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

[GrandMasterDash]

Dash concept: One Dollar One Vote Governance
https://app.dashnexus.org/proposals/one-dollar-one-vote-governance/overview

What do you think?

I'd rather see voting opened up to anyone who holds DASH. Every vote would be weighted based on the average balance of the voting address over the last 30 days before the voting deadline. This would decentralize voting and help alleviate the elitist perception.

That's fair enough and I would of proposed that if I thought it would work. But the problem is, you're describing a proof of stake system with potential abuse from whales. And there's also the problems of lack of participation and weight. That's why I thought to anchor a small amount of dash to a username, because then a whale would have to register millions of usernames and make appropriate deposits. Not impossible but it would become patently clear what was happening and we could respond accordingly.

[toknormal]

Apparently, when I studied accounting, they taught it different to you.

No they didn't. It's just that you're apparently not able to turn what they taught you into a well reasoned argument, let alone a quantified one, that promotes your case which is why you need to resort to dismissive troll-like soundbites such as "Apparently, when I studied accounting, they taught it different to you".

[robertrodriguez]

if any whales here.... do something and get Dash to 18th again (even if for 1 day) so people can get out of this nightmare

[GrandMasterDash]

Apparently, when I studied accounting, they taught it different to you.

No they didn't. It's just that you're apparently not able to turn what they taught you into a well reasoned argument, let alone a quantified one, that promotes your case which is why you need to resort to dismissive troll-like soundbites such as "Apparently, when I studied accounting, they taught it different to you".

And your "Go and study accounting before you go any further with your delusions." is a well reasoned argument? C'mon, I'm pretty sure you can do better than that.

The quantified argument is written in code. If you don't like the code, don't use it. Damn, there I go again with another sound bite.

[toknormal]

And your "Go and study accounting before you go any further with your delusions." is a well reasoned argument?

As I think you know, that wasn't my "reasoned argument". These are....

...on why "Hacking" Security ("chainlocks") isn't a substitute for "Monetary" Security
https://bitcointalk.org/index.php?topic=421615.msg55974559#msg55974559

...on "driving with the brakes on" how Dash protocol encourages miners to recover lost reward through running masternodes, thereby negating any effect of throttling supply to miners
https://bitcointalk.org/index.php?topic=421615.msg55573119#msg55573119

...on Why comparisons with Previous Trading "bottoms" are not Valid
https://bitcointalk.org/index.php?topic=421615.msg56048260#msg56048260

...on why capital gain on collateral must be taken into account when measuring "ROI"
https://bitcointalk.org/index.php?topic=421615.msg55857801#msg55857801

...on what investors are investing in and which aspects of the blockchain delivers them
https://bitcointalk.org/index.php?topic=421615.msg55813271#msg55813271

...on the statutory dimension to overpaying masternodes: they are tax inefficient and attract selling pressure
https://bitcointalk.org/index.php?topic=421615.msg55732188#msg55732188

...then there's always this for measuring how the market likes to price in our relative mining deficit which forms the basis of Dash's new "Store-of-Value" remedy

[AzzAz]

...................Those rewards were 100% mined...................

Wat? We are not in 2014 premine stage, its 2021 and masternotes have majority reward and dictate.

Well I could of worded it better but no, they were not actually all mined already :-p I meant to say, there is no proof of stake thing going on here. Nakamoto consensus is the baseline, masternodes don't mint coins out of thin air and the mining schedule is fully known. Bitcoin has nodes, dash has nodes, distribution is better in dash.

As for dictate, I have no idea what you're talking about. F?ck the reward, I'd be here if it was 25% or less. A lot of MNOs are still here even when they took a 95% hit. You might want to say thank you for supporting the network when end users were free to sell at any price without penalty. Masternodes are not some magical entity, they are the same as bitcoin nodes except they are collateralized to build a reputation network.

You talk about some things right, then you miss some , then you draw conclusion.  Well, problem is those you missed. And conclusion is wrong.
Take it from somebody who is here from xcoin times and is ex MN owner. Happy ex , sorry. Still watching and waiting for changes.
 Changes in right direction that day by day are more and more far away...
To all MN owners: take one minute to think about greed. A specific DASH MN owners greed. That is holding a great coin down.

