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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: January 05, 2021, 02:08:26 PM
The punishment that we have carried out in recent months is disproportionate if we compare it with other pre-mined coins or that have not had any development and have continued to increase their capitalization.

Regarding the bittrex event, we can see that the nodes have started to recover briefly, from a low of 4768 to the current number of 4793.

25 nodes recovered in a few hours.

Reviewing the portfolios of the large holders there has hardly been any movement, and I conclude that the 20% falls that we have seen in the Dash flash crash have been mainly motivated by speculative selling on exchanges that have taken advantage of short positions or buybacks below.

I still have doubts, not because of Dash or its development, but because of BTC and ETH, the verticality of the rise is not organic, and it could certainly go to $ 40,000 or something more, but let's think that a long crypto winter of years that as in past cycles would leave BTC over $ 10,000, where would Dash be if there is no decoupling from BTC?

There I see the risk right now.

a greeting









Main task for selling any product is to create demand.Scarcity does not come from supply but from demand. BTC and ETH succeeded in that.Investors are pouring billions in them and if they do not buy via OTC market,price will be much higher than it is now.So,theirs growth is organic,created through demand which greatly surpasses supply.

DASH went in another direction,wrongly believed that scarcity comes from supply.To make it even more "scarce",they gave masternodes huge reward to keep coins off market.We saw that this measure did not give any results.It does not matter if you product only few coins.If you do not have buyers for them they are worthless.

That misunderstanding of basics economics led DASH to its position now. Without making changes ,it will stay in that position indefinitely.

I didnt hear any meaningfull idea from DASH team about plans to create demand and attract investors.Instead,they want to give even bigger rewards to masternodes,desperately staying on the same wrong path of artificially creating scarcity not demand.


2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: January 02, 2021, 11:00:19 PM

Very heated debate about DASH. Some people talk about obvious problems in coin,some does not want to see them. Bittrex delisting becomes irrelevant in this situation,because market has already been delisted DASH.

DASH is only "major" which existed in 2017 and which price in BTC went far below beyond 2017 pre-pump level. 73% fall,from 0.01 to 0.0027 now,no doubt disastruos performance. Why?

- 95% of masternodes were established before 2017 pump,
- theirs operators paid off them many,many  times and has no reason not to sell coin immediately in situation when price is going down all the time,
- coin has been brutally drained due to major disbalance in reward ratio between masternode operators and miners,
- cant give 50% of coins with 0 cost and expect to be store of value.

Some people do not bother with that ,expecting when BTC consolidates,money will start to flow in altcoins,including DASH and price will skyrocket just like in 2017.Unfortunately,market in 2017 and now are quite different.Now ,money is separated in 2 firm blocks - BTC and ETH + Defi.ETH became de facto crypto silver.In such situation it is much more likely that most of money will rotate between these two blocks.We all saw how much money Defi can attract and it looks that Defi took role of altcoin market in 2017.Sure,some money will come to "ordinary" altcoins, but probably only to few of them.Many will suffer ELE - Extinction Level Event.

Will DASH survive it or will DASH go to trash? Hard to say.Coin has been drained so much,that it probably crossed point of no return or event horizon.Its technological advances were ruined by disastrous economic decisions.Maybe someone will see potential in its techno part and will try to overtake coin using opportunity of price crash.Time will tell.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: January 01, 2021, 09:39:10 PM


It is curious that a centralized exchange wants to eliminate Monero, Dash, Zcash, when any movement in the near future will be carried out by decentralized exchanges between all types of chains, anonymously, without the need for identification documents to move the chips where and when you want .

In addition, who wants to mix their BTC to hide their origin has it easy with their corresponding coinjoin.

The future is DEX, and anonymous.

Have no doubts.


also, any idiot knows that once he enters a centralized and nominative exchange (with identification documents), it does not matter if the currency is anonymous, because the account that receives the transaction is not.

What is this nonsense?

The beginning of the end of centralized commerce is here, and I am happy about it.

Cheers


Bittrex owners are US citizens. After SEC investigation on Bitmex and XRP,they decided not to take any chance to go under any kind of SEC investigation and made preemptive,almost panic delisting.

This is an ongoing trend and more and more exchanges will ban US citizens as the easiest solution for them to stay out of trouble.



4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0 on: November 22, 2020, 07:56:01 PM


This month DOGE finally succeeded to activate V4 soft fork.

https://www.blockshibe.net/


It is essential for making new 1.17 client,new developpment DOGE desperately needs.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 22, 2020, 01:53:34 PM

Pointing to a mining profit calculator and using that in a baseless assumption that the role of masternodes is somehow that of 'zero difficulty miners' is rather pathetic

It's not pathetic and principle isn't dependent on any particular mining profitability. Once again you're groping around in the dark for random aspersions to cast on a very solid principle - the fact that the reward is split between fixed cost operators and variable cost operators.

The mining calculator is irrelevant other than for illustrative purposes. Anyone who receives a masternode reward (yourself in particular) will know it's nearly all profit in the late 90's percentage. There's no speculation about that.

Masternodes do not mine blocks and can therefore not be considered miners.

True, they don't mine blocks because they don't need to. But in economic terms they CAN be considered zero-difficulty miners because the reward is not being used for anything else. So they can be modelled as such on an equivalent basis.


Is it futile to talk with people which only goal is to defend present situation at any cost.Any meaningful discussion with them is impossible.Everything you said is assumption,everything they said is a truth by default.People which are trolling all the time, shamelessly accusing you that you are troll,not them.

So,it is obvious that present situation is not some mistake made by DASH team,but carefully constructed situation with longterm goals in the favour of one very small circle.All changes were made to support maximum wealth centralization.And it is going further in the same direction to the final big bang.

Talking that giving 50% of mined coins with 0 cost to masternode operators does not cause spiral of inflation is ridiculous beyond limits.If that was true ,every government will print money in endless quantities.

Comparing DASH with BCH,forked coin which after fork from BTC forked two more times is insult to the intelligence.

Despite it is obvious that mining of DASH is largely unprofitable for ordinary miners ,so call "defenders of DASH" keep talking that ordinary miners continue to mine it for months making huge losses in progress.Why would  ordinary miners keep mining DASH for months with obvious and big loss,they cant answer.

They are talking that DASH is one truly decentralized coin with almost perfect wealth decentralization.Fact is that 1000 DASH collateral for masternode operators is favouring investors with deep pockets.If goal was decentralization collateral would be 50 or 100 DASH.

Masternode operator monthy income is now about $425.For 5000 masternodes it is $2.125 millions per month.Masternode expenses are about $15 per month or $75000 for 5000 masternodes.Profit which goes monthly to masternode operators is 28.3x bigger than theirs expenses.Income vs expenses gives 96.5% profit margin.

Question is why DASH team gives generously 28x more money than it is really cost of maintaining DASH masternode network? No one will make such thing if it is not in its favour.It is pulling money from the coin like a giant vacuum cleaner. So call "DASH defenders" claim that it has not any profound effect on coin itself. My advice to them is to test it on themselves - to pay something 28x more than its price and see the effect on theirs budget.

Sure,it is possible to change such anomaly,but I think there are 0% will in DASH team for it.They will go in same direction as much as they can(as much as market will allow to them).

