The danger I see with Dash

[toknormal]

frog-marched into prison

Speaking of which, I discovered a website I thought you might like.

[1715080238]

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[iCEBREAKER]

Nah, journalists are too stupid to even understand what that means.  They even sell bitcoin as an anonymous coin.  DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ?  That propaganda works as hell.  People love to fall for this kind of stuff.  What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption.   Only a small and insignificant number of smart people know how fake it is, but they don't matter.

The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test.

If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity.
(hence, not use DASH, with its fake anonymity )

https://www.sec.gov/about/offices/owb/owb-tips.shtml
  

Here's ammo. The form takes about 5 minutes to fill out, but requires a lawyer's contact info (but there is a reward for those that dashtards claim are butthurt). Evan Duffield is located in AZ, but couldn't find a street address. His email is evan@dash.org

What's bad for dash is they need to make evidence to gain more noobs--this cluster of shillocracy took about 10 minutes to gather. The ROI investment sheets are likely the most damning.

https://dash-news.de/dashtv/

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=24019061

https://web.archive.org/web/20170312191741/https://www.node40.com/2016/05/19/dash-masternode-financial-reports-preview.html

https://web.archive.org/web/20160520195030/http://dashpaymagazine.com/index.php/2016/05/19/dash-masternodes-study-rising-crypto-bonds-future/

https://imgur.com/kHW81Vc

http://dashdetailed.com/2017/01/25/happy-birthday-mr-juggernaut/

Great work.

This may help as well.

http://web.archive.org/web/20160812163647/http://www.d10e.org/agenda

[maxpowerzz92]

The danger I see with DASH is that I'll be moving into a higher tax bracket.

[bigrcanada1]

The danger I see with DASH is that I'll be moving into a higher tax bracket.

LOL....what a bunch for idiots those monerons are!!! hahahahaha wow.  The time they waste on stupid shit is beyond belief.   

[yeezred]

any reason DASH is not currently being pumped? especially after the short squeeze it saw that got it above .04 dash/btc. It seems easy money to short it right now

[Searing]

The danger I see with DASH is that I'll be moving into a higher tax bracket.

Well good for you! Me I'm late to the party

newbie....just watching the thread

but with all the dash out there how much does the developer of dash actually hold of the total (so far) in the world.

(don't understand why he did not take the instamine stuff and put it in a development foundation for dash ..walk away from the issue
in that manner if it was a mistake)

anyway lurking...none of this is a slam..curious

just have a test wallet with 0.11 dash lol..just a strolling about looking at dash....dodging hugs and rocks...kinda of a busy enterprise....

[Ingramtg]

dash will be the best coin in 2017  ,  the price now rise so high  but i think it is not the final

will still go higher

[thesavoyard]

any reason DASH is not currently being pumped? especially after the short squeeze it saw that got it above .04 dash/btc. It seems easy money to short it right now

A lot of people are very focused on a Dash pump, but most cryptos are up right now. Might be trading bots. Could be the ETF publicity. I have no clue. I just wish I could sell my BTC to USDT before it deflates.

[Warkop]

dash will be the best coin in 2017  ,  the price now rise so high  but i think it is not the final

will still go higher

You are sure to Dash would still be high, I think it unlikely, because the dash just altcoin not for the main, if the Bitcoin price is higher than the moment I am very confident that the price will decline derastis to Dash. and there is nothing better than Bitcoin

[iamnotback]

Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you.

Choose an escrow yourself, so you can't whine later about how you not trust escrow choosen by me.

Are you serious? Please don't waste my time.

[miayama]

The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights.

[XbladeX]

The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights.

especially when you look at history and every BTC pump we have new fresh newcomers to party, next time can be new coin that doesn't exist today.
Last time LTC got 1bilon market cap Dash need +40% to do that i cross finger for them to achieve it but how it end, we all know.
Newbies will see over few years.

