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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9672697 times)
Alexey45
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January 19, 2021, 04:28:12 AM
Last edit: January 19, 2021, 04:52:27 AM by Alexey45


 
1) Where are your traders who increase DASH treasury and care about the value of the coin?
2) Where are the marketers who care about a good reputation and a safe investment in DASH?
3) If everything is good in DASH, why aren't we growing?
4) Why BTC, ETH, LTC, LINC and others have grown 10 times or more, but DASH has not grown? Why?
5) Where is the entry in the roadmap about the early restoration of reputation and return to the price of $ 1450

Answer us here for each item!


PS. Given the deep disappointment, it is correct to ask whether there will be a return to the price of more than $ 1000 at all ?
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qwizzie
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January 19, 2021, 08:58:06 AM
Last edit: January 19, 2021, 09:13:54 AM by qwizzie

DASH Price Analysis: DASH aims for a 75% breakout to $250
https://www.fxstreet.com/cryptocurrencies/news/dash-price-analysis-dash-aims-for-a-75-breakout-to-250-202101182119


Source : article


Source : article

1 Dash = $133.48 / €110.70 / 0.003584

Dash is hopefully dashing forward soon.
Onward and upward my preciousss 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
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January 19, 2021, 09:52:26 AM






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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January 20, 2021, 08:38:05 PM
Last edit: January 20, 2021, 10:11:06 PM by qwizzie

Privacy-focused Firo cryptocurrency suffers 51% attack
https://cointelegraph.com/news/privacy-focused-firo-cryptocurrency-suffers-51-attack

Quote
Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.

Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state.

Quote
For the Firo team, the attack was only possible because the project was yet to deploy Chainlocks on the mainnet. A Chainlock is a secondary validation layer that reportedly
mitigates a 51% attack.

According to Yap, with Chainlocks activated, an attacker would need to control at least half of all Firo master nodes in addition to the usual 51% mining hash rate dominance.

Firo has reportedly completed the testing protocols for Chainlocks and is primed for its full deployment in the next few weeks. When integrated, Chainlocks will be the latest protocol
feature added to the project after activating the Lelantus upgrade.

I thought they already implemented Dash's ChainLocks, seems they were still in the middle of testing when the 51% attack took place.
Strange that there is in above article zero reference to Dash, who actually developed ChainLocks.

To refresh our memory :

Zcoin to Copy Dash’s ChainLocks 51% Attack-Proofing
https://dashnews.org/zcoin-to-copy-dashs-chainlocks-51-attack-proofing/
June 17, 2019

Good thing Dash developed and implemented ChainLocks on the Dash network so quickly in 2019, by giving it top priority.
Interesting link :

Andreas Antonopoulos Calls Dash ChainLocks “a Smart Way of” Preventing 51% Attacks
https://dashnews.org/andreas-antonopoulos-calls-dash-chainlocks-a-smart-way-of-preventing-51-attacks/

Andreas Antonopoulos is right, ChainLocks is a smart way of preventing 51% attacks .. once you actually implemented it and have it active on your network.

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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January 21, 2021, 05:05:08 AM


I wanted to shit on this post on this Firo coin. What about DASH?
I threw off half for $ 150, I know that I can't wait for profit from you. You are rotten!
Transferred to XRP coin. Somehow to recoup the losses from investments in fucking damn DASH
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January 21, 2021, 05:29:46 AM

I wanted to shit on this post on this Firo coin. What about DASH?
I threw off half for $ 150, I know that I can't wait for profit from you. You are rotten!
Transferred to XRP coin. Somehow to recoup the losses from investments in fucking damn DASH

LOL, you are a joke.  Keep buying XRP fool!  Sell the rest of your DASH NOW!
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January 21, 2021, 09:57:36 AM
Last edit: January 21, 2021, 10:18:24 AM by qwizzie

Regarding CSW and the Bitcoin Whitepaper
https://bitcoin.org/en/posts/regarding-csw

Quote
Unfortunately, without consulting us, Bitcoin Core developers scrambled to remove the Bitcoin whitepaper from bitcoincore.org, in response to these allegations of
copyright infringement, lending credence to these false claims. The Bitcoin Core website was modified to remove references to the whitepaper, their local copy of the whitepaper
PDF was deleted, and with less than 2 hours of public review, this change was merged. By surrendering in this way, the Bitcoin Core project has lent ammunition to Bitcoin’s enemies,
engaged in self-censorship, and compromised its integrity.