I think they are counting to piggyback on BTC and ETH rally,but this time it is different situation than it was in 2017.Then ,the rally was induced by huge number of retail investors,now institutional investors pave the way.Problem is that 99% of them are investing only in BTC and ETH.Will anyone really think they will put millions in DASH without thorough investigation and due diligence?


6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 19, 2020, 09:21:19 AM

All i can really conclude from all of this, is that it does not matter if a coin is 100% mined or not (price performance wise).
The rest is just noise.

Who cares about "Price performance". It's not marketcap.


XRP : from $3.84 to $0.290 (92,41% drop in price)
Luckily for XRP users they still have $9.800.898.326 marketcap Roll Eyes

Bitcoin Cash : from $4,329.52 to $244.60 (96,25% drop in price)
Luckily for Bitcoin Cash users they still have $4.543.883.586 marketcap Roll Eyes

Cardano : from $1.33 to $0.106 (91,99% drop in price)
Luckily for Cardano users they still have $3.363.006.557 marketcap Roll Eyes

TRON : from $0.300 to $0.0257 (91,58% drop in price)
Luckily for TRON users they still have $1.761.495.343 marketcap Roll Eyes

NEO : from $194.79 to $15.62 (91,99% drop in price)
Luckily for NEO users they still have $1.100.397.342 marketcap Roll Eyes
 
Litecoin : from $375.29 from $73.75 (80,38% drop in price)
Luckily for Litecoin users they still have $4.892.155.470 marketcap  Roll Eyes

Source : messari.io (% down from ATH)

If i had to choose between focusing on price performance or on marketcap, i would always choose price performance.
Because price performance will hit my investment directly.



You cant get right results by doing wrong comparisome.

BCH had 2 forks and its poor result is result of major problems inside its community.Its latest offshot,almost meaningless BCHA,despite its huge problems to ensure mining, has 2x bigger Buy orders than DASH.


Lets make comaparisome with coins which existed BEFORE last bull run in 2017 and see its prices in BTC before bull run and now :

- XRP price BEFORE bull run in 2017 was 0.00000427 BTC, now it is 0.00001636, so today price is 3.83x bigger than before bull run in 2017,

- LTC price BEFORE bull run in 2017 was 0.003 BTC, now it is 0.0041, so today price is 36.7% bigger than before bull run in 2017,

- DOGE  price BEFORE bull run in 2017 was 15 Satoshi, now it is 16, so today price is 6.7% bigger than before bull run in 2017.DOGE Buy orders are also 18x bigger than DASH on Binance



- TRX didnt exist before 2017 bull run.Lets use its price before major bull run in January 2018 - 0.00000018 BTC,now it is 0.00000145, so today price is 8.05x bigger,

- Cardano also didnt exist beofre 2017 bull run.Its price before major bull run in 2018 was 0.00000570 BTC, now it is 0.00000600, or 5.2% bigger .Take a note that it is POS coin,

- NEO - its price before its major bull run in December 2017 was 0.001838,now it is 0.000885 or 52% lower.What is interesting about it is that 50% of its coins was sold in token sale and 50% went to NEO council and devs.So,50% of its coins which went to devs and NEO Council had 0 basis cost,very similar concept with DASH where 50% of coins go to masternodes with almost 0 cost too.


- DASH - its price before its major bull run in 2017 was 0.01 BTC,now it is 0.0047 or 53% lower.Its Buy orders are on very,very low level,which is even bigger reason to worry than its price.DASH performance is so poor,than it is hard to compare it with any other coins. From similarites in coin distribution with NEO,you can see devastating influence on coin when 50% of its coins are distributing with 0 cost.

I coud not find any coin which exists before bull run in 2017 which such poor performance as DASH.

7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 16, 2020, 10:44:45 AM
Miners risks are much bigger. Miner has to pay off its expenses and equipment for a maximum of 1 year.Due to running equipment on almost constant 100% percent capacity,miners equipment cant last much as an ordinary computer.If it holds a year, it is a huge success.It is not coincidence that miners producers give just 6 months of guarantee.Plus new,much more efficent equipment will make it obsolete just after a year.


One example - If a miner is running the best DASH miner SPx36,which costs $7000 per unit,just to pay off its cost in a year,it needs to generate $19.18 of pure profit every day.Now if we add costs of electricity,saying it is using the cheapest available electricity of $0.05,it will cost him additional $5.28 per day.

So,to pay off costs of miner and electricity, just one miner SPx36 will need to make 19.18+5.28 = $24.46 of pure profit every single day !

Now,such miner generates loss of $0.96 every day,so miner with just one SPx36 will generate a loss of for a year of 365x0.96 + 7000 = $7350.4


This example clearly shows how mining DASH for ordinary miners which are not large masternode owners is extremely unprofitable.No ordinary miner will let himself to generate such massive losses. Ordinary miner wants to earn as much as possible with the lowest risk.That is a reason why they are mining only the most profitable coins like BTC and ETH,hugely disregarding others.

When people are talking of DASH masternode profits, talking about masternode today costs of $77000 and how its yearly profit is so low for such of investment is completely wrong. Historic charts clearly show that 4500(90%) of masternodes were established before previous bull run for a cost of max$15000. They were paid off for a many,many times ,so today ,they generates pure profit to its owners and every price above 0 is good for them.


  
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 15, 2020, 01:23:46 PM
Is DASH mining profitable?  Huh We've heard some FUD over the past several pages, let's examine the situation.
Best DASH miner https://strongu.com.cn/Home/Goods/goodsInfo/id/263.html?lang=en-us 420GH/s @ 2100W, cost of electricity?  Hard to know for sure, but miners are paying wholesale, let's try with 5c/kW/hr.  Current network difficulty and price  https://stats.masternode.me/network-report/391814  6,080.12 TH/s network hashrate, $75.74 dash/USD.  Blocktime 2.625 minutes and coinbase 1.44 DASH.  Right!  Let's get to work!

One miner is .42TH/s or 1/14476th of the nework's hashrate, so he is getting 1.44/14476 = 9.947172095e-5 DASH every 2.625 minutes, or 0.052567 DASH/day.  That is $4.13/day based on current price, his electricity costs would be $0.05kw/hr * 24hr * 2.1kw/hr = $2.52 per day


So, the summary is the miner is making $4.13 a day.
The electricity is costing him $2.52 a day.
The profit is $1.61, or 39%.

Seems that mining is profitable, that must explain why the hashrate is up.  Sure I have accounted for the CAPEX here, but getting bulk miner pricing is also hard, then there is the matter of tax write-offs on a depreciating asset, when running a business, these costs can be driven down very low.



