[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[qwizzie]

So devs can slowly unload their premine and abandon this project leaving only bagholders behind , glad I didn't invest in this project...

Dafuq , I was just going to buy some coins hopefully they will worth more in case Bitcoin goes down
why you are saying that if they are spending money on developpement , like OP just said they are funding Electrum for Dash

Pay no attention to the trolls....

but but but .. they look sooo hungry  cant we just feed them a little bit ? please ? 

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[olcaytu2005]

 I m new at this DASHcoin and it seems very innovative. so i can see very much troll (especially MONERO trolls) because they really jealous of this community and coin. GO DASH ! You have new supporter here

Edit : Ok DASH

[qwizzie]

 I m new at this DASHcoin and it seems very innovative. so i can see very much troll (especially MONERO trolls) because they really jealous of this community and coin. GO DASH ! You have new supporter here

Welcome to our community, may the force be with you

edit : oh, and we call it Dash .. not Dashcoin (which is actually another cryptocurrency)

[MadGamer]

So devs can slowly unload their premine and abandon this project leaving only bagholders behind , glad I didn't invest in this project...

Dafuq , I was just going to buy some coins hopefully they will worth more in case Bitcoin goes down
why you are saying that if they are spending money on developpement , like OP just said they are funding Electrum for Dash

The problem is continuity. Right now they may be developing, but devs got a huge share, which means that all THEY have to do is to keep this project running untill they sold their coins and then they never have to work again ever and can let this project turn to sh%t.

Hey man DASH isn't just any old crypto scam. They put a lot of thought into this and pioneered many new scam techniques!

For example, they don't need sell their coins in order to enrich themselves.. they can just keep collecting masternode payments without selling the coins! eduffield just needs to continue doing what he's been doing so far... with dash version 11 he was saying "version 12 is going to be very promising" ... now at version 12 he says "version 13 will be very promising" ... on and on, meanwhile every day they have their 1.5 million coins from the scam instamine in masternodes so they just keep collecting the income.

Probably the best crypto scam seen so far!

My question will sounds dumb to some of you or all of you but .. what does "collecting masternode" exactly mean and how they make money just form that ? do they mine with our PC's or something like that ?
And how they keep getting 1.5 million coin everyday , if there is no "Maximum coins" like Twenty one million BTC  THEN HOW the hell this coin keep it value ?  

[qwizzie]

My question will sounds dumb to some of you or all of you but .. what does "collecting masternode" exactly mean and how they make money just form that ? do they mine with our PC's or something like that ?
And how they keep getting 1.5 million coin everyday , if there is no "Maximum coins" like Twenty one million BTC  THEN HOW the hell this coin keep it value ?  

We loveeee good questions and that my friend are some good questions. Answers will be provided shortly .. knowing this forum.

[moocowmoo]

Experimental rpi support ONLY for the 'status' command.





Try this out Mangled,

dashman sync
dashman branch rpi  <-- you'll have to do that after every sync, you're selecting an experimental branch
dashman status

(you may have to also install netcat 'sudo apt-get install netcat')

https://github.com/moocowmoo/dashman

[aleix]

 I m new at this DASHcoin and it seems very innovative. so i can see very much troll (especially MONERO trolls) because they really jealous of this community and coin. GO DASH ! You have new supporter here

Welcome to the DASH crowd.  

[Jestah]

Dude.  It's a total non-issue.  Give it a rest.  As ED said above, v13 will be amazing.   You seem like a smart person, albeit slightly disillusioned, you should start buying now.

[Solarminer]

My question will sounds dumb to some of you or all of you but .. what does "collecting masternode" exactly mean and how they make money just form that ? do they mine with our PC's or something like that ?
And how they keep getting 1.5 million coin everyday , if there is no "Maximum coins" like Twenty one million BTC  THEN HOW the hell this coin keep it value ?  

Anyone can start a masternode.  Requirements are:
1000 DASH and a static IP address.
Typically, you would rent a server for about $5/mo to host your masternode.

