Let toknormal be in his own little world, where all miners also operate masternodes  For him this is likely used as a means to not loosing face over his previous assumption, that once this blockreward reallocation change is implemented, the miners will stop mining Dash. He can now 'claim' all miners also operate masternodes and that any lost in miners income, is overcome by the revenue of the masternodes they 'supposedly operate'. Ludicrous if you think about it, he lost face many months ago with little chance of redememption. But lets give him a bonus point for trying. |
|
|
|
Months after months after months of assumptions, and still no evidence to support any of toknormal assumptions. * Dash price is in a death spiral * Dash miners will all leave Dash once this blockreward allocation change gets through * Dash miners are also operating masternodes * Dash should hard fork from the main project and focus more on miners as means of a fun and interesting expirement Just silly assumptions really. I guess that is what toknormal needs to get through this Altcoins bear market (which is showing bullish signs by the way), just post a whole lot of silly unproven assumptions, one after another and try to present most of them as facts, in the hope someone will fall for it. The fastest way to loose money is to listen to toknormal. That gave me an idea for my forum signature.... |
|
|
|
Nope, that was no evidence. You did not give evidence of miners actually operating masternodes. Therefore your assumption remains an unproven assumption.
Find the missing link and we will have something to talk about.
That is a slightly silly comment if I may say so. That the protocol supports and favours hybrid mining at scale is academic. It doesn't require empirical observations as "evidence". I would say that too, if i was trying to present an assumption that i could not proof or find evidence for. Find the missing link. |
|
|
|
You can believe toknormal and his assumption of miners also operating masternodes (which he offers no evidence for). I have offered evidence for hybrid mining being the most optimal configuration and of it being economically encouraged by the Dash protocol. Nope, that was no evidence. You did not give evidence of miners actually operating masternodes. Therefore your assumption remains an unproven assumption. Find the missing link and we will have something to talk about. |
|
|
|
again, mining DASH is so very unprofitable. WHO are miners?
I have heard this so many times in the past as well, specially when Dash was in a bear market (way back before the major 2017 pump). People were wondering even back then how Dash still had miners, when it was so unprofitable to mine. I am not surprised to see that same questioning emerge in this bear market. Seems like Dash miners / Dash mining pools can survive bear markets much better then people think they can. We just had 1.3% of the block rewards moved from miners to masternodes, and it did not seem to dent the hashrate in any way.  Source : https://bitinfocharts.com/comparison/dash-hashrate.html#1yYou can believe toknormal and his assumption of miners also operating masternodes (which he offers no evidence for). Or just accept that Dash miners throughout Dash history have shown more resilience and endurance, then people have given them credit for. What i do wonder is how many miners are part of a mining multi-pool (where the mining multi-pool is mining several altcoin blockchains at once), that used to be a big thing. Now with all the Dash ASICS miners out there (24) and the stability of Dash hashrate, i suspect multi-pool mining may have less of an effect on Dash mining these days. On the other hand Luxor Mining Pool (23% extraction for the Dash network) & Antpool (13% extraction for the Dash network) do seem to be multi-pools   Source : https://chainz.cryptoid.info/dash/#!extraction Here is something interesting : DASH can be mined by 24 Application-Specific Integrated Circuits (ASICs) currently on the market with the most recent ASIC release in November 2019. Thus far, there are no X11 ASICs set for release in 2020.
Only 12 of the 24 ASICs are currently profitable at US$0.04 per kilowatt-hour (c/kWh). Source : https://bravenewcoin.com/insights/dash-price-analysis-usd-market-flips-bullishSo the question is, who can mine at US$0.04 per kilowatt-hour (c/kWh) ? Or formulated differently : who can mine at low electricity cost ? Or better yet, where can one mine with very low electricity cost ? |
|
|
|
Why it's not all about Bitcoin
Bitcoin's current dominance level of around 62.5% in the cryptocurrency complex is staggering, and I believe there are numerous blockchain enterprise projects that likely have a lot of catching up to do.
Top Coins to Transact With
As the coronavirus crisis unfolds, digital coins continue to become more popular and prominent around the world. Governments and central banks are devaluing their currencies around the globe.
