Post
Topic
Board Altcoin Discussion
Re: Honestly, which is better? Monero or Dash?
by
ArticMine
on 20/12/2015, 01:18:23 UTC
Shadowcash -> both

tech wise that is.

Damn, that threw a spanner in the works.  I was on the cusp, THE CUSP, of deciding which one is better monero or dash when this deliveryman guy throws in a bombshell: 'Shadowcash'.  Now i know monero and dash are quite hard to decide between, but shadowcash?  Is shadowcash better than monero AND dash? Can anyone from either the monero community, the dash community or the shadowcash community please enlighten me?

If you want to learn more about ShadowCash and how it compares to Monero and Dash this is a good place to start. https://doc.shadowproject.io/#shadow-and-others. There are some very strong similarities with Monero. The critical difference is that ShadowCash is proof of stake while Monero is proof of work. Personally I believe that derivatives markets will make proof of stake coins fundamentally insecure. This is because the coin network has no way of determining if the stakeholder has shorted the coin on the derivatives market. If the stakeholder has a net short position then it would be in the stakeholder's interest to vote her stake against the best interests of the coin. This fundamentally undermines the whole premise of proof of stake as a way to secure a coin network. Dash is by the way vulnerable to this kind of attack since there is no way for the Dash network to determine if the holder of a masternode "secured" by 1000 Dash does not have a 2000 Dash short position somewhere else for a net 1000 Dash short position. It is actually even more vulnerable than most proof of stake coins since there is a built in incentive to set up masternodes using Dash borrowed from those who have less than 1000 Dash.