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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9620531 times)
WastedLTC
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August 03, 2020, 10:14:54 PM

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 ?

a BTC wallet (or other coins),  messaging,  file storage, photo storing/sharing/commenting .. 

 

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August 04, 2020, 05:36:50 AM

Dash Wealth Distribution



Source : https://chainz.cryptoid.info/dash/#!rich

Litecoin Wealth Distribution



Source : https://chainz.cryptoid.info/ltc/#!rich


Conclusion : Dash wealth distribution is not that centralized as certain people claim it to be, Dash only has 5,9% in top 10 addresses. Litecoin has 12,3% in top 10 addresses
Even in the top 100 addresses, Dash is scoring pretty low with 17,5%. Litecoin has a much higher score there too (43,1%).
Same for top 1000 addresses where Dash is scoring 31,5% and Litecoin is scoring 64,9%.
Note : the higher the score in top 10 addresses / top 100 addresses  / top 1000 addresses, the higher the centralization.

Just looking at Dash wealth distribution, i suspect Dash is scoring pretty well with regards to healthy wealth distribution among all the crypto projects out there and has much higher
decentralization (less centralization among top 10 / top 100 / top 1000 addresses), then most people realize.    


Talking about coin wealth distribution via number of addresses with lot of coins in it is obsolete.In the beginning of crypto market it had some sense,but today not any more.Today addresses with huge stash of coins are exchanges hot and cold wallets.All big players dilute their coins in 100s and 1000s of addresses,to make harder tracking of theirs funds which can be very useful as a precursor of major market moves.Dont get me wrong,I think that DASH project is better than ETH and many others,but I also knew that major investors in ETH are far more serious and competent to establish ETH as a major coin despite its numerous past and present flaws.

That is why structure of investors in coin is so important.Trashing coin is easy,playing long game and get people confidence in it is much harder.


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August 04, 2020, 09:10:16 AM
Last edit: August 04, 2020, 11:22:33 AM by qwizzie

Talking about coin wealth distribution via number of addresses with lot of coins in it is obsolete.In the beginning of crypto market it had some sense,but today not any more.

Then how do you personally analyze coin wealth distribution and base your centralization view on it, if not through addresses ?
An analysis that should be objective and supported with data / statistics.

Quote
The more coin wealth distribution is centralized, the more it is pumped-dumped with huge amplitudes.DASH is just one of these coins. It is mercilessly trashed to oblivion,
because it is in hands of just few people
That statement of yours just sounds very subjective, without any support of data or statistics. Which is why i made my original post in the first place.

Please explain why you think Dash coin wealth distribution is centralized, when addresses (where the coins are in) in fact show the opposite for Dash. Sure exchanges will have
large cold / hot wallets, but that counts for all crypto projects and is not a reason to dismiss coin wealth distribution through addresses for open blockchains.
Not to mention the fact that 68,5% of Dash coin wealth distribution is located outside top 10, top 100 and top 1000 addresses (with Litecoin that is only 35%).

I suspect you dismiss addresses as a means to analyze coin wealth distribution out of hand, because it clashes with your subjective view of Dash. Someone most likely stated on a forum somewhere
that Dash was centralized, which you read, agreed upon without questioning and from that point you started to associate Dash with centralization.

Please show us the evidence that Dash coin wealth distribution is centralized.

With regards to Ethereum investors : what do you think those investors will do with their investments, when they notice Ethereum's netwerk getting increasingly more congested, its gas fees getting increasingly
more expensive and its dapps getting negatively affected by all that ? Ethereum's network is already at 95% utilization thanks to DeFi (mainly due to massive Tether ERC-20 transactions traffic) and there is no short term
solution in sight.

Link : https://cryptoslate.com/vc-ethereum-has-negative-network-effects-needs-scaling-solutions-now/

ETH 2.0 update is launched in phases and its first phase (phase 0) will offer no scaling solution (it just focus on setting up a PoS sidechain and initializing validators). Phase 1 & 2 which focus on
sharding as scaling solution, are years away (ETH 2.0 is a multi-year 2020-2022 update). Even launch date end of 2020 for phase 0 in the ETH 2.0 update, is just a soft target launch date.


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August 04, 2020, 02:17:46 PM

Teacher's life vs. Dash Life | Voices of Dash Nation



Education’s one of the main engines of society, and one of the resources that will make us free.

