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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9672751 times)
Solarminer
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December 19, 2015, 06:43:42 PM

What is the transaction fee for sending DASH? Thanks
usually from 0.02 to 0.001 Dash but there is a possibility, although that vary on different resources
Actually, standard transactions are usually free or .0001.

Instantx are .015 or about 5 cents.

Evolution is planning to have all transactions instantx and free for consumers.  Only fees for merchants.
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December 19, 2015, 06:58:55 PM

What is the transaction fee for sending DASH? Thanks
usually from 0.02 to 0.001 Dash but there is a possibility, although that vary on different resources
Actually, standard transactions are usually free or .0001.

Instantx are .015 or about 5 cents.

Evolution is planning to have all transactions instantx and free for consumers.  Only fees for merchants.

hummm...that is interesting.  It would be great to stream line things like this.

Proud lifetime DASH Foundation Member | First Brick & Mortar DASH Merchant |  Please visit DASH.org or DASHtalk.org for a list of merchants and information.
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December 19, 2015, 07:00:10 PM

Bitcoin going down guys, are you ready ?  Grin

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
RaginglikeaBoss
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December 19, 2015, 07:06:27 PM

What is the transaction fee for sending DASH? Thanks
usually from 0.02 to 0.001 Dash but there is a possibility, although that vary on different resources
Actually, standard transactions are usually free or .0001.

Instantx are .015 or about 5 cents.

Evolution is planning to have all transactions instantx and free for consumers.  Only fees for merchants.

hummm...that is interesting.  It would be great to stream line things like this.

It works for VISA and MasterCard, it's no coincidence this model is being formulated.

Whether it's a good idea or a bad idea is up for each person to decide.

First time posting in this thread and have been trading moderate amounts of Darkcoin DASH for a while now, strictly for BTC profit - so please don't hate me - but this idea is unique in the Crypto-world.

Most cryptocurrencies shun most traditional banking aspects.  It'll be interesting to follow DASH.  Whether to buy in or sell out, yeah who cares.  Let each person decide for themselves.

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December 19, 2015, 07:18:03 PM

Bitcoin going down guys, are you ready ?  Grin
As long as we're going up at the same time...  Tongue

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December 19, 2015, 07:21:08 PM

What is the transaction fee for sending DASH? Thanks
usually from 0.02 to 0.001 Dash but there is a possibility, although that vary on different resources
Actually, standard transactions are usually free or .0001.

Instantx are .015 or about 5 cents.

Evolution is planning to have all transactions instantx and free for consumers.  Only fees for merchants.

hummm...that is interesting.  It would be great to stream line things like this.

It works for VISA and MasterCard, it's no coincidence this model is being formulated.

Whether it's a good idea or a bad idea is up for each person to decide.

First time posting in this thread and have been trading moderate amounts of Darkcoin DASH for a while now, strictly for BTC profit - so please don't hate me - but this idea is unique in the Crypto-world.

Most cryptocurrencies shun most traditional banking aspects.  It'll be interesting to follow DASH.  Whether to buy in or sell out, yeah who cares.  Let each person decide for themselves.
Welcome! I hope this is not your last post here. Big things happening in this space right now. Maybe you should consider hodling a little DASH! Smiley

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December 19, 2015, 07:38:23 PM

Bitcoin going down guys, are you ready ?  Grin
As long as we're going up at the same time...  Tongue
For every Mrs Yin there is always a counter balancing Mr Yang, this helps keep the universe stable and restores order Cheesy

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
bigrcanada
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December 19, 2015, 07:54:24 PM

What is the transaction fee for sending DASH? Thanks
usually from 0.02 to 0.001 Dash but there is a possibility, although that vary on different resources
Actually, standard transactions are usually free or .0001.

Instantx are .015 or about 5 cents.

Evolution is planning to have all transactions instantx and free for consumers.  Only fees for merchants.

hummm...that is interesting.  It would be great to stream line things like this.

It works for VISA and MasterCard, it's no coincidence this model is being formulated.

Whether it's a good idea or a bad idea is up for each person to decide.

First time posting in this thread and have been trading moderate amounts of Darkcoin DASH for a while now, strictly for BTC profit - so please don't hate me - but this idea is unique in the Crypto-world.

