Quote from: MasterMined710 on May 11, 2016, 07:01:32 AM

Quote from: generalizethis on May 11, 2016, 05:51:23 AM

Quote from: MasterMined710 on May 11, 2016, 01:11:45 AM

Quote from: iCEBREAKER on May 10, 2016, 10:56:20 PM

But we already knew DashHoles aren't exactly the brightest stars in the altcoin galaxy. Roll Eyes

Another epic fail by the monero marketing FUD team....

Quote from: MasterMined710 on May 10, 2016, 02:31:11 AM

Quote from: iCEBREAKER on May 09, 2016, 10:41:26 PM

http://blog.oleganza.com/post/144087873288/problem-with-proof-of-stake-and-coin-voting-in

Quote

Problem with Proof of Stake and coin voting in general

The problem with voting by coins is that most coins do not vote. This leaves a small fraction of UTXO to actually vote which is not representative and highly volatile since anyone risking to use idle keys to a large stash of coins can dramatically affect the voting outcome.

Most coins are locked up well under matress with multisig, time locks and possibly even with HSM-controlled keys. Also, pubkeys to long-term stashes do not want to be exposed from under their hashes in order to be better protected against a QC development in the long term.

In other words, most coins that matter, cannot and will not vote.

This leaves only the least important coins to perform voting. Obviously, the result of such voting will be worthless.

off-line masternode voting via trezor solves this problem. next.

Quote from: moocowmoo on May 10, 2016, 02:43:30 AM

Quote from: MasterMined710 on May 10, 2016, 02:31:11 AM

Quote from: iCEBREAKER on May 09, 2016, 10:41:26 PM

...

off-line masternode voting via trezor solves this problem. next.

Coins have nothing to do with voting. Nothing at all.
Coins may stay safely locked down and votes can still be cast.
These potential security concerns have been solved long ago.
Thanks to Evan, Dash is three steps ahead.

#REKT

It doesn't solve the problem of centralization though. The only way you can do that is to openly redistribute the instamined coins and get rid of the aggregation of coins on masternodes--two things that will likely never happen. But I'm sure you'll add more layers of complexity to the problem in a vain attempt to stay a few steps ahead of criticism. But unless you do the two things I outlined, you will miss the core problem of centralization and any "fixes" will be lip stick on a pig.

https://bitcointalk.org/index.php?topic=1443867.msg14601018#msg14601018

there is no centralization problem, your problem is with free market capitalism. the biggest dash holder bought his coins on the free market while you were wasting money on monero or some other coin that did not perform well, that's your own fault.
the instamine does not affect anything anymore, no more than the monero cripplemine or btc's early distribution. the biggest fear early on with the instamine was that someone would dump a bunch of coins and crashing the price, that time has now passed.

the ~400k cryptsy theft and slow dump affected the price more than anything (thanks for the cheap coins). as soon as those coins ran out around november the price slowly tripled. before that there was the mintpal dump from moolah alex green's hackery and even before that there was another exchange that was hacked early on and a bunch of coins that were dumped. lol, you had so many chances to buy cheap coins but failed and now you are butthurt.
the monero cripplemine and the dash instamine are both old news and i don't think either effects the coins anymore. however the dash instamine was accidental and the monero crippledminer was a scam by corrupt devs.

the 11.8 million monero fastmine is the main problem. due to the double whammy of the cripplemine and fastmine y'all should just restart monero with a fair emission curve and non crippledminer. oh and a official GUI wallet would be nice too. Wink

i wouldn't waste my time however as monero (one trick pony) will soon be replaced by zcash or something similar. dump now, thank me later!

Why the bitmonero/monero Ninjalaunched Cripplemined Fastmine matters
https://bitcointalk.org/index.php?topic=1435385.0

So you want us to believe that the instaminers (not that that's the whole issue with centralization--masternodes being the other part) not only sold "all" their coins, but also didn't engage in market manipulation to gain more cheap coins? And further, you want us to believe they didn't design benefits into the coin for coin hodling and didn't take advantage of the very benefits they designed into the coin?