tungfa
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February 25, 2016, 04:49:10 AM |
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god dam are they FAST ! whow just did a test deposit and yes, you can not beat speed !
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Varvarin
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No good deed goes unpunished
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February 25, 2016, 07:47:14 AM |
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...
One of DASH's major selling points was that it is ASIC resistant. We should keep it this way, to avoid centralization!
Oh I need a laugh 1st thing this morning. Not one but two jokes ... Thanks
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Macrochip
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February 25, 2016, 08:29:18 AM |
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Why does everyone commit the same blunder? Why do you keep comparing Dash with every other crypto?
Miners do not care very much about the long term success of Dash. If it tanks, they'll sell it off and mine the next coin. But miners are not the only group with a say in Dash.
We have Blockchain Governance and Masternode operators. They are very much interested to see Dash succeed because of their substantial investment. Thus they will vote any harmful mining cartels out of the network. With a simple hard fork we can switch algorithm and boom, all those ASICs become worthless. Therefore controlling the hashrate is not a big enough leverage to harm Dash anymore. To other cryptos it still is. But we are not other cryptos.
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GhostPlayer
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February 25, 2016, 08:31:02 AM |
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Man, you are simply the worse type of troll ever. It's like you don't even try and only care about post count. Yes, X11 was indeed created to be ASIC resistant. ASIC resistant does NOT = ASIC free, incompatible, or impossible. Resistant; offering resistance to something or someone. "some of the old churches are resistant to change" When there is enough incentive, money and will, anything is possible.
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tungfa
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February 25, 2016, 09:11:32 AM |
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Ghost Ghost Ghost is he pulling your leg again do you fall for the old troll trick come on brother, you know better than that ...
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toknormal
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February 25, 2016, 09:19:22 AM |
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come on brother, you know better than that ...
I think Ghost made a very relevant point which added scope to the debate on ASICs. It's true that he was having his chain pulled but it's still a point worth making I think
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tungfa
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February 25, 2016, 09:52:35 AM |
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come on brother, you know better than that ...
I think Ghost made a very relevant point which added scope to the debate on ASICs. It's true that he was having his chain pulled but it's still a point worth making I think no doubt ghost always makes good points, i am NOT questioning that
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Macrochip
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February 25, 2016, 09:54:18 AM |
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Latest attendance list for the round table. For fun, pick one of the faces behind the troll campaigns that we encounter on this forum Confirmed 2016 Participants include (in alphabetical order):[...] Riccardo Spagni, Monero [...] Brought to you and paid for by Gambling Losses™
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iCEBREAKER
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Crypto is the separation of Power and State.
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February 25, 2016, 10:16:19 AM |
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Latest attendance list for the round table. For fun, pick one of the faces behind the troll campaigns that we encounter on this forum Confirmed 2016 Participants include (in alphabetical order):[...] Riccardo Spagni, Monero [...] Brought to you and paid for by Gambling Losses™ Let's try and stay on topic. I'd still like to know who was selling Dash on the basic of "ASIC resistance" and what reasons they had for claiming X11 is anything but trivially discretized.
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| "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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toknormal
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February 25, 2016, 10:46:17 AM |
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no doubt ghost always makes good points, i am NOT questioning that I know you weren't, it's just that there's more to 'chain pulling' than meets the eye I think. It's part of establishing a strong market presence ("rights of passage" if you like) that an asset must have its tyres kicked and have its "worst case scenarios" paraded in public in the most negative light. If it survives that process then it has a very consolidating effect on confidence which is what's happened with Dash. A lot of people say we shouldn't respond to trolls, but I find that a lot of my most challenging thinking got done in response to nonsense claims and assertions in so called "troll posts". Obviously a balance has to be struck. There's a case for ignoring nonsense and there's sometimes a case for posting well made arguments in response to challenges, albeit that they are made in a brattish, provocative tone. I hold my hands up. On the odd over-relaxed Friday night, yours truly may himself drift slightly off track, but I think this thread does a pretty good job of striking that balance considering that it started uncensored and remains so to this day. Thats quite a tall order and should be applauded
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iCEBREAKER
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Crypto is the separation of Power and State.
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February 25, 2016, 10:47:06 AM |
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Latest attendance list for the round table. For fun, pick one of the faces behind the troll campaigns that we encounter on this forum Confirmed 2016 Participants include (in alphabetical order):[...] Riccardo Spagni, Monero [...] Brought to you and paid for by Gambling Losses™ It's a legit legal site isn't it? Well it is not like I have accused Riccardo of being a XMR mining botnet master or anything cough, cough, errrm Let's try and stay on topic. I'd still like to know who was selling Dash on the basic of "ASIC resistance" and what reasons they had for claiming X11 is anything but trivially discretized.
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| "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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toknormal
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February 25, 2016, 11:20:55 AM |
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Dash 12-hour EMA and OBV just crossing their respective moving averages to the upside for the first time since the start of February. (The OBV's the more interesting one cos it alludes to what the EMA's about to do).
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Wintermute
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February 25, 2016, 11:29:33 AM |
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Man, you are simply the worse type of troll ever. It's like you don't even try and only care about post count. Yes, X11 was indeed created to be ASIC resistant. ASIC resistant does NOT = ASIC free, incompatible, or impossible. Resistant; offering resistance to something or someone. "some of the old churches are resistant to change" When there is enough incentive, money and will, anything is possible. Correct. Not ASIC resistant forever, no algo is. Thanks for the clarification. The problem is that ASIC leads to a lot of concentration. ASIC producers naturally also mine a lot of coins so their influence expands from a mining level to the masternodes. If we switch the mining algo people will realize that an investment in ASIC is not worth it and DASH will remain decentralized. The algo can also be switched every year or so to make it very clear that we want DASH to remain decentralized on all levels. It is very likely that ASIC companies already pay some people to support ASIC and to claim that it is a good thing. ASIC will transfer power from the community to manufacturers and lead to centralization.
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dEBRUYNE
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February 25, 2016, 11:38:08 AM |
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Latest attendance list for the round table. For fun, pick one of the faces behind the troll campaigns that we encounter on this forum Confirmed 2016 Participants include (in alphabetical order):[...] Riccardo Spagni, Monero [...] Brought to you and paid for by Gambling Losses™ It's a legit legal site isn't it? Well it is not like I have accused Riccardo of being a XMR mining botnet master or anything cough, cough, errrm Perhaps you guys should've read the FAQ, which states: The house edge on MoneroDice is 1%. In other words, over time and across thousands of bets the MoneroDice operators will earn 1%. For some users this has a minimal effect, for some it has an effect that is a little larger. This cut helps us fund expensive costs, such as the server, the website itself, and so on. Once our costs are covered, all profits go to Monero core development.
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dEBRUYNE
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February 25, 2016, 11:40:58 AM |
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Man, you are simply the worse type of troll ever. It's like you don't even try and only care about post count. Yes, X11 was indeed created to be ASIC resistant. ASIC resistant does NOT = ASIC free, incompatible, or impossible. Resistant; offering resistance to something or someone. "some of the old churches are resistant to change" When there is enough incentive, money and will, anything is possible. Correct. Not ASIC resistant forever, no algo is. Thanks for the clarification. The problem is that ASIC leads to a lot of concentration. ASIC producers naturally also mine a lot of coins so their influence expands from a mining level to the masternodes. If we switch the mining algo people will realize that an investment in ASIC is not worth it and DASH will remain decentralized. The algo can also be switched every year or so to make it very clear that we want DASH to remain decentralized on all levels. It is very likely that ASIC companies already pay some people to support ASIC and to claim that it is a good thing. ASIC will transfer power from the community to manufacturers and lead to centralization. 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. It remains to be seen if that is possible and how large the advantage of ASICs will be.
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GhostPlayer
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February 25, 2016, 12:47:12 PM |
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Ghost Ghost Ghost is he pulling your leg again do you fall for the old troll trick come on brother, you know better than that ... tungy, we all know who iCey is... I profit from his FUD to set the record straight for the rest of the populous
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bandidorl
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February 25, 2016, 12:51:37 PM |
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Man, you are simply the worse type of troll ever. It's like you don't even try and only care about post count. Yes, X11 was indeed created to be ASIC resistant. ASIC resistant does NOT = ASIC free, incompatible, or impossible. Resistant; offering resistance to something or someone. "some of the old churches are resistant to change" When there is enough incentive, money and will, anything is possible. Correct. Not ASIC resistant forever, no algo is. Thanks for the clarification. The problem is that ASIC leads to a lot of concentration. ASIC producers naturally also mine a lot of coins so their influence expands from a mining level to the masternodes. If we switch the mining algo people will realize that an investment in ASIC is not worth it and DASH will remain decentralized. The algo can also be switched every year or so to make it very clear that we want DASH to remain decentralized on all levels. It is very likely that ASIC companies already pay some people to support ASIC and to claim that it is a good thing. ASIC will transfer power from the community to manufacturers and lead to centralization. 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. It remains to be seen if that is possible and how large the advantage of ASICs will be. Yes, you are right, that´s your opinion, and like they say opinions are like assholes. Everybody has one.
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GhostPlayer
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February 25, 2016, 12:51:58 PM |
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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. It remains to be seen if that is possible and how large the advantage of ASICs will be.
Well, that is just absolutely wrong opinion, because what you say is either done by default producing ASIC on purpose for that effect, or you have a crystal ball to see the future. To clarify, X11 was created to chain 11 algo's together so it would be a nightmare to simply tweak a know FPGA procedure and start hashing Dash. It is so complicated, it requires massive amount of work and dedication. Hence the "resistant". So we would have a long period of CPU, then GPU, and then yes, ASICs, when the market dictates, which it did.
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GhostPlayer
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February 25, 2016, 12:53:53 PM |
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InstantX has nothing to do with Darksend. Two completely different things. dnaleor, not much of a brain after all...
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