Most cryptocurrencies shun most traditional banking aspects.  It'll be interesting to follow DASH.  Whether to buy in or sell out, yeah who cares.  Let each person decide for themselves.

I agree in copying known working systems that are used like Visa and Mastercard.  Both consumers and merchants are familiar with these systems and thus sets us up for faster adoption.  In my opinion.

Proud lifetime DASH Foundation Member | First Brick & Mortar DASH Merchant |  Please visit DASH.org or DASHtalk.org for a list of merchants and information.
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December 19, 2015, 08:33:12 PM

What is the transaction fee for sending DASH? Thanks
usually from 0.02 to 0.001 Dash but there is a possibility, although that vary on different resources
Actually, standard transactions are usually free or .0001.

Instantx are .015 or about 5 cents.

Evolution is planning to have all transactions instantx and free for consumers.  Only fees for merchants.

hummm...that is interesting.  It would be great to stream line things like this.

It works for VISA and MasterCard, it's no coincidence this model is being formulated.

Whether it's a good idea or a bad idea is up for each person to decide.

First time posting in this thread and have been trading moderate amounts of Darkcoin DASH for a while now, strictly for BTC profit - so please don't hate me - but this idea is unique in the Crypto-world.

Most cryptocurrencies shun most traditional banking aspects.  It'll be interesting to follow DASH.  Whether to buy in or sell out, yeah who cares.  Let each person decide for themselves.

Even then, the fees will be minuscule.  And yah, Dash can be looked at a as a hybrid I suppose, though it's only a hybrid in use, not function.  The way Evan has been talking, in my interpretation, is that things that have worked well in the past, can be done in crypto.  Or that Crypto can do anything the current monetary world can do, only in a distributed, trustless way, or finally don't throw the baby out with the bathwater.

Sorry, I forgot to say welcome too!  You look to be the kind of person we'd love to have the opinions of.  Just please, there are some things that can't be changed and are well known, like the distribution of Dash at it's beginings, etc...  We'd rather talk about thoughtful opinions on the technology and direction Dash is going in.  You seem the type that would do that, and we'd welcome your input any time Smiley

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."
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December 19, 2015, 08:44:50 PM

Thanks Tao, I'll be a lurker mostly but I'll chime in periodically, promise.  But don't hate me if I decide to dabble in some trades with Monero on Poloniex from time to time, haha.

I completely agree with bigrcanada, don't reinvent the wheel.

I'm a huge Bitcoin fan, yet I know we need a mechanism to make digital currencies appealing for mass consumers.  So it's nice to see a coin thinking in this manner that actually has value established already.  

Time will tell, so for now I'm just a simple holder of a decent amount from my GPU mining time.  Basically I'm neutral at the moment on altcoins.  I hail the "almighty powah of the US dollah," via Bitcoin at the moment, but I really want digital currencies to have more influence and massive usage.

God, I just re-read that and I sound quite cliché.  Eh, whatever I should've been a politician.

Edit:  I could honestly care less about hype or FUD, I trade on analysis.  I'm all about the benefits of cryptocurrencies in improving our current Keynesian economics.. well and purchasing power haha.


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December 19, 2015, 09:05:52 PM

Thanks Tao, I'll be a lurker mostly but I'll chime in periodically, promise.  But don't hate me if I decide to dabble in some trades with Monero on Poloniex from time to time, haha.

I completely agree with bigrcanada, don't reinvent the wheel.

I'm a huge Bitcoin fan, yet I know we need a mechanism to make digital currencies appealing for mass consumers.  So it's nice to see a coin thinking in this manner that actually has value established already.  

Time will tell, so for now I'm just a simple holder of a decent amount from my GPU mining time.  Basically I'm neutral at the moment on altcoins.  I hail the "almighty powah of the US dollah," via Bitcoin at the moment, but I really want digital currencies to have more influence and massive usage.

God, I just re-read that and I sound quite cliché.  Eh, whatever I should've been a politician.

Edit:  I could honestly care less about hype or FUD, I trade on analysis.  I'm all about the benefits of cryptocurrencies in improving our current Keynesian economics.. well and purchasing power haha.



