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

[Solarminer]

So many people are touting "Blockchain Technology" but I wonder how they secure it?  In house?  I just don't understand who is mining the coins, how is it leveraged so that it's trustless.  They have to understand that part, thus they must have a way to do it.  Does anyone know how they're doing it?
http://www.coindesk.com/chain-issues-investor-shares-nasdaq-linq/

What do you mean exactly?

Well, bitcoin secures the blockchain with mining.  Everyone competes for the right to check and add entries into the blockchain ledger and earn a reward, and the others check it.  As long as nobody has the ability to predict that they will win the block a couple of times in a row or so, they shouldn't be able to double spend or insert things that don't belong in the chain.  Otherwise it's just a ledger.  

In Dash Evo, it will pretty much only be a competition to earn the reward and do the duty of entering transactions into the blockchain, no checking, no choosing (I believe).  The entries will be checked and locked by a quorum of Masternodes.  If the miner doesn't do what they say, it gets rejected.  Why does this work?  Because the MNs are chosen randomly and the quorum members check against each other.

So, sure, Solarminer, you could use something, a number, whatever in a newspaper to choose something like quorums, but the question is, where do you get the wide ranging, widely owned MNs or whatever you want to call them, to secure the ledger?  You need a wide ranging network with many self interested parties to make this work.  How does a bank get that?

All you need is a reference that doesn't change.  A newspaper clipping has a date, is verifiable, and won't change.  Put your data in that newspaper and it is locked in.  Once in the public domain anyone can verify data on a past newspaper.

Don't confuse masternodes and miners.  The miners find/secure the blocks and add transactions.  Masternodes lock the transactions.  The actual securing the blockchain is still done with miners.  But it doesn't have to be miners like the example above.

[aleix]

So many people are touting "Blockchain Technology" but I wonder how they secure it?  In house?  I just don't understand who is mining the coins, how is it leveraged so that it's trustless.  They have to understand that part, thus they must have a way to do it.  Does anyone know how they're doing it?
http://www.coindesk.com/chain-issues-investor-shares-nasdaq-linq/

What do you mean exactly?

Well, bitcoin secures the blockchain with mining.  Everyone competes for the right to check and add entries into the blockchain ledger and earn a reward, and the others check it.  As long as nobody has the ability to predict that they will win the block a couple of times in a row or so, they shouldn't be able to double spend or insert things that don't belong in the chain.  Otherwise it's just a ledger.  

In Dash Evo, it will pretty much only be a competition to earn the reward and do the duty of entering transactions into the blockchain, no checking, no choosing (I believe).  The entries will be checked and locked by a quorum of Masternodes.  If the miner doesn't do what they say, it gets rejected.  Why does this work?  Because the MNs are chosen randomly and the quorum members check against each other.

So, sure, Solarminer, you could use something, a number, whatever in a newspaper to choose something like quorums, but the question is, where do you get the wide ranging, widely owned MNs or whatever you want to call them, to secure the ledger?  You need a wide ranging network with many self interested parties to make this work.  How does a bank get that?

That's the question we are all wondering now regarding the new "Blockchain fever" in the economic media. My guess is, they don't have a clue what they are talking about.

Blockchain for the banking system? I want to  see how that happen.

[qwizzie]

https://twitter.com/Instacoin/status/683030039433228288
With over 14 Lamassu ATMs in Canada (and many more coming in 2016), we are very interested in adding DASH #bitcoin

http://instacoinatm.com/index-en.html
Although the Bitcoin industry has adopted the term ATM, Instacoin ATMs differ from the traditional automated teller machines you'd associate with banks. Instacoin Bitcoin ATMs are vending machines. Instacoin does not offer any money service or financial product or service. A bank ATM is associated to your bank account and lets you withdraw your money whereas a Bitcoin ATM lets you buy Bitcoin with your money ($CAD).

Thats very good news, thanks for letting us know.

