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1681  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Sucks Dicks Dash Is Instamine on: March 10, 2017, 09:31:25 AM

Partly yes, but only dash wallets generate money while in the wallet. If someone starts buying dash its not to like get 10 dash to pay his bills, but to get to 1000 coins (and that's what the bitcoiners do now) so he can start generating money/economy without actually doing any work. And this is way way more economically "locked"  that you can imagine.

Luckily there are markets to test whether this model works or not.

All we're discussing is the difference between risk assets and fixed income assets - where the lent collateral is "put to work" to earn a regular return. The market decides if that return is worthwhile.

With Dash that "market" is the mining community because they have to supply hashpower to the network AND a portion of the mining revenue. The incentive for doing that is that the NET value of their remaining revenue is increased due to the economic model as a whole supporting a high value coin.

The advantages of this approach are:

 • the miner's income is supported in terms of exchange rate with other assets regardless of yeild per hash in mined currency units
 • the "missing stakeholders" (investors) are given both and economic return and a level of say in the future direction of the coin via the masternode voting system
 • the monetary token is endowed with a native base lending rate that is trustless and which can be enjoyed without engaging with a 3rd party borrower

The tests of success of this approach are:

 • that miners endorse it by supplying hashpower to the network (check - see below)
 • that the market endorses it by supporting the exchange rate with other assets (check)

And finally - despite al of that - NO blockchain liquidity is "locked" in masternodes Wink

It's the Dash economic model. If people don't like it there are about another 500 out there of all different types serving all different priorities. Judging by this thread though, the only criticism I can see is that "...b..b..but it gives economic incentives to buy and hold".

Of course. What do you think a successful store of value is supposed to do ?


1682  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Sucks Dicks Dash Is Instamine on: March 10, 2017, 08:59:48 AM

At every instant, with a non-interest bearing token, you CAN sell it from the moment you think it will go down.  If you hold it, you think it will go up.  With an interest-bearing token, you include the interest in your calculation.

Well done. You're getting there Wink
1683  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Sucks Dicks Dash Is Instamine on: March 10, 2017, 08:51:02 AM

No, it is not a myth.  It is *economically* locked in.  Technically, you can move it, but you lose your master node, and its reward.  So you won't.

 • Every coin in every wallet of every crypto where people are holding and not selling is "economically locked in".

 • The world gold supply that sits in vaults with the expectation of value accrual is "economically locked in".

 • 5, 10 and 30 year interest bearing bonds that are not on markets are "economically locked in". (Technically you can sell them but you'll loose your coupon payments, so you won't)

 • All the Bitcoin on orderbooks in the range above the current trading spread is "economically locked in".

The implication of the "Dash is locked in masternodes" FUD is that the supply is blockchain constrained, not "economically constrained" and therefore somehow shouldn't count towards marketcap which is not remotely the case. Here's an example of a coin which does use that approach:

1684  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Sucks Dicks Dash Is Instamine on: March 10, 2017, 08:27:00 AM

most of the dash is currently locked in masternodes

Just to clarify. No Dash is "locked in masternodes". This is a fudster myth Wink

(A popular one, but still a myth).

1685  Alternate cryptocurrencies / Altcoin Discussion / Re: Unveiling the truth over the major Monero scam on: March 09, 2017, 10:00:16 PM

He got multiple hundreds of thousands on day one, that much is obvious.

All the estimates I've ever seen from both detractors and promoters put it at between 150 and 250 node's worth. Make it 3 or 4 if you like.

In addition, he compounded those gains by running masternodes when the return was around 20% per year

1st = 250*1.2 = 300
2nd = 300 * 1.2 = 360 (Way excessive)

360,000 / 7,100.000 = 5% at best (if he's held the whole time and never taken any profits during the 4 massive spikes that have occured in Dash's history).

Biggest holder was actually Otoh - and his were bought, not mined. He was way past Evan at around 400 odd nodes which has served as a liquidity supply for OTC sales for the last 2 years. He's now down to around 77 = 1% of coin supply and no longer trades.

security model....which we all know is a sham.

So much of a Sham that it's survived 3 years plus a recent DDOS attack without blinking despite a steady queue of green-eyed detractors making claim after claim of one exploit on top of another and how "easy" it is to "simply".....(don't think they've not been trying).
1686  Alternate cryptocurrencies / Altcoin Discussion / Re: Unveiling the truth over the major Monero scam on: March 09, 2017, 09:43:38 PM

most probably half of the stash is in the hands of Evan Inc.

