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

[Nthelight]

Bitcoin broke $20,000. Lift off.

[robertrodriguez]

Bitcoin broke $20,000. Lift off.

yeah but only bitcoin....not the altcoins and not dash. it's very strange how dash was 117 when btc was 19k and when btc is 20+ dash is 100 lol it's the twilight zone or something

[Nthelight]

[Nthelight]

Sweet Dash.

[toknormal]

Bitcoin broke $20,000. Lift off.

yeah but only bitcoin....not the altcoins and not dash. it's very strange how dash was 117 when btc was 19k and when btc is 20+ dash is 100 lol it's the twilight zone or something

Dash has a node network that eats nearly $100,000 per day of blockchain revenue which would otherwise have gone to upwards difficulty adjustments to keep pace with price rises across the chain. To add to the pain, only around $4000 of that is to cover actual operating costs. The rest is just wasted on pure operator profit.

[Nthelight]

...

[qwizzie]

Dash back in the $100 price range and 1 billion dollar marketcap today. Dash is also keeping up rather nicely with Bitcoin and other altcoins today.



Source : messari.io

Now it is just waiting on Bitcoin's blow-off-top with its price and the diversification into Altcoins that should follow after that (this is my personal assumption, the market could react in a totally different way as well).

Edit : Wow, we actually have a Trump fan / Ryan Taylor hater in here.. that is unexspected and a bit disappointing. There goes any respect i had for that person. Definitely no more merit points for you mister !
I guess certain people really do live in an alternative reality where everything gets twisted, the truth gets cut into little pieces and lies get spread through twitter on a hourly basis by Trump and people just accept that,
believe it and support it, even on a crypto-focused forum like this one through two separate posts. Please do not promote Dash through Trump, last thing Dash needs is association with Trump and his bad rep.

So Ryan Taylor should be fired huh ? Maybe we should fire the whole Dash Core Group as well ? Maybe we should do this in the coming months ? Just before Dash Platform & DashPay gets released ?
If this is how discussions about the masternodes / miners rewards are done these days (this low level), i don't want any part in it.

Any more of those kind of posts and it will be instant ignore from me. I have no time or intention to read that kind of crap on this forum, Nthelight.

[toknormal]

I guess certain people really do live in an alternative reality where everything gets twisted, the truth gets cut into little pieces and lies get spread through twitter on a hourly basis.

Maybe you're the one that has "everything twisted".

Things are relative. From the perspective of the deluded, rationality always looks f*d up.

[robertrodriguez]

I guess certain people really do live in an alternative reality where everything gets twisted, the truth gets cut into little pieces and lies get spread through twitter on a hourly basis.

Maybe you're the one that has "everything twisted".

Things are relative. From the perspective of the deluded, rationality always looks f*d up.

of course he is the one twisted and he lives in an alternate reality, we all know this by now. if 100 people tell you to go to sleep....go to sleep you idiot quizzie! this is not your forum here, we don't care what do you want to read or not. go in your cave if you don't want to read, we don't care!  you think that you and your 3-4 friends can argue with hundreds? you don't mean anything to this public forum and you are just a paid troll here and everyone knows this.

[birdonthewire]

So far i have not heard anything negative about Binance (the international exchange, not the US exchange).

LOL ... among firefighters, they don't step on the hose!

Centralized currency scammer invites marginalized and stolen holders to hand over their coins to another centralized scammer like Binance. Any shitty exchange or hosting service can build Shared Mnodes ... but for the scammers who financed themselves for six years by tricking microholders into pouring their capital into the project ... "it's a very complicated implementation ...and more blablabla..." .

Of course ... the day they are stolen ... the DASH Holders, GET FUCKED !!! ( They have already collaborated to fatten "their" treasure chest ... The DAO kidnappers ... to keep sucking !!! )


DASH CRYPTO "REVOLUTION" !!!   DECENTRALIZED !!!   FINANCIAL FREEDOM !!!   YEAH !!!YEAH !!!YEAH !!!  

[Nthelight]

Edit : Wow, we actually have a Trump fan / Ryan Taylor hater in here.. that is unexspected and a bit disappointing. There goes any respect i had for that person. Definitely no more merit points for you mister !

