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

[ddink7]

snip

I think Dash is a currency, this question has been rather fundamental in the blocksize debate in Bitcoin recently. Bitcoin is a commodity money like the precious metal coins of the past. Its volatility will decrease as its market capitalization grows, it will most likely never be as stable as a fiat currency but that is alright, cryptocurrencies like Dash have other advantages over fiat currency.

I would like to know how the rest of the Dash community feels about this question, when Dash transactional capacity is reached, should the blocksize limit be increased?

Already voted on...the block size will be doubling later this year:

http://178.254.18.153/~pub/Dash/masternode_payments_stats.html

Proposal 9: Block Size Limitation Increase Yes: 2152 / No: 18 / Comments: 10

[VeritasSapere]

snip

I think Dash is a currency, this question has been rather fundamental in the blocksize debate in Bitcoin recently. Bitcoin is a commodity money like the precious metal coins of the past. Its volatility will decrease as its market capitalization grows, it will most likely never be as stable as a fiat currency but that is alright, cryptocurrencies like Dash have other advantages over fiat currency.

I would like to know how the rest of the Dash community feels about this question, when Dash transactional capacity is reached, should the blocksize limit be increased?

Already voted on...the block size will be doubling later this year:

http://178.254.18.153/~pub/Dash/masternode_payments_stats.html

Proposal 9: Block Size Limitation Increase Yes: 2152 / No: 18 / Comments: 10

You guys rock!!! Thank you for giving me hope Dash!!

[GhostPlayer]

 Happy Halving-day everyone!

 May your Dash HODL scarce...

[toknormal]

My involvement in the blocksize debate is because of my believe in the governance mechanism of Bitcoin can overcome such manipulations, to discuss rationally, to allow the market place of ideas to thrive.

You've reminded me of some thought I had about this.

iCEBREAKER made an interesting point the other day. He said that Dash had "no hope" in competing with Ethereum on the grounds that Ethereum had loads of developers and huge amounts of money behind it. I know he was just trying to wind everybody up as usual but it's still worth reflecting on.

In fact the reverse is true IMO and the reason kind of speaks to the priority you just voiced about the independence and technical coherence of blockchain technologies. Monetarily, Dash is trying to do 1 thing and do it well - improve bitcoin's already high level of monetary fidelity to near perfection by eliminating the shortfall in transaction speed and fungibility.

Most of the other alt coins are doing the same in their own sectors - they've picked one aspect of monetary functionality or properties and focused exclusively on that. Altogether, that entire market of alt coins forms a natural ecosystem that is at once huge, diverse and reliable. The fact that these currencies marketcaps are free-floating and not fixed (like sidechains) only adds to their strength and suitability for supporting a diverse economy because it means they can transmit information about excesses and deficiencies in their own market sectors more effectively than they could if they were pegged.

Something like Ethereum, on the other hand is very interesting but if you lived through the 80's and 90's internet revolution you can't help see warning signs about trying to be "everything to everyone" and introducing a  1 platform fits all approach. I agree with Vitalik when he says "thats how we do things in computing" - we generalise, but here we're not just talking about technologies but economies. You usually need a lot of centralisation to pull something like that off.

The UK national health service tried to introduce a nationwide system just for storing patient records spent about £60BN on it. It just blew up in their faces 10 years later - too complex even at that.

Another example: In the ninetees everyone thought they could "be" the ultimate internet platform. They saw what they were developing as "the internet" and they followed Vitalik's logic that we should generalise something that size. But they failed to see themselves as just minnows in an ocean. The ecosystem was so huge that while it did do justice to their visions, it swallowed their little projects up for lunch. The ones that survived were the content builders, not the platform builders.

I suspect (and hope) that that is how the cryptocurrency market will develop. Frankenstinien world takeover bids like sidechains and Ethereum will just be another asset/alt-coin alongside all the rest. They'll do some things well and be crap at others but they'll not have a hope of competing with the aggregate power of a genuinely diverse, highly specialised, monetarily de-pegged array of cryptocurrency assets and technologies.

