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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9723481 times)
TanteStefana2
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October 09, 2015, 04:18:39 PM

I'd like to chime in now Smiley

All security is inherited from the mining network, which basically is deterministically setting up the quorum system, in a way that is provable. For example when you use DAPI, it will do something like create a transaction from Xaddr1 to Xaddr2 for 10 DASH. You then get back your command, a result status and all of the signatures from the quorum participants. You as the end user will know what quorum is activated for that node already, so you can tell if they're lying.

In terms of scalability, if we have 3300 masternodes and a quorum size of 10, that means we can handle 330 requests at once. If the average time per request is about 100 ms, that means we can do 3300 requests per second. The estimate is based on the fact that the network is also doing maintenance at all times (propagating blocks, shard updates, syncing clients, etc), so I'm guessing ~50% of a fully utilized network will go to other activities. Therefore we end up with 1650 requests per second.

Also we're going to aim for your average every day user, so we're talking just a few requests per month. So how many users can we support if they use 15 requests per month? 86400*1650*30/15 = 285,120,000. Ok, 285 million, that's pretty good.

What about reducing the collateral to 500 DASH? Now we have 6600 masternodes and can handle 570 million users. Isn't the masternode count going up anyway? Yep. That number should hit about 700M about when we launch. This is why it says 500-1500 tx per second, I guess that should say "requests per second" because it's not really accurate. Also the 700M should be a range also, that's the high end, the low end is 285M for current Dash requirements.

I've done a lot of guesswork to figure out these numbers, we'll see how close I am when we start seeing some serious adoption. Either way the system is built to scale with adoption in a way nothing else can, it should be pretty cool. I figure if we start to see a good deal of adoption and usage, we'll always either ask for more storage, processing power or reduce the collateral to split the network before it becomes an issue . They'll be good problems to have and we'll have lots of solutions available.

Full bump 'cause I can't believe it hasn't been bumped in 5 pages Smiley

I'm not sure that works. But perhaps I'm missing something.

If you half the collateral, it doesn't follow that you double the masternodes.

First, the block reward hasn't changed, so the revenue to run nodes remains the same overall.

Second, going from one MN to two would potentially double the cost to run them - you have to ignore any speculation on price increases, although it would (speculating) potentially go up with real world adoption.

So, one server goes to two servers, but the reward remains the same.

If you introduce a micro fee, that would enable the network to scale with a reduction in collateral requirement.
and
if one server became two servers i would pay 10 USD per month renting costs instead of 5 USD but also the increase in masternodes (from 3300 to 6600) will automatically
force lower MN rewards for everyone, will it not ? 

When the time comes that we need to increase the Masternode network, even the need for a VPS with 4 or 8 X the specs we're using now will not be an issue.  The price would be much higher, thus a $100 a month investment in infrastructure will be nothing.  And prepare yourselves, because Masternodes are going to be used for a lot of things in the future.  It's going to be like Evan has said many times, like running a small company.  There will undoubtedly also be other income streams for Masternodes in the future, eventually overcoming the small block rewards.

So doubling up on VPS or machines isn't going to be a factor for anything except scaling.  Also, at this point, there is no foreseeable need to increase the Masternode count. It's just good to know that not only can we easily scale, we can do it at the drop of a hat.


And finally, because it's awesome:

I must say, I've never even contemplated bitcoin not being "the one", but for the first time Im starting to entertain the idea.

Its high marketcap has ironically lead to an atrophying maintenance paradigm combined with an impoverished solutions pool for tackling future challenges.

The central problem is that there's been a consensus emerging that bitcoin should "not be touched". Scaling, functional diversity, governance and privacy must all be dealt with through external 'boilerplating' because everyone's sh*t scared to adversely impact its marketcap.

But maybe its marketcap is about to be compromised anyway. That consensus could be wrong.

