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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9704281 times)
NibiruHybrid
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July 08, 2018, 02:20:23 PM


The Missing Link to Crypto Adoption: Anypay’s Story


The crypto revolution took the world by storm. That is, it did in a speculative way, with investors scrambling to buy with hopes of massive profits. The percentage of the global population using decentralized digital currencies in their everyday lives today is statistically around zero. How did crypto adoption end up being an illusion, and what’s the missing link for real economic use?


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July 08, 2018, 03:14:05 PM
Last edit: July 08, 2018, 03:29:19 PM by Lontonbit

Dash drops to .035 btc??? Wtf is going on everything else is booming. I am fucking done with dash

It’s gold for nerds
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July 08, 2018, 03:29:11 PM
Merited by iCEBREAKER (1)

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.

yonton
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July 08, 2018, 04:57:09 PM

This coin is a disaster Hodlers rekt
bigrcanada1
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July 08, 2018, 06:35:29 PM

Fully Rekt!  Please dump the rest of you holdings while you can....
qwizzie
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July 08, 2018, 07:00:11 PM
Last edit: July 08, 2018, 07:33:05 PM by 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/

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
bigrcanada1
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July 08, 2018, 09:35:49 PM

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/

I know... Funny how these "Fluffy Cult" brigade members think we aren't up on what they are trying to do. 
afbitcoins
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July 08, 2018, 11:40:52 PM

This coin is a disaster Hodlers rekt

Ah you're still here. I thought we'd shaken you out by now.

This is the time to buy. Patience will be rewarded.
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July 09, 2018, 01:40:45 AM

Round two for dash dump begins! Blood gushing
wiss19
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July 09, 2018, 01:57:52 AM

there is dash news will experience a pretty worrying decline this July
it will give traders the opportunity to buy it

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tungfa
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July 09, 2018, 02:27:53 AM

People spending DASH at NH retail are getting instant rebates, aka “DASH-Back”. Here’s why and how it works.

https://monadnockcrypto.com/2018/07/07/people-spending-dash-at-nh-retail-are-getting-instant-rebates-aka-dash-back-heres-why-and-how-it-works/
Cryptorials
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July 09, 2018, 08:09:10 AM
Merited by iCEBREAKER (2), afbitcoins (1)

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?

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July 09, 2018, 11:19:52 AM

Dash core needs to do something quick if it’s going to survive this bear market, there’s no reason why dash is dropping so much more than the rest of the market.

It’s gold for nerds
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July 09, 2018, 11:54:46 AM
Last edit: July 09, 2018, 05:51:33 PM by qwizzie
Merited by afbitcoins (1)

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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Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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July 09, 2018, 01:43:40 PM

can someone say in 2 sentence, why DASH/ BTC keep Falling??? Thank you
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July 09, 2018, 02:03:46 PM

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/

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
Lontonbit
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July 09, 2018, 02:04:43 PM

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

It’s gold for nerds
NibiruHybrid
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July 09, 2018, 02:15:56 PM


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”.



Join New Dash Talk Discord Server​
yonton
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July 09, 2018, 03:22:44 PM

Dash is now breaking all support, not even a bounce??
Alohaboy?!
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July 09, 2018, 03:44:56 PM

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
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