread based on word of mouth, momentum and network effects. I don't believe that is the case but that is a possibility.

I personally don't think even Bitcoin has reached the point where it does not need organized development and promotion. Most people investing into Bitcoin even now, are doing exactly that "investing". Until we reach the point where a large enough percentage of the people interacting with the system are just users with no expectation of return we still need to act as a form of decentralized autonomous organization that is developing and refining its digital currency solution and growing its user base until it reaches critical mass and can sustain on its own.

 I would venture to say that no person actively participating in a particular currency forum/community, at the moment, considers himself to be the target market of the solution.  Most people would consider themselves to be investors or members of the decentralized organization looking to develop and promote the solution. Reality is we are all both, we are the users (target market) and we are the developers (organization behind it)  so it is important to understand this and find balance if a project is to endure.

Dash is not a finished product, it is in development, we have a clear idea of where we are going now but we are not there yet, so it is not ready to be stable it still needs to be highly dynamic and continue to evolve.  If someone is joining the project at this stage, that person is definitely coming more from the investment side than from the end user side of things. So having structure around these group of volunteers that are more members of the decentralized organization than end users will help develop the platform and take it to the point where it is ready for regular users to adopt.

All cryptocurrecy projects are experiments at this point. We strongly believe we are coming up with a model that is sustainable and promotes slow organic growth. I guess we will see what happens.



Title: Re: LTC vs. DASH
Post by: AdamWhite on September 29, 2015, 04:03:01 PM
Evan is obviously very confused about many things. His responses in this thread are laughable and essentially boil down to the following excuses:
 
-Satoshi has lots of Bitcoins
-Corporations are instamined

Nevermind that Satoshi mined his Bitcoins. He didn't change the reward or total supply. He didn't instamine 1.5 million in the first 8 hours and then drastically reduce the block reward from 500 to 5, and lower total supply from 84 million to 21 million  ::)

Like I said in my previous post, it's very clear to anyone with a brain that the instamine was intentional. Anyone promoting or even talking about "Dash" as if it's a legit coin is either uninformed or scam defending.

Minotaur26's opinions boil down to 'buy Dash' and 'use as many words as possible to deflect away from the intentional instamine'.


https://i.imgur.com/uoKRgd6.png


Title: Re: LTC vs. DASH
Post by: eduffield on September 29, 2015, 04:03:53 PM
Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.

In the end we're all going after the same thing, a replacement for fiat, that can't corrupted or controlled by any single entity.

Requirements:
- Fungibility - All units of the current must be interchangeable (after sending coins they shouldn't have history attached)
- Speed - The currency must be able to compete with credit cards (1-5 second double-spend proof confirmations)
- Governance - The currency must be governed in a decentralized and decisive way
- Funding - The currency must have a permanent decentralized funding source for development, marketing, legal, etc
- Scalability - The currency must be able to scale to billions of transactions per day with 100% decentralization
- Ease Of Use - The currency must be usable by normal every day people

We're working on solving these problems, how's your progress going? If you don't like the instamine, go start a project and compete with our ideas with other fresh and new ideas. If you aren't trying to solve these problems, why are you here?


Title: Re: LTC vs. DASH
Post by: PoS on September 29, 2015, 05:29:24 PM
Doesn't OP know Dash is a certified instamined scam, or is he a scam pusher?
Dash tarts even proclaiming Dash to be the new Cash scam. There is literally thousands of better coins around without the unwanted instamine which by the way has grown from 2000 masternotes to 2700 thanks by robbing miners and take 45% of there pay-check.
Some sick  rigged  (http://www.urbandictionary.com/define.php?term=rigged&defid=3717021) system.


Title: Re: LTC vs. DASH
Post by: generalizethis on September 29, 2015, 06:43:54 PM
Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.

In the end we're all going after the same thing, a replacement for fiat, that can't corrupted or controlled by any single entity.

Requirements:
- Fungibility - All units of the current must be interchangeable (after sending coins they shouldn't have history attached)
- Speed - The currency must be able to compete with credit cards (1-5 second double-spend proof confirmations)
- Governance - The currency must be governed in a decentralized and decisive way
- Funding - The currency must have a permanent decentralized funding source for development, marketing, legal, etc
- Scalability - The currency must be able to scale to billions of transactions per day with 100% decentralization
- Ease Of Use - The currency must be usable by normal every day people

We're working on solving these problems, how's your progress going? If you don't like the instamine, go start a project and compete with our ideas with other fresh and new ideas. If you aren't trying to solve these problems, why are you here?