Yes, sometimes I think about how far we need to go yet, and it gets overwhelming, LOL.  So I just keep letting myself get excited, knowing full well that we're on a very long road that may take many years, many, many years to find the finish line Tongue

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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December 19, 2015, 10:37:33 PM

Andreas Antonopoulos discusses a case against reputation and identity systems:

https://news.bitcoin.com/andreas-antonopoulos-case-reputation-identity-systems/

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December 19, 2015, 11:23:57 PM


The perp has to have physical access.  Not an issue really.  It's a sensationalist title.
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December 19, 2015, 11:42:13 PM

Andreas Antonopoulos discusses a case against reputation and identity systems:

https://news.bitcoin.com/andreas-antonopoulos-case-reputation-identity-systems/

Poor Mr. Dorian Nakamoto, he will never shake off this Bitcoin thing, LOL.  His face is forever a mime.  Well, I actually like  his face, and that he's so quirky makes it that much better.  He may not be the real Satoshi but lets face it, he's the one I'd have wanted it to be Cheesy

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
TanteStefana2
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December 20, 2015, 12:22:11 AM

Andreas Antonopoulos discusses a case against reputation and identity systems:

https://news.bitcoin.com/andreas-antonopoulos-case-reputation-identity-systems/

I see what he wants to have happen, but you can especially see that this can't be done.  Look at Open Bazaar, they try to fix this via a "double up" kind of thing, put 2X the money up, and if everyone is happy they should release the funds.  Unfortunately, that's really risky.  Look at the trolls here on this thread.  They would happily keep your funds locked up forever, maybe try to extort you for more in order to release the funds, etc... I see nothing but trouble with that system.

There is simply no better way to do it other than someone creating an insurance program, with similar rules as to what Ebay does, and charges for it, like Ebay does.  Or you can take on the risk like we did in the old days of ebay.  Take the risk that the item will arrive, and only buy from those that seem to have a good reputation.

As far as being branded with a bad reputation, you can always start over again.  True, at first you'll look like an unknown newb, but usually you can increase your reputation with buys, which are less risky in general than sells, and once you get a decent track record you can start selling again.

It's not a permanent branding burned on your forehead.  

I just don't see any solution yet to this day, that can't be easily manipulated by someone, to cause hurt or to rip someone off.  And thus, reputation is often the only way.

Why such a reputation should be more exclusive to a rich person than a poor person, I don't see it.  It's a matter of fulfilling transaction obligations, regardless of size.  So I think Andreas is wrong here, and being a bit of a pinheaded programmer.  Sure, I'd be all for a system that took all risk, and mathematically zero'd them out. But that will simply never happen.  It can't.  One side is financial, one side is a tangible product that has many properties.  Weight, quality, taste, color, smell, texture, etc... that can not be.... what's the word?  The product side has many shades of grey, you can't settle disputes without human interaction and thus, the way disputes are settled has a lot to do with the quality of the transaction and thus the quality of the product.

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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December 20, 2015, 02:32:32 AM


Actually, standard transactions are usually free or .0001.

Instantx are .015 or about 5 cents.

Evolution is planning to have all transactions instantx and free for consumers.  Only fees for merchants.

Darksend rounds up to units of .1 so it can be quite high if you need to send a specific amount.
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December 20, 2015, 03:54:21 AM

From the Department of Bad Crypto:

hey guys check this bitch slap Anonymint gave EVAN. Hilarious!

IX requires 6 of 10 signatures to create a transaction lock.

Which is exactly what I wrote it must do, and exactly what I wrote when I surmised that your white paper was implying the highly jammable design of 10-of-10.

But as I pointed out in the correct math (which is clear you still haven't grasped), even 6-of-10 can be jammed 62% of the time (and multiply spent the other 38% of the time) given a 50% attack on the masternodes (i.e. the 50% attack on masternodes can attack 100% of the InstantX transactions). Even at 10% attack on masternodes, then every 666th UTXO can be jammed and roughly every 10,000th UTXO can be multiply spent. So if there are 66,600 UXTO, then a 10% attack on the masternodes (i.e. controlling 10% of the masternodes) roughly can jam 100 of the available UXTO and double-spend (actually multiply spend, i.e. unlimited lies can be announced by masternodes) 7 of them.

These sort of flaws are amateurish. You are in over your head. You are a programmer and some sort of finance person and a reasonably good marketer mining the gullible speculators (but not to actual users of currency), but you are not capable enough on the block chain theory.

This entire argument is based on an invalid premise! So your jamming attack doesn't work...

