Bitcoin Forum
June 16, 2024, 08:19:35 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 [112] 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 ... 205 »
2221  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 19, 2016, 04:37:38 PM

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.
2222  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 19, 2016, 03:42:22 PM

Also, Toky, if you  knew better, you'd realize that public blockchain can be replaced with coinbase

Unfortunately, it can't.

But I'm quite happy for you to wallpaper the rest of this thread with the false assertion that it can if you like. The reason I won't loose any sleep over it is that there has never in history, zip, nada instance neither Roman time nor Dinosaur time been a case where obfuscation enhanced monetary properties rather than diminished them (for a base monetary token that is).

Nothing to do with "math".

But like I say. Be my guest Wink


And I won't lose any sleep knowing that building a cryptosystem using the trust model is just layering (unnecessarily so) the same BS that inspired people like Satoshi to invent Bitcoin--unless you're saying you can't trust Bitcoin's coinbase either, are you?

I'm trying to figure out why anyone would trust you and Evan's defenders not to have instamined 30%, kept it, and used the rewards to buy more masternodes--but what really confuses me is why the people who would be dumb enough to trust a bunch of cryptoanarchist's posers wouldn't just use one of the many trust systems that banks and software companies will be advertising with established brands and decades, if not centuries, of experience--my guess is that your plan is to attempt to be just cryptoanarchist enough to fool early adopters who will be reading posts like this and say the exact thing I'm saying, "This is about the biggest pile of BS in the cryptosphere. How does anyone fall for this shit?"

But keep on throwing decentralized and Satoshi's dream out there--though I'm fairly certain that you are only netting near sighted speculators with that bait, and anyone who manages to do the least bit of due diligence is swimming for better waters. BTW, does Amanda realize her reputation is being used as bait? Maybe you should warn her Tok or do really believe your slight-of-hand buzzworded info-graphics meant to wow the dull witted, the research handicapped, or theoretically challenged? I mean, "If it's in an info-graph, it must be true? Right?"

Also, did you just give up on trying to prove that there isn't a trustless way to verify dash's masternode distribution? Let me guess, you're gonna try to say that a way that can be easily gamed by market manipulation proves that the nodes are being sold, the same false flag logic that you used to say the instamine was redistributed? Isn't that how it works? "See this graph of coins being sold and masternodes disappearing, which proves that there's redistribution!" Sure it does, if we assume the instaminers are honest, that no one ever manipulates markets, that masternodes fees can't be leveraged for more masternodes while selling a percentage for profit--sure, if all those things work exactly the way you explain to noobs, then you can call dash decentralized--I'll be waiting for your usual misdirection and scatterbrained explanations.

Or maybe you can just ignore the neon elephant in the room waving sparklers and singing, "God save the King, Evan reign supreme, take my next of kin and what's left of my Liberty!"
2223  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 19, 2016, 12:55:19 PM
three tenets of unbacked electronic cash.

That you made up. Nothing wrong with that of course. Just noticing.


I like how he (conveniently) leaves out trustless and decentralized, which you need unless you're trying to create the exact same system cryptosystem were built to disrupt, not that there's anything wrong with that, just seems kind of pointless.

Also, Toky, if you  knew better, you'd realize that public blockchain can be replaced with coinbase and still hold true, unless you think math is voodoo or witchcraft.
2224  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 19, 2016, 08:54:40 AM
in short, Xmr really really need to improve, old hype of gimmick anonimity alone will soon fade away. because only few people need superior anonimity, those are Terorist, drug dealer, tax evader, and kid molester and other horrible stuff while ordinary humble religious law abiding citizen only need to able to use their money easily without the hassle of Command line wallet Tongue . yo will need to pimp your wallet that user can use it intuitively.

Gee, where have I heard this before? Oh right:

Quote from: Cyphernomicon 8.3.4
"How will privacy and anonymity be attacked?"
  ...
like so many other "computer hacker" items, as a tool for the "Four Horsemen": drug-dealers, money-launderers, terrorists, and pedophiles.

or maybe it was here:

The use of encryption by ‘evil’ groups, such as child pornographer, terrorists, abortionists, abortion protestors, etc., is cited by those who wish to limit civilian access to crypto tools. We call these the ‘Four Horsemen of the Infocalypse,’ as they are so often cited as the reason why ordinary citizen–units of the nation–state are not to have access to crypto [graphy].

