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

[toknormal]

Hadn't realised at that point how  important scarcity through mining actually was. Thought the masternode rewards were a free lunch  (as most masternode owners still do)

Do you remember the commentary from last year that we were "wasting money on electricity companies" ? That didn't seem to have been thought through to me because the implication was that if it was spent on masternode margins instead it would be somehow "retained by the network".

But it isn't. It's retained by the pockets of masternode holders who are not "the network". New investors are not buying the capital that sits in MN holders pockets, they're buying into the blockchain scarcity value which is depleted by subsidising uneconomic masternode margins.

So from that perspective the conclusion was exactly the wrong way around. Invested capital from new investors paid to electricity companies (via miners) is RETAINED by the chain. It comes back to us via increased competition for the primary supply. Non-performing masternode margins however do not. That capital value leaves the network altogether.

They don't even necessarily make masternodes more attractive in the marketplace because, while Dash protocol can set the margins, we need the co-operation of the market to determine ROI, since capital gain/loss completes the picture for ROI. If we don't have the capital flows setup right for the market then the reward ratio makes no difference. That's why we need to make capital retention a top priority for the protocol IMO so that:

1. it works as a store of value and then
2. market will endorse masternode ROI through capital gain

#nodesAreNotACharity
#setMarginsAtParity


#cruiseShip --> #tightShip

[afbitcoins]

I've superimposed the price chart with the number of masternodes. And with as much accuracy as I can scaled the timescales on both to line up.

chart

Interested on how people view this.

Some of my thoughts..

Initial ramping up of masternodes, first 3000 or so barely affected price. I'm assuming whales creating masternodes from their existing stash (obtained in large part from fast/instamine origin) would account for a lot of that?

After first year of masternodes price and number of masternodes both growing. Can probably assume growing masternode count was a big factor supporting price until start of 2019 with people buying dash from the market to use as collateral.

Big distortion caused by speculative bubble. However by start of 2019 number of masternodes saturated (it had already been slowing down for some time before that). Bear market in price had already been underway for a year. No more support from growing masternode layer. Dash bear market prolonged, seen by dash crashing out of the green price channel I've marked.

Today, it looks like masternode number is roughly at a ceiling. May be able to go slightly higher. Price is still down approx 95% from its high. Dash masternode community trying to enforce more rewards for masternode owners. To entice more dash to be bought and hodl'd as collateral. Will this work? Will it be sustainable? How high can the number of masternodes go?


I think toknormal made good points in above post and other posts. we need to plan for equilibrium state of a masternode layer no longer growing. Which will be hit at some point if not already. This shouldn't be something to fear, most coins manage to find holders who want to hold only for capital gains and store of wealth. Dash needs to do what they do, to attract store of wealth, the same way. By maximising scarcity of supply. Which is what toknormal has patiently explained many times

Price is possibly/ hopefully sustainable at this level. However if price rises we should factor that the masternode rewards get more and more expensive for the market to sustain the higher price goes.  

[afbitcoins]

Do you remember the commentary from last year that we were "wasting money on electricity companies" ?

Yes, and the famous "We don't need all the hashrate"

I think that could be read as "We don't need all the scarcity or store of value"

Very true another argument that the proposal will aggravate the problem its trying to remedy

[Dahaa]

dash \ btc breaks new bottom! Even qwizzie stuck his tongue up his ass.

[Dahaa]

Few memories. And this has been going on for 3 years. And at the same time they throw mud at me. Look, did I cheat someone, unlike them !?

It fell 100 positions, returned 1, and qwizzie has a big rise. 100 pages ago he wrote the same thing, only now the dash was much more expensive than it is now

Dash momentarily topped at 0.006540 and is currently correcting at 0.006429 / $73
I would say morning has broken for Dash  

https://i.imgur.com/GIbwyME.jpg

Which in music sounds like this : https://www.youtube.com/watch?v=MJ0VZjrN3dI

[Dahaa]

Here's another one! So who is the crook here? Making money off gullible people?

30M Time interval
https://i.imgur.com/C2LoMi9.jpg
Source : https://cryptowat.ch/charts/HITBTC:DASH-BTC?period=30m

1D Time Interval
https://i.imgur.com/5CZFOTi.jpg
Source : https://cryptowat.ch/charts/HITBTC:DASH-BTC?period=1d

Dash price getting closer to 0.008848 BTC, will Dash flip it into support and break into 0.009 BTC ? Stay tuned.....
Bitcoin Marketcap Dominance : 58,3%

[toknormal]

Important information for anyone draining the Dash chain of capital value. Possible pump on the cards ?

[qwizzie]

Dash Core v0.16.0.1 Update Progress

Miners


Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (V16.0 Adoption)

Note : this will be subject to constant fluctuations, but should improve when more mining pools update to our latest Dash Core v0.16.0.1  

Goal currently is reaching 79.22% of the mined blocks signalling readiness for v0.16.0.1 after which two additional 7 days time windows
start (one after the other) to both lock-in the blockreward allocation change and to activate it.