It will be great if it works as advertised.Unfortunately, Strong STU-U6 proved as a great failure.First,it got with a hashrate 50% lesser than advertised and power consumption almost double higher.Even then, it did not work with these highly reduced features,frequently failed after just 2-3 weeks of work.Forum is full of posts of angry people who bought it:

https://bitcointalk.org/index.php?topic=5210117.0

https://bitcointalk.org/index.php?topic=5202561.0


Soon after,its reseller Eastshore posted that company which made Strong STU-UT6 is on the brink of bankruptcy,riddled with debt to suppliers and customers:








The best DASH miner which REALLY works is Spondoolies SPx36. It gets 540GHS with power consumption of 4400W and staggering price of $7000 per unit:

https://www.spondoolies-tech.com/products/spx36


Even such beast of miner is largely unprofitable with the cheapest electricity of just  $0.05.It should be noted that many miners does not have access to such cheap electricity:







So,as you see ,it is not FUD.  You cant mine DASH and be profitable even with the best available miner on the market and with access to the cheapest electricity.


9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 14, 2020, 01:17:48 PM

Please provide evidence tying miners to operating also masternodes and please provide evidence that such combo is directly responsible for Dash price decline.

It's actually more incumbent on you to demonstrate that they're not since the protocol encourages hybrid mining as the most profitable configuration.

It is not me supporting thunderjet assumption that miners also operate masternodes and are behind Dash price decline. And it is not me needing to provide evidence for those assumptions.
The ball is clearly in you and thunderjet corner.

If you can't find any evidence then this will just remain a base-less assumption, a personal opinion that is lacking evidence.


No,qwizzie,ball is in your goal.A lot of them,but you are in "this is not happening " mode.

- Your assumption is that DASH miners are group of DASH huge fans, which are mining immensely unprofitable DASH for months,because they love to do that.You cant explain why they would destroy themselves or why other miners in other coins shutdown theirs machines when price of mining goes close to break even point.

- You are denying that large masternode operators were become the biggest DASH miners,despite obvious fact that mining is only profitable if you get 50% of coins at 0 cost.Basically you are supporting total fiction that DASH miners are group of people who are willingly sacrificing theirs money for months just to help DASH network afloat.I have never heard for such generous miners.Did you?

- Dash immense price decline is not only because large masternode operators became DASH main miners,but such situation strongly helped that decline was worse then it would be.Simply,because they have in theirs hands network and mining,getting 50% of coins with 0 cost,helped them to eliminate need for ordinary miners and need for supporting price above break even point to prevent network crash,

- If you look at DASH/BTC chart,you can clearly see that DASH has far the worst performance among coins who existed at least a year,before 2017 bull run.DASH price before bull run was 0.01 BTC.Now it is 0.0048( 50% worse,see connection Wink).There is not at one coin,which price in BTCs went so below its price before 2017 bull run. Cant look at ZEC,because its price was massively overvalued at the beginning,  


Signs of serious problems caused by giving masternodes reward far greater than it is acceptable are all around you.When you get such unnatural union between large holders and miners you get a coin prone to massive manipulaton and extreme amplitudes in price - massive short living pumps and even more massive dumps,after it, coin remains dead for a years.

Today market has also one significant difference than market in 2017.In 2017, altcoins prices were bound to BTC.Trading pairs with BTC were dominant.During that bull run and especially after it,situation changed a lot.Altcoins decoupled from pricing in BTC,so price in USD and trading pairs got a main role. Situation is such that we could see rally of altcoins in USD ,but at the same time theirs price in BTC will decline or will be far below prices in BTC  seen in 2017.I think that so call "negative rally" can easily becomes reality for the most of altcoins,except for few the biggest.We shall see.


10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 13, 2020, 08:59:50 AM
Historical data about masternode number shows complete correlation with dumping of some masternodes coins during bull run and rebuying after it. It cant be more obvious,but if you choose not to see than it is your choice and talking about it becomes futile.

There is no assumptions.Masternodes number fell just 12% during bull run,it is a fact. 12% owners sold coins,others 88% not. Your assumtion is that 88% are some unbeliveably stupid, crazy rich people who are so stupid not to profit when price of coins went up 100x and more? Maybe there are few of them,but overwhelming majority of people which made a lot of money are far from stupid.

I dont know if it is a conspiracy or not,but I know that DASH mining is deeply unprofitable for a long time if you are not running masternodes too. Also,all decisions by DASH team were in direction to remove ordinary miners from mining DASH and despite mining is so unprofitable ,they are continuing with decisions which will make it even more unprofitable. That is no make any sense,except if they are directly supporting system where big masternode owners take control over mining too.

What masternode owner have to mine DASH over anyone else? - Well, everything. Large masternode owner will take complete control of coin by controling masternode network and mining operations.He can mine coins below any price(50% lesser) ordinary miners can. On such way he can manipulate market with no problem,by selling coins to push price almost to 0 or to stop selling if he wants to push price up.He has not to fear what will miners do during the pump,when will they dump theirs coins or save them. He also has not to fear from pushing price too low, which can cause miners to shutdown mining and endanger network.Due to reward of 50% free coins with 0 cost and mining control,he can dump coins as long as he wants,until he sinks all other investors and miners, by pushing price to almost 0,forcing them to sell with huge losses.

- Controling masternode network,

- Controling mining operations and supply

From two things above, control of market ,price and coin itself by removing any competition and uncertainity from miners or investors side is a inevitable consequence.

That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.

Only problem is to push demand by finding enough fools to buy 0 cost coins for a price as high as possible,when the time of pump comes and dump hard on them later.That is why we have so much false positive news and false positive opinions on forums, trying to make hype as big as possible, counting on stupidity and greed of unexperienced newbies.

You're talking about stuff that any whale does for any coin. You fancy yourself a detective that has somehow discovered something based on a whole lot of assumptions just so you can pat yourself on the back in pride that you are so knowledgeable. You must be rich but then why would you be here? I've made no assumptions. I didn't say 12% sold and 88% did not. This is your assumption. You also base your opinion only on net masternode count changes, not as they happen. You don't consider OTC markets. You don't even consider coins not dedicated to masternode collateral. You make assumptions that if a new masternode was setup that those 1000 coins must have just been bought and if a masternode comes down, then the 1000 coins must have been immediately sold.

I didn't call anyone stupid. You did. You called people like toknormal stupid for not selling at the last ATH. I'm more sympathetic. It's human nature to get caught up in the euphoria and not take profit when one should. Most do not do well in markets... many studies show much less than 10% have the emotional fortitude to buy when everyone is crying (hint: like now) and sell when everyone is celebrating.

You still haven't completely answered the question. Why would a masternode owner continue to mine DASH if it's not profitable? Why wouldn't they mine XMR? Why wouldn't they buy more DASH than what they could mine for cheaper? Then they could control and have even more masternodes, no? What advantage are they really gaining by also mining DASH. They already have the power to push the price lower than is affordable for a DASH miner to be profitable at. And what if your theory happens to be correct? What if some masternode owners are actually also mining and inefficiently achieving the goals you claim they are when they could do it far cheaper? What then? What does that change? You think BTC has not been manipulated by very large holders since it was created?

Institutional investors are buying DASH. There's a reason it's on Coinbase. There are public companies trading on major stock exchanges that have invested in DASH.

Although DASH is only in the top 30, it has far more worldwide exposure than many of the coins ahead of it on CMC. Time will tell but it seems to me 2021 is going to be sweet.