In any developed country, being a teacher implies a wealth of benefits, both professional and personal. However, in Venezuela, this sector is hit hard for teachers by the economy and the reality in which we are living nowadays. There aren’t fair or adequate salaries, there isn’t protection for the teachers and their rights are vilely violated every day.

The education sector is statistically the lowest paid compared to other sectors in the country, both in the public and private sector. Each day, an estimated income of $ 0.33 dollars is obtained, an “amount” that doesn’t reflect the effort and dedication that all teachers invest and put into in their daily work...

Read more: https://www.dashnation.com/voices-of-dash-nation/teachers-life-vs-dash-life/

Thanks for reading!

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August 04, 2020, 05:18:23 PM
Last edit: August 04, 2020, 06:30:42 PM by qwizzie

*** Be very carefull with Ledger hardware wallets right now ***

Link :

https://www.reddit.com/r/Bitcoin/comments/i3j5xo/ledger_app_isolation_bypass/
https://monokh.com/posts/ledger-app-isolation-bypass

Quote
This post will disclose a vulnerability in the Ledger hardware wallets that can lead to theft of user funds.

An attacker can exploit this method to transfer Bitcoin while the user is under the impression that a transaction of another, less valuable altcoin (e.g. Litecoin, Testnet Bitcoins, Bitcoin Cash, etc.) is being executed

If you use bitcoin forks on your device, you could be affected. You should avoid using these ledger apps until fixes are available.

The issue has been disclosed to Ledger but remains unaddressed

Ledger response : https://donjon.ledger.com/lsb/014/

It is a vulnerability that could also affect Bitcoin clone to Bitcoin clone (for example you think you are sending out Dogecoin, but in reality a malicious wallet is sending out Dash).
Just be careful with ledger hardware wallets and third party software right now, until this gets fixed by Ledger in a few days. The fix will apply to all Ledger hardware products at the same time.

These are the coins affected so far (there are a few cut off from the screenshot, but it does cover most) :  


Source : https://donjon.ledger.com/lsb/014/


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August 05, 2020, 02:08:48 PM

Turbocharging Dash as a Store of Value

The Dash network's unique economics has been a topic of focus for the last several months. The mix of Proof of Work and Proof of Service, miners and masternodes, total and circulating supply have all been discussed at length. Now, an optimization has been proposed and approved by Dash's decentralized governance system. What was it, and will it help? Find out on this episode of CATV!



Thanks for watching!

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August 05, 2020, 03:30:04 PM
Last edit: August 05, 2020, 04:53:45 PM by toknormal


I'm sorry @tao but the idea that circulating supply (& ultimately marketcap) is make or break based on whether masternode reward perfectly compensates for inflation rate is, not to put too fin a point on it...ludicrous.

The nodecount saturated because once the "low hanging fruit" of large holders & large buyers had been moped up, the rest of the coin supply is simply far more fragmented. Add to that the fact that with 5000 nodes, an enormous amount of fiat demand is required to sustain the value since:

1. the mining cost of the primary supply barely changes so we still potentially need to charge the market the same "fiat" cost for mining

2. ADDITIONALLY we now have 5000 masternodes of "earnings" being sprayed at it which 100% mined alternatives don't have. Up to 6500 Dash per week of potential dumping.

The price therefore collapsed along with our ranking and point 2 means that we have an extreme headwind against us in ever recovering that ranking.

The faulty analysis in the Hackernoon article and in DCG's appraisal is that it's ALL done intra-Dash. i.e. it compares one Dash protocol state with another. One Dash ROI (only measured in terms of Dash, not $USD) with another. One Dash inflation state with another. It only works if Dash is a monopoly and the only market option in existence, but it isn't. The analysis needs to be redone in the context of the market as a whole and acknowledging the fact that investors always have alternatives. Capital that previously went into mining won't go into masternodes, it'll go into competing, 100% competitively mined alternatives (as it has been doing for the last 3 years).

Hence we now have no less that 9 mined competitors, NONE of which have ANY ROI let alone an ROI which compensates for inflation in their own currency terms, who's chains are valued more highly than Dash.
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August 05, 2020, 03:59:15 PM


I'm sorry @tao but the idea that circulating supply (& ultimately marketcap) is make or break based on whether masternode reward perfectly compensates for inflation rate is, not to put too fin a point on it...ludicrous.

