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

[tungfa]

http://www.engadget.com/2015/07/15/darkode-cybercrime-forum-seized/

So good DASH doesn't have darkname anymore...

LOL
i saw that too
and thought exactly the same thing !!
 

[WastedLTC]

Given the nature of DASH.   Can we please move away from a wallet.dat file that can be opened without password?    Would be nice if the file was encrypted so if it was found on your computer or someone was able to grab it they couldn't see all of your transaction history.

bitshares has a cover screen where you must put in your password before being able to see your balance and transaction history. we need something like that!

Well I quoted you two and made the suggestion on the testing thread, but I doubt it'd be included in this release 'cause it'd delay everything.  But it's a cool idea and maybe Evan will see it

I've been thinking about this while I've been working on v12 today. It would be easy enough just to AES encrypt the entire wallet file, then ask for a password when you start the wallet to see anything at all. Seems simple enough to implement

As always,   I (we) appreciate the open mind & response.

[alex-ru]

Greek bitcoiners using proper moment:


But Dash-color suits better to flag of Greece!  



Big size here: http://s016.radikal.ru/i335/1507/99/6ddb0115f759.jpg

[coins101]

Greek bitcoiners using proper moment:


But Dash-color suits better to flag of Greece! 

I have so much admiration for people that do this sort of thing

They are not there to sell a company. They are grass roots advocates acting out of a passion to see crypto succeed.

[toknormal]

That is phenomenal.

I thought the network would be lucky to reach 800.

[tungfa]

congrats !!!

can i get the link to that chart please !
 
2800 is amazing !

[patrolman]

congrats !!!

If we continue at the same rate since the end of last month we'll be at 3000 in no time!

[kointrend]

congrats !!!

can i get the link to that chart please !
 
2800 is amazing !

http://178.254.18.153/~pub/masternode_count.png

[Sub-Ether]

congrats !!!

can i get the link to that chart please !
 
2800 is amazing !

http://178.254.18.153/~pub/masternode_count.png

O its brilliant to watch the climb 
I notice there is a 'correction' every 6-8 weeks and a loose correlation with the bitcoin price.
Market conditions will effect the climb, such as wallet releases and dollar yield per masternode but there must be a balance, it would not be a good idea to have 5000 masternodes for a coin circulation of 5.5 million coins -otherwise liquidity and volume would be throttled and the masternodes would have too much control over the currency for a free market.

[tungfa]

congrats !!!

can i get the link to that chart please !
 
2800 is amazing !

http://178.254.18.153/~pub/masternode_count.png

tx man
2804 and counting !
 

[toknormal]

its brilliant to watch the climb...there must be a balance, it would not be a good idea to have 5000 masternodes for a coin circulation of 5.5 million coins

According to "Duffenomics", that's supposed to sort itself out automatically since the yield reduces with an increasing full node population. But what that doesn't take into account is what's happening in the Bitcoin / USD markets as you say. If Dash stays coupled to BTC - or even rises against it - then isn't that dynamic somewhat offset by a rising dollar revenue ? - thus maintaining the incentive to put up masternodes.

I can't quite work out if thats a good thing or a bad thing, or if there's an optimal population or how you would adjust masternode revenue with minimum collateral to pitch for the optimum or what. There are too many variables for my pea-brained mind and it is already exploding just contemplating it, so I think I'll just sit back and watch the show for now 

[Sub-Ether]

its brilliant to watch the climb...there must be a balance, it would not be a good idea to have 5000 masternodes for a coin circulation of 5.5 million coins

According to "Duffenomics", that's supposed to sort itself out automatically since the yield reduces with an increasing full node population. But what that doesn't take into account is what's happening in the Bitcoin / USD markets as you say. If Dash stays coupled to BTC - or even rises against it - then isn't that dynamic somewhat offset by a rising dollar revenue ? - thus maintaining the incentive to put up masternodes.

It would be an interesting dynamic to model and simulate if we understood the connection between all the variables, simulink could do the job, hey wheres my old lecture notes got to? think I might have dumped them, lol

[wozzek23]

... it would not be a good idea to have 5000 masternodes for a coin circulation of 5.5 million coins -otherwise liquidity and volume would be throttled and the masternodes would have too much control over the currency for a free market.

