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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: August 14, 2020, 10:44:30 AM
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4969 active masternodes = 4,969,000 dash out of circulation and long term invested.
What's not out of circulation unfortunately is the 340,000 "free" Dash per year from those nodes, that's never been subjected to competitive mining, raining down on markets. Not my 'free' Dash, which of course is not free Dash but simply Return on Investment. Nothing wrong for people to be in a position to get Return on Investment (you are in that very same position as masternode operator, toknormal. Unless you actually sold your masternode/s). Traditional stockholders are in that position too and you don't hear people complaining about 'free' money in that market section. Actually i am in the middle of trying to make some ROI on my ROI. I suspect a lot of masternode rewards either get saved up due to low Dash price or sent off to a certain exchange (starts with B) to collect interest. The mining rewards on the other hand, i do see raining down on markets. Raining down hard ! Like raining down really really really hard !!
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609
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: August 14, 2020, 04:25:19 AM
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Talking about coin wealth distribution via number of addresses with lot of coins in it is obsolete.In the beginning of crypto market it had some sense,but today not any more.
Then how do you personally analyze coin wealth distribution and base your centralization view on it, if not through addresses ? An analysis that should be objective and supported with data / statistics. The more coin wealth distribution is centralized, the more it is pumped-dumped with huge amplitudes.DASH is just one of these coins. It is mercilessly trashed to oblivion, because it is in hands of just few people That statement of yours just sounds very subjective, without any support of data or statistics. Which is why i made my original post in the first place. Please explain why you think Dash coin wealth distribution is centralized, when addresses (where the coins are in) in fact show the opposite for Dash. Sure exchanges will have large cold / hot wallets, but that counts for all crypto projects and is not a reason to dismiss coin wealth distribution through addresses for open blockchains. Not to mention the fact that 68,5% of Dash coin wealth distribution is located outside top 10, top 100 and top 1000 addresses (with Litecoin that is only 35%). I suspect you dismiss addresses as a means to analyze coin wealth distribution out of hand, because it clashes with your subjective view of Dash. Someone most likely stated on a forum somewhere that Dash was centralized, which you read, agreed upon without questioning and from that point you started to associate Dash with centralization. Please show us the evidence that Dash coin wealth distribution is centralized. With regards to Ethereum investors : what do you think those investors will do with their investments, when they notice Ethereum's netwerk getting increasingly more congested, its gas fees getting increasingly more expensive and its dapps getting negatively affected by all that ? Ethereum's network is already at 95% utilization thanks to DeFi (mainly due to massive Tether ERC-20 transactions traffic) and there is no short term solution in sight. Link : https://cryptoslate.com/vc-ethereum-has-negative-network-effects-needs-scaling-solutions-now/ETH 2.0 update is launched in phases and its first phase (phase 0) will offer no scaling solution (it just focus on setting up a PoS sidechain and initializing validators). Phase 1 & 2 which focus on sharding as scaling solution, are years away (ETH 2.0 is a multi-year 2020-2022 update). Even launch date end of 2020 for phase 0 in the ETH 2.0 update, is just a soft target launch date. Because Iam carefully analizing moves in blockchains of few biggest and some smaller coins for years,I noticed shift during and after last big bull market in 2017.Every single coin was controlled by no more than few people/groups. By control of coins, I mean these people has enough coins in theirs possesion to do what they want on the market.Some of them are connected via different coins,some are not.During and after last bull market,I called them "superwhales" started to dilute theirs coins more and more.One particular "hyperwhale" sent 10000s of BTCs on exchanges 1-2 days before major ETH moves.One reason for that is that they noticed that theirs transactions is not even close so stealthy as they thought,the other is connected with security reasons - that was the time when more and more KYC and AML regulations started and different governments agencies started to show more and more interest in tracking transactions.So,when Iam talking that you cant talk about wealth distribution of coin via how much coins are concentrated in few biggest addresses is not some mine subjective thinking based on thin air , it is just empirical result of mine experience of tracking coins through blockchains for years.You can find some articles about it on Internet from the people who do same thing as I. Today wealth distribution through addresses gives people only false impression about major decentralization.Nothing more.Iam not thinking that major wealth centralization is valid only for DASH,but more or less for all coins. Though "superwhales" diluted theirs coins,their market behaviour stay the same.They are playing on market on the same way as before,one twist here and there,but one thing never changed - the more coin wealth distribution is centralized the harder pump/dump occure.Today, only way to know about real wealth distribution of coin is its market behaviour.When some coin supply is