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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 14, 2022, 05:15:32 PM

Yeah, i've faced this issue in my life too, at some point when people keep telling you the same thing over and over again, you have to admit that you are probably wrong and they are right.  


Being part of a consensus has nothing to do with being right. The herd mind is not elevated it is the lowest common denominator

Consensus belief once held that the earth was the centre of the universe with the sun and other planets orbiting in perfect circles. people were persecuted for challenging this belief.

In the case of masternodes there is a mistaken belief that the miners are expensive and have to be paid for by 'the network'. The consequence of this belief is that the reward allocation is always skewed the wrong way. The market punishes masternode coins for airdropping too generous a portion of the supply for free.   The idea is so deeply entrenched that when things aren't going well the proposed solution is to give even less to miners. It doesn't work. Dash has proven this in a real world experiment.

As for your points 1 and 2 i think toknormal has addressed that already. However i might add no one ever said the mining metaphor was a perfect analogy between crypto currency and metal. yes difficulty adjusts for practical reasons, so that block rates stay roughly constant over time. but no matter work is still being done to buy the coins with energy cost.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 13, 2022, 10:35:34 PM
The Firo project is looking to follow in Dash's footsteps and improve their tokenomics by spending less on mining and more on value add.

https://forum.firo.org/t/tokenomics-and-funding-division-of-block-reward-discussion-and-community-matching-fund/2061

https://forum.firo.org/t/poll-on-firo-block-reward-division/2150

If they can get this through, the impact on price is potentially bullish as the network's electricity costs would be dramatically decreased and become more environmentally friendly too.  Firo is able to afford this change because similar to Dash they employ ChainLocks which reduces the reliance on Miners for their network security.


I'm getting deja vu with this. ok what have we got ? Firo project. Improve tokenomics by spending less on mining. FFS
I'll tell you how it ends. You don't make any waves, you plumment down the rankings. You start irrelevant and thats how it is/

remember Meraki ? (it took me ages to find it)
https://bitcointalk.org/index.php?topic=421615.msg53517798#msg53517798

Hello Dash Community,

Thank you so much for the technology called "Chainlocks" in our understanding we don't need to give to miners almost half of the block reward (45%) to secure the network. It enables us to incentivize other parties of the network.

We are testing your new technology "CHAINLOCKS"  in order to try a different distribution of the block reward. which consists in:

10% MINERS
60% MASTERNODES
20% SYSTEM PROPOSALS
10% CHARITY PROPOSALS

We really appreciate the hard work of Dash Core-Team and we will let you know. How "chainlocks" works in practice within a small project..

Best regards,
Meraki Core-Team

Sounds similar no? where did that end up? It doesn't even have a ranking, https://coinmarketcap.com/currencies/meraki/

I'm sorry to be unenthusiastic but we need a masternode coin that goes the other way. with mining something like 80% as ballpark. A precious dash. A scarce dash. Not more cheaply airdropped worthless shit.

Why does dash and every single other proof of work masternode coin not see it? what is the point of having proof of work and then trying to eliminate the work? You need to understand bitcoin before you start getting rid of mining




3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 11, 2022, 04:25:41 PM

I think it's time for MNs to vote smart

Don't hold your breath
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: February 22, 2022, 12:30:36 AM

Ok it was his suggested policy and I didn't agree with it but at least he had one.


You are too kind to him.  Lets face it he should have been booted out for leading dash in the complete wrong direction, yonks ago. Yes it was an idea. A shit idea. And dash has well and truly paid for it

That shit idea was what persuaded me to sell out.

If the community would have listened to toknormal things would be very different. Tok for economic leadership (and not management).


Page 7000!

5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: January 25, 2022, 05:15:01 PM
The governance is truly f*cked in Dash. In shock vote governors vote more for themselves, less for the rest.

Clinging to a failed idea that hashrate is not needed and miners are net sellers, while ignoring mountains of evidence in the crypto world that Dash hybrid model fails as store of value when so much allocation is given away for free. The only time the allocation is questioned they vote the wrong way! Then deny its lack of effect. It was supposed to entice new masternode owners remember. didn't happen. support price because masternode owners hodl. (allegedly) and miners sell.