Iam not some  "fancy detective" and only "pride" I got from mine involvement was a pile of insults.I told you - all data about masternodes are facts and if you look at chart you can see 100% time correlation between masternode numbers huge drop and bull run.Sure,same masternode owners sold theirs coins on OTC market ,so what? That did not change the fact they sold them for a huge profit during bull run.You told me that if they closed theirs masternodes,that does not mean they sold coins.So,tell me the reason why would few hundered masternode owners suddenly stopped theirs masternodes during bull run?  To stay without profit from running them and keep coins in theirs wallets in the time when price goes 100x up? Really?

About "stupid" people - Yes ,some people did not sell theirs coins during last bull run.Iam sure they regret it deeply now,but even the smartest people can make bad or stupid decisions sometimes.If you run masternode,it is different situation.You earned enough money to pay off yours investment many times,but not as much as you could if you sold coins during bull run and rebuy them later.It is more like business decision - you think that you can earn more on the long run,but only time will tell you if you are right or not. You can afford yourself some gambling if you already paid off yours investment many times.

Why would a masternode owner continue to mine DASH if it's not profitable? - It is not profitable for ordinary miners,not for them.If you are a large holder,you will want to control market as much as you can.By controling network and mining you will achieve full control of network and market.If you are not control mining ,you have to be very carefull not to endanger network with pushing the price far below miners break even point.Getting 50% of mined coins at 0 cost put you in favourite position to eliminate ordinary miners,control supply completely and push the price so low that you can crush remaining investors with ease while preserving coins network.Absolute,unlimited power.








Large holders will always want to manipulate any coin as much as they can.But if you control mining and network it is far more easier and cheaper.

I did not find any evidence that institutional investors are buying or bought DASH.Trading on Coinbase is not evidence.It would be great if it is true.


11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 12, 2020, 12:58:26 PM
4500 masternodes were established before 2017 bull run.During it,only about 12% sold theirs coins,despite price went up more than 100x. If DASH was truly decentralized,we would see a huge selling of masternode operators coins during the pump and later slowly rebuy.Not at one investor would miss such opportunity to earn 100x, except if you are the one who pump coin and cant dump on yourself.That was first major sign of highly centralized ownership.

Only 12%? Tell me, how did you figure that? Did you actually track all the masternodes as they were taken down to be sold? How do you know they were sold at all? How do you know if they weren't just moved to a new address?

Not one investor would miss such opportunity to earn 100x? Just in this thread I see more than a few Dash hodlers who held too long and did miss the opportunity to earn 100x. I get the distinct impression that toknormal and other disgruntled masternode owners didn't sell during the bull run and that is part of the bitterness they bring here now.

Now all the talk about which coin is more decentralized seems pointless.

Do you really think BTC is that decentralized? How many people in this world own any yet?


Simply, take a look at historic chart of DASH masternodes and you will see how much masternodes number fell during bull run.

Looking at the historical chart, I could determine that many new investors rushed in to set up masternodes. So your math is too simple.

Sure,some masternodes owners missed opportunity to sell theirs coins at 100x or more bigger price. But 88% is way too high percentage. People who invested so much money in running a large number of masternodes are not fools.

More than some missed out I believe. You continue to make conclusions based on assumptions. Why?

Most coins are more or less centralized.Problem with DASH is too much centralization which suffocates coin more and more :

Like I already asked... do you think BTC is decentralized? How many people in this world actually own some?

- 1000 coins condition for masternodes favourites big investors and inevitable led to further centralization. 50-100 coins threshold would be more appropriate if the goal was decentralization,

- 50% masternode reward is way too much for service they provide. Consequence is that large masternode operators due to such high reward got ability to eliminate ordinary miners,because 1 coin costs them 50% of what is cost for ordinary miner.That led to further centralization,making dangerous and unnatural union - big masternode owners are also the biggest miners,

- DASH mining became highly unprofitable,except if you are at the same time big masternode owner and the miner.As a response to this situation ,DASH team made decision to give even more coins to masternodes.That would make mining even more unprofitable and cause death of any POW coin.But ,in the case of DASH, mining operations are already in the hands of big masternode owners,so there is no such danger.This decision will just help them to put even more money in the pockets and make theirs grip on DASH even stronger.It is impossible that DASH team did all of that unintentionally.

To make citation from Ian Fleming Goldfinger: "Once is happenstance, twice is coincidence, the third time is enemy action."

Your whole masternodes running miners conspiracy is a bit comical. Again, what advantage does a masternode owner have to mine DASH over anyone else? Why can't a XMR miner mine DASH just as well? You're saying to control DASH? What does that even mean? Why not buy DASH on the open market or OTC for cheaper?



Historical data about masternode number shows complete correlation with dumping of some masternodes coins during bull run and rebuying after it. It cant be more obvious,but if you choose not to see than it is your choice and talking about it becomes futile.

There is no assumptions.Masternodes number fell just 12% during bull run,it is a fact. 12% owners sold coins,others 88% not. Your assumtion is that 88% are some unbeliveably stupid, crazy rich people who are so stupid not to profit when price of coins went up 100x and more? Maybe there are few of them,but overwhelming majority of people which made a lot of money are far from stupid.

I dont know if it is a conspiracy or not,but I know that DASH mining is deeply unprofitable for a long time if you are not running masternodes too. Also,all decisions by DASH team were in direction to remove ordinary miners from mining DASH and despite mining is so unprofitable ,they are continuing with decisions which will make it even more unprofitable. That is no make any sense,except if they are directly supporting system where big masternode owners take control over mining too.

What masternode owner have to mine DASH over anyone else? - Well, everything. Large masternode owner will take complete control of coin by controling masternode network and mining operations.He can mine coins below any price(50% lesser) ordinary miners can. On such way he can manipulate market with no problem,by selling coins to push price almost to 0 or to stop selling if he wants to push price up.He has not to fear what will miners do during the pump,when will they dump theirs coins or save them. He also has not to fear from pushing price too low, which can cause miners to shutdown mining and endanger network.Due to reward of 50% free coins with 0 cost and mining control,he can dump coins as long as he wants,until he sinks all other investors and miners, by pushing price to almost 0,forcing them to sell with huge losses.

- Controling masternode network,

- Controling mining operations and supply

From two things above, control of market ,price and coin itself by removing any competition and uncertainity from miners or investors side is a inevitable consequence.

That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.

Only problem is to push demand by finding enough fools to buy 0 cost coins for a price as high as possible,when the time of pump comes and dump hard on them later.That is why we have so much false positive news and false positive opinions on forums, trying to make hype as big as possible, counting on stupidity and greed of unexperienced newbies.



12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 11, 2020, 09:24:15 PM
4500 masternodes were established before 2017 bull run.During it,only about 12% sold theirs coins,despite price went up more than 100x. If DASH was truly decentralized,we would see a huge selling of masternode operators coins during the pump and later slowly rebuy.Not at one investor would miss such opportunity to earn 100x, except if you are the one who pump coin and cant dump on yourself.That was first major sign of highly centralized ownership.

Only 12%? Tell me, how did you figure that? Did you actually track all the masternodes as they were taken down to be sold? How do you know they were sold at all? How do you know if they weren't just moved to a new address?

Not one investor would miss such opportunity to earn 100x? Just in this thread I see more than a few Dash hodlers who held too long and did miss the opportunity to earn 100x. I get the distinct impression that toknormal and other disgruntled masternode owners didn't sell during the bull run and that is part of the bitterness they bring here now.

