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

[qwizzie]

Dash drops to .035 btc??? Wtf is going on everything else is booming

Maybe its the lightning network slowly closing Dash's window of opportunity.

Once LN is more fully deployed, unless Dash has built up a strong base of users (actual users not speculative hodlers) before then, Dash's main selling point of scalability, fast transactions and low fees becomes largely irrelevant imho. It still could do well by being more user friendly and adding other extra Ethereum like features in a user-friendly way, but it will get harder to break through and that is going to be reflected in the price.

Lightning Network is still light years away from getting fully tested and implemented in a safe way and on a large scale. LN can not guarantee low transaction fees and has difficulty with the routing of its transactions as its nodes will always need to stay online. In the end it will just lead to massive centralization thanks to how the Lightning Network works and most likely end up only handling large transactions from large institutions through preferenced LN hubs for Bitcoin. Not to mention how LN will most likely create new attack vectors by itself as a lot of value will pass through its centralized LN hubs / nodes.

https://www.investopedia.com/tech/bitcoin-lightning-network-problems/
https://cryptovest.com/news/the-lightning-network-poses-serious-weaknesses/

Genuinely not trying to FUD just trying to share my concerns and form my own opinion on the matter through conversation, but how is that so very different from masternodes? Are they not nodes which always have to stay online, create centralization, and centralized points of attack?

I don't see how LN nodes needing to stay online is a problem, since there is an in-built reward mechanism to compensate people for doing this. Centralization may be an issue for it, although I've also seen the argument that because they may require a money transmitter license and open the person running it to being responsible for what other participants are using it for there may be few large companies willing to go through the hassle and risk, leaving smaller players not worth chasing down by authorities to pick up the slack. And if it does become very centralized, its still just an extra service on top of Bitcoin and you can still use the underlying protocol when you want so maybe that's not a critical problem. Also there can be multiple LN networks so if one is un-friendly to regular people somebody will launch a new one surely? And as for points of attack, at least a node cannot steal the money being routed through it, only delay payments, so perhaps hacking is not quite such a massive issue?

With Dash the blockchain is structured into tiers (miners form tier 1, masternodes form tier 2, endusers after Dash Evolution form tier 3). These tiers are all part of the same network. Masternodes are used for processing InstantSend transactions, facilitate coin mixing (PrivateSend) and can be used to vote on budget proposals. Masternodes and its quorums are selected randomly and are collaterized with a 1000 Dash per masternode. To attack the Dash masternode network the costs would be very high and the attack success rate very low due to Dash masternode collaterization and how it randomly selects its masternodes. Dash masternodes (4600 more or less) are spread all over the world and are even setup by users through joint-sharing. The Masternode Network has no problem with a hot & cold wallet setup, where the hot wallet is an empty wallet on the server side and the cold wallet contains the masternode collateral (offline).

Bitcoin Lightning Network is a centralized seperate network that is not part of Bitcoin's blockchain, has a relatively small number of nodes (1000) that can easily be sybil-attacked and most importantly does not form a solution for Bitcoin's scaling problem by itself.
When Bitcoin's ability to relay transactions over its LN gets hampered due to hacks or Ddos attacks or infiltration of its LN nodes, users will not just fall back to Bitcoin with its slow confirmation time and high transaction costs, they will seek other altcoins that are not hampered by such additional centralized network. Cold storage of coins is impossible on the LN, making it susceptable to theft and hacking.

I think its way too premature to currently herald the Lightning Network as a solution to Bitcoin's scaling problem and it is even more
premature to use it as an urgument that it makes certain altcoins obsolete.

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[icosscam]

can someone say in 2 sentence, why DASH/ BTC keep Falling??? Thank you

[qwizzie]

can someone say in 2 sentence, why DASH/ BTC keep Falling??? Thank you

As long as Bitcoin does not show a clear and obvious reversal from bear sentiment to bull sentiment,
altcoins will feel additional sell pressure. Some coins are getting pumped right now, others are getting dumped right now.
That is normal, but the overall sentiment is still bearish or in danger of turning bearish.

Since Bitcoin recentely dropped from $6820 to $6717, i suspect some large traders fear an eminent further decline
and are therefore selling their btc and altcoins for tether or usd.

https://www.coindesk.com/bitcoin-price-constrained-below-key-resistance-at-6800/

[Lontonbit]

some people here just say the whole market is falling but it’s not true. All the other top coins are holding just fine. Dash seems to just non stop freefall. Not sure what to think of my investment here any more. I totally screwed up buying dash. This is not fud just fact! Zoom out on the charts everyone can see

[NibiruHybrid]

French Government Official Argues Against Cryptocurrency Regulations, but Still Wants Control

French government official and academic, Jean-Pierre Landau, also know as “Monsieur Bitcoin”, recently released a report that argued that it was “neither desirable nor necessary” to regulate cryptocurrencies.

The report, which extends over 100 pages, claims that overzealous regulations would create a “three-pronged danger”.

Read more: https://www.dashforcenews.com/french-government-official-argues-against-cryptocurrency-regulations-but-still-wants-control/

[yonton]

Dash is now breaking all support, not even a bounce??

[Alohaboy?!]

Dash is now breaking all support, not even a bounce??

Some support lines are no guarantee for a bounce. A price correction of around 90% is nothing spectacular in a bear market. The technical development and adoption is higher than ever and there is just some patience needed. Although I agree I would have guessed that it stays around 500$ for a longer time period since the awareness and development is solid

[bigrcanada1]

...there is some positive DASH news building....

DASH Will Serve as the New Paypal

https://goldstockbull.com/articles/dash-crypto-new-paypal/

[Lontonbit]

News doesn’t matter, the flood gates are open .034 now this is brutal

[bigrcanada1]

News doesn’t matter, the flood gates are open .034 now

predicting 0.02 to 0.025...personally. For MN investors we can only hope so.

But others think otherwise...


https://hacked.com/trade-recommendation-dash-17/

[Angel Di]

I don't know about the others, but I think again a good moment in the market is coming, when again the very moment to buy a coin. I still hope for growth and will still buy more coins.

[qwizzie]

What is Dash [DASH]? Should You Invest? (A Beginners’ Guide)

https://bcfocus.com/cryptocurrency-analysis/what-is-dash-dash-should-you-invest-a-beginners-guide/17964/

Edit : looks like the author made a mistake at the very start of this article :

Dash(DASH) is one of the biggest technological breakthroughs of this century. Its unforeseen rise from $1,000 to $19,000 in 2017 encouraged an innovative wave of digital currencies with blockchain as their underlying technology.

This should obviously have stated Bitcoin instead of Dash in this sentence. Maybe someone can contact the author to have this corrected.

[Lontonbit]

News doesn’t matter, the flood gates are open .034 now

predicting 0.02 to 0.025...personally. For MN investors we can only hope so.

But others think otherwise...


https://hacked.com/trade-recommendation-dash-17/

At that point it’s over, nobody’s going to invest in such a weak crypto. There’s no point in owning a node if it’s not worth anything.

[iCEBREAKER]

News doesn’t matter, the flood gates are open .034 now

predicting 0.02 to 0.025...personally. For MN investors we can only hope so.

But others think otherwise...


https://hacked.com/trade-recommendation-dash-17/

At that point it’s over, nobody’s going to invest in such a weak crypto. There’s no point in owning a node if it’s not worth anything.

As predicted, Dash continues to bleed out under the incompetent reign of Ryan Taylor and his for-profit Dash Corp Group Inc entity.

... You and your scum monereo trolls aka "fluffy cult" are in trouble. Let's just say this... You too late to change the tide.  Watch the following video very carefully... The pace is quickening and your concern is well founded...that Dash's development is now reaching critical mass.  And those of us that know.   when all this starts to click in place... Your "fluffy cult" will have been out gunned.  Also... We know that the "fluffy cult" is not only worried about their one trick "pony" (like what I just did there?) ... The "fluffy cult" has a covert plan afoot to try and get their greasy fluffy paws on what we are developing. That is why no one in Dash is discussing anything is detail openly... Your "fluffy cult" are Thieves.

Sad to see paranoid "Angry Drunk" (wife beating?) DashHoles lashing out and threatening critics who warned them this would happen, but were ignored or called "trolls" as thanks for their insights.

Dash  

[NibiruHybrid]

New ASU Blockchain Lab Research Shows Dash Can Easily Scale Near PayPal Levels

New research from the blockchain research laboratory at Arizona State University (ASU) shows that the Dash network can scale on-chain to over half of PayPal’s current transaction levels with ease.

The newly-released research paper, titled Block Propagation Applied to Nakamoto Networks, explores the viability of scaling the Dash network to mass levels on-chain primarily through increasing the block size. The paper specifically explores propagation techniques to minimize the orphan rate at high levels:

Read more: https://www.dashforcenews.com/new-asu-blockchain-lab-research-shows-dash-can-easily-scale-near-paypal-levels/

[Lontonbit]

Why are people posting bullshit news while dash is crashing? 15 on coin market cap now.

[qwizzie]

Poor trolls, still think they can influence this community by posting fud posts, when will they learn ?

Its okay Icey, you can delete and repost your own post again to keep it on top.... this Dash ANN forum
is just moving sooo darn fast.  

Edit : oh my, it looks like Icey just found a buddy in our Dash ANN forum, good for him !! Now we dont have to worry about
him being all alone in here. Just cherish and invest in that friendship Icey, like all things it needs commitment and attention.
(and maybe a few more merit points ?)

[iCEBREAKER]

Why are people posting bullshit news while dash is crashing? 15 on coin market cap now.

Wow, nice.  Been waiting to see that all day and caught the #Dashening on livecoinwatch in real time!  TYVM for the heads up! 

History is being made.  It's time to seriously consider firing Ryan The Clown and the rest of bungling Dash Corp Group Inc circus, then giving their budget and development duties to IOHK, who have help shepherd ETC into Dash's old #14 spot using less money and much, much less marketing.

[qwizzie]

New ASU Blockchain Lab Research Shows Dash Can Easily Scale Near PayPal Levels

New research from the blockchain research laboratory at Arizona State University (ASU) shows that the Dash network can scale on-chain to over half of PayPal’s current transaction levels with ease.

The newly-released research paper, titled Block Propagation Applied to Nakamoto Networks, explores the viability of scaling the Dash network to mass levels on-chain primarily through increasing the block size. The paper specifically explores propagation techniques to minimize the orphan rate at high levels:

Read more: https://www.dashforcenews.com/new-asu-blockchain-lab-research-shows-dash-can-easily-scale-near-paypal-levels/

I dont think the trolls in here liked your post, but i did .. specially this part :

Paper validates on-chain scaling, shows Dash can scale to mass payment network levels

The ASU paper on Dash block propagation shows the long-term viability of an on-chain scaling approach to growing payment networks. Based on this research and preliminary investigations into future research, Dr. Tapp feels optimistic about Dash’s ability to effectively scale well beyond the 10mb block sizes researched

[qwizzie]

Hmmm, Bitcoin price currently at 6696 and our Dash ANN forum page currently at 6659.
Coincedance ? i think not !! I sense a conspiracy behind this !!

If those two numbers ever meet and shake hands i suggest you all stay away from this forum for awhile,
because who knows what could happen