Intention process. It's just a meme. I figured it was kind of funny, but I guess it triggers some people.

I couldn't care less about merit points. That system is completely flawed.
 - Old accounts received merit according to their status, not because of high quality posts they made.
 - People with merit only give merit to posts they like. Quality criticism will receive no merit.
 - It creates an echo chamber where people say what they think people want to hear. Reddit has exactly the same problem.

So after one meme, you decide that I hate Ryan Taylor? I don't.

I guess certain people really do live in an alternative reality where everything gets twisted, the truth gets cut into little pieces and lies get spread through twitter on a hourly basis by Trump and people just accept that and actually believe it and support it even on a crypto-focused forum.

I don't do Twitter. My other post has nothing to do with Trump. There is a reason why people are shifting capital into the crypto space and it's not because governments and financial institutions are doing such a great job. If they were, Satoshi would never have created Bitcoin. My country now has 120% debt versus GDP and zero interest rates on savings accounts. People's savings are being wrecked and there is no real escape for ordinary people other than considering a risky move into crypto. Most people are completely clueless as to how the world works or what goes on.

So Ryan Taylor should be fired huh ? Maybe we should fire the whole Dash Core Group as well ? Maybe we should do this in the coming months ? Just before Dash Platform & DashPay gets released ?

If Ryan Taylor's store of value analysis is wrong, he may have made things worse. Any CEO who makes a capital mistake should be fired.

I'm worried that our 'base economics layer' is parameterized in a way that provides continuous down pressure on price. There is no serious influx of money to set up new masternodes, but masternodes continue to have a high return no matter what happens.

We have a design that deviates strongly from Bitcoin. Our design is unique and provides undeniable benefits, but we should not pretend it is perfect.

There are clear indications in my opinion (and others) that the recent change will make things worse. My initial assessment of Ryan's tokenomics in 2019 was that it was flawed.
I was very worried about the intent to move away from the oldskool way of thinking, which is that a (100%) Proof of Work mining model (and the cost involved) pushes price upwards.

I countered toknormal's statements and point of view here on bitcointalk, so he could give a more convincing explanation. With the insight into 'total network cost' which translates into a 'hidden transaction cost' it has become more clear that it's likely true that high masternode revenues actually provide continuous downward pressure on the price.

Masternode revenue can be dumped at any price. Miners need a high price.

There is probably truth in the statement that "price finds an equilibrium around its production cost (with a slight margin)".

I love Dash, but I'm very open to criticism. Blind faith will not get us to where we want to go.

If this is how discussions about the masternodes / miners rewards are done these days (this low level), i don't want any part in it.

You don't really discuss any of the points that are brought up. You make attempts to counter some elements and ignore everything else.

Any more of those kind of posts and it will be instant ignore from me. I have no time or intention to read that kind of crap on this forum, Nthelight.

Ignoring people is a sign of weakness.

The Dash community should welcome diversity of opinion and not always be so defensive when someone deviates from the "consensus".

[Nthelight]

So far i have not heard anything negative about Binance (the international exchange, not the US exchange).

LOL ... among firefighters, they don't step on the hose!

Centralized currency scammer invites marginalized and stolen holders to hand over their coins to another centralized scammer like Binance. Any shitty exchange or hosting service can build Shared Mnodes ... but for the scammers who financed themselves for six years by tricking microholders into pouring their capital into the project ... "it's a very complicated implementation ...and more blablabla..." .

Of course ... the day they are stolen ... the DASH Holders, GET FUCKED !!! ( They have already collaborated to fatten "their" treasure chest ... The DAO kidnappers ... to keep sucking !!! )


DASH CRYPTO "REVOLUTION" !!!   DECENTRALIZED !!!   FINANCIAL FREEDOM !!!   YEAH !!!YEAH !!!YEAH !!!  

You seem really obsessed about Dash. It's not good for your health ;-)

A lot of your statements are negative hyperbole (hate) which have no basis in reality. Maybe you should try to take it down a notch or two if you want people to actually read what you're saying.

