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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9670148 times)
birdonthewire
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November 10, 2020, 12:24:17 AM

Hello DASH supporters.
Can I see the total funded addresses of the entire DASH chain from the explorer?
Normally, I only get the "Rich List" up to the 200, 500, or 1000 richest, it depends on each browser. But it is impossible for me to go from there and I suppose it is public and accessible information.

Thanks.

 DASH IS THE VACCINE AGAINST THE NAKAMOTO´S CANNIBALISM* ( and its extractive virus, BTC ) 

*Parasitic growth system based on the transfer of wealth through speculative bubbles (the same old scam of the fiat global elite ...in a new format)

https://discord.com/channels/370148711088652288/660351836292775936/773522887616757770
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qwizzie
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November 10, 2020, 08:42:31 AM
Last edit: November 10, 2020, 11:17:54 AM by qwizzie

Hello DASH supporters.
Can I see the total funded addresses of the entire DASH chain from the explorer?
Normally, I only get the "Rich List" up to the 200, 500, or 1000 richest, it depends on each browser. But it is impossible for me to go from there and I suppose it is public and accessible information.

Thanks.

Dash :  https://chainz.cryptoid.info/dash/#!rich
It shows us the percentage of top 10 addresses (7%), top 100 addresses (11%), top 1000 addresses (13,8%) and the rest of the Dash addresses (68,2%)
It also shows us the amount of Dash in each category



Now lets compare this to Litecoin...

Litecoin : https://chainz.cryptoid.info/ltc/#!rich
It shows us the percentage of top 10 addresses (11,1%), top 100 addresses (31,4%), top 1000 addresses (22,8%) and the rest of the Litecoin addresses (34,7%)
It also shows us the amount of Litecoin in each category



Higher percentage in top 10 addresses, top 100 addresses, top 1000 addresses & lower percentage in all other addresses = More Centralized Wealth Distribution (Litecoin)
Lower percentage in top 10 addresses, top 100 addresses, top 1000 addresses & higher percentage in all other addresses = More Decentralized Wealth Distribution (Dash)  

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
toknormal
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November 10, 2020, 08:49:46 AM
Last edit: November 10, 2020, 09:25:28 AM by toknormal


competitive mining theory

The problem is, that with bitcoin at $100,000, current Dash/BTC ratio and current mining/masternode reward ratio MN "profits" would be at near $6000 every 7 days for 1 node. That amounts to $2 Billion per year network-wide in pure profit for doing no economic work. Mining at zero difficulty in exchange for $2 Billion worth of value.

If you think that's a "theory" that works then you went to the school of Alice in Wonderland economics because no activity survives with that kind of deluded model. The profits simply get repriced in dollars. So we'd be looking at Dash/BTC ratios of around 1/10th of where they are now if we're lucky.

The job of the "competitive mining theory" is to preserve capital in the chain by making the coin as expensive to mine as it is to buy. End of story. It's very successful at that and if you don't use it then the capital simply disappears out of the chain in proportion to the number of blocks that get mined at zero difficulty in comparison with those at full difficulty. (A bit like what would happen to bitcoin if it were to give away half its new supply to large holders at zero cost instead of putting a price on it.What's the difference between that and what Dash does ? - none. Ok so they have to run a node. Big deal, it costs $15 a month. It's no more than a symbolic gesture compared with the devaluation incurred through loss of mining effort).

In mined coins, utility arises from being an effective store of value, not the other way around. (As we have found to our cost).
qwizzie
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November 10, 2020, 09:50:03 AM
Last edit: November 10, 2020, 11:54:13 AM by qwizzie

Always nice to see some whale activity on Binance.


Source : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=1d

Will that 13K Dash buy wall with a total worth of almost $900,000 hold ? or will it be fake ? or will it slowly move upwards ? Stay tuned...
For those wondering : i grouped the orders to the max (+). There is one large buy-order (11,1K Dash at 0.004150) we should keep an eye on.