[espressodelisi]

if any whales here.... do something and get Dash to 18th again (even if for 1 day) so people can get out of this nightmare

We had a big whale named otoh hodling about 500BTC worth of DASH, but it was many years ago.
I think I should get the clue and sold when otoh left.

[Pang.]

It is evident that the opportunity cost of having maintained Dash for a holder, compared to many other currencies, has been very high.

BTC, BCH, LTC, ETH, Doge, XMR ...

The bear market is being very long, and it is difficult not to lose calm when seeing projects with less development, or less use, obtain better returns than Dash.

BTC again breaks those $ 40,000, if Dash had reacted as in the previous exit of 2017 with BTC at 20,000, now we should be around $ 3000, however, the loss of investment and the attraction of money has left behind those times of great price increases.

accumulation in Dash?

Well, it's hard to say. For example, we have the same number of master nodes as in January 2019, the problem is that millions more coins have been mined that have not been destined to increase that number, which should now be around 5,250 nodes.

This means that we lack 400,000 coins in stacking to compensate for the nodes that we have and those that we expected to have.

I repeat what I said the other day. I think BTC will approach $ 50,000 and then it will go to $ 10,000 or maybe something else. The bear market, don't forget it will return, it could take a heavy toll on Dash if we don't fly higher now.

A Dash at $ 20 will hardly have a budget to improve if we compare it with a Dash at $ 500 for example.

Budgeting isn't everything, but it is very important for a self-financing currency.

There is little left for BTC at 50,000, only 20% ... Dash is missing to catch up and prepare for the bear market to reach $ 500 or 5X, something I doubt it will achieve before BTC begins to fall.

I hope I am wrong and that Dash goes against the current, since March 2017 we have lost capitalization against BTC, and I do not think we will change that for now.

Therefore, I will cross my fingers to see a Dash comeback before BTC reaches $ 50,000, otherwise, it will be necessary to wait possibly a long time to have joys again.

Greetings and cheers.

[AzzAz]

if any whales here.... do something and get Dash to 18th again (even if for 1 day) so people can get out of this nightmare

We had a big whale named otoh hodling about 500BTC worth of DASH, but it was manoy years ago.
I think I should get the clue and sold when otoh left.

...and that was at the time when BTC forked and split ( that made DASH attractive )! LTC, ETH, ETC have whales, DASH have only MN owners...

[xkcdd]

I'd rather see voting opened up to anyone who holds DASH. Every vote would be weighted based on the average balance of the voting address over the last 30 days before the voting deadline. This would decentralize voting and help alleviate the elitist perception.

This is a great idea and exactly what crowdnode offer where you can vote with less than 1000 DASH, you should check it out at crowdnode.io 

[robertrodriguez]

if any whales here.... do something and get Dash to 18th again (even if for 1 day) so people can get out of this nightmare

We had a big whale named otoh hodling about 500BTC worth of DASH, but it was manoy years ago.
I think I should get the clue and sold when otoh left.

...and that was at the time when BTC forked and split ( that made DASH attractive )! LTC, ETH, ETC have whales, DASH have only MN owners...

best comment ever! and %100 true facts!
but it is impossible for Dash to go up in ranks at this time, dash can't even get to $140-$150 and we hope for 500? I said this in November and again I said it in December, even if BTC goes to 50.000 dash will still be $100 - $115. and I was right!  don't ask me why because I can't explain it....there is only one explanation, Dash is slowly dying out.
I bet if BTC goes to 100k, dash will probably be around 125-130. when you fall from 4th place to 40th place..... you are dead!
only the whales can move this coin up...but unfortunately there are none interested in 40th place!

It is evident that the opportunity cost of having maintained Dash for a holder, compared to many other currencies, has been very high.

BTC, BCH, LTC, ETH, Doge, XMR ...

The bear market is being very long, and it is difficult not to lose calm when seeing projects with less development, or less use, obtain better returns than Dash.

BTC again breaks those $ 40,000, if Dash had reacted as in the previous exit of 2017 with BTC at 20,000, now we should be around $ 3000, however, the loss of investment and the attraction of money has left behind those times of great price increases.

accumulation in Dash?

