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

[ImI]

should i wait to buy in! 

You should never wait - avg. your purchases

ahhh idk what to do lol ive been keeping my eye on this i mean anon coins!

its not a bad idea to average your buyin. we could go to 155 again or break through 200. its all possible.

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[toknormal]

should i wait to buy in! 

Well, one thing I'm sure about - it'll either go up, down or stay the same.

Logic says it should go down and correct - maybe 13 to 16.

But last year I remember seeing massive movements - the volume was phenomenal. Anybody who watched it will remember 100 BTC walls going in and out in single trades on Cryptsy and Mintpal. This time it's totally different. There's the odd 1000 DASH trade but most of them are double and triple digit trades. You can also see it on the volume bars in that long range chart.

What that tells me is that there are more people doing smaller trades and the coin supply is far more spread out than it was last year. We know that at least from the masternode collateral thats in place and the trading order books also seem to endorse that view. So that might mean slightly less of a profit take after each pump and more long term prospectors. (Just a theory).

If your having problems deciding, buy a lottery ticket instead

At times like this I usually go & watch a film.

[BlockaFett]

should i wait to buy in!  

You should never wait - avg. your purchases

ahhh idk what to do lol ive been keeping my eye on this i mean anon coins!

just my opinion, but if you want to get in to Drk / Dash for the long term, I think the safest thing is to buy early as you can and not worry about it..  If it goes down, you loose % of value temporarily but if you are long term investor how much does that matter if you believe in the future value of the currency. (but if you don't believe in the value or can't afford to lose it don't )

[Salkenex]

That smell is you Elmer.

[toknormal]

I would dearly love to dump a whole massive chunk at this price and have it tank to 12 or 13, but this is what gives me the 'heebies' about doing that....

http://www.investopedia.com/articles/technical/100801.asp

[tungfa]

Loving the volume from china 

you got a link for these charts ?
where are they tradingCNY - DRK ??
Bter or where
tx

[ImI]

I would dearly love to dump a whole massive chunk at this price and have it tank to 12 or 13

that would be a pretty dumb way of selling. you could get by far better profits by selling step by step.

[toknormal]

I would dearly love to dump a whole massive chunk at this price and have it tank to 12 or 13

that would be a pretty dumb way of selling. you could get by far better profits by selling step by step.

LoL. Unfortunately I'm not that much of a whale. I could easily have dumped my entire holdings today without moving the price a jot 

[Ignition75]

I would dearly love to dump a whole massive chunk at this price and have it tank to 12 or 13

that would be a pretty dumb way of selling. you could get by far better profits by selling step by step.

LoL. Unfortunately I'm not that much of a whale. I could easily have dumped my entire holdings today without moving the price a jot 

The real whales are the one's who talk down their involvement and remain anonymous 

[Minotaur26]

Loving the volume from china 

you got a link for these charts ?
where are they tradingCNY - DRK ??
Bter or where
tx

Yes. Bter.com

[iCEBREAKER]

Lets talk bitcoin with Evan on Drk/Dash on front page of r/bitcoin, show your support.

http://www.reddit.com/r/Bitcoin/comments/2zufu1/a_great_podcast_by_lets_talk_bitcoin_discussing/

Sounds like not everybody on reddit loves DashCoinDark:

No one wants to hear about a scam altcoin like Darkcoin(Oh wait its name was changed to DASH), especially since it's had an intended instamine and parameter changes by its scam developer.

Coinjoin on an altcoin is useless, we already have it for Bitcoin(Thanks gmaxwell!), your anonymity is crap, your instamine ruined the altcoin from the very beginning, and you're getting pumped atm, and gonna be dumped, by a pump group.

Quick, go attack this troll scumbag because he attacked DCD!  Err...I mean...correct his FUD...with fact and logic...  

[louiseth1]

I'm more convinced than ever that BTC is basically dead...

...

4) Centralization problems haven't been solved. In the last two years, two major 51% scares have happened, both involving ghash.io. Each time the alarm bells ring, new ideas are offered, and absolutely nothing changes.

You are right on all counts, but on any given day DRK's hash is usually even more centralised than BTC's.


Evan and team need to

a) Admit the fucking problem

and

b) Fix it by shifting blockchain security to Masternodes. Most of the code and all of the infrastructure already exists. Blockchain security can and should be practically unbreakable, the same as Darksend and InstantX, not left in the hands of two or three pool ops.


Go talk to anyone with serious money about trusting big chunks of it to a mightily 'decentralised' 3 shitty pool servers, all run as cheaply as possible by some noddy from the interwebs, see what reaction you get. Then have the same conversation again but with 3000 servers, n-of-m subsetting, 1/(10^20) attack success probability... your charts might suddenly start to look a bit more exiting than less than a fiftieth of the price of crappy old Bitcoin.

