There IS huuge diference. Unfortunately.
And we all can agree that our perception is different. Monero has DOUBLE the marketcap value and much higher price per coin despite being technologically inferior ( as you say Qwizzie ) so problem lies ...hmm...let's se... uhm Qizzie do you know?
More then 96% of Monero is already mined. Of course they have higher marketcap, because they have more coins in circulation then Dash and are now very close to their maximum number of coins (18,4 Million XMR). And Monero only has a slightly higher price by the way. Link : https://cointelegraph.com/news/with-90-percent-of-monero-mined-attention-turns-to-tail-emission-from-2022Monero : 17,692,702 XMR Circulating Supply & Price : $84,45 Dash : 9,699,159 DASH Circulating Supply & Price :$75,36 Bitcoin : 18,484,581 BTC Circulating Supply & Price :$10,316 Source : coinmarketcap 17,692,702 XMR / 18,400,000 XMR x 100 = 96,16% of Monero mined 9,699,159 DASH / 18,900,000 Dash x 100 = 51,31% of Dash mined 18,484,581 BTC / 21,000,000 BTC x 100 = 88,02% of Bitcoin mined Although 5 years younger as a project, Monero (2014) already mined way more coins then Bitcoin (2009) ! Marketcap = Circulating Supply x Price Monero Marketcap : $1,494,148,683 Dash Marketcap : $730,928,622 Bitcoin Marketcap : $190,686,937,596 No magic there. Question is : do you really want to be in a coin that is mined close to 97% already in such a shady way? (crippled mining hardware at start etc). A coin that will be 100% mined in May 2022 ? How secure will the network of such a coin really be, when there is such little incentive for miners to mine those tiny blocks (tail emission) after 2022 ? |
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I rate them also on % Down from ATH.
Which i think is a better way of comparing coins, then just focusing on marketcap and rank alone (like you and AzzAz do). Fine. Go here, switch "Views" to "All Time High", sort on "From ATH" column, try to find Dash. I make it ranked around 88 on that basis.  According your link : Bitcoin Cash : -94.02% Down from ATH Marketcap : $4.19B Dash : -94.89% Down from ATH Marketcap : $741.73M What matters more for people : price or marketcap ? If people just look at price then there is very little difference between the performance between Dash and Bitcoin Cash. Both coins dropped close to -95% in price during this bear market. If people just look at marketcap and rank (like you and AzzAz are) then there is huge difference between Dash and Bitcoin Cash. A huge difference that seems unrelated to the actual performance of each coin. I can't really do much with a huge difference in marketcap, when that seems unrelated to the actual price performance of each coin. You base everything on it. You build a whole market theory around it. |
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Polkadot is actually a good example why we should not pay too much attention on marketcap and ranking
No it isn't, it's a flash in the pan and not remotely representative of long term ranking trends. Coins like LTC, BCH, XMR, Dash etc, however are. You can't dismiss a chronic marketcap difference of a factor of between 2 and 5 as something that we should "not pay too much attention to". I certainly can dismiss the marketcap difference because i don't rate coins purely on marketcap. I rate them also on % Down from ATH. Which i think is a better way of comparing coins, then just focusing on marketcap and rank alone (like you and AzzAz do). Marketcap, Rank, % Down from ATH are just a few factors to take into consideration. There is also number of active addresses, traded volume, number of transactions, project development, project adoption to take into consideration, when evaluating crypto projects. Which are totally skipped as well, by you and AzzAz. You two are (over)focusing on marketcap and rank. |
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Here is the thing about assumptions : everyone has one.