Nope. My entire argument is you apparently still don't know how to do basic probability math.

Will you attempt to copy my design and order Dash's masternode announcements? Then will you try to copy my design and merge all the orphans? If not, you will still have attack flaws in your design. Will you replace the deposit for controlling a masternodes with a nomination by PoW, so as to avoid the flaw of externalities that can finance the purchase of masternodes, e.g. shorting the coin.

Well even if you do manage to copy my design, you still can't fix the fact that attacking masternodes is a one-time cost and not sublinear (ongoing cost) as per attacking a correctly designed PoW coin (which is the point that has been made by myself, monsterer, and smooth). And thus Dash is a proof-of-stake security model, not a proof-of-work. Thus it can be undermined by for example combining shorting with attacking masternodes. And you won't get all the small details correct, because you simply don't have enough smart people helping you, because apparently the smart people don't want to work on your closed source during development (and very well documented allegations: fraud) coin. I would never work on your coin, because you have no usership. It is all marketing to speculators to mine the speculators. What is the point? We are supposed to be creating crypto to change the world and entice millions or billions of users. But that has never been your marketing plan. You've always been mining the speculators instead.

And also I do believe the SEC will be coming after you eventually for very clearly running an unregistered illegal investment security (and you come from the finance world so you know very well that you are skirting the securities law). Hope you've paid off the regulators with the $million you mined from the gullible speculators in crypto. Personally I don't see how it has been worth it. The $million you've perhaps pocketed will never sustain you to be rich for the rest of your life, and you will constantly have hanging over your head the threat of SEC action at any time in the future. That is criminal liability in exchange for $million. Not worth it. You are nearing the end of the road for your run.

When I originally assisted you on some of the errors in your original design which caused you to invent masternodes, I viewed you as a nice guy who was trying to develop something. When all these allegations of fraud and premine crap came out, I was very shamed that I had let you get away with promoting Dash. I always knew that Dash was a barely literate design (come on do you really want me to explain how your new anonymity design will be just as flawed as the current on in Dash!), but I didn't want to interfere because I am not the altcoin police (unlike smooth who sometimes tries to act like a sheriff). But really I have to tell you frankly, that I am ashamed that you have mined the speculators and not proposed any real impact for mass usership. And now you have the audacity to go pumping up this Evolution design as some great innovation and fooling more gullible speculators. I mean if you hadn't of done the fraud thing, I would probably not be hitting you so hard now. Again I don't go around harping on the fraud thing, because I am not the altcoin police. But pleeeaaaseee do not try to argue that you are capable on block chain theory tech. You are not.

I don't want to help you because you are doing evil in terms of the goals we as a community are trying to reach. You are siphoning away money from the community and not putting it towards actual innovation (both marketing and technical) that could really help us deal with the problem of a State gone amok. Help us to reach the ideals of crypto. Instead you are just mining the speculators and they seem to believe you are technically capable. You are capable enough to produce code, and you are capable enough to correct mistakes that are pointed out to you. But you are not capable enough to get the really smart people to work with you on ongoing basis, because you are not going in the correct direction in terms of the purpose of why we are here supporting crypto in the first place, which is to get millions of users to use crypto and to better the world (while also making money from increased adoption, not from mining from each other i.e. extracting money from each other in zero-sum game on this forum).

Maybe if you mea culpa on the premine crap and work towards bettering the world instead fooling (ahem marketing to the) the speculators, then maybe I would feel like helping you. But any way, I am moving forward on trying to move the crypto world forward in the direction it needs to be going. Maybe you should help me! I helped you before and you made a lot of money from me standing aside and not criticizing Dash in the early days. Maybe now it is time for you to pay back to the community.

And most definitely you can't duplicate my marketing plan directly to millions of users.

This is the end of the road for Dash.

It will be evident some weeks from now that Dash has no future.

Edit: I will look at your source code links when I have time. I need to head out the door to do errands. If I discover that any of my points are incorrect, I will mea culpa. Again I don't hate you, but I feel I must be frank about the technology because we really need innovation that help us reach the goals of crypto and not just half-assed tech from guys who design schemes to siphon off the capital of crypto into their pockets. And again I have studied the SEC regulations and all these marketing to speculators is clearly a violation of the Howey test for being an unregistered illegal investment security. It doesn't matter how you've obfuscated it by pretending the masternodes are in control, the Supreme Court has consistently said that the test overlooks any attempts to obfuscate the economic reality of the situation. Then on top of that is the evidence of deception with the premine and the advertised money supply protocol being altered ex post facto, etc.