[yeezred]

The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights.

especially when you look at history and every BTC pump we have new fresh newcomers to party, next time can be new coin that doesn't exist today.
Last time LTC got 1bilon market cap Dash need +40% to do that i cross finger for them to achieve it but how it end, we all know.
Newbies will see over few years.

Your point isn't that clear. Are you trying to say that newbies pump a coin???

[Searing]

The main danger is buying DASH now. Then you can sit for a long time and wait until he again returns to such heights.

especially when you look at history and every BTC pump we have new fresh newcomers to party, next time can be new coin that doesn't exist today.
Last time LTC got 1bilon market cap Dash need +40% to do that i cross finger for them to achieve it but how it end, we all know.
Newbies will see over few years.

Your point isn't that clear. Are you trying to say that newbies pump a coin???

IF possible..most newbies get a miner first to learn about crypto ..then buying and holding and or trading etc

that does usually cause a pump

with dash and masternodes.....not sure..but with the X11 units out there now ..that is a lot of cheerleaders for your X11 protocol

it gets to a point like with BTC it is all about buying and holding gold kind of argument..most newbies listen...but wander off....a 'toy' miner however
that may just get you to the same place as buying btc ..oranges to oranges however..but the CHANCE you can get more BTC per $$$ then you put
in ..well newbie catnip imho

there has been a big loss in cheerleading for BTC and LTC however ..mainly BTC due to the fact imho 'home btc and ltc mining' is pretty much dead
at any elec price above 5c kwh...thus X11 is still home miners..they have a pretty good cheer squad for dash going on now imho

anyway whatever the coin it eventually has to stand on its own merits (I guess/hope)

[iamnotback]

Remember I had found a high school level math probability error in their InstantX whitepaper.

Can you please point us to your post with review of InstantX?

I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread.

Actually it is cited in my whitepaper but I am too lazy to go grab it for you.  

Then it just means it's never happened, nor your InstantX analysis nor your secret whitepaper. I searched for netcash, by the way, and found nothing relevant.

Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you.

Choose an escrow yourself, so you can't whine later about how you not trust escrow choosen by me.

Are you serious? Please don't waste my time.

Well good thing you ran away, because I just found another high school probability error and this time it is in Bitcoin Unlimited. And you'll find the links to the prior Dash peer review I did in the following quote:

Also I find this explanation very good, also taken from BU's home page under FAQ section:

Will unlimited size blocks actually result in no fee market?

No. Intuitively you can understand this by realizing that it will take a lot longer to propagate a gigantic block across the network than a small one. Therefore a gigantic block has a higher likelihood of being "orphaned" -- that is, a competing block will be found, propagated across the network and supplant the gigantic block. In this case the miner of the gigantic block will lose the block subsidy and transaction fees. Therefore miners are incentivised by limitations in the underlying physical network to produce smaller blocks, and incentivized by transaction fees to produce larger ones.

Finding the balance between these forces is where the free market excels. As underlying physical networks improve or fees increase, miners will naturally be able to produce larger blocks. The transaction "supply" (space in a block) therefore depends directly on the fundamental capacity, rather than relying on some centralized "steering committee" to properly set maximum block size. Bitcoin is all about disintermediation, and this is another example of it working.

Bitcoin Unlimited is a vote for free markets. SegWit is like a communist centrally planned economy.

Although that sounds logical to a n00b, who ever wrote that and believes that must have forgotten or flunked their high school (or perhaps as late as 2nd year university) probability and statistics math class. Reminds me of when I found a high school level probability error in the masternode security model in Dash's InstantX white paper, not to mention how egregiously flawed the Dash the Instant X design is. Evan Duffield replied, but then ran away. Even the economic arguments for Dash's flawed design were refuted. Note that Dash's required premixing (and even not premixing if not employing homomorphic encryption of transaction values, i.e Monero before RingCT) eliminates the possibility of merging UTXO balances and thus causes an exponential blowup in UTXO, which is an issue for scaling to trillions of microtransactions given that performance requires keeping UTXO in RAM.

