Correct me if im wrong, but i always thought it was an instamine rather than a premine, still im annoyed i didnt mine them earlier or at least buy a few because i could have had fun while it lasted and dumped the whole lot in the beginning lol.
1) Dash's developer, Evan Duffield, released Dash before it's intended release date(Which means the instamine could also be partly counted as a premine)
Exactly. The coins which were mined previous to the announced release date are obviously premined, whether or not they were included in the genesis block. ^this makes the most sense. If I hold an election and votes cast in the first hours are worth more than votes cast afterwords, the vote would always have an asterisk next to it in the history books if the election date was moved up in the middle of the night and/or only those with rare credentials or at the right location were able to vote.
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I don't think the deepwebs will adopt Dash, due to the fact it has already been established to be a failed currency. It's not anonymous, and is easily traceable by the masternodes.
lol... masternodes can't trace anything unless you have basically all of them, which you don't. Where is the cryptanalysis proving your assertion? PDF format, please. Like this: https://downloads.getmonero.org/whitepaper_review.pdf
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Coin was released, mining started. Not the other way around. Do you know what a premine is?
The coin was released only to the dev's VMs. "You want me to trust your assertion that you accidentally mined 2 million coins and didn't relaunch to validate your claim of a fair launch?" says Institutional Investor.
"But it was an accident!" says Evan.
"Get out of my office." says Institutional Investor.
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Yay, I earned 5 XMR by shorting Digital Trash! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FN8kEVrM.png&t=663&c=nD8g4OQgv3caFA)
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Calling out someone for lying is now harassing? Do you know what a premine is? You know you've gone off the reservation when you have to put in "this is not a thread, it just sounds like one" disclaimers in your clearly threatening posts. As if a "this is not a threat it just sounds like one" disclaimer is going to impress a judge (or probation officer). ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) What that has to do with lying about DASH having a premine? DASH clearly had a premine because the dev mined millions of coins before releasing the software to the public, in contradiction of his earlier statements. Besides, calling someone a liar is completely different than saying "we know where you live, watch your back." You DashHoles have done that more than once. If Dash is funded by gamblers and mob lawyers, it shows here: https://dashtalk.org/threads/kyle-hagan-is-no-longer-part-of-the-development-team.3225/#post-33461Kyle needs to understand that many have invested their time and money in this technology and any threat to this investment will not be taken lightly nor will be ignored. A person who has a known location, known identity, young children and other responsibilities should act smarter and avoid making unwanted attention by getting drunk and talking shit. That's all I can say publicly about this issue and urge Kyle Hagan be smart about what he does and talks in the future. And here: And here:
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Here's a couple more examples of the DashHole cargo cultist's threatening 'attack-the-attacker' behavior: I too have been vexed.... And am trying to be civil in understanding IceBreaker aka Eduardo motivation here. I can see the odd comment every few months being thrown in.... But if one is to believe that this is the same individual behind the Hashfast-scam... I find this constant badgering to be incorrigible. I mean think of the irony and hypocrisy of his actions. I have real friends that where scammed and lost real money by this man's former company and he has the constant audacity to be here calling others scammers or even criminals. Unbelievable. Come on now - You're a BIG BOY Rich :-P You know that real criminals, that believe they will never be caught, like to flaunt around - 'LOOK AT ME!! CAN'T TOUCH ME!!' A time will come when he get's his We might not know what happened but - somebody will.... I'd hate to be Eduardo when the shit does down in his life. https://www.youtube.com/watch?v=1pCQS6_hJ28[disclaimer: this is not a threat but a fact of life - screw over enough people and some of those people just might come looking for you - if you think you live in a country where you can't be touched, LOL - depends on how hard you fucked somebody over - it is what it is mate (Eduardo is not a mate but a little bitch and you know what bitches get - and that's fucked - enjoy the DICK's Eduardo)] https://www.youtube.com/watch?v=05hTBAOnDQEedit: and of course in this previous scene: Eduardo is Steve........ HELLO!!! lol Karples arrested
EDuffield is next..... No wonder otoh... You are bold man: being known and identifiable in RL by the community and still harassing, and making such accusations... Your acts are a crime in the place where I am from. (Does it show you have already nothing to loose?)
