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

[110110101]

Congratulations to the Dash community, over the past 3 years there has great progress.  I check in on Dash periodically and it is one of the few communities that has delivered.  While the price is exciting, of real interest is the technology that is being built. 

Sadly there seems to still be people that try to twist what happened at the beginning.  So like someone else that recently posted I thought I would admit to my early involvement with Dash.  I recently stumbled upon one of my old empty Xcoin wallets so it seemed like a good time to show what it was like in the beginning.   

Dash was easy to mine and anyone could have picked up a lot at the beginning, I know because I did.  Though because my obsession was with mining I let this long term opportunity pass me by.  I sold a lot to cover my Amazon bills, kept some for a bit and even had some masternodes for a while.  So while this coin looked very promising the mining bug hit me again so I sold the rest a while back.  I happily profited in the end but of course it is hard to not look back at what I could have had. 

So yes, I was one of those Amazon miners that people complained about early on. 
.... cut....

Thanks for a great post pinwc4, always interesting to read about what was going on in the Xcoin days! Thanks for sharing and welcome back to the Dash community!

[maxpowerzz92]

blah blah blah but with a bunch of !!!!!!! and probably CAPITAL LETTERS and even a custom FUD IMAGE

@$$breaker and Aerolabutt have changed my mind about DASH.  I've been worn down by all their constant posts even though it says IGNORED.  It must've been something useful if I see their name page after page after page...  I believe the FUD!  I BELIEVE! 

I'm gonna hang out under the bridge with the rest of these Monerons.  Maybe even go into the daylight onto a street corner panhandling for Dev money.  Let's go work on Moanero and create something useful instead of bugging these DASH folks.  All their development sure does make us look lazy.. RIGHT??? 

[BrainShutdown]

Why Aren't We Seeing Greater Adoption of Cryptocurrency?
https://youtu.be/zrIul2OGsQE

Published on Jan 23, 2017
Ryan Taylor defines two reasons crypto hasn't gone mainstream yet -- and it may not be the reasons you've been told elsewhere. This is the speech delivered by the Director of Finance of Dash at The North American Bitcoin Conference, 2017.

Learn more by visiting http://dash.org

Original presentation here: https://youtu.be/Tn2s6IHAL4A

Get social with us:
- Dash Slack: http://dashnation.com/chat
- DASH: Detailed Homepage: http://dashdetailed.com
- DASH: Detailed Twitter: http://twitter.com/dashdetailed
- Dash Homepage: http://dash.org
- Dash Twitter: http://twitter.com/dashpay

Dash Nation slack invite
http://dash-nation-invite.herokuapp.com/

[romanekras]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
“Ver saves a few bucks on fees using [Dash], loses $30k to volatility. This is why [Bitcoin’s] network effects of liquidity & volatility wins,” he stated.

[thefrog]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
“Ver saves a few bucks on fees using [Dash], loses $30k to volatility. This is why [Bitcoin’s] network effects of liquidity & volatility wins,” he stated.

I am just wondering, if you will report how much he gained investing into DASH when price goes above 100.

[Kryptowerk]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
“Ver saves a few bucks on fees using [Dash], loses $30k to volatility. This is why [Bitcoin’s] network effects of liquidity & volatility wins,” he stated.

Haha wow. I thought Jesus would be wiser than this. Ver almost convinced me that Bitcoin Unlimited is the better solution over SegWit. Not sure about that anymore considering his Dash decision at these high and volatile prices.

[Walter_S]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
“Ver saves a few bucks on fees using [Dash], loses $30k to volatility. This is why [Bitcoin’s] network effects of liquidity & volatility wins,” he stated.

Haha wow. I thought Jesus would be wiser than this. Ver almost convinced me that Bitcoin Unlimited is the better solution over SegWit. Not sure about that anymore considering his Dash decision at these high and volatile prices.

Hahaha - you're all naively assuming that he purchased Dash within the last week or so...

[maxpowerzz92]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
“Ver saves a few bucks on fees using [Dash], loses $30k to volatility. This is why [Bitcoin’s] network effects of liquidity & volatility wins,” he stated.

So we're assuming he bought at the alltime high yesterday?  And bitcoin has never had any volatility either?  My understanding is that Roger had diversified out of bitcoin into several alts (including DASH) before Anarchapulco.  He's probably sitting on some nice profits right now, even after the drop.

[maxpowerzz92]

Hahaha - you're all naively assuming that he purchased Dash within the last week or so...

You beat me to it

[UdjinM6]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
“Ver saves a few bucks on fees using [Dash], loses $30k to volatility. This is why [Bitcoin’s] network effects of liquidity & volatility wins,” he stated.

He still loves bitcoin, so I guess he moved them just for an experiment i.e. buy, withdraw, move, deposit, sell. Doubt he lost much.
Also, he tweeted that he moved funds "yesterday" and "yesterday" was the day of 30%+ price rise.
He probably even earned some but trolls just can't get their math done right.  

