Has anybody had their Poloniex account frozen before? I updated my information to receive another level of withdrawal limits, still won't let me withdraw.
cryptsy just lost me with their new kyc rules/tier levels. now they only allow withdrawals of $25 a day and $100 a month in DASH/crypto unless you give them your name, address and dob. last time i ever use cryptsy, dead exchange in the making. from what i understand polo does the same type kyc thing now too. What exchange then? I am shapeshifting it for a while. Cex.io could be an alternative. |
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So - I assume there will not be any more DASH updates until Jan 2016 or even longer.....  ? right? anybody? Sure, there will be 12.1 and probably 12.2 before we switch to Evolution Oh - right on.... thx :-D 12.1 will have mixing speed improvements and should fix a bug during revision upgrades. Good stuff. Have you overclocked your Pi yet? I did this with mine for an 11% performance jump in CPU and snappier ram performance. enable writing to microsd card. The /flash may be /boot on yours. mount /flash -o remount,rw nano /flash/config.txt and add these lines. Could be /boot/config.txt arm_freq=1000 core_freq=500 sdram_freq=500 over_voltage=2 temp_limit=80 If you only use your pi for a masternode and ssh into it add this line so you don't waste ram on video. gpu_mem=16 The Banana Pro is no good at video. 2 cores and no drivers to take advantage of mpeg2 encoding it just can't do a mythtv frontend. The Raspberry Pi 2 is better with the 4 cores overclocked but still stutters without the mpeg2 encoding chip enabled. I am going to buy the license for mpeg2 encoding ($3) so it will use the decoder chip. Banana Pro would be a good mythtv backend with the SATA port and Raspberry Pi 2 is a good mythtv frontend. I have my eye on the Banana octacore with 4gb ram one you sent or the ODROID-XU4 with the same chip but 2gb of ram for $79. http://www.hardkernel.com/main/products/prdt_info.php?g_code=G143452239825 |
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Dark Markets could never leverage something which requires days of mixing time to buy a few hundred dollars worth of something. Just imagine a meth head tweaking and jonesing while waiting to mix coins to pay for his purchase lol. Anyway, I believe the project is being steered away from the anonymity aspect with the re branding to DASH, seems like the aim now is instant payments.
I just want to point a few things out. The mixing right now maybe slow, but it does work. The next release should be much faster. We also have some ideas that could speed this up to less than an hour. And with Evolution, this may not even be necessary. The primary goal of Dash is to keep the currency fungible where each coin is exchangeable for the same value. Part of how this is done is by removing the direct links to previous coin history through darksend mixing. |
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What value would a currency have if only 1 person held the entire supply? Quite a lot actually. In most assets, the majority share is held by a minority. That's what gives it value. If you distribute stuff widely, it has no value (because it's widely distributed). However, we've got to look at this in the context of a remark that distributeToMePls made: Richest 1% to own more than rest of world, Oxfam says The basis for the asymmetry of wealth in the world is asymmetry in the money creation process. It's nothing to do with politics. People without a banking licence cannot repay their loans on the same basis as they borrowed (i.e. by levering up liquidity on a fixed asset base). If banking was decentralised you'd be able to pay your mortgage off 10 times faster that you would than with the current system. Let me explain it another way: [1] - when you borrow for a mortgage, you are not borrowing PAST wealth. You are borrowing FUTURE wealth (worth nothing) [2] - when you repay your mortgage, you are paying PAST wealth Thats the reason for the asymmetrical wealth in the world. To get your hands on any money you need to do work. The lenders only need to print. ************ Solution *************** There are 2 solutions to this scam. 1 is the old gold standard (which limits the ability of banks to print). The other is to continue the current banking system but decentralise and granulise it so that people CAN repay their mortgages on the same basis that they borrowed. Bitcoin and Dash are electronic equivalents of gold. There are no others that closely match the historical properties of money in the top 20 cryptos. For [2], the solution is Bitshares. Bitshares is a decentralised bank. I have nowhere near the same holdings in BTS as I do in Dash (because it isn't as much fun) but economically. Bitshares is an incredibly liberating concept - probably way ahead of its time - except it actually works now. It takes the banking model and makes it available to anyone that