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DashHoles get very angry and aggressive when you call out their scam. They are intensely interested in their critics' personally identifiable information, and often allude to negative consequences for enemies of their cargo cult. I wonder if they are the ones gmax reported making death threats, and that's why he's not clearing up the issue of who offered to pay him to use his name for marketing Dash's snake oil.
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China vehicle sales: 2004: 3 Million - 2015: 20 Million US vehicle sales: 2010: 10 Million - 2015: 17 Million
Consumer goods like vehicles are intentionally kept pumped up by cheap and easy credit. That's not an indicator of economic growth any more than flat panel TV sales or NFLX subscribers. Next you be pointing at Malibu real estate and the stock markets, burbling cheerful slogans about All Time Highs. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Learn to read a fucking chart and follow Zero Hedge Knowledge for 10 years, then get back to me with your cherry picked Pollyanna projections.
I would follow those conspiracy idiots at Zero Knowledge not for 10 minutes. Some alleged conspiracies on 0H turn out to be true. EG: before 2008, everybody yawned when 'paranoid libertarians' complained about the Plunge Protection Team. But suddenly: http://www.huffingtonpost.com/eben-esterhuizen/conspiracy-is-goldman-sac_b_186629.htmlTyler Durden, one of the best financial bloggers around, have found some circumstantial evidence that suggests the mysterious Plunge Protection Team (PPT) has recently been boosting the stock market. And some might say Goldman Sachs is running the show...
The Working Group on Financial Markets, known colloquially as the Plunge Protection Team (PPT), was created in 1988 by Ronald Reagan, in response to the Black Monday stock market crash in 1987. Their operations have always been shrouded in secrecy, with a Washington Post article from 1997 writing that the group aims to prevent the "smoothly running global financial machine" from locking up.
Conspiracy theorists have long claimed that the PPT manipulates U.S. stock markets by using government funds to buy stocks in the event of market dislocation, but skeptics argue that such an operation would be unworkable.
Durden, author of the ZeroHedge blog, thinks he found some evidence of the PPT's interference with the market. He cites an unusual piece of data on program trading, a part of the stock market that is controlled by mysterious computer programs that use mathematical formulas to buy and sell stocks.
According to the New York Stock Exchange, last week's volume of program trading was 8% higher than the 52 week average. It's strange that program trading volume would be increasing so sharply when overall market volume is declining, says Durden. It's even stranger to note that principal trading, which occurs when a brokerage buys or sells stocks for its own account, is running 21% above 52 week average. New York Stock Exchange weekly volume, on the other hand, is running about 9% below 52 week average.
"A very interesting data point, also provided by the NYSE, implicates none other than administration darling Goldman Sachs in yet another potentially troubling development," writes Durden. "Key to note here is that Goldman's program trading principal to agency+customer facilitation ratio is a staggering 5x, which is multiples higher than both the second most active program trader and the average ratio of the NYSE, both at or below 1x." And now: Ex-Plunge Protection Team Whistleblower: "Governments Control Markets; There Is No Price Discovery Anymore"#REKT #CONFIRMED
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Most of those projected sales are in Asia, where rice farmers are trading their water buffalo for small trucks. Oh wait, why are you using an outdated, narrowly focused, PROJECTION from 2013? Did you not notice the key word "PROJECTION" in the name of the .jpg? Did you also fail to notice the PROJECTION label with the little arrow under it? Face it buddy, you are way out of your league trying to debate me on the facts of the ongoing financial crises and economic collapse. Learn to read a fucking chart and follow Zero Hedge for 10 years, then get back to me with your cherry picked Pollyanna projections. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FQePtpts.jpg&t=663&c=dX5_TBad4l2j4A) See the green box labeled "Oops?" That's where you get #REKT. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Shorting Dash is fun and profitable. Shorting Monero is stressful and dangerous. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FWYx6lso.png&t=663&c=FUjHaInV44dDAA)
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Hearn is, as usual, speaking from the perspective of Sand Hill Road and sigint.google.mil. Of course he's going to apologize for the status quo, on behalf of his puppet masters TPTB. The context, in the form of the comment to which Hearn is responding, was provided. Hearn's asinine deflection speaks for itself. It's not "hard to ask for more" than the current slaps on the wrist and bailouts TBTF banks currently enjoy, as perks of financing deficit-spending welfare-warfare States and their drug-running/money-laundering TLAs.