Block rewards are split as below.
45% to miners
45% to masternodes
10% to development projects(that are voted in by masternodes)

Typical earnings for a masternode are about 0.5 Dash/day.
Masternodes don't use power like miners do.  They do a lot of transactions and need about 100GB of bandwidth/mo, 500MB of ram, and a mid to low range CPU.

Check out the masternode guides on the dashtalk site for specific details on setting up a masternode.

As for coins, I believe the max coins that will be mined is 22 million.  This is distributed about 5 at a time in blocks mined every 2.5 minutes that decreases 7% each year.

[qwizzie]

My question will sounds dumb to some of you or all of you but .. what does "collecting masternode" exactly mean and how they make money just form that ? do they mine with our PC's or something like that ?
And how they keep getting 1.5 million coin everyday , if there is no "Maximum coins" like Twenty one million BTC  THEN HOW the hell this coin keep it value ?  

Anyone can start a masternode.  Requirements are:
1000 DASH and a static IP address.
Typically, you would rent a server for about $5/mo to host your masternode.

Block rewards are split as below.
45% to miners
45% to masternodes
10% to development projects(that are voted in by masternodes)

Typical earnings for a masternode are about 0.5 Dash/day.
Masternodes don't use power like miners do.  They do a lot of transactions and need about 100GB of bandwidth, 500MB of ram, and a mid to low range CPU.

Check out the masternode guides on the dashtalk site for specific details on setting up a masternode.


As for coins, I believe the max coins that will be mined is 22 million.  This is distributed about 5 at a time in blocks mined every 2.5 minutes that decreases 7% each year.

check also this site to see how these masternodes are paid out per block, factors are the number of masternodes and the mining difficulty.
Lower mining difficulty and lower number of masternodes = higher MN payouts  

https://dashninja.pl/blocks.html

as decentralised budgets are paid out once per month in a superblock you will find it currently at 50%(MN)/50%(miners) as 10% is already reserved for a super-block

[Taylor05]

So devs can slowly unload their premine and abandon this project leaving only bagholders behind , glad I didn't invest in this project...

Dafuq , I was just going to buy some coins hopefully they will worth more in case Bitcoin goes down
why you are saying that if they are spending money on developpement , like OP just said they are funding Electrum for Dash

The problem is continuity. Right now they may be developing, but devs got a huge share, which means that all THEY have to do is to keep this project running untill they sold their coins and then they never have to work again ever and can let this project turn to sh%t.

Hey man DASH isn't just any old crypto scam. They put a lot of thought into this and pioneered many new scam techniques!

For example, they don't need sell their coins in order to enrich themselves.. they can just keep collecting masternode payments without selling the coins! eduffield just needs to continue doing what he's been doing so far... with dash version 11 he was saying "version 12 is going to be very promising" ... now at version 12 he says "version 13 will be very promising" ... on and on, meanwhile every day they have their 1.5 million coins from the scam instamine in masternodes so they just keep collecting the income.

Probably the best crypto scam seen so far!

My question will sounds dumb to some of you or all of you but .. what does "collecting masternode" exactly mean and how they make money just form that ? do they mine with our PC's or something like that ?
And how they keep getting 1.5 million coin everyday , if there is no "Maximum coins" like Twenty one million BTC  THEN HOW the hell this coin keep it value ?  

MadGamer,

Masternodes are a concept that Dash invented. They are simply special nodes that provide important services on the network. Services like 1) instant transactions by locking inputs and outputs even before a block is confirmed, 2) coin anonymization services to enable private transactions that cannot be traced, and 3) an always-on infrastructure (usually in a hosted datacenter environment).

Anyone can start a masternode. Unlike Bitcoin, where 100% of each block reward goes to miners, the Dash block reward is split up to each of the network's needs. Miners get a portion of the block rewards from mining, but in order for their block to be valid, a share must be paid to masternode operators and another portion goes toward projects that masternode owners vote to fund. Things like development, marketing, legal expenses, etc. So while Bitcoin remains dependent on volunteers or donations to fund full nodes on the network and other expenses like development, Dash uses the block rewards to fund ALL of the needs of the network, not just one. I think it's genius.

