Finally an exchange with Instasend support. Tho it is aimed to markets - let's see will other exchanges pick up and will it boost adoption!
There are quite a few exchanges and brokers who support InstantSend actually https://www.dash.org/full-list-of-exchanges/ but I agree, the more the better  Bookmarked, thank you for the link. |
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^ Good to know more and more features are coming for Dash. Why can't they just drop the coinjoin feature and just allow thrid party wallets to do the mixing for them (just like with bitcoin)? I think that's where Dash will ultimately free itself from being labeled as privacy-centric coin. I don't know how close you are with the team but have they considered that?
I'm not that close to the team, just been around a long time with Dash. What i do know is that they want to extend the privacy option from their core wallets to mobile phone apps over time as well. They believe privacy on transactions is important to keep offering optionally and i dont really see them decouple this feature from their core wallets any time soon. Also remember that Dash still get daily integrations on so many exchanges (Coinbase, Coinbase Pro, Bibox, Vaultoro, Binance US, Cointrade and many others), that there is no real urgency to switch the privacy feature over to third party wallets. Here is an interesting article : https://medium.com/coinmonks/which-crypto-becomes-the-new-payment-system-69f95b2d2ec3 |
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Again, all altcoins dropped in price. Not just privacy coins. Besides, Dash has ATH with mining hashrate and almost new ATH with number of active masternodes (longterm investors). And Dash still offers optional privacy (although its not much used), Dash is just trying to get out under the privacy-centric label as its far more focussed on other features (providing instant, secure and low cost transactions through InstantSend for example) I am aware that all altcoins dropped in price that's why I said "may have contributed". In your honest opinion, will Dash be able to get out of the privacy-centric label regardless of how many uses its coinjoin? Yes, i think Dash will able to free itself from the privacy-centric label as it receives more and more support for its InstantSend technology by exchanges on either the deposits side or the withdrawel side. Creating trading opportunities. Another aspect of Dash that is receiving regnonition is its development of ChainLocks that not only provides protection against 51% attacks, but also make sure transactions that are locked by ChainLocks are fully secure, can not be doublespend and are provided with a certainty that they will be included in a block. This is the direct reason why Coinbase Pro only requires 2 confirmations on its Dash deposits, instead of the more exspected 6 confirmations. This all plus having InstantSend active by default on 90% of its transactions without additional costs, strengthen Dash primary use case as digital cash. Dash is also changing into a decentralized platform, where additional services can be run on. Services like a decentralized API that allows direct connecting of services / Dapps to its network. Or services like data-type driven smart contracts, where metadata of Dapps can be stored on masternodes through DashDrive. As all these new use cases come available to Dash, it will loose its label as privacy-centric coin, and will be viewed more like a decentralized fast payment provider network. Optional privacy will still be supported (it has been made far more efficient and faster over the years), but in the end that will only form a small portion of its many services i believe. |
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Does this mean the end of all privacy for crypto?
I don't think so but it's interesting to see some of the response of these coins marketed as privacy coins. My takeaways from the posted article: In August, Dash Core Group CEO Ryan Taylor published a blog post in which he appeared to distance the project from its privacy features. The post stated that “the required processes and compliance tools for Dash are identical to those required to support Bitcoin.” By this reasoning, since PrivateSend uses the same mixing techniques which are available for Bitcoin, then Dash is no more a privacy coin than BTC is. Zcash appears to be taking a similar approach. Last week, Electric Coin Company, which operates Zcash, published a blog post of its own.
Jack Gavigan, who heads up the company’s Regulatory Affairs division, explains that Zcash is also no different than other cryptocurrencies. In fact, somewhat ironically, it’s more compliant with the FATF transparency requirements than other coins which don’t make claims to privacy. The backpedalling may have contributed also to the drop in prices. Those who got sold of the privacy features are selling now that the supposedly privacy coins were no longer private all of a sudden. Again, all altcoins dropped in price. Not just privacy coins. Besides, Dash has ATH with mining hashrate and almost new ATH with number of active masternodes (longterm investors). https://bitinfocharts.com/comparison/dash-hashrate.htmlhttp://178.254.23.111/~pub/masternode_count.pngAnd Dash still offers optional privacy (although its not much used now or in the past). Dash is just trying to get out from under the privacy-centric label, as its far more focussed on other features (providing instant, secure and low cost transactions through InstantSend for example). |
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If exchanges choose to use CipherTrace's implementation that would mean that the identities would be in the hands of only a few people ie.