You're posturing as an ignorant Monero critic, but I think it's clear what your true intentions are.


uh... u were missing the point, the point is that no one care to use Monero if there is no improvement aside from anonimity. so what if Monero has the ultimate best anonimity Huh anonimity benefit scammer more than it benefit regular joe.

Other coin dev has lately try hard coding to improve and implementing feature in their coin instead of trolling days and nights. for example :
Dash even if it has just above average anonimity, it has other feature that benefit everyone such as instant transaction. or Ethereum, when it finally uses anonimity feature similiar to Xmr, it will have so many gimmick feature that will dwarf your coin value.

anyway its your money, your investment, whether you want to invest in coin which has no other user except scammer/ hacker/ terrorist/ tax evader etc due to lack of intuitive user interface, or would you invest in coin which has dozen of feature that more likely to  thrive due to mass adoption.

 

I like how your examples are a coin that can't deliver on its promises and a coin that has yet to show it can deliver on its promises. My guess is your "research" is promises + marketcap = good coin.
2225  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 18, 2016, 01:09:39 PM

Any cryptosystem that fails to verify its purpose in an objective and trustless way

Given that Dash *does* verify its purpose in an objective and trustless way then, I think you might have stumbled into the wrong thread. (As I said, might be something to do with your scrambled-egg like conflation of terms such as promissory note, trust, protocol articulation, obfuscation etc..etc...).

No worries. Help is at hand Wink

Meanwhile, here is a most excellent alternative perspective on masternode economics which contrast starkly with yours regarding the merits of the system  Grin





How do you trustlessly verify masternode operators aren't using the fees they collect (or market manipulation) to increase the number of masternodes they hold? Again, in a trustless manner that doesn't depend on humans acting in good faith, best intentions, or the presumption that these motives can be trusted, as the road to hell is paved with good intentions, and the presumption of good intentions is just a road sign along the way.

Keep it simple, if you can? I don't feel like wading through more faulty argumentation.
2226  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 18, 2016, 11:25:43 AM
the main problem is layering functions on nodes and giving them fees, which is a two-fold problem as, through the power of compound interest, current node holders can continually buy more and more nodes

Thats one random theory you've cooked up to suit your agenda and are trying to sell it as if it were the only economic factor in the equation which as I already explained is far from true.


Sorry if being correct is getting in the way of your plans.

One slight detail that kind of blows your little theory to Kingdom Come is that Dash is not a closed system. (As you are alluding to by attempting to conflate it with some kind of government regime). It lives amongst a free market of cryptocurrencies and other assets, both monetary and non-monetary. That therefore brings external economic forces to bear as well as internal ones.

Closed vs Open systems analysis. It's an interesting engineering concept thats worth exploring  Smiley

For a start, you can already see it at work here...



...what that little nick is is people dumping their masternodes because the value went up against another asset and new owners taking over. Furthermore, the propensity for large holders to dump is far higher than for small ones since proportionally they have more to gain and less to lose from profit taking.

If you are correct - as you say you are - and Dash's reserve market leads to consolidation rather than distribution, then a few people will own more and more of less and less and the value of their assets will slowly diminish against others outside of the Dash ecosystem (due to decay of network effect amongst other things).

That will bring external economic forces to bear and they'll be encouraged to sell - all the way down.

However, if market activity over the last two years is anything to go by we won't even get near that road. Whenever the price has risen by a significant amount, market volume has risen with it and a whole lot of masternode collateral suddenly appears out of the Ether (pun intended   Cheesy, ) so lets just see what happens.

Finally, taking a freely traded commercial asset which its holders are very satisfied with and which has been successful over quite a significant period and attempting to characterise it as some kind of 'state' enforced regime that everyone's oblidged to live by does make you look like a bit of a zealot. Specially when you use it as a basis for a campaign bordering on idealogical warfare at times  Wink


You're confusing a democracy with a capital asset. It remains to be seen how healthy the whole approach is in terms of the long term benefit of the project but one thing they can't do is "vote" the coins out of other people's hands, so what works for large holders has also got to work for small.

