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

[dnaleor]

It is perfectly possible (and maybe feasable) to let the masternodes write the blockchain.
Why not? If every transaction is IX, then the masternodes agree and are already responsible for securing the transactions...
So they can just write them to the blockchain as well: let the quorums just write a block.
plus side: DASH gives a bigger incentive to masternodes

If there is a fork and two chains, how do you choose the longest chain in your proposed design if there is no difficulty and the blocks keep coming in both forks in predetermined interval?

How do you do it with miners? How to determine which one to include in a block? Both transactions are valid.
How is this double spend proof?
BTW: The chain can still split in this case.

Ask the Ethereum devs how they'll solve it with their PoS.

[afbitcoins]

14 owner  control about 1868 masternodes.

But there are 3550 masternodes, not 1868.

If this is accurate, this is pretty surprising to me. I would have guessed the top 50% of masternodes were in the hands of just 4 or 5 big whales. 14 is pretty impressive.

14 is better than 4 or 5 but still its a bit worrisome isn't it ? The majority of voting power in hands of such a tiny elite group who effectively can permit budgets that benefit them and block ones that don't. How hard is it for them to know each other and form a cartel. Isn't this recipe for rich getting richer at expense of everyone? In the end this could kill Dash

[ddink7]

14 owner  control about 1868 masternodes.

But there are 3550 masternodes, not 1868.

If this is accurate, this is pretty surprising to me. I would have guessed the top 50% of masternodes were in the hands of just 4 or 5 big whales. 14 is pretty impressive.

14 is better than 4 or 5 but still its a bit worrisome isn't it ? The majority of voting power in hands of such a tiny elite group who effectively can permit budgets that benefit them and block ones that don't. How hard is it for them to know each other and form a cartel. Isn't this recipe for rich getting richer at expense of everyone? In the end this could kill Dash

It's not optimal, but with such a tiny marketcap and such a young project, is definitely to be expected. Honestly, I would not be surprised to see many public corporations with the same distribution of ownership (top 14 holders--pension funds, etc.--with over 50% of the equity). At least in theory, these holders would have strong incentives to do things to help the coin, since doing so increases their own wealth.

[dEBRUYNE]

Second Dash ASIC Miner surfaces : Shooter Chip X11 Miner

** this ASIC miner is unverified at this moment, no testing has been done yet by a Dash Foundation member or a trusted Dash community member  **

ASCI X11 Miner Hashrate 500MH/s @280w Weighs 4.5kg
https://dashtalk.org/threads/asci-x11-miner-hashrate-500mh-s-280w-weighs-4-5kg.8099/

This seems like too much of a coincidence to me. Two ASIC manufacturers posting an announcement only one day apart?

It's likely that their ASICs become obsolete and subsequently they try to "dump" them on gullible investors. See Wolf0's comment as well:

For a long while, my birdies have been chirping about X11 hardware implementations in the wild. I always knew it was possible - as I know some hardware dev, but then the first whispers came. Then more and more. As of late, maybe a couple months ago, it was pretty much confirmed - the sources were almost impeccable. This tells me something, that the tech is SPREADING. This is bad for the people that already have it, and THIS is why that ASIC is being sold. Not reaching 100% ROI on it at this price is nearly certain; it's time to dump the bottom of the barrel ASICs onto people with more money than sense and let the hardware race begin.

https://dashtalk.org/threads/ibelink-dm384m-asic-dash-miner.8070/page-2#post-85031

[dEBRUYNE]

14 owner  control about 1868 masternodes.

But there are 3550 masternodes, not 1868.

If this is accurate, this is pretty surprising to me. I would have guessed the top 50% of masternodes were in the hands of just 4 or 5 big whales. 14 is pretty impressive.

14 is better than 4 or 5 but still its a bit worrisome isn't it ? The majority of voting power in hands of such a tiny elite group who effectively can permit budgets that benefit them and block ones that don't. How hard is it for them to know each other and form a cartel. Isn't this recipe for rich getting richer at expense of everyone? In the end this could kill Dash

It's not optimal, but with such a tiny marketcap and such a young project, is definitely to be expected. Honestly, I would not be surprised to see many public corporations with the same distribution of ownership (top 14 holders--pension funds, etc.--with over 50% of the equity). At least in theory, these holders would have strong incentives to do things to help the coin, since doing so increases their own wealth.

No way the top 14 pension funds hold over 50% over the equity. I would be suprised if they held a few percent. Furthermore, pension funds usually are required to hold a large percentage (think 25-50%) of their assets in "safe investments" such as bonds.

[alex-ru]

Dash Now Trading on Exmo !!

https://dashtalk.org/threads/dash-on-exmo.8102/

https://exmo.com


This is Great news!
(They are TOP-1 Exchange trading Cryptocurrencies for Rubles.)

Barcelona, 1493 -> Columbus announced his discovery (America)

Barcelona, 2016 -> EXMO announced their discovery (DASH)



Just checked depositing DASH on EXMO ...

Confirm: they support depositing (the output is not tested yet) instantly using InstantX !!!

5 seconds elapsed from the moment of sending funds from my wallet - and I have entire amount as "5 confirmations" - (ie I can set orders immediatly).