Masternodes


Source : https://www.dashninja.pl/deterministic-masternodes.html

Note : Goal is reaching 80% of masternodes on v0.16.0.1 after which a time window of 7 days is given to those masternode operators that have not updated yet, to do so.

After those 7 days, spork 21 will be activated and masternodes on older Dash Core versions will start to get PoSe scored and ultimately PoSe banned from the network.  

[toknormal]

Note : Goal is reaching 80% of masternodes on v0.16.0.1...spork 21 will be activated

Charge of the Light Brigade.

[qwizzie]

Note : Goal is reaching 80% of masternodes on v0.16.0.1...spork 21 will be activated

Charge of the Light Brigade.

To unify our network.

[toknormal]

To unify our network.

...in poverty.

[qwizzie]

To unify our network.

...in poverty.

... in strength.

On a side note :

It must be disturbing for you to see such increased support from miners for v0.16.0.1
I guess miners don't see value in your market theory either.

[toknormal]

in strength.

Well we're gonna need it because it sure ain't gonna be "in wealth".

[Dahaa]

Check out the dash \ btc chart and shove your fucking spork 21 up your ass

[toknormal]

Check out the dash \ btc chart and shove your fucking spork 21 up your ass

I think you'll find this will be the general response outside of masochistic masternode owners and economic analysts who mistakenly project a classic corporate manufacturing model (where excess hashrate would be an unwanted overhead) onto a synthesised monetary asset (where it's essential).

We're not trying to manufacture and sell cheaply secured networks here. We're promoting a store of value and the more expensive it is to mine, the more value can be stored. Simple.

[qwizzie]

brainless troll talk

masochistic masternode owners

Masochistic : 'a person who enjoys an activity that appears to be painful or tedious.'
Source : Definition from Oxford Languages

That does describe you very well Mr. Masternode Owner, who keeps pushing a market theory that is soundly rejected by an overwhelming majority of his fellow masternode owners
and what looks to be also by a majority of miners. Yet you still keep pushing that market theory on this forum in such a tedious way, you must really really enjoy doing that.

Looking back at all these months of you advocating your market theory in here, do you think your marketing message is still correct and focused to the right target group ?
Have you expanded your little 2 persons club of 'higher mining rewards, higher hashing power' by now ? Or does your marketing message need adjusting ?
Maybe it needs more pictures ? A lot more pictures ? What do you think ?

[toknormal]

Masochistic : 'a person who enjoys an activity that appears to be painful or tedious.'

Masternode owners voted for a protocol change which requires the market to devalue the capital value of their holdings to offset the increase in non-performing margins which do not benefit that market's investment prospects.

Being that masternode owners are the largest capital holders on average, it is they that will endure the most financial "pain" from this change. So the metaphor is justified.

[qwizzie]

Masochistic : 'a person who enjoys an activity that appears to be painful or tedious.'

Masternode owners voted for a protocol change which requires the market to devalue the capital value of their holdings to offset the increase in non-performing margins which do not benefit the market at all.

Being that masternode owners are the largest capital holders on average, it is they that will endure the most financial "pain". So the metaphor is justified.

Did you vote on it ? On the decision proposal itself ? I know you gave feedback, but did you vote on it ?

[toknormal]

Did you vote on it ? On the decision proposal itself ? I know you gave feedback, but did you vote on it ?

No. I haven't voted on anything since I lost my ability to do so on Dashcentral, though I could of course have made more effort by doing it manually.

You are free to berate me over that decision and no doubt you'll take full advantage of it. But if you think that justifies your case then I'm afraid you're about get a hard lesson from the market.

Like I say, it thinks it's investing in a monetary asset, not a golf club.

[qwizzie]

Did you vote on it ? On the decision proposal itself ? I know you gave feedback, but did you vote on it ?

No. I haven't voted on anything since I lost my ability to do so on Dashcentral, though I could of course have made more effort by doing it manually.

You are of course free to berate me over that and no doubt you'll take full advantage of it. But if you think that justifies your case then I'm afraid you're about get a hard lesson from the market.

Like I say, it's investing in a monetary asset, not a golf club.

It sometimes feels like i am talking to two toknormals in here :

One toknormal that is a masternode operator that used to vote, but stopped voting on budget proposals and decision proposals a long time ago. I could indeed berate you about neglecting to vote on something you criticize so heavily in here, but i don't think i need to do that. That part is pretty obvious to everyone.
There is also the other toknormal that talks about masternode operators in third person, as if he does not identify himself as being a masternode operator.

It is very strange to observe, almost like you have two personalities, and they are sending mixed signals out. That can't help very well with your marketing message.
My suggestion is to unite them both, let there be only one !