cares to own a share in that model. Not only that, it establishes a natural commercial interface between the market for risk assets and the market for stable currencies. (See if egg heads like GMaxwell or ABack are even interested in economics. They are not - they are coders). Dash, on the other hand is a token. Until 2009 there were no electronic, uncounterfeitable tokens. Now that they've been discovered, their value will follow the classic characteristics of cash: e.g. instant, verifiable, anonymous (not private). Dash is a value basis - like gold nuggets. A very different concept from Bitshares. Great post. It deserves another look. It is so surprising that banks have problems. Really, how can you possibly lose money if you can make loans with nearly 0 collateral. If the borrower doesn't pay you take the asset and sell it off. If the borrower does pay, you get the amount loaned with interest. A comment on the second solution. If loans are required to have 100% collateral, they still will cause problems since the interest needs to come from somewhere(Future wealth). It does slow down the process, but is still going to end in collapse. Most long term civilizations that use interest have debt jubilees. They basically wipe all the debts and start over. Alternatively, countries can revalue their currency every 30 years to postpone the problem until it is is worth nothing. Another solution to manage this is to have all the banks owned by the government. Then any interest they collect is used for public works, taxes, and government expenses. There would not need to be an income tax or sales tax. This is actually the ideal scenario, but a little unpopular with the private banks. Lincoln and Kennedy were assassinated because they wanted to get rid of the privately owned federal reserve and use greenbacks. (For those that took the red pill, I mean the assassinations were by single individuals(Booth/Oswald) and as a bonus Oswald used a magic bullet. They were totally unrelated to any unpopular policies.) |
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good question
sorry but your avatar makes me want to buy DASH. Something about it....... has taken over my mind.. What is that? Some kind of berry? Looks kinda like a raspberry over the pi symbol, doesn't it? FYI, if you want to try a masternode on a raspberry pi, I think there are better options now. The Banana Pro is about the same cost and has a better network interface, infrared remote sensor, wireless networking, plus a SATA controller. Speaking of Banana Pros, one just arrived today and I am deciding on the OS. I am going to see if this will run a Mythtv frontend and backend. Suggestion on servers, make sure you get at least 256MB of ram and 256mb swap. I would suggest 512MB memory minimum as it looks like we will be using more ram as features get added. |
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According to current trend, the price meet 0.0060 BTC I thought it was headed that way as well, but it's been more robust than I thought in markets. Meanwhile there is car-crash carnage all around us. Look at Ethereum - profit taking is just killing it and leaving the project insolvent. Bitshares has sold the rumour about a month in advance of the news. PowerPC ate its monster buywall while Litecoin decided to indulge in a bit of cliff diving. If you can put in a dignified performance while all that's going on you're not doing too badly. Amazingly, Dash is now actually consolidating its marketcap position despite loosing a bit of value itself. Look at BTC. It is up almost 20% from a few weeks ago. Dash is about the same $ price as it was then. The 2 tier network definitely adds price stability. $230 * .01 = $2.38 $270 * .088 = $2.38 |
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Now that Rango just added the staggered voting after you previously released with Dashman, I see you are trying to one up each other on features. Lol.
Psst....Dashwhale just added an automatic restart feature.
Not really. Were just attacking the same problems from two different sides. (His a service, mine a toolchain.) That voting timestamp association had to go! And, yes, automatic restarting using monit is something I've got on the roadmap. Exactly, moocowmoo! You did some awesome work with the display of the payment queue rank. Dashman is a great tool (for those who don't use Dashwhale of course  ) Best, Rango Hmmm... would you look at that! Dashwhale now has a next pay progress bar for each masternode.....Nice. Thanks Rango. |
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dashman v0.1.12 releasedadded payment queue display!   Nice work! Great feature. Now that Rango just added the staggered voting after you previously released with Dashman, I see you are trying to one up each other on features. Lol.
Psst....Dashwhale just added an automatic restart feature. |
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Leeloo, walls do you see?
