Quote from: TaoOfSaatoshi on April 09, 2016, 04:45:30 AM

Quote from: TPTB_need_war on April 09, 2016, 04:26:06 AM

Quote from: TaoOfSaatoshi on April 09, 2016, 04:02:48 AM

Hey, I heard that you can break InstantX. When can we expect that to happen? I will personally tip you if you do it. Don't disappoint me. Generalize this said you could.

I found a high school level probability math error in the InstantX white paper that had been there for a guess roughly a year and nobody had done the peer review. So this tells you there is no world-class development team.

The white paper was claiming astronomical odds of colluding masternodes able to corrupt the InstantX transactions. I showed the probability was much more reasonable. I forget the exact quantification, but it roughly dropped in the range of a some akair double-digit percentage of the masternodes would enable corrupting afair single-digit x% of the InstantX transactions.

So the difficulty in attacking that version of InstantX (assuming it hasn't been somehow improved in some yet undocumented manner) is I need to acquire the masternodes and then I need to do the development coding. I would thus risk destroying the value of all that DRK locked up for masternodes because the price of DRK would likely plummet if I attack it. I don't know if there is any way for me to short DRK with sufficient size and liquidity and also why would I want to risk a short position on trying to prove this? I have neither the funds nor time to waste on that when working on my project is worth $millions to me in opportunity cost. I have said that in the future if Dash is not already dead and I have $millions, then I will likely pay a hacker to destroy Dash because I view it (my opinion) as an major scam that is defrauding our community.

The reason the InstantX flaw (and other flaws) matter is because:

1. It exemplifies how inept the Dash development team is. There are surely more flaws lurking that no one has peer reviewed.

2. If Dash scales up, then there will be many hackers with the motivation to attack it and short it. So these flaws although not worth any of us attacking now, actually insure it is quite implausible that Dash could ever scale up to do anything in real adoption. Also the masternode scam violates the principle of trustless, non-centralization which is necessary to promote network effects (i.e. for others to invest their company in your technology).

On top of that, afaics (based on limited information Evan has released) Evolution is flawed and really doesn't solve any problems of scaling. I will wait until after it is released to explain why. So that will be hanging over your head.

Nice post. You know your shit. But I will tell you the same thing I told generalize this. Until someone actually attacks Dash and breaks it, these statements are conjecture.

But another thing while we're on the topic... Why don't you present these findings to Dash for a reward? If you are right and this is an attack vector, I will personally submit a proposal to pay you for your trouble. See, Dash isn't all bad.

And another thing. These scams that you guys are screaming everywhere about? I wasn't here for the instamine, was I scammed? If Dash's beginnings were flawed and a few people got that many coins, that means that they will work like hell to improve the project. I personally would not begrudge Evan if he becomes the next Bill Gates. There are Dash for sale right now, people that buy these Dash and join Dash Nation are going to be part of a community with leaders that are passionate, talented AND motivated. Make no mistake, it's not too late to make money with a Dash investment. I wouldn't have started the Tao Index if I thought differently.

Some say scam, but where are the victims? That's where that argument fails.

Some say scam ....heehhe the vast majority say scam for one good reason and that is because darkcoin/dash is a proven scam

https://bitcointalk.org/index.php?topic=995710.0

https://bitcointalk.org/index.php?topic=560138.0

https://bitcointalk.org/index.php?topic=559028.0

https://bitcointalk.org/index.php?topic=1173474.0

https://bitcointalk.org/index.php?topic=1034864.0

1. the miners were promised a fair and open launch

they got a closed captive instamine. - they were scammed.

2. the minting was stated to be X they then slashed X by 75%

they lied and deceived again

anyone that was hoping to mine the on the other 75% that was removed was lied to and scammed out of a fair chance to mine.

3. the price is a scam, anyone buying now should have been able to buy at a much lower price if the distribution was wider

Anyone who googles dash or darkcoin is immediately faced with the facts it was a scam.

They immediately see these threads

https://bitcointalk.org/index.php?topic=995710.0

https://bitcointalk.org/index.php?topic=560138.0

https://bitcointalk.org/index.php?topic=559028.0

https://bitcointalk.org/index.php?topic=1173474.0

https://bitcointalk.org/index.php?topic=1034864.0

and after reading them any logical and sane person would conclude it's a scam.

So read those again. You are the founding father of those threads. Without you those threads may well not exist. You are a credit to the crypto community. Even now you are there providing opportunity to bring those threads to the attention of new people who could have missed out on the chance to educate themselves regarding the scam coin dash.

Can you link to those on your twitter feed? Just say it got hacked or something if dashers notice.