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

[MasterMined710]

BItcoin ABC Lead Dev: 2017 Is the First Year with Negative Bitcoin Merchant Adoption


Bitcoin’s merchant adoption has actually gone down this year, according to the Bitcoin ABC lead developer.

In an episode of BitTopia, Amaury Séchet mentioned Bitcoin merchant adoption and its present status. He sees a decline in adoption in 2017, with more and more merchants formerly comfortable with supporting Bitcoin now choosing to no longer do so. The connection between this trend and ongoing high fees is fairly clear as merchants no longer find it viable to accept Bitcoin transactions for smaller payments, and consumers no longer finds the novelty of the transaction to be worth the fees.


https://www.dashforcenews.com/bitcoin-abc-lead-dev-2017-is-the-first-year-with-negative-bitcoin-merchant-adoption/

[profitgenerator212]

Dash and Monero have similar marketcaps right now.

I have heard that Monero has better anonymity than Dash with it's masternode setup.

What reasons do you guys suggest to use Dash instead of Monero, from a general user's point of view.

Why is Dash better than Monero if it is at all?

[MasterMined710]

Dash and Monero have similar marketcaps right now.

I have heard that Monero has better anonymity than Dash with it's masternode setup.

What reasons do you guys suggest to use Dash instead of Monero, from a general user's point of view.

Why is Dash better than Monero if it is at all?

Both have advantages and disadvantages. Dash can scale to mass adoption levels fully decentralized at the protocol level and monero/zcash/btc can't.
Privacy only coins have their uses though, like having value as a Darknet currency, offshore type investment or money laundering on the fly. There is money to be made there but they can never scale to Digital Cash status like Dash, that is where the real money will be.

Dash's anon has also never been broken like other coins and its off-chain mixing is future proofed from Quantum computing which will eventually deanonymize the past of on-chain anon coins like monero etc.




Dash to unleash elite cybersecurity unit to ‘hack’ its blockchain
https://www.cryptoninjas.net/2017/08/03/dash-unleash-elite-cybersecurity-unit-hack-blockchain/amp/



Kristov Atlas Security review
https://www.dash.org/forum/threads/reply-to-kristovs-paper.2325/

=============================

Monero has had a few issues with their privacy tech in the past but claim it is all fixed now. If you are real paranoid the best thing to do would be to use Dash, monero and zcash (on-chain/off-chain) all together, I prefer monero over zcash because of the trusted setup issues. I would hold in Dash at the end though. For me, all I use is Dash for privacy.


Monero Transactions History Can Be Revealed and Exposed: Research
https://cointelegraph.com/news/monero-transactions-history-can-be-revealed-and-exposed-research



Dash's privacy feature has never been broken - Turns out Monero's privacy feature has never really worked to begin with
https://www.reddit.com/r/dashpay/comments/65fz68/dashs_privacy_feature_has_never_been_broken_turns/


Warning: Every CryptoNote/Monero transaction in history will be retroactively exposed
https://steemit.com/cryptonote/@macrochip/warning-every-cryptonote-monero-transaction-in-history-will-be-retroactively-exposed


A well-respected cryptographer earlier this year released a tool called http://www.monerolink.com, where you can link all transactions from 2014-2016 with 100% (due to blockchain timing analysis apparently), and all transactions from 2016-2017 are linkable with a probabilistic distribution dependent on mixin size. So they have a table on the site, 1 mixin transactions are linkable 86% of the time, 10+ mixin transactions are linkable 22% of the time. Monero has fixed this bug since January of this year, but if you used monero on a DNM between 2014-Jan 2017, BEWARE!


Trolls incoming in 3 2 1.....

[profitgenerator212]

Dash and Monero have similar marketcaps right now.

I have heard that Monero has better anonymity than Dash with it's masternode setup.

What reasons do you guys suggest to use Dash instead of Monero, from a general user's point of view.

Why is Dash better than Monero if it is at all?

