Dash is lucky to have a Dash spokes person like Ryan Taylor, who has such an articulate and easy to follow language style. In some ways i find him even better then Evan Duffield, when he was still active as a Dash spokes person (first few years). Ryan is always to the point, is very good at explaining things in normal plain English and almost never lose track of any question that he is addressing. He may not have the charisma of a Roger Ver, but he does have his own style and i think it works for a hype-free crypto project like Dash. Same for Amanda B Johnson, who i wish could be deployed as Dash spokes person more. We could use some new Dash Detailed type shows of her, with a focus on Dash Platform for example and on new Dash developments. Here is a little flashback of her reporting on Dash first DDoS network attack : https://www.youtube.com/watch?v=IkKKRJLeDBACultivating and maintaining their role as Dash spokes persons would benefit Dash i think. I am not sure if Amanda still sees herself as a Dash spokes person though.
|
|
|
Reddit DashUncensored is a Monero-initiated Reddit troll thread, designed to troll Dash. It has been created by dnale0r (( https://www.reddit.com/user/dnale0r/), who is not only a known Monero fanatic but also a known troll. I know the troll part of him not only by this forum but also because i met him once at the Bitcoin conference in 2015 in The Netherlands, where he was trying discredit Dash during a Dash presentation. Which means he is both a forum troll and a troll out there in the real world. Be aware of people referencing Reddit DashUncensored and be aware of the tone of discussions taking place there. It is just a Reddit thread that Monero community members like to use to discredit Dash. You will find few facts there, just a whole lot of Monero-driven opinions about Dash.
|
|
|
Chainlink and Dogecoin are the real winners for the past 2 weeks. The fact that LINK was able to get to top 10 really proves their worth. Something that we should watch out for too is Symbol by NEM. It is an advanced blockchain evolution by NEM and they'll be having a 1:1 airdrop for all XEM holders so it's going to be easy coins/profits for sure. I don't call a large Dogecoin pump and dump scheme a winner, i call it losing value in the long run. They sure are trying out some pretty desperate techniques in an effort to prevent that. TikTok user to TikTok followers : 'lets all get rich by investing in Dogecoin', really? This latest pump and dump scheme will most likely put Dogecoin way below 0.00000022646, it is only a matter of time.
|
|
|
I feel there is little point for me to discuss this any further, people will just have to deal with the outcome of the block reward reallocation decision proposal in their own way. If people want to ventilate their frustrations about it on this forum that is fine, but personally i'm done with this specific discussion. It is not a bad thing to re-evaluate a crypto project once awhile, to see if the project goals still aligns with people's own expectations about that crypto project. I am not sure if now would be such a good time to re-valuate that alignment though, with pretty much all the Altcoins in a bear market and emotions running high.
|
|
|
Block Reward Reallocation Decision Proposal Status Voting Participation : 908 votes Voting Deadline : 10 Days
|
|
|
Where do i find this research? Where did Ryan publish his models of masternode numbers and how adjusting reward allocation influences the curve? I have asked this before. I would like to study the research. All I have seen is handwaving arguments about reducing circulating supply
Ryan did a lot of linking in his proposal description ( https://app.dashnexus.org/proposals/decision-proposal-block-reward-reallocation/overview). The video presentation of his research and the proposed changes can be found here : https://www.dash.org/forum/threads/dash-economics-discussion-series.50278/ If you need more specific sources, then i suggest you ask for that in that thread. Where did peercoin go wrong? Qwizzie, sometimes a project doesn't recover from a bear market. I've seen good projects end up worth nothing, hundreds of places down the rankings. Not dead but not really alive. Dash can fall and fall there is no divine right to recover. Many good projects will not. If anyone is panicking at the bottom of a bear market it is Ryan and the yes voters. The problem is incorrectly framed as a circulating supply issue. It is not about that. The supply is predetermined. Like any asset all are free to circulate. We shouldn't try to influence free market that way. It never goes as planned. As tok is saying proof of work is not entirely about securing the network. Dash is ignoring well established monetary forces especially scarcity.
You are certainly entitled to your own opinion. As is Toknormal. I just don't share that opinion and looking at the support that the decision proposal is getting, not a whole lot of people with a staked long term investment in Dash do.
|
|
|
well Monero goes away... Not Marketcap, but PRICE. As Talk says WAKE UP!
