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2941  Alternate cryptocurrencies / Altcoin Discussion / Monero's Achilles' heel ? on: April 22, 2017, 02:31:49 PM
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/

Quote
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.
2942  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 20, 2017, 05:17:26 PM
Be carefull around Bitfinex guys, their cold wallet BTC amount seems to go down fast due to withdrawals  : https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
source : https://bitcointalk.org/index.php?topic=1874463.msg18655605#msg18655605

Coindesk article from today : http://www.coindesk.com/wire-transfer-bitcoin-exchange-bitfinex/
Latest announcement from Bitfinex today : https://www.bitfinex.com/posts

Quote
April 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/

Quote
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.

Quote
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.


2943  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 20, 2017, 10:57:17 AM
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?  Wink

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.



  


2944  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 19, 2017, 05:52:16 PM

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.html

When 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.


  


  
2945  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 19, 2017, 04:00:33 PM
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?  Wink

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.
  

2946  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 19, 2017, 09:10:53 AM
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?  Wink

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/

Quote
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.
2947  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 19, 2017, 08:58:51 AM
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?  Wink

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.
2948  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 19, 2017, 07:45:28 AM
https://themerkle.com/instamine-vs-premine/

For those that are still trying to grasp the meaning of the term instamine
versus the term premine.
2949  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 18, 2017, 05:37:20 PM
Someone just setted up a good bunch of Mnodes  Cool

http://178.254.23.111/~pub/masternode_count.png

thats pretty amazing .. current number of masternode : 4415
ATH : 4486
2950  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 18, 2017, 03:42:35 PM
That explains it then, thanks ddink7
2951  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 18, 2017, 12:39:18 PM
Link : http://www.coindesk.com/bitcoin-traders-raise-concerns-largest-us-dollar-exchange-halts-deposits/
Coindesk managed to bury this article pretty fast from main page to .. well .. where-ever it is right now.

Now i can understand the higher price at Bitfinex, but why is it also equally driving up the price at Poloniex and not at
other markets ?

2952  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 18, 2017, 06:58:54 AM
Hi, I just found out about this project, what was the ICO price?

Why do you think there was an ICO price ?
2953  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Dash Force News Website Is Live! on: April 17, 2017, 10:59:17 AM
Dash Force News Website Is Live!


Visit: http://www.dashforcenews.com

https://youtu.be/B4SUsbC675g

#dash_force

interesting.. thanks.

edit : wow, you have Joël Valenzuela as the editor of Dash Force News .. nice.
2954  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 16, 2017, 07:52:14 PM
Quote
Amanda knows something, stay tuned! Cool

https://twitter.com/DASHdetailed/status/853288005301305345

Is their a betting pool or something what it will be ?  Tongue
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.
2955  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 16, 2017, 05:42:34 PM
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

2956  Alternate cryptocurrencies / Altcoin Discussion / Re: Are PIVX and Zcash viable alternatives? (Controversy around dash and Monero) on: April 16, 2017, 05:22:13 PM
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.
2957  Alternate cryptocurrencies / Altcoin Discussion / Re: Are PIVX and Zcash viable alternatives? (Controversy around dash and Monero) on: April 16, 2017, 05:08:21 PM
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
2958  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Instamine is a non-issue. on: April 16, 2017, 09:40:35 AM
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....





2959  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 16, 2017, 08:56:30 AM
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.
2960  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 15, 2017, 10:46:33 PM
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.

Quote
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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