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I don't agree with the argument that wasting electricity gives value to cryptocurrencies. DASH has never been profitable to mine at the time and it's not unusual in that. Mining is a purely speculative activity that will always be out of the reach of most due not only to hardware and electricity...

Dammit, I really wanted that mohawk. :sad:

You are either being obtuse here or you have not read the DGBB thread at all. Numerous people objected to the idea that funds be approved first before being diverted from infrastructure providers because, to paraphrase them, "MN owners are morons who will vote no to everything for their short...

Ahahahaha! I really thought he was just joking about Vegas. :grin:

I don't recall insulting you at all, in fact I have praised you in this thread. However, since you are now feeling insulted, you might also feel some empathy for the 2500 Masternode operators who have had to listen to various people imply, over and over, that they are all knuckledragging idiots...

If it works and solves all the problems, you can call it what you like. :tongue: Actually I see one difficulty, but it isn't insurmountable: if the MN network suffers major catastrophe, how will the miner-subset be chosen? Two possible WIP answers: 1. Choose them in advance to some specified...

Heh, I might have an answer that solves all problems except a steady miner income, as pools aren't going to work. I have said that this can be done purely with MNs but objections about reliability and the need for a physically separate network have been voiced, so: Each block MNs choose a...

There are a lot of good points here, I will try to address those that I can: (Hope the format makes sense, I'm referring to your bolded sections) Good 1. No real difference, except you buy a MN share not a GPU. 2. & 4. You're right, PoW mining has a longer history but comes with a variety of...

Yes, if some way of making shared MNs trustless was devised it would be a fantastic advance. Right now the partners need to trust the one guy with the wallet who admins the MN. What I'm proposing with MNs handling the minting and baking the blockchain would involve multiple MNs needing to reach...

Right now miners secure the blockchain and mint the coins, MNs provide Darksend and InstantX services. It has been shown that of the two systems, MNs are far less vulnerable. With coin minting and blockchain under the less secure mining system, everything I said above about a 51% PoW attack...

This really wasn't meant to be Crouton's Rage Against Pools 2.0 :grin: Longer term i genuinely see PoW as a stumbling block in a number of ways, Satoshi was a smart guy but we of all people should know that his system can be improved upon. I don't think it hurts to try and get more people...

I understand your concern as an investor with the price, but I ask you to remember that 'the market' is currently a very tiny group of people, and only a tiny fraction of them are smart enough to see long term value. And most of them are already here. But this isn't the real market. The real...

1st question: Centralisation is inherently much less of a problem with Masternodes. It's a linear vs exponential thing. 51% of PoW = guaranteed blockchain mayhem. 51% of MNs with n-of-m subsetting yields (1/((n/m)^no.of MNs in the process)) - eg. if 1000 out of 2500 MNs are compromised and 20...

I'm with you on all points. Throwing money around right now just won't achieve much, it needs to be precisely targeted, and scaled according to our growth and needs. There's an interesting (to me anyway) altcoin on BCT that plans to do the mobile-mobile thing. They have a very small market cap...

I think what you and tungfa do is amazing. You guys are relentless, and put a lot of time and sweat into what you do, and I think you deserve to be not just recognized but directly compensated for your work. This thread is more of a reaction to people saying that 15% of the block reward is...

I'm glad you asked me that! :eek: First point mentioned: Yes, you caught me out shovelling hyperbole! However, my argument about the scalability of PoW and why Proof of Service is far superior in all respects runs like this... Pretend for a moment you know nothing about crypto. Then try...

Yes, these two things are related. DASH is envisioned as being a currency platform that will scale to global levels of users. This is a non trivial task, never before attempted. Bitcoin was an experiment, whether Satoshi was an independent genius or whether he was a Google 20%'er or an...

I support darkchilds proposal - I don't do business with anyone I can't track down and tickle mercilessly if they become vexacious. All my shared MN partners know who and where I am and have my number. But your point is valid too. How about a sponsorship system? Those who would face real...

Along these lines is the only sane way of doing it. If projects want funding they need to put forth a good case or it isn't going to happen. We want good projects organised and executed by talented people, not half assed crap that ends up getting funded because the money has got to be spent...

Most startups fail. This sounds a lot like, "I think I can get away with it as you're a bunch of gullible suckers."