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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9670153 times)
qwizzie
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October 24, 2020, 12:00:56 PM
Last edit: October 24, 2020, 01:22:55 PM by qwizzie

All i can conclude is

Based on cherry picking just 2 other bad performers. I gave you a list of other 100% mined coins doing significantly better. You can ignore reality all you want. You can't ignore the consequences of ignoring reality. Or maybe in your case you can

Just because other factors at play doesn't mean ignore the elephant in the room

Those two bad PoW performers proof that competitive mining does not necessarily give better price performance.
It basically shoots a really big hole in toknormal market theory.

You can choose to ignore that and keep advocating the competitive mining approach, but it is already shot to pieces.


Dash is now excepted in one of the supermarket chain  in Venezuela. Even before this it was the most routine used cryptocurrency in the country.  Judging  what media says it beats even Bitcoin there. I noticed that Dash is the most widely used in countries where the economy is weak, probably because of extra pressure  being put on society by the political regime. Any way if Dash help those poor citizens  to survive then it's  mission there can be considered completed.



Great news, thank you for the heads up. I do think Dash mission in Venezuela is still ongoing, but this does show that Dash has build a strong position in Venezuela as a fast, secure, decentralized, payment system.

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October 24, 2020, 01:47:07 PM


Those two bad PoW performers proof that competitive mining does not necessarily give better price performance.
It basically shoots a really big hole in toknormal market theory.

qwizzie, the problem isn't one of price performance. It's much more fundamental and easy to observe if you consider at capital flows instead of anecdotal examples of trading history or trying to second guess the psychology of trading behaviour.

It's that the Dash chain suffers a continual capital loss by not recycling the value of the coins it generates back into the chain. The original idea was that the masternode reward would pay for an investment in a service layer of the protocol. So a small profit margin is justified - and can even lead to a large profit margin if its done efficiently.

But right now, that margin is just being paid for out of the capital value of the chain and that's what markets are pricing in.


qwizzie
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October 24, 2020, 02:22:17 PM
Last edit: October 24, 2020, 03:17:15 PM by qwizzie

Looks like Bitcoin has flipped (or is about to flip) $13,000 to support and is going towards $14,000  
Expect increased price volatility among Altcoins, when that happens.



Source : https://cryptowat.ch/charts/BINANCE:BTC-USDT?period=3d

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October 24, 2020, 02:43:09 PM

the dash is about to break through a new bottom to btc and it is not at all clear where it will fly. Btc growth doesn't affect your shit.
Looks like Bitcoin has flipped (or is about to flip) $13,000 to support and is going towards $14,000  
Expect increased price volatility among Altcoins, when that happens.
qwizzie
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October 24, 2020, 02:58:19 PM
Last edit: October 24, 2020, 03:13:24 PM by qwizzie

Dash Core Group Q3 Quarterly Call - 29th of October 2020
Link : https://www.dash.org/forum/threads/dash-core-group-q3-quarterly-call-29-10-2020.50832/#post-223868

To toknormal : a perfect time for you to ask Ryan Taylor's opinion about your (unsupported) market theory.



No need to spread it here, when you can spread your (unsupported) market theory to a much wider Dash audience.
Unless you worry about the feedback you receive ?

To all : if you have questions for the Dash Core Group with regards to this Q3 Quarterly Call 2020, you can post them at the above mentioned link.

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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October 24, 2020, 03:23:56 PM


To toknormal : a perfect time for you to ask Ryan Taylor's opinion about your (unsupported) market theory.

That isn't who needs to be convinced. It's the community that needs to understand it. (The market already does).
qwizzie
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October 24, 2020, 03:26:09 PM


To toknormal : a perfect time for you to ask Ryan Taylor's opinion about your (unsupported) market theory.

No need to spread it here, when you can spread your (unsupported) market theory to a much wider Dash audience.
Unless you worry about the feedback you receive ?

That isn't who needs to be convinced. It's the community that needs to understand it. (The market already does).


You are worried about the feedback ... got it.

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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October 24, 2020, 04:04:52 PM
Last edit: October 24, 2020, 05:04:58 PM by toknormal


You are worried about the feedback ... got it.

