TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
|
|
December 24, 2015, 12:27:03 AM |
|
Hey, don't worry, I like that it's raw, straight from your mind type of deal. I'll leave it as is, unless you're specifically asking me to change it... Ok. They're your readers so I'll let you be editor as you see fit. The Dash thread can have the 'polite' version Keep the thoughts coming man, you are brilliant, and the space needs to hear it, not just our thread, as much as we'd like to keep you to ourselves.
|
|
|
|
Solarminer
|
|
December 24, 2015, 12:29:52 AM |
|
This forces bitcoin out of the point of sale market. It is just not possible to sell a coffee for a $0.25 transaction fee and require a 10+ minute wait until a confirmation. Adding more layers to gain speed just makes that fee higher. You need to pay the highest fee to get confirmation in 1 block. Adding more users again adds to the fee, or even more users at the same time(lunchtime). Dash with InstantX is perfect for point of sale. Fast, private, secure, free, done. I see this as the future. See what you can do with a PI, 3.5" touchscreen, and a bunch of command line graphic design - yep a $69 payment terminal the size of a deck of cards that can store the blockchain and confirm InstantX transactions. Very nice! Looks slick. You guys are keeping me busy... https://twitter.com/taoofsatoshi/status/679819159249764352I am famous...Whoohooo! Also working on getting a nice background with Raptor's help. This is just a smaller part of an even bigger project....more to be divulged soon.
|
|
|
|
someredguy
Member
Offline
Activity: 82
Merit: 10
|
|
December 24, 2015, 12:33:28 AM |
|
This forces bitcoin out of the point of sale market. It is just not possible to sell a coffee for a $0.25 transaction fee and require a 10+ minute wait until a confirmation. Adding more layers to gain speed just makes that fee higher. You need to pay the highest fee to get confirmation in 1 block. Adding more users again adds to the fee, or even more users at the same time(lunchtime). Dash with InstantX is perfect for point of sale. Fast, private, secure, free, done. I see this as the future. See what you can do with a PI, 3.5" touchscreen, and a bunch of command line graphic design - yep a $69 payment terminal the size of a deck of cards that can store the blockchain and confirm InstantX transactions. Very nice! Looks slick. You guys are keeping me busy... https://twitter.com/taoofsatoshi/status/679819159249764352I am famous...Whoohooo! Also working on getting a nice background with Raptor's help. This is just a smaller part of an even bigger project....more to be divulged soon. Let us know when you want some "testers". I have a pi and a pi2 just collecting dust at the moment. I don't have a cool display/touchscreen... yet. Where did you get the touchscreen? I may have to get one... Also, were you planning on getting a camera, too?
|
|
|
|
Otoh
Donator
Legendary
Offline
Activity: 3052
Merit: 1110
|
|
December 24, 2015, 12:36:35 AM |
|
Very nice! TY! http://dash-news.de/dashtv/?value=428261Status: 1/unconfirmed, broadcast through 8 nodes Date: 24/12/2015 01:41 To: pille Xnu9vcCAZYNozX7ypFt2rLi3TFnbTUMX3Q Debit: -40.00000000 DASH Transaction fee: -0.00100000 DASH Net amount: -40.00100000 DASH Transaction ID: 70d2485b384fb0e2a43e91f369966ab2f25b1971f5c03480defcf0b24cf61567-000
|
|
|
|
TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
|
|
December 24, 2015, 12:52:11 AM |
|
Very nice! TY! Status: 1/unconfirmed, broadcast through 8 nodes Come on, OTOH, you didn't InstantX it?
|
|
|
|
Otoh
Donator
Legendary
Offline
Activity: 3052
Merit: 1110
|
|
December 24, 2015, 01:00:00 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
|
|
|
|
TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
|
|
December 24, 2015, 01:03:57 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
There's a 100 DASH limit to InstantX? I missed that one... I thought it was 1000.
|
|
|
|
stan.distortion
|
|
December 24, 2015, 01:07:14 AM |
|
This forces bitcoin out of the point of sale market. It is just not possible to sell a coffee for a $0.25 transaction fee and require a 10+ minute wait until a confirmation. Adding more layers to gain speed just makes that fee higher. You need to pay the highest fee to get confirmation in 1 block. Adding more users again adds to the fee, or even more users at the same time(lunchtime). Dash with InstantX is perfect for point of sale. Fast, private, secure, free, done. I see this as the future. See what you can do with a PI, 3.5" touchscreen, and a bunch of command line graphic design - yep a $69 payment terminal the size of a deck of cards that can store the blockchain and confirm InstantX transactions. Very nice! Looks slick. You guys are keeping me busy... https://twitter.com/taoofsatoshi/status/679819159249764352I am famous...Whoohooo! Also working on getting a nice background with Raptor's help. This is just a smaller part of an even bigger project....more to be divulged soon. Looks damn good so far
|
|
|
|
Otoh
Donator
Legendary
Offline
Activity: 3052
Merit: 1110
|
|
December 24, 2015, 01:08:18 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
There's a 100 DASH limit to InstantX? I missed that one... I thought it was 1000. Ah, maybe it's 1,000 DASH, not sure, I just tried 199 DASH and it InstantXed np, so either I forgot the limit or my info is out of date. Edit: & just reread your post, yep it's 1,000 limit & I don't do too many transfers under that to others for quite a while, sorry I forgot what it was.