significantly decentralized, it is extremely hard to make some quick pump/dump.Without enough supply in the hands it is suicidal.Price rise or fall looks more like streched out sine wave.Good and bad news and coin developpment progress also had influence. But,when the coin is heavily centralized,level of centralization is correlated with the speed of price rise or fall.More centralization, bigger the speed of rise or fall,because there are much less pressure from other traders.They simply have not enough power even to slow down superwhales.Also ,news and coin developpment has no influence on price at all which is impossible if the coin distribution is truly decentralized. When the coin goes down there are no good news or developpment progress which can stop it. Also when it goes up,only some major exchange massive theft can make influence on price.We all saw many times crazy volatility in crypto world on a scale unbeliveable to ever happen on Forex or even stock market,except in the case of penny stocks.Massive volatilty on crypto market means that market is very shallow,so that only one big whale in such shallow sea can make tsunami waves.Dash market is very ,very shallow,just look at buy/sell orders which are so thin even with 10x leverage. About ETH - congestion is result of coin major sucess and every coin with such level of growth would face probably even worse congestion.BTC had it also,but ETH has much more tools to solve it.DeFi bubble is ready to burst soon and though some people are talking about these tokens as altcoins,I dont think the same.It looks more like ICO 2.0 version.As I said before,I think that Dash has more potential than ETH which was really messy(and still is),but problem is that major DASH holders does not know/want to play on long shot,but just to make quick buck through pump/dump coin trashing.Such behaviour can destroy even the best project. i am asking for an analysis that should be objective and supported with data or statistics and this is what i get back ? Seriously ? Your whole post can still be summarized as subjective, nothing more then a personal opinion. You are still failing to show us an objective analysis supported with data / statistics on how Dash coin wealth distribution is centralized. And no, stating that you 'have carefully analyzed moves in blockchains of few biggest and some smaller coins for years', does not count as an analysis that is objective and supported with data or statistics. I showed you an objective analysis supported with data / statistics that Dash coin wealth distribution is decentralized (almost twice as decentralized as Litecoin). Source : https://bitcointalk.org/index.php?topic=421615.msg54898722#msg54898722You just keep throwing back personal opinions and seem to focus more on the whole crypto market then on Dash specific. Lets keep this Dash specific. This is what our discussion is about : The more coin wealth distribution is centralized, the more it is pumped-dumped with huge amplitudes.DASH is just one of these coins. It is mercilessly trashed to oblivion, because it is in hands of just few people Show me the statistics / evidence that Dash coin wealth distribution is centralized and we can discuss this further. Otherwise there is really no point at discussing this any further.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Zero Transaction Fees: What's the catch?
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on: August 13, 2020, 04:19:38 AM
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I've been enjoying cryptocurrencies with zero transaction fees like Nano and EOS, as they prove to be economically feasible for cross-border payments. While their level of adoption is not as comparable as Bitcoin or Ethereum, they're still a great option for digital payments. Zero fees and near-instant transaction confirmation times, seem to be the way of the future. Or is it? I mean, what's the catch with cryptocurrencies that don't charge fees to their users? Will they be able to survive for a very long time? Or will they turn into an idea that will fade into oblivion? Whatever the case may be, cryptocurrencies with zero fees could eventually replace DASH or Bitcoin Cash's place as "digital cash". This greatly contributes towards the adoption of crypto and Blockchain technology in general. The only limitation would be price volatility. But imagine a stablecoin built on a Blockchain network with zero fees. It will be completely revolutionary, in my own opinion. Thoughts Cryptocurrencies with zero transaction fees will always be vulnerable to spamming and flood attacks. Transaction fees prevent spamming / flooding attacks. Also Dash has excellent protection against 51% attacks (through ChainLocks) and excellent protection against Sybil attacks (through the collateral of 1000 Dash for each masternodes, making a Sybil attack on its network extremely costly). Link : https://www.liteforex.com/blog/for-investors/cryptocurrency-attacks-types-of-vulnerabilities-risks-and-results/Not to mention that Dash has transaction protection against doublespending through its masternode network and superior transaction security through ChainLocks (which is why Coinbase only requires 2 transaction confirmations for deposits --> https://dashnews.org/coinbase-pro-confirms-dash-deposits-12-times-faster-than-bitcoin/). But most importantly : Dash can confirm and settle a transaction in 2-4 seconds. Which means Dash transactions will only take 2-4 seconds from sender to receiver and with receiver being able to spend the amount. The send, receive, spend (also known as transaction settlement) is just incredible fast and highly secure with Dash. With zero transaction fees people should be aware that there will be a high number of transaction confirmations required by exchanges and other services, before transactions are considered to be safe and immutable.