To thunderjet :

* Are you still convinced there are only 8,000-10,000 Dash circulating on Binance in total ?
Source : https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180

* Do you still think that there is not enough demand and that Dash chances to attract significant external capital is quite low ?

market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.

Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.

* Do you plan to keep spreading obvious lies about Dash wealth distribution being centralized somehow ?  

DASH wealth distribution is heavily concentrated

As i showed in my previous post Dash is very decentralized in its wealth distribution, almost twice as decentralized as Litecoin. This is directly supported by blockchain data (hard evidence).
Dash wealth distribution has a relatively low percentage concentrated in the top 10, top 100, top 1000 addresses and very large percentage concentrated in addresses outside of all that (68,2%).
Litecoin wealth distribution has a much larger percentage concentrated in the top 10, top 100, top 1000 addresses and a much lower percentage concentrated in addresses outside of all that (34,7%).

Link : https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644

Only trolls keep trying to spread FUD and lies about Dash somehow having a centralized wealth distribution. Are you a troll ?
If you are not a troll, then why do you continuously post these lies about Dash wealth distribution being centralized ?

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
thunderjet
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November 10, 2020, 11:57:39 AM

Always nice to see some whale activity on Binance.


Source : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=1d

Will that 13K Dash buy wall with a total worth of almost $900,000 hold ? or will it be fake ? or will it slowly move upwards ? Stay tuned...
For those wondering : i grouped the orders to the max (+). There is one large buy-order (11,1K Dash at 0.004150) we should keep an eye on.

To thunderjet :

Are you still convinced there are only 8,000-10,000 Dash circulating on Binance in total ?
Source : https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180

Do you still think that there is not enough demand and that Dash chances to attract significant external capital is quite low ?

market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.

Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.

I just love it when the Dash market in just 3 days directly invalidate these baseless poorly thought-out opinions and a blockchain explorer clearly expose lies
being spread about Dash wealth distribution. Grin

DASH wealth distribution is heavily concentrated

Such a nasty little liar, that thunderjet.
See my previous post to understand why that is such a nasty lie.
Dash is almost twice as decentralized in its wealth distribution as Litecoin.


Carefully read mine post before you talk about it. I was talking about sum of SELL orders on Binance -  "Sum all of sell market orders for DASH on different pairs and you get 8-10000 coins on Binance."

So you lied. Again.

Now you see one relatively big order in a year on awfully low 0.0041 BTC and think how capital will flow like a river in DASH? Really? That order can absorb selling of just 12 masternodes or 0.0024% of all masternodes.


Will see if that order hold when price come to 0.0041.

And yes,DASH wealth distribution is heavily centralized.Many other coins too.Chart of addresses does not mean anything,because people who possess a lot of coins do not held them on only one address.Masternode 1000 coins condition rule has a significant role in redistribution of coins.Tell me why only 12% of masternodes sold theirs coins in 2017 bull run ,when DASH price jumped more than 100x. Are they so stupid not to cash on such opportunity and rebuy later? Or they cant dump on theirs own pump?

Iam not DASH hater as you are trying to present it.Nor a liar. You are the one who is distorting truth,putting problems under carpet and call anybody who does not think that everything is OK with DASH a fudster,liar or something worse.Classic troll behaviour.

Such attitude wont help DASH.On the contrary,it will raise even more suspicion about it as a potential exit scam in progress.

I understand that data in mine posts heavily bother you.Obviously you are losing nerves and starting with insults and misrepresented or false data.

Iam sorry about it.Truth hurts at first but is healing on the long run.

qwizzie
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November 10, 2020, 12:01:27 PM
Last edit: November 10, 2020, 04:37:53 PM by qwizzie

I am still waiting on your evidence. I guess it is just easy to dismiss charts showing hard evidence that Dash wealth distribution is decentralized and not provide any evidence of centralization yourself.
Foolish behavior if you ask me. Specially if you keep emphasizing that Dash wealth distribution is centralized and the direct cause for Dash price being 'mercilessly trashed to oblivion', as you so eloquently put it.

