Bitcoin Forum
June 19, 2024, 07:00:34 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Dash says they are not a privacycoin  (Read 324 times)
hatshepsut93 (OP)
Legendary
*
Offline Offline

Activity: 3010
Merit: 2148


View Profile
January 02, 2021, 10:21:58 PM
 #1

Official tweet: https://twitter.com/Dashpay/status/1345093269919854592

So, for years Dash team was saying that they are better than Monero and other privacycoins, now they are saying that "their privacy is not better than in Bitcoin"  Grin

How do you feel about that? Do you want to invest in a project that puts compliance with regulators above their own declared principles? Or do you think that this is just a tactical lie to return the lost liquidity and its all okay?
Febo
Legendary
*
Offline Offline

Activity: 2730
Merit: 1288



View Profile
January 02, 2021, 11:52:53 PM
 #2

Official tweet: https://twitter.com/Dashpay/status/1345093269919854592

So, for years Dash team was saying that they are better than Monero and other privacycoins, now they are saying that "their privacy is not better than in Bitcoin"  Grin

How do you feel about that? Do you want to invest in a project that puts compliance with regulators above their own declared principles? Or do you think that this is just a tactical lie to return the lost liquidity and its all okay?

They were willing to dig your eye out with a spoon if you claimed that their privacy sucks. You were called gazillion names for all you did was point to their features and math behind it. It is just so funny. Lying for so long and so hard that at the end they cant convince those they lied to what is the real truth.
Twinkledoe
Full Member
***
Offline Offline

Activity: 1904
Merit: 138


★Bitvest.io★ Play Plinko or Invest!


View Profile
January 03, 2021, 07:11:41 AM
 #3

Official tweet: https://twitter.com/Dashpay/status/1345093269919854592

So, for years Dash team was saying that they are better than Monero and other privacycoins, now they are saying that "their privacy is not better than in Bitcoin"  Grin

How do you feel about that? Do you want to invest in a project that puts compliance with regulators above their own declared principles? Or do you think that this is just a tactical lie to return the lost liquidity and its all okay?

They were willing to dig your eye out with a spoon if you claimed that their privacy sucks. You were called gazillion names for all you did was point to their features and math behind it. It is just so funny. Lying for so long and so hard that at the end they cant convince those they lied to what is the real truth.

Now, the situation is getting hilarious here. As they are about to face potential problem, they are now downgrading themselves about their feature. Let us see how their meeting will go and if bittrex will announce a new statement towards this delisting. They are now confusing their loyal supporters with this simple tweet.
Maxstl007
Member
**
Offline Offline

Activity: 210
Merit: 13


View Profile
January 03, 2021, 07:39:31 AM
 #4

If I am a true dash holder I will definitely change my mind right now about this tweet, it shows that they don't know where they stand, what rubbish? I've knew that dash is a privacy coin since 2017 when I was still mining Monero then and now just because bittrex delist the project they start shaking? Idiots
RabbiTANK
Member
**
Offline Offline

Activity: 224
Merit: 18

Sovryn - Brings DeFi to Bitcoin


View Profile
January 03, 2021, 08:04:07 AM
 #5

Lol, hope those who invested on dash for it's privacy purpose are seeing this now?  Grin Grin Grin, I can't believe a old project can make this move, we used to get such from new projects, why dash? Lol almost unbelievable, as if bittrex owns the key to their biggest adoption or something

qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
January 03, 2021, 10:11:19 AM
Last edit: January 03, 2021, 10:32:43 AM by qwizzie
 #6

Some exchanges and a lot of people from the crypto space seem to think that Dash is a privacy-centric coin, when in fact Dash has expanded its use cases over the years and no longer fit that label. Dash used to be a privacy-centric coin in 2014/2015 when it introduced its optional privacy feature, but has since then focused on payments by making them instant, secure, protected against double spending and instantly spendable by receivers.

Now Dash is focusing more to function as a decentralized platform where developers can create Dapps and store their Dapps data directly on the masternodes network (kinda like cloud storage) and making transactions far more user-friendly by introducing blockchain identities, blockchain usernames, paying to blockchain usernames, introducing a decentralized API.