This is a key fundamental factor why digital assets can continue to take share in the decentralized global medium of exchange market.
Our Top 5 List
Zcash (ZEC-USD)
Bitcoin Cash (BCH-USD)
LiteCoin (LTC-USD)
Dash (DASH-USD)
Monero (XMR-USD)
These are our top five transactional coins of choice for the future, and market caps on these can probably go much higher. All of DASH coins in circulation account for about a total market cap of roughly $1 billion,
Zcash, about $800 million. These are not particularly big numbers in the greater scene of things. Source : https://seekingalpha.com/article/4392760-bitcoin-this-time-really-is-differentBitcoin price seems to be making another attempt at breaking into the $20,000 range, will it succeed this time or will another sell-off from whales and miners cause a rejection near that range once more ? Link : https://cointelegraph.com/news/3-reasons-why-bitcoin-price-violently-rejected-near-20-000Stay tuned... |
|
|
|
Conclusion
Fundamentals suggest increasing and sustained on-chain activity over the past two years. While optional privacy features are not dominant on the network, these types of transactions have also increased year over year since inception. I like that conclusion  The DASH Improvement Proctol repo has largely been inactive over the past year (bottom, chart below). DASH Core v0.15 was released in February with improvements to the native UI, mempool syncing, and PrivateSend That is incorrect. We had v0.16 released in October 2020 --> https://www.dash.org/forum/threads/dash-core-v0-16-has-been-released.50752/ strange that bravenewcoin overlooked that. Also Dash Github development activity for Dash should be monitored here : https://github.com/dashpay/dash/commits/developUnfortunetely most companies that analyse Dash Github development activity overlook that and only focus on the master tree --> https://github.com/dashpay/dash/commits/master, which gives a very incomplete picture. Also bravenewcoin seems oblivious to development on Dash Platform, that had numerous updates (5?) this year alone on Evonet and will be launched on Dash testnet end of this month. Links : https://www.crowdfundinsider.com/2020/09/166347-dash-dash-or-digital-cash-devs-release-new-version-to-make-it-easier-to-test-new-features/https://cointelegraph.com/news/dash-is-evolving-into-a-decentralized-cloud-cryptocurrencyI blame above on a weakening of Dash marketing efforts. Hopefully Dash Core Group hires someone for the vacant CMO (Chief Marketing Officer) position soon. Obviously Dash Platform needs a lot more marketing then it is currently getting and we need to focus on getting the message across that Dash development activity on Github should be tracked from the developer tree, not just the master tree. Unlike other coins from the class of 2014, which have largely gone extinct, DASH has likely survived due to both the Master Node and treasury components.
Master Nodes discourage a vast majority of the circulating supply to ever see the open market, and the treasury has continued to fund DASH related development
and marketing to sustain the coin over the past six years. And there goes all of toknormal's assumptions. This is not exactly the first respectable company doing a detailed market analysis on Dash, that mentioned Dash survival likely being connected to both its masternodes model and its decentralized treasury. toknormal will not like that |
|
|
|
Looks like Monero trolls are getting a bit worried about Dash turning bullish. It won't be long now that Dash price will be higher then Monero's price, just a matter of time. I hope you are not still all-in Monero, little mermaid. Oh look, another 100 Monero users ip addresses and their porn preference leaked : https://bitcointalk.org/index.php?topic=5286887.40 Hell, Monero devs can't even protect their own official website and got their binaries infected by malicious coin-stealing malware. Bye bye reputation. Source : https://arstechnica.com/information-technology/2019/11/official-monero-website-is-hacked-to-deliver-currency-stealing-malware/Who was responsible for that breach i wonder ? Which Monero 'developer' got careless with his access ? Most likely someone that is no longer part of the Monero team. Most likely a certain someone that took an advisory role. Which reminds me, whatever happend with fluffypony's closed-off Monero serverbox investigation by specialists into that breach, ariel ? There is an eerily silence on that specific topic. I just can't seem to get a straight answer on that (trust me, i tried). |
|
|
|
I think that Dash miners are currently far more in a selling mood...Masternode operators on the other hand are not in that position and have relatively low costs...They can simply save up their masternode rewards and sell them during a bull market / bull run. We want the coin to be traded, not held. We want less sell pressure, not more. |
|
|
|