The roadmap that Dash has just unveiled raises the opportunity cost of that consenus by an order of magnitude because we are talking here about very fundamental protocol level inhibitors to adoption which are endemic to Bitcoin, now being addressed in Dash. The reason that's significant is that Dash is a compatible clone which can plug straight into the Bitcoin commercial ecosystem. I wrote a bit a while back about the sociological need for money to be seen to function effectively as cash before it can form a sustainable basis for credit. (In bitcoin, for 'credit' read every type of off-blockchain secondary manifestation from sidechains to ETF's to the Lightning network).

Well the Evolution roadmap puts all those requirements squarely in its sights. It represents an unambigious prescription for cash - not for credit, nor a settlement layer, nor any boiler-plated hybrid. Maximum openness, maximum fungibility (giving rise to maximum anonymity), instant transfer and universal accessibility at the base monetary layer are what characterise the medium known to the general public as 'cash'.



If it reaches a successful implementation, you can forget about trolls because the value won't be speculative anymore. It will be driven by a completely different type of market that's more far more interested in immediate commercial priorities than any squabble-threaded exchange on bitcointalk.

IMO, last night's roadmap staked out a territory that's concerned with commercial adoption, not popularity contests. It also drove a fleet of tanks straight onto the lawn that bitcoin's devs vacated in fear - protocol level specialisation.

Say what you like about the risks, but there comes a point in the risk-reward seesaw when the latter end of it just gets too big to ignore. If Dash pulls off what was on that slide, it will have turned the see-saw into a catapault.




I have, what I think was an advantage.  I started reading up about bitcoin in late December 2013.  Already, there was complaint on how slow things were moving, that Bitcoin was stagnant.  When we saw Evan's proposal in the alt announcement thread, it sounded good to me, so what the heck?  I tried to be there at the launch but failed, LOL, still, something about his apparent ADD endeared him to me.  Yes, that means agreeing to someone that he should launch later and let everyone know when he does.  I doubt he saw the rest of the sentence where the guy said he had to go to sleep.  Anyway, Evan reminded me of myself when I have a bee in my bonnet and have to get it solved.  (had one only last night).  And, as the months passed, I knew he'd be the one!  Satochi's newer, better, bigger replacement Tongue  I was saying things like it's going to be the #1 coin, which sounds so funny now, but I was convinced.  I still am convinced that Dash will be #1, but that I was so convinced back then is ... cute ;P  Frankly it's by far more luck than anything that I'm here Smiley

Another proud lifetime Dash Foundation member Smiley My TanteStefana account was hacked, Beware trading
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dashwhale
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October 09, 2015, 04:26:21 PM

Enhanced Dashwhale proposal editor

Good news for DASH proposal owners. We integrated a WYSIWYG Editor, that allows you to fully style your proposal description and add images and videos.

Check out the Screenshot:
https://www.dashwhale.org/downloads/dw_screenshot9.png


https://www.dashwhale.org - masternode monitoring and budget voting
ddink7
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October 09, 2015, 04:29:00 PM

...
Quote

Proposal:
If the bitcoin community can fix its governance it will succeed, if it cannot it will lose its throne to another crypto.
--Sure thing...but good luck. They've been arguing about block size for two years, and malleability has been a known problem for four. It's not that these problems are impossible to solve technically--Dash proves that they aren't. The problem is that the Bitcoin devs and community simply do not innovate for political reasons.

I'd add that they also can't afford to make any sudden moves, they're right under the spotlight and even something as trivial as a miss-worded forum post will be plastered all over the headlines. Maybe once a few of the entrenched financial crowd come out with their proprietary "blockchain technology" and make some epic screwups then the spotlight will shift and let Bitcoin take a few risks and advance but for now they're stuck.

I'm really surprised there hasn't been some focus on improving the decision making though, when I first looked at Dash and saw the spork it was a "wow!" moment and then along came the voting and took it to a whole new level, the whole time I'd expected to hear discussions along the same lines from the Bitcoin devs but nada, not a thing or even a hint of anything along the same lines. (maybe I'm missing something there though, I don't keep track of the BIPs}.

