The inception of privacy-oriented cryptocurrencies like Monero, Zcash, and Dash, has revolutionized the way we transact on public blockchains. Whereas everything is transparent in Bitcoin, privacy-oriented cryptocurrencies obfuscate sensitive transaction information. Now, cryptocurrencies like the ones mentioned earlier, have increased exponentially in price over the past years. However, the very existence of these cryptocurrencies could be threatened over the long term, as most governments have been oppressive towards the growth of crypto and Blockchain technology in general. The US has been cracking down on exchanges and tokens with the SEC, and it's only a matter of time before it hunts down privacy-oriented cryptocurrencies too. After all, the excuse of governments is that privacy coins encourage money laundering and criminal activity. While this is true in part, their main intent is to prevent ordinary people from gaining access to fully private cryptocurrencies like Monero and Grin. Nonetheless, it may not be long before many governments turn themselves against privacy-oriented cryptocurrencies. Since governments want power over people's transactions, a privacy coin like Monero turns the tables against them. Hence, only transparent cryptocurrencies like Bitcoin and Ethereum will survive in the long term as governments support them in every way (as it's much easier to track and tax them). What are your thoughts about this?  My thoughts on this : Dash is not a privacy-oriented cryptocurrency, as Dash provides optional privacy as just one of its many other services. Other Dash services / Dash focus points : * providing fast, low cost and secure transactions (secure in the sense of protection against double spending and immediately spendable) * setting up and supporting global on-the-ground teams in those countries that struggle with their own traditional payment system (Venezuela, Colombia) or where high operational costs occur (intermittances & legal cannabis markets) * providing incentives and requirements to keep its full nodes online 24/7 (also known as its masternode network) * having a decentralized governance and budget system in place, which allows Dash to operate and pay its developers even in a bearmarket * active protection against 51% attacks on its network, through ChainLocks * developing Dash Platform, Dash Decentralized API, Dash Drive and more user-friendly wallets for users and merchants. All combined will provide Dash with more use cases, more users and more merchants. The number of Dash PrivateSend transactions is actually very low, compared with Dash normal transactions. Link : https://dashradar.com/chartshttps://dashnews.org/private-bitcoin-transactions-over-double-all-privacy-focused-cryptocurrencies-combined/Dash may have been privacy-orientated in its early years, but Dash has certainly evolved since then. |
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Altcoins market dominance over time (the spikes in green indicate when the altcoins were at their max strength). This is basicly Altcoins (MACD : Green) versus Bitcoin (MACD : Red) on a longterm (1W) chart and it clearly shows cyclical movements.  Source : tradingview.com |
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Antonopoulos is a big name in crypto, so hist statement (positive) on DASH and its chainlocks to prevent 51% attacks is actually a very good news for DASH community. They have one more reasons to keep investing (accummulate more cheap DASH) and holding their coins for months to come. Besides technical innovation to fight against 51% attacks, DASH has huge communities, globally, and when right time comes, those communities will give DASH huge momentum to take off. Yep, Dash has indeed huge communities. Communities that even in time of a severe bearmarket, can energize themself into organising a community convention like the one in Europe (end of September 2019) and have the option available to ask its own decentralised budget system for funding. Its also interesting to see so many partners of Dash participathing in the Dash Convention Europe 2019. Budget proposal : https://www.dashcentral.org/p/DashConventionEurope2019https://app.dashnexus.org/proposals/dashconventioneurope2019/overviewAlso its indeed good news that Antonopoulos acknowledge ChainLocks as novel and interesting. ChainLocks not only gives Dash protection against 51% attacks, it also gives Dash a differentiating factor between all the proof of work cryptocurrencies. Looking back Dash made some smart moves in the past : * Dash kept its privacy on transactions optional, so it would not get stuck in a niche market like other privacy-centric cryptocurrencies now find themselves. They are now facing increased regulation attention on their privacy model, while at the same time not getting enough traction on their private transactions. * Dash focussed on making payments fast, low cost and secure by making instantsend default on all transactions without any additional fee. * Dash focussed early on through its budget and governance model on setting up and supporting globally on-the-ground communities / teams, specifically in those countries that were either facing hyperinflation (Venezuela) or had high operational costs in certain markets (intermittances market and the legal cannabis market for example) . * Dash is making sure its ready for the future by developing Dash Platform, where additional products and services can create new use cases and by developing more user-friendly wallets to users and merchants. Not to mention DAPI (Decentralized API), DashDrive (Decentralized storage of meta data) and upscaling (if ever necessary) On-Chain by increasing either its blocksize to higher then 2mb size or by increasing its hardware requirements for its masternode network. Dash future looks bright. |
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Bitcoin will still remain in their longterm bullish phase, till its halving day, but it has to correct from its latest peak about $14000. I don't say bitcoin will fall into bearish, but it will be corrected significantly (we already saw its corrections last few weeks, and I don't think it will finish corrections till December). So, what does it mean? Personally, bitcoin correction will give opportunities and recovery flags for altcoins, which might rally well in their BTC pairs.
