Coinbase just added a check box when you send Bitcoins. They want to know if you are transferring to an exchange or not. If you are transferring to an exchange they ask more questions.
Does anyone have a clue what they are doing with this information?
Been this way for months now. Is this a KYC requirement? Or are they just tracking where coins are going(helping out DASH by making Bitcoin less fungible)? I read where "tainted" coins will get you flagged at coinbase. Will those seized gov. coins be considered "tainted"? Probably most bitcoins were/will be involved in something. Don't worry, I am sure coinbase will offer tainted coin insurance for a 1% fee or something. |
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Coinbase just added a check box when you send Bitcoins. They want to know if you are transferring to an exchange or not. If you are transferring to an exchange they ask more questions.
Does anyone have a clue what they are doing with this information?
Been this way for months now. Is this a KYC requirement? Or are they just tracking where coins are going(helping out DASH by making Bitcoin less fungible)? |
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Coinbase just added a check box when you send Bitcoins. They want to know if you are transferring to an exchange or not. If you are transferring to an exchange they ask more questions.
Does anyone have a clue what they are doing with this information?
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************* Answer: *************** Interest is normally paid on a loan, from the borrower to the lender, the implication being that while the borrower has the money, the lender doesn’t have it and therefore needs to be compensated for their loss of use of that capital during the period of the loan. The ‘interest’ paid to Dash reserve supply holders is coming out of the coin inflation, not from a borrowers' "rent" payments. Coin inflation on it’s own has the effect of devaluing the currency, so strictly speaking, in the absence of any accrual in valuation against goods and services or other currencies, that interest is only partially offseting the devaluation caused by new supply. That’s the “technical foul”, behind my comparison. The reason I qualified it as “sort of” is because: a) in the fiat world there is a kind of scammy situation where new supply has to be created to pay the interest anyway b) in Dash, the reserve supply has to be bought from the currency portion of the supply for anyone entering, so this in itself will notionally buoy the valuation and make the interest payments actually net positive (ideally that is - not guaranteed of course) I would have given it if anyone had got the bit about the interest coming out of the supply inflation as opposed to out of existing supply paid from a borrower  Great discussion, just missed it. About a). What is even crazier is that most fiat money is created from loans. And more loans need to be created over and over for the system to keep going and pay back the first loans. So why are we at 0% inflation right now? Because we are at the end, increase the interest, no one can pay the debt. I would have said you can't compare fiat that is debt based to DASH that is credit based. Debt based systems always collapse/devalue. |
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Iceland in the 1960’s had a population of about 200,000 people and growing. The government embarked on an ambitious long term plan to build new hydro-electric stations, the first of which would be the largest ever to date. Here’s the problem - once completed, the full generating capacity would be online decades before the demand was projected to rise enough to absorb it. The question was, what to do with the spare capacity ? The answer they came up with was to build an aluminium smelter. Aluminium requires huge amounts of cheap electricity while at the same time provided exposure to a completely independent market from the consumer one which would take years to evolve. The same product was supplied to both markets (so the 'coin supply' is continuous), but the markets had distinct properties which complemented on another in the way Dash's do. This gave the generating capacity a dual market with appropriately favourable dynamics, where one is capable of taking up slack in the other and supporting its growth. So in conclusion, what we saw today in the Cryptsy order book was possibly the ‘flab’ on the blue strip that was about to be absorbed by the aluminium smelter (thankfully, Dash has one now ) Fantastic writeup! Now Iceland is 100% powered by renewable energy, and mostly from hydroelectric. What great planning they had. |
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So darksend transaction fees can be very large compared to other cryptos since it rounds up to .1 dash. Is anything going to be done about that?
0.1 = ~20 cents. Once we are 10 times larger (i.e. $20 per DASH) we'll just introduce new denomination. Until then it doesn't make sense to mix such small amounts (0.01 is ~2 cents now) via DS. EDIT: or we'll switch to v13 magic (whichever comes first  ) Speaking of darksend mixing. Try it out. There may or may not be one or more liquidity providers online and ready for mixing. Your voting Dash at work. |
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MN went down @ 03:55
Not getting paid this week - maybe next time - hummmmmm
and today was the payout day :-(
now 3x payouts missed...wtf??