By the way : do you still think Dash price is getting 'mercilessly trashed to oblivion' ? That most likely means you are not invested in Dash .. correct ?
After all why invest in a coin, you claim gets 'mercilessly trashed to oblivion' due to 'centralized' coin wealth distribution ?
It sure makes you come across as very Anti-Dash. Referencing some vague baseless unsubstantiated Dash exit scam, is not helping with that Anti-Dash impression either.


To thunderjet :

* Are you still convinced there are only 8,000-10,000 Dash circulating on Binance in total ?
Source : https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180

* Do you still think that there is not enough demand and that Dash chances to attract significant external capital is quite low ?

market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.

Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.

* Do you plan to keep spreading obvious lies about Dash wealth distribution being centralized somehow ?  

DASH wealth distribution is heavily concentrated

As i showed in my previous post Dash is very decentralized in its wealth distribution, almost twice as decentralized as Litecoin. This is directly supported by blockchain data (hard evidence).
Dash wealth distribution has a relatively low percentage concentrated in the top 10, top 100, top 1000 addresses and very large percentage concentrated in addresses outside of all that (68,2%).
Litecoin wealth distribution has a much larger percentage concentrated in the top 10, top 100, top 1000 addresses and a much lower percentage concentrated in addresses outside of all that (34,7%).

Link : https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644

Only trolls keep trying to spread FUD and lies about Dash somehow having a centralized wealth distribution. Are you a troll ?
If you are not a troll, then why do you continuously post these lies about Dash wealth distribution being centralized ?


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.

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
birdonthewire
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November 10, 2020, 12:51:33 PM

Hello DASH supporters.
Can I see the total funded addresses of the entire DASH chain from the explorer?
Normally, I only get the "Rich List" up to the 200, 500, or 1000 richest, it depends on each browser. But it is impossible for me to go from there and I suppose it is public and accessible information.

Thanks.

...Higher percentage in top 10 addresses, top 100 addresses, top 1000 addresses & lower percentage in all other addresses = More Centralized Wealth Distribution (Litecoin)
Lower percentage in top 10 addresses, top 100 addresses, top 1000 addresses & higher percentage in all other addresses = More Decentralized Wealth Distribution (Dash)  

Thanks, I found it earlier here: https://blockchair.com/dash/addresses

At the bottom right, you search listings, by the amount contained in small addresses.

 DASH IS THE VACCINE AGAINST THE NAKAMOTO´S CANNIBALISM* ( and its extractive virus, BTC ) 

*Parasitic growth system based on the transfer of wealth through speculative bubbles (the same old scam of the fiat global elite ...in a new format)

https://discord.com/channels/370148711088652288/660351836292775936/773522887616757770
qwizzie
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November 10, 2020, 12:55:28 PM

Hello DASH supporters.
Can I see the total funded addresses of the entire DASH chain from the explorer?
Normally, I only get the "Rich List" up to the 200, 500, or 1000 richest, it depends on each browser. But it is impossible for me to go from there and I suppose it is public and accessible information.

Thanks.

...Higher percentage in top 10 addresses, top 100 addresses, top 1000 addresses & lower percentage in all other addresses = More Centralized Wealth Distribution (Litecoin)
Lower percentage in top 10 addresses, top 100 addresses, top 1000 addresses & higher percentage in all other addresses = More Decentralized Wealth Distribution (Dash)  

Thanks, I found it earlier here: https://blockchair.com/dash/addresses

At the bottom right, you search listings, by the amount contained in small addresses.

Good to hear.

