Achilles' heel : a weakness or vulnerable point. You Can Link Monero Transactions – But Which? And What's the Impact? http://www.coindesk.com/monero-link-transactions-debate/On Twitter, Reddit and across social media, a heated discussion has been playing out over findings published on MoneroLink.com. Launched on 14th April, the website provides a block explorer that lets users follow the inputs and outputs of a majority (62%) of transactions conducted before January 2017, a feat that was widely thought to be impossible.
The explorer is a practical implementation of techniques published in a research paper by Andrew Miller and Kevin Lee of the University of Illinois at Urbana-Champaign, and Arvind Narayanan and Malte Möser of Princeton University.
Since its publication, much debate has taken place over whether the findings of the paper have been presented accurately, and equally, whether the monero team's own research – which founder Riccardo Spagni says highlighted the same findings in 2015 – has communicated well enough to give users of the network a clear understanding of its limitations.
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Be carefull around Bitfinex guys, their cold wallet BTC amount seems to go down fast due to withdrawals : https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9rsource : https://bitcointalk.org/index.php?topic=1874463.msg18655605#msg18655605Coindesk article from today : http://www.coindesk.com/wire-transfer-bitcoin-exchange-bitfinex/Latest announcement from Bitfinex today : https://www.bitfinex.com/postsApril 20, 2017
This update is further to our announcements on April 13, 2017, and April 17, 2017, with respect to inflows and outflows of customer fiat funds to and from Bitfinex.
Bitfinex, unfortunately, continues to experience temporary delays in the processing of outbound fiat wires. We are developing alternative channels to address these delays, but this takes time. We appreciate the patience and loyalty demonstrated by our customers and the community in this matter. We were advised by our banks that we would be able to process outbound wires in HKD and CHF, and while we were able to successfully process several such transactions, we are now being told that the moratorium is being extended to these currencies, as well. Domestic transfers in all currencies within Taiwan, however, are working with no problems or delays.
Bitfinex is not alone in the bitcoin community in confronting challenges presented by correspondent banks; other exchanges in the digital currency ecosystem are also being affected. However, we are no longer in a position where we can wait for our existing banking partners to provide viable solutions. Accordingly, we are taking steps to work with our attorneys to ensure they are able to satisfy any requests and claims from customers. We are confident that this short-term solution will allow us to meet our fiat obligations to customers. However, it will likely be a one-time option per customer for USD withdrawals. It is not an ongoing solution to the correspondent banking problem and customers should be advised that they will be required to provide an appropriate acknowledgment of payment for claims in order to receive their fiat funds. Nonetheless, we believe it is important to build this solution for the immediate needs of our customers. This is also taking some time, and we will report back on our progress as soon as we are able.
We want to be absolutely clear here that Bitfinex is solvent. We have assets that exceed all user balances. We also want to emphasize that digital token trading is not affected on Bitfinex. We are developing facilities for different currencies, but in the interim, customers are welcome to trade and to undertake financing on Bitfinex and to deposit and withdraw smoothly using the available suite of digital tokens. We want to apologize again for this continuing inconvenience, and to assure our customers that we are doing everything to get back to normal operations. We thank you for your ongoing patience. More Bitcoin Exchanges Fall Victim to Banking Problems : https://news.bitcoin.com/bitcoin-exchanges-victim-banking-problems/Following Bitfinex’s announcement to disable fiat deposits, more bitcoin exchanges are having the same issue. The other trading platforms have also disabled incoming USD wire transfers, citing bank account and “intermediary bank” problems. But why the sudden change? what do these services have in common ?
They all have accounts of the 8 Taiwan Mega banks. (per wire origin from users) Taiwan AML and banking reforms. This is an evolving story. Taiwan has been a banking mess for years but in the last few years they wished to be a world bank center and fintech startup incubator. So as a country, they have been attempting to go through these reforms to meeting this goal. Many crypto currencies exchanges/services and MSBs choose to bank in Taiwan because they have more lax compliance/AML/KYC requirements then some banks but enough to meet the agreement in the US Banks. However, USA has changed these requirements recently at a Fed level. If you like USD you must comply. This just shows there is no escaping the compliance/AML/KYC requirements around fiat gateways.