[qwizzie]

Edit : Wow, we actually have a Trump fan / Ryan Taylor hater in here.. that is unexspected and a bit disappointing. There goes any respect i had for that person. Definitely no more merit points for you mister !

Intention process. It's just a meme. I figured it was kind of funny, but I guess it triggers some people.

There was a time i thought Trump was funny, now i just think he is dangerous, extremely dangerous. So yes, promoting Dash through using Trump memes is something i think we should try to avoid in here.
And yes, i may have mistaken your two trump memes in twose two seperate posts, as a sign of a you being a firm Trump supporter, with a drive to extend that Trump support to this forum.
Which means i may have overreacted in my previous post.  

I and many others have countered toknormal so many times this year that i lost count, so i am no longer interested in countering any blockreward allocation change discussion point.
Frankly that ship has long sailed.

If people like you and toknormal can not come to terms with the blockreward reallocation change being massively supported by masternode operators and feel that by
keeping a laserfocus attention on this specific topic in here will somehow make a difference, by all means please continue. And if you want to keep it as low level as you
recentely started to, by focussing on one specific person (Ryan Taylor), then by all means continue.

I will just ignore your posts then, no big deal. In the end i want to read something interesting and new on this forum, not a constant rehashing of old arguments on one specific topic.
It gets boring after awhile. It does not mean i necessarily put you on ignore, just that i will stop paying attention to your posts.
Same as with posts of toknormal on that specific topic. I am pretty done with the whole blockreward allocation change topic by now.

Little bird up there i do have on ignore, just to protect my ears (little bird sings some pretty ugly songs).

[birdonthewire]

So yes, promoting Dash through using Trump memes is something i think we should try to avoid in here.

So...Make a proposal ... you already paid for the persecution and censorship of dissidents with funds from the DAO delivered to DASH NEWS, garbage men, that none of the crypto principles that you touch remain clean.


Well, well ... now the arrogant who trolled and ridiculed the others, even in group ... you ignore me ? Where are your arrogant scorn, my friend? Has the cat eaten your tongue, my boy?

You troll TokNormal because he believes that DASH can be changed from within, saving forms against your shameless shenanigans ... and it is not like that and also ties him hand and foot in the middle of a consensus of corrupt people sharing their cake. The first thing that inmoral scammers who loot the collective wealth that they manage, like any political class in the world robbing the public administrations they hijack, distort the rules and the gaming table, turning it into a closed LOOP in favor of the cheaters.

[Nthelight]

@toknormal.

Aside from the MINER/MN/DCG/OTHER split...

Just for discussion purposes. Can I pick your brain on the following points?

1. What do you think about the yearly -7% miner reduction scheme? Bitcoin uses a halving (-50%) scheme every 4 years and there seems to be a general consensus that it creates strong upwards pressure on the price. Some time after the halving, price seems to strongly push higher. It almost confirms that the pure PoW mining model pushes price higher as inflation decreases and mining competition increases. Also, it leads to a reduced emission rate which is significantly slower than Bitcoin and other coins. How would you assess the impact of increasing the miner reduction scheme (possibly in combination with increased miner share)?

2. How would you feel if Dash reduces the capital requirement for setting up a masternode, in the absence of protocol level shared masternodes? Clearly, this forms a high barrier to enter our service provisioning market (masternode network) and not everyone wants to use 3rd party shared masternode services (they should only do that if they are willing to take on the risk). Would you agree that reducing the capital requirement for masternodes should lead to an increased influx of investment? Seems like a no brainer to be honest if we want to see more "investment" into masternodes. With people like birdonthewire going mental about not being able to enter the 'centralized scam' masternode network, I think it would be time to consider it. I believe there is also no longer any technical constraint to manage a much larger masternode list (since DIP003), but the devs would need to confirm that again.

3. What do you think about the previously discussed idea to move the decimal backwards which would lower price per coin with a factor 100 for example? So if 1 Dash equals $100, it would become 100 Dash equals $100 or 1 Dash equals $1. It is not my personal preference, but during the 2017 pump to +$1500 it became quite clear that it provides a psychological barrier for potential investors who really want to own full units and simply don't understand the relation of our price with our extremely scarce supply. We simply don't have the recognition that Bitcoin has and some people erroneously feel like the price is high without understanding the mechanism behind it. Price is actually very cheap, given our total supply is going to be one of the lowest of the entire crypto space, but new investors don't see or understand it.

