What happens if we cut it in half?
The collateral gets halved
The reward gets halved
Expenses remain the same
Wouldn't expenses double ? For a given holding, you've got to run twice the number of nodes for the same return. |
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Just another example of how lousy Bitcoin's development/developers have been. Malleability has been a known issue for four years, and they still have done nothing to fix it. It almost boggles the mind. I must say, I've never even contemplated bitcoin not being "the one", but for the first time Im starting to entertain the idea. Its high marketcap has ironically lead to an atrophying maintenance paradigm combined with an impoverished solutions pool for tackling future challenges. The central problem is that there's been a consensus emerging that bitcoin should "not be touched". Scaling, functional diversity, governance and privacy must all be dealt with through external 'boilerplating' because everyone's sh*t scared to adversely impact its marketcap. But maybe its marketcap is about to be compromised anyway. That consensus could be wrong. The roadmap that Dash has just unveiled raises the opportunity cost of that consenus by an order of magnitude because we are talking here about very fundamental protocol level inhibitors to adoption which are endemic to Bitcoin, now being addressed in Dash. The reason that's significant is that Dash is a compatible clone which can plug straight into the Bitcoin commercial ecosystem. I wrote a bit a while back about the sociological need for money to be seen to function effectively as cash before it can form a sustainable basis for credit. (In bitcoin, for 'credit' read every type of off-blockchain secondary manifestation from sidechains to ETF's to the Lightning network). Well the Evolution roadmap puts all those requirements squarely in its sights. It represents an unambigious prescription for cash - not for credit, nor a settlement layer, nor any boiler-plated hybrid. Maximum openness, maximum fungibility (giving rise to maximum anonymity), instant transfer and universal accessibility at the base monetary layer are what characterise the medium known to the general public as 'cash'.  If it reaches a successful implementation, you can forget about trolls because the value won't be speculative anymore. It will be driven by a completely different type of market that's more far more interested in immediate commercial priorities than any squabble-threaded exchange on bitcointalk. IMO, last night's roadmap staked out a territory that's concerned with commercial adoption, not popularity contests. It also drove a fleet of tanks straight onto the lawn that bitcoin's devs vacated in fear - protocol level specialisation. Say what you like about the risks, but there comes a point in the risk-reward seesaw when the latter end of it just gets too big to ignore. If Dash pulls off what was on that slide, it will have turned the see-saw into a catapault.  |
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So... tok: Still feeling protective towards that fat, acne-faced Moronero-pig?
No. Although I wouldn't feel the need for such overtly personalised language. His actions speak for themselves. |
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Are you saying we shouldn't put those arguments up on the OP? Thing is, if it's there, one could assume that newbies could find the relevant information easily for themselves. We could also answer back on the forum, please read the OP. I don't think it looks bad on us to admit to the instamine, and to explain how it actually benefited the project.
I wouldn't bother, for 2 reasons: [1] - there is no case to answer as far as the 'instamine' is concerned. A badly launched coin can be a far more secure and viable investment than a so called 'well launched' one - in fact most "well launched" coins have been utter disasters as a long term investment. The only reason it gets thrown in our faces is that it's all there is for those who are attempting to push their own competing agendas, most of which have 'scam factors' that are far more terminal than Dash's early fastmine. None of those are going to go on the header of an ANN thread, you can be sure of that. [2] - Dash's future markets are not the readers of bitcointalk. They are commercial economic sectors who will adopt a cryptocurrency on grounds of pure economic advantage - nothing else. If a monetary media can demonstrate a proven profitability in a sector, it will get used. If it doesn't it won't. Dash's mission is to acquire the technological properties that deliver such a gain. It has jack to do with the launch. |
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what happens if even 1% of the whole world started using it?  Well there's already 22 people in the United States running their own wallets. I don't know how close to 1% of the world's population that is but it's nearly a whole classroom full of kids so I suppose scaleability is a worry. Add to that all the recruits they get from passing out leaflets at Dash presentations and they might have a real problem on their hands  |
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The cool thing is Evan never gets his feathers ruffled (well, unless he's excited about code, LOL) and is always nice and polite.
Agreed. In that vein, it might be useful to address the five latest troll-claims prominently in the OP and patiently point newbies there every time the trolls attack. There is some reason the trolls keep pounding away here even though most of us have them on Ignore. People suggest they are targeting newbies, and that certainly might be the case although it seems that most of the newbie post action here is from troll puppet hit and run accounts. Maybe the real newbies lurk and read for a long time before wading in, in which case the trolls might actually have an audience to justify their amazing time investment. A partly-baked draft of the kind of "permanent" rebuttal I mean - I'm sure the team can do it better: 1. See Evan's approach of pointing out what happened re the instamine (over and over and over) - it is what it is, and newbies can accept it or walk away - there is no coercion to use the coin (unlike fiat). 2. The MNs give an incentive to hold more - that is very different from "an unfair advantage to large holders". Anyone at all can join the MN (partial) owner club, whether or not they have 1000 or more coins. The concept is analogous to the now-archaic practice of banks paying interest for the use of your money - the network pays MN owners for their investment. Demonizing this practice is quite a stretch! 3. The claim that MNs are not decentralized is a semantic trick, and the implied "be afraid, be very afraid" element is a psychological trick. Consider - the American acronym-agencies allegedly spy on anything and everything. There is no particular reason to think they pay more attention to Amazon AWS than to anything else. That said, increased diversity is of course wise. As for semantic trickery, there is but one planet Earth (centralized), one Internet (centralized), one group of Dash users (centralized), blah blah. Centralization is in the eye of the beholder, but Dash grows more decentralized every day. 4. This is another "be afraid" ploy, but it is worth thinking about. The claim is that if you hold a MN (or a portion of one?) you might be harassed by future AML laws in some jurisdiction or other. True - you might - there is no way to know what witch-hunts may appear in the future. Now what - what follows from that? It is dangerous to get out of bed in the morning. It is also dangerous to remain in bed. In any case, the troll-claim here (mixing is bad) is contradictory to troll-claim 5 (not mixing is bad). 5. The "mixing is slow" claim is a useful improvement tip. It is semantically loaded though - "slow" compared to what? Regardless, it is used to assert the consequent that mixing is not the default (true, I think) and that therefore fungibility is an issue (true, I think). I seem to remember seeing suggestions for this issue such as "keep mixing running in background", but I haven't paid close enough attention to the details. I'm sure the team is working on it though. That is a great post. Thanks for saving me the typing - I'll go off and do something useful now  |
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the monxxo way...
