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

[tungfa]

ASICs:  QED

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.bh0mvpxsc

Is that why Bitcoin's been going bananas?

Yes.

The centralised mining cartel have given their blessing to make some changes. 

Millions of users, but ASICs put control into the hands of a small group.  If the Chinese government cared enough, it would be pulling the strings of those people.

corrupt chinese officials are making a ton of money supplying free electricity to these farms ; )
the poorest provinces (Sichuan, Ganzu,...) with huge Hydro dams are the once with the big farms
 
chinese style

[tungfa]

[dEBRUYNE]

DASH was billed as ASIC resistant. So that has to be taken into consideration.

"resistant" means that somebody would have to invest a lot of time and trouble to pull it off.  In this case, somebody cared enough to do it. 

Not really in my opinion, resistant means that once ASICs are out they won't have a large advantage over the GPU/CPU miners and the latter group can still compete with them.

[entropycoin]

Has there been any recent talk of incentivizing liquidity providers to expedite the darksend mixing process? I'm at >24hrs and counting of a 3 round mix of 20 drk. 

[Jestah]

Has there been any recent talk of incentivizing liquidity providers to expedite the darksend mixing process? I'm at >24hrs and counting of a 3 round mix of 20 drk. 

Restart it.   There are 6+ and it does work.  Something is hung on your end.

[toknormal]

Bitcoin has again arrived is at the edge of the fabled Gox Resistance Field.

A monumental cup and handle has formed such as you've never seen in any cryptocurrency chart technicals.

This pattern has taken 2 years to form (so more reliable that the usual poxy little patterns people (including me) identify on 1 and 4 hour charts I would imagine).

Lets see what happens next.

[qwizzie]

https://www.reddit.com/r/dashpay/comments/46uydt/five_days_ago_we_made_our_first_sale_today_is/

[qwizzie]

Bitcoin : From 451 to 436 in like 10 seconds, volatile indeed.
edit : make that to 431

https://bitcoinwisdom.com/markets/bitfinex/btcusd


Dash on the other hand seems to be focussing on a slow but steady rise towards the 0.009 price range again
and regained its 6th ranking position on coinmarketcap.

https://cryptowat.ch/poloniex/dashbtc/4hr

[dnaleor]

DASH was billed as ASIC resistant. So that has to be taken into consideration.

"resistant" means that somebody would have to invest a lot of time and trouble to pull it off.  In this case, somebody cared enough to do it.  

@oaxaca made this point on Slack. If you are a Dash investor, would you like to know that the network is secured by this:


or this:



So there's that...

Nice try.

But the reality is that warehouses of miners are located in the remote hills in China next to hydro plants.  They are behind the great firewall of China.  If you want to visit China to beg one or two miners to support a hard fork then keep kidding yourself that investors give a shit about anything other than a shiny GUI.

I was told that DASH transactions were secured by the masternode network and that the miners only provide a source of entropy for the selecting of the masternodes.
It seems that Ethereum is also going in that direction. They will use PoS with a security deposit system (like the masternodes in DASH): https://www.youtube.com/watch?v=StMBdBfwn8c
(they didn't yet say where their source of entropy will come from though)

It seems that ETH thinks that having no miners at all is more secure that centralized mining like in BTC or (in the future) in DASH.

[GhostPlayer]

I was told that DASH transactions were secured by the masternode network and that the miners only provide a source of entropy for the selecting of the masternodes.
It seems that Ethereum is also going in that direction. They will use PoS with a security deposit system (like the masternodes in DASH): https://www.youtube.com/watch?v=StMBdBfwn8c
(they didn't yet say where their source of entropy will come from though)

It seems that ETH thinks that having no miners at all is more secure that centralized mining like in BTC or (in the future) in DASH.

 That is not correct (in regards to Dash) .

 First off, I thought Eth had quit the PoS idea, but then again I'm not following that closely, but I remember something about Ethash being developed as a Dagger-Hashimoto derivate as a PoW algo to address this issue. Long time since I tried to make sense of Eth's development roadmap.

 MAsternodes do not secure the transactions. Miners do that. Masternodes lock the IX transactions against double-spend, and then the miners secure it forever as good old PoW. Does does not have PoS, it has PoSe (Proof-of-Service).  Also, miners absolutely do not select Masternodes at all. They operate completely independent from each other.

 Unfortunately, mining right now is also already pretty centralized...  

