That could be useful for arbitrage, assuming both exchanges had instant transactions activated.
Problem of course is conversion back to btc (or whatever coin), so it wouldn't necessarily be equal value. It depends on if the conversion + trading fees is less than the btc fees when sending.
But yeah, could be useful, in the same way doge is... lots of folks use doge to send between exchanges just due to the low fees involved. However then it also depends on what fees exchanges charge to send dash.
Taking advantage of arbitrage opportunities would be the perfect use case for this tech. You wouldn’t have to worry about changes in value because the transfer between exchanges would be instantaneous. Unless of course one exchange had a wildly different value, which doesn’t happen often, and maybe then Dash would be the target of the arbitrage...  |
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Instant Dash transactions: A potential tool for traders!If current Dash instant transaction technology was implemented by all exchanges, there would be no need to wait for BTC confirmations. Dash could be used as the defacto currency of traders, allowing instant value transfer to and from exchanges. We should never stop getting this word out to those exchanges! They have nothing to lose and happy customers to gain.  #Dash #DashNation |
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Instant Dash transactions: A potential tool for traders!If current Dash instant transaction technology was implemented by all exchanges, there would be no need to wait for BTC confirmations. Dash could be used as the defacto currency of traders, allowing instant value transfer to and from exchanges. We should never stop getting this word out to those exchanges! They have nothing to lose and happy customers to gain. #Dash #DashNation |
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Curious about Dash's new Platform? Christopher (Tao) breaks down information shared at a recent presentation and helps explain the basic concepts of Dash Platform, previously known as Evolution.  #Dash #DashNation |
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Curious about Dash's new Platform? Christopher (Tao) breaks down information shared at a recent presentation and helps explain the basic concepts of Dash Platform, previously known as Evolution. #Dash #DashNation |
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For those who learn better by reading than by watching: "Reality Check: The Truth about Dash's Launch"A new blog post on Medium! Give some claps and leave a comment when you get a chance. Link can be reached through the image.  Excerpt from blog:...I went along with this strategy for quite some time, years in fact. However, I finally reached a point where I could not anymore stand to see Dash's name dragged through the mud by individuals within the blockchain industry. I made up my mind that it would be best to have passionate blockchain industry participants friendly to Dash. This would lead to more investment, more development, and an all-round more friendly and productive environment to work in.
The narrative of the researchers had to be challenged.
As a result of that thinking, I took it upon myself to investigate the launch of Dash. I wanted to see if the conclusions that were drawn by the research team were based on reality or negative assumptions.
In this blog post, I will summarize my findings about the circumstances around the Dash "fastmine" and invite you to watch the full documentary...# DashNation #Dash |
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For those who learn better by reading than by watching: "Reality Check: The Truth about Dash's Launch"A new blog post on Medium! Give some claps and leave a comment when you get a chance. Link can be reached through the image. Excerpt from blog:...I went along with this strategy for quite some time, years in fact. However, I finally reached a point where I could not anymore stand to see Dash's name dragged through the mud by individuals within the blockchain industry. I made up my mind that it would be best to have passionate blockchain industry participants friendly to Dash. This would lead to more investment, more development, and an all-round more friendly and productive environment to work in.
The narrative of the researchers had to be challenged.
As a result of that thinking, I took it upon myself to investigate the launch of Dash. I wanted to see if the conclusions that were drawn by the research team were based on reality or negative assumptions.
In this blog post, I will summarize my findings about the circumstances around the Dash "fastmine" and invite you to watch the full documentary...# DashNation #Dash |
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Decentralized Deeper Thought: The Truth about Dash! #Dash #DashNation |
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Decentralized Deeper Thought: The Truth about Dash! #Dash #DashNation |
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Happy to have piqued both of your interests! See you tomorrow.
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A common explanation for the Dash "instamine" (fastmine is a more appropriate term) was that since Litecoin had a fastmine, Dash's fastmine could be attributed to a bug from the Litecoin code.
