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

[ilic]

I cant understand why arielbit and icebreaker are still in this thread?  they're more active in this thread than the DASH community members?

Tall Poppy Syndrome is what it is.

[qwizzie]

I cant understand why arielbit and icebreaker are still in this thread?  they're more active in this thread than the DASH community members?

Tall Poppy Syndrome is what it is.

They will never admit this, but deep deep down they love Dash

[sevenrustlust]

Every day I told to myself, it's too late to buy dash, it's too late, but everyday dash was up! poor me

[electronicash]

I cant understand why arielbit and icebreaker are still in this thread?  they're more active in this thread than the DASH community members?

Tall Poppy Syndrome is what it is.

They will never admit this, but deep deep down they love Dash

which is why exactly they are monitoring dash market 24/7. ask them anything about dash and they know dash better than me. mind you i have supported dash for a year and i can't believe i recently knew about its history, i only knew it because of icebearker.

[qwizzie]

Every day I told to myself, it's too late to buy dash, it's too late, but everyday dash was up! poor me

There is just too much uncertainty with Bitcoin currently (check Coindesk, lots of talks about a possible upcoming unavoidable hard fork),
so investors are fleeing towards cryptocurrencies which they consider a safe heaven.

Due to Dash masternode network which actually rewards longterm holding, those investors are picking Dash more and more. In the end this whole
process will just re-enforce itself.
 

[Biltong]

They will never admit this, but deep deep down they love Dash

That made me think....

Day in and day out sit and troll something. It must be the most negative existence. I can't imagine any job on earth that can be more depressing. You can never tell your friends or family what you do - they will think you are mad. ...Lonely ....sad....mad?

Unless of course they are a brilliant DASH marketing initiative. New user stumbles on to this thread - sees their posts and wonders what is this all about. Starts reading - looks at DASH - gets the whole story - looks at the graphs and thinks: "Oh - this actually looks quite good" and buys!

No such thing as bad publicity? That might help to explain the constant DASH price increases. DASH thinking out of the box again. Very devious guys!  

[qwizzie]

They will never admit this, but deep deep down they love Dash

That made me think....

Day in and day out sit and troll something. It must be the most negative existence. I can't imagine any job on earth that can be more depressing. You can never tell your friends or family what you do - they will think you are mad. ...Lonely ....sad....mad?

Unless of course they are a brilliant DASH marketing initiative. New user stumbles on to this thread - sees their posts and wonders what is this all about. Starts reading - looks at DASH - gets the whole story - looks at the graphs and thinks: "Oh - this actually looks quite good" and buys!

No such thing as bad publicity? That might help to explain the constant DASH price increases. DASH thinking out of the box again. Very devious guys!  

eh, no comment.

[qwizzie]

Here is an overview of Poloniex Market Depth, interesting is how the sell orders keep dropping to a lower level.
Its already entered 12000 Dash up for sale range by now and keeps falling down.

It will be interesting to see what happens when the sell orders really hit low times....

https://poloniex.com/exchange#BTC_DASH

[dishku]

DASH is still looking stable and more strong than ever so that it seems this will be next big giant. It looking more better than any coin in the market.

[arielbit]

I cant understand why arielbit and icebreaker are still in this thread?  they're more active in this thread than the DASH community members?

Tall Poppy Syndrome is what it is.

They will never admit this, but deep deep down they love Dash

which is why exactly they are monitoring dash market 24/7. ask them anything about dash and they know dash better than me. mind you i have supported dash for a year and i can't believe i recently knew about its history, i only knew it because of icebearker.

electronicash:

Position:    Hero Member
Date Registered:    November 08, 2015, 02:26:35 AM

of course you were a newb, icebreaker had been here since 2011 and I'm here since 2013...before Xcoin (DASH) was made into existence.

qwizzie has a point i love DASH as a name of a coin   ,if you know another part of DASH history you'll get it.

[arielbit]

They will never admit this, but deep deep down they love Dash

That made me think....

Day in and day out sit and troll something. It must be the most negative existence. I can't imagine any job on earth that can be more depressing. You can never tell your friends or family what you do - they will think you are mad. ...Lonely ....sad....mad?

