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

[conv3rsion]

Hello, I am investigating DASH and am interested in some of its properties but I have a simple question.

How likely is it to fork away now from X11 with the recent creation of X11 ASICs?


I want a PoW coin with privacy, good governance, and staking to encourage people to run nodes, etc.  But if Dash is married to X11 then we are just going to end up in the same situation with severe mining centralization.

So is there a plan to fork away from X11 and how likely is it?

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[Gi01]

I'd like to thank you all for your cheerful and useful replies, learning even more

Thanks

[moocowmoo]

Hello, I am investigating DASH and am interested in some of its properties but I have a simple question.

How likely is it to fork away now from X11 with the recent creation of X11 ASICs?


I want a PoW coin with privacy, good governance, and staking to encourage people to run nodes, etc.  But if Dash is married to X11 then we are just going to end up in the same situation with severe mining centralization.

So is there a plan to fork away from X11 and how likely is it?

X11 is here to stay, but when considering Dash, I recommend you give this issue a lower priority than you normally would.

I can't say more at this time but, in typical Evan fashion, a solution has been identified.

[conv3rsion]

Hello, I am investigating DASH and am interested in some of its properties but I have a simple question.

How likely is it to fork away now from X11 with the recent creation of X11 ASICs?


I want a PoW coin with privacy, good governance, and staking to encourage people to run nodes, etc.  But if Dash is married to X11 then we are just going to end up in the same situation with severe mining centralization.

So is there a plan to fork away from X11 and how likely is it?

X11 is here to stay, but when considering Dash, I recommend you give this issue a lower priority than you normally would.

I can't say more at this time but, in typical Evan fashion, a solution has been identified.

I'm sure its an amazing solution but I'm wondering, what is the benefit to remaining with a single PoW function?  My understanding is the whole purpose behind X11 was to be ASIC resistant. People who have made significant X11 investments have the option of mining and trading other coins. Why not fork again? Was is the downside?

[noobtrader]

Hello, I am investigating DASH and am interested in some of its properties but I have a simple question.

How likely is it to fork away now from X11 with the recent creation of X11 ASICs?


I want a PoW coin with privacy, good governance, and staking to encourage people to run nodes, etc.  But if Dash is married to X11 then we are just going to end up in the same situation with severe mining centralization.

So is there a plan to fork away from X11 and how likely is it?

X11 is here to stay, but when considering Dash, I recommend you give this issue a lower priority than you normally would.

I can't say more at this time but, in typical Evan fashion, a solution has been identified.

I'm sure its an amazing solution but I'm wondering, what is the benefit to remaining with a single PoW function?  My understanding is the whole purpose behind X11 was to be ASIC resistant. People who have made significant X11 investments have the option of mining and trading other coins. Why not fork again? Was is the downside?

it would be nice if we can have multi-algo which taking turn each time to do the pow  or do it 50% each say X11 and hashimoto.
 

[moocowmoo]

I'm sure its an amazing solution but I'm wondering, what is the benefit to remaining with a single PoW function?

Not needing to modify the ecosystem for one.
There are a ton of dependencies to update: electrum, armory, android, ios,
javascript, c libraries, python libraries, and many more I don't know about.

My understanding is the whole purpose behind X11 was to be ASIC resistant.

And it did resist, for two years.  Enough time for Evan to engineer a solution to mining centralization.

People who have made significant X11 investments have the option of mining and trading other coins.

Of course.

Why not fork again? Was is the downside?

As I mentioned before, changing a coins POW hash is non-trivial.
And in Dashs case, unnecessary.

There are much better ways to spend development time.

[conv3rsion]

And it did resist, for two years.  Enough time for Evan to engineer a solution to mining centralization.

If thats actually true then Dash will become the most valuable cryptocurrency.

Knowing about nothing about "the solution" I sincerely hope its not some game-theory susceptible PoS crap.

The infrastructure could haven built in such a way that changing the PoW algorithm would have been regularly planned and trivial. That may end up being an opportunity for a future competitor.

Anyway, I like Dash overall and its definitely something I'm keeping my eye on.

[stan.distortion]

Hello, I am investigating DASH and am interested in some of its properties but I have a simple question.

How likely is it to fork away now from X11 with the recent creation of X11 ASICs?


I want a PoW coin with privacy, good governance, and staking to encourage people to run nodes, etc.  But if Dash is married to X11 then we are just going to end up in the same situation with severe mining centralization.

So is there a plan to fork away from X11 and how likely is it?

https://www.dashwhale.org/p/change-X11

[moocowmoo]

If thats actually true then Dash will become the most valuable cryptocurrency.

That's what we're going for.

Knowing about nothing about "the solution" I sincerely hope its not some game-theory susceptible PoS crap.

Nope, nothing like that. It's much more elegant and constrained.

[Macno]

If thats actually true then Dash will become the most valuable cryptocurrency.

That's what we're going for.

Knowing about nothing about "the solution" I sincerely hope its not some game-theory susceptible PoS crap.

Nope, nothing like that. It's much more elegant and constrained.

When is this going to be published? Days, weeks?

[kointrend]

A bit depressing...but lol

https://pbs.twimg.com/media/CeaKOHLUAAElO8g.png:large

[moocowmoo]

If thats actually true then Dash will become the most valuable cryptocurrency.

That's what we're going for.

Knowing about nothing about "the solution" I sincerely hope its not some game-theory susceptible PoS crap.

