Dash.. but why?

[toknormal]

Dash is a scam. PERIOD!

First of all, some entertainment:



Secondly, some information:

There are plenty reasons to justify the rise. Firstly, it was on the cards for weeks. Dash has traded for 3 years in an increasingly more regular bull bear pattern on the 21 week trading chart. There have been 4 crossovers of the 21 week EMA to bull market during that time. The most recent crossed at twice the level of last years, indicating a steadily growing base of long term holders who see Dash's fundamentals as increasingly unique and relevant:

 • addressing transaction times at the low confirmation end of the spectrum
 • addressing the "useability" barrier that prevents crypto from reaching the masses
 • addressing fungibility/privacy without doing so at the expense of its transparent blockchain or bitcoin commercial ecosystem compatibility
 • addressing sustainable governance and funding

There simply isn't any other cryptocurrency asset with all these in combination and decoupled along the right monetary design lines for sustained growth and adoption. Also, compare how Dash has traded for 3 years to another well known currency....the writing was on the wall.

In addition to that...hashrate is getting priced in also:



....adoption is getting priced in:



...and finally current roadmap and successful hardfork implementing the foundation for Dash Evolution is getting priced in

The Economics of Dash’s Reserve & Currency Markets vs Masternode Network Count
https://bitcointalk.org/index.php?topic=421615.msg12549331#msg12549331

The Design Objectives the Distinguish Dash from Bitcoin
https://bitcointalk.org/index.php?topic=421615.msg12823282#msg12823282

Tech Stocks vs Monetary Stocks and Why Dash is Persuing the Latter
https://bitcointalk.org/index.php?topic=421615.msg17491202#msg17491202

Why Balancing "Dark" and "Light" Markets Work and Why Instant Transactions are a Priority for Dash

1. https://bitcointalk.org/index.php?topic=421615.msg13239732#msg13239732
2. https://bitcointalk.org/index.php?topic=421615.msg13366974#msg13366974

Symmetric Risk Mitigation for Low Confirmation Payments - Why Dash is MORE Secure Than Bitcoin, not Less
https://bitcointalk.org/index.php?topic=421615.msg13328511#msg13328511

Pricing in "Everything" vs Pricing in "the Launch"
https://bitcointalk.org/index.php?topic=421615.msg11054151#msg11054151

Why Dash's Privacy Model is Optimal for an Unbacked Store of Value Token
https://bitcointalk.org/index.php?topic=421615.msg17687393#msg17687393

Who gets a voice with the Governance Model ?
https://bitcointalk.org/index.php?topic=1433982.msg14584154#msg14584154

[spartak_t]

Dash is a scam. PERIOD!

bla bla bla

It doesn't matter how it looks like now, what matters is how it started. Your post is a bit hypocrite because of several simple reasons:
1. Unfair launch.
2. Dash market was/is "cornered".
3. Several whales are involved since long time ago.
4. They have incentives to develop and deliver (already sitting on millions of $).

Digital currencies market is adapting to the real world, and not in a good way. Rich people are getting richer (and your kind of people are helping them).

No need to repeat myself that I have certain visions about the market and that I had number of chances to make good amount of money, but I'd rather die poor, than do it on the backs of other people.   

[toknormal]

what matters is how it started

It matters to some. It does not matter to others. Thats why markets exist - to give you a choice. It's also why open source exists - to give you a choice in case the market wasn't enough.

2. Dash market was/is "cornered".

It may take you a bit longer than most people to swallow this fact, but swallow it you'll have to. Dash is now one of the most well distributed coins around. Go back to that chart above and take a second look. There have been 4 huge 'sell-offs' in its history, not to mention a 2-3 month period where the coins were almost worthless and changing hands for peanuts. The largest holder wasn't even a miner - he was a buyer.

And this despite widespread knowledge at the time of what a crypto asset was, how it could increase in value, how early investment represents an opportunity if you judge the fundamentals to be worthwhile. Sure it has it's "whales" but nothing close to what bitcoin has so don't worry about it. No Dash holder has anywhere near 1 fifteenth of the coin supply.

I'd rather die poor, than do it on the backs of other people.

As it turns out, the 3 years hard work that went into turning Dash into a valuable asset came at a greater cost than the sanctimonious nonsense emanating from bitcointalk directed keyboards. There are more dignified ways acknowledging that there was a basis to the qualities that some of us have been trying to promote over the last couple of years.

[spartak_t]

As it turns out, the 3 years hard work that went into turning Dash into a valuable asset came at a greater cost than the sanctimonious nonsense emanating from bitcointalk directed keyboards. There are more dignified ways acknowledging that there was a basis to the qualities that some of us have been trying to promote over the last couple of years

Greater cost? Bitcointalk directed keyboards? You are full of shit!

[Spoetnik]

Spoetnik is right. He is always right.

  thanks for your support.

..that was my best guess
Of course some people wouldn't want that said though.. and disagree.

I just got to wonder if all the varied crap bullshit Ethereum guys have pulled is ok and it's the #2 coin in crypto then what is the problem with Dash then ?
You all seem to pick & choose which coins you want to apply the scam label to.
If i compared ETH vs Dash i would have more complaints about how ETH was handled.
So seeing it STILL the #2 coin is mind shattering to me.

