Quote from: smooth on July 19, 2015, 09:16:20 PM

Quote from: generalizethis on July 19, 2015, 09:11:28 PM

Quote from: illodin on July 19, 2015, 09:07:52 PM

Quote from: generalizethis on July 19, 2015, 05:53:03 PM

Quote from: r0ach on July 19, 2015, 05:03:05 PM

Toknormal's description of how Cryptonote works or what is required for money to work was not legitimate. With his pictures, he seemed to even imply that central bankers are needed for money to function at all. Is this guy shilling?

He's trying to rationalize dash is better than bitcoin and monero at the things bitcoin and monero are best at. Bitcoin is the world's largest most secure decentralized clear blockchain. Monero is the world's largest and most secure decentralized opaque blockchain. He thinks (or wants us to believe)that masternodes are the preferred bridge between these two networks, but refuses to see (or admit) masternodes for what they really are: middlemen who can be bought and have control over the network they are supposed to decentralize and secure--so yeah, he is actually replacing bankers with masternodes and saying it is a good thing. Good for him and the other dash bagholders, bad for anyone who wants decentralization and/or privacy.

Whereas Bitcoin and Monero miners and payment processors can't be bought and controller, nor Monero coins borrowed and amassed to produce large amounts of ouputs to reduce the anonymity set.

Smooth has covered this with you and the other dashtards on multiple occasions. I need to save it so i can copy and paste it to your foreheads. Not that it makes dash any less snake oily.

To state it simply, creating outputs has an inherent cost since it consumes a non-renewable resource (block space). The design is carefully constructed so even miners or someone working in collusion with miners can't create unlimited outputs without incuring that cost, and can really only create a linear number of outputs over time. Even a high but limited number of sybil outputs does not significantly reduce anonymity because of the exponential explosion of tracing paths. (I've given numerical examples before, I won't repeat them here.)

An attacker trying do to this will need to compete with regular users for block space and therefore incur a cost proportional to the share of the outputs created. This in turn is likely to be pointless for the reason stated in the last sentence. As with most good cryptography, you have a linear function competing with an exponential function. The exponential wins.

In cryptonote, I still can't verify it with logic, therefore I will not trust it. That's all I have to say on it, I'm going to go back to my hole. I can see your point, that you are willing to trust. This is a philosophical difference, a difference in what we value to be important. In this case, the argument can never be resolved. Good day to you