Lets compare some crypto projects to each other with regards to MRI (Miner's Rolling Inventory), which measures the changing crypto inventory levels held by the miners to determine if miners are hoarding or selling. An MRI above 100% means miners are selling more than they mine and running down inventory. Conversely an MRI below 100% means the miners are hoarding that specific crypto. Lets focus on 5 weeks, as that seems to be used in the first graph which is showing the MRI percentage. Bitcoin SV Miner's Rolling Inventory (MRI)  Source : https://terminal.bytetree.com/bitcoin-cash-svConclusion : Bitcoin SV miners are severly hoarding Bitcoin SV Litecoin Miner's Rolling Inventory (MRI)  Source : https://terminal.bytetree.com/litecoinConclusion : Litecoin miners are consistently hoarding Litecoin Dash Miner's Rolling Inventory (MRI)  Source : https://terminal.bytetree.com/dashConclusion : Dash miners are selling more than they mine and running down inventory What i am currently not sure about is if the MRI in Dash case is specific to miners or to miners & masternodes. Which means the following will mostly be my personal assumptions : I think that Dash miners are currently far more in a selling mood then a hoarding mood and that has been driving the price down. I also think it is far more likely that miners are in a position that they need to sell their mining rewards to pay for the electricity and possibly pay off their earlier bought mining equipment. Masternode operators on the other hand have relatively low costs, they are not in a position that they need to sell their masternode rewards. They can simply save up their masternode rewards and sell them during a bull market / bull run. I know i have not been selling any of my masternode rewards, there is just little personal incentive for me to do that, when in 6 months we could be in a drastically different bull market. What i have been doing with my masternode rewards is moving them to a certain exchange, where i can stake that Dash. I am still in the process of determining if that is something i want to do longterm or not (there is risk versus reward evaluation to be done for these kind of centralized staking options). |
|
|
|
Maybe we should all move to Germany, crypto is considered there private money and tax free after having hold it for a year. Which means masternode collateral will be tax free (i don't see those spend within a year) and masternode rewards can just be saved up for a year, and then also become tax free. Or maybe move to Portugal In Portugal, tax authorities waived all tax on cryptocurrency trading and transacting – meaning that individuals do not have to pay capital gains tax or value added tax (VAT), when buying or selling BTC and other digital assets. Source : https://news.bitcoin.com/eight-countries-that-dont-tax-your-bitcoin-gains/What i am currently doing here (not selling my masternode collateral, saving up my masternode rewards and paying property tax), i could actually do there tax-free. Unless the OECD comes up with something in the nearby future, that will overrule that. |
|
|
|
I live in The Netherlands and actually report property tax on my crypto, so i know what i am talking about.
It doesn't matter, go back and read your own country's rules. It's an effective income tax because your masternode reward will simply be filed as a capital gain from the start of the tax year (Jan-Dec) with a zero cost base. Same difference and same asymmetrically applied sell pressure compared to mining. The only advantage of that system is that you don't incur a liability if your overall holdings incur a capital loss which offsets the annual reward earned by the node. So you'll have incurred no liability the last few years. But you need for Dash to be a poor store of value and decrease in price for that to work. (Well it's worked for you the last few years  ) I am just gonna stick with property tax, as that is what it actually is. And yes, a low Dash price at the start of the new year, followed by a Dash price rise later that year would be a nice outcome for property tax that only get measured at the start of each year and resets to zero at the end of that year. 2017 had a very nice outcome in that regard (measured at Eur 11,36 at the start of that year and then grew rather high during that year). I kinda hope on a repeat of that for 2021. Although you do need to be prepared to face a potentially higher measurement price the next year (2022). |
|
|
|
Masternodes ARE businesses
Not to our tax agency, sorry. I live in The Netherlands and actually report property tax on my crypto, so i know what i am talking about. Please don't make things up, just to serve your assumptions (which are clearly incorrect for The Netherlands and i suspect for Germany as well). US, The Netherlands and Germany together form the largest concentration of Dash masternodes. Two of them in Europe have a crypto-friendly stance, geared towards property tax and private money classification. US seems more geared towards income tax. I think this will affect how masternode operators in those countries treat crypto, plan their strategy around it and base their assumptions on it. |
|
|
|
UK has income tax on Masternode rewards. Of course that is not the same as The Netherlands where it all falls under property tax.