It's great for those who is doing arbitration on several exchanges!
I hope that soon all the other exchanges, if not will support InstantX of DASH - will be considered ... as if mildly ... "overly conservative" ...

[Otoh]

********************************************

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https://chainz.cryptoid.info/dash/#!wallets

It's pretty accurate, ie #1: XosXcEm3Y6Mv6tmBKd1rUWhqB9Pf1hABj7 has exactly 491 masternodes presently (see updated pic below), of these 11 are owned by friends that I manage them for.

What's interesting is addie #4 with 232,500 DASH all at one address & 9 + 11 with a further 119,421 DASH also not in masternodes, enough for approx 352 more MN if they choose to make them.

[dEBRUYNE]

@Otoh, 9 & 11 might be exchange wallets.

[Otoh]

@Otoh, 9 & 11 might be exchange wallets.

Yep, obviously (no offense), #4 too, still no reason that they couldn't place the bulk of their cold wallets in masternodes if they choose. It does make one think though, have Polo for instance stated that they do use cold wallets, it would be reassuring to know that they did so.

[dEBRUYNE]

@Otoh, 9 & 11 might be exchange wallets.

Yep, obviously (no offense), #4 too, still no reason that they couldn't place the bulk of their cold wallets in masternodes if they choose.

I am not sure if #4 is an exchange address. Activity seems too low for that. Seems more like a large holder that is sending to and receiving from exchanges.

[Otoh]

Ah interesting, I'll look more closely at them, thanks.

[TaoOfSaatoshi]

FROM THE RUMOUR MILL...

Awesome news if true!



http://altcoins.in/bitfinex-adding-ethusd-and-ethbtc-pairs-drk-is-back/

https://twitter.com/taoofsatoshi/status/701908046155534346

[toknormal]

FROM THE RUMOUR MILL...

Awesome news if true!

Watch out. Somebody's been putting up fake pages that certain coins are going on Bitfinex and then doing huge cashouts on the pump on Poloniex.

There was an Ethereum one that set the market on fire for a bit until the page was identified as a fake and the mods started bannhammering everyone who posted the link. (Including me - but I was innocent, didn't realise it was a fake - ok, guilty then but unconsciously so).

Just sayin. Could be true, could not be true. Best wait to see what Bitfinex say.

[dEBRUYNE]

FROM THE RUMOUR MILL...

Awesome news if true!

Watch out. Somebody's been putting up fake pages that certain coins are going on Bitfinex and then doing huge cashouts on the pump on Poloniex.

There was an Ethereum one that set the market on fire for a bit until the page was identified as a fake and the mods started bannhammering everyone who posted the link. (Including me - but I was innocent, didn't realise it was a fake - ok, guilty then but unconsciously so).

Just sayin. Could be true, could not be true. Best wait to see what Bitfinex say.

Good point, such photos could easily be photoshopped.

[BitWater]

I picked up an IBeLink ASIC miner with my masternode profits, will be interesting to see how this works out!

[dEBRUYNE]

Ah interesting, I'll look more closely at them, thanks.

It seems like #4 just send 20k DASH to Poloniex a few hours ago.

https://chainz.cryptoid.info/dash/tx.dws?2300795.htm

&

https://chainz.cryptoid.info/dash/address.dws?XrHLQmgzQtY2oxvkhTeyxXADg48G2CAkYy.htm

[dnaleor]

Ah interesting, I'll look more closely at them, thanks.

It seems like #4 just send 20k DASH to Poloniex a few hours ago.

https://chainz.cryptoid.info/dash/tx.dws?2300795.htm

&

https://chainz.cryptoid.info/dash/address.dws?XrHLQmgzQtY2oxvkhTeyxXADg48G2CAkYy.htm

So DASH isn't that anonymous after all it seems.

[Lebubar]

Ah interesting, I'll look more closely at them, thanks.

It seems like #4 just send 20k DASH to Poloniex a few hours ago.

https://chainz.cryptoid.info/dash/tx.dws?2300795.htm

&

https://chainz.cryptoid.info/dash/address.dws?XrHLQmgzQtY2oxvkhTeyxXADg48G2CAkYy.htm

So DASH isn't that anonymous after all it seems.

 
It's an option you can decide to not use it.

[coins101]

Next proposal:  Get coding to figure out a way to obfuscate x.

[Chronikka]

Ah interesting, I'll look more closely at them, thanks.

It seems like #4 just send 20k DASH to Poloniex a few hours ago.

https://chainz.cryptoid.info/dash/tx.dws?2300795.htm

&

https://chainz.cryptoid.info/dash/address.dws?XrHLQmgzQtY2oxvkhTeyxXADg48G2CAkYy.htm

So DASH isn't that anonymous after all it seems.

This shouldn't surprise anybody. Blockchain analysis is turning into a pretty big field, and the same principles that apply to Bitcoin will apply to DASH. Yes DASH has a mixer, but at its heart it works the same as Bitcoin utilizing addresses and transactions that are publicly accessible and traceable. Unless the DASH team is working non stop to harden their mixing service it will eventually be defeated. Or at least somebody will have a software tool that is able to correlate addresses well enough to de-anonymize the largest users.