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I recently noticed the block reward is at 1/3 now from last year and the hashrate is almost x10 compared from jan 2015
jan, 2015 ~ 45 block reward
jan, 2016 ~ 15 block reward
DSH mining is getting scarce and unprofitable...price might increase..
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let me add why honesty is important to any coin, honesty breeds trust, aside from technical mambo jumbos, trust is a major pillar in crypto currency because it isn't backed by any government, gold, or institution/s.
Many dash proponents appear to think that Profits > Honesty but be wary, these dash proponents twist it like this... communism = fair launch. capitalism = instamine that helped and incentivized the development of dash. this is not an issue about communism and capitalism...it is a simple issue of honesty. |
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let me add why honesty is important to any coin, honesty breeds trust, aside from technical mambo jumbos, trust is a major pillar in crypto currency because it isn't backed by any government, gold, or institution/s.
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smooth pointed it out...It was planned all along  Masters
To defeat propagation problems, master nodes are elected each new block. They are responsible for being the authority of what goes into the joined transaction each session. This is done in a tamperproof way, but I think it’s not important to the discussion.
connected Great, now that everything is stable, I'll be posting later about the vision of this project and milestones! Time to move on to actually implementing what I set out to do.
Great indeeeeed $$$$$$$$$$ |
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having said that masternodes are the "mining farms" of DASH
comparing DASH to Bitcoin.. Bitcoin mining farms existed years later on...while "DASH mining farm/s"(masternodes) existed since the instamine happened.
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If Dash really is flawed and vulnerable, it should be easy to raise the funds to attack it while it is, by all accounts, young. Why wait for a juggernaut to get even larger... if anything, prove the flaws and in theory, crush the desire to hold it. There are countless rehashed arguments about the launch and masternodes and this and that. If you don't like the history, don't buy the coins. If you just heard about the launch (which is impressive given that it's now nearly 2 years old) and are displeased or feel betrayed, sell your coins. It's exhausting hearing the same shit over and over again. Masternodes, IX, blockchain voting, DS, etc all didn't exist for months after the initial launch.
it is only a month after launch but eduffield already have plans for his instamine...i think he have that plan much earlier, before he posted. In reply to: http://www.reddit.com/r/DRKCoin/comments/1yit1a/using_coinjoin_for_anonymity_is_errorprone/I'm posting this here, for everyone's benefit. Thanks! Hi, I am Gnosis, the Anoncoin developer working on implementing Zerocoin. First of all, I think it is excellent that there is so much interest in developing a fully anonymous currency. I am not just a developer but also a user, or I will be when an anonymous currency exists! When coin creators compete, the coin users win! However, CoinJoin has been around for a while, and it has not seen much use for anonymity. There's a good reason for that: it's not very anonymous. Quoting my bitcointalk post: CoinJoin has questionable anonymity compared to Zerocoin. The reason is that with CoinJoin, two or more users must somehow partner up and forge a transaction together. They communicate over a secure channel to do this. The coins are only mixed among these "partners." Picking partners you can trust is a significant obstacle: how can you know that your partners will "forget" the mixing that happened? One may try to repeat this 10 times with randomly chosen partners, but how can you know that your partners are not all just sock puppets of one malicious entity (on an anonymous network, it is trivial to create as many fake users as you want )? If that is the case, then your efforts are in vain.
Compare this with Zerocoin, where you put your coins in an accumulator, and they are mixed with the coins of all users who have put coins into that accumulator, since the beginning of Zerocoin. There would be a different accumulator for different denominations of Anoncoins (1, 5, 10, 50 ANC, etc.).
To put it simply, the more users' coins your coins are mixed with, the more anonymity you have.
