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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9324959 times)
thelonecrouton
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September 18, 2014, 03:23:32 PM
 #59821

If nothing else, instant transactions are going to make headlines.

Hopefully Visa/Mastercard will get the shits and raise a fuss about it - even more publicity. What we really need to do is piss off Apple's legal team somehow...  Grin
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HinnomTX
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September 18, 2014, 03:23:37 PM
 #59822

Looks like dumping of BTC has begun - keep your eye on DRK  Cool
Indeed, some of the respectable (top 10) alts are not responding in kind, but are still making gains in the face of BTC decline. Some money may be moving to the alts to capitalize on their leveraged effects when there's a big BTC move upward. The 9 month 'Bitcoin heartbeat' is overdue, so we could see a significant reversal at any time. The BTC volume does not look strong enough to signal a bottom, but a capitulation event is likely to develop as the price flirts with near term lows.

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
ddink7
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September 18, 2014, 03:23:57 PM
 #59823

Crouton: he says "I just solved one of the largest problems facing Bitcoin. Instant transactions." Then, next line, "It will be compatible with DarkSend too." Implies that he is thinking first-and-foremost about the fact that this will be huge for Bitcoin. Not that it matters--it'll be huge for the entire crypto community.
There is also the very likely possibility that the BTC people will just piss on it like they do everything else...

Agreed: That is a very real possibility.

Dash - Digital Cash
https://www.dash.org/
jjiimm_64
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September 18, 2014, 03:25:38 PM
 #59824

I know it's overall a good thing if instant transactions can be copy pasted by Bitcoin, but I wish it could be only for Bitcoin and Darkcoin, not all the shitcoins that can just add it.

It's a tremendous value that, if successful, Evan will create without having the whole benefits of it.

I disagree with you... 

NEVER be afraid of the competition.    remember google came after ovature, yahoo, and other searches!

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
ddink7
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September 18, 2014, 03:26:18 PM
 #59825


Quote
Following the release of Darkcoin’s source code, the development team  intends to continue innovating by adding things like IP obfuscation,  creating a light-weight Electrum wallet, and possibly most exciting of  all, integrating a soon-to-be announced idea which will result in nearly  instantaneous confirmation of transactions. Evan Duffield, lead  developer of Darkcoin, intends to release a white paper describing his  idea for instant transactions, which can be used both on Darkcoin and  even on Bitcoin itself (Evan explains that his idea is completely  compatible with Bitcoin, does not bloat the blockchain, and does not  require a hard fork to implement). If successful, such an idea could  revolutionize cryptocurrency, by shortening the delay in confirmation of  transactions from as long as an hour (with Bitcoin) to as little as twenty seconds.

Hmm, I hope what Evan meant was that instant transactions would be possible with Bitcoin... as soon as they had a Masternode network.

I can't see any way of doing it without Masternodes, especially given that Evan said in the chat log that pools/miners/block processing etc. are unaffected - what else is there but MNs that could achieve this?

edit: "will cost a ton of money to subvert" also makes me wonder how this could be achieved witout MNs, unless the changes are in the mining/pool software and Evan means something akin to a 51% attack via that.

Can't wait to read the whitepaper...



I also can't wait! I have no idea how he could achieve it, with or without MNs. My guess is that it is a true blue-sky eureka moment...

Dash - Digital Cash
https://www.dash.org/
thelonecrouton
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September 18, 2014, 03:28:25 PM
 #59826

Crouton: he says "I just solved one of the largest problems facing Bitcoin. Instant transactions." Then, next line, "It will be compatible with DarkSend too." Implies that he is thinking first-and-foremost about the fact that this will be huge for Bitcoin. Not that it matters--it'll be huge for the entire crypto community.
There is also the very likely possibility that the BTC people will just piss on it like they do everything else...

Agreed: That is a very real possibility.