That's another great point...Evan has shown that he is quick to react to his mistakes. The "spork" was a reaction to the two failed attempts to hardfork the network when implementing RC3.

You're right about how difficult it is for them to make any sudden moves. Mike Hearn likened it to repairing a train while it is hurdling down the tracks, noting that any mistakes they make could jeopardize billions of dollars worth of investments. He is absolutely right about that.

My prior posts are probably too hard on the Bitcoin devs. They have a difficult job, and I imagine that if Evan just upped and left before fixing the governance model, we probably would have had a difficult time of it too. I still think it was pretty shitty of Satoshi to do that.

Dash has a huge advantage in being second. The second project gets to learn from the successes and failures of the first. The second project can innovate to the extreme, because there's far less investment at risk in the case of failure. In a way, Bitcoin is a victim of it's own success.

Dash - Digital Cash
https://www.dash.org/
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October 09, 2015, 04:32:20 PM

Vid of the presentation @ fintech: https://www.youtube.com/watch?t=2&v=x7ivPegT1Ds

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
TanteStefana2
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October 09, 2015, 04:55:14 PM

Vid of the presentation @ fintech: https://www.youtube.com/watch?t=2&v=x7ivPegT1Ds

Very fast!  I doubt that even the most technically educated on Bitcoin could follow that, LOL.  It was touching the tips of many icebergs and leaving so much unexplained, but hopefully it will get some of those people to research?

Another proud lifetime Dash Foundation member Smiley My TanteStefana account was hacked, Beware trading
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Minotaur26
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October 09, 2015, 05:43:30 PM

Vid of the presentation @ fintech: https://www.youtube.com/watch?t=2&v=x7ivPegT1Ds

Very fast!  I doubt that even the most technically educated on Bitcoin could follow that, LOL.  It was touching the tips of many icebergs and leaving so much unexplained, but hopefully it will get some of those people to research?

This meeting was really cool is just a 4 min pitch followed by 6 min Q&A...It was a very sophisticated audience from outside of crypto so that was really good I think we want to continue to present at Fintech events and not only crypto events.
TanteStefana2
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October 09, 2015, 06:06:12 PM

Vid of the presentation @ fintech: https://www.youtube.com/watch?t=2&v=x7ivPegT1Ds

Very fast!  I doubt that even the most technically educated on Bitcoin could follow that, LOL.  It was touching the tips of many icebergs and leaving so much unexplained, but hopefully it will get some of those people to research?

This meeting was really cool is just a 4 min pitch followed by 6 min Q&A...It was a very sophisticated audience from outside of crypto so that was really good I think we want to continue to present at Fintech events and not only crypto events.

I absolutely agree, just wish there had been more time!  LOL.  Say, we all know now that you have a gorgeous wife, and since I'm an old lady, I figure I can do the asking, LOL.  How is she on presenting Dash?  You really ought to get her to try.  She's probably absorbed a ton just by being with you, and the rest could be done via script ;O)  She'd get invited to TV shows, she's so pretty!  And being a beautiful lady is a great thing.  A gift.

Another proud lifetime Dash Foundation member Smiley My TanteStefana account was hacked, Beware trading
"You'll never reach your destination if you stop to throw stones at every dog that barks."
Sir Winston Churchill  BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d
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October 09, 2015, 06:43:19 PM

...  How is she on presenting Dash?
...
Grin
https://www.youtube.com/watch?v=9NF5XU-k2Vk

Dash is 27.3 times faster with syncing and updating than Bitcoin and 93.7 times faster than Monero. Bitcoin (v0.11.0) has a Tao ratio 11.2% faster than bitcoin (v0.10.0) release.
Dash (v.0.12.0.49) = Tao sync ratio = 0.15 seconds / hour of update || Dash (v.0.11.2.23) = Tao sync ratio = 0.24 seconds / hour of update. V12 versus V11 speedup = +36.5%
Bitcoin (v.0.11.0) = Tao sync ratio = 4.14 seconds / hour of update || Monero (v.0.41.1)  = Tao sync ratio = 14.2 seconds / hour of update
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October 09, 2015, 08:06:25 PM
Last edit: October 09, 2015, 08:28:25 PM by BlockaFett

