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

[MasterMined710]

I feel arielbit is trying to communicate with me. Like the monster in stranger things i know he is there in the upside down world but i just can't see him.

I'll take you off ignore soon buddy, i swear 

If you are looking for Dash info just scroll up

[HR]

"Note that you don’t need to be the owner of a masternode to see these logs. Most of the masternodes are hosted on cloudhosting services. If a government demands access to these logs, they will probably get it. It’s entirely possible that right now the NSA is spying on the majority of masternodes without the owners even knowing their masternodes are being spied upon."

Just one of many grave examples that eliminate from the competition. Good reading (and viewing).

Thanks for everything you guys have shared.


When it sounds too good to be true . . . when it's touted as everyone's nirvana . . .

. . . it's probably pie in the sky.

 


(Wonder if this quote and opinion/conclusion will get me put on the almighty ignore list. Hey guys, chill a bit. It's only one person's analysis. If your product really is what you say it is, you should welcome comments like this since they give you an opportunity to shine by showing how wrong the analysis is - hopefully with reasonably intelligent arguments as I'd be the first to happily admit I'm wrong if you can objectively refute the scam accusations made against you.)

Sure to get me ignored.  

Warning: DASH privacy is worse than Bitcoin
http://weuse.cash/2016/10/26/warning-dash-privacy-is-worse-than-bitcoin/
This article analyses how DarkSend works and will explain why there’s absolutely no good  reason to use DASH for private transactions.

    
Why the darkcoin/dash/dashpay instamine matters
https://bitcointalk.org/index.php?topic=999886.0
March 22, 2015
smooth explains reasons Dash hasn't gone legitimate yet -- and it may not be the reasons you've been told elsewhere.


CryptoScam #4 - Dash (w/ "Really Cool Guy" Tone Vays) : https://www.youtube.com/watch?v=VrKU0Ymta-U
Published on Feb 3, 2017

In this 4th Episode of CryptoScam we explore XCoin --- Darkcoin --- Dashpay. We spend a lot of time on the early days and the events surrounding the insta-mine. We then discuss the concepts of Master Nodes (which is a defacto PoS), DarkSend & InstantX, all of which are extraordinary claims to be useful. We then go into detail on the current promotional efforts by Dash to get adoptions and conclude with what future potential Dash has.

Thank you for posting those crucial links again.  That is all MUST READ INFO for noobs as well as existing Dash bagholders.

Here are some more important Dash Facts.

1.    Darkcoin had a problematic launch: 2 million Darkcoin were mined in the first day (incidentally, there are around 2 800 Darkcoin emitted daily right now, so that should give some level of contrast). This may not seem to relate to your question, but it is important to establish the legitimacy and technical competency of the developer. The fact that the block reward does not match either of the three block reward formulae published by the developer is worrying. This points to an outright scam at worst, pure incompetence at best.

2.    When dealing with a cryptocurrency you need to be able to cryptographically and mathematically prove a particular claim. So in the original Bitcoin whitepaper Satoshi was able to mathematically prove the validity of the longest chain rule. The rest of his cryptographic claims were backed by the papers he quotes (Adam Back's Hashcash paper in particular). Darkcoin has no cryptographic proofs of their claims. This is important, because a cryptocurrency is a manifestation of cryptographic theory, not the other way around. If you try and shoe-horn it the other way around you'll likely find your model unsafe under the most basic of assumptions.

3.    The developer seems to eschew well-defined, anti-fragile, and proven Bitcoin concepts (eg. building a model based on paying for services via micropayment channels) for bizarre models that are poorly implemented and fragile (eg. payments based on uptime make a MasterNode a ripe target for DDoS attacks null-routing that IP).

4.    I have seen no evidence that InstantX transactions are not susceptible to malleability. This means that it is trivially easy to disrupt every InstantX transaction, and the network will fall back to processing them as "normal" transactions.

5.    This malleability approach also allows for easy forking of the network if you own a subset of MasterNodes, whereby your malicious MasterNodes vote for both of your transactions and feed those votes to two groups of miners. The claim made in the InstantX "whitepaper" is that the conflicting messages will "cancel each other out", but once the network is forked that isn't the case, as half the conflicting messages won't even be received by the one part of the forked network. By continuing to run this group of malicious nodes, feeding sets of InstantX transactions that appear to be voted in as valid, you can keep the network split indefinitely.

6.    The entire basis for "anonymising" transactions is based on clients being online at a given point in time, which means that those clients are also open to leaking information via temporal association.