Lets take a look at what an assumption is :
Its worse than that. He thinks he's making actual points. I've been watching this (his) discussion unfold for... what? A month or two now... and I just have to ask toknormal: Does it ever occur to you how boring and/or wrong you might be? Nobody is going to change anything based on your analysis / critique / whatever; least of all the Dash devs. Maybe for you. For me his discussion is not that complicated to understand. Though we don't like what he is pointing ( nor him too ) it is obvious that DASH is going wrong way marketcap wise. 28th now. That alone is screaming: something is wrong. Dash is currently ranking 19, not 28 People should really stop confusing the marketcap and ranking of 'tokens' with 'coins'. Tokens run on a single blockchain (mostly Ethereum) and have a single point of failure (high fees), because that one blockchain that they depend on (and don't have any direct control over) is unable to scale. When coinmarketcap is already making a clear distinction between 'coins' and 'tokens', giving them each their own marketcap and ranking, then so should we. Coins : https://coinmarketcap.com/coins/Tokens : https://coinmarketcap.com/tokens/Comparing 'coins' with 'tokens' is like comparing apples with oranges. There is simply no point in that. Sure you can all stuff them in one big overview, but the comparing part will be flawed from the start. We should only compare coins with coins and tokens with tokens. If we compare 'coins' specifically, there is not that much difference in % Down from ATH price between Alt coins. They are mostly between 85%-95% Down from ATH.  Source : coinmarketcap (see above links) & messari.io (for % Down from ATH) Some of the more well-performing coins are either relatively new coins (Cosmos, Tezos, Bitcoin SV, Binance Coin) or a coin like Polkadot that did a redenomination, catapulting it into a much higher marketcap. Only Bitcoin and Ethereum really stand out as older coins, performing relatively well. Polkadot is actually a good example why we should not pay too much attention on marketcap and ranking, as their redenomination moved them from below top 100 to rank 5 on coinmarketcap over night. Link : https://decrypt.co/41072/how-polkadot-surged-from-nowhere-into-the-top-10-cryptocurrenciesDoes this mean Polkadot is outperforming a majority of the Alt coins ? Of course not. |
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Interesting to read that toknormal spends his masternode rewards on hookers & blow, being a masternode operator himself. Personally i rather save up my masternode rewards and get 7.12% annual interest on them, on some reasonably trustworthy exchange (Binance for example). Maybe over time i can manage to setup a new masternode with them, as i rather keep my coins in full control then stake them on an exchange. I must come across as pretty abnormal to toknormal  Here is the thing about assumptions : everyone has one. Lets take a look at what an assumption is :  Presenting one's own assumptions as facts, to me is the real problem here. Lets see what others think of assumptions : When we believe in lies, we cannot see the truth, so we make thousands of assumptions and we take them as truth. One of the biggest assumptions we make is that the lies we believe are the truth!
- Don Miguel Ruiz Begin challenging your own assumptions. Your assumptions are your windows on the world. Scrub them off every once in while, or the light won't come in.
- Alan Alda You must stick to your conviction, but be ready to abandon your assumptions.
- Denis Waitley Remember, we see the world not as it is but as we are. Most of us see through the eyes of our fears and our limiting beliefs and our false assumptions.
- Robin S. Sharma Ask questions; don't make assumptions.
- Angela Ahrendts It's sad that we never get trained to leave assumptions behind.
