2 DCR

LMAO. So much for Tezos' superior organizational structure  They sure showed silly old Core how to run a project.  Wow such meta-governance!

This fiasco provides an example of a governance model in a failure mode despite (or perhaps due to) being massively funded and then enjoying an BTC moon windfall on top of that.

L'affaire Tezos illustrates the crucial point that no amount of money makes up for talented, motivated, creative developers and a critical mass of community coming together in a viable ecosystem.

Like Tezos, Dash is falling badly behind in self-imposed development schedules despite having and endless supply of money to throw around.

The best devs are not for sale.  They work on whatever they want.  Nobody can buy them with ICO or Instamine shittokens.

The best devs tell people what they are going to do why they should be paid to do it.

Speaking of that, let's pat ourselves on the back for the Monero's FFS working out so well.

If you were excited and then disappointed about Tezos, check out Cardano.  If their Ouroboros staking schema works as intended, PoW may be obsolete.  This convinced me: https://www.youtube.com/watch?v=JwxVySVF-U4

This is not a Price Speculation thread.

Go here instead: https://bitcointalk.org/index.php?topic=1736249.0

0.14BTC

All decentralized cryptocurrency has this problem.  It is entailed by the massive trade-off Satoshi made of performance and efficiency for security.

But Monero is socially self-scaling just like Bitcoin in that as it grows in fiat value each tx can perform more economic work.

The ZOMG ALLCAPS SCAAAALING1! FUD was used by Chicken Littles to push famously failed projects like BitcoinXT.

The sky is not falling.  If you really want privacy to buy coffee, perhaps Aeon or PIVX will provide a substitute good until Monero's Layer 2 is ready.

Trust in marginalism and markets; the substitution effect and pricing mechanism ensure the supply of Monero tx is effectively infinite.

Thanks for that.  Good to know Barry's words don't match his actions.  NOTED.

Forcing GBTC holders to use their Bcash windfalls to build out GBCH for Grayscale is perhaps the *most* supportive thing Barry could possibly do for Roger Ver and Jihan's Bcash project.

GBCH will provide an easy path for Barry's bankster buddies to support Bcash miners (hello Bitmain ASICBOOST), so the controversially hard-forked chain may be subsidized with endless amounts of fiat funbux.

Glad you like the post.  You've raised excellent points as well.

My complaint is how much more it costs GBTC holders to create GBCH than it would to simply dump the Bcash on Kraken and/or Bittrex.

Let's avoid an outcome where we pay for the creation of GBCH but Barry gets all the profit and power from running it.

That may not be easy, since Grayscale is making every indication they intend to force GBTC holders to create GBCH for them by pretending It's The Only Way.

That's the latest version of what Barry & The Bankster Boys want to happen.

The original plan was to dump the Bcash ASAP and return the BTC profit to shareholders, as is their entitlement.

It's hard to tell what's happening because Grayscale keeps changing their story as it evolves from honorable intentions to outright embezzlement.

Grayscale originally announced it was going to do the right thing (inducing investors including myself to hold GBTC through the Bcash fork rather than sell it before).


But right after the fork, despite the large numbers of exchanges immediately facilitating the dumping of Bcash for Bitcoin, Grayscale started using weasel words like "considerations" and "concerns" to lay the groundwork for a future pivot.


Still, the "anticipated" plan is to dump Bcash ASAP and return the BTC to their proper owners.  This is just boilerplate saying it will take a while and please be patient, right?

Nope.  Here comes the pivot.  Now we see what Barry & The Boys were planning from the start of their anti-Core Bcash attack fork.


How nice of Barry to take our Bcash and weaponize it for his social, economic, and 51% attacks against Core.

I'm *sure* GBTC holders will benefit if Barry's attack works and Core is abandoned by devs not interested in working for the DCG and its Blockchain Alliance allies.

It's great Barry found a way to get us GBTC holders to pay for the 10s millions of dollars it takes to get something like GBCH designed/lawyered/approved/implemented/insured. /s

$20,000 is cheap compared to a $300,000 Dash Masternode.

The race to digital cash is on!  Will Dash or Bcash win?  Will having the highest CONOP (IE least decentralization) be Dash's secret weapon?

I already committed to the position that GBTC's Bcash/Bgold/Bcash2X/Clams2X/etc. should be sold dumped for BTC ASAP, so please STFU with the "people like you" accusations.

If Barry was not using Bcash misappropriated from his investors to start his Bcash Trust, you would certainly have a great point about potential for "thousands of hard forks."

But that's not the world we live in.  Here, Barry *is* actively maneuvering to claim (rather than ignoring) GBTC's Bcash, but in a way that furthers his personal war against Core using other people's money rather than helping GBTC do its job of maximizing investors' BTC exposure.

You may find "justification to expect obligations regarding Bcash" by simply reading the press release about how/why/when Grayscale intends to distribute Bcash Trust shares to those who held GBTC at fork time.

Now that we've established Bcash obligations definitely exit, re-read the bit you omitted from my previous post.  Here, I'll make it easy for you to see the Important Words.


It appears the rest of us are arguing about specific details (IE DGC-vs-Core-based conflicts of interest and maximizing investor BTC exposure) about proper management of GBTC's Bcash obligations while you're still stuck trying to understand why they exist in the first place.

If Barry weaponizes (at cost to neutral investors) GBTC's Bcash and Bcash2X coins for use in his parasitic conglomerate's asinine war against Core, it will not go well for him.

