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

[GhostPlayer]

one word; 51-attack  

 To this day, there has never been a 51% attack, ever, in any coin. Do you even understand how it works? It's a theoretical concept that ALL PoW algorithms "suffer" from, and basically makes the attacker bankrupt. It will allow for 1 double spend before the entire network realizes it, and even if he has 75%+ and manages to highjack the blockchain entirely, every one else would leave. (Like what is happening with Bitcoin-XT) - essencially, destroying the entire value of the coin. And that, does not happen in one 51% attack. a 51% attack theoretically would allow you to spoof ONE block and performa a double spend.

Where would you double-spend a few coins? Buy a TV in Overstock.com, and have UPS block the shipment once the companie realizes that block got orphaned later on?

 Since there are no ASIC's, could someone please calculate the cost of how many 290x's + electrical bill to get over 50GH/s of mining power?

Stop making a fool of yourself. You are not making serious questions. The 51% attack has been debated within bitcoin while Satoshi was still posting. We've all witnesses Slash's Pool at 60%, we've all seen GHash.io reach 60%.

  51-attack is not one word, it's an alpha-numeric mash-up.

 Don't be silly.

It's a bit naive to think that three letter agencies with unlimited resources can't carry out a 51-attack if they really want to...

 To what effect exactly? It's like trying to pluck mushrooms from a forest so they don't reproduce. Tho more you do it, tho more spores you spread, and next day there are 10x more mushrooms, bigger and stronger.

 And I'm not talking the magical kind.

 3 letter agencies go after criminals, not the tools they use, as these are legit in the hands of the righteous.

 Seriously, if you're not FUD'ing, you're very new to cryptos. You logic is theoretically correct, but pragmatically flawed.

[tungfa]

one word; 51-attack  

It's a bit naive to think that three letter agencies with unlimited resources can't carry out a 51-attack if they really want to...

Spreading Fear Uncert... + D.... ?

[toknormal]

Google "cognitive dissonance reduction"...what do you think three letter agencies are going to do when they notice Dash is being used for illegal activities? To them Dash investors don't even matter, they just shut down the entire network... ;

LoL ! Well I for one wouldn't be complaining if that happened. If Dash were to reach the level adoption - by whatever commercial sector - that "they" became interested in shutting it down then we'd all be retired and flying around in private jets.

As for "illicit activities", the Dash project is specifically improving on Bitcoin's fungibility to make "better cash". It has nothing to do with "illicit activities".

[Rux]

b1007 quote: "what do you think three letter agencies are going to do when they notice Dash is being used for illegal activities?"

what did they did to bitcoin network after silkroad bust??? 

nothing, they took BTC's and sell it later for profit... now i really know you are just some n00bish crypto begginer who think he got it all from reading bitcoin wiki

ignored ofc, read kiddo, read

[AdamWhite]

I am not a shill account. I am simply an entrepreneur and crypto enthusiast.

I know how to use the ignore button AdamWhite. I wasn't logged on when reading BCT on my phone, and happened to see your post calling me out.

The structure of the Dash project makes it the most interesting crypto project that I have seen in a long time, it is the true Honey Badger IMO.

Anyway, keep posting away and see what happens. No need to quote or address me anymore as it seems you aren't willing to pay to play.

Right, so you're a brand new crypto user and you came straight to the Dash topic, posting here exclusively, because you think it's such a great project and you decided want to be involved in the scam without so much as contributing to a single other thread?

Was it the massive intentional instamine fraud and systematic deception that got you hooked?

You dash shills must think people are as stupid as you are  

[Sub-Ether]

Since there are no ASIC's, could someone please calculate the cost of how many 290x's + electrical bill to get over 50GH/s of mining power?

