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181  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 30, 2020, 02:27:04 PM
good for you! I wanted to sell mine at $117 but I said I will wait a few more days to sell at $120 and now its again 85. stupid me.  I will not make the same mistake, next time when it goes to over 110 i'm out of this wreckage

DASH is currently trading at $114 and on it's way to an acceleration pump as pure FOMO sets in  Grin Grin Grin
Please tell me you are out so I can don my moon boots and reflective foil outfit for a victory lap around the moon in a few days time.
182  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 28, 2020, 03:46:03 PM
That is something people will want to invest in.
Apparently so.
183  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 28, 2020, 01:03:45 PM
The realloc hard fork came to pass together with the superblock at block 1379128 https://chainz.cryptoid.info/dash/block.dws?1379128.htm as the DASH network re-routes capital to where it is best suited.

https://ibb.co/PwMHyL1

Currently DASH is out performing other alts, posting significant gains today https://coin360.com/?currency=BTC I'm no expert, but it seems to me like DASH must be doing something right these days to be attracting this kind of investment.   Grin

X Greeting.
184  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 26, 2020, 07:36:25 AM
I bet those proposal owners are absolutely itching to sell.  Price down 20% from the top and headed lower after a tsunami of masternode selling, who's going to buy the dip?  Post here your targets, I am buying back from $65.
185  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 24, 2020, 10:34:43 AM
Not saying we're not due for a pump but the pump without the dump would be nice.

Oh the dump is coming.  7 mnodes sold on this foray above $100.  Interestingly to me, they were upgraded nodes and not from the set of legacy nodes.
186  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 24, 2020, 08:56:00 AM
Quick update on this evolving market.  DASH is up 20% on the day posting a price of $114 still 10x less than where it is headed.  The chain is just 4 days out from moving capital from wasteful mining into fruitful staking/service helping green DASH and reward diligent investors.  Hopefully Jerry BANFIELD does an updated video for us on how to run a masternode to get the FOMO going.  ETH is up 2% and Bitcoin is up 1%.  Fully mined coins BCH up 14% and LTC up 5%.  I guess every dog has it's day, eh?  Huh
187  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 24, 2020, 04:57:50 AM
....then we'll lose all our customers. (As we have done).

DASH is currently at $100 (with no customers) up an astounding 50% in the last 16 days ! Shocked
188  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 23, 2020, 11:45:39 AM

Hex token was launched this year and is currently headed straight to zero. "Features" can't keep a monetary token afloat - they need to actually catalyse some economic activity that's of value to the society.

This is where I depart from many crypto-nerds. They seem to believe that simply by owning a holding in something that should entitle you to a dividend. I think this is because they have legacy banking in their heads where you earn an interest on your holding (or dividend on shares). But this is moronic thinking. They don't take it further to consider where that banking interest or dividend originates. It's only available because it was earned from some additional economic work. The equity you invested in Amazon for example was spent on something which generated growth that came from selling books & PCs to customers. If it did nothing there would be no dividend. If the bank just kept our deposit in reserve instead of using it to monetise construction projects, big tech and big pharma, there would be no interest.

The crypto "staking" idea on the other hand is just a numerical mimicking of this. It takes an existing slice of cake and turns it into two slices, then 4 then 8 etc. But you've still got the same amount of cake. That's what staking is and masternode rewards are simply a version of this as long as they are not deployed in service provision that's demanded by the market. (It's not enough for us to just provide it, the market has to demand and use it).

The only place it works is the Ethereum or Tezos type situation where the tokens themselves are consumed by the blockchain as payment for computing services which generates real commercial demand, even if it's some mad "cryptokitties" thing. Or the tokens can actually backed with some kind of bond by way of a smart contract which turns them into a security.

Cake-slicing dividends = worthless because coin value = fixed marketcap/supply = ever decreasing. Mining on the other hand grows the marketcap simply by increasing competition for the primary supply. Hashrate mediates that competition, it isn't about "securing the network" technologically as much as securing it monetarily. It's the basics and it works.


Actually, I agree with this too!  We are making progress here.  However, the same can be said of BTC, we buy and hold it and more speculators come for no reason it seems?  So, it is seems to work, you don't need to put that coin to work elswhere, although now with wrapped coins we can.  We can loan them out and get cash for them, so that kind of does work like the bank too.  But I would also caution that when a bank makes a new loan that money is minted on the spot at the branch.  So, we should not imply that there is some kind of balance between creditors and debtors cause there isn't.  I stick to what I said on HEX, there is a time value of money and HEX embraces that, many have been calling for a collapse since the launch in Nov 2019, it hasn't happened yet to their dismay and I look forward to mentioning from time to time as we try to figure out the impact of tokenomics on various means of generating new supply has on the price.
189  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 23, 2020, 11:34:37 AM
But how do you deal with staggered arrivals ? (like lets say you have 20 contributors to a node. They won't all turn up at the same time - you need some kind of opening and closing gate that ensures that the collateral is fully populated during a continuous period).

