I am voting no on all charity-only proposals, including those tied to a challenge.
That's one way to do it. I'm looking for something more viral, though. Something that will get traction outside of the "DASH echochamber."I wasn't knocking the underlying idea of a prize fund. And I'm not that keen on generating the money before it's been cracked, if ever.
Why don't we just submit a 5 dash proposal pledge...
"We the Dash DAO hereby declare a $1 MILLION DOLLAR PRIZE to any entity successfully cracking Dash's PrivateSend according to the following rules..".
If we can pledge a 2MB block increase and be held to it a year later, then we can uphold this pledge also.
That's one way to do it. I'm looking for something more viral, though. Something that will get traction outside of the "DASH echochamber."
Yeah, that.I'm guessing that to some extent the current prize for another cryptocurrency to break PrivateSend is some percentage of $1,352,463,661 which is the current market cap of Dash.
If they could show it can be broken then Dash would lose users and they would gain them.
This could be a good way to market Dash & quiet any trolls...
Eh... I get it. and normally I'm all for this sort of thing...
Haven't those assholes from XMR been all about how useless DS is, how easily they can deanonymize it, etc.
Isn't knocking DASH down and pumping their one-trick-pony shitcoin a reward in itself?
Oh, that never happened? Over two years later? Still nothing?
Oh, well, in that case, I'll vote for it. It's probably just because the incentive isn't large enough. I bet if we offer money the XMR jeniuses will find it worth doing.
And just in case nobody noticed. [/sarc]
I'm now thinking we're getting this all wrong. I've been reflecting on what Evan and others have been saying about PoS vs PoW, and also his comments about SegWit. It seems to me, the greater prize is breaking coins using PoS / SegWit. I mean, if we could break nem's DPoS, that would be a huge blow to many other PoS coins. And if we could fuck up bitcoin's SegWit, woah, I can't even begin to imagine the prize for doing that. So it seems to me, while the odds of breaking bitcon's SegWit is low, the opportunity should not be missed given the enormous potential prize.
I realise bitcoin's market cap is already the biggest prize fund going, but if SegWit is so bad that dash dare not touch it, and if SegWit does indeed lead to more centralization, then that there is the target to bring it down.
I am strongly suggesting this proposal take this two-pronged approach, with a very aggressive prize fund for breaking or debunking other cryptos.
I have no interest in attacking other coins. There are plenty of people out there that are going to do that from other communities. I want to be the classy community.
I don't even view Bitcoin as a competitor to Dash. Dash is going to replace money to actually buy stuff. And replace banks and paypal and help people in 3rd world countries that either have predatory banking, or no banking services at all.
Bitcoin wrote off all those use cases by failing to scale rapidly to keep transaction costs in the pennies range, not the dollars range. They're just handing that to us on a silver platter. And the potential market is so very huge, the top 20 cryptos could all go up 10x in value and still not put much of a dent in the world economy.
How many people in total have done anything meaningful in all the cryptocurrencies put together? I bet it's less than 150,000. I'm more interested in the other 7 billion. Let's market our advantages to them rather than engage in shouting matches with other coins.
Talking smack has a way of coming back to bite you. I will respectfully correct people if they spread misinformation about Dash, but otherwise we're just going to keep our head down and keep chugging to victory.
DASH: Cryptocurrency for grown-ups.I'm more interested in the other 7 billion. Let's market our advantages to them rather than engage in shouting matches with other coins.
-1 to looking for weaknesses in other coins too, other open source projects related to Dash might make sense though: