Nice, finally a shorter time interval between masternode rewards. I wonder who capitulates first, the dash/btc pair or the number of masternodes. I am guessing the dash/btc pair, as the number of masternodes is not that volatile :  Good to see Mikey finally getting some recognition in this thread, being ignored by most Dash users for so long  Life of a troll on ignore in this forum can be difficult. |
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Official statement from @dashpay on Twitter: "From a technical standpoint, Dash’s privacy functionality is no greater than Bitcoin’s, making the label of “privacy coin” a misnomer for Dash" This project has been lying for many years (and anyone scrolling to thousands of pages of this thread can verify this). Now it not only admits that it was BS, but it even professes the exact opposite. Shame isn't a problem, when all you care for is profit. Uhm, well, Dash only rebranded from Darkcoin like 6 years ago now... But I get it, even many Dash holders are still confused or in some kind of denial regarding Dash's roadmap.Or are simply unaware of what Dash has been doing all these years and still think Dash only offers privacy. I came across a few of those as well, totally oblivious to Dash developments over the years. Edit : Looks like Dogecoin's pump is converting into a dump. Always that gravity thing messing things up  Link : https://cryptowat.ch/charts/BINANCE:DOGE-USDT?period=30m At least the pumpers got Dogecoin up to +129% this time according messari.io, breaking their previous pump record of +95%   |
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It is always upsetting to see that when one thing happens to one project, they start pointing fingers at other projects as well. The fact that they were delisted wouldn't have changed my idea on Dash for example, I would still love to have a dash masternode, however the fact is that he talked about litecoin and bitcoin, pointed fingers at it He is not pointing fingers at anyone or snitching on other projects, he is simply referring to the FinCEN's PRM section that specifically mentions BTC Lightning and specifically mentions Litecoin's adoption of mimblewimble. Which shows that FinCEN is aware of what is happening in this cryptospace. FinCEN just seems to be unaware that Dash has been mislabeled by them as an Anonymity Enhanced Cryptocurrencies (AEC). That needs to be corrected as some exchanges apparently base their delisting action on that FinCEN labeling. If Bitcoin is not being labeled as an AEC, then neither should Dash (a fork of Bitcoin). From a regulating point of view, there is simply no difference between Dash and Bitcoin. |
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My advice : sell your masternode and move to another Altcoin. Your very specific tax problem solved.
Hey, great "promotion". The correct answer was for the protocol to put my reward back to work to stabilise the currency, reduce my taxable gain, increase my (non-taxable) capital gain and restore Dash's competitiveness all at once. I am trying to think with you here, another solution would be to move to a more crypto-friendly country. How is your Portugese ? Although it is more complicated for non-EU persons to settle in EU countries. https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/?sh=4533e82b7303Seriously though, is this something you guys would consider ? Moving to another country with a more crypto-friendly regulation, if your current country has a crypto-unfriendly regulation ? Taking into account that crypto usage will only grow bigger over the years worldwide. Also taking into account crypto regulation can be subject to change worldwide. In a way it is weird that a country gets to dictate if their own crypto investors are to thrive due to crypto-friendly regulation or if their own crypto investors have to wade through crypto regulation, severly limiting them. |
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Good thing we have an ignore button for all these spam newbee posters.
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Also, several jurisdictions (Australia, Netherlands, etc) are also demanding privacy coins and Dash be delisted as a condition for banking and licensing.
Actually Dash being delisted in The Netherlands completely, is not accurate. Only Dutch exchange Bitvavo & Dutch exchange Anycoin Direct delisted specific privacy coins (Dash, Monero, Zcash, PIVX), due to their close banking relations with the Dutch central bank. The much bigger and more widely-used Dutch exchange Litebit.eu still has Dash listed, although they did delist Monero. Dash listing : https://www.litebit.eu/en/buy/dashPersonally i never even heard of Bitvavo and don't trade with Anycoin Direct. Litebit.eu had problems during previous Altcoins Season (they had to close down registration for new customers back then) and have relatively high fees in comparison to other exchanges i know of. The only advantage with using Litebit.eu is that you can buy crypto through iDEAL payment, which only take a few minutes. My understanding is that the DNB which permits companies/exchanges to do business in The Netherlands is now insisting among other KYC/AML measures that privacy coins, including Dash be delisted as early as this week. Multiple smaller crypto services are either complying or being shut down. Maybe Litebit is getting an extension or is somehow able to work around this, I don't know. Or maybe Litebit.eu has simply registered at DNB and that was enough ? Source : https://www.litebit.eu/en/blog/litebit-registered-with-de-nederlandsche-bankMaybe DNB has no official control over Litebit.eu crypto listing or over any exchange crypto listing ? Just over the registration process ? This is everything i found about DNB and its regulation of crypto service providers : https://www.toezicht.dnb.nl/en/2/50-237993.jspDNB never even mentions privacy coins. Maybe some of these exchanges delist certain privacy coins despite registration at DNB, and then try to put the blame of that delisting decision towards DNB? |
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Because tax authorities don't accept unrealised gains as remittence unfortunately, so hodling is not an option for masternodes. By running one you are guaranteed a liability of around $2000 a year in my area (which is not one of the higher income tax zones) whether you cash out or not because the revenue is unearned, so it's 99% taxable. It is not compensation for the costs of supporting the Dash network (whereas mining revenue is and so is not similarly exposed to statutory selling pressure). The risk of capital loss comes on TOP of all this.
