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

[toknormal]

Why uncompetitive and unstable ? Miners may got a lower revenue since 2015 (depending if they were in a position to upgrade their mining equipment or not and depending on their electricity costs)

Those are all valid points quizzie. Also, XKCD has made valid points in his comments. But they're insufficient to address the issues at hand which are chronic and fundamental in terms of loss of market share. Doing "more of the same" isn't going to fix it IMO. Compared to bitcoin or litecoin we've already got massive reward ratios for nodes which are ridiculous compared to the cost of running them. We've also got far more versatility in the chain functionality, yet w've sunk out of trace on rankings and they are buoyant, including the forks. This isn't a problem of "too much mining reward". All the top coins have nearly twice that of Dash.

It's helpful to see the "economics" of the coin in at least 2 layers of context. At the protocol level there only a few variables which makes it much easier to analyse than the morass of nebulous complexity of the broader market and holder demographics.

We need to "engineer" that inner protocol model so that all the variables are perfectly tuned with each other, work in harmony and it's bullet proof. I've already demonstrated how easy it is in the last 2 posts - it's almost back of the envelope stuff and is only basic due diligence apart from anything else.



IMO, the reason I've been at cross purposes with others in these discussions is because I'm addressing flaws in the core protocol economics and they're countering with anecdotal solutions from the broader market context. Ok - some of those may be valid, but it's again like leaving the brakes on and just fitting a bigger engine instead.

If something is flawed or unstable in that inner protocol economics model then it's going to be felt all the way to the outer layers but it'll be impossible to detect where the problem originates cos it'll be buried in clouds of opinionated ambiguity that's unresolvable.

So returning to your question:

Why is it unstable

, the answer is that the above analysis of core protocol model (whether we take my "500 Dash supply" market perspective or your "1000 Dash supply") requires Dash to lose market share or miners to mine at a 50% loss either of which destabilises the core protocol model.

The only way that model comes back into stability IMO is:

1. ramp the mining reward back up significantly. This would restore the lost competitively described in Example 1 previously. It will also solve the conflict of priorities between that and mining viability described in Example 2

2. continue to evolve the service provision layer to "mop up" the asymmetric margin over cost in the part of the primary supply that's "gifted" to masternodes. (Because if we don't, the market will do it for us by devaluing the coin further)

3. between 1 and 2 we will then have a more "measurable" value added provision by masternodes and this will feed positively back to both the supply deficit challenge (Example 1) and the mining sustainability challenge (Example 2) to mitigate them

We will then have a sustainable, competitive protocol economics model that isn't in conflict with itself, can market the primary supply competitively and sustains mining. With all that in place the price can rise and masternodes will start to benefit as well with dollar-valued rewards that are more in line with original expectations.

[bigrcanada1]

Well...I think it's time for Tok to fork DASH and make his own vision come true.   I and many others do not agree with ur assessment and I'm very certain will vote for the changes advocated for by dcg.  Good luck with your new project....I will be firmly voting for RTs proposal.  Cheers.

[tbct_mt2]

Altcoins Season in progress ? Please give your opinion...

~ snip ~

Green shows Altcoins marketcap dominance strengthening
Red (indirectly) shows Bitcoin marketcap dominance strengthening

Basically this is a chart that excludes Bitcoin marketcap dominance, it only shows Altcoins marketcap dominance / Altcoins seasons.

Next 6 to 9 months will be a very interesting period for altcoins. Altcoin season is here and it has still been expanded for longer months. Some people fear that the market gives altcoins very good rises recent months and when price drops back, they fear of another long down trend. They fear too much about it.

The downtrend is over and now we have been in an uptrend. During uptrend, price will be dumped back a little bit but such dump is for correction. After correction, price will rise again and hits higher peaks.

[qwizzie]

Well I'd like to know who is selling more Dash, miners or MN owners ( or teams that get 10%, they cash it, no? ) .  Who care less and who is to blame the most for DASH marketcap position...