GBTC investors should not tolerate Barry abusing his position of trust to further his private interest (DGC firing Core) and thereby depriving GBTC of profit his skill and ability might properly bring it.

If we vote to condone spinning off every anti-Core hard fork into a new Trust, I'll be happy to cash out my 2000% profit and buy more gold/silver mining stocks.

Dr. Craig Wright's (AKA Satoshi's) point still stands: Dash and bCash are competing to be digital cash.

But Dash has a market cap artificially inflated by a low circulating supply, induced by the Instamine and compounding stake from the 1000s of Masternodes the Instamine was locked up in.

Dr. Craig Wright PhD. AKA Satoshi Nakamoto is the inventor of Bitcoin and knows what he's talking about.  Dash is lucky to have his endorsement, it's a great honor!

Dash and bCash are obviously competing to be 'digital cash.'  Right now, bCash is winning because it has zero-confirmation transactions and Dash's InstantSend is broken beyond repair.

Who are you to tell Satoshi he's wrong?

You are so ignorant you think Dash "is built from scratches" without realizing Dash is a fork of Bitcoin JUST LIKE BCASH.

You are so ignorant, you think Dash's market cap wasn't artificially inflated by the Instamine JUST LIKE BCASH.

When Satoshi speaks, you need to listen more and talk back less.

LMAO remember when Monero was under $1 and the GUI wallet was still off in the furthest reaches of Soon?

ETC will use Cardano's gorgeous new Daedalus wallet.

Duplication of effort is bad, m'kay?

GBTC exists for only one reason: to provide an investment vehicle for exposure to Bitcoin.

Thus, Grayscale's fiduciary duty requires they preserve and maximize their investors' exposure to Bitcoin.

Grayscale should have sold their Trust's Bcash as soon as possible and returned the profit to investors in the form of Bitcoin (like a dividend reinvestment).

A single unit of GBTC represents <0.1BTC and that number inexorably dwindles as management fees are collected.

Bcash offerd GBTC an opportunity to restore all accumulated management fees plus a healthy bonus, meaning 1 unit of GBTC could have been worth >0.1BTC.

I was shocked to discover Barry Silbert instead chose to use his investors' money to play political games and sacrificed the free airdrop money for the sake of his notably unprofessional personal crusade against Core and their socioeconomic majority of users.

I'm 99% sure that's a regulatory violation if not also criminal embezzlement; I never gave Barry permission to use my share of GBTC's Bcash to create an entirely new Bcash Trust.

Going by the Wiki definition of embezzlement, Barry is going to fry for pulling this stunt.


Imagine some whale had 1000BTC worth of GBTC and thanks to Barry's scheming malfeasance lost the chance to gain 100BTC from his free, airdropped Bcash.

In what universe does that whale not call up his legal dept. and release the hounds?

The second paragraph is especially damning of Barry's notably perfidious intrigues in support of controversial hard forks:


IIRC, Grayscale initially announced they were doing the obviously right thing (liquidate Bcash ASAP, then return Bitcoin to Bitcoin Investment Trust investors).

But then Barry saw another way to profit from his DCG's war on Core, and we've all noted how much that guy loves marketing toxic assets like Bcash.

 

I've already asked you to keep price speculation in the proper sub.

Do you understand that this [ANN] thread and the wider Announcement sub are *NOT* for price speculation and troll box chatter?



Just STFU about what the price is RIGHT MEOW.  Your idiotic opinion and pumping belong in the Price Speculation sub, OK?

If you don't stop spamming the thread with off-topic price update/speculation you may be reported to the mods.

Last warning.

Monero is stupid cheap when its market cap is less than 1/2 of Litecoin's.  I'm refilling the bags I emptied at >0.03BTC.

In a year from now, kids won't remember how the world worked before Kovri+Aero+multisig+StringCT+Ledger+Coinomi...

0.18BTC

OK, here's a few things whe didn't know yet.

0.165BTC

How great Dash supposedly is going to be 5 years from now will become a permanent vaporware pipe dream if you keep failing to handle the NOW situations. You can't keep delaying because it's not perfect. Yet. Still. Again.

There's always something. You can't let every little thing be an excuse to refactor the whole plan. Again. I know re-doing it later can be a pain, but this isn't the tiny project it was 3 years ago. And no doubt, there were good ideas and good reasons.

But, it still leaves you with the problem that your CURRENT product is a fucking disaster.

Sometimes you simply have to follow through with a plan, any plan, even if you know there's a better way; simply to do something, anything at all.

When it was future-looking and making progress, that was forgivable.

But, now... It's even more future-looking, and the main feature is currently disabled... Mixing change issue has a PLAN to be fixed, but it was never implemented. DASH has basically become litecoin with two kinds of mining, and the "leaders" think that the problem is not that their heads are in the clouds, but that they need to get even higher...

It's like watching democrats slap each other on the back: "The problem is not that we're unforgivably retarded and evil, the problem is that we're still not retarded and evil enough!"

You've got to deal with reality, not talk about how great its going to be someday in the distant future.

A day which will never come if you don't deal with reality right now.

Frankly, Ryan's speeches make me roll my eyes. And, it's not because I dislike him, or think he's a dick, or holding a grudge for how he backstabbed Solar and myself the same way he's doing it to yet another project in of the same sort. It's because I've learned to call BS on heady, bloviating, "our vaporware is the best vaporware" crap ages ago. It might impress those with no experience, but it's a red flag to anyone who's been around the block a few times. If you've run any business for more than 15 minutes, you've heard this crap before and it's a warning sign if ever there was one.