Sorry if pointing out the flaws in your leadership and design get in the way of your narrative. But I'm here to support an honest attempt at digital cash. I know why you're here and that's why I'm not letting you off the hook for the instamine or the strategic blunder of not relaunching.

 


Title: Re: LTC vs. DASH
Post by: iCEBREAKER on September 29, 2015, 07:09:36 PM
Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.

In the end we're all going after the same thing, a replacement for fiat, that can't corrupted or controlled by any single entity.

Requirements:

- Governance - The currency must be governed in a decentralized and decisive way

We're working on solving these problems, how's your progress going? If you don't like the instamine, go start a project and compete with our ideas with other fresh and new ideas. If you aren't trying to solve these problems, why are you here?

Dash doesn't solve any problems, it just copies features from Bitcoin and renames its cargo cult bamboo versions with original-sounding marketing-speak titles.  The only problems Dash is working on is how to "win a gold donkey" and "exploit every possible vector of profit in the coins space."

It's a red flag when people invoke hoary platitudes like "in the end" or "at the end of the day."  That's their cheap, flimsy way to impute conclusiveness, without the logical rigor actually required.

At least Evan Scamfield has started openly admitting to the instamine, although he had no choice (thanks to Adam White, etc) and that's just a way to deflect from its premine-like aspects.

But vertoe, a former Darkcoin core dev, adamantly disputes Scamfield's claims of "can't corrupted or controlled by any single entity" and "governed in a decentralized and decisive way."

i left because i disagree darkcoin or however it will be called next year is not a decentralized entity. it never was but i ignored it as long as darkcoin was following the same path i was following.

this currency is lead by a single person. darkcoin is like an old conservative company with strong hierarchical command structures and a single person on the top of the pyramid. evan duffield. the rebranding using a detergent name was just a step forward in creating something like apple or paypal.

fuck this i tell you. what we need is a trustless, decentralized and anonymous currency. darkcoin is not decentralized as it still relies on a single person. and this reaches deep into the code base.

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

the extended darkcoin team was the same with even a lower place to sit on that pyramid. and what was the darkcoin foundation again? right, something to reserve some rights on some names and collect money. who nominated and voted for the foundation board? who does even know who are these guys? how did we learn about the foundation? from local news papers!

the team listings kept counting names of people nobody ever noticed before. and they never committed anything visible to the community or the repository. and i was spending 25 hours a day monitory everything that happened in the darkcoin community for more than a year.

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

i will get out and and will contribute to something decentralized and anonymous. i always hoped darkcoin could fill that void. i cant blame anyone to stay with this project. you are probably investors trying to win a gold donkey. or you are simply trying to exploit every possible vector of profit in the coins space. whatever. you are not here because darkcoin is something it claims to be.

if you disagree with my statement above, i dont care, but answer that simple question: what if evan duffield suddenly announces he quits the project tomorrow morning?

vertoe's "oligarchy of instaminers" confirming whistleblower report is supported by noted Bitcoin core dev Peter Todd.

Peter Todd calls dash "snake oil." (https://bitcointalk.org/index.php?topic=1126927.0)

Peter Todd calls dash's instant-x fake. (https://bitcointalk.org/index.php?topic=1128572.0)

Peter Todd calls dash "bad crypto." (https://bitcointalk.org/index.php?topic=1129446.0)


Title: Re: LTC vs. DASH
Post by: UserVVIP on September 29, 2015, 07:59:29 PM
I think bitcoin is the best because it is the original.

k thx bai.


Title: Re: LTC vs. DASH
Post by: nzminer on September 29, 2015, 08:31:04 PM
TBH, both coins dont interest me much, mainly for two reasons.

Litecoin is basically bitcoin with shorter block time and more coin supply. Little innovation other than that improvement over BTC.

Still doesnt solve the problems with instant transactions, but is a good solid coin, but still doesnt interest me for future growth.

Dash, on the other hand, has far more improvements, privacy added and instantX, which was a good improvement on transaction times.

However, its still very centralised to keep the masternodes in sync, relying on Evan's reference node to keep everything in check.

The instamine was also something that shed a bad light on the coin, very unfair distribution, this will never go away.
Their community is very cult like and its all gone to everyones head that their coin is the best, they almost worship Evan. lol

Thats my personal view anyway.
I dont like investing on crappy altcoins driven by hype (im not implying litecoin is) but 99% of them are, when DRK launched the hype around it drove the price to ridiculous amounts of money, then it crashed after everyone dumped it etc.

