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

[kointrend]

Oooh, 3 months... still, 50 pages is a lot of writin'

We already introduced some of the concepts of Evolution in Amsterdam, the videos of the presentation should come out soon.  Besides the presentations in Amsterdam we had meetings with people from the industry and they were really impressed with the work Dash is doing. As a result of those meetings the idea to give Dash Evolution a proper introduction to the world in the next North American Bitcoin conference came to fruition.

This is a very prestigious event with a history of high profile speakers so we are really looking forward to this keynote.

Everyone on the team is really excited about the project we just came back from Europe Thursday night so more material will be coming out over the next couple of weeks, as everyone gets up to speed.

I would just like to remind everybody that this conference is where Ethereum was announced two years ago. Vitalik was literally mobbed after giving his speech, and the interest in the project soared so much that they cancelled the impending presale so they could "do it right" given the huge amount of interest he generated.

Thanks.

[cryptonewb]

question:

What % of the number of transactions are darksend transactions?

I want to know this, because fungibility depends on it... I learned that monero has mixing by default. What's more, mixing can be done client side (and even offline). So I want to know how DASH compares...

I mean, XMR tech seems to be solid, but DASh clearly has the first mover advantage and also offers other things like InstantX and a GUI. So for now I'll stick to DASh as long as the tech is usable and not flawed

I don't think the fungibility of Dash necessarily depends on which proportion of transactions are darksend transactions. The traceability of funds depends on the number of rounds of darksend mixing they go through. The more rounds of mixing, the more difficult it is to trace. If you receive funds which are then "blacklisted" you can always put the questionable funds through as many rounds of mixing as you want, then it will be impossible to say for sure that the funds that you hold are the blacklisted funds, as they will have passed through many different addresses in many different transactions.

One important difference between Dash and CryptoNote mixing is that with Dash it is done off chain by the Masternodes, as opposed to the on-chain mixing CryptoNote currencies use. I don't know enough about CryptoNote to go in to it in much detail, but I believe that while it may be impossible to trace transactions today, in the future the technology may exist to trace all mixing which has ever happened as it recorded in the blockchain.

All DASH transactions are engraved in the blockchain as well, so that doesn't really make a difference.

Transactions yes, but the mixing (linking inputs to outputs) is not. i.e. simplest example 3 people (A, B, and C) are involved in the mixing, the inputs to the mixing transaction are a, b, and c respectively. They are coins they got from a KYC source, i.e. they are not anonymous coins. A mixing transaction is constructed that will have outputs to fresh new addresses d, e, and f. Now when the money in d is spent, there is nothing in the blockchain from which could be determined to whom (A, B, or C) the d belongs to.

In reality it's more complicated than that as there are multiple mixing rounds, multiple inputs and outputs, and multiple different people mixing.

As for as I understand, with  cryptonote mixing you also can't determine which input is the real one. It seems that every transaction is mixed by default without needing a masternode. It's another approach, but I think in the end, DASH should try to incentivise every node to mix. seems like a better approach because every input will be fungible.
Having non-fungible coins on a network makes it vulnerable to blacklisting: some service could refuse mixed coins...

Did someone already answer my question about the possibility of idle masternodes? I asked if it is theoretically possible to have a masternode online that doesn't do the required work (intantX confirmations and mixing) but still receiving masternode rewards. There was so much trolling I probably missed the answer...

[oaxaca]

Did someone already answer my question about the possibility of idle masternodes? I asked if it is theoretically possible to have a masternode online that doesn't do the required work (intantX confirmations and mixing) but still receiving masternode rewards. There was so much trolling I probably missed the answer...

All nodes in the masternode network are in constant communication with each other.  They are "used" in a deterministic order when there is "work" to do.  This means that there are no idle masternodes.

[TanteStefana2]

Brainstorming..... thinking....
  
What function(s) - other than mining - could the GPU miners preform, for the DASH network?
Could they be reconfigured to preform, any other service(s), other than what services we currently have now?

What do you see as possibilities?
...if any.

Make a huge virtual world server, by utilizing their cpus and memory?  Make a rendering farm?  Rent it out to studios? Oops, actually, a rendering farm would use the GPU, but you could use the cpu to run servers?