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
birdonthewire
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November 10, 2020, 04:03:44 PM


competitive mining theory

The problem is, that with bitcoin at $100,000, current Dash/BTC ratio and current mining/masternode reward ratio MN "profits" would be at near $6000 every 7 days for 1 node. That amounts to $2 Billion per year network-wide in pure profit for doing no economic work. Mining at zero difficulty in exchange for $2 Billion worth of value.

If you think that's a "theory" that works then you went to the school of Alice in Wonderland economics because no activity survives with that kind of deluded model. The profits simply get repriced in dollars. So we'd be looking at Dash/BTC ratios of around 1/10th of where they are now if we're lucky.

The job of the "competitive mining theory" is to preserve capital in the chain by making the coin as expensive to mine as it is to buy. End of story. It's very successful at that and if you don't use it then the capital simply disappears out of the chain in proportion to the number of blocks that get mined at zero difficulty in comparison with those at full difficulty. (A bit like what would happen to bitcoin if it were to give away half its new supply to large holders at zero cost instead of putting a price on it.What's the difference between that and what Dash does ? - none. Ok so they have to run a node. Big deal, it costs $15 a month. It's no more than a symbolic gesture compared with the devaluation incurred through loss of mining effort).

In mined coins, utility arises from being an effective store of value, not the other way around. (As we have found to our cost).

From what price is it profitable to mine DASH?
What is the cost of basic but competitive equipment?
What return do you need?

Thanks.

 DASH IS THE VACCINE AGAINST THE NAKAMOTO´S CANNIBALISM* ( and its extractive virus, BTC ) 

*Parasitic growth system based on the transfer of wealth through speculative bubbles (the same old scam of the fiat global elite ...in a new format)

https://discord.com/channels/370148711088652288/660351836292775936/773522887616757770
toknormal
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November 10, 2020, 07:08:44 PM


From what price is it profitable to mine DASH?

1. Borrow $67,000 at zero percent interest
2. Buy 1 masternode
3. Mine for 6 months at zero difficulty
4. Dump your masternode
5. You now have $2264 worth of Dash at zero cost and no investment capital

birdonthewire
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November 10, 2020, 07:13:57 PM


From what price is it profitable to mine DASH?

1. Borrow $67,000 at zero percent interest
2. Buy 1 masternode
3. Mine for 6 months at zero difficulty
4. Dump your masternode
5. You now have $2264 worth of Dash at zero cost and no investment capital



Thank you, but i mean miners, not Mnodes.
I would also appreciate that information about other currency ... but of course about DASH.

 DASH IS THE VACCINE AGAINST THE NAKAMOTO´S CANNIBALISM* ( and its extractive virus, BTC ) 

*Parasitic growth system based on the transfer of wealth through speculative bubbles (the same old scam of the fiat global elite ...in a new format)

https://discord.com/channels/370148711088652288/660351836292775936/773522887616757770
toknormal
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November 10, 2020, 07:14:53 PM


Thank you, but i mean miners, not Mnodes.
I would also appreciate that information about other currency ... but of course about DASH.

Mining profitability is here: https://www.coinwarz.com/mining/dash/calculator
birdonthewire
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November 10, 2020, 07:33:35 PM


Thank you, but i mean miners, not Mnodes.
I would also appreciate that information about other currency ... but of course about DASH.

Mining profitability is here: https://www.coinwarz.com/mining/dash/calculator

Thanks, but, Christ, it sounds really embarrassing! (-363.89% yield!). Now I understand your earlier tone of sarcasm and dislike for the Mnodes model.

Excuse the insistence, I take care of the sensitivity of the topic, but would you be kind enough to tell me how much would be a minimally acceptable performance? (to be minimally motivated to provide that service)

 DASH IS THE VACCINE AGAINST THE NAKAMOTO´S CANNIBALISM* ( and its extractive virus, BTC ) 

*Parasitic growth system based on the transfer of wealth through speculative bubbles (the same old scam of the fiat global elite ...in a new format)

https://discord.com/channels/370148711088652288/660351836292775936/773522887616757770
qwizzie
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November 10, 2020, 07:39:09 PM
Last edit: November 10, 2020, 07:50:58 PM by qwizzie


Thank you, but i mean miners, not Mnodes.
I would also appreciate that information about other currency ... but of course about DASH.

