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Jesse Livermore
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April 11, 2015, 05:29:56 PM |
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Hello Dash'ers, just downloaded the wallet however it's not syncing. It's got 8 connections but is stuck at 1 year 11 weeks behind for over an hour now. Any help?
JL
Close it. Delete peers.dat. Run it again. Did it. Still nothing. I'll leave it be for a bit. |
I own a DASH Masternode.... And you should too.
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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splawik21
Legendary
 Offline
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
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April 11, 2015, 05:33:46 PM |
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Hello Dash'ers, just downloaded the wallet however it's not syncing. It's got 8 connections but is stuck at 1 year 11 weeks behind for over an hour now. Any help?
JL
Close it. Delete peers.dat. Run it again. Did it. Still nothing. I'll leave it be for a bit. Go with -reindex again and if you can add some nodes to your dash.conf |
BE SMART, USE DASH ( ͡° ͜ʖ ͡°) |
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sangoku
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April 11, 2015, 05:38:05 PM |
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Hi,
How many dash maximum for darksend mixing ?
I can't go up to 2001 dash or more in my darksend balance
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DΛSH is digital cash. Transactions are obscured in the blockchain, making them private from the wallet. You can send Dash to family or friends, or pay for goods or services, anywhere in the world. DΛSH Anonymous and Untraceable. The Perfect Digital Cash And The Best Way To Protect Your Privacy https://www.dashpay.io DΛSH is 59.5 times faster with syncing and updating than Monero.My DΛSH Address: XgF6sNzGHU58dn36WsC16no9FHct6nPeZD
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yuda7ucard
Newbie
Offline
Activity: 9
Merit: 0
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April 11, 2015, 05:40:19 PM |
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Minotaur26
Legendary
Offline
Activity: 1092
Merit: 1000
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April 11, 2015, 05:41:09 PM |
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-Snip-
Proof of Stake and other non-mineable coins like Crave, Shadow, Ripple, NXT, B*SharesX, etc. are ALL scams, by nature. What do I mean by scam? I mean there is nothing ensuring decentralization. Nothing you can trust. A coin with no mining is not even a coin or currency, in an economic sense. It is a non-trustable token of a "public" ledger; at any point it can be 51% attacked/coins stolen/manipulated (see the "nothing-at-stake" attack for technical specifics)
To basically understand why Proof of Stake coins are extremely risky investments, you should first delve into one of the fundamental ecomonic reasons of why real Proof of Work cryptocurrencies like Bitcoin are valuable in the first place.
The value is in the public blockchain that is at once not-fakeable, completely trustable, and decentralized. The thing that ensures these properties is the Proof of Work, which comes from real (not-fakeable) value invested in mining it, i.e. computational power and electricity.
Bitcoin is attractive as an investment because it can be trusted, and that in itself gives it value. That is the only reason Bitcoin has a multi-billion dollar market cap. Smart investors will continue diversivy into real cryptocurrencies like Bitcoin and Dash this because they are real and persistent commodities, like gold.
With a proof of stake coin, you must assume it is compromised. There is no way to ensure otherwise. A "blockchain," you say? An ostensibly public ledger with no mining behind it is not a blockchain in the true sense of Satoshi's invention. It is not a matter of if, but when someone decides to run away with the money (claiming hacks or whatever... there is no difference between a POS coin and GOX, mintpal, etc.). People are blindly trusting whoever is in control of the coin. That trolls constantly attemt to defame Dash as an instamine/centralized/scam coin speaks volumes to the fact that this is the only reality they actually know (the one where the developers and cohorts always hold all the cards (POS/ICO/2dayPOW/etc) and manipulate unsuspecting investors).
So back to Proof of Work. Let's use Dash as an example. Dash is a PoW coin with actual $ of hardware, electricity and effort put into the confirmation of the blockchain and creation of each coin. As explained above, people invest long term into such coins because they can trust that nobody is able control it and steal people's money. Add to that the masternode layer of 1000 coins that are trustable due to PoW, then you have real value (collateral) being put into the masternode network as incentive to provide services that give the individual coins themselves even more value due by increasing their fungibility, along with providing countless other services to keep the network healthy and efficent.
Now, say the PoW aspect of Dash did not exist, and the masternodes themselves would find blocks and be rewarded based solely on their 1000Dash collateral, plus the current affordable VPS specs required to maintain one. Now while it is true the VPS represents a modicum of real world value, you have now removed most of the coin's grounding in reality, or rather taken away the value of the coin which is agreed upon in non-crypto world (electricity, hardware power, effort, etc.). With this situation, you can no longer say that the collateral for the masternode network is trustable as value in the sense that you can for a another currency or commodity that is either widely trusted and government manipulated (fiat) or requires no trust (bitcoin).
