By the way - Dash also has a unique "reserve market" which further enhances its monetary properties by paying a return on holdings. The beauty of this is that the holdings perform a complimentary network function by collateralising the active "nodes" while at the same time supporting a monetary function (setting a base rate for interest on lending).

This has led to stability and growth over the long term, both in marketcap and also network strength. (See more info here).

Dash has 1 thing in particular going for it that is more or less unique and which unlocks most of its other unique features - an articulated protocol.

In other words the network can "talk to itself' as well as to client applications.

As far as its current feature set goes, this has led to a very powerful monetary characteristic - greatly enhanced fungibility without ANY loss of blockchain transparency. All users see exactly the same blockchain, regardless of whether they're a keyholder or not, just as with bitcoin. But unlike bitcoin the coin supply is continually kept fungible pro-actively rather than reactively which optimises the anonymity of blockchain movements.

This approach will deliver some awsome new network characteristics going into its next release phase (2017/18) by virtue of the fact that it's going to support a decentralised API which will be levered to create a new standard of ease of use and accessibility for crypto hitherto unheard of.

Those are its development objectives currently (and also why it gets so much FUD from competing interests since the articulated protocol is the one thing they can never replicate so they are forced to bang on about "instamines" instead   )

Huobi $2.28 away from $1000 BTC. Will be the 1st one to cross the line.

Feels like the countdown to midnight - time to stand on a chair and start stuffing grapes in your mouth

I think the pumper's strategy with XMR is to achieve lightcoin marketcap and use that as a "hook" to hang onto.

They still have 4-5 days left to pump it and are only about $300,000 away, so may get there. The question then is what happens when "the news" gets sold off.

I wouldn't worry too much about Monero vs Dash circus being whipped up here.

Actually, Dash is doing superbly if you look at the charts given it's probably in the quietest phase of its history due to the amount of new development going on.

Add to that the fact that Dash has the one thing that's essential for widespread adoption and also which happens to be the one thing that Monero will never have: a transparent blockchain

Happy trading everyone !

Hobular 6-hr MACD crossing to the upside within $35 striking distance of $1000 ?

Looks interesting.

Why not straight to $6000 ?

Seems reasonable based on all past major revaluations.

Since it's festive season, some goodwill to all is called for - even to purveyors of "nodecount level-off flood myth" theories !

Happy christmas everyone. Hope you all enjoy appropriate amounts of turkey, grape-juice & rice pudding regardless of whether your favourite coin mooned or swooned  

Well not of your kind of "genius" anyway 

Ah, so 'nodecount level-off' is the new Dash bazooka ?

That'll have people quaking in their boots for sure - specially when laced with a bit of "exchange flood-myth" Noah's Ark style

Keep it up for another 6000 posts if you can. (Someone usually has to    )

That isn't the question. The question is HOW to optimise anonymity and at what price ?

If you do it at the expense of blockchain transparency (of the address balances that is) you'll end up with the weakest of all worlds where the most fundamental of monetary properties are trashed in favour of imposing what is nothing more than an encrypted messaging technology of little value due to its reproducibility.

It is and will always be a flawed monetary design - not least due to the asymmetry it imposes on the coin supply in terms of key holders / non keyholders and between transacting parties. A fertile breeding ground for scams of every type ranging from blockchain to ecosystem based.

Apparently not. (According to 2.5 year's worth of trading and nodecount correlations ).

You've described only one segment of a cyclical model - a scenario which has already occurred several times.

The bits you left out are the part of the cycle where the supply-demand curve balances out and re-asserts itself again. If you look at a 3-day chart of Dash since its launch you'll see that we've had about 3-4 full cycles of saturation/sell-off/re-establish demand so far and I've described this more fully here in terms of a dynamic interaction between two segments of the coin supply - a "trading" component and a "reserve" component on which holders earn interest.

Sure, on top of that you have a risk asset effect against other currencies, but ROI on fixed income assets is usually measured in the native currency. They are two separate investment strategies - one accumulates Dash, the other uses Dash as a vehicle to accumulate bitcoin. Both are in effect and you can't use one to invalidate the other.

P.S. Your point about nodecount tanking the price when it flattens off doesn't square either. Trading is a 2 way street and also consists of 2 distinct markets: those investing in a reserve market for a fixed returns and those investing for a risk-return (buy low sell high). ALL of that trading has to come out of the blue segment of the coin supply in that diagram, which becomes ever smaller as the nodecount increases. The flattening off doesn't mean traders stop investing, it just means the supply's reached saturation. Trading will continue to occur, just on a much tinier portion of the coin supply.

I always wondered what possesses people to do that.

This isn't just some minor "rise". This is a 3 YEAR consolidation concluding in a strategic breakout to the upside. It might not correct now till the mid 1000's (i.e. $1500) and thats being conservative IMO. When you look at historical breakouts after long periods of consolidation it should go to around $6000, correct back to $2000 than stabilise around $3000.

I've no idea any more than the next person where this is going but it's probably the least profitable time in history to be dumping or shorting bitcoin IMO Not to mention that there are ETF's in the works, Lightning news to come new adoption from the capitalisation etc.

I'd say, if you've got it, hang onto it !

Bitcoin smash and grab.

The market seems to have decided that 4-digit bitcoin is now imminent. $100 is now the new $10 in terms of revaluation increments.

By the way, the reason for the latest rise is this little comment on last night's Zerohedge article about bitcoin.

"organizations with large axes" are only interested in assets with value, so yes - as crypto gets more successful it will also pose a problem for some (a problem most people would be happy to have b.t.w.).

However no obscure blockchain is going to protect anyone from the "gubermint". If you use money for anything you'll be tracked, specially since almost all trading is carried out on payment systems and not on blockchains, regardless of how the trade is denominated.

The blockchain's job is to define and preserve the integrity of the asset AND be seen to be doing so by all - not only keyholders.

So it needs to be transparent or die a slow death from "he said she said, nothing to see here" corrosive rot.


Not immune, but supports a supreme level of fungibility - and consequently plausible deniability - over bitcoin without recourse to blockchain transparency. Those priorities are decoupled with Dash which is why it's such a powerful solution at a monetary level.

Here's why transparent blockchains were invented - to minimise dependency on the "right" voodoo practitioner. (...and so that when they do screw up you don't have to be one to know about it).

 • traders, having waited 2-3 months now starting to have confidence in the 'bottom'
 • the first and most important piece of the "Evolution Jigsaw" around the corner

Plus of course Dash's monetary properties now starting to be acknowledged by payment services:...

 • It’s mobile (fast) = a monetary property
 • It’s fungible = a monetary property
 • It pays interest on reserve = a monetary property
 • It supports a native base lending rate = a monetary property
 • It is transparently auditable = a monetary property

Those coin's "anonymity" properties unfortunately are not independent of transacting medium and since 95% of commercial activity takes place off-chain (e.g. witness last month's 14 million Moneros) you'd be out of luck. So what you actually mean is you'd only only accept blockchain transactions which as we've seen, barely feature in the commercial trading realm and will only do so less as the crypto-economy grows.

The anonymity characteristics of the particular particular transacting medium you're using would have far more to say than the blockchain properties and I wouldn't hold my breath for a 1000-employee payroll to get done on an obscured chain

Yes, I realised that many people hold this vision.

But most have not spent 30 years architecting, coding and maintaining the actual systems that implement a commercial transacting environment such as accounting, ERPs, eCommerce and retail and so have the luxury of taking a making a purely symbolic appraisal of the future.

In particular, they don't make any distinction between a monetary denomination and a monetary medium. When you do take those into account, saying that "Monero has great anonymity" is like saying the "Pound Sterling is a great currency because it's printed on really strong paper". Thats because Monero's privacy technology is not a monetary property - it's technology property of that blockchain's transacting medium. Another reason why it is a huge error to couple priorities from the record-keeping archetype to the that which defines the monetary base since - as I've already pointed out - they are in direct conflict.

The assumption amongst BTC talking heads is usually that denomination and medium will be one and the same thing, but that assumption is wild. Lets, for example, examine your utopian dream where "everything" is denominated in crypto.

There is almost no aspect of the modern commercial infrastructure that the blockchain could remotely support. Nor is it designed to support trading anyway - it's job is to define and maintain a monetary reserve. If you go to a supermarket in the 22nd century, you won't be doing blockchain transactions. If you get paid by your employer, it may be in Monero's but they won't be sending your money to a blockchain address. If invest in pension bonds monthy, your bonds may be denominated in Moneros but it won't be held in a blockchain address. The financial infrastructure will continue to use what it always uses - a system of commercial account management and managed credit since that is far more efficient than any blockchain could ever support. Pure numbers are simply far faster, far more flexible and far more scaleable than any blockchain.

Sure, monetarily, things may be improved because you'd have a kind of gold standard where the entire economic liquidity was backed by blockchain tokens, but the activity would not actually be carried out ON the blockchain and anyone that thinks it will is delusional. You stand at a checkout queue. Your cornflakes get checked through on the other guy's bill. The cashier has to reverse it off his bill and put it onto your, meanwhile dock his store-points, qualify you for a discount threshold and let you pay with cash instead of credit. No blockchain gets a lookin at the pointy end of commerce.

The reason I brought up exchanges wasn't to make an appraisal of cryptocurrency exchanges, it was to demonstrate how quickly real commercial activity moves out of the realm of the blockchain - even though it may continue to be denominated in terms of blockchain tokens. In a mature crypto economy, only a tiny proportion - miniscule, 2-3% if you're lucky - of the actual liquidity would be co-incidental with blockchain tokens. The rest is second order monetary media (see tiers 1 upwards above) where record-keeping archetypal priorities are in force.