We could easily revisit 6 for a restest. Then again, we could visit anywhere in between and keep bouncing back. There's been 2 retests of the 9 levels already in the last 6 weeks and this is the third. The interesting thing is the volume. The 3-day volume's tapering away to nothing and each retest of the 9 level was on successively less volume. That could be good or could be bad - I won't make any predictions since it's be sure to go the other way if I'm too optimistic  Also, which market is selling and which is buying is a question that must be asked now w.r.t. Dash market analysis. Right now the currency market is selling and the reserve market's been buying. If the price drops further I'd imagine that trend might accelarate (i.e. more currency sector sellers than masternode sellers). On the other hand, if it jumps back up to 1, it looks like the masternode network population might level off where it is for now. Interesting times ahead whichever way it goes. On economics. On technology. On commerce. Just sit tight - day trade if you feel brave - and see what happens. I think the real reason it's down is that practically everyone traded Dash on Cryptsy, and then the article came out on Cryptsy saying they were being investiated. Then everyone pulled their funds from Cryptsy, leaving very few to trade. Cryptsy, no being set up to liquidate as fast as the rumor caused people to cash out, couldn't send funds, only making them look like something was up with them. True or not, I have no idea, but in the end, it killed Dash trade. BTC is up too. From $227 Sept 20th to $254 today. Makes the relative DASH/BTC look lower, but DASH/$ is pretty stable. Guessing on why BTC is up? Gemini exchange. |
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I tested darksend today! I must say, I like it that you can premix your coins and then use that "dark balance" for sending anonymous transactions  Pretty impressed by the GUI as well. My only remark (also related to the thing below) is that it took nearly 3 hours to mix 2 DASH... That seems a bit slow, but hopefully if we get more masternodes online, that won't be an issue anymore. But I'm willing to wait a bit. Privacy has a price, in this case it's waiting time. Someone correct me if I'm wrong, but isn't mixing slow sometimes because of a lack of people mixing, not the number of masternodes? Yes, it is wallet funds that mix. Masternodes coordinate. We have several liquidity providers(wallets with funds available to mix) online to help with mixing. So there are funds to mix with. Please make sure you are running the latest version. Also it takes along time for the last few % to get mixed. So mix with more that what you need and stop it when you have enough. It costs the same(0 or .01) no matter how much you mix. The biggest delay with mixing seems to be unconfirmed transactions because all the mixing uses no fee transactions. It can look like your mix is stuck for 15 or 30 minutes waiting for this transaction to confirm. The suggestion I have is to mix when the network load is low. Another thing I want to mention: when testing a transaction, it costed me 0.1 DASH as a fee. I know that with transactions, fees are involved, but 0.1 DASH (around 0.001 BTC or 0.25 USD) is pretty hefty. Will fees be lowered someday? Any funds you send out with a darksend funds will be denominated with 0.1, 3.2, 10.3 etc.. So a .001 transaction rounds up to .1 and you are charged a .099 fee. If you send a .1 amount or just under you won't get the .1 fee. |
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New masternode incidents featureWe just released the new masternode incidents feature. It is a history of the critical downtimes of your masternodes including the date and duration. This is very helpful in a variety of situations including quality assurance of external masternode hosting services. Dashwhale budget proposalWe just submitted the proposal to cover basic Dashwhale operations. We want to keep this site and it's features open for everybody, avoiding a regular subscription model. You'll find detailed information and discussion on the proposal page: https://www.dashwhale.org/p/dashwhale-basicI am happy to take further questions. Best, Rango Manual voting: mnbudget vote-many 4f8b12279629b8126ba7b1a378cd3ef6e3bb88d7fb04cb6db424edf4c95f6780 yes / no A lot of innovation with this site, highly recommend it. Saved me a few dash when my server went down and got a notification before my nodes dropped off. Rango is really quick to respond to questions or support. It has a lot of features that make voting and monitoring nodes really easy. Plus it has comments for proposals. We can vote to determine if this gets funded or not which is exactly what this budget system is intended to be used for. I would also suggest that the fee to create proposals go to the website(like dashwhale) that submits the proposal. |
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Anyone got any other testable predictions in line with this reasoning?
If this is it we can dispense with the reasons and just watch bitcoin and, say the top 5 alts and look for alt transaction volume increasing coinciding with a decline or stagnation in bitcoin transaction volume. Dash and litecoin should be on the list, but not ripple I think. Is bitshares even trying to be a currency? What do you guys think are the true top 5 alts?