Done!
Funnily enough, I've got a wattmeter attached to a R9 280X  nearby

Total power used by computer =270 watts
GPU Power used with wolf0's bins = 142 watts
hash rate =6 megahash
GPU watts per megahash = 142 / 6 = 23.7 watts per megahash

so total GPU mining power (not including any running boards, and A/C)

50,000 megahash * 23.7 watts = 1.18 megawatts =1183 kilowatts

cost of 1 kilowatt per hour ~ $0.15

total cost of GPUs per hour = $177
total cost of only the GPUs per day = $4248

Depends how you look at these attacks even if they are feasible because I seem to remember the stress tests on bitcoin revealed that a blockchain spam attack of around $2400 per day would basically backlog bitcoin transactions so much that it would be unusable for hours.

Edit: dont forget to factor in the cost of the GPU's which at 6 meg each would mean 8333 GPUs costing around $2.2 million !!

[eduffield]

one word; 51-attack  

 To this day, there has never been a 51% attack, ever, in any coin. Do you even understand how it works? It's a theoretical concept that ALL PoW algorithms "suffer" from, and basically makes the attacker bankrupt. It will allow for 1 double spend before the entire network realizes it, and even if he has 75%+ and manages to highjack the blockchain entirely, every one else would leave. (Like what is happening with Bitcoin-XT) - essencially, destroying the entire value of the coin. And that, does not happen in one 51% attack. a 51% attack theoretically would allow you to spoof ONE block and performa a double spend.

Where would you double-spend a few coins? Buy a TV in Overstock.com, and have UPS block the shipment once the companie realizes that block got orphaned later on?

 Since there are no ASIC's, could someone please calculate the cost of how many 290x's + electrical bill to get over 50GH/s of mining power?

Stop making a fool of yourself. You are not making serious questions. The 51% attack has been debated within bitcoin while Satoshi was still posting. We've all witnesses Slash's Pool at 60%, we've all seen GHash.io reach 60%.

  51-attack is not one word, it's an alpha-numeric mash-up.

 Don't be silly.

It's a bit naive to think that three letter agencies with unlimited resources can't carry out a 51-attack if they really want to...

The goal is to make a confirmationless wallet, where all transactions are protected by IX. 51% attacks become much less powerful in that case, they can't really touch IX. That would protect our millions of users we're currently shooting for (valid / non-illegal users btw), which leaves an attacker one option... to buy masternodes to attack Dash. We know how that will go.

We really do have an end-to-end solution to all problems within crypto now. I'm working on a 50+ page whitepaper that details the rest of the solution, I'm quite excited about it  

Here's another one for good measure. We have sub-quorums for super secure tasks, but we could implement full-quorum based actions the masternode network can take as a whole. For example, banning attacking pools from the network, people, countries, etc.

[Rux]

Thank you Evan, answering FUD with quality words!

now you see when main Dev answers you a question... with such an answer that you and rest of crypto FUDers can only say wtf ?

welcome to DASH, the future of crypto

[eduffield]

Thank you Evan, answering FUD with quality words!

now you see when main Dev answers you a question... with such an answer that you and rest of crypto FUDers can only say wtf ?

welcome to DASH, the future of crypto

FUD is what powers Dash. I've gotten a bunch of ideas from it including the one about the masternode network being an active force to deflect attack. Keep it coming people  

[Rux]

So next thing on your green list must be...

--- HIDE MN IP FROM PESKY CHOPPERS ---

if you do this, we got it all covered

[GhostPlayer]

So next thing on your green list must be...

--- HIDE MN IP FROM PESKY CHOPPERS ---

if you do this, we got it all covered

 How about orgone energy powered miners? We could all hold hands an telepathically achieve consensus.  

[noobtrader]

So next thing on your green list must be...

--- HIDE MN IP FROM PESKY CHOPPERS ---

if you do this, we got it all covered

we just need to mirror MN ip address so 3000 MN will looks like 9000 MN ip address or even 30000MN address 

[TanteStefana2]

50 pages?

My brain already hurts 

[Callahan]

So next thing on your green list must be...

--- HIDE MN IP FROM PESKY CHOPPERS ---

if you do this, we got it all covered

PESKY CHOPPERS?

[RBCastro]

What can I do if everytime I try to run miner it stop responding and closes?

I make sure that I use the corresponding miner for my CPU.


Thanks.

