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

[Wintermute]

Not really in my opinion, resistant means that once ASICs are out they won't have a large advantage over the GPU/CPU miners and the latter group can still compete with them. It remains to be seen if that is possible and how large the advantage of ASICs will be.

I have worked with people that produced ASICs scrypt and sha. Also talked to them regarding X11. An ASIC will always be better than a GPU/CPU. If there would not be an advantage the companies would not do it, as the tapeout is too expensive. In fact they will only do it, if they outperform by a wide margin.

Due to the high upfront cost an ASIC is a huge entry barrier. ASICs will lead to significant concentration in the mining sector.

[tungfa]

Dash on Exmo - Security AND mobility with InstantX
(Speed is Safety)
 
tx tao
https://www.youtube.com/watch?v=40n6joIOkVg&feature=youtu.be

[TanteStefana2]

...

Hash rate went up, price has effectively gone down given the emissions and sideways price.

DASH was billed as ASIC resistant. So that has to be taken into consideration.

Some people falsely believe that an increasing hashrate means a better security model. This is incorrect! In the concrete case of DASH one or two companies now could have complete control over DASH mining by mass-producing and deploying ASIC miners. The hashrate would dramatically increase pushing all the small GPU miners out of the competition. But this is not a better security model, but far worse and centralized.

The end-result can be seen when looking at Bitcoin. A few major hardware manufacturers are in control of Bitcoin mining. The whole mining world is very centralized leading to all sorts of problems.

One of DASH's major selling points was that it is ASIC resistant. We should keep it this way, to avoid centralization!

This would be true if miners controlled the blocks but they won't in Evolution, and I believe even now, they have to be on the correct version of Dash for MNs not to reject their blocks.  So even now, Miners can't fully control the blocks, even if they have > 50% hash power.  Soon, they'll have nothing to say about it, they'll only be allowed to include pre-vetted and locked transactions, period.

And higher hashing power is more secure.  The higher the hash rate the harder it is for anyone to pull off a coup of the blockchain.

[Walter_S]

Tao asks: How can you avoid a Mt. Gox situation for your Dash?

http://youtu.be/40n6joIOkVg

The future is now. Use Exmo.

I did some tracking based on your exchange address and I'm pretty sure that

* This masternode is owned by you: https://chainz.cryptoid.info/dash/address.dws?XiW49wtg2p2nbKD8KPrJdqzP2Vch5MNd74.htm
* This wallet was previously owned by you, now unused: https://chainz.cryptoid.info/dash/address.dws?Xh2F7kU7zrQqedoki7qMmY78poEsb8ELwU.htm

I didn't use any fancy scripts to get this info. Imagine chainalysis trying to map the DASH blockchain. They would be able to extract much more info.

DASH, not that anonymous after all...

Wow... That's incredible!   How about you try doing the same on some funds that have been mixed first by darksend...?

- I've just signed up to exmo and my wallet address is Xv5mBxsjuZSb6i6o7zhBhA5jsP4D74uqF2.
- I've just deposited via instantx 30Dash that's been through 4 rounds of Darksend
- I have selected 6 masternodes from which the funds originated

That's enough information (way more than I should give you really)...

Can you tell me the address(s) - with certainty - of any of those masternodes?

Thanks  

Walter

[Wintermute]

And higher hashing power is more secure.  The higher the hash rate the harder it is for anyone to pull off a coup of the blockchain.

This is not correct. If you hand mining over from a decentralized system of tens of thousands of GPU miners to one ASIC manufacturer it does not increase the network security.

For this reason we need to change the hashing algorithm from time-to-time, so that no ASIC can be produced (ASIC production takes a lot of time).

[UdjinM6]

...

Hash rate went up, price has effectively gone down given the emissions and sideways price.

DASH was billed as ASIC resistant. So that has to be taken into consideration.