So characterising the whole thing as some kind of kind of oligarchy is simply symbolic obfuscation and bluster.


Using a trust argument, "If you trust these graphs show that the nodes aren't being bought by those who seek to manipulate the market and buy more nodes and at a cheaper price (while making a side profit from selling), then dash isn't oligarchy."

This is a huge logic fail, and illustrates how far those in the dash hierarchy are out of step with the purpose of cryptosystems. Any cryptosystem that fails to verify its purpose in an objective and trustless way fails to offer anything more than the old world ideas that  new world (information age) systems were designed to replace. This fact is why dash can do no more than advertise itself as "new money," Satoshi's dream," "IOM", ect. ect., this is the poser at work trying to fool the uninitiated with surface instead of substance, intimations instead of white papers, promises of moon beams instead of the seeds of revolution.
2227  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the bitmonero/monero Ninjalaunched Cripplemined Fastmine matters on: April 18, 2016, 10:41:57 AM
they start these CJW (Crypto Justice Warrior) threads for all the coins not just DASH.

they reply any thread they get paid to troll, there is a contract to respect!
or would they really do this 24/7 for free?!
 Roll Eyes
unless they admit to be kind of mentally ill and so obsessed with monero (like one of their main investor), i don't get why this people cannot get a life and instead post the same shit over and over for months, oh wait i know why = $$$

I smell projection.

Actually, and this insight is free of charge, I'm an INTJ and am more motivated by being right than anything else--you can look up the personality type and read for yourself that money isn't much of a motivator for people like myself. I suspect that some people are motivated out of a sense of duty and fair play also--though I'm not discounting that some are motivated by money, though I doubt they could maintain the type of continual back and forth, correcting faulty logic, pointing out holes in designs and argumentation, ect., that goes with a Free Open Source project such as Monero without having a better motive than greed. But you're entitled to your opinion, and I'm entitled to correct it, enjoy correcting it, and point out the flaw of projecting your own motives onto others (if that happens to be the case). It's a big world with many types of personalities, and I know this is tough, some people's motives will be as strange to you as another world if you ever stopped and considered their reasoning without the restrictions of myopia.  

Though, again, is anyone pointing out a flaw in Monero or an intention to scam by analyzing motives without evidence to back up their assertions?
2228  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 18, 2016, 09:33:46 AM

Hey. No-one's stopping you or anyone else doing it again.

The code's up there and clones already exist. They're just not worth a f*ck.  Cheesy

Kind of blows your assertions out just a little bit.


Are you drunk? I make a criticism that dash is fundamentally broken and you assert (I think) that I should clone it? Why would anyone clone a coin that they maintain is broken? Is this a new form of dash logic?

I think you have me confused with cryptohunter, who believes that dash should just be cloned and launched fairly without the taint of an instamine. I'm the one who is asserting that dash is fundamentally flawed because you can't trustlessly verify that it is nothing but an oligarchy. Again, the main problem isn't that dash was instamined (that only exasperates the problem), the main problem is layering functions on nodes and giving them fees, which is a two-fold problem as, through the power of compound interest, current node holders can continually buy more and more nodes, and adding onto the layer of functions that nodes perform creates a power and economic centralization that is essentially (you guessed it) an oligarchy--unless you've figured out a way to verify trustlessly that this can't happen, have you?
2229  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the bitmonero/monero Ninjalaunched Cripplemined Fastmine matters on: April 18, 2016, 08:39:08 AM

Well, I know that I'm not paid


and you are even telling me that you do this 24/7 for FREE?!
wow, you are a kindest crypto knight i ever met, the monero community should start a fund to build a statue in you honor, or maybe to smooth? who deserves more?

you are funny, too bad is late night and i cannot continue to reply, for free

lol, crypto knight, that's perfect. i think i'm gonna start using that as it accurately describes smooth and icebreaker and the rest of the monero marketing team .
i can't even make a mocking thread without them trying to take it over and crypto knight. they start these CJW (Crypto Justice Warrior) threads for all the coins not just DASH.
they've been called the crypto police many times before but crypto knight is perfect.

the topic of this thread is the monero cripplemined fastmine and how it will affect the coin. it is a response to a CJW thread started by hypocrites from the monero marketing team.