use a staple, print your papers at home and pin them together Jes'z. How sad does someone have to be to come out with such self righteous bile. I can't believe anyone would actually think that handing out that kind of stuff is going to help their cause.  The technology behind Monero was designed BY and FOR the NSA. That's why its big sell is "privacy" over everything else. The financial equivalent of the Patriot Act - forfeit all the accountability of a trustless technology for the sake of (so called) 'privacy' which could be compromised as hell by a single agent and no-one would even know about it. Thats why only a few gullible religious fanatics would ever swallow it as being a viable public commodity. Let such anoraks sneak around with their little flyers and toxic propaganda. They're only atrophying their own community and their marketcap with it. |
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What a high troll pressure! WOW! You mean "pressure" as in a hedgehog leaning on a bear ? |
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You can't save...
Worry about saving yourselves. The desperation is getting comical.  |
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Go to Settings -> options -> click on Wallet Tab -> tick "Enable coin control features" -> Click OK
You will then see coin control features on the send screen.
Fantastic ! I didn't see that. Thanks a lot. |
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I'm in a bit of a fix with a wallet.
I need to consolidate some amounts but tell the wallet which address I want the payment to come from for each transaction. Basically I need a coin control function.
Is there any way to do this other than to create a brand new wallet for each originating address and import the private key so that the wallet is forced to take the funds form that address ? I don't think the Dash wallet supports coin control does it ?
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instead of accessing a single server you are accessing the dash network Thats what it looked like to me as well. |
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Bitcoin network doesn't have an API. You mean the api just applies to a single node ? |
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The specifications looks f**king insane
It sure does. (Though I'd argue it was actually totally sane  ) The thing is, last year's (2014) roadmap generated a massive buzz and propelled Dash well into the field of serious long-termers with a marketcap to match. This year's roadmap is if anything more exciting just because of the fact that it's starting from such an elevated level of development. The masternode network's already there and working smoothly. Darksend is already there. InstantX is already in production. Last year, everyone was starting off from the same point - all Dash had was a roadmap. This year there's already a gap the size of the grand canyon between this and any other bitcoin-compatible project, not to mention bitcoin itself. Everyone was too busy digging their heels in about masternodes not being the way to go for one reason or another. Well now they can see it is the way to go and that the price of not doing so is becoming monumentally huge when set against the tsunami of benefits coming this way. |
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....meanwhile, back at the ranch. This Evolution stuff looks pretty amazing.
He's going for an absolute cash analogue. Instant, anonymous and instantly anonymous.
He must be pretty confident about pulling this off to have announced it so publicly. I also wonder what the "API" is all about. I mean bitcoin has an api - what's different about this one ?
It's taking everything to a new level.
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I've deleted all my posts but the damage has been done. I'm sorry. I thought It was funny, but in the end you're correct.
 Thanks ! You are a great person. |
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So that's really not what I meant. Apologies for that I realise you weren't ill meaning in a personal way, Tante. But after you posted that, the picture just quickly turned into a metaphor for some of the online trolls and that is potentially not very healthy. The offline community is nowhere near as toxic as some of these forum exchanges are. When you meet people in person you usually have a completely different type of exchange than in an online scenario where all the human intuitive signals that support a favourable and constructive interchange are stripped away. If people start posting pictures of individuals of whom they have no idea who they are and start using them for troll "target practice", that is the thin end of a wedge which can spill from the anonymous online world into the real world and I would very much like for that not to happen. Put it this way, how would you like for your photo to be posted on a hostile forum to be kicked about by all and sundry as they see fit when you had never lifted a hostile finger to anyone and not even asked for your photo to be taken in the first place ? |
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poor slob I don't think we should be publicly traducing people that are unknown but who's photographs are published in the forum. The guy is just innocently handing out leaflets and doesn't merit any online hostility. I don't think it's very respectful to post his image and call him a slob. I think that photo should be deleted. Many people attend these types of meetups which are usually good spirited all round. However if they start being a target for political voyurism it will just sour the offline community as well as the online one. |
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Here's where the videos of that Amsterdam thing get posted to. I wouldn't wait up though. It probably takes at least a few days to prepare these things and the event doesn't even finish till eleven O'Clock tonight local time. Maybe someone will tweet the highlights on their iPhone as if it was Greek bailout summit or something. Of course he might not even announce anything at it - maybe he's just going to be chatting.
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