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

[birdonthewire]

I have asked several posts ago for an explanation about what would be the limitations of a DASH fork - or if open source really allows us to evolve from the point that is considered appropriate - which seems a bit naive, even more after having read in it past that DCG registered some patent, etc -.

I do it again. Any information will be welcome.

Thank you.

[Tungi17]

What exactly is staking and what kind of staking opportunities are available today? 🤔

This is the first release of the Dash FastPass Education Series, every piece is drafted in coordination with our FastPass Partners.

https://www.dash.org/2020/12/03/staking-to-make-a-profit/

[birdonthewire]

What exactly is staking and what kind of staking opportunities are available today? 🤔

This is the first release of the Dash FastPass Education Series, every piece is drafted in coordination with our FastPass Partners.

https://www.dash.org/2020/12/03/staking-to-make-a-profit/

Trust your tokens to any shitty exchange = "Crypto Education" according to guru Mason, chapter 25 verse 12.

A clown worthy of a podium on which it is impossible to know if he is missing neurons ... scruples ... or both.

Mamma mía !...They almost miss his childish roller coasters or his colorful glitter glasses when he gets ceremonious. This guy deserves to be exhibited in a museum ... someone make a proposal, please !!!

DASH crypto revolution: Deliver your DASH !!!  

[NibiruHybrid]

We're happy to announce that Flyp.me now supports Dash InstantSend. 🌐⚡🚀

Flyp.me is a fast and secure way to exchange 30+ cryptocurrencies with no signup required. Just one click to exchange seamlessly and instantly.

Try Flyp.me today!

[toknormal]

We're happy to announce that Flyp.me now supports Dash InstantSend. 🌐⚡🚀

Immense !

[get2business]

Dash was once 1000$+, now it’s 80 bucks.
 

[xkcdd]

Dash was once 1000$+, now it’s 80 bucks.
 

Yeah, amazing ain't it.  So, we know DASH was $1000 and can reach that again, then maybe buy DASH now for possible 10x pump?  Or buy bitcoin top?

[qwizzie]

Dash was once 1000$+, now it’s 80 bucks.
 

Yeah, amazing ain't it.  So, we know DASH was $1000 and can reach that again, then maybe buy DASH now for possible 10x pump?  Or buy bitcoin top?

In some ways Dash seems to mimic some of Bitcoin earlier price movements. I remember Bitcoin breaking into the $1000 range, ultimately reaching $1,140 before falling back to $150.
Dash reached  $1500, before falling back to $40 and is now accumulating / stabilizing at around $90-$100. The '% decrease' was a bit higher with Dash (-97,3%), then with Bitcoin (-87%).
Price recovery (# of months / years to new ATH) just seems to take longer with Dash / Altcoins in general and looks to be more volatile.


Source : https://www.reddit.com/r/Bitcoin/comments/a4yrux/bitcoin_is_a_game_of_accumulation/

Bitcoin has established a new ATH of $19,918 on Bitstamp on December 1, 2020. Which means it took Bitcoin pretty close to three years to establish a slightly higher new ATH.
Of course there are exchanges and sites like coinmarketcap that use a higher ATH for Bitcoin ($20,089 on Dec 17, 2017).



Which means that for those sites, Bitcoin price still has not established a new ATH.
Source : https://coinmarketcap.com/currencies/bitcoin/historical-data/

 

[birdonthewire]

Dash was once 1000$+, now it’s 80 bucks.
 

Yeah, amazing ain't it.  So, we know DASH was $1000 and can reach that again, then maybe buy DASH now for possible 10x pump?  Or buy bitcoin top?

Now?   LOL  

Noooo ... we already bought BTC when we saw that you included Shared Mnodes in your long list of defaults and delays and you manipulated a project that aspired to be MASSIVE AND OPEN (many thousands, tens of thousands of deceived, unfortunately, they trusted your commitment and You've been eating his money for six years). Those bitcoins today would be multiplied by dozens of DASH ... but ... who returns them now to this centralized scam that you distribute four savvy ones with little shame and a lot of tongue?

And of course, institutional money that is pouring into BTC knows that it can qualify for reasonable proportionality as a comunity member, nor less, nor more. You think they are retarded and they are going to put millions of bucks from a pension fund ... so that you ,cocky little fish, can take a direct bite out to your pocket? (The answer is easy: DASH ... less than 100 bucks. Keep waiting and uploading colored rockets to Twitter... while any fifth division shitcoin  overtakes in the ranking like a meteorite the technological jewel you have hijacked , distorted and minimized).

The thing is that now DASH has no community ... only 200 scammers owning 5000 Mnodes controlling a ponzi whose wealth you drain from the Mnodes rewards - or , dont talk only about BTC , why do you think DASH lost 1: 1 with ETH, but also sank in front of to so many other currencies that people do want to adopt? Easy: Because in any project they share the prosperity that is generated with their contribution and in DASH, four manipulators appropriate it and send it to your pockets. These "little fish ", as you call them arrogantly when you show your true face like a fool, they were idiots, pushed aside, blocked and scammed, ok ... but do you think they are SO idiots? Because maybe the one who has been too clever, is you and your band of friends.

So don't disguise your speech from a couple of pages back ... and start looking for those rich people you need to scam ... But One by one, eh? ... because the massive network effect fundamental to consolidating a currency disappears with the well-deserved reputation of manipulation and scam that you have managed to associate DASH as a brand with your funny tricks from minute 1 - by the way, Duffield has already donated to the "community" the almost 300 Mnodes promised by the original unbalanced cast? (Attention to the "rich" willing to put 6 figures in this joke: Although this will hide new "investors" who will only know once inside , DASH decisions are made by ONE THOUSAND votes only, even less... but there are owners with HUNDREDs of votes ... the 5000 Mnodes are an optical illusion and at any time They can throw away, for example, that the owners of 1, 2 ... or 5 Mnodes do not vote ... or do not charge rewards.ANY TRICK THAT COMES ON AND IS VOTED BY A CONTROLLED AND MANIPULATED SYSTEM. Nice joke, eh? ...Send 100,000 dollars to DASH !!! NOW !!! ) :

- Real community: Adoption in geometric progression. With motivation, proportionality and respect.
- Elitist Ponzi: Adoption in arithmetic progression. With deceptions that need to be worked, objective by objective.

DASH was guaranteed almost unstoppable growth with its original approach ... you just have to look back a few years ... but now, for being immoral and deceitful and turning this blockchain gem into centralized garbage for the benefit of 200 smart pockets *: then , step by step looking for naive people who do not understand that they give away their money to a group that can invent new rules in two days, marginalizing them from the millionaire distribution that you promise ... as you have already done in full view of the public with miners and micro-holders , with whose money you pay the structure of this scam and fill your wallets.

But, well ... Cheer up with that "door to door"! ... Every day a fool wakes up...and drop by drop a lake fills.


* look, you have achieved a milestone in the sector. In front of smart contracts of ETH, you can patent the "smart pockets" of DASH. Each with its own style.  

[qwizzie]

How to get that bird off the wire ?  



Oh darn.

[birdonthewire]

How to get that bird off the wire ?  



Oh darn.

You can get the bird out without the "resistance to censorship" ... as you do in DASH TROLLk discord and other manipulated channels silencing the slightest dissidence to your tricks, paid for during years with DASH funds ... while selling a "libertarian project". (To that you dedicate the common treasure that you have taken from all the people ... to coat the project in shit and fuck you every crypto basic principle)

Anyway, and as usual ... lots of jokes , fireworks and trolling to distract people ... but you don't have the balls to get a single lie out of any of my posts. And you know it perfectly.

You have already harmed too many people, immoral. The worst thing, also ... is that you are the ones who prevent DASH from expressing its potential and being able to nobody enjoy it.

Come on ... move that ass and start looking for naive owners of 100,000 dollars to put the shit you bought at 40 $. Have a good trip.  


edit : By the way ... and as for those fallacious parallels on big, colorful charts you want to identify a 200-partner private ponzi like DASH - until the silent whales start fucking the modest Mnodes too - and BTC ... you know what is a NETWORK EFFECT ?

BTC grows, among other things, because if you buy $ 100 of BTC ... you are a proportional part of the project , another warrior to win or lose. End of the book. Anyway ... I already told you that I really don't know if you are the idiots for believing others are such idiots.

[afbitcoins]

And of course, institutional money that is pouring into BTC knows that it can qualify for reasonable proportionality as a comunity member, nor less, nor more. You think they are retarded and they are going to put millions of bucks from a pension fund ... so that you ,cocky little fish, can take a direct bite out to your pocket?

well said

[FreedomCoin]

Hmm it bumped up again on blocktivity and then dropped.. As far as I can there is very little development going on recently, just a roadmap claiming stuff is on the way.

https://github.com/dashpay/dash/graphs/commit-activity

and

https://github.com/dashpay/dash/graphs/contributors

[qwizzie]

Hmm it bumped up again on blocktivity and then dropped.. As far as I can there is very little development going on recently, just a roadmap claiming stuff is on the way.

https://github.com/dashpay/dash/graphs/commit-activity

and

https://github.com/dashpay/dash/graphs/contributors

You need to look at the develop branche, to get a sense of what is going on with Dash : https://github.com/dashpay/dash/commits/develop
Unfortunetely the graphs you mentioned do not include commit-activity from the develop branche and is therefore painting a completely wrong picture with Dash.
Do not rely on Github graph commit-activity & contributors with Dash, it is a known shortcoming of Github / Insights.

Any Dash Github commit is put in the develop branche with Dash, not in the master branche.
The Dash commits only get merged into the master branche, during official releases.

So far i know this is different then for example Bitcoin, where Bitcoin developers put their Github commits directly in the master branche.
Github / Insights graphs on commit-activity & contributors are working correct there.

Dash Platform, a very large and fundamental update that took 5 years of development will be on Dash Testnet soon (end of this month), which i assume will mean a whole lot of new contributor activity
and a lot of code commits suddenly appearing in the Dash Github develop branche. Should be interesting to observe.

Dash Platform is scheduled to be released on Dash Mainnet in Q1, 2021
This should then get visible on the Github / Insights graphs as well, as it gets merged into the Dash master branche.

[toknormal]

I remember Bitcoin breaking into the $1000 range, ultimately reaching $1,140 before falling back to $150.

Dash reached  $1500, before falling back to $40 and is now accumulating / stabilizing at around $90-$100. The '% decrease' was a bit higher with Dash (-97,3%), then with Bitcoin (-87%).
Price recovery (# of months / years to new ATH) just seems to take longer with Dash / Altcoins in general and looks to be more volatile.

The difference, however is that when Bitcoin reached $1000 the second time, near on 100% of the $1000-per-coin worth emerging from the chain was invested straight back into upwards difficulty adjustments, thereby supporting that price across the chain.

As Dash approaches $1000, only $400 of that will go towards upwards difficulty adjustments. The rest goes increasingly to sustaining the masternode network which at that point will cost around $350 MILLION per year to run. For a bunch of nodes that other coins pay nothing.

$350 million that would otherwise have gone towards keeping the supply scarce, competitive and attractive to mine.

So if Dash ever reaches $1000 again it will simply snap straight back down as it did the last time. The new supply paid towards masternodes can do that. Even if ALL the node collateral remains locked up and nobody sells a node, even if ALL miners hold and don't sell, just the masternode rewards alone are enough to crash the market since they are:

 • given out for free
 • are therefore at a profit-take all the way down to a price of zero
 • have a never-ending supply available to them

[afbitcoins]

Dash needs to focus on store of value. I mean ALL focus on store of value, forget payments. That means storing value in the chain. Finding every way possible to do this. this way every holder of Dash should feel they have something valuable to save, to keep as investment.. From someone who holds 1 dash to someone who holds multiple masternodes. This way  investors may start to eyeball dash as a good place to be. Dash is not digital cash. Not the way I see it. Dash should be much more than that, Dash is digital money. ( The name Dash sounds better than Doney though) . I invested in Dash when it was still Darkcoin thinking it was as good as bitcoin, better than gold if you will, ie a scarce and valuable monetary commodity. Hard money. I ran my first masternode marvelling that I could earn a share of such a hard asset like bitcoin.

However masternode owners are grabbing the wealth, even voting themselves more of the wealth. Seemingly too dim witted to notice they harm the very value of the thing they desire. And that is being kind, there could be less savoury factors at play. Dash has a very hard time losing the scam tagline which came right at the very beginning of the project.  The value added by masternode layer does not justify the huge cost in the form of masternode payments. It is a huge cost. More than half the entire supply. The higher the dash price gets the more of a burden this becomes to the network pulling the price back down. If Dash wants to be a stable coin anchored to the cheap cost of hosting a server then Dash needs to keep doing what it is doing. Dash should be called  Hosting Tether Coin.

Perversely the masternode community seem to accuse the miners of doing what they themselves do. Which is being too expensive to justify the cost. 'Hashrate is too expensive'. This is the most corrosive thing that came out of Ryan's idea to #ImproveEconomicsOfDash. We can never have too much hashrate for the same reason we can't have too much scarcity. We want a valuable Dash. Don't we?

You can't look at the last dash bubble without also considering at the time dash was seen as the primary safe haven of a hostile bitcoin fork event. That particular circumstance won't repeat.

In reality hashrate is what brings the value. Too expensive hashrate misses the point entirely hashrate is not primarily about securing the chain. Chainlocks will never replace hashrate as a way of synthesising digital scarcity . Monetary proof of stake coins will never be a success. Truthfully the service and governance layer is too expensive. Far too expensive. I suspect this will prove to be the downfall of all masternode coins, that they judge their own reward as most justified and most important. And with the power of vote they vote for it. In theory the governance can lead to good decisions that better the network. In the case of Dash and mostly thanks to Evan Duffield there have been many promising innovation in Dash. But all these innovations come at what cost. Half the entire supply pissed away. But human failings come into play and so the great dramas of life always repeat past mistakes in new ingenious ways.

I am very disappointed in the miners. I thought they might fight this idea of gifting larger reward to masternodes. Nothing came from them, only meek surrender to the masternodes. The power of veto was in their hands they could have blocked the masternode dash grab by not updating to the new protocol. It is hard not to conclude that hybrid mining / masternode operating suits the large miners  as a way of pushing out small miners who can't afford masternodes. There is a smell of power grabbing in the air.  If not that then the reasons are unfathomable and mystifying. Dash mining is largely already not profitable.

How to maximise store of value? Masternodes should make only a modest profit over the cost of hosting the node. (This is only the cost of running a server and doing routine updates, making sure it has enough ram and storage. spending time reviewing  proposals can be included too but as far as proposals go that is more debatable. Thats it. that is the cost of running a masternode) 20 or 30 bucks a month plus some time reviewing proposals. The collateral remains your own capital it is not a cost of running a node.

Dash needs to go into emergency reversal mode. First overturn Ryan's dreadful proposal to gift more fresh minted dash to masternodes and instead pump all excess supply back into the mining network. Dash is a proof of work coin. This means hard money. ie scare. Limited in quantity, hard to get. Valuable. This was the premise behind my original investment. Gifting it to masternodes as a mining of zero difficulty only dilutes the value. Dash needs something built into the protocol to adjust masternode rewards to remain only modestly more than the cost of running the node automatically. Dash needs all the rest of the supply to go into hashrate. To avoid a huge shock this could be phased in.

Dash needs to somehow prevent masternode owners being able to adjust reward allocations or other parameters like the overall total ever to be created or the emission rate, it should be determined by the protocol. It is unthinkable that bitcoin will ever get its 21million limit changed. Dash should have similar lines in the sand that masternodes cannot vote to change. Masternode desicsions should be more like an approval committee for grants to promising startups. Without this dash has no hope of competing ever with a real store of value coin.

