Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Um, masternodes will always do the mixing. Only now they will do it in quorums.
this is new information...
This is a quote from Evan Duffield
"This system doesn't mix on masternodes at all. It's done on a protocol level.
And so, we actually don't like that we are mixing on masternodes and I wanted to remove that for a long time and I finally figuered out how to do it."
So masternodes will still be used for mixing?
This is a disappointment, I must admit
I don't remember this. I'm just working it out with what we're given. Still, I'd think this would be an excellent solution. No need to wait for blocks, how ever many MNs you have, is essentially the number of rounds. Seems logical to me.
Maybe there is another way?
I sure hope it won't be something that obscures the blockchain like Monero. I don't like something I can't check on.
I did study monero a bit and I don't see an issue with the 'obscure blockchain'...
The ring signatures are based on tested crypto, this ensures that all outputs are valid and the network has a mechanism that is double spend proof.
The mixing on masternodes is a weak point in my opinion. It is just bad for anonymity.
Currently I own 200 DASH and 1000 XMR.
Still not sure what to do:
*DASH has better market cap and support, but I don't really like the mixing system.
Also additional features I think are interesting like instantX I like, although I would like to see some external crypto-expert checking if it's safe and can scale.
*XMR has better mixing tech, but I have no clue why the community and market cap seems so small.
I also like the stealth addresses... You only need one account. It's better than a HD wallet because change transactions can't be linked.
My initial plan to buy a masternode is postponed until I see some external validation of DASH tech and the details of Evolution.
If DASH would go sub 0.005 BTC, I'll probably double down on my current position.
This will also happen for XMR if it drops below 0.001 BTC.
I'll probably bet on both for now. If one or the other clearly becomes the leading anonymous currency, I'll sell the one and buy the other.
For me, if I can't figure out where a transaction is, if it's been duplicated, if it's really working. If there is no way to double check it - especially a way I can understand, it's not for me. I don't like the complexity. I seriously don't trust it, and I don't know if someone holds the key to the encryption either. You have to completely trust the person who set the ball in motion. And frankly, that person turned out to be a scammer. Or perhaps they were a government spy network? How can anyone trust it? Why do you have to trust such a centralized point of failure?
It's not for me.
There is no "key to encryption", you are confusing monero with zerocash.
That guy has clearly no idea how Monero works, or Bitcoin in general:
1) there is no "masterkey" for cryptonote, every user generates his own keys, exactly like bitcoin
2) There is a way to doublecheck, everything is on the blockchain, there is no way to create coins out of thin air etc. without directly seeing it!
3) You don´t like the complexity? It´s all known math, just cleverly combined, you don´t have to trust anyone but maybe you trust gmaxwell aka nullc when he says stuff like this: https://news.ycombinator.com/item?id=7765455
4) As already said, no one set the ball in motion, there is no key for everything like it is in Zerocoin.
5) Government spy network? CN uses Curve25519 from DJB, you can´t get more away from the NSA than DJB https://en.wikipedia.org/wiki/Bernstein_v._United_States
6) You don´t trust persons, you trust the math which has been reviewed multiple times included by bitcoin core devs, if you can´t turst a bitcoin core dev you should leave the cryptocurrency space i guess.
7) There is no centralized point of failure, unlike in DASH.