Unless of course they are a brilliant DASH marketing initiative. New user stumbles on to this thread - sees their posts and wonders what is this all about. Starts reading - looks at DASH - gets the whole story - looks at the graphs and thinks: "Oh - this actually looks quite good" and buys!

No such thing as bad publicity? That might help to explain the constant DASH price increases. DASH thinking out of the box again. Very devious guys!  

what if....it isn't a job?...makes sense now?

i do love crypto currencies and in this forum is where it all began..i do recommend dash.org for some serious circle jerking among DASH shills 

[gadado]

Here is an overview of Poloniex Market Depth, interesting is how the sell orders keep dropping to a lower level.
Its already entered 12000 Dash up for sale range by now and keeps falling down.

It will be interesting to see what happens when the sell orders really hit low times....

It was interesting to watch yesterday when the ETH and another unimportant coin got the sudden dump DASH was presured too... just that DASH behaves different and the sell potential halfed with not much impact on the DASH price.

Also notable that the left over sell orders are stacked below 0.1 BTC and it is not really that much left compared to the buy side.

[HR]

I would prefer every cryptocurrency coin I buy to be legally linked to my person...I postulate that mass adoption, other than to have some “spending money" in crypto, won’t happen until buyer and seller information are “time stamped” into each and every transaction

You make a very good point.

The thing is, it can't be done justice to by a single monetary tier. In an advanced financial system the trading currency (units which measure the value of the trade) is abstracted away from the collateral that backs it.

If you want to actually use the collateral itself to exchange for the good or service you're buying then that would be barter.

In the case of cryptocurrencies like Bitcoin, they are unbacked electronic assets and so qualify as collateral. When it's deployed in a commercial role though, it does in fact have your name on it - just like your house.

Here's two examples:

1. When you want to trade it for other currencies on a commercial trading platform you enter into a contract with an exchange whereby the contract assigns ownership of a certain quantity of blockchain balance to a designated individual (you). That balance may be fixed or floating depending on the contract (i.e. your balance might be at a designated address or a non-designated one). You then proceed to trade all day long, each one of those trades being registered, tracked and identified as being you. Finally, when you're finished you withdraw funds to the lower monetary tier where owner and possessor are no-longer distinct entities. (i.e. the owner IS the possessor)

2. If you have a Bitcoin backed credit card, you can move funds into a blockchain address that the credit card company designates. They will then credit you with a "tier 2" monetary token that is tradable in trading currency units as opposed to blockchain units. Again - all your trades will be recorded, identified and tracked and if you get stuff stolen in that monetary tier you will have recourse to a third party to restore your balance.

What you can't do is stamp your name on a bearer token - because then it would no longer qualify as such and consequently not qualify as bottom-tier collateral. (Because you need a third party to endorse the ownership). You COULD however enter into a barter trade with a bearer token because the mere fact that you hold it - means that you own it.

Put another way, potatoes don't grow out of the ground with anyone's name on them. Diamonds don't, coal doesn't and gold nuggets don't.

Thats the asset class that cryptocurrencies belong to. Like the potato, the diamond and the nugget that emerge from the earth, a crypto coin emerges from mathematical solution space....with nobody's name on it  

REF: A good reference on monetary tiers in the fiat system is the Bank of England website. Here you can see how one tier backs another and how successive layers become more articulate in terms of their monetary priorities but further away from the collateral that backs them as well as less liquid. The BofE has about 5 tiers, (only 3 of which are in use I think). They are named M0...M4

Base money supply tier:
http://www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/m0.aspx

M4 (Broad money supply) tier"
http://www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/m4.aspx

All developed and developing nations use something similar. It’s the way they measure the amount of different types of money in circulation and basically classified in terms of liquidity. Nevertheless, there is no difference between any of them in terms of rightful ownership - that is unless you have “bearer notes” physically on hand, which in the US is the equivalent of M0 (and doesn’t actually "back" any of the higher “tiers” either). The rest of the monetary aggregates are all “on the books”, and if it’s yours, it’s demonstrable. You own it! That's what I'm talking about: proof of ownership (even when it's highly liquid M1 currency!).

https://en.wikipedia.org/wiki/Money_supply

I liked this analogy of yours:

“That’s the asset class that cryptocurrencies belong to. Like the potato, the diamond and the nugget that emerge from the earth, a crypto coin emerges from mathematical solution space....with nobody's name on it.”

https://en.wikipedia.org/wiki/Asset_classes

Commodities do indeed start in their raw material state, but then bars are made (gold and silver) and serial numbers are assigned, and then, when we buy them, they are legally assigned to the buyer. My gold bars are mine, and they are legally documented as such. Of course they could be melted down if they were stolen, but then who would buy that melted down gold knowing it’s stolen? In any event, since this is a terrible digression from the topic and something that will invite all the nuts to come out of their holes, I’ll leave this as an aside and continue with my main point: with crypto we have the unique opportunity to immediately assign a unique identity to the “raw material” immediately upon coming into existence AS WELL AS legally assigning it to its finder. It is electronic gold that can be labeled (and can’t ever be melted down) and assigned to its rightful owner the moment it “comes out of the cryptographic ground”.

That’s what I’m talking about, but I suspect it is a major non-starter, not just here, but in the crypto world in general. Unfortunately the underlying meme has been so strong (I’m not sure why other than accounting for legacy marketing strategies) that everyone has their blinders on.

[Macno]

I would prefer every cryptocurrency coin I buy to be legally linked to my person...I postulate that mass adoption, other than to have some “spending money" in crypto, won’t happen until buyer and seller information are “time stamped” into each and every transaction

You make a very good point.

The thing is, it can't be done justice to by a single monetary tier. In an advanced financial system the trading currency (units which measure the value of the trade) is abstracted away from the collateral that backs it.

If you want to actually use the collateral itself to exchange for the good or service you're buying then that would be barter.

In the case of cryptocurrencies like Bitcoin, they are unbacked electronic assets and so qualify as collateral. When it's deployed in a commercial role though, it does in fact have your name on it - just like your house.

Here's two examples:

1. When you want to trade it for other currencies on a commercial trading platform you enter into a contract with an exchange whereby the contract assigns ownership of a certain quantity of blockchain balance to a designated individual (you). That balance may be fixed or floating depending on the contract (i.e. your balance might be at a designated address or a non-designated one). You then proceed to trade all day long, each one of those trades being registered, tracked and identified as being you. Finally, when you're finished you withdraw funds to the lower monetary tier where owner and possessor are no-longer distinct entities. (i.e. the owner IS the possessor)

2. If you have a Bitcoin backed credit card, you can move funds into a blockchain address that the credit card company designates. They will then credit you with a "tier 2" monetary token that is tradable in trading currency units as opposed to blockchain units. Again - all your trades will be recorded, identified and tracked and if you get stuff stolen in that monetary tier you will have recourse to a third party to restore your balance.

What you can't do is stamp your name on a bearer token - because then it would no longer qualify as such and consequently not qualify as bottom-tier collateral. (Because you need a third party to endorse the ownership). You COULD however enter into a barter trade with a bearer token because the mere fact that you hold it - means that you own it.

Put another way, potatoes don't grow out of the ground with anyone's name on them. Diamonds don't, coal doesn't and gold nuggets don't.

Thats the asset class that cryptocurrencies belong to. Like the potato, the diamond and the nugget that emerge from the earth, a crypto coin emerges from mathematical solution space....with nobody's name on it  

REF: A good reference on monetary tiers in the fiat system is the Bank of England website. Here you can see how one tier backs another and how successive layers become more articulate in terms of their monetary priorities but further away from the collateral that backs them as well as less liquid. The BofE has about 5 tiers, (only 3 of which are in use I think). They are named M0...M4

Base money supply tier:
http://www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/m0.aspx

M4 (Broad money supply) tier"
http://www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/m4.aspx

All developed and developing nations use something similar. It’s the way they measure the amount of different types of money in circulation and basically classified in terms of liquidity. Nevertheless, there is no difference between any of them in terms of rightful ownership - that is unless you have “bearer notes” physically on hand, which in the US is the equivalent of M0 (and doesn’t actually "back" any of the higher “tiers” either). The rest of the monetary aggregates are all “on the books”, and if it’s yours, it’s demonstrable. You own it! That's what I'm talking about: proof of ownership (even when it's highly liquid M1 currency!).

https://en.wikipedia.org/wiki/Money_supply

I liked this analogy of yours:

“That’s the asset class that cryptocurrencies belong to. Like the potato, the diamond and the nugget that emerge from the earth, a crypto coin emerges from mathematical solution space....with nobody's name on it.”

https://en.wikipedia.org/wiki/Asset_classes

Commodities do indeed start in their raw material state, but then bars are made (gold and silver) and serial numbers are assigned, and then, when we buy them, they are legally assigned to the buyer. My gold bars are mine, and they are legally documented as such. Of course they could be melted down if they were stolen, but then who would buy that melted down gold knowing it’s stolen? In any event, since this is a terrible digression from the topic and something that will invite all the nuts to come out of their holes, I’ll leave this as an aside and continue with my main point: with crypto we have the unique opportunity to immediately assign a unique identity to the “raw material” immediately upon coming into existence AS WELL AS legally assigning it to its finder. It is electronic gold that can be labeled (and can’t ever be melted down) and assigned to its rightful owner the moment it “comes out of the cryptographic ground”.

That’s what I’m talking about, but I suspect it is a major non-starter, not just here, but in the crypto world in general. Unfortunately the underlying meme has been so strong (I’m not sure why other than accounting for legacy marketing strategies) that everyone has their blinders on.

I actually agree with you, I just don't get how this is somehow meant to prove that Dash is bad.
The only caveat would be that with M1 upwards you don't own any "money", just a legal claim on some legal tender against the emitting banks promise to pay you the amount displayed on your bank account. For instituionals it's TBills etc. The closest thing to what non banks know as Cash.

[szachta]

What is this algo in minningrigrentals?

[BagHolder010]

I've always been thinking how Toknormal keeps he's energy up with very nice response posts shutting down haters. Brilliant

I would be like...screw it going to drink my protein shake and just mind my own business
 

[qwizzie]

https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
(this regards Bitcoin's possible hard fork and Poloniex viewpoint)

this too : http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

The exchanges are now planning to list Bitcoin Unlimited (BU) as they would an alternative cryptocurrency, according to the statement. BU is an alternate implementation of the bitcoin software that seeks to expand the block size in an effort to scale the network's capacity.

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".
Other exchanges, though not listed as signatories, are said to be planning similar steps but have not signed on to this particular statement.

It really is getting to be a bloody mess out there.

[Macno]

I've always been thinking how Toknormal keeps he's energy up with very nice response posts shutting down haters. Brilliant

I would be like...screw it going to drink my protein shake and just mind my own business
 

Hey, are you the Mintpal hero? Still want to tip you.

[Zontop]

I've always been thinking how Toknormal keeps he's energy up with very nice response posts shutting down haters. Brilliant

I would be like...screw it going to drink my protein shake and just mind my own business
 

Hey, are you the Mintpal hero? Still want to tip you.

So Mintpal is still around us that is fantastic news but nobody will accept it here in public.

[FiniteByDesign]

Only 3 days left to get your DASH bar at the $50 price point

(2017) Limited Edition of 100 - 5" DASH Bars:

DASH bars are individually engraved (1 - 100), made of a copper/brass alloy that is antique silver plated and each come unfunded with a numbered hologram for customer placement on the bar. The customer can add a private key if they desire to add funds to the physical piece.

f*D's 5" DASH Bar Specs:
* 192 grams
* 5" diagonal
* 4-3/8" long
* 2-1/4" wide
* 1/4" thick

PRE-ORDER ONLY - To reserve a bar a full payment is required. Shipping is estimated to begin on April 10th.

NOTE: Pricing will go up as we approach April 10th per the below schedule, so early purchasers will get a lower cost per unit.

March 13th - March 21st : $50 each
March 22nd - March 31st : $60 each
April 1st - April 9th : $70 each
April 10th and after : $75 each

Please place order and make payment via the website link http://finitebydesign.net/product/5-dash-bar/
DASH is also accepted, only use this address to avoid scammers: XyAPBj2fBpf7w2zgH3WpPknZhDkBfT1Vyq

Mockup image below:



Hologram: