Bitcoin Forum
June 22, 2017, 12:32:10 PM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 5986 5987 5988 5989 5990 5991 5992 5993 5994 5995 5996 5997 5998 5999 6000 6001 6002 6003 6004 6005 6006 6007 6008 6009 6010 6011 6012 6013 6014 6015 6016 6017 6018 6019 6020 6021 6022 6023 6024 6025 6026 6027 6028 6029 6030 6031 6032 6033 6034 6035 [6036] 6037 6038 6039 6040 6041 6042 6043 6044 6045 6046 6047 6048 6049 6050 6051 6052 6053 6054 6055 6056 6057 6058 6059 6060 6061 6062 6063 6064 6065 6066 6067 6068 6069 6070 6071 6072 6073 6074 6075 6076 6077 6078 6079 6080 6081 6082 6083 6084 6085 6086 ... 6492 »
  Print  
Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 8270489 times)
Icebucket
Sr. Member
****
Offline Offline

Activity: 409



View Profile
July 17, 2016, 11:27:27 PM



Please try to stay on topic!

Go to Monero thread U shill, Everyone knows who you are and what you are trying to pull U scammer scum  Kiss

https://hashfastscam.wordpress.com/

“Every morning we are born again. What we do today is what matters most.”
― Gautama Buddha
1498134730
Hero Member
*
Offline Offline

Posts: 1498134730

View Profile Personal Message (Offline)

Ignore
1498134730
Reply with quote  #2

1498134730
Report to moderator
1498134730
Hero Member
*
Offline Offline

Posts: 1498134730

View Profile Personal Message (Offline)

Ignore
1498134730
Reply with quote  #2

1498134730
Report to moderator
POLONIEX TRADING SIGNALS
+50% Profit and more via TELEGRAM
ALTCOINTRADER.CO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1498134730
Hero Member
*
Offline Offline

Posts: 1498134730

View Profile Personal Message (Offline)

Ignore
1498134730
Reply with quote  #2

1498134730
Report to moderator
1498134730
Hero Member
*
Offline Offline

Posts: 1498134730

View Profile Personal Message (Offline)

Ignore
1498134730
Reply with quote  #2

1498134730
Report to moderator
MasterMined710
Legendary
*
Offline Offline

Activity: 1070



View Profile
July 18, 2016, 12:57:42 AM

I do know what I'm talking about. I have an MBA with a concentration in Finance and Economics from a top 10 business school, became an associate partner at a worldwide management consulting firm which is widely considered the most prestigious in the industry where I served financial services clients, and most recently led the research and due diligence for the payments sector at a $20 billion investment firm. I am now sought by payments startups to help them with strategy and market positioning. So I'm actually a leading expert in the payments segment.

The paragraph on the "easymine" was not included because you didn't ask about it. But since you are asking now, here is my previous write-up on the subject (updated slightly since the initial post last October).

Let's do some simple math to see whether the early mining data aligns with Evan's claims. Let's assume that Evan (or his colleague) were the ONLY miners for the first 500 blocks (that's the worst case scenario... you can't assume he mined more than 100%). If we simply determine the network hash rate for the first 100 blocks (using the networkhashps command in the Dash wallet), you can see that there was only 12.6kh/s... however, there is a delay between the genesis block and the first "mined" block. If you exclude the genesis block, the hashrate was about 395kh/s. This is probably his hashrate, but let's be conservative and assume it took time to get everything going. From blocks 100-500 the average jumps to 711.2kh/s and appears pretty steady that whole time. Let's assume that this 711.2kh/s is Evan and his friends. They would have gotten about 245,000 of the first 250,000 coins mined (through block 500).

