Is it fair that DASH is worth the same as LTC?
No, I think DASH should be more valuable than LTC, but fair and rational is not what this market is. Price is determined by social groups, hype and how well connected the asset is. LTC has a defacto silver status to Bitcoin, while it is neither deserved nor earned, it just is, it has a larger social gathering than DASH, it has a cleaner perception than DASH, it isn't marred with privacy coin stigma, it is a part of grayscale trust. These things mean it is able to draw in more money than DASH. We need to recognise this and compete with LTC on the same terms, it will help with stealing back some market share. Oh and before Tok chimes in with how LTC is fully mined and DASH is only partially mined, no one cares about how the coin is emitted! What matters is the public's perception of the coin, hype and trust in the coin and how easy it is to take a position in the coin. LTC wins on those terms. |
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The value isn't retained in the network. It's bled from the network and goes straight into masternode pockets.
The value is retained. The miner is forced to sell to cover expenses, this constant sell pressure drives the price down, they have little choice in this matter, OTOH the masternode owner is not forced to sell and can hold onto those coins keeping them off market. In practice though, this does not happen because the mood on DASH is bearish and so the masternode owners sell the coins miserably, also we have a large number of masternodes run by exchanges using customer funds, eg Binance and they sell the rewards as additional profit for themselves. One of the things we can do to improve the mood is the pay more to the masternode owners, in doing so it would make the endeavour of running a mnode more enticing and draw in more investment which would lift the price and improve the mood which would then cause fewer MNOs to sell their rewards, since nothing is forcing them and the price would rise ever more. However, improving the mood in DASH is very difficult, DCG are tone deaf to the environment and as a software development company they sure do suck at delivering software, Evolution is still nowhere on the horizon, all we know for sure is it won't be delivered this year. The core wallet team are unable to even keep up with the Bitcoin backports as we are now 2 years behind Bitcoin, their new head of marketing seems unable to bust a move and they seem intently focused on the market in Venezuela which has proven to be a non-starter. Add to this the competition in the space from DeFi and innovations like HEX which is now the third ranked coin by market cap. and it is little wonder DASH finds itself where it is, sadly without material change in DCG we can expect more the same going forward. |
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For example, take the recent price drop from $200 to $165. How long would it take for masternode rewards to recover that capital loss ? Go on, work it out. I calculated it at around 3 years.
3 years to recover a capital loss that occurred in under 10 days.
This is why it is crucial we shift more of the funds awarded to miners to masternodes. Recall that miners have expenses to pay, that is electricity, rent, hardware costs and labour costs. Masternodes pay much less in infrastructure costs and thus the value is retained in the network. We really need to look at the expenses in running the network and bring them in line with the economics of the coin so we can stop this mindless bleeding out of value! |
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I get gobsmacked that you can justify this (which makes no net difference to demand - there are plenty of multiples of $160k floating around looking for a home with a return) yet you can't justify a change which makes a material difference to demand by exposing more of the supply to competitive bidding.
What's the brain block ?
Unit bias, people like to own at least one of something, so by dropping the collateral requirement of owning a MN, to 250D we suddenly give the opportunity of MN ownership to way more people than before and the capital will flood into the network boosting the market cap. We should also consider re-denominating the value of 1 DASH to under a dollar for the exact same reason, so regular people can easily accumulate DASH and boast they own a whole one, or perhaps several of them. |
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Make a Masternode from 100 DASH
And then money will flow like a river, and capitalization will grow!
I like this idea, but I think the collateral amount should be 250 DASH, that would give us about 4x the masternodes which is not too many to slow down the propagation of transactions, while making owning a whole masternode cheap enough for most investors and for those that can't afford a whole one, they can easily risk a few DASH in a custodian staking service like crowdnode.io. |
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Ah to break the silence... here just a quick update from my server auto-reset experience.  That works perfect!!! No runaway CPU usage anymore. CPU usage stays at around 10% on all nodes. Instead weekly I choose to go more agressive with a daily reset. The reason for daily: That way I don't have to check daily because it will reset anyway before any Pose can ever accumulate till up to a kick out. Yes with that frequency it might hit 1 or 2 server reset quorum/pose collition a year a node..(guesswork. it could be caclulated) but that's nothing to worry about. Pose is only a problem if your node does stay off for a few hours. Observed no Pose till now or missed it in case there was already a collition. I am very happy with that solution.  Man, this is great, can you keep us posted on this? I might add it to the dash masternode zeus since it does seem like the dashd has a memory leak when left running for weeks at a time. |
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blank reboot is not working. It has to be: { crontab -l;echo "0 0 * * 0 /sbin/reboot";}|crontab( Ignore the warning: no crontab for root ) (alternative: /sbin/shutdown -r +0) why the /sbin is required above but not for example for this: { crontab -l;echo "*/1 * * * * uptime > test.txt";}|crontabwhich writes the time into the test.txt file every minute and I used for testing I have no idea. Actually, you are correct and I forgot about this detail, the reason is the shell in the crontab is set up with only a few paths, and not the sbin location, so the command I gave would throw an error about the command not found and not actually work, the full path is needed, or an extra line added to the crontab to append sbin to the PATH variable.  Also, the reason I add crontab -l to the command I provide is so that it appends the reboot to your existing root crontab if it has one, if you are seeing an 'error' about no crontab for root, this is the reason why. |
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Ok, Zeus looks like it's working bootiful. Once you understand how the Dash-admin user works (+ need to issue a "protx update_service" transaction to re-sync the new IP).
