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Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Todd calls dash snake oil.
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on: July 20, 2015, 09:58:19 PM
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It was less than two months ago when I did my research: https://bitcointalk.org/index.php?topic=1077613.0 There are 1,800 active listed, but if you check the dates of the last transaction, you can see many are from months ago--before there was a list of holdings (1000+ meant active, but most weren't --more than half if I remember correctly), but now that and the hosting company's name is cut off--I'd like to think it was a reaction to my research--you don't want the suckers knowing too much about the going-ons. I do like how you create a fake satoshi reply, dismiss the attack vector without any analysis, and misrepresent the real number of active nodes, but I don't expect research or formal arguments from dashers. If you don't think law enforcement would coerce or subpoena mn operators (you'd only need Evan or Otoh for million dash) or hosting companies to comply in orderto break up a pedophile-mining ring or a drug syndicate or human trafficking operation, then you haven't been paying attention with how well LEAs orchestrate international sting operations--though again, they would only need one or two whales and they'd have enough to undermine anonymity and it could be done by one domestic agency. It's an attack vector and it won't disappear until you get rid of masternodes or find a better way for them to create anonymity. 1. "misrepresent the real number of active nodes"? Distribution of 2866 (with 2616 unique IPs) Dash Masternodes (Summary by Country, unique IPs only) Last check: Mon Jul 20 23:30:31 CEST 2015 V2 Client version: 110223 2. Let me get this straight... Your interpretation of "snake oil" is an extremely far fetched attack vector? You want to DDOS 2,866 servers worldwide for an extended period of time without anybody noticing? You should be aware that there are no coins stored on these nodes. If a server goes down, it can be recreated on a different server (anywhere in the world) in a matter of minutes. 3. Faking Satoshi PMs. Guilty. Whatever. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Todd calls dash snake oil.
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on: July 20, 2015, 09:06:37 PM
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Start by rereading it. You missed some things, but I expect selective reading/hearing from dashers. Also, 95% of the nodes are in 5 countries (all allies) and on hosting services and there aren't 2,800 active nodes--last time i checked it was around 1,200. given pedos are mining dash (allegedly) it wouldn't be hard to imagine those countries working together to stop and prosecute by using subpoenas or coercion to hosting companies or the mn operators themselves.
Last I checked there are 2,866 ACTIVE MasterNodes. 1,200 was roughly 1 year ago. You are obviously way behind. I suggest you start by reading the open source code or the PDFs or something. Your concerns are real. I'm sure that the US and it's allies are planning this takeover while we type. Jesus, this is the best you've got? Meanwhile, I'm sure you all have been waiting for the reply to my PM. Here it is:  |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Todd calls dash snake oil.
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on: July 20, 2015, 08:13:33 PM
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I'm still waiting for you to refute this (I'm no Peter Todd, but it seems kind of a big security lapse and it can warm you up for when Todd shows up):
LOL. Here's the attack vector Evan created out of ignorance, stupidity or pure not giving a fuck.
The easiest attack is to buy masternodes and ddos attack competing nodes until you own the traffic. Evan claims it's financially implausible, but ignores that nodes are most profitable when there about a 1,000 masternodes (he has a ROI graphic on the dash BCT thread that underscores this). He also ignores that the attacker would be pulling incomes from these masternodes--given that most are held on corporate servers underlies that no one knows who owns them outside of the host and the owner. He also ignores how motivated an attacker may be, that he or another masternode operator might comply given the right circumstances (threat or lawful compliance) and how deep LE's pockets are--silly, dangerous, stupid.
If you trust that system knowing the flaws, you deserve whatever comes your way--except maybe being linked to pedophiles--can you show that link on your explorer?
DOS'ing masternodes doesn't reduce the anonymity set of the transactions or coins mixed before the DOS. If the masternode count drops 50% for example all of a sudden, mixing coins at that moment is not a good idea. It was already suggested a year ago or so that the wallet would take care of this and protect the user during the network downtime. It hasn't been implemented yet afaik, DASH must grow at least 100x at minimum before this (an appearance of such a motivated attacker) would become even a possibility. DDOS is to control the majority of nodes, not to directly reduce the anonymity set--though by doing so while monitoring the nodes you posses would break anonymity--which was my point. Nice suggestion, but wouldn't an attacker take control of the nodes before any measures were taken, while it was cheapest, and while they could gain the most info for the longest time without raising any red flags? Also, you still have no measure in reality or in the works to stop an organization from using coercion or compliance to motivate a node operator to turn over data--this is even better since the whatevermine granted the first users such a large stash of coins and the masternodes are most likely concentrated in a few hands. But here's the big problem: masternodes are human controlled intermediaries that perform important functions. Whatever breaks dash's anonymity will happen because you trust this moronic system that is begging to be broken. You are playing a game of whack-a-mole and apparently no one in dashland has the theoretical capability to see it or the moral compass to speak up. Snake oil. Your plan to break the anonymity of DASH is to: Buy 1,000,000 DASH, Set up 1,000 MasterNodes you control, DDOS all of the other MasterNodes (2,800 or so in 38 countries), and Profit! where to start? |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Todd calls dash snake oil.
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on: July 20, 2015, 06:20:08 PM
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I dont even knew Peter Todd before this, but i have to agree with him on that one... reduzing the block time is not a good soluction for a lot of reasons, bitcoin should be considered money, and its normal to have services working on top of it, just like VISA work on top of FIAT... you are talking about instax, instax is an feature on top of an central pseudo-descentralised autirity
Instantx is a transaction whose funds are locked by the masternode network until the miner network confirms it through block writing (EDIT - which prevents double spending and confirms in seconds). Can you elaborate on what "central pseudo-descentralised autirity" means? |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Todd calls dash snake oil.
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on: July 20, 2015, 05:58:27 PM
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Dear Peter (if I may be so bold as to call you that as we have never met):
I read your twitter statement comparing DASH to snake oil. I'm trying to understand your premise. Could you elaborate with any relevant facts, documents, test results, theories, quotes, assertions, or anything at all that will help me validate your concerns.
Thank you,
An Enthusiast.
-------------------------
There, that should get a response from his holiness within the hour.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Todd calls dash snake oil.
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on: July 20, 2015, 05:48:06 PM
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Surely DASH has at least one developer / supporter sophisticated enough to challenge Peter Todd on his assessment, no? If this was my investment, I'd push for answers if someone with a strong tech background called it "snake oil".
Again, it's tough to challenge his "assessment" when he provides ZERO backup or documentation or analysis or anything but name calling. OK, let me quote your prophet:  hmmmm. Is he saying that the instantx feature of DASH is "better off"? |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Todd calls dash snake oil.
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on: July 20, 2015, 05:29:03 PM
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meme
And attacking monero is refuting Todd, how? Can't Evan refute Peter's assessment or are shills with memes the only thing propping dash up? Still snake oil.... It's difficult to refute Peter's assessment when he provides absolutely no details other than name calling. Now if he would elaborate... |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: June 30, 2015, 12:35:11 AM
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Hello,
Yes, we suck.
Regards,
Coinbase Compliance
I feel for you. Back in the day, I had to sell some BTC to pay the factory to fabricate ASIC miners. Coinbase fucked me over. I spent a few hours finding them, knocked on the door, and convinced them to give me my money or else. They saw the light and I walked out with a company check. I'll never deal with them again.  |
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