Didn't setup the crontab to monitor dashd? I'm guessing you just don't have enough ram, v12 can use up to 512MB in short bursts. V13 will solve that problem, plus many more. In the mean time you should setup the monitoring script. The PI2 should have 1gb of ram. I think MangledBlue setup a crontab to reboot everyday too. The PI2B uses the same USB chip for ethernet communication and it is/was buggy from stuff I read. I suspect this issue is a bad USB/Ethernet driver that causes a hang and dashd gets confused. The other probability is the Pi overheating. Guessing here. MB, Sorry, I feel your pain. Maybe you want to try something else for your PI. Perhaps a mythtv frontend? https://www.mythtv.org/wiki/Raspberry_PiOr a media player for movies or mp3s with Openelec? http://openelec.tvThe odroids can run a standard ubuntu release, so should be able to run the standard compiled dashd. The $37 one has 1GB of ram and the $74 one has 2GB of ram. They both have a 1GB ethernet interface(much better than the 100MB USB shared interface with the PI2). http://www.hardkernel.com/main/main.phpOr for cheap try an alternative like the orange pi that is only $15. http://liliputing.com/2015/08/orange-pi-pc-is-a-15-single-board-computer.html |
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- its minuscule fee for a transaction;
- the speed of the transaction (IX);
I've been thinking a bit about that famous, elusive 'mass adoption' based on what I wrote in my previous post. IX etc., are deemed to be safe. The infrastructure I am proposing can go that far to completely remove a need for a wallet (DASH or BTC) from the equation. -- a DASH CASH platform; -- an user, a retailer gets assigned its unique # something they understand in a very easy, safe and secure, streamlined process. It can be associated with their e-mail, Tax ID, name, who cares (and on the back-end of D-C platform) it is identifiable as a simple, unique Dash address; -- their own website or a physical place of business would have the same stuff like PP button or QR code and accept the payment; -- the payment goes, via its DASH CASH platform, using DashPay, Dashbase etc., to the retailer's fiat account. And voila!, these advantages - like the credit cards but instead for a 3% fee, only a 0.03% fee - get even to the most dense, crypto-averse in particular or novelty averse in general people and we can approach them with a clear message without all the voodoo. Let them study the voodoo if they wish. If not we have enough geeks and upcoming generations that will be happy with the crypto world, crypto anarchy, blockchain based governance, blockchain based corporations, passports, nations... Actually, all you need is a Dash address linked via ACH account to fiat deposit. Have a shapeshift like transaction, put in the $ amount you want and it will give you a deposit address and amount of DASH to send. The problem comes in when you deposit with Fiat, you have to have KYC and a money transmitter license/commodity trader license. Maybe you could somehow make the owner of the dash deposit address the same as the ACH account and eliminate the need for the KYC and other paperwork. Bitpay pretty much does this with bitcoin already but with more account information requirements. They also have the licenses and per sale accounting needed to do it. The other key that is bigger than just a place to accept payments, is how you send them. Mobile wallets need to be really easy to use. They should use nfc to communicate the amount and deposit address automatically. This should be possible like when you bump phones to transfer a contact. We have QR code scanning with wallets, but this still seems more difficult than what it could be. If you can do that, it will be really easy to pay for things. You could even add a password, transaction limits, and other security features. So not only is this easier than a credit card, but safer. Now you have a better merchant and consumer experience to propel mass adoption. |
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What about the wave-particle duality? Is light a wave or a particle? And if it is a particle can it be worshiped? What if it is a wavicle? ...boom...