|
|
|
|
TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
|
|
December 24, 2015, 01:10:30 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
There's a 100 DASH limit to InstantX? I missed that one... I thought it was 1000. Ah, maybe it's 1,000 DASH, not sure, I just tried 199 DASH and it InstantXed np, so either I forgot the limit or my info is out of date. Ah, great. Unlimited InstantX would be a better sell, though, you're right.
|
|
|
|
Otoh
Donator
Legendary
Offline
Activity: 3052
Merit: 1110
|
|
December 24, 2015, 01:14:39 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
There's a 100 DASH limit to InstantX? I missed that one... I thought it was 1000. Ah, maybe it's 1,000 DASH, not sure, I just tried 199 DASH and it InstantXed np, so either I forgot the limit or my info is out of date. Ah, great. Unlimited InstantX would be a better sell, though, you're right. I forgot just how awesome that feature is: Status: 7 confirmations (verified via instantx), broadcast through 10 nodes Date: 24/12/2015 02:06 Total debit: -429.59972194 DASH Total credit: 429.59972194 DASH Transaction fee: -0.01000000 DASH Net amount: -0.01000000 DASH Transaction ID: 5683f9d5a00de6a77aad3a89ea01547a969f176c996bde97eecc309770b5b514-000
|
|
|
|
tungfa
Legendary
Offline
Activity: 1834
Merit: 1023
|
|
December 24, 2015, 01:23:56 AM |
|
I'm reading this thread and a whole lot of lightbulbs are going of in my head. That thread is fascinating because it's bringing the stark contrast in priorities between adopters and designers to light. I've just realised that the 0-conf "sector" is a distinct market. In commercial terms there's a discontinuity between the "0-conf" currency market and the 1+conf market and the pro "RBF"ers are not getting this. This is something I never really thought about before because I generally saw things the way Peter Todd does - i.e. that a 1+ confirmation is just a bit further up the "wedge" of security but the product's the same. The adopters, however, do not seem to agree. They see it as distinct. Having read that thread I just see things completely differently now. InstantX suddenly makes a whole lot of sense because it independently addresses the concerns of that distinct market while at the same time retaining the "security product" that's being sold (mining confirmations). This forces bitcoin out of the point of sale market. It is just not possible to sell a coffee for a $0.25 transaction fee and require a 10+ minute wait until a confirmation. Adding more layers to gain speed just makes that fee higher. You need to pay the highest fee to get confirmation in 1 block. Adding more users again adds to the fee, or even more users at the same time(lunchtime). Dash with InstantX is perfect for point of sale. Fast, private, secure, free, done. I see this as the future. See what you can do with a PI, 3.5" touchscreen, and a bunch of command line graphic design - yep a $69 payment terminal the size of a deck of cards that can store the blockchain and confirm InstantX transactions. HoHooooo NICE tipped and posted around !
|
|
|
|
eduffield (OP)
Legendary
Offline
Activity: 1176
Merit: 1036
Dash Developer
|
|
December 24, 2015, 02:00:31 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
There's a 100 DASH limit to InstantX? I missed that one... I thought it was 1000. Ah, maybe it's 1,000 DASH, not sure, I just tried 199 DASH and it InstantXed np, so either I forgot the limit or my info is out of date. Ah, great. Unlimited InstantX would be a better sell, though, you're right. InstantX is now limited to 10000 DASH. The setting is just a spork
|
Dash - Digital Cash | dash.org | dashfoundation.io | dashgo.io
|
|
|
TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
|
|
December 24, 2015, 02:23:53 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
There's a 100 DASH limit to InstantX? I missed that one... I thought it was 1000. Ah, maybe it's 1,000 DASH, not sure, I just tried 199 DASH and it InstantXed np, so either I forgot the limit or my info is out of date. Ah, great. Unlimited InstantX would be a better sell, though, you're right. InstantX is now limited to 10000 DASH. The setting is just a spork 25,000 USD? Cool, now you can buy a car for Dash, and just drive away!