The chart clearly shows good supports for DASH, fortunately.
Thank you for your view on things, i agree on these Bitcoin corrections giving opportunities and recovery flags for altcoins. It will be interesting to see which altcoins can cope best with this latest Bitcoin correction. Looking at the marketcap between rank 10 and 16 and seeing how close some of these rankings are to each other these days, i think we can exspect a shift in ranking soon. Specially now Bitcoin seems intend to correct to a much lower price point in the $9,000 - $10,000 price range ($9,400 has some good support i hear for Bitcoin). https://messari.io/onchainfx Note : The 24H trading volume figures seem a bit off in comparison with coinmarketcap.com and the inflation figures could also be on the low side as i seem to remember from last quarterly call that Dash inflation figure is 9%. Interesting to see LEO having a negative inflation, maybe that has to do with Bitfinex burning a lot of their LEO tokens ? Also i wonder if having a high inflation figure to your cryptocurrency (XRP, Stellar, Tron, Link), could actually dampen your future price growth ?  Altcoins versus Bitcoin dominance also has its own chart on tradingview.com and could be interesting to take a look at. The spikes on this chart are indicating when the altcoins dominated Bitcoin in time.  |
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Dash Community Organizes Convention in Europe Showcasing Global Ecosystem The Dash Convention Europe, a community-organized conference to highlight the ever-growing Dash ecosystem, has been officially announced. Read more - https://dashnews.org/dash-community-organizes-convention-in-europe-showcasing-global-ecosystemCredits : NibiruHybrid
Source : https://bitcointalk.org/index.php?topic=421615.msg52224978#msg52224978In addition to the main conference, a final day of celebration has been reserved in Munich for Oktoberfest, dubbed Dashtoberfest, according to Bossi:
“We also managed to get a 50-seat reservation for Oktoberfest in Munich, which is almost impossible, and are looking forward to celebrating “Dashtoberfest”
with Dash Core Group members, Dash funded organisations, business partners and friends of Dash.” Happy drinking  
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Interesting how you promote coincodex in practically every altcoin ANN thread, giving almost every one of them a bearish outlook, yet when Bitcoin sinks below $10,200 and threathens to enter a bearish zone, there is an abundance of optimisme  21-08 ANN Dash : Most altcoins are back in a weekly bearish trend, will Dash manage to stay above the support level or will follow the bearish trend? 14-08 Bitcoin Discussion : Despite the fact that Bitcoin is headed lower than $10K, it still got strong support which could lead to a rebound! 14-08 ANN Ravencoin : After a dramatic price increase, Ravencoin is looking bearish. 13-08 ANN BAT : is currently still following a bearish sentiment 13-08 Bitcoin Discussion : Even Goldman Sachs remains bullish on Bitcoin 12-08 ANN ETH : Ethereum and other cryptocurrencies are currently controlled by bears. It appears that the prices are not yet to recover. 12-08 ANN NEO : NEO is currently still controlled by the bears, will the price eventually break the resistance levels and aim for new highs? 12-08 ANN RIPPLE : Ripple continues its downward ride as the long term trend remains bearish. 07-08 ANN Binance Coin : It appears that Binance Coin is approaching an important support level, will it hold? 05-08 ANN TRON : It appears that Tron remains bearish for the long-term price prediction. Its okay to promote coincodex in here, i just think you should be a little bit more objective about Bitcoin, which is frankly not doing all that well Link : https://imgur.com/sfx9be3Question to you, dreamax25 : will Bitcoin stay below support level and enter a bearish trend? |
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CMC Markets Adds 3 Bespoke Crypto Indices to OfferingThe three indices are Major Crypto Index, Emerging Crypto Index and the All Crypto Index. Source picture : from article itselfClients of CMC Markets are now able to spread bet and trade CFDs on the three new indices,
which are bespoke to the company, the statement said. Each index is made up of a different
range of major and emerging coins.
