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

[toknormal]

Knowing my luck, someone who is not a Dash holder will read this post and mop up the market for Trade Facilitation Services that is emerging in liquidity starved economies.

If only I could know what 'coin' that was going to be

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[coins101]

In case anyone can't see what the open goal is above, what needs to happen is that a large cryptocurrency holder offers to purchase corporate bonds from the Maxi paper mill in exchange for crypto.

Then do the same for his pulp supplier.

The cryptoholder broker will then hold corporate bonds in both companies and will have facilitated the transaction that will keep the mill running for the purchaser and facilitated a sale for the supplier.

They don't have many other options, do they ? (Which is why I say it's an open goal and "if it can't work here it can't work anywhere").

Seems a novel idea I know - using cryptoCURRENCY to facilitate trade. But it might just work in a liquidity starved environment.  

Banks gearing up to steal their depositors money to save their skin.

Link through paywall here ->

They will soon learn.  Blockchain = gov knows where your money is. Go Dark, and the gov hasn't got a clue.

Bitcoin and Dash should come out smelling of roses after this. Bitcoin is bad because exchanges fail and you lose your money.

Well now the tables are turning (unfortunately): keep all your money in a bank, and the banks will steal your money, and no one will face any jail time.

Stop focusing on Greece adopting crypto. We are in the eye of the storm.

Now is the time to get that masternode voting thing going for marketing in Spanish, Italian and Portuguese.

[AlexGR]

Stop focusing on Greece adopting crypto. We are in the eye of the storm.

Now is the time to get that masternode voting thing going for marketing in Spanish, Italian and Portuguese.

Yep, the time to adopt crypto was ...yesterday for Greece. If people don't want to get cut off from international payments, they should be "prepped" and loaded with some crypto. Spain, Portugal, Italy etc can actually buy crypto right now, unlike Greece.

[Tyke]

Please could the community of Dash present their views on this upcoming publication:



I am the author "Christopher P. Thompson"

O thats great, you're done a book on Dash,  I went to order it and its not listed, then I realised you hadn't released it yet,lol  

lol - it will be released in the future.  All I need is lots of time

[toknormal]

Yep, the time to adopt crypto was ...yesterday for Greece. If people don't want to get cut off from international payments, they should be "prepped" and loaded with some crypto. Spain, Portugal, Italy etc can actually buy crypto right now, unlike Greece.

AlexGR

I don't think thats a very useful appraisal. Nobody is ever "prepped and loaded" for anything. Just look at your own country.

Crypto needs to work when people are NOT prepped and loaded otherwise it's useless. I just outlined one scenario where crypto could be deployed without recourse to existing liquidity. If I can think of one in 10 seconds after reading a newspaper article, I'm sure there are a myriad of others.

One of the problems is that we all pontificate on here as if we're miles ahead of everyone else in our thinking - in actual fact we're just as stuck in the mindset as they are.

We project legacy paradigms onto new technology such as the one that you have proposed which is that we need access to an existing monetary medium in order to introduce a new one. I'm sorry but that simply isn't true and the derivatives market is the proof. A quadrilion's worth of monetary media was created without anyone having ever accessed anywhere near that amount in fiat currency.

The example I gave above may be naive in financial engineering terms but it isn't in principle. It represents the very basis on which modern economies work.

I suggest you read it again.

[AlexGR]

Yep, the time to adopt crypto was ...yesterday for Greece. If people don't want to get cut off from international payments, they should be "prepped" and loaded with some crypto. Spain, Portugal, Italy etc can actually buy crypto right now, unlike Greece.

AlexGR

I don't think thats a very useful appraisal. Nobody is ever prepped and loaded for anything. Just look at your own country.

Crypto needs to work when people are NOT "prepped and loaded" otherwise it's useless. I just outlined one scenario where crypto could be deployed without recourse to existing liquidity. If I can think of one in 10 seconds after reading a newspaper article, I'm sure there are a myriad of others.