The nodecount saturated because once the "low hanging fruit" of large holders & large buyers had been moped up, the rest of the coin supply is simply far more fragmented. Add to that the fact that with 5000 nodes, an enormous amount of fiat demand is required to sustain the value since:

1. the mining cost of the primary supply barely changes so we still potentially need to charge the market the same "fiat" cost for mining

2. ADDITIONALLY we now have 5000 masternodes of "earnings" being sprayed at it which 100% mined alternatives don't have. Up to 6500 Dash per week of potential dumping.

The price therefore collapsed along with our ranking and point [2] means that we have an extreme headwind against us in ever recovering that ranking.

The faulty analysis in the Hackernoon article and in DCG's appraisal is that it's ALL done intra-Dash. i.e. it compares one Dash protocol state with another. One Dash ROI (only measured in terms of Dash, not $USD) with another. One Dash inflation state with another. It only works if Dash is a monopoly and the only market option in existence, but it isn't. The analysis needs to be redone in the context of the market as a whole and acknowledging the fact that investors always have alternatives. Capital that previously went into mining won't go into masternodes, it'll go into competing, 100% competitively mined alternatives (as it has been doing for the last 3 years).

Hence we now have no less that 9 mined competitors, NONE of which have ANY ROI let alone an ROI which compensates for inflation in their own currency terms, all of who's chains are valued more highly than Dash.

I think you are confusing the past crypto market crash with the market cap and technological scaling of DASH itself. Everything went down hard even bitcoin. The future supply of DASH is fixed and lower than bitcoin making it a fundamentally strong digital currency against inflationary currencies. Masternodes should receive fees for maintaining the network. Because of the masternode/pow system of dash is secure, and dash is widely accepted the future is strong.

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August 05, 2020, 04:22:53 PM


I think you are confusing the past crypto market crash with the market cap and technological scaling of DASH itself. Everything went down hard even bitcoin.

No, I'm not confusing those two things. I've always been very clear that competitiveness is where we are affected rather than absolute marketcap. Capital drifting relatively from us towards fully mined competitors rather than from them to us.

Masternodes should receive fees for maintaining the network...

Except they're not "maintaining the network" they're draining it of capital value rather than investing it. How could they do otherwise when they operate at zero cost ? To justify fees you've got to sell something that the market has asked for and values.
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August 05, 2020, 04:31:28 PM


I think you are confusing the past crypto market crash with the market cap and technological scaling of DASH itself. Everything went down hard even bitcoin.

No, I'm not confusing those two things. I've always been very clear that competitiveness is where we are affected rather than absolute marketcap. Capital drifting relatively from us towards fully mined competitors rather than from them to us.

Masternodes should receive fees for maintaining the network...

Except they're not "maintaining the network" they're draining it of capital value rather than investing it. How could they do otherwise when they operate at zero cost ? To justify fees you've got to sell something that the market has asked for and values.

The value of the network is increasing even if that hasnt reached you personally  yet

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August 05, 2020, 04:40:15 PM
Last edit: August 05, 2020, 05:02:04 PM by toknormal


The value of the network is increasing even if that hasn't reached you personally  yet

...in spite of the policy over the reward ratio, not because of it unfortunately.

Chains with zero utility, no masternode rewards and 100% mining reward have consistently out-valued our marketcap.

We're about to drop out of the top-10 mined coins where we've occupied a place almost since birth. Hopefully you'll still be satisfied with the fact that "value is increasing" if/when that happens.
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August 05, 2020, 05:05:56 PM


We're about to drop out of the top-10 mined coins where we've occupied a place almost since birth. Hopefully you'll still be satisfied with the fact that "value is increasing" if/when that happens.

You are literally the only one who cares about that. The rest simply looks at how Dash is performing currently :

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%
5th of Aug   2020     $854.978.860        94,60%

and have expectations on how Dash will perform in the upcoming bull market.

Broken clock = Broken clock.
Sorry mate.

This is a classic case of short term anxiety versus long term rational expectations. Guess which one lasts ?

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August 05, 2020, 05:14:00 PM


You are literally the only one who cares about that (competitiveness). The rest simply looks at how Dash is performing:

LoL. Are you trying to convince yourself ?

Performance = Competitiveness as well you know and have promoted over the years.

Cherry picking a shallow m.c. rise out of a catastrophic 3-year decline in BOTH marketcap AND ranking is is bit desperate.
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August 05, 2020, 05:33:24 PM
Last edit: August 05, 2020, 05:46:17 PM by qwizzie

Some people just don't have the stomach for long term investing in cryptocurrency i guess. They get obsessed over other cryptocurrencies outperforming
the cryptocurrency they are (over)invested in and fail to take into account that each cryptocurrency has it own cycle of long term up trends and long term down trends.