I cannot speak to Darkcoin's implementation (or planned implementation) of CoinJoin since I cannot seem to find any specs or code on their Github or their site. If anyone knows, please point me to them. I look forward to a practical and secure solution for anonymity from the DarkCoin devs!  First off, these are fantastic questions. The answer to implementing this in such a way where it is very difficulty to exploit is by adding cost and verification. Here’s the gist of how I envision DarkSend to work in the long run. Some of what I’m going to mention is done, some of it I’m working on currently. I’d love some ideas on possible attack vectors on my implementation, so we can make it as bulletproof as possible. PoolsDarkSend adds various extensions to the Bitcoin protocol for implementing transaction pooling. Like normal Coinjoin the pools take transactions in stages. The stages currently are: POOL_STATUS_IDLE POOL_STATUS_ACCEPTING_INPUTS POOL_STATUS_ACCEPTING_OUTPUTS POOL_STATUS_SIGNING POOL_STATUS_TRANSMISSION So the users relay these items throughout the network as the stages happen. After all items are gathered into the pool, the transactions are merged together into one, remotely signed and then broadcasted. Masters
To defeat propagation problems, master nodes are elected each new block. They are responsible for being the authority of what goes into the joined transaction each session. This is done in a tamperproof way, but I think it’s not important to the discussion. So what is the cost? There must be a cost to using this anonymous network, otherwise like you say there will be issues with millions of accounts popping up. I’m not dead set on which solution(s) to implement, but here’s a couple ideas: Burnt IdentitiesHigher difficulty shares to the current block would be mined and then stored in the blockchain permanently. Multiple of these would be used for each transaction and would be “burnt” when misused, causing the attacker to have to mine them again. Verification? To use the pools it will require unique unspend outputs, someone that wants to mess with the system would have to have a large pool of funds in many addresses. So to attack a pool with 100 slots, you would require funds dispersed to 99 addresses, on 99 nodes working in common. Other possible fee-less solutions? There is interesting research on protecting against sybil attacks that lends itself really well to a decentralized ledger, such as this paper: http://dimacs.rutgers.edu/Workshops/InformationSecurity/slides/gamesandreputation.pdfThe idea is to build a social graph of the inputs and outputs of each entry and they should all know different people. If 99 of them all have the same “friends” that they associate with, then they’ll have to enter a different pool. Which will ensure the pool is not full of the nodes belonging to the attacker. An application for machine learning? I’m been making models for trading equities for over 7 years now. I ran a financial firm that sold the signals for a few years and I have experience with natural language processing using classifiers. So, I could make a classifier and actually embed it into Darkcoin to determine which pool a node should use, to separate out nodes that seem to be in common. Other ideas? I’m open to ideas on how to provide the best security to the network. I would love to hear what people have in mind. I’ve been working on DarkSend about a month and we’ve already fixed the decentralization and propagation issues, this is just another bridge to cross in the future. Thanks! |
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I had to look, LOL.
Question was, what would keep Dash from becoming part of the system?
First of all, Dash will never have to accept funds and support through altruism nor some big company or institution. It's self funded and completely independent.
Actually, that's all you need.
First of all, Dash will never have to accept funds and support through altruism nor some big company or institution. It's self funded and completely independent. with the instamine locked in masternodes and gains interests... of course it will be self funded and altruism is out big company or institution?...it is becoming part of bitcoin community in my eyes....and add altruism to that  |
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Whiny Whiny, if they know about Dash, what's the problem? Move to Dash and you won't be set back 3 years, silly, you'll be vaulted 3 years to the future, and no, Dash will never leave you high and dry (or with not enough space to grow) Who wrote that piece? Why are they still using Bitcoin? Bitcoin is made for Banker's settlements, etc... and no longer has the same vision as those whom created it. Bitcoin is part of the system now.and what would make DASH resistant to becoming a "part of the system" in the future? |
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I love how you guys are moderating this thread and erased my previous post. So for all off us out here that hold this coin. Please provide us with a white paper and all of the up coming innovation and a list of who our devs are on this coin. What are the reasons as to why I should keep accumulating. What is the media strategy, what are the list of current merchants accepting DSH. For the record...I'm not here to troll and spew filth like you did for months over on our forum. I'm here to ask some simple questions. Cheers I love how you guys are moderating this thread and erased my previous post. how? where? this thread is not moderated  Please provide us with a white paper and all of the up coming innovation and a list of who our devs are on this coin this coin is a "perfect clone of bytecoin" without the 82% premine --> there... you got all the answers for that. kushedout and papa_lazzarou i think is in charge of cloning and the OP. What is the media strategy, what are the list of current merchants accepting DSH. none. everything is depends on the community on what they would do with this coin. What are the reasons as to why I should keep accumulating all crypto coins are speculative, dashcoin included..so it is up to any individual to buy or sell any amount they want ... anyway this is a very cheap coin so i think there are no big time butt hurting on this one. |
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ninja mined coins are not in circulation (in masternodes) and there was a supply reduction.... of course it will increase in price due to lack of supply  plus POS masternodes encourages locking coins because you earn interest...less coins in circulation, the rule of "supply and demand" follows. Yes, Dash has a track record of making development decisions that make the coins people own more valuable. When the next such development happens, I guess people who don't own any will moan about that too? i was talking about the supply manipulation not development ....nice twist btw haha |
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I am a bit skeptical of Dash, but I've been wrong before and I could be wrong about Dash. So, I have a question.
