Quote from: TanteStefana2 on June 25, 2015, 02:43:11 PM

Quote from: tungfa on June 25, 2015, 10:05:37 AM

Quote from: oniromancia on June 25, 2015, 10:00:34 AM

I thought the problem with darkcoin is the centralization of masternodes. It costs 1000DRK to run a masternode. With darkcoin at at $10 thats $10,000 required to run a masternode. It's currently at an even higher price than that! If it reaches $100 then that will be $100,000 to run a masternode. Impossible for almost everyone, resulting in centralised mixing services at severely reduced (or completely broken) anonymity. Anyone care to explain why I'm wrong?

you are
as all the MN holder now will not sell only because the price goes up, as parallel the MN payouts (in US$) rise as well.
Imagine you have 10 MN's, Dash price is 100 US$, you will receive
0.7 Dash per Day x 10 Mn's = 700 US$ per day !! (21.000 US$ per Month)
(Woop Woop)
so where is the centralisation again ?
Roll Eyes

Also, 2600+ full nodes that are paid for doing work, PLUS the miners is hardly centralized. Bitcoin has been loosing full nodes, and since their market cap is 230 times that of DASH, with only roughly 6000 full nodes, and falling, DASH's network is extremely strong.

If there ever should come a need for more nodes, the collateral could simply be halved and we'd immediately double the nodes running. However, the developers have decided that 3000 masternodes would be the best number for the network as it's not too many that would flood the system; overwhelming it with chatter and yet plenty to service the network with enough variety to keep it decentralized and unbreakable.

Dash and decentralization

I don't think people realize how impressive Dash number of full nodes is, it is the second largest network of full nodes after Bitcoin and growing. It is truly decentralized the nodes are distributed around the world in many jurisdictions, ran by hundreds of different people, from different hosting providers and even from their home in raspberry pi 2s.

These gives the network incredible syncing speed, it really works well. Dash is the fastest syncing coin I have seen, you can sync weeks in a few minutes and it always works. Other coins you have to wait days with your client open syncing or use bootstraps to help your client sync.

Mixing

Dash decentralized mixing, uses a series of randomly selected nodes for each round of mixing. You can mix up to 16 rounds in the current version, each round uses a different node. This provides a very high degree of privacy from third parties.

People often talk about the possibility of a masternode operator uncovering a particular round of mixing, the reality is, since a random node is selected from 2700 possible nodes over 16 iterations is impossible for any masternode operator to follow the mixing of a particular input through several rounds of mixing. A person would have to control over 80% of the total number of masternodes to even have a small chance of doing that and this would be the same for any other privacy technology. If you control over 80% of a cryptonote coin you could uncover transactions too, this is just a theoretical edge case that is just not reality.

Also Dash decentralized mixing, is the best dealing with change linking, just read the whitepaper, Darksend does not leave a change trail.

Versatility

Dash architecture on top of delivering a higher degree of privacy, has many advantages and applications. It supports additional value to benefit users. The best example is instant transaction confirmations and the possibility of implementing scalability solutions like the lightning network, 2FA or other applications. Dash is truly a different approach, with incentivized full node operation and collateral to prevent people running Sybil attacks it is quite promising.

There is a lot of work to do still but Dash has a clear added value proposition, Dash is unleashing the potential of a 2 tier network with paid node operation and mining, and adding decentralized added value services over its full node network which has proven a success growing to about 50% of the Bitcoin network with only a small fraction of its marketcap. There is a lot of upside still and that is why people are investing and it has found a very stable floor at this price range it is simply undervalued for its potential.