What about monetary priorities ? The properties of money are well understood - whether it's a rock, a piece of paper or an uncounterfeitable electronic token. Why do people never hold cryptocurrencies to account against the properties of money ? [ANSWER: Because nobody has a clue what the properties of money are.] In answer to your question about Bitshares let me say this to try to put things into perspective: There are two types of money: [1] - real money ('cash', 'gold', etc) [2] - credit money (IOU's) Bitshares is a beautiful concept that resides in the [2] sphere. It is a decentralised bank and is not even attempting to do what bitcoin or dash is doing. Having said that, Bitshares does for banks what Dash does for gold: i,e, transports them to an electronic platform and decentralises the value proposition. Bitshares and Dash/Bitcoin are in totally different financial spheres. What Bitshares can do is stabilise an elastic currency in the way regular banks do today, except in a decentralised way without a trusted counterparty. I have no doubt that Bitshares (or something like it) is going to mop up the credit market. To see that, just look at how well it has pegged its BitUSD asset to the US Dollar. Although the volume is paultry, the peg has worked and it is a 'real' peg. (In other words, traders value the BitUSD asset at parity with the dollar, even though the BitUSD is backed by BTS shares while the US Dollar is backed by the US government. To me, that is a huge achievement. Almost no-one realises the implications of that achievement. [I do and am invested appropriately] ). Dash - on the other hand - resides in the [1] sphere. It is a base monetary token as opposed to a credit derivative (as BitUSD is) or derivative collateral (as BTS is). The innovation of bitcoin wasn't to be anything sophisticated, it was to be simply an un-counterfeitable token that could be passed around. That is actually pretty difficult on an electronic platform because of copy-paste capabilities. Anything that could defy copy-paste was instantly going to be a huge candidate for a new monetary medium. So bitcoin was it. But what competitors does bitcoin realistically have ?
Only 3: Litecoin, Dash and Peercoin. I dumped my Litecoin ages ago because it doesn't really have any distinctive economic policy. That isn't the case for Peercoin or Dash. Peercoin is one of the great manifestations of cryptocurrency IMO. Its designer was far more concerned with the properties of money and economics than any near term valuation. It is a coin way ahead of its time but which may still pull through and fulfil its intended role as a trunk transport for a future decentralised financial system. I thought it was dead after last year's alt-coin carnage but then noticed it had survived the turmoil and decided it now had a long term future. Put it this way. If cryptocurrencies ever get anywhere such that the mainstream economy has to depend on them, you'll be able to retire on one Peercoin. In Dash's case the monetary case is academic. There is no bitcion compatible clone that is turning delayed transactions into instant, turning unfungible address "lumps" into anonymous ones, and attaching a "rudder" to the rudderless ship that is decentralised money. Whatever you think about any other cryptocurrency strategically, none of them - even bitcoin- are remotely as adoptable as Dash. In any economy, there is always a space for cash. But cash has to be instant, whether it's $1 million or $1 dollar you're transferring. Would you accept a million dollars with 1 only confirmation ? By definition, cash works independently of the amount being transacted. That 1 fact disqualifies bitcoin and qualifies Dash. Great post. I have been using different terms than you(specifically switching debt and credit). This is actually quite involved, and interesting. I will clarify here: [A] - credit base currency (gold, silver, bitcoin, dash, etc) [ B] - credit based fiat currency (coins, US notes) [C] - debt based fiat currency (dollar bills(federal reserve notes), bank deposits) [D] - derivatives of assets/fiat(bonds, stocks, bitshares, BitUSD) [E] - derivatives of derivatives(mutual funds) A dollar bill, or more accurately a federal reserve note, is actually a promise to pay 1 US note. A dollar bill is actually a debt instrument(IOU) whereas US notes are redeemable for gold or silver. We stopped using US notes in 1971. Cash is considered both dollar bills and coins. But the only cash we use that is not a debt instrument is coins because it is made by the US mint(not loaned from the federal reserve). As you move closer to [E], the risk gets higher. You are more likely to lose money holding a mutual fund(fraud, manager fees, stock devaluing, etc) then holding gold(over the long term). Dollar bills can be counterfeited. So just like waiting for an extra confirmation, you can get a pen out to see if they are real, or hold to the light to see anti-counterfeit features. Or with gold - use a test solution. You would expect to wait a little longer for a large transaction to make sure it is legit. The key is that real value is stored in [A] They can't be created from nothing, are limited, and are fungible(probably not bitcoin). The other products will start to lose value as we start hitting global resource constraints or this global fiat debt bubble. We will see markets for certain things fall and seeming unrelated financial failures happen. It, eventually, will be obvious that moving to [A] is necessary to store wealth and even transact in the economy. DASH is already the easiest of this class to use. |
