Tok, If you want to use info-graphics to dumb down the debate, that's your prerogative. And if you want to claim that dash is good because it does the same thing other money has done throughout history (rely on trust), that's fine and a different argument that should be made on another thread. But the point of this thread is that dash has no way to objectively verify that it is decentralized--so argue that that isn't true or stop wasting everyone's time.
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Good evening everyone! Why centralized organizations funding Bitcoin development is a train-wreck: https://petertodd.org/2016/mit-chainanchor-bribing-miners-to-regulate-bitcoinDash will avoid these kind of issues with decentralized governance and funding. That's a big reason why Dash is poised to be the digital cash Satoshi envisioned, the Internet of Money. All who value progress, optimism and decentralized technology are welcome to join us in Dash Nation. LOL, as the first post illustrates, you can't build decentralized governance by starting with a 2 million coin mine in two days and then creating a paynode scheme that aggregates coins into the hands of the instaminers--any argument that states that the coins are redistributed expects you to trust that markets aren't being manipulated and the instaminers aren't lying about their holdings, which is Satoshi's nightmare and the reason Bitcoin was created in the first place--and while Bitcoin has its problems, you can look at its data and determine trustlessly whether it is centralized or not. 1. a centralized currency can and will be controlled by a set of people So like 7 pool operators for instance? The point is that you can see it for yourself and make your decision based on data rather than hype. Put another way: do you want the kinda-cute puppy that you can see, or the one in a lock-box that the salesman swears is "the best dog ever and has never bitten anyone"?
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Qwizzie, the problem with any graph that supposedly shows that dash is decentralized by coins being moved is that no one can verify that the coins are moving to different owners or being moved between an owner's controlled addresses. Again, market manipulation just as easily explains this movement as anything else, so it fails the trustless test.
TLDR: Unless you can prove that coins or masternodes changed hands, dash still fails the trustless test.
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Lets take a look at some numbers with regards to Masternode rewards : https://dash-news.de/dashtv/?value=1000![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FDY6oSBN.jpg&t=663&c=plW_0vFk1PpqGg) As you can see the annual MN interest is currently 11.33% which is depending on both number of active masternodes and mining difficulty. So using this helpful chart we can see that in roughly a year, that someone who controlled 2000 masternodes could accrue 200 more and increase their voting power by 20% without lifting a finger or producing a useful project. I use 2000 as this is the number that could be bought by those lucky enough to be mining the first 2 days of the coins existence (2 million coins of 18.9 million). I'm taking a break to watch a movie and go to bed, but anyone can step in and show logically why dash can't be verified trustlessly decentralized. At this point it's more of a PSA than an argument.
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Also, Tok, please refrain from hiding behind media--either make a sound argument, preferably concise Your claim is that with Dash the more of the coin supply people own, the more they WILL own. (Masternodes are not "owned". I already pointed that out to you). My response to that was that Dash was an open, not a closed system and that that rendered your theory about as veracious as most of your other posts which are more about opening your mouth and letting your belly rumble than economics, ethics or balanced technical appraisals. Your sure giving your keyboard good workout though. Appreciate the attention ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Would you say masternodes are controlled? Or are they in the ether of non-existence and the fees go to no one? When I say owned, I mean that someone is controlling them and that person paid for their use with collaterall, so when you're done playing semantical hopscotch, I'll be over here waiting for an apology for all my time that you wasted with linguistic parlor tricks and half-truths.
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Can the nodes really be bought and sold? I thought "paynodes" simply meant they got a percentage of the block reward.
Yes, and since you can't verify the owner, you don't know how much power they wield in the form of voting rights or any of the other things layered on them, this is why I say dash can't be trustlessly verified as decentralized, which if we use the system rules that Satoshi and others laid out before us, we should assume it is centralized--though the dashers want to use the old banker rules of trust, which as I've stated before, misses the point of why these systems were built. The biggest problem here isn't the nodes per se, it is how they are being used to collect fees and as a governance mechanism.
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Conveniently ignoring my reasoned reply are you? What is misinformed in this assessment? Let me try again. The crux of your argument is that you contend that because of the instamine that only a few people control the voting power, correct? Well, even if we were to ignore the markets for the last two years distributing the coins, you still haven't come up with any evidence that only a few people partook in the instamine. The problem with your argument is that it starts with a hypothesis, not fact. As I've mentioned before, Masternodes are incentivised full nodes that anyone can run, and my grandmother runs one. You could too if you had the means and were so inclined. True story: Dash used to have a marketing contract with Transform PR. Evan Duffield was firmly in favor of this DGBB proposal, and it went through. About a month later, some Dash Nation members became disillusioned with the proposal and started lobbying to have it voted down. This resulted in the contract being voted out, despite the objections of the coin's large holders. Evan was forced to personally cancel this contract. This story is verifiable on DashTalk.org. The system works as designed, and is a marvel of decentralized governance. It is not perfect, though, and will be fine tuned over time. Also, am I any more repetitive than Tao's copypaste "Satoshi's dream, decentralized, we're controlling the narrative" get the noobs to these links hurry before they learn how craptacular we are speeches disguised as pleasant cheerleading? Show me two repetitive posts I made. My challenge is to set the record straight after two years of spin and innuendo, and you can't do that with a single post. This thread is a marathon, not a sprint, and the facts prevail in time. Carry on! I'm glad the cute little puppy's inspiring you... Actually it was what inspired me to write it, please read as it dismisses your faulty logic.