And afaik you are a USA citizen, so thus you incur the maximum culpability.


AND THIS... lol


toknormal I believe I remember past interactions with you and that you were very rational and exhibited technical acumen, if I am not confusing you with another similar username.

I assume you've read my numerous criticisms of where Bitcoin is likely headed.

So it seems your point is that Dash is attempting an approach that is a valid alternative. Sorry every time I have analyzed any technical aspect of Dash, it has always been invalid. It started with me explaining to Evan that CoinJoin can be jammed (which is something I had argued with Gmaxwell about when he invented it) and so then Evan invented masternodes. And again I thought it was a stupid and highly flawed idea, but rather than rain on his parade, I offered my help on what were the most pressing attack concerns and he proceeded to design what he claimed were defenses. I continued to think it was an incredibly flawed design, but I shut up (and I didn't want to lose time combing over the fine details of his design to prove it and enumerate flaws). And then the speculators jumped on Dash like wildfire.

As for the "mining the investors", it is obvious that he all Dash can and is designed to do. It has no real usership. Its technology is fundamentally flawed. It is marketed ONLY to speculators and buyers of crypto currency. I don't classify those as users. I classify them as ignorant fools easy for a snake oil salesman to harvest.

The investors are caught up in gold rush fever and have no fucking clue how ignorant their investments are.

Your entire altcoin industry is a target for SEC crackdown and it is coming eventually. The government is letting you lay the trap for yourselves, which will come down the line.

I will be marketing and entering an entirely orthogonal industry to one which this forum represents. I will either invent an entirely new market for crypto currency, or I will fail, give up and move on.

Yeah you are correct. Go have your speculation orgy. I either be busy kicking your ass in the real market or moved on because the real market doesn't exist.

Obviously everyone has some vested interest. So as I wrote in prior post, I am admitting I am talking too much and not kicking ass enough. Probably because of this fucking illness and also too many decades on the computer has caused me to easily fall into a sort of non-productivity spiral (a form of addiction of trying to do too much at once and thus doing nearly nothing proficiently).

And on that note, I am going to stop discussion. Because in order to be reasonably healthy, I need to limit my computer hours to 8 or so per day maximum. I need all those hours to be on programming.

The upthread discussion was very astute and helpful. I am not discounting the value of discussion. I just know the times in my life where I created popular user software, I wasn't talking to anyone. I was too busy doing it.



TaoOfSaatoshi your post appeared while I was submitting mine. I believe Evan's goal is to milk you of as much of your capital as possible. I saw it in his eyes when the guy confronted him on video wherein he announced his plans for Evolution in Europe. His eyelids were fluttering which is a sign of lying and he became flustered (and overcome with rage) and unable to answer the allegations. I personally can't prove that he is lying (because I haven't expended my scarce time to go compiling and studying all the evidence), but others have done a good job already of presenting evidence about some of the shenanigans. My confliction is I am an anarchist. Thus I don't think it is my or anyone's role to play the role of the policeman for those who haven't hired me to do that job. I mean it is not my place, responsibility, nor right to condemn Dash with words and commentary. Much better if I condemn in the market by kicking its ass off the planet by rendering it inferior and millions of users behind in in adoption. Which I damn well will attempt to do. I can't promise success in my attempt.

Yeah this is the crypto jungle. A wild west of corruption and vested interests. I am leaving this jungle, because it isn't the real market of users. And it also isn't a safe place to play. The jail time comes later. Mark my word.



In summary, I cringe as much as Smoothie or smooth do at the stupid design of Dash, the manipulations and shenanigans (some of it only conjectured but with good logic and some data), and the gullible speculators who fall into love with this (technically speaking and also marketing to investors and not users) garbage. But I am conflicted, because I don't think competition by verbal attack helps produce success for the market. Competition by kicking ass in the market does.

Also originally I took Evan at his word and he seemed amiable. But over time, I come to form an opinion of him as more likely being a conniving con artist. And for example publishing lies about the math and capabilities of InstantX is another strong evidence. And we have so many examples of speculators writing that Dash has instant transactions, because they were lied to. This evidence can be handed to an SEC investigation in the future (not by me as I am anarchist but someone can).

