Why would you say this? The volume is 24.25% higher than on 16th of June and 163.09% higher than on June 6th, but the price is going down, 3.80% from the 16th and 11.66% from June the 6th? It does not seem as a positive thing, especially if we know that MN count is also falling; we've lost 85 MNs or 3.19% in the last 12 days?

We have also lost the #4 spot - "due to Chinese manipulation" (that was supposed to reverse the course of these three coins surpassing us) - we held back in May and never regained it and now even Nxt might start breathing down our neck for the #7 spot.

Granted, I am quite anxious and have negative feelings regarding the future of Dash acceptance in the marketplace, due to its unfortunate name and a torrent of negative attacks from the trolls, but nothing, absolutely nothing in its price movement gives me a sigh of relief. Only the development of the technology itself that still seems stellar and by far the best technology in the crypto space keeps my hopes alive.

But what am I missing in the price movement, where's the reason for hope?

In the graph Sub-Ether posted (I removed to save same space here) Greece is near the top and German near the bottom and this is his (?) point. Firstly allow me to state I am not making an argument for the Germans or against the Greeks, I just find the statistical argument (I used the same) funny.

Take this set of data: http://stats.oecd.org/Index.aspx?DataSetCode=FTPTC_D

"You see the OECD figures do not compare like for like. They lump part-time and full time employees together without any adjustment so countries with a larger percentage of part-time employees will tend to have fewer average hours to show for it. As this OECD table will show you, part-time employment is very rare in Greece. To take the example most likely to raise eyebrows, 22% of German workers worked part-time in 2008, against 8% in Greece.The OECD also lumps together female and male employees, so any country which manages to get more women into the workforce also has fewer hours worked to show for it because women typically worker fewer hours. For background, only 56% of Greek working age women were economically active in 2008, against 71% of German working age women source: http://bit.ly/1fRYa0t. Account for that, and for all the other ways in which the two labour forces differ, and, well, it gets complicated."

The rest, a perfect example of making someone's point, is here: http://lolgreece.blogspot.com/2012/06/exploding-myth-of-exploding-myth-of.html

But, yet again, Tante was correct. Corruption (in Mexico where I used to live or in Greece I know quite well) is the main source of these, and many other, countries misery. And how the people cope? They go to "work" and just sit there. In certain poorer countries, where the low wages is a real problem, there's an expression, roughly translated as "I can always work less than you pay me."

"The phrase 'The American lives to work, and the Mexican works to live', illustrates one of the many ways that the work ethic varies between the American worker and the Mexican worker. In Mexico, for example, leisure is considered essential for a full life. Does this mean that a Mexican is lazy? Absolutely not - but unlike the stereotypical American worker that tends to put work before "play", the Mexican worker takes leisure and spending time with family very seriously. Their sense of "immediacy" is not the same as the one the American adheres to. Understanding the differences in employee motivation, rewards, and sanctions between the two cultures is imperative if a business, whether in Mexico or in the USA, is to be efficient. The Mexican worker's outlook stems from their upbringing, which is formed as well by their laws."

The "original German" would teach them how to work more efficiently

Hint: Ferrari was always a great Formula 1 car. Italians are also a Mediterranean nation. Ferrari had problems (10 years without world championship) until Niki Lauda arrived and turned them around. He leaves and soon-after they went nowhere. 15 years without the world championship in, Michael Schumacher arrived and turned them around in the most spectacular way. He leaves and soon-after Ferrari slumps yet again. Sebastian Vettel arrived and is already turning them around. (only this time he competes against Mercedes

Kidding aside, it seems to me you have your conclusion and than construct a premise to support it, a very clever premise granted, but it might lead to a circular argument which is not my forte. While Tante is correct, "people are people" there's nothing wrong in stating / believing that some nations are, in average, naturally better in certain activities than the others, like Kenyan runners being better in marathon than Norwegians while you'd be hard pressed to prove that Norwegians are not better sailors than Kenyans.

This is not, I hope you will grant me that, a stereotype, but acknowledgement of the fact that the climate, geography, history makes those differences ..

And all that money grubbing charade that started with - surprise, surprise - the pinnacle of the Financial Crime Cartel, glorious Goldman Sachs helping "the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit," (source: Der Spiegel February 08, 2010) ended with this beautiful situation:



"A debt that can not be paid will not be paid."


