Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
AlexGR
on 30/11/2015, 07:17:53 UTC
Empty promises:

The ring signatures V2, has a follow-up post which has been conveniently omitted. V1 didn't have the DarkSend that is now implemented, rather something like 3x10 DRK, one round. It was real-time, in the sense that you had to transact (DarkSending money) as you were mixing.

I wrote something to the effect that ring signatures are DOA / they don't scale, and then Evan thought of another way to improve mixing, and V2 came out with premixing (no need to mix when sending, which improved speed massively as the money were ready to get spent), multiple rounds, various denominations etc.

So people did get a much upgraded V2, although through a different implementation.

Link please to the follow up post.

Also please link me also to the PROOF that ring signatures don't scale.

I want to see actual numbers/math/facts. Not hand waving.

https://bitcointalk.org/index.php?topic=421615.msg6815040#msg6815040 => "I have 2 possible solutions to evaluate for V2 of darksend (ring signatures and encrypted system where the users themselves do the joining relayed through the masternodes.) . Both of these make the masternodes unaware of who is sending money to whom, so centralization isn't an issue at that point."
https://bitcointalk.org/index.php?topic=421615.msg6862900#msg6862900
https://bitcointalk.org/index.php?topic=421615.msg6864666#msg6864666

As for "proof", well Bitcoin as it is can't scale. It'd need petabytes to compete with payment systems like VISA. You think a coin that generates multiple bloat per transaction, can?