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Yes, it has been growing since 2010. What a comedic tour de force. Do you get your information from Gavin (AKA Bitcon's Chief Economist) or from book-cooking Obamanomics experts like Krugman? WOW such economy! Very growing! #REKT
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I don't like Dash because of its "bad crypto" tech and "snake oil" marketing.
I've asked you repeatedly on numerous threads to explain (in detail) your statement, but all you do is repeat the same name-calling exercise. Here is yet another chance to prove that you have more substance. Back up your statements with facts, proof, theories, dam near anything or just shut up. The burden of proving Dash's crypto isn't snake oil is on you DashHoles, not me. But here's the best beat-down of Dash's "bad crypto" I've seen: https://www.reddit.com/r/Bitcoin/comments/2zufu1/a_great_podcast_by_lets_talk_bitcoin_discussing/cpmvogy 1. Darkcoin had a problematic launch: 2 million Darkcoin were mined in the first day (incidentally, there are around 2 800 Darkcoin emitted daily right now, so that should give some level of contrast). This may not seem to relate to your question, but it is important to establish the legitimacy and technical competency of the developer. The fact that the block reward does not match either of the three block reward formulae published by the developer is worrying. This points to an outright scam at worst, pure incompetence at best.
2. When dealing with a cryptocurrency you need to be able to cryptographically and mathematically prove a particular claim. So in the original Bitcoin whitepaper Satoshi was able to mathematically prove the validity of the longest chain rule. The rest of his cryptographic claims were backed by the papers he quotes (Adam Back's Hashcash paper in particular). Darkcoin has no cryptographic proofs of their claims. This is important, because a cryptocurrency is a manifestation of cryptographic theory, not the other way around. If you try and shoe-horn it the other way around you'll likely find your model unsafe under the most basic of assumptions.
3. The developer seems to eschew well-defined, anti-fragile, and proven Bitcoin concepts (eg. building a model based on paying for services via micropayment channels) for bizarre models that are poorly implemented and fragile (eg. payments based on uptime make a MasterNode a ripe target for DDoS attacks null-routing that IP).
4. I have seen no evidence that InstantX transactions are not susceptible to malleability. This means that it is trivially easy to disrupt every InstantX transaction, and the network will fall back to processing them as "normal" transactions.
5. This malleability approach also allows for easy forking of the network if you own a subset of MasterNodes, whereby your malicious MasterNodes vote for both of your transactions and feed those votes to two groups of miners. The claim made in the InstantX "whitepaper" is that the conflicting messages will "cancel each other out", but once the network is forked that isn't the case, as half the conflicting messages won't even be received by the one part of the forked network. By continuing to run this group of malicious nodes, feeding sets of InstantX transactions that appear to be voted in as valid, you can keep the network split indefinitely.
6. The entire basis for "anonymising" transactions is based on clients being online at a given point in time, which means that those clients are also open to leaking information via temporal association.
7. The developer seems to have a grave lack of understanding when it comes to the danger of incentives. The clearest example of this is this table of MasterNode ROI. As you can clearly see, a MasterNode's ROI is substantially higher when there are fewer MasterNodes. Thus there is clear incentive for a MasterNode operator to systematically attack and destroy other MasterNodes, but not so much that the network ceases to exist. Just enough to double or triple his ROI. Incidentally, this is a self-fulfilling prophecy, as in a hypothetical future where Darkcoin is processing thousands of transactions an hour it will require quite a hefty server to act as a MasterNode. The fewer MasterNodes there are, the more work individual MasterNodes will have to do, which means that those run by non-technical people or on cheap VPS's will be the first to go, eventually leaving a group of big boys with big guns operating the remaining MasterNodes.