So basically you're pointing out that your rambling is off-topic? Because I don't see anything in your post that could be construed as proof of an intentional miner crippling or that that indeed affects the coin, maybe you need a refresher on what you need to do? At this point, I'll probably have to post it every other post as you and your buddies seem easily distracted.


Haven't seen any of that alleged "evidence". Only evidence in here so far is that Monero was intentionally released as a cripplemine to the public rendering it a scam.

Do you have evidence that it was intentional?

Do you have evidence that it affects the coin negatively, as in invalidating any of its claims of decentralization or privacy?

If you don't have evidence of one, then you're left with the thread's title being false and a complete waste of time. As an example: I can show that dash is an oligarchy, whether intentional or not, due to the way their paynode scheme works. These systems are designed to work trustlessly, so any hiccups (intentional or not) should be invalidated by the design, not left-up to the good or bad intentions of those who are engaged with it.

2230  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 18, 2016, 08:27:43 AM
Where is noobtrader to acknowledge that his wrong assertion has been adequately corrected in the last half dozen posts? I'd hate to think he just randomly tosses in a troll grenade, leaves, and then does it all over again a few weeks later.
2231  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 18, 2016, 08:15:48 AM

LOL, yeah, you offer an opportunity to sign up to be paid money (often to shill Dash as in Daily Decrypt, Michael Terpin, and Juan S. Galt; who else?) and you're surprised that people are all over it.

Are you trying to be incoherent or does it just come naturally ?

The project is huge. It isn't because of petty bribes, it's because it has ideas that are diverse and are working. The fact that people get paid for what they do was actually a long time objective that is now being achieved but it doesn't surprise me that you'd somehow twist that into another one of your propaganda spins.

And you say your interested in ethics ?  Roll Eyes



Look guys the game is up. The majority here  knows it was a scam. Dash will have to keep inventing and developing until such a time they create a time machine and then go back to 2013 and launch all over again. Until then all features are pointless and can not save dash.

This project can grow as large as it likes. It's foundations are based upon pure scam. That means it can topple at any time.
Never buy into or become involved with a scam however temping it may be. Lesson learned I hope guys. You'll be yoyo ing up and down from $2-$10 until eventually it either dies or evans is arrested and charged.

Why not look into other projects some are 0.0001 satoshi now. You have far better chance of making way more returns with a few new promising coins that are not scams.

Discuss your scams in the ann scam coin threads. The main board does not tolerate scams mentioned there without them clearly being labelled as the s word.


LOL, are you for real?  No you're not, obviously.  Dash is for real.  If you think people will listen to your tedious bullshit, I'm afraid you're quite wrong.

And your comment on Evan getting arrested, that's exactly the point.  Evan Duffield is out in the open, he doesn't hide from who he is, and is completely up and up as is almost every single person on the team, minus those who don't live in a free country (or at least as free as it gets) like Europe, Canada, Mexico, USA, etc.  Those choose to stay anonymous for their safety, and I can't blame them.  

So tell me again, who are the scammers on BitcoinTalk?  You guys are seriously lame.  This group of developers you see here in Dash are changing the world, and you guys will be eating our dust Cheesy  

So you can verify that the 2 million that were mined in 2 days weren't done so purposely? Sure you can.

The only way dash is changing the world is filling up BCT space with spam that ignores dash's scammine, ignores dash design flaws (such as X11, masternodes, darksend, governance model, ect.), and ignores the attempts of the dash hypesters to distract from these flaws with calls for everyone to trust Evan, because at the end of the day you didn't do the one thing you are supposed to do in crypto, which is build a system that works trustlessly.

2232  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 09:39:14 PM
Also, I'm sure that the masternode opperators will vote on things that benefit them the most to increase their holdings...

