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881
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Alternate cryptocurrencies / Altcoin Discussion / Re: Monero VS dalek libraries VS Particl Security Audit Bulletproof & MLSAG
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on: February 06, 2020, 01:07:41 PM
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I am aware of this incident but honestly wasn't aware of much of the details. I just knew something went down and some users who downloaded wallets from their official website were affected by it. Fluffypony has become a bit of a crypto celebrity over the years and I think people put their trust in individuals far too much and this is especially the case with celebrities of any type. It's a little alarming to start with that fluffy has such access for this to even be possible, and It is even more alarming that Monero's team is not encouraging users to download directly from their official GitHub accompanied by the use of checksums to validate the download. As we take our users security seriously at particl we encourage users to take their own security seriously as well. Our files are hosted on GitHub and we encourage users to verify the checksums. They are not gameable and We have a link to the wiki for such matters. https://particl.wiki/tutorial/verify-downloads < Here anybody unfamiliar with checksums and validating download sources can find explanations and guides for everything relating to this matter. We do this to keep our users safe and we have always practiced in this manner as is the responsibility of the project to do so, If Monero would follow such protocol to protect their users maybe their reputation wouldn't be in question. (NOTE: Monero could be encouraging the use of checksums now I honestly don't follow their development/News/Updates very closely anymore) I could be mistaken here, but so far i know Github is not encouraged for Monero users to download their binaries. They do encourage the use of checksums, but that still does not explain how their closed-off box of their official website got compromised in the first place and if things have been properly patched up on that server / closed-off box. Ever since fluffypony send that closed-off box out for investigation two months ago, there has been a total silence on that part. This creates rumors that it could have been the work of inside developers who either went rogue or were really negligent with their security access. |
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885
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Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about DASH?
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on: February 03, 2020, 05:16:33 PM
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Anyway, this coin has failed to fulfill the hopes from the investors. During the past two years or so, it has lost more than 90% of its value.
Most altcoins lost between 80% to 95% of their value, during the bear market. It is a bit unfair to just pin that on Dash.  And you sure missed out, by not investing in Dash before 2017. But lets be realistic : every cryptocurrency is subject to manipulation, has pumps and dumps, is volatile and is subject to long term trends / cyclus. Maybe when there is mainstream adoption of cryptocurrency in general in 5-10-15 years or more, that will change. Or maybe not. |
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886
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Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about DASH?
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on: February 03, 2020, 04:56:53 PM
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Dash is a cryptocurrency that is focused on providing fast, secure and low fees transactions and has developed the necessary elements to function as digital cash. Also Dash has optional privacy (not much used on its network though). Dash use cases (see specifications) : https://www.dash.org/forum/threads/dash-core-group-q4-2019-summary-call-thursday-30-january-2020.49508/#post-219789 An increasingly large number of people are using Dash in Venezuela : https://beincrypto.com/dash-may-have-1-million-users-venezuela-years-end/The reason for this is simple : you can pay for your every day purchases with Dash in an increasingly number of places in Venezuela (even Burgerking has opened its door to Dash), get your transaction confirmed within a few seconds, have that transaction protected against double spending from the start, enable the receiver to spend the received Dash after just a few seconds. No other cryptocurrency can give you this level of security and ease of use with regards to payments, for both users and merchants. You can send Dash through apps (smartphone), online (PC & Point of Sales devices) and you can even send Dash on normal phones (not smart phones) through SMS (it is called Dash Text). Dash is actively developing new use cases through its major new upgrade named Dash Platform (5 years in the making), that got released on Dash Public Testnet (Evonet) a few weeks ago.  To see what Dash Platform is about : https://www.youtube.com/watch?v=8jI7Nt3lILs |
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887
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it worth to invest in Dash coin?
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on: February 01, 2020, 02:45:57 PM
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A large factor with sudden price spikes and sudden price dumps has to do with the circulating supply and the liquidity of a cryptocurrency in the crypto market. When the circulating supply is low and the liquidity on exchanges is also low, the price tends to jump very high during bull markets and fall very low during bear markets Dash circulating supply according coinmarketcap is : 9.3 million Dash Dash combined masternode collateral (not circulating supply) is : 4.6 million Dash Dash actual free circulating supply, due to Dash masternodes model is therefore : 4.7 million Dash There is really not much needed to move the price of a cryptocurrency like Dash, which only has a few million Dash in actual free circulation on markets / exchanges. Always keep that in mind when you think about Dash. The Internet is programmable information. The blockchain is programmable scarcity.