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Partial Instamine is a non-issue. 1. Bill Gates pre-mined Microsoft stocks. 2. Mark Zuckerberg pre-mined Facebook stocks. 3. Vitalik pre-mined Ethereum. 4. Crypto-coins are both digital gold and a stock. I believe that creators need to have financial incentives to make their projects a success. EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read ! https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in ! -Technologov For you maybe. The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so. But he didn't. He broke a social contract with the community and that's a bad and dishonest thing to do. But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward. Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened. Which means he did not break any social contract. You realize that informing everyone that he would instamine and later briefly offering an airdrop before quickly withdrawing the offer are two completely different things, yes? If you're going to spin and offer excuses, at least try to use ones that actually make some sense. Okay, i misread that part but that still does not mean he broke any social contract with the Dash community. The instamine happened due to faulty coding and bad preparation while attracting the attention of a lot of miners with high hashrate. He made up for his mistakes by his hard work with developing the coin, the community moved on and the coin has grown into something much larger now then was first envisioned.
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Heh, the community meaning those few who participated in the first hours which distributed 1m+ coins? They didn't want to roll back? No shit. Glad they've made lots of money but this will always hold Dash back from being a top coin, current price aside.
I hope you don't find these insta-mine threads or questions asked by reporters annoying, because I don't expect they'll go away, ever.
Lets see : Dash added to several major exchanges ? check Dash available on several FIAT gateways to make it more independant of Bitcoin ? check Dash making strategic partnerships with light wallet providers on Android, iOS and other relevant platforms ? check Dash in control of its own marketing, own budget and own governance ? check Dash in top 10 with regards to marketcap ? check Dash expanding in other regions / countries ? check Dash has a clear goal and the means to achieve it ? check I say Dash currently is a top coin, current price aside. I say Dash will stay a top coin, regardless of discussions that take place in this specific Bitcointalkforum. I say Dash instamine history can be brought up as much as you all want to bring it up, but it will not change the market in which Dash (and other cryptocurrencies) move and grow over time. Dash getting used for any real world purpose besides speculation? *crickets* Does this look like an organic ramp up of usage to you? https://bitinfocharts.com/comparison/dash-transactions.htmlWhen you need a real store of value, it's BTC at the top, now being challenged by ETH. When you need privacy or fungibility it's XMR or possibly newcomer, ZEC. Note Dash is not being considered by the grey/dark markets because it's not viable for those. https://themerkle.com/cradlecore-may-introduce-new-monero-and-ethereum-ransomware/Any real world purpose ? yes, there are lots of debitcard providers onboard with Dash or soon getting onboard with Dash that make Dash useable in the world. Also Dash got added recentely to Whaleclub as a second base currency (first one is Bitcoin), which means Dash can be traded now on traditional markets like stocks, metals, forex and bonds. Not to mention that integration with Wall of Coins opens up a whole new OTC market for Dash. With regards to the transactions, that will no doubt increase over time. Specially once Dash Evolution goes public end of this year (also be informed the alpha release is now only a few months away). One could say that this is smart money getting into Dash, in anticipation of Dash Evolution and maybe also because people are getting aware of the problems with Bitcoin. Problems with reaching consensus about the direction that Bitcoin should take, the delay in the confirmation time of its transactions, problems with high fees. There is still pretty much a civil war raging that is tearing Bitcoin apart and is undermining its world usage and most certainly it is preventing world adoption. Bitcoin is slowly turning into a store of value only, with high fees while growing ever more centralized. In the end it will be nothing more then digital gold. Dash can offer people a choice, for masternode owners it can offer Dash as a store of value with its steady stream of masternode rewards, for merchants it can offer instant payments to settle point of sale transactions in their shop and for not crypto users it can soon offer bearing accounts, where they can earn some interest by just holding their Dash in a saving account (this will be part of Dash Evolution). Dash can also offer optional privacy on the blockchain, while keeping its compatibility with Bitcoin. What Dash is doing is basicly jumpstarting its infrastructure and its developing and spreading its own ecosystem. People are starting to notice it this year, when they read the many announcements of Dash strategic partnerships with exchanges, wallet providers and businesses that Dash has been preparing these last two years. This process will only get stronger in the next few years. What you are witnessing is the birth of a true decentralized autonomous organisation and the power that comes with it, the power to disrupt.