- Sebastian Thrun |
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Been in Dash for awhile one of the OG coins love the concept and its looking primed for a run these days just look at it. Going to start adding more dash with dips
Good to hear that. |
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We don't know that, you assume that. A baseless assumption Not a baseless assumption at all. How else could mining be remotely profitable without a drastic reduction in hashrate ? The "baseless assumption" is that reducing the mining reward without reducing mining cost comes without a price. More assumptions, nice. At least Ryan done extensive research supporting his discovered circulating supply issue and how to fix it. All you do is come up with one assumption after the other. Without a shred of research / statistics to backup your claims. And an endless repeat of your assumptions in every post you make. If the goal is to indoctrinate us by repetitiveness, it is not working. Sorry. |
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I would like to have your opinions Coinmarketcap: https://coinmarketcap.com/en/currencies/polkadot-new/Website: https://polkadot.network/Polkadot How does this crypto coming out of nowhere appear in 7th position even though it was in 5th or 6th position when it is currently going down? it's a Pump and dump. Or is it a crypto that will one day be reliable with a good future  is it a standalone crypto that has not been launched on ethereum? Polkadot did a redenomination, which is why they increased in marketcap so drastically (100x) over night. https://decrypt.co/41072/how-polkadot-surged-from-nowhere-into-the-top-10-cryptocurrencies Source : https://coinmarketcap.com/currencies/polkadot-new/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. Link to Polkadot before redenomination : https://coinmarketcap.com/currencies/polkadot-old/I find redenominations very shady, specially when done only a year after launch. Means the devs are either incompetent to do a redenomination so soon after launch, or they just wanted the marketcap and rank increase for free marketing. Either way it is bad practise. Edit : Looks like coinmarketcap even removed their old Polkadot page. No way to compare anything now with prior denomination. Very shady indeed. |
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Aren't these discussions slightly superfluous now that we know that miners are subsidising themselves with masternode revenues ?
We don't know that, you assume that. An baseless assumption that you try to pose as fact on this forum. Not the first time this happens and i am sure also not the last time. Anyways miners would be pretty stupid to subsidize themselves with masternode revenues (5,66% annual), when they can get much higher revenue with staking on exchanges (as high as 7,2% annual). I am not even sure if miners can come up with the collateral (1000 Dash), to collect masternode revenues to begin with. Seems a bit too much, taking into account they already paid for expensive mining hardware and are paying for electricity. If i were to rate this assumption of yours about miners subsidising themselves with masternode revenues, i would rate the odds pretty low. Here is something to cheer you up :  Source : https://github.com/dashpay/dash/pulls |
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I think so too, Dash will fly like a mad bull with wings that runs on rocket fuel.
It is how DASH took off like a rocket last year. x2 within a few days and it is a lie if I say I don't remember that wave of DASH. I remembered during that take-off, qwizzie opened a DASH discussion thread months before. It is a very informative discussion thread for DASH project and by the way let me use the post to say thank you for that post. It help me understand more about DASH project and also give me chance to get profits from investment into DASH last year. Thank you, that is very kind of you to say. |
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Dash/BTC skyrocketter. 15k DRK shot getting munched. ( Despite Because only 45% of the chain being subject to competitive mining)  . Corrected it for you, you are welcome Dash has been a sleeper for a why. I think it’s gonna fly during this bull run.
I think so too, Dash will fly like a mad bull with wings that runs on rocket fuel. Which gives a bit of a disturbing picture, but that is totally okay. On a separate topic : lets restore our ancient 'Wednesday is Mixing Day' for Dash. And lets start that Wednesday today. Because i have input amounts that are just waiting to party with other people's input amounts, but it almost seems like they forgot how to party. Must be because of that corona virus, cancelling all party's and keeping input amounts indoors. It is safe to party, little input amounts out there !! To be fair the input amounts did party pretty heavily yesterday with my input amounts to about 90%. It is that last 10% that is taking a bit longer. Maybe they are all resting from that wild mixing party yesterday.  Selfnote : test this mixing behavior further on Release Candidate 3 of Dash Core wallet version 0.16, when it comes out on Testnet (though this could be a Mainnet specific thing, where a certain mixing denomination is simply used less on Mainnet because users are mixing lower Dash amounts). |
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No takers for a 3448 DRK shot @ .007250 ? Otoh (or someone pretending to be Otoh) is back with his walls.  That is a nice buy wall on Binance (i assume you are referring to Binance). https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=1dI am just glad i bought half a masternode today. |
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What part of "DE" in DEFI don't you understand? No offense, lol.
Decentralized = No one can control, or regulate anything.