IIUC when Darkcoin/Dash was first released Evan Duffield told people that mining would start at a certain time. However (and again this is my understanding and I could be wrong), Evan then went and issued it early with the result that miners who had believed it would be released as he had said missed the early mining stage when many (?) coins were released/mined.
Is this correct, or have I been misled?
If it is correct , did Evan Duffield ever explain why, the release time was moved?
Sugar Coating Articlehttps://dashdot.io/alpha/?page_id=118...and DASH price increases ninja mined coins are not in circulation (in masternodes) and there was a supply reduction.... of course it will increase in price due to lack of supply plus POS masternodes encourages locking coins because you earn interest...less coins in circulation, the rule of "supply and demand" follows. |
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the ninja mined coins are placed in masternodes.
masternodes competes with gpu and cpu miners.
ninja mined coins in masternodes POS are the "mining farms of DASH"
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haha illodin(DASH story) and me(dashcoin story) both answered HAHA I blame evan duffield for this confusion |
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^ What's with the supply reduction? And how can they do that in the middle of the game? That's not good if you're trying to set up a 'currency'. I mean... wtf dude?
supply reduction is 10000 to 1 ... your 10,000 coins becomes 1 ....distribution wise - nothing is altered. the objective of supply reduction is not to reach 1 satoshi - that may kill the coin in the exchanges once it hits BTC-DSH trading. |
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Edited my post to...
Dash was ninja mined by the dev himself. I say good job to that. Long term success sacrificed for short term gain. That says a lot about the dev.
It could be good for you if you know how to trade and profit from it. If you're a miner, I'm not sure if it's profitable for a newcomer to mine it.
tried to mine it march, 2014 it was too late LOL |
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Sorry for this newbie question. In Poloniex, I see DASH and DSH wallets. I believe they are different coins due to forks? ehTeel bad for you guys. Maybe DASH with get renamed and fix everything for you all . Oh...One coin is more expensive than the other in Poloniex. The price difference is significant. That is correct, DASH is way over priced and DSH is under valued. Given that DSH has better tech than DASH. LOL!!!!!   |
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before you all get pretty hyped up, here is something to drink buddies  DASH and DRINK with INSTAMINE-X LOL!!! |
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So you are broker expert? Financial advisor?
You must be fucking rich. hehehehe
this is what leocoin MLM people try to show the people who are joining...some fucking rich people are behind and some fucking rich company is behind it is human nature at align to rich people to become rich ---> this is how you get fucked deeply and painfully (investments gone) insurance companies even encourages their agents to look rich and successful..drive a nice car to your clients--->this helps to strike a sale of insurance policy.. the MLM top echelon marketeers know this shit very well.. they even host large expensive events in Manila. |
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Whatever
Shitcoin, scam....each person have his own oppinion.
I know only one thing i was making good profit with coin when price was normal.
Now is price low and i hope will raise again, so i can make more profit.
About MLM i dont give shit at all and i dont care who is stupid to join MLM.
There are always people who make good money with MLM if they on TOP, but im sure
they need to work hard to get there. MLM s not for me and all those people who buy some
MLM package or invest money in MLM they should know why they did that.
So i support Coin not MLM and we should write here about LEOcoin not LEO Corp MLM.
Now is price low and i hope will raise again, so i can make more profit. the question is..is it low or dying? if it is dying it doesn't matter how low you buy because a dead coin has no value = 0 There are always people who make good money with MLM if they on TOP, but im sure
they need to work hard to get there. MLM s not for me and all those people who buy some
MLM package or invest money in MLM they should know why they did that.
So i support Coin not MLM and we should write here about LEOcoin not LEO Corp MLM Leocoin foundation chairman is the founder of leocoin (dan anderson) and they do have the premine .. they run the MLM and they don't even give a shit on the development of the coin...when their MLM scam comes to an end so will leocoin |
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