[TanteStefana2]

Oooh, 3 months... still, 50 pages is a lot of writin'

I'm pretty sure both papers, the 50 pager and 25 pager are pretty much all ready written (hence knowing the size) but it's all hush hush until release   Or at least testing time

[Jestah]

Brainstorming..... thinking....
  
What function(s) - other than mining - could the GPU miners preform, for the DASH network?
Could they be reconfigured to preform, any other service(s), other than what services we currently have now?

What do you see as possibilities?
...if any.

Make a huge virtual world server, by utilizing their cpus and memory?  Make a rendering farm?  Rent it out to studios? Oops, actually, a rendering farm would use the GPU, but you could use the cpu to run servers?

That's actually a very interesting idea.

[AzzAz]

Pure awesomeness

Hopefully this is funded as part of governance? 

If not, the costs of the travel, attendance etc. should be covered.
[/quote]
 You forgot, Evan instamined zillions :-)

[kointrend]

3282 Masternodes. Is it ATH?

Nope, it's 3288!
http://178.254.18.153/~pub/masternode_count.png

[TanteStefana2]

Brainstorming..... thinking....

What function(s) - other than mining - could the GPU miners preform, for the DASH network?
Could they be reconfigured to preform, any other service(s), other than what services we currently have now?

What do you see as possibilities?
...if any.

Making GPU manufacturers exceedingly wealthy? Combining in a GPU megacluster to play counterstrike at 4x10^100 x 6x10^100 resolution? There was big market for GPGPU servers at one stage, no idea what they where being used for and how the market is now but there could be a cloud computing type market there.

I have to admit, that if I had the money, I'd be making a rpi super computer, LOL (there is a professor and his students that did that (created an OS so it could all talk to one another, pretty freakin cool)

[illodin]

A PR activist of another coin made a claim that InstantX is not safe and seems to have a lot of flaws. Anyone happen to know what these flaws are that he is talking about?

instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.

[TanteStefana2]

I would just like to remind everybody that this conference is where Ethereum was announced two years ago. Vitalik was literally mobbed after giving his speech, and the interest in the project soared so much that they cancelled the impending presale so they could "do it right" given the huge amount of interest he generated.

Really?  Does that mean we might finally be heard?  I just want Evan to get a little respect.  LOL

[TanteStefana2]

A PR activist of another coin made a claim that InstantX is not safe and seems to have a lot of flaws. Anyone happen to know what these flaws are that he is talking about?

instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.

Sorry, there are no flaws and in fact instantX's performance is what Evolution, the next stage of Dash are built upon.  So that person has no idea of what he speaketh

I just checked the link and realized you got me, you bugger!  LOL

[dnaleor]

A PR activist of another coin made a claim that InstantX is not safe and seems to have a lot of flaws. Anyone happen to know what these flaws are that he is talking about?

instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.

Sorry, there are no flaws and in fact instantX's performance is what Evolution, the next stage of Dash are built upon.  So that person has no idea of what he speaketh

I just checked the link and realized you got me, you bugger!  LOL

Lol, was going to quote a point one of the others brought up and thought better of it It's not only 6 folks providing liquidity for mixing dumbasses, its 6 folks funded by the worlds first Decentralized Autonomous Organization to provide liquidity, there's hundreds mixing ensuring fungibility today and thousands are just months away.

1) the fact that you need liquidity providers to have somewhat usable mixing (still very slow) shows clearly that your system is flawed
2) the "decentralized autonomous organization" is neither decentralized, nor autonomous as it requires a "fund manager" for the liquidity providers.
3) instantX is a crazy form of "proof of stake" which is just flawed by design. You can't get consensus when miners decide to mine a double spend in stead of the "locked" transaction.

[TanteStefana2]

A PR activist of another coin made a claim that InstantX is not safe and seems to have a lot of flaws. Anyone happen to know what these flaws are that he is talking about?

instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.