I already had feedback from DCG and its formal position is to categorically dismiss the role of mining in store of value, other than to secure a leadership position within the masternode sector.  ("We don't need all this hashrate"....."except where we do"). It's been made abundantly clear that that is the end of the story as far as it's concerned. Unfortunately the market doesn't seem to concur with that view which is why I've persisted with this analysis in studying why the recent vote to change the protocol didn't have a significant impact on valuation or ranking.

Also I'd appreciate if you'd stop referring to this as a "theory". It's an observation of capital flows and how masternode rewards are not recycled back into the chain, either as mining power or in service layer costs. Public domain knowledge and published Dash protocol. If you were a masternode holder at the height of the market and received $1400 dollars worth of Dash each WEEK for doing absolutely nothing, you'd know that intuitively without even having to understand the protocol.

You'd also know it if you'd ever had to file a tax return for masternode earnings since it's recorded as income followed by a capital acquisition, where you're taxed on the full value of the income. That's where your cost base comes from - not the scarcity value established by competitive mining.

A Litecoin miner who receives $1400 from the chain at least has to apply their rig to near the tune of that value to make the next block less accessible. (A legitimate and better use of their reward than paying tax authorities IMO). Therefore no blocks at all emerge from the Litecoin chain with a price-tag of zero. That's why store-of-value seekers invest in Litecoin over Dash.

(Consequently it's why Litecoin is now getting more traffic than Dash. Nothing to do with ease of use.)

qwizzie
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October 24, 2020, 05:18:08 PM
Last edit: October 24, 2020, 06:26:03 PM by qwizzie


You are worried about the feedback ... got it.

You'd also know it if you'd ever had to file a tax return for masternode earnings since it's recorded as income followed by a capital acquisition, where you're taxed on the full value of the income. That's where your cost base comes from - not the scarcity value established by competitive mining.


As i mentioned to you before, in my country cryptocurrency is treated like owning stock. Which means it is subject to property tax, not income tax.
We just calculate our total amount of cryptocurrency at a certain time (1st of Januari 00:00) and translate that to euro. That amount of Euro is then reported to the tax agency
and that amount will be taxed. Peace of cake.

There is no filing a tax return for masternodes earnings. Our tax agency is not even interested in what kind of cryptocurrency we have. They just want to know how much the cryptocurrency
we have in total is worth in Euro at a certain time.

There is no difference for the tax agency if people have a certain amount of Euro on a bank account or if people have a certain amount of cryptocurrency on a hardware wallet.
Both are reported in euro and both are subject to the same property tax.

And no, i will not stop calling your market theory a theory. Because that is exactly what it is, a personal and unproven theory with an abundance of decorative pictures.
Thank you by the way for the reference link to where you discussed this before : https://www.dash.org/forum/threads/consensus-mechanisms.49135/page-2



Ryan Taylor does make a lot of sense. I guess this means you did make a purchase all these many years ago based on poor rationale.

I certainly did not invest in Dash because it was suppose to be a 'high energy budget coin, with on-chain services that are competitive with other high energy budget coins'.
I invested in Dash because of the masternode rewards and its schedule.

Dash original masternode payment schedule (2014) :

Quote
if(nHeight > 158000) ret += blockValue / 20; //25.0% - 2014-10-23
if(nHeight > 158000+((576*30)*1)) ret += blockValue / 20; //30.0% - 2014-11-23
if(nHeight > 158000+((576*30)*2)) ret += blockValue / 20; //35.0% - 2014-12-23
if(nHeight > 158000+((576*30)*3)) ret += blockValue / 40; //37.5% - 2015-01-23
if(nHeight > 158000+((576*30)*4)) ret += blockValue / 40; //40.0% - 2015-02-23
if(nHeight > 158000+((576*30)*5)) ret += blockValue / 40; //42.5% - 2015-03-23
if(nHeight > 158000+((576*30)*6)) ret += blockValue / 40; //45.0% - 2015-04-23
if(nHeight > 158000+((576*30)*7)) ret += blockValue / 40; //47.5% - 2015-05-23
if(nHeight > 158000+((576*30)*9)) ret += blockValue / 40; //50.0% - 2015-07-23
if(nHeight > 158000+((576*30)*11)) ret += blockValue / 40; //52.5% - 2015-09-23
if(nHeight > 158000+((576*30)*13)) ret += blockValue / 40; //55.0% - 2015-11-23
if(nHeight > 158000+((576*30)*15)) ret += blockValue / 40; //57.5% - 2016-01-23
if(nHeight > 158000+((576*30)*17)) ret += blockValue / 40; //60.0% - 2016-03-23