[qwizzie]

2. How would you feel if Dash reduces the capital requirement for setting up a masternode, in the absence of protocol level shared masternodes? Clearly, this forms a high barrier to enter our service provisioning market (masternode network) and not everyone wants to use 3rd party shared masternode services (they should only do that if they are willing to take on the risk). Would you agree that reducing the capital requirement for masternodes should lead to an increased influx of investment? Seems like a no brainer to be honest if we want to see more "investment" into masternodes. With people like birdonthewire going mental about not being able to enter the 'centralized scam' masternode network, I think it would be time to consider it. I believe there is also no longer any technical constraint to manage a much larger masternode list (since DIP003), but the devs would need to confirm that again.

With regards to point 2 : having too many masternodes could slow the masternode network. If the collateral of 1000 Dash would be cut to 500 Dash
and our current masternode operators double their masternodes because of this, we could be looking at close to 10.000 masternodes. That could be too much for our network.

I am not sure how exactly or where exactly it could slow down, maybe in the block propagation area or in the quorum area or with Chainlocks perhaps?
Also the time between MN payments would double (from 8,5 days to roughly 16 days).

I know another Dash Community member in here was also entertaining that thought, and i did not respond to that. But now that its getting raised again, i seem to recall that there are technical limitations
to our number of masternodes and the network still running efficient and fast. Get too many masternodes active on the network and it will negatively effect the network .. somehow.  

Edit : found the post in question, where this was asked and answerred.


Source : https://www.dash.org/forum/threads/temporary-measures-quick-wins.49138/#post-219044

So a very large increase in number of masternodes (double number of masternodes for example), could have an negative effect on Dash scalability and speed.
While a slow and limited increase in number of masternodes (as is currently foreseen) is much less of a problem.    

At least that is how i read it.

[Nthelight]

Edit : Wow, we actually have a Trump fan / Ryan Taylor hater in here.. that is unexspected and a bit disappointing. There goes any respect i had for that person. Definitely no more merit points for you mister !

Intention process. It's just a meme. I figured it was kind of funny, but I guess it triggers some people.

There was a time i thought Trump was funny, now i just think he is dangerous, extremely dangerous. So yes, promoting Dash through using Trump memes is something i think we should try to avoid in here.
And yes, i may have mistaken your two trump memes in twose two seperate posts, as a sign of a you being a firm Trump supporter, with a drive to extend that Trump support to this forum.
Which means i may have overreacted in my previous post.

I'm surprised that you wouldn't want millions of Trump supports to join Dash, because of some personal stance on Trump.

We could only dream of such an influx. Dash would probably pump to $10,000.

 
I and many others have countered toknormal so many times this year that i lost count, so i am no longer interested in countering any blockreward allocation change discussion point.
Frankly that ship has long sailed.

What is then the final convincing argument?

"We don't need all that hashrate, miners dump, masternode owners are holders ... " ?

If people like you and toknormal can not come to terms with the blockreward reallocation change being massively supported by masternode operators and feel that by keeping a laserfocus attention on this specific topic in here will somehow make a difference, by all means please continue. And if you want to keep it as low level as you recentely started to, by focussing on one specific person (Ryan Taylor), then by all means continue.

I actually want to talk about anything. Toknormal only wants to talk about the split. I'm actually disappointed to see almost no talk on Dash Platform. Hopefully that changes around drastically when it's on testnet and we can experience it for ourselves. Really, I'm very excited about it and still see a very bright future for Dash.

I will just ignore your posts then, no big deal. In the end i want to read something interesting and new on this forum, not a constant rehashing of old arguments on one specific topic. It gets boring after awhile. It does not mean i necessarily put you on ignore, just that i will stop paying attention to your posts. Same as with posts of toknormal on that specific topic. I am pretty done with the whole blockreward allocation change topic by now.

Little bird up there i do have on ignore, just to protect my ears (little bird sings some pretty ugly songs).