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612
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Alternate cryptocurrencies / Altcoin Discussion / Re: ETH Gas transactions price is about to hit 300
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on: August 13, 2020, 04:03:20 AM
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I hope ETH 2.0 will be released soon and transaction fee issue will be solved. We can't switch to another coin because most of altcoins now are based on ETH blockchain network.
Maybe you should take a look at what ETH 2.0 exactly is : https://consensys.net/knowledge-base/ethereum-2/faq/What is the Ethereum 2.0 roadmap? What are the phases of Ethereum 2.0?
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. Now guess which phase will have the scalability solution for the whole network ? Developers could introduce some ad interim solution to get a grip on gas fees, but so far nothing conclusive has emerged and i doubt all users will see the benefits from that. And there are enough Altcoins out there that have their own blockchain, and don't rely on Ethereum network. Switching will be a simple case of reviewing Altcoins on speed, transaction fee cost and usability. With Dash that will be : 2-4 seconds, $0.004 cents, high usability
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613
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Alternate cryptocurrencies / Altcoin Discussion / Re: ETH Gas transactions price is about to hit 300
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on: August 13, 2020, 03:30:25 AM
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Why on earth are people still using Ethereum for transactions, when they know (or should know) : ETH network is congested (95% network utilization) ETH network has an exponentially rising gas price, that is breaking ATH records every day (currently $6,04, which is the highest fee since 2015) --> https://www.coindesk.com/decentralized-finance-frenzy-drives-ethereum-transaction-fees-to-all-time-highsThere is no short term scaling solution, ETH 2.0 phase 1 and 2 are years away and phase 0 contains no scaling solution and only has a soft target for end of this year. Truth is Ethereum was never designed to handle such loads of transactions traffic, it was designed to be a decentralized smart contract platform. With such rising gas price, Dapps developers and users will feel forced to leave Ethereum.Which means Ethereum primary use case (smart contracts / Dapps) will be under threat. Lets take a look at Dash : Average transaction fee : $0,004 cents ( https://terminal.bytetree.com/dash, featured charts) Avarage transaction time from sender to receiver and with amount getting spendable by receiver : 2 to 4 seconds Transactions are protected against doublespending Network can scale rapidly on-chain safely by increasing its blocksize from 2MB all the way to 8MB (this has been thoroughly researched and tested), which can be done quickly through Dash governance system (which already approved a blocksize increase from 1MB to 2MB way back in 2015) Network is protected against 51% attacks Focused on providing in the short term : an user-friendly experience by introducing blockchain names (making it so easy that your grandma can use it), blockchain identites, a decentralized api, a decentralized drive for data storage, data-driven smart contracts, a payment wallet Dapp called DashPay that will utilize the above. All through Dash Platform, which will be on Dash testnet end of this year. Be smart, use Dash. Dash is digital cash.