Granted if people have to do KYC through an exchange, they've already willingly gave their information. This just adds a level of protection.
I wonder what will happen over time to DEXs
Okex is the first to take action on these Privacy coins by delisting them OKEx is not delisting anything, OKEx Korea is delisting. Two different exchanges. |
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I think you are late though, it has been under scrutiny for many years now and I think it has contributed to the massive price drop that we have in those privacy coins.
All altcoins have seen massive price drops these past few years, not just the privacy coins. Which means other (market) factors are at play here. I think a lot of these market factors have to do with Bitcoin (speculation about Bitcoin ETF's, Bitcoin upcoming halving etc), causing an outflow of investments from Altcoins to Bitcoin. Also the Altcoins never really escaped the bearmarket (neither has Bitcoin, at the looks of it). |
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Brazilian Cryptocurrency Exchange Cointrade.cx Adds Dash Including InstantSend Support Cointrade.cx, a Brazilian cryptocurrency exchange, has recently added Dash, including explicit InstantSend support,
enabling users to deposit on to the platform instantly with Dash. Read more here : https://dashnews.org/brazilian-cryptocurrency-exchange-cointrade-cx-adds-dash-including-instantsend-support/Source of picture and article : Dash News Nice, another exchange supporting InstantSend. Please feel free to discuss this further, that is why this thread is called the Dash Discussion Thread after all,
to discuss important developments and how that affect Dash.
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Yes, it's obvious that privacy coins are being scrutinized by the authorities. I was astonished to see OKEX delisting privacy coins, other exchanges have been doing that too recently. It's really a hard time for privacy coin holders since price keeps going down with FUD. Many just sell their coins at any price to avoid more loss.
Not OKEx but OKEx Korea, these are two different exchanges, with different listing of crypto assets, and of a different size. Dash is still traded on OKEx, even with margin trading and i have not heard anything about any plans of OKEx to delist Dash. |
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With the announcement of the FATF guidance rules earlier this year privacy coins seem to be suffering as a result. Coinbase UK dropped Zcash, OKEx delisted five privacy coins as did Upbit. Monero, Zcash and Dash are all valued at under half of their July prices. Does this mean the end of all privacy for crypto? One company in particular CipherTrace is working with exchanges to validate transaction data without having to actually share data itself which helps with the FATF travel rule. This will offer some degree of assurance but true anonymity may not thrive. What are your thoughts? https://cryptobriefing.com/privacy-coins-zcash-dash-scrutiny/Dash has an open blockchain with public viewable addresses of senders and receivers and publicly viewable amounts, just like Bitcoin (Dash is even a fork of Bitcoin). This means Dash can comply with this travel rule and the FATF ruling in general, to the same extend as Bitcoin can. Both Bitcoin and Dash use optional coin mixing on their network through CoinJoin. With Bitcoin this happens through several wallets that support CoinJoin mixing and consists of 4% usage on its network. With Dash this optional CoinJoin mixing is called PrivateSend and consists of less then 1% usage on its network. Link : https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year Link : https://dashradar.com/charts/privatesend-transactions-per-daySince Dash and Bitcoin are both open blockchains and Dash is a fork of Bitcoin and they both use optional CoinJoin mixing on their network (Bitcoin more then Dash), there is no legal difference between Dash and Bitcoin and therefore Dash should be treated the same as Bitcoin by exchanges (most exchanges indeed do treat Dash the same as Bitcoin). This is most likely why Dash is getting listed on a daily basis on exchanges like Coinbase, Coinbase Pro, Binance US, Vaultoro, Bibox and many others. These exchanges would not have integrated Dash very recentely, if they thought Dash could not comply with these FATF recommendations. Here is some additional information about the FATF ruling, that i recentely posted in the Dash ANN thread and could be of interest on this topic : The FATF is specifically calling them "virtual assets" and it includes anything crypto related, ranging from crypto exchanges to custodial wallet providers to all cryptocurrencies. These "virtual assets" needs to comply with FATF recommendations, including this "travel rule" which goes beyond the basic KYC rules, which mostly involves the verifying and keeping records of their own users’ identities and operations. The travel rule aims at something else : * to capture any VA transfer above 1.000 USD in the cross-border wire-transfer framework** * to oblige all VASPs to get and to pass their customer’s information to each other when transferring funds and to take freezing actions and prohibiting suspicious transactions just as banks or other financial entity are required to do This could become problematic for exchanges, when they have cryptocurrencies listed that have : * shielded amounts (means no capturing of any VA transfer above 1000 USD in that cross-border wire-transfer framework**) * shielded addresses (so no public knowledge about who is sending and who is receiving those transactions) ** i assume this also relates to crypto transactions with above 1000 USD value, circulating on crypto frameworks I'm not sure if exchanges found a workaround for this or not (i'm not sure if CipherTrace open source solution named TRISTA works on shielded addresses and amounts). Dash does not have shielded addresses or shielded amounts and can therefore just like Bitcoin more easily comply with this travel rule, but other cryptocurrencies like Monero and Zcash do have shielded addresses, shielded amounts or both active on their blockchain (either by default active or optionally active). So i consider KYC rules and FATF ruling (including travel rule) two separate level of requirements, where KYC is mandatory i believe and FATF ruling recommandations are not mandatory, but FATF could punish a country by blocking its access to the global payment network. (not very likely that this will ever happen, but still). We will just have to see if this travel rule survives in its current form or if it gets adjusted next year after a year long review (june 2020) by the FATF. Because this travel rule does not fit as easily with the crypto world (and introduces some serious privacy issues), while it does fit more naturally with the global banking world (where its primarily designed for). |
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It is very worrying that DASH has begun to be removed from some exchanges as an anonymous currency...
FATF will ban exchanges from trading DASH. where can I see news about this? and what is the reason DASH has been removed from some exchanges? hope this does not happen in many exchanges. would be very bad if it happens because many people assume and believe it and hope it doesn't happen in a big exchange Thats just Alexey45 spreading FUD (which is why i put him on ignore). FATF put a list of recommendations out for its member countries to follow (these are not mandatory for exchanges, just guidelines). Part of these recoomendations includes a "travel rule", which already exist for banks and is now introduced to crypto exchanges as well. This travel rule allows information gathering on senders and receivers from crypto transactions. Just like Bitcoin has an open blockchain with public viewable addresses of senders and receivers, so has Dash. This means Dash can comply with this travel rule and the FATF ruling in general, to the same extend as Bitcoin can. I think the travel rule is not even about whether currency is private or not. Isn't it more about exchange knowing where the funds are coming from (deposits) and where the funds are being sent to (withdrawal)? All exchanges, who have KYC procedures in place, know all this anyway so this delisting shenanigans is just strange. The FATF is specifically calling them "virtual assets" and it includes anything crypto related, ranging from crypto exchanges to custodial wallet providers to all cryptocurrencies. These "virtual assets" needs to comply with FATF recommendations, including this "travel rule" which goes beyond the basic KYC rules, which mostly involves the verifying and keeping records of their own users’ identities and operations. The travel rule aims at something else : * to capture any VA transfer above 1.000 USD in the cross-border wire-transfer framework** * to oblige all VASPs to get and to pass their customer’s information to each other when transferring funds and to take freezing actions and prohibiting suspicious transactions just as banks or other financial entity are required to do This could become problematic for exchanges, when they have cryptocurrencies listed that have : * shielded amounts (means no capturing of any VA transfer above 1000 USD in that cross-border wire-transfer framework**) * shielded addresses (so no public knowledge about who is sending and who is receiving those transactions) ** i assume this also relates to crypto transactions with above 1000 USD value, circulating on crypto frameworks I'm not sure if exchanges found a workaround for this or not. Dash does not have shielded addresses or shielded amounts and can therefore just like Bitcoin more easily comply with this travel rule, but other cryptocurrencies like Monero and Zcash do have shielded addresses, shielded amounts or both active on their blockchain (either by default active or optionally active). So i consider KYC rules and FATF ruling (including travel rule) two separate level of requirements, where KYC is mandatory i believe and FATF ruling recommandations are not mandatory, but FATF could punish a country by blocking its access to the global payment network. (not very likely that this will ever happen, but still). We will just have to see if this travel rule survives in its current form or if it gets adjusted next year after a year long review (june 2020) by the FATF. Because this travel rule does not fit as easily with the crypto world (and introduces some serious privacy issues), while it does fit more naturally with the global banking world (where its primarily designed for). |
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nice update and its looks like a cool gambling sites base on the looks i will try this gambling site one of this day .
