[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[BrainShutdown]

• Decentralized Masternode Network

In order to run a Masternode, users must put up 1000 DRK as something akin to collateral, though unlike traditional collateral, the DRK never leaves the user’s possession.  It can be moved or spent at any time by the user - doing so simply removes the Masternode from service and makes it ineligible to receive rewards.

What are masternodes ?
Are they VPSs ?
What do masternodes do exaclly on network ?
Who is the owner of them ?
How put 1000 coins at masterndes ?
How earning more mining reward from them ?

https://dashpay.atlassian.net/wiki/display/DOC/Official+Documentation

EDIT: More specifically

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867864

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[qwizzie]

• Decentralized Masternode Network

In order to run a Masternode, users must put up 1000 DRK as something akin to collateral, though unlike traditional collateral, the DRK never leaves the user’s possession.  It can be moved or spent at any time by the user - doing so simply removes the Masternode from service and makes it ineligible to receive rewards.

What are masternodes ?
Are they VPSs ?
What do masternodes do exaclly on network ?
Who is the owner of them ?
How put 1000 coins at masterndes ?
How earning more mining reward from them ?

https://dashpay.atlassian.net/wiki/display/DOC/Official+Documentation

EDIT: More specifically

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867864

or

https://dashpay.atlassian.net/wiki/display/DOC/Masternode+network

[BrainShutdown]

• Decentralized Masternode Network

In order to run a Masternode, users must put up 1000 DRK as something akin to collateral, though unlike traditional collateral, the DRK never leaves the user’s possession.  It can be moved or spent at any time by the user - doing so simply removes the Masternode from service and makes it ineligible to receive rewards.

What are masternodes ?
Are they VPSs ?
What do masternodes do exaclly on network ?
Who is the owner of them ?
How put 1000 coins at masterndes ?
How earning more mining reward from them ?

https://dashpay.atlassian.net/wiki/display/DOC/Official+Documentation

EDIT: More specifically

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867864

or

https://dashpay.atlassian.net/wiki/display/DOC/Masternode+network

Isn't it just great to have all the information in one place? 

Kudos to all that made this possible 

[qwizzie]

Maybe i had a blackout or something but since when have we been on 50% MN payouts ? https://dashninja.pl/blocks.html
I thought we were at 47.5% ?

[BrainShutdown]

Maybe i had a blackout or something but since when have we been on 50% MN payouts ? https://dashninja.pl/blocks.html

~24h

I don't mine so I'm not sure but it seems that the pool that was in 2nd place is down or something...

[Minotaur26]

For plenty of useful information about the project visit the Dash Official Wiki. 

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867864

Just so you have an idea of what you will find there:

[the-baker]

I do know that vertoe said that (paraphrasing) development was not really the focus of Dash, it was more about golden donkeys. He was inside, not me (and not you, right?), so I'm going to accept his judgement on that.

It should be noted that after vertoe left this project, he went on to scam all those poor saps at cachecoin, and has since sold his bct account to the highest bidder. Not what I would call a reliable source.

[GhostPlayer]

• Decentralized Masternode Network

In order to run a Masternode, users must put up 1000 DRK as something akin to collateral, though unlike traditional collateral, the DRK never leaves the user’s possession.  It can be moved or spent at any time by the user - doing so simply removes the Masternode from service and makes it ineligible to receive rewards.

What are masternodes ?
Are they VPSs ?
What do masternodes do exaclly on network ?
Who is the owner of them ?
How put 1000 coins at masterndes ?
How earning more mining reward from them ?

 In a very very small nutshell...

  Masternode is the name Dash calls dedicated full nodes, running on a VPS (virtual private server) that anyone can setup (<5 USD a months in general, good deals and slightly more work/setup <10 USD a year). Masternodes provide a service to the network and serve decentralized mixing so provide anonymity to InstantX transactions. For this service, the network rewards Masternode operators.

Anyone can run a Masternode, you just need 1000 Dash, that you safely keep in cold storage wherever you like, always maintaing full control over them, and is used as collateral to activate the VPS. You just issue some commands to prove you own 1000 Dash, and your eligible to run a Masternode.

 The formula is basically ...  ( 50% mining reward (5 dash * 0,5) * 576 blocks per day)  / total number of MN's (currently around 3020) =


 5 * 0,5 * 576 / 3020 = 0,4768 Dash on average per day.

 https://dashpay.atlassian.net/wiki/display/DOC/Masternode+guide

[smooth]

I do know that vertoe said that (paraphrasing) development was not really the focus of Dash, it was more about golden donkeys. He was inside, not me (and not you, right?), so I'm going to accept his judgement on that.

It should be noted that after vertoe left this project, he went on to scam all those poor saps at cachecoin, and has since sold his bct account to the highest bidder. Not what I would call a reliable source.

There's definitely some sketchiness there for sure.