My advice : sell your masternode and move to another Altcoin. Your very specific tax problem solved. |
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Also, several jurisdictions (Australia, Netherlands, etc) are also demanding privacy coins and Dash be delisted as a condition for banking and licensing.
Actually Dash being delisted in The Netherlands completely, is not accurate. Only Dutch exchange Bitvavo & Dutch exchange Anycoin Direct delisted specific privacy coins (Dash, Monero, Zcash, PIVX), due to their close banking relations with the Dutch central bank. The much bigger and more widely-used Dutch exchange Litebit.eu still has Dash listed, although they did delist Monero. Dash listing : https://www.litebit.eu/en/buy/dashPersonally i never even heard of Bitvavo and don't trade with Anycoin Direct. Litebit.eu had problems during previous Altcoins Season (they had to close down registration for new customers back then) and have relatively high fees in comparison to other exchanges i know of. The only advantage with using Litebit.eu is that you can buy crypto through iDEAL payment, which only take a few minutes. |
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It's good that bad centralized exchanges are delisting coins. The more they remove the more clients will leave the exchanges.
And what are the good exchanges? Decentralized exchanges (DEX) i guess, but the liquidity is just very low there and the fees very high. Link : https://coinmarketcap.com/rankings/exchanges/dex/The good exchanges are currently those large international operating exchanges that have a competent compliance department that understand the coins they have listed and understand the regulation that is applicable to their exchange and their crypto listing (Kraken, Binance, Coinbase, Bitfinex etc) It is the smaller centralized exchanges that are feeling unsure about the (mostly US) regulation and rather then putting time and money into setting up internal monitoring tools, so they as exchange comply with FATF regulation (travel rule) and US-specific regulation, they rather just delist certain coins. ShapeShift and Bittrex are examples of those smaller centralized exchanges / service providers that operate in such a bad manner. Also to consider is how regulation differ between the US and the European Union. The EU Court of Justice prohibited the FATF travel rule in Europe because it undermines the privacy of European citizens. They basically banned it in the EU. Same with the Privacy Shield, an privacy agreement between the US and the EU. The EU Court of Justice invalidated that treaty in July 2020. European exchanges operating in Europe have in general more relaxed crypto regulation, then US exchanges operating in the US. Simply because in Europe privacy is valued higher and protected better, then in the US. |
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That developed rater fast  To add to insult to injury much wow very shibe so amaze Be wary of pumps when they form +45% in a few hours, and also form a clear exception to the general Altcoins market movement. They have a tendency to dump with an equal percentage.  Particularly when the name of the coin in question is 'Dogecoin'. We all still remember this, right ? TikTok traders are pumping joke cryptocurrency Dogecoin—and the price is up 95%
BY ROBERT HACKETT July 9, 2020 8:38 PM GMT+2 Source : https://fortune.com/2020/07/09/tiktok-dogecoin-challenge/ |
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I think Bittrex still considers Dash to be a privacy-centric coin, when in fact Dash has expanded its use cases over the years and no longer fit that label. Dash used to be a privacy-centric coin in 2014/2015 when it introduced its optional privacy feature, but has since then focused on payments by making them instant, secure, protected against double spending and instantly spendable by receivers. Now Dash is focusing more to function as a decentralized platform where developers can create Dapps and store their Dapps data directly on the masternodes network (kinda like cloud storage) and making transactions far more user-friendly by introducing blockchain identities, blockchain usernames, paying to blockchain usernames, introducing a decentralized API. Dash announces new update, social payment wallet enters testnethttps://cointelegraph.com/news/dash-announces-new-update-social-payment-wallet-enters-testnet Source picture : from above article Credits : tungfa on DashPay Reddit Dash Launches Public Alpha for Social Payments Wallethttps://bitcoinist.com/dash-launches-public-alpha-for-social-payments-wallet/ Source picture : from above article Dash Platform and the DashPay Dapp are currently live on Dash Testnet and are scheduled for release on Dash Mainnet in Q1, 2021 DashPay Dapp demo : https://www.youtube.com/watch?v=GtTaezpxQOs & https://www.youtube.com/watch?v=vw2CrHyQMVI So i feel that Bittrex made its decision based on outdated information and based on a wrong perception of Dash, when it decided to delist Dash together with Monero and Zcash (the last two are indeed privacy-centric coins) Here is the response of Ryan Taylor, CEO of Dash Core Group about Bittrex decision to delist Dash without providing a specific reason : https://twitter.com/RTaylor05/status/1345158205685436416  |
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The three cryptocurrencies of XMR, ZEC and DASH seem to be mainly privacy cryptocurrencies.
