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.