Here is a chart which compares Dash price in USD (blue) with Monero price in USD (red) over time : Source : Tradingview, 1W interval, Poloniex Looking at the chart i think that Dash and Monero are following each other with regards to price pretty closely, ever since late 2019. This has been going on a long time, not something to suddenly wake up about or stress about. Price of both coins is basically going sideways. So Dash was once 10 times more valuable now back to a similar price. Where did Dash go wrong? Where did all these Altcoins go wrong ? It is a bit unrealistic from people to expect the price of their crypto project to just continue to rise or stay at a certain price level. Cryptocurrencies have long term cycles, have bear markets, have corrections, have bull markets. They are cyclical of nature.
|
|
|
Something tells me a lot of Altcoins are still deep in a bear channel: The proposed blockreward allocation change is not a direct answer to our current bear market position. It is intended to improve Dash economics over the next 4 1/2 years. Time will tell if it works or not. We can do nothing and then later get punished for having done nothing or we can do something and see if that works or not. I rather prefer we do something. Something that has been researched and defined very well. Something that will get evaluated for effectiveness.
|
|
|
well Monero goes away... Not Marketcap, but PRICE. As Talk says WAKE UP!
Here is a chart which compares Dash price in USD (blue) with Monero price in USD (red) over time : Source : Tradingview, 1W interval, Poloniex Looking at the chart i think that Dash and Monero are following each other with regards to price pretty closely, ever since late 2019. This has been going on a long time, not something to suddenly wake up about or stress about. Price of both coins is basically going sideways.
|
|
|
Evan left Dash in the hands of a team ... what has happened to Dash since then?
Good luck and greetings
A lot has happened to Dash since then : Note : each of these little text fields can be clicked on in the actual roadmap to provide more details. The actual roadmap also includes update v0.15, but that could not fit in my screenshot. Link to actual Dash roadmap : https://www.dash.org/roadmap/Evan never had to deal with a three year long Altcoins bear market, coming down on us all hard. Or had to deal with the corona virus outbreak spooking institutional investors, who started to classify crypto assets in general as being too risky at the time, thereby prolonging and strengthening our Altcoins bear market. Evan also did not have to deal with an expanding Dash circulating supply growth and the problems that come with that. Circulating supply growth problems that only really started to emerge after he left. I understand that these are troubling and emotional times to people who are monitoring Altcoins on price, marketcap and marketcap ranks, but just keep in mind all bearmarkets at some point will come to an end. We had one hell of an Altcoins bull market in 2017 and the market re-balanced that by giving us all an even larger one hell of an Altcoins bear market. Learn from this. Don't over invest next time. Build-up reserves. Have patience. And most importantly : don't let your emotions cloud your judgement during bear or bull markets. These are difficult lessons to learn for sure, i am still learning them myself.
|
|
|
I would welcome a fork. I don't think the idea deserves the hysterical response given by some on here. The days of fork fear meaning doomsday for a project should be past us now. Bitcoin hasn't suffered as many feared, it has had numerous forks by now.
Everyone must acknowledge Ryan's proposal has a real (not imagined) risk that it could be wrong. I am sure Ryan himself would admit this possibility even if he thinks it remote
In the event of a fork
Ryans idea of altering block rewards can be tested in BOTH directions, sliding the scale towards more proof of work and in the 'main' fork more proof of stake as per the current proposal ALL dash investors would receive both types of Dash. You lose nothing. ALL masternode owners get to run masternodes on both forks. You gain masternodes ALL dash investors get a chance to 'vote' by exchanging one type for the other if they wish THE market can decide where the value flows Valuable information learned about crypto/masternode economics Lots of publicity.
Good luck with entertaining those thoughts Of course you are free to create a decision proposal for the network about this, though i doubt it will gather much support. I suspect most masternode operators will choose for project stability and will vote against any kind of dramatic community-dividing hard fork idea.
|
|
|
With our annual blockreward allocation reduction of -7,1% those 'more Dash for me' becomes 'same Dash for me' pretty quickly. This is not even about 'more Dash for me', it is about less circulating supply growth for all of us and less inflation for users.
|
|
|
Customized Top 25 in marketcap, ranked according a specific category. This is how coinmarketcap should show marketcap and ranking in my opinion. Source : messari.io Note : This does not change how i feel about marketcap or ranks, i stlll think marketcap figures are too abstract and not all that interesting. Marketcap figures will most likely keep increasing over time (long term speaking) as this whole crypto market is still a relatively new market that keeps on expanding. The decline in marketcap for most of these Altcoins is therefore in my eyes just temporary and occurs mostly during bear markets. Crypto marketcap will be a continuous case of fluctuation between expansion (bull market), retraction (bear market) and further expansion (bull market). Only those crypto projects that are no longer supported or missing a specific use case or created to fraude people, i could see having a continuous decrease in marketcap over time (ICO's for example). What i do find interesting is the 'Down from ATH' %, specially when comparing Dash performance with other Altcoins performance during a bear market. Is it not striking that crypto currencies with a much higher marketcap then Dash (lets take XRP for example), are showing pretty much the same 'Down from ATH' % as Dash ? What does that tell us about using only marketcap to rate and value a cryptocurrency ?
|
|
|
Top 25 in marketcap, ranked according its specific category. This is how coinmarketcap should show marketcap and ranking.
|
|
|
Imagine being here on this date (2014) and buying dash.
Dash is one of best altcoins for me. I was using it for my transfers.
Nice to hear that.
|
|
|
|