This explanation, which is also featured in Dash's official summary here:https://dashpay.atlassian.net/wiki/spaces/OC/pages/19759164/Dash+Instamine+Issue+Clarificationwill need to be changed. Through my research I have discovered that there was another culprit responsible for Dash's fastmine. That was never a common explanation (i only ever heard it mentioned by 1 person) , nor is it described like that in Dash official summary. Let me quote Dash's official summary : XCoin as it was called at the time was based off of the Litecoin code base, which unbeknownst to the developers contained restrictions on the frequency and extent of adjustments which
the network could apply to mining difficulty.
Because of these restrictions, and the popularity of mining the coin, the network produced a large number of blocks with the maximum allowable coins in each block. This does not indicate a Litecoin fastmine to me, it just indicates the factors that played a role in Dash unique fastmine / instamine. As a reminder, Dash was first forked from Litecoin codebase and later on forked from Bitcoin code base. Just because Dash was originally forked from Litecoin and had a fastmine / instamine, does not mean Litecoin must have had a fastmine / instamine as well. I dont see anything that needs to be changed in the Dash official summary so far, unless you found something that completely invalidate above quotation (which would surprise me). The part of the explanation above (in bold and in red) is not entirely correct. I will surprise you. Well, i will await your documentary as i am curious what you consider "not entirely correct". But i do want to point out there are plenty examples publicly available which supports the official statement that the instamine issue in part was due to coding issues : https://dashdot.io/alpha/?page_id=118   Yes, this research features heavily into my presentation, and supports my position that the restrictions of the Litecoin code were not responsible. You'll see why tomorrow. I've done my homework on this! |
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A common explanation for the Dash "instamine" (fastmine is a more appropriate term) was that since Litecoin had a fastmine, Dash's fastmine could be attributed to a bug from the Litecoin code.
This explanation, which is also featured in Dash's official summary here:https://dashpay.atlassian.net/wiki/spaces/OC/pages/19759164/Dash+Instamine+Issue+Clarificationwill need to be changed. Through my research I have discovered that there was another culprit responsible for Dash's fastmine. That was never a common explanation (i only ever heard it mentioned by 1 person) , nor is it described like that in Dash official summary. Let me quote Dash's official summary : XCoin as it was called at the time was based off of the Litecoin code base, which unbeknownst to the developers contained restrictions on the frequency and extent of adjustments which
the network could apply to mining difficulty.
Because of these restrictions, and the popularity of mining the coin, the network produced a large number of blocks with the maximum allowable coins in each block. This does not indicate a Litecoin fastmine to me, it just indicates the factors that played a role in Dash unique fastmine / instamine. As a reminder, Dash was first forked from Litecoin codebase and later on forked from Bitcoin code base. Just because Dash was originally forked from Litecoin and had a fastmine / instamine, does not mean Litecoin must have had a fastmine / instamine as well. I dont see anything that needs to be changed in the Dash official summary so far, unless you found something that completely invalidate above quotation (which would surprise me). The part of the explanation above (in bold and in red) is not entirely correct. I will surprise you. Also i dont like how some of your posts are formulated : Dash founder Evan Duffield, while having a brilliant mind, was an impetuous sort in 2014, prone to rushing his code releases in his eagerness and rush to launch.