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I do not see Bitcoin as "The One" and I haven't for a long time. Bitcoin was a brilliant start, and Evan is undoubtedly standing on the shoulders of giants. But Bitcoin has too many problems to allow it to "take over." The *only* advantage that Bitcoin has over Dash is its network effect. I admit that network effects are difficult to overcome, but consider: 1) Bitcoin is too slow to use in person-to-person transactions. 2) Bitcoin's fees are too high for it to be used for micropayments. 3) Bitcoin doesn't scale past 7 TPS. 4) Bitcoin's blockchain is huge and it's unlikely to be pruned due to consensus issues. 5) Bitcoin has a very high level of infighting and it's nearly impossible to achieve consensus. As Tok pointed out earlier, the only consensus in the Bitcoin community is that it should be left alone and never changed, updated, improved, or fixed. 6) Bitcoin nodes are disappearing at an alarming rate because they aren't incentivized. 7) Bitcoin's consensus mechanism is under constant risk of attack. Collusion of just two pools would allow double-spends. Long-standing issues like transaction malleability still have not been cleared up, and there's no sign that Bitcoin developers have any interest in fixing them. 9) Bitcoin's governance model is deeply flawed. Funding comes from centralized sources (Foundation and MIT) and governance is dangerously fragmented between often-hostile devs. 10) Bitcoin is and always will be traceable. People don't want the world knowing the details of their finances, and as more people move into crypto this will become a bigger and bigger issue. "You mean everybody can see how much money I have and where I sent it if they know my address?" 11) Bitcoin devs and maximists have their heads buried in the sand and refuse to accept that Bitcoin might not be the solution for everything. It's analogous to the situation in World War II when Japanese admirals were too scared or proud to report their actual losses, and so their high command kept making decisions based on incorrect information. 12) Centralization and censorship in the community. Theymos has managed to grab ownership of BCT and the subreddit and regularly censors any voices he disagrees with (case-in-point: anyone who talked about Bitcoin-XT). 13) Bitcoin is complicated to use and understand for a neophite. We all remember how long it took us to fully wrap our heads around everything. Dash already solves many of these problems, and Dash Evolution will solve the rest of them: 1) Dash has InstantX, which allows transactions to be fully confirmed in about four seconds. 2) Dash Evolution apparently has no fees (information from the slide). 3) Dash Evolution will scale to 1500+ TPS. 4) Dash Evolution is likely to use pruning at some point (Evan has spoken about this before and says pruning is definitely possible). 5) Dash enables masternode owners to vote and express their opinions in a binding fashion using the decentralized budgeting system. 6) Dash nodes (masternodes) are incentivized and the number grows daily. The growth will eventually taper, but there is very little chance of numbers declining due to the significant incentivization. 7) Dash Evolution will have a confirmationless wallet using InstantX locks for all transactions. Even if one entity gets 51% or more of the network's hash power, it will be impossible to double-spend. Dash developers regularly incorporate fixes as the problems are discovered. A great example of this was the "dead change" issue that Aswan discovered last year. It was fixed very rapidly. 9) Dash uses Decentralized Governance by Blockchain to enforce good governance and to pay developers directly from the blockchain. It's decentralized and trustless. 10) Dash users have the option of using Darksend to anonymize their transactions, and Dash Evolution will build this anonymity into the protocol itself, making all transactions anonymous by default. 11) Dash regularly incorporates new ideas from the community and from other cryptos, or even from the trolls in our own community. Evan has actually said that many of his best ideas came from the arguments trolls were trying to use against us. 12) This thread is unmoderated, and Dashtalk, while moderated, has no history of censorship. 13) Dash Evolution will be using a decentralized API to make the network trivial to use for newbies (information comes from presentation slide...I don't know how this works yet, but I do know that Evan has previously said that making Dash easy to use was a priority). Good points. Can somebody produce a nice infographic (Dash vs Bitcoin) based on this type of comparison? I'm going to create a DASH v Bitcoin infographic based on the info above, but before I continue, what do people think of the initial design? be truthful and if you have ideas of how the data can be represented, please speak up.  Ddink7, as always, fantastic summary. Keep em coming. Dazbarlby, Like the design. A couple things. The 7 transactions per second is high and only valid for small transaction sizes (1 in 1 out). Average transaction size limits this closer to the 2-4 trans/sec. I would also add that bitcoin is already hitting it's block size limit(maximum amount of transactions/block) and has no room to expand unless changes are made. Bitcoin block time is 10 minutes, but most exchanges use 2 blocks. So 20 minutes is average but can actually be 10 to 50 minutes based on block length variability. I guess I would put 20 minutes on your picture to make it simple. Dash with InstantX will have 5 block confirmations in 4 seconds(actual speed is about 0.1 second from what I can tell), which is considered safe for most uses. (For those that want to correct this statement, it is actually 5 irreversible pending block confirmations that get confirmed along with a 6th on the next block about 2.5 minutes after the instantx is sent.) A bitcoin is the unit of currency. Use Bitcoin to refer to the protocol/concept/technology. |
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I've done a lot of guesswork to figure out these numbers, we'll see how close I am when we start seeing some serious adoption. Either way the system is built to scale with adoption in a way nothing else can, it should be pretty cool. I figure if we start to see a good deal of adoption and usage, we'll always either ask for more storage, processing power or reduce the collateral to split the network before it becomes an issue . They'll be good problems to have and we'll have lots of solutions available.
