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

[KryptoFoo]

Looking nice. 009 time

Have cleared the previous reaction high at 0.008661 on good volume. Next resistance at .01, no serious resistance after that up to .018

[r-ando]

http://money.cnn.com/2014/09/18/technology/mobile/apple-ios-8-security/index.html

and....
https://ca.finance.yahoo.com/news/apple-tries-assuage-privacy-fears-puts-focus-security-052154575--sector.html

[toknormal]

C'mon. Somebody toss some granular DRK across that spread gap !

EDIT: It's a done deal !

[Kai Proctor]

Guys, you need to carefully reread Evan's chat log where he first mentioned the instant transaction system. I'm almost certain it doesn't involve masternodes, for several reasons:

1) He says that it won't require Bitcoin to hard fork. How could you implement MNs into the protocol, plus instant transactions, without a hard fork?
2) He clearly says that he has found a way to make Bitcoin transactions instant...he then mentions that it is fully compatible with DarkSend and so will work with Darkcoin. But it's clear from his wording that the system is designed and intended for Bitcoin, first and foremost.

This makes me sad.

I agree, to an extent. But consider this: the world knows what Bitcoin is. Consider a news article on every major techy website in the world, even CNN Money, Forbes, etc. "Darkcoin Developer Solves Bitcoin's Biggest Problem; Revolutionizes the Currency" or whatever. Imagine how much attention Darkcoin would get from solving Bitcoin's problems.

It could conceivably be the first step to supplanting BTC, even. Why go use the coin that Evan fixed, rather use the coin that Evan created?

Is this the chat log you are referring to?

9/14   8:51 pm <evan82> I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14   8:52 pm <evan82> It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14   8:52 pm <evan82> Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14   8:52 pm <evan82> It also fixes the finney attack, which is another huge problem for bitcoin
9/14   8:56 pm <eth2> =) thats some good news
9/14   8:56 pm <eth2> lemme know when you need testers
9/14   8:57 pm <evan82> Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14   8:58 pm <evan82> It's simple, elegant, instant and will cost a ton of money to subvert. Perfect Cheesy
9/14   8:59 pm <eth2> does that have any technical implication on how transactions are processed and blocks?
9/14   8:59 pm <eth2> from a pool standpoint
9/14   8:59 pm <evan82> nope.
9/14   8:59 pm <evan82> It's not even a hard fork
[...]
9/14   9:25 pm <moli> interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14   9:27 pm <evan82> It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14   9:27 pm <evan82> right*
9/14   9:28 pm <evan82> It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

I see nothing in there about instant transactions with Bitcoin... just that this will solve one of Bitcoin's problems (with Darkcoin), is compatible with Darksend, and we (Darkcoin) will have anonymous instant transactions without a hardfork.

There is a press release (not issued yet) that makes it clear that the near instant transaction solution is equally applicable to BTC as DRK and Darksend.

I'm the one who wrote the draft of that potential press release =)

Crouton: he says "I just solved one of the largest problems facing Bitcoin. Instant transactions." Then, next line, "It will be compatible with DarkSend too." Implies that he is thinking first-and-foremost about the fact that this will be huge for Bitcoin. Not that it matters--it'll be huge for the entire crypto community.

It doesn't imply necessarily that. A new process (using masternodes) can solve a problem that an older process was facing.
PS : If you are writing a draft, I think that it would be better to ask him directly.

[stealth923]

ok shit just got real - 0.1+ in the next hour or two!

[roede94105]

I know it's overall a good thing if instant transactions can be copy pasted by Bitcoin, but I wish it could be only for Bitcoin and Darkcoin, not all the shitcoins that can just add it.

It's a tremendous value that, if successful, Evan will create without having the whole benefits of it.

[Windoze]

I know it's overall a good thing if instant transactions can be copy pasted by Bitcoin, but I wish it could be only for Bitcoin and Darkcoin, not all the shitcoins that can just add it.

It's a tremendous value that, if successful, Evan will create without having the whole benefits of it.

Consider Bitcoin benefiting in the same way that Evan benefited when the bitcoin codebase was there and available on the day Evan decided to fork from it and create something that would one day come to really be something great. As for the shitcoins, they can't fork Evan

[stonehedge]

I know it's overall a good thing if instant transactions can be copy pasted by Bitcoin, but I wish it could be only for Bitcoin and Darkcoin, not all the shitcoins that can just add it.

It's a tremendous value that, if successful, Evan will create without having the whole benefits of it.

Who's to say that it doesn't involve masternodes?  

Having a network of masternodes is not centralizing.  It is something that BTC could implement if they wanted to.  It would be a big deal though.

I wouldn't count anything out right now.  Lets wait until tomorrow.

[naxin]

I know it's overall a good thing if instant transactions can be copy pasted by Bitcoin, but I wish it could be only for Bitcoin and Darkcoin, not all the shitcoins that can just add it.

It's a tremendous value that, if successful, Evan will create without having the whole benefits of it.