Incorrect. It's exactly the same in the Netherlands as everywhere else.  That is for registered businesses, not for masternode operators that have some 1000 Dash on a hardware wallet somewhere. It is just property tax then (box 3). Source : https://tokentax.co/guides/crypto-taxes-in-the-netherlands/#overview-of-dutch-crypto-taxationAll capital gains and losses are reported in Box 3 of your Dutch tax return. Your tax brackets for capital gains on property are determined by your net gain minus
losses from the current tax year only. This just shows how little you know about how taxes on crypto are applied in Europe (outside the UK), yet you continue to make assumptions based on that. Which is why discussions are pointless, you only look at it from an UK stance (masternode rewards are subject to income tax) and you are turning a blind eye to the jurisdiction of other European countries, that have far more masternodes located then the UK. Operating costs miners / masternodes : irrelevevant Fixed / Variable costs : irrelevant Dash / Bitcoin / Euro on bank / traditional stocks : all the same. Either its property taxed (The Netherlands) or after a year it falls under private money and gets exempt from capital gains tax (Germany). No wonder the number of masternodes in Germany is rising so rapidly, directly challenging the US. Most are hold longer then a year and then fall under private money and are exempt from capital gains tax. If i was a German masternode operator, i would also save up my masternode rewards for at least a year (if my situation would allow it). |
|
|
|
I am just glad i live in The Netherlands and that we have a rather relaxed property tax on anything relating to virtual currency. With no difference between miners or masternodes The difference is the same in any country. Re-read me previous remark from 2 posts back. UK has income tax on Masternode rewards. Of course that is not the same as The Netherlands where it all falls under property tax. almost all of masternode income is taxable whereas the same is not true for mining income. Also incorrect for The Netherlands and Germany (where most of the Dash masternodes are located in Europe). They are either both taxed under property tax (The Netherlands) or after a year private money and exempt from capital gains tax (Germany). You are basing your assumptions on the UK jurisdiction, you are just not willing to admit it. Which is fine. It will however mean there will never be any middleground. Ever. |
|
|
|
I wonder how long this discussion and effort to change toknormal perception will continue, toknormal will never change his views and will never adapt his perception or change his assumptions. This is a discussion that has been going on since July this year (if not longer), maybe it is time to give it a rest. I am just glad i live in The Netherlands and that we have a rather relaxed property tax on anything relating to virtual currency. With no difference between miners or masternodes, no difference between Bitcoin, Dash or Litecoin or all those 5000 other Altcoins, no difference between holding traditional stocks or holding crypto or holding Euro's on a bankaccount (they all get property-taxed the same way). With Germany crypto falls under private money, if it has been hold more then a year (it gets exempt from capital gains tax then). This of course encourage longterm crypto holding in Germany. Source : The Netherlands : property tax, the cost basis can only be carried back to January 1st of the given tax year, after which it resets Source : https://tokentax.co/guides/crypto-taxes-in-the-netherlands/#overview-of-dutch-crypto-taxationGermany : only income tax if crypto is sold after being held less then a year. Otherwise it is treated as private money (exempt from capital gains tax) Source : https://tokentax.co/guides/crypto-taxes-in-germany/Most of the Dash masternodes in Europe are located in The Netherlands and Germany.  Source : https://chainz.cryptoid.info/dash/masternodes.dwsNote : Look at that explosive growth of masternodes in Germany, i think they doubled during this bear market alone  Their number of masternodes used to be roughly equal to The Netherlands. Here is another link that shows some (outdated ?) info on masternodes locations : https://masternodes.online/currencies/DASH/ (The Netherlands 407 masternodes, Germany 469 masternodes) I also think that toknormal behavior has been influenced by the (changed) jurisdiction of his country regarding masternodes and how masternode rewards are subject to income tax in the UK, i think it indeed has colored his perception. Nothing that can be done about it though, from what i have seen from toknormal so far. It is strange to see how jurisdiction can have such a profound influence on how people treat crypto, plan their strategy around and base their assumptions upon. There was a time investors could live upon the interest of one's savings accounts, those days are pretty much gone due to banks all over the world lowering their interest rates and even moving to negative interest rates. What can be done is (partly or completely) live upon the crypto interest of one's crypto investments. I think this trend of fiat interest disappearing and crypto interest emerging (Masternodes projects / Proof of Stake projects / DeFi projects / Crypto Lending) will only get stronger over time. I think some countries (due to their stance on crypto / jurisdiction) are more suited for that, then others. |
|
|
|
Did anyone see Andreas Antonopoulos' tweet about Bitcoin fees?