Best case for Bitcoin if it turns out to be possible for them is that it gets implemented in 6-12 months. I really can't see them moving faster than that.
stonehedge
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September 18, 2014, 03:30:49 PM
 #59827

Crouton: he says "I just solved one of the largest problems facing Bitcoin. Instant transactions." Then, next line, "It will be compatible with DarkSend too." Implies that he is thinking first-and-foremost about the fact that this will be huge for Bitcoin. Not that it matters--it'll be huge for the entire crypto community.
There is also the very likely possibility that the BTC people will just piss on it like they do everything else...

Agreed: That is a very real possibility.

Best case for Bitcoin if it turns out to be possible for them is that it gets implemented in 6-12 months. I really can't see them moving faster than that.

I know how huge near instant transactions is but I'm still most excited about opensource.
rickraw
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September 18, 2014, 03:31:50 PM
 #59828

That buy wall keeps moving up to support us Smiley

DASH - Private. Instant. Digital Cash.   DASHPAY.IO
PhilipMorris
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September 18, 2014, 03:32:09 PM
 #59829

Is anyone else having problems login at Bittrex? I want to trade some DRK!  Huh
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September 18, 2014, 03:36:03 PM
 #59830

I wonder how fast Evan can get these "instant" transactions. He quotes 10-20 seconds, but hopefully there are further improvements to be made that could bring confirmation down to <5 seconds. I think 5 seconds is about the maximum acceptable time for use at physical stores.

In other news 0.0091

Beginner’s Guide to Darkcoin www.darkcoinguide.us
stonehedge
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September 18, 2014, 03:36:39 PM
 #59831

That buy wall keeps moving up to support us Smiley

Yes and its also getting nibbled!
illodin
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September 18, 2014, 03:36:48 PM
 #59832

If nothing else, instant transactions are going to make headlines.

Hopefully Visa/Mastercard will get the shits and raise a fuss about it - even more publicity. What we really need to do is piss off Apple's legal team somehow...  Grin

If we are ever going to change the name as was speculated some pages ago, it should be iCoin. They said that they had done research that they wouldn't get into trouble using the name.

Now the devs have abandoned it, and it would probably be easy to take over the brand so that the old iCoin holders would agree - maybe compensate the old coins with a few new ones (i.e. darkcoins).  Smiley

This is all that I found that's left of it:

https://www.youtube.com/watch?v=ygdXrS4XoWQ
https://www.facebook.com/geticoin
https://bitcointalk.org/index.php?topic=407866
http://web.archive.org/web/20140208041226/http://icoin.pw/
http://web.archive.org/web/20140321212332/http://geticoin.com
ddink7
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September 18, 2014, 03:40:11 PM
 #59833

If nothing else, instant transactions are going to make headlines.

Hopefully Visa/Mastercard will get the shits and raise a fuss about it - even more publicity. What we really need to do is piss off Apple's legal team somehow...  Grin

If we are ever going to change the name as was speculated some pages ago, it should be iCoin. They said that they had done research that they wouldn't get into trouble using the name.

Now the devs have abandoned it, and it would probably be easy to take over the brand so that the old iCoin holders would agree - maybe compensate the old coins with a few new ones (i.e. darkcoins).  Smiley

This is all that I found that's left of it:

https://www.youtube.com/watch?v=ygdXrS4XoWQ
https://www.facebook.com/geticoin
https://bitcointalk.org/index.php?topic=407866
http://web.archive.org/web/20140208041226/http://icoin.pw/
http://web.archive.org/web/20140321212332/http://geticoin.com

Just don't piss off Kanye

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thelonecrouton
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September 18, 2014, 03:47:06 PM
 #59834

If nothing else, instant transactions are going to make headlines.

Hopefully Visa/Mastercard will get the shits and raise a fuss about it - even more publicity. What we really need to do is piss off Apple's legal team somehow...  Grin

If we are ever going to change the name as was speculated some pages ago, it should be iCoin. They said that they had done research that they wouldn't get into trouble using the name.