Heisenberg, Schrodinger and Ohm are in a car They get pulled over. Heisenberg is driving and the cop asks him "Do you know how fast you were going?" "No, but I know exactly where I am" Heisenberg replies. The cop says "You were doing 55 in a 35." Heisenberg throws up his hands and shouts "Great! Now I'm lost!" The cop thinks this is suspicious and orders him to pop open the trunk. He checks it out and says "Do you know you have a dead cat back here?" "We do now, asshole!" shouts Schrodinger. The cop moves to arrest them. Ohm resists. That is so funny. Sorry to anyone who was nerded out by this. |
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UNWEARTHY INFIDEL & OATH-BREAKER !!
Who thouest represent, oh great polytheistic entity ?
REPRESENT THAT RAINBOW?
I / WE REPRESENT THAT RAINBOW !!
QUESTION IS : CAN YOU WORSHIP A RAINBOW ?
WE THINK YOU CAN !!  A rainbow is merely an illusion. It's a refraction of a unified light into a delightful diverse palette of wondrous colours, each delimitated within a tight nanometer range. Each represents a wavelength, each has it's own character. I certainly do not worship an illusion, but I do bow before character. What about the wave-particle duality? Is light a wave or a particle? And if it is a particle can it be worshiped? What if it is a wavicle? ...boom... |
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oh my.... what is this -- must read :-D Umm reading this didn't help much. I was stuck at this point. Lexicographical Indexing of Transaction Inputs and Outputs I get that they are changing to BIP69, but does that effect anything other than how transactions are sorted or what "non essential" information is included in the transaction? I gathered that it will now mix the in/outputs so you can't really tell what was change and what was out - etc etc.... SO That helps add 1 more mixing layer to DASH by -default :-P great job Atlas Nice. Thanks for clearing that up. Ahhh, excuse me DASH, are you Fungibly Enhanced. We will be with 12.1.x.  |
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oh my.... what is this -- must read :-D Umm reading this didn't help much. I was stuck at this point. Lexicographical Indexing of Transaction Inputs and Outputs I get that they are changing to BIP69, but does that effect anything other than how transactions are sorted or what "non essential" information is included in the transaction? |
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ok - MN crashes every 1.5 - 2 dayz
I understand a fix is in the works but - any eta on 54?
Seriously, just do this. You need the sudo so the shutdown -r now has root privileges. sudo crontab -e 0 1 * * * /sbin/shutdown -r now @reboot /home/dash/dashd control x and y (save) Reboots at 1am every day. If you need a few second delay add that between reboot and /home until it start correctly. /home/dash/ is wherever dashd is. |
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MN ROI is lower now... with the stable hash, the 3,2k mn and the dash low price (2.40) 0.01% per month?
I won´t pay 2300$ if I just get 23$-5$(vps)= 18$ per month
I think your numbers are off. You get about 2.8 DASH every 5.6 days. So per month you get 15.5 dash. Let's round down to 15 and use your $2.40/DASH price. $36/month - $5 VPS = $31/month. (I pay about $2/mo with my VPS so shopping around can save you more.) $2.40/Dash X 1000 = $2,400 investment. $31 per month/$2400 invested is 1.3%/month or 15.5%/year. Do you have other investments that can get a 15.5% annual return? In fact, even if DASH lost 10%/year you would still be making a 5.5% return which is better than any bank account or CD. On the flip side, if dash increases 10%/year you will get a 25.5% return. If you did buy DASH at $2.40 each, as of this post they are trading about $2.50 so you would be up 4%. If you feel like selling at $2.40 now, I am sure anyone here would be happy to help you out. Good post, the only thing I would add is traditional ROI does not even apply either as you are not buying a depreciating asset or giving away control of your money to a third party. It is a fully liquid investment you can sell at any time. I think is the best you can get in crypto. The only counter argument I can see is if you believe crypto or the project will fail completely in which case just don't invest at all. Thanks Minotaur. I should add a disclaimer to this. Disclaimer: I do own DASH and masternodes. Your investment in DASH is not FDIC insured, but instead is fully owned by you. Of course, FDIC insurance is really only capable of bailing out 0.57%($67.6 billion FDIC balance as of June 2014/$11.8 trillion in bank deposits) of the banks anyways, so that isn't really worth a hill of beans if there is a run on a few banks. FDIC numbers from here: http://finance.yahoo.com/news/fdic-insured-banks-q2-earnings-195607616.html |
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MN ROI is lower now... with the stable hash, the 3,2k mn and the dash low price (2.40) 0.01% per month?