It is not entirely accurate, that Holland and Germany are "the laziest" and, at the same token, that "average Greek working hours are almost twice that of those countries." The U.K. Office for National Statistics published data that shows that Greek workers actually put in longer hours than anyone else in Europe — 42.2 per week, compared to just 35.6 in Germany. This is hardly double.

However, there's another, to me much more valuable piece of data, Productivity index per hour worked. If EU average is 100 than:
Greece stays at 76.3
Germany stays at  123.7 i.e an average German working hour is 62.12% more efficient than an average Greek working hour.

I guess we all know, there's work and there is "work." I intimately know both nations and from a neutral standpoint (I am neither Greek nor German) if I'd be forced to apply the world "lazy" to either of these two nations, it for sure will not have been German.

Take this as my 2 cents or shrug it off entirely.

It was me. The link is http://www.btc38.com/trade/vote_for_trade_en.html and I see since I posted the link no one has voted for Darkcoin there. But than it might be the people are getting some stupid error message and can't really vote. (unless they pay, I'd guess)

Thank you, appreciated. 

They have "Coin Voting" page, stating "you can vote on what you'd like to trade on BTC38."
http://www.btc38.com/trade/vote_for_trade_en.html

Note: they do not have Dash listed, but DRK for Darkcoin.

And this: "Each of our user has 1 free vote per coin. We are also accepting paid votes, which have no limit on the number of votes one can cast. The lowest cost for one vote is 0.0001BTC."

money votes. almost like in the U.S. politics.

it's back

Mine too. Toknormal is a menace 

Thanks.

That "inherent inequality" is probably not a biggie, money wise, some will always have more and much more than the others, but it also creates inequality in voting power. It is an interesting problem to mull over given the Self-sustainable Decentralized Governance by Blockchain we just tried voting for it and perhaps requires finding a better way?

My genius's friend comment on both points was:

"Yes if your interest is below the chunking size. ​Insightful observation.
You cannot reinvest any amount below the "chunk" size, so untill you get above it you do not earn compound interest.
But if you compare say 1,000,000 and 10,000,000 the difference become miniscule.
So you need about a minimum 20,000 coins to earn 1,000 and get on the compounding curve.

​It is late I am headed to bed but I think this is correct. ​

The way out is to allow the MN to be any amount over 1000, not just chunks of 1000 and t o pay interest on that amount. This might impact the voting scheme if it is 1 vote/MN not 1 vote/coin provided coin>1000.

Interesting."

It's kind of strange to draw that conclusion from my question. I asked about (possible) inherent inequality of the MN system, assuming the "compounding" possibility your widgets (or my CDs in original post) are not getting:

1 masternode = 1,000 coins = at 5% gives 50 coins "interest"
1,000 masternodes = 1,000,000 coins = at 5% gives 50,000 coins "interest" or another 50 Masternodes.

So now he has (compounding his profit) 1,050 MN vs. my 1 (plus 50 coins)
The 2nd year, his 1,050 MN gets 52500 coins to my 50. so, on the second year he has 1102 (plus 0.5 to invest with splawik) Masternodes and I still have one MN (and 100 coins as interest)

And he does not have 1:1 profit, as you were screaming here, but, assuming he invests his profit, in two years 1.2 : 1 profit. And this discrepancy grows as long as he re-invest the dashes into new MN, which real Otoh is doing.


I am also not so sure why a legit question that I concluded with: "Math is a tricky thingy and I am not sure I understand it but you guys are smarter than me. What's wrong with my calculations or, if nothing, isn't that MN "compounding" can create a much wider wealth gap than it is the case in fiat?" deserves such an explosion of hatred and quite insane insults?

I just asked - "smarter than me" guys - to take a look at what I was thinking of and help me understand the "tricky math" I am "not sure I understand" so I'd get the full (correct) picture of the "problem" that might and might not be a problem and, with that new knowledge move on. Seeing rabies salivary glands spitting all over the message kind of does not help me in getting and answer.



