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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9429653 times)
TaoOfSaatoshi
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September 15, 2014, 08:50:43 PM
 #59321

Well, the best news to hit the crypto scene in ages, and it seems the bears are already back in control. .007 down to .0065 this afternoon.

Pumps don't last as long as they used to.

It's all good though, when instant anonymous transactions go live there's only one direction for this vehicle!

Tao

When you mix cash with digital payments, you get DASH!
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stonehedge
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September 15, 2014, 08:53:56 PM
 #59322

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.


To be fair, he didn't say that they were instant, just that for a small purchase it didn't matter because merchants could afford not to wait for confirmations due to the low risk of somebody trying a double spend attack on small amounts.

He is right that for most of the small things it doesn't make sense to wait, but it is undeniable that having instant transactions is way better than not having them! At this moment people don't do double spend attacks to avoid paying for coffee, but if somehow it became easier to do them (maybe a new wallet designed for that? I'm no expert, just a quick thought, the ease of attacking could come from many places) then it would break many things apart.

You're right.  My mistake.  Half an hour on one of these BTC transactions and I'm still waiting for 1 confirmation though!

I've made quite a few DRK payments today and have noticed that 6 confirmations seems to be happening a bit quicker than it recently used to.  I wonder if more people have wallets open now days?

I can't wait to see Evan's white-paper. 
naxin
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September 15, 2014, 08:58:50 PM
 #59323

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.


To be fair, he didn't say that they were instant, just that for a small purchase it didn't matter because merchants could afford not to wait for confirmations due to the low risk of somebody trying a double spend attack on small amounts.

He is right that for most of the small things it doesn't make sense to wait, but it is undeniable that having instant transactions is way better than not having them! At this moment people don't do double spend attacks to avoid paying for coffee, but if somehow it became easier to do them (maybe a new wallet designed for that? I'm no expert, just a quick thought, the ease of attacking could come from many places) then it would break many things apart.
I've made quite a few DRK payments today and have noticed that 6 confirmations seems to be happening a bit quicker than it recently used to.  I wonder if more people have wallets open now days?

That won't confirmation time at all - it's built into the protocol, 1 block every 1.5 minutes on average.

The variance is so large in block times that any difference you perceive is just the variance.
vertoe
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September 15, 2014, 09:00:17 PM
 #59324

I can hear the rumble of trolls approaching.

Doesn't matter, georgem prooved it's working, I've seen the pics:
fernando
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September 15, 2014, 09:08:30 PM
 #59325

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.


To be fair, he didn't say that they were instant, just that for a small purchase it didn't matter because merchants could afford not to wait for confirmations due to the low risk of somebody trying a double spend attack on small amounts.

He is right that for most of the small things it doesn't make sense to wait, but it is undeniable that having instant transactions is way better than not having them! At this moment people don't do double spend attacks to avoid paying for coffee, but if somehow it became easier to do them (maybe a new wallet designed for that? I'm no expert, just a quick thought, the ease of attacking could come from many places) then it would break many things apart.
I've made quite a few DRK payments today and have noticed that 6 confirmations seems to be happening a bit quicker than it recently used to.  I wonder if more people have wallets open now days?

That won't confirmation time at all - it's built into the protocol, 1 block every 1.5 minutes on average.

The variance is so large in block times that any difference you perceive is just the variance.

2.5 min Wink
naxin
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September 15, 2014, 09:13:36 PM
 #59326

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.


To be fair, he didn't say that they were instant, just that for a small purchase it didn't matter because merchants could afford not to wait for confirmations due to the low risk of somebody trying a double spend attack on small amounts.

He is right that for most of the small things it doesn't make sense to wait, but it is undeniable that having instant transactions is way better than not having them! At this moment people don't do double spend attacks to avoid paying for coffee, but if somehow it became easier to do them (maybe a new wallet designed for that? I'm no expert, just a quick thought, the ease of attacking could come from many places) then it would break many things apart.
I've made quite a few DRK payments today and have noticed that 6 confirmations seems to be happening a bit quicker than it recently used to.  I wonder if more people have wallets open now days?

That won't confirmation time at all - it's built into the protocol, 1 block every 1.5 minutes on average.

The variance is so large in block times that any difference you perceive is just the variance.

2.5 min Wink
Well fuck me. I have no idea why I thought it was 1.5 but that explains so much... Using 40 blocks per hour as opposed to 24 is going to have substantially different results in terms of profitability.... Glad I made that post, wish I had done so sooner.
janos666
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September 15, 2014, 10:10:55 PM
 #59327

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.

I believe Evan found a way to speed up the confirmations. That would make sense. He can use the masternode network after all
with all those servers online. We'll just have to wait and see.
Well the time for confirmations changes from time to time, it just depends on luck.
There were times when 1 took 40minutes and plus.
Hopefully Evan shares his ideas soon with us, I'm curious to see what he plans on doing to speed it all up.

I wonder if it (really, not just artificially/virtually) involves the masternodes (which are - at least for now - practically unique for DRK) or easy to copy by any random BTC-like coin (without copying the whole masternode system).
camosoul
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September 15, 2014, 10:13:44 PM
 #59328

In b4 our competitors announce even faster instant transactions due to trustless hyper-teleport nano technology
Lulz... Shitcoins....

Tao
We're one shitcoin away from PenisEnlargementCoin...

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coinzcoinzcoinz
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September 15, 2014, 10:14:42 PM
 #59329

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.