7.    The developer seems to have a grave lack of understanding when it comes to the danger of incentives. The clearest example of this is this table of MasterNode ROI. As you can clearly see, a MasterNode's ROI is substantially higher when there are fewer MasterNodes. Thus there is clear incentive for a MasterNode operator to systematically attack and destroy other MasterNodes, but not so much that the network ceases to exist. Just enough to double or triple his ROI. Incidentally, this is a self-fulfilling prophecy, as in a hypothetical future where Darkcoin is processing thousands of transactions an hour it will require quite a hefty server to act as a MasterNode. The fewer MasterNodes there are, the more work individual MasterNodes will have to do, which means that those run by non-technical people or on cheap VPS's will be the first to go, eventually leaving a group of big boys with big guns operating the remaining MasterNodes.

8.    We've already seen ample evidence of law enforcement turning seemingly anonymous people into informants (eg. Sabu), hacking servers, and infiltrating systems in other ways. It is safe to say that LEA could also outrightly purchase large portions of the MasterNode network. It is impossible to tell which MasterNodes are real and which are owned by LEA (in perpetuity). Unfortunately it appears that the developer's line of reasoning, with respects to "how much" privacy Darkcoin gives you, started with the assumption that a supermajority of the MasterNodes are honest / not being watched / not infiltrated by LEA. This leaves open a huge, gaping hole whereby all of the "mixing" MasterNodes are involved in can be revealed by an owned / compromised majority. I can guarantee that the bulk of all MasterNode operators do not know even the first piece of opsec required to keep from your tin from being tampered with.

9.    MasterNodes can be tricked into believing they can no longer accept new connections, simply by filling up all their file descriptors. It is somewhat trivial to force new connections to a group of MasterNodes under your control.

10.    The developer has no clue how dangerous and stupid it is to chain hashing algorithms, as you open them up to pre-image attacks among other things. As a security researcher who discovered a flaw in chained hashing algorithms in PHP concluded: "The underlying problem is that combining cryptographic operators that weren't designed to be combined can be disastrous. Is it possible to do so safely? Yes. Is it a good idea to do it? No. This particular case is just one example where combining operations can be exceedingly dangerous. But the bottom line: never roll your own crypto. It can have fatal consequences."

What logs? debug log?  There are no logs, except the debug log.  What do you hope to find in the log?

Recycled FUD..
Either that or he's too stupid to look into things carefully

I would go with the too stupid option.  Ignorant as all f&^k

And despite all these years of trolling and FUD'ing dash, not one of them has been able to break a mixed transaction; not one of them has been able to de-anonymise a transaction, ever.

That's proof of their lies and deceitful fear mongering right there, their fraudulent claims

Monero crew (including fluffy/smooth/risto) all have claimed that it is trivial to break DASH. When asked for proof they merely claim that it is so trivial there is no point and they have other things to do.

I think they probably have pokemon to play or nitendo after school.

Monero  

5 belligerent, disrespectful replies, all demonstrating complete ignorance and/or desire to evade the subject, and none of which makes any effort at all to intelligently address the issue(s).

Now we know how this thread grew to be more than 6 thousand posts!  

As is almost always the case, those who spend all day spewing out the "troll" word really need to look in the mirror. It's called psychological projection.

But not all is lost. You and Ethereum are building great case studies that will be taught in universities someday and that honest altcoins will be able to use to show people exactly what they're not.

Cheers

P.S. It's not exactly best practice to edit out critical information, links, etc., from a post you are critical with. You once again show that you have no answer and cut off your nose to spite your face. Okay then, best of luck to you.

[kointrend]

Moms are always good to take care of our hurt sensibility. 

[kointrend]

Got my first mn payment at this "levels": 1.94121 = 94$ ...nice.

[qwizzie]

Got my first mn payment at this "levels": 1.94121 = 94$ ...nice.

Just remember that will be -7% soon...

[kointrend]

Got my first mn payment at this "levels": 1.94121 = 94$ ...nice.

Just remember that will be -7% soon...

Sure!
I can stand that, an "halving"  would have been worse. 

[AzzAz]

Looks like we are going for 0.04 to me, but if 0.035 is challenged there might be an even lower correction, what do you think ?
My bet is sell 0.035, buy 0.03 if this happens, but if 0.04 holds then anything might happen.




Whats more demand still overgrows a supply so there is potential, that is not artificial like in case of monero.