And what about a single individual could own half of the masternodes? Financially it's not making much sense but this COULD happen. You're one who always talks in ifs and buts, here's a good IF for you.

Masternodes are NOT the solution to decentralize everything effectively.

[thelonecrouton]

I'm more convinced than ever that BTC is basically dead...

...

4) Centralization problems haven't been solved. In the last two years, two major 51% scares have happened, both involving ghash.io. Each time the alarm bells ring, new ideas are offered, and absolutely nothing changes.

You are right on all counts, but on any given day DRK's hash is usually even more centralised than BTC's.


Evan and team need to

a) Admit the fucking problem

and

b) Fix it by shifting blockchain security to Masternodes. Most of the code and all of the infrastructure already exists. Blockchain security can and should be practically unbreakable, the same as Darksend and InstantX, not left in the hands of two or three pool ops.


Go talk to anyone with serious money about trusting big chunks of it to a mightily 'decentralised' 3 shitty pool servers, all run as cheaply as possible by some noddy from the interwebs, see what reaction you get. Then have the same conversation again but with 3000 servers, n-of-m subsetting, 1/(10^20) attack success probability... your charts might suddenly start to look a bit more exiting than less than a fiftieth of the price of crappy old Bitcoin.

And what about a single individual could own half of the masternodes? Financially it's not making much sense but this COULD happen. You're one who always talks in ifs and buts, here's a good IF for you.

Masternodes are NOT the solution to decentralize everything effectively.

Here's the level of decentralised attack-(in)vulnerability that blinded Masternodes are capable of:

Evan on Testnet: Darksend rounds with MN Blinding are 100x more secure!

https://darkcointalk.org/threads/v0-11-2-x-testing.4202/page-3#post-44576

I knew it was more secure, but that's something else!

How can one say they are 100x more secure now, or 90x? I mean, where is this number coming from?

Probability of following Darksend through
  - 4 non-blinded rounds with 10 masternodes* is (10/2300)^4 == 3.5734577849564574e-10
  - 4 blinded rounds with 10 masternodes is ((10/2300.0)^20)**4 == 1.1528508353537067e-189

Each round uses 20 random masternodes of 2300, so you must control 20 of 2300 four times in a row. It's super secure .

Here's the new probablities for each successive round:
  - 1 rounds with 10 masternodes is ((10/2300.0)^20)^1 == 5.826976675086318e-48
  - 2 rounds with 10 masternodes is ((10/2300.0)^20)^2 == 3.3953657171999996e-95
  - 3 rounds with 10 masternodes is ((10/2300.0)^20)^3 == 1.9784716837512123e-142
  - 4 rounds with 1000 masternodes is ((1000/2300.0)^20)^4 == 1.1528508353537028e-29
* attacker controlled

Replace 'Probability of following Darksend through' with 'Probability of compromising the blockchain'... Masternodes can make even 'perfectly' decentralised solo mining obsolete as a security mechanism, never mind pooled mining. Evan has created the technology to nail the DRK network down on all fronts, IMO we should use it. Why stick with something that's a thereisn'tevenawordforit-times more prone to attack?

I'm not claiming that exactly the same numbers would apply, but you get the idea - it's thousands of times more secure just from a number-of-servers perspective - add in blinded random subsetting and it's effectively impervious.

So yeah, imagine one person owning half the Masternodes, or three quarters, or 90%... it wouldn't fucking matter.* Masternodes are the best solution right now to decentralise everything effectively.

* eg. 90% compromised MNs = (((2070/2300)^20)^4) = 0.000218475

[Sapereaude]

I'm more convinced than ever that BTC is basically dead...

...

4) Centralization problems haven't been solved. In the last two years, two major 51% scares have happened, both involving ghash.io. Each time the alarm bells ring, new ideas are offered, and absolutely nothing changes.

You are right on all counts, but on any given day DRK's hash is usually even more centralised than BTC's.


Evan and team need to

a) Admit the fucking problem

and

b) Fix it by shifting blockchain security to Masternodes. Most of the code and all of the infrastructure already exists. Blockchain security can and should be practically unbreakable, the same as Darksend and InstantX, not left in the hands of two or three pool ops.


Go talk to anyone with serious money about trusting big chunks of it to a mightily 'decentralised' 3 shitty pool servers, all run as cheaply as possible by some noddy from the interwebs, see what reaction you get. Then have the same conversation again but with 3000 servers, n-of-m subsetting, 1/(10^20) attack success probability... your charts might suddenly start to look a bit more exiting than less than a fiftieth of the price of crappy old Bitcoin.

And what about a single individual could own half of the masternodes? Financially it's not making much sense but this COULD happen. You're one who always talks in ifs and buts, here's a good IF for you.

Masternodes are NOT the solution to decentralize everything effectively.

Here's the level of decentralised attack-(in)vulnerability that blinded Masternodes are capable of:

Evan on Testnet: Darksend rounds with MN Blinding are 100x more secure!

https://darkcointalk.org/threads/v0-11-2-x-testing.4202/page-3#post-44576

I knew it was more secure, but that's something else!

How can one say they are 100x more secure now, or 90x? I mean, where is this number coming from?

Probability of following Darksend through
  - 4 non-blinded rounds with 10 masternodes* is (10/2300)^4 == 3.5734577849564574e-10
  - 4 blinded rounds with 10 masternodes is ((10/2300.0)^20)**4 == 1.1528508353537067e-189

Each round uses 20 random masternodes of 2300, so you must control 20 of 2300 four times in a row. It's super secure .

Here's the new probablities for each successive round:
  - 1 rounds with 10 masternodes is ((10/2300.0)^20)^1 == 5.826976675086318e-48
  - 2 rounds with 10 masternodes is ((10/2300.0)^20)^2 == 3.3953657171999996e-95
  - 3 rounds with 10 masternodes is ((10/2300.0)^20)^3 == 1.9784716837512123e-142
  - 4 rounds with 1000 masternodes is ((1000/2300.0)^20)^4 == 1.1528508353537028e-29
* attacker controlled

Replace 'Probability of following Darksend through' with 'Probability of compromising the blockchain'... Masternodes can make even 'perfectly' decentralised solo mining obsolete as a security mechanism, never mind pooled mining. Evan has created the technology to nail the DRK network down on all fronts, IMO we should use it. Why stick with somethjing that's a gazillion times more prone to attack?

I'm not claiming that exactly the same numbers would apply, but you get the idea - it's thousands of times more secure just from a number-of-servers perspective - add in blinded random subsetting and it's effectively impervious.

So yeah, imagine one person owning half the Masternodes, or three quarters, or 90%... it wouldn't fucking matter. Masternodes are the best solution right now to decentralise everything effectively.

Please stop beating the dead horse, we get it.

If you seriously believe this is a problem then start a bounty fund, define what exactly you want done and when it will be awarded. Then try to convince ppl to donate, instead of sprouting the same stuff I have seen you post for the 100th odd time.

[Crypto_Man1212]

I kind of surprised that my post on /r/bitcoin is still on the front page, i assume people would downvote anything altcoin related.

[Joshuar]

I kind of surprised that my post on /r/bitcoin is still on the front page, i assume people would downvote anything altcoin related.

Mods are offline on reddit(Or else itd be deleted) and its night for most of the Western Hemisphere(Most bitcoiners live in the west).

[iCEBREAKER]

i assume people would downvote anything altcoin related.

That is because overhyped shitbags like DashcoinDark make the legitmate alts look bad too.

This sums it up well:

there were never any fundamentals in Darkcoin/Dash, the very fundamentals such as the block reward, max coin supply, name, and more, has been severely tampered with by Evan since the instamined happened during Darkcoin/Dash's release. Those things are the fundamentals of a cryptocurrency, and your developer has destroyed it. The only thing Dark/Dash has remaining is hype by the pump and dump crowd/groups.

If a few people who aren't programmers or cryptographers can come in and say, "Yea the dev of this coin really fucked it up for everyone else but himself", then there is something seriously wrong.

[bigrcanada]

iCEBREAKER... Your a moron!   Tell you what... Go find Satoshi and bust his balls about premining Bitcoin... With him being the only miner and pocketing countless 100s of thousands of coins.  That was fair now wasn't.   If you want scam... BTC takes the cake.

Your a circle jerk douche bag and you know it.   Thankfully the real world doesn't come here or even know about Bitcointalk nor care.
 Your also a hypocritic...go seek justice on the BTC premine scam first on your self made alter boy holy war.  Loser!

At least Guys like Evan and myself and others are willing to put our real name out there and stand for our convictions ...as well as say who and what we are,  were as you shit bags hide behind your keyboards.

Until your willing to clean up the road that was before us and put you real name to it and where u live out there on yoru BULLSHIT crusade... Your opinion and comments carry are nothing more then BULLSHIT hot air,  Troll!

[RenegadeMan]

More of the regular rubbish I'm just besotted with posting

You are one worried individual aren't you!

The sad thing is that not a single word you've written will be remembered. It will all just fade into the noise of the haters and mudslingers that tried everything to derail DASH.

Do you realise you're just joining the ranks of all the people that have ever put shit on things that are good and worthwhile?

Stop and have a think about that for a second; you're part of the naysayer team that adds NOTHING of value. That's who you are.

[toknormal]

It's ok. Icebreaker was just getting nervous that he wasn't getting any replies and had to go and borrow some half-arsed toxic rhetoric from one of his pals - celestio.

The three of them rattle their little can louder everytime there's a revaluation, like one of them "End is Nigh" codgers with the billboard strapped to their chest