I wonder why the masternodes upgrading seems to have stalled
I would say slowed down, not stalled. It looks like each day the number of masternodes that have updated to v0.16.0.1 increase a little bit (it is now at 78.6 so an increase of 0.1 %) Once we hit 80% and spork 21 gets activated after 7 days and masternode operators will get hit with PoSe scores / get PoSe banned, i expect posts to emerge about those PoSe bans and what to do about it. I regard those masternode operators not yet updated (18.8%) as out of touch masternode operators, that are perhaps not aware there is an update out there that they need to implement. |
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Miners Update Progress Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (V16.0 Adoption) This can fluctuate a lot and will need two separate time windows of 7 days. One to lock-in the blockreward allocation change and one to activate it. Masternodes Update Progress Source : https://www.dashninja.pl/deterministic-masternodes.html80% updated to v0.16.0.1 will be needed, followed by at least 7 days to give masternode operators the chance to update, before spork 21 will be activated and masternodes with older versions will start to get PoSe scored and ultimately PoSe banned from the network.
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You are aware that Dash Locked Staking on Binance is limited to 50 Dash ? Difficult to see that eating up the capitol value of the chain and spitting out masternode pockets, as you suggest. You seem to have interpreted that post the wrong way around. It's the trustless masternode rewards that eat the capital (because they come straight out of the chain at zero difficulty). Not the staked Binance capital, which generates a return based on economic activity external to the chain which therefore ADDS to the capital value of the chain. You are right, i misinterpreted your post. With regards to a certain someone saying that Dash locked savings does not have 90 days / 7,12% https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb-DASH-Added-to-Customizable-Locked-Savings-on-BinanceThat 90 days is just not always available. Those that invested in this awhile back are still in that 90 days subscription, it is just that for now others can't join those 90 days (or 60 days, or 30 days). Maybe once it expires, a new one opens up. Subscriptions will close on a certain product once the maximum limit is reached.
Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management. |
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if it's the case that the return on staking at Binance is indeed due to the balance being actively traded (which I'm not saying it does, but if it were) then at least that ROI has some real economic basis. That is to say the return comes from OUTSIDE of the Dash ecosystem and nourishes it rather than coming from the blockchain itself, thereby eating up the capital value of the chain and spitting it out into masternode pockets without them having to replace that value (in the way that, say miners do).
Just something to think about.
You are aware that Dash locked staking on Binance is limited to 50 Dash ? Difficult to see that eating up the capitol value of the chain and spitting out masternode pockets, as you suggest. There are also locked staking options for many other Altcoins on Binance, most likely with the same limiting max to deposit. It is the locked savings on Binance that have higher max to deposit, but provide lower ROI in the long term (90 days / 7,12%). Which is not even always available, sometimes only 7 days are available, which then gives lower ROI then masternodes. |
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<...>
Thank you for the kind and very detailed explanation! Now it all makes sense. This move from Binance is risky in my opinion, but is their risk and as we all can see it paid off until now. Anyway I will take off my coins from there after my lock period will end, because I saw what happened with OKEx withdrawals and the Huobi rumors. Maybe, MAYBE I will try StakeHound, but I don't trust them either, furthermore since their platform is too young. I would not recommend taking advice from thunderjet, simply because he does not know what he is talking about most of the time. He spread FUD about Dash being centralized, FUD about Dash market performance (without taking into account the general Altcoins market performance), totally disregards Dash traded volume and provide figures in posts that just not make any sense. Link : https://bitcointalk.org/index.php?topic=421615.msg55490250#msg55490250 Note : you were talking about Dash Locked Savings 7.12% for 90 days and he replied to you with my info about Dash Locked Staking 17.67% for 10 days. He really does not know what he is talking about. There is indeed a difference between Dash ROI through masternodes (5.62% annual), which in most cases* is decentralized and trustless of nature and in full control of masternode owners and ROI through Binance Locked Savings (7.12% annual, 90 days), which is part of Binance Business plan and a centralized form of exchange staking. * There are also Dash masternodes sharing services that offer 5.62% annual, but they are often not trustless of nature. Why Binance can provide such high staking ROI to a lot of Altcoins (not just Dash) is anyone's guess. I would guess Binance wants to attract new users and grow their exchange. As i mentioned to thunderjet, Binance also offers much higher ROI (17.67% for 10 days) for Dash Locked Staking, but that seems to have an upper limit of (i believe) 50 Dash. Dash Locked Savings on Binance has a much higher upper limit of Dash to invest, but the drawback is a somewhat lower ROI. Also not every time duration is available on Dash Locked Savings all the time. In the end it is up to you to determine if you can trust Binance with your Dash and to do your due diligence on them. I have not seen any signs that Binance (International Branche, not Binance USA) can not be trusted. thunderjet on the other hand is the last person i would trust. Do you own homework and do not rely on the post of one very ill-informed person on some forum. |
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I have them on ignore with a few others, it makes it so much of a better experience when browsing this thread when not having to read the nonsense that trolls and those wanting to spread negativity are posting.