Icebreaker is Eduardo de Castro, ousted Hashfast scammer: https://bitcointalk.org/index.php?topic=381687.0 / http://www.coindesk.com/hashfast-cuts-50-of-staff-denies-bankruptcy-rumors/

He's been posting here for around 8 months asking people to buy Monero instead of Dash.
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October 09, 2015, 08:10:00 PM


1) Zero confirmation transactions are usually fine. I have never even heard a story of someone trying to do a double spend at an in person transaction. Im pretty sure you are more likely to get a gun pulled on you.


bullshit, Every day I have to deal with this case  Undecided

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iCEBREAKER
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October 09, 2015, 09:04:11 PM

Eduardo, does your prison have internet access, or they haven't sent you there yet?

A US District court judge has approved a fraud trial against Icebreaker aka Eduardo but I don't think it's started yet. http://www.coindesk.com/judge-approves-fraud-claims-against-bitcoin-mining-firm-hashfast/

If only Ryan Kennedy from Mintpal could get the same treatment...


If your posts were about or even mentioned Dash, they would be on-topic.

But they do not.   Undecided

Please stay on-topic!


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October 09, 2015, 09:05:02 PM

This is your problem:

Quote
in less than 8 hours, almost 5% of the Darkcoins that ever will be created spawned in that 1/3 of a day.

It's safe to say Darkcoin has left its investors in the dark on this one.

#r3kt

Some of us nobodies were there, you jealous?

I'm not jealous because I've never been impressed with obfuscation-based mixing/shuffling/tumbling schemes.  They can all be unraveled, especially if trusted third parties like Masternodes are involved.

I'm only interested in trust-free solutions using implementations of zero knowledge proofs and homomorphic functions, such as Monero's ring signatures.

Dash's HYIPy proof-of-stake is another no-go for me, as is its shady instamine and botched launch/emission.

Changing brands is one thing, changing mission statements is another.  This coin has been relaunched more times than the iPhone!

It is fraud to sell Darkcoins based on the promise of privacy, and then suddenly switch to trying to be yet another retail payment rail like Dash.  And then there is this latest "Evolution" gimmick, trying to hop on the popular intelli-hashing Turing-complete smart-chain bandwagon as yet another Ethereum wanna-be.

This project has no solid core.  'Dash' is a verb, not a noun, because it IS only whatever eduffield DOES, nothing more.

Hence the problematic Bus Factor of 1.  If eduffield quits, is arrested for fraud, or hit by a bus, this thing is over.  That makes it a hobbyist's pet project, not a real contender for e-cash.


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"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
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October 09, 2015, 09:05:56 PM

Eduardo, does your prison have internet access, or they haven't sent you there yet?

A US District court judge has approved a fraud trial against Icebreaker aka Eduardo but I don't think it's started yet. http://www.coindesk.com/judge-approves-fraud-claims-against-bitcoin-mining-firm-hashfast/

If only Ryan Kennedy from Mintpal could get the same treatment...


I think the creditors owed by the former principles named (and un-named) have now sniffed out that that these stooges are tied to the hip to a particular crypto.

Older news, but worth noting for those that are following this fraud case:

http://cointelegraph.com/news/113077/venezuelan-politician-buys-out-bankrupt-hashfast

Follow the money trail as they say....


Icebreaker / Eduardo (right) has a partner in crime called Simon Barber (left), CTO of Hashfast:



http://arstechnica.com/tech-policy/2014/05/embattled-ceo-of-bitcoin-miner-firm-we-are-as-poor-as-church-mice/

He had a BCT account https://bitcointalk.org/index.php?action=profile;u=39629 but he stopped using it when gmaxwell gave negative trust on the 'hashfast' and Simon's profile: https://bitcointalk.org/index.php?action=trust;u=11425. (top 2 rows)

Icebreaker got away with the same treatment though, I guess gmaxwell couldn't have known at that time who he was.