- Balaji Srinivasan |
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888
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Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about DASH?
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on: January 31, 2020, 10:57:12 AM
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Numbers dont lie. Fiat inflates (value loss) by about 2,2% annually.  Dash supply reduces by 7,1% and Bitcoin new coin supply halves every 4 years Interesting data. Do you have a source link for me? (to the Dash<> Bitcoin comparison over the years part) Would be interesting to do a comparison from 2009 (when Bitcoin started), so we can compare both cryptocurrencies better with regards to generated supply. Also i would like to see the data for 'Still Available Bitcoin' before 2020. Thanks in advance. |
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889
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it worth to invest in Dash coin?
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on: January 30, 2020, 10:20:38 AM
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Dash will do extremely well over the next coming years, no question about it.
Decentralized masternode network with privacy features. What's not to like here? Scarce supply as well!
This is true, according coinmarketcap Dash has a circulating supply of 9.3 million DASH. However the Combined Masternode Collateral (Number of masternodes x 1000 Dash) is 4.6 million Dash. Which means that Dash circulating supply is actually a lot lower then most people think it is. Dash circulating supply (taking into account the combined masternode collateral) is 4,7 million Dash. Dash also has a yearly reduction of its blockrewards of -7.1% (next one scheduled in 3 months), which means less Dash supply will be generated each year. Dash inflation rate is currently at 7.5%, which is a bit higher then older cryptocurrencies like Bitcoin, that have (by now) a much smaller inflation rate. It will take Dash about six / seven years to reach Bitcoin's current inflation rate (3.7%) Sources : https://coinmarketcap.com/currencies/dash/http://178.254.23.111/~pub/masternode_count.pnghttps://stats.masternode.me/network-report/309594 |
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892
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it worth to invest in Dash coin?
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on: January 29, 2020, 12:00:32 AM
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Before investing in any cryptocurrency, you first have to understand that cryptocurrency. Let me provide some additional information about Dash. First of all, this cryptocurrency is just called Dash (not Dash coin). Dash has some features that make Dash stand out among other cryptocurrencies : * Dash network is immune to 51% attacks through ChainLocks, making Dash more secure then other proof of work cryptocurrencies ( https://dashnews.org/dash-activates-chainlocks-51-attack-protection-becomes-most-secure-decentralized-currency/) * Dash has instant, secure and low cost transactions, with optional privacy for those that need it ( https://blog.dash.org/chainlocks-and-llmq-based-instantsend-mean-digital-cash-efe2852da9ca) * Dash has a decentralized budget and governance system that funds projects that can benefit Dash. For example Dash funds teams on the ground in Venezuela, Colombia, Thailand and other countries (Dash is doing particularly well in Venezuela : https://beincrypto.com/dash-may-have-1-million-users-venezuela-years-end/) * Dash is expanding its use cases by introducing Dash Platform, which will provide :  Source : https://www.dash.org/roadmap/ Dash Homepage : www.dash.org |
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896
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: January 28, 2020, 08:38:19 AM
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So, have Dash fully realized it's potentials? I've been hearing about Dash and it's hype ever since I knew about cryptocurrency, in fact, I once held Dash for long term but had to sell off because I'm not so much impressed with it's rate of project development. I may have been too hasty in my judgement though, so that's why I'm asking how serious they are now.
Dash has definitely not realized its full potential yet, it will take time to test Dash Platform on Evonet* and it will also take time to get app developers involved to help Dash with developing new Dapps and new use cases. But Dash does have a clear roadmap** and a pretty good idea how to achieve the goals on that roadmap. * https://blog.dash.org/announcing-the-release-of-dash-platform-on-evonet-c5a94dee0e59** https://www.dash.org/roadmap/I think Dash presence in Venezuela, Colombia and other countries that are struggling with their (hyper) inflation rate will only strengthen this year and following years, as Dash already functions for users there as fast, secure, immediately spendable, digital cash and is getting increasingly more popular. Link : https://beincrypto.com/dash-may-have-1-million-users-venezuela-years-end/The way i see it people are either into Dash because they want to use it as digital cash for their every day purchases, or they are into Dash for its long term profitability. People belonging to the last category will need patience, lots and lots of patience. And maybe just maybe a little bit of faith too. Faith that Dash development team is up for the task and faith that the market will value the developments and progress that Dash made and is still making. |
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