Another illustration (negative this time), is if you want to be anonymous on the street. You can put a bag on your head, but you stand out. I don't know if you realise it but you've just explained why Dash ditched targeting "dark markets", stuck with a transparent blockchain, pursued fungibility over obscurity and kept itself compatible with the Bitcoin "ecosystem"...because using an obscured blockchain over a fungible transparent one is the equivalent of "putting a bag over your head". Only in the delusional world of an investor who thinks that their coin will be the only one in existence is that not the case. 100% fungability is the only solution for freedom.
Indeed. But which TYPE of fungibility is the solution for maximum value ?  |
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Dash now firmly back inside its long range trading lane. Solid. Steadfast. Growth. (And that's just the BTC price-per-coin ratio. Marketcap is even better once you factor in growing coin supply....and that's just measured in BTC. $USD cap is even better once you factor in BTC/$USD exchange rate = ~400% growth over the 2 years 2015, 2016)  Nor has that growth come at the expense of network strength. Note the expansion of Dash's monetary reserve which asserts the token's status as a monetary base by setting and delivering a base rate of interest on the growing number of holdings lent to the network:  Nor has that growth come at the expense of Dash's status as number 1 privacy coin. No other cryptocurrency has come close to Dash's unbroken level of anonymity without completely trashing blockchain transparency - the very thing that supports its value, confidence, commercial compatability and symmetric audibility in the first place. |
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That ask side is looking pretty big and growing. What does that indicate?
It indicates that traders think the price is about to rise and are placing asks at levels where they can earn quick returns on the spikes, buying back in very quickly after the sell. (Market depth often works opposite to expected trends in this way). Momentum stabilising nicely after that dump. Continuing to get pulled around. 2-hour chart is already green. Off order-book bids hovering and waiting for the right place to "get in".  |
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I find it kind of unbelievable that a silly note from the PBOC is the reason for the crash. As if people didn't see that coming. The 2013/14 bubble was pricked by the PBOC and the market took 3 years to recover. I don't think a 3 year consollidation is so flimsy as to just roll over and die on one predictable PBOC memo. Looks more like a simple bit of Huobi whalery to me (possibly with PBOC co-operation, who knows  ) We've seen these mega dumps before in the last few months and the market just consolidates for a while and moves on. This one was bigger because the rise was bigger. Lets see what happens. 2hr Hobular momentum histogram about to go to the upside which will help to pull the 4 and 6-hour charts round. After that we'll start to see what the longer term trend is. |
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People can read and decide for themselves. You don't say  |
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any other UKers here holding their breath for ~$1230 when we finally hit £1000? Yes, me. Hobular BTC blasting past $1200 like it was a tank rolling over 1-foot hedge. |
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Hopefully what's happening now is we're leaving behind 3-figure bitcoin and the scale is getting recalibrated - just as it did when we left single digit bitcoin.
In those days, a revaluation from $2 to $8 was a huge rally.
Now we're going to be going up in $100 increments. That 2013-2016 dip will look like a minor correction in a few months.
(Hobular BTC now over $1200 as I type. No Gox).
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Fungibility doesn't mean that *everyone* can see that coin 1 is different from coin 2 I think you're engaging in your preferred pastime of philosophical indulgence again. A gold coin looks, weighs and feels like a gold coin regardless of whether you happen to be the owner or not. |
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Why is Dash skyrocketting ?
I just watched a 500 Dash selwall get munched in 3 seconds.
Been on holiday eating christmas pudding. Did I miss something ?
UPDATE: Another 535 wall. Munched immediate. wtf ??
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how else do you explain coinbase deleting accounts because 'shade transactions' By virtue of the fact that hiding blockchain properties is not the same thing as making monetary tokens "indistinguishable", no matter how much Monero shills try to conflate these two concepts. Coinbase have a problem with the former, not the latter. |
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Fungibility and privacy are inexorably bound. Except something can be fungible AND public which, in terms of unbacked monetary properties is far more optimal than being fungible and obscure. In bitcoin, every coin address is visible, its balance auditable and its continuity with every other address explicit. That transparency is UNIVERSAL and SYMMETRICAL. i.e. it isn't restricted to keyholders, everyone has the same view whether you're a payer, payee, network participant or non-participant. That's fungibility. Dash further enhances this almost-perfect monetary token so that the coin supply is highly resistant to regular pattern detection, thereby optimising transaction anonymity WITHOUT recourse to torpedoing the blockchain's transparency. |
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The end game is to create a fully fungible digital cash I think you're mistaking "fungibility" for "obscurity". They are not the same thing. Fungibility doesn't come at the expense of transparency (unless you're talking about fungibility of 'transaction IDs' ) |
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Before you get too self-congratulatory, there are at least 19 coins that outperformed dash in 2016--most more than doubled dash's performance and moved up the marketcap ratings, not down Depends how you measure "performance". I've often made the case that loads of coins surpassed Dash's cap in the past - including the likes of NEM, FCT etc. The problem is they didn't sustain it because most are subject to speculative pumps. So ending the year on the price it's at is amazing performance for a 3 year old coin. (In fact just still "being around' is good performance). Another good example is Monero. It got the a*ss pumped out of it recently, not because it was a great long term investment but because some opportunists saw major competition on the horizon and decided to use a couple of "news items" to launch a market feeding frenzy on its only significant exchange. Problem there is that the last of that "news feed" is about to run out in a few days and get sold off (which is why you're all here desperately fudding Dash as it's starting to rise again). I'm sure XMR will be milked for all it's worth before then though and as much BTC fleeced from willing noobs as humanly poss. Parr for the course |
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Get over it There's no "it" to get over. My priorities have already been endorsed - over a period of nearly 2 & a half years now. It's your argument that got trashed. The "demise" you so often spoke of back then never came to pass. Development, community participation, mining participation, marketcap, media interest, you name it all grew and continue to do so. Not to mention the establishment of a 4000 strong, collateralised active node network valued at nearly $12000 a pop which are in ever increasing demand and short supply. Look yourself in the mirror and that advice might be vaguely relevant |
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I think what Evan did with the ninja premine was scammy and greedy. LoL ! What a load of faux-ethic sanctimonious bs  We're talking about a crypto - one that was nothing more than a worthless experiment at that time. Whatever the background to its origins it eventually turned into a serious asset. That was thanks to its developer more than anyone, with endorsement from the market. So please stop with the d.i.y. moralising and get real. It's one of the most valuable and investable projects out there now. |
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3 year long hump I'm sure you'll get over it eventually. If you were there at the start (I wasn't) you should be richer than most Dash holders of today - thanks to the very person you're trying malign no less, instamine or no instamine. Some of your contemporaries are - they just managed to keep their toys in the pram |
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