Can this position be disproven based on available facts? It comes across as clickbait / readbait and can possibly make google search results focus on the (misleading) title alone. I can understand the drive to promote one's own documentary, but please be a little bit more carefull how you approach this promotion. I disagree with your assessment, but respect your opinion. Thanks for the feedback. |
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A common explanation for the Dash "instamine" (fastmine is a more appropriate term) was that since Litecoin had a fastmine, Dash's fastmine could be attributed to a bug from the Litecoin code. This explanation, which is also featured in Dash's official summary here:https://dashpay.atlassian.net/wiki/spaces/OC/pages/19759164/Dash+Instamine+Issue+Clarificationwill need to be changed. Through my research I have discovered that there was another culprit responsible for Dash's fastmine.Tomorrow at 9:00PM UTC I will release my video documentary tackling the circumstances surrounding the Dash fastmine. I will clarify a lot of things that have been left open to interpretation, often leading to negative conclusions about the founder and the Dash project. Please tune in. Documentary title: Decentralized Deeper Thought: The Truth about Dash! Link to premiere page (don't forget to set a reminder): https://youtu.be/O39kWbOu11MTime and date of premiere: Friday, October 18th, at 9:00PM UTC. If you are open-minded and willing to learn or challenge your beliefs about what happened at Dash's launch in 2014, I hope to see you at the documentary! You will be able to comment and chat with others alongside the video when it airs. Kind regards, Christopher Carruthers (Tao Of Satoshi)
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A common explanation for the Dash "instamine" (fastmine is a more appropriate term) was that since Litecoin had a fastmine, Dash's fastmine could be attributed to a bug from the Litecoin code. This explanation, which is also featured in Dash's official summary here:https://dashpay.atlassian.net/wiki/spaces/OC/pages/19759164/Dash+Instamine+Issue+Clarificationwill need to be changed. Through my research I have discovered that there was another culprit responsible for Dash's fastmine.Tomorrow at 9:00PM UTC I will release my video documentary tackling the circumstances surrounding the Dash fastmine. I will clarify a lot of things that have been left open to interpretation, often leading to negative conclusions about the founder and the Dash project. Please tune in. Documentary title: Decentralized Deeper Thought: The Truth about Dash! Link to premiere page (don't forget to set a reminder): https://youtu.be/O39kWbOu11MTime and date of premiere: Friday, October 18th, at 9:00PM UTC. If you are open-minded and willing to learn or challenge your beliefs about what happened at Dash's launch in 2014, I hope to see you at the documentary! You will be able to comment and chat with others alongside the video when it airs. Kind regards, Christopher Carruthers (Tao Of Satoshi)
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Evan Duffield: A leader in the Blockchain industryIn this episode, Christopher (Tao) examines the blockchain innovations put forth by Evan Duffield and questions why he doesn't receive much recognition for them in the broader digital currency space.  #Dash #DashNation |
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Evan Duffield: A leader in the Blockchain industryIn this episode, Christopher (Tao) examines the blockchain innovations put forth by Evan Duffield and questions why he doesn't receive much recognition for them in the broader digital currency space. #Dash #DashNation |
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Dash founder Evan Duffield, while having a brilliant mind, was an impetuous sort in 2014, prone to rushing his code releases in his eagerness and rush to launch.Can this position be disproven based on available facts? Find out on "Decentralized Deeper Thought: The Truth about Dash!", this Friday at 9:00PM UTC.Link to premiere page: https://youtu.be/O39kWbOu11M#Dash #DashNation |
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The narrator of a popular critical video of Dash's beginnings has some pretty strong beliefs. But are these beliefs based on reality or assumptions?
 Find out on my documentary entitled "Decentralized Deeper Thought: The Truth about Dash!", Friday at 9:00PM UTC.Link to video page: https://youtu.be/O39kWbOu11M#Dash #DashNation |
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In advance of my upcoming documentary about the beginnings of Dash, I would like to open a few topics up for discussion. I'll be around intermittently to answer questions or comments.The documentary is an examination of a critical video about the early days of Dash. The following points that critical video makes about the "instamine" (fastmine would be a better word) and others will be investigated and results shown. Do you have any judgements or comments about any of the following? - Evan Duffield knew about the "instamine" because he had detailed plans for the coin? - The X-coin development team deliberately misled people about the launch time? - The "bug" in X-coin that led to the fastmine was inherited from Litecoin? - Does the fact that many cloud servers existed at launch mean that they were all Evan's? - Evan mined all two million coins in the fastmine? - The fastmine crew (either just Evan or others) now have majority control in Dash's governance? - The community voted to restart Darkcoin, and the vote was predominently no? These issues and more will be discussed in my upcoming documentary entitled: "Decentralized Deeper Thought: The Truth About Dash!"Link to video page: https://youtu.be/O39kWbOu11MThe video will premiere this coming Friday at 9:00PM UTC. You can visit the premiere page and set a reminder so you can watch and comment along with other interested viewers. Hope to hear from you, and of course see you at the premiere on Friday! |
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