[eastwind_ja]

it is crazy,,, seems  dash will  reverse

[BrainShutdown]

it is crazy,,, seems  dash will  reverse

Crazy why?

[AzzAz]

Just though some would find it interesting to hear what happened from one of the lurking miners that was around early.  There is too much noise trying to distort the truth, I see they even are trying to twist what I said.  Probably get some more direct attacks next.  At least they are predictable.  

Thank you for sharing your history with us.  You provided facts to back up your story.  Much appreciated!

So that much about instamine.

[kointrend]

it is crazy,,, seems  dash will  reverse

Crazy why?

Because he does not bought yet.  

[error08]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
“Ver saves a few bucks on fees using [Dash], loses $30k to volatility. This is why [Bitcoin’s] network effects of liquidity & volatility wins,” he stated.

So we're assuming he bought at the alltime high yesterday?  And bitcoin has never had any volatility either?  My understanding is that Roger had diversified out of bitcoin into several alts (including DASH) before Anarchapulco.  He's probably sitting on some nice profits right now, even after the drop.

What is going up, must be drop back. Yesterday, dash price reach $57 and now  has dropped back to  $44.76, around 20.98% decrease in one night. Well, this situation always happen in every rise of cryptocurrency, not only for dash due to users want to get profits if the price goes up. I am glad to find this thread about dash as I want to oversee this project, it seems so good.

[iCEBREAKER]

Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo

“Ver saves a few bucks on fees using [Dash], loses $30k to volatility.
This is why [Bitcoin’s] network effects of liquidity & volatility wins”

Haha wow. I thought Jesus would be wiser than this. Ver almost convinced me that Bitcoin Unlimited is the better solution over SegWit. Not sure about that anymore considering his Dash decision at these high and volatile prices.

Shitcoin Jesus lost $30k because he was too stubborn/cheap to spend a buck or two on fees for his $100k transaction.  ROFLMAO  

Classic case of 'picking up nickels in front of a steamroller.'

Warning: DASH privacy is worse than Bitcoin
http://weuse.cash/2016/10/26/warning-dash-privacy-is-worse-than-bitcoin/
This article analyses how DarkSend works and will explain why there’s absolutely no good  reason to use DASH for private transactions.

    
Why the darkcoin/dash/dashpay instamine matters
https://bitcointalk.org/index.php?topic=999886.0
March 22, 2015
smooth explains reasons Dash hasn't gone legitimate yet -- and it may not be the reasons you've been told elsewhere.


CryptoScam #4 - Dash (w/ "Really Cool Guy" Tone Vays) : https://www.youtube.com/watch?v=VrKU0Ymta-U
Published on Feb 3, 2017

In this 4th Episode of CryptoScam we explore XCoin --- Darkcoin --- Dashpay. We spend a lot of time on the early days and the events surrounding the insta-mine. We then discuss the concepts of Master Nodes (which is a defacto PoS), DarkSend & InstantX, all of which are extraordinary claims to be useful. We then go into detail on the current promotional efforts by Dash to get adoptions and conclude with what future potential Dash has.

Thank you for posting those crucial links again.  That is all MUST READ INFO for noobs as well as existing Dash bagholders.

Here are some more important Dash Facts.

1.    Darkcoin had a problematic launch: 2 million Darkcoin were mined in the first day (incidentally, there are around 2 800 Darkcoin emitted daily right now, so that should give some level of contrast). This may not seem to relate to your question, but it is important to establish the legitimacy and technical competency of the developer. The fact that the block reward does not match either of the three block reward formulae published by the developer is worrying. This points to an outright scam at worst, pure incompetence at best.

2.    When dealing with a cryptocurrency you need to be able to cryptographically and mathematically prove a particular claim. So in the original Bitcoin whitepaper Satoshi was able to mathematically prove the validity of the longest chain rule. The rest of his cryptographic claims were backed by the papers he quotes (Adam Back's Hashcash paper in particular). Darkcoin has no cryptographic proofs of their claims. This is important, because a cryptocurrency is a manifestation of cryptographic theory, not the other way around. If you try and shoe-horn it the other way around you'll likely find your model unsafe under the most basic of assumptions.

3.    The developer seems to eschew well-defined, anti-fragile, and proven Bitcoin concepts (eg. building a model based on paying for services via micropayment channels) for bizarre models that are poorly implemented and fragile (eg. payments based on uptime make a MasterNode a ripe target for DDoS attacks null-routing that IP).

4.    I have seen no evidence that InstantX transactions are not susceptible to malleability. This means that it is trivially easy to disrupt every InstantX transaction, and the network will fall back to processing them as "normal" transactions.