How decentralized is that De in DeFi though, when people host them on centralized servers ? See De-Fi apps are NOT 100% decentralized https://bitcointalk.org/index.php?topic=5272080.0Not to mention the fact that having a lot of DeFi tokens projects getting dependend on one single blockchain (one that also happens to have scaling issues, security issues and high fees issues), can hardly be considered decentralized to begin with. |
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......from the Ethereum ANN topic lol, they did not do anything but introduce a proposal / EIP : In a bid to ameliorate soaring fees, Ethereum co-founder Vitalik Buterin released his Ethereum Improvement Proposal (EIP) 2929 Tuesday that proposes making certain heavy contracts more expensive by a factor of three. Contracts affected would be those that update the Ethereum state, including some applications. Approving this proposal, however, requires consensus from the Ethereum community, a process that can take weeks or months. Other broad-brush scaling solutions like EIP 1559 or sharding remain on the distant horizon as well. This will take time and it will break certain smart contracts. This repricing proposal could break some smart contracts already operating on Ethereum, Buterin wrote. He added that developers “have had years of warning” about potential changes. Also i wonder if those heavy contracts are DeFi contracts and if yes what it will do to those very high (up to $100) DeFi fees if those DeFi contracts are made more expensive. Will it make those DeFi fees even more expensive ? |
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With the rise of the DeFi market. Ethereum blockchain now needs a lot more scalability. Transaction fees are astounding and it's becoming a bottleneck for current projects that provides Ethereum based products and services. PoS, although not good for miners, but will provide a lot more value in the long run. Network congestion can be fully solved with the update and a lot more space for expansion.
Just checked the median transaction fees for Ethereum and found that it is still below $1 per transaction. So at least when compared to the Bitcoin transactions, it is not exceptionally expensive. But at the same time, if DeFi expands significantly, then there may be network congestion and the transaction fee can go up astronomically. The developers need to make sure that this does not happen. You are forgetting about the fees that you get charged with, when you interact with a DeFi protocol. Those can run op to $100 for a single transaction. Since DeFi traffic is still immensely high, people will still need to pay those very high fees. Most people just choose to stay in that DeFi project, hoping those fees will drop in time too. https://cointelegraph.com/news/using-a-defi-protocol-now-costs-more-than-50-as-ethereum-fees-skyrockethttps://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growthI wonder if those fees will indeed drop to a more reasonable level. Has anyone notice them getting lower ? |
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-snip Doing a redenomination of the original sale so soon after launch, just to increase in marketcap and rank on coinmarketcap is a despicable practice. https://coinmarketcap.com/currencies/polkadot-new/https://coinmarketcap.com/currencies/polkadot-old/This page refers to New Dot which is 100x smaller than DOT (OLD) On 21 August 2020 at 16:40 UTC (block number 1,248,328), the DOT token underwent a redenomination
from its original sale. New Dot are 100x smaller than DOT (OLD). There is no difference between New Dot and DOT (OLD) except for their denomination. Very very bad move. And an equally bad move from coinmarketcap for just going along with it. Redenomination of an already existing coin is something i would never trust in a coin. No wonder it is getting dumped hard (-29%). Timing wise, the move was not ideal, but I can understand the redenomination. In fact, in my eyes, you can compare it with companies that do a stock split (i.e. apple, tesla). Price is right now hovering between 4.3 and 4.8$, let's see what happens when we are in a bull market again. I never heard of a company doing a stock split a year after launch. Anyways, doing a redomination this early on in a crypto project's lifetime is just shady behavior. It has damaged its reputation. |
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Satellites just picked her up :  Will she reach the shore ? Stay tuned.. |