8. We've already seen ample evidence of law enforcement turning seemingly anonymous people into informants (eg. Sabu), hacking servers, and infiltrating systems in other ways. It is safe to say that LEA could also outrightly purchase large portions of the MasterNode network. It is impossible to tell which MasterNodes are real and which are owned by LEA (in perpetuity). Unfortunately it appears that the developer's line of reasoning, with respects to "how much" privacy Darkcoin gives you, started with the assumption that a supermajority of the MasterNodes are honest / not being watched / not infiltrated by LEA. This leaves open a huge, gaping hole whereby all of the "mixing" MasterNodes are involved in can be revealed by an owned / compromised majority. I can guarantee that the bulk of all MasterNode operators do not know even the first piece of opsec required to keep from your tin from being tampered with.
9. MasterNodes can be tricked into believing they can no longer accept new connections, simply by filling up all their file descriptors. It is somewhat trivial to force new connections to a group of MasterNodes under your control.
10. The developer has no clue how dangerous and stupid it is to chain hashing algorithms, as you open them up to pre-image attacks among other things. As a security researcher who discovered a flaw in chained hashing algorithms in PHP concluded: "The underlying problem is that combining cryptographic operators that weren't designed to be combined can be disastrous. Is it possible to do so safely? Yes. Is it a good idea to do it? No. This particular case is just one example where combining operations can be exceedingly dangerous. But the bottom line: never roll your own crypto. It can have fatal consequences."
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The economy has been growing since 2010.
The economy has been growing since 2010.OMG, it keeps getting more hilarious each time you say it. Tell us another one! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) (Frap.doc, please replace the battery in your sarcasm detector. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ) EDIT: #REKT
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paging Janet...
down she goes:
[gloom.png]
[doom.png]
Silly Frap.doc, you just need to borrow a pair of rose-colored glasses from Gavin or Zarathustra. Recessions, crises, depressions appear cyclically. As everybody knows. The economy has been growing since 2010.
See? Keep calm and long AMZN.
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20MB was always Gavin's opening gambit ...
Oh sure...and getting broken on the Blackwater was always Stannis' opening gambit ... If you backpedal any faster it might cause a time vortex. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Privacy should be inherent at the protocol level, not attempted as an added feature
Why? Because mathematically proven 'good crypto' is preferable to Dash's 'bad crypto.' https://downloads.getmonero.org/whitepaper_review.pdfYou can't simply glue privacy onto a Bitcoin-like transparent protocol/blockchain. A house is only as strong as its foundation. So you don't like DASH, you should've just said that instead of contradicting yourself with illogicalities about building or not building on top of strong foundations. I don't like Dash because of its "bad crypto" tech and "snake oil" marketing. Dash's glued-on fake privacy kludge is a joke, not mathematically proven "good crypto."
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iCEBREAKER GFY ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif) sHITEATER From the part of all of us: The topic of this thread is Dash, not your epic buttburn about Peter Todd's successful trolling.
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the pro-bigger block upvotes on Reddit, IN GENERAL, are increasing in intensity and pitch and trashing Cripplecoiner's. the whole lot of Blockstream core dev has been "in absentia" for weeks now and even the personal attacks against me are subsiding in intensity. poor Cripplecoiner's. the day of reckoning is nearing. Reddit has made their decision, now let them enforce it. Remind me, how many divisions does Chairman Pao command? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The max block size isn't changing anytime Soon ®; you are wasting your energy pounding sand here. Trash PT and iB all you like, it makes no difference to the Honey Badger of Money. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Remember the day your beloved overhyped 20mb Gavinblocks' got #REKT like Germanwings Flight 9525? In case you forgot: http://cointelegraph.com/news/114481/chinese-exchanges-reject-gavin-andresens-20-mb-block-size-increaseHah, that was good times! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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