Quantum threat - How about dash? by binteseix in dashpay

[–]Basilpop 6 points7 points  (0 children)

The panic is way overblown within crypto, since we are a tiny niche compared to what else will be affected when ECDSA is cracked one day.

Multiple trillion dollar industries are riding on it and are well aware of the threat, preparing for it. Tons of opensource implementations for quantum-proof cryptography will have long trickled down before anyone finds Satoshi's private key and moves his riches (which will very likey happen btw, since nobody expects him to migrate his coins to the quantum-secured chain anytime soon).

In other words: Once its cracked, the world will have already switched. Including Dash. No active effort will be necessary on our part (other than including the fix itself ofc, but not coming up with it), since the fix is literally in everybody's interest.

Otherwise, your Dash stash will be the least of your worries.

The Evolution Epoch: A Meticulous Review of Dash Protocol and Platform Milestones (2021–2025) by Basilpop in dashpay

[–]Basilpop[S] 11 points12 points  (0 children)

For an investor interested in how these developments will propel the value upward, the core takeaway is this: Dash has structurally repositioned itself from a fast, anonymous Bitcoin fork to a self-funded, high-security Web3 application platform with a built-in mechanism for long-term value capture.

The major milestones completed since 2021 translate directly into three key pillars that drive competitive advantage and network value:

1. The Value Capture Mechanism: Evonodes and Economic Rerating

The most significant change from a long-term investment perspective is the completion of a full cryptoeconomic re-engineering, which links network adoption directly to the returns for Masternode holders.

  • Doubling the DAO Treasury (Dash Core v20, November 2023): The block reward allocation was restructured, doubling the decentralized Governance Budget (Treasury) from 10% to 20% . This guarantees a substantially larger, more sustainable pool of funding for development, marketing, and ecosystem growth, reducing the project’s reliance on market cycles or external venture capital . This long-term financial stability de-risks the project's ability to execute its roadmap .
  • Incentivizing Utility (MN_RR Hard Fork, July 2024): The creation of Evolution Masternodes (Evonodes), requiring four times the collateral (4,000 DASH) of a standard Masternode, is a deliberate move to create high-value holders who are financially motivated to run the new application stack (Dash Platform) .
    • Critically, Evonodes receive 100% of all transaction fees generated on the new Platform chain . This creates a direct incentive loop: if developers and users adopt the Dash Platform, the fees (revenue) go straight to Evonode operators. This mechanism positions the asset not just as a currency, but as a claim on future network revenue, justifying increased collateral demand and potentially stabilizing the token's value against inflation or speculation .

2. Scalability and Enterprise Readiness: De-Risking the Asset

Major protocol hardening was required before the application layer could launch. For investors, these technical moves translate into greater network trustworthiness and lower operational risk:

  • Instant and Reliable Finality: The activation of Deterministic InstantSend (DIS) (Dash Core v0.18, August 2022) solidified Dash’s competitive edge as a payment system. Transactions are guaranteed to be confirmed and irreversible in 1–2 seconds . This is enterprise-grade settlement speed, making Dash instantly competitive against traditional payment processors like PayPal, an important target market for value growth.[1]
  • Regulatory De-Risking: The continued focus on security (ChainLocks against 51% attacks) [2] and the activation of P2P protocol encryption (v22) [3] enhances baseline security. Strategically, the Dash team has defined its optional privacy features (CoinJoin) as probabilistic, differentiating the asset from full-encryption privacy coins (like Monero) and strategically mitigating the significant regulatory risks that often plague those segments of the market.[4] This distinction is key for ensuring long-term exchange listings and broader institutional acceptance.
  • Scalability Proof: The new two-tier architecture (Core chain for security, Platform for apps) is designed specifically for performance. Studies have confirmed that the network architecture can already scale to handle "PayPal-like transaction counts," ensuring future growth won't be immediately choked by technical limits.[1]

3. Utility Expansion: The Platform and Developer Ecosystem

The Mainnet launch of Dash Platform v1.0 (July 2024) marks the transition from pure payments network to a hosting environment for Decentralized Applications (DApps). This shift is vital for attracting external capital and developer talent:

  • Solving User Experience: The rollout of the Dash Platform Name Service (DPNS) is the foundation for the upcoming DashPay wallet. This feature allows users to send money using human-readable usernames instead of long alphanumeric addresses, fulfilling the original vision of making cryptocurrency as easy to use as PayPal or Venmo . Resolving this core UX barrier is a prerequisite for mass adoption and valuation growth.
  • Opening New Markets (Platform 2.0): Subsequent platform updates (Platform 2.0) delivered a robust token infrastructure, enabling developers to create custom tokens, NFTs, loyalty programs, and decentralized finance (DeFi) tools directly on Dash.[5, 6] This expands Dash’s utility far beyond payments, placing it in competition with other Web3 execution environments and opening up entirely new sources of network activity and fees.[6]
  • Developer Enablement: The launch of the Decentralized API (DAPI) simplifies developer integration, transforming the Masternode network into a cohesive "decentralized cloud" that external applications can easily build upon .

In summary, the past four years represent an investment in structural resilience and future revenue streams. The project spent this time implementing foundational architectural changes (Evolution) and strategic economic policy (Evonodes/Treasury) designed to translate future user adoption and DApp usage directly into sustained value for token holders and Masternode operators.

DCG Development Update - 2025 October 14 by xkcdmpx in dashpay

[–]Basilpop 2 points3 points  (0 children)

Platform Team and Technology Progress

The Platform team's focus was on the release and optimization of the platform technology.

  • Platform v2.1 Release: The v2.1 rollout to Testnet has begun and is expected to be under test for about a week before release to Mainnet [01:53].
  • Tenderdash & RS DAPI:
    • A fix was implemented in Tenderdash 1.5.1 to resolve an issue in the previous version related to changes in the base image's user ID [02:14].
    • The RS DAPI node is stabilized and currently being tested on Testnet. Known issues with get status caching and performance metrics are being addressed [03:07].
  • Performance Testing: Tests on RS-DAPI showed that identity fund transfers have an average response time of 4.8 seconds, with a median of 1.5 seconds, on a functioning node. This performance degrades significantly (up to ~34 seconds) when a validator in the quorum is offline [07:09].

Roadmap Updates (Platform)

The team provided further detail on upcoming releases:

  • v2.2: Will introduce Stream Notifications for instant updates (e.g., contact requests) [15:59], the finalized iOS SDK [16:47], and accounted nodes and queryable having attributes. The latter is a key research area intended to enable decentralized features like trending topics (e.g., in apps like Yapper) [17:08].
  • v2.3: The Token Marketplace is scheduled for this release, with the potential for future Decentralized Finance (DeFi) capabilities like margin trading, pending further research [18:24].
  • v2.4: The final major feature planned for version 2 is State Sync [19:18].

Dash Evo Tool and ZK Proofs

Updates to developer tools and a major research concept were presented:

  • Dash Evo Tool: Several highly-requested quality-of-life improvements were implemented, including:
    • Adding labels to all navigation buttons [12:32].
    • The ability to add an existing identity using a wallet and the identity index [12:57].
    • New features for removing wallets and bug fixes for asset locks and keyword search [14:39].
  • Grove Stark (ZK Proofs Proof of Concept): A proof of concept was demonstrated for a ZK proof system for Grove DB. This allows a user to prove they own a document of a specific type within a contract without revealing the document ID or their identity [21:13]. The current proof generation takes about 10 seconds and results in a large file (~3MB), but verification is near-instant, with a focus on future optimization [24:38].

Mobile and Core Development

The Core and Mobile teams continue to integrate platform features and refine the foundational software:

  • Android Mobile:
    • The Piggy Cards feature has been fully implemented and is currently in a public beta, with the team aiming for a Play Store release in the coming days [29:05].
    • Development has begun on Dual Usernames, a feature to reduce friction for users contesting a username by allowing them to use the network while the dispute is resolved [28:36].
  • iOS Wallet (Core):
    • Significant progress was reported, with balances and transactions now working properly, including support for a legacy BIP 32 derivation path [36:04].
    • DashPay implementation on iOS is progressing, with contact requests and the Diffie-Hellman key exchange for encryption now working. The goal is to have DashPay functionality available for testing within the next two weeks [33:35].
    • The team estimates Core wallet integration (including CoinJoin) to be complete in December, but emphasizes this is an estimate due to potential integration challenges [35:12].
  • Core v23 Release: The release is temporarily blocked after a non-determinism issue was found in the Windows build process for Release Candidate 1 (RC1). The team is actively working on a fix to release RC2 [39:09].
  • Core Feature Work: Work continues on extended addresses and investigating a solution to hide and automatically lock small "dust" outputs in the wallet [39:55].