The probability that another block solution will be found within the propagation time t (not to be confused with at the time t) is the Poisson process (λt)e^-λt where n = 1 (i.e. only one or more occurrences required). Which as λt becomes smaller than roughly ¹/₁₀₀ then e^-λt is closely approximated by 1 - λt or approximately 1. Thus, we can see the probability that another block solution will be found within the propagation time t approximates a linear proportion λt when λt is less than roughly ¹/₁₀₀.

So with a block period (aka block time) λ of 10 minutes and a propagation time t (for finding a second block) of less than 6 seconds (and propagation will usually be less than 600 milliseconds so that is even a more linear relationship at  ¹/₁₀₀₀), then presuming roughly (on average) that doubling the block size doubles both the transaction fees and the propagation time, then the miner has the same income on average with the largest possible block they can make because doubling the risk of another miner finding a block also doubles the miner's income per block statically speaking. If you don't understand this, then read it over and over until you grasp the mathematical (statistical) point that the quoted statement above is incorrect and there is no free market limit on block size and no fee market. The point being that yes the risk of another miner winning the block increases, but the miner's income commensurately (proportionally) also increases, so statistically the miner loses nothing by creating a larger block and thus is leaving tranactions fees on the table for some other miner to take if the miner doesn't make a larger block. However presuming some transactions pay less per byte than others (and higher valued transactions can afford to pay more per byte), the economic converse effect occurs wherein the miner has the incentive to make the smallest block possible or below the size where propagation latency is linearly proportional to block size (i.e. the latency that is a constant factor independent of data transferred), which is again not a free market limit on block size and not a fee market. So the same Tragedy-of-the-Commons occurs that has always been argued as the problem with unlimited block size, in that the power vacuum must be filled by a collusion of miners which pool their (at least 33% of the systemic) hashrate and selfish mine against the rest of the network enforcing a block size which maximizing their profit which is basically the highest level of fees x volume the market will bear. I had even argued (I claim successfully) against @ArticMine that Monero's algorithmically adjusting block size suffers from a similar Tragedy-of-the-Commons outcome (ultimately due to the power-law centralization of mining economies-of-scale). No matter how you slice and dice it, Satoshi's PoW will become centralized so choose your poison how you want to get there, Bitcoin Core (aka Blockstream) funded by banksters or Bitcoin Unlimited (with insufficient developer resources) lead by technical incompetents such as Roger Ver. This is why I designed (a yet unpublished) solution for blockchain consensus which is not PoW and not PoW (something totally new, which I am working on now).

Even if you try to argue that propagation out to the minority hashrate can take up to minutes, the most profitable (i.e. winning) economics models selfish mining wherein only the minimum propagation time to only 33% of the hashrate is relevant, thus it is likely to be (and currently is even to the average network diameter, i.e. the majority) less than 6 seconds.

Bitcoin has taken a big hit because of Bitcoin Unlimited. Roger Ver with his recent affiliation with the technologically flawed Dash (and his Dash pump) and attacking Bitcoin with big blocks is really trying to shake things up, but as I had explained Roger Ver is somewhat technically myopic. Also perhaps some people may be speculating Winkervoss twins might liquidate.


P.S. I liked @gmaxwell's explanation of why cryptocurrency fundamentally must rely on cryptography.


Edit: @aklan made me aware of a Bitcoin Unlimited white paper, which I am reading now and will respond soon.

[iamnotback]

Hmmm. Something spectacular may happen to the downside for Dash not too long from now...

Dash is not a technology adoption phenomenon like Amazon:

Rather it is looking like a scam price chart similar to Mt. Gox (Mt. Gox controlled most of the BTC supply and was doing a scam which lead to the price rise, read up on it):




Price rises due to a new technological adoption do have two humps but the second one doesn't go vertical:

FOMO:

Too bad we didn't buy some Dash.

