Last time I've checked, fees in ETH (gas) for withdrawing tokens from a "De-Fi" platform were well above $100 (in USD). I have around $110 worth of DAI sitting on Compound without being able to withdraw it because of the ridiculously high fees on the ETH blockchain. If the trends continues, "De-Fi's" adoption in the mainstream world will stifle. No one will want to use "De-Fi" platforms for borrowing or lending money if costs aren't negligible. Scaling towards ETH 2.0 is an option, but it may take quite some time before we're able to experience a steep reduction in fees. There are alternative smart contract platforms like EOS and TRON, but the number of "De-Fi" platforms on them are extremely limited. As of late, Vitalik has been patronizing "second layer" scaling solutions in order to remediate the issue in the short term. It'll be up to "De-Fi" platforms' developers to switch from the main ETH blockchain to a "Layer-Two" scaling solution like OMG or ZkSync. Migration might be a challenging task but not impossible. Sooner or later, ETH will need to scale its own Blockchain network with the adoption of sharding and PoS. Any thoughts?  My thoughts, you will need ETH 2.0 phase 1 & 2 for scaling with sharding. Currently phase 0 (PoS) is not even implemented. I bet phase 1 & 2 will get delayed a few times and will take a few years. Maybe with luck ETH 2.0 Phase 1 takes place in 2022. Link : https://consensys.net/knowledge-base/ethereum-2/faq/Which means it takes years before the network congestion and high utilization (95%) can be fixed. Off Chain outsourcing is not the answer, that just increase the risk that users and developers will leave Ethereum all together for another decentralized platform. |
|
|
|
as of today, Polkadot entered top ten list of coins, pushing BNB out from the top ten, and BSV on the position ten
Polkadot is smart contract platform, and could be serious contender to Ethereum and other platforms, with Cardano just a few percents away on position eight
what do you think about it?
I think redominating a crypto project after a year purely as a means to increase marketcap and marketcap rank is despicable and not worth bragging about. I also think coinmarketcap lost a lot of trust, when they implemented this change on their website. https://coinmarketcap.com/currencies/polkadot-new/https://coinmarketcap.com/currencies/polkadot-old/Now it is just waiting on the next crypto project to do some redenomination of their own, just to increase marketcap and rank. Coinmarketcap put the door wide open for that. |
|
|
|
Ethereum Classic Hit by Yet Another 51% Attack, But Has Defensive Planshttps://cryptobriefing.com/ethereum-classic-hit-yet-another-51-attack-has-defensive-plans/Key Takeaways
* The Ethereum Classic blockchain has been attacked, allowing hackers to steal an unknown amount of ETC tokens.
* Exchanges and miners are clamping down with extra security measures and longer confirmation times.
* Some exchanges are considering delisting the ETC token.
Ethereum Classic was hit by another 51% attack on Aug. 29, making it the third attack on the blockchain this month. When i read that Ethereum Classic was 51% attacked for a third time in just one month (August), i am just glad Dash prioritized and implemented ChainLocks last year. Link : https://www.youtube.com/watch?v=LyTkHpQ836Q (i miss these Dash marketing videos) What is happening to Ethereum Classic lately with all these 51% attacks, could have happened to Dash without ChainLocks in place. A scary thought.
|
|
|
|
Are you not the one that constantly talks about revenue without cost though ? Free coins ?
Ever heard of a "free lunch" ? Well somebody does actually have to cook it, even though you may not have to pay for it. Dash "free lunches" are not paid for by masternode holders (at least over hosting cost). They are paid for with a loss of marketcap. That is why I've advocated margin parity. revenue without a corresponding cost (that someone else bears) Masternode operators bear them, when we are talking about masternode revenue. Miners do not bear masternode costs. Masternode operators do not bear miners costs. It all becomes mumbo jumbo when you have someone trying to reverse the above in his market theory and then tries to connect it directly to the loss of marketcap. |
|
|
|
I think you are confusing costs with revenue.
No, I'm not doing that. I'm acknowledging the fact that you cannot have a revenue without a corresponding cost (that someone else bears). That is what you and the rest of the community should also be acknowledging and addressing instead of promoting Dash on an " everything is great, it's Dash so you can have revenue without cost, fairytale, wizard of oz land" theory of accounting basis. I am not a subscriber to that theory because it will drive us over a cliff. Are you not the one that constantly talks about revenue without cost though ? Free coins ? Leaving out the renting costs for masternode operators ? I have heard nobody else claim that Dash Masternodes can have revenue without costs. And i know of no Dash promotion that does claim revenue without cost. Costs that is getting more expensive by the way, as Dash Platform will require higher server hardware specs, driving up the costs for masternode operators. |
|
|
|
May i suggest...
Dash has about the most expensive network on the planet to run. The masternode network costs around half a million dollars per week at current prices. I think you are confusing costs with revenue. Revenue is what attracts investors. Revenue is what grows the user base. Revenue is basically what drives cryptocurrency. Congratulation on discovering that the masternode network has a separate revenue stream. Oh wait, you are a masternode operator... you already knew this. Quick question : why are you running a masternode again ? could it possible be for the exact same revenue ? If masternodes are so terribly costly as you put it, why not simply disband your masternode(s) ? Or better yet, donate all your masternode rewards to miners ? Be our shining example, lead the way forward !! |
|
|
|
Who cares about the "Dash community" ? They're not who we're trying to convince. It's the NON-DASH holding community who probably have a very different set of priorities that need to be convinced to keep this coin alive.
If you are trying to convince the NON-Dash holding community, then are you not doing that in the wrong place ? This is after all the Dash ANN, maybe you should try to convince Non-Dash users in other ANN threads ? Convert them there ? May i suggest you try Monero's ANN thread ? They are such an energetic friendly Non-Dash community, worthy of a convert. I am sure they will have no problem keeping this coin alive. Just don't mention my name there please. |
|
|
|
Seriously it just sounds like mambo jumbo to me.
Coin A: Block size=10 coins, primary investor (who fund mining) receives 9, miner keeps 1 Coin B: Block size=10 coins, primary investor (who fund mining) receives 4, miner keeps 1, "others" receive 5 If the aggregate mining cost between those two coins is similar, where do you think the primary supply investors are going to migrate ? Coin A or Coin B ? Investor will invest into what he thinks is important : whether that is with smart contracts (Coin A) or with transaction speed (Coin B) Investor buys either 10 coins from Coin A or buys 10 coins from Coin B on public exchanges. If Fiat price is lower with Coin A, then that simply means investor can buy more crypto coins from Coin A, but the amount of Fiat investor puts into crypto is the same for both Coin A and Coin B as investor dedicates a certain fiat amount for crypto. Return on Investment is the raw percentage return of Coin A or Coin B from the beginning of the year to the end of the year. Investors do not fund mining. Investors just buy coins or invest in coins or save up on coins. 1 Dash = 1 Dash everywhere, on all exchanges. Miners fund their own mining, have their own expenses, carry their own expenses. Miners can not forward their mining costs onto exchanges, making 1 Dash more expensive then another Dash. Mining costs are solely for miners, just like masternode costs (renting servers) are solely for masternode operators. Miners know exactly what the mining reward and their ROI will be. Masternode operators know exactly what the masternode reward and their ROI will be. Both mining rewards and masternode rewards end up in the circulating supply. Some (most) will go to exchanges to be sold off, some will be kept in personal possession and saved up. |
|
|
|
ROI between 2015-2019. That isn't what I was talking about. My post stated " comparison of the return on investment in the primary supply between Dash and 100% mined coins" which referred to the proportion of the primary supply received by investors who pay for the mining. (Depending on which of 2 views you take, either these investors pay for the proportion they don't receive as well - MN rewards - or the MN rewards are generated on a purely numerical basis at zero mining cost). With Dash they will receive less than half of what they do with 100% mined supplies. Also, we are in 2020, not 2019. On the 3rd September 2015 Ethereum was at $1.27 and Dash at $2.37. In 2015, Ethereum was 6.8x our marketcap. In 2020 it's 65x our marketcap. So you can "cook" the stats anyway you like but I don't think you can defend the "store of value" track record successfully against other mined coins who do not inflate their supply on a purely numerical basis (as we do) without subjecting it to competitive mining. Competitive mining puts a primary price on every block. Numerical inflation sets that price at zero. The