Problem with DASH is that "even lower correction" never comes, maybe does with such low volume

[Rakete4]

Yeah! In these days, Dash is setting a NEW WORLD RECORD in the creation of future bagholders.

[kointrend]

Yeah! In these days, Dash is setting a NEW WORLD RECORD in the creation of future bagholders.

Yep! And they will be happy as the past ones!

[qwizzie]

Yeah! In these days, Dash is setting a NEW WORLD RECORD in the creation of future bagholders.

Yep! And they will be happy as the past ones!

Yep, only with Dash are bagholders getting rewarded for holding their bags.
I have been a bagholder for 2.5 years now and proud of it.

This is what a masternode owner can earn right now : https://dash-news.de/dashtv/#curr=USD&value=1000


Now imagine what this may look like in 5 years..

[Pang.]

188622 wallets with coins!

step by step to 200K

Good luck.

[UdjinM6]

Got my first mn payment at this "levels": 1.94121 = 94$ ...nice.

Just remember that will be -7% soon...

https://explorer.dash.org/block/00000000000076a60ee50a3a5f7061ef8b0cc92e1d10bd9c358a980bc29caeec   

[kointrend]

Got my first mn payment at this "levels": 1.94121 = 94$ ...nice.

Just remember that will be -7% soon...

https://explorer.dash.org/block/00000000000076a60ee50a3a5f7061ef8b0cc92e1d10bd9c358a980bc29caeec  

So, it's from now.

[qwizzie]

Got my first mn payment at this "levels": 1.94121 = 94$ ...nice.

Just remember that will be -7% soon...

https://explorer.dash.org/block/00000000000076a60ee50a3a5f7061ef8b0cc92e1d10bd9c358a980bc29caeec   

okay, thats a bit sooner then i thought 

[110110101]

Yes, payments are now 1.8 Dash as the blockrewards to the masternodes.
Though that is roughly $83 at current exchange value.

[Jumanji7]

Dashers I wonder:

1) how long it takes to make a private/mixed transaction

2) what are the fees of a private transaction

3) if instantsend works with private transactions.

[MasterMined710]

The one year Dash De-anonymization Contest anniversary has come and gone!
The trolls have failed miserably but are still in the Dash ANN thread spreading FUD all day everyday. They are a stain on the whole crypto community ecosystem and should be shunned along with the coins they get paid to troll for.

Dash De-anonymization Contest

Icebreaker and other trolleros: I have donated $1 to Monero's development team. I sent 0.25 Dash (TX ID: 59d51690d4b56ddbf1e393fa8d3a49bcfc3247f270f36be3b6ee411802666cba-000) to shapeshift.io, which converted it to Bitcoin and sent it to the official Monero donation address listed at https://getmonero.org/getting-started/donate/.

I challenge you to de-anonymize this transaction. To make it just a little easier, I only used four rounds of Darksend, so it's exponentially less private than it would be with the maximum eight rounds.

Please tell me what address this transaction originated from.

Cheers!

[Jumanji7]

Dashers I wonder:

1) how long it takes to make a private/mixed transaction

2) what are the fees of a private transaction

3) if instantsend works with private transactions.

No ideas?

[HR]

The one year Dash De-anonymization Contest anniversary has come and gone!
The trolls have failed miserably but are still in the Dash ANN thread spreading FUD all day everyday. They are a stain on the whole crypto community ecosystem and should be shunned along with the coins they get paid to troll for.

What's a stain and what should be shunned are the scam coins.

The so-called trolls are simply asking you to debunk their accusations that you are a scam coin and you're not able to do that.

That should be enough for most people to make a good decision.

Sorry to be so hard on you, but sometimes the truth is absolutely necessary . . . and the truth hurts.

Don't bother to flame me. I won't be wasting any more of my time here. I've said all there is to say.

[Macrochip]

3+ years and our failing, butthurt, furious detractors are still unable to provide a single victim of their "scam" narrative

I should update the picture below because Dash already is the most valuable altcoin PERIOD. Pumped up, artificially scarce and irrelevant shitcoins obviously excluded.

And another week over with DASH still having the

• strongest
• largest
• fastest growing
• fastest syncing
• fastest transacting

non-Bitcoin full-node network and among all privacy-centric cryptocurrencies still being the one with the

• highest single token value
• highest permanently held market capitalization
• highest retail adoption
• largest amount of technological & economical innovations
• quickest & most reliable development

with zero noteworthy competition in sight.

Dr. Dash-hattan concludes:
FeelsGoodMan.jpg