Fact is that Dash's rise in market cap was likely a mirage and a manipulation of insiders buying from themselves. I used to convince myself that I shouldn't frown too much on Dash, because the large market cap meant the speculators had voted for their preference. But then smooth explained to me that these altcoin market caps are all manipulated mirages. Then I transitioned from a gullible fool and I started to ponder the more likely truth about the altcoin arena being one big "mining the speculators" paradigm.

Any newbies who fall into this trap, I guess deserve the cost of education. But remember that is what the SEC is there for to protect the unsophisticated investor from unregistered illegal investment securities (which I think Dash per the Supreme Court Howey test but IANAL so every reader should defer to their own attorney on legal issues). Now I see Erik Voorhees who settled with the SEC by repaying every investment he received from speculators (otherwise he would have faced jail time), is now promoting Dash. Strange bed fellows. Makes me ponder whether Erik has connections at the SEC and who knows who and what is being paid under the table in this corrupt world.

Let's contrast Dash and Evan with jl777. James is always working and coding trying to complete projects for the SuperNet. He is working now on making the SuperNet more accessible to users via browser GUIs. Do you see him prostituting himself in grand promotions of garbage? No. He is humble. I've grown to respect him more over time. Even I need to emulate him more, because he doesn't waste a lot of time in forum discussions. I can't vouch for the quality of his code or designs yet (and frankly his earlier white papers were so discombobulated that I thought he was not capable, but I have since learned his a very capable C coder) because I don't have yet sufficient exposure to detailed interoption with his code. But afaik at least he doesn't seem to be lying about what he is capable of doing and is doing. Evan presents a very amiable image up front, and he appears to be very crafty with his obfuscations such as the math lies in the InstantX white paper. An honest mistake? Just like the premine? And the change in the money supply ex post facto? So many honest mistakes?


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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tungfa
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December 20, 2015, 04:17:52 AM

Prototype Update: Thanks to @salmion for our new design  Wink

Looking good, DASH!

bump
arielbit
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December 20, 2015, 05:17:23 AM
Last edit: December 20, 2015, 05:38:07 AM by arielbit
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IX requires 6 of 10 signatures to create a transaction lock.

Which is exactly what I wrote it must do, and exactly what I wrote when I surmised that your white paper was implying the highly jammable design of 10-of-10.

But as I pointed out in the correct math (which is clear you still haven't grasped), even 6-of-10 can be jammed 62% of the time (and multiply spent the other 38% of the time) given a 50% attack on the masternodes (i.e. the 50% attack on masternodes can attack 100% of the InstantX transactions). Even at 10% attack on masternodes, then every 666th UTXO can be jammed and roughly every 10,000th UTXO can be multiply spent. So if there are 66,600 UXTO, then a 10% attack on the masternodes (i.e. controlling 10% of the masternodes) roughly can jam 100 of the available UXTO and double-spend (actually multiply spend, i.e. unlimited lies can be announced by masternodes) 7 of them.

These sort of flaws are amateurish. You are in over your head. You are a programmer and some sort of finance person and a reasonably good marketer mining the gullible speculators (but not to actual users of currency), but you are not capable enough on the block chain theory.

This entire argument is based on an invalid premise! So your jamming attack doesn't work...

Nope. My entire argument is you apparently still don't know how to do basic probability math.

Will you attempt to copy my design and order Dash's masternode announcements? Then will you try to copy my design and merge all the orphans? If not, you will still have attack flaws in your design. Will you replace the deposit for controlling a masternodes with a nomination by PoW, so as to avoid the flaw of externalities that can finance the purchase of masternodes, e.g. shorting the coin.

Well even if you do manage to copy my design, you still can't fix the fact that attacking masternodes is a one-time cost and not sublinear (ongoing cost) as per attacking a correctly designed PoW coin (which is the point that has been made by myself, monsterer, and smooth). And thus Dash is a proof-of-stake security model, not a proof-of-work. Thus it can be undermined by for example combining shorting with attacking masternodes. And you won't get all the small details correct, because you simply don't have enough smart people helping you, because apparently the smart people don't want to work on your closed source during development (and very well documented allegations: fraud) coin. I would never work on your coin, because you have no usership. It is all marketing to speculators to mine the speculators. What is the point? We are supposed to be creating crypto to change the world and entice millions or billions of users. But that has never been your marketing plan. You've always been mining the speculators instead.