Just dont gamble all your Dash away  |
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It is very worrying that DASH has begun to be removed from some exchanges as an anonymous currency...
FATF will ban exchanges from trading DASH. where can I see news about this? and what is the reason DASH has been removed from some exchanges? hope this does not happen in many exchanges. would be very bad if it happens because many people assume and believe it and hope it doesn't happen in a big exchange Thats just Alexey45 spreading FUD (which is why i put him on ignore). FATF put a list of recommendations out for its member countries to follow (these are not mandatory for exchanges, just guidelines). Part of these recoomendations includes a "travel rule", which already exist for banks and is now introduced to crypto exchanges as well. This travel rule allows information gathering on senders and receivers from crypto transactions. Just like Bitcoin has an open blockchain with public viewable addresses of senders and receivers, so has Dash. This means Dash can comply with this travel rule and the FATF ruling in general, to the same extend as Bitcoin can. There is catch though, both Bitcoin and Dash use optional coinmixing on their network through CoinJoin. With Bitcoin this happens through several wallets that support CoinJoin mixing and consists of 4% usage on its network. With Dash this optional CoinJoin mixing is called PrivateSend and consists of less then 1% usage on its network. Link : https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year Link : https://dashradar.com/charts/privatesend-transactions-per-daySince Dash and Bitcoin are both open blockchains and Dash is a fork of Bitcoin and they both use optional CoinJoin mixing on their network (Bitcoin more then Dash), there is no legal difference between Dash and Bitcoin and therefore Dash should be treated the same as Bitcoin by exchanges (most exchanges indeed do treat Dash the same as Bitcoin). To comply with the travel rule exchanges and custodial wallet providers either use their own system of gathering this information, or they use a recentely developed open source solution, named TRISA CipherTrace unveils open source solution for crypto Travel Rule compliance ‘TRISA’ https://tokenpost.com/CipherTrace-u...-for-crypto-Travel-Rule-compliance-TRISA-3369There were some exchanges that decided to delist certain cryptocurrencies that provide privacy on their transactions, because of pressure by their government or because these cryptocurrencies could not apply to the travel rule. For cryptocurrencies like Monero and Zcash thats understandable, as they actually shield their sender and receiver information on-chain and can therefore possibly not comply to this travel rule (i say possibly because i dont know if TRISA can work on privacy coins with shielded addresses that are active by default). For Dash getting delisted, while being able to comply to this travel rule is strange, they may as well delist Bitcoin then as well. Most exchanges seem to have no problem with Dash and Dash still gets listed on new exchanges on a daily basis (Coinbase, Coinbase Pro, Binance US, Vaultoro, Bibox and many others). These would not have integrated Dash, if they thought Dash could not comply with these FATF recommendations. So far the delisting of privacy coins (including Dash) concerns a few exchanges in the following countries : Japan (Coincheck) UK (Coinbase UK, CEX.io) South Korea (OKEx Korea*, Upbit) * this the lessor known smaller exchange OKEx Korea, not to confuse with OKEx who still has Dash listed. And on state level : New York State (excluded by Coinbase Pro for Dash) New York State is not a delisting by the way, its just very difficult to receive a listing there, because of its Bitlicense. I think some of these exchanges failed to inform their governmental organisation that put pressure on them to delist these privacy coins, that Dash is not privacy-centric anymore (unlike Monero and Zcash, who fully focus on privacy / privacy-centric, Dash just provide its privacy optional as one of many services), and therefore should not be classed together with these privacy cryptocurrencies anymore. |
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Bibox Cryptocurrency Exchange Adds Dash InstantSend With Zero-Fee Promotion Cryptocurrency exchange Bibox has added support for Dash InstantSend transactions, and is running a limited-time offer
to promote the integration. Read more here : https://dashnews.org/bibox-cryptocurrency-exchange-adds-dash-instantsend-with-zero-fee-promotion/Source of picture and article : Dash News Cool, thats one more exchange supporting Dash InstantSend transactions. Looks like they implemented it on the deposits side (which means a very fast experience depositing Dash on this exchange) and they even threw in a zero-fee promotion : Announced late this week, Bibox, a cryptocurrency exchange servicing primarily Asian markets, has integrated InstantSend
support for Dash. As a result, Dash deposits to the exchange will be instantly recognized, instead of the industry standard for
cryptocurrency of waiting for several on-chain confirmations, which often can take minutes if not hours.