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That is a list of masternodes, which in no way refutes my claim that ownership can't be proven trustlessly decentralized. Unless you can tie a person to each of those nodes, the list is useless in this discussion.
Also, Tok, please refrain from hiding behind media--either make a sound argument, preferably concise, or don't bother as I don't have time to watch videos and any argument you have should be able to be made without the distraction or help of media.
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thank you .. free publicity is always nice to get thrown in your lap and as no bad publicity exists i'm more then happy with this thread.
Carry on gentlemen, please bump it as much as possible.
Any chance on a few more of these Anti-Dash threads ? eh.. for free of course
Anything of substance to add? Or does intimating that I get paid count as a counter-argument?
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And dash's spin without merit or substance. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Good morning all. I hope you're all enjoying your lives wherever you happen to be.
I see we received yet another visit from the detractors while I was away. I read through their posts filled with buzzwords and misdirection, which are typical ploys by people who would seek to "control" the narrative about a competing coin to serve their interests.
Everything that needs to be said by us on these matters has already been said in this thread, no need to bore you with that.
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What is misinformed in this assessment Conflations of concepts like interest with taxation, coin holders with promisary notes, trusted parties with good governance, centralisation with protocol articulation, fungibility with obfuscation and monetary media media with transport protocols. Also, am I any more repetitive than Tao's copypaste "Satoshi's dream, decentralized Yes. Tired of correcting your semantic juggling in an attempt to hide the fact that dash's power structure is centralized--however you want parse it doesn't really matter as you can't trustlessly prove it and therefore it is BS by cryptosystem standards. https://bitcointalk.org/index.php?topic=1443867.0
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First they ignore your unmoderated thread Then they make fun of your unmoderated thread Then they fight you unmoderated thread Then you win
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XMR dev creates an unmoderated thread about another coin...
XMR shills pile in to prove how shitty bitcointalk has become..
There are already other unmoderated forums that aren't on bitcointalk, and although I would rather discuss things here, you guys really show me why it has moved.
I mean really doesn't the XMR shill army have enough places for them to wag their tongues by now...
Oh well that's my rant, from now on I'll just come in to add weekly updates. Have fun running an XMR thread about XVC.
the question is why they created an unmoderated thread about Vcash? For unmoderated discussion. Enjoy. The question is now, "Why are they threatened by an unmoderated thread?" And this is absurd logic as it only accounts for the few that have posted on here about the need for an unmoderated thread, but highlights the absurdity of making "they" claims and making (or intimating) logically fallacies hinged on those claims.
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XMR dev creates an unmoderated thread about another coin...
XMR shills pile in to prove how shitty bitcointalk has become..
There are already other unmoderated forums that aren't on bitcointalk, and although I would rather discuss things here, you guys really show me why it has moved.
I mean really doesn't the XMR shill army have enough places for them to wag their tongues by now...
Oh well that's my rant, from now on I'll just come in to add weekly updates. Have fun running an XMR thread about XVC.
the question is why they created an unmoderated thread about Vcash?and i got it now...they know in their deep mind that Vcash is far more superior than Monero,and this thread is all about a place for FUDing Vcash. https://bitcointalk.org/index.php?topic=1430839.msg14472374#msg14472374
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Wasn't the Bitpay solution the one where there's no negative incentive for continuously inflating the block size over time? I haven't really spent any time examining any of the adaptive block size proposals, but it's obviously not as simple as just coding up something that sounds logical if you're unable to identify all the various game theory and attack vectors involved.
I've never seen a proposal other than mine that had working code. Fixed block sizes "by design" are attack vectors. You cannot keep growing the block size, this does not work as it is nothing more than a "fixed variable" since it only grows. If transaction's grind to a halt you end up with 100 MB blocks that could be targeted. I've solved the problem in a deterministic way that does not break consensus rules and XVC is moving forward with it so we never have to think about it again. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Your work is great as always John. But there is a fine line between confident and cocky. I am glad you walk it though. I believe Ghandi said it best: First they ignore you, then they laugh at you, then they fight you, then you win. Dude, I'm not getting involved in the argument, but that Ghandi quotation only works when you apply it to civil disobedience, when you apply it to fights you not only started, but have continually maintained, and are more about market share than fighting an oppressive regime that is attempting to hold you down, it becomes a little absurd. If you had to fight to buy vanilla cash and that was an act that was actively attacked by some authority, then that quotation would be apt.