And also I do believe the SEC will be coming after you eventually for very clearly running an unregistered illegal investment security (and you come from the finance world so you know very well that you are skirting the securities law). Hope you've paid off the regulators with the $million you mined from the gullible speculators in crypto. Personally I don't see how it has been worth it. The $million you've perhaps pocketed will never sustain you to be rich for the rest of your life, and you will constantly have hanging over your head the threat of SEC action at any time in the future. That is criminal liability in exchange for $million. Not worth it. You are nearing the end of the road for your run.

When I originally assisted you on some of the errors in your original design which caused you to invent masternodes, I viewed you as a nice guy who was trying to develop something. When all these allegations of fraud and premine crap came out, I was very shamed that I had let you get away with promoting Dash. I always knew that Dash was a barely literate design (come on do you really want me to explain how your new anonymity design will be just as flawed as the current on in Dash!), but I didn't want to interfere because I am not the altcoin police (unlike smooth who sometimes tries to act like a sheriff). But really I have to tell you frankly, that I am ashamed that you have mined the speculators and not proposed any real impact for mass usership. And now you have the audacity to go pumping up this Evolution design as some great innovation and fooling more gullible speculators. I mean if you hadn't of done the fraud thing, I would probably not be hitting you so hard now. Again I don't go around harping on the fraud thing, because I am not the altcoin police. But pleeeaaaseee do not try to argue that you are capable on block chain theory tech. You are not.

I don't want to help you because you are doing evil in terms of the goals we as a community are trying to reach. You are siphoning away money from the community and not putting it towards actual innovation (both marketing and technical) that could really help us deal with the problem of a State gone amok. Help us to reach the ideals of crypto. Instead you are just mining the speculators and they seem to believe you are technically capable. You are capable enough to produce code, and you are capable enough to correct mistakes that are pointed out to you. But you are not capable enough to get the really smart people to work with you on ongoing basis, because you are not going in the correct direction in terms of the purpose of why we are here supporting crypto in the first place, which is to get millions of users to use crypto and to better the world (while also making money from increased adoption, not from mining from each other i.e. extracting money from each other in zero-sum game on this forum).

Maybe if you mea culpa on the premine crap and work towards bettering the world instead fooling (ahem marketing to the) the speculators, then maybe I would feel like helping you. But any way, I am moving forward on trying to move the crypto world forward in the direction it needs to be going. Maybe you should help me! I helped you before and you made a lot of money from me standing aside and not criticizing Dash in the early days. Maybe now it is time for you to pay back to the community.

And most definitely you can't duplicate my marketing plan directly to millions of users.

This is the end of the road for Dash.

It will be evident some weeks from now that Dash has no future.

Edit: I will look at your source code links when I have time. I need to head out the door to do errands. If I discover that any of my points are incorrect, I will mea culpa. Again I don't hate you, but I feel I must be frank about the technology because we really need innovation that help us reach the goals of crypto and not just half-assed tech from guys who design schemes to siphon off the capital of crypto into their pockets. And again I have studied the SEC regulations and all these marketing to speculators is clearly a violation of the Howey test for being an unregistered illegal investment security. It doesn't matter how you've obfuscated it by pretending the masternodes are in control, the Supreme Court has consistently said that the test overlooks any attempts to obfuscate the economic reality of the situation. Then on top of that is the evidence of deception with the premine and the advertised money supply protocol being altered ex post facto, etc.

And afaik you are a USA citizen, so thus you incur the maximum culpability.




no wonder vertoe left

i will get out and and will contribute to something decentralized and anonymous. i always hoped darkcoin could fill that void. i cant blame anyone to stay with this project. you are probably investors trying to win a gold donkey. or you are simply trying to exploit every possible vector of profit in the coins space. whatever. you are not here because darkcoin is something it claims to be.
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December 20, 2015, 05:19:03 AM

Hilarious!
...given a 50% attack on the masternodes...

Yeah, attacking 50% of the masternode network is SO realistic.

toknormal I believe I remember ... licking your ass ...

No explanation needed.

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