If you want some real solid investment, look to NXT and NEM, they are the only two projects that i feel are delivering currently.
Such 2.0 projects designed from the ground up with future in mind are the only way forward

Ethereum was another project that made promises but has not delivered, its on the verge of a scam, since they raised alot of money and now its pretty much all gone. I could have said that all the way along, im glad i did not touch it.


Title: Re: LTC vs. DASH
Post by: nzminer on September 29, 2015, 08:34:34 PM

But vertoe, a former Darkcoin core dev, adamantly disputes Scamfield's claims of "can't corrupted or controlled by any single entity" and "governed in a decentralized and decisive way."

i left because i disagree darkcoin or however it will be called next year is not a decentralized entity. it never was but i ignored it as long as darkcoin was following the same path i was following.

this currency is lead by a single person. darkcoin is like an old conservative company with strong hierarchical command structures and a single person on the top of the pyramid. evan duffield. the rebranding using a detergent name was just a step forward in creating something like apple or paypal.

fuck this i tell you. what we need is a trustless, decentralized and anonymous currency. darkcoin is not decentralized as it still relies on a single person. and this reaches deep into the code base.

i will get out and and will contribute to something decentralized and anonymous. i always hoped darkcoin could fill that void. i cant blame anyone to stay with this project. you are probably investors trying to win a gold donkey. or you are simply trying to exploit every possible vector of profit in the coins space. whatever. you are not here because darkcoin is something it claims to be.

if you disagree with my statement above, i dont care, but answer that simple question: what if evan duffield suddenly announces he quits the project tomorrow morning?


This dev seriously needs to join NXT or NEM, and he will take things places!  ;D


Title: Re: LTC vs. DASH
Post by: smooth on September 29, 2015, 08:41:25 PM
In the case of LTC it may be that they already went past the point where they would need organized development and promotion and may just continue to spread based on word of mouth, momentum and network effects. I don't believe that is the case but that is a possibility.

LTC has organized development, but it is more focused on incremental improvements and maintenance. I'm not an LTCer so I may be misstating this, but I think what they would say is that they have past the point where they need major initiatives on new features and governance to manage those initiatives, because the essential properties of the asset are already defined. The normal essentially-voluntary open source development model which has given us great operating systems, database, compilers, web servers, network infrastructure, etc. and runs the whole damn internet world at this point works just fine for this approach, and it seems to be working fine for LTC too.

Let's not assume that just because BTC specifically can't seem to get its shit together (likely for its own project-specific reasons), voluntary open source financial core infrastructure can't or won't work and we all need to start creating currency-corporation-hybrids with masternodes and governance.

As for investing, the distinction between a currency or native asset and a corporation is important and too easily glossed over. You can invest in gold, and most who buy gold are investing, but there is no governance and you get no voting rights. You don't even get voting rights, nor a say in "governance", if you have 1000 ounces of gold! If you want voting rights, you can buy shares in gold-ecosystem companies, but that is distinct from buying gold itself. Importantly, people decide for themselves which role they want, and people with no interest in being part of the machine aren't effectively charged a fee/inflation for sitting out (as is the case in Dash).

Corporations do of course need governance and voting because the active managers of the assets of the company are separate from the passive owners (principal-agent problem), not because it is an investment. A currency or asset, in and of itself, does not need governance and voting.

There is at least one project in cryptocurrency whose organizers seem to have understood this concept far better than Dash's. Sia has are two tokens, one for shares in the project (which earns royalty dividends from some forms of network activity) and another, separate token for currency purposes. The first token was 100% premined, like a corporation, and then nearly all sold via crowdfunding to raise money for development. (I probably would have sold less of it up front but I'm sure they had their reasons.) The currency token is simply fair mined (there was a tiny premine of <1 day of blocks -- not sure why they even did that, but maybe for technical reasons) without all the extra baggage of massive premine/instamine, voting, governance, etc. that is no interest whatsoever to users of a currency. (I don't know a lot about the project so this is not an endorsement of anything other than their clearheaded understanding of the share/coin distinction.)

Dash to me seems not quite sure of what the hell it want to be. With one foot in each of these distinct roles, it is able to serve neither particularly well (and indeed is trying to claim that an "accidental" instamine created this wonderful hybrid structure, so it is now a feature, but it looks a lot more like rationalization to me).



