Are you serious ?

First of all, with sidechains, we're talking about the difference between one currency and another. A sidechain token and a mainchain token are not capable of mutual substitution because they are entirely distinguishable (having different identities). For example, a bitcoin cannot pass as a confidential transactions coin since it doesn't remotely share its properties and vica versa.

In Dash, all tokens are on the same blockchain - whether they're pre-mixed or not.

Secondly, in money (as opposed to cyphering systems used by spy networks), untraceability is maximised by the aggregation of continual mixing and exchange of tokens on the financial network, not by hiding the network transactions. Dash follows this paradigm because it is a cash paradigm (not a credit one based around bookkeeping notions of privacy) and maximises transparency at the same time.

Thats the beauty of it.

Really ? This is nearly a 2-year old project now.

Check back this thread over a couple of years. You'll find clones of yourself littering it all the way back to January 2014.

Find a more-modern-mantra-to-mumble  

Actually, Confidential Transactions doesn't do a thing for bitcoin privacy except for those few which are left to 'cook' for a couple of days in order to gain enough 'security' to recast themselves as a new currency and totally blow the coin supply's fungibility to kingdom come in the process.

Of course if you need them quickly you can always do a 'swap' with someone who's already 'morphed' theirs, but don't expect any freebies - everything's at a premium.

(Wait a minute - scratches head - we now have a distinct currency, with a distinct trading price but with no independent liquidity so it transmits its volatility all over the market including into bitcoin itself ? It's bitcoin's siamese twin ! If bitcoin had been born with such a defect, devs would be falling over themselves working out how to separate them  ).

By the way, I think the timing for Dash's Evolution developments (2016+) could not be better.

It's had a total hammering this year and survived but Evolution will take it out of the nursery just at a time when real adoption - as opposed to speculative trading - will value user-oriented features far more highly than a speculative market would.

The features that Dash is targeting are all weaknesses in Bitcoin and yet have a great practical impact on day to day use. Thats why I say if it can keep itself visible in the top 10 it will get a lot of attention and investment from diversifying investors as well as possible actual real markets for new monetary media.

I don't really think it is the capital controls that's driving it. It's a whole mix of stuff. More than anything, if you just look back at the history of bitcoin valuation, it's basically doing the bitcoin "thang".....big rise, collapse, retrace to 20% of the last rise, wait a long time for the price to get fully compacted, then another big rise and price in the new fundamentals.

Things like the Eu ruling and the Chinese devaluation are just the sparks that light the tinder. The reason I think that is because there have been so many 'sparks' during the last 2 years - everything from Overstock to ETF rumours and bitcoin didn't do anything. On the other hand, I've got massive deja vu right now from 2013 and the jump up to 266 in April of that year. That was Cyprus according to everyone but actually what happened is that it was ripe for a rise. Then it compressed around $70-$90 for months till Christmas before taking off again.

I think it's just the growth pattern. Fundamentals grow and get priced in in jumps, not linearly. I wouldn't be surprised if we got a jump to $2-3000 then a retrace to say $1000. (Or if I may be so bold, a jump to $6000 then a retrace to $1500).

Of course it could always puff out at $500. But the thing is, the longer cryptocurrencies survive, the more they defy the critics and the more "fear" gets into people about being left out. They also get huge amounts of publicity whenever there's a rise and the infrastructure's getting more user friendly all the time. Wait till Dash delivers Evolution - that's going to be a massive jump in useability for all crypto. So it's a kind of self-fuelling cycle that brings adoption ever closer to inevitability.

Update: Here we go, Zerohedge is talking about Bitcoin every day now. Soon eyebrows will be raised all over the place including Bloomberg.

Unfortunately it's impossible to do any T/A on a vertical line.

Huobi seems to want to get to $500 in a matter on minutes. Dash holding beautifully steady at 7, enjoying the elevator ride.

For some coffee break entertainment, take a look at this: https://bitcoinwisdom.com/markets/huobi/btccny

In its livelier moments, Huobi trading makes western exchanges look like a church jumble sale. 2-figure trades is granular BTC over there. I can sure see why the Chinese govt. like to put the lid back on that pressure cooker from time to time. Bitstamp is just hanging onto its coat-tails - everyone looks at Huobi to see what to do next. As soon as there's the slightest pause in Chinese trading the Western exchanges go into an immediate tailspin, dumping huge amounts of BTC and then manicly buying back in when they see China put down its tea.

Hilarious.

Edit: Look - it's already at $414 dollars. It put on another $10 just as I was writing that post. BTCe's still in the $370's.
 
The only people that can put a stop to this mayhem is the State Council of the People's Republic. No doubt it's only a question of time now  

Update: First Western exchange over the $400 line = Bitfinex.

Update 2: Maybe the Chinese Govt are in fact with this all the way. They've been moping up all the gold for the last few years so it may make sense to let the people mop up all the Bitcoin so that they have a robustly financed population that holds a large part of all the new currencies - both the gold backed remnimby and blockchain decentralised currencies.

P.S. Huobi now over $420. 3-day volume approach all time high ever (which was the previous 3 days  )

Absolutely. That aspect of Dash is a masterstroke and one that brings real diversity to the investment.

I'd say just sit back and enjoy the show. I don't see this rally stopping anytime soon except maybe for brief cups of tea. It's headed into 4 figures.

I don't think it's disappointing.


...because it's supremely placed to take advantage of a worldwide technological and economic consolidation around bitcoin. Way back at its outset, Dash took a gamble on bitcoin compatibility and that gamble is now paying off with every new Bitcoin rally.

Also, it's not just a bitcoin clone, it's a truly complimentary technology that occupies all the area bitcoin can no longer touch due to it's 'sensitivity'.

If anyone gave me the choice between a bitcoin rally with a bit of a Dash decline in the ratio, or no rally with no Dash decline, I'd take the bitcoin rally any day of the week. If Bitcoin manages to break into mainstream finance and Dash remains in the top 10 marketcap alts, its prospects are amazing.

Ok, I see. Thats interesting thanks.

You might be onto something there. That XMR sugar-daddy wall suddenly doesn't look too safe.

What is "days destroyed" ?

I've heard that term banded about quite a lot but have never been bothered to properly investigate it. Is it the total number of days that bitcoins are not in use ? (Or sit in the same address).

Ok. I'll call it at $6000.

Lets see who's nearest
 

Well, from this level it took about 10 days to get to $1000 bitcoin back in 2013.

Looking at the volume on Huobi it's going to take about 10 hours this time  

No need to worry about Dash right now. Masternode population performing. Market performing. Surfing the bitcoin wave.

LoL ! That's naughty.

This is exciting. I don't think I've checked the time in China for nearly 2 years  

(China waking up in...    )

P.S. I don't understand why all the big trades on Huobi appear to be sells and yet the price keeps rising.

EDIT: Probably because traders place their buy orders just inside the spread and then they get sold into, rather than buying into the asks.

It's a smash & grab. Huobi just went over $380.

As long as the alts don't totally decouple (which they mostly don't), I'd expect a bit of a dip followed by a rally as the elastic takes up the strain.

Great thread.

China is buying up Bitcoin so fast that BTCe has run out of Fiat to keep up by the looks of it.

Massive $50 spreads opening up between the exchanges.

That explains a lot