Luckily Dash will never have this problem because Dash took steps to protect the Dash name early on, by registering and owning the Dash trademark.
Source : https://blog.dash.org/the-dash-network-now-owns-the-dash-trademark-34cda78e656e

Dash Core Group can never be put into the same situation that Bitcoin Core developers are right now.
It is an example of Dash proactive thinking.

Proactive: Acting before a situation becomes a source of confrontation or crisis.

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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January 21, 2021, 08:57:34 PM
Last edit: January 22, 2021, 04:59:34 PM by mprep

Chainlocks

Protection against 51% mining attack - YES
Makes hashrate less important - NO



Dash vs Bitcoin#



[moderator's note: consecutive posts merged]
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January 22, 2021, 02:26:51 AM
Last edit: January 22, 2021, 08:55:14 PM by toknormal
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Protection against 51% mining attack - YES
Makes hashrate less important - NO

You can see why by looking at the NET reward ratio rather than the gross which is what I think we should have been focusing on all along. Protocol reward ratio is meaningless on its own because the relative value that miners and masternodes extract from the chain is determined by the price, not the protocol.

It's also meaningless to compare them in terms of "traffic to order books" because the two sectors are totally asymmetric in terms of what the protocol requires them to invest back in the chain. So you're only looking at one side of the equation.

If we look at net reward ratio, all sorts of things emerge that show us the way forward, not least where the "sweet spot" is to avoid asymmetric profitability in network operating margins because the price will just be throttled by the part of the coin supply with the largest available gain. So to get scaleable growth in a heterogeneous supply we need to set (net) margins at parity for all prices as far as possible, otherwise we just hit the same glass ceiling as we did before and never escape it since masternodes go to ridiculously unsustainable profit margins at high prices while not investing anything back in the network (as miners have to).

These monthly-based models are based on a notional 10% mining profitability, current emission schedule, $30 per month masternode hosting costs and assumes all treasury budget awarded. The current 45/45 reward ratio one shows straight away the problem in asymmetric profitability:

(Sidenote: The "Net Reward Ratio" columns below should strictly speaking read "Net Reward Share")




This is made even more acute when we move to a 60/40 one (which corresponds to a 54%/36% respective share of the total reward):




The sweet spot with these constraints turns out to be at exactly 82/08 mining/masternode reward ratio (expressed as respective proportions of the total block reward). People will probably find that alarming, but it's scaleable in a way that the above two just aren't and at $900 per Dash, not only is the masternode reward greater in value than it is at the moment, the collateral is 9 times the value. That is what matters - not the reward ratio but getting to high valuations and MAINTAINING them Wink

Look at the reward per month for the 82/08 ratio. Does it not make sense to make 1 Dash per month at high valuations rather than 5 for a measly $30 operating cost ? Can you seriously see bitcoin giving away 5 BTC per month for peanuts ? We need to reconsider our priorities here if Dash is to ever get above $200 per coin again IMO. Even at the 82/08 ratio, masternodes are still massively profitable with operating margins back above 90% at $400 per Dash.



Note: Y-Axis rescaled.