I have Dahaa on ignore, but somehow i have not yet put Alexey45 on ignore (don't ask me why not, i have no idea). Something tells me that will change very very soon. In the mean time i do feel a bit conflicted about the whole ignore / not ignore thing. Below message does not really apply to Alexey45, does it ?   |
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Previous post 31st of march 2020, talking about a long summer sleep for this little Russian troll  Glad to have you back Alexey45, now Dahaa finally has someone to troll talk to .. in Russian. Dahaa & Alexey45, our little Russian troll-twins reunited once again.  This is the second time that i have given you two a round of vodka shots, next round is on you guys !! Don't be cheap Russian trolls, show some generosity. |
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I see you are still trying to show the doubters how wrong and misguided they are but those that want to dismiss it and stick with their own views will continue to do so no matter how hard you try to enlighten them. DASH is doing well but some see something different. On a side note, the one that stands out from the image was in the tokens section: Chainlink. How much longer with that drama go on before the whole thing collapses on itself? And "crypto.com coin" is another joke, the team behind the Monaco card which was renamed crypto.com decided they did not make enough to make themselves rich with the ICO that launched the card so they created "crypto.com coin" and sold more tokens under the guise of blockchains and whatnots  Good to hear from you JollyGood. Yeah, it is a thankless job but someone has to do it  Tokens projects are not really on my mind these days, i just show them to indicate their marketcap and ranking in their own category. Here is a long term chart, to illustrate how remarkably stable the Dash price has been :  Source : tradinview (monthly interval, USD) Bottom is at $31,37 dd 1st of March 2020 and we are currently re-testing that bottom. Although with our current price of $65,27 and our very low price volatility we are still far away from actually re-testing that bottom. Patience is all we need right now. Some have it, some don't. |
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Monthly Change % : -0,03%
Price Down from ATH % : From -95,71%
To -95,73%
Monthly Change % : -0,02%
Bitcoin Marketcap Dominance : from 57,5%
to 63,6%
The price for last month is not bad, not change negatively from previous month. Volume is very low in the last month. I can wait for the flight to above $100 next year. https://coinmarketcap.com/currencies/dash/I have adjusted my overview to include a '-' to negative percentages in 'Monthly Change %'. So there is now color differentiation and '-' to see if it is positive or negative percentage. That should make things more clear at first sight, in the overview itself. But considering how small the 'Monthly Change %' is for both Dash marketcap and Dash price % down from ATH, it is very minor. Dash almost acted like a stable coin this last month  Specially when you compare Dash (-0,02%) with Tezos (-9,60%) or Binance Coin (-5,25%) or Bitcoin SV -3,32%). |
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Top 20 Crypto Assets, ranked according marketcap and category Source : https://coinmarketcap.com/coins/https://coinmarketcap.com/tokens/https://messari.ioDate : 1st of November 2020 Previous Top 20 Crypto Assets, ranked according marketcap and category : https://bitcointalk.org/index.php?topic=421615.msg55293078#msg55293078Date : 1st of October 2020 Dash decreased marketcap and increased its 'Down from ATH' price percentage Marketcap : From $687,911,254 To $687,734,681 Monthly Change % : -0,03%Price Down from ATH % : From -95,71% To -95,73% Monthly Change % : -0,02%Bitcoin Marketcap Dominance : from 57,5% to 63,6% Next Top 20 Crypto Assets, ranked according marketcap and category overview : 1st of December 2020 Planned Time Interval : Monthly
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 So strange to see that some people are actually willing to sell a large portion of their crypto at the very height of an Altcoins bear market (when Altcoins prices are low). I have been doing the exact opposite, buying on the open market where i can and staking that Dash where i feel that can be done in a somewhat secure way (trusted solutions like Binance or StakeHound or other services are of course not without risk, only invest what you can afford to loose). Well, good luck with your sell decision afbitcoins. Time will tell if that was a wise move. I guess you gave up on the 'selling during the first big Dash pump', that you previously announced. And thank you thunderjet, for making me take a closer look today at Dash locked staking on a certain exchange. One last thing i forgot to mention from the Dash Core Group Quarterly Call : Dash Platform & DashPay are scheduled to be launched on Dash Mainnet in Q1 of 2021. To those wondering what Dash Platform is, here are 5 very short videos explaining what Dash has been working on for the last 5 years, and which is getting close to release on Dash Testnet (Q4 2020) and on Dash Mainnet (Q1 2021) : Dash is Becoming a Cloud | Dash Platform #1https://www.youtube.com/watch?v=9WqUMrIN58QWhat is Dash Drive? | Dash Platform #2https://www.youtube.com/watch?v=14N5pnl5W0YWhat is Dash's Decentralized API? (DAPI) | Dash Platform #3https://www.youtube.com/watch?v=S0pq-qOu9cQUsernames & Dash Platform Name Service (DPNS) | Dash Platform #4https://www.youtube.com/watch?v=qQ4WikHu32EWhat is Dash Platform Protocol? (DPP) | Dash Platform #5https://www.youtube.com/watch?v=y8LDANH6Ggw&feature=youtu.be |
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Bitcoin price hit $14,100 today and is currently correcting at $13,863
This could get volatile again for Altcoins & Bitcoin, if Bitcoin manage to flip the $14,000 range into support.