I wonder if Simon has an anonymous BCT account too and they work together here on scams like they do in real life?

I also wonder, will the court know that Icebreakers seemingly has a big stash of XMR hidden away, and possibly Simon too?

Sorry, investigating scammers is a hobby of mine, it's kind of relevant because Ice is one of the biggest trolls here Cheesy

Back to Dash....nice presentation today Smiley https://www.youtube.com/watch?t=2&v=x7ivPegT1Ds

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October 09, 2015, 09:17:42 PM


I'm only interested in trust-free solutions using implementations of zero knowledge proofs and homomorphic functions, such as Monero's ring signatures.

I would be too if I was a bank or a spy  Cheesy

(b.t.w. "trust-free" ? Sure. A tech thats bought, built and paid for by the NSA to keep everything 'hidden' is about as trust free as a fox in a hen house. Mind you - they're nice people. I'm sure they'll let you use it to 'protect yourself from them'  Wink  ).
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October 09, 2015, 09:20:28 PM

So much wrong in your last post.

It certainly wasn't worth deleting and reposting, which just proves that this is all a game to you.

How sad and pathetic your life must be, fighting a losing battle against a legit project, having your main investment tank, and getting owned over your BS arguments time and time again.

On top of that, all the real Dash work is done away from this thread. Dash has grown up and expanded to beyond the little world of BCT.

You should grow up as well. Put the broken iPod out of its misery, and rethink your life, because you really come across as one hell of a dick here.

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October 09, 2015, 09:39:57 PM

i was reading that "Icebreaker - Hashfast Employee?" post, noticing people say he didnt post there for some time now so i started to
think .. cool, maybe we got rid of our repetitive troll after all. And then i come here and see no less then 4 posts of him......




the one and only good thing of his posts is that i have them on ignore.

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October 09, 2015, 09:42:39 PM

I do not see Bitcoin as "The One" and I haven't for a long time. Bitcoin was a brilliant start, and Evan is undoubtedly standing on the shoulders of giants. But Bitcoin has too many problems to allow it to "take over." The *only* advantage that Bitcoin has over Dash is its network effect. I admit that network effects are difficult to overcome, but consider:

1) Bitcoin is too slow to use in person-to-person transactions.
2) Bitcoin's fees are too high for it to be used for micropayments.
3) Bitcoin doesn't scale past 7 TPS.
4) Bitcoin's blockchain is huge and it's unlikely to be pruned due to consensus issues.
5) Bitcoin has a very high level of infighting and it's nearly impossible to achieve consensus. As Tok pointed out earlier, the only consensus in the Bitcoin community is that it should be left alone and never changed, updated, improved, or fixed.
6) Bitcoin nodes are disappearing at an alarming rate because they aren't incentivized.
7) Bitcoin's consensus mechanism is under constant risk of attack. Collusion of just two pools would allow double-spends.
Cool Long-standing issues like transaction malleability still have not been cleared up, and there's no sign that Bitcoin developers have any interest in fixing them.
9) Bitcoin's governance model is deeply flawed. Funding comes from centralized sources (Foundation and MIT) and governance is dangerously fragmented between often-hostile devs.
10) Bitcoin is and always will be traceable. People don't want the world knowing the details of their finances, and as more people move into crypto this will become a bigger and bigger issue. "You mean everybody can see how much money I have and where I sent it if they know my address?"
11) Bitcoin devs and maximists have their heads buried in the sand and refuse to accept that Bitcoin might not be the solution for everything. It's analogous to the situation in World War II when Japanese admirals were too scared or proud to report their actual losses, and so their high command kept making decisions based on incorrect information.
12) Centralization and censorship in the community. Theymos has managed to grab ownership of BCT and the subreddit and regularly censors any voices he disagrees with (case-in-point: anyone who talked about Bitcoin-XT).
13) Bitcoin is complicated to use and understand for a neophite. We all remember how long it took us to fully wrap our heads around everything.