It proves that the public couldn't care less what it is.
It really does boil down to nothing more than "What will make me rich ?"
And that is a by product of the self entitlement greed defense routine you all have here.
You reap what you sow guys.

anyway
I see rampant hypocrisy basically.

[qwizzie]

Dash is a scam. PERIOD!

I see all logic has left you. time for the ignore button.

[spartak_t]

It proves that the public couldn't care less what it is.
It really does boil down to nothing more than "What will make me rich ?"

That's imo the major problem and what frustrates me the most. I think that digital currencies have lost their "charm".

[dwgscale11]

It proves that the public couldn't care less what it is.
It really does boil down to nothing more than "What will make me rich ?"

That's imo the major problem and what frustrates me the most. I think that digital currencies have lost their "charm".

Agree. I honestly cant fathom the current price of dash.  How can people be so zombie like!? WTF???

[ngerok]

Dash is a scam. PERIOD!

yes I agree with you, Dash will Scam and this has been the talk of many people
somehow these coins can Scam even though the price is high, why???

[btc_zero_sum]

1. Unfair launch.

Same as Bitcoin (do you remember Satoshi has ~1M btc?), ICO, IPO, airdrop, whatever

2. Dash market was/is "cornered".

What?

3. Several whales are involved since long time ago.

Same as any other crypto, stock, mineral

4. They have incentives to develop and deliver (already sitting on millions of $).

Same as any startup with VC funding, federal funding, crowdsourcing

Digital currencies market is adapting to the real world, and not in a good way. Rich people are getting richer (and your kind of people are helping them).

I would blame capitalism, digital currencies are part of it but rather more accessible than creating a company

No need to repeat myself that I have certain visions about the market and that I had number of chances to make good amount of money, but I'd rather die poor, than do it on the backs of other people.

you are looking for ethics in a money (and capitalist context), it's a bit like looking for answers about evolution in a church

[pereira4]

Roger Ver is pumping dash bigly to make his narrative of "people will go to other altcoins if bitcoin unlimited doesn't win" seem real. Roger Ver is acting like those rich fiat guys like Soros that use their money to make their agendas work, sad to see.

Anyway, this shit will crash sooner than later.

[All-of-us]

Dash is a scam. PERIOD!

Ahh but what about "insert name here"? if "insert name here" is a scam then surely "insert name here" is also a scam?

I think we need to shut everything down just to be sure there are no scams

[Spoetnik]

Dash is a scam. PERIOD!

Ahh but what about "insert name here"? if "insert name here" is a scam then surely "insert name here" is also a scam?

I think we need to shut everything down just to be sure there are no scams

[irukandji]

1. Unfair launch.

Same as Bitcoin (do you remember Satoshi has ~1M btc?), ICO, IPO, airdrop, whatever

Very different. Evan told people he would not launch. So those people logged off, went to bed, etc...then Evan launched and they missed out. Satoshi did nothing like that. Millions of coins were released very early.
Then, after Evan and those he did not deceive mined a huge percentage of the coins, the total number of coins was greatly reduced.

[The Sceptical Chymist]

Anyone with a brain knows there is going to be one almighty crash in alts in the coming days...weeks. Timberrrrrrrrrrr!!

Yeah, I'm waiting for exactly this, not that it matters much, because I own absolutely NO Dash whatsoever.

I agree with OP that it would be a decent currency because of quick confirmation times, etc., but dude.  $90/Dash?  What is the altcoin community collectively smoking??  There's no way that price is justified!  There's no way 1/4 of that price is justified!!

[btbrae]

1. Unfair launch.

Same as Bitcoin (do you remember Satoshi has ~1M btc?), ICO, IPO, airdrop, whatever

Very different. Evan told people he would not launch. So those people logged off, went to bed, etc...then Evan launched and they missed out. Satoshi did nothing like that. Millions of coins were released very early.
Then, after Evan and those he did not deceive mined a huge percentage of the coins, the total number of coins was greatly reduced.

It would be nice to see some decent alts that aren't premined after what... 4 years? It is sad that these still get attention.

I honestly wouldn't know what to think if Dash became the "diversified alternative" to Bitcoin...

Satoshi hasn't dumped and I think Bitcoin would have lost a lot of integrity if he had... I don't think Satoshi could have known how successful his work would be so he gets the benefit of the doubt.

Still, worth a punt.

[spartak_t]

Comparing the launch and later actions of Dash with Bitcoin is plain stupid. And when I say scam, I don't mean people behind Dash development will disappear or not deliver, I mean that it all started (and continued for years) unfair. Now they are in position to be justified by people for pretty much anything, because they made many of them rich. This is called hypocrisy. I just want to say 2 things:

1. I don't need to be taught on what the real world is.
2. Some may write 5000000 threads (we've seen that already... like a thousand times) about how great Dash is, but will still meet with my middle finger.   

[BitcoinNational]

JUMPED THE SHARK.
overcooked,
crooked,

"Dash.. but why?"

"This is called hypocrisy."