Some people falsely believe that an increasing hashrate means a better security model. This is incorrect! In the concrete case of DASH one or two companies now could have complete control over DASH mining by mass-producing and deploying ASIC miners. The hashrate would dramatically increase pushing all the small GPU miners out of the competition. But this is not a better security model, but far worse and centralized.

The end-result can be seen when looking at Bitcoin. A few major hardware manufacturers are in control of Bitcoin mining. The whole mining world is very centralized leading to all sorts of problems.

One of DASH's major selling points was that it is ASIC resistant. We should keep it this way, to avoid centralization!

This would be true if miners controlled the blocks but they won't in Evolution, and I believe even now, they have to be on the correct version of Dash for MNs not to reject their blocks.  So even now, Miners can't fully control the blocks, even if they have > 50% hash power.  Soon, they'll have nothing to say about it, they'll only be allowed to include pre-vetted and locked transactions, period.

And higher hashing power is more secure.  The higher the hash rate the harder it is for anyone to pull off a coup of the blockchain.

This would be true if miners controlled blocks but they don't even now - it's not miners who provide blocks, it's pools. Miners only provide shares to pools, no blocks are coming from them unless someone is solo-mining.
Speaking of "GPU miners really care about the network" - I keep hearing this argument a lot these days but why do we constantly had coinmine at 50%+ while we were mined on GPU only?... Let me guess - they actually don't care that much because their investment is not that Dash specific. And now there come Dash specific investors in mining field. Let's see how our hashrate will split now 

[tungfa]

DASH Technical Analysis for 02/24/2016 – Price Ready to Rally Again?

http://themerkle.com/technicalanalysis/dash-technical-analysis-for-02242016/

 

[TaoOfSaatoshi]

Tao asks: How can you avoid a Mt. Gox situation for your Dash?

http://youtu.be/40n6joIOkVg

The future is now. Use Exmo.

I did some tracking based on your exchange address and I'm pretty sure that

* This masternode is owned by you: https://chainz.cryptoid.info/dash/address.dws?XiW49wtg2p2nbKD8KPrJdqzP2Vch5MNd74.htm
* This wallet was previously owned by you, now unused: https://chainz.cryptoid.info/dash/address.dws?Xh2F7kU7zrQqedoki7qMmY78poEsb8ELwU.htm

I didn't use any fancy scripts to get this info. Imagine chainalysis trying to map the DASH blockchain. They would be able to extract much more info.

DASH, not that anonymous after all...

You're a regular Sherlock Holmes...with way too much time on his hands. And no, I didn't use Darksend, so congratulations...I guess.

[TaoOfSaatoshi]

Dash on Exmo - Security AND mobility with InstantX
(Speed is Safety)
 
tx tao
https://www.youtube.com/watch?v=40n6joIOkVg&feature=youtu.be

Thanks tungfa, I hope I convinced some people to switch to Exmo.

Update: Their withdrawals were super fast also, although not InstantX for me.

[splawik21]

Dash on Exmo - Security AND mobility with InstantX
(Speed is Safety)
 
tx tao
https://www.youtube.com/watch?v=40n6joIOkVg&feature=youtu.be

Great Tao!

If someone of you have not the EXMO account you can use my refferal

https://exmo.com/?ref=228835

Till the end of march all the earnings from the fees goes to TAO - great video my friend

[kointrend]

If someone of you have not the EXMO account you can use my refferal

https://exmo.com/?ref=228835

Done! 

[eduffield]

Anyone know the low and high price for 2014, 2015 and 2016?

[dEBRUYNE]

Anyone know the low and high price for 2014, 2015 and 2016?

Use these links and set them to weekly:

https://bitcoinwisdom.com/markets/cryptsy/drkbtc

https://cryptowat.ch/poloniex/dashbtc/1w

Alternatively, set this to all:

http://coincap.io/#/coin/dash

https://www.coingecko.com/en/market_cap/dash/usd/max_days

http://coinmarketcap.com/currencies/dash/#charts

One of them should certainly be sufficient.