Now all the talk about which coin is more decentralized seems pointless.

Do you really think BTC is that decentralized? How many people in this world own any yet?


Simply, take a look at historic chart of DASH masternodes and you will see how much masternodes number fell during bull run.

Sure,some masternodes owners missed opportunity to sell theirs coins at 100x or more bigger price. But 88% is way too high percentage. People who invested so much money in running a large number of masternodes are not fools.


Most coins are more or less centralized.Problem with DASH is too much centralization which suffocates coin more and more :

- 1000 coins condition for masternodes favourites big investors and inevitable led to further centralization. 50-100 coins threshold would be more appropriate if the goal was decentralization,

- 50% masternode reward is way too much for service they provide. Consequence is that large masternode operators due to such high reward got ability to eliminate ordinary miners,because 1 coin costs them 50% of what is cost for ordinary miner.That led to further centralization,making dangerous and unnatural union - big masternode owners are also the biggest miners,

- DASH mining became highly unprofitable,except if you are at the same time big masternode owner and the miner.As a response to this situation ,DASH team made decision to give even more coins to masternodes.That would make mining even more unprofitable and cause death of any POW coin.But ,in the case of DASH, mining operations are already in the hands of big masternode owners,so there is no such danger.This decision will just help them to put even more money in the pockets and make theirs grip on DASH even stronger.It is impossible that DASH team did all of that unintentionally.

To make citation from Ian Fleming Goldfinger: "Once is happenstance, twice is coincidence, the third time is enemy action."



 
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 11, 2020, 05:23:30 AM
Thank you thunderjet for confirming you are currently not invested in Dash (0 Dash) and for confirming that you plan to keep pushing a false narrative about Dash wealth distribution being centralized,
thereby disregarding hard evidence from the Dash blockchain itself, that very clearly shows the opposite (that the Dash coin wealth distribution is highly decentralized).  

Link : https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644

That is all i needed to know. I can safely put you on ignore now.


Here you go again with trolling. Sorry qwizzie,but you dont have birthright on truth or talking about DASH.

Everything I said is truth.You dont have any arguments against it. DASH was made for big holders.Every decision is subjugating to interest of big holders of masternodes and disregarding everyone else.Ownership decentralization exists only in your dreams.Chance for it was missed long time ago.

DASH mining is extremely unprofitable for a long time and what decision DASH team made about it - to make it even more unprofitable ,giving more of coins to masternodes. It is insane decision for one POW coin and finally make everybody crystal clear that theirs economic decisions are always only and only in the interest of big masternode owners and further centralization not only of coins possessions,but mining too.Complete control.Absolute power corrupts absolutely.


You said -  "Large Dash holders having to split their holding is irrelevant to Dash decentralized wealth distribution. They could all be sitting outside the top 10, top 100, top 1000 addresses.It does not change the decentralized nature of Dash wealth distribution."

Are you sure what you are talking about? You are admitting what I said that large holders of DASH splitting theirs coins on numerous addresses at least due to condition for masternode owners of 1000 coins on separate addresses and claiming how that means nothing for wealth distribution.Oh my God !


 




Just look at how much addresses have DASH wallets - hundreds per wallet,even in the case of small ones - https://chainz.cryptoid.info/dash/#!wallets






14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 10, 2020, 08:13:50 PM
I am still waiting on your evidence. I guess it is just easy to dismiss charts showing hard evidence that Dash wealth distribution is decentralized and not provide any evidence of centralization yourself.
Foolish behavior if you ask me. Specially if you keep emphasizing that Dash wealth distribution is centralized and the direct cause for Dash price being 'mercilessly trashed to oblivion', as you so eloquently put it.

By the way : do you still think Dash price is getting 'mercilessly trashed to oblivion' ? That most likely means you are not invested in Dash .. correct ?
After all why invest in a coin, you claim gets 'mercilessly trashed to oblivion' due to 'centralized' coin wealth distribution ?
It sure makes you come across as very Anti-Dash. Referencing some vague baseless unsubstantiated Dash exit scam, is not helping with that Anti-Dash impression either.


To thunderjet :

* Are you still convinced there are only 8,000-10,000 Dash circulating on Binance in total ?
Source : https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180

* Do you still think that there is not enough demand and that Dash chances to attract significant external capital is quite low ?

market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.

Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.

* Do you plan to keep spreading obvious lies about Dash wealth distribution being centralized somehow ?  

DASH wealth distribution is heavily concentrated

As i showed in my previous post Dash is very decentralized in its wealth distribution, almost twice as decentralized as Litecoin. This is directly supported by blockchain data (hard evidence).
Dash wealth distribution has a relatively low percentage concentrated in the top 10, top 100, top 1000 addresses and very large percentage concentrated in addresses outside of all that (68,2%).
Litecoin wealth distribution has a much larger percentage concentrated in the top 10, top 100, top 1000 addresses and a much lower percentage concentrated in addresses outside of all that (34,7%).

Link : https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644

Only trolls keep trying to spread FUD and lies about Dash somehow having a centralized wealth distribution. Are you a troll ?
If you are not a troll, then why do you continuously post these lies about Dash wealth distribution being centralized ?


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.

Quote
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.


Your "evidences" are not real evidences.Distribution charts you are talking about are completely useless.It shows nothing,because people who have a lot of coins do not put them all on only one address or wallet for security reasons and to protect themselves from tracking. After 2017,major KYC and AML upgrading protocols, splitting coins on numerous addresses and wallets became a basic rule for major holders.

Do you have any real evidence,direct or indirect that major DASH holders use only one address to store DASH? No,you dont. In fact ,major DASH holders are also major masternode owners and condition about 1000 coins per masternode helped further coin splitting.

4500 masternodes were established before 2017 bull run.During it,only about 12% sold theirs coins,despite price went up more than 100x. If DASH was truly decentralized,we would see a huge selling of masternode operators coins during the pump and later slowly rebuy.Not at one investor would miss such opportunity to earn 100x, except if you are the one who pump coin and cant dump on yourself.That was first major sign of highly centralized ownership.

Second is making economic decisions solely in favor of masternode owners,disregarding miners interests completely.Giving 50% of mined coins to masternode owners,just helped further centralization of power,because huge masternode owners got a lot of basically free coins,dumping them on market mercilessly,pushing price of coin deep in red and make it completely unprofitable for ordinary miners.

Do you really think that miners are idiots,mining deeply unprofitable DASH for months ,ruining financialy themselves? No, they are not idiots and people who are now mining DASH are not real miners but huge masternode owners.Thanks to hefty 50% reward they pushed ordinary miners from mining and took over mining,getting coins by far less price than it would be a case if 100% of mined coins go to miners.Despite obviously disastrous decision of giving 50% to masternode owners,now they are pushing for further increase of that reward.Even idiots can see that now huge economic disbalance in DASH will grow further.

Third,a deliberate decision that you need 1000 DASH to run a masternode was in favor of huge owners and coin centralization ,because owning just one masternode needs a lot of money,too many for ordinary people.