One of the problems is that we all pontificate on here as if we're miles ahead of everyone else in our thinking - in actual fact we're just as stuck in the mindset as they are.

We project legacy paradigms onto new technology such as the one that you have proposed which is that we need access to an existing monetary medium in order to introduce a new one. I'm sorry but that simply isn't true and the derivatives market is the proof. A quadrilion's worth of monetary media was created without anyone having ever accessed anywhere near that amount in fiat currency.

The example I gave above may be naive in financial engineering terms but it isn't in principle. It represents the very basis on which modern economies work.

I suggest you read it again.

I read it, and in some cases it can work with people thinking outside of the box, but it won't be the rule in a society where even electronic transactions were always frowned upon, compared to cash. And remember, people believe right now that the situation is temporary. When they realize capital controls are here to stay, they'll start seeking alternatives and some will definitely stumble upon crypto. But there are ways that favor the inertia of the old system, like using banks from nearby EU / EZ countries that will seem more "familiar" and "comfortable".

[toknormal]

I read it, and in some cases it can work with people thinking outside of the box

You should read a book called Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers. See the synopsis section.

You would not dismiss that observation as casually as you have just done  

It isn't a question of philosophy or vision, it's a question of need.

(Hint: We are the early adopters - vision was needed. Next come the early majority: the people who NEED the technology but don't have the vision. There is a discontinuity between those two groups which needs to be recognised and a whole new marketing approach required).

[alex-ru]

Greek banks prepare plan to raid deposits
‘Haircut’ of 30% considered on customers’ funds above €8,000
http://www.ft.com/cms/s/0/9963b74c-219c-11e5-aa5a-398b2169cf79.html (not opened)

Cyprus #2 is coming...?

Looks like Dash needs additional promo-site, specially Greek-oriented.

[Mrpumperitis]

I have a scan of a poster for that somewhere!

LOL, only the most insanely fucking spineless / gullible sheeple drones would hand over their PM's to the gov.
I think about 8/9% roughly did back then.
The gov gave them FRN's for it, then hiked up the price.

Some people I feel literally don't have a line in the sand with regards to what they will allow the gov' to get away with.

It all down to fear.....
http://www.conspiracyclub.co/2015/07/02/anonymous-warns-u-s-citizens-to-prepare-for-impending-disaster/    just fkn watch this, ive been saying it for a while but to see this and because of crypto i (  and you guys ) have researched money ,its background, its debt and its fuckin true, usa is fkd and they prob take most of us down with them, VERY VERY SOON. Also makes me think why lawsky left his position as  New York State's first Superintendent of Financial Services for a new job as a Bitcoin advisor. http://nypost.com/2015/05/20/ny-financial-watchdog-ben-lawsky-leaving-to-start-firm/  

also please read....http://www.xat.org/xat/worldbank.html  

im stocking up on crypto , dont care about price if its $1 or $1m per btc, as long as ive got btc and other good crypto.

[TanteStefana2]

In case anyone can't see what the open goal is above, what needs to happen is that a large cryptocurrency holder offers to purchase corporate bonds from the Maxi paper mill in exchange for crypto.

Then do the same for his pulp supplier.

The cryptoholder broker will then hold corporate bonds in both companies and will have facilitated the transaction that will keep the mill running for the purchaser and facilitated a sale for the supplier.

They don't have many other options, do they ? (Which is why I say it's an open goal and "if it can't work here it can't work anywhere").

Seems a novel idea I know - using cryptoCURRENCY to facilitate trade. But it might just work in a liquidity starved environment.  

I don't quite understand.  Are you saying that the factory should make a deal with someone who has bitcoin, to sell them part of their company so that they can use those coins to pay suppliers?   And that the customer (the stores should do the same? 

Unfortunately, it's a catch 22.  They can't get a hold of their cash to buy the crypto in the first place, and I doubt there are any big crypto holders in other parts of the world who want to get involved in the mess.  Or else, please explain how that would work?

[TanteStefana2]

Knowing my luck, someone who is not a Dash holder will read this post and mop up the market for Trade Facilitation Services that is emerging in liquidity starved economies.

If only I could know what 'coin' that was going to be

I guess it's time to send otoh

[toknormal]

I don't quite understand.  Are you saying that the factory should make a deal with someone who has bitcoin, to sell them part of their company so that they can use those coins to pay suppliers?   And that the customer (the stores should do the same?)

Yes. That's exactly what I'm saying.

Unfortunately, it's a catch 22.  They can't get a hold of their cash to buy the crypto in the first place

Tante, you seem to be saying...

A new currency only works if it's backed by the previous one. i.e. Bitcoin/Dash is not a currency unless it can be purchased with Euros

Surely new currency can function on it's own merits. Suppliers who chose to use it will, customers, similarly. The currency isn't the critical aspect of the exchange, the transaction is.

[TanteStefana2]

I don't quite understand.  Are you saying that the factory should make a deal with someone who has bitcoin, to sell them part of their company so that they can use those coins to pay suppliers?   And that the customer (the stores should do the same?)

Yes. That's exactly what I'm saying.

Unfortunately, it's a catch 22.  They can't get a hold of their cash to buy the crypto in the first place

Tante theory:

A new currency only works if it's backed by the previous one. i.e. Bitcoin/Dash is not a currency unless it can be purchased with Euros.

NO: A new currency can function on it's own merits. Suppliers who chose to use it will, customers, similarly. Nobody cares about the currency.

They care about the transation.

My point was that, if you're Greek, your money is stuck in a bank, you can't buy any Bitcoin, DASH, Litecoin, etc... so it doesn't help.  Unless of course, an entrepreneur came and started giving out crypto coin loans to everyone.  Unfortunately, I don't have enough to help one family .  Maybe this will happen?  Maybe someone will open a Bitcoin Bank there and start giving out loans and infuse the economy with liquidity.  Unfortunately, I doubt anyone would do that.

Maybe Satoshi Nakamoto can find his private keys and put that 400,000 btc to some good use!  Maybe I should go visit him, he lives pretty close by ;P  LOL

[24core]

Hamster pool is closing soon and I need a new pool for DASH.

The link on the OP goes to a page that list various pools and the top five don't work.

Can someone please recommend a reliable pool ?

[TanteStefana2]

Hamster pool is closing soon and I need a new pool for DASH.

The link on the OP goes to a page that list various pools and the top five don't work.

Can someone please recommend a reliable pool ?

I just took apart my GPU and oiled the fan - fixed it so far.  Anyway, I joined P2pool.  I don't see why everyone doesn't just join P2pool?

I don't think I've done any mining since September of last year!!!

[Greede]

Hamster pool is closing soon and I need a new pool for DASH.

The link on the OP goes to a page that list various pools and the top five don't work.

Can someone please recommend a reliable pool ?

I could make a pool.

[coins101]

DASH funding proposal:

1 Billboard Ad, showing Greeks lining up outside banks.

As near to the Central Bank of Spain HQ as possible.

Get Digital Cash as insurance against your money being stolen by the bankers.

Get DASH. Before it's too late.

................

Repeat in Italy and Portugal.

The media will love it. 1 roadside ad, plastered around the world's newspapers and TV channels.

[AnonymousEconomist]

If there is anyone here who can wholesale me 2k DASH for 20 btc, send me a PM

[LiteMine]

Hamster pool is closing soon and I need a new pool for DASH.

The link on the OP goes to a page that list various pools and the top five don't work.

Can someone please recommend a reliable pool ?

I've had a great experience with Coinmine.pl, they're consistently finding blocks and process payouts reliably.

[Rux]

Hamster pool is closing soon and I need a new pool for DASH.

The link on the OP goes to a page that list various pools and the top five don't work.

Can someone please recommend a reliable pool ?

I've had a great experience with Coinmine.pl, they're consistently finding blocks and process payouts reliably.

also coinotron is stable DASH pool