I personally think Dash is the cryptocurrency that is best positioned to replace Bitcoin in a worse case scenario. Dash had no pre-mine, pre-sale or anything like that, there is some controversy about when it was first launched, to much was mined in the first two days then should have been, the emission schedule was changed when that happened to fix the problem. Some people still shout scam or pre-mine because of this event, personally I do not think much off it since those coins have since been redistributed and everyone has had a chance to buy in when the price was much lower. https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-328#post-11847I. Just. Can't.  |
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Gavin Andresen: "It is clear that BIP101 will not be adopted, so I'm withdrawing it." ['Withdraw BIP 101 proposal' by gavinandresen - Pull Request #329 - bitcoin/bips] https://github.com/bitcoin/bips/pull/329 |
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Yeah, in a big way. Looking at the numbers: jl777hodl is currently trading at 0.00017 BTC on Poloniex, total supply is 10 million, which gives a theoretical market cap of 1700 BTC or just over a million USD right now, putting it level with WorldCoin and quite close to NEMstake, round the #34 position on www.coinmarketcap.com. 2 NXT assets in the top 40....yay! And. It's. Gone. JLH has been delisted from Poloniex and NXT Scam-Asset Exchange has vanished. Polo should be ashamed for listing an obvious fraud like jl777hodl. And EvilDave should stop pumping the NXT scam. |
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I think the gold-oil link that has lasted for over a century is being severed.
New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.
There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.
tl;dr oil is being demonetised
Implication: End of Petrodollar HegemonyBut not the way we thought. More like hyper-biflation than inflation. |
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The reason for this is imo, that Dash promised a lot and a lot of projects started, but one has the impression that none of those really found it's end.
For instance darkmixing. For how long now is this feature available now? A year? Recently i used it for the first time and was SO dissapointed. It took me 2 (!) days to mix 1000 coins. Unbelievable! Who do expect to use that stuff when everything takes so long? I know its a solvable issue. But ffs its been a year now! Same goes for masternode blinding etc.
You got to finish things first before moving ahead and open new projects.
Justmy2satoshis.
It's a possible chicken-egg problem. Darksend speed will only increase with more active usage (thus more users). The question is if it will attract more usage being horrendously slow (I think 2 days counts as horrendously). Any system like Darksend that depends on contemporaneous volume for mixing is hopelessly vulnerable to attackers flooding the mix with their own coins, in order to flush out targets of surveillance. The more fake usage (and compromised masternodes), the more actual usage is degraded in terms of privacy/security. That's why ring sig approaches like Cryptonote are a quantum leap ahead, in that they depend on the total mass of (emitted) coins for camouflage, rather than just what's currently in the queue to be mixed. The former is a kludge, vainly struggling to emulate the actual (rather than "sort of, hopefully) unlinkability of the latter's zero-knowledge based approach. Dufffield used to say nice things about ring signatures and the desirability of using them to improve Dash's "bad crypto." But protecting the instamine was apparently more important than fixing the broken "privacy theater" of Darksend (aka broken, snake oil rip-off cargo cult version of CoinJoin). |
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Bitcoinocracy site is pretty good, vote with your money, I like it. I`m tired of sockpupped shills spewing propaganda.
That site needs more awareness.
The really funny thing was how the cynical ToomimBro-dudes used Classic to push their consider.it start-up. Bitcoinocracy is much better, and I agree it needs more awareness. How about changing your sig from that silly NXT ad to something like Bitcoinocracy.com - 1 Satoshi, 1 Vote |
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Let me get this straight. A flaw in a totally unrelated coin is your proposed motivation for people to jump on your coins bandwagon? Is that about the gist of where the OP is going?
The math genius guy who broke SDC is making cool new crypto-magic for Monero. If SDC honors its promise to pay bug bounties, Shen (besides having the option to buy XMR with his reward) will have more free time to implement multi-sig and RingCT for Monero.  Did you get that straight yet? |
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This reminds me of the time Gavin said "the financial crisis is over." |
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ATH daily volume.
Lots of BTC sloshing around on Polo now. Thank you ETH. Polo got its groove back in time for the ETH party. Thank you XMR. But if Polo doesn't step up and enable fiat I/O ASAP, we should start lobbying Kraken to list Monero. The sooner I can get Shift-type XMR-->plastic the better. |
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Well, I don't believe we will see doomsday when 2MB blocks hit or anything like that. It's long overdue and so I switched. It will help Bitcoin to scale and once we need other solutions, I'm open to rethink the situation. Best thing about BTC is that it evolves. I've seen BTC hardfork before and it's not problematic at all.
Segwit will help BTC scale properly, by helping lay a solid foundation for building out Layers >1. Doubling tps from 3 to 6 does nothing to help scale and harms decentralization for no good reason. We've never seen a contentious hard fork, so let's not assume they are "not problematic at all." You do realized that contention represents the possibility of formerly cooperative, suddenly-competing socioeconomic factions engaging in a fork war and risking catastrophic consensus failure, right? The best thing about Bitcoin is that is consensus critical, yet distributed. Evolving for nothing more than the vanity and pride of being seen to Do-Something-Because-Reasons is anathema to the Honey Badger ethos. Control your impatient impulses. The block size will be raised eventually, but sorry, not tonight dear! |
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You haven't been around much lately. A bit under the weather? Warm chicken soup with ginger is an age old remedy. Asians swear by it, and I can tell it, it does do wonders. I also put in hot pepper scrapings to add some punch to the immune system. Wear warm clothes and try to sweat it out, it's great way to eliminate toxins. Lots of warm tea to keep hydrated! Hope you get well! Kisses your way. Colloidal silver prevents the need for all that.  But since Evan was (reportedly) attending the Satoshi Roundtable event, aren't you wondering why he didn't sign the Call for Consensus? Coblee signed it on behalf of Litecoin, effectively saying overruling and saying "fuck you" to his pointy-headed CEO.  So what's Evan's problem with "pool administrators who have signed this statement [who] represent ~90% of the hashing power on the network?" |
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Very happy to see our Lead Scientist belonging to The Bilderberg Group of Crypto Kidding & long-term concerns aside; DASH does not have a better ambassador than Evan. So this is great. Almost sorry it would be so secret Why is Dufffield not among those listed as signing the Call for Consensus document? https://medium.com/@bitcoinroundtable/a-call-for-consensus-d96d5560d8d6Charlie Lee signed it on behalf of Litecoin, but where is the Darkcoin/Dash guy's endorsement? Is Dufffield in favor of Classic's attempt to impose a contentious hard fork on Bitcoin? |
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Thx for the link. That really is the end of it. We urge everyone to act rationally and hold off on making any decision to run a contentious hard-fork (Classic/XT or any other). IOW, everybody (even the people in The Community ®) is sick of Gavin's shit. |
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 At some point, even the True Believers of the Evan's Gate cult have to put down the Kool-aid and come out of the compound. That point was almost two weeks ago! There are entire, fully funded projects solely working on distributed storage. Then there are entire, fully funded projects working on social networking type applications. Then there are entire, fully funded projects working on API building.
Given that background, any self respecting investor is going to conclude that Dash has bitten off more than it can chew trying to do all this to a high technical standard with only 1 or 2 core developers. They will wonder where the efficiency gain is in development (i.e. what is it that those projects are doing that Dash doesn't need to do).
Dash  |
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Dash doesn't look too bad price-wise. Is it completely a failure? I mean, compared to any other shitcoin?
Not at all! Dash is the Cadillac of shitcoins.It enjoys a market cap and volume above all other shitcoins except Ripple, and a (suspicious, disconcerting) degree of apparent immunity from the numerous laws and regulation it flagrantly breaks/ignores/disregards. But its future isn't looking bright. There are entire, fully funded projects solely working on distributed storage. Then there are entire, fully funded projects working on social networking type applications. Then there are entire, fully funded projects working on API building.
Given that background, any self respecting investor is going to conclude that Dash has bitten off more than it can chew trying to do all this to a high technical standard with only 1 or 2 core developers. They will wonder where the efficiency gain is in development (i.e. what is it that those projects are doing that Dash doesn't need to do).
Even the cultists know the Evolution roadmap-to-unicorns is a giant nonstarter. |
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Don't know about the instamine, but how is Dash doing now? It's been almost a year since OP wrote this. I bought some Dash not too long ago, and I have to say that the volume on Yobit is absolutely awful. Is it that way on the other exchanges?
After the Mintpal scam was over, the Dash (then Darkcoin) scam found a new home on Cryptsy's scam exchange. Like Paycoin and Shaun Bridges, Dash was a close friend of Cryptsy. Besides the malingering Dash HYIP, that shady nexus of intrigue and scamming has mostly dissipated in clouds of scandal and drama. Dash is currently experiencing the relative disadvantage of being traded mostly on a reputable exchange, with competition from non-instamined coins that use good crypto and the looming threat of lending rates higher than masternode yields. |
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