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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9543464 times)
iCEBREAKER
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February 25, 2019, 08:46:59 AM



Old news.  More of the same.  Too little and too late.




Quote
6/13/15
Hearn's Worst Case Scenario: Checkpoints in XT to "ignore the longest chain"
https://bitcointalk.org/index.php?topic=1089283.0


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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
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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February 25, 2019, 10:13:23 AM
Last edit: February 25, 2019, 03:36:58 PM by qwizzie
Merited by afbitcoins (2)

Promoting both Monero and Bitcoin Cash, talking about a troll serving two masters  Roll Eyes

I guess Icey switched to Bitcoin Cash as means of backup, since Monero does not have a 51% attack solution and is putting itself wide open for attacks
after each hard fork in this current bear market with low prices and cheap rental hashpower cost.

It is true that only Bitcoin Cash (forced due to its hash war with Bitcoin SV) and Dash (compelled due to the threat of concurring hash wars & due to witnessing successfull 51% attacks on other networks like ETC and Verge)
are the only two crypto projects with a proof of work scheme currently, that managed to find a solution to 51% attacks. But that is pretty much where the similarities end....

Dash is both the creator of the X11 algorithm and leader (in hashpower) of the altcoins using the X11 algorithm and is therefore less likely to be attacked directly by a competing cryptocurrency that also uses the X11 algorithm.
Dash also has confirmation that big players actively mining Dash have fair play in mind, as they are splitting their hashing power over different mining pools to avoid a too high concentration of hashpower.  

Bitcoin Cash on the other hand uses the sha256 algorithm, is forked from Bitcoin who also uses that sha256 algorithm and therefore Bitcoin Cash faces direct threat from both Bitcoin itself (who has way wayy more sha256 hashpower)
and Bitcoin SV (a fork from Bitcoin Cash). Both Bitcoin and Bitcoin SV are extremely hostile towards Bitcoin Cash.

The solution for 51% attacks that Bitcoin Cash came up with is basicly a 10 block checkpoint system which has its own weaknesses and can be easily accused of making Bitcoin Cash highly centralized .
Link : https://blog.bitmex.com/bitcoin-cash-abcs-rolling-10-block-checkpoints/  

Quote
The new rolling checkpoint mechanism includes a trade-off:

The risk of a deep reorg is reduced.
The risk of a consensus chainsplit is increased.

The solution for 51% attacks that Dash came up with is named Chainlocks and is relying on Dash two-tier network (miners and masternodes) and builds further upon Dash quorum usage (particularly the Long Living Masternode Quorums / LLMQ that v0.14 will introduce).
It basicly performs a verifiable network-wide measurement/vote of the “first-seen” rule. Through the use of LLMQs, which are randomly composed from Dash’s Masternode set (currently about 5000 nodes), the distribution of nodes that have seen a block first across
the whole network is statistically the same as inside the LLMQ. This means, that if 60% of LLMQ members have seen the block first, about 60% of the whole network should also have seen it first.

Link : https://blog.dash.org/mitigating-51-attacks-with-llmq-based-chainlocks-7266aa648ec9

Chainlocks does not have the trade-off that Bitcoin Cash has with its 10 block checkpoint system (reducing the risk of a deep reorg, while increasing the risk of a consensus chainsplit) and Chainlocks even has some additional bonusses :

Quote
ChainLocks have a few very important effects on the whole network and its economics. The most important effect for normal users and merchants is that transactions can be considered fully confirmed after the first on-chain confirmation
inside a block protected by ChainLocks. Transactions can no longer vanish from the chain since reorganization of signed/locked blocks is not possible. This means that there is no need anymore to wait for 6 or more confirmations until a received
transaction can be considered secure.

Quote
It also has effects on the economics of mining. It removes all incentives for miners to cause chain reorganizations. Many attacks based on secret or selfish mining become impossible as they all depend on miners withholding longer and secret chains.
Under the current consensus rules, such chains would override the publicly known chain and cause a chain reorganization when published. With ChainLocks however, miners are incentivized to publish every block immediately, even if they in theory have enough
hash power to overrule every other miner. Failure to publish creates substantial risks for a malicious miner since any secret chain (even if thousands of blocks longer) would be immediately invalidated if another honest miner publishes a valid block that receives
a CLSIG before the secret chain is revealed.

Hopefully after ChainLocks gets activated, exchanges will start reducing the confirmation numbers for Dash deposits, as Dash will then only require 1 confirmation to be considered fully secure.

Dash : News, Information and Discussion ->https://bitcointalk.org/index.php?topic=5115659.0
Dash : Price and Trade Discussion -> https://bitcointalk.org/index.php?topic=1233119.0
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
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February 25, 2019, 02:11:58 PM


Elon Musk: Crypto Hodlers 'Deserve a Nobel Prize,' Mining Energy Consumption Worrying


Elon Musk has recently been in the news for praising cryptocurrencies, but also disappointed some individuals with his lack of personal holdings.