Now the devs have abandoned it, and it would probably be easy to take over the brand so that the old iCoin holders would agree - maybe compensate the old coins with a few new ones (i.e. darkcoins).  Smiley

This is all that I found that's left of it:

https://www.youtube.com/watch?v=ygdXrS4XoWQ
https://www.facebook.com/geticoin
https://bitcointalk.org/index.php?topic=407866
http://web.archive.org/web/20140208041226/http://icoin.pw/
http://web.archive.org/web/20140321212332/http://geticoin.com

iCoin or iCash - logo: an apple without the bite taken out of it, maybe in black...  Cool
RenegadeMan
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September 18, 2014, 03:50:31 PM
 #59835

If nothing else, instant transactions are going to make headlines.

Hopefully Visa/Mastercard will get the shits and raise a fuss about it - even more publicity. What we really need to do is piss off Apple's legal team somehow...  Grin

If we are ever going to change the name as was speculated some pages ago, it should be iCoin. They said that they had done research that they wouldn't get into trouble using the name.

Now the devs have abandoned it, and it would probably be easy to take over the brand so that the old iCoin holders would agree - maybe compensate the old coins with a few new ones (i.e. darkcoins).  Smiley

This is all that I found that's left of it:

https://www.youtube.com/watch?v=ygdXrS4XoWQ
https://www.facebook.com/geticoin
https://bitcointalk.org/index.php?topic=407866
http://web.archive.org/web/20140208041226/http://icoin.pw/
http://web.archive.org/web/20140321212332/http://geticoin.com

iCoin or iCash - logo: an apple without the bite taken out of it, maybe in black...  Cool

I know you're just free balling with this and it has a degree of tongue-in-cheek about it, but let's be careful, the whole notion of what Darkcoin is and what it represents could get terribly mixed up with association to Apple's markings.

BTC:   1KjAPEa3WvhmDGT4jmT9i5P3UPFdFH629e
DASH: Xdr6U5qcAdbuKRrr3xKBb1ySoPq7MKERnB
eduffield
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September 18, 2014, 03:51:56 PM
 #59836

Guys, you need to carefully reread Evan's chat log where he first mentioned the instant transaction system. I'm almost certain it doesn't involve masternodes, for several reasons:

1) He says that it won't require Bitcoin to hard fork. How could you implement MNs into the protocol, plus instant transactions, without a hard fork?
2) He clearly says that he has found a way to make Bitcoin transactions instant...he then mentions that it is fully compatible with DarkSend and so will work with Darkcoin. But it's clear from his wording that the system is designed and intended for Bitcoin, first and foremost.

https://darkcointalk.org/threads/possible-darkcoin-press-release-rc5-open-source-instant-transactions-kristov-code-review.2399/#post-21184

It doesn't require US to do a hardfork, because we already have masternodes  Grin

Dash - Digital Cash | dash.org | dashfoundation.io | dashgo.io
RenegadeMan
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September 18, 2014, 03:54:39 PM
 #59837

Guys, you need to carefully reread Evan's chat log where he first mentioned the instant transaction system. I'm almost certain it doesn't involve masternodes, for several reasons:

1) He says that it won't require Bitcoin to hard fork. How could you implement MNs into the protocol, plus instant transactions, without a hard fork?
2) He clearly says that he has found a way to make Bitcoin transactions instant...he then mentions that it is fully compatible with DarkSend and so will work with Darkcoin. But it's clear from his wording that the system is designed and intended for Bitcoin, first and foremost.

https://darkcointalk.org/threads/possible-darkcoin-press-release-rc5-open-source-instant-transactions-kristov-code-review.2399/#post-21184

From the horse's mouth:

Quote
"Evan Duffield, lead developer of Darkcoin, intends to release a white paper on September 19 detailing a new technology called 'Instant Transactions'. This technology will allow for crypto-currencies such as Darkcoin to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. If successful, such an idea could revolutionize cryptocurrency, by shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as twenty seconds"

