|
iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 09, 2016, 10:41:26 PM |
|
Seriously, though: Instamine. Yes, the Instamine is a serious problem for Dash. It scares away people like Tone Vays (if not the low information religious/greedy types). But the terrible optics aren't the only issue Dash's instamine causes, as the skewed distribution compounds the problem(s) described here: http://blog.oleganza.com/post/144087873288/problem-with-proof-of-stake-and-coin-voting-inProblem with Proof of Stake and “coin voting” in general
The problem with “voting by coins” is that most coins do not vote. This leaves a small fraction of UTXO to actually vote which is not representative and highly volatile since anyone risking to use idle keys to a large stash of coins can dramatically affect the voting outcome.
Most coins are locked up well “under matress” with multisig, time locks and possibly even with HSM-controlled keys. Also, pubkeys to long-term stashes do not want to be exposed from under their hashes in order to be better protected against a QC development in the long term.
In other words, most coins that matter, cannot and will not vote.
This leaves only the least important coins to perform voting. Obviously, the result of such voting will be worthless.
|
██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
|
| "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
|
| | |
|
|
|
stealth923
Legendary
Offline
Activity: 1036
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 09, 2016, 10:49:27 PM |
|
Why are you back here - oh thats right - your shitcoin Muner0 is going down the toilet again..... Dont forget to collect your payment from Risto for that post.
|
|
|
|
iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 09, 2016, 11:43:15 PM |
|
Seriously, though: Instamine. Yes, the Instamine is a serious problem for Dash. It scares away people like Tone Vays (if not the low information religious/greedy types). But the terrible optics aren't the only issue Dash's instamine causes, as the skewed distribution compounds the problem(s) described here: http://blog.oleganza.com/post/144087873288/problem-with-proof-of-stake-and-coin-voting-inProblem with Proof of Stake and “coin voting” in general
The problem with “voting by coins” is that most coins do not vote. This leaves a small fraction of UTXO to actually vote which is not representative and highly volatile since anyone risking to use idle keys to a large stash of coins can dramatically affect the voting outcome.
Most coins are locked up well “under matress” with multisig, time locks and possibly even with HSM-controlled keys. Also, pubkeys to long-term stashes do not want to be exposed from under their hashes in order to be better protected against a QC development in the long term.
In other words, most coins that matter, cannot and will not vote.
This leaves only the least important coins to perform voting. Obviously, the result of such voting will be worthless. Why are you back here - oh thats right - your shitcoin Muner0 is going down the toilet again..... Dont forget to collect your payment from Risto for that post. Why are you so afraid of discussing the "Problem with Proof of Stake and “coin voting” in general" article I posted? It as written by a crypto/security expert (not me), so your attacks on the messenger (me) don't do anything to deflect the message. Isn't substantial discussion of real issues a welcome relief from the endless DashSpam cheerleading?
|
██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
|
| "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
|
| | |
|
|
|
MasterMined710
Legendary
Offline
Activity: 1182
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 10, 2016, 02:31:11 AM |
|
http://blog.oleganza.com/post/144087873288/problem-with-proof-of-stake-and-coin-voting-inProblem with Proof of Stake and “coin voting” in general
The problem with “voting by coins” is that most coins do not vote. This leaves a small fraction of UTXO to actually vote which is not representative and highly volatile since anyone risking to use idle keys to a large stash of coins can dramatically affect the voting outcome.
Most coins are locked up well “under matress” with multisig, time locks and possibly even with HSM-controlled keys. Also, pubkeys to long-term stashes do not want to be exposed from under their hashes in order to be better protected against a QC development in the long term.
In other words, most coins that matter, cannot and will not vote.
This leaves only the least important coins to perform voting. Obviously, the result of such voting will be worthless. off-line masternode voting via trezor solves this problem. next.
|
|
|
|
moocowmoo
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 10, 2016, 02:43:30 AM |
|
...
off-line masternode voting via trezor solves this problem. next. Coins have nothing to do with voting. Nothing at all. Coins may stay safely locked down and votes can still be cast. These potential security concerns have been solved long ago. Thanks to Evan, Dash is three steps ahead.
|
|
|
|
Minotaur26
Legendary
Offline
Activity: 1092
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 10, 2016, 01:34:55 PM |
|
|
|
|
|
|
TaoOfSaatoshi
Legendary
Offline
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 03:46:57 AM |
|
|
|
|
|
DonQuijote
Legendary
Offline
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 11:07:46 AM |
|
Does anyone have the autostart script? (masternode) I have a rebel VPS lol
|
THE INGENIOUS GENTLEMAN DON QUIXOTE OF LA MANCHA
|
|
|
|
tombtc
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 01:48:04 PM |
|
Breaking out? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F88hSUt2.jpg&t=665&c=rifZr_1vz_lQNQ)
|
|
|
|
balu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 02:21:26 PM Last edit: May 11, 2016, 06:06:20 PM by balu |
|
Breaking out?
Nah, liquidity is way low for that. The increase from 145 to 150 was most probably 1 person buying a couple of masternodes. I wouldn't draw such consequences yet. Breaking out may happen when there are news, like the delivery of 12.1, integration with Lamassu/Shakepay, etc. Still, I see lot of work happening under the hood, and I'm very optimistic, but delivery is king ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
superplus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 06:40:33 PM |
|
0.018 next checkpoint
|
|
|
|
qwizzie
Legendary
Offline
Activity: 2548
Merit: 1245
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 07:15:48 PM |
|
|
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
|
|
|
pille
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 07:32:25 PM |
|
Anyone knows what happened to the BTC38 DASH/CNY market? I know that they wanted to accumulate some Dash first, but quite some time went by now.
|
|
|
|
|
BitWater
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 402
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 11, 2016, 09:15:36 PM |
|
Polls order book makes it look exceptionally strong on the bid side, it's almost out of sight!
|
|
|
|
tungfa
Legendary
Offline
Activity: 1834
Merit: 1023
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 12, 2016, 01:00:38 AM |
|
Brave New Books Now Accepting Dash Crypto!Shop online with Dash here:http://bravenewbookstore.com https://youtu.be/RvzovzjveTk
|
|
|
|
|
|