And then masternode operators would be left with worthless coins in their possession pissing off everybody (miners, investors etc).

Do you even understand what are you writting or are you just having fun?

Masternode owners will only vote for what's good for Dash because they're long term holders and want their investment to increase.  How can they do that?  By growing Dash.

Example, Greedy MN owners want to take more of the block reward for themselves so they vote to increase their share to 80/10/10 allowing all the miners to leave. Now the security of the hash has been compromised, compromising the system, users leave in droves and the whole network collapses.

And it wouldn't take long either.

You can see, every decision will and has been weighed heavily against what is best for the project BECAUSE they're so heavily invested in the project.

The main point here is that there is nothing that the Masternodes can vote on where their interests are not aligned with the Dash Project.  




LOL, just fucking lol! So the Bitcoin block reward debate has taught you that everyone knows what is best for the network and will only vote for what is good for the network? Point being that the road to hell is paved with good intentions.

But my larger point is that the system is set-up to continually reward a bunch of fatcats who do nothing but collect tax/fees/freedom-points on the backs of the dash poor who have little to no say in what they pay in fees, which if I have my say, will kill dash and shortly. So not exactly in your best interest to be claiming to be decentralized, when in fact you aren't, but you're still doing it despite the risk, so weird and contrary to your benevolent oligarch argument.

But look around, who do you see, a bunch of greedy snake-oil salesmen hoping (with little regard to reality) that no one notices the flaw of only idiots would pay you extra for centralized services that other coins do better and almost free. Your selling hype, the reality is there is no decentralization without a trustless way to verify that it is trustless, so your left pitching the illusion of decentralization, the illusion that a system that doesn't employ end-to-end privacy is good enough, the illusion that 11 algos are better than one, the illusion of a fair governance, the illusion that Evan is a genius, and the illusion that if you pitch it to the whole world and everyone would just leave you alone that the average joe is going to pass up the same illusions from a trusted bank or credit company with the backing of their local government and jump on board with a coin with a dubious past, a technology they probably don't understand and laundry detergent as a name.

I'll give you props for selling yourself the dream.
2233  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 08:18:09 PM

Anything not to help the persistence of topdown systems as we move toward the information age.


Lurk mode OFF.

Dude, you keep labouring the same tired points about masternode rewards increasing centralization.

Node holders are just as likely to sell their reward coins (as miners do) or cash out of the market completely at some point. Nodes earn ~10% pa, so assuming the count doesn't increase (which it will) each node can only foster a new node every ten years. Hardly the centralization clusterfuck you're painting.

Also, the point you so tragically fail to address is that DASH - like most every other cryptocoin, is in DEVELOPMENT. You describe the outcome of DASH with no concession to how it may develop over time.

Now stop fucking posting. We get it already. You hate DASH because if boils your blood to see 1 DASH trading at 6x the value of 1 XMR.

Get the fuck over it and do something positive in your life.

Logic fail. You're assuming that the owner has one node to reach your 10 year a new node, when the instaminers combined for 2million dash, so how many nodes does that buy?

2000, and in 10 years those nodes could buy 2000 more (barring the instaminers not manipulating the market to buy even more in that time period), but I'm sure you knew that and used math of convenience to validate your investment. Also, I'm sure that the masternode opperators will vote on things that benefit them the most to increase their holdings and the power that those nodes wield (why wouldn't they unless to feign decentralization), but you're on the benevolent dictator program and I'm sure it will all work out fine and dandy and nothing bad will come of this corruptible design, because humans never make things worse than they already are....

I realize you have to validate your investment by any means necessary, but pulling the jealousy card is shitcoin logic and fails the smell test.

https://bitcointalk.org/index.php?topic=1430839.msg14472374#msg14472374
2234  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 05:11:19 PM
It's goal is to become the digital cash that Satoshi envisioned, the Internet of Money.

Which it can't do given the reasons I've explained over and over again, It seems the dashnation is either oblivious to the facts or is purposely ignoring them.