Both have advantages and disadvantages. Dash can scale to mass adoption levels fully decentralized at the protocol level and monero/zcash/btc can't.
Privacy only coins have their uses though, like having value as a Darknet currency, offshore type investment or money laundering on the fly. There is money to be made there but they can never scale to Digital Cash status like Dash, that is where the real money will be.

Dash's anon has also never been broken like other coins and its off-chain mixing is future proofed from Quantum computing which will eventually deanonymize the past of on-chain anon coins like monero etc.

......

Trolls incoming in 3 2 1.....

Hey I'm not a criminal, I don't do dark market crap, I am just purely interested in this from either a general user's point of view but also from an investor's point of view because I do hold some Monero and I might buy some more Dash soon.

So you and that article are claiming that Monero is not quantum resistant, which is nothing new, most coins arent.

One point I always find is that the Dash mixing system relies on trusted masternodes to mix, so basically if the nodes are surveillance nodes, then the whole Dash privacy fall appart as well doesn't it?

So it's not just that Monero's privacy scheme is not flawless but actually Dash's privacy is worse.


Now ignoring privacy I do see more value in Dash since it's a DAPP kind of currency with a very active community and it has more appeal than any other blockchain, perhaps 3rd in popularity after ETH.

So I'm not saying Dash doesn't have value, but on the privacy front it's not that good. In other aspects it can be quite good, like the scaling of it I heard is much smoother and better than BTC.

[NibiruHybrid]

ICO Debacle Demonstrates Dash’s Dependable Design

Since their inception, all cryptocurrencies have faced two particular challenges above all others. The first is primarily a technical issue while the other is economic. These issues are scalability and funding. Scalability, of course, has been at the center of the acrimonious debate within the Bitcoin community in recent years. Various technical solutions have been recommended, none of them a “silver bullet” to solve the blockchain’s inherent scaling issues. But the other major challenge—funding—has received less attention, though it is perhaps a greater problem. For a cryptocurrency project to be successful, it must fund the developers and maintainers of the project, but how?

Read more: https://www.dashforcenews.com/ico-debacle-demonstrates-dashs-dependable-design/

[kointrend]

Is dash still a thing?

At least two, digital and cash. 

[cAPSLOCK]

What happened to instantsend?

[sidhujag]

What happens if you own majority of MNs in a quorum.. what are the sorts of things you could do that shouldnt be allowed? In other words what specific attacks are the majority quorums stopping?

[ArticMine]

What happened to instantsend?

It was disabled due to a vulnerability using SPORK pending the release of 12.2.

Here are some relevant threads.
https://www.dash.org/forum/threads/temporary-disabling-of-instandsend-due-to-potential-quorum-exploit-method.16492/
https://www.reddit.com/r/dashpay/comments/6x00rl/temporary_disabling_of_instandsend_due_to/
https://www.reddit.com/r/pivx/comments/6x2854/dash_suspends_instantsend_due_to_potential_for_an/

[Macrochip]

So you and that article are claiming that Monero is not quantum resistant, which is nothing new, most coins arent.

Another one completely missing the core point of the article.

Here, just for you, one more time, maybe you'll understand it:

But wait: Aren't all cryptocurrencies done for with the advent of Quantum Computing?

Hardly. Bitcoin and similar cryptocurrencies can safely transition to Quantum resistant encryption without compromising the security of their blockchain because it was transparent from the get go. CryptoNote/Monero however obfuscates its entire blockchain with QC-vulnerable encryption. Anyone with a copy of any CryptoNote blockchain (obviously this is the very nature of a distributed ledger) will be able to retroactively expose every transaction ever done with it. This cannot be mitigated after the fact because it's impossible to prevent someone from retaining an "unpatched" copy of the chain.

One point I always find is that the Dash mixing system relies on trusted masternodes to mix, so basically if the nodes are surveillance nodes, then the whole Dash privacy fall appart as well doesn't it?

If you have to "trust" Masternodes in Dash (you don't) then by the same flawed logic you have to "trust" full nodes in Bitcoin. Well do you? You should, I mean, aren't you afraid they might just drop your transaction from the mempool? Oops...