By block 500, things start to change. A few other miners are clearly joining them by this point, but assuming the 711 of the 895 kh/s were theirs from block 500-600, then they still got 79% of those blocks too (worth about 40,000 Dash). If you repeat this process to figure out the share of each block of 100 they got, you get something like the following:

EDIT: The coin start and coin finish are the beginning total coins in circulation and ending coins in circulation for each set of 100 blocks... so the difference is how many were created for each 100 block section... multiply that by the dev's share and you can see where I get the numbers from.


http://imgur.com/Se5USkw

Each row represents 100 blocks. As you can see, by about block 1,000, the hashrate was up dramatically... this is consistent with posts on Bitcointalk of many other miners saying they were up and running. There are a couple of points at which network hash drops, consistent with the fact that a couple of bug fixes went out which probably caused Evan and other miners to stop mining for a brief time to update. By block 2300, Evan and Co's share was probably less than 1% of the network hash rate, by which time these estimates would put them at about 511k coins. After that, there is little chance they got a decent share... maybe another 6,000 coins for the next 1,000 blocks, but basically the party was over by then, so to speak. So if you assume they got about 518k coins by the time they were consistently getting less than 1% of the coins, that represents 7.8% of the current number of coins in circulation... which is very consistent with the statements from Evan that "all of the founders" hold less than 10% of the supply combined as of early 2015 (when the available supply was much lower than even now).

Also, these assumptions are generous to the "instamine" crowd for several reasons:

1) It assumes that Evan was the ONLY miner for the first 500 blocks, which we know isn't true. There was at least one other developer at that time, I believe a friend of Evan's who sold out in the first few months... so the "instamine" would have been split at least between two people
2) It assumes no one else besides those two were mining for the first 500 blocks (which may be the case... we'll never know, but I make this assumption in the interests of being conservative)
3) It assumes that Evan and Co had absolutely no down time for updating their miners when bug fixes came out, which is impossible... any downtime would reduce these assumptions
4) It assumes that once huge amounts of mining power joined beginning at block 500 that Evan didn't start experiencing an elevated level of rejects... this is unlikely as well since blocks were being created so rapidly at that time - literally seconds apart on average - that he and many others reported rejects, getting on wrong chains, having to reset, etc. Evan would have no way to be immune to these issues caused by the rapid creation of the blocks and network latency, so the true "networkhashps" is clearly understated during that period because many blocks were rejected and not counted. This means that my calculations overstate the share of blocks he would have been getting at that time.
5) It assumes that he never sold any Dash

Based on the data, I see no reason to disbelieve Evan and the stated amount of coin that he has. In fact, the data seems to support everything he's said.

As far as the code itself goes, there was no crippled miner (I think you are thinking of Monero). The code that set the mining reward and difficulty was inherited from Litecoin's code and limited the rate that the difficulty and mining reward would change. There is no evidence that it was intentionally planted there, so I tend to believe that Evan just wasn't aware of every line in Litecoin's code when he forked it. Also, Evan never claimed that X11 was GPU only forever. He said it would be ASIC resistant for at least two years, with the intent to follow the same adoption path as Bitcoin (wide distribution through mining, then ASICs later on). That is exactly what happened. No broken promises there. As for why no relaunch or no airdrop of coins or whatever to fix it? All those options were discussed by the community at the time. The community decided those were bad ideas... read the forums from those early days. It was already trading on exchanges and it would have been unfair to those who had purchased coins instead of mining them to reset.

If you want professional discourse and really seek information, I'm happy to provide it. However, this is my last response to you unless you drop loaded language, name calling, swearing, and other unprofessional behavior. Last chance to avoid the ignore button. Actually, I mainly posted here despite your behavior for the benefit of other forum readers... you are spreading misinformation that originated from forum trolls.

great post. i remember it from a while back and was looking for it when debating but could not find it. i'm quoting it now so as not to lose it, thanks.

anyone know where the chart is that shows how many masternodes would have to be owned/nsa compromised to have a chance to deanonymize a transaction? i think it was something like 1% of transactions @ 8 rounds if someone controlled 90% of the masternodes. seems like i remember a official thread on DASHtalk with all the numbers and a chart.