 Next they'll be telling me covid vaccinations stop transmission prevent infection. and are safe and effective.  Grin

Great post by the way toknormal
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: January 25, 2022, 12:04:27 PM

You might have had a point if my perspectives hadn't been vindicated by events. You seem to be imagining that they somehow haven't.


You haven't been though.  The reason for the miner reallocation https://docs.dash.org/en/stable/introduction/features.html#block-reward-allocation was because Dash was in a secular down trend at the time and plumbed a low of even $35 briefly before bouncing back up.  If anything, you can say that the block reward reallocation failed to reverse that down trend, nothing more, but you can't say the recent price action is because of the reallocation, there is simply no evidence of that.

Keep dreaming. It made a fundamental bad problem a bit worse. 'Failed' is a good way to put it. failed to reverse a downtrend although promised to do that. It failed. Because Ryan hasn't got a clue. Doesn't understand proof of work. maybe he should move to peercoin. they have a downtrend in need of reversing.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: January 14, 2022, 01:31:50 PM
Let me help this shitcoin reach 7000 pages  Grin  Grin

Shitcoin born of malice to scam and to enrich themselves with ponzi masternodes..to zeerooooooo!

 Cheesy

qwizzy was right. You are a great leading indicator of the future of Dash.

When yo wrote it was less than $ 120 and in a few hours we are more than $ 140

Thanks and best regards

He is not qwizzy anymore.

He is now quitty. Dash master propagandist already quit LOL

He doesn't post here anymore, but he does post in the Dash Discord from time to time under the moniker Anonysuom#6766.  Shocked

you know if he still have his two master nodes?. Or did he finally give up and sell in the face of falling prices?

I always thought he was a good guy who helped those who had any problem on the board. Wherever he is, I hope he does well.

How I remember Qwizzie..
Yes he did help people with problems. But couldn't debate, quickly resorts to attacking character and reputation instead of addressing the topic at hand, treating genuine members of the community like trolls, caught him lying about me more than once.  Thought he was the authority on everything but in reality clueless about the economics. (Which is a trait shared by most or all the masternode owners to be fair). Gave genuinely terrible investment advice with his perma bull outlook. Probably did more harm than good overall by trying to be the gatekeeper of truth..

Chief Dash propagandist  actually sums it up quite well.


On subject of clueless masternode owners. They famously used their power to vote more reward to themselves and take away reward from miners. Based on flimsy arguments that don't stand up to scrutiny about miners being net sellers which is in fact the exact opposite of reality because miners buy their dash with a real investment in energy and hash power whereas masternode owners (are given) dash with almost no cost to them at all, 20$ per month server.

Despite masternode owners already having a massive unsupportable share of the reward they voted to increase that to even more Dash for themselves. Qwizzie was one of the leading cheerleaders of this disastrous proposal.
Incidentally clueless miners also supported this disaster cluster fuck of a proposal. They had the power to veto it but didn't

I think the passage of time only shows more and more how harmful this was to Dash as a store of value. Mystifies me how it is so hard for people to see these simple truths. If Dash masternode owners ever wise up and vote to give majority share back to miners. I will quickly reinvest back into Dash. I don't believe that day will ever come though. They really are clueless about what Dash is. Too dumb to even see that this is causing the dwindling value of their collateral.  

8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 11, 2021, 07:49:20 PM
Masternodes are extremely greedy and will never part with their percentage of profits.
Everything is bad...

MNOs are paid to hold DASH, reduce that payment and coins will be sold.  Miners are paid to secure the network, however, their importance was reduced somewhat with the advent of LLMQ CL and the fact we are the dominant X11 coin, this means we are able to divert some of their rewards into securing (from selling) the supply.

Miners are paid by who? Dash Core Group? Ryan Taylor? Masternode owners ? The magic dash fountain? who is paying them?

Miners don't just secure the network (that is a side effect if anything), they provide scarcity and thereby value. Mining is an arms race injecting ever more value into the network and the coins.

Unless you are Dash that is

Is there evidence miners are less likely to hodl than masternode owners? I need to see proof because I smell bullshit  
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 07, 2021, 06:43:34 PM
Masternodes are extremely greedy and will never part with their percentage of profits.
Everything is bad...