Difficult to gather from statistics. All i can tell is that Dash has more spending then generating. Looking at the MRI (Miners Rolling Inventory) percentage for some specific PoW cryptocurrencies over a time period of 5 weeks and taking into account that MRI above 100% means more sold and MRI below 100% means more hoarded and also taking into account that (unlike other cryptocurrencies) Dash has newly generated supply split between miners and masternodes :

Bitcoin : 99,35% (slightly more newly generated supply hoarded then sold)
Bitcoin Cash : 82,91% (more newly generated supply hoarded then sold)
Bitcoin SV : 512,63% (far more newly generated supply sold then hoarded)
Dash : 112,10% (more newly generated supply sold then hoarded)
Litecoin : 96,93% (slightly more newly generated supply hoarded then sold)

Source : https://terminal.bytetree.com/ (see on-chain --> supply with each cryptocurrency)

Goal should be to bring Dash MRI down to below 100%

[JollyGood]

I would go a step further, things are not good because of the coronavirus pandemic and there is no clarity about what the next 6-9 months might bring.

It is too difficult to ascertain exactly what constitutes an upward or downward trend because of the complications that have arisen affecting the whole social economical climate on a global stage. If we can get some sort of normality back (as was with pre-coronavirus times) then we might see things becoming clearer.

Altcoins Season in progress ? Please give your opinion...

~ snip ~

Green shows Altcoins marketcap dominance strengthening
Red (indirectly) shows Bitcoin marketcap dominance strengthening

Basically this is a chart that excludes Bitcoin marketcap dominance, it only shows Altcoins marketcap dominance / Altcoins seasons.

Next 6 to 9 months will be a very interesting period for altcoins. Altcoin season is here and it has still been expanded for longer months. Some people fear that the market gives altcoins very good rises recent months and when price drops back, they fear of another long down trend. They fear too much about it.

The downtrend is over and now we have been in an uptrend. During uptrend, price will be dumped back a little bit but such dump is for correction. After correction, price will rise again and hits higher peaks.

[Pang.]

upload of more than 150 master nodes in hours.



Have those nodes been accumulated by the same group of people?

Any ideas on this huge increase?

could be by it?

https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb

a greeting

[qwizzie]

upload of more than 150 master nodes in hours.



Have those nodes been accumulated by the same group of people?

Any ideas on this huge increase?

could be by it?

https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb

a greeting

For now i consider this just a signal that new long term investors got interested in Dash. It could have to do with investors that watched the DashPay demo and observed all the progress on Dash Platform
and wanting to have a position for themselves in Dash, before Dash Platform and the DashPay Dapp gets released to Dash mainnet.

It could also have to do with investors anticipation on the Dash Economics discussion outcome and how that could strengthen their Dash Masternodes ROI in the next 5 years. It could even be dormant
long term Dash investors that did not setup masternodes before, that are setting up  masternodes now in order to use the voting power of those masternodes in the upcoming Dash Economics network polls.
Or it could simply be large whales diversifying into Altcoins (which in Dash case means having their long term investment collect some interest, by setting up masternodes).

I am not convinced right now that this large increase in active masternodes is related to the Dash staking option on Binance, that got announced recently.

[TaoOfSaatoshi]

Dash and Liquid Partner on Enhanced User Experience

Exciting news for users of both Dash and Liquid exchange today! Liquid (a top 5 volume cryptocurrency exchange) has enabled a full-featured Dash experience on their platform. InstantSend deposits and withdrawals, DASH/BTC and DASH/USDT trading pairs, and an enhanced user experience await users of Dash on Liquid exchange. Tao covers the integration on this episode of CATV.



Thanks for watching!

[Tungi17]

On today's episode Amanda speaks with Veronica Andrino, Dash Philippines Head Ambassador. The Philippines shows great potential for Dash, especially in terms of remittances and business.

https://youtu.be/JCexpiFFpdM

[JollyGood]

Do you think mining rewards will increase? And why are masternodes being mentioned all over the place in recent weeks so much so than ever before?

Those are all valid points quizzie. Also, XKCD has made valid points in his comments. But they're insufficient to address the issues at hand which are chronic and fundamental in terms of loss of market share. Doing "more of the same" isn't going to fix it IMO. Compared to bitcoin or litecoin we've already got massive reward ratios for nodes which are ridiculous compared to the cost of running them. We've also got far more versatility in the chain functionality, yet w've sunk out of trace on rankings and they are buoyant, including the forks. This isn't a problem of "too much mining reward". All the top coins have nearly twice that of Dash.