Title: Re: LTC vs. DASH
Post by: iCEBREAKER on September 29, 2015, 09:45:32 PM
Litecoin is basically bitcoin with shorter block time and more coin supply. Little innovation other than that improvement over BTC.

Still doesnt solve the problems with instant transactions, but is a good solid coin, but still doesnt interest me for future growth.

Dash, on the other hand, has far more improvements, privacy added and instantX, which was a good improvement on transaction times

Dash's "improvements" are bad copies of Bitcoin innovations given a coat of paint and new names.

Honest: "green addresses:
Dishonest: new & improved "instantX"

Litecoin is the best of first gen alts.  It was designed by an engineer, with the benefit of hindsight thanks to Bitcoin's first mover example.

The trivial shorter block time and "more" coin supply aren't LTC's raison d'etre.  You missed the most important clue...LTC's different PoW.

LTC's "little innovation over BTC" is an outstanding feature, not a bug.  BTC needs a highly compatible, hot-swappable complement that is different enough to remain unaffected by governance coups/SHA 0days/catastrophic consensus failure.  BTC investors need a good hedge against Something Bad happening to BTC.

BTC needs LTC like gold needs silver, and like a car needs to carry around a spare tire.  It seems useless (zomg that spare tire offer little innovation over my real tires, it's just a crappy dinky rip-off version) until you have a blow-out or flat and suddenly need it to get out of the desert.

LTC is also the most natural beneficiary of BTC tx overflow.  It's fast and very secure, thanks to ASICs sprinkled around the world.

Best of all, LTC wasn't insta-mined by a scam dev that lied about the launch date, and thus enjoys a widespread distribution/vibrant ecosystem second only to BTC.  Unlike Dash, LTC's actual emission exactly matches the theoretical.



LTC has organized development, but it is more focused on incremental improvements and maintenance. I'm not an LTCer so I may be misstating this, but I think what they would say is that they have past the point where they need major initiatives on new features and governance to manage those initiatives, because the essential properties of the asset are already defined. The normal essentially-voluntary open source development model which has given us great operating systems, database, compilers, web servers, network infrastructure, etc. and runs the whole damn internet world at this point works just fine for this approach, and it seems to be working fine for LTC too.

Let's not assume that just because BTC specifically can't seem to get its shit together (likely for its own project-specific reasons), voluntary open source financial core infrastructure can't or won't work and we all need to start creating currency-corporation-hybrids with masternodes and governance.

Dash to me seems not quite sure of what the hell it want to be. With one foot in each of these distinct roles, it is able to serve neither particularly well (and indeed is trying to claim that an "accidental" instamine created this wonderful hybrid structure, so it is now a feature, but it looks a lot more like rationalization to me).

#R3KT


Title: Re: LTC vs. DASH
Post by: patrolman on September 29, 2015, 09:47:52 PM

However, its still very centralised to keep the masternodes in sync, relying on Evan's reference node to keep everything in check.


The reference node is gone. iCEBREAKER and AdamWhite could confirm if they were honest - it is one less thing they've had to drone on and on about.


Title: Re: LTC vs. DASH
Post by: iCEBREAKER on September 29, 2015, 09:59:02 PM

However, its still very centralised to keep the masternodes in sync, relying on Evan's reference node to keep everything in check.


The reference node is gone. iCEBREAKER and AdamWhite could confirm if they were honest - it is one less thing they've had to drone on and on about.

The reference node can be brought back any time eduffield feels like it.  Who would stop him?  His cargo cult?  Ya, right...  ::)

The fact there was a reference node in the first place shows eduffield gives zero fucks about decentralization, privacy, and security.  For him, it's about selling soap on the blockchain by creating yet another uninteresting retail payment rail.

That's exactly why vertoe left the Dash core dev team (https://bitcointalk.org/index.php?topic=421615.msg10925445#msg10925445), and didn't come back when the reference node was replaced by some other form of unproven (probably shitty) homespun software.


Title: Re: LTC vs. DASH
Post by: patrolman on September 29, 2015, 10:12:41 PM
The reference node is gone. It must be time for yet another vertoe or Peter Todd spiel


Title: Re: LTC vs. DASH
Post by: Lukas_Jackson on September 29, 2015, 11:51:06 PM
These pathetic, low-life scumbags didn't do anything good in their life and they won't let anybody to even try to do something right.

One scumbag, iCEBREAKER, even repeatedly quote another scumbag, vertoe. Can you even give me a credible source?

You, monero guys are without shame. Your psy-ops are childish. I guess this is your job now.

Bad, big Dash is here to stay and won't go away.