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How does Monero propose to resolve the fact that it's blockchain is growing faster than Moores Law and pruning is so limited?
Human populations don't grow faster than Moore's law. Duh. Disk arrays scale to anything we can fathom. The issue is that no block chain consensus can maintain decentralization of validation, not because of scaling problems but because of the fundamental economic reality that not every miner can have an equal share of the hashrate, thus verification costs are not shared equally. The creates an asymmetry where economies-of-scale will maximize profit and grow hashrate the fastest thus centralizing mining. The solution requires some clever innovation on proof-of-work. Not necessarily, algorithms could be programmed to move your funds between coins if an attack threshold is passed--of course this requires trustless exchanges to fill in the gap left by the inability to decentralize mining, and also produces lemming effects if the coin's mining doesn't adjust responsively, though this assumes the attacker is just greedy and not actually trying to destroy the coin. In a full-on attack of crypto, a war to end the battles, the algorithm approach forces the attack to be multi-pronged, but would not prevent coins from attacking each other to gain market share, though my guess is miners would make algorithm adjustments and speed becomes an asset as much as hashing power--I'm rambling possabilities, my guess is that there some noob assumptions to flesh out, if not totally dismiss.
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1. a centralized currency can and will be controlled by a set of people So like 7 pool operators for instance? The point is that you can see it for yourself and make your decision based on data rather than hype. Put another way: do you want the kinda-cute puppy that you can see, or the one in a lock-box that the salesman swears is "the best dog ever and has never bitten anyone"?
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Dash's failure at trustless decentralization is the test case that formed my understanding of why trustless decentralization is necessary for any cryptocurrency to succeed at being disruptive. Dash's failure is that it built a centralizing flaw that aggregates coins to those who run nodes and layering power functions (votes, fees, privacy, etc...) onto these nodes.
Dash's nodes have two major weaknesses in design: first, they are pay based, or paynodes, which means that they can be bought and sold. The second flaw in design is that they collect fees, which means node holders collect money that in turn can be used to buy more nodes that in turn can collect more fees, and so on and so forth. Where this especially becomes troubling is that dash's launch produced 2 million coins in 2 days and this initial distribution cannot be verified to be fairly distributed, which means the resources to buy 2000 nodes (more than half of current existing at this writing) were made available to a few lucky guys who happened to be mining at that right moment--considering this is 30% of current distribution and given that they could have bought 2000 or more masternodes since that scheme was introduced, the number of masternodes these initial miners could have may be considerably more than 30%, and considering that this control can aggregate over time, it illustrates why these systems need to be trustlessly verified.
I apologize for all the numbers just thrown at you, but lets make it simpler, since the masternode system collects the revenue that determines its degree of centralization, and that centralization can't be verified to any statistical certainty, we should assume that it is increasingly trending towards a traditional oligarchy or monarchy, where one or a few have undue power over the entire system--how it behaves, the distribution and security of its benefits.
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Eventhough his posts are getting kinda repetative and desperate of nature and from time to time demonstrate a rather misinformed opinion, I think generalizethis deserves a thank you from us morons for bumping our beloved thread so much : ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FnYbnq93.gif&t=663&c=z5GLYSpP16Uddw) What is misinformed in this assessment? Also, am I any more repetitive than Tao's copypaste "Satoshi's dream, decentralized, we're controlling the narrative" get the noobs to these links hurry before they learn how craptacular we are speeches disguised as pleasant cheerleading? That was quite an entertaining read actually. By the way - math may be reliable. The technology that implements it may not be. Also, did you just give up on trying to prove that there isn't a trustless way to verify dash's masternode distribution? Masternodes are not distributed amongst people. There is no association between a masternode and a person any more than there is with Bitconi nodes. A person may hold a private key to a blockchain address which a masternode checks (for collateral) in order to make sure it should be running. There is some association as far as spending a proportion of the blockchain reward though - in terms of a collateral holder being able to vote. Masternodes are owned by people, which means the distribution of power, fees, or whatever else you morons layer on them can't be distributed in a trustlessly decentralized way, but nice attempt to muddy the waters using the same semantics that separate a premine from an instamine. So you are now admitting that ownership isn't decentralized, but you can technically claim that the masternodes are? Or am I misreading your shillspeak? I don't have trouble reading Sylvia Plath or Nietzsche, but half-truths dressed up as technical jargon are a little under my pay-grade, so maybe you could just say it like a normal person and not one trying to hide something.
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