[TanteStefana2]

Tao asks: How can you avoid a Mt. Gox situation for your Dash?

http://youtu.be/40n6joIOkVg

The future is now. Use Exmo.

I did some tracking based on your exchange address and I'm pretty sure that

* This masternode is owned by you: https://chainz.cryptoid.info/dash/address.dws?XiW49wtg2p2nbKD8KPrJdqzP2Vch5MNd74.htm
* This wallet was previously owned by you, now unused: https://chainz.cryptoid.info/dash/address.dws?Xh2F7kU7zrQqedoki7qMmY78poEsb8ELwU.htm

I didn't use any fancy scripts to get this info. Imagine chainalysis trying to map the DASH blockchain. They would be able to extract much more info.

DASH, not that anonymous after all...

Wow... That's incredible!   How about you try doing the same on some funds that have been mixed first by darksend...?

- I've just signed up to exmo and my wallet address is Xv5mBxsjuZSb6i6o7zhBhA5jsP4D74uqF2.
- I've just deposited via instantx 30Dash that's been through 4 rounds of Darksend
- I have selected 6 masternodes from which the funds originated

That's enough information (way more than I should give you really)...

Can you tell me the address(s) - with certainty - of any of those masternodes?

Thanks  

Walter

Awesome challenge, Please Deknucker, please find the balls

[TanteStefana2]

And higher hashing power is more secure.  The higher the hash rate the harder it is for anyone to pull off a coup of the blockchain.

This is not correct. If you hand mining over from a decentralized system of tens of thousands of GPU miners to one ASIC manufacturer it does not increase the network security.

For this reason we need to change the hashing algorithm from time-to-time, so that no ASIC can be produced (ASIC production takes a lot of time).

Honestly, it's just not worth it.  In a few months, the same amount of time that it would take to find a new algorithm, if not longer, and implement it, Dash will be on Evolution.  With Evolution, transactions will be approved by Masternode Quorums and the hash will only be used to randomly group these Masternodes into quorums.  The miners will still include transactions into the blockchain, however, they will have no choice as to which transactions to include.  They must only include locked transactions that passed a Masternode Quorum first.  If they try to include anything else, it will be rejected by the Masternode network and the miner will lose the block.

It simply will become a new and infinitely more secure network soon enough.  So please don't fret.  Once this is in place, it won't matter if we only have one single miner.

[spatula]

I just got an interesting notification from my VPS provider. They said that my one of my masternodes was being DDOSed for the last 30 minutes or so. They also claim their anti-ddos system mitigated the attack. The masternode never went offline during this time.

[Taylor05]

Tao asks: How can you avoid a Mt. Gox situation for your Dash?

http://youtu.be/40n6joIOkVg

The future is now. Use Exmo.

I did some tracking based on your exchange address and I'm pretty sure that

* This masternode is owned by you: https://chainz.cryptoid.info/dash/address.dws?XiW49wtg2p2nbKD8KPrJdqzP2Vch5MNd74.htm
* This wallet was previously owned by you, now unused: https://chainz.cryptoid.info/dash/address.dws?Xh2F7kU7zrQqedoki7qMmY78poEsb8ELwU.htm

I didn't use any fancy scripts to get this info. Imagine chainalysis trying to map the DASH blockchain. They would be able to extract much more info.

DASH, not that anonymous after all...

You're a regular Sherlock Holmes...with way too much time on his hands. And no, I didn't use Darksend, so congratulations...I guess.

This is actually one of the STRENGTHS of Dash... the ability to be private when you want to be private and the ability to be transparent when you don't care or actually desire to be (for example for political donations or for running a non-profit that needs to show their books to their members).

[TanteStefana2]

Anyone know the low and high price for 2014, 2015 and 2016?