It's helpful to see the "economics" of the coin in at least 2 layers of context. At the protocol level there only a few variables which makes it much easier to analyse than the morass of nebulous complexity of the broader market and holder demographics.

We need to "engineer" that inner protocol model so that all the variables are perfectly tuned with each other, work in harmony and it's bullet proof. I've already demonstrated how easy it is in the last 2 posts - it's almost back of the envelope stuff and is only basic due diligence apart from anything else.



IMO, the reason I've been at cross purposes with others in these discussions is because I'm addressing flaws in the core protocol economics and they're countering with anecdotal solutions from the broader market context. Ok - some of those may be valid, but it's again like leaving the brakes on and just fitting a bigger engine instead.

If something is flawed or unstable in that inner protocol economics model then it's going to be felt all the way to the outer layers but it'll be impossible to detect where the problem originates cos it'll be buried in clouds of opinionated ambiguity that's unresolvable.

So returning to your question:

Why is it unstable

, the answer is that the above analysis of core protocol model (whether we take my "500 Dash supply" market perspective or your "1000 Dash supply") requires Dash to lose market share or miners to mine at a 50% loss either of which destabilises the core protocol model.

The only way that model comes back into stability IMO is:

1. ramp the mining reward back up significantly. This would restore the lost competitively described in Example 1 previously. It will also solve the conflict of priorities between that and mining viability described in Example 2

2. continue to evolve the service provision layer to "mop up" the asymmetric margin over cost in the part of the primary supply that's "gifted" to masternodes. (Because if we don't, the market will do it for us by devaluing the coin further)

3. between 1 and 2 we will then have a more "measurable" value added provision by masternodes and this will feed positively back to both the supply deficit challenge (Example 1) and the mining sustainability challenge (Example 2) to mitigate them

We will then have a sustainable, competitive protocol economics model that isn't in conflict with itself, can market the primary supply competitively and sustains mining. With all that in place the price can rise and masternodes will start to benefit as well with dollar-valued rewards that are more in line with original expectations.

[qwizzie]

Mining rewards will not increase, they never have. Mining rewards were originally scheduled to be reduced to 40% in a time period of 2 years (2014-2016).
Just like the masternode rewards were originally scheduled to be increased to 60% in that same time period.
That scheduled mining reward reduction stopped at 45% with the introduction of our decentralized budget in 2015.

The reason masternodes are being discussed so much lately is the Dash Economics discussions which will lead to Dash Core Group introducing several network polling proposals,
to see if there is concensus among masternode owners to change our current blockreward allocation from 45% (miners) / 45% (masternodes) / 10% (budget)
to 38% (miners) / 54% (masternodes) / 10% (budget) over a time period of 5 years & to see if there is concensus among masternode owners to introduce a more flexible budget system
(one that is not limited to 10%).

There are several reasons behind these proposed changes, which will be described in detail in those upcoming network poll proposals and can also be found here :

Dash Core Group Presentation on Dash Economics
https://www.youtube.com/watch?v=hUf76R2V3pY

At this point it is a bit unrealistic to exspect an increase in mining rewards, it is not what this cryptocurrency drives (it never has). But discussing it on the other hand is fine with me.
We can exspect a lot more heated discussions about mining and masternodes rewards the coming weeks, as we are getting closer to those network polls.
We are witnessing Dash governance in action : Discussions --> Polling Proposals --> More Discussions --> MN voting --> Clearity --> Network as a whole moves on.

[JollyGood]

Thank you for the detailed reply.

Going by what you said it is clear mining rewards will not be increasing any time in the near future (and probably will never) the rationale for that is clear now. Regarding the buzz around masternodes, any discussion to ascertain consensus in a potential change in the budget system should probably be discussed over a long period of time just to ensure they get it right.

With so much activity around various DASH community groups and their active Core Group hopefully things will go from strength to strength.

Mining rewards will not increase, they never have. Mining rewards were originally scheduled to be reduced from 100% to 40% in a time period of 2 years (2014-2016).

That scheduled mining reward reduction stopped at 45% with the introduction of our decentralized budget in 2015. Mining rewards will most likely continue to get reduced over time,
depending on the outcome of the Dash Economics discussions.