[Macrochip]

I was told that DASH transactions were secured by the masternode network and that the miners only provide a source of entropy for the selecting of the masternodes.

Stop talking to yourself then, because you're blabbering utter nonsense, Roeland. InstantX still relies and will continue to rely on tried and tested Proof of Work.

We know you're angry about the fact that the ASIC industry takes an interest in DASH and invests serious money into hardware to secure our network. Something your shitcoin of choice can only dream of.

Special News Flash for R. Creve from 6 months in the past: Ethereum and Dash are not competitors. Your asshattery doesn't change that.

[dnaleor]

I was told that DASH transactions were secured by the masternode network and that the miners only provide a source of entropy for the selecting of the masternodes.
It seems that Ethereum is also going in that direction. They will use PoS with a security deposit system (like the masternodes in DASH): https://www.youtube.com/watch?v=StMBdBfwn8c
(they didn't yet say where their source of entropy will come from though)

It seems that ETH thinks that having no miners at all is more secure that centralized mining like in BTC or (in the future) in DASH.

 That is not correct (in regards to Dash) .

 First off, I thought Eth had quit the PoS idea, but then again I'm not following that closely, but I remember something about Ethash being developed as a Dagger-Hashimoto derivate as a PoW algo to address this issue. Long time since I tried to make sense of Eth's development roadmap.

 MAsternodes do not secure the transactions. Miners do that. Masternodes lock the IX transactions against double-spend, and then the miners secure it forever as good old PoW. Does does not have PoS, it has PoSe (Proof-of-Service).  Also, miners absolutely do not select Masternodes at all. They operate completely independent from each other.

 Unfortunately, mining right now is also already pretty centralized...  

you do know that the main purpose of a blockchain is the preventing of double spends, do you?
So in DASH, the masternodes secure the blockchain (at least for IX-transactions). But I think I read somewhere that every transaction will be IX once evolution is out.
=> Masternodes secure the DASH blockchain.

[GhostPlayer]

you do know that the main purpose of a blockchain is the preventing of double spends, do you?
So in DASH, the masternodes secure the blockchain (at least for IX-transactions). But I think I read somewhere that every transaction will be IX once evolution is out.
=> Masternodes secure the DASH blockchain.

 I am perfectly aware, thank you.

 I forgot to mention that Masternodes lock the transactions against double spend instantly (hence IX), so you don't need to wait for block confirmation by the miners. Masternodes do not write to block though.

 So to resume, Masternodes permit instant transactions while the miners secure the blockchain.

 By the way, Masternodes also permit anonymity. It's a 2-tier network. The first of it's class. Soon to be a 3-tier.

[qwizzie]

Dash is making a nice little dash forward : 0.00911

Edit : make that 0.0092

6 green candles on a row at 4H : https://cryptowat.ch/poloniex/dashbtc/4hr
Could this be the TN* snapback in action at last ?

*TN = Toknormal 

[BrainShutdown]

Dash is making a nice little dash forward : 0.00911

edit : make that 0.0092

6 green candles on a row at 4H : https://cryptowat.ch/poloniex/dashbtc/4hr

Maybe some anarchapulco effect 

[qwizzie]

Dash is making a nice little dash forward : 0.00911

edit : make that 0.0092

6 green candles on a row at 4H : https://cryptowat.ch/poloniex/dashbtc/4hr

Maybe some anarchapulco effect  

i'm not so sure, for some time now i have noticed that whenever dnaleor & arielbit post together in here the Dash price rises considerably.
coincedance ? i think not !    

Joking aside you could be right with the anarchapulco effect, here is a link to Juan Galt's speech for those that missed it last week :
https://soundcloud.com/heryptohow/roger-ver-vs-joby-weeks-sasha-daygame-juan-galt-jeff-berwick   

[toknormal]

Ouch. Trying to daytrade Dash.

Market has overshot my exit point. Is this because of the Asic stuff ? Do I need to buy right back in or is it coming back ?

Correction required please.

[AlexGR]

DASH was billed as ASIC resistant. So that has to be taken into consideration.

"resistant" means that somebody would have to invest a lot of time and trouble to pull it off.  In this case, somebody cared enough to do it. 

@oaxaca made this point on Slack. If you are a Dash investor, would you like to know that the network is secured by this:


or this:



So there's that...

What type of max performance is being pulled out of a single GPU these days? Does it have room for serious improvement?

[BrainShutdown]

And boommmm

[qwizzie]

And boommmm

damn, almost a new ATH every day these days