If the goal was true decentralization, condition for masternodes would be 50 to 100 DASH ,something that many people could afford.We would have a far more masternodes than today,which ROI will be in acceptable margins and one truly decentralized coin.

So,as you see ,all decisions were made to make DASH centralized as much as possible,completely in favor of big holders.

Yes,I think that due to a lot of free coins,huge masternode owners are mercilessly dumping coins for almost 3 years.Every price is good for them.They paid off theirs investments many times and have no reason to keep free coins they are getting.They are constantly removing liquidity from DASH,so DASH Buy orders fell almost to 0.

Is that looking like scam in progress? - Unfortunately,yes.I saw similar behaviour many times in other coins with same result. I sincerely hope so that DASH will not end like a major scam coin.Coin price is not a major problem,it is just a consequence of earlier bad economic decisons of DASH team.Empty Buy orders are something to worry about much more.One bigger order on 0.0041 BTC does not mean anything.It can be a false Buy wall or someone willing to gamble ,thinking to collect DASH on extremely low price and that DASH will not go much lower in future.

I had small investment in DASH during 2016,about 80 coins and sold them during 2017.Despite that DASH has a very good software team, due to poor economic decisions of its team I didnt reinvest money in it. I kept my eye on it ,because I thought it has potential and good technical team.

DASH made few very bad economic misses in a row,losing brilliant chance to become rival of ETH and to take over significant part in smart contracts using,which propped ETH so much.Some things can be changed and improved ,but damage is already very high and damage control unit is nowhere to be seen.



 
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 10, 2020, 11:57:39 AM
Always nice to see some whale activity on Binance.


Source : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=1d

Will that 13K Dash buy wall with a total worth of almost $900,000 hold ? or will it be fake ? or will it slowly move upwards ? Stay tuned...
For those wondering : i grouped the orders to the max (+). There is one large buy-order (11,1K Dash at 0.004150) we should keep an eye on.

To thunderjet :

Are you still convinced there are only 8,000-10,000 Dash circulating on Binance in total ?
Source : https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180

Do you still think that there is not enough demand and that Dash chances to attract significant external capital is quite low ?

market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.

Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.

I just love it when the Dash market in just 3 days directly invalidate these baseless poorly thought-out opinions and a blockchain explorer clearly expose lies
being spread about Dash wealth distribution. Grin

DASH wealth distribution is heavily concentrated

Such a nasty little liar, that thunderjet.
See my previous post to understand why that is such a nasty lie.
Dash is almost twice as decentralized in its wealth distribution as Litecoin.


Carefully read mine post before you talk about it. I was talking about sum of SELL orders on Binance -  "Sum all of sell market orders for DASH on different pairs and you get 8-10000 coins on Binance."

So you lied. Again.

Now you see one relatively big order in a year on awfully low 0.0041 BTC and think how capital will flow like a river in DASH? Really? That order can absorb selling of just 12 masternodes or 0.0024% of all masternodes.


Will see if that order hold when price come to 0.0041.

And yes,DASH wealth distribution is heavily centralized.Many other coins too.Chart of addresses does not mean anything,because people who possess a lot of coins do not held them on only one address.Masternode 1000 coins condition rule has a significant role in redistribution of coins.Tell me why only 12% of masternodes sold theirs coins in 2017 bull run ,when DASH price jumped more than 100x. Are they so stupid not to cash on such opportunity and rebuy later? Or they cant dump on theirs own pump?

Iam not DASH hater as you are trying to present it.Nor a liar. You are the one who is distorting truth,putting problems under carpet and call anybody who does not think that everything is OK with DASH a fudster,liar or something worse.Classic troll behaviour.

Such attitude wont help DASH.On the contrary,it will raise even more suspicion about it as a potential exit scam in progress.

I understand that data in mine posts heavily bother you.Obviously you are losing nerves and starting with insults and misrepresented or false data.

Iam sorry about it.Truth hurts at first but is healing on the long run.

16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 07, 2020, 01:14:12 PM

Your prediction: Dash goes to $6 (do you wish to take that back yet?) because you believe the masternode rewards are too high vs the costs of running a masternode... the same incentives which led Dash to a high above $1500 the last time.

I don't see it.

I'm simply accounting for the value that goes into the market and what happens to it. None of what you write addresses this, yet we're forced to do it for bookkeeping purposes. We have revenue, therefore there's a cost. The question therefore arises of who bears that cost and where ? It doesn't matter whether the coins get sold or not, it's still the same bookkeeping cost impact because debits must equal credits.

So you're basically saying that 2+2 can equal 8. That Dash can take pure revenue from the chain at zero difficulty week after week and still expect its capital value to grow while all the other mined chains have to hash out every block. Do you realise how ludicrous that sounds to any serious new investor who sits down to do some due diligence appraisal of Dash as a long term investment ? Even our utility doesn't grow - not because we lack features but (ironically) because we're such a poor store of value.

At a price of $3500, masternodes are at a pure profit of $4500 per week - for performing no economic work. Margins like that simply get repriced into oblivion in no time which is what happened at the last ATH which lasted only a matter of days. Good luck in getting out inside that window the next time it comes around.

There's got to be some fundamentals of the coin economics that square for the thing to be investible. It isn't enough just to talk about market cycles because there's far more Peercoins and Bitshares out there then Litecoins and Moneros. If BCH blows up the natural successor is Litecoin, not Dash because we're talking about store of value not utility. The chain doesn't have to be useful to be a good store of value but it does have to be a good store of value to be investible. The only thing you have in that regard in the absence of mass adoption, is mining.

P.S.

You say Litecoin has completed a bear market cycle and Dash has yet to complete its. Well Litcoin is at 1/10th of its ATH against Bitcoin and never went below it. Dash is ALREADY at 1/27th. So we're getting kind of late in pulling out of the nosedive. We'd need to dig ourselves out of the ground first.

You overstate the impact of masternode rewards vs the amount of money that will (and has now started) to flood the crypto markets. First BTC, then to the alts once BTC matches its previous ATH of $20K. BTC has done this twice now, I'm betting it will do it a 3rd time.

Now, let's look at PPC, XMR, LTC and Dash and use monthly (candle bodies, not wicks) highs and lows.

PPC: Nov-Dec 2013 = $9*, Dec 2016 = $0.16, Dec 2017-Feb 2018 = $4.42, Nov 2019 = $0.16
XMR:                                                           Dec 2017-Jan 2018 = $330, Jan-Feb 2019 = $42
LTC: Nov-Dec 2013 = $41, Apr 2015 = $1.50, Dec 2017-Jan 2018 = $230, Dec 2018-Jan 2019 = $29.70
DASH:                                                          Dec 2017-Jan 2018 = $1021, Dec 2019-Jan 2020 = $40

* couldn't 100% verify the $9 for PPC as all exchanges that traded PPC back then are gone...

Many coins bottomed out beginning of 2019, Dash was roughly $66 then and is different in that it hit a new low beginning of 2020 at $40 before exploding to the upside over 3x almost alone among all the cryptos. Dash does have a habit of doing this, moreso than other cryptos. I do think the slowness of Dash hitting its low is because of the incentives for masternodes to hold longer therefore it took longer for capitulation.

