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

[Midas111]

Fast fixed low supply digital currencies are an optimum solution for storing and transferring value. Dash is one of the best, and perhaps the the very best for mass market accepted digital currencies. Digital Currency Laboratories, the developer of WAU Coin has working high tx throughput (400tx/s) smart contract programmability allowing fintech devs to utilize DASH as the value i/o unit for total smart contract integration.

Will Digital Currency Laboratories be active on Dash Platform, developing Dapps for Dash and utilizing our decentralized API ?

Link : https://www.dash.org/developers/ (see Dash Developer Portal)

Because that would be awesome.

Yes

[jdmcg]

I am calling this a sign of whales diversifying into Altcoins.

...and I'm calling it ultra radar & xcsd sh*ing their pants at getting overtaken by Zcash

There's no magic here. BTC is in a bull market, therefore the entire crypto space is bullish.

DASH, passed the 200 day MA yesterday against USD. That's bullish, so today it rips up thru the 50 day MA against BTC until it hits resistance at 0.008 BTC which is the 100 day MA against BTC.

It will now likely fight with the 100 day MA against BTC for a bit and retest the 50 day MA against BTC. Or not, it might just blast thru 0.008 later today/tomorrow until it hits resistance again at 0.0095 BTC (200 day MA)

[toknormal]

DASH, passed the 200 day MA yesterday against USD. That's bullish, so today it rips up thru the 50 day MA against BTC until it hits resistance at 0.008 BTC which is the 100 day MA against BTC....It will now likely fight with the 100 day MA against BTC for a bit and retest the 50 day MA against BTC...

...all while losing yet another ranking place against a 100% mined competitor that doesn't have Dash's "unique" advantage of only sending 40% of its supply to market via miners

Nice !

If this is what the pricing in of our new "store of value" protocol looks like I won't hold my breath for the real thing. Perhaps people might start pulling their heads out of their hopium filled a*sses once we drop off page 1 of CMC and realise what the cost of 5000 nodes worth of 100% margins is because the market already does.

[jdmcg]

DASH, passed the 200 day MA yesterday against USD. That's bullish, so today it rips up thru the 50 day MA against BTC until it hits resistance at 0.008 BTC which is the 100 day MA against BTC....It will now likely fight with the 100 day MA against BTC for a bit and retest the 50 day MA against BTC...

...all while losing yet another ranking place against a 100% mined competitor that doesn't have Dash's "unique" advantage of only sending 40% of its supply to market via miners

Nice !

I guess I missed that... must have blinked...

Don't worry, DASH will pass ETC too in the not too distant future...

[qwizzie]

DASH, passed the 200 day MA yesterday against USD. That's bullish, so today it rips up thru the 50 day MA against BTC until it hits resistance at 0.008 BTC which is the 100 day MA against BTC....It will now likely fight with the 100 day MA against BTC for a bit and retest the 50 day MA against BTC...

...all while losing yet another ranking place against a 100% mined competitor that doesn't have Dash's "unique" advantage of only sending 40% of its supply to market via miners

Nice !

Is it me or is toknormal starting to sound like a broken clock ?  



The horse is clearly dead, please stop beating it.
And no, that horse is not Dash as Dash is pretty much dashing forward these days, which most of us foresaw ages ago.

Date                 Dash Marketcap        Dash Price down from ATH

14th of July 2020    $685,105,981         95,67%
31st of July 2020    $775,480,260         95,10%
2nd of Aug  2020    $843,770,844         94,70%

There goes all those doomsday predictions, right out the window. It is a bit ironic that certain people that claim to know this market so well, get to be proven wrong so very badly.

[qwizzie]

There was a MA cross printed on Dash weekly chart on the 20th of July 2020 (two weeks ago), a MA cross classified as a 'golden cross'


Source : tradingview

What is a golden cross ?

The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.
The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its
long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon
and is reinforced by high trading volumes.

The golden cross is a technical chart pattern indicating the potential for a major rally.
The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
The golden cross can be contrasted with a death cross indicating a bearish price movement.

Source : https://www.investopedia.com/terms/g/goldencross.asp

Like jdmcg said before, it looks like all the bullish signs were there (and are still there) for a potentially major Dash price rally.
Maybe the other Altcoins that experienced strong price growth (XRP - Stellar - Zcash - NEO), also recently had a golden cross printed on their weekly chart ?

[toknormal]

The horse is clearly dead, please stop beating it.

Date                 Dash Marketcap        Dash Price down from ATH

14th of July 2020    $685,105,981         95,67%
31st of July 2020    $775,480,260         95,10%
2nd of Aug  2020    $843,770,844         94,70%

That is very disingenuous of you qwizzie. The "horse" is not lack of growth, it's lack of competitiveness and relative loss of capital to other assets. So it is very much alive, not dead. I think you've got the blinkers on.

[qwizzie]

To toknormal : please tell me when you can clearly read my name, so i can order you the correct glasses

qwizzie
qwizzie
qwizzie
qwizzie
qwizzie
qwizzie

And would this be a good model for you ?



Edit : thank you, glad we got that solved.

[JollyGood]

Should have gone to Specsavers maybe?

[qwizzie]

Should have gone to Specsavers maybe?

ouch, that customer really wanted his glasses  

[toknormal]

Guvs starting to outlaw crypto as a means of payment. Store of value allowed: https://news.bitcoin.com/putin-signs-law-cryptocurrency-legal-russia/

[qwizzie]

Guvs starting to outlaw crypto as a means of payment. Store of value allowed: https://news.bitcoin.com/putin-signs-law-cryptocurrency-legal-russia/

One specific government, with a specific history of having and trying to keep absolute control over its citizens.