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I've seen that now USDT has reached a market cap of over $10 billion dollars (USD). The sudden rise could've been a result of the massive hype surrounding "De-Fi" and stablecoins. With Tether issuing new units (supply) of USDT, it makes me wonder whenever its "triumph" will last for long? After all, crypto land behaves in strange and bizarre ways. Imagine if USDT flips Ethereum on the market. All the eyes will be on Tether instead of Ethereum, as people are usually "following the money". I think Tether will continue to issue new coins on the Blockchain in order to maintain a high market cap ranking. Only then, USDT will stand alongside Bitcoin as the world's second-largest cryptocurrency (stablecoin) by market cap. What do you think will happen if USDT flips ETH on the market? Will everything remain the same? Or will ETH lose attention from the mainstream world? Will USDT be able to maintain such high market cap for a long time? Your input will be greatly appreciated.  Ethereum is classed as a 'coins' on coinmarketcap --> https://coinmarketcap.com/coins/Tether is classed as a 'tokens' on coinmarketcap --> https://coinmarketcap.com/tokens/Comparing 'coins' with 'tokens' is like comparing apples with oranges. Both 'coins' and 'tokens' have their own marketcap and ranking on coinmarketcap. I think investors / mainstream world will understand the difference between the two. Also remember that tokens running on one single coin's blockchain will have a single point of failure (which is the network, over which they don't have any direct control). You can see that happening with Ethereum right now that has network congestion, high gas fees, even higher fees for interacting with DeFi protocols and network security that is getting threatened. All tokens projects operating on the Ethereum blockchain will be negatively impacted equally by all that. From a decentralization point of view, having so many tokens projects operating on one single blockchain that can not scale, is a terrible concept. |
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People don't really understand that ETH 2.0 is a multi-year update with several phases of implementation. It starts with phase 0 and it ends with phase 2. So far phase 0 has been delayed multiple times and is not designed to provide scalability through sharding, it is designed to implement a Proof of Stake sidechain (called the Beacon Chain) and it will focus on setting up Proof of Stake validators. This will not fix Ethereum network congestion or its associated high gas fees. And it most certainly not fix the much much higher fees that people get when interacting with the DeFi protocols (fees up to $100). Thereby trapping people within DeFi token projects. Only phase 1 & 2 will focus on implementing a scaling solution through sharding and those phases are still years away. Link : https://consensys.net/knowledge-base/ethereum-2/faq/Ethereum 2.0 is planned to be rolled out in at least three phases: Phase 0, 1, and 2. Phase 0 is planned to launch in 2020, with Phases 1 and 2 to be released in following years.
Phase 0: In the first phase of Ethereum 2.0, the “Beacon Chain” will be implemented. The Beacon Chain stores and manages the registry of validators, and will implement the Proof of Stake (PoS) consensus mechanism for Ethereum 2.0. The original Ethereum PoW chain will continue to run alongside the new Ethereum PoS chain, ensuring there is no break in data continuity.
Phase 1: The second phase of Ethereum 2.0 will likely roll out in 2021. The primary improvement of Phase 1 is the integration of shard chains. Shard chains are a scalability mechanism in which the Ethereum blockchain is “split” into 64 different chains, which allows for parallel transaction, storing, processing of information. At its most conservative estimate it will enable 64 times more throughput than Ethereum 1.0, but it is designed to be able to handle several hundred times more data than Ethereum 1.0.
Phase 2: The third phase of Ethereum 2.0 will likely be launched in 2021 or 2022. This phase is currently less clearly defined than the above two phases, but will involve adding ether accounts and enabling transfers and withdrawals, implementing cross-shard transfers and contract calls, building execution environments so that scalable applications can be built on top of Ethereum 2.0, and bringing the Ethereum 1.0 chain into Ethereum 2.0 so that Proof of Work can finally be turned off.
Many further improvements are planned for research and development after Phase 2 is complete. Vitalik provides insight into some of these improvements in this easy-to-digest diagram.
There are some ad hoc solutions (solutions designed for a specific problem or task, non-generalizable, and not intended to be able to be adapted to other purposes) getting developed to address the high fees, but these ad hoc solutions will not be available to all users. Most likely only a select few token projects will implement them. So to summarize : ETH 2.0 phase 0 is not the solution of high gas fees. |
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