The news started when Musk said in an interview that cryptocurrency stands a very good chance of replacing the current monetary and financial system due to its superior technology.


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February 25, 2019, 05:45:50 PM


Church’s Chicken Venezuela Offers Special Promotion for Paying With Dash


Church’s Chicken Venezuela has announced a special promotion exclusively for customers paying in Dash, giving further incentive to use the country’s growing crypto-economy.


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February 25, 2019, 10:11:33 PM

Dash Masternode Tool : pls update to latest beta version when using DMT to vote

From DashWatch budget proposal (one of their own comments) : https://www.dashcentral.org/p/dash-watch-sixth-proposal-march-2019#comments

Quote
If you use Dash Masternode Tool to vote on proposals, the new Dash Watch and MyDashWallet proposals will not show up in the currently released version.
Please use the new beta version of DMT v0.9.22 to vote (you may need to hit the Refresh button if you opened DMT recently before using the new one).

The beta version of DMT is available here: https://github.com/Bertrand256/dash-masternode-tool/releases/tag/v0.9.22-beta1

Dash : News, Information and Discussion ->https://bitcointalk.org/index.php?topic=5115659.0
Dash : Price and Trade Discussion -> https://bitcointalk.org/index.php?topic=1233119.0
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
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February 26, 2019, 01:19:26 AM

Dash CG CEO Marks 5th Anniversary with Deep Look at the Industry

https://www.banklesstimes.com/2019/02/22/dash-ceo-marks-5th-anniversary-with-deep-look-at-the-industry/
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February 26, 2019, 09:08:23 AM

Dash Services - are you updated ver 13 ?!
DIP3 activation coming in under 500 blocks (~20h) from now. Please update to follow the majority chain and stay operational.
(If you upgrade after DIP3 activation, you have to reindex which will add extra time to your downtime.)

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February 26, 2019, 11:27:57 AM

Dash Services - are you updated ver 13 ?!
DIP3 activation coming in under 500 blocks (~20h) from now. Please update to follow the majority chain and stay operational.
(If you upgrade after DIP3 activation, you have to reindex which will add extra time to your downtime.)



And the countdown begins  Grin

Dont be one of those 489 masternodes (4890-4401) that will give their masternode owners a very bad day tomorrow, pls be a good masternode and ask your owner for an update !!  Roll Eyes
 


Dash : News, Information and Discussion ->https://bitcointalk.org/index.php?topic=5115659.0
Dash : Price and Trade Discussion -> https://bitcointalk.org/index.php?topic=1233119.0
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February 26, 2019, 02:19:20 PM


ChangeNOW Exchange Integrates Dash, Increases Confidential Trading


ChangeNOW has recently integrated Dash into their online exchange that offers users the ability a more semi-confidential way to trade cryptocurrencies.


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February 26, 2019, 07:32:20 PM
Merited by afbitcoins (1)


What Are Invertible Bloom Lookup Tables?


This is the second in a series of articles explaining technical concepts related to on-chain network scaling, block propagation, and other related subjects

Last week, we explored a bloom filter as a data structure that helps identify a set. A related data structure is an Invertible Bloom Lookup Table or IBLT. An IBLT serves a similar function and has the advantage that missing members can be identified. Here we will provide a simplified explanation for what an IBLT is.



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February 26, 2019, 11:55:24 PM

I will certainly stick with my investment in DASH.
In DASH, I have never lost my belief.
DIP3 locked-in successfully, and more things to come for DASH.
It is supplementary reason why I felt more confident with my portion for DASH in my portfolio.
If the Price Never Reaches the Moon, Will You Stick Around?

I learned my lesson from this one when I have the opportunity to hold some DASH when it was still at its early days but unfortunately I didn't. Now I'm confident this one of the top crypto to hold in my portfolio because of its solid fundamentals. Imho.

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February 27, 2019, 12:31:17 AM

As i hear a few month ago KFC stores in Venezuela were going to accept Dash as payment (this was in autumn last year). But I don’t see any news after this... So what happened? Are they still going to works with Dash or something was changed?
Which other companies accepting Dash right now?


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February 27, 2019, 01:26:19 AM

As i hear a few month ago KFC stores in Venezuela were going to accept Dash as payment (this was in autumn last year). But I don’t see any news after this... So what happened? Are they still going to works with Dash or something was changed?
Which other companies accepting Dash right now?

It's Church's Chicken, probably somebody mistakenly thought that is Kentucky. It is big chain in VE, you can find posts here or @ Dash Discord
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February 27, 2019, 07:13:46 AM

As i hear a few month ago KFC stores in Venezuela were going to accept Dash as payment (this was in autumn last year). But I don’t see any news after this... So what happened? Are they still going to works with Dash or something was changed?
Which other companies accepting Dash right now?

It's Church's Chicken, probably somebody mistakenly thought that is Kentucky. It is big chain in VE, you can find posts here or @ Dash Discord

See following article : https://cointelegraph.com/news/kfc-venezuela-denies-accepting-dash-payments

Quote

The CEO of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it will start accepting major altcoin Dash (DASH), Spanish language crypto media Criptonoticias reports Monday, Dec. 10.