And no: Nothing "falls apart" with "surveillance nodes", because you can't possibly amass enough to have any effect on PrivateSend. Read and weep or if you're too lazy, here's a picture with some numbers for you. No one in Dash owns 1000 Masternodes, but even if such an entity existed their chances of tracing a single PrivateSend mixed at 4 rounds is a measly 0.3%. Not even going to mention the chances at 8 rounds. Or the fact that you'd hurt the massive value of your own wealth in Dash by attacking the network you've got that insane amount of skin in (over 330M USD at current prices).

Let's also not forget that PrivateSend is going to be completely restructured in Evolution and no longer rely on Masternodes anyway, but hey, why should I burst your bubble of Monero's "superiority" so soon?

So it's not just that Monero's privacy scheme is not flawless but actually Dash's privacy is worse.

Monero's privacy was provably broken. Dash's privacy was provably not broken. Whose privacy is worse?

So I'm not saying Dash doesn't have value, but on the privacy front it's not that good.

It's unbroken, so by only possible conclusion it's better than Monero's.

Hey asshole

Please tell us who you wanna "fuck up" at the Dash conferences again. I wanna watch you try and fully enjoy the ensuing hilarity. Please don't act surprised when you hear cuffs clicking at the end of the day.

Oh and next time think twice before announcing murder publicly on the internet. You arrogant Manuro-tards think you're so above it all. Just ask your friend Latapie on how reality has a way of catching up on you.

[Retired]

At Kraken the price is now ฿0.07355. Do you consider possible for Dash to reach last month's price anywhere in the near future?

https://dwq4do82y8xi7.cloudfront.net/widgetembed/?symbol=KRAKEN%3ADASHXBT&interval=D&symboledit=1&toolbarbg=f1f3f6&hideideas=1&studies=&theme=White&style=1&timezone=exchange

[Red_Sanford]

Dash and Monero have similar marketcaps right now.

I have heard that Monero has better anonymity than Dash with it's masternode setup.

What reasons do you guys suggest to use Dash instead of Monero, from a general user's point of view.

Why is Dash better than Monero if it is at all?

Monero has great anonymity but has some serious scaling issues. You can see the results of that and the large transaction costs just from the increased interest it received last week. It will work good as an anonymous store of value but won't make it as an everyday used of transferring value

[MasterMined710]

Why and How to Buy Dash Peer-to-Peer


A high percentage of Dash trading volume flows through large centralized exchanges, which are the primary method consumers use to buy and sell. However, other services exist that allow this to transpire in a much more decentralized fashion. Here is why, and how, you should be buying and selling your Dash peer-to-peer.


https://www.dashforcenews.com/buy-dash-peer-peer/

[Retired]

Isn't it more expensive than buying directly on exchanges?

[qwizzie]

At Kraken the price is now ฿0.07355. Do you consider possible for Dash to reach last month's price anywhere in the near future?

https://dwq4do82y8xi7.cloudfront.net/widgetembed/?symbol=KRAKEN%3ADASHXBT&interval=D&symboledit=1&toolbarbg=f1f3f6&hideideas=1&studies=&theme=White&style=1&timezone=exchange

I fully exspect Dash to continue its current longterm uptrend :

Bithumb


Poloniex


First the 487000 (Bithumb) / 0.09491 (Poloniex) price will be broken and then Dash will break through the 0.1 price range. Question is not if Dash can do this .. question is when Dash will do this.
I have a feeling it will be sooner then most exspect.

[profitgenerator212]

Ok so we are talking about the privacy aspect of Dash let's not confuse things here.

So you and that article are claiming that Monero is not quantum resistant, which is nothing new, most coins arent.

Another one completely missing the core point of the article.

Here, just for you, one more time, maybe you'll understand it:

But wait: Aren't all cryptocurrencies done for with the advent of Quantum Computing?

