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

[arielbit]

going back to this point..

Inventor of X11 = Quark is the first with chaining 6 algo, they just didn't call it X6....then X11 and X13 and X(for all i care) - nothing great about this

since Quark didn't use "X" and didn't call their algo X6...Evan got the spot light by adding "X" after chaining additional 5 algos (X11).

Evan's idea of adding "X" was so great and he was so proud and called his coin "Xcoin"--- fuckin brilliant LOL  

and that my friends explains why Evan was so proud of putting "Inventor of X11" at the dash (former Xcoin) announcement thread. LOL

P.S. I love this thread 

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[Sub-Ether]

Thanks for the info! I'm mining right now around 13 Mh/s. It's severely non-profitable. Which has me wondering why? Even more so, why are so many people hashing away and perfectly fine with losing money? Faith?

Genesis mining have transcended faith using better optimization and cheap electricity from the hot smelly thermal vents of Iceland.
https://www.youtube.com/watch?v=RqEgF7NCJ-0

[Sub-Ether]

It sure is when the only competition is an encrypted piggy bank with 34.02 followers - even @ 200% zoom.

sadly they are discussing disruption for DASH at the event.
I suspect we'll only see the sheep like dnaleor, hopefully no one truly disturbed turns up.
I doubt any of the main players like Risto will show, they wouldn't have the ticker.

The flight and hotel costs should deter them,
its going cost a little more than dnaleor's bus fare from his bedroom in Mama and Papa's house this time.

[arielbit]

going back to this point..

Inventor of X11 = Quark is the first with chaining 6 algo, they just didn't call it X6....then X11 and X13 and X(for all i care) - nothing great about this

since Quark didn't use "X" and didn't call their algo X6...Evan got the spot light by adding "X" after chaining additional 5 algos (X11).

Evan's idea of adding "X" was so great and he was so proud and called his coin "Xcoin"--- fuckin brilliant LOL  

and that my friends explains why Evan was so proud of putting "Inventor of X11" at the dash (former Xcoin) announcement thread. LOL

P.S. I love this thread 

Correction: He VASTLY simplified Quark before chaining additional algos - Quark uses branching.

okay i'm giving Evan that.. *clap* *clap* must be so proud of it to add "X" to it...and 5+6 = 11

he is a very good modifier/tweaker whatever the word is 

[arielbit]

going back to this point..

Inventor of X11 = Quark is the first with chaining 6 algo, they just didn't call it X6....then X11 and X13 and X(for all i care) - nothing great about this

since Quark didn't use "X" and didn't call their algo X6...Evan got the spot light by adding "X" after chaining additional 5 algos (X11).

Evan's idea of adding "X" was so great and he was so proud and called his coin "Xcoin"--- fuckin brilliant LOL  

and that my friends explains why Evan was so proud of putting "Inventor of X11" at the dash (former Xcoin) announcement thread. LOL

P.S. I love this thread 

Correction: He VASTLY simplified Quark before chaining additional algos - Quark uses branching.

okay i'm giving Evan that.. *clap* *clap* must be so proud of it to add "X" to it...and 5+6 = 11

he is a very good modifier/tweaker whatever the word is 

It actually makes the algo somewhat more boring, IMO.

why?...in layman's terms please.

[toknormal]

The flight and hotel costs should deter them

To a normal person, the idea of being caught in an exhibition of jaundiced turkeys would be enough of a deterrent.

[arielbit]

going back to this point..

Inventor of X11 = Quark is the first with chaining 6 algo, they just didn't call it X6....then X11 and X13 and X(for all i care) - nothing great about this

since Quark didn't use "X" and didn't call their algo X6...Evan got the spot light by adding "X" after chaining additional 5 algos (X11).

Evan's idea of adding "X" was so great and he was so proud and called his coin "Xcoin"--- fuckin brilliant LOL  

and that my friends explains why Evan was so proud of putting "Inventor of X11" at the dash (former Xcoin) announcement thread. LOL

P.S. I love this thread  

Correction: He VASTLY simplified Quark before chaining additional algos - Quark uses branching.

okay i'm giving Evan that.. *clap* *clap* must be so proud of it to add "X" to it...and 5+6 = 11

he is a very good modifier/tweaker whatever the word is  

It actually makes the algo somewhat more boring, IMO.

why?...in layman's terms please.

Less challenging to make it work well on GPU. Quark made me think a bit.

careful with words now..might label you a troll in here, thanks for the correction and another insight (less challenging Evan).

[miningpros]

Ethereum is a great platform, but it's not designed to be a currency.