Sigh. I can't make it any more simple--it's like they don't grasps that the nodes are bought with dash and earn the dash that can let the operator buy more nodes thus increasing centralization. Or that this is a problem because it requires trust to believe that this very scenario isn't happening.....you can lead a horse to water, but you can't explain the basics of cryptosystems without someway to expand its neural capabilities. Maybe nanabots or direct neural connections to expand brain capacity would help?

I'll let you get back to your attempt to get more noobs entangled within the controlled environment of the dash network. Or are those links to actual arguments that don't correspond to dash's script?
So persistent. Thank you so much for the thread bumps. You are a real gentleman.

Anything not to help the persistence of topdown systems as we move toward the information age.
2235  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 05:02:58 PM
It's goal is to become the digital cash that Satoshi envisioned, the Internet of Money.

Which it can't do given the reasons I've explained over and over again, It seems the dashnation is either oblivious to the facts or is purposely ignoring them.

Sigh. I can't make it any more simple--it's like they don't grasps that the nodes are bought with dash and earn the dash that can let the operator buy more nodes thus increasing centralization. Or that this is a problem because it requires trust to believe that this very scenario isn't happening.....you can lead a horse to water, but you can't explain the basics of cryptosystems without someway to expand its neural capabilities. Maybe nanabots or direct neural connections to expand brain capacity would help?

I'll let you get back to your attempt to get more noobs entangled within the controlled environment of the dash network. Or are those links to actual arguments that don't correspond to dash's script?
2236  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 03:54:00 PM
Short question, I`ve lost track a little...The masternode block-rewards generalizethis now calls "fees" are what he called "taxes" before, right?
Seems to me like a small but still laudable step in the right direction.


Doesn't matter if you call them Freedom Points, they cause the same centralization.
2237  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 03:47:15 PM
Sigh. I can't make it any more simple--it's like they don't grasps that the nodes are bought with dash and earn the dash that can let the operator buy more nodes thus increasing centralization. Or that this is a problem because it requires trust to believe that this very scenario isn't happening.....you can lead a horse to water, but you can't explain the basics of cryptosystems without someway to expand its neural capabilities. Maybe nanabots or direct neural connections to expand brain capacity would help?
2238  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 03:12:05 PM
Nodes hold the power in the dash scheme and coins buy that power, which means if coins are aggregated through nodes, that power can continually grow in the hands of a few oligarchs.

I don't know if I should bother answering this. It's a kind of mickey mouse symbolic characterisation. Symbolically - ok - people 'own' nodes in the sense that they own the coinage at some random blockchain address which collateralises it.

But symbolism is where it ends. I might as well characterise the bitcoin miners as 'trusted' for all the power they have to affect the protocol and for that change to have a practical impact on the network's logical integrity.

where this becomes a problem is that you cannot trustlessly verify that these individuals aren't using their collected fees to buy more nodes thus aggregating more control over voting and whatever other functions are tethered to nodes.

Well, the whole point is that they can, so what you see as a "bug" I see as a "feature".

You're confusing a democracy with a capital asset. It remains to be seen how healthy the whole approach is in terms of the long term benefit of the project but one thing they can't do is "vote" the coins out of other people's hands, so what works for large holders has also got to work for small.

Another thing, Dash blockchain governance is only one aspect of "governance". It focuses the voice of one particular set of stakeholders that would not otherwise have a voice. However there are other "quadrants" of stakeholders who are at least equally influential and critical to the buoyancy of the whole asset. Large coin holders have no influence over these. It's a POW coin for a start so the mining majority is one of them. Another is commercial stakeholders such as exchanges and yet another is developers.

So characterising the whole thing as some kind of kind of oligarchy is simply symbolic obfuscation and bluster.

Feature? lol

Lets make this simple, though I wonder how much simpler I can make it?

Dash's nodes collect fees, those fees can be used to buy more nodes, which in turn collect more fees, which in turn can buy more nodes and on and on and on....

That should be the end of the argument for someone who actually gets why these systems are built to rely on mathematics rather than protocol, but Tok has proved over and over and over that he doesn't get this little tidbit. So I'll try to dumb it down even more than I have already--though I suspect Tok might just be playing dumb and wants to muddy the waters while he regroups for another game or graphic versus reality. But whatever.