Yep, I am planning on writing a guide on the forum on how to manage a mnode and all the keys without DMT, since I think we are moving to phase that out. Currently the core devs are working on a Governance tab in the core wallet, which is a DMT killer IMO. So, the ideal setup will be collateral on your ledger/trezor and all other keys on your core wallet. |
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Ah ok that's a point... can hit that short time span by chance ... Rebooting is fast though not sure how sensitve POSE is. It is likely close to never happening. I will see. I agree with this, a reboot takes about 20 seconds, you would have to be extremely unlucky to get a POSE score in that time. |
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Can you create me a short script or something that automatical will reboot my VPN note every week once? Didn't start looking up how I possible could do it but seems it can be done very easy on the node itself... if I knew linux  Sure, first login as root or sudo to root with once you are root, copy/paste this one line to add a line to your crontab to reboot the VPS once a week. { crontab -l;echo "0 0 * * 0 reboot";}|crontab you can check the crontab after it is done with and note a line with the word reboot should appear there. If you do this, it is important to make sure your dashd restarts after a rebooting, zeus sets this up. If you are not sure if it restarts, do the reboot yourself manually and check that dashd runs again once it returns. Rebooting once a weekly is not a bad idea because it frees used ram and clears out temporary files, but if your dashd is busy in a quorum when it reboots, this may get you a POSE score, so just keep note of that. |
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So Zeus not only installs the core downloads, it also creates an admin user to run it. I can see that can be handy but it makes things a bit confusing without clear documentation. (You're writing the documentation as we speak !) Yeah, it may not create the 'mno' user if your 'tokuser' is already there and has sudo. If the zeus is run directly as 'root' it will create a 'mno' user.
For example I already created an admin user and put them in the sudoers before I even decided where I was going to get the Dash installation packages from. (lets call it "@tokuser"). So when I downloaded zeus and ran it, it all ran under that account. Then if I "su" into your dashadmin user, as you say you can launch dashd and so on. But I hit 2 problems there:
1. if you need to sudo a command while in the dashadmin user, it asks for the "dash" user password (the one the installation instructions say "just type anything, it isn't too important to remember". So I didn't bother remembering it)
2. to access the Zeus status monitor you need to switch ("su") back to the account that zeus was installed into (in my case "tokuser")
Is this how you envisaged it being used ? (Not a criticism, just asking). Am I missing some steps ?
Not sure about this, you can check what user accounts you have on your system with awk -F ':' '/bash/{print $1}' /etc/passwd doing a from your tokuser or mno user (if it exists) should work with the password of the current user eg tokuesr or mno. Once you are switched to the 'dash' user to return to the previous one, you have three options type in or or hold control and press the letter D (my favourite). |
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It works bootiful. Very nice utility. That's what's needed, a menu driven thing (or simple command driven like Dashman that doesn't contain show stoppers like "sh: 18: nvm: not found" or where the instructions in the main Dash documentation look totally different from the Github docs).
Would be good to evolve. I hope you got paid for it (from the Dash DAO It sure is better value than Ben Swan's 2000 Dash studio). Could do with a bit more error reporting, for example it reports " Sentinel: Failed" but thats it. How does one debug that ? The log is kind of ambiguous and low level - nothing obvious. Block height is current. (ok, looks like the wrong privkey - I entered the old one instead of the blsprivkey). No, I didn't ask for money from the DAO to do this, just trying to enrich the community organically, it is an interesting project for me. There is an option to edit the dash.conf file from the menu, if you need to chance the bls key, in there would be the place to do it. You are right, there is not option (yet?) to restart the dashd. To do so, ideally reboot the VPS with or sudo systemctl restart dashd as the dashadmin user. There is no menu option to start or restart the node. Raw dash-cli commands don't seem to work in the shell, is this because you have to go through Zeus ? Does the node startup and shutdown in sync with the utility or something like that ? (It doesn't seem to. So need to launch it from the shell it seems but dash-cli commands are responded to by " dash-cli: not found"). Does one need to be in a particular working directory for "dash-cli" to be recognised ? Or run some shell command to have them recognised ? Where are the binaries even stored these days ? (Tried /usr/bin, /home/dash, .dashcore, zeus home folder etc). sudo systemctl restart dashd...seems to try to do something but on re-launching Zeus, option 2 reports "Dashd Down"  The dashd is running as the user called 'dash' so to run the normal dash-cli commands, from the dashadmin account, first run then as the dash user you can run all the standard commands eg note, not path or ./ is required. The dashd binaries are installed to /opt/ on the filesystem, this is a good place to store binaries which we plan on keeping multiple versions (for rollback). If after restarting the dashd or indeed rebooting the vps, the status of the dashd remains 'down', do check the log file, typically near the end, there will be a reason for the failure and it should be something you can fix, also, review/edit the dash.conf (from zeus) to ensure your BLS key is indeed the correct priv key. |
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What's the diff between Zeus and Dashmate ? You wrote it ?