Edit: It's not for Bitcoin

BTC:   1KjAPEa3WvhmDGT4jmT9i5P3UPFdFH629e
DASH: Xdr6U5qcAdbuKRrr3xKBb1ySoPq7MKERnB
LucD88
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September 18, 2014, 03:59:46 PM
 #59838

Guys, you need to carefully reread Evan's chat log where he first mentioned the instant transaction system. I'm almost certain it doesn't involve masternodes, for several reasons:

1) He says that it won't require Bitcoin to hard fork. How could you implement MNs into the protocol, plus instant transactions, without a hard fork?
2) He clearly says that he has found a way to make Bitcoin transactions instant...he then mentions that it is fully compatible with DarkSend and so will work with Darkcoin. But it's clear from his wording that the system is designed and intended for Bitcoin, first and foremost.

https://darkcointalk.org/threads/possible-darkcoin-press-release-rc5-open-source-instant-transactions-kristov-code-review.2399/#post-21184

From the horse's mouth:

Quote
"Evan Duffield, lead developer of Darkcoin, intends to release a white paper on September 19 detailing a new technology called 'Instant Transactions'. This technology will allow for crypto-currencies such as Darkcoin to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. If successful, such an idea could revolutionize cryptocurrency, by shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as twenty seconds"

Edit: It's not for Bitcoin
I like where this is going... no wait... I LOVE where this is going! Cheesy

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.MERGE MINING...   .MASTERNODES.............   .CORE UPDATES...
██████████████████████████████████   twitter  ███████████████████████ Mattermost  ███████████████████████ ANN Thread  ██████████████████████████████████
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ddink7
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September 18, 2014, 04:00:30 PM
 #59839

Guys, you need to carefully reread Evan's chat log where he first mentioned the instant transaction system. I'm almost certain it doesn't involve masternodes, for several reasons:

1) He says that it won't require Bitcoin to hard fork. How could you implement MNs into the protocol, plus instant transactions, without a hard fork?
2) He clearly says that he has found a way to make Bitcoin transactions instant...he then mentions that it is fully compatible with DarkSend and so will work with Darkcoin. But it's clear from his wording that the system is designed and intended for Bitcoin, first and foremost.

https://darkcointalk.org/threads/possible-darkcoin-press-release-rc5-open-source-instant-transactions-kristov-code-review.2399/#post-21184

From the horse's mouth:

Quote
"Evan Duffield, lead developer of Darkcoin, intends to release a white paper on September 19 detailing a new technology called 'Instant Transactions'. This technology will allow for crypto-currencies such as Darkcoin to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. If successful, such an idea could revolutionize cryptocurrency, by shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as twenty seconds"

Edit: It's not for Bitcoin

Yes, I stand corrected. Instant Transactions is for Darkcoin ONLY, per Evan.

Dash - Digital Cash
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Propulsion
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September 18, 2014, 04:10:01 PM
 #59840

Guys, you need to carefully reread Evan's chat log where he first mentioned the instant transaction system. I'm almost certain it doesn't involve masternodes, for several reasons:

1) He says that it won't require Bitcoin to hard fork. How could you implement MNs into the protocol, plus instant transactions, without a hard fork?
2) He clearly says that he has found a way to make Bitcoin transactions instant...he then mentions that it is fully compatible with DarkSend and so will work with Darkcoin. But it's clear from his wording that the system is designed and intended for Bitcoin, first and foremost.

https://darkcointalk.org/threads/possible-darkcoin-press-release-rc5-open-source-instant-transactions-kristov-code-review.2399/#post-21184

From the horse's mouth:

Quote
"Evan Duffield, lead developer of Darkcoin, intends to release a white paper on September 19 detailing a new technology called 'Instant Transactions'. This technology will allow for crypto-currencies such as Darkcoin to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. If successful, such an idea could revolutionize cryptocurrency, by shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as twenty seconds"

Edit: It's not for Bitcoin

Yes, I stand corrected. Instant Transactions is for Darkcoin ONLY, per Evan.

Lol, I'm giddy like a little school girl! This is fantastic. Well done.
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