Well, it's hard to say. For example, we have the same number of master nodes as in January 2019, the problem is that millions more coins have been mined that have not been destined to increase that number, which should now be around 5,250 nodes.

This means that we lack 400,000 coins in stacking to compensate for the nodes that we have and those that we expected to have.

I repeat what I said the other day. I think BTC will approach $ 50,000 and then it will go to $ 10,000 or maybe something else. The bear market, don't forget it will return, it could take a heavy toll on Dash if we don't fly higher now.

A Dash at $ 20 will hardly have a budget to improve if we compare it with a Dash at $ 500 for example.

Budgeting isn't everything, but it is very important for a self-financing currency.

There is little left for BTC at 50,000, only 20% ... Dash is missing to catch up and prepare for the bear market to reach $ 500 or 5X, something I doubt it will achieve before BTC begins to fall.

I hope I am wrong and that Dash goes against the current, since March 2017 we have lost capitalization against BTC, and I do not think we will change that for now.

Therefore, I will cross my fingers to see a Dash comeback before BTC reaches $ 50,000, otherwise, it will be necessary to wait possibly a long time to have joys again.

Greetings and cheers.

best comment ever! and %100 true facts!
but it is impossible for Dash to go up in ranks at this time, dash can't even get to $140-$150 and we hope for 500? I said this in November and again I said it in December, even if BTC goes to 50.000 dash will still be $100 - $115. and I was right!  don't ask me why because I can't explain it....there is only one explanation, Dash is slowly dying out.
I bet if BTC goes to 100k, dash will probably be around 125-130. when you fall from 4th place to 40th place..... you are dead!
only the whales can move this coin up...but unfortunately there are none interested in 40th place!

[moderator's note: consecutive posts merged]

[toknormal]

A coin can go to effectively zero and still have its fanbase intact posting great things about it. That's the difference between investors and mascots. Investors make critical appraisals based on investment criteria who's priority is capital gain. Mascots are only interested in shielding their religion from criticism.

https://talk.peercoin.net/t/listing-peercoin-on-coinbase/10333/2

Remember that Dash can go to zero and still have 5000 masternodes. Those folks are all still "minting" away with their stash locked up in wallets. But the whole marketcap is only worth as much as the last traded value.

[robertrodriguez]

you can lie to yourself if you want.... there is no fanbase, zero, none!  dash has 2-3 comments and 10 views on all postings and only 10 people who write here. what fanbase?
look at dash news on twitter, reddit, etc.... zero comments, zero likes, zero everything compared to all the good coins. you wanna see a real fanbase? look at xrp, they are doing very bad right now but please only look at the comments on twitter and reddit, how hundreds and hundreds of messages they have in 24hrs compared to dash. dash  is an ant compared to xrp, eth, ltc, bch, xmr and the list goes on.......

[aleix]

Building dApps On Dash: An Interview With readme
https://hackernoon.com/building-dapps-on-dash-an-interview-with-readme-ay3a342g

[Pearls Before Swine]

The only real difference between Bitcoin's (and LTC's, BCH's, etc) coinjoin and Dash's to my knowledge is a question of trust.

Trust?  Out of all the coins you mentioned, I don't think I'd be at any risk of having them stolen or manipulated simply by owning them, i.e., there's no one you or I need to trust in order to use btc, Dash, LTC, BCH or any number of cryptos.  The Dash premine thing is ancient history as far as I'm concerned and I personally think it makes for a superior cryptocurrency as compared to, let us say, bitcoin.  Now don't flame me as a heretic, but the chance that a Dash payment is going to get hung up in the network for hours to days is unlikely, nor is it likely you are going to have to pay an exorbitant fee to send any amount of Dash.  That simply isn't true for bitcoin.

My paper wallet is doing nicely I might add.  I actually get aroused when I look at my ranking on the 'rich list'.  Dash to the moon, baby!!

[jdmcg]

The only real difference between Bitcoin's (and LTC's, BCH's, etc) coinjoin and Dash's to my knowledge is a question of trust.