Yes, I wrote it. The difference is it doesn't use docker/npm, both of which a major pain. DCG want to go with DASH=MATE because they are using the same technology to run the evo services, so they figured they would write the installer in the same stuff. I think both tools can be available for people to choose which they want to use. There is very little risk using the Masternode Zeus (DMZ) because the node doesn't really keep any secrets and certainly no coins, you can review the code too, I think it is easier to assess than the DASH=MATE code. If you end up using DMZ, let me know how it went. |
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Just trying to get docker to install is a feat in itself. Proving impossible. End up spending hours on stackexchange and askubuntu. Unable to fetch some archives etc. Ubuntu v15 too old I think. yeah, the masternode zeus does not require docker, it runs the dashd directly on the hardware. If you have an existing node, all you need to do is copy/paste the bls from your existing dash.conf, reinstall a fresh ubuntu 20 LTS over your current setup and download and run the zeus as per the instructions, when prompted just paste in your BLS key and the node will sync and come back up no issues. |
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You are nuts! I am actually in discussion with devs about increasing the anonymity in DASH. Financial privacy is a human right!
If you need anonymity, go to MONERO, it is stronger. Let bona fide and law abiding investors trade DASH on the South Korean exchange Upbit. Until you complete all FATF, KYC / AML / CFT recommendations DASH (Darkcoin) will not be allowed on the exchanges of many countries around the world. Trading volumes are minimal, the price does not grow, the rating is falling, and there is no investor interest. It is a fact! 1) What needs to happen for trading volumes to grow? 2) What must happen for the rating to rise? 3) What must happen for investors to queue up for the DASH coin? 4) What must happen for the price to go up? Firstly, I don't think more listings would rise the price, we need more hype and excitement to push the price up, things like integrations and more development will do that, secondly, I don't want to be part of a coin that appeases regulators. Cryptocurrency is a financial disruptor, it is the regulators that need to adjust not us. You sound like you are still stuck in 2015, trading is moving to the DEXes where AML/KYC FATF don't exist, instead of carrying on with this nonsense, you should look to ways we get DASH onto them and route around the issue. |
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You are nuts! I am actually in discussion with devs about increasing the anonymity in DASH. Financial privacy is a human right!
Fight for an idea! Human rights! We will turn the world! What loud words of a crazy revolutionary. And in fact, the price is hammered deep into the ass. You are wasting your efforts and resources on poor Venisuela. But at the same time, you lose the large Upbit market. Upbit - South Korean cryptocurrency exchange has DROPPED and will not launch your anonymous DASH coin again. 98% of investors are law abiding and will not get involved with the 2% of criminals who have occupied DASH and laundered Darkcoin money. There is no capitalization, money is directed anywhere in any one-day fraudulent projects, but not this piece of anonymous crap. Your financial confidentiality has led to the loss of investors and capitalization blown away. This is terrible! I'm sick of the dictatorship of idiots! I insist to get rid of 2% of idiots Darkcoin criminals who seized the project at the initial stage and to whitewash DASH. What you ranting about? Has your account been hacked? |
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Good day!
I propose to turn off the anonymity of the DASH coin and fully rehabilitate.
In the world, the vast majority of people are conscientious and law-abiding citizens, they will gladly enter the market for a transparent, clean and bright DASH coin.
DASH anonymity is supported by no more than 2% But the majority should not suffer!
It is reasonable to comply with FATF recommendations and obtain special licenses and follow KYC / AML / CFT procedures
With such a bold step, we will return to all exchanges and sharply break into the TOP 10
You are nuts! I am actually in discussion with devs about increasing the anonymity in DASH. Financial privacy is a human right! |
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This doesn't looks random to me but more like a systematic error. All behave the same way. Maybe a memory leak or something?
Yeah, bruz and a targeted one just at you.  Don't ask how they know it's you, they just know ! Meanwhile, copy your BLS key out of the dash.conf, reinstall Ubuntu 20 LTS and follow this guide to install it properly. Thank me later. https://www.dash.org/forum/threads/dash-masternode-zeus-replacement-for-dashman.51618/ |
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By offering a return on investment we are incentivising DASH ownership. Think of it like a bank, if the interest rate is high, you put your money in it to earn interest, if it is low or negative you take money out of the bank and speculate on meme stocks. By paying holders of DASH for holding we are creating a positive feedback loop there which creates an underlying demand on the coin. Currently a 1000 DASH earns roughly 6.5% more DASH after a year and that is not too bad for a completely trustless, rug proof protocol such the DASH masternode network.
You mention equilibrium, tok, but we both know markets overshoot to the upside and the downside, perhaps we've overshot to the downside with considerable selling from weak hands in the bull run of Q1 this year and now we will overshoot to the upside as this mania takes hold, that would be my guess.
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