It would be interesting to see the performance impact of running a higher transaction load. I'm all new to this so I might have it wrong (starting both nodes, btc, Dash, in August). I also run a bitcoin node and it is about 2x more network bandwidth (86 GiB for bitcoin for August vs 46 GiB dash), 15x more network connections (300+ for bitcoin vs 20 for Dash) and 4X more disk space (48 GB for bitcoin vs 14 GB for dash). It looks like when problems happen on the bitcoin network (different attacks) my CPU and memory shoot way up but otherwise it seems similar to Dash. While the rawmempoolinfo seems to be much higher on bitcoin (1000s vs singles in dash) I don't yet have a good enough understanding how that factors in to performance or if it matters. If Dash started to get to the same usage as bitcoin I would guess that specs for many of the MNs would need to increase (not sure if Raspberry Pi which some MN are running could handle it). Would a VPS charge more? Increased transactions would probably lead to less decentralization as only those who could afford the costs could pay for it (that is if they are holding the MN remuneration for speculation). Similar to the problem that is seen in the decline of the current bitcoin nodes, though of course there isn't any compensation for running one. Hogwild, here is a table of some of the differences in transaction speeds and sizes. DASH Metrics DASH Bitcoin Average Transaction Size 1 0.85 KB Average Transactions per Day 1500 110000 Transactions/Day Blockchain Size 1.4 47 GB Blockchain Growth 1.5 93.5 MB/Day Blockchain Update Speed/hr blocktime(TAO) 0.15 4.14 Sec/Hr Blockchain Download Speed 0.417 0.941 MB/Sec The Bitcoin disk space(47GB) is more than just 4x that of Dash. It actually is over 31x bigger than Dash disk space(1.4GB). That is why the bitcoin client takes so long to catchup when it starts. It downloads a ton of data and then verifies it. The Dash client does a lot more than a Bitcoin client. Dash has budgets, darksend mixing, instantx, and voting to sync and manage between the clients and masternodes. It is really not comparable to Bitcoin at this point. As for upgrading, the masternode network will adapt to what works best. The biggest expense right now is not disk, cpu, or ram, but the IPV4 address cost. Maybe we will move to IPV6 to save some server costs and improve performance. The masternode count will constantly change based on earnings/cost to run. With the voting system, it will be easy to fairly implement any changes needed. This is far different than encouraging users to run no incentive Bitcoin nodes. I am really looking forward to the Dash Evolution Revolution. |
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Have you thought about what FIAT is? FIAT Currency is continuously instamined .......................
