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

[toknormal]

Dogecoin, then Ethereum Classic and now Zcash threatening to take-over Dash, i was not all that worried
(you can only cry wolf that many times)

Eh...in case you hadn't noticed we basically share the bottom of the marketcap barrel with all of the above.

This is due to the fact that the market has revalued our scarcity downwards since we now simply inflate half our supply numerically instead of subjecting it to competitive mining. Not a highly valued practice if you're a mined asset.

[qwizzie]

Well, after you mentioning first Dogecoin, then Ethereum Classic and now Zcash threatening to take-over Dash, i was not all that worried
(you can only cry wolf that many times).

I am just curious what Altcoin you will be mentioning next ?

Eh...in case you hadn't noticed we basically share the bottom of the marketcap barrel with all of the above.

This is due to the fact that the market has revalued our scarcity downwards since we now simply inflate half our supply numerically instead of subjecting it to competitive mining. Not a highly valued practice if you're a mined asset.

ahh, you are sticking with Zcash for now.
I got it.

Maybe third time's a charm.

[toknormal]

Surely a major opportunity here for Dash. Data contracts required for monetising self-diagnosics as we evolve into networked automatons.

Could also restore competitiveness by attracting all the transhumanists over at XMR
( + brownie points from Bill & Melinda)

[TaoOfSaatoshi]

Dash Nation: A Place for Everyone to Succeed



Dash Nation is the home of Blue Hearts! It's a global community of financial freedom advocates who are dedicated to the belief that Dash is the future of money around the world. They also report on the latest news, updates and advancements of this cryptocurrency.

Founded in 2014 by Christopher Carruthers (known as Tao of Satoshi in all his social networks) Dash Nation offers a website that has undoubtedly been a revolution for the world of cryptocurrencies. It provides us with a community-focused platform and ways to access the different types of data and information related to Dash. It uses social networking as a strategic tool to show them to the public. Some examples of platforms used by Dash Nation are Discord (in which there are currently 9758 people in its chat), Facebook, Instagram, Reddit, Uptrennd, Twitter, among others...

Read more: https://www.dashnation.com/voices-of-dash-nation/dash-nation-a-place-for-everyone-to-succeed/

Thanks for reading!

[JollyGood]

Congratulations, the site is looking great. Wishing you and your exchange lots and lots of success 

Today we made improvements on the site to be MUCH more Tor friendly and faster.

https://freebitcoins.com/xchange/market/Bitcoin-Dashcoin

ALSO,  We are still giving away free stickers:  freebitcoins.com/stickers

[BayAreaCoins]

Congratulations, the site is looking great. Wishing you and your exchange lots and lots of success  

Today we made improvements on the site to be MUCH more Tor friendly and faster.

https://freebitcoins.com/xchange/market/Bitcoin-Dashcoin

ALSO,  We are still giving away free stickers:  freebitcoins.com/stickers

Thanks kindly Jolly.

As soon as we have some extra coins, we are going to rent your avatar spot! <3

Our little exchange is growing slowly but surely.  Every customer we show how well our website works is a HUGE victory.

I firmly believe our deposit/withdraw system is one of the best in the industry as far as counting confirmations correctly and processing stuff near instantly.

We just have to show the world how well we work... one user at a time!

Friendly reminder:  We give away free stickers to anyone that asks with free shipping to over 190 countries:  freebitcoins.com/stickers

[toknormal]

Shakeout.

[TaoOfSaatoshi]

An Update to the Voices of Dash Nation Writing Initiative



The reboot of the Dash Nation movement has sure been a busy time! After letting this website go kind of abandoned for a long time (something I'm ashamed to admit), there was a lot to do to modernize it and upgrade the front and back ends to deliver a user experience that's worthy of Dash. Dash is speedy, secure and modern, so we needed a site that could claim the same. I truly hope you like the results of our work.

But what good's a website without content? There are plenty of things to talk about with Dash. Proposals, price action, new features and requests, ideas, regulation, economics, you name it. To that end, we needed to attract some writing talent to the Dash Nation team. In July we posted a request for talent to come and write articles in either English or Spanish, as those are the major Dash-accepting communities at this point. We offered a small stipend of $10 USD for each article written, not really as a direct compensation for the time spent, but rather as a "Thank You" for donating their time and skills to the movement towards financial freedom through Dash.

Read more: https://www.dashnation.com/media/initiatives/update-writing-iniative/

Thanks for reading!