market assigns our aggregate marketcap accordingly. It's right there in front of you, even though I realise the cognitive dissonance doesn't allow you to "see" it. I think i will just place value on the Return On Investment that messari.io provides as data over the years that can be publicly verified and will just continue disregarding your assumptions about how you think the market works and your whole 'with Dash they will receive less than half of what they do with 100% mined supplies' and 'investors who pay for the mining' lines. Seriously it just sounds like mambo jumbo to me. This is not about a possible cognitive dissonance, this is about a vague market theory of yours finding very little support in the Dash community. You can of course repeat those beliefs with every post you make, it does not make it any less mambo jumbo. |
|
|
|
This is a governance & staking crypto coin, that marketcap wise will be outperforming full PoW networks (where miners are in full control) for a long time i suspect....this kinda puts a hole in your whole 'full mining PoW crypto projects are marketcap wise / rank performing better then governance / staking crypto projects' theory My "theory" isn't a theory at all, it's a comparison of the return on investment in the primary supply between Dash and 100% mined coins. Nothing to do with "fully mined" vs "governance" coins. Further, masternode margins are not used for "governance". In fact they're not used for anything at all that benefits the network, they are pure value drain and go into the pockets of holders, draining the capital value as they go. (Which is why Dash is always careful to express ROI in terms of "Dash" and not "USD", thereby omitting an entire element of the ROI = capital loss. Like cutting a diminishing cake into even thinner slices and saying you've got "ROI" cos you've got more slices). Okay, lets take a look at the ROI between Dash and 100% mined coins over the years :  Source : messari.io Calculated by adding positive ROI and retracting negative ROI, arriving at a total ROI between 2015-2019. Green is positive total ROI, Red is negative total ROI. % Down from ATH is excluded, as that is still in progress (2020) and is also not a ROI value i think. Time Period 2015-2019 Bitcoin : 1,460%Ethereum : 9,704%Bitcoin Cash : 69,15%Litecoin : 4,963%Bitcoin SV : 3,88%Monero : 4,932%Dash : 9,154%ETH Classic : 1,748%Zcash : -- Looks like Dash is ranking second (just under Ethereum), with regards to ROI. Something tells me when ROI of 2020 comes in somewhere in 2021, Dash will still be ranked second. |
|
|
|
DOT just moved the decimal 2 places and just like that the marketcap doubles. Many more people can stomach buying a $6 coin over a $600 coin...
This theory is deranged. Right now Polkadot is doing better marketcap / rank wise then Bitcoin Cash and several other full PoW coins (Litecoin, Bitcoin SV, Monero, Ethereum Classic, Zcash). This is a governance & staking crypto coin, that marketcap wise will be outperforming full PoW networks (where miners are in full control) for a long time i suspect. Governance
Polkadot token holders have complete control over the protocol. All privileges, which on other platforms are exclusive to miners, will be given to the Relay Chain participants (DOT holders),
including managing exceptional events such as protocol upgrades and fixes.
Staking
Game theory incentivizes token holders to behave in honest ways. Good actors are rewarded by this mechanism whilst bad actors will lose their stake in the network.
This ensures the network stays secure. Source : https://polkadot.network/This kinda puts a hole in your whole 'full mining PoW crypto projects are marketcap wise / rank performing better then governance / staking crypto projects' theory, does it not ? I also wonder if coinmarketcap is not throwing the door wide open for other crypto projects (that are currently very low listed on coinmarketcap) to do some redenominations on their own projects. In a few months we may not even regnonice coinmarketcap ranking anymore. Can you imagine Bitcoin SV doing some redenomination on their crypto project ? I would not put it past them, and it could set them above Bitcoin, marketcap / rank wise on coinmarketcap. Question for all : by allowing Polkadot to redenominate their cryptocoins and then processing that redomination data into their website, did coinmarketcap devalued itself with regards to marketcap and ranking ?  Source : https://coinmarketcap.com/ Source : https://coinmarketcap.com/coins/ |
|
|
|
To see marketcap of only coins : https://coinmarketcap.com/coins/To see marketcap of only tokens : https://coinmarketcap.com/tokensTo see marketcap of only DeFi tokens : https://coinmarketcap.com/defiThis makes my overview of marketcap per category and percentage down from ATH, much more easy to make. Since tokens include defi tokens, maybe next month i will just show two categories : Coins & Tokens. Interesting how Polkadot (DOT) gets pushed up on coinmarketcap by a simple redenomination of its original sale. Which suddenly provides Polkadot with a $4,9 Billion marketcap, placing it above Bitcoin Cash.  This page refers to New Dot which is 100x smaller than DOT (OLD) On 21 August 2020 at 16:40 UTC (block number 1,248,328), the DOT token underwent a redenomination from its original sale.