Have you thought about what DASH is? Yes, I have. DASH is a credit based cryptocurrency with a predictable coin production rate. Coins produced are used to reward miners to keep the network secure, masternodes to help with transactions, and even a decentralized voted in budget for development. Now DASH is developing the ability to handle 1000 times more transactions per second than Bitcoin. It is pretty revolutionary when you think about it. Maybe FIAT is your preference. You can go to a bank and talk to someone really nice. Give them your money. They hold it for you and you hope you can get it back during banking hours. Oh wait, they announce a bail-in. Shoot you lose 50% of you Fiat. Oh, maybe you should just leave cash under a mattress. 2 years later, what does that buy. Oh no, you lost 10% of your purchasing power. All the on a whim instasign QE fiat goes to banks, not a clearly defined amount that goes to actual users(through budget proposals) and network providers(miners and masternodes) like with DASH. |
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Have you thought about what FIAT is? FIAT Currency is continuously instamined with every loan or QE release(except they don't even have to mine it - rather they sign for it). More accurately it should be considered a ponzi scheme based on ever growing debt. Once the debt stops growing the game is over. I do appreciate your energy. I suggest that you contribute on an "End the fed" forum where you can make a difference. You could use instasigned ponzi as some attention getting words. |
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Disclaimer: I am not a miner or a gamer, so don't go too hard on me if this is a ridiculous idea.
Would it be possible to mine Dash on consoles (PlayStation, Xbox etc)?
I've had someone offer me a PS3 fairly cheap and I'm probably going to go ahead and get it because I've read that with a little tinkering I can put Linux on it, set it up as a media centre, play Blu-ray discs and maybe even play the odd game or two that he's throwing in. I don't know know if the PS4 or any of the Xboxes can run Linux but I imagine that if the PS3 can, at least it may be theoretically possible to mine with.
I'm sure I'm not the first cryptocurrency enthusiast to come up with the idea though, no doubt someone here will know how viable it is. At what sort of electricity prices could it be profitable?
Well, a quick google search shows that they've made a miner for Bitcoin. Notes I've found is that some of the latest firmware blocks the ability to run linux on the PS3, but maybe it can be dialed back. But the biggest problem is to find a miner for X11 that runs on their video card, which isn't AMD or Nvidia. So actually, I'm gonna say no. The Bitcoin miner was created back in 2011 when everyone was still mining on a GPU, and I think the interest has died away. it's true, Sony released a firmware in 2010 that blocks installing other OS like Linux http://blog.us.playstation.com/2010/03/28/ps3-firmware-v3-21-update/ i know because I used to run YellowDog on there. I think you can downgrade with a dongle but then you can't use psn. now you have to pay for psn on ps4. shame because Cell processor was awesome. Walled garden at it's best  EDIT: i don't think current X11 miners would work on their anyway like TanteStefana2 said, it has custom RSX graphics chip. but Cell processor had 8 parallel processing units, would be interesting to try to parallelize X11 on their directly, probably not that useful though  I did some folding on my PS3, which uses the GPU similar to mining. But is wasn't very efficient - I think it was close to a 7850 in speed but used 250 watts. You would be better off with a 750TI that only uses 50 Watts with about the same hashrate. And a 750TI is barely profitable with most electric rates. Unfortunately, even folding is now cutoff from the PS3 apps so you can't even donate to a good cause. http://www.tomshardware.com/news/ps3-stanford-folding-at-home-FAH-Folding-home,18609.html |
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I'm pretty sure we won't need to worry about all these centralised exchanges in a years time because the quorum system and the masternode network will allow us to have our own decentralised exchange, which will be more secure and trust worthy than anything the centralised competition can offer. Want to know more about quorum technology -> https://en.wikipedia.org/wiki/Quorum_(distributed_computing)The problem with decentralized exchanges is that some entity must have a bank account in order to do the Fiat > Crypto or Crypto > Fiat conversion. In the future, if we can close the loop and lessen the Crypto > Fiat trades, then a decentralized exchange might have a chance. But a decentralized entity cannot set up a bank account to convert to/from fiat. I think, just only decentralized escrow and location awareness wallet is enough. People will become decentralized mobile exchanges. You could also make exchanges without escrow. Just do an ACH transfer between bank accounts. Release the DASH when the ACH funds are in the dash sellers account. It could be a multisig, ethereum function type deal, or 3rd part that verifies the ACH deposit. Technically, the dash would be in some sort of Escrow, but it could be automated so there is little risk. |
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Has anyone else noticed that cryptsy's redesign looks like their site? Colors and whatnot.
I did notice that withdraws work better - maybe a better site backend, or less traffic with new fees. Before any DASH withdraws would get split and you would have to request 2 or more times to get your balance out. This week withdraws were fast and full amount each time. Good thing too, since I used up my 3 get out of Crypsty free cards. Maybe just in the nick of time with the feds on them(allegedly). |
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