[aleix]

I can understand a lot of people invested time, efforts and money in other currencies (monero, bytecoin, litecoin, etc.) and they are so pissed of of Dash succeed. It happens all the time.

Do you remember when Monero rised from 0.5 to 0.6$ a week ago and they all went crazy of happyness? You should read the "speculation thread" of Monero to understand the behaviour of this community. It is really funny and you will understand what they are doing here.

Ah, the famous "they hate us for our success" defense!

Except, of course, that Dash isn't really going anywhere. Since February the price has been rangebound (pretty much the same as Monero FWIW). It is up from the lows late last year, but below the peaks of late last year, again pretty much the same as Monero, and a bunch of other coins (at least the ones that haven't completely died).

This fantasy that someone Dash is "taking off" is just that. It's stuck.

This game is not about "the price" it's about development for now. You know that and I know that. Do you see people here worried about our last drop? I think we all see the big picture here.

For some fun you have your "TrueCryptonaire" in your speculation drama thread

For more info about what really matters in Dash please check:

https://dashtalk.org/forums/testing.53
https://dashtalk.org/forums/official-announcements.54

I do know that vertoe said that (paraphrasing) development was not really the focus of Dash, it was more about golden donkeys. He was inside, not me (and not you, right?), so I'm going to accept his judgement on that.

I don't need to "believe" or "accept" any judgement. I know what I can see, and what I see when I look at Dash is this:

https://dashtalk.org/forums/testing.53
https://dashtalk.org/forums/official-announcements.54

What I see when I look in Monero is hype, trolling, very funny "speculation" threads and this:

https://forum.getmonero.org/4/academic-and-technical

 

[UdjinM6]

Maybe i had a blackout or something but since when have we been on 50% MN payouts ? https://dashninja.pl/blocks.html
I thought we were at 47.5% ?

Code:

    if(nHeight > 158000+((576*30)* 9)) ret += blockValue / 40; // 313520 - 50.0% - 2015-08-03

https://github.com/dashpay/dash/blob/master/src/main.cpp#L1491

So since 313521 (it took a bit longer however)

Time: 1438662364 (2015-08-04 04:26:04)

http://explorer.darkcoin.io/block/0000000000131fda3ff9429647f56d6ed54c995bbcfe0d1754c58dade2c27f94

[oaxaca]

The latest Lets Talk Bitcoin program is out. Stephanie, Adam and Andreas engage in a very very interesting conversation on the nature of what has been created in Bitcoin and whether other crypto projects are truly looking to bring additional innovation or whether their purpose for existing is simply to copy/replicate what's already in Bitcoin (purely for devs' financial gain). Some extremely important concepts discussed and they mention Darkcoin/Dash several times (positively).

https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-237-the-stars-that-shine

I've been waiting for them to discuss this very issue for a long, long time.  Listening to this podcast is an hour well spent.

[BagHolder010]

Ohh looks who's here the cry*p*to forums dev lol, I am wondering if you're also Finnish since when Monero started it had a white/Blue wesbite with Finnish flag on it. Like Rpietila teh Finnish guy who also happens to have a Finnish company owning 10% of total supply that's without how much he owns + CryptoNaire who's studying at Helsinki University in Finland... with a shady start in Monero how on Earth did this happen still even after the ones who created Monero supposed to left Monero for Smooth & Fluffypony which I really think it didn't....you all in it to get other ppl's money only.

After copying Bytecoin you didn't add anything to crypto yet you come to OTHER coin ANN threads to cry out about how there are mean and *unethical*  lol the irony here out of all the developers of all the coins you hating on Evan the most yet he created Master nodes/ instant transactions and many more even if you DON'T like them yet I am pretty sure you won't even solve a simple code issue even if Evan himself was you're mentor.

If you have nothing to do after copying Bytecoin don't come to ANN threads and spread hate I know I will not touch Monero because you preach it here nor i'll look at it so stop cry*p*to about it on forums and do some actual crypto work or leave Monero for better developers to lead it.

I know you hate this so i'll say it again cry*p*to developer

[smooth]

https://dashtalk.org/forums/testing.53
https://dashtalk.org/forums/official-announcements.54

Yes it does seem that you've shunted a big chunk of your traffic into a nice, controlled walled garden, while Monero is still for the most part out here in the open on this uncensored Alt board.

I can certainly imagine why a coin like Dash would want to do that, so yes it is understandable.

I'm wondering what Dash supporters have against Finland, though. Not obvious at all. Nor do I "preach" Monero here. I virtually never mention it and try to stay on topic here, which is Dash, both good and bad. Maybe you guys can respect the forum and do the same.

[iCEBREAKER]

• Decentralized Masternode Network

What are masternodes ?
Are they VPSs ?
What do masternodes do exaclly on network ?
Who is the owner of them ?