Again, this is a tad strange to see you concluded all of this out of my math musings. I see an issue and I asked about it so now you're not being myopic you're behaving insanely - you put words in my mouth, draw conclusions that make no sense and have nothing to do with the question I asked. Granted, you've given me a monthly tune of the month, thank you indeed, but all of that hysterical screaming did not answer my question.

"The MORE MN's you own  = The more DASH/$$ you make," is correct of course but does not address the question. It is not linear (like in my first example, $1M and $1K both get 5% interest but the guy with a thousand times more money would still have a thousand times more money years in the future, in that particular account getting 5% interest) but it seems more parabolic, the potential growth and the difference in "wealth". (1000 : 1 vs 1102 : 1)

Damn... not good for my nerves, feeding them with even more skepticism. Instead of a "big exchange" adopting it, some small one is dumping DASH. Never a good news and, as a result, the only currency (among first 10) on https://coinmarketcap.com/#USD that is losing the value. It sucks.

The ONLY positive metrics out of all I follow is the total MN count, currently at 2663, but this raises another underlying issue I'd like to inquire about. It seems to me MN payments reward system creates even greater inequality in MN space than in the fiat world. Help me understand the math guys please:

If you have a $1,000.000.00 in fiat and I have $1,000.00 and we both invest in CD getting 5% a year you will have, compounded, in 10 years
$1,628,894.62 and I will have $1,628.89. So you still have 1000 times more than I have. Correct?

Now, I have a Masternode and Otoh has 1,000 Masternodes. (these are hypothetical numbers to make the math easier to follow) Also a thousand times more than me. But both my 1K and his 1M yield, say, 5% a year. (again, for easier math)

So now, 1,000 masternodes = 1,000,000 coins = at 5% gives 50,000 coins "interest" or another 50 Masternodes.

So now he has (compounding his profit) 1,050 MN vs. my 1 (plus 50 coins)
 
The 2nd year, his 1,050 MN gets 52500 coins to my 50. so, on the second year he has 1102 (plus 0.5 to invest with splawik) Masternodes and I still have one MN (and 100 coins as interest)

Is he now 1,100 times richer than I am or still "only" 1,000 times?


Math is a tricky thingy and I am not sure I understand it but you guys are smarter than me. What's wrong with my calculations or, if nothing, isn't that MN "compounding" can create a much wider wealth gap than it is the case in fiat? (if so, it also gives enormous voting power to only a few hands, even worse than in the corrupt political system of the fiat world...)

 

Great, now the "decades" are an argument, decades, in today's world, no less.

Decades ago we did not have the Net, half a decade ago we did not have the Bitcoin etc., but this is not the point. Let me put aside this myopic clinging onto Darkcoin name as the sole reason why its glorious technology would not be adopted all over the world and equally myopic insistence on an argument that Darkcoin would be used, again, only for nefarious purposes (well, its technology could be used in the same manner. "A rose by any other name would smell as sweet," even if you would not call it a detergent but a Holy Honest Coin) and get to the point(s) I am making:

a) the Foundation members, loudly pushing for the name change were kept telling us a "big exchange" and "several big retailers" would consider DASH (BTW, even then I pointed out that a possibility of "considering" Darkcoin adoption, if it would change its name, without any guarantees as a reason for brand change was ridiculous at best) but since re-branding they did not utter a peep on the topic. No one told me we'd have to wait decades for these "several" big exchanges and retailers, already in talks with these Foundation members. I want to know what has happened since. Were they selling us smoke and mirrors?

This is a fundamental issue, I hope Self-sustainable Decentralized Governance by Blockchain will resolve, to understand were the prominent members of community deceiving us or not. Granted, I am giving them a benefit of doubt and presume they did not and that they were making their statements in good faith but I would still like to know, WTF had happened with these "big exchanges" and "big retailers." And who they are / were.

b) The video production. We - the community - have plunged a substantial amount of money into it. What are they making, for several months now? (that "substantial amount" pales away given how much time has passed) It's a freaking promotional video several hundred people would see on YT, not Ben-Hur, and I'd like to know where this stands or they are waiting for several big retailers to approve it?

There is a certain discrepancy in between development genius and promotional nonsense, crowned with re-branding. And I do worry. I still have my MN, I still pay my dues to the Foundation, I did pay my share for the video, I am still considering going back to the projects that were Darkcoin related and I am not selling what was f.k.a. Darkcoin I owe outside the MN, but the concerns I share do not make me comfortable. Your branding experts would have also told you how mis-branding often mis-fired and killed many a worthy project.