Title: Re: LTC vs. DASH
Post by: illodin on September 30, 2015, 02:19:41 AM
Dash, on the other hand, has far more improvements, privacy added and instantX, which was a good improvement on transaction times

Dash's "improvements" are bad copies of Bitcoin innovations given a coat of paint and new names.

Honest: "green addresses:
Dishonest: new & improved "instantX"

Except that green addresses work only for trusted predefined parties (good luck trying to get trusted if you're an individual) whereas instantX is decentralized, trustless, and works for everyone.



Let's not assume that just because BTC specifically can't seem to get its shit together (likely for its own project-specific reasons), voluntary open source financial core infrastructure can't or won't work and we all need to start creating currency-corporation-hybrids with masternodes and governance.
#R3KT

Yes, let's try once more to do it like Bitcoin like all the hundreds of altcoin projects alredy have maybe this time it'll work. Cryptocurrencies differ from many open source projects because money is inherently involved. This changes a lot of things. What has sometimes (most projects fail after all) worked in a non-profit environment doesn't mean will work when it's a competitive environment that is about money.


Title: Re: LTC vs. DASH
Post by: illodin on September 30, 2015, 02:21:06 AM
Dash, on the other hand, has far more improvements, privacy added and instantX, which was a good improvement on transaction times.

However, its still very centralised to keep the masternodes in sync, relying on Evan's reference node to keep everything in check.

The reference node was just a temporary thing to support the network while the real functionality was being developed. It's ready now, and the reference node has been dropped a while ago.


Title: Re: LTC vs. DASH
Post by: illodin on September 30, 2015, 02:22:15 AM
Yes, this would be a fantastic idea if dash wasn't an oligarchy of instaminers.

In the end we're all going after the same thing, a replacement for fiat, that can't corrupted or controlled by any single entity.

Requirements:
- Fungibility - All units of the current must be interchangeable (after sending coins they shouldn't have history attached)
- Speed - The currency must be able to compete with credit cards (1-5 second double-spend proof confirmations)
- Governance - The currency must be governed in a decentralized and decisive way
- Funding - The currency must have a permanent decentralized funding source for development, marketing, legal, etc
- Scalability - The currency must be able to scale to billions of transactions per day with 100% decentralization
- Ease Of Use - The currency must be usable by normal every day people

We're working on solving these problems, how's your progress going? If you don't like the instamine, go start a project and compete with our ideas with other fresh and new ideas. If you aren't trying to solve these problems, why are you here?

Sorry if pointing out the flaws in your leadership and design get in the way of your narrative. But I'm here to support an honest attempt at digital cash. I know why you're here and that's why I'm not letting you off the hook for the instamine or the strategic blunder of not relaunching.

And I know why you're here too - to desperately justify your ever heavier bag of attempt at digital cash one trick pony addressing only 1/6th of the requirements listed.


Title: Re: LTC vs. DASH
Post by: iCEBREAKER on September 30, 2015, 04:22:44 AM
Dash, on the other hand, has far more improvements, privacy added and instantX, which was a good improvement on transaction times.

However, its still very centralised to keep the masternodes in sync, relying on Evan's reference node to keep everything in check.

The reference node was just a temporary thing to support the network while the real functionality was being developed. It's ready now, and the reference node has been dropped a while ago.

The reference node can be brought back any time eduffield feels like it.  Who would stop him?  His cargo cult?  Ya, right...   ::)

The fact there was a reference node in the first place shows eduffield gives zero fucks about decentralization, privacy, and security.  For him, it's about selling soap on the blockchain by creating yet another uninteresting retail payment rail.


Title: Re: LTC vs. DASH
Post by: stealth923 on September 30, 2015, 04:36:20 AM
Waffle

Umm why the hell would Evan bring back the reference node, do you have a reason or fact as to why he would or are you talking out of your ass again? The reference node was always a stop gap and the team spent a long time optimizing the code to remove it as decentralization was always the end goal. Guess what, its gone and we are moving forward. You can keep harping on about something happened over 1.5 years ago....you look like an idiot haha

I think you better quickly go drum up some support for MuNer0...maybe you can teach them how to use a command line interface??



Title: Re: LTC vs. DASH
Post by: generalizethis on September 30, 2015, 05:17:52 AM
Waffle

Umm why the hell would Evan bring back the reference node, do you have a reason or fact as to why he would or are you talking out of your ass again? The reference node was always a stop gap and the team spent a long time optimizing the code to remove it as decentralization was always the end goal. Guess what, its gone and we are moving forward. You can keep harping on about something happened over 1.5 years ago....you look like an idiot haha

I think you better quickly go drum up some support for MuNer0...maybe you can teach them how to use a command line interface??