I understand and even asked him not to be 'laser focused' on it. I tried to change the subject towards Dash Platform, but toknormal seems to ignore everything that is not about the split. He feels really strongly about his point of view and I share his concern, so I didn't mind rehashing the topic. Don't think I'm personally stuck on this topic. I'm honestly still waiting for the actual release of Dash Platform to go into shill mode. DCG is cutting it close again.

To be honest, you know what's really boring qwizzie? You being the only who posts here. This thread was dead and it's coming back to life. If more people would join, it could become something again. Let's get it rolling again. Outsiders don't know what is going on in the Discord(s) and at least we get some views here from people who want to check the latest on Dash and see that Dash is still alive.

Feel free to ignore anyone you want. I won't. I look forward to your excellent 'Legendary' posts.

[Nthelight]

2. How would you feel if Dash reduces the capital requirement for setting up a masternode, in the absence of protocol level shared masternodes? Clearly, this forms a high barrier to enter our service provisioning market (masternode network) and not everyone wants to use 3rd party shared masternode services (they should only do that if they are willing to take on the risk). Would you agree that reducing the capital requirement for masternodes should lead to an increased influx of investment? Seems like a no brainer to be honest if we want to see more "investment" into masternodes. With people like birdonthewire going mental about not being able to enter the 'centralized scam' masternode network, I think it would be time to consider it. I believe there is also no longer any technical constraint to manage a much larger masternode list (since DIP003), but the devs would need to confirm that again.

With regards to point 2 : having too many masternodes will slow the masternode network. If the collateral of 1000 Dash would be cut to 500 Dash
and our current masternode operators double their masternodes because of this, we could be looking at close to 10.000 masternodes. That would be too much for our network.

I am not sure how exactly or where exactly it slows down, maybe in the block propagation area or in the quorum area or with Chainlocks perhaps?
Also the time between MN payments would double (from 8,5 days to roughly 16 days).

I know another Dash Community member in here was also entertaining that thought, and i did not respond to that. But now that its getting raised again, i seem to recall that there are technical limitations
to our number of masternodes and the network still running efficient and fast. Get too many masternodes active on the network and it will negatively effect the network .. somehow.  

Edit : found the post in question, where this was asked and answerred.


Source : https://www.dash.org/forum/threads/temporary-measures-quick-wins.49138/#post-219044

So a very large increase in number of masternodes (double number of masternodes for example), could have an negative effect on Dash scalability and speed.
While a slow and limited increase in number of masternode (as is currently foreseen) is much less of a problem.    

At least that is how i read it.

Ok, thanks for digging up Ryan's (or DCG's) point of view on it. Appreciate it. He does say 'slightly' which is subjective, but indicates minimal effect. Important point is that he assessed the effect to be logarithmic and not linear. It would be good to have a deeper (technical) analysis on it, like you say, in what sense it affects block propagation, quorum management and so on. This could be used to counter anyone asking to lower the capital requirement for masternodes, because today I presumed that there was no longer any reason to not do this.

I wonder if he took into consideration the point that this creates a barrier to entry. With Dash price rising it will become even more so.

If DCG's argument is convincing, then the only option left to have more people enter the masternode network is by implementing shared masternodes on protocol level (at least without having them take on risk).

As Ryan states, I'm fully aware that we have more than enough masternodes already giving our actual usage, but if we really want people to buy more dash for masternodes, then we don't have many options.

Do we know how many masternodes are already running in 3rd party shared masternode services? (Crowdnode has 25).

[qwizzie]

2. How would you feel if Dash reduces the capital requirement for setting up a masternode, in the absence of protocol level shared masternodes? Clearly, this forms a high barrier to enter our service provisioning market (masternode network) and not everyone wants to use 3rd party shared masternode services (they should only do that if they are willing to take on the risk). Would you agree that reducing the capital requirement for masternodes should lead to an increased influx of investment? Seems like a no brainer to be honest if we want to see more "investment" into masternodes. With people like birdonthewire going mental about not being able to enter the 'centralized scam' masternode network, I think it would be time to consider it. I believe there is also no longer any technical constraint to manage a much larger masternode list (since DIP003), but the devs would need to confirm that again.