I need re-assurance I am not getting, outside the core development team that still fills my heart with gratitude.

That's all.

DASH price is now lower than 0.01171874 BTC, the penultimate Darkcoin price in my records (February 19th, 2015) and much lower than the very last recorded price, on March 4th when DRK was at 0.01330801 BTC, about a week before "re-branding." (12.50% lower than 3 months and a week ago)

Full three months and some after the brand change, not a single exchange or a big retailer (that "might accept Dash IF the name was changed...") has accepted it; but the said acceptance had been by far the most important reason for the Foundation Members to push for the change and demise of the coolest brand ever, that of Darkcoin. After briefly getting on the #4 on https://coinmarketcap.com/#USD DASH is now only on the 7th place.

The more I look at this the more I abhor the most ridiculous brand change in recent history.

Do not get me wrong, I think Self-sustainable Decentralized Governance by Blockchain at https://dashtalk.org/forums/official-announcements.54/ is an idea of a genius, and all the ongoing developments, including Project Management and Delivery Excellence Initiative, and the upcoming version 12 might tip the scale but I do not see it.

As I already stated here, this is how stupid the people are. And yes, I share the same stupidity but I also know the brand & marketing can make or break you and your project. With the video production we paid for (partially for Evan forked out the needed, over 50% I think) over three months ago still being in, well, production, I dread future marketing moves and I pray to be proven wrong.

that guy is a new breed, a "smart" troll, seemingly asking "right" questions with underlying stink. ignored. but fun

What is "dire" about the "situation"?  The countries, the corporations and Donald Trump have gone bankrupt and resurrected many times in history. Some panic on financial markets would be overblown in the media to make a story out of it and further scare the population that has zero investments anyway and that's it.

European Union (it's fiscal side) was ridiculous to begin with and it will fall apart for it's beyond unnatural to put countries like Greece or Romania into the same fiscal union with Germany. It was a nice experiment that robbed the people in more fucked up countries blind and made the Overlords and their cronies richer than ever. All this prolonged Greek hysteria is like any other prolonged hysteria, be it endless wars, Super Bowl or fill in the blanks and serves only one purpose: that of distraction and fear.

A debt that can't be paid back will not be paid back. Greek will default as it should have years ago, today or in another decade, as well as Italy, Portugal etc., until the domino effect reaches America and it defaults in its own way. (through a new war, creating more fiat out of nothing, or whatever thieving trick de jour they'll conceive at the appropriate moment)

And if "they" oppress us even more than now - using EURO demise and it consequences as an excuse -- well, "they" are already oppressing and robbing us and I'd welcome any negative outcome. Only hungry peasants rebel; a full belly does not induce a revolution.

Fuck them all.

Because everybody wants to be a "Hero Member" and not mere "Sr. Member" like us

Agreed.

As long as Scarlett Johansson is not fucking me I'm in the wide range between her outright rejection and her complete acceptance. (in my own deranged mind; and even if we move on from our dear Scarlett fantasies to my next door neighbor, "no" usually really means no, even though it all depends on the meaning of the word "no")

I mean, fucking fuck - who is accepting Dash after the name has changed, among those that were not going to accept Darkcoin SOLELY because of its name?? None thus far. Therefore, the name argument was the shitty one as much as the current name is the shitty one - and as such - a very dangerous for its future.

Very good, so this thingy (name) is aimed at the idiots and simpletons. (I get the irony, but simpletons who are the target of the detergent name might not)

Now I wonder, who of all these simpletons (in brokerage houses, big retailers, all of which "might adopt Dash for Darkcoin was ah so dark and so dangerous and so fill in the blanks once the name is changed" for it was the main mantra leading to the said change) have actually adopted it and are now accepting it? The name change had happened on March 12th I think, two and a half months ago.

The advocated for the name change MUST, IMHO, show who, among those that previously were rejecting Darkcoin, ONLY because of its name, had accepted DASH since the name has changed. Otherwise, their argument was a shitty one as it was a shitty one when it was a leading force behind the change.