Mining profitability is here: https://www.coinwarz.com/mining/dash/calculator

Thanks, but, Christ, it sounds really embarrassing! (-363.89% yield!). Now I understand your earlier tone of sarcasm and dislike for the Mnodes model.

toknormal is a masternode operator. So he may dislike the Mnodes model, but he is surfing the masternode waves. From the start...
Also i strongly recommend to only invest what you can effort to loose, and not to engage in borrowing Dash unless you know what you are doing.

There was a whale that was doing Dash borrowing on SALT* awhile back to setup masternodes and he got pretty badly liquidated on his borrowing at some point (100K Dash liquidated or something ?).

* https://blog.saltlending.com/salt-adds-dash-as-collateral-and-offers-a-way-to-maintain-your-masternode-877fe7caa615

If even big whales get liquidated like that, be extra careful.

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
birdonthewire
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November 10, 2020, 07:49:50 PM


Thank you, but i mean miners, not Mnodes.
I would also appreciate that information about other currency ... but of course about DASH.

Mining profitability is here: https://www.coinwarz.com/mining/dash/calculator

Thanks, but, Christ, it sounds really embarrassing! (-363.89% yield!). Now I understand your earlier tone of sarcasm and dislike for the Mnodes model.

toknormal is a masternode operator. So he may dislike the Mnodes model, but he is surfing the masternode waves. From the start...
Also i strongly recommend to only invest what you can effort to loose, and not to engage in borrowing Dash.

There was a whale that was doing Dash borrowing on SALT* awhile back to setup masternodes and he got pretty badly liquidated on his borrowing at some point (100K Dash liquidated or something ?).

* https://blog.saltlending.com/salt-adds-dash-as-collateral-and-offers-a-way-to-maintain-your-masternode-877fe7caa615

thanks
Do you have an idea of what would be a minimum return for a miner? A normal yield.

 DASH IS THE VACCINE AGAINST THE NAKAMOTO´S CANNIBALISM* ( and its extractive virus, BTC ) 

*Parasitic growth system based on the transfer of wealth through speculative bubbles (the same old scam of the fiat global elite ...in a new format)

https://discord.com/channels/370148711088652288/660351836292775936/773522887616757770
qwizzie
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November 10, 2020, 07:56:57 PM
Last edit: November 10, 2020, 08:11:59 PM by qwizzie


Thank you, but i mean miners, not Mnodes.
I would also appreciate that information about other currency ... but of course about DASH.

Mining profitability is here: https://www.coinwarz.com/mining/dash/calculator

Thanks, but, Christ, it sounds really embarrassing! (-363.89% yield!). Now I understand your earlier tone of sarcasm and dislike for the Mnodes model.

toknormal is a masternode operator. So he may dislike the Mnodes model, but he is surfing the masternode waves. From the start...
Also i strongly recommend to only invest what you can effort to loose, and not to engage in borrowing Dash.

There was a whale that was doing Dash borrowing on SALT* awhile back to setup masternodes and he got pretty badly liquidated on his borrowing at some point (100K Dash liquidated or something ?).

* https://blog.saltlending.com/salt-adds-dash-as-collateral-and-offers-a-way-to-maintain-your-masternode-877fe7caa615

thanks
Do you have an idea of what would be a minimum return for a miner? A normal yield.

Best to ask in here : https://www.dash.org/forum/topic/mining.3/
And be aware that when our blockreward change gets activated on our network in a few weeks, a part of the blockrewards will start flowing from miners (-9%) to masternodes (+9%).
It will change from 45% miners rewards / 45% masternodes rewards to 36% miners rewards / 54% masternodes rewards in about 4.5 years.