The new law gives legal status to cryptocurrency but prohibits its use as a means of payment.

These assets can be sold, purchased, exchanged, and pledged. However, they cannot be used as a means of payment.

A number of cryptocurrency-related terms were excluded in the final bill after the second reading, such as “token” and “mining.”

This will just mean cryptocurrency as means of payment in Russia will either go underground or flow towards more regulation-friendly countries.
Also this affects all cryptocurrency in Russia, as all cryptocurrency have both a means of payment and a store of value.

Time will tell if Russia will directly undermine their own competitiveness with this very controlling crypto policy, or ultimately benefit from it when they introduce their digital state-controlled ruble.
This is something that i never see happening in the USA or in Europe though, the governments are just too democratic for that and clearly see the advantages of
cryptocurrency being both a means of payment and a store of value.
 
What are your thoughts on this aleix ? You are from Russia, right ?

[TaoOfSaatoshi]

My Experience with Dash (And why you should try it)



I have been a big fan of cryptocurrency since late 2016 when I came across some people talking about making profit through mining. Naturally I was confused as to what they meant and had to spend time researching what mining and cryptocurrencies were. Slowly I realized Bitcoin wasn’t the only cryptocurrency out there, and there are others that try to fix shortcomings with Bitcoin or add features to it entirely never seen before...

Read more: https://www.dashnation.com/voices-of-dash-nation/my-experience-with-dash-and-why-you-should-try-it/

Thanks for reading!

[toknormal]

Lets get Dash back to an inspiring ideal rather than "how much free money can I get from my masternode", meanwhile the market is at liberty to simply trash that "free money" back to the dark ages in Satoshi or $USD value as it sees fit. (And the capital value of all Dash holdings along with it).  

We need protocol priorities where the market isn't able to do that and where the utility premium ENHANCES the capital value, not eats it.

[Midas111]

Lets get Dash back to an inspiring ideal rather than "how much free money can I get from my masternode", meanwhile the market is at liberty to simply trash that "free money" back to the dark ages in Satoshi or $USD value as it sees fit. (And the capital value of all Dash holdings along with it).  

We need protocol priorities where the market isn't able to do that and where the utility premium ENHANCES the capital value, not eats it.

Dash is already the one of the fastest major cryptos. It also has a total supply lower than bitcoin. The transfer fees are also extremely competitive, in the real world it is the fastest way to get to waves exchange from coinbase, or one of the lowest cost ways to get from kucoin to anywhere else, I could go on. DASH is the top large cap digital currency and works exceptionally well compared to zcash or xmr in speed reliability and future economic value.

[qwizzie]

No need to reply to a broken clock, broken clock will just keep on rambling about 'free money' and will never ever accept
any argument against it. Best to just let broken clock be.

If only broken clock could find a forum where he could be happy, discussing broken clock things with other broken clocks.
Here is a song for all the broken clocks out there : https://www.youtube.com/watch?v=0Exxu8lsGYE

[espressodelisi]

I just do not understand? How is a masternode reward is free mones? To run a maternode I need to run a server and not the cheapest server. And I need to risk money in 1000 Dash coleteral, and its the real danger because it may lose its value. so how it is called free money?


And what will happen when coins created from mining will become very little? How miners and masternodes fund? are masternodes gets a divicent from trasaction fees too?

[qwizzie]

I just do not understand? How is a masternode reward is free mones? To run a maternode I need to run a server and not the cheapest server. And I need to risk money in 1000 Dash coleteral, and its the real danger because it may lose its value. so how it is called free money?


And what will happen when coins created from mining will become very little? How miners and masternodes fund? are masternodes gets a divicent from trasaction fees too?

When newly generated supply cease to be a factor, miners and masternode operators will indeed need to rely on the transaction fees.
I think at that point another kind of change is needed in Dash Proof of Work model. But that is still many many many years away (i doubt we will see it in our current lifetime) and not a pressing matter.

Masternode operators will also benefit from additional revenue streams that will come from the Dash Platform. The fees from the Dash Platform (which is basically a side chain) will go to masternode operators,
which is therefore already one additional revenue stream. Maybe more revenue streams for masternode operators will come from future Dapps, running on the Dash Platform.

Maybe Dash will introduce at some point a form of Dash Savings / Staking that will be much more accessible to users (not limited to a collateral of 1000 Dash). This does not necessarily need to come
from Dash Core Group. Additional dev teams / developers could be funded in the future to specifically handle something that is currently not on the roadmap, or has a low priority for Dash Core Group.
  

[qwizzie]

Lets talk about Dash Dapps for a moment, what would you all like to see developed that could really benefit Dash users and maybe make it a
'Killer Dapp' for Dash ?

[toknormal]

I just do not understand? How is a masternode reward is free mones?

You take the revenue of the masternode reward and subtract the cost of running the node. (The capital cost of the node does not qualify, nor do notional costs such as "risk" and "opportunity cost").

When newly generated supply cease to be a factor, miners and masternode operators will indeed need to rely on the transaction fees.

Indeed. Then you'd pretty quick see how sustainable the current MN margin was cos with the current rewards we'd be astronomically expensive compared to bitcoin.

broken clock

Broken clocks are only right once per day whereas the haemorrhaging of capital from our increasingly "numerically inflated" coin to other fully competitively-mined ones is continuous and chronic.

It's numerically inflated vs competitively mined. Market picks the latter for store of value unless you can justify the cost of the reduced mining proportion (which we can't at the moment).