I'm not sure you get that people who can use command line supporting Monero is a good thing. A coin whose support base is a bunch of ignorant, greedy, and technically inept blow-hards, is not.

By the way, Illodin, check the text under my avatar; that's the qualifications for an e-cash and dash doesn't meet any of them.

And Evan, aren't you going comment on x-11's flaws? Someone went to the trouble of pointing them out for you, at least you could acknowledge the effort.


Title: Re: LTC vs. DASH
Post by: BagHolder010 on September 30, 2015, 06:45:18 AM
Waffle

Umm why the hell would Evan bring back the reference node, do you have a reason or fact as to why he would or are you talking out of your ass again? The reference node was always a stop gap and the team spent a long time optimizing the code to remove it as decentralization was always the end goal. Guess what, its gone and we are moving forward. You can keep harping on about something happened over 1.5 years ago....you look like an idiot haha

I think you better quickly go drum up some support for MuNer0...maybe you can teach them how to use a command line interface??



I'm not sure you get that people who can use command line supporting Monero is a good thing. A coin whose support base is a bunch of ignorant, greedy, and technically inept blow-hards, is not.

By the way, Illodin, check the text under my avatar; that's the qualifications for an e-cash and dash doesn't meet any of them.

And Evan, aren't you going comment on x-11's flaws? Someone went to the trouble of pointing them out for you, at least you could acknowledge the effort.

Evan does not have to reply to you again you pathetic Monero loser, crying about x11 or Masternodes or instantX or Darksend or ....yes I can go for far long. Look at how coins everyday popping up using x11 Masternodes copying what Evan has created....now take a look at Monero what did it create and who copied it? EXACTLY NO ONE...NO ONNNNNE. Do you know why no one copies Monero you loser? Because you're developers including the NO GOOD CRY'P*TO about it into forums developer Smooth and FluffyPony CAN'T CODE SHITTTTT.


At the end you can BARK all you want at Evan, from you generalizethis, PoS, AdamWhite, Smooth, iCEbreaker the hashfast scammer...you are all here to taint an ocean that much bigger than any coder in Monero.

Here is a tip didn't Monero had a big PR going on that will take over China's market lol it's been months now go work more on that...it seems everything in Monero takes time but nothing yet to happen just like you're GUI wallet and basically EVERYTHING ELSE...stop waiting for Bytecoin developers to code you losers.


Title: Re: LTC vs. DASH
Post by: illodin on September 30, 2015, 08:09:23 AM
Dash, on the other hand, has far more improvements, privacy added and instantX, which was a good improvement on transaction times.

However, its still very centralised to keep the masternodes in sync, relying on Evan's reference node to keep everything in check.

The reference node was just a temporary thing to support the network while the real functionality was being developed. It's ready now, and the reference node has been dropped a while ago.

The reference node can be brought back any time eduffield feels like it.  Who would stop him?  His cargo cult?  Ya, right...   ::)

If the majority agrees, anything can be done. Just like Bitcoin could 10x its emission. It would require a hard fork now though and wouldn't make any sense as a decentralized solution has been implemented and deployed.


The fact there was a reference node in the first place shows eduffield gives zero fucks about decentralization, privacy, and security.  For him, it's about selling soap on the blockchain by creating yet another uninteresting retail payment rail.

That is your take on the matter. Someone else's might be it just shows he likes to get things done.


Title: Re: LTC vs. DASH
Post by: stealth923 on September 30, 2015, 08:19:43 AM
Waffle

Umm why the hell would Evan bring back the reference node, do you have a reason or fact as to why he would or are you talking out of your ass again? The reference node was always a stop gap and the team spent a long time optimizing the code to remove it as decentralization was always the end goal. Guess what, its gone and we are moving forward. You can keep harping on about something happened over 1.5 years ago....you look like an idiot haha

I think you better quickly go drum up some support for MuNer0...maybe you can teach them how to use a command line interface??



I'm not sure you get that people who can use command line supporting Monero is a good thing. A coin whose support base is a bunch of ignorant, greedy, and technically inept blow-hards, is not.

By the way, Illodin, check the text under my avatar; that's the qualifications for an e-cash and dash doesn't meet any of them.

And Evan, aren't you going comment on x-11's flaws? Someone went to the trouble of pointing them out for you, at least you could acknowledge the effort.