Hardly. Bitcoin and similar cryptocurrencies can safely transition to Quantum resistant encryption without compromising the security of their blockchain because it was transparent from the get go. CryptoNote/Monero however obfuscates its entire blockchain with QC-vulnerable encryption. Anyone with a copy of any CryptoNote blockchain (obviously this is the very nature of a distributed ledger) will be able to retroactively expose every transaction ever done with it. This cannot be mitigated after the fact because it's impossible to prevent someone from retaining an "unpatched" copy of the chain.

That is not the main issue that I have been pointing out.

Besides the probability of breaking cryptonote is very slim even with QC, I have researched this. So these claims are not entirely true.

If you have to "trust" Masternodes in Dash (you don't) then by the same flawed logic you have to "trust" full nodes in Bitcoin. Well do you? You should, I mean, aren't you afraid they might just drop your transaction from the mempool? Oops...

No it's not the same thing. Bitcoin doesn't sell itself as a privacy oriented cryptocurrency, the transactions are already visible on the blockchain so in bitcoin the nodes don't matter from a privacy standpoint.

In Dash you do have to trust the masternodes. If the masternode you are routing throug the transaction is snooping, then that instance is compromized.

And no: Nothing "falls apart" with "surveillance nodes", because you can't possibly amass enough to have any effect on PrivateSend. Read and weep or if you're too lazy, here's a picture with some numbers for you. No one in Dash owns 1000 Masternodes, but even if such an entity existed their chances of tracing a single PrivateSend mixed at 4 rounds is a measly 0.3%. Not even going to mention the chances at 8 rounds. Or the fact that you'd hurt the massive value of your own wealth in Dash by attacking the network you've got that insane amount of skin in (over 330M USD at current prices).

Yes and what is the probability that all 4 nodes are snooping? Remember the masternodes cost a lot of money to setup. And there are allegations that a lot of masternodes are controlled by the dev team.

So in this perspective the privacy of Dash relies solely on a tiny centralized group of masternodes. Which is bad.

Let's also not forget that PrivateSend is going to be completely restructured in Evolution and no longer rely on Masternodes anyway, but hey, why should I burst your bubble of Monero's "superiority" so soon?

That is a step in the right direction.




I have 1 question though. Is the communication between mixing nodes encrypted well? Like with TLS or things like that? Because if it isn't, then say hello to permanent transaction records:
https://en.wikipedia.org/wiki/Utah_Data_Center

At which point, it's exactly the same problem as with Monero if the Monero blockchain is decrypted by QC.

[qwizzie]

Good luck trying to snoop in using masternodes
Good luck trying to get the dev-team consisting of individual members to use their masternodes collectively to snoop in, thereby damaging the value of the Dash they hold and getting voted out on salary as result.

[iCEBREAKER]

payment processors will be interested only in reliability, not clearing times.

What if when implementing instantX a new set of bugs or exploits is unleashed?

Is it worth it. Branching out into new territory like that puts darkcoin at risk. Why not rely on the tried and tested bitcoin transaction processing. Pros and cons...

Is it World Luddite Day or something?

Maybe you'd be more comfortable in the Litecoin thread?  

This post hasn't aged well. 

Litecoin is rolling out instant Lightning payments while Dash has broken its IPv6 support, lost mobile wallet InstantSend functionality, and as of last week was forced to disable InstantSend on the entire network due to a still-not-fixed critical exploit available to malicious Masternode operators.

Dash is clowning itself at the protocol level.  Its dev is a Luddite who lacks the time and skillz required to implement modern features like segwit, RingCT, RBF, IPv6, Lightning, MAST, Schnorr, etc.

[qwizzie]

Dash price rise must be imminent, with our beloved Icetroll posting in our ANN forum again....

 

[qwizzie]

I was wondering when Icetroll would fall back to his obsessive behavior of using long troll posts again ..  took him longer then i thought....

Welcome back Icey, all refreshed from your vacation and up for a new troll attack in here I see... Please try to keep it interesting for this ANN forum, you owe us that much