I was never able to understand a hypothetical situation in which there are 80% - 90% or more of all coins "locked in" the masternodes. When I asked a question or two on the topic I was called names for in a cult-like environment one is not allowed to wonder about potential perils, but at the end, I sided with coins101 whose take is that that "peril" of mine is irrelevant. (given decimals in one unit)

In this phase, DASH seems like a perpetuum mobile investment. It does not have any real value but the hope its brilliant technology would mature enough to be a store of value, a sort of digital cash, you name and that it will be of use. It does not have any real, widespread applications, and yet, it creates value in MN, as a payout.

It is at the same time fantastic and crazy to watch. I hope the "fantastic" will prevail.

[toknormal]

I was never able to understand a hypothetical situation in which there are 80% - 90% or more of all coins "locked in" the masternodes. When I asked a question or two on the topic I was called names for in a cult-like environment one is not allowed to wonder about potential perils

I think I just did do that    ("wonder about potential perils")

Also, the coin's aren't in any way "locked" in a masternode.

They are at a regular address. You can access them in a local wallet, transfer them onto an exchange, trade them etc. There's no sense in which they are "locked in a masternode".

I have a local wallet (a Dash QT wallet) with a few addresses. One of those addresses is used to collateralize a masternode but the QT wallet doesn't know and doesn't care. If I tell QT Wallet to send 600 Dash to an exchange it will do so without concerning itself with which address is which.

Liquidity is not affected. The full supply of 5,580,994 coins is as accessible as Bitcoin's is regardless of the masternode population - that's one of the elegant aspects the decentralised architecture. A masternode is just a wallet - like any other wallet - which interacts with the blockchain. It provides enhanced services like a bitcoin full node does.

The idea that masternodes impact on liquidity is a myth. What impacts on market liquidity is a holder's propensity to trade, nothing else.

[Sub-Ether]

I have a local walet (a Dash QT wallet) with a few addresses. One of those addresses is used to collateralize a masternode but the QT wallet doesn't know and doesn't care. If I tell QT Wallet to send 600 Dash to an exchange it will do so without caring which address is which.

A handy tip to operate 2 or more wallets on different drives at the same time is to create a folder on your second hard drive called something like dashmasternode, then in cmd dos window go into your dash folder on your C drive and enter this,
dash.exe -datadir=D:\dashmasternode

let it sync and make sure the config(dash.conf)in the dashmasternode on drive D has,
listen=0

paste your C drive encrypted wallet into the new dashmasternode folder.
After double checking all is good on the D drive, delete (or rename for para safety) the C drive wallet and masternode config and run the normal dash.exe again letting it create a new 'hot' empty wallet for general local use.

Now you can run 2 or more wallets at the same time and transfer your 1k around on the same machine, and if your version of windows goes kerboom, you will still have usable wallets on the D drives ready for use  

[ArpFlush]

Now you can run 2 or more wallets at the same time and transfer your 1k around on the same machine, and if your version of windows goes kerboom, you will still have usable wallets on the D drives ready for use  

I was thinking about creating a second Windows user account on the same machine, only for MN use.

[Sub-Ether]

Now you can run 2 or more wallets at the same time and transfer your 1k around on the same machine, and if your version of windows goes kerboom, you will still have usable wallets on the D drives ready for use  

I was thinking about creating a second Windows user account on the same machine, only for MN use.

I suppose that would be more secure but if windows fails, no easy access!

[Rux]

Now you can run 2 or more wallets at the same time and transfer your 1k around on the same machine, and if your version of windows goes kerboom, you will still have usable wallets on the D drives ready for use  

I was thinking about creating a second Windows user account on the same machine, only for MN use.

I suppose that would be more secure but if windows fails, no easy access!

thats why you have MN's wallet.dat and dash.conf secured on many places

[Sub-Ether]

Now you can run 2 or more wallets at the same time and transfer your 1k around on the same machine, and if your version of windows goes kerboom, you will still have usable wallets on the D drives ready for use  

I was thinking about creating a second Windows user account on the same machine, only for MN use.

I suppose that would be more secure but if windows fails, no easy access!

thats why you have MN's wallet.dat and dash.conf secured on many places

same applies to external usb backup, I actually have never tried updating a memory stick as a synced wallet, would be interested to see how long it took. Useful if you want instant access to funds in a day trader related emergency 

[ArpFlush]

same applies to external usb backup, I actually have never tried updating a memory stick as a synced wallet, would be interested to see how long it took. Useful if you want instant access to funds in a day trader related emergency 

I have a small amount of DASH on my macbook when the moon is nearby