[TaoOfSaatoshi]

https://twitter.com/Instacoin/status/683030039433228288
With over 14 Lamassu ATMs in Canada (and many more coming in 2016), we are very interested in adding DASH #bitcoin

http://instacoinatm.com/index-en.html
Although the Bitcoin industry has adopted the term ATM, Instacoin ATMs differ from the traditional automated teller machines you'd associate with banks. Instacoin Bitcoin ATMs are vending machines. Instacoin does not offer any money service or financial product or service. A bank ATM is associated to your bank account and lets you withdraw your money whereas a Bitcoin ATM lets you buy Bitcoin with your money ($CAD).

Thanks for posting! I'm all over that RT!

[Otoh]

Looks like Otoh just moved his support wall of 9.9K Dash from 0.0055 to 0.007
http://dc-charts.com/depth_dash.php?ex=16&cu=0&tz=5&ar=1

qwizzie looks like you didn`t follow the charts a bit
The BID has appeared 3-4 days ago.

No, he's right. 9.9K DASH at James Bond...  



https://twitter.com/taoofsatoshi/status/683767528502505472

Yep, my bids have been there for a quite good few days now, approx 65 BTC worth @ .007 = currently around $3

[TanteStefana2]

So many people are touting "Blockchain Technology" but I wonder how they secure it?  In house?  I just don't understand who is mining the coins, how is it leveraged so that it's trustless.  They have to understand that part, thus they must have a way to do it.  Does anyone know how they're doing it?
http://www.coindesk.com/chain-issues-investor-shares-nasdaq-linq/

What do you mean exactly?

Well, bitcoin secures the blockchain with mining.  Everyone competes for the right to check and add entries into the blockchain ledger and earn a reward, and the others check it.  As long as nobody has the ability to predict that they will win the block a couple of times in a row or so, they shouldn't be able to double spend or insert things that don't belong in the chain.  Otherwise it's just a ledger.  

In Dash Evo, it will pretty much only be a competition to earn the reward and do the duty of entering transactions into the blockchain, no checking, no choosing (I believe).  The entries will be checked and locked by a quorum of Masternodes.  If the miner doesn't do what they say, it gets rejected.  Why does this work?  Because the MNs are chosen randomly and the quorum members check against each other.

So, sure, Solarminer, you could use something, a number, whatever in a newspaper to choose something like quorums, but the question is, where do you get the wide ranging, widely owned MNs or whatever you want to call them, to secure the ledger?  You need a wide ranging network with many self interested parties to make this work.  How does a bank get that?

All you need is a reference that doesn't change.  A newspaper clipping has a date, is verifiable, and won't change.  Put your data in that newspaper and it is locked in.  Once in the public domain anyone can verify data on a past newspaper.

Don't confuse masternodes and miners.  The miners find/secure the blocks and add transactions.  Masternodes lock the transactions.  The actual securing the blockchain is still done with miners.  But it doesn't have to be miners like the example above.

But if you're dealing with money, or coins, then you don't want someone to be able to print themselves coins, so what do you do?  Everyone on a distributed network like Bitcoin is in it for themselves, there is no need for trust.  How does a bank or Nasdaq do this without a centralized network?  Or more to the original question; how did they build their decentralized networks?  Who is a part of it? How do they achieve distribution?  Otherwise it's just a ledger.  Just a centralized ledger.

[TanteStefana2]

https://twitter.com/Instacoin/status/683030039433228288
With over 14 Lamassu ATMs in Canada (and many more coming in 2016), we are very interested in adding DASH #bitcoin

http://instacoinatm.com/index-en.html
Although the Bitcoin industry has adopted the term ATM, Instacoin ATMs differ from the traditional automated teller machines you'd associate with banks. Instacoin Bitcoin ATMs are vending machines. Instacoin does not offer any money service or financial product or service. A bank ATM is associated to your bank account and lets you withdraw your money whereas a Bitcoin ATM lets you buy Bitcoin with your money ($CAD).