Sampayo explained that KFC had discussed a crypto-related test with Dash, but the contract has not yet been finalized. He also said that processing payments with Dash “is not a fact, nor has the publication of any news about it been authorized.”

On Tuesday, Dec. 11, Dash Merchant - Venezuela posted a public apology in its Twitter account, which reads:

“Unfortunately, the message released was premature and reflected our optimism instead of the current stage of our discussions with KFC Venezuela. We regret the error and would like to apologize to KFC Venezuela, their directors and general public.”

Dash Merchant also clarified that is it negotiating to test DASH payments in the Chacao Municipality of Caracas, but the plan still needs to be approved by  KFC Venezuela.

The news and apologies came shortly after the PR and media director at DashNews Mark Mason posted a tweet on Dec. 7 stating that KFC Venezuela would start accepting Dash payments the following week.

I would also like to know latest status with regards to KFC....

Dash : News, Information and Discussion ->https://bitcointalk.org/index.php?topic=5115659.0
Dash : Price and Trade Discussion -> https://bitcointalk.org/index.php?topic=1233119.0
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
cool4y
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February 27, 2019, 07:23:44 AM

As i hear a few month ago KFC stores in Venezuela were going to accept Dash as payment (this was in autumn last year). But I don’t see any news after this... So what happened? Are they still going to works with Dash or something was changed?
Which other companies accepting Dash right now?

I'm not so sure it will make sense for a corporation to implement an anonymous type of payment option, but why not, everything is possible. That'd be a great leap forward dash's mass adoption.
qwizzie
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February 27, 2019, 07:35:42 AM

As i hear a few month ago KFC stores in Venezuela were going to accept Dash as payment (this was in autumn last year). But I don’t see any news after this... So what happened? Are they still going to works with Dash or something was changed?
Which other companies accepting Dash right now?

I'm not so sure it will make sense for a corporation to implement an anonymous type of payment option, but why not, everything is possible. That'd be a great leap forward dash's mass adoption.

Dash has optional privacy, its transactions are by default fully traceable on the blockchain (like Bitcoin). If a Dash user wants privacy on its transactions he will first need to mix some of his funds with other participants a certain number of rounds and then click an option
to privatesend that transaction. Then and only then will that transaction get anonymous / private. Most transactions through the Dash network are normal transactions, not privatesend transactions.

Dash : News, Information and Discussion ->https://bitcointalk.org/index.php?topic=5115659.0
Dash : Price and Trade Discussion -> https://bitcointalk.org/index.php?topic=1233119.0
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
cool4y
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February 27, 2019, 07:46:32 AM

Uphold has published data that Dash was the most popular cryptocurrency between January 2018 & January 2019. Uphold has 1+ million users. Holdings of all crypto increased but DASH was the clear standout winner for 2018 up 281%
https://uphold.com/en/newsletters/issue-2/xrp-bat-and-dash-race-ahead



okay that looks cool, thanks for this interesting article, i will read more deeply to be shared by my community, cheers
tbct_mt2
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February 27, 2019, 07:48:39 AM

Dash has optional privacy, its transactions are by default fully traceable on the blockchain (like Bitcoin). If a Dash user wants privacy on its transactions he will first need to mix some of his funds with other participants a certain number of rounds and then click an option
to privatesend that transaction. Then and only then will that transaction get anonymous / private. Most transactions through the Dash network are normal transactions, not privatesend transactions.
The feature for optional privacy is very helpful.
Sometimes, crypto enthusiasts need to trace back past transactions to investigate vague cases.
That is why I support the optional privacy of DASH.

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qwizzie
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February 27, 2019, 07:51:37 AM

Dash has optional privacy, its transactions are by default fully traceable on the blockchain (like Bitcoin). If a Dash user wants privacy on its transactions he will first need to mix some of his funds with other participants a certain number of rounds and then click an option
to privatesend that transaction. Then and only then will that transaction get anonymous / private. Most transactions through the Dash network are normal transactions, not privatesend transactions.
The feature for optional privacy is very helpful.
Sometimes, crypto enthusiasts need to trace back past transactions to investigate vague cases.
That is why I support the optional privacy of DASH.

Yeah, Dash can be handy for those situations that a transaction needs to be followed from sender to receiver.
Advantages over Bitcoin : fast, low transaction fees, secure (locked against double spending)

Dash : News, Information and Discussion ->https://bitcointalk.org/index.php?topic=5115659.0
Dash : Price and Trade Discussion -> https://bitcointalk.org/index.php?topic=1233119.0
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
tungfa
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February 27, 2019, 08:40:10 AM


Attention Dash Masternode Owners: Please register with the Deterministic Masternode List now

https://www.dash.org/forum/threads/attention-dash-masternode-owners-please-register-with-the-deterministic-masternode-list-now.43668/

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