Not Dash. Dash used to be a privacy-centric coin in 2014/2015 when it introduced its optional privacy feature, but has since then focused on payments by making them instant, secure, protected against double spending and instantly spendable by receivers. Now Dash is focusing more to function as a decentralized platform where developers can create Dapps and store their Dapps data directly on the masternodes network (kinda like cloud storage) and making transactions far more user-friendly by introducing blockchain identities, blockchain usernames, paying to blockchain usernames, introducing a decentralized API. Dash announces new update, social payment wallet enters testnethttps://cointelegraph.com/news/dash-announces-new-update-social-payment-wallet-enters-testnetSource picture : from above article Credits : tungfa on DashPay Reddit Dash Launches Public Alpha for Social Payments Wallethttps://bitcoinist.com/dash-launches-public-alpha-for-social-payments-wallet/Source picture : from above article Dash Platform and the DashPay Dapp are currently live on Dash Testnet and are scheduled for release on Dash Mainnet in Q1, 2021 DashPay Dapp demo : https://www.youtube.com/watch?v=GtTaezpxQOs & https://www.youtube.com/watch?v=vw2CrHyQMVI |
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What do you think is coinbase also take the same decision?
This would be bad for the value of the coins if coinbase did the same thing. Even for a large project when affected by such news, the price will change dramatically,i think that in the coming time there will be relatively large corrections in the market, and that will be an opportunity next to buy and hold potential coins. especially on privacy coins like XRP will be hit hard as we see that Xrp is facing serious issues with the SEC. there is even news that some exchanges have removed XRp from their list such as Coinbase and Okcoin. XRP is no privacy coin. XRP is seen as a security by the SEC and they are going after Ripple. That is why exchanges in the US are delisting XRP. Not because XRP is seen as a privacy coin. https://www.pymnts.com/news/2020/first-court-date-set-for-sec-lawsuit-against-ripple/The SEC complaint alleges that Ripple and two of its executives — Garlinghouse and Larsen — raised more than $1.3 billion in an unregistered securities offering of the digital coin XRP.
The SEC considers XRP a security, however, and that is where the problem sits. Ripple maintains that XRP is electronic money. We have two discussions currently : * Exchanges delisting privacy coins because they fear the uncertainty around US regulations / don't want to spend time and money setting up internal monitoring tools to comply to FATF regulation or US-specific regulation. * Exchanges delisting crypto coins that the SEC deems as securities. They delist those crypto coins in order to protect themselves from the SEC as these crypto coins need to be registered with the SEC as securities. |
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Top 20 Crypto Assets, ranked according marketcap and category Source : https://coinmarketcap.com/coins/ (for marketcap) https://coinmarketcap.com/tokens/ (for marketcap) https://messari.io (for % Down from ATH) Date : 1st of January 2021 Previous Top 20 Crypto Assets, ranked according marketcap and category : https://bitcointalk.org/index.php?topic=421615.msg55723497#msg55723497Date : 1st of December 2020 Dash decreased its marketcap and increased its 'Down from ATH' price percentage Marketcap : From $1,107,124,122 To $964,440,966 Monthly Change % : -12.89%Price Down from ATH % : From -93,16% To -94,07% Monthly Change % : -0,98%Bitcoin Marketcap Dominance : from 62,4% to 70,6% Bitcoin's current ATH according Messari.io : $29,534.31 from earlier today. Dash fell out of the top 20 of cryptocoins and is currently ranked at number 21. With regards to the monthly change % : the higher the percentage, the higher the price volatility has been during the month. Tezos and XRP had rather negative price performance, while Bitcoin and Binance Coin had very positive price performance. Next Top 20 Crypto Assets, ranked according marketcap and category overview : 1st of February 2021 Planned Time Interval : Monthly
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 Also Happy New Year to those incapable of change, stuck in their old ways. Trolling and fudding their way into 2021. It is sad really, that certain people can't even find something positive to post, 1st of January 2021. I guess it is all about people's mindset, how they cope with things. |
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