I wouldn't. As I said shared MNs service on the protocol level is stupid, let crowdnode manage that.  The time_locking I was referring to was the individually run masternodes, at the time we are filling out the protx ... RPC call, there should be another parameter for the duration of the stake, 0,1,2,3 in years default 0 where if you commit to a length of time the network pays you a small bonus over and above your usual reward and thus improving DASH as a SOV.  Don't worry, this idea is hated by all including the devs and will never come to DASH.  Good news is other tokens have built in and we can diversify into them for SOV and keep DASH for the payments.
190  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 23, 2020, 10:14:46 AM

Do you have a position on trustless shared masternodes? This should increase the number of masternodes and therefore decrease the rewards any one masternode owner gets. I would assume that is something that you would have to back, right?

I'm not really a fan of trustless shared nodes. It basically means that any amount of Dash can be staked plus you're going to have collateral fragments coming and going all the time, so getting the node to stay up needs some kind of time lock on funds which means they're no longer instantly liquid like they are now. A nightmare for the protocol to manage plus it has to work out where the rewards go etc.

Trusted is better. I think this kind of pooled investment should be pushed into the financial services commercial sector where it belongs and can be properly administered according to the requirements of the local market and regulators, not in the protocol.


Finally something we agree on!  That minnows can risk small amounts of cash with established third parties, eg crowdnode.io and for a more substantial investment we have the trustless deterministic masternodes, currently selling for $94K USD (hurry up and grab one before you miss out!).

I do disagree with you on the time_lock feature, it is already part of the protocol and has no added overhead, but it could help DASH improve as a store of value if we were to reward mnodes that time_lock over those that remain oncall.  The idea comes from the ground breaking HEX token which has superior tokenomics to DASH in almost every way.

List a few for starters.

  • 100% staked, no miner ransom paid whatsoever!
  • Inflation rate (StockToFlow) of maximum 3.69%pa
  • Entire inflation paid to stakers, by the following schedule, longer stakes get more, larger stakes get more, earlier stakes get more
  • Penalties for early stake termination get distributed to remaining good acting stakers
  • Almost 400 billion tokens in circulation solving the unit bias issue, I have a million HEX, though each is worth less than a penny, I feel tremendously wealthy

The list is by no means exhaustive, but it goes a long way to show how POW does not create value in the coin, but rather the coin's features do, it's community does, marketing does and the sentiment on the coin itself does add the value.
191  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 22, 2020, 11:36:34 PM
So, will there be a fork that has the proposed 80/20 split in rewards for miners/masternode owners? Or is this just all talk?

Regarding trustless shared masternodes, I hope this is up next on the roadmap after the release of Dash Platform (DashPay). It seems to me this one thing would alleviate many of the concerns certain people have here. Having said that, StakeHound is a good first step and should help in the interim. Anyone know how that is progressing?


No this is all talk, a fork to reallocate 80/20 would cause the coin to dump, it has been proven that moving rewards to the masternodes increases the value of the coin and the reverse decreases it.  This was made clear in Ryan's talk where in the early days of DASH Evan was boosting the allocation to mnodes from which Tok and AFBTC greatly benefited from as it caused the price to pump each time.  Recently, we increased the ratio once more and just the news that we were doing so boosted the price from $65 to $93 in a matter of weeks and we we are still 5 days out from the first boost.  Grin

For your shared node, look into crowdnode.io.  I'm sorry, but shared nodes are stupid and lowering the amount needed for a mnode significantly will never happen, we don't need minnows running mnodes, those are for people with serious money to invest, because it is a high risk venture and requires a lot of your attention, the last thing DASH needs is an army of minnows not giving a poop about the DAO because their investment in it is so low.

Also, remember the purpose of a mnode it is to thwat sybil attacks and provide just enough nodes to secure the network and run the services on layer2 without so many that it would delay the propagation of TXes.  5000 nodes is about right, probably with a factor of 2 lee way either side.
192  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 22, 2020, 10:25:33 AM
It seems Dash is down to about 4854 masternodes now... all at the same time the price has gone up over 20% in the last week... perhaps the bottom vs BTC is in?

Are old masternodes being banned yet or are disgruntled masternode owners finally selling?

Either way, things are looking good and on schedule for 2021.

Now, where can I claim my tokcoins?

Yeah you are right, a SPORK21 was activated last week which started banning Tok's nodes, he is having a hunger strike, his famine starts in 6 days, when the first reallocation occurs and his nodes are instantly forked off.  So far the network is sending out warning signals in the form of POSE scores to the old nodes, anyway, I am keeping an updated list of them here https://mnowatch.org/legacynodes/ you are welcome to check back from time to time to see how long the list is, who got banned, and who spent 1000 DASH.  Maybe they will stake ETH instead?  Grin
193  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 21, 2020, 08:54:49 PM

For the last time, the pointless act of mining is NOT what gives a coin its value.