I believe Evan found a way to speed up the confirmations. That would make sense. He can use the masternode network after all
with all those servers online. We'll just have to wait and see.
Well the time for confirmations changes from time to time, it just depends on luck.
There were times when 1 took 40minutes and plus.
Hopefully Evan shares his ideas soon with us, I'm curious to see what he plans on doing to speed it all up.

I wonder if it (really, not just artificially/virtually) involves the masternodes (which are - at least for now - practically unique for DRK) or easy to copy by any random BTC-like coin (without copying the whole masternode system).
Probably involves masternodes, otherwise he would not write a white paper and share it with the world before implementing.
camosoul
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September 15, 2014, 10:18:07 PM
 #59330

The latest shift for the Darkcoin multipool paid out over 89 DRK.
Even though my percentage of participation is going down, my payouts are going up. The extra hashes that are showing up are increasing block finds. I made almost 50% more in this shift than I did on the same shift last week, and I am running the same 3.3TH/s I have been from the beginning.

Tell me any other way you can mine and make MORE down the road than you did in the past? And, it's paid 100% in DRK! Is there any such thing as a better mining pool? I don't think so...

Oh; titcoin? Really? Whatever, as long as it gets me paid moar DRKs...

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naxin
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September 15, 2014, 10:20:33 PM
 #59331

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.

I believe Evan found a way to speed up the confirmations. That would make sense. He can use the masternode network after all
with all those servers online. We'll just have to wait and see.
Well the time for confirmations changes from time to time, it just depends on luck.
There were times when 1 took 40minutes and plus.
Hopefully Evan shares his ideas soon with us, I'm curious to see what he plans on doing to speed it all up.

I wonder if it (really, not just artificially/virtually) involves the masternodes (which are - at least for now - practically unique for DRK) or easy to copy by any random BTC-like coin (without copying the whole masternode system).
There is no way - in my mind - it doesn't involve them.

Evan may be smart, very smart - but there are a lot of people nearly as smart or maybe even smarter than him that have spent a lot of time trying to solve this problem with bitcoin. Now I'm not saying that if there was a solution they surely would have found it - but it seems hard for me to believe that it wouldn't have been solved before today if a "universal" solution existed. And this then points to masternodes.

That being said evan has been willing to think further outside the box than many other people in the cryptocurrency world, so who knows.

But I am dieing to see his implementation.
camosoul
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September 15, 2014, 10:25:27 PM
 #59332

Evan is William Wallace of Cryptocurrency world.
Lets hope things work out better for Evan than for Wallace eh?

Quote
Following the trial, on 23 August 1305, Wallace was taken from the hall to the Tower of London, then stripped naked and dragged through the city at the heels of a horse to the Elms at Smithfield.[26] He was hanged, drawn and quartered — strangled by hanging, but released while he was still alive, emasculated, eviscerated and his bowels burnt before him, beheaded, then cut into four parts. His preserved head (dipped in tar) was placed on a pike atop London Bridge. It was later joined by the heads of the brothers, John and Simon Fraser. His limbs were displayed, separately, in Newcastle upon Tyne, Berwick-upon-Tweed, Stirling, and Perth.
Gotta get through me first. Not impossible, but certainly not worth the price...

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.OROCOIN.
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camosoul
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September 15, 2014, 10:29:21 PM
 #59333

there are a lot of people nearly as smart or maybe even smarter than him that have spent a lot of time trying to solve this problem with bitcoin.
Even with 10 perfect solutions in hand, BTC won't implement.

It's not that they can't do it.

It's that they refuse.

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ProGamer
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September 15, 2014, 10:30:57 PM
 #59334

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.



That's because Bitcoin doesn't have side chains yet. When it does, you can have super fast transactions.
drkwarrior
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September 15, 2014, 10:35:14 PM
 #59335

For fcks sake.  Whoever it was up thread who said that bitcoin payments were instant anyway was so full of shit.

I've been waiting 20 minutes for 1 confirmation of a BTC transaction.  Its like watching paint dry.



That's because Bitcoin doesn't have side chains yet. When it does, you can have super fast transactions.

just curious..how long will it be before side chains(bug free) are available.
Kai Proctor
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September 15, 2014, 11:05:12 PM
 #59336



What's your strategy here ? Your coin (Cloak) is going down and you want to bring DRK down with you ? That's sad but go troll somewhere else.
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September 15, 2014, 11:09:28 PM
 #59337


AlexGR
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September 15, 2014, 11:10:17 PM
 #59338

I speculate it will be an evolution of the pre-mixed coins... kind-of "pre-spent" coins that one simply takes ownership of in some way. Whether it is, or it's not, there'll probably be some catch associated, otherwise there would be the "it would take a lot of money to attack it"... so it must be vulnerable but if the attacker has more to lose by attacking it, then it shouldn't matter.

Again pure speculation as the info is scarce, so let's wait and see Grin
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September 15, 2014, 11:11:24 PM
 #59339

I speculate it will be an evolution of the pre-mixed coins... kind-of "pre-spent" coins that one simply takes ownership of in some way. Whether it is, or it's not, there'll probably be some catch associated, otherwise there would be the "it would take a lot of money to attack it"... so it must be vulnerable but if the attacker has more to lose by attacking it, then it shouldn't matter.

Again pure speculation as the info is scarce, so let's wait and see Grin
Makes sense... denomed coins are already signed, a lot... Essentially denom makes them pre-vetted to the network, so...

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coins101
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September 15, 2014, 11:40:50 PM
 #59340



Thinking Bansky might be a good person to contact to do some wall art

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