I sold about 4000 or 5000 dash for 0.006 or so in 2015 when the fud was highest and I was sure it's gonna crash

But it is the very low float because Evan Inc controls all the money supply, so they can buy from themselves on the exchanges and manipulate the price.

Their only problem is that if the price goes too high, some of their own whales may dump on them and also the people who are buying now may take profits. The higher they push the price, the less control they have over the float in the selloff scenario.

OMG, 5000 x 70 = $350,000. That is your reward for listening to the FUD from @smooth, @iCEBREAKER, and myself. Damn.

For this very reason, Evan Inc. can in theory push the "market" as high as they want.

Except if they grow the pyramid too fast and can't sustain those who want to cash out:

In order for it to dump, someone must own a lot of Dash. Does anyone own a lot except insiders?

it won't be dumped.  BU will soon be created, DASH will be the first choice to put their money into and the more you have right now the more profit you get. thats what you get when you join dash this time and not a year after. because by then, you'd be buying dash 5x more than what is it today.

More likely is PIVX at $2-5. Most everyone can afford a masternode at 10-20 cents a coin and you don't have to reward a few instaminers.

The Dash pyramid scheme will continue to have an advantage in FOMO over any aggregate freer market, until the base of the pyramid can't grow fast enough to allow the earlier buyers to cash out:

Your debunking of DASH didn't stop the market from appreciating it.

Dash doesn't have a market. It is allegedly a couple of guys working for Evan Inc. running accounts at the major exchanges buying and selling from themselves. It is a greater fool pyramid scheme.

You even stated that no one with large size dared tried to enter that market without a deal with Evan Inc.. So that tells you Roger Ver is in bed with the alleged "fraud" (aka dis-aggregate non-market) or he didn't buy much Dash.

[yeezred]

Dash is artifically high due to the lack of free supply

[iCEBREAKER]

Nah, journalists are too stupid to even understand what that means.  They even sell bitcoin as an anonymous coin.  DASH is a centralized coin with low liquidity in the hands of a single guy, mimicking as a great distributed crypto currency, improved over bitcoin (not difficult), and know what ?  That propaganda works as hell.  People love to fall for this kind of stuff.  What is even greater, is that DASH can pose as a coin that used to be criminal, and now has seen the light and is on the side of the nice guys ; redemption.   Only a small and insignificant number of smart people know how fake it is, but they don't matter.

The BIG problem for DASH is something totally different: it is an illegal security that doesn't pass the Howey test.

If I were Evan, I would cash out before, flee to an exotic place, change name and live a rich-man's life in anonymity.
(hence, not use DASH, with its fake anonymity )

https://www.sec.gov/about/offices/owb/owb-tips.shtml
  

Here's ammo. The form takes about 5 minutes to fill out, but requires a lawyer's contact info (but there is a reward for those that dashtards claim are butthurt). Evan Duffield is located in AZ, but couldn't find a street address. His email is evan@dash.org

What's bad for dash is they need to make evidence to gain more noobs--this cluster of shillocracy took about 10 minutes to gather. The ROI investment sheets are likely the most damning.

https://dash-news.de/dashtv/

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=24019061

https://web.archive.org/web/20170312191741/https://www.node40.com/2016/05/19/dash-masternode-financial-reports-preview.html

https://web.archive.org/web/20160520195030/http://dashpaymagazine.com/index.php/2016/05/19/dash-masternodes-study-rising-crypto-bonds-future/

https://imgur.com/kHW81Vc

http://dashdetailed.com/2017/01/25/happy-birthday-mr-juggernaut/

Great work.

This may help as well.

http://web.archive.org/web/20160812163647/http://www.d10e.org/agenda

ITT, Evan The Instaminer indulges in some insider trading by warning against shorts trying to ruin the opening of his Scam Headquarters.

I'm about to pull out of Dash at this rate - Its performing so poorly against the competition.

lol. I feel bad for those short today.