From p2pfoundation.
"One common concern about Ethereum is the issue of scalability. Like Bitcoin, Ethereum suffers from the flaw that every transaction needs to be processed by every node in the network. With Bitcoin, the size of the current blockchain rests at about 20 GB, growing by about 1 MB per hour. If the Bitcoin network were to process Visa's 2000 transactions per second, it would grow by 1 MB per three seconds (1 GB per hour, 8 TB per year). Ethereum is likely to suffer a similar growth pattern, worsened by the fact that there will be many applications on top of the Ethereum blockchain instead of just a currency as is the case with Bitcoin, but ameliorated by the fact that Ethereum full nodes need to store just the state instead of the entire blockchain history." (http://buyxpr.com/build/pdfs/EthereumWhitePaper.pdf)

This is what evolution is addressing.

This is something that DASH has covered correct ?

[tungfa]

Listen to CIA Whistle Blower John Kiriakou And Evan Duffield Of Dash by The Crypto Show
 
(old interview of Evan / Rerun !)
 
https://soundcloud.com/heryptohow/cia-whistle-blower-john-kiriakou-and-evan-duffield-of-dash

3:50 min onwards

[bigrcanada]

going back to this point..

Inventor of X11 = Quark is the first with chaining 6 algo, they just didn't call it X6....then X11 and X13 and X(for all i care) - nothing great about this

since Quark didn't use "X" and didn't call their algo X6...Evan got the spot light by adding "X" after chaining additional 5 algos (X11).

Evan's idea of adding "X" was so great and he was so proud and called his coin "Xcoin"--- fuckin brilliant LOL  

and that my friends explains why Evan was so proud of putting "Inventor of X11" at the dash (former Xcoin) announcement thread. LOL

P.S. I love this thread  

Correction: He VASTLY simplified Quark before chaining additional algos - Quark uses branching.

okay i'm giving Evan that.. *clap* *clap* must be so proud of it to add "X" to it...and 5+6 = 11

he is a very good modifier/tweaker whatever the word is  

It actually makes the algo somewhat more boring, IMO.

why?...in layman's terms please.

Less challenging to make it work well on GPU. Quark made me think a bit.

careful with words now..might label you a troll in here, thanks for the correction and another insight (less challenging Evan).

I'm not too familiar with the launch, but wasn't that the idea? For a GPU implementation?

As I remember it... It was actually only CPU. The GPU came shortly after.   A number of individuals started off with huge server farms just cranking out the hash power... Once I got my bunch of azure servers going and made a good buck all be it for a short time. But... It became quite apparent quickly someone got GPU miners up and that changed the difficulty very quickly.  As I've said this was way beyond my technical level... It was my first mining...but it was super cool.. Once GPU took over I called it quits and. Just invested  in the coin by buying it in the open market.

[afreer]

Ethereum is a great platform, but it's not designed to be a currency.

From p2pfoundation.
"One common concern about Ethereum is the issue of scalability. Like Bitcoin, Ethereum suffers from the flaw that every transaction needs to be processed by every node in the network. With Bitcoin, the size of the current blockchain rests at about 20 GB, growing by about 1 MB per hour. If the Bitcoin network were to process Visa's 2000 transactions per second, it would grow by 1 MB per three seconds (1 GB per hour, 8 TB per year). Ethereum is likely to suffer a similar growth pattern, worsened by the fact that there will be many applications on top of the Ethereum blockchain instead of just a currency as is the case with Bitcoin, but ameliorated by the fact that Ethereum full nodes need to store just the state instead of the entire blockchain history." (http://buyxpr.com/build/pdfs/EthereumWhitePaper.pdf)

This is what evolution is addressing.

This is something that DASH has covered correct ?

Yes, Masternode operation is incentivized so as transaction volume increases the value of rewards to run more powerful nodes increases to offset the cost, meaning the network infrastructure scales with usage. Dash's design rationale in this area is to use economic incentives (a share of the block reward distributed equally amongst Masternode operators) to scale the network instead of reliance on Moore's law in the same way Bitcoin mining relies on economic incentives to secure the network rather than volunteerism.

Plus Masternode quorums mean you don't need every node in the network to partake in every action you want to do, therefore if Dash implements something like Ethereum's Turing complete scripting capability, the contract code wouldn't need to be executed by every node in the network, it could be delegated to subsets of nodes i.e. quorums, and could operate in near real-time rather than having to wait for the next block confirmation (state transition in Ethereum terms) by reusing the Instant X architecture.

There are also some new pruning methods in Evolution that Evan is working on that would reduce the blockchain size to help with scaling.

[arielbit]

going back to this point..

Inventor of X11 = Quark is the first with chaining 6 algo, they just didn't call it X6....then X11 and X13 and X(for all i care) - nothing great about this

since Quark didn't use "X" and didn't call their algo X6...Evan got the spot light by adding "X" after chaining additional 5 algos (X11).

Evan's idea of adding "X" was so great and he was so proud and called his coin "Xcoin"--- fuckin brilliant LOL  

and that my friends explains why Evan was so proud of putting "Inventor of X11" at the dash (former Xcoin) announcement thread. LOL

P.S. I love this thread  

Correction: He VASTLY simplified Quark before chaining additional algos - Quark uses branching.

okay i'm giving Evan that.. *clap* *clap* must be so proud of it to add "X" to it...and 5+6 = 11

he is a very good modifier/tweaker whatever the word is  

It actually makes the algo somewhat more boring, IMO.

why?...in layman's terms please.