Additionally, Bibox announced a zero-fee promotion to celebrate this innovation Please feel free to discuss this further, that is why this thread is called the Dash Discussion Thread after all,
to discuss important developments and how that affect Dash. Vaultoro Integrates Dash, Relaunches Gold-to-Cryptocurrency Trading Platform Vaultoro, a cryptocurrency and gold trading service, has relaunched their platform, including the addition of Dash trading support.
Read more here : https://dashnews.org/vaultoro-integrates-dash-relaunches-gold-to-cryptocurrency-trading-platform/Source of picture and article : Dash News This is great news, and whats even better is their reason for integrating Dash : We have had multiple crypto projects asking for the ability to hedge in real physical gold as it can be insured and audited,
unlike FIAT-based stable coins. Dash is our first option because I really like all the work the Dash community has invested in
broadening cryptocurrency adoption in Venezuela and around the world. After Dash, we will be looking at the top 10 cryptos.
Any project we list has to be legal, solve a real problem and have a large enthusiastic community. Please feel free to discuss this further, that is why this thread is called the Dash Discussion Thread after all,
to discuss important developments and how that affect Dash.
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Capitalization of DASH $ 649,463,115 - investors are not interested!
Dash Circulating Supply : 9.072.655 DASH Dash Masternodes Combined Collateral / Longterm Investors Stake in Dash : 4.938.000 Dash Which means more then 50% of Dash Circulating Supply is in the hands of longterm investors. At this point you are just trying to spread FUD, so i'm putting you on ignore. |
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Dash Network InformationMiners Source : https://bitinfocharts.com/comparison/dash-hashrate.htmlIt is interesting that despite a very low Dash price, the Dash mining hashrate is still so very very high. Masternodes Source : http://178.254.23.111/~pub/masternode_count.pngMasternode Network still very close to a new ATH, although it has difficulty passing the 4969 for these last few months.
Maybe current low Dash price will help with that.Dash longterm price trend Source : Tradingview Dash longterm (1W) price trend is taking its first (and hesistant) step towards a new price trend. It sure does not feel like
an uptrend right now, but lets give this first step some time to become many steps.
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Cool, thank you for the links. If I remember correctly, there is a special announcement to be made during this conference. Should be interesting... Update : According schedule that special announcement is planned for today (day 2). Time 16:10 - 16:30 (I'm checking which timezone this is) Well, what about the important announcement? Already announced something? Already in the time zone, the time has already come. Which timezone ? I'm in Europe, some are in USA, some in Russia. I still have no idea what 16:10 means for my own local time (which is now 15:00 ---> +2 hrs compared with this BCT forum). |
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Cool, thank you for the links. If I remember correctly, there is a special announcement to be made during this conference. Should be interesting... Update : According schedule that special announcement is planned for today (day 2). Time 16:10 - 16:30 (I'm checking which timezone this is) |
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