Sorry, there are no flaws and in fact instantX's performance is what Evolution, the next stage of Dash are built upon.  So that person has no idea of what he speaketh

I just checked the link and realized you got me, you bugger!  LOL

Lol, was going to quote a point one of the others brought up and thought better of it It's not only 6 folks providing liquidity for mixing dumbasses, its 6 folks funded by the worlds first Decentralized Autonomous Organization to provide liquidity, there's hundreds mixing ensuring fungibility today and thousands are just months away.

I was actually editing my answer with a detailed description on how IX works, when I looked up, saw Illodin's name, and thought WTF, he knows where to find this info, then hit the link and knew I was had, LOL.

[Lebubar]

A PR activist of another coin made a claim that InstantX is not safe and seems to have a lot of flaws. Anyone happen to know what these flaws are that he is talking about?

instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.

Sorry, there are no flaws and in fact instantX's performance is what Evolution, the next stage of Dash are built upon.  So that person has no idea of what he speaketh

I just checked the link and realized you got me, you bugger!  LOL

Lol, was going to quote a point one of the others brought up and thought better of it It's not only 6 folks providing liquidity for mixing dumbasses, its 6 folks funded by the worlds first Decentralized Autonomous Organization to provide liquidity, there's hundreds mixing ensuring fungibility today and thousands are just months away.

1) the fact that you.....

Ah dnaleor, how are you son?

Looks like you are on shift for monitoring the DASH forum.  Don't deny you guys have a roster now,  i think it's cute.

Say hi to fluffy for me!

Hmmm.
Interesting let me try, this seem easy :
-Monero is flawed by design.

O.o it's easy, I'm good?

[iCEBREAKER]

A PR activist of another coin made a claim that InstantX is not safe and seems to have a lot of flaws. Anyone happen to know what these flaws are that he is talking about?

instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.

It's a copy of GreenAddress in the same way a cargo cult's bamboo runway is a copy.

-Peter Todd on InstantX

[Lebubar]

Dash Evolution to be officially announced on the North American Bitcoin Conference in Miami next January. Don't miss it!



http://btcmiami.com/speakers/

https://dashtalk.org/threads/dash-evolution-official-announcement-next-january-in-miami.6415/#post-70942

The meeting is 2 days long?
Miami not so far from where I'm, but .. January don't think I could go.

[Bridgewater]

What's the bitcoin rally about this time then ?

Keeps adding $10 a day.

Dash is proving very resistant to this rally and managing to ride the fiat wave for the most part. Almost no volume on the dips. Valuation tight-elastic.

(But I'd still like to know what's driving it: TA ? (1-week EMA crossover), Gemini ?, China safe-havens ? Public panic ? The media -throwing-in-the-towel-on-trying-to-convince-people-of-a-distinction-between-"blockchain-tech"-and-bitcoin ?.....add your favourite fundy.

the last auction of silk road coins is coming up on Nov 5th, they are pumping up the price so the bidders pay top dollar

That was my first guess, but we also need to remember that the block halving is finally approaching and it must get priced-in at some point.  Either the mining costs get cheaper, the hashrate drops or the price must go up. I don't think the current miners are going anywhere, so if something's gotta give it's going to be price.

[Bridgewater]

Brainstorming..... thinking....

What function(s) - other than mining - could the GPU miners preform, for the DASH network?
Could they be reconfigured to preform, any other service(s), other than what services we currently have now?

What do you see as possibilities?
...if any.

Making GPU manufacturers exceedingly wealthy? Combining in a GPU megacluster to play counterstrike at 4x10^100 x 6x10^100 resolution?

Damn, that's a mighty big display!

I saw a strange dot in the northern sky yesterday. Guess it must have been a stuck pixel.

[noobtrader]

Brainstorming..... thinking....

What function(s) - other than mining - could the GPU miners preform, for the DASH network?
Could they be reconfigured to preform, any other service(s), other than what services we currently have now?

What do you see as possibilities?
...if any.

Making GPU manufacturers exceedingly wealthy? Combining in a GPU megacluster to play counterstrike at 4x10^100 x 6x10^100 resolution?

Damn, that's a mighty big display!

I saw a strange dot in the northern sky yesterday. Guess it must have been a stuck pixel.

minecraft server could be run on top of MN i think...?