Post
Topic
Board Altcoin Discussion
Re: XMR vs DRK
by
majamina
on 29/03/2015, 23:00:07 UTC
ok one more post before sleep Smiley

This is not an insignificant point. One of gmaxwell's criticisms of darkcoin/dash using coinjoin (which he invented) is that you can use coinjoin on Bitcoin. There are several different ways of doing that today, and if you use a few of them you are protected from the weaknesses of any of them in the same way that using multiple masternodes protects you from the weaknesses of one. Apparently there is a significant amount of coinjoin going on with Bitcoin right now.

Yeah but think general public. DASH is ramping up efforts on wallet development right now. The aim is to have a super-slick wallet that anyone can use, easily and simply, to get privacy, pay instantly and have serious confidence in their wallet security through 2FA. You just can't expect a wider-adopting public to pull all that together with BTC because it's not native to the coin - the services are disjointed and require too much geek knowledge to integrate.

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Sure, this is maybe more inconvenient than using darkcoin/dash with masternodes and support built into the wallet (though I don't really know what people are using for Bitcoin-based-coinjoin so I can't entirely say) but the trade off for that is being isolated from the enormously larger set of Bitcoin users, Bitcoin services, and Bitcoin liquidity.

Now I really don't like using this analogy, but Facebook users aren't isolated from Myspace users - are they? It's even more than that though...DASH uses BTC APIs so all the merchant services already built can work with DASH with trivial effort.

I know you and all the other XMR guys will laugh at the idea that DASH could in any way compete with bitcoin. All I can say is....stranger things have happened.