(IMO that is   )
 
P.S. Meanwhile I've spent the last 3 hours trying to get the last of my Ether onto an exchange but failed. The network must be chock a block. Sent it 3 times. 3 times got a transaction ID and 3 times the block explorer doesn't recognise it. Looks like work in progress. (Or one way way to keep your coin from crashing  

[qwizzie]

snip

I think Dash is a currency, this question has been rather fundamental in the blocksize debate in Bitcoin recently. Bitcoin is a commodity money like the precious metal coins of the past. Its volatility will decrease as its market capitalization grows, it will most likely never be as stable as a fiat currency but that is alright, cryptocurrencies like Dash have other advantages over fiat currency.

I would like to know how the rest of the Dash community feels about this question, when Dash transactional capacity is reached, should the blocksize limit be increased?

Already voted on...the block size will be doubling later this year:

http://178.254.18.153/~pub/Dash/masternode_payments_stats.html

Proposal 9: Block Size Limitation Increase Yes: 2152 / No: 18 / Comments: 10

You guys rock!!! Thank you for giving me hope Dash!!

i guess you missed this episode of Amanda 

http://thedailydecrypt.com/episodes/how-dash-reached-consensus-for-bigger-blocks-within-24-hours/

[TanteStefana2]

@toknormal and @VeritasSapere, the weird question I can't help but see is what if there is no fiat currency to peg against?  How would a currency / or what would a currency peg itself against? 

I mean, if the dollar should go up in flames like the Weinmar Republic's Mark, due to uncontrollable inflation (and frankly, I see this happening sooner than later if cryptos actually take off)  How will merchants price their goods.  I mean, it's a real problem when there is so much volatility, and if inflation eats up fiat, something like nubits will have nothing to peg itself to.  How will that work?  In ancient times, everyone bargained. Each sale was a one on one contract.  Our world is just too complex for something like that.

So in a world where fiat dies, how will this work? 

[toknormal]

@toknormal and @VeritasSapere, the weird question I can't help but see is what if there is no fiat currency to peg against?  How would a currency / or what would a currency peg itself against?

Tante - that is a good point. Obviously then people would trade the bare asset like they always do in those kind of crises.

But then you've basically got a barter economy. If you're going to trade bare assets it could be anything - gold, bitcoin, bikes, eggs. Money in those situations in whatever people need the most.

Currencies are for when the lights are on, not off. For a non-crises situation, non weimar republic because although crises like that do happen (and we might be staring down the barrel of one right now), they're not a permanent state of affairs.

All I'm saying is that in advanced economies you have layer upon layer of monetary media. Only the base layer is limited supply (or was in the days of the gold standard). The rest have all kinds of properties that allow them to respond to liquidity demand in a controlled way.

To me, using a base asset as a currency is like riding a bike without tyres - you can do it but it ain't half going to hurt your a*ss  

[BusterNutBag]

As much as I hate to say it
I'm giving up on DASH
The crypto-community hates DASH and does nothing but kick it around and kick it down
Everybody is hung up on past actions....
I'm done....

Masternodes will be sold off and I won't be back...

Good luck all.............. You're gonna need it...

[spatula]

As much as I hate to say it
I'm giving up on DASH
The crypto-community hates DASH and does nothing but kick it around and kick it down
Everybody is hung up on past actions....
I'm done....

Masternodes will be sold off and I won't be back...

Good luck all.............. You're gonna need it...

Is that why the masternode count is almost constantly increasing? 

[TaoOfSaatoshi]

As much as I hate to say it
I'm giving up on DASH
The crypto-community hates DASH and does nothing but kick it around and kick it down
Everybody is hung up on past actions....
I'm done....

Masternodes will be sold off and I won't be back...

Good luck all.............. You're gonna need it...

It was nice knowing you. Good luck to YOU in your future endeavours.

