Someone PM'd me and asked why I was suddenly paying attention to the price, this should answer that Q  

Xcoin to Dash v12

The goal during this phase was to find technological improvements to improve the following aspects of digital currency:

- price stability (volatility reduction for the long term)
- adoption
- privacy
- transaction speeds
- economic issues

I would officially say, we have five-ten years of technology that hasn't been released publicly yet and I'm done tweaking. During this period of time, the price didn't matter, the project was pure speculation and we were just working on the technology.

Present and Future

So now that we have some amazing technology and a vision for the future, I think we can move on to the next phase of the project. We are the first true Decentralized Autonomous Corporation and I would extend my argument to say that Bitcoin and every other cryptocurrency project is NOT.

What do I believe a true DAC requires?:

- Decentralized Team
- Decentralized Funding
- Decentralized Governance
- All costs of the network must be provided for in a decentralized way

Think of every centralized company that you know of and how they operate, then flip that all upside down and try to figure out how to make it purely in a decentralized way without having any centralized components. This is what we've just created and it includes an incredibly powerful funding mechanism, staff, and paid infrastructure that will scale.

So then let’s say we have a centralized company that's a startup and they have some sort of funding mechanism. First, they will spend this seed funding in a way that provides growth and a ROI for their investors. Afterward, they can turn that funding into recurring revenue streams that pay for all of the expenses of the company and allow them to grow.

We are officially at the stage of having the first ever seed funding for the first ever DAC, which means we must use this money as any centralized company would, and provide ourselves ROI on our investments. One of the signals we're going to use is the price. We don't expect instant results, but we definitely expect results over 6-12 months from our initial investment. If we don't see those results, then we'll tweak our strategy and try something else. Rinse and repeat.

Great site! +1 on the trustless storage mechanism

I'm seeing all sorts of stuff happening in the charts all at once, which is a great sign when you see a bunch of bullish formations at once. This is how I used to day trade for my firm back in the day. The general idea here is you go from the shortest time period, then you walk out to the longest. If you see bullish or bearish signals in all of the charts at once, it's quite meaningful. Here's what I'm seeing:

On the really short term chart, there's a triple top:



Moving averages are crossing as we speak, so momentum is changing from negative to positive:


If you step out a bit, It looks like we're going to cross in a couple days, for a much more meaningful MA


If we break above 0.011, I believe this was a false breakdown


When trading, there's also a couple other things to consider:
- The order book on the buy side, which is quite nice.
- Then there's the fundamental side for the trade (https://www.youtube.com/watch?v=0GACaNvBlwc, The budget system and governance system? Plus everything we're about to do)
 
Away, that was fun.... back to coding

 

The new system for sending around IX messages and the new sub-quorum implementation is really nice. There are lots of little improvements.

Finally got my money to the exchange  

Ah, I read your post again and we are in agreement.


Yep, that's the idea.

I definitely disagree with you on this point! I think all commerce will end up taking place in the last few percent simply because the expected ROI of the masternodes will keep the coins out of the supply when they would have been otherwise. There's a similar mechanism that does this in Bitcoin, which is long term speculation. I'm in the process of doing a video series at the moment and I cover this topic in one of the videos, so I'm curious what you'll think.

We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.

New “Getting Started” Section for Newcomers

One of our main goals going forward is to raise awareness about the advantages of digital currencies and the Dash project. We felt our website dashpay.io was really missing a lot of information on the project, so that newcomers either to the world of crypto or to the community could easily understand what we are doing and what are the main advantages and differentiators of Dash.

More Info: https://dashtalk.org/threads/new-getting-started-section-for-newcomers.6145/

Can someone make a troll progress bar?

- Parse the last 3 pages of content, look for known trolls. Then show 0 to 100% depending on how many times they post, if they're posting all of the time, it means we're doing some amazing work (like right now!)

It's just going to be for normal operations. So if you want to use DS, it will require the core client. We would have funded DS for electrum, but I've figured out how to make DS instant (+ blinded) so we're going to depreciate the existing design and move to a new, far superior implementation in the near future. v13 is going to be pretty impressive. 

We JUST funded electrum development in the past few weeks and it's 99% done. It should be available in less than a week. The problem is that our implementation of the core client is vastly different than BTC, so it was a good deal of work to implement and debug. The developers are pretty much done, minus one small issue.

Official Newcomer Introductory Video Release

One of our main objectives going forward is sharing the good work we are doing in Dash with the public. Part of our vision is to cultivate adoption of this ecosystem through education, promotion and engagement of potential users on the benefits of cryptocurrencies and the functionality our solutions enable. This is very important for the future of the Dash project.

More info: https://dashtalk.org/threads/official-newcomer-introductory-video-release.6142/#post-67122

Once you're in the front of the queue, you have a 1/300 chance of getting selected each block. So it's statistically likely that a few nodes will go 10+ days in between payments, but most of the network will paid within a day of getting into that queue.

When you see 1 vote, that's not enough to actually make the system skip. It skips on 2 or more.

The Dash team is the second in history. The masternode network was the first and our support system will be the third. 

I think soon has changed to "now", we've already spent thousands. There's so much in the works, it's hard to keep track of

How does the decentralized masternode payment system work?

Each time a block is generated on the network, there is a voting process that begins which all masternodes take part in. All masternodes begin the process by deterministically figuring out if they're part of the sub-quorum for the next block that needs to be voted on. Sub-quorums within the network are 10 masternodes and randomly pick masternodes for each block (in a deterministic, tamper proof way).

Next if a masternode is selected it goes through the  following very complex process to pick the winner. First it will look at every masternode on the network and get the last paid time, according to the masternode list. "LastPaid" according to this process means a node has at least 2 votes for a given block. Notice there are ten votes total, so it's actually possible for up to 5 nodes to be flagged as "Paid" from a given block. This allows the network to quickly solve disagreements about the order in which nodes should get paid, then establish a permanent payment cycle. However, the downside is, it's possible to have a payment skipped when the cycle is getting established.

Second, the masternodes are then added to a list by last paid, then 10% of that list that was paid the furthest in the past is eligible for payment each block. At this point, the masternode with the highest score (deterministically again) is the one that nodes will vote for. This means there's really no order of payment each block, each masternode will simply remain in this winning queue until it randomly gets picked. Currently on average it would take 4.68 days to get into the eligible queue, then you have a 1 in 300 chance of being selected each block. This means on average the nodes should stay eligible for 3/4 a day before finally getting paid, but that could actually take longer if unlucky.

To determine if you were skipped you can do a "masternode winners 2000 | grep XAddr" from a linux console to find every time you were seen in the list. If you see >=2 votes and are not the winner, then you were super unlucky. Otherwise if you're in the list and it's going past 6 days, it would be the later situation, where you're eligible and just temporarily unlucky. There's also a third option, if you issue a "masternode start" from the cold node, you will reset your queue position.

When a miner pays a masternode, it will select the entry with the highest votes from the network. That's also the node that will get enforced for payment. This was quite difficult to write, but has worked great (although is somewhat resource intensive).

I checked and those are definitely paid... I guess it's something with DashNinja