I still find it ridiculous for you to compare DASH to PPC as PPC ceased all development for a number of years and yet still rallied to hit 50% of its previous ATH. So, it shouldn't be a stretch to think that absolute worst case scenario is Dash hits $500 on a closed monthly candle in the next bull run. But Dash has not ceased development, has a number of institutional investors involved, has more exposure than the majority of other alts and has this new thing called Dash Platform coming out.

Once the alts hit their bottom vs BTC, it is quite logical to expect alts to rally in a major way to the upside. It's happened twice now, what has substantially changed to stop it from happening the 3rd time? What will prevent money from being poured into Dash while at the same time it's being poured into LTC and XMR? And let's assume that LTC and XMR rally first, this is very possible... do you think those holders won't diversify into a cheap Dash if it hasn't rallied yet? When Dash first rallied in Feb 2017, you could buy 21 LTC for 1 Dash and 8 XMR for 1 Dash... with such a huge divergence in relative prices only a couple of things can happen, Dash price goes down to correct the ratio or LTC and XMR's price rises to correct the ratio. The latter happened because the bull market had started.

Dash's last rally at the beginning of this year occurred in the bear market, so Dash corrected to the downside.

Now, I've made this point before but it should be repeated. Mining is a clever way to create an arm's race to drive up number of competitors and it works to a certain extent until there are more options to acquire coin other than from a miner. XMR is almost fully mined, maybe already in tail emission for block rewards so I reject the notion that the few coins mined a month would drastically push up the price vs the coins put up for sale mined years ago for much less. Inflation rate has more effect on price. Dash's inflation is still high, if not the highest, among the top mined coins. The more new supply, the more new demand you need to offset that. You are not going to get that in a bear market.

On another note, PPC has started development again over the last year or so... I wouldn't be surprised to see it hit $20 at least.


I think you are right that relatively soon after BTC comes close or crosses ATH,that money will start to diversify in other coins.But I disagree that it will happen like in 2017,because it is different situation on market today. When BTC reached $20K in late 2017, there were about $2 billions in crypto.Now it is almost $22 billions or 11x more.With BTC production cut to half,there is real chance that BTC will explode in next year and surpass $100K boundary.

What is different now is money distribution.2017 we had BTC on one side and all altcoins on the other side in more or less same situation.But now we had a situation that money is highly concentrated in only two blocks - BTC and ETH,which includes ETH and other coins and tokens based on it.That two blocks sucked almost all money invested in crypto.There is also much more institutional investors than it was in 2017,but theirs capital is also concentrated in just few coins - BTC,ETH,LTC,BCH,XRP,XLM.

So ,in 2017,all altcoins were in more or less same position and money distribution after BTC reached ATH, was also more or less equal.I dont think so that it will happened again,because capital is now concentrated in just few coins.Probably only few greatest altcoins will be pumped hard,while others will suffer small,so call exit pumps,propagated by big bagholders ,desperately trying to rid off of toxic assets.

Of course,few suprises are possible.What will happened with DASH?  Good is that DASH has a nice technical developpment,but it was accompanied with very bad decisions in its economics part which reflected on its price and generally very little demand for it.As you can see DASH Buy orders are almost empty and it is much bigger problem than its actual price.Buy orders are at 20x lesser level than in its rivals.Memecoin like DOGE has 60x bigger Buy orders than DASH !!

If you look at higher time frames,you can see that DASH behaviour is quite different from BTC or ETH.Both,BTC and ETH had obvious capitualtion,followed with very high volume.DASH had not,but it is slowly bleeding for 3 years,obviously caused by constant selling pressure of masternode free coins and very low demand,now in phase when almost 100% capital was drain off.

DASH wealth distribution is heavily concentrated,market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.Obvious sign on DASH high centralization is 2017 bull run.From 4500 masternodes only 13% of it, sold coins during the pump when DASH value grew more than 100x. There is no investor who will miss such opportunity and in truly decentralized ownership we should see much bigger masternode coins sell off and later rebuy.

That pump was driven by people which holds vast majority of masternodes.These huge masternode owners already paid off theirs investments multiple times and  drained DASH to the last drop.They have no motive to risk theirs capital in making big pump again except greed.Empty Buy orders and almost every day ATL of DASH/BTC pair, are signs that they are not much interested in staying coin afloat.

Today, DASH is not in position like it was in 2017,when all altcoins were in almost same position.Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.As i said ,money is much more concentrated now than it was ever before,there is no interest of retail or institutional investors for DASH and mine opinion is that is more likely to see exit pump with flash crash.There are no chances for DASH without significant changes in DASH economy,especially between masternodes and miners,with huge reduction of masternodes reward(there are in no position to dump,because Buy orders are empty).Also there is little chance that they will do anything what would compromise theirs lofty positions.

With all its positive sides,DASH missed chance to become ETH true rival.


17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0 on: November 06, 2020, 08:45:58 AM
if you can help me, i´m gratifuul. hugs


Fee is OK, your transaction is in mempool,but somehow its priority is very low:

https://blockchair.com/dogecoin/transaction/398d36ceacecee4dcd9f9cc34ebbc0a82027efd92deb3f81f39b22858374b555?_search=header&_type=transaction


Eventually it will go through,but you can wait a week or more.Look at blockchain,because after some time,network removes transaction from mempool and then you can request from exchange to send your DOGE again.

18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 05, 2020, 07:24:24 PM

Sporks were invented by Evan Duffield in 2015

And at that time Dash was around $5-$7 or less. Masternode rewards were around $30 per month, allowing a hosting cost of, say $27 per month to be fully recompensed with a 10% margin to spare.

See ? Evan Duffield established the idea that:

#nodesAreNotACharity
#setMarginsAtParity
 Wink

That's why Dash was an efficient store of value back then - investor's capital went into capitalising the chain and not holiday cruises for masternodes. But as the price rose, hosting costs did not rise with them and so more of that capital should have gone into mining to keep the supply scarcity high and capitalised. Instead it didn't and masternode margins kept getting more & more bloated which is why we are now suffering from catastrophic deflation.



If you look at historic chart of DASH masternodes you can see that 4500 masternodes were established before 2017 bull run for cost of about $15000 per masternode.I did calculation how much profit one such masternode made for period 2017-2020.I took average price for every month and that masternode reward per month is 4.75 coins:

02.2017 - 4.75*24.49 = 116.33
03.2017 - 4.75*75.04 = 356.44
04.2017 - 4.75*76.95 = 365.51
05.2017 - 4.75*111.54 = 529.82
06.2017 - 4.75*157.55 = 748.39
07.2017 - 4.75*172.28 = 818.33
08.2017 - 4.75*293.48 = 1394.03
09.2017 - 4.75*310.31 = 1474
10.2017 - 4.75*292 = 1387
11.2017 - 4.75*526.33 = 2500.07
12.2017 - 4.75*1097 = 5210.75
-----------------------------------
Total 2017 = $14900.67


01.2018 - 4.75*929.5 = 4415.1
02.2018 - 4.75*563.8 = 2678.03
03.2018 - 4.75*454.23 = 2157.57
04.2018 - 4.75*413 = 1961.75
05.2018 - 4.75*403.47 = 1916.48
06.2018 - 4.75*276.24 = 1312.14
07.2018 - 4.75*245.47 = 1165.96
08.2018 - 4.75*178.17 = 846.28
09.2018 - 4.75*191.69 = 910.5
10.2018 - 4.75*169.3 = 804.15
11.2018 - 4.75*130.68 = 620.73
12.2018 - 4.75*79.7 = 378.55
------------------------------------
Total 2018 = $19167.24


01.2019 - 4.75*75.53 = 358.74
02.2019 - 4.75*79.04 = 375.42
03.2019 - 4.75*93.95 = 446.24
04.2019 - 4.75*122.1 = 579.95
05.2019 - 4.75*143.51 = 681.67
06.2019 - 4.75*163.16 = 775.01
07.2019 - 4.75*128.62 = 610.95
08.2019 - 4.75*95.48 = 453.53
09.2019 - 4.75*85.08 = 404.13
10.2019 - 4.75*69.06 = 328.01
11.2019 - 4.75*61.21 = 290.72
12.2019 - 4.75*45.99 = 218.43
-------------------------------------
Total 2019 = $5522.8


01.2020 - 4.75*92.02 = 437.1
02.2020 - 4.75*108.67 = 516.18
03.2020 - 4.75*63.14 = 299.89
04.2020 - 4.75*75.63 = 359.24
05.2020 - 4.75*75.06 = 356.51
06.2020 - 4.75*73.75 = 350.31
07.2020 - 4.75*80.54 = 382.57
08.2020 - 4.75*93.34 = 443.37
09.2020 - 4.75*76.38 = 362.78
10.2020 - 4.75*71.15 = 337.94
------------------------------
Total 2020(10 months) = $3845.89



Total 2017-2020 = $43436.6

Investment value = $15000

Pure profit = $28436.6 per 1 masternode (that is buying a lot of cruises Wink )

or $127.96 millions for 4500 masternodes established before 2017 bull run.

So $127.96 millions of pure profit were sucked off from market by masternodes

19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 04, 2020, 06:42:49 PM
<...>

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.

Please be informed that taking advice from thunderjet is not recommended, 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), 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 all the time, through Dash Locked Savings it seems.

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.

Iam not a fudster.Iam just trying to point on very poor economic decisions people who lead DASH did.It is so bad that DASH who could compete with ETH for a leading place among altcoins is ruined so much due to poor decisions.I will never tell the people to trust me and not to trust you.I strongly believe that people are smart enough to compare what are you talking and what Iam talking and make theirs own decisions.

Note - You are the one which does not what are you talking about or maybe you know and you are just pretending. IHodler was talking about LOCKED DASH STAKING, NOT SAVING(as you wrote) on Binance for a 7.12%.
There is even no 90 days Savings option on Binance,just for 7 days, 4.19% !!!

90 days option is only for LOCKED STAKING and I tried to show IHodler even bigger anomaly ,that  huge 17.67% interest for 10 days,far bigger than it is annual ROI for masternodes is clear sign that such big interest cant be from masternode running ,but from shorting DASH:

Hey gents!

I hold some DASH coins and since I don't own 1000 to run a masternode, I stake them on Binance. I wonder how can Binance pay me 7.12% interest on my coins when the ROI is around 5.6%-5.8% according to some online websites. True that I need to lock them for 90 days, but even so they pay more than they get if they are running a masternode with my coins. I know they are running a business and they need to make a profit not to lose money.
Are they privileged somehow or am I missing something else here.

Thanks!

Lets go further.

- DASH is centralized as many other coins.That means there are people which significant amount of DASH in theirs possesion which give them possibility to run coin as they want. 90% od DASH today masternodes were established before 2017 bull run.During that bull run number of masternodes fell from 4600 to approx.3800 - 600 mastenodes operators took opportunity, sold theirs coins and made more 100x (from $12 - $1500).

Why others masternode operators didnt do it and miss such fantastic opportunity to earn 100x or more on theirs investment and later rebuy coins for a fraction of price they sold coins? Who will miss such opportunity? Truth is simple - they dumped what they can,amount which market could apsorb in that moment.If there is true decentralization within masternode operators we would see massive dump and huge drop of masternodes number during pump ,not just 13%.It would be far,far greater number.

-  We all see that DASH mining is hugely unprofitable for a very long time,but despite it ,hashrate didnt drop. Why? Are miners so stupid and mining so unprofitable coin for a months,ruining themselves completely?  No true miner would do that,because they have no money to waste.But if you are huge masternode operator,your 50% masternode reward gives you unique opportunity to mine DASH on price which is deeply in red for ordinary miners.Huge mastenode reward gives opportunity for large masternode operator to drive out ordinary miners, take control of mining and through control of masternodes and mining take control of DASH itself.Then, it is simple to control the price,driving it so deep low for a long time,forcing other investors to sell them deeply in lose,crushing market with full force and preparing terrain for driving pump without virtually no hodlers remain.

- If there is no such huge masternode reward,big whales will have to support miners and not letting price goes down so much,make it unprofitable for miners.Otherwise coin would collapse.How much that price will be in that moment,that there is no reward for masternode operators and 100% of mined coins go to miners:

Today price of DASH is $65.On Coinwarz site you can see that DASH miner gets $0.87,while expenses are $3.60.If 100% of coins go to miners theirs reward will be 2x0.87 = $1.74. Expenses are $3.60 or 2.07x greater than reward.So break even price will be around 2.07 x $65 = $134.55

It is obvious that huge masternodes reward is making a black hole in DASH economy.Pointing on it is not FUD.Making masternode reward even bigger will just cause that black hole to grow and swallow coin completely.

FUD is what qwizzie doing - trying desperately to defend undefendable ,ignoring obvious problems,calling on few coins from the bottom of the bottom and with equally low performance,trying to convince everybody that everything is perfect - DASH is truly la la land.Problems will not disappear if you just ignore them.Such tactic can only fool new,unexperienced investors.

Iam not trying to convince anybody.Read every post,compare it and make your own research.


 
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: November 04, 2020, 09:18:29 AM
Hey gents!

I hold some DASH coins and since I don't own 1000 to run a masternode, I stake them on Binance. I wonder how can Binance pay me 7.12% interest on my coins when the ROI is around 5.6%-5.8% according to some online websites. True that I need to lock them for 90 days, but even so they pay more than they get if they are running a masternode with my coins. I know they are running a business and they need to make a profit not to lose money.
Are they privileged somehow or am I missing something else here.

Thanks!

You are right. Binance gives annual interest of 17.67% on locked DASH staking for a period of 10 days. Masternode annual ROI(in DASH coins) is about 5.78%. Such huge difference between locked staking interest and masternode ROI is possible only if locked DASH is using not for running masternodes,but for trading. Simply, DASH market is pretty much dead.With just 1-2000 coins sell you can ruin the market. 17.67% annual interest is about 0.48% for a period of 10 days.So ,Binance has only to push prices of DASH down for more than 0.5%(or $0.62) for a period of 10 days to make money.

Dash price is constatnly declining for 3 years,it is going down whether BTC goes up or down,Buy orders are empty and pushing price further down(more than 0.5% in 10 days) is not big problem or risk.
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