Post
Topic
Board Altcoin Discussion
Re: Peter Todd calls dash snake oil.
by
iCEBREAKER
on 20/07/2015, 02:12:03 UTC
I'm not trying to convince you of anything; you're obviously a hardened loyalist who is trying to spin a Bitcoin Dev's analysis of their investment into a hand-waving distraction, "But over here..."

Masternodes are a human controlled point of failure that has never nor ever will be incorporated into a serious cryptosystem. These systems are fragile enough without excessive parts that serve no real purpose other than to funnel money into the greedy hands of early adopters.

Snake oil.

I'm sorry, but I have read what Peter Todd said, and he has no idea what he is talking about.  Comparing instant X to green addresses or DarkSend to CoinJoin is like comparing boiled wheat to a German Chocolate cake.  He acts as if none of the issues in those first thought experiments were resolved.  I agree, I'm a fan of DASH and of Evan Duffield, because he really thinks outside of the box, has come up with super eloquent solutions to resolve those issues, keeping everything simple and verifiable.  That takes genius.  Complicating things to the point where you lose all the beauty of why Bitcoin works is simply death. 

Peter Todd is an expert in crypto and computer science.  You only attacked his credentials *AFTER* he dared to criticized a coin you are holding bags of.

If he said, 'Yes I love Dash, and Monero is rubbish' you would obviously be singing his praises.  That's called hypocrisy...

Breaking gmax's CoinJoin and renaming it "DarkSend" isn't thinking "outside of the box."

Breaking green addresses and renaming them "InstantX" isn't thinking "outside of the box."

Ignoring Bitcoin's raison d'etre, which is trustlessness, by involving trusted third parties in the form of Masternodes isn't thinking "outside of the box."

None of that is any more "genius" than a cargo cult priest's "outside of the box" idea to build bamboo runways.   Cheesy