DASH Masternodes - the perfect motive for the instamine

[bitwolf]

So everybody say dash was instamined because of broken code, which was broken because (and everybody also admits that) the devs started the project as a joke.  SO I am asking. Please tell me: IS DASH A JOKE AND A SCAM by chance, or it is BY DESIGN A JOKE AND A SCAM.  I am very curious. Please tell me.

[generalizethis]

So everybody say dash was instamined because of broken code, which was broken because (and everybody also admits that) the devs started the project as a joke.  SO I am asking. Please tell me: IS DASH A JOKE AND A SCAM by chance, or it is BY DESIGN A JOKE AND A SCAM.  I am very curious. Please tell me.

Likely planned as they had the option of relaunching and didn't--and to put this in perspective, they had relaunched less than 24 hours before the infamous instamine, so the precedent was there, but not the will.

[dinofelis]

So everybody say dash was instamined because of broken code, which was broken because (and everybody also admits that) the devs started the project as a joke.  SO I am asking. Please tell me: IS DASH A JOKE AND A SCAM by chance, or it is BY DESIGN A JOKE AND A SCAM.  I am very curious. Please tell me.

Likely planned as they had the option of relaunching and didn't--and to put this in perspective, they had relaunched less than 24 hours before the infamous instamine, so the precedent was there, but not the will.

If I remember well the code wasn't even open source, no ?

[coinling]

If this is true, i still can't believe how DASH is any trustworthy.

[iamnotback]

remember before February 21, 2014, Evan already forked DASH from 84 Million supply to 18 Million..

clearly he is still not planning to tell the public about the masternodes in February 21, 2014 but since a guy asked him in reddit he was forced to speak about it....

In reply to: http://www.reddit.com/r/DRKCoin/comments/1yit1a/using_coinjoin_for_anonymity_is_errorprone/
--snip--
Masters

To defeat propagation problems, master nodes are elected each new block. They are responsible for being the authority of what goes into the joined transaction each session. This is done in a tamperproof way, but I think it’s not important to the discussion.
--snip--

So my prompting March 31, 2014, was not the reason he created mastenodes:

I wasn't going to mention this recent speculation of mine, but since you mention that...

I had thought that I had pushed Evan to the masternode concept (our own egos get in the way of our objectivity, but I think I just wasn't that interested to research more and accepted the easiest assumption). Someone dug up my post from back during the beginning of the Darkcoin.

But based on what I read recently about some statements Evan made during the XCoin stage before Darkcoin (c.f. the link @arielbit provided upthread), I am now speculating that Evan knew exactly that CoinJoin would require the scheme Dash became. I am thinking Evan wasn't this bumbling half-smart, amiable programmer I took him to be (i.e. not quite idiot and not quite sophisticated is what I thought), and instead had already devised a masterplan and my post was what he was waiting for, so he immediately after that suddenly had the idea for masternodes to prevent the jamming issue with CoinJoin. I haven't really delved into the forensic evidence to try to build a strong case. I don't have time (nor mental energy) for that diversion.

[dopamine]

Can you explain again how DASH is a scam when anyone could of bought DASH for pennies?

[dinofelis]

Can you explain again how DASH is a scam when anyone could of bought DASH for pennies?

First of all, I don't think dash is a scam, simply because it is crypto, and in crypto, by definition, there is no scam, as "trying to scam the other one" is the essence of the game (also called "trustlessness").

The "lie" if you want to, about DASH, is that it is a decentralized system, while it is most probably a totally centralized entity, because of the instamine and the masternode scheme.  I'm pretty sure the dev team has near half of the stash.  This implies that they have the full power of voting over the dash code, and hence the protocol.  There's not much "decentralization" in DASH.  That doesn't mean that people cannot obtain it, trade it, and so on.  Fiat is also perfectly centralized, and works: people can obtain it, use it, trade it. 

