toknormal
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November 30, 2015, 11:19:29 AM Last edit: November 30, 2015, 11:30:12 AM by toknormal |
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The barrier to entry does not apply to precious metals. You are not comparing like with like. Precious metals are not revenue earning masternodes. You can invest in any fraction of Dash just the same as you can buy a gram of gold. Masternodes are a network service which require collateral. The network doesn't care about who owns that collateral or if one or more entities collateralise a masternode address. That isn't a "barrier to entry", it's a value added revenue source for existing coin holders. (Note the word "existing" as in 'already invested in the asset'). Furthermore, the masternode network benefits all stakeholders - not just those who opt to collateralise the masternode addresses. It benefits end-users by massively enhancing the network versatility and performance. It benefits non masternode investors by providing a complimentary reserve market to stabilise the pure currency one. It benefits the development team by providing continuity of governance and a revenue stream. So stop with your 'barrier to entry' crap and recycled yesterday's fud.
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patrolman
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November 30, 2015, 11:34:01 AM |
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Your point is MOOT. The whole discussion was about ACTUALLY OWNING a masternode. And the BARRIER to entry that DASH presents users of ACTUALLY owning a master node as opposed the non-barrier of owning any size portion of gold you want (gram, mg, etc). You can hold gold in your possession in a tiny quantity. You can't do that with a MASTERNODE. The barrier to entry does not apply to precious metals. The barrier does exist with Masternodes of Dash. If you purchase a "share" of a masternode from a 3rd party you have the following problems: 1. It is not in your possession. 2. You don't actually control it (no matter how much a 3rd party tells you that you have a say). They can vote/use it how they want. You are attempting to prove that my statement about Toknormal's broken logic was unjustified because "people can buy into the theatrics of owning a portion of a masternode via a 3rd party centralized service". You failed miserably to make your point sir. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Try buying any shares today without a trusted 3rd party and you'll have to deal in person only. We do not live in a decentralised world just yet. Perhaps in the future the will be some sort of option for masternodes similar to preferred stock and common stock will be possible, in which common stockholders receive voting rights in exchange for a smaller payout compared to preferred stockholders. I'm not sure why you're talking about gold, are you trying to sell some coins? Gold is inferior to cryptocurrencies in many ways. To list a few: - It is divisible, but not really in a practical sense for most gold holders, shaving off a little to make a micropayment would lead to the stated weight being inaccurate - I imagine most purchases of gold are by weight and the weight of each piece usually appears somewhere on the piece, but correct me if I'm wrong.
- It is not convenient to send, certainly not in large quantities without spending quite significant amounts to ensure its arrival
- It is possible to conterfeit, for example by gold plating tungsten bars
Gold certainly has some great qualities but it is not the holy grail that every other asset should aspire to.
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Sub-Ether
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November 30, 2015, 12:37:52 PM |
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My points are MOOT.
Try buying any shares today without a trusted 3rd party and you'll have to deal in person only. We do not live in a decentralised world just yet. Perhaps in the future the will be some sort of option for masternodes similar to preferred stock and common stock will be possible, in which common stockholders receive voting rights in exchange for a smaller payout compared to preferred stockholders. I'm not sure why you're talking about gold, are you trying to sell some coins? Definitely an example of a little bit of knowledge is a dangerous thing. It could be either he is a gold bug or he is alluding to the fact that M______ is worth its (virtual) weight in gold.
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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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tungfa
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November 30, 2015, 12:39:44 PM |
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Sub-Ether
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November 30, 2015, 12:49:45 PM |
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And thanks to Wolf0 and Reuben because there are blatant similarities along the way ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I tried to collect as many useful sources and links as possible but there is much more and its constantly changing. P.S. Ooo and a big shout out to that Kesha dude for uploading the mysterious but very quick alternative sgminer version ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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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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aigeezer
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November 30, 2015, 01:05:11 PM |
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Anyone using Dashminer with the new AMD Crimson driver? I was getting crashes, freezes, restarts - lots of grief - and have shut down Dashminer for now. I just received an article claiming the new driver is dangerously buggy, and I'm inclined to believe it. "The Crimson Drivers are supposedly limiting fan speed of the Graphics Cards which are causing them to overheat and die before the user can realize it. Drivers are overiding user setting and setting fan speeds to just 20%" Potentially, a very expensive problem. http://gearnuke.com/amds-new-crimson-drivers-bugged-killing-graphics-cards-report/
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BagHolder010
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Best IoT Platform Based on Blockchain
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November 30, 2015, 01:41:46 PM |
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How do you associate our posts here with Monero?
because you're all associated with Monero, and you're only here because DASH is battering XMR in market cap. I believe their hate is what motivates them the most. Since no work is been done on their coin
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arielbit
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November 30, 2015, 02:22:18 PM |
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So now we're resorting to trolling me, really? I lurked BCT long before I registered thank you very much, not that I need prove anything else for that matter.
