Dr.Crypto
Member
Hey everyone,
I just had an idea for a service that might reach some audience.
So, Dash's flagship is the Darksend technology, which allows to mix coins with other users in a trustless fashion while reaching great levels of anonymity.
The main difficulty right now is that this process can take quite some time, depending on the amount of Dash to mix, and how many other users are available for mixing. I think this may actually disappoint new users.
Now, what if it was possible to "buy" premixed Dash? We could imagine some business whose main activity is to sell Dash that it has continuously been Darksending, in exchange for a fee. What I'm describing is pretty much the purpose of a regular bitcoin mixer, except: 1/ the fee could remain pretty low due to the low cost of Darksend itself, 2/ the coins could be "guaranteed" to have been mixed with a certain number of Darksend rounds to achieve high anonymity, and 3/ the transaction could be instant (or pretty much).
I believe this could have a positive effect on the number of people using Darksend. Also, it could help convincing people coming from other cryptos. For instance, one could perfectly start from scratch by paying with bitcoin through Shapeshift or some payment processor, and receive in exchange fresh, anonymous Dash.
Finally, in this configuration, we could even imagine other cryptos using the Dash network to mix their other coins: for instance, one could use this service to obtain anonymous Dash from, say, LTC, then convert back to the coin of their choice, if that's what they use the most... until they realise they are better off with plain anonymous Dash and stick to it?
Though I might have overlooked some stuff (the main concern I have right now is that you'd have to "trust" that business to actually deliver you the coins, which is what you lose from using Darksend yourself), I think this shouldn't be so hard to implement (inclusing the conversion from/to other cryptos) and could greatly benefit the Dash ecosystem (especially on attracting new users). So feel free to take this idea and monetize it! (especially those already providing masternode hosting service, e.g. orangecycle, scratchy).
I just had an idea for a service that might reach some audience.
So, Dash's flagship is the Darksend technology, which allows to mix coins with other users in a trustless fashion while reaching great levels of anonymity.
The main difficulty right now is that this process can take quite some time, depending on the amount of Dash to mix, and how many other users are available for mixing. I think this may actually disappoint new users.
Now, what if it was possible to "buy" premixed Dash? We could imagine some business whose main activity is to sell Dash that it has continuously been Darksending, in exchange for a fee. What I'm describing is pretty much the purpose of a regular bitcoin mixer, except: 1/ the fee could remain pretty low due to the low cost of Darksend itself, 2/ the coins could be "guaranteed" to have been mixed with a certain number of Darksend rounds to achieve high anonymity, and 3/ the transaction could be instant (or pretty much).
I believe this could have a positive effect on the number of people using Darksend. Also, it could help convincing people coming from other cryptos. For instance, one could perfectly start from scratch by paying with bitcoin through Shapeshift or some payment processor, and receive in exchange fresh, anonymous Dash.
Finally, in this configuration, we could even imagine other cryptos using the Dash network to mix their other coins: for instance, one could use this service to obtain anonymous Dash from, say, LTC, then convert back to the coin of their choice, if that's what they use the most... until they realise they are better off with plain anonymous Dash and stick to it?
Though I might have overlooked some stuff (the main concern I have right now is that you'd have to "trust" that business to actually deliver you the coins, which is what you lose from using Darksend yourself), I think this shouldn't be so hard to implement (inclusing the conversion from/to other cryptos) and could greatly benefit the Dash ecosystem (especially on attracting new users). So feel free to take this idea and monetize it! (especially those already providing masternode hosting service, e.g. orangecycle, scratchy).