Dash has an ace up its sleeve. The dash investment foundation. DIF. Dash is not playing its ace. The DIF is doing what precisely? Is it amassing great quantities of gold? Dash can do this. There are not hurdles to that happening. I don't think anything else in the crypto world has this power. The power that central banks have. Is it doing it? If not why not? What are they in DIF up to? Is it feasible Dash can own bitcoin too? If Dash amasses a massive portfolio of valuable assets, owned by the Dash network. This becomes a rising baseline below which Dash will not fall. Who will sell or short Dash when its marketcap value is below the value the DIF holds ?

Dash can do this. (theoretically) but it won't. I have not faith in the governance to get any of this done.



 

[toknormal]

If Dash wants to be a stable coin anchored to the cheap cost of hosting a server then Dash needs to keep doing what it is doing.

Immense point !

"anchored to the cheap cost of hosting a server".

That is so true. I'll have to use that. This is the monetary policy of Spork 21. To anchor the store-of value properties at the lowest operational cost which is indeed the cost of hosting a node. Everything above that is profit which will get washed away. Even speculative value will follow since speculative value is nothing more than the pricing in of future fundamentals and if there's one thing that does not attract capital it's other people's profit margins.

People need to let this sink into their heads IMO.

Dash needs to go into emergency reversal mode. First overturn Ryan's dreadful proposal to gift more fresh minted dash to masternodes and instead pump all excess supply back into the mining network.

Never a truer or more urgently spoken word said.

[afbitcoins]

Thanks tok, you are one of the few that means a lot from. I dislike seeing you vilified by the likes of wormtongue, I mean qwizzie. Keep fighting the fight.

[birdonthewire]

Dash needs to somehow prevent masternode owners being able to adjust reward allocations or other parameters like the overall total ever to be created or the emission rate, it should be determined by the protocol. It is unthinkable that bitcoin will ever get its 21million limit changed. Dash should have similar lines in the sand that masternodes cannot vote to change. Masternode desicsions should be more like an approval committee for grants to promising startups. Without this dash has no hope of competing ever with a real store of value coin.

 

Exactly, that's the key. The corruption of a rule affects ALL THE RULES. No matter the specific colored lights and fireworks with which they want to dazzle you and attract your capital ... everything hangs by a thread.

They can literally vote whatever they want ... and that turns any basic guarantee of DASH into a dead letter, it could only exist in an absolutely atomized and decentralized structure - like in a citizen voting system that reflects as many votes as population, an absolutely different structure to DASH -. Perverting and monopolizing their role in governance, by blocking Shared Mnodes - a voting niche that can only aspire to optimize the general benefit of the project because no one will support their particular benefit - the network of Nodes have voided any guarantee of the project, they can vote even against the general self-interest ... as evidenced in RTaylor's pantomime about his false reserve of value with which he possibly only sought easily bribable allies ... surely just to buy time and not expose voting power of the great owners ... until the final party. Simply with those types of scenarios at the level of possibility, the solidity of the project is water between the fingers.

By the way, it is incredible that Mnodes with few devices do that game to the whales of DASH, because the model tends to be concentrated ... and they will be the next to pay, it is only a matter of time. With the ideal low price, they will make you suffer like all the microholders who bought up in 2017 and finally sold, tired of being dumped and manipulated. Those who have hundreds of nodes can narrow the margin of their pump & dumps to ridiculous levels where those who have 2000 tokens will not risk ... and yet those margins will be profitable for the whales by sheer volume and ABSOLUTE returns, with which they will have more and more percentage of supply.

Of the unaffordable risk of those who enter with one or a few Mnodes at the 3-digit price, better not to mention. If you don't like Russian roulette, sure. And thus, the investment prospect, far from being attractive, is a real foolhardy. And it doesn't reduce DASH's investor profile to the "rich" who ridiculously exposes the cheater @xkcd, but to "rich FOOLS with little appreciation for their money". A most promising prospect for massive global adoption and project growth, definitely ... 

They just want to keep funding themselves ... and "clients" (not community members) like kleenex: Empty and throw away.

[afbitcoins]

@BirdOnTheWire but it won't happen. Can you really see masternodes voting to limit their own powers. This is why i have concluded Dash does not have a good future. There is always the speculative pump and dump though. Perhaps you time it right.

If a masternode coin is conceived with more limited masternode powers it might be interesting