5.    This malleability approach also allows for easy forking of the network if you own a subset of MasterNodes, whereby your malicious MasterNodes vote for both of your transactions and feed those votes to two groups of miners. The claim made in the InstantX "whitepaper" is that the conflicting messages will "cancel each other out", but once the network is forked that isn't the case, as half the conflicting messages won't even be received by the one part of the forked network. By continuing to run this group of malicious nodes, feeding sets of InstantX transactions that appear to be voted in as valid, you can keep the network split indefinitely.

6.    The entire basis for "anonymising" transactions is based on clients being online at a given point in time, which means that those clients are also open to leaking information via temporal association.

7.    The developer seems to have a grave lack of understanding when it comes to the danger of incentives. The clearest example of this is this table of MasterNode ROI. As you can clearly see, a MasterNode's ROI is substantially higher when there are fewer MasterNodes. Thus there is clear incentive for a MasterNode operator to systematically attack and destroy other MasterNodes, but not so much that the network ceases to exist. Just enough to double or triple his ROI. Incidentally, this is a self-fulfilling prophecy, as in a hypothetical future where Darkcoin is processing thousands of transactions an hour it will require quite a hefty server to act as a MasterNode. The fewer MasterNodes there are, the more work individual MasterNodes will have to do, which means that those run by non-technical people or on cheap VPS's will be the first to go, eventually leaving a group of big boys with big guns operating the remaining MasterNodes.

8.    We've already seen ample evidence of law enforcement turning seemingly anonymous people into informants (eg. Sabu), hacking servers, and infiltrating systems in other ways. It is safe to say that LEA could also outrightly purchase large portions of the MasterNode network. It is impossible to tell which MasterNodes are real and which are owned by LEA (in perpetuity). Unfortunately it appears that the developer's line of reasoning, with respects to "how much" privacy Darkcoin gives you, started with the assumption that a supermajority of the MasterNodes are honest / not being watched / not infiltrated by LEA. This leaves open a huge, gaping hole whereby all of the "mixing" MasterNodes are involved in can be revealed by an owned / compromised majority. I can guarantee that the bulk of all MasterNode operators do not know even the first piece of opsec required to keep from your tin from being tampered with.

9.    MasterNodes can be tricked into believing they can no longer accept new connections, simply by filling up all their file descriptors. It is somewhat trivial to force new connections to a group of MasterNodes under your control.

10.    The developer has no clue how dangerous and stupid it is to chain hashing algorithms, as you open them up to pre-image attacks among other things. As a security researcher who discovered a flaw in chained hashing algorithms in PHP concluded: "The underlying problem is that combining cryptographic operators that weren't designed to be combined can be disastrous. Is it possible to do so safely? Yes. Is it a good idea to do it? No. This particular case is just one example where combining operations can be exceedingly dangerous. But the bottom line: never roll your own crypto. It can have fatal consequences."

[Jumanji7]

Dashers, any ETA for the "Evolution"?

[maxpowerzz92]

Dashers, any ETA for the "Evolution"?

The developers have pushed up the alpha release date to this summer, although the official page says the end of 2017.

https://www.dash.org/evolution/

[iCEBREAKER]

Dashers, any ETA for the "Evolution"?

The developers have pushed up the alpha release date to this summer, although the official page says the end of 2017.

https://www.dash.org/evolution/

That doesn't leave enough time for sufficient peer review of the Evolution whitepaper.

Even worse, if the peer review finds something that needs to be fixed, there is not enough time to do that and review the fix without the deadline slipping.

BTW, where is the Evolution whitepaper?  Where is the Evolution code repository?  Is it being developed in secret, or not at all?

Sorry, but staged tech demos don't count as anything more than a PR stunt.

[arielbit]

Just though some would find it interesting to hear what happened from one of the lurking miners that was around early.  There is too much noise trying to distort the truth, I see they even are trying to twist what I said.  Probably get some more direct attacks next.  At least they are predictable.  

Thank you for sharing your history with us.  You provided facts to back up your story.  Much appreciated!

funny how he started saying this after i posted that Evan first mentioned masternodes in Feb 21, 2014 up thread...

Pretty sure you're feeling that knife in your stomach for not holding onto any of that right now and probably for the next few days (pretty sure you've been crying yourself to sleep lol).

Good luck being a masternode, it'll just set you back around $44k at current prices.

Nope, not at all, my post was not for a pity party or sympathy.  As I mentioned I am happy with my choices.  I sold coins to cover initial bills, sold some for profit and kept some for well past when masternodes started before selling that for some profit.  I am not going to live in the past, just look forward towards what to do next.  

Just though some would find it interesting to hear what happened from one of the lurking miners that was around early.  There is too much noise trying to distort the truth, I see they even are trying to twist what I said.  Probably get some more direct attacks next.  At least they are predictable.  

all i did was highlight what you said...i don't see any twisting of words here like saying that "it was easy to mine, anyone can do it" but you also said that people are complaining about your hashrate....so it was not easy and not anyone can do it.

so any screen shot of the exchange records that shows your sell of DASH (masternodes amount) with the dates.