This may even change a little more negatively for miners (additional -4%), if a certain decision proposal from DCG that is currently on our network passes --> https://www.dashcentral.org/p/decision-vote-improve-proposal-system-dc

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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November 10, 2020, 08:13:50 PM

I am still waiting on your evidence. I guess it is just easy to dismiss charts showing hard evidence that Dash wealth distribution is decentralized and not provide any evidence of centralization yourself.
Foolish behavior if you ask me. Specially if you keep emphasizing that Dash wealth distribution is centralized and the direct cause for Dash price being 'mercilessly trashed to oblivion', as you so eloquently put it.

By the way : do you still think Dash price is getting 'mercilessly trashed to oblivion' ? That most likely means you are not invested in Dash .. correct ?
After all why invest in a coin, you claim gets 'mercilessly trashed to oblivion' due to 'centralized' coin wealth distribution ?
It sure makes you come across as very Anti-Dash. Referencing some vague baseless unsubstantiated Dash exit scam, is not helping with that Anti-Dash impression either.


To thunderjet :

* Are you still convinced there are only 8,000-10,000 Dash circulating on Binance in total ?
Source : https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180

* Do you still think that there is not enough demand and that Dash chances to attract significant external capital is quite low ?

market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.

Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.

* Do you plan to keep spreading obvious lies about Dash wealth distribution being centralized somehow ?  

DASH wealth distribution is heavily concentrated

As i showed in my previous post Dash is very decentralized in its wealth distribution, almost twice as decentralized as Litecoin. This is directly supported by blockchain data (hard evidence).
Dash wealth distribution has a relatively low percentage concentrated in the top 10, top 100, top 1000 addresses and very large percentage concentrated in addresses outside of all that (68,2%).
Litecoin wealth distribution has a much larger percentage concentrated in the top 10, top 100, top 1000 addresses and a much lower percentage concentrated in addresses outside of all that (34,7%).

Link : https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644

Only trolls keep trying to spread FUD and lies about Dash somehow having a centralized wealth distribution. Are you a troll ?
If you are not a troll, then why do you continuously post these lies about Dash wealth distribution being centralized ?


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.


Your "evidences" are not real evidences.Distribution charts you are talking about are completely useless.It shows nothing,because people who have a lot of coins do not put them all on only one address or wallet for security reasons and to protect themselves from tracking. After 2017,major KYC and AML upgrading protocols, splitting coins on numerous addresses and wallets became a basic rule for major holders.

Do you have any real evidence,direct or indirect that major DASH holders use only one address to store DASH? No,you dont. In fact ,major DASH holders are also major masternode owners and condition about 1000 coins per masternode helped further coin splitting.

4500 masternodes were established before 2017 bull run.During it,only about 12% sold theirs coins,despite price went up more than 100x. If DASH was truly decentralized,we would see a huge selling of masternode operators coins during the pump and later slowly rebuy.Not at one investor would miss such opportunity to earn 100x, except if you are the one who pump coin and cant dump on yourself.That was first major sign of highly centralized ownership.

Second is making economic decisions solely in favor of masternode owners,disregarding miners interests completely.Giving 50% of mined coins to masternode owners,just helped further centralization of power,because huge masternode owners got a lot of basically free coins,dumping them on market mercilessly,pushing price of coin deep in red and make it completely unprofitable for ordinary miners.

Do you really think that miners are idiots,mining deeply unprofitable DASH for months ,ruining financialy themselves? No, they are not idiots and people who are now mining DASH are not real miners but huge masternode owners.Thanks to hefty 50% reward they pushed ordinary miners from mining and took over mining,getting coins by far less price than it would be a case if 100% of mined coins go to miners.Despite obviously disastrous decision of giving 50% to masternode owners,now they are pushing for further increase of that reward.Even idiots can see that now huge economic disbalance in DASH will grow further.