Because people are only buying bitcoin, do your customers still have to give out their Passport, retina scan, finger print, body search, god knows what else the guv wants?  Or is it much less?  

BTW, that's griping at the government, not  your services, though I'd like to know what's required to buy   And I'm very thankful you all are doing this

[tungfa]

New Dash Budget Discussion /Detail Page

https://dash.consider.it

Tx @buster
looking great !

[TaoOfSaatoshi]

New Dash Budget Discussion /Detail Page

https://dash.consider.it

Tx @buster
looking great !

Took a look, like the style of it.

[TanteStefana2]

New Dash Budget Discussion /Detail Page

https://dash.consider.it

Tx @buster
looking great !

What does S, M or O mean?

[DailyModo]

Sold the last of my dash today. I have about 600 left after I sold last week. I hope it goes down now so I can get back more coins.

[tungfa]

New Dash Budget Discussion /Detail Page

https://dash.consider.it

Tx @buster
looking great !

What does S, M or O mean?

they are just the shorts for people logged in and giving opinions

[TaoOfSaatoshi]

Chinese stock markets getting pounded. Dow will be next. Bitcoin and Dash getting bounces.

[toknormal]

Sold the last of my dash today. I have about 600 left after I sold last week. I hope it goes down now so I can get back more coins.

Out of interest, why did you pick now to sell, right at the end of the 4-hour correction when the sell-off momentum has almost completed its cycle and is now threatening to cross back over to the upside ?

[toknormal]

Chinese stock markets getting pounded. Dow will be next. Bitcoin and Dash getting bounces.

Europe currently in full tanking mode. They had to close the Chinese market this morning to stop it from selling off.

The Road Ahead:

Fed raise rates --> tank emerging markets --> tank european markets --> tank US markets --> recession --> massive deflation --> unsustainable sovereign debt-to-GDP ratios --> defaults --> Central Banks: oops, better print more cash --> massive inflation --> currency confidence crisis --> monetary collapse --> IMF: it's ok, we've got a standby world currency called "Special Drawing Rights", lets everybody use that --> reset --> one world currency.

Bewildered public who lost all their money: "You 'bar-stewards'. That was the plan all along   ".

SDR: A co-operative tri-partheid project by Christine, Janet, Barrak and the Chinese. The IMF is brokering the new currency, the Chinese are capitalising it and the US (globalist lobby) are taking care of detonating the legacy ship with perfect timing to push people into the SDR lifeboat  

[volyova]

Chinese stock markets getting pounded. Dow will be next. Bitcoin and Dash getting bounces.

Europe currently in full tanking mode. They had to close the Chinese market this morning to stop it from selling off.

The Road Ahead:

Fed raise rates --> tank emerging markets --> tank european markets --> tank US markets --> recession --> massive deflation --> unsustainable sovereign debt-to-GDP ratios --> defaults --> Central Banks: oops, better print more cash --> massive inflation --> currency confidence crisis --> monetary collapse --> IMF: it's ok, we've got a standby world currency called "Special Drawing Rights", lets everybody use that --> reset --> one world currency.

Bewildered public who lost all their money: "You 'bar-stewards'. That was the plan all along   ".

SDR: A co-operative tri-partheid project by Christine, Janet, Barrak and the Chinese. The IMF is brokering the new currency, the Chinese are capitalising it and the US (globalist lobby) are taking care of detonating the legacy ship with perfect timing to push people into the SDR lifeboat  

You forgot death, blood and suffering. :-/

[toknormal]

You forgot death, blood and suffering. :-/

Yeah - that as well  

Better get one of these.

[stan.distortion]

Chinese stock markets getting pounded. Dow will be next. Bitcoin and Dash getting bounces.

Europe currently in full tanking mode. They had to close the Chinese market this morning to stop it from selling off.