Masternodes are the result of Dash's "bad crypto" approach to software design.  Making matters worse, most of them are owned by Otoh and/or fourth party VPS providers.  Masternodes are the Dash cargo cult's primitive "bamboo runway" attempt to copy Bitcoin's elegant and trustless Layer 2.

Nobody with a background in computer science and information security would ever spec, much less trust, such third parties.

Here's the deep background on why:

From Nick "Most likely to be Satoshi" Szabo's classic Trusted Third Parties Are Security Holes:

New Trusted Third Parties Can Be Tempting

Many are the reasons why organizations may come to favor costly TTP based security over more efficient and effective security that minimizes the use of TTPs:

Limitations of imagination, effort, knowledge, or time amongst protocol designers -- it is far easier to design security protocols that rely on TTPs than those that do not (i.e. to fob off the problem rather than solve it). Naturally design costs are an important factor limiting progress towards minimizing TTPs in security protocols. A bigger factor is lack of awareness of the importance of the problem among many security architects, especially the corporate architects who draft Internet and wireless security standards.

The temptation to claim the "high ground" as a TTP of choice are great. The ambition to become the next Visa or Verisign is a power trip that's hard to refuse. The barriers to actually building a successful TTP business are, however, often severe -- the startup costs are substantial, ongoing costs remain high, liability risks are great, and unless there is a substantial "first mover" advantage barriers to entry for competitors are few. Still, if nobody solves the TTP problems in the protocol this can be a lucrative business, and it's easy to envy big winners like Verisign rather than remembering all the now obscure companies that tried but lost. It's also easy to imagine oneself as the successful TTP, and come to advocate the security protocol that requires the TTP, rather than trying harder to actually solve the security problem.

Entrenched interests. Large numbers of articulate professionals make their living using the skills necessary in TTP organizations. For example, the legions of auditors and lawyers who create and operate traditional control structures and legal protections. They naturally favor security models that assume they must step in and implement the real security. In new areas like e-commerce they favor new business models based on TTPs (e.g. Application Service Providers) rather than taking the time to learn new practices that may threaten their old skills.

Mental transaction costs. Trust, like, taste, is a subjective judgment. Making such judgement requires mental effort. A third party with a good reputation, and that is actually trustworthy, can save its customers from having to do so much research or bear other costs associated with making these judgments. However, entities that claim to be trusted but end up not being trustworthy impose costs not only of a direct nature, when they breach the trust, but increase the general cost of trying to choose between trustworthy and treacherous trusted third parties.

Personal Property Has Not and Should Not Depend On TTPs

For most of human history the dominant form of property has been personal property. The functionality of personal property has not under normal conditions ever depended on trusted third parties. Security properties of simple goods could be verified at sale or first use, and there was no need for continued interaction with the manufacturer or other third parties (other than on occasion repair personel after exceptional use and on a voluntary and temporary basis). Property rights for many kinds of chattel (portable property) were only minimally dependent on third parties -- the only problem where TTPs were needed was to defend against the depredations of other third parties. The main security property of personal chattel was often not other TTPs as protectors but rather its portability and intimacy.

[iCEBREAKER]

Every scam makes all crypto currencies look bad. 

the DASH foundation better take heed.  They better record and make available minutes to all meetings.

I agree.  Where may we find the minutes of THE DARKCOIN FOUNDATION INC. meetings?

[qwizzie]

First Dumb & Dumber, then smooth and now we have yet another troll trying to break the ice .. this is getting quite a troll party tonight.
They must be thinking its happy hour or something...

[bigrcanada]

iceBREAKER...I've promised myself not to unignore you sir so I can't see your posts. 


 Unfortunately I can't hide your name on the left column of this forum.  Damn...can we do something about that.  

[bigrcanada]

50 DASH to someone who cant post a great chart/list of side by side comparison of updates, tweaks and features of DASH and Evans team development vs Smooth and team development.  

[smooth]

50 DASH to someone who cant post a great chart/list of side by side comparison of updates, tweaks and features of DASH and Evans team development vs Smooth and team development. 

Well, here's the first 8 months neatly written up. We've done a lot in the past 8 months too, but not so neatly written up, you'll have to comb through github for that (though there is also some in-progress work that isn't up anywhere yet, for example on difficulty algorithm design)

https://forum.monero.cc/1/news-and-announcements/134/monday-monero-missives-22-year-in-review-january-5th-2015

In case anyone is reaching for that straw man again, I'm not claiming I coded all this or did all this work. What I claim to have done is: leadership, design, and review, a lot of time on user and merchant support, a very stressful and time consuming incident response to the exploit, and some coding here and there. All as a volunteer with no premine, instamine, ICO, etc., who not only donated his time but is also one of the biggest direct donators to the project: https://getmonero.org/getting-started/donate/hall-of-fame

So again, put up or shut up. You accused me of working on a scam. Are you risking money on that belief or do you just have a big mouth?