[qwizzie]

3 reasons Bitcoin price suddenly plunged 7%, liquidating $100M in longs
https://cointelegraph.com/news/3-reasons-bitcoin-price-suddenly-plunged-7-liquidating-100m-in-longs

Altcoins have such a dependence on Bitcoin. 7% drop in Bitcoin price causing blood in the street for most Altcoins today.
Welcome to the volatile world of crypto.

I wonder if Bitcoin price can stay above $10,000
It is looking pretty ugly right now.

[toknormal]

Final retests prior to moon-launch. See August 1st 2016.

(But we need to restore the mining reward first).



ANN: Hodler test of nerves in progress. Core support levels getting hammered & subjected to un-announced flash retests across the board. Market checking undercarriage integrity.

This could be extremely bullish if we survive it. Looks to me like a second capitulative retest for bottom confirmation of the bear market. If we snap back up reasonably quickly with a higher low than 0.005312, then it could formally signal that the corner has been turned.

We wait and wonder.

[qwizzie]

To see marketcap of only coins : https://coinmarketcap.com/coins/
To see marketcap of only tokens : https://coinmarketcap.com/tokens
To see marketcap of only DeFi tokens : https://coinmarketcap.com/defi

This makes my overview of marketcap per category and percentage down from ATH, much more easy to make.
Since tokens include defi tokens, maybe next month i will just show two categories : Coins & Tokens.

Interesting how Polkadot (DOT) gets pushed up on coinmarketcap by a simple redenomination of its original sale.  
Which suddenly provides Polkadot with a $4,9 Billion marketcap, placing it above Bitcoin Cash.

This page refers to New Dot which is 100x smaller than DOT (OLD) On 21 August 2020 at 16:40 UTC (block number 1,248,328), the DOT token underwent a redenomination from its original sale.
New Dot are 100x smaller than DOT (OLD). There is no difference between New Dot and DOT (OLD) except for their denomination.

Source : https://coinmarketcap.com/currencies/polkadot-new/

[jdmcg]

Ouch...

If BTC can hold $10250 or so then perhaps the bloodbath is over for now... if not round 2 next, and likely as low as $9K

DASH seems to be momentarily forming a bottom at $66ish (last visited early July) and 0.0066 BTC (last visited as far back as January). Nice wicks at the bottom so might have a good rebound from here.

Truth is though, that DASH is like a rag doll in the mouth of the big dog (BTC)... so hopefully BTC's 100 day SMA acts as good support for the next leg up...

[jdmcg]

Interesting how Polkadot (DOT) gets pushed up on coinmarketcap by a simple redenomination of its original sale.  
Which suddenly provides Polkadot with a $4,9 Billion marketcap, placing it above Bitcoin Cash.

This page refers to New Dot which is 100x smaller than DOT (OLD) On 21 August 2020 at 16:40 UTC (block number 1,248,328), the DOT token underwent a redenomination from its original sale.
New Dot are 100x smaller than DOT (OLD). There is no difference between New Dot and DOT (OLD) except for their denomination.

Source : https://coinmarketcap.com/currencies/polkadot-new/

Yup, this demonstrates perfectly what I mentioned about a half a month ago... (exchanging 1 old DASH for 100 new DASH... maybe they were listening  ).

DOT just moved the decimal 2 places and just like that the marketcap doubles. Many more people can stomach buying a $6 coin over a $600 coin...

[toknormal]

DOT just moved the decimal 2 places and just like that the marketcap doubles. Many more people can stomach buying a $6 coin over a $600 coin...

This theory is deranged.

[JollyGood]

Like what you said a long time ago, it is all coming together slowly but surely - one user at a time.

The Swap service is looking good too, a nice add-on to have for your website: https://freebitcoins.com/swap/

It makes it easy to swap crypto without having to create accounts or registering and it is good to see Dash there as an option. Keep up the good work.

Thanks kindly Jolly.

As soon as we have some extra coins, we are going to rent your avatar spot! <3

Our little exchange is growing slowly but surely.  Every customer we show how well our website works is a HUGE victory.

I firmly believe our deposit/withdraw system is one of the best in the industry as far as counting confirmations correctly and processing stuff near instantly.

We just have to show the world how well we work... one user at a time!

Friendly reminder:  We give away free stickers to anyone that asks with free shipping to over 190 countries:  freebitcoins.com/stickers

[qwizzie]

DOT just moved the decimal 2 places and just like that the marketcap doubles. Many more people can stomach buying a $6 coin over a $600 coin...

This theory is deranged.