MNOs are paid to hold DASH, reduce that payment and coins will be sold.  Miners are paid to secure the network, however, their importance was reduced somewhat with the advent of LLMQ CL and the fact we are the dominant X11 coin, this means we are able to divert some of their rewards into securing (from selling) the supply.

The ones who hold dash should be paid more and the ones who work to earn it less ?

This is why I sold my dash. As an outside investor I see no attraction to get back in

Good luck. You need it
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 05, 2021, 10:49:00 AM

I agree with you that sometimes the master nodes seem to vote out of inertia and not thinking about the project or the long-term benefits.

Not sure thats what I was meaning. For me most the voting on treasury spending is usually quite wasteful but thats not really what I'm talking about. That is small beans compared to..

The real vote that hurt dash  and continues to hurt dash every few minutes when a new block is mined was Ryans proposal to change the block reward in the opposite direction to that which was required. Which an overwhelming majority of economically illiterate masternode holders supported without realising it is strangling their golden goose.

Yes it was a small tweak. But of huge importance to the perception of Dash. A massive setback, either delaying the fix that needs to be done or blocking it entirely. Not to mention aggravating further an already serious problem. Even today most masternode holders still believe mining is expensive and serves little purpose. (To a proof of work blockchain!). Thanks Ryan Taylor for steering in the wrong direction. Either he is economically illiterate, blind leading the blind or he is ____ (fill in the blank)

 


On the other hand, you say that mining should receive more ... it is possible, but if in the future the Dash network requires that the master nodes provide more robust and expensive hardware, they will have to do so, if they need a connection to the faster network, they will have to do it, if they need more storage memory, they will have to do it ... this means that the master nodes, in the long term will have a more expensive maintenance, while mining is seeing the difficulty decrease day by day. day, making new miners more profitable.

In the future dash will be worth shit if they don't fix this. Masternode owners will probably vote for  giving themselves 80% of the block reward to meet non existant 'rising costs'. But that wont be needed anyway they'll be able to run on a rasberry Pi with an ssd drive attached.

But if I play along.. In the future if masternode cost have risen as you say. if they only receive say 5% instead of 50%. The astronomical value of dash by then will easily compensate for new hardware.


This coin is on the way to obscurity. There is nothing to lose by fixing this. Only to gain.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 04, 2021, 07:30:22 PM

It would be as if Dash were the copper coins Digital Cash and BTC the gold that everyone wants.


The problem with Dash is that an overwhelming majority of the governors lead by the Dash Core Group CEO Ryan Taylor are completely economically illiterate.

Its such a shame for a promising project to be subject to such woeful leadership, by that I mean the masternode holders.

The block reward will never favour mining which is what is so badly needed. Because the clueless masternode holders won't propose or vote for less for themselves. To be gold like bitcoin you don't give away half the block reward to the governors.

The masternodes provide a service layer on top of a proof of work blockchain. The cost of this is half the block reward. That is far far too much.

Toknormal has explained in detail the mechanics of what is wrong with the current allocation of new minted coins many many times in many different ways. The fact that this overwhelming majority can't see the problem is why Dash is declining down the rankings.

And Ryan Taylor's leadership of Core Group should have been terminated a long time ago because he has been proven wrong by the market and the masternode count.



12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: October 19, 2021, 08:22:00 PM
The argument is intuitive to me. Not it seems to the governors of Dash.

I can't explain it, the lack of willingness to do what needs to be done and fix the reward ratio. Dash has everything in place, just the wrong people calling the shots.

The only certainty to me is that this will not be reversed. Masternode owners must be too short sighted to see the benefit of getting less proportion of the minted coins in exchange for a much higher valuation.

Maybe a factor is too few whales control the vote and are happy with the way things are?

In response to another comment above. Yes dogecoin gets pumped by Musk. A bit like Roger Ver helped pumped Dash at one point. These things are transitory. You can't compare Iota, thats apples and oranges. The bottom line is you can't beat the economic fundamentals.

By the way, the increased incentive to attract more masternodes was a complete failure. Just like the rest of the proposal. Surely there should be question marks over his leadership on this ?

  
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: October 17, 2021, 10:58:50 PM
The trouble with Dash is it doesn't store value.

