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

[qwizzie]

Ryan Taylor is only guessing and making assumptions about the market.

A lot of people are only guessing and making assumptions about the market .. including you, me, toknormal and Ryan.
Lets face it, thats what toknormal posts are : personal assumptions about the market.

In this case i put more value to Ryan's assumptions / assessment about the market, and put much less value on toknormal assumptions about the market.

[Meraki.cash]

Hello Dash Community,

Thank you so much for the technology called "Chainlocks" in our understanding we don't need to give to miners almost half of the block reward (45%) to secure the network. It enables us to incentivize other parties of the network.

We are testing your new technology "CHAINLOCKS"  in order to try a different distribution of the block reward. which consists in:

10% MINERS
60% MASTERNODES
20% SYSTEM PROPOSALS
10% CHARITY PROPOSALS

We really appreciate the hard work of Dash Core-Team and we will let you know. How "chainlocks" works in practice within a small project..

Best regards,
Meraki Core-Team

[afbitcoins]

Ryan Taylor is only guessing and making assumptions about the market.

A lot of peopleare only guessing and making assumptions about the market .. including you, me, toknormal and Ryan.
Lets face it, thats what toknormal posts are : assumptions about the market.

In this case i put more value to Ryan's assumptions about the market, and put much less value on toknormal assumption about the market.

Its not a popularity contest between Ryan Taylor and Toknormal. Maybe it help if you explain why you put more weight? What is toknormal (and I presume myself) judging badly?

[qwizzie]

Ryan Taylor is only guessing and making assumptions about the market.

A lot of peopleare only guessing and making assumptions about the market .. including you, me, toknormal and Ryan.
Lets face it, thats what toknormal posts are : assumptions about the market.

In this case i put more value to Ryan's assumptions about the market, and put much less value on toknormal assumption about the market.

Its not a popularity contest between Ryan Taylor and Toknormal. Maybe it help if you explain why you put more weight? What is toknormal (and I presume myself) judging badly?

In my opinion our PoW needs adjusting to restrict the miners value over time and make sure they do not become more centralized then they already are.
Toknormal assumption about market focus on restricting masternodes value over time and shifting more value to miners.

These are two opposite and clashing views.

[afbitcoins]

Ryan Taylor is only guessing and making assumptions about the market.

A lot of peopleare only guessing and making assumptions about the market .. including you, me, toknormal and Ryan.
Lets face it, thats what toknormal posts are : assumptions about the market.

In this case i put more value to Ryan's assumptions about the market, and put much less value on toknormal assumption about the market.

Its not a popularity contest between Ryan Taylor and Toknormal. Maybe it help if you explain why you put more weight? What is toknormal (and I presume myself) judging badly?

In my opinion our PoW needs adjusting to restrict the miners value over time and make sure they do not become more centralized then they already are.
Toknormal assumption about market focus on restricting masternodes value over time and shift more value to miners.

These are two opposite and clashing views.

Are you worried about 51% attacks? We have chainlocks for that protection. So far mining centralisation has not caused many problems that I am aware of apart from a few 51% attacks in small market cap coins. If a large mining attack were to happen it would cost massive amounts of energy to do anything significant wouldn't it? Or you think a government could attempt it to bring down crypto. Eg china seizes mining pools and directs attacks on bitcoin?

[qwizzie]

Ryan Taylor is only guessing and making assumptions about the market.

A lot of peopleare only guessing and making assumptions about the market .. including you, me, toknormal and Ryan.
Lets face it, thats what toknormal posts are : assumptions about the market.

In this case i put more value to Ryan's assumptions about the market, and put much less value on toknormal assumption about the market.

Its not a popularity contest between Ryan Taylor and Toknormal. Maybe it help if you explain why you put more weight? What is toknormal (and I presume myself) judging badly?

In my opinion our PoW needs adjusting to restrict the miners value over time and make sure they do not become more centralized then they already are.
Toknormal assumption about market focus on restricting masternodes value over time and shift more value to miners.

These are two opposite and clashing views.

Are you worried about 51% attacks? We have chainlocks for that protection. So far mining centralisation has not caused many problems that I am aware of apart from a few 51% attacks in small market cap coins. If a large mining attack were to happen it would cost massive amounts of energy to do anything significant wouldn't it? Or you think a government could attempt it to bring down crypto. Eg china seizes mining pools and directs attacks on bitcoin?

I just don't see much point in shifting value away from masternodes and towards miners, when those miners are centralized through large miningpools already and producing a mining hashrate at ATH level for some time now without any effect on price. This indicates to me that miners can and need to be restricted more and that is therefore where our focus should be. With ChainLocks we are now one of the few PoW projects that can actually make an important change within its PoW model, because we now don't need to give to miners almost half of the block reward to secure the network.

Our governance model already is hampered when we need miners approval, making our updating a very slow months-taking process. With an even more centralized miningpool outlook, just one or two miningpools could actually take our updating proces to a stand still. Not because of malicious intend, but just because its inconvenient in their updating schedule.

In the end i feel this is also about who do we want to have control over Dash ? Centralized mining pools who don't really care about Dash ? Or masternodes who invested long term into Dash and follow its project much more closely ?

[toknormal]

in our understanding we don't need to give to miners almost half of the block reward (45%) to secure the network.

That only works if you take the view that people are in the market to invest in "cheaply secured networks".

But from looking at the last 8 years of history that would appear not to be the case.

Rather they seem to want to invest in the coins with most scarcity and the market's definition of "scarcity" in that context is coins that have required the largest amounts of energy to mine.