[spatula]

As much as I hate to say it
I'm giving up on DASH
The crypto-community hates DASH and does nothing but kick it around and kick it down
Everybody is hung up on past actions....
I'm done....

Masternodes will be sold off and I won't be back...

Good luck all.............. You're gonna need it...

Was that it? just one masternode? I set my buy orders too low lol.

[toknormal]

The crypto-community hates DASH

...and NxT and Monero and Bitshares and Bitcoin (XT) and Bitcoin (Core) and Blackcoin and Whitecoin and Ethereum and ......

Good luck in finding a "safe" home  

(Try Maidsafe. I don't think anybody hates Maidsafe  )

[TaoOfSaatoshi]

What cool DASH feature excites you the most?

[iCEBREAKER]

I see Monerocoin trying to beat-up Dashcoin like some kinda bully.

I'll never buy a single Monerocoin
What a god awful mess that seems to be

I did make my own little cartoon..... enjoy
haha

Dash isn't getting beat up by Monero as badly as poor little ShadowCash.

But give Shen a few days, I'm sure he'll have an even easier time de-anonymizing Dash's "bad crypto" than SDC's (which was at least based on ring signatures instead of Darksend's broken CoinJoin).

I don't see the "awful mess" you're talking about.  All I see is huge volume and huge price increases, backed by a great dev team and community.

[xxxgoodgirls]

Dash isn't getting beat up by Monero as badly as poor little ShadowCash.

But give Shen a few days, I'm sure he'll have an even easier time de-anonymizing Dash's "bad crypto" than SDC's (which was at least based on ring signatures instead of Darksend's broken CoinJoin).

I don't see the "awful mess" you're talking about.  All I see is huge volume and huge price increases, backed by a great dev team and community.

Is the guy also working on de-anomyzing darksent(d)s as well?

[dEBRUYNE]

Dash isn't getting beat up by Monero as badly as poor little ShadowCash.

But give Shen a few days, I'm sure he'll have an even easier time de-anonymizing Dash's "bad crypto" than SDC's (which was at least based on ring signatures instead of Darksend's broken CoinJoin).

I don't see the "awful mess" you're talking about.  All I see is huge volume and huge price increases, backed by a great dev team and community.

Is the guy also working on de-anomyzing darksent(d)s?

No, he stumbled upon it whilst working on Ring Confidential Transactions for Monero. Perhaps if a bounty was offered he would try.

[qwizzie]

I don't see the "awful mess" you're talking about.  All I see is huge volume and huge price increases, backed by a great dev team and community.

Thanks iCEY, that means a lot coming from you  

[HinnomTX]

As much as I hate to say it
I'm giving up on DASH
The crypto-community hates DASH and does nothing but kick it around and kick it down
Everybody is hung up on past actions....
I'm done....

Masternodes will be sold off and I won't be back...

Good luck all.............. You're gonna need it...

WTF? We have a spirited community willing to engage in debate. At the end of the day, DASH's unique self-governance mechanism will prevail. I still see more getting done here than the other communities I've dropped in on recently. The last thing you should do is follow the crypto-community herd.

[qwizzie]

As much as I hate to say it
I'm giving up on DASH
The crypto-community hates DASH and does nothing but kick it around and kick it down
Everybody is hung up on past actions....
I'm done....

Masternodes will be sold off and I won't be back...

Good luck all.............. You're gonna need it...

WTF? We have a spirited community willing to engage in debate. At the end of the day, DASH's unique self-governance mechanism will prevail. I still see more getting done here than the other communities I've dropped in on recently. The last thing you should do is follow the crypto-community herd.

yeah, its a strange way of saying goodbye to a community where you have been part of.
oh well, life moves on... i'm sure we can recover from his departure.

[Riseman]

Is the guy also working on de-anomyzing darksent(d)s?

No, he stumbled upon it whilst working on Ring Confidential Transactions for Monero. Perhaps if a bounty was offered he would try.

Maybe we should set up a bounty to be paid via budget proposal if anyone succeeds.