so you and your circle jerk buddies just lurk there in the dark and...boom suddenly you all registered when darkcoin was released? c'mon you can do better than that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I'll leave one final post on this matter: Yep, pretty much the only way to post those logos. Never had a need to register here since I was on HardForum (lurked there for years before registering in Nov 2013) and didn't feel the need to post to add anything... If I recall my story in crypto, I started mining LTC/FTC/DGC/DOGE, then multimining alts for BTC with Wafflepool/Middlecoin/ScryptGuild, rolled the proceeds into BC/BLK, rode that up and got pretty deep into DRK around 0.000138-.00014 (and anyone could have for that matter as I remember the price sticking around there for months before it's epic May rise). Everything about that REKT post still holds true. I didn't mine it at launch, I wasn't aware of the instamine in the beginning because XCoin wasn't even on my radar before it name changed and I had the BTC available to purchase some. It sucked that the launch was the way it was.... I think everyone wishes they could have mined it back in the beginning but hindsight is 20/20. I got involved into Darkcoin at the time because there really wasn't anything around that filled the privacy niche, the core driver of my investment. It's no different than me holding SDC and XMR... as a matter of fact, my only holdings at the moment are BTC, DASH, and XMR. I have been partially responsible for some of the large dumps earlier this year being that I held over 100k of XMR. It's a shame that a few of you continue to leave such a sour image for Monero instead of using all your efforts to continue focusing on growing your own coin. I didn't invest into XMR because of any of you--I invested into it because it fits the privacy niche and utilizes a completely different codebase than Bitcoin representing a nice hedge in the event of potential exploits in Bitcoin's codebase. The fact that you want to resort your attacks now into saying I'm magically part of the Darkcoin launch or a puppet account is just sad. Last I checked, April wasn't January. Good detective work bro. so..you are a miner or lets say cryptocoin enthusiast , but did not signed up until April...and that's odd. anyway thanks for the story..hope it is true ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The fact that you want to resort your attacks now into saying I'm magically part of the Darkcoin launch or a puppet account is just sad. Last I checked, April wasn't January. Good detective work bro. I raised two points, 1. some are registered very close to darkcoin launch date 2. the other point is after registering here in BCT, the first posts are already in darkcoin (and looking at the posts they aren't newbie-ish ) you qualified in point number 2.
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arielbit
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November 30, 2015, 02:50:44 PM |
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How do you associate our posts here with Monero?
because you're all associated with Monero, and you're only here because DASH is battering XMR in market cap. I believe their hate is what motivates them the most. Since no work is been done on their coin how about love? and i love this thread ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) That's a shame bro, because unrequited love is no joke ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) think again..what would i do with you? buy and sell? invest? mine?...you guys are simply fun ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) happen to know the "big thing" vertoe is saying? huh? the core devs were just a bunch of volunteers exploited for the big thing.
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volyova
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November 30, 2015, 02:55:55 PM |
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I believe the "big thing" that vertoe was referring to was the Dash project in general.
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smooth
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November 30, 2015, 03:09:38 PM |
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I believe the "big thing" that vertoe was referring to was the Dash project in general.
That interpretation doesn't even make sense. How do you exploit people who volunteer to work on a project for the project? Clearly not what vertoe meant.
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arielbit
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November 30, 2015, 03:13:03 PM |
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I believe the "big thing" that vertoe was referring to was the Dash project in general.
the core devs were just a bunch of volunteers exploited for the big thing.
converted to.. the core devs were just a bunch of volunteers exploited for the Dash project in general.
read again...makes sense?...let's just leave this here for a while ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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volyova
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November 30, 2015, 03:57:52 PM |
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I believe the "big thing" that vertoe was referring to was the Dash project in general.
That interpretation doesn't even make sense. How do you exploit people who volunteer to work on a project for the project? Clearly not what vertoe meant. It makes perfect sense to me. Isn't english your first language?
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Lukas_Jackson
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November 30, 2015, 04:22:11 PM |
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Regardless of which one, it is still irrelevant and off topic to the thread. so go back to quote known scammers, like vertoe and spin, interpret his words as you wish. You are happy with this kind of association looking at your friend icebreaker, known scammer. Go Dash - that's on topic, right there
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It is easier to be an aggressive victim than to be a free man.
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volyova
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November 30, 2015, 04:24:09 PM |
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Can you see the difference? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUb7Ve9s.png&t=665&c=0mZQqnBW3otpNw) What's the point of even comparing the two coins? Isn't XMR a straight rip-off of Bytecoin? (Which is itself, allegedly, an NSA scamcoin). One coin has chances for success, the other does not...or am I missing something?
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Lebubar
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November 30, 2015, 04:30:13 PM |
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Regardless of which one, it is still irrelevant and off topic to the thread. so go back to quote known scammers, like vertoe and spin, interpret his words as you wish. You are happy with this kind of association looking at your friend icebreaker, known scammer. Go Dash - that's on topic, right there Posting just to say "This it's not on topic", is on topic? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Edit : forgot, go Dash go.
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alex-ru
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November 30, 2015, 04:36:39 PM |
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Monero's devs are releasing a genious plan: The more posts in Dash's topic we make - the more Monero will look like a competitor to Dash. It's very innovative approach and requires a lot of skills in specific areas... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Lukas_Jackson
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November 30, 2015, 04:42:00 PM |
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Monero's devs are releasing a genious plan: The more posts in Dash's topic we make - the more Monero will look like as a competitor to Dash. It's very innovative approach... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) yep They compare the bloat-joke-monero to Dash because they wanted to pull themselves out from the sea of cryptonote clones. There are many cryptonote coins and in order to be kind of visible, they had to do something about it. Monero is a simple NSA-made-bloat-unusable-joke-clone.
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It is easier to be an aggressive victim than to be a free man.
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qwizzie
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November 30, 2015, 05:09:20 PM Last edit: December 09, 2015, 07:44:28 AM by qwizzie |
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Are you a troll and feeling angry, insecure or just very very stressed out about the upcoming Dash Evolution or the Miami Bitcoin Conference in January 2016? I have the cure just for you : Disclosure of Dash Evolution is imminent !! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhoRftTE.png&t=665&c=1aqjJwKoDuemKQ)
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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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noobtrader
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November 30, 2015, 05:11:08 PM |
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hopefully we can see the show live on internet... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Are you a troll and feeling angry, insecure or just very very stressed out about the upcoming Dash Evolution ? I have the cure just for you : Disclosure of Dash Evolution is imminent !! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhoRftTE.png&t=665&c=1aqjJwKoDuemKQ) about the dash evolution obviously
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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