The clue is in the name, Digital 'cash'

Cash over long periods of time is not a good store of value.

Dash, great for transactions. Terrible investment.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 09, 2021, 06:27:34 PM
Dash is still in a multi year bear channel versus bitcoin. To call it fully bullish is premature IMO


If your point is true, DASH will try to retest and break a multiple-year resistance nearly 0.006 BTC. Break it or not, it is for the future and DASH might success or fail with this mission at the first attempt or even a few attempts. Even it fails, more than 35% of profit if you buy it now and wait for such failed resistance break-out.

It is a good new even it is small in the altcoin season where shit DeFi and new projects can give x10, x25, x50 or x100 like Tokko cryto yesterday on Binance. I love the safety and don't bet with them with so much risks.

Breaking 0.006 will undeniably be very bullish from a technical point of view. As I posted a few posts prior, there is an inverse head and shoulders formation that might portend such a situation arising.

Personally I still subscribe to the idea that the reward allocation is punishing mining far too much and rewarding masternode owners far too much which hurts dash as a store of value CONTINUALLY. The current state of affairs in my opinion. Therefore I think, even if Dash manages to break 0.006 and then goes on to some new huge mega pump fueled by alt season and speculation, it will not be sustained. But if a mega pump does materialise enjoy it when you can
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 07, 2021, 09:40:23 PM

How about simply charging a non-zero price for the 60% of our supply that's now been turned into a free gift ?



The definition of insanity is doing the same thing over and over again and expecting a different outcome, are you insane?

Meanwhile DASH is now fully bullish on the USD and the BTC pair.  Rant and Rave all you like, it isn't going to stop the impressive gains coming our way.  I guess this is one bull run you watch from the sidelines..


Dash is still in a multi year bear channel versus bitcoin. To call it fully bullish is premature IMO



16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: April 02, 2021, 08:00:00 PM
Dash Core Group is Hiring! Apply within.

The largest contractor in the Dash Decentralized Autonomous Organization is hiring. Dash Core Group is looking for people to fill three new positions. If you or anyone you know would like to work with the future of money, this could be an opportunity to do so. Find out more on this episode of CATV.



Thanks for watching!

A replacement for Ryan amongst them hopefully



--------------------------------------------------------------------


Moderator happy now? I'm posting on same post.


------------------------------------------------------------------

Its early days but I see a potential inverse head and shoulders formation. Not perfect, not anywhere near completing the pattern but still. Might be the reversal pattern I've been waiting for for a long time.




17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: March 29, 2021, 09:35:22 PM
Jollygood telling me Dash Core Group doing a competent job.



Actually mostly they are, if not for developers and CEO messing around with economics they don't understand. Other than that, good job team



Dash is due a pump though, could see it going up to 0.005 against BTC quite easily




miners are "sellers" on an exchange just as currency brokers are, but they are not NET sellers. They bought the coin in one market and sold it in another.

Masternodes on the other hand are NET sellers. There's no buy side so no bidding up of the price (once we are at nodecount equilibrium). The reward ratio is therefore simply specifying how much of the supply is issued at zero price per coin. The more of the supply thats issued at zero price, the lower the marketcap compared with other coins that restrict their entire supply to the highest bidder.

The protocol/store of value debate (if you can call it that - there was no debate) was not about how much to "give" to miners or "give" to masternodes. Miners buy their coin. They are not given it. It's only masternodes where the word "give" applies.


I don't see how anyone can argue with this simple logic. spot on

[moderator's note: consecutive posts merged]
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: March 27, 2021, 10:50:30 AM
Dash ranked 48 on coin marketcap, Decred ranked 49

Quite interesting no.. I just been looking for differences. Decred gives 60% to miners, Dash gives less than 45%


I bet Ryan Taylor still thinks improving the economics of Dash means giving less to miners, moar to masternodes, despite no evidence for it
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: March 11, 2021, 09:58:18 PM
I think this is a pretty good forum

Anyway.

Dash is good as a means of payment. It should be accepted in many more places.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: March 07, 2021, 02:29:49 PM
Dash at 44 in market cap ranking. Falling because the mining allocation is far too small. If this doesn't get fixed Dash will become irrelevant, if it isn't already
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