Why did Satoshi leave encryption out of bitcoin ?

Because its entire protocol is based on signatures, a technology that's concerned with authentication - the opposite of "hiding" which is what encryption does.

So shoving a thick layer of encryption on top of all that good work is like entombing a well nurtured garden so it can't be seen, heard or smelled. Then you need to "invent" some other way of supporting monetary authenticity when you already had a perfectly good one and before you know it you have two objectives fighting each other for priority.

Now real world examples are starting to appear of how it all goes wrong and how this is a flawed monetary design in the first place for anything other than an encrypted payment rail for proprietary services or one-time laundering.



If you're trying to create nothing more than a gated "cult" economy that's proprietary to those who hold private keys, this is the way to do it. Thing is though, far from protecting people from the likes of the prying FBI you're just making it easy for them because all they have to do is police the gates

What does WATCHDOG_EXPIRED mean ?

Is that because my cheapskate hardware platform running the node isn't up to scratch ?

You forgot to accuse him of using "attack the attacker" antiphons in response to your dulcet internet timbre resonating from the new "IPv4 vs IPv6" brand of  exposition you've opened up.

I myself am not technically qualified enough to do an appraisal on that subject, but I am quite musical so will listen with interest and see what elucidative harmonics I can dig

r.o.t.f.w.l. !

I nearly did just reading that comment 

What will happen now is that it's gonna get priced in and then there will be a huge dump if it doesn't get approved.

Translation for the deaf   

Earwig. Low.

Unlike you to run out of patter. (Must be a weekend thing)

I see you're hard at work today. Thought you might get a break after that little staged hit piece

No rest for the wicked it seems 

Not really.

The Design Objectives that Were Conveniently Left out of that Appraisal
https://bitcointalk.org/index.php?topic=421615.msg12823282#msg12823282

Tech Stocks vs Monetary Stocks and Why Dash is Persuing the Latter
https://bitcointalk.org/index.php?topic=421615.msg17491202#msg17491202

Why Balancing "Dark" and "Light" Markets Work and Why Instant Transactions are a Priority for Dash
https://bitcointalk.org/index.php?topic=421615.msg13239732#msg13239732
https://bitcointalk.org/index.php?topic=421615.msg13366974#msg13366974

Symmetric Risk Mitigation for Low Confirmation Payments - Why Dash is MORE Secure Than Bitcion, not Less
https://bitcointalk.org/index.php?topic=421615.msg13328511#msg13328511

Pricing in "Everything" vs Pricing in "the Launch"
https://bitcointalk.org/index.php?topic=421615.msg11054151#msg11054151

Why Dash's Privacy Model is Optimal for an Unbacked Store of Value Token
https://bitcointalk.org/index.php?topic=421615.msg17687393#msg17687393

Who gets a voice with the Governance Model ?
https://bitcointalk.org/index.php?topic=1433982.msg14584154#msg14584154

Happy reading

I'll need to start one of those "bitcoin obituary" things for Dash, except a #REKT one  

(Could maybe superimpose it on top of a steadily growing 21-week EMA for effect).

No shortage of contributions to choose from anyway (although all from only about 3 1 people sadly)  

When "obfuscation" is the name of your game it seems to extend to faux technical appraisals of competing coins too.

For example, if you're going to discuss "liquidity" (in the context of masternodes in this case) you should specify whether you're talking about:

 • blockchain liquidity
 • market liquidity

A system that constrained blockchain liquidity would be something like what Bitbay is planning. Where coin movements are mechanically constrained in order to prevent them from going to market as part of an economic pegging strategy against another currency.

On the other hand, market liquidity varies with price and is determined by the aggregate propensity of traders to sell. To do an appraisal of market liquidity you just need to look at a market depth chart because it is a function of price.

Dash does not impose any blockchain liquidity constraints. None at all. When you open a wallet, all coins are equally liquid and the wallet doesn't care whether they happen to be collateraising a masternode or not. All address balances are all equally mobile.

Dash also does not impose any market constraints. Those are imposed voluntarily by holders. The network gives them an incentive to hold because Dash's monetary model is working as a store of value in the sense that the tokens are valuable and now have a finite lending rate which has been a design objective of this project from the outset. i.e. to build a true, unbacked monetary token as opposed to a blockchain based encryption tunnel.

To ignore these fundamental concepts and design objectives in any so called "technical appraisal" is like having a racing yacht designer appraise an ocean going trawler and diss it based on its adverse volume to weight ratio, power loading, hydrodynamic profiles and cargo capacity.

i.e. clueless  
 

As one commenter says: "I appreciate you bashing my favorite altcoin, I want further strength or failure".

The pattern is getting kind of predictable.

1. Establish Roadmap
2. Do the work and announce next release
3. Flood of panicky spam on this thread + "instamine scam" cries everywhere else
4. Deliver milestone
5. Further growth ensues
6. Return to 2.

Some of the commentary would make a good comic though  

Ok, now that you've got that off your chest why don't you deploy your verbose lobbying capacity to get Bay onto Polo since we happen to be roommates in another theatre of operations (however agonising that may be for you)

Can only be a matter of time and I'm sure you'd push them over the edge with your passion !

Hey, thats all very interesting. But it turned into a solid investment in the end thanks to the dedication and hard work put in by the very object of your obsessions, so no harm done.

Ergo: Not a scam

Don't worry, though. Since it's a free market you'll still have a choice and the market will price it all in (even though judging by the amount of copy you write on this subject you don't seem to think you do).

Hell, you could even relaunch it yourself if you feel it's that significant ! There's $120 marketcap in it for you if you're right. Should only take you a few years to get up to 2 Thash/s + 5000 nodes  

They're about to release the 1st plank of Evolution, Dash's next major development phase thats been in the works for a while.

Usually brings out the traditional fanbase

U should get yourself a T-shirt with that on it.

You could wear it while singing this to broaden your appeal

$1k: Zerohedge audience was informed within seconds.

Thats it.

We have now transited permanently into the realm of 4-figure BTC, never to return.

We will never again see sub $1000 BTC. Double top on the 12-hour, concluded 3-year consolidation from last ATH. Games now going with serve and increments of $100