Really ?

Please explain. How does giving them away for free make them more valuable than if they were very expensively mined ?


Tok, I can make you an expensive cake, it doesn't mean it will be good or you will desire it.  Investors in this market are not checking the hashrate of various coins and buying according to which has the highest, they are buying because of other things, you are aware of the chatter, Putin is buying, Paypal is buying, MSTR is buying, Iran is buying..  Roll Eyes and so on, this is why people are buying bitcoin.  For DASH the narrative is Venezuela, Payments coins, instant send, masternode.  Hashrate never comes into consideration.  If I see you outside with an umbrella and infer that because you have an umbrella it must rain I would be wrong, but perhaps I wouldn't even know it, because chances are it rains.  The actual flow of events is Tok takes his umbrella with him when he thinks it's going to rain.  So too, hashrate follows price when people decide to FOMO into some coin because of other reasons I just mentioned.


This ANN thread is moving by so fast  Shocked
I forgot already what was posted in the previous page  Embarrassed

We must be in a bull market or something, don't you think?   Wink
194  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 21, 2020, 07:41:18 PM

As you can see bitcoin is only 6.53% down from its all time high. The leading 100% proof of work coin. The leading 100% proof of work 'alt' coin is currently litecoin (not counting etherium). It is down 77.2% from its all time high. All these other notable competitors are doing much better against their own all time highs than Dash which is the leading masternode coin.


You must have me on block.  The reason for Litecoin's success, is it is part of Silbert's DCG and that allows for easy onboarding of big money, ETC is another.  The reason for ETH pumping is the DeFi craze creating an unnatural demand for the garbage.  Nothing to do with mining.  There are non-minable coins such as HEX that are doing better than DASH even.  For the last time, the pointless act of mining is NOT what gives a coin its value.
195  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 21, 2020, 01:49:59 AM

Does litecoin have instantsend transactions? No
Does litecoin have private mixing builtin? No
Does litecoin have protection of chainlocks against 51% mining attack? No
Does litecoin have a treasury to fund development work and marketing and give grants to 3rd parties who may benefit its network? No
Does litecoin have much in the way of active development? No (as far as I know)
Does litecoin have a platform for dapps? No
Does litecoin have an investment foundation so that the network can actually own gold and other assets? No
Is litecoin an innovator in the crypto space? No

Dash has all this. Dash should be killing it. But wait theres a little bit more.
Are both coins proof of work? Is Dash?

Does litecoin split rewards so miners get less than half the supply of new coins and more than that is airdropped to set of wealthy owners?


This is a false dichotomy.  You wilfully neglect the important differences and mark down only the inconsequential differences.

Does litecoin have its own investment in Silbert's DCG?  Yes.  https://twitter.com/Grayscale/status/1329903523702648832
Is the inflation rate (S2F) in LTC lower than DASH?  Yes.   https://www.litecoinblockhalf.com/
Does Litecoin have better brand recognition in the sector than DASH.  Yes.
Does litecoin have derivatives, eg on BitMex etc.  Yes.


These four key differences ensure that Litecoin gets investment capital while DASH is left out in the cold.  I would say the primary one is being part of DCG's investment.  I note also that ETC, a coin that is 51% attacked frequently and offers zero value otherwise is also part of the trust and performs well in the market.  Do not underestimate the power of DCG's blessing has, they own over 2% of all the Bitcoin supply in the GBTC trust.  DASH should be so lucky.  Our flows of institutional money are severely restricted by not being part of the 'in' crowd.

196  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 19, 2020, 09:16:33 PM

Bitcoin has over 10,000 nodes and not one of them gets a satoshi from the block reward.


Here you go again, willfully, misrepresenting what DASH is when you know oh so well what a masternode is and you know it is not the same as the Bitcoin node where I can run one without having to cough up 1000 DASH currently worth about $83K USD.  Tying up that amount of capital needs some kind of reward or tangible benefit for doing so otherwise people won't do it.  The reward comes from the block.  Masternodes are bought and sold such that the network optimises the reward to balance the supply and demand.




The risks you cite have already been taken - we've had the 3 year selloff, way beyond LTC, XMR et al. They hit rockbottom and bounced. We hit rockbottom and are still digging because we have this enormous deadweight to support in masternode margins which they have available for mining budget.


Let's address this, because I feel I have yet to put forward the reasons for DASH's meteroric pump and subsequent collosal dump.  DASH pumped through 2016 and 2017 for the following reasons.