Dash announces new update, social payment wallet enters testnet
https://cointelegraph.com/news/dash-announces-new-update-social-payment-wallet-enters-testnet


Source picture : from above article
Credits : tungfa on DashPay Reddit

Dash Launches Public Alpha for Social Payments Wallet
https://bitcoinist.com/dash-launches-public-alpha-for-social-payments-wallet/


Source picture : from above article

Dash Platform and the DashPay Dapp are currently live on Dash Testnet and are scheduled for release on Dash Mainnet in Q1, 2021
DashPay Dapp demo : https://www.youtube.com/watch?v=GtTaezpxQOs & https://www.youtube.com/watch?v=vw2CrHyQMVI

Here is the response of Ryan Taylor, CEO of Dash Core Group about Bittrex decision to delist Dash without providing a specific reason : https://twitter.com/RTaylor05/status/1345158205685436416



 
The DOJ and FinCEN PRM mislabeled Dash as an AEC (Anonymity Enhanced Cryptocurrencies) and some smaller US exchanges (ShapeShift, Bittrex) seem to be basing their delisting action
on that Dash mislabeling. Larger international operating exchanges have competent compliance departments that understand that Dash is no AEC and should be viewed the same as Bitcoin.

Dash and Bitcoin both have open blockchains where transactions, senders and receivers can be fully viewed
Dash and Bitcoin both use optional CoinJoin on their network
Dash usage of CoinJoin is lower then Bitcoin's usage of Coinjoin
Dash is a fork of Bitcoin

From a regulator point of view, there is simply no difference between Dash and Bitcoin.
Since the DOJ and FinCEN PRM do not label Bitcoin as an AEC, they should also not label Dash as an AEC.

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
btc_angela
Hero Member
*****
Offline Offline

Activity: 2646
Merit: 549



View Profile
January 03, 2021, 10:37:52 AM
 #7

LMAO, previously they have been in competition with Monero as being the top privacy coins and now they suddenly made a U-turn claim? Lol. What is this to save their skin because of the future delisting of their coins? Regardless if they expand their use case, they remain as privacy coins, no doubt.

So I don't think this is ok though, it might back fire on them, a company who goes against the very principle that they are promoting in the beginning.

███████████████████████
████████████████████
██████████████████
████████████████████
███▀▀▀█████████████████
███▄▄▄█████████████████
██████████████████████
██████████████████████
███████████████████████
█████████████████████
███████████████████
███████████████
████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████████▀▀██▀██▀▀█████████
█████████████▄█████████████
███████████████████████
████████████████████████
████████████▄█▄█████████
████████▀▀███████████
██████████████████
▀███████████████████▀
▀███████████████▀
█████████████████████████
O F F I C I A L   P A R T N E R S
▬▬▬▬▬▬▬▬▬▬
ASTON VILLA FC
BURNLEY FC
BK8?.
..PLAY NOW..
qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
January 03, 2021, 10:54:19 AM
 #8

LMAO, previously they have been in competition with Monero as being the top privacy coins and now they suddenly made a U-turn claim? Lol. What is this to save their skin because of the future delisting of their coins? Regardless if they expand their use case, they remain as privacy coins, no doubt.

So I don't think this is ok though, it might back fire on them, a company who goes against the very principle that they are promoting in the beginning.

Principles change when use cases expand. A company vision can change over time, a company strategy can change over time, a company focus can change over time.
Crypto is a space where everything constantly evolves and changes, if a company or a crypto project does not adapt they will have little chance of survival.

Dash took this new direction, new focus, new strategy, new vision many many years ago. Only to people that have been out of touch with Dash developments over the years,
does this come as a surprise.

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
KaratX
Member
**
Offline Offline

Activity: 252
Merit: 29

Sovryn - Brings DeFi to Bitcoin


View Profile
January 03, 2021, 10:58:09 AM
 #9

They never denied the privacy part, they are just limiting their privacy capability to that of Bitcoin  Grin  Grin but is Bitcoin even a privacy coin? The answer is no, because bitcoin is just a decentralized project, not anonymous LMAO

qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
January 03, 2021, 11:36:38 AM
 #10

They never denied the privacy part, they are just limiting their privacy capability to that of Bitcoin  Grin  Grin but is Bitcoin even a privacy coin? The answer is no, because bitcoin is just a decentralized project, not anonymous LMAO

Bitcoin users requiring additional privacy on their transactions have moved from using Bitcoin Mixers to using Bitcoin privacy wallets, which connect to the anonymity network of Tor
and create CoinJoin transactions.