Right now Polkadot is doing better marketcap / rank wise then Bitcoin Cash and several other full PoW coins (Litecoin, Bitcoin SV, Monero, Ethereum Classic, Zcash).
This is a governance & staking crypto coin, that marketcap wise will be outperforming full PoW networks (where miners are in full control) for a long time i suspect.

Governance

Polkadot token holders have complete control over the protocol. All privileges, which on other platforms are exclusive to miners, will be given to the Relay Chain participants (DOT holders),
including managing exceptional events such as protocol upgrades and fixes.

Staking

Game theory incentivizes token holders to behave in honest ways. Good actors are rewarded by this mechanism whilst bad actors will lose their stake in the network.
This ensures the network stays secure.

Source : https://polkadot.network/


This kinda puts a hole in your whole 'full mining PoW crypto projects are marketcap wise / rank performing better then governance / staking crypto projects' theory, does it not ?
I also wonder if coinmarketcap is not throwing the door wide open for other crypto projects (that are currently very low listed on coinmarketcap) to do some redenominations on their own projects.
In a few months we may not even regnonice coinmarketcap ranking anymore.

Can you imagine Bitcoin SV doing some redenomination on their crypto project ? I would not put it past them, and it could set them above Bitcoin, marketcap / rank wise on coinmarketcap.

Question for all : by allowing Polkadot to redenominate their cryptocoins and then processing that redomination data into their website, did coinmarketcap devalued itself with regards to marketcap and ranking  ?


Source : https://coinmarketcap.com/


Source : https://coinmarketcap.com/coins/

[toknormal]

This is a governance & staking crypto coin, that marketcap wise will be outperforming full PoW networks (where miners are in full control) for a long time i suspect....this kinda puts a hole in your whole 'full mining PoW crypto projects are marketcap wise / rank performing better then governance / staking crypto projects' theory

My "theory" isn't a theory at all, it's a comparison of the return on investment in the primary supply between Dash and 100% mined coins. Nothing to do with "fully mined" vs "governance" coins.

Further, masternode margins are not used for "governance". In fact they're not used for anything at all that benefits the network, they are pure value drain and go into the pockets of holders, draining the capital value as they go. (Which is why Dash is always careful to express ROI in terms of "Dash" and not "USD", thereby omitting an entire element of the ROI = capital loss. Like cutting a diminishing cake into even thinner slices and saying you've got "ROI" cos you've got more slices).

[qwizzie]

This is a governance & staking crypto coin, that marketcap wise will be outperforming full PoW networks (where miners are in full control) for a long time i suspect....this kinda puts a hole in your whole 'full mining PoW crypto projects are marketcap wise / rank performing better then governance / staking crypto projects' theory

My "theory" isn't a theory at all, it's a comparison of the return on investment in the primary supply between Dash and 100% mined coins. Nothing to do with "fully mined" vs "governance" coins.

Further, masternode margins are not used for "governance". In fact they're not used for anything at all that benefits the network, they are pure value drain and go into the pockets of holders, draining the capital value as they go. (Which is why Dash is always careful to express ROI in terms of "Dash" and not "USD", thereby omitting an entire element of the ROI = capital loss. Like cutting a diminishing cake into even thinner slices and saying you've got "ROI" cos you've got more slices).

Okay, lets take a look at the ROI between Dash and 100% mined coins over the years :


Source : messari.io

Calculated by adding positive ROI and retracting negative ROI, arriving at a total ROI between 2015-2019.
Green is positive total ROI, Red is negative total ROI. % Down from ATH is excluded, as that is still in progress (2020) and is also not a ROI value i think.

Time Period 2015-2019

Bitcoin             : 1,460%
Ethereum         : 9,704%
Bitcoin Cash     : 69,15%
Litecoin            : 4,963%
Bitcoin SV        : 3,88%
Monero            : 4,932%
Dash               : 9,154%
ETH Classic      : 1,748%
Zcash              : --

Looks like Dash is ranking second (just under Ethereum), with regards to ROI.
Something tells me when ROI of 2020 comes in somewhere in 2021, Dash will still be ranked second.

[jdmcg]

DOT just moved the decimal 2 places and just like that the marketcap doubles. Many more people can stomach buying a $6 coin over a $600 coin...

This theory is deranged.

Yes, humans are. 

This is not my theory... in fact it's psychology, which is the scientific study of mind and behavior...

[toknormal]

This is not my theory... in fact it's psychology, which is the scientific study of mind and behavior...

Sure, and here are the top-10 coins we'd be competing with if Dash prioritised its "value offering" according to that type of "scientifically studied" psychology.



Feel free to invest