So the poster was referring to the collection of Masternode payments that go to those that run a masternode. Running a masternode is work... you have to keep it updated, monitor it, and pay to host it, but it's a great way to be involved and support the network infrastructure.

While there is no "maximum" coins issued, there is similar to bitcoin a declining reward schedule and there is a maximum that can be produced over the next week, year, decade etc. In essence, there is a maximum number of coins that could be produced within our lifetime. It just happens to be a smoother ramp-down than bitcoin's block halving ever four years. Instead, the reward declines at 7% year-on-year every year. So there is a cap on the number produced over a given timeframe.

I hope this answers your questions... as you can see, Dash is not just another clone coin and is really pushing new innovations.

[Minotaur26]

[MadGamer]

Damn , this looks sick and awesome I wish Bitcoin was working on the same way . Thanks both Taylor05 & Solarminer .
last question , When you guys say that I need 1000 Dash which is basically equal to 10 BTC , does it mean that I need to spend them or something ? or I can keep those on my wallet and use them once I stop using Masternodes

[AzzAz]

Damn , this looks sick and awesome I wish Bitcoin was working on the same way . Thanks both Taylor05 & Solarminer .
last question , When you guys say that I need 1000 Dash which is basically equal to 10 BTC , does it mean that I need to spend them or something ? or I can keep those on my wallet and use them once I stop using Masternodes

Exactly, keep them. Your masternode is alive as long as you have 1000 in your wallet.you can spend them normally.

[qwizzie]

Official Newcomer Introductory Video Release

One of our main objectives going forward is sharing the good work we are doing in Dash with the public. Part of our vision is to cultivate adoption of this ecosystem through education, promotion and engagement of potential users on the benefits of cryptocurrencies and the functionality our solutions enable. This is very important for the future of the Dash project.

More info: https://dashtalk.org/threads/official-newcomer-introductory-video-release.6142/#post-67122

Now dont you guys get distracted by her two lovely .. big .. eyes.
Focuss on the message !!

[qwizzie]

Damn , this looks sick and awesome I wish Bitcoin was working on the same way . Thanks both Taylor05 & Solarminer .
last question , When you guys say that I need 1000 Dash which is basically equal to 10 BTC , does it mean that I need to spend them or something ? or I can keep those on my wallet and use them once I stop using Masternodes

Exactly, keep them. Your masternode is alive as long as you have 1000 in your wallet.you can spend them normally.

yep, keep them safe in a cold wallet. If you however touch that 1000 Dash input (either by spending them or by moving them) the network will stop regarding it as a masternode.

[Taylor05]

Damn , this looks sick and awesome I wish Bitcoin was working on the same way . Thanks both Taylor05 & Solarminer .
last question , When you guys say that I need 1000 Dash which is basically equal to 10 BTC , does it mean that I need to spend them or something ? or I can keep those on my wallet and use them once I stop using Masternodes

The 1,000 Dash is yours to keep. It is simply collateral. You must deposit the collateral into an address, but you can keep in cold storage... no need to have it on the network 24/7. If you ever decide that running a masternode isn't for you, you can just spend the 1,000 Dash or exchange it for fiat or bitcoin.

The collateral prevents attackers gaining too much of a share of masternodes, and ensures that if they did attack the network it would be to their own detriment. So it kind of acts like "proof-of-stake" in that regards.

[MadGamer]

Damn , this looks sick and awesome I wish Bitcoin was working on the same way . Thanks both Taylor05 & Solarminer .
last question , When you guys say that I need 1000 Dash which is basically equal to 10 BTC , does it mean that I need to spend them or something ? or I can keep those on my wallet and use them once I stop using Masternodes

Exactly, keep them. Your masternode is alive as long as you have 1000 in your wallet.you can spend them normally.

yep, keep them safe in a cold wallet.