"If you want cheap and fast transactions use Visa or Paypal."
It's deleted now and he claimed he was being sarcastic.
No, but i did see a post about PayPal blocking an account that was trading in crypto. Link : https://www.somagnews.com/paypal-banned-cryptocurrency-traders-account/After our investigation, we have decided to permanently block your account due to potential risks.
You will no longer be able to make transactions with PayPal. Gotta love those centralized services The user may have burdened the PayPal system
In the news shared by CryptoPotato on the subject, it was emphasized that the PayPal user named TheCoolDoc may have made a costly transaction.
Reportedly, because PayPal is a platform that does not charge transaction fees, the $ 10,000 day trading the user makes in a week may have been costly for the platform. I guess PayPal was not prepared and ready for crypto daytraders or for traders doing large trades. Strange that PayPal may have underestimated the impact of transaction fees, when dealing with crypto on their platform. I wonder if more blocked PayPal accounts of traders involved with crypto will follow. |
|
|
|
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 December 2020 Previous Top 20 Crypto Assets, ranked according marketcap and category : https://bitcointalk.org/index.php?topic=421615.msg55495441#msg55495441Date : 1st of November 2020 Dash increased marketcap and decreased (improved) its 'Down from ATH' price percentage Marketcap : From $687,734,681 To $1,107,124,122 Monthly Change % : 60.98%Price Down from ATH % : From -95,73% To -93,16% Monthly Change % : 2,68%Bitcoin Marketcap Dominance : from 63,6% to 62,4% All crypto coins i had data on from previous month have decreased (improved) their Down from ATH %. Which means they are all showing in green on the 'Monthly Change %'. Some had more price volatility and better price performance, then others. Also according Messari.io, Bitcoin established a slightly higher ATH price of $20,089 three years ago, then the $19,666 ATH price i saw on Bitstamp (and mentioned in a previous post as been reached and passed). Link : https://decrypt.co/49459/what-is-bitcoins-actual-all-time-high-priceNext Top 20 Crypto Assets, ranked according marketcap and category overview : 1st of January 2021 Planned Time Interval : Monthly
|
|
|
|
|
Bitcoin some $200 away from breaking its ATH.
Interesting times ahead.
Bitcoin price : $19,420
ATH : $19,666
This is how i think things will go :
Whales breakthrough $19,666
Whales establish a blow-off top
Whales start to diversify their Bitcoin profits into Altcoins
Only the 'when' part remains a questionmark to me.
Edit : Bitcoin price just broke its previous ATH, new ATH currently at $19,808
Get ready for some Bitcoin FOMO and Bitcoin hype.
Monthly RSI : 74.42 (signaling a slightly oversold condition)
|
|
|
|
Looks like spork 22 got activated, bumping number of participants to 20 during PrivateSend mixing. This should increase speed and privacy. Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (Sporks) https://www.dash.org/2020/10/09/dash-core-v0-16-migration-report-week-1/Also to all masternode operators, please update to latest v0.16.1.1 (hotfix) Source : https://www.dash.org/2020/11/17/dash-core-v0-16-1-1/There was an unexpected behaviour of the "Encrypt wallet" menu item for unencrypted wallets which was showing users the "Decrypt wallet" dialog instead.
This was a GUI only issue, internal encryption logic and RPC behaviour were not affected. Maybe masternode operators don't feel a need to implement this hotfix, because they don't need to encrypt their empty Linux server wallet. But our masternodes network benefits i think from being all on the latest version, instead of being spread out over three 0.16 versions. |
|
|
|
|
Show Posts