If you need actual "in the field evidence" of how reducing the mining reward doesn't lead to a higher valuation then try looking at Dash. We've had 50% less mining reward than our competitors for several years now and we've lost market share to all of them. ergo: based on that, reduce it further and we'll lose even more market share.

I just don't see much point in shifting value away from masternodes and towards miners

Quizzie. You spend a lot of time in here. Please go back and read my previous post. We are not shifting reward back to miners, we're shifting it back to the primary market that pays for the mining cost so that we can supply it a competitive amount of coin, not compared with masternodes but compared with other competing blockchains.

The point, therefore is to stem the loss of market share to them. The mechanics by which we lose that market share are various, but an example is having to find market liquidity for BOTH the mining cost AND the sale price of the masternode reward. i.e. charging the market for 3 coins and only supplying it with 2.

We need to change our mindset from thinking about the reward split in terms of "mining/masternodes" and think of it in terms of "mining dash/mining XMR" or "mining Dash/mining LTC" etc.

Here's what our "cheaply secured network" did for us so far in terms of market share (% share of leading monetary altcoin marketcap):



Notice I left out bitcoin. If we include bitcoin then Dash is so comprehensively trounced in terms of market share that it barely registers. If we diminish the mining reward any further (or even leave it where it is) we'll have an ultra-cheaply secured network and correspondingly ultra cheaply valued coin that's so cheaply valued it doesn't even make it onto page 1 of cmc.com IMO.

Data: (source: waybackmachine, archive.org coinmarketcap.com month of March)

[Alexey45]

Not for nothing I here strongly swore when DASH lost positions 
If this criminal leadership had been kicked out back then, everything would be fine now.   
But now it's time to start returning capitalization, in all possible and impossible ways!
Make a deficit. Reduce your reward now, don't wait another 114 days! Run ads. Fight for the market!

[JollyGood]

What will be the main aims of the DASH Team for 2020?

Which key additions or modifications will be made to keep DASH relevant in the face of ETH upgrade and other widely used crypto?

The one obvious thing DASH has in its favour is the dynamic international multi-lingual community that power it. They are active in several countries in Africa and in several countries in South America and so many other places. The are a very active bunch.

[qwizzie]

Hello Dash Community,

Thank you so much for the technology called "Chainlocks" in our understanding we don't need to give to miners almost half of the block reward (45%) to secure the network. It enables us to incentivize other parties of the network.

We are testing your new technology "CHAINLOCKS"  in order to try a different distribution of the block reward. which consists in:

10% MINERS
60% MASTERNODES
20% SYSTEM PROPOSALS
10% CHARITY PROPOSALS

We really appreciate the hard work of Dash Core-Team and we will let you know. How "chainlocks" works in practice within a small project..

Best regards,
Meraki Core-Team

Interesting distribution of the block reward. Good luck with your project.

[Alexey45]

And let the guilty put up for sale their property not for dollars, but for DASH. Show the world how they love and believe in the future of DASH.
But if no one is found guilty and no one is punished, then people will not believe it.
Is it possible to invest millions if the team itself does not have a DASH coin and does not believe in what it does.
Show everyone your wallets with DASH or have you sold all the coins and invested in BTC?
What's wrong with this team

[Mike323]

Alexey45 don't worry. You'll always have the qwizzie izzy izzies and the like what will want dash to fall lower so they can buy more. This is good to them because it used to be over $1600 and now it's below $50 

[qwizzie]

The phoenix is rising, i repeat : the phoenix is rising.

[Alexey45]

The phoenix is rising, i repeat : the phoenix is rising.

I hope someone from the management is now selling his mansion for DASH and this was reported in the news on television

[afbitcoins]

Hello Dash Community,

Thank you so much for the technology called "Chainlocks" in our understanding we don't need to give to miners almost half of the block reward (45%) to secure the network. It enables us to incentivize other parties of the network.

We are testing your new technology "CHAINLOCKS"  in order to try a different distribution of the block reward. which consists in:

10% MINERS
60% MASTERNODES
20% SYSTEM PROPOSALS
10% CHARITY PROPOSALS

We really appreciate the hard work of Dash Core-Team and we will let you know. How "chainlocks" works in practice within a small project..

Best regards,
Meraki Core-Team

Interesting distribution of the block reward. Good luck with your project.

Yes good luck with that. It is an interesting experiment. But as my understanding goes this will not be a success. It stands to reason. Why not give 1% to miners? Then 99% to everyone! Yay free money for everyone. It has to be a success.

[afbitcoins]

The phoenix is rising, i repeat : the phoenix is rising.

At least we can both still celebrate dash rising in price

[TaoOfSaatoshi]

Christopher's Crypto Chronicles (Jan 4)

In this episode of CCC Tao looks at Dash marketing and adoption efforts, gets hyped about EvoNet, shares Chainlocks security research and announces a new member to the Cash Alternative TV team.



Thanks for watching!

[qwizzie]

At least we can both still celebrate dash rising in price

[Alexey45]

binance.com  the DASH/BTC pair has overtaken ETH in terms of volume.
Also the largest volume on the weekly chart!
↑↑↑ to the moon ↑↑↑

[mR.k0fka]

binance.com  the DASH/BTC pair has overtaken ETH in terms of volume.
Also the largest volume on the weekly chart!
↑↑↑ to the moon ↑↑↑

Dash also look very sexy on the charts
especially on the weekly dash/usdt pair
looks like the bottom is in or very close!