Less challenging to make it work well on GPU. Quark made me think a bit.

careful with words now..might label you a troll in here, thanks for the correction and another insight (less challenging Evan).

I'm not too familiar with the launch, but wasn't that the idea? For a GPU implementation?

As I remember it... It was actually only CPU. The GPU came shortly after.   A number of individuals started off with huge server farms just cranking out the hash power... Once I got my bunch of azure servers going and made a good buck all be it for a short time. But... It became quite apparent quickly someone got GPU miners up and that changed the difficulty very quickly.  As I've said this was way beyond my technical level... It was my first mining...but it was super cool.. Once GPU took over I called it quits and. Just invested  in the coin by buying it in the open market.

Well, duh, of course it was CPU-only at the start. I'm asking if the intent was to make it easier on GPUs than Quark.

I'll wait for dash insiders to chime in...this is a very good question.

[110110101]

Introducing Our New Team Members

https://dashtalk.org/threads/introducing-our-new-team-members.7160/

Fantastic news, Dash has a lot going for it! Great work all and congratulations to the new team members!

[bigrcanada]

going back to this point..

Inventor of X11 = Quark is the first with chaining 6 algo, they just didn't call it X6....then X11 and X13 and X(for all i care) - nothing great about this

since Quark didn't use "X" and didn't call their algo X6...Evan got the spot light by adding "X" after chaining additional 5 algos (X11).

Evan's idea of adding "X" was so great and he was so proud and called his coin "Xcoin"--- fuckin brilliant LOL  

and that my friends explains why Evan was so proud of putting "Inventor of X11" at the dash (former Xcoin) announcement thread. LOL

P.S. I love this thread  

Correction: He VASTLY simplified Quark before chaining additional algos - Quark uses branching.

okay i'm giving Evan that.. *clap* *clap* must be so proud of it to add "X" to it...and 5+6 = 11

he is a very good modifier/tweaker whatever the word is  

It actually makes the algo somewhat more boring, IMO.

why?...in layman's terms please.

Less challenging to make it work well on GPU. Quark made me think a bit.

careful with words now..might label you a troll in here, thanks for the correction and another insight (less challenging Evan).

I'm not too familiar with the launch, but wasn't that the idea? For a GPU implementation?

As I remember it... It was actually only CPU. The GPU came shortly after.   A number of individuals started off with huge server farms just cranking out the hash power... Once I got my bunch of azure servers going and made a good buck all be it for a short time. But... It became quite apparent quickly someone got GPU miners up and that changed the difficulty very quickly.  As I've said this was way beyond my technical level... It was my first mining...but it was super cool.. Once GPU took over I called it quits and. Just invested  in the coin by buying it in the open market.

Well, duh, of course it was CPU-only at the start. I'm asking if the intent was to make it easier on GPUs than Quark.

I certainly can't help on that as I'm not a techie. At that time... I was just reading information on here and winging it. I remember there were several or more individuals that had a clue on what was going on.... Do Any dash old timers know?

[fastlan]

Thanks for the info! I'm mining right now around 13 Mh/s. It's severely non-profitable. Which has me wondering why? Even more so, why are so many people hashing away and perfectly fine with losing money? Faith?

Genesis mining have transcended faith using better optimization and cheap electricity from the hot smelly thermal vents of Iceland.
https://www.youtube.com/watch?v=RqEgF7NCJ-0

talk about centralization...

[TanteStefana2]

Well, duh, of course it was CPU-only at the start. I'm asking if the intent was to make it easier on GPUs than Quark.

I think he just did it his own way, as he didn't know about Quark, which is the impression I got long ago when I asked - don't ask me to find proof, I'll not waste my time.  Just giving you an answer if you're interested.

[noah tall]

...moron.

Think "useful idiot"

Think "controlled opposition".

<mod deletion protection>
At laBITconf, we will be presenting Dash to business representatives, industry experts and potential end users, and giving an update about Evolution as we prepare for the Miami keynote. We will be sponsoring a booth to exhibit Dash and talk directly to as many people as possible.
</mod deletion protection>

[Terwa]

cheaper MN for all  2.200 $ +200 Dash per year

[pille]

Just noticed this 

[AzzAz]

Well, duh, of course it was CPU-only at the start. I'm asking if the intent was to make it easier on GPUs than Quark.

I think he just did it his own way, as he didn't know about Quark, which is the impression I got long ago when I asked - don't ask me to find proof, I'll not waste my time.  Just giving you an answer if you're interested.

I suppose it's possible. Meh, hardly matters, I suppose. I just want to know his intentions for the PoW - what qualities he wanted it to have.

If I remember corectly, he mentioned few times that "easier on GPU..." so...