The reason masternodes are being discussed so much lately is the Dash Economics discussions which will lead to Dash Core Group introducing several network polling proposals,
to see if there is concensus among masternode owners to change our current blockreward allocation from 45% (miners) / 45% (masternodes) / 10% (budget)
to 38% (miners) / 54% (masternodes) / 10% (budget) over a time period of 5 years & to see if there is concensus among masternode owners to introduce a more flexible budget system
(one that is not limited to 10%).

There are several reasons behind these proposed changes, which will be described in detail in those upcoming network poll proposals and can also be found here :

Dash Core Group Presentation on Dash Economics
https://www.youtube.com/watch?v=hUf76R2V3pY

At this point it is a bit unrealistic to exspect an increase in mining rewards, it is not what this cryptocurrency drives (it never has). But discussing it on the other hand is fine with me.
You can exspect a lot more heated discussions about mining and masternodes rewards the coming weeks, as we are getting closer to those network polls.

[TaoOfSaatoshi]

Wirecard Aftermath, Buy Your Crypto on PayPal?, Dash Integration Bonanza...and more! | CATV LIVE

As I predicted last week, the Wirecard insolvency fiasco dominoes are starting to fall, affecting Crypto.com debit cards. If you can't beat 'em, join 'em, as PayPal is reportedly going to offer digital currency buying and selling. The Dash ecosystem is growing by leaps and bounds lately, offering more choices to buy, store, and spend the best digital cash. All this and way more on this weekend's CATV LIVE.



Today at 4PM UTC. Thanks for watching!

[AzzAz]

Well I'd like to know who is selling more Dash, miners or MN owners ( or teams that get 10%, they cash it, no? ) .  Who care less and who is to blame the most for DASH marketcap position...

Difficult to gather from statistics. All i can tell is that Dash has more spending then generating. Looking at the MRI (Miners Rolling Inventory) percentage for some specific PoW cryptocurrencies over a time period of 5 weeks and taking into account that MRI above 100% means more sold and MRI below 100% means more hoarded and also taking into account that (unlike other cryptocurrencies) Dash has newly generated supply split between miners and masternodes :

Bitcoin : 99,35% (slightly more newly generated supply hoarded then sold)
Bitcoin Cash : 82,91% (more newly generated supply hoarded then sold)
Bitcoin SV : 512,63% (far more newly generated supply sold then hoarded)
Dash : 112,10% (more newly generated supply sold then hoarded)
Litecoin : 96,93% (slightly more newly generated supply hoarded then sold)

Source : https://terminal.bytetree.com/ (see on-chain --> supply with each cryptocurrency)

Goal should be to bring Dash MRI down to below 100%

...And where Monero stands? Marketcap side it fares much better than Dash.

[Tungi17]

Another Successful Dash Budget Cycle passed, 5024.98 Dash will be paid out across all voted in DAO projects in the next 24h
 (see u next month)
https://www.dashcentral.org/budget
https://app.dashnexus.org/proposals/active

[qwizzie]

Well I'd like to know who is selling more Dash, miners or MN owners ( or teams that get 10%, they cash it, no? ) .  Who care less and who is to blame the most for DASH marketcap position...

Difficult to gather from statistics. All i can tell is that Dash has more spending then generating. Looking at the MRI (Miners Rolling Inventory) percentage for some specific PoW cryptocurrencies over a time period of 5 weeks and taking into account that MRI above 100% means more sold and MRI below 100% means more hoarded and also taking into account that (unlike other cryptocurrencies) Dash has newly generated supply split between miners and masternodes :

Bitcoin : 99,35% (slightly more newly generated supply hoarded then sold)
Bitcoin Cash : 82,91% (more newly generated supply hoarded then sold)
Bitcoin SV : 512,63% (far more newly generated supply sold then hoarded)
Dash : 112,10% (more newly generated supply sold then hoarded)
Litecoin : 96,93% (slightly more newly generated supply hoarded then sold)

Source : https://terminal.bytetree.com/ (see on-chain --> supply with each cryptocurrency)

Goal should be to bring Dash MRI down to below 100%

...And where Monero stands? Marketcap side it fares much better than Dash.