Third,a deliberate decision that you need 1000 DASH to run a masternode was in favor of huge owners and coin centralization ,because owning just one masternode needs a lot of money,too many for ordinary people.

If the goal was true decentralization, condition for masternodes would be 50 to 100 DASH ,something that many people could afford.We would have a far more masternodes than today,which ROI will be in acceptable margins and one truly decentralized coin.

So,as you see ,all decisions were made to make DASH centralized as much as possible,completely in favor of big holders.

Yes,I think that due to a lot of free coins,huge masternode owners are mercilessly dumping coins for almost 3 years.Every price is good for them.They paid off theirs investments many times and have no reason to keep free coins they are getting.They are constantly removing liquidity from DASH,so DASH Buy orders fell almost to 0.

Is that looking like scam in progress? - Unfortunately,yes.I saw similar behaviour many times in other coins with same result. I sincerely hope so that DASH will not end like a major scam coin.Coin price is not a major problem,it is just a consequence of earlier bad economic decisons of DASH team.Empty Buy orders are something to worry about much more.One bigger order on 0.0041 BTC does not mean anything.It can be a false Buy wall or someone willing to gamble ,thinking to collect DASH on extremely low price and that DASH will not go much lower in future.

I had small investment in DASH during 2016,about 80 coins and sold them during 2017.Despite that DASH has a very good software team, due to poor economic decisions of its team I didnt reinvest money in it. I kept my eye on it ,because I thought it has potential and good technical team.

DASH made few very bad economic misses in a row,losing brilliant chance to become rival of ETH and to take over significant part in smart contracts using,which propped ETH so much.Some things can be changed and improved ,but damage is already very high and damage control unit is nowhere to be seen.



 
qwizzie
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November 10, 2020, 08:26:25 PM

Thank you thunderjet for confirming you are currently not invested in Dash (0 Dash) and for confirming that you plan to keep pushing a false narrative about Dash wealth distribution being centralized,
thereby disregarding hard evidence from the Dash blockchain itself, that very clearly shows the opposite (that the Dash coin wealth distribution is highly decentralized).  

Link : https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644

That is all i needed to know. I can safely put you on ignore now.

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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November 10, 2020, 08:34:30 PM


thereby disregarding hard evidence from the Dash blockchain itself, that very clearly shows the opposite (that the Dash coin wealth distribution is highly decentralized).

He already pointed out to you that that's irrelevant because distributed wallets don't mean distributed owners.

It's particularly poignant with Dash because large holders HAVE TO split their holdings into distinct addresses if they want to run masternodes.
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November 10, 2020, 08:44:18 PM
Last edit: November 10, 2020, 09:14:51 PM by qwizzie


thereby disregarding hard evidence from the Dash blockchain itself, that very clearly shows the opposite (that the Dash coin wealth distribution is highly decentralized).

He already pointed out to you that that's irrelevant because distributed wallets don't mean distributed owners.

It's particularly poignant with Dash because large holders HAVE TO split their holdings into distinct addresses if they want to run masternodes.

Large Dash holders having to split their holding is irrelevant to Dash decentralized wealth distribution. They could all be sitting outside the top 10, top 100, top 1000 addresses. It does not change
the decentralized nature of Dash wealth distribution.
 
Dash wealth distribution has a relatively low percentage concentrated in the top 10, top 100, top 1000 addresses and very large percentage concentrated in addresses outside of all that (68,2%).
Litecoin wealth distribution has a much higher percentage concentrated in the top 10, top 100, top 1000 addresses and a much lower percentage concentrated in addresses outside of all that (34,7%).

Link : https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644

There is just no evidence to suggest that Dash has a centralized coin wealth distribution. Zero evidence. There are just opinions, theory, assumptions, lies .. whatever you want to call it.
There is however evidence by comparing Dash wealth distribution with Litecoin wealth distribution, that Dash is much more decentralized in its wealth distribution then Litecoin.


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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