Nope, nothing like that. It's much more elegant and constrained.

When is this going to be published? Days, weeks?

I'd guess months. Lots to do first.
Evolution is groundbreaking, but there's a lot of ground to break still.

I only want to save the community from thousands (collectively) of hours debating what needs to be done about ASICs. It's no longer an issue.

[kointrend]

A bit depressing...but lol

https://pbs.twimg.com/media/CeaKOHLUAAElO8g.png:large

i need one, dash only version please

Sure, but take care...my wife was laughing seeing that...but after two seconds she got serious 

[stealth923]

If thats actually true then Dash will become the most valuable cryptocurrency.

That's what we're going for.

Knowing about nothing about "the solution" I sincerely hope its not some game-theory susceptible PoS crap.

Nope, nothing like that. It's much more elegant and constrained.

When is this going to be published? Days, weeks?

I'd guess months. Lots to do first.
Evolution is groundbreaking, but there's a lot of ground to break still.

I only want to save the community from thousands (collectively) of hours debating what needs to be done about ASICs. It's no longer an issue.

If only I could somehow get inside your head to know all the details!

Cant wait for Evolution - going to be epic.

[Macno]

On the subject of "Most valuable crypto", a niece piece discussing BTC and ETH:

Is Ethereum better than Bitcoin?
http://forums.prohashing.com/viewtopic.php?t=778&fb_action_ids=10208551994494628&fb_action_types=og.likes

I guess it is kind of intended to be pro ETH but it also clearly outlines the flaws of ETH as a monetary asset/currency and when I was reading this I kept thinking "thanks god we don`t have any of these problems in DASH".

[TaoOfSaatoshi]

Tune into Bitcoin Rush next Friday where I describe the thinking behind Dash Nation and the Tao Index. Tone_LLT will appear on this show in The Open Minute as well. For those who don't like Rush, just mute his parts!

[TanteStefana2]

I'm sure its an amazing solution but I'm wondering, what is the benefit to remaining with a single PoW function?

Not needing to modify the ecosystem for one.
There are a ton of dependencies to update: electrum, armory, android, ios,
javascript, c libraries, python libraries, and many more I don't know about.

My understanding is the whole purpose behind X11 was to be ASIC resistant.

And it did resist, for two years.  Enough time for Evan to engineer a solution to mining centralization.

People who have made significant X11 investments have the option of mining and trading other coins.

Of course.

Why not fork again? Was is the downside?

As I mentioned before, changing a coins POW hash is non-trivial.
And in Dashs case, unnecessary.

There are much better ways to spend development time.

Just wanted to add, Evan said in the very beginning that he wanted X11 to hold off ASICs until Xcoin/Darkcoin/Dash had a large enough network to take it (and it does, the difficulty hasn't gone up that much).  He was hoping for two years, and I think it's funny that he predicted well (he seems to bat 1000)  Anyway...

Yes, no need to change algos, and it would be a nasty thing to do to the miners who have always supported Dash and bought the ASICs.  It's not their fault that they want to increase their hash, it's only natural.  However, finding a solution to centralization is very important, so I'm very excited to hear what Evan has come up with!

Even with centralization of mining, Dash isn't in the same situation with Miners who don't want to update because Masternodes have vito power.  They can reject blocks if they're not paying out properly or, if we had to, not filling up the blocks, trying to put something in that wasn't approved by MN quorums... etc.  Someone else will always do the job happily.  So I never worried about this.

As for the list of things that you want from a coin, you get all of that with Dash, but you also get a whole lot more.  You get instant transactions, privacy and soon super ease of use, easier than any other existing payment systems.  Plus, we have arguably the best network in existence now.  You could say it's better than Bitcoin because their "full nodes" are run by Chinese miners without bandwidth or by volunteers from home networks (no bandwidth) and their market cap is still 135 times larger and volume 61 times larger than Dash, yet we have nearly as many full nodes running, most of which are high quality, fast and large piped, dedicated nodes.  Mine are on the basic side, they run on 4 cpu, 1GB memory, 65GB storage 1.5 TB bandwidth usage.  It's really the memory that slows my babies down

[TanteStefana2]

Nope, nothing like that. It's much more elegant and constrained.

Isn't it always?  You guys are so brilliant!  I was thinking about our dear competitors, and realized in the end, after much mathematics and obfuscation, the results are actually the same as Dash.  The payments are "mixed" with 2 other fake payments, and you can't tell which was real.  All that convoluted mess resulting in a blockchain that can't be deciphered, can't be double checked on, for essentially the same results.  And all Evan had to do was pre-mix denominated funds ready to be spent when needed.

And instantX.... 2 tiered network.... budgeting and governance.... it's all elegant, "simple as it can be, but no simpler" A. Einstein.

[TanteStefana2]

A bit depressing...but lol

https://pbs.twimg.com/media/CeaKOHLUAAElO8g.png:large

LOL, that was good.  I'd probably be the guy LOL!

[TanteStefana2]

Tune into Bitcoin Rush next Friday where I describe the thinking behind Dash Nation and the Tao Index. Tone_LLT will appear on this show in The Open Minute as well. For those who don't like Rush, just mute his parts!

I'm so busy all the time, but I did catch up on a whole bunch of his shows a few days ago (or maybe a little more)  I like his show along with Amanda's because they're my window to what's going on out there, outside Dash, without having to visit any of them, LOL.