New Dot are 100x smaller than DOT (OLD). There is no difference between New Dot and DOT (OLD) except for their denomination. Source : https://coinmarketcap.com/currencies/polkadot-new/ |
|
|
|
|
It is the banks with their low savings interest rate that is driving people into researching other means to make a profit, to combat the devaluation of their fiat savings and fight price inflation.
Most will invest in the stock market, but more and more people are turning to crypto, because at times crypto can outperform the stock market and crypto if necessary can be used as a safe heaven.
Now with governments all over the world printing fiat money just to keep the economy alive that has been severely impacted by the Corona outbreak, this trend will only
intensify over the years.
Governments will introduce state-controlled cryptocurrencies, that will be centralized and under full control of the government.
Centralized stablecoins will continue to grow at an exponential rate and will at some point become TBTF (Too Big Too Fail)
The blockchain that can easily scale, can handle mass transactions traffic, will always have low transaction fees, settles transactions in seconds and is secure, will reign one day.
My hope is that this will be a decentralized blockchain, not a centralized state-controlled cryptocurrency or a centralized stablecoin.
|
|
|
|
Looks like someone is lending LEND (-13,96%) a hand, by dumping not as crazy as with UMA (-33,31) or Yearn.Finance (-24,76) Or am i posting this too soon ?  |
|
|
|
Well, after you mentioning first Dogecoin, then Ethereum Classic and now Zcash threatening to take-over Dash, i was not all that worried
(you can only cry wolf that many times).
I am just curious what Altcoin you will be mentioning next ?
Eh...in case you hadn't noticed we basically share the bottom of the marketcap barrel with all of the above. This is due to the fact that the market has revalued our scarcity downwards since we now simply inflate half our supply numerically instead of subjecting it to competitive mining. Not a highly valued practice if you're a mined asset. ahh, you are sticking with Zcash for now. I got it. Maybe third time's a charm. |
|
|
|
ZEC also took a major dump. qwizzie's breathin again  Well, after you mentioning first Dogecoin, then Ethereum Classic and now Zcash threatening to take-over Dash, i was not all that worried (you can only cry wolf that many times). I am just curious what Altcoin you will be mentioning next ? |
|
|
|
Damn, those DeFi Tokens are dropping like bricks today  Or maybe i should say they are selling like hot rolls   Lets take a look at Dash :   Not bad in that sea of red today. Bitcoin down -4% Bitcoin Marketcap Dominance : 56,9% |
|
|
|
So i have waves and I leased them a while back. I know for an entire year... i only got a few waves back on my leased waves. But now when i logged into the new waves wallet, im getting like a wave a week. So it seems like when checking it, you are getting like 5% on waves when staking. Now besides this, are there any other coins where you can stake and get interest like this?I
Currently there are a lot of coins that can be staked, and there are also many platforms that support it such as https://www.binance.com/en/stakinghttps://www.huobiwallet.com/en/staking/Staking in crypto is more profitable than saving money in a central bank Just rememember that crypto is not regulated and not insured. Banks are. Only invest with funds you can afford to loose. Do not overextend yourself. And be prepared for volatility, when dealing with crypto. Today is a good example of that crypto volatility. Personally i would avoid staking in hyped crypto projects right now. Wow! A lot of answers from our great members here.
I just finished the staking process from FX token and still looking for more.
Although, I am still contemplating if I should risk with a new coin or just wait for Ethereum 2.0 to happen.
Maybe some of us here are in the same position as me.
See : https://bitcointalk.org/index.php?topic=5273024.msg55114679#msg55114679 |
|
|
|
|
one 'is' too many in title
|
|
|
|
|
Show Posts