The Major Crypto Index will include top cryptos such as bitcoin, ripple, bitcoin cash, ethereum, and litecoin.
The Emerging Crypto Index, on the other hand, is based on dash, EOS, monero, NEO, stellar lumens, cardano, and TRON.
Finally, the All Crypto Index will combine all of the above-mentioned digital assets and will be weighted so no one
coin can have dominance.
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Recently I read about the lighting network, and its centralization. https://medium.com/hackernoon/them-lightning-network-nodes-sure-do-look-centralized-to-me-what-gives-ee39c9b12ac0And it seems that the opinion they sell us of being a centralized network is far from reality. If it is finally proven that it is a decentralized, fast and cheap option, could this very negatively affect parts of the advantages that Dash offers? I hope that the theory of accumulation is correct, the number of wallets with coins has been stagnant for 1,095,000 weeks, and the masternodos seem to confirm that they maintain their positions regardless of price, but without increasing despite cheap prices. Greetings and thank you You are stating an opinion that Bitcoin Lightning Network is in fact decentralized, fast and cheap and you are all basing that on one pretty lenghty and difficult to read medium article ? Lets talk about some of the setbacks about Bitcoin Lightning Network : 1 : Bitcoin's Lightning Network is still in pre-alpha state, it will take a long time before it will be introduced to their Mainnet and supported by their development team. Anything you see on their Mainnet with regards to Lightning Network is pure experimentation, has associated risks and is not (fully) supported. 2 : The economics of payment channels and efficient routing between n-to-m endpoints means that the most efficient (in terms of minimizing the number of hops) configuration of the network would be large payment hubs that would have open channels to everyone else (and to each other). This means whomever has more money available will be able to open and maintain more payment channels, becoming a payment hub. * This means centralization. Time will tell if this is indeed the case (basicly its too early to tell). 3 : The security model in Lightning is the inverse of the one used in Bitcoin. In Bitcoin, you don’t have my money until I send it to you. There is nothing you can do short of stealing my private keys to take my money from me. Conversely in Lightning, the security of the payment channels requires constant monitoring to ensure that your counterparty is not stealing money from you by publishing an old channel state to the network.. Basically, the security model of Bitcoin changes to one where you have to actively guard against theft, instead of the current one where you have passive protection from theft (assuming you manage your own private keys). ** source : https://www.quora.com/What-are-the-pros-and-cons-of-the-Lightning-Networks-proposal-for-transaction-processing-on-the-blockchainAdvantages of Dash : 1 : InstantSend currently available on its Dash Mainnet, without any additional fees and has automatic protection against doublespending. It will only need transaction fees, which are pretty low. 2 : Dash upscaling takes place on-chain by increasing its blocksize and/or by increasing hardware requirements for its masternodes and Dash network is decentralized of nature. 3 : Dash security model is not only better then Bitcoin because of ChainLocks (providing protection against 51% attacks), it also keeps users in full possession and full control of their funds. 4 : With Dash Core v1.0 Dash will have userfriendly wallets, a decentralized API and a decentralized platform on which to run additional services and products. This will bring Dash many more use cases. |
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