Source : https://www.cryptopolitan.com/privacy-wallets-their-growing-role-in-bitcoi/

Quote
Bitcoin Mixers are coin randomizers. They usually make sure that the value of Bitcoin exchanged between a sender and receiver differs greatly. At the end of such transactions,
the mixers then make it extremely difficult for the transaction to be traced back to the wallet that initiated the transaction.

However, mixers have a litany of issues and a growing number of regulators have been able to cut their influence. The crypto scammers have seeked an alternative which is the use
of privacy wallets.

To carry out these acts, Bitcoin wallets belonging to private individuals instead of exchanges are combined with the anonymity network of Tor. This results in the wallets being able to
be used to carry out CoinJoin transactions.

Dash users requiring additional privacy on their transactions can use Coinjoin in the Dash Core wallet (its called PrivateSend), which utilize the masternodes network for that
(which all have public ip addresses by the way).

So those users seeking additional privacy on their transactions can do that both with Bitcoin and with Dash.
With Bitcoin the privacy wallets provide users with the benefit of connecting to the Tor network for additional privacy.

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
overttherainbow
Full Member
***
Offline Offline

Activity: 243
Merit: 101



View Profile
January 03, 2021, 11:44:10 AM
 #11

Every project is now afraid of words "security" or "privacy". SEC rules the market
Bitstar_coin
Hero Member
*****
Offline Offline

Activity: 2450
Merit: 693


View Profile WWW
January 03, 2021, 12:49:42 PM
 #12

Official tweet: https://twitter.com/Dashpay/status/1345093269919854592

So, for years Dash team was saying that they are better than Monero and other privacycoins, now they are saying that "their privacy is not better than in Bitcoin"  Grin

How do you feel about that? Do you want to invest in a project that puts compliance with regulators above their own declared principles? Or do you think that this is just a tactical lie to return the lost liquidity and its all okay?

Although it doesn't sound good and don't make them to appear trust worthy but at the same time I think they are thinking what is best for the project and the investors, if they turned down regulation compliance they will be a target to sec and that too won't be good for the project as well.
qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
January 03, 2021, 01:46:15 PM
 #13

Interesting articles :

https://blog.chainalysis.com/reports/introducing-chainalysis-investigation-compliance-support-dash-zcash
https://media.dash.org/wp-content/uploads/Dash-PrivateSend-Legal-Position-EN.pdf

Credits for the link : aleix

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
Baofeng
Legendary
*
Offline Offline

Activity: 2632
Merit: 1667



View Profile
January 03, 2021, 01:48:56 PM
 #14

Official tweet: https://twitter.com/Dashpay/status/1345093269919854592

So, for years Dash team was saying that they are better than Monero and other privacycoins, now they are saying that "their privacy is not better than in Bitcoin"  Grin

How do you feel about that? Do you want to invest in a project that puts compliance with regulators above their own declared principles? Or do you think that this is just a tactical lie to return the lost liquidity and its all okay?

Very strange twist of fate here, so are they saying that bitcoin should also be delisted because they have the same privacy focused coins? hehehe.

Nah, I won't invest on a project who suddenly twisted their own words just to save face and then compare themselves to bitcoin. This is not what they started, they competed with a lot of privacy coins before, now they change their whole narrative which is bad for their image and other might go to lengths to troll them.

███████████████████████
████████████████████
██████████████████
████████████████████
███▀▀▀█████████████████
███▄▄▄█████████████████
██████████████████████
██████████████████████
███████████████████████
█████████████████████
███████████████████
███████████████
████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████████▀▀██▀██▀▀█████████
█████████████▄█████████████
███████████████████████
████████████████████████
████████████▄█▄█████████
████████▀▀███████████
██████████████████
▀███████████████████▀
▀███████████████▀
█████████████████████████
O F F I C I A L   P A R T N E R S
▬▬▬▬▬▬▬▬▬▬
ASTON VILLA FC
BURNLEY FC
BK8?.
..PLAY NOW..
qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
January 03, 2021, 01:50:40 PM
 #15

other might go to lengths to troll them.