  • A bullish crypto environment where Bitcoin and other alts were all the rage.
  • Good coverage from influencers like ABJ driving interest into DASH from her Daily Decrypt days especially.
  • Jerry Banfield jumping on the DASH train and discussing how masternodes generate an ever increasing revenue stream
  • The Pokemon effect for Masternode ownership, if one is good, two is better and so on
  • The very high at the time MN reward as high as 12% in DASH terms initially, drove investment into the coin
  • Fast development, novel features, and promise of a game changer product just around the corner

Causes of the collapse are as follows.

By the way, neither list is exhaustive, but I have captured the most important elements.

  • A bearish turn in Bitcoin causing a collapse in the entire ecosystem, DASH was not immune.
  • Failure to deliver Evolution in what has been a shambles and disgrace in DCG and continues to be so.
  • A very bottom heavy coin distribution that created an oligarchy of super rich OGs such as yourself that when they decided to take profit the cycle never ended because their cost of aquisition was nill.
  • a higher emission rate than our competitors
  • A no longer favourable ROI for running a masternode due to massive swell in the population size of nodes and yearly emissions reductions.

Interestingly, the plight of Ethereum was very much the same, you see Ethereum pumped to an ungodly high based on the ICO locking up ETH which was never going to be used for anything other than enriching the founders.  As this insatiable demand for ETH took hold the price sky rocketed according to the law of supply & demand.  During the bear market of 2018 the ICOs started their exit scamming, unlocking all that ETH and selling it at market and never delivering on their promises.  This drove the price of ETH under a hundred dollars and I predict ETH will go there again, you see right now we are in another mania, this time it is called DeFi, and while the scam is a little more sophisticated this time, the basics remain the same.  ETH is locked up in 100s of DeFi scams, take your pick, SUSHI, YAM, YF*, ... and this has created an ungodly demand for ETH causing the price to pop almost as high as $500.  However, the fundamentals underpinning DeFi are weak and we continue to see exit scams left, right and centre.  When all is said and done, this bubble will also unwind and return ETH back to $100 or below.  So, we have two well documented cases of how contrary to Duffield's orginal paper, Masternodes actually increase price volaility, not decrease it.  ETH was the same, Masternode, ICO, DeFi are interchangable.

As noted ETH is already on it's second run, a leader if you will and DASH has its first capital reallocation in just 8 days, care to guess at where the price will go as more and more of the network reward is shunted into operating Masternodes?  Grin

197  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 19, 2020, 07:35:14 PM

****************
A question for you:
****************

The masternode network costs around $100,000 per month to run. So why are we paying $2.1million per month for it ? The wasted $2 million could be spent on attracting competition for the primary supply which would support its price directly and put us back on a near-level playing field with our mined competitors in this respect. Then our "feature advantages" might actually start to matter.

Not only that, it would work EVEN when the masternode count reaches equilibrium whereas the "supply gaming" tactic depends on a growing masternode count.


You are playing a fool here.  Going from 2.1 million to 0.1 million is a reduction of approximately 95% in the pay of the masternodes.  The current ROI for running a DASH masternode in terms of DASH is 5.65% pa.  Under your correction it would become 0.28% all of which would be consumed in hosting fees, would not cover the currency risk a MNO is exposed to, would not cover the oppurtuniy risk, would not cover the cuck risk, the risk of the devs screwing something up etc etc.  The net effect of this would be for masternodes to be sold en masse as the network optimises the reward higher to attract/sustain investment.  Selling off millions of DASH onto an illiquid market would drop the price into the single digits.  You are well aware of this, and your posts hence forth should be considered as trolling since you are an intelligent man and know better.
198  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 19, 2020, 03:53:04 PM

This coin is effectively eating its own capital in order to pay for masternode margins that do nothing. Meanwhile the rest are all capitalising their chains from external markets by drawing in mining liquidity.


Says he as DASH blasts into $83 (https://stats.masternode.me/network-report/393075) up from $65 just two weeks ago (https://stats.masternode.me/network-report/389043).

X Greeting.
199  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 19, 2020, 06:14:23 AM

Doesn't matter. I'll use it anyway. There is no greater updater - and that's the latest version.


False.

The DASH Masternode Zeus is the greatest updater and maintained by an active community member, you can locate it on the dash forums under masternode guides.
200  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 18, 2020, 06:16:18 PM

What are those collateral addresses starting with a 7 ? (Dash addresses start with an X)

Also be informed that it shows not just legacy nodes, it also shows already updated nodes.
Please make sure it only shows nodes with older protocol versions (older then 70218).


These are multisig wallets, typically they almost always belonged to SALT lending.  Not sure these days.  As for the user_agent check, there is a lag time where the crawler takes about 24 hours to get to through the entire network and check the user agent of each node, so it is always lagging somewhat, the balance and POSE score however, is correct to the minute.
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