Dash – A Governance and Privacy Coin

https://shitcoin.com/dash-a-governance-and-privacy-coin-thats-surprisingly-easy-to-use-11160e565ce0

by abrkn • 9 years ago

52 37 9 years ago

shitcoin.com

gruez• 9 years ago

Does anyone else find the gifs that are inserted after every other paragraph obnoxious?

XR0CSWV3h3kZWg2• 9 years ago

Yeah, unfortunately reader mode on firefox cuts out the relevant screen shots as well.

ben174• 9 years ago

Yes. An otherwise well-written and informative article, but those gifs just kill me.

Deimorz2• 9 years ago

This is a really annoying trend in blogging / internet writing recently. It's very common now for even technical articles (like this one) to have multiple irrelevant movie/TV gifs embedded, almost like the author is replying with reaction gifs to their own writing.

Not only is it a bunch of irrelevant content that makes reading the actual text more annoying because you've got at least one short video looping on your screen the whole time, it also increases the data usage massively. This article transfers over 70MB, with over 50MB of that being from the gifs.

CamonZix• 9 years ago

What do you expect when everyone and their dog is pretending to be quirky and "cool".

abrkn7• 9 years ago

Author here. Try this: document.querySelectorAll('img[src$="gif"]').forEach(_ => _.parentNode.parentNode.remove())

Deimorz2• 9 years ago

Doesn't really work because the gifs lazy-load as you scroll down. So you'd either have to run it repeatedly, or scroll through the whole post first and then do it.

psyc• 9 years ago

Now you know what HN thinks of your detailed and laborious $300,000 review. We hate the GIFs.

XR0CSWV3h3kZWg2• 9 years ago

Reasonable post, horrible usage of gifs.

abrkn7• 9 years ago

You're not the first person to tell me this. I'll keep it in mind for my next review. Thanks!

alphydan• 9 years ago

Did the author just spend $300,000 USD to become a master node and write the review!? That's a dedicated blogger!

KirinDave• 9 years ago

I was curious about this too.

TrainedMonkey2• 9 years ago

He spent 1,000 DASH / (4,000.00 [USD/BTC] / 300.00 [USD/DASH]) = 13.(3) BTC. At this point I think it counts more as diversification.

edit: [BTC/USD] -> [USD/BTC] && [DASH/USD] -> [USD/DASH]

ricardobeat• 9 years ago

I don’t follow. He shows a balance of 1000 DASH (=300k USD) in his wallet. How is it related to the price of BTC?

npongratz• 9 years ago

He spent 1,000 DASH / (4,000.00 [USD/BTC] / 300.00 [USD/DASH]) = 13.(3) BTC

Maybe I'm calculating this incorrectly, but using the above, I come up with a cost of 75 BTC for 1000 DASH. And given the current BTC price of DASH at coinmarketcap.com[0], I see 1000 DASH would run about 55 BTC.

Either way, it's certainly possible that the purchase was for diversification, if one speculates the initial BTC "basket" was quite a bit larger.

[0] https://coinmarketcap.com/currencies/dash/

abrkn7• 9 years ago

I am the author. Yes, it was more like $330,000. The price has since gone down.

bonestamp2• 9 years ago

It was a great review and at the end of it I had this realization that I could be a masternode and earn some Dash. Then I looked up the current price and no, I couldn't. I'm glad you did though and it would be awesome to see a followup on how much Dash you've earned as a masternode.

mathgenius2• 9 years ago

So how much does your masternode make from block rewards ?

jandrese• 9 years ago

That is quite the domain name.

avip• 9 years ago

  Domain name: A+
  Content: A
  Everything else: C-

lawn2• 9 years ago

Dash is just another scam.

Within 8 hours over 1.5 million coins were mined with a very low difficulty due to a "bug".

The governance system requires you to bind up a sizeable amount of coins in master nodes which allows you to vote (and they also continue to earn more coins!). It's easy to centrally control the governance using the instamine. A lot of coins is spent on marketing luring in new users with promising buzzwords (privacy, instant transactions, scaling, governance...). This causes an inflated market cap as a lot of coins are locked into master nodes and are not used to trade or transacted with. It is only interesting if you find ponzi schemes interesting.

https://bitcointalk.org/index.php?topic=999886.0

If you think that's bad then consider that the creator holds a master key which can force all nodes to reprocess all blocks in the last 24 hours. Yes you read that right.

https://www.reddit.com/r/CryptoCurrency/comments/7293tw/just...

https://github.com/dashpay/dash/blob/master/src/spork.cpp#L7...

qertoip• 9 years ago

Dash is not a privacy coin, it's neither the project focus nor the reality. The only coins that are meaningful with regard to privacy are Monero and Zcash. See https://www.reddit.com/r/privacy/wiki/cryptocurrency for more background.

iopuy• 9 years ago

I'd also venture to say Verge qualifies as a legit privacy focused coin.

cryptodogemoon• 9 years ago

verge offers nothing interesting in terms of privacy or features. its just a boring clone with a forced TOR connection.

the marketing is great though!

aminorex3• 9 years ago

Given that alphabay was busted within 96 hours of accepting zcash, and that both Greene and Zooko have said they could backdoor it for a subpeona, i find it hard to take zcash seriously. TLA coin.

mathgenius2• 9 years ago

It seems like there needs to be a concluding gif: "shit or not?" (like how rotten tomatoes has fresh/rotten.. i'm not sure what "fresh" means in this context..)

abrkn7• 9 years ago

I agree that would be funny, but it's too hard to judge. Something can look great today and suck in five years or the other way around.

thisisit• 9 years ago

The first review by the same author was amazing but since then things have fallen off a bit.

Was the privacy aspect even tested? The only line I could find was - " I haven’t read much about instant/private send". So was the PrivateSend feature even tested?

Additionally, what does this imply?

"Masternodes are used for instant/private transactions and governance"

Does it mean only masternodes can use the privacy focused feature?

An additional note, can someone please explain me what is so novel about the governance policy other than instead of asking votes from the entire network (ie bitcoin), the votes are focused only in hands of people with enough coin?

lawn2• 9 years ago

Does it mean only masternodes can use the privacy focused feature?

No, it means the masternodes provide privacy by mixing your coins. This has privacy implications.

An additional note, can someone please explain me what is so novel about the governance policy other than instead of asking votes from the entire network (ie bitcoin), the votes are focused only in hands of people with enough coin?

That's the novelty. No it's not particularly useful.

aminorex3• 9 years ago

Indeed, and the privacy implications of centralized mixers are doubleplus ungood.

abrkn7• 9 years ago

Thanks for the feedback. I have to admit I don't think this review went well at all. I tried to cover too many areas and ended up feeling like I covered none.

Dash – A Governance and Privacy Coin

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