We are used to that. And no, this was not suddenly.
It is very simple :

Quote
Dash’s transaction rules are identical to Bitcoin, and therefore for regulatory and compliance purposes Dash can and should be treated identically to Bitcoin.

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
covfefe_
Full Member
***
Offline Offline

Activity: 935
Merit: 105


View Profile
January 03, 2021, 01:53:58 PM
 #16

Many of these so called privacy focused coins are just some manipulative coins that gets value due to trading interest. It's hard for them to survive or thrive as a value out of centralized exchages. There would just be a few coins that would still be privacy focused and is not killed by the Global crypto police from US.
Yogee
Sr. Member
****
Offline Offline

Activity: 1554
Merit: 412


View Profile
January 03, 2021, 02:12:23 PM
 #17

.....
Dash took this new direction, new focus, new strategy, new vision many many years ago. Only to people that have been out of touch with Dash developments over the years, does this come as a surprise.
"First impressions last"

Dash still allow sending privately as you said in your previous comment. I wonder why they still don't discard all the privacy features. It's been like what 2 -3 years since Dash was delisted on some exchanges? Why not just let some third party create a way to send Dash coins privately the same way mixers and wallets do with BTC? Is it impossible to disable private send in Dash Core wallet or do they still want to be associated with "privacy"?
20kevin20
Legendary
*
Offline Offline

Activity: 1134
Merit: 1597


View Profile
January 03, 2021, 02:26:33 PM
 #18

That's what happens when you falsely advertise your cryptocurrency as an attempt to bring it to the top. Says everything about their true intentions. Cheesy
qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
January 03, 2021, 02:42:07 PM
 #19

.....
Dash took this new direction, new focus, new strategy, new vision many many years ago. Only to people that have been out of touch with Dash developments over the years, does this come as a surprise.
"First impressions last"

Dash still allow sending privately as you said in your previous comment. I wonder why they still don't discard all the privacy features. It's been like what 2 -3 years since Dash was delisted on some exchanges? Why not just let some third party create a way to send Dash coins privately the same way mixers and wallets do with BTC? Is it impossible to disable private send in Dash Core wallet or do they still want to be associated with "privacy"?

Dash views having optional privacy for users as a very important offering, not to be discarded lightly.
A few of those exchanges that previously stated to delist Dash, came back on that decision, after communication with Dash Core Group :

https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dash
Dash still traded on OkeX Korea --> https://okex.co.kr/kr/view/exchange/full?coin=DASH&market=BTC

https://www.reddit.com/r/dashpay/comments/ikg8m9/banking_partners_happy_for_dash_and_other/  

Other exchanges proceeded with delisting Dash (exchanges in Japan, South Korea,  etc)

Quote
Delisting is one of the easiest responses for small, compliant cryptocurrency exchanges,” said Justin Ehrenhofer, a Monero contributor. “They may not have the resources to properly communicate their risk mitigation strategies to regulators and banks.

In most cases, banks, exchanges and other entities find it simpler to completely write off products related to specific coins rather than expend resources creating detailed compliance programs, according to Ehrenhofer.

Source : https://www.coindesk.com/privacy-coin-advocates-crypto-exchange-delistings

Shifting the optional privacy from Dash Core wallets to third party wallets will just create trust and centralization issues. And for what ? Smaller exchanges could still continue
to delist Dash by association or because they still perceive Dash to be a privacy-centric coin or because they don't have compliance resources.

US government agencies mislabeling Dash is not helping either.


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
Brindez_kromo
Member
**
Offline Offline

Activity: 490
Merit: 10


View Profile
January 03, 2021, 03:33:48 PM
 #20

They're looking for a safe way out of the USA crypto police by comparing themselves to bitcoin,, in fact this is very funny because they suddenly use unreasonable excuses.I'm increasingly wondering if true they're using privacy-centered coins or just nonsense with the offers they've been doing?
What is clear, that this is increasingly attractive because the price of dash in the market will change quickly because their move and will definitely affect crypto investors or those who hold their coins.
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!