Dash already solves many of these problems, and Dash Evolution will solve the rest of them:

1) Dash has InstantX, which allows transactions to be fully confirmed in about four seconds.
2) Dash Evolution apparently has no fees (information from the slide).
3) Dash Evolution will scale to 1500+ TPS.
4) Dash Evolution is likely to use pruning at some point (Evan has spoken about this before and says pruning is definitely possible).
5) Dash enables masternode owners to vote and express their opinions in a binding fashion using the decentralized budgeting system.
6) Dash nodes (masternodes) are incentivized and the number grows daily. The growth will eventually taper, but there is very little chance of numbers declining due to the significant incentivization.
7) Dash Evolution will have a confirmationless wallet using InstantX locks for all transactions. Even if one entity gets 51% or more of the network's hash power, it will be impossible to double-spend.
Cool Dash developers regularly incorporate fixes as the problems are discovered. A great example of this was the "dead change" issue that Aswan discovered last year. It was fixed very rapidly.
9) Dash uses Decentralized Governance by Blockchain to enforce good governance and to pay developers directly from the blockchain. It's decentralized and trustless.
10) Dash users have the option of using Darksend to anonymize their transactions, and Dash Evolution will build this anonymity into the protocol itself, making all transactions anonymous by default.
11) Dash regularly incorporates new ideas from the community and from other cryptos, or even from the trolls in our own community. Evan has actually said that many of his best ideas came from the arguments trolls were trying to use against us.
12) This thread is unmoderated, and Dashtalk, while moderated, has no history of censorship.
13) Dash Evolution will be using a decentralized API to make the network trivial to use for newbies (information comes from presentation slide...I don't know how this works yet, but I do know that Evan has previously said that making Dash easy to use was a priority).

Good points.

Can somebody produce a nice infographic (Dash vs Bitcoin) based on  this type of comparison?

I'm going to create a DASH v Bitcoin infographic based on the info above, but before I continue, what do people think of the initial design? be truthful and if you have ideas of how the data can be represented, please speak up.

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October 09, 2015, 09:47:47 PM

I do not see Bitcoin as "The One" and I haven't for a long time. Bitcoin was a brilliant start, and Evan is undoubtedly standing on the shoulders of giants. But Bitcoin has too many problems to allow it to "take over." The *only* advantage that Bitcoin has over Dash is its network effect. I admit that network effects are difficult to overcome, but consider:

1) Bitcoin is too slow to use in person-to-person transactions.
2) Bitcoin's fees are too high for it to be used for micropayments.
3) Bitcoin doesn't scale past 7 TPS.
4) Bitcoin's blockchain is huge and it's unlikely to be pruned due to consensus issues.
5) Bitcoin has a very high level of infighting and it's nearly impossible to achieve consensus. As Tok pointed out earlier, the only consensus in the Bitcoin community is that it should be left alone and never changed, updated, improved, or fixed.
6) Bitcoin nodes are disappearing at an alarming rate because they aren't incentivized.
7) Bitcoin's consensus mechanism is under constant risk of attack. Collusion of just two pools would allow double-spends.
Cool Long-standing issues like transaction malleability still have not been cleared up, and there's no sign that Bitcoin developers have any interest in fixing them.
9) Bitcoin's governance model is deeply flawed. Funding comes from centralized sources (Foundation and MIT) and governance is dangerously fragmented between often-hostile devs.
10) Bitcoin is and always will be traceable. People don't want the world knowing the details of their finances, and as more people move into crypto this will become a bigger and bigger issue. "You mean everybody can see how much money I have and where I sent it if they know my address?"
11) Bitcoin devs and maximists have their heads buried in the sand and refuse to accept that Bitcoin might not be the solution for everything. It's analogous to the situation in World War II when Japanese admirals were too scared or proud to report their actual losses, and so their high command kept making decisions based on incorrect information.
12) Centralization and censorship in the community. Theymos has managed to grab ownership of BCT and the subreddit and regularly censors any voices he disagrees with (case-in-point: anyone who talked about Bitcoin-XT).
13) Bitcoin is complicated to use and understand for a neophite. We all remember how long it took us to fully wrap our heads around everything.