Now another last question lol User above said :

Running a masternode is work... you have to keep it updated, monitor it, and pay to host it,

What does that means exactly (I get the hosting part), I mean it's not like Bitcoin node  ? just opening ports and running the wallet all the time ?

[qwizzie]

Damn , this looks sick and awesome I wish Bitcoin was working on the same way . Thanks both Taylor05 & Solarminer .
last question , When you guys say that I need 1000 Dash which is basically equal to 10 BTC , does it mean that I need to spend them or something ? or I can keep those on my wallet and use them once I stop using Masternodes

Exactly, keep them. Your masternode is alive as long as you have 1000 in your wallet.you can spend them normally.

yep, keep them safe in a cold wallet.

Now another last question lol User above said :

Running a masternode is work... you have to keep it updated, monitor it, and pay to host it,

What does that means exactly (I get the hosting part), I mean it's not like Bitcoin node  ? just opening ports and running the wallet all the time ?

it means you will need to find änd hire a VPN server (some 5$ per month), install  firewall, install Dash software and upgrade the Dash software in case of new Dash versions (or in case of upgrades on your rented server) .
These VPN servers normally have a variety of OS to choose from, we normally choose Linux. There are some good manuals on Dashtalk which describes every step to take.

https://dashtalk.org/forums/masternode-guides.66/

My advice, read through this manual to get a feeling whats needed  : TAO'S MASTERNODE SETUP GUIDE FOR DUMMIES  
https://dashtalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/

And see my signature for some basic Linux commands to use in case of upgrading a masternode ...
  

[moocowmoo]

Damn , this looks sick and awesome I wish Bitcoin was working on the same way . Thanks both Taylor05 & Solarminer .
last question , When you guys say that I need 1000 Dash which is basically equal to 10 BTC , does it mean that I need to spend them or something ? or I can keep those on my wallet and use them once I stop using Masternodes

Exactly, keep them. Your masternode is alive as long as you have 1000 in your wallet.you can spend them normally.

yep, keep them safe in a cold wallet.

Now another last question lol User above said :

Running a masternode is work... you have to keep it updated, monitor it, and pay to host it,

What does that means exactly (I get the hosting part), I mean it's not like Bitcoin node  ? just opening ports and running the wallet all the time ?

it means you will need to find änd hire a VPN server (some 5$ per month), install  firewall, install Dash software and upgrade the Dash software in case of new Dash versions (or in case of upgrades on your rented server) .
These VPN servers normally have a variety of OS to choose from, we normally choose Linux. There are some good manuals on Dashtalk which describes every step to take.

https://dashtalk.org/forums/masternode-guides.66/

My advice, read through this manual to get a feeling whats needed  : TAO'S MASTERNODE SETUP GUIDE FOR DUMMIES  
https://dashtalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/
  

Or you can hire a service to do all that for you:

Moocowmoo's Magic Masternode Maker™ (Hosting)
by moocowmoo
moocowmoo@masternode.me
https://dashtalk.org/threads/moocowmoos-magic-masternode-maker.3305/

(My personal favorite, I run it. I'm the most expensive, but I'm both a full-time adminstrator and very hands-on. I'll walk you through anything you need. My site is ugly, but my tech is solid. Most of the masternodes hosted with me have been online for nearing a year without any restarts.)

Masternodehosting (Hosting)
by Holger Schinzel (Dash Core team member)
holger@masternodehosting.com
https://dashtalk.org/threads/service-masternode-hosting-service.2648/

Node40 (Hosting / Pooling / Monitoring)
by orangecycle
https://dashtalk.org/threads/node40-masternode-management-services.4447/

Splawik`s Super Shares Service (Hosting / Pooling)
by splawik21
https://dashtalk.org/threads/masternode-shares-vps-service-reloaded.3195/

DASH.ORG.RU Masternode Hosting (Hosting / Pooling)
by poiuty
poiuty@lepus.su
https://dashtalk.org/threads/dash-org-ru-masternode-hosting.5723/