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Looks like toknormal does not have an answer for why new investors would not see a capital gain return on their own investment, as described in my previous post. Because pulling numbers and assumptions out of your a**...." lets imagine, lats assume" is not something that's investible. Seeing what the market is actually doing, how it prioritises store of value and responding to it constructively instead of dogmatically....is. Thank you for confirming you have no answer to that. So much for that particular assumption of yours. Next assumption please, i may as well shoot holes in them while i am still online. |
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I don't think the market could absorb the massive onslaught of sell pressure from all the masternode owners who became masternode owners largely in part because of the 5-6% ROI in DASH. Indeed. Those masternode owners have kept Dash's capital value alive. They are the the reason that new investors buy Dash because they want to keep those masternode profits populated with dollars, even though the new investors will never see any capital gain return on their own investment because it all goes towards funding masternode returns. But we would of course still not want to see those masternodes go. Lets say new investors buy 500 Dash for $70 at the open market and put those 500 Dash on Binance to collect 7% revenue. Lets also assume that those investors don't have a need to sell that 7% revenue at Dash current very low price. Lets also assume Binance is putting that 500 Dash and other people's Dash into setting up new masternodes. Now lets assume the price goes up to $75, how does this lead to a situation of that new investor not seeing a capital gain return on their own investment ? Price could even stay at $70 and those new investors will still see a capital gain return on their own investment, due to the revenue increasing their capital. Both calculated in FIAT and in DASH, there would be a capital gain return. In the situation when Dash price is constantly declining for 3 consecutive years it is extremely unlikely that it will attracts any serious investors.Especially for collecting 4.19% interest on Binance( Binance gives now just 7 days option) Even though i find it difficult to take you seriously after you posted that 'total Dash on Binance is between 8,000-10,000 Dash' and admitted to using the sum all of sell market orders on Binance to estimate that (see : https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180), i will give it a shot nonetheless : Binance has both Locked Savings and Locked Staking :  Source : Binance Currently limited indeed for 7 days only. Hopefully Binance will make the other duration options available again over time.  Source : Binance Currently 17.67% for 10 Days / 7.39% for 30 days / 9.11% for 60 days / 11.03% for 90 days. Personally i know nothing about Locked Staking on Binance, i just know about Locked Savings. Either option will need to be carefully researched by those interested. I would not surprise me if both options turns out to be a form of locked staking in essence, just defined a bit differently and one having more flexibility. Also locked staking seems limited to 50 Dash, locked savings has a much higher limit. With regards to market performance, pretty much every altcoin out there has been declining over the last three years, that is why you see so many altcoins currently between 90% & 96% down from ATH price. Link : https://bitcointalk.org/index.php?topic=421615.msg55468898#msg55468898I don't even think you are invested in Dash anymore, as you mentioned in your earlier posts. Why stay invested in something, you don't think will attract any serious investors ? Looks like toknormal does not have an answer for why new investors would not see a capital gain return on their own investment, as described in my previous post. It is difficult to respond to, i understand. |
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I don't think the market could absorb the massive onslaught of sell pressure from all the masternode owners who became masternode owners largely in part because of the 5-6% ROI in DASH. Indeed. Those masternode owners have kept Dash's capital value alive. They are the the reason that new investors buy Dash because they want to keep those masternode profits populated with dollars, even though the new investors will never see any capital gain return on their own investment because it all goes towards funding masternode returns. But we would of course still not want to see those masternodes go. Lets say new investors buy 500 Dash for $70 at the open market and put those 500 Dash on Binance long term (for at least three months), to collect 7.12% Dash revenue.  Source : https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcbLets assume that those new investors don't have a need to sell that 7.1% Dash revenue (which they only receive after three full months of staking) at current low price and lets assume that Binance is putting that 500 Dash and other people's Dash into a combined pool, dedicated on setting up new Dash Masternodes. Now lets say the price goes up to $75, how does this not lead to a situation of those new investors seeing a capital gain return on their own investment ? Price could even stay at $70 and those new investors will still see a capital gain return on their own investment after three months, due to the 7.12% revenue in Dash increasing their capital. Same situation described above can also be applied to StakeHound, who actually confirmed to setup masternodes with the staked Dash (for Binance that is only our assumption, we don't know for sure). Only difference between Binance method and StakeHound method, is that Binance offers higher revenue and has perhaps a better reputation as being such a large international well-known exchange to new investors. I think it somehow still comes down to taxes, which is setup differently in every country. You seem to only focus on those countries that need to deal with cryptocurrency as subject to income tax (US / others) and neglect those countries that deal with cryptocurrency as subject to property tax or private money (Europe / others). When looking at capital gain return from a property tax perspective / private money perspective, it seems very clear to me how new investors can see capital gain return on their own investment. Even from an income tax perspective, i have difficulty grasping why new investors would not see capital gain return on their own investment, in above described situation. |