Dash already solves many of these problems, and Dash Evolution will solve the rest of them:

1) Dash has InstantX, which allows transactions to be fully confirmed in about four seconds.
2) Dash Evolution apparently has no fees (information from the slide).
3) Dash Evolution will scale to 1500+ TPS.
4) Dash Evolution is likely to use pruning at some point (Evan has spoken about this before and says pruning is definitely possible).
5) Dash enables masternode owners to vote and express their opinions in a binding fashion using the decentralized budgeting system.
6) Dash nodes (masternodes) are incentivized and the number grows daily. The growth will eventually taper, but there is very little chance of numbers declining due to the significant incentivization.
7) Dash Evolution will have a confirmationless wallet using InstantX locks for all transactions. Even if one entity gets 51% or more of the network's hash power, it will be impossible to double-spend.
Cool Dash developers regularly incorporate fixes as the problems are discovered. A great example of this was the "dead change" issue that Aswan discovered last year. It was fixed very rapidly.
9) Dash uses Decentralized Governance by Blockchain to enforce good governance and to pay developers directly from the blockchain. It's decentralized and trustless.
10) Dash users have the option of using Darksend to anonymize their transactions, and Dash Evolution will build this anonymity into the protocol itself, making all transactions anonymous by default.
11) Dash regularly incorporates new ideas from the community and from other cryptos, or even from the trolls in our own community. Evan has actually said that many of his best ideas came from the arguments trolls were trying to use against us.
12) This thread is unmoderated, and Dashtalk, while moderated, has no history of censorship.
13) Dash Evolution will be using a decentralized API to make the network trivial to use for newbies (information comes from presentation slide...I don't know how this works yet, but I do know that Evan has previously said that making Dash easy to use was a priority).

Good points.

Can somebody produce a nice infographic (Dash vs Bitcoin) based on  this type of comparison?

I'm going to create a DASH v Bitcoin infographic based on the info above, but before I continue, what do people think of the initial design? be truthful and if you have ideas of how the data can be represented, please speak up.



Sorry, i got distracted by those three girls below on the promoted content, whats your question again ?  Grin

Nah, looks good although personally i would have typed bitcoin as Bitcoin and maybe make it Bitcoin versus Dash and not Dash versus Bitcoin.
But thats just my own opinion.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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October 09, 2015, 09:54:42 PM

I'm going to create a DASH v Bitcoin infographic based on the info above, but before I continue, what do people think of the initial design? be truthful and if you have ideas of how the data can be represented, please speak up.



Sorry, i got distracted by those three girls below on the promoted content, whats your question again ?  Grin

Nah, looks good although personally i would have typed bitcoin as Bitcoin and maybe make it Bitcoin versus Dash and not Dash versus Bitcoin.
But thats just my own opinion.

The bitcoin word was taken from their promotional graphics and I was surprised they didn't use a upper-case B either.

I think you're right about DASH being on the right as people naturally look to the right.

Thanks for your input.
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October 09, 2015, 10:30:47 PM

I do not see Bitcoin as "The One" and I haven't for a long time. Bitcoin was a brilliant start, and Evan is undoubtedly standing on the shoulders of giants. But Bitcoin has too many problems to allow it to "take over." The *only* advantage that Bitcoin has over Dash is its network effect. I admit that network effects are difficult to overcome, but consider:

1) Bitcoin is too slow to use in person-to-person transactions.
2) Bitcoin's fees are too high for it to be used for micropayments.
3) Bitcoin doesn't scale past 7 TPS.
4) Bitcoin's blockchain is huge and it's unlikely to be pruned due to consensus issues.
5) Bitcoin has a very high level of infighting and it's nearly impossible to achieve consensus. As Tok pointed out earlier, the only consensus in the Bitcoin community is that it should be left alone and never changed, updated, improved, or fixed.
6) Bitcoin nodes are disappearing at an alarming rate because they aren't incentivized.
7) Bitcoin's consensus mechanism is under constant risk of attack. Collusion of just two pools would allow double-spends.
Cool Long-standing issues like transaction malleability still have not been cleared up, and there's no sign that Bitcoin developers have any interest in fixing them.
9) Bitcoin's governance model is deeply flawed. Funding comes from centralized sources (Foundation and MIT) and governance is dangerously fragmented between often-hostile devs.
10) Bitcoin is and always will be traceable. People don't want the world knowing the details of their finances, and as more people move into crypto this will become a bigger and bigger issue. "You mean everybody can see how much money I have and where I sent it if they know my address?"
11) Bitcoin devs and maximists have their heads buried in the sand and refuse to accept that Bitcoin might not be the solution for everything. It's analogous to the situation in World War II when Japanese admirals were too scared or proud to report their actual losses, and so their high command kept making decisions based on incorrect information.
12) Centralization and censorship in the community. Theymos has managed to grab ownership of BCT and the subreddit and regularly censors any voices he disagrees with (case-in-point: anyone who talked about Bitcoin-XT).
13) Bitcoin is complicated to use and understand for a neophite. We all remember how long it took us to fully wrap our heads around everything.

Dash already solves many of these problems, and Dash Evolution will solve the rest of them:

1) Dash has InstantX, which allows transactions to be fully confirmed in about four seconds.
2) Dash Evolution apparently has no fees (information from the slide).
3) Dash Evolution will scale to 1500+ TPS.
4) Dash Evolution is likely to use pruning at some point (Evan has spoken about this before and says pruning is definitely possible).
5) Dash enables masternode owners to vote and express their opinions in a binding fashion using the decentralized budgeting system.
6) Dash nodes (masternodes) are incentivized and the number grows daily. The growth will eventually taper, but there is very little chance of numbers declining due to the significant incentivization.
7) Dash Evolution will have a confirmationless wallet using InstantX locks for all transactions. Even if one entity gets 51% or more of the network's hash power, it will be impossible to double-spend.
Cool Dash developers regularly incorporate fixes as the problems are discovered. A great example of this was the "dead change" issue that Aswan discovered last year. It was fixed very rapidly.
9) Dash uses Decentralized Governance by Blockchain to enforce good governance and to pay developers directly from the blockchain. It's decentralized and trustless.
10) Dash users have the option of using Darksend to anonymize their transactions, and Dash Evolution will build this anonymity into the protocol itself, making all transactions anonymous by default.
11) Dash regularly incorporates new ideas from the community and from other cryptos, or even from the trolls in our own community. Evan has actually said that many of his best ideas came from the arguments trolls were trying to use against us.
12) This thread is unmoderated, and Dashtalk, while moderated, has no history of censorship.
13) Dash Evolution will be using a decentralized API to make the network trivial to use for newbies (information comes from presentation slide...I don't know how this works yet, but I do know that Evan has previously said that making Dash easy to use was a priority).

Good points.

Can somebody produce a nice infographic (Dash vs Bitcoin) based on  this type of comparison?

I'm going to create a DASH v Bitcoin infographic based on the info above, but before I continue, what do people think of the initial design? be truthful and if you have ideas of how the data can be represented, please speak up.



Wow.
I do like it! Breathtaking start!  Smiley

Initially I thought to place everything on 1 page, but really too many information - impossible...
So if you will do it "one page for each point, with detailed text explanation - in may become super cool "infographic presentation"!

Maybe better to produce it in "landscape" format, not "portrait" - so it will be possible to use as presentation on full screens.
And please make texts editable - possible to translate on other languages later.  Cool

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