Re:Dash – A Governance and Privacy Coin
by lawn on Friday October 13, 2017 @04:00PM
(#15468833)
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.
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.
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...