Then thats the only community you will have - a very "select" few people who can use a command line....and that's where you will stay...think small, stay small....in Monero's case the proof is in the pudding.

Again with Muner0 has anonymity as its ONLY feature you are trying to market (that you stole from ByteCoin)....it takes ALOT more than that to make a currency....think small, stay small.....


Title: Re: LTC vs. DASH
Post by: generalizethis on September 30, 2015, 12:56:08 PM
Waffle

Umm why the hell would Evan bring back the reference node, do you have a reason or fact as to why he would or are you talking out of your ass again? The reference node was always a stop gap and the team spent a long time optimizing the code to remove it as decentralization was always the end goal. Guess what, its gone and we are moving forward. You can keep harping on about something happened over 1.5 years ago....you look like an idiot haha

I think you better quickly go drum up some support for MuNer0...maybe you can teach them how to use a command line interface??



I'm not sure you get that people who can use command line supporting Monero is a good thing. A coin whose support base is a bunch of ignorant, greedy, and technically inept blow-hards, is not.

By the way, Illodin, check the text under my avatar; that's the qualifications for an e-cash and dash doesn't meet any of them.

And Evan, aren't you going comment on x-11's flaws? Someone went to the trouble of pointing them out for you, at least you could acknowledge the effort.

Then thats the only community you will have - a very "select" few people who can use a command line....and that's where you will stay...think small, stay small....in Monero's case the proof is in the pudding.

Again with Muner0 has anonymity as its ONLY feature you are trying to market (that you stole from ByteCoin)....it takes ALOT more than that to make a currency....think small, stay small.....

Think flawed, stay flawed.  ;)


Title: Re: LTC vs. DASH
Post by: BurstIncomeAsset on September 30, 2015, 10:14:50 PM
Even if LTC is a copycat of BTC and has absolutely no other value other than itself as a medium of exchange, I think LTC is better than DASH.

Dash and all new crypto projects are too fragile, and could contain bugs. While simple original coins have already been debugged. It's simple as that.


New features? Anonymity?  That will need more time to be developed and bug-tested.


Title: Re: LTC vs. DASH
Post by: AdamWhite on October 01, 2015, 11:05:24 PM




You try hard but it's obvious LTC is just there so you can pretend to compare them. Your bias is evident.

This thread is a perpetual advertisement for an instamined shitcoin scam with zero credibility.


Title: Re: LTC vs. DASH
Post by: iCEBREAKER on October 06, 2015, 02:42:55 AM
I love how the classic dashtard defence to scam accusations is to attack

You can't possibly defend against all the deception and fraud coming from your cult leader so you attack the whistleblower.

The scam is clear to everyone who cares to look. No matter how much EvanTheInstascammer tries to sweep it under the rug, and Mr Goy tries his hardest to convince people Dash is actually relevant, it will still be a shitcoin scam built from the ground up on deception and fraud.

That's the path Evan chose and it's a decision he'll have to live with.

The DashHoles are pretty funny that way.

Joe Bitcoin:  "What's with this massive instamine?  Why not relaunch after such a fiasco?"

DashHole:  "ZOMG U STOLE A CANDY BAR WHEN U WERE FIVE!!!1!  AND U TORE THE TAG OFF A MATTRESS!!11!"

I'm really enjoying watching them defend Crapsea from the Coinfire expose.

We know Dash is Paycoin 2.0, they know Dash is Paycoin 2.0, and they know we know, so that makes things very fun!   :D


Title: Re: LTC vs. DASH
Post by: BurstIncomeAsset on November 28, 2015, 05:47:13 AM

The DashHoles are pretty funny that way.

Joe Bitcoin:  "What's with this massive instamine?  Why not relaunch after such a fiasco?"

DashHole:  "ZOMG U STOLE A CANDY BAR WHEN U WERE FIVE!!!1!  AND U TORE THE TAG OFF A MATTRESS!!11!"

I'm really enjoying watching them defend Crapsea from the Coinfire expose.

We know Dash is Paycoin 2.0, they know Dash is Paycoin 2.0, and they know we know, so that makes things very fun!   :D

LTC is established.

And Monero is better than DASH.

Isnt it?


Title: Re: LTC vs. DASH
Post by: qwizzie on November 28, 2015, 03:15:27 PM
Wasn't this thread locked by OP some time ago ? To be continued in LTC and Dash own threads  ? (because Monero trolls were overrunning this thread?)