DASH = Digital Cash         FAQ          DASHTALK        DashForceNews
forzendiablo
Legendary
*
Offline Offline

Activity: 1428


the grandpa of cryptos


View Profile
July 18, 2016, 03:00:21 AM

bought EXCL  on Bittrex- PoS clone of DASH and today.. i bought my first DASH!

will want to make masternode here soon

love this technology, how could i miss it before

toknormal
Legendary
*
Offline Offline

Activity: 1288


View Profile
July 18, 2016, 06:40:38 AM


Anyone want out ? Here's your chance.




MasterMined710
Legendary
*
Offline Offline

Activity: 1070



View Profile
July 18, 2016, 06:53:23 AM

bought EXCL  on Bittrex- PoS clone of DASH and today.. i bought my first DASH!

will want to make masternode here soon

love this technology, how could i miss it before

not sure how you missed it or why i had you on ignore.  Huh
most everyone on my ignore list came from this DASH thread.

DASH = Digital Cash         FAQ          DASHTALK        DashForceNews
toknormal
Legendary
*
Offline Offline

Activity: 1288


View Profile
July 18, 2016, 07:20:16 AM


how could i miss it before

You didn't.

DRK is one of the best coins out there!

DRK going to the moon Cheesy
kointrend
Hero Member
*****
Offline Offline

Activity: 646


DASH FOREVER


View Profile
July 18, 2016, 08:21:49 AM


It's pretty simple, any investment has risk.

Saying "you can make 8-15% return" is not a complete statement without saying "you could lose 100% of your investment as well".

I'd probably have to agree with that. Clarification is useful on all sides because "ROI" can mean different things depending on the investor's priorities. I think of it as 8%-15% because I'm accumulating Dash not dollars (at least as far as masternode collateral is concerned). On the other hand someone who was looking for a dollar investment and wanted a guaranteed return in dollar terms would have to put their money in the bank (if they can find one with a +ve rate  Shocked ) ). That type of investment is clearly not the same as one where the (dollar) principal is at risk.


Hi guys, hi Tok,
in the same way I can go to zero thinking in FIAT, is it legit this way to see the thing?

 "If I bought my masternode at 2  dollars per coin and now it's at +8, my ROI is now around 46%."

1 masternod at 2000$ =passive incomes around  160-300 $   (ROI 8-15% in Dash)
1 masternod at 8000$ =passive incomes around  640-1200 $ (ROI 8-15% in Dash but 32-60% in FIAT)


XmnjUmqkS56giU7wJtoYhFKr9HYSC4b46o just a Dash signature.
toknormal
Legendary
*
Offline Offline

Activity: 1288


View Profile
July 18, 2016, 08:55:43 AM


is it legit this way to see the thing?....1 masternod at 8000$ =passive incomes around  640-1200 $ (ROI 8-15% in Dash but 32-60% in FIAT)

Yes - in other words you've valued the ROI in fiat, in which case the exchange rate has as much to say as anything else. It can go up and it can go down, so even though you gained more Dash due to masternode revenue, you could loose due to adverse exchange rate.

However:

ALL cryptocurrencies are subject to exchange rate risk if you measure the gains in fiat.
NOT ALL cryptocurrencies grow your holding by offering an infrastructure investment dividend

Thats the difference.

Also, if you have 200 Dash lying around in your wallet, it will not gain any returns. If you invest that holding in Dash's infrastructure reserve market then it will grow on a 8-15% return basis.

How that works out in fiat terms is another story.
toknormal
Legendary
*
Offline Offline

Activity: 1288


View Profile
July 18, 2016, 09:09:39 AM


There are still no takers for that 210 BTC on polo demanding Dash.

C'mon now folks. You could be picking yourself up one of these to dot about in... Wink
Macno
Hero Member
*****
Offline Offline

Activity: 976


View Profile
July 18, 2016, 09:21:31 AM


There are still no takers for that 210 BTC on polo demanding Dash.