Why this isn't a problem for Bitcoin and is a problem for dash is that dash's nodes are used for goverance, privacy, and an ever growing laundry list of features (probably to validate why they are collecting fees in the first place), it doesn't take a genius to realize that this fails as a trustless system because I must trust that the node holders aren't using their fees to buy more nodes, or engaging in market manipulation to gain more nodes at a cheaper price and thus increasing profit and power at the same time.

It would be severly naïve to think that this isn't happening, but luckily in the world of cryptosystems, these systems are supposed to work in a trustless manner, so I can safely say that dash fails to deliver decentralization because it cannot verify this claim trustlessly.

And why this is important follows, so keep reading....

Dash is useless because it can't work trustlessly, because credit card companies and banks can do the same thing, only better (looks at ripple). It's only trustlessly decentralized systems that can offer something banks and credit card companies can't--a way for instituions, individuals, and citizens to work in conjunction without the threat of manipulation and coercion. Any system that can't offer a trustless means (or at the very least a statistically acceptable risk of decentralization--though that is a risk that is time madated) is doomed because it fails at being of any more use than what already exist.

Now watch half the dashtards scramble to argue why it is decentralized, while the other half argues it doesn't need to be. Or maybe they can just mumble jealousy under their collective breath--though they may need to vote on that.
2239  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 02:28:23 PM
It smells of xcoin / darkcoin to me.

I don't like honestly unfair much more than I like full scam.


I'm not sure if it is worth cloning or not. I only would like to see it done so it would teach them a lesson for being so honestly UNFAIR.

How long to copy and paste it is what I am wondering?

fair steem has a ring to it. We could even be reasonable and give them a 1% chunk premined for their hard work of developing it -  make it nice and fair.

Sorry though it will be an announced launch with windows qt so the entire community can have a honestly fair crack at it. We'll honestly announce 1% premine and give it to these honest folk for taking the time to create it.


The only thing I'd suggest is that cloning a coin to teach scammers a lesson is scamming the investors out of a legitimate technology if that technology is pointless or the technology already exist in a more developed or more technology sound manner.

Just sayin'

Though I think more than a few people would like to teach scammers a lesson and it isn't a bad sales pitch--I'd probably buy a few undash if they were removed of the masterscam nodes.
2240  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 02:20:46 PM
Global Bitcoin Nodes Distribution (Full Nodes & Normal Nodes)
https://bitnodes.21.co/




Dash Masternode Full Nodes
http://178.254.23.111/~pub/Dash/Dash_Info.html
http://178.254.18.153/~pub/Darkcoin/masternode_locations_stats.html



Anyone know how many active normal nodes Dash has running to make this picture complete ?


Wow, just wow! So you don't really understand that A: Bitcoin doesn't aggregate coins through nodes like dash (which is the problem), 2. That where the node is located is of little importance, what's important is who controls/owns the node?

The point, again,


My contention is that Dash doesn't work as a trustless system

Thats because you don't understand "trust".

You've got some ludicrous made up nonsense that associates individuals with nodes. The protocol logic (A) isn't run by individuals and (b) is decentralised (as in can be reproduced as many times as there are nodes).

"Trusted parties" are those that issue promisary notes in place of bearer tokens.

Keep tryin to fling that word around though in the vain attempt that it'll stick. It'll only stick with anyone as clueless as the idiots that come up with this garbage. (Bit like cryptohunter above trying to fling the s-word as many times as he can in the hope that that'll stick).


I associate those who plunk down 1000 dash to collect fees from those nodes to individuals, where this becomes a problem is that you cannot trustlessly verify that these individuals aren't using their collected fees to buy more nodes thus aggregating more control over voting and whatever other functions are tethered to nodes.

Nodes hold the power in the dash scheme and coins buy that power, which means if coins are aggregated through nodes, that power can continually grow in the hands of a few oligarchs.

But nice, non-applicable graphic to wow noobs and those who realize how absurd the insinuation is that qwizzie and other dash hypsters are trying to make.

Pages: « 1 ... 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 [112] 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 ... 205 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!