Title: Re: LTC vs. DASH
Post by: DrkLvr_ on December 06, 2015, 03:05:36 PM
Place your bets now gentlemen....


My bet is you know nothing about trading or technical analysis


Title: Re: LTC vs. DASH
Post by: qwizzie on December 06, 2015, 03:18:42 PM
Place your bets now gentlemen....


My bet is you know nothing about trading or technical analysis

My bet is that you are a sad little troll that jumps in any Dash related thread to either attack Dash or the OP,  but i understand .. a troll gotta troll.

To OP : time will tell ... 


Title: Re: LTC vs. DASH
Post by: DrkLvr_ on December 06, 2015, 03:20:42 PM
Place your bets now gentlemen....


My bet is you know nothing about trading or technical analysis

My bet is that you are a sad little troll that jumps in any Dash related thread to either attack Dash or the OP,  but i understand .. a troll gotta troll.

To OP : time will tell ...  


I mean, just look at the chart he posted. How is that an uptrend  :D

Here's some more Quality TA from the OP:


DASH


The door is still open for LTC holders to switch investments.

If the DASH/LTC ratio flips in favor of DASH in the coming days LTC holders will only have moments before a wave starts picking up steam.

Speaking of waves let's analyze the drawback and compare it to the pump that took place in March.

March's drawback followed by Tsunami:

http://stashpit.com/upload/big/2015/08/30/55e30e0622457.png

August's potential drawback with an unknown future:

http://stashpit.com/upload/big/2015/08/30/55e30e54bb375.png

http://media.giphy.com/media/gQbzlQ70YM3F6/giphy-facebook_s.jpg




How much money has OP lost since he sold LTC and bought Dash? My bet is... a lot.


Title: Re: LTC vs. DASH
Post by: DrkLvr_ on December 06, 2015, 07:03:03 PM

I mean, just look at the chart he posted. How is that an uptrend  :D

Here's some more Quality TA from the OP:


(Sir Alpha's Top quality post)


How much money has OP lost since he sold LTC and bought Dash? My bet is... a lot.

LOL!

Aparently you missed the fact that my prediction in that one ended with a question mark.

?

https://en.wikipedia.org/wiki/Question_mark
Quote
The question mark glyph is also often used in place of missing or unknown data.


Maybe folks will remember when I called the Ethereum trend reversal one month before it happened.

https://bitcointalk.org/index.php?topic=1197336.0

I want to hug you DrkLvr_






Looks like you ended that one with a question mark as well LOL. I love how when you're wrong it's "didn't you see the question mark?" but if you're right it's trading brilliance :D

Not just that, but the price went up over 400% from your call... i wouldn't be bragging about that if i were you.


*hugs*


Title: Re: LTC vs. DASH
Post by: BurstIncomeAsset on December 07, 2015, 08:53:22 PM
Litecoin looks like it's strenghtening, i`m not sure how much, but i`d rather put money in ltc, since holiday season and shopping ,etc..

Dash has hardly any vendors for holiday.


Title: Re: LTC vs. DASH
Post by: 2Pac on December 07, 2015, 10:16:24 PM
Litecoin looks like it's strenghtening, i`m not sure how much, but i`d rather put money in ltc, since holiday season and shopping ,etc..

Dash has hardly any vendors for holiday.

Which sites accept LTC for shopping? I never heard of them. I don't think holiday season has any direct effect for Litecoin.


Title: Re: LTC vs. DASH
Post by: BurstIncomeAsset on December 08, 2015, 06:57:47 PM
Litecoin looks like it's strenghtening, i`m not sure how much, but i`d rather put money in ltc, since holiday season and shopping ,etc..

Dash has hardly any vendors for holiday.

Which sites accept LTC for shopping? I never heard of them. I don't think holiday season has any direct effect for Litecoin.

Browse:

https://litecoin.com/services#merchants

Now show me similar for DASH, you cant :D


Title: Re: LTC vs. DASH
Post by: BigTimeProducer on December 08, 2015, 08:01:16 PM
Litecoin looks like it's strenghtening, i`m not sure how much, but i`d rather put money in ltc, since holiday season and shopping ,etc..

Dash has hardly any vendors for holiday.

Which sites accept LTC for shopping? I never heard of them. I don't think holiday season has any direct effect for Litecoin.

Browse:

https://litecoin.com/services#merchants

Now show me similar for DASH, you cant :D

https://dashtalk.org/threads/merchant-directory-listing-updated-oct-2015.3445/