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Partial Instamine is a non-issue. 1. Bill Gates pre-mined Microsoft stocks. 2. Mark Zuckerberg pre-mined Facebook stocks. 3. Vitalik pre-mined Ethereum. 4. Crypto-coins are both digital gold and a stock. I believe that creators need to have financial incentives to make their projects a success. EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read ! https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in ! -Technologov For you maybe. The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so. But he didn't. He broke a social contract with the community and that's a bad and dishonest thing to do. But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward. Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened. Which means he did not break any social contract. Heh, the community meaning those few who participated in the first hours which distributed 1m+ coins? They didn't want to roll back? No shit. Glad they've made lots of money but this will always hold Dash back from being a top coin, current price aside.I hope you don't find these insta-mine threads or questions asked by reporters annoying, because I don't expect they'll go away, ever. Lets see : Dash added to several major exchanges ? check Dash available on several FIAT gateways to make it more independant of Bitcoin ? check Dash making strategic partnerships with light wallet providers on Android, iOS and other relevant platforms ? check Dash in control of its own marketing, own budget and own governance ? check Dash in top 10 with regards to marketcap ? check Dash expanding in other regions / countries ? check Dash has a clear goal and the means to achieve it ? check I say Dash currently is a top coin, current price aside. I say Dash will stay a top coin, regardless of discussions that take place in this specific Bitcointalkforum. I say Dash instamine history can be brought up as much as you all want to bring it up, but it will not change the market in which Dash (and other cryptocurrencies) move and grow over time.
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Partial Instamine is a non-issue. 1. Bill Gates pre-mined Microsoft stocks. 2. Mark Zuckerberg pre-mined Facebook stocks. 3. Vitalik pre-mined Ethereum. 4. Crypto-coins are both digital gold and a stock. I believe that creators need to have financial incentives to make their projects a success. EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read ! https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in ! -Technologov For you maybe. The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so. But he didn't. He broke a social contract with the community and that's a bad and dishonest thing to do. But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward. Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened. Which means he did not broke any social contract. Could you please give more details about the instamined coins ? Where are they ? and is it possible to track them ? If they were mass sold on exchanges, it could mean that dash's creator wanted either to create a development fund for DASH, or just fill his pockets. Maybe both, but i think that it would be better if we have more informations about it. And please, ignore the trolls, i know that many of them doesn't even know what is a premine or an instamine. InternetApe & Vertoe (early Dash dev team members) both already sold their Dash. Evan Duffield has pledged to hold 80% of his personal wealth for internal DAO's / community projects. link : https://www.dashforcenews.com/ryan-taylor-new-dash-core-ceo-founder-evan-duffield-moves-advisory-role/No founding member now has any direct control over Dash’s development
This move completes a shift away from direct control over Dash’s development by any founding member. During the Dash Core offices open house in Scottsdale last month, Duffield announced that he had deactivated all his masternodes, meaning that he no longer has a direct vote in how Dash’s treasury is spent. He also pledged 80% of his personal wealth to community projects, on which he intends to focus his attention as Dash as a whole grows to reach as many people as possible.
The net result of this reorganization is that, while sole remaining founding member Duffield still plans on remaining active in Dash’s growth, and is incentivized to see it continue to succeed, no founder now controls Dash directly in any way. This move to further decentralize the currency also displays great faith in Dash’s future, Core team, and community.
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Partial Instamine is a non-issue. 1. Bill Gates pre-mined Microsoft stocks. 2. Mark Zuckerberg pre-mined Facebook stocks. 3. Vitalik pre-mined Ethereum. 4. Crypto-coins are both digital gold and a stock. I believe that creators need to have financial incentives to make their projects a success. EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read ! https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in ! -Technologov For you maybe. The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so. But he didn't. He broke a social contract with the community and that's a bad and dishonest thing to do. But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward. Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened. Which means he did not break any social contract.
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thats pretty amazing .. current number of masternode : 4415 ATH : 4486
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That explains it then, thanks ddink7
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Hi, I just found out about this project, what was the ICO price?
Why do you think there was an ICO price ?
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interesting.. thanks. edit : wow, you have Joël Valenzuela as the editor of Dash Force News .. nice.