Trust?  Out of all the coins you mentioned, I don't think I'd be at any risk of having them stolen or manipulated simply by owning them, i.e., there's no one you or I need to trust in order to use btc, Dash, LTC, BCH or any number of cryptos.  The Dash premine thing is ancient history as far as I'm concerned and I personally think it makes for a superior cryptocurrency as compared to, let us say, bitcoin.  Now don't flame me as a heretic, but the chance that a Dash payment is going to get hung up in the network for hours to days is unlikely, nor is it likely you are going to have to pay an exorbitant fee to send any amount of Dash.  That simply isn't true for bitcoin.

My paper wallet is doing nicely I might add.  I actually get aroused when I look at my ranking on the 'rich list'.  Dash to the moon, baby!!

You misunderstood me. Using coinjoin for BTC, LTC BCH, etc requires trust as you need to send your coins to a 3rd party mixer and hope they send them back. Dash's coinjoin is decentralized and trustless.

[robertrodriguez]

lol lol lol you prefer to be poor and have coinjoin or any other exclusive features?
with all this features like speed, low fees, innovations, testnet, daps, you name it! best coin in the galaxy, universe! why dash is falling day by day everyday? why?
maybe because nobody cares about that?  ask yourself why.....

[jdmcg]

Dash concept: One Dollar One Vote Governance
https://app.dashnexus.org/proposals/one-dollar-one-vote-governance/overview

What do you think?

I'd rather see voting opened up to anyone who holds DASH. Every vote would be weighted based on the average balance of the voting address over the last 30 days before the voting deadline. This would decentralize voting and help alleviate the elitist perception.

That's fair enough and I would of proposed that if I thought it would work. But the problem is, you're describing a proof of stake system with potential abuse from whales. And there's also the problems of lack of participation and weight. That's why I thought to anchor a small amount of dash to a username, because then a whale would have to register millions of usernames and make appropriate deposits. Not impossible but it would become patently clear what was happening and we could respond accordingly.

What abuse from whales are you concerned about? The whale's vote (like any others) could be weighted by the average balance of their address the previous 30 days before the vote deadline. If they are invested enough to hold that balance, shouldn't they have a voice? And are there many whales who wouldn't be multi-masternode owners anyway?

You could certainly have masternode balances weighted higher based on a reputation score but I wouldn't allow 5x, maybe max 2x as to diminish the perception of centralized power. The idea here is to get more involvement from any and all DASH holders that are willing to get involved and not just masternode owners.

This alone should increase participation.

[toknormal]

You misunderstood me. Using coinjoin for BTC, LTC BCH, etc requires trust as you need to send your coins to a 3rd party mixer and hope they send them back. Dash's coinjoin is decentralized and trustless.

That's a service feature, not a store of value. Bitcoin also has those service features and bitcoin investors don't have to lose their capital to overpaid nodes to receive those services.

It would be nice if Dash could deploy its very significant firepower where it matters - store of value - so investors could feel like they wanted to invest in it again.

In a mined coin, store of value = mining budget. That's all there is to it.

If you've got extra features over another coin with a similar mining budget then you'll get more ranking. But if you overpay for them out of your mining budget then you end up like this:



Why is dash Nº 38 in ranking now ?

Because it's the only mined coin that has to fund its nodes (which cost nothing) from the blockchain. Every other mined coin gets its node network for free. So why is it so perplexing to Dash people that investors don't want to invest in Dash ?

Why does Dash not deploy its (extremely potent) firepower where it matters ?

 • put maximum blockchain budget towards attracting competition for our primary supply (mining)
 • allow that to grow capital gain which funds the Dash TREASURY
 • make Dash nodes competitive against Bitcoin nodes by allowing them to be PROFITABLE (rather than a leech to the entire Dash ecosystem)

Bitcoin does not have profitable nodes. 10% profitability on running a node would give us all the competititivity we need against bitcoin. We don't need all this mad consumption of the blockchain supply by masternodes.

Why do we have to live with the demented Spork 21 protocol when the Dash supply could be deployed much more aggressively against other mined coins ?



Who is actually defending Spork 21 ? That is the question.

The answer is nobody because it's Spork 21 that is destroying Dash. It has to be reversed.

[Pang.]

30 nodes created from bittrex event