Constraints: 60/40


Constraints: 82/08
Alexey45
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January 22, 2021, 05:14:58 AM

I wanted to shit on this post on this Firo coin. What about DASH?
I threw off half for $ 150, I know that I can't wait for profit from you. You are rotten!
Transferred to XRP coin. Somehow to recoup the losses from investments in fucking damn DASH

LOL, you are a joke.  Keep buying XRP fool!  Sell the rest of your DASH NOW!
DASH has gangrene and continues to rot.
Unfortunately this project continues to stink of waste.
Here's one example: https://bitinfocharts.com/ru/dash/address/XtbJQV8RWC39gMYsVdbRMCwMBDTAYPP99R
The person has been suffering losses for more than 2 years.
Every day you lose investor confidence.
Fortunately, I transferred the rest of the DASH coins to TRX.
I will pick up DASH for $ 40
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January 22, 2021, 06:40:41 AM

I will pick up DASH for $ 40

and then?   Sell for $20 ?
Alexey45
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January 22, 2021, 09:06:02 AM

I will pick up DASH for $ 40
and then?   Sell for $20 ?
I will listen to your opinion, thank you. In addition, I myself have reminded about the price 100 times here
0.000024 BTC
I will look at the trend and wait for a reversal. Now we are flying to the propost, the Mariana Trench.
In the meantime, I'm flying to the moon on Ripple and Tron
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January 22, 2021, 01:43:32 PM

Why are fees on Bitcoin and Ethereum often so high? | How Dash Fixed It,  Amanda B Johnson

https://www.youtube.com/watch?v=f_Uux9RUtw0

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January 22, 2021, 06:19:26 PM



Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
[moderator's note: This post was deleted but its contents weren't. Due to a violation of either rule 21 or 32 (see https://bitcointalk.org/index.php?topic=703657.0) this post's contents were merged into the first post in a row you've made]

Dash vs Bitcoin#

snip

My post was deleted  because there were two consecutive posts./ That doesn't make sense. One post was not related to the other
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January 22, 2021, 06:26:50 PM


Protection against 51% mining attack - YES
Makes hashrate less important - NO

You can see why by looking at the NET reward ratio rather than the gross which is what I think we should have been focusing on all along. Protocol reward ratio is meaningless on its own because the relative value that miners and masternodes extract from the chain is determined by the price, not the protocol.

It's also meaningless to compare them in terms of "traffic to order books" because the two sectors are totally asymmetric in terms of what the protocol requires them to invest back in the chain. So you're only looking at one side of the equation.

If we look at net reward ratio, all sorts of things emerge that show us the way forward, not least where the "sweet spot" is to avoid asymmetric profitability in network operating margins because the price will just be throttled by the part of the coin supply with the largest available gain. So to get scaleable growth in a heterogeneous supply we need to set (net) margins at parity for all prices as far as possible, otherwise we just hit the same glass ceiling as we did before and never escape it since masternodes go to ridiculously unsustainable profit margins at high prices while not investing anything back in the network (as miners have to).

These models are based on a notional 10% mining profitability, current emission schedule, $30 per month masternode hosting costs and assumes all treasury budget awarded. The current 45/45 reward ratio one shows straight away the problem in asymmetric profitability:

(Sidenote: The "Net Reward Ratio" columns below should strictly speaking read "Net Reward Share")




This is made even more acute when we move to a 60/40 one (which corresponds to a 54%/36% respective share of the total reward):




The sweet spot with these constraints turns out to be at exactly 82/08 mining/masternode reward ratio (expressed as respective proportions of the total block reward). People will probably find that alarming, but it's scaleable in a way that the above two just aren't and at $900 per Dash, not only is the masternode reward greater in value than it is at the moment, the collateral is 9 times the value. That is what matters - not the reward ratio but getting to high valuations and MAINTAINING them Wink

Look at the reward per month for the 82/08 ratio. Does it not make sense to make 1 Dash per month at high valuations rather than 5 for a measly $30 operating cost ? Can you seriously see bitcoin giving away 5 BTC per month for peanuts ? We need to reconsider our priorities here if Dash is to ever get above $200 per coin again IMO. Even at the 82/08 ratio, masternodes are still massively profitable with operating margins back above 90% at $400 per Dash.