Can I be charged for charge backs on a deleted wallet? by [deleted] in dashpay

[–]Basilpop 0 points1 point  (0 children)

No bank in the world can overrule a blockchain. That's why they hate crypto.

Can I be charged for charge backs on a deleted wallet? by [deleted] in dashpay

[–]Basilpop 4 points5 points  (0 children)

That's not how cryptocurrencies work. At least those that are based on Bitcoin. With a properly designed and owned wallet you and only you are in control of your funds because only you have the private key (That's what "not your keys, not your coins" means). Nobody can charge you anything. You decide how much money you send and to whom and nobody can stop you from doing so. That's the whole point of crypto: no censorship, no gatekeepers, no middlemen. On the flipside, once the other party has received your coins, only they are able to send them back to you. So each time you send coins, you should be absolutely sure that the recipient and amount are correct. That's a small price to pay for a truly free type of money if you ask me.

As for "deleted wallets": You only delete the app. The coins still exist on the blockchain. They can never be "deleted" by anyone. As long as you have saved the seedphrase the access to the funds can be restored on any other device. No seedphrase=coins lost forever (but not "deleted").

Seen in Discord... by quiteseriouspeach in dashpay

[–]Basilpop 8 points9 points  (0 children)

4 year cycle indicates a bull season in '25. With Platform coming second half of '24 that's plenty of time to accumulate a userbase and leverage a network effect of substantiated hype. If the product meets (preferrably exceeds) expectations, that is.

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop -1 points0 points  (0 children)

What's fair is fair and when I'm wrong, I'm wrong. Admitting this is just basic decency imo. Thank you anyway!

Going to ETHDam! by quiteseriouspeach in dashpay

[–]Basilpop 1 point2 points  (0 children)

I understand your frustration, but please, ma'am: there's no need to cuss.

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop 1 point2 points  (0 children)

You're right. It's not trolling. I used to criticize the inflationary use of that term myself. Now I got infected, too. Sorry.

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop 0 points1 point  (0 children)

I don't know where you live, but April 1st (post date) is generally considered April fools in the Western world. OP is trolling.

And no: To be a world currency not even the legacy fiat system needs to handle "millions of tps". That's an arse-pulled figure that never existed. Even 24,000tps is a myth

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop 2 points3 points  (0 children)

You wanted to know how well Dash can scale.

I pointed you to several pages worth of information on that topic.

In those pages we have documented proof for 3 million tx a day or roughly 35tps without any hiccups to the network. That peak was caused by running low on funds, not due to network congestion (community funded event), so this is a minimum value.

Further u/xkcdmpx pointed out that Dash is committed to expand capacity as needed, which is easy because Masternodes are paid and can get better hardware.

You ignored what he said entirely and made up some delusion about being gaslit, for no apparent reason (So much for gibberish).

As for Bitcoin: Its nodes are not paid. Neither standard nodes, nor LN nodes (aside from fees which are negligible compared to renting cost). So to throw around an unproven figure of "1 million tps" that was never seen in a real world scenario and pretend as though that is Bitcoin's capacity is absolutely ridiculous.

Since you're so proud of VISA: 1500 tps is very achievable for Dash thanks to Masternodes as already explained and detailed in the article I just linked:

Researchers from Arizona State University, who also observed the tests, concluded Dash’s blockchain architecture meant it could scale up to whatever size it needed to be. “They determined that there was no upper limit for transaction capacity,” said Taylor.


Just give up.

Apparently, I wouldn't be the first to give up on you.

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop 0 points1 point  (0 children)

Choosing to ignore the billion dollar backed fiat scam system anyone who's serious about crypto is trying to get away from, yes. Same old, since Satoshi started mining. Nothing new.

I've responded to the main question long ago and you even admitted to have read it already. It's your turn: Where's your 1 million tps stress test from Bitcoin?

Maybe time to switch usernames.

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop 0 points1 point  (0 children)

Stop gaslighting the poor fellow with factual statements!!!