What I'm getting at is that the only reason you can trust Dash masternodes is because there is PoW required to ensure the collateral is even worth anything. This whole "Crave" thing is an insult to Dash's truly two-tiered masternode+PoW system by comparison. While I feel sorry for anyone who gets suckered into buying that, SDC, XC, or any of the plethora of other POS coins, I also realize that most people don't take personal responsibility for their money and generally feel the need to entrust others with it, thus creating constant opportunities for scammers. It is a necessary step in the growing process when new freedoms are born.
This is exactly how I feel about Proof of Stake coins. Thank you for this post Bridgewater you are always insightful and an asset to this community. |
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innergy
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April 11, 2015, 05:44:10 PM |
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... Here he bet 1, but only wins 1.11, if he loses, he loses 1...
Like I said, I dont get gambling, that is why I dont keep at it.
Profit is little because the risk is little.. it's a soccer game, it's not a pure luck..  |
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Jesse Livermore
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April 11, 2015, 05:45:34 PM |
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Hello Dash'ers, just downloaded the wallet however it's not syncing. It's got 8 connections but is stuck at 1 year 11 weeks behind for over an hour now. Any help?
JL
Close it. Delete peers.dat. Run it again. Did it. Still nothing. I'll leave it be for a bit. Go with -reindex again and if you can add some nodes to your dash.conf Method not found (code -32601) Anyone got a list of nodes I can add? |
I own a DASH Masternode.... And you should too.
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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April 11, 2015, 05:48:40 PM |
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I dont understand betting. If you'd lost, would you have lost the 1k ?  Doesnt seem at all like a good gamble, but then again I'm surely missing something. You do know about our beloved stoney, right? Of course if he loses he'd lose 1k of Dash... how was that any different than you playing with large numbers in dice? Hey, not criticising at all. But in dice, you bet 1 and lose, tough luck. If you win, you get double 2x. Here he bet 1, but only wins 1.11, if he loses, he loses 1. I tried dice at my own discretion to try the platform, won a few, lost another, won a lot, lost a lot, an quit while I was ahead. Seems "fair" as a game, even with the house edge. Here, I dont think the gamble is worth the potential gains, thats all. Like I said, I dont get gambling, that is why I dont keep at it. Odds that low are because the probability is very high that the bet will result in a win. If there is 1 goal scored in that game, he wins. Even in dice (odd/even, black/red), over long periods of time (not factoring in house edge), the EV is 1. |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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April 11, 2015, 05:49:39 PM |
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Hello Dash'ers, just downloaded the wallet however it's not syncing. It's got 8 connections but is stuck at 1 year 11 weeks behind for over an hour now. Any help?
JL
Close it. Delete peers.dat. Run it again. Did it. Still nothing. I'll leave it be for a bit. Go with -reindex again and if you can add some nodes to your dash.conf Method not found (code -32601) Anyone got a list of nodes I can add? Take your pick from any of the masternodes on the latest version: https://dashninja.pl/Further, the method not found... you're not trying to reindex from the debug area intraclient, right? You need to append that to the shortcut or at the command prompt prior to launching it. |
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Jesse Livermore
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April 11, 2015, 06:01:38 PM |
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Hello Dash'ers, just downloaded the wallet however it's not syncing. It's got 8 connections but is stuck at 1 year 11 weeks behind for over an hour now. Any help?
JL
Close it. Delete peers.dat. Run it again. Did it. Still nothing. I'll leave it be for a bit. Go with -reindex again and if you can add some nodes to your dash.conf Method not found (code -32601) Anyone got a list of nodes I can add? Take your pick from any of the masternodes on the latest version: https://dashninja.pl/Further, the method not found... you're not trying to reindex from the debug area intraclient, right? You need to append that to the shortcut or at the command prompt prior to launching it. Yes, that's what I thought you were suppose to do. It's moot now though because I got it to start syncing now. I had forgot that I enabled my DMZ on my router for a 'competing coin masternode' (won't say the name lest you claim I am spamming) I was running a couple days ago and so disabled DMZ and then restarted my computer. Not sure why but that seems to have been the problem. All good now. Thanks. Will have many more questions undoubtedly as I set up my own masternode by following this https://dashtalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/JL |
I own a DASH Masternode.... And you should too.