C'mon now folks. You could be picking yourself up one of these to dot about in... Wink


Lending supply on Polo has more than halved, interested rates for lending still depressed.
bitwala
Member
**
Offline Offline

Activity: 78

Pay bills with Bitcoin


View Profile WWW
July 18, 2016, 09:25:53 AM

We're happy and proud to announce that you can use Dash to make a bank transfer or top up your Bitwala Debit Card. This is made possible through our partnership with shapeshift. Bitwa.la is the first service to offer bank transfers and a debit card that is letting you use Dash as a funding option. Please let us know if you have any questions or suggestions.

Here's the full announcement: http://about.bitwa.la/bitwala-accepting-all-major-cryptocurrencies/

Cheers
Jeff from bitwa.la

Bitwala offers the fastest international money transfers and most affordable SEPA and SWIFT bank transfers across borders and currencies using Bitcoin and Altcoins. Make your transfer now! Bitwala also offers the world’s leading Bitcoin debit card. with the lowest fees. Get your debit card now! Latest offer: Make Bitcoin transfers to the the Philippines! We're now processing transfers from BTC to PHP for only 0.5%.
Macno
Hero Member
*****
Offline Offline

Activity: 976


View Profile
July 18, 2016, 09:31:01 AM

We're happy and proud to announce that you can use Dash to make a bank transfer or top up your Bitwala Debit Card. This is made possible through our partnership with shapeshift. Bitwa.la is the first service to offer bank transfers and a debit card that is letting you use Dash as a funding option. Please let us know if you have any questions or suggestions.

Here's the full announcement: http://about.bitwa.la/bitwala-accepting-all-major-cryptocurrencies/

Cheers
Jeff from bitwa.la

I tested it yesterday, it worked! Took a few hours, but it worked!
bitwala
Member
**
Offline Offline

Activity: 78

Pay bills with Bitcoin


View Profile WWW
July 18, 2016, 09:39:18 AM

We're happy and proud to announce that you can use Dash to make a bank transfer or top up your Bitwala Debit Card. This is made possible through our partnership with shapeshift. Bitwa.la is the first service to offer bank transfers and a debit card that is letting you use Dash as a funding option. Please let us know if you have any questions or suggestions.

Here's the full announcement: http://about.bitwa.la/bitwala-accepting-all-major-cryptocurrencies/

Cheers
Jeff from bitwa.la

I tested it yesterday, it worked! Took a few hours, but it worked!

Glad to hear that! We're working on making the whole process faster, but sometimes it takes a little patience. Cheesy

Bitwala offers the fastest international money transfers and most affordable SEPA and SWIFT bank transfers across borders and currencies using Bitcoin and Altcoins. Make your transfer now! Bitwala also offers the world’s leading Bitcoin debit card. with the lowest fees. Get your debit card now! Latest offer: Make Bitcoin transfers to the the Philippines! We're now processing transfers from BTC to PHP for only 0.5%.
mia_houston
Sr. Member
****
Offline Offline

Activity: 406



View Profile
July 18, 2016, 10:04:19 AM

We're happy and proud to announce that you can use Dash to make a bank transfer or top up your Bitwala Debit Card. This is made possible through our partnership with shapeshift. Bitwa.la is the first service to offer bank transfers and a debit card that is letting you use Dash as a funding option. Please let us know if you have any questions or suggestions.

Here's the full announcement: http://about.bitwa.la/bitwala-accepting-all-major-cryptocurrencies/

Cheers
Jeff from bitwa.la
I tested it yesterday, it worked! Took a few hours, but it worked!
Glad to hear that! We're working on making the whole process faster, but sometimes it takes a little patience. Cheesy

awesome that make a simple transactions anyways site look good and easy to use smart Partners good job.sorry actually now is first time i see you site Wink

███
███
███
███
███
███
███
███
███
███
███
███
███
███
....