1-2.8%
1687  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Sucks Dicks Dash Is Instamine on: March 09, 2017, 01:08:38 PM

Dash's fallings are as hard as their rise.


1688  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash Sucks Dicks Dash Is Instamine on: March 09, 2017, 11:58:17 AM

The "PR" is only as effective as the product.

Dash has been successful because it addressed 3 major issues head on:

 • how to effectively erase transaction history in a transparent blockchain to keep the chain both fungible and authentic
 • how to balance the security at the front end of the confirmation cycle to make low confirmation transactions reliable
 • how to endow the coin supply with a native, base rate of interest in order to support an ROI on trustless holdings

Those three alone are "biggies" and they're being solved without recourse to blockchain obfuscation, loss of Bitcoin compatability or the need for 3rd party lending.

Finally, the fact that Dash's articulated protocol allows nodes to talk actively to "each other" as well as to the client wallet is what will serve as its next "biggy." A whole new wave of user orientated clients to interact with the blockchain.

The "instamine" is what it is. There are markets to price that in just the same as they price everything else in. However, there are far most 'perfect launches' that went straight to zero than 'imperfect launches' that didn't so if you feel safer investing in a Dash clone with a 'perfect launch' be my guest Wink
1689  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: March 09, 2017, 07:29:21 AM

I doubt it.  There is no way to really know where the attacks come from.

iCEBREAKER was testing his pea shooter.
1690  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 08:30:32 PM

https://cointelegraph.com/news/why-bitcoin-etf-approval-is-likely-72-percent-in-favor-so-far
1691  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 07:42:18 PM

And thats exactly why its true. Illuminaty and trump will stop it Tongue

A business is a business.

It pays taxes and employs people largely in the country where it's registered, regardless of what the substance of its activities are. Reputations and precedents are also at stake.

The Illuminati may or may not be on Trump's side and may or may not like Bitcoin, but business is business. It's getting approved.
1692  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 07:36:34 PM

Trump will not support an bitcoin ETF. Because trump destroys his own 'strong border' policy with it. What if Mexico starts using btc on an large scale to make trump his wall useless. Borders cant stop btc. This is why trump has an btc advisor and he will most likely hate btc. Undecided

That is the most ridiculous logic I've heard in a long time.

(In fact since someone told me Monero was good cos you "would'nt want to know you had Hitler's coins in your wallet" Wink )
1693  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 07:26:41 PM


1694  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 06:54:51 PM

Isn't the ETF decision happening today ?



http://www.zerohedge.com/news/2017-03-07/sec-said-decide-bitcoin-etf-friday
1695  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 05:06:17 PM

Bullish post...bearish post...bullish post...bearish post...
1696  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 04:58:28 PM



http://seekingalpha.com/article/4053177-betting-sec-will-approve-coin
1697  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 04:33:58 PM

But Lambies that sold at the bottom will never have the chance to rebuy at same price.

That's not very friendly.
1698  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 04:12:14 PM

What's the reason for this sudden drop ?

No ETF rejection, no more BU shilling, exchanges are still closed in China ?

Simple T/A.

Market had become overbought at the higher ranges (12 hour, 1 Day) after passing around $1010. It continued on up due to positive momentum at the lower ranges.

Once the 6-hour, 4-hour MACD crossed to the downside it was inevitable that a correction was required to consolidate. That triggered the correction at the longer ranges as well, so consolidation now in progress.
1699  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2017, 10:44:32 AM

What is this, just out of interest ?

https://www.sec.gov/rules/sro/batsbzx/2017/34-80169.pdf
1700  Alternate cryptocurrencies / Altcoin Discussion / Re: THE RISE AND RISE OF MONERO on: March 08, 2017, 01:02:04 AM

...this extra information has no monetary function, but is harmful.

It is even monetarily harmful, as it destroys fungibility....the bitcoin mechanism is too simplistic and naive, that all this extra knowledge is visible....I don't want to know that I hold a coin that came from Hitler's wallet.

wtf.

Take it easy. It's not a medicine you're having forced on you.

I think I'll leave you to your windmills Wink

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