Therefore a strategy is needed to optimise marketcap when growth rate is zero.
and we have activated that strategy, we are moving more of the block rewards to the masternodes to reward them for their investment. This is fostering the ongoing investment into masternodes and mopping up the circulating supply. Refer to https://docs.dash.org/en/stable/introduction/features.html#block-reward-allocation for the implemented schedule and Ryan TAYLOR's discussion of the topic on youtube. |
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Price is recovering in the last week.
Because we're getting a tiny bit of growth from the massive capital inflows to bitcoin and crypto in general. Nonsense Tok, you are doing a disservice to those that read these pages. DASH is rising in price because of internal demand to stake a trustless DASH Masternode which is seeing thousands of DASH removed from exchange orderbooks and deposited securely into working DASH Masternodes as can be seen on the chart below. https://mnowatch.org/dash-stats/?20210821172011DASH is now in Pokemon mode, gotta catch them all. It is a vicious cycle of accumulating DASH and putting them into mnodes, which drives the price higher increasing the MN ROI and thus driving even more demand into the coin. This will culminate with a feverish FOMO that will see the price sky rocket to the shock of most people that missed the move. History repeats. |
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The biggest ever individual DASH buyer recently spent approx $20 million USD (a new world record) on DASH and turned into new Masternodes just a couple days ago. https://www.tradingview.com/x/DjaVP0BO/Creating the magnificent spike in MN numbers as seen on this chart https://mnowatch.org/dash-stats/?20210814064011and you can see it on Tokenormal's long term chart too. It looks like some people still see value in DASH, it looks like trustless masternodes are still pretty dope. Remember unlike DeFi, with DASH masternodes no one can steal your DASH, there are no admin keys, there are no rug pulls, you always have control of your private keys, you can and should keep them offline at all times. DASH solves for this. DASH is superior. |
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Tok, I've asked around about that trendline One of Ryan's objectives behind the protocol change to blah blah, off topic boulder dashTok, you are so cunning and deceitful have you considered a career in politics? You seem perfectly suited to it. I was asking who came up with that stupid trendline on Crowning's chart, not giving you an open floor to once again rant and spout bull poop. The actual number of mnodes was breaking away from that trendline longer before Ryan decided to tinker with the emissions, which if you will note resulted in a massive increase in the masternode numbers exactly as Ryan had predicted! Answer the question or keep your venomous trap shut!  |
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We've also seen the nodecount decouple from its long term projection and exhibit a chronic decline over that period.
Tok, I've asked around about that trendline and no one has the same recollection as I do. I seem to remember Evan saying that for some reason the node count in the network would maintain that percentage of the supply, I believe it was 60% forever, because of some reason, do you recall where that silly trendline came from the faulty reasoning behind it? |
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Introducing Wall St. to DASH, the finest crypto payments network in the world. The new valkyrie DASH Trust (similar to GBTC) https://trusts.valkyrieinvest.com/ is now open for Wall St. come in and join in on the action! Thanks to the hard work of the DIF https://dashinvests.org/ the DASH network was able to secure its own trust and buy some equity in this innovative fin. serv. company that is set to challenge Silbert's Grayscale offering. As you can tell I am pretty excited about this offering. DASH in the just the past few weeks has delivered the following integrations. - Webull integration to 750k daily traders.
- CrayPay's DASHDirect! accessing 155k existing merchants across America!
- valkyrie DASH Trust - Bringing DASH to Wall St.
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Many masternode owners did not upgrade and total masternodes on DASH network are still low
They are and realistically that number keeps going down over time as the network optimises ROI to be competitive enough to cover the risk of running a MN and currently that risk is being priced in at 6.8%. |
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Join us for the DASH CORE GROUP Quarterly Call! Learn more about DASH and how it is changing the payments industry forever ! https://youtu.be/5YPjIGy37Kg |
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Today I reviewed the news on the official Dash channels and found absolutely nothing that could cause such an increase. Since the price quickly returned back, this may indicate that it was a regular pumping and dumping.
Starting to look that way, the news was thought to be dash opening for trading on Webull, but I have not seen confirmation on that.
Today I reviewed the news on the official Dash channels and found absolutely nothing that could cause such an increase. Since the price quickly returned back, this may indicate that it was a regular pumping and dumping.
Starting to look that way, the news was thought to be dash opening for trading on Webull, but I have not seen confirmation on that. The Webull news has been confirmed! DASH continues to make integrations and solidify its use case as the best payment coin available. Source: https://twitter.com/StayDashy/status/1417544823934959621[moderator's note: consecutive posts merged] |
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Well this is embarrassing... 