The Road Ahead:

Fed raise rates --> tank emerging markets --> tank european markets --> tank US markets --> recession --> massive deflation --> unsustainable sovereign debt-to-GDP ratios --> defaults --> Central Banks: oops, better print more cash --> massive inflation --> currency confidence crisis --> monetary collapse --> IMF: it's ok, we've got a standby world currency called "Special Drawing Rights", lets everybody use that --> reset --> one world currency.

Bewildered public who lost all their money: "You 'bar-stewards'. That was the plan all along  ".

SDR: A co-operative tri-partheid project by Christine, Janet, Barrak and the Chinese. The IMF is brokering the new currency, the Chinese are capitalising it and the US (globalist lobby) are taking care of detonating the legacy ship with perfect timing to push people into the SDR lifeboat 

You forgot death, blood and suffering. :-/

Yeah, large doses of that if it looks like power's shifting the wrong way, interesting times :/ Don't forget BRICS btw, 2 party economics based on the 2 party US "democratic"(tm) system. If the mainstream media get behind an "end the fed" campaign it's time to panic as the IMF is about to make their winning move and become the "great saviour" from the catastrophe they created for the purpose.

[Sub-Ether]

Europe currently in full tanking mode. They had to close the Chinese market this morning to stop it from selling off.

The Road Ahead:
Fed raise rates --> tank emerging markets --> tank european markets --> tank US markets --> recession --> massive deflation --> unsustainable sovereign debt-to-GDP ratios --> defaults --> Central Banks: oops, better print more cash --> massive inflation --> currency confidence crisis --> monetary collapse --> IMF: it's ok, we've got a standby world currency called "Special Drawing Rights", lets everybody use that --> reset --> one world currency.

Bewildered public who lost all their money: "You 'bar-stewards'. That was the plan all along  ".

You forgot death, blood and suffering. :-/

Yeah, large doses of that if it looks like power's shifting the wrong way, interesting times :/ Don't forget BRICS btw, 2 party economics based on the 2 party US "democratic"(tm) system. If the mainstream media get behind an "end the fed" campaign it's time to panic as the IMF is about to make their winning move and become the "great saviour" from the catastrophe they created for the purpose.

Way I see it, is that certain populations have become 'ponerized'.
This means that a small group of amoral individuals have taken over control and have steadily removed morality and ethics from the culture, typically psycopathic in nature and are far removed and detest normal society.
An example is drone bombing thousands of innocent civilians in multiple countries, there is no outrage any more, there is no right or wrong, of course none of the somewhat minor protests are shown on the main stream news.
The dumbing down, no clear definition of morality or plan and lack of explanation of whats going on leads to ignorance and further ponerization.
Everything Hitler did was legal and cheered by millions of people, in the UK we had all the MP's clapping for war in Syria making glorious speechs about sending drones in to murder potential terrorists (meaning bombing random houses with children in them, same like the Nazi V2 doodlebugs in WW2), but somehow this time, its the 'right' thing to do.
http://www.ponerology.com/evil_2b.html
''The first step in the ponerization of a group often appears as a moral distortion of the group’s original ideology. The existence of simplistic concepts (e.g., whether moral or legal) blocks any ability for critical thought in relation to the existence of psychopaths or their possible influence on the initial warping of the group’s ideology. Such doctrinaire concepts are prevalent in the neoconservative ideology. For example, “You’re either with us or against us (in the War on Terror)” and the completely arbitrary use of the labels “terrorist,” “terrorist sympathizer”, and “suspected terrorist.”''

''Living in a world whose morals and customs are meaningless to them and even seen as oppressive, psychopaths dream of a "happy" and "just" world where their depraved worldview is accepted as reality. They seek, by any means necessary, to achieve positions in government where their dreams can be brought to fruition. If injustice does exist in a society, their statements regarding the 'unfairness' of their situation can resonate with those who actually do experience such injustice. Thus, revolutionary doctrines can be accepted by both groups for diametrically opposed reasons. ''

[tungfa]

SCAM Finder Listing !

"A Listing of Companies under Alert who have been reported to us by concerned Community Members"
http://btcreview.info