I won´t pay 2300$ if I just get 23$-5$(vps)= 18$ per month
I think your numbers are off. You get about 2.8 DASH every 5.6 days. So per month you get 15.5 dash. Let's round down to 15 and use your $2.40/DASH price. $36/month - $5 VPS = $31/month. (I pay about $2/mo with my VPS so shopping around can save you more.) $2.40/Dash X 1000 = $2,400 investment. $31 per month/$2400 invested is 1.3%/month or 15.5%/year. Do you have other investments that can get a 15.5% annual return? In fact, even if DASH lost 10%/year you would still be making a 5.5% return which is better than any bank account or CD. On the flip side, if dash increases 10%/year you will get a 25.5% return. If you did buy DASH at $2.40 each, as of this post they are trading about $2.50 so you would be up 4%. If you feel like selling at $2.40 now, I am sure anyone here would be happy to help you out. What if I bought them at $6.81 each? lol Long-term bagholder =) Time to buy on the dip(as you may see it anyway). https://www.youtube.com/watch?v=0akBdQa55b4 |
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MN ROI is lower now... with the stable hash, the 3,2k mn and the dash low price (2.40) 0.01% per month?
I won´t pay 2300$ if I just get 23$-5$(vps)= 18$ per month
I think your numbers are off. You get about 2.8 DASH every 5.6 days. So per month you get 15.5 dash. Let's round down to 15 and use your $2.40/DASH price. $36/month - $5 VPS = $31/month. (I pay about $2/mo with my VPS so shopping around can save you more.) $2.40/Dash X 1000 = $2,400 investment. $31 per month/$2400 invested is 1.3%/month or 15.5%/year. Do you have other investments that can get a 15.5% annual return? In fact, even if DASH lost 10%/year you would still be making a 5.5% return which is better than any bank account or CD. On the flip side, if dash increases 10%/year you will get a 25.5% return. If you did buy DASH at $2.40 each, as of this post they are trading about $2.50 so you would be up 4%. If you feel like selling at $2.40 now, I am sure anyone here would be happy to help you out. |
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This is interesting. Circle is now offering the option to keep your balance in $US or in BTC. Basically, do you want your balance to fluctuate with $US or with BTC. Cool idea. It also makes transferring funds to other countries really simple, especially, if there is a 'circle' located in the other country.
Maybe the en-dash.io/rectangle/cir-cle or whatever exchange name that some creative project owner can come up with, would do this also. Merchants would then just see the exchange as a bank account that also accepts DASH with lower fees, faster deposits, and with no chargebacks.
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I've been pondering the new budget and superblock scheme and a bit unsure what I make of it. If I understand this right the masternodes can vote to create thousands of extra dash to be included in a block.. So this will push the number of dash up from 22 million to some higher number? Is that correct? Is this not a bit like quantitative easing that central banks do ? Someone correct me if i got this wrong . Thanks
Only 10% of the standard block rewards go into the superblocks. The superblocks only pay out after a project is voted in and at the time of distribution. If no project meets the threshold of votes those coins are lost(never created). Instead of the 10% going to miners or masternodes it goes to projects voted on by masternodes. No new coins, but possibly less coins. |
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Wow! First one is excellent. Nice job. I like the reasoning for fungibility. You don't want to be associated with an illegal transaction. Bitcoins traced back to illegal activity can have reduced value and are not fungible for other bitcoins. The value to someone with a fungible currently(even if they are not doing illegal activity) is that the coins retain value no matter what their history. This is much better than the "coin is anonymous" spiel which doesn't really show the benefit to someone that says "I don't do illegal stuff and why should I care." |
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