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Is their a betting pool or something what it will be ? If so here is what i am betting on, DASH accepted on Apple *PS long time lurker here since before even the birth of dash(hence the name), and holder Nope there's nor pool neither poll, I don't see anyone voting for dash being added to cryptopia or yo-yo exchange. U should keep in mind that larger exchanges rejected dash not by accident. It had something to do with shittiness of dash core. I will not tell u more as I own dash but the idea is there. Trunk is rotting while smaller branches keep flourishing. U have to find the origin of the disease if u don't want branches to die. Great, another one for my growing ignore-list. Now if we could just find the origin of these fudsters, we could cure it once and for all.
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And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.
because pivx was not instamined like dash, but dash was not actually instamined, darkcoin was instamined up to 5 million from the dev, and then they did the swap with the so called dash, but one is a pos and the other cna still be mined, even if dash is bad because instamined, i still like it more because you can mine Just to be clear : there were only name changes involved. Xcoin : conflict with another coin so a new name was needed Darkcoin : needed a rebranding for mainstream adaption Dash : final branding name These name changes did not involve a change from proof of work (POW). Dash just put a second tier on top of the miners, called it proof of service and gave the masternodes of that second tier rewards for providing services to the network. (PrivateSend, InstantSend, Voting). Masternodes and miners each earn 45% of the blockrewards and 10% of the blockrewards goes to the decentralized budget system. There also exist a Dashcoin but that is a totally seperate cryptocurrency, not to be confused with Dash. FYI
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I phrased my previous thread quite badly so here it is again.
There was a paper released on Monero saying that about 20% of transactions could be traced (not sure how true) and smooth said that there are known flaws in Monero. At the same time, Dash always has the premine problem, so are Zcash and PIVX better for anonymity?
Dash does not have a premine problem because it was never premined. Please try to stick to the facts. Fastmine / instamine : yes Premine : no Quibbling over the difference of a premine and an instamine is like quibbling over 2 * 1 versus 2 x 1, they both = 2 And i will just keep correcting those that are trying to label Dash as a premined coin. Eventhough they should know better.... And looking at the Dash market it is very clear the instamine from more then 3 years ago does not form a problem either. Specially not to its optional anonymity process. Why would it ? The anonymity of Dash never got broken. Sure it can take some time to mix, specially with 8 mixing rounds but i suspect that changes when Dash Evolution gets released.
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I phrased my previous thread quite badly so here it is again.
There was a paper released on Monero saying that about 20% of transactions could be traced (not sure how true) and smooth said that there are known flaws in Monero. At the same time, Dash always has the premine problem, so are Zcash and PIVX better for anonymity?
Dash does not have a premine problem because it was never premined. Please try to stick to the facts. Fastmine / instamine : yes Premine : no
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The instamine is indeed a non-issue, if only for the fact that it lost its relevance over time and its community simply moved on a long time ago.
It is always interesting to see what kind of people still feel pressured to post replies in topics like these. Specially when they are preaching against dishonesty and fraudulent schemes, while they were themself involved in that exact behaviour. I call that hypocrisy at its finest.
So, how are things with Steemit .. smooth ? Maybe you can tell us a bit more about your ninja-mining period with Steemit, so we can all learn from it.
We are all hungry for knowledge....
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This is what a 14.4K buy-order looks on Poloniex
For now i'm calling it the MOABO (mother of all buy orders), but please correct me if you have seen larger buy-orders. i'm actually curious what the largest buy-order is that you have ever seen for Dash....
Catched my attention yesterday too. I wonder how can have one such a large sum on an exchange and sleep at night !? I first thought it to be a thrown up defence wall but then it quickly started to move upward in a clear intend to accumulate Dash. It is the main reason why the price has moved up some 7% over the last 24 hrs. Sellers dumped into that 14.4K as well, or it would have been a much higher rise.
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Looks like that whale means business. He/she is now seriously buying upwards. I wonder what the news is that Amanda will make an extra Youtube episode about on monday. Long-awaited industry news Could it be early release of Dash Evolution on Testnet ? Or another major exchange adding Dash ? What are your thoughts ? If I had to guess... considering the use of the words "airdropped" and "long-awaited" I would think that the news is that Dash has been approved by Apple. I did not think of that, that would be very good news too. Luckily for us monday is just around the corner so we should know more pretty soon.
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