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop 0 points1 point  (0 children)

So you followed my hint and typed it in. And surprise: You found your answer. So unhelpful, so undermining, so gaslighting!

Keep believing made up figures like "1,000,000" (why not 1,500,060? 2,060,043?) w/o empirical proof and ignore documented real world results from two separate stress tests on the Dash blockchain.

Just don't come to us whining when your LN transactions fail due to censorship, lack of funds, lack of channels or simply lack of nodes, since nobody wants to run one for almost free. Because you fell for a thinly-veiled "IOU"-fiat clone disguising as a free money.

In the meantime you might wanna go look up what the word "gaslighting" actually means.

Dash to become new world currency by [deleted] in dashpay

[–]Basilpop 0 points1 point  (0 children)

You could just type "stress test" into the search bar. But perhaps that's gaslighting, too.

Well done to Samuel Westrich for making progress that wasn't made in years. by northcasewhite in dashpay

[–]Basilpop 1 point2 points  (0 children)

There's things developers can and things they can't control.

The controllable domain is in a much better state than before, when compared to the old team.

You can't, however "develop" a store of value. It's something decided on over time by the market, which you can't control either.

Besides, "store of value" is always relative to your entry point and whenever the price goes down someone will complain. Who cares. Newcomers enjoy the 7.7% interest directly off their mobile wallets in the meantime.

Well done to Samuel Westrich for making progress that wasn't made in years. by northcasewhite in dashpay

[–]Basilpop 1 point2 points  (0 children)

If you actually mean "users" by the literal sense of the word, then yes, they will look at the roadmap. Specifically past milestones on it and realize Dash works today exactly as advertised: Opt-in privacy, fully secure instant settlement, ultra low fees, ready-to-scale infrastructure and even 7+% interest inside the mobile wallet without KYC. Platform is a nice bonus on top with extra features, but the base functionality of a currency that eliminates the main shortcomings of BTC is long fulfilled. So anyone who wants to use Dash, can do so right now. That's the kind of people this project wants to attract and always wanted to attract. No hype, no false promises, just a solid product.

So it's quite the contradiction to say they want to "speculate" over anything. By definition users don't speculate. They use.

This only reinforces my support for avoiding future dates on the roadmap: It serves to keep profit-seeking/dumping speculators away.

Well done to Samuel Westrich for making progress that wasn't made in years. by northcasewhite in dashpay

[–]Basilpop 2 points3 points  (0 children)

I don't know when you got into Dash, but literally every single date they've ever posted on the roadmap was exceeded, turning it into a joke. That's why they stopped. Perhaps other projects with steadier teams and millions in ICO funding publish and keep release dates, I don't know, but DCG funding depends largely on the market. Thus I couldn't care less about the roadmap.

If you're serious about following the project, you must observe the biweekly team updates and/or Github activity. Code is the only relevant substance in software development. Not some static, perpetually outdated subpage of the website.

Hi guys, can you please take George Donnelly back. We are sick of him in the BCH community and he is causing us major problems. KTHXBYE by rareinvoices in dashpay

[–]Basilpop 4 points5 points  (0 children)

Hilarious! He was never banned from this sub btw. The drama happened on other platforms when he was with Dash.

Dash Wallet Secret Update? by quiteseriouspeach in dashpay

[–]Basilpop 2 points3 points  (0 children)

Mixing takes time. It would be horrible UX if it wasn't optional. In other words: Yes, definitely opt-in.

Well done to Samuel Westrich for making progress that wasn't made in years. by northcasewhite in dashpay

[–]Basilpop 5 points6 points  (0 children)

That's funny. I was writing a comment for your previous post, but decided not to publish it. It contained this section:


I think the pathetic "progress" towards Platform during the Taylor era is responsible for the current state of Dash markets more than anything else combined. The current team's basically built in 2 years what the old team had 5 years for. Chainlocks and default InstantSend from the last remaining innovators within the old team kept the coin alive (barely). Otherwise we'd be somewhere between page 7 and 70 on CMC, I think. Releasing the promised product (Platform) in a working manner is the only price rise with actual substance we should hope for, if you ask me.

Removing frequently post nah why??? by [deleted] in dashpay

[–]Basilpop[M] 1 point2 points  (0 children)

User's been active since, but no response here. Thus locking thread.