I suspect Monero has a much lower newly generated supply and much lower inflation. I have no information about Monero's MRI or how much of its generated supply is spend or hoarded,
because bytetree.com only focus on above mentioned cryptocurrencies. But because a lot of mining botnets operate on Monero's network, one would exspect a high MRI percentage there as well.
It is Monero's low emission inflation and the fact that more then 90% of Monero is already mined, that most likely has the strongest effect on their market cap and their market performance.
Monero's weaknesses : adoption, transactions, traded volume, lacking in its main (privacy-centric) use case.

Statistics about some established cryptocurrencies market performance (see % Down from ATH) :


Source : messari.io
Excluding : stablecoins, most exchange tokens

Not much has changed for Dash, we are still in that 95%-96% down from ATH.
Same for Ripple and Bitcoin Cash. The rest of the cryptocurrencies are a bit below that, with the exception of those cryptocurrencies that emerged after the 2017 bull market like Chainlink & Tezos,
they are doing relatively well.

I wonder if it really feels that different to investors if the price of their cryptocurrency is 87% down from ATH or 95% down from ATH ?
In both situations that price is way way way down.

[hd49728]

I suspect Monero has a much lower newly generated supply and much lower inflation. I have no information about Monero's MRI or how much of its generated supply is spend or hoarded,
because bytetree.com only focus on above mentioned cryptocurrencies. But because a lot of mining botnets operate on Monero's network, one would exspect a high MRI percentage there as well.
It is Monero's low emission inflation and the fact that more then 90% of Monero is already mined, that most likely has the strongest effect on their market cap and their market performance.

I agree that it is a great support for Monero price on the market in months to come. Most of supplied coins are mined (> 90%). From the monthly chart, Monero has been in a good support range but if the range fails to support Monero, the next range will be somewhere from 0.0034 to 0.0045. 

Monero's weaknesses : adoption, transactions, traded volume, lacking in its main (privacy-centric) use case.

Since 2018, Monero has suffered dramatic changes and attacks on their adoption, and many exchanges decided to delist Monero under pressure of local law regulations.

Statistics about some established cryptocurrencies market performance (see % Down from ATH) :


Source : messari.io
Excluding : stablecoins, most exchange tokens

Not much has changed for Dash, we are still in that 95%-96% down from ATH.
Same for Ripple and Bitcoin Cash. The rest of the cryptocurrencies are a bit below that, with the exception of those cryptocurrencies that emerged after the 2017 bull market like Chainlink & Tezos,
they are doing relatively well.

I wonder if it really feels that different to investors if the price of their cryptocurrency is 87% down from ATH or 95% down from ATH ?
In both situations that price is way way way down.

Compare to Ripple and Bitcoin Cash, I see a brighter future for DASH. Ripple is too centralized and latest activities of centralization force the price down more and more. I even see lower price for Ripple.

Bitcoin Cash, it is a pump and dump coin, there is no interesting technical things on it.

DASH, we have many things that are better than Ripple and Bitcoin Cash. A long journey to hit the -50% down from ATH, why not?

[NibiruHybrid]

CryptoRefills Announce 30% Reward Bonus If Users Redeem Loyalty Points In Dash

Earn loyalty points on CryptoRefills for mobile top-ups and gift cards purchases from the world’s largest digital and retail brands with Dash digital cash.

Read more: https://newsroom.dash.org/101305-cryptorefills-announce-30-reward-bonus-if-users-redeem-loyalty-points-in-dash

[TaoOfSaatoshi]

Grass Roots Passion For Dash (w/ Blake Chamness)

Blake Chamness is one of the most passionate supporters of Dash that you will ever see. He's faced numerous failures and overcame the adversity with renewed vigor. Some view his grass-roots type of ambassadorship unworthy of funding from the treasury, but you can't argue with his dedication to the cause. The proposal owner of Dash Texas Farms shares his perspective on many Dash and digital currency topics in this episode of CATV.



Thanks for watching!

[edipra997]

Altcoins Season in progress ? Please give your opinion...

https://i.imgur.com/vUpZKF1.jpg
Source : tradingview.com

Green shows Altcoins marketcap dominance strengthening
Red (indirectly) shows Bitcoin marketcap dominance strengthening

Basically this is a chart that excludes Bitcoin marketcap dominance, it only shows Altcoins marketcap dominance / Altcoins seasons.
 

yes, altcoin will be to the moon