Note: Y-Axis rescaled.



Constraints: 60/40


Constraints: 82/08



Excellent post toknormal. I'm not holding my breath for that allocation to go anywhere near the sweet spot though. It just won't. zero chance.
IF if did, I'd reinvest back into dash
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January 22, 2021, 06:54:11 PM
Last edit: January 22, 2021, 10:30:48 PM by toknormal


Excellent post toknormal. I'm not holding my breath for that allocation to go anywhere near the sweet spot though. It just won't. zero chance.

We don't have any choice IMO. We need to get our mining deficit restored ASAP otherwise we'll keep plummeting down the rankings.

When Ryan presented his theory that throttling supply to miners would mean less sell pressure, he missed out a vital dimension which is what miners DO with the fiat they draw from markets. They use it "buy" coins from the new supply thereby creating competition for that supply. Nothing to do with securing the chain, it's implementing scarcity that costs the money. They're selling into the secondary market to be able to buy into the primary market. Ergo very little NET selling pressure. The whole operation makes a small profit if they're lucky.

Masternodes on the other hand create unmittigated selling pressure, because if any MN reward is dumped on markets, the fiat coming the other way does not get re-invested in the chain. We are therefore "spending" pure marketcap on masternode revenues because there's no economic activity associated with it. No synthetic scarcity is created, no blockchain costs covered, no work is done and no monetary velocity is gained in proportion to increasing MN profits.

Why do you think we're struggling to even keep up with Doge in ranking Huh Because we have a mining deficit compared to ALL these coins above us  - Dogue, Monero, the bitcoin forks, Litecoin - all of them. If this doesn't light up people's radars that something is seriously wrong with our protocol reward allocation then they need a shot of adrenalin IMO.

The "locked up in masternodes" idea is good, but the bulk of the coin should be mined first, pass through markets with a cost base that reflects its scarcity and THEN find its way into node collateral. Then a profit element can be fed to the masternode population from a residual component of the supply that corresponds to the optimal profitability balance for maximising capital gain (as determined along the lines of the analyses above).
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January 23, 2021, 06:11:49 AM

I'm still puzzled by DASH miners. Who mines it? Must be somebody that has free energy and free equipment. And nothing else to do.
Is here at this forum any DASH miner? Hello?
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January 23, 2021, 06:45:11 AM

I am puzzled by this statement, care to explain how exactly miners are buying DASH?  Miners sell DASH, they don't buy it.


We don't have any choice IMO. We need to get our mining deficit restored ASAP otherwise we'll keep plummeting down the rankings.

When Ryan presented his theory that throttling supply to miners would mean less sell pressure, he missed out a vital dimension which is what miners DO with the fiat they draw from markets. They use it "buy" coins from the new supply thereby creating competition for that supply. Nothing to do with securing the chain, it's implementing scarcity that costs the money. They're selling into the secondary market to be able to buy into the primary market. Ergo very little NET selling pressure. The whole operation makes a small profit if they're lucky.



Also, you say the masternode owners represent unmitigated selling pressure, but this is false as was demonstrated in prior bull markets.  The Mnode opers have the flexibility to sell almost all their rewards or HODL almost all their rewards, it depends entirely on the sentiment of the community (greed and fear).  As such, turning the sentiment around can have a massive impact on price in the upward direction as the Mnode opers do not have to sell their coins.  We just have to make them get greedy again somehow.
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January 23, 2021, 09:45:45 AM
Last edit: January 23, 2021, 11:45:02 AM by qwizzie

Something tells me that it is toknormal that is selling his masternode rewards at first opportunity. Simply because he was ill prepared for this long and brutal bear market and because
his country's tax policy forces him to do that with his own masternode. The more smart masternode operators who are not restricted by such a hostile crypto tax policy have reserves and can therefore save their masternode rewards, to sell during a bull market. And then you have those masternode operators that do all the above, and also increase their crypto revenue by setting up more masternodes during a bear market.

It is sad to see the same ramblings from toknormal about the already approved and active blockreward reallocation change still occurring, i guess dumping those ramblings throughout most
of 2020 in this forum was not enough, so the ramblings continue in 2021.

Good thing we have the ignore button, i just wish people would stop feeding toknormal so much in this forum.

AzzAz : sold most of his Dash during last bull market and moved on to other coins (BTC & ETH)
Afbitcoins : sold most of his Dash during this bear market, when Dash price was really low
toknormal : ramblings about the blockreward reallocation change for many many many months now, most likely sells his Dash at first opportunity (first big pump) as he posted in the past

None of these people give me the feeling that they are longterm in Dash anymore. Why should we care about posts from people that already sold most of their Dash or stated to do so with first major pomp and just fill their time waiting for that major pump with ramblings about the blockreward reallocation change ?

Selfnote : if i ever plan to sell all my Dash or most of my Dash, please do not sink so low by spreading FUD on the Dash forums like some of the above people have been doing.

With regard to miners :


Source : https://bitinfocharts.com/comparison/dash-hashrate.html#1y

Dash mining hashrate is doing just fine. The blockreward reallocation change (9% of the miners rewards moving towards masternodes in a time period of 4.5 years) has zero effect so far on the hashrate, as predicted by so many people. I doubt the next planned blockreward reallocation (end of February 2021) will change that, or the reallocations that follow after that (every 3 months).
Why miners still mine is simple, because they can. They could in previous Dash bear markets and they can in this one. Nothing more to say about that.

Since the hashrate does not seem effected by the blockreward reallocation change, more desperate-sounding assumptions have been emerging and are presented as facts by toknormal & afbitcoins. Sad times really when people sink this low, in order to try to still prove their pointless points.

It must be frustrating for them to see none of their 'Dash is doomed, miners will abandon Dash' prediction posts come true.



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January 23, 2021, 10:54:37 AM
Last edit: January 23, 2021, 11:58:18 AM by toknormal


I am puzzled by this statement, care to explain how exactly miners are buying DASH?  Miners sell DASH, they don't buy it.

In a mined blockchain, there are two ways to acquire a coin:

 • mine it (the "primary" way, straight out of the chain which is constantly issuing new supply)
 • find someone who already mined on and buy it from them (the "secondary" source)

It's conventional to treat these as two "markets" since they have distinct dynamics, methods of acquisition, and sometimes even pricing. We give the name "mining" to the primary market in crypto but effectivelly, all you're doing is "purchasing" the coin straight out of the chain and paying a price that's commensurate with competing bids. The hashrate is there to mediate those competing bids, so it has the same commercial function as an orderbook on an exchange. You add more hashrate = you move your buy order up the ladder.

When a miner "places" hashrate, they're effectively placing a buy order in the primary market. When they sell on an exchange they're placing a "sell order" in the secondary market. But (most of) the fiat they draw from that sell order just goes straight back into the chain in the form of placing more bids for the new supply (that's by definition what "mining" is). So there's no NET sell pressure. The miner is serving as a broker for secondary buyers and making sure that their demand ends up being transmitted from the secondary market to the primary market, making a small profit as they go.

Contrast that with masternode rewards. Here the "transmission" is broken because while masternodes are "brokers" just as miners are, the secondary market demand does not get transmitted back into the chain. Masternodes do not have to "buy" their coin in the Dash primary market, they get it for free. The fiat that masternode reward sales draw from the secondary market therefore leaves the Dash ecosystem entirely. That's why I say above that sell pressure from masternode rewards is "unmitigated".

That's the source of our "leaky marketcap" and we need to plug it.

Qwizzie's point about "hashrate is doing just fine" is irrelevant. Whatever our hashrate is, it's only applied to half the supply. The other half is "shielded" from that competitive demand. We could have more hashrate than bitcoin for that matter but as long as half the supply keeps emerging at zero difficulty it will still have the same effect on marketcap.
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