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r4vani
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April 11, 2015, 06:03:20 PM |
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level of risk to reward in money management 1:3 Appropriate and acceptable risk 1k for 110 reward is Completely wrong |
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Jestah
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April 11, 2015, 06:03:37 PM |
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I dont understand betting. If you'd lost, would you have lost the 1k ? Doesnt seem at all like a good gamble, but then again I'm surely missing something. You do know about our beloved stoney, right? Of course if he loses he'd lose 1k of Dash... how was that any different than you playing with large numbers in dice? I don't see that match at db....... |
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DefendKebab
Sr. Member
Offline
Activity: 439
Merit: 250
Hassan Al-Kebab
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April 11, 2015, 06:06:16 PM |
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We might see a double bottom before a break out.
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Güçlü Türkiye Kebab Defenderler
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DonQuijote
Legendary
Offline
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
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April 11, 2015, 06:43:48 PM |
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I dont understand betting. If you'd lost, would you have lost the 1k ? Doesnt seem at all like a good gamble, but then again I'm surely missing something. You do know about our beloved stoney, right? He won  |
THE INGENIOUS GENTLEMAN DON QUIXOTE OF LA MANCHA |
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TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
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April 11, 2015, 06:46:34 PM |
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Who cares? Let the kids play in their sandbox...  |
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RenegadeMan
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April 11, 2015, 06:51:13 PM |
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Who cares? Let the kids play in their sandbox... I care Tao (but I understand what you're inferring). With the amount of trolling here, there's already confusion over the continued existence of 'Dashcoin' but (as per my post over in that thread) they're clearly looking to leverage off this thread's enormous following (by comparison to theirs) and DASH's far great success. Yes, they're 'kids' but they're attempting to ride this juggernaut. |
BTC: 1KjAPEa3WvhmDGT4jmT9i5P3UPFdFH629e
DASH: Xdr6U5qcAdbuKRrr3xKBb1ySoPq7MKERnB
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TheDasher
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April 11, 2015, 06:55:17 PM |
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Who cares? Let the kids play in their sandbox... I care Tao (but I understand what you're inferring). With the amount of trolling here, there's already confusion over the continued existence of 'Dashcoin' but (as per my post over in that thread) they're clearly looking to leverage off this thread's enormous following (by comparison to theirs) and DASH's far great success. Yes, they're 'kids' but they're attempting to ride this juggernaut. You guys stole their coins name and now you are complaining? What a bunch of whiners over here. |
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TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
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April 11, 2015, 06:58:07 PM |
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Who cares? Let the kids play in their sandbox... I care Tao (but I understand what you're inferring). With the amount of trolling here, there's already confusion over the continued existence of 'Dashcoin' but (as per my post over in that thread) they're clearly looking to leverage off this thread's enormous following (by comparison to theirs) and DASH's far great success. Yes, they're 'kids' but they're attempting to ride this juggernaut. True, but at the end of the day there is not a thing we can do about it. We can't stop them from posting their drivel here or there, so it's a waste of energy to try and stop them. In fact, it feeds the fire and may serve to embolden them and add to their resolve. Let's just concentrate on what we have control over. Get the word out that we are Dash and they are Dashcoin, we have more influence, our message will naturally travel further and we will overcome these growing pains. It pains me to see you wasting your time over there when you could be writing brilliant articles...  |
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RenegadeMan
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April 11, 2015, 07:00:03 PM |
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Who cares? Let the kids play in their sandbox... I care Tao (but I understand what you're inferring). With the amount of trolling here, there's already confusion over the continued existence of 'Dashcoin' but (as per my post over in that thread) they're clearly looking to leverage off this thread's enormous following (by comparison to theirs) and DASH's far great success. Yes, they're 'kids' but they're attempting to ride this juggernaut. True, but at the end of the day there is not a thing we can do about it. We can't stop them from posting their drivel here or there, so it's a waste of energy to try and stop them. In fact, it feeds the fire and may serve to embolden them and add to their resolve. Let's just concentrate on what we have control over. Get the word out that we are Dash and they are Dashcoin, we have more influence, our message will naturally travel further and we will overcome these growing pains. It pains me to see you wasting your time over there when you could be writing brilliant articles... Mmmm....true. |
BTC: 1KjAPEa3WvhmDGT4jmT9i5P3UPFdFH629e
DASH: Xdr6U5qcAdbuKRrr3xKBb1ySoPq7MKERnB
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