Consider Bitcoin benefiting in the same way that Evan benefited when the bitcoin codebase was there and available on the day Evan decided to fork from it and create something that would one day come to really be something great. As for the shitcoins, they can't fork Evan

This this this.

That is the nature of open source software. The fact that any shitcoin can copy is what makes it so valuable. I wouldn't touch darkcoin with a ten foot pole if it were any other way.

[thelonecrouton]

If nothing else, instant transactions are going to make headlines.

Hopefully Visa/Mastercard will get the shits and raise a fuss about it - even more publicity. What we really need to do is piss off Apple's legal team somehow... 

[HinnomTX]

Looks like dumping of BTC has begun - keep your eye on DRK 

Indeed, some of the respectable (top 10) alts are not responding in kind, but are still making gains in the face of BTC decline. Some money may be moving to the alts to capitalize on their leveraged effects when there's a big BTC move upward. The 9 month 'Bitcoin heartbeat' is overdue, so we could see a significant reversal at any time. The BTC volume does not look strong enough to signal a bottom, but a capitulation event is likely to develop as the price flirts with near term lows.

[ddink7]

Crouton: he says "I just solved one of the largest problems facing Bitcoin. Instant transactions." Then, next line, "It will be compatible with DarkSend too." Implies that he is thinking first-and-foremost about the fact that this will be huge for Bitcoin. Not that it matters--it'll be huge for the entire crypto community.

There is also the very likely possibility that the BTC people will just piss on it like they do everything else...

Agreed: That is a very real possibility.

[jjiimm_64]

I know it's overall a good thing if instant transactions can be copy pasted by Bitcoin, but I wish it could be only for Bitcoin and Darkcoin, not all the shitcoins that can just add it.

It's a tremendous value that, if successful, Evan will create without having the whole benefits of it.

I disagree with you... 

NEVER be afraid of the competition.    remember google came after ovature, yahoo, and other searches!

[ddink7]

Following the release of Darkcoin’s source code, the development team  intends to continue innovating by adding things like IP obfuscation,  creating a light-weight Electrum wallet, and possibly most exciting of  all, integrating a soon-to-be announced idea which will result in nearly  instantaneous confirmation of transactions. Evan Duffield, lead  developer of Darkcoin, intends to release a white paper describing his  idea for instant transactions, which can be used both on Darkcoin and  even on Bitcoin itself (Evan explains that his idea is completely  compatible with Bitcoin, does not bloat the blockchain, and does not  require a hard fork to implement). If successful, such an idea could  revolutionize cryptocurrency, by shortening the delay in confirmation of  transactions from as long as an hour (with Bitcoin) to as little as twenty seconds.

Hmm, I hope what Evan meant was that instant transactions would be possible with Bitcoin... as soon as they had a Masternode network.

I can't see any way of doing it without Masternodes, especially given that Evan said in the chat log that pools/miners/block processing etc. are unaffected - what else is there but MNs that could achieve this?

edit: "will cost a ton of money to subvert" also makes me wonder how this could be achieved witout MNs, unless the changes are in the mining/pool software and Evan means something akin to a 51% attack via that.

Can't wait to read the whitepaper...

I also can't wait! I have no idea how he could achieve it, with or without MNs. My guess is that it is a true blue-sky eureka moment...

[thelonecrouton]

Crouton: he says "I just solved one of the largest problems facing Bitcoin. Instant transactions." Then, next line, "It will be compatible with DarkSend too." Implies that he is thinking first-and-foremost about the fact that this will be huge for Bitcoin. Not that it matters--it'll be huge for the entire crypto community.

There is also the very likely possibility that the BTC people will just piss on it like they do everything else...

Agreed: That is a very real possibility.

Best case for Bitcoin if it turns out to be possible for them is that it gets implemented in 6-12 months. I really can't see them moving faster than that.

[stonehedge]

Crouton: he says "I just solved one of the largest problems facing Bitcoin. Instant transactions." Then, next line, "It will be compatible with DarkSend too." Implies that he is thinking first-and-foremost about the fact that this will be huge for Bitcoin. Not that it matters--it'll be huge for the entire crypto community.

There is also the very likely possibility that the BTC people will just piss on it like they do everything else...

Agreed: That is a very real possibility.

Best case for Bitcoin if it turns out to be possible for them is that it gets implemented in 6-12 months. I really can't see them moving faster than that.

I know how huge near instant transactions is but I'm still most excited about opensource.

[rickraw]

That buy wall keeps moving up to support us

[PhilipMorris]

Is anyone else having problems login at Bittrex? I want to trade some DRK! 

[HiddenDark]

I wonder how fast Evan can get these "instant" transactions. He quotes 10-20 seconds, but hopefully there are further improvements to be made that could bring confirmation down to <5 seconds. I think 5 seconds is about the maximum acceptable time for use at physical stores.

In other news 0.0091

[stonehedge]

That buy wall keeps moving up to support us

Yes and its also getting nibbled!