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That is a fast increase from miners signalling readiness for v0.16  Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (V16.0 Adoption) Even faster then masternode operators updating to latest version. Although not faster by a whole lot, as masternodes are at 77.1%. Maybe just maybe this will all be activated (both spork 21 & the blockreward allocation change) end of November after all, fingers crossed. Note : miners signaling readiness for v0.16 in their mined blocks, is still subject to heavy fluctuations. |
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Great news emerged from the Dash Core Group Q3 Quarterly Call today !! Not only will Dash Platform be released on Dash Testnet end of this year, DashPay Mobile app / Dapp will also be released on Dash Testnet end of this year. Here is a screenshot of the updated Dash Roadmap :  Source : https://www.dash.org/forum/threads/dash-core-group-q3-quarterly-call-29-10-2020.50832/#post-223850This means we will finally get our hands on DashPay (through testnet) very soon. Not so great news is that Fernando announced his resignation as CMO (Chief Marketing Officer) within Dash Core Group, during the quarterly call. His position will need to be filled by a new CMO. Fernando will stay involved with Dash and will remain in the board of Dash Core Group, but he will not be CMO anymore for Dash Core Group. I wish Fernando all the best. |
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Perfect example of toknormal advancing his campaign of promoting his market assumptions, market theory and market opinion in every post and ignoring posts about his personal low level attacks on masternode operators (even though he is a masternode operator himself, so in a way he is also attacking himself). This of course makes discussion impossible, all it does is make his posts repetitive and of little added value.  Dash Core Group Q3 Quarterly Call - 29.10.2020Source : https://www.dash.org/forum/threads/dash-core-group-q3-quarterly-call-29-10-2020.50832/#post-223933*** Will be a livestream *** Time : 16:00 UTC (in about 5 hours from now) If you are new to Dash, this will be a good opportunity to get up to date with Dash. See where Dash development is focused, what Dash strategy is and get a clear picture of the financials of Dash Core Group. I find these quarterly calls informative and interesting to watch. Miners increasingly signal support for v0.16.0.1 Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (V16.0 Adoption) Note : this is still subject to heavy fluctuations, but looks very promising. Goal currently is reaching 79.22% of the mined blocks signalling readiness for v0.16.0.1 after which two additional 7 days time windows start (one after the other) to both lock-in the blockreward allocation change and to activate it. Masternodes updated to latest version 0.16.0.1 also (slowly) increasing Source : https://www.dashninja.pl/deterministic-masternodes.htmlGoal is reaching 80% of masternodes on v0.16.0.1 after which a time window of 7 days is given to those masternode operators that have not updated yet, to do so. After those 7 days, spork 21 will be activated and masternodes on older Dash Core versions will start to get PoSe scored and ultimately PoSe banned from the network. |
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Also i would like to remind you that toknormal has been constantly attacking masternode operators in general these last three months (even though he is a masternode operator himself), on a very very low level.
Most likely to advance his own campaign.
Don't over-dramatise. Am i over-dramatizing ? Lets take a look at some of your quotes : They are eating the capital value of the chain like a starving animal that starts to consume its own flesh to survive. I realise that masternode holders want holiday cruises, but f*k'm They all want out on the next pump.
No worries. I'll be joining them Use MN rewards as bottomless well of bribery payments in exchange for hodling, and it'll do the exact opposite. Demise as a competitive crypto asset when compared with its 100% mined contemporaries. Sometimes I don't think Dash investors realise what they bought or how to protect it. If you wanted to invest in utility (rather than a mobile, versatile commodity) you should have bought Mastercard shares, or some other type of blockchain security who's protocol is designed to host entire nation's worth of debt securities. Stock buyback economics.
Let the masternodes "suck" the Dash off the market. Lets get Dash back to an inspiring ideal rather than "how much free money can I get from my masternode", meanwhile the market is at liberty to simply trash that "free money" back to the dark ages in Satoshi or $USD value as it sees fit. Pretty low level to me and all focused on advancing your own campaign, at the looks of it. |
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