                           ▄▄▄▄▄▄▄▄▄▄▄▄
                          ██████████████
                           ▀████████████
                             ███████████
             ▄▄▄▄          ▄████████████
           ▄██████▄      ▄███████▀▀█████
         ▄██████████▄  ▄███████▀    ▀██▀
       ▄█████████████████████▀
     ▄███████▀ ▀███████████▀
   ▄███████▀     ▀███████▀
 ▄███████▀         ▀███▀
 ██████▀
  ▀▀▀▀
......███
███
███
███
███
███
███
███
███
███
███
███
███
███
...                 ▄▄▄▄▄
                 ████████▄▄
                 ████████████▄
                     ▀▀████████▄
           ▄▄▄██████▄▄   ▀▀██████▄
         ▄██████████████▄▄  ▀█████▄
       ▄███████████████████▄  ▀█████
      ██████▀▀       ▀▀██████  ▀█████
     █████▀                     █████
    █████               █████████████▌
    █████               █████████████▌
    █████               █████████████▌
     █████▄                     █████
      ██████▄▄       ▄▄██████  ▄█████
       ▀███████████████████▀  ▄█████
         ▀███████████████▀   ▄█████▀
            ▀▀██████▀▀▀   ▄▄██████▀
                      ▄▄████████▀
                 ████████████▀
                 ████████▀▀
                 ▀▀▀▀▀
...........███
███
███
███
███
███
███
███
███
███
███
███
███
███
...............███
███
███
███
███
███
███
███
███
███
███
███
███
███
stealth923
Hero Member
*****
Offline Offline

Activity: 980


View Profile
July 18, 2016, 11:08:53 AM


Anyone want out ? Here's your chance.






Cant see it now - was it taken down?
toknormal
Legendary
*
Offline Offline

Activity: 1288


View Profile
July 18, 2016, 11:15:54 AM


Cant see it now - was it taken down?

No. It's being juggled about. Some of it is now at 12, some at 11.
Minotaur26
Legendary
*
Offline Offline

Activity: 1036


View Profile
July 18, 2016, 11:42:50 AM

Remember to check out this proposal.



John Bush of SovereignBTC and Brave New Books is proposing to go on road trip with his family representing Dash in a series of meet-ups and libertarian events. Please read his pre-proposal discussion thread and provide feedback on how he could do it.

I think this is a great initiative, we love to see true libertarians like John get actively involved promoting Dash.

https://www.dash.org/forum/threads/pre-proposal-dash-across-america-crypto-only-promotional-road-trip.9751/#post-99448
Minotaur26
Legendary
*
Offline Offline

Activity: 1036


View Profile
July 18, 2016, 01:08:18 PM

Dash Business Development Update July 2016

https://www.dash.org/forum/threads/dash-business-development-update-july-2016.9766/
stealth923
Hero Member
*****
Offline Offline

Activity: 980


View Profile
July 18, 2016, 01:43:30 PM

That's huge. Can we turn this into press releases for wider distribution?
Minotaur26
Legendary
*
Offline Offline

Activity: 1036


View Profile
July 18, 2016, 02:19:46 PM

That's huge. Can we turn this into press releases for wider distribution?

A press release will be going out too, in the meantime check the links there is a lot of information condensed in that update.

I am on the plane waiting for take-off right now looking forward to d10e Smiley
Pages: « 1 ... 5986 5987 5988 5989 5990 5991 5992 5993 5994 5995 5996 5997 5998 5999 6000 6001 6002 6003 6004 6005 6006 6007 6008 6009 6010 6011 6012 6013 6014 6015 6016 6017 6018 6019 6020 6021 6022 6023 6024 6025 6026 6027 6028 6029 6030 6031 6032 6033 6034 6035 [6036] 6037 6038 6039 6040 6041 6042 6043 6044 6045 6046 6047 6048 6049 6050 6051 6052 6053 6054 6055 6056 6057 6058 6059 6060 6061 6062 6063 6064 6065 6066 6067 6068 6069 6070 6071 6072 6073 6074 6075 6076 6077 6078 6079 6080 6081 6082 6083 6084 6085 6086 ... 6492 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!