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615
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: August 12, 2020, 09:10:02 PM
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Only 8 more active masternodes, before we have a new ATH for Dash number of active masternodes Talking about ATH, Ethereum is having one new ATH after another with their transaction fees (gas price) Source : https://www.coindesk.com/decentralized-finance-frenzy-drives-ethereum-transaction-fees-to-all-time-highsHow high will their gas price get ? Stay tuned I must say this all does remind me of the network congestion and high gas fees that their cryptokitties Dapp inflicted on their network in 2018, only it is getting much worse now because of massive DeFi transactions traffic and the network lacking any kind of short term scaling solution. I wonder where all that DeFi transactions traffic will flow to, once Ethereum network utilization grows from 95% (currently) to 100% Dash average fee for comparison : $0,004 cents Source : https://terminal.bytetree.com/dash (featured charts) I am not saying that DeFi transactions will start flowing to Dash, as Dash does not have smart contract capabilities yet. And those smart contracts that will get available with Dash Platform are more data-driven and data-stored smart contracts, not execution-focused smart contracts like Ethereum. Unless there are partnerships formed with Dash, where the DeFi transactions will be handled and processed through the Dash network. Dash could then become a sidechain for processing DeFi transactions i guess.
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616
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: August 07, 2020, 12:18:25 PM
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Unfortuntely i only know of a three months overview : http://178.254.23.111/~pub/Dash/Dash_Info.html (see Count + Price) showing number of active masternodes against USD over time. Dash Central, Dashninja and above mentioned site of Crowning all use number of active masternodes. Moocowmoo masternode.me site ( https://stats.masternode.me/network-report/215512 (don't forget to press 'latest') use total masternodes versus enabled masternodes. (enabled masternodes equals number of active masternodes by the way) Talking about number of active masternodes, it is currently at 4942 ATH is 4969. We are getting closer and closer to a new ATH. Total masternodes is currently at 5071. ATH : Unknown Difference between total masternodes and active/enabled masternodes has most likely to do with PoSe banned masternodes or with PoSe-scored masternodes. Does anybody have a graph showing statistics about at which point these masternodes were created? I mean in month/year or at which price each Dash was when the 1000 were purchased? To my knowledge there are also official/registered and not registered masternodes operating so will those statistics be current? Yep. It is indeed.
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617
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: August 07, 2020, 11:10:18 AM
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Yep. It is indeed. In March 2016 Dash was trading at under $5 each so it is all about timing and maximising the opportunities at the right time. DO YOU PLAN AT DASH TO REDUCE THE COLLATERAL TO CREATE A MASTERNODE? 1000 COINS IS VERY EXPENSIVE
Succes is all about regnonicing opportunities in life and acting on them. Dash was $49,50 on 13th of March 2020. Costs for setting up 1 masternode (excluding server renting costs) : $49,500 Dash is currently $101 today. Costs for setting up 1 masternode (excluding server renting costs) : $101,000 Since Dash has entered into a bullish phase, those costs for setting up 1 masternode will only get higher. Dash ATH costs for setting up 1 masternode : $1,642,000 from three years ago (2017).
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: August 07, 2020, 10:51:28 AM
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DO YOU PLAN AT DASH TO REDUCE THE COLLATERAL TO CREATE A MASTERNODE? 1000 COINS IS VERY EXPENSIVE
Succes is all about regnonicing opportunities in life and acting on them. Dash was $49,50 on 13th of March 2020. Costs for setting up 1 masternode (excluding server renting costs) : $49,500 Dash is currently $101 today. Costs for setting up 1 masternode (excluding server renting costs) : $101,000 Since Dash has entered into a bullish phase, those costs for setting up 1 masternode will only get higher. Dash ATH costs for setting up 1 masternode : $1,642,000 from three years ago (2017). What some see as expensive, others see as cheap (and visa versa). It is all subjective.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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on: August 06, 2020, 12:59:51 PM
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i knew it !! There is a little poet in all of us Nice to see some Shakespeare being quoted in this otherwise informative thread: To be, or not to be, that is the question: Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles And by opposing end them. To die—to sleep, No more; and by a sleep to say we end The heart-ache and the thousand natural shocks"To delete or not to delete.... that is the question" more like? Talking about trying turning into not trying at all, in just one post To try or not to try, that is the question. Edit : oh no, toknormal removed the trying part. I guess he decided on not to try after all
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