You will see them create irrational posts about coins like Dogecoin temporary outperforming Dash (due to a TikTok pump no less), in order to try to convince other people that Dash is failing them too.
And if Dogecoin a few weeks later is processing its dump, they switch to other coins like Ethereum Classic in a desperate move to still prove their point. Or they come up with Dash falling out of
top 10 mined cryptocurrencies as a complete disaster, pulling out their doomsday predictions again.

It is pointless to debate with such people, and frankly they come across as a bit pathetic.

  

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August 05, 2020, 05:35:16 PM


Chains with zero utility, no masternode rewards and 100% mining reward have consistently out-valued our marketcap.


Thousands of coins are underperforming Dash -- for gods sake.     At what point are you going to just let this play out and see where it takes Dash.  You made your point and your point doesn't have legs in this cycle of time.

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August 05, 2020, 05:45:54 PM


Thousands of coins are underperforming Dash -- for gods sake.     At what point are you going to just let this play out and see where it takes Dash.  You made your point and your point doesn't have legs in this cycle of time.

Unfortunately the market appears to be giving it legs, even if the community isn't. Expect that trend to continue if having "Thousands of coins underperforming Dash", is the best support that can be found for diluting the mined proportion of the coin supply.
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August 05, 2020, 06:59:51 PM


Thousands of coins are underperforming Dash -- for gods sake.     At what point are you going to just let this play out and see where it takes Dash.  You made your point and your point doesn't have legs in this cycle of time.

Unfortunately the market appears to be giving it legs, even if the community isn't. Expect that trend to continue if having "Thousands of coins underperforming Dash", is the best support that can be found for diluting the mined proportion of the coin supply.


Well, DASH had a bit of a scary moment a couple hours ago as it looked like it might break support at 0.00757 BTC but no it bounced off it nicely and is continuing to try to break thru resistance at around 0.0079.

If it breaks thru that resistance good chance it jumps close to 0.0094 before retracing a bit. By Aug 8th or so, we might see the 50 DAY cross above the 100 DAY (called a golden cross).

I'm sure you've heard the saying 'the trend is your friend'? Sure, I might be calling it earlier than most, but I think once BTC passed $10.5 K after a double top and then again just recently testing it and holding it perfectly as support, that yes, the multi-year bear trend has been reversed. Note that the trend is largely dictated by BTC.

As I stated before, in a bear market, as coins in the same class tend to fall in price, they tend to collapse to similar values per coin. And now as the bull market just begins to take off, you'll start to see coins retrace to previous positions held during the last bull market. Coins like DASH, with low circulating supply, experience exaggerated price crashes and price booms compared to coins with largely supplies.

I would be absolutely stunned if DASH's marketcap did not pass XMR's again. I would think it's very likely DASH's marketcap will be double or even triple that of XMR's sometime during 2021. What would you say then?
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August 05, 2020, 07:02:41 PM
Last edit: August 05, 2020, 07:22:15 PM by toknormal


I would be absolutely stunned if DASH's marketcap did not pass XMR's again. I would think it's very likely DASH's marketcap will be double or even triple that of XMR's sometime during 2021. What would you say then?

I'd say use the opportunity to exit because the network aggregate masternode revenue at that price, given the current reward ratio, would be completely unsustainable.
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August 05, 2020, 07:33:02 PM

plz help i have 37k dash from 2014 but i loss my wallet how to get my coin plz help this my wallet XbtvGzi2JgjYTbTqabUjSREWeovDxznoyh

Oh my gosh. Saw the post and shed a tear

Are you the owner of the XbtvGzi2JgjYTbTqabUjSREWeovDxznoyh wallet, or is it not yours?

You have a encrypted wallet.dat and lost your password? I once had the same problem)
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August 05, 2020, 07:33:14 PM
Merited by spirits (1)

Digital Currency Laboratories is building early smart contract functionality with dash. The first experiment will be a smart contract expansion oracle that seeks out onchain cross market price differences then automatically and autonomously closes the arbitrage gap then returns the proceeds minus fees to the DASH expansion oracle user.  This will be a 'safe' smart contract  experiment, initially only working for small volumes of Dash. The smart contract can be replicated manually by arbitraging price differentials on the waves network. The smart contract will send orders to operate when there is a net expansion of DASH inclusive of fees for the end user.


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