As such, it doesn't really qualify as a "decentralized crypto".  But, but: this is actually its real value, its real power.  By mimicking as a decentralized crypto currency, but by having, behind the scenes, the full power and flexibility of a centralized system, this makes a hell of a powerful system.  Most all of the hassle, difficulties and so on of crypto come from the axiom of decentralisation.  The need for consensus, and the immutability, which makes unwanted features (like full blocks) also immutable properties.  In a centralized system such as a central bank fiat system, there is no such problem: the board gets together, considers the problem, decides on a solution, and that's imposed upon everyone.  No shit.  Aristocrats inform the king, the king decides, and the people obey.  Simple.  Efficient.  Has been working for millennia.  Sun Tsu.   And the nice thing is that the aristocrats and the king get insanely rich.

THAT is the real power of DASH, and that is why I think it will reach the moon: it is fiat, mimicking as crypto.   Is this a scam ?  No.  Because in crypto, nothing is a scam.  

[Spoetnik]

Ok lets play along.. What about ETH's ICO then day one buy up game ?
How much did the official ETH team members get again ?

How about you all claim "Dev's deserve to be paid" condoning pretty much ANY method to do it.. genius tax anyone ?

Holy hell the instamine is crime against humanity.. but ETHERUEM well, that shit's legit  

You're all fucking hypocritical little idiots.

[dinofelis]

Holy hell the instamine is crime against humanity.. but ETHERUEM well, that shit's legit  

The essence of crypto is "trustelessness", which means that from the moment someone tries to rip off another one, it is legit.  What is not legit in crypto is to collude over what would be a good thing to do for everybody.  When you stop trying to rip off the other one, you do something non-legit in crypto.  It is the only thing that is non-legit.  The whole basis of crypto is that everyone tries to rip off everyone else, with all possible schemes of code, coin emission, coin offerings, and what not.  If you do not try to rip off the other one, you're putting yourself out of the crypto scene, and you do non-legit things.

The art of doing crypto is the other one trying to rip you off, and you not letting him do so.

[Spoetnik]

That's nice Dino but you failed to see the hypocrisy.

[dinofelis]

That's nice Dino but you failed to see the hypocrisy.

Hypocrisy is one of the ways to do crypto.  Coding is another one.  They are both legit ways of trying to rip off the other one, no ?

[HR]

Ok lets play along.. What about ETH's ICO then day one buy up game ?
How much did the official ETH team members get again ?

How about you all claim "Dev's deserve to be paid" condoning pretty much ANY method to do it.. genius tax anyone ?

Holy hell the instamine is crime against humanity.. but ETHERUEM well, that shit's legit  

You're all fucking hypocritical little idiots.

No hypocrisy. ETH is an equally scummy scam. They're both shit coins with extremely bad coding that are being hyped very nicely by snake oil vendors. ETH will probably do the best long term since the people partnering love programming with tonnes of holes in it so they can do what they want when they want without the end-user ever even knowing. Nonetheless, they’re both trash in so far as what a widely distributed decentralized cryptographic digital currency is supposed to be in theory.

[jr.coastapps]

Dash can be costly, particularly as more individuals are getting to be plainly mindful of the potential. For instance, running a DASH hub requires 1000 DASH (at current cost of $.664 per DASH, which is $664,000!) .whereas in Cajutel Passive income plan you can contribute the amount you are comfortable in, the best part is the more you invest and the more profit you can make out of it,
Hazard that the coin you back is a crap coin and it bites the dust. Thinking pessimistically: You contribute a couple of $K and lose the part. You cannot lose more than you put in, however there is the thing that speculators call the ‘open door cost’. For instance: You put your $5,000 in a masternode in a system that kicks the bucket, which implies you could not contribute that $5,000 anywhere else. In Cajutel, someone buying a token in the beginning would earn in 6 years 52$. Depending on in which phase he invests, this can be an increase of value of 1.86x up to 5.31x. The interesting is the following years as you can expect dividends far above the 20$ per share every year.
Masternode is going to pay 2 Dash per week, So yearly Investor will get only 104 Dash, whereas in Cajutel if you have invested in phase 1 per Token cost $15 on which cajutel will give a yearly dividend of $52 after the third year which is more than 3 times, But in Dash Masternode they are only paying 1/10 dividend yearly, and in Cajutel you will yearly get a dividend of more than 30% of your Investment.

These are the advantages give Cajutel a sizeable lead over Dash Masternode which is why I feel Cajutel is the Best Passive Investment Plan and will become most successful crypto coin in the future.