Scheduled to lead Dash to 60% of the blockrewards to masternodes and 40% of the blockrewards to miners in 2016.
Ironic how we are coming full circle to this original masternode payment schedule again. Only at a much slower rate.

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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October 24, 2020, 05:43:13 PM


a personal and unproven theory with an abundance of decorative pictures.

Well I admit it's difficult to compete with the #pumpIsComing theory of capital flows as a basis for attracting new investors. Long may it outlast investor due diligence otherwise we're screwed as long as we stick with the current protocol Wink
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October 24, 2020, 06:50:16 PM



Dash Podcast 157: Spencer Kuzara on Dash's New Username Wallet and Social DApps

https://odysee.com/@DigitalCashNetwork:c/Dash-Podcast-157:9?r=FqowB2QREmrBV4DcLpAWb8cz2K4gYVUV

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toknormal
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October 24, 2020, 07:07:30 PM
Last edit: October 24, 2020, 07:34:07 PM by toknormal


I invested in Dash because of the masternode rewards and its schedule.

But you're not receiving any masternode reward because its bottom line measure is capital gain (due to Dash not being a stable coin). So you should be supporting my reasoned arguments to prioritise capital value over Dash-denominated margins which are meaningless in the event of a capital loss.
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October 24, 2020, 08:14:15 PM

The average of 7 and the average of 25 sessions has been crossed again and could give place to run bull as on other occasions.

It is not a 100% reliable indication, but more than 50% of the time a sustained rise has started for weeks.

Greetings and good luck.











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October 25, 2020, 03:29:31 AM

Dash Podcast 157: Spencer Kuzara on Dash's New Username Wallet and Social DApps

https://www.youtube.com/watch?v=SOLgTBsBbPI

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unnamed.Exchange, join the Cool Kids!!!


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October 25, 2020, 12:22:43 PM


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October 25, 2020, 12:39:55 PM
Last edit: October 25, 2020, 12:56:31 PM by qwizzie



That is great !! I always wanted Dash to be added to some tiny unnamed exchange !!
Thank you.

I assume they have unnamed users there as well ? Maybe you could even change the listed cryptocurrencies there to unnamed, that way you have an unnamed exchange
with unnamed users trading unnamed cryptocurrencies. That would be super doopy cool.

Interesting DOGE / BTC chart by the way.

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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October 25, 2020, 01:14:39 PM

That is great !! I always wanted Dash to be added to some tiny unnamed exchange !!
Thank you.
I assume they have unnamed users there as well ? Maybe you could even change the listed cryptocurrencies there to unnamed, that way you have an unnamed exchange
with unnamed users trading unnamed cryptocurrencies. That would be super doopy cool.
lmao  Grin
Interesting DOGE / BTC chart by the way.
or frontend ?  Grin


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October 25, 2020, 04:24:27 PM

That shit got kicked out of the top 30 again. Where's the big jump in price after the reward update? Grin
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October 25, 2020, 04:32:10 PM

Soon bsv 200 $ xmr 150 $ ltc 70-100 $ and the best coin will sell for 30-40 $.
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October 25, 2020, 04:49:32 PM



As i mentioned to you before, in my country cryptocurrency is treated like owning stock. Which means it is subject to property tax, not income tax.
We just calculate our total amount of cryptocurrency at a certain time (1st of Januari 00:00) and translate that to euro. That amount of Euro is then reported to the tax agency
and that amount will be taxed. Peace of cake.


That is fine for those few  that live in countries like yours. Doesn't help the rest much
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