[noobtrader]

What can I do if everytime I try to run miner it stop responding and closes?

I make sure that I use the corresponding miner for my CPU.


Thanks.

you should give more info, what os, what cpu, what miner ?   atleast

[RBCastro]

What can I do if everytime I try to run miner it stop responding and closes?

I make sure that I use the corresponding miner for my CPU.


Thanks.

you should give more info, what os, what cpu, what miner ?   atleast

Sorry, my mistake.

Info:

OS: Windows 8
CPU: Intel Core i5-2410M - 2.30GHz
Miner: DarkCoin cpu-miner - minerd-corei7-avx.exe (v1.3)

Hope it helps.

[Sub-Ether]

What can I do if everytime I try to run miner it stop responding and closes?
I make sure that I use the corresponding miner for my CPU.
Thanks.

you should give more info, what os, what cpu, what miner ?   atleast

Sorry, my mistake.
Info:
OS: Windows 8
CPU: Intel Core i5-2410M - 2.30GHz
Miner: DarkCoin cpu-miner - minerd-corei7-avx.exe (v1.3)
Hope it helps.

You still haven't given us the .bat or confi settings.
Btw, put a 'pause' at end of .bat file and you stay on the window.

[RBCastro]

What can I do if everytime I try to run miner it stop responding and closes?
I make sure that I use the corresponding miner for my CPU.
Thanks.

you should give more info, what os, what cpu, what miner ?   atleast

Sorry, my mistake.
Info:
OS: Windows 8
CPU: Intel Core i5-2410M - 2.30GHz
Miner: DarkCoin cpu-miner - minerd-corei7-avx.exe (v1.3)
Hope it helps.

You still haven't given us the .bat or confi settings.
Btw, put a 'pause' at end of .bat file and you stay on the window.

My .bat file:

Code:

minerd-corei7-avx.exe -a X11 -o stratum+tcp://us-east.multipool.us:3371 -u XXX.X -p X -t 1

When I start the .bat file it stop work and gives me an alert window to close the program.

[blajde]

one word; 51-attack  

 To this day, there has never been a 51% attack, ever, in any coin. Do you even understand how it works? It's a theoretical concept that ALL PoW algorithms "suffer" from, and basically makes the attacker bankrupt. It will allow for 1 double spend before the entire network realizes it, and even if he has 75%+ and manages to highjack the blockchain entirely, every one else would leave. (Like what is happening with Bitcoin-XT) - essencially, destroying the entire value of the coin. And that, does not happen in one 51% attack. a 51% attack theoretically would allow you to spoof ONE block and performa a double spend.

Where would you double-spend a few coins? Buy a TV in Overstock.com, and have UPS block the shipment once the companie realizes that block got orphaned later on?

 Since there are no ASIC's, could someone please calculate the cost of how many 290x's + electrical bill to get over 50GH/s of mining power?

Stop making a fool of yourself. You are not making serious questions. The 51% attack has been debated within bitcoin while Satoshi was still posting. We've all witnesses Slash's Pool at 60%, we've all seen GHash.io reach 60%.

  51-attack is not one word, it's an alpha-numeric mash-up.

 Don't be silly.

It's a bit naive to think that three letter agencies with unlimited resources can't carry out a 51-attack if they really want to...

The goal is to make a confirmationless wallet, where all transactions are protected by IX. 51% attacks become much less powerful in that case, they can't really touch IX. That would protect our millions of users we're currently shooting for (valid / non-illegal users btw), which leaves an attacker one option... to buy masternodes to attack Dash. We know how that will go.

We really do have an end-to-end solution to all problems within crypto now. I'm working on a 50+ page whitepaper that details the rest of the solution, I'm quite excited about it  

Here's another one for good measure. We have sub-quorums for super secure tasks, but we could implement full-quorum based actions the masternode network can take as a whole. For example, banning attacking pools from the network, people, countries, etc.

Thanks, finally a sane answer. I'll wait for the white paper  

Obviously you are in the crypto football fanclub.
"you have cash - you can buy drugs"       =          "you have a penis - let me convict you for being a rapist"