|
|
|
|
Solarminer
|
|
December 24, 2015, 02:53:05 AM |
|
I'm reading this thread and a whole lot of lightbulbs are going of in my head. That thread is fascinating because it's bringing the stark contrast in priorities between adopters and designers to light. I've just realised that the 0-conf "sector" is a distinct market. In commercial terms there's a discontinuity between the "0-conf" currency market and the 1+conf market and the pro "RBF"ers are not getting this. This is something I never really thought about before because I generally saw things the way Peter Todd does - i.e. that a 1+ confirmation is just a bit further up the "wedge" of security but the product's the same. The adopters, however, do not seem to agree. They see it as distinct. Having read that thread I just see things completely differently now. InstantX suddenly makes a whole lot of sense because it independently addresses the concerns of that distinct market while at the same time retaining the "security product" that's being sold (mining confirmations). This forces bitcoin out of the point of sale market. It is just not possible to sell a coffee for a $0.25 transaction fee and require a 10+ minute wait until a confirmation. Adding more layers to gain speed just makes that fee higher. You need to pay the highest fee to get confirmation in 1 block. Adding more users again adds to the fee, or even more users at the same time(lunchtime). Dash with InstantX is perfect for point of sale. Fast, private, secure, free, done. I see this as the future. See what you can do with a PI, 3.5" touchscreen, and a bunch of command line graphic design - yep a $69 payment terminal the size of a deck of cards that can store the blockchain and confirm InstantX transactions. HoHooooo NICE tipped and posted around ! Whew, I was a little worried I put a testnet address on there...LOL...Received and all good. Thanks.
|
|
|
|
Solarminer
|
|
December 24, 2015, 03:01:47 AM |
|
Ah yes, I should have, TBH it's so rare that I do transactions under 100 DASH to others that I forget about being able to use it, looking forward to when there's a higher limit - or none for InstantXing.
There's a 100 DASH limit to InstantX? I missed that one... I thought it was 1000. Ah, maybe it's 1,000 DASH, not sure, I just tried 199 DASH and it InstantXed np, so either I forgot the limit or my info is out of date. Ah, great. Unlimited InstantX would be a better sell, though, you're right. InstantX is now limited to 10000 DASH. The setting is just a spork 25,000 USD? Cool, now you can buy a car for Dash, and just drive away! I was just thinking that. Can't wait for the "Dash and Dash" dealers to open up.
|
|
|
|
Solarminer
|
|
December 24, 2015, 04:06:04 AM |
|
This forces bitcoin out of the point of sale market. It is just not possible to sell a coffee for a $0.25 transaction fee and require a 10+ minute wait until a confirmation. Adding more layers to gain speed just makes that fee higher. You need to pay the highest fee to get confirmation in 1 block. Adding more users again adds to the fee, or even more users at the same time(lunchtime). Dash with InstantX is perfect for point of sale. Fast, private, secure, free, done. I see this as the future. See what you can do with a PI, 3.5" touchscreen, and a bunch of command line graphic design - yep a $69 payment terminal the size of a deck of cards that can store the blockchain and confirm InstantX transactions. Very nice! Looks slick. You guys are keeping me busy... https://twitter.com/taoofsatoshi/status/679819159249764352I am famous...Whoohooo! Also working on getting a nice background with Raptor's help. This is just a smaller part of an even bigger project....more to be divulged soon. Let us know when you want some "testers". I have a pi and a pi2 just collecting dust at the moment. I don't have a cool display/touchscreen... yet. Where did you get the touchscreen? I may have to get one... Also, were you planning on getting a camera, too? Thanks for the offer. The 3.5" displays are pretty inexpensive on ebay - about $15. They take up most of the GPIO pins, so you can't use a camera with them. You need to bump up to a 5" display with hdmi input if you want to use a camera. And, yes, camera is in the mail along with a 5" display.
|
|
|
|
BusterNutBag
Member
Offline
Activity: 96
Merit: 10
|
|
December 24, 2015, 06:05:03 AM |
|
Very nice! TY! http://dash-news.de/dashtv/?value=428261Status: 1/unconfirmed, broadcast through 8 nodes Date: 24/12/2015 01:41 To: pille Xnu9vcCAZYNozX7ypFt2rLi3TFnbTUMX3Q Debit: -40.00000000 DASH Transaction fee: -0.00100000 DASH Net amount: -40.00100000 DASH Transaction ID: 70d2485b384fb0e2a43e91f369966ab2f25b1971f5c03480defcf0b24cf61567-000 this is actually pretty cool Dynamic and all that It's just missing some fireworks - bling! - lol actually if you could decrease the size by 25% it would fit my screen but other than that VERY NICE WORK MY DASHMATE !!!! WOOT!!!!
|
|
|
|
AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
|
|
December 24, 2015, 08:47:51 AM |
|
An instantx consensus lock is determined by top five masternodes of the current block's winners list (masternodeman.cpp CMasternodeMan::GetMasternodeRank).
No matter where the transactions enter the network, the one that reaches one of those five masternodes first will block any other instantx transactions using the same inputs from being confirmed.
Concerning generating a race condition: If the current ix quorum (five masternodes) were all handed different versions of the same transaction, none would attain the required five locks due to contention. Only one would make it into a block by the standard mempool/miner route depending on luck.
Aha, thanks for the explanation
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
December 24, 2015, 10:23:47 AM |
|
|
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
|
|
|
|