With regards to point 2 : having too many masternodes will slow the masternode network. If the collateral of 1000 Dash would be cut to 500 Dash
and our current masternode operators double their masternodes because of this, we could be looking at close to 10.000 masternodes. That would be too much for our network.

I am not sure how exactly or where exactly it slows down, maybe in the block propagation area or in the quorum area or with Chainlocks perhaps?
Also the time between MN payments would double (from 8,5 days to roughly 16 days).

I know another Dash Community member in here was also entertaining that thought, and i did not respond to that. But now that its getting raised again, i seem to recall that there are technical limitations
to our number of masternodes and the network still running efficient and fast. Get too many masternodes active on the network and it will negatively effect the network .. somehow.  

Edit : found the post in question, where this was asked and answerred.


Source : https://www.dash.org/forum/threads/temporary-measures-quick-wins.49138/#post-219044

So a very large increase in number of masternodes (double number of masternodes for example), could have an negative effect on Dash scalability and speed.
While a slow and limited increase in number of masternode (as is currently foreseen) is much less of a problem.    

At least that is how i read it.

Ok, thanks for digging up Ryan's (or DCG's) point of view on it. Appreciate it. He does say 'slightly' which is subjective, but indicates minimal effect. Important point is that he assessed the effect to be logarithmic and not linear. It would be good to have a deeper (technical) analysis on it, like you say, in what sense it affects block propagation, quorum management and so on. This could be used to counter anyone asking to lower the capital requirement for masternodes, because today I presumed that there was no longer any reason to not do this.

I wonder if he took into consideration the point that this creates a barrier to entry. With Dash price rising it will become even more so.

If DCG's argument is convincing, then the only option left to have more people enter the masternode network is by implementing shared masternodes on protocol level (at least without having them take on risk).

As Ryan states, I'm fully aware that we have more than enough masternodes already giving our actual usage, but if we really want people to buy more dash for masternodes, then we don't have many options.

Do we know how many masternodes are already running in 3rd party shared masternode services? (Crowdnode has 25).

I also think the masternode collateral serves as protection against sybil attacks. Maybe you remember this one ? https://www.youtube.com/watch?v=bz6rFZQywOE
I have no idea how many masternodes are already running in 3rd party shared masternode services.

[birdonthewire]

I also think the masternode collateral serves as protection against sybil attacks. Maybe you remember this one ? https://www.youtube.com/watch?v=bz6rFZQywOE
I have no idea how many masternodes are already running in 3rd party shared masternode services.

Far fewer than the REAL community that you promised, stole, marginalized and kicked out from your centralized trap would have set up. The original project was going like a shot ... until 4 arrogant conceits wanted to appropriate the chicken of golden eggs changing the rules in the middle of the game and centralizing the project. It wasn't all Evolution's subsidized botch.

And having MILLIONS of holders defending and expanding the currency. Like another BTC...and optimized. But calm ... you keep your money and "have no idea". Why bother?

Of course ... there is at least the poetic justice that the Mnodes have their tokens at a price of shit. Thieves ... of cow dung. Great artists. The great Mnodes and his stupid track record of decisions and cheating  are like the agronomist's dog: he neither eats nor allows others to eat.

By the way ... your "BTC wealth expansion to altcoins" theory is that, theory. BTC is no longer reliant on pumping & dumping on altcoins ... it is even dropping its dependence on Tether for Wall Street blessings and infinite fiat. A wall street that has a thousand options in crypto before enriching some redneck scammers who believed themselves to be the kings of the Mambo.

In any case, what experience says is that BTC can steal all the wealth of the rest when it wants, more the more speculative capital it has ... while you make up a ridiculous approach as a store of value solution. It is not that it is bad or good ... it simply DOES NOT AFFECT that objective, it is an excuse to cover up negligence and shenanigans ... and benefit (miserably) the accomplices of the robbery with their crumbs.

Any attempt to reinforce DASH, to endow it with stability ... has been sidelined from the debate for years by RTaylor, DASH NEWS and the whole cheating gang.