OK, this is what I got off of coin market cap

2014  Low  Feb. 10, 2014  0.00041330 BTC   
2014  Low  Feb. 10, 2014  $0.265834
2014  High  May 19, 2014  0.01889618 BTC
2014  High  June 2, 2014  $12.22
2015  Low  December 14 2015  0.00579146 BTC
2015  Low  December 29  $1.86 
2015  High  March 23, 2015  0.01988543 BTC
2015  High  March 23, 2015  $5.03
2016  Low  January 4, 2016  0.00741509 BTC
2016  Low  January 12, 2016 $1.31
2016  High  January 18, 2016  0.01146713 BTC
2016  High  January 18, 2015  $4.52

[ddink7]

Anyone know the low and high price for 2014, 2015 and 2016?

OK, this is what I got off of coin market cap

2014  Low  Feb. 10, 2014  0.00041330 BTC   
2014  Low  Feb. 10, 2014  $0.265834
2014  High  May 19, 2014  0.01889618 BTC
2014  High  June 2, 2014  $12.22
2015  Low  December 14 2015  0.00579146 BTC
2015  Low  December 29  $1.86 
2015  High  March 23, 2015  0.01988543 BTC
2015  High  March 23, 2015  $5.03
2016  Low  January 4, 2016  0.00741509 BTC
2016  Low  January 12, 2016 $1.31
2016  High  January 18, 2016  0.01146713 BTC
2016  High  January 18, 2015  $4.52

The actual high in 2014 was around .027 yes?

[Taylor05]

And higher hashing power is more secure.  The higher the hash rate the harder it is for anyone to pull off a coup of the blockchain.

This is not correct. If you hand mining over from a decentralized system of tens of thousands of GPU miners to one ASIC manufacturer it does not increase the network security.

For this reason we need to change the hashing algorithm from time-to-time, so that no ASIC can be produced (ASIC production takes a lot of time).

Honestly, it's just not worth it.  In a few months, the same amount of time that it would take to find a new algorithm, if not longer, and implement it, Dash will be on Evolution.  With Evolution, transactions will be approved by Masternode Quorums and the hash will only be used to randomly group these Masternodes into quorums.  The miners will still include transactions into the blockchain, however, they will have no choice as to which transactions to include.  They must only include locked transactions that passed a Masternode Quorum first.  If they try to include anything else, it will be rejected by the Masternode network and the miner will lose the block.

It simply will become a new and infinitely more secure network soon enough.  So please don't fret.  Once this is in place, it won't matter if we only have one single miner.

Indeed. By then, about the worst a malicious miner attacker could do is delay a transaction by creating blocks that fail to include it. But the transaction would still "go through" on the other end as far as the recipient would be concerned because they would all be sent InstantX. They might need to wait a block or two for a block-level confirmation if the network were being attacked. So there wouldn't be much of an incentive to do that:
1) The impact on users would be minimal, since transactions would still "go through"
2) The malicious miner would only be foregoing any fees associated with the "skipped" transaction

The reason mining concentration is a big deal in Bitcoin is because of the risk of a double spend. With InstantX mitigating this risk, there isn't really even an incentive for a malicious miner anymore, thus no worries about mining concentration.

As long as SOME of the mining power is running as planned, any impact of an attack would be minimal. At worst, you'd have some delays of a few blocks before people could turn around and spend their outputs. Why would anyone spend millions on mining equipment to do that?

I think people are losing sight of the fact that X11 was only meant to be ASIC resistant for a year or two to help with initial distribution... following a similar path as Bitcoin. I don't think anyone mines Bitcoin at home on their CPUs or GPUs anymore... that doesn't seem to be holding Bitcoin back. I think we got about all we expected out of X11 in terms of getting Dash into the hands of anyone in the mining community that would want to get their hands on some Dash without paying for it. So we got the distribution benefits.

As far as the arguments that ASICs hurt Litecoin... Litecoin's lack of development hurt Litecoin. One data point doesn't make the case that ASICs are bad for price. Bitcoin has ASICs and it seems fine. So I think we have exactly two data points to work with and one goes against the hypothesis that ASICs are bad for price. Pretty weak argument if you ask me.