Are you serious ?
Hex is tiny and barely a year old. Even Dash has 67 times its marketcap. Anything that size and that young has years to go before their fundamentals show themselves beyond the pump & dump phase which has predominance for such small & new marketcaps.
Guys, should I be the one to break it to him?  HEX just flipped Tether in marketcap !  https://nomics.com/https://www.reddit.com/r/HEXcrypto/comments/ojff8h/hex_just_flipped_tether_number_3_guys/This is because HEX is gate kept on CMC and they under report its rank and do not calculate the supply correctly, but you can get the supply from etherscan and figure out the MC at 10c and indeed it's in the top 5. Says something about the allure of staking, low inflation, good pumpamentals and utility of the coin for pulse chain sacrifice. DASH could also improve its MC if it only rewards the staker class more for holding the coin. We are so close, we just need a little more and then I think we can see a wonderful bull market for DASH. We are literally on the precipice. |
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Tok, I don't agree that mining is what gives the coin value, for example, here we have a project called HEX which whose supply is fully emitted by other people's stakes maturing and giving them a bonus for the stake, upto 40% a year if staked for 6 years, less for shorter stakes and yet it is a top 10 coin, beating DASH in MC and 99.9% of other coins. https://www.tradingview.com/x/zf920N6NI think as humans, we like to rationalise things and find patterns where there are none and you've done just that to try and explain the performance of DASH, summarising it into a nutshell - It doesn't have enough mining, when in truth, the issues DASH faces are many and broad, but its level of mining is not one of them. |
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The bitcoin market already crashed over 55% so it looks like that hashrate plunge already got priced in.
No, it doesn't look like that at all, the hashrate is back to 2019 levels, this chart gives you a smoother view of it, very clear the primary market has completely crashed and Bitcoin is still drastically overvalued by a factor of 2 IMO according to your own philosophy. Source: https://www.blockchain.com/charts/hash-rate |
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......
The POW blockchain is a market. Plain and simple - a trustless one but still a market. Bids for the supply are mediated through hashrate, just as in the secondary market (the market for second hand coins) they are mediated with national currencies.
In a commercial context, the job of hashrate isn't to secure the chain but rather to mediate bids and therefore establish the PRICE of a coin in this trustless market.
..........
You keep bringing it back to DASH when we haven't yet answered the question on how a catastrophic crash in the hashrate should effect the bidding in the primary market, which is obviously down by your own logic. From your own words, the price in this primary market has just crashed, so I will take it you are bearish on Bitcoin. Source: https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3y |
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Tok, would you mind answering my question first? Are you bearish now on Bitcoin after its catastrophic drop in hashrate?
Not in the context of the matter at hand because while hashrate goes up and down in bitcoin it doesn't alter the number of coins per block that are bid for. They are all subject to open market bidding. Oh Brother! That just makes no sense! So, if I mine Bitcoin with one ASIC and no one else does, then that's OK because I would be producing new coins entirely from POW? Good Lord, Tok! Your prior argument was that there was some cost incurred by the miners due to the expense of mining so they were essentially 'buying' the coins from the protocol. Well now that cost is slashed by half, so by your previous logic, the spot price must now be dis-proportionality high and we are likely to see a correction to bring the two (spot price and opening price) into equilibrium. |
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Tok, are you still holding onto this fantasy that miners somehow set the opening price of the coin? If so, are you now bearish on Bitcoin after it lost 50% of its hashrate in the last 6 weeks?
Yes. I am still holding onto that "fantasy". Are you still holding onto the fantasy that allowing the protocol to set the blockchain extraction price for half of the supply to zero dollars rather than exposing it to a bidding market makes the coin more competitive ? If so how do you explain Dash's loss of value against every other fully mined competitor ? Tok, would you mind answering my question first? Are you bearish now on Bitcoin after its catastrophic drop in hashrate? |
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An interesting new governance proposal is up
The only interesting thing about Dash is that it can provide services on its network without having to reduce its mining quota. Nothing else. That is what (would have) made it extremely competitive. So the question is....why did Dash not use this to its advantage ? Why did it kill its mining quota when it didn't have to and its marketcap along with it ? It's now on a permanent downward spiral - we are headed out of the top 60, then the top 70 etc... Tok, are you still holding onto this fantasy that miners somehow set the opening price of the coin? If so, are you now bearish on Bitcoin after it lost 50% of its hashrate in the last 6 weeks? |
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