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

[qwizzie]

Everyone who sells right now is getting out of crypto not just darkcoin. This is the last real valuable project among all alts. I'm not selling. I do not want usd or euro , I prefer crypto

wtf terzo

Infinite monkey theorem

yeah, i really thought he was a bot, thats why i put him on ignore. Damn, now i have to go through all his posts to see if he
made more of these pearls of posts.

[TaoOfSaatoshi]

Small change...

Bumped for awesomeness...A lot of people REALLY love this logo, FWIW...

[toknormal]

Does anyone remember when colour TV arrived ?

One of the BIG selling points of colour TV was that it was...."colour". Entire brands based their whole existence on the fact that they had a colour TV.

Well, think of 'anonymity' is to cryptocurrency as 'colour' is to TV. When you haven't got it - hey, it's a big deal. But once you've got it you need some vision to see - where is this going ?

Darkcoin was a great name - make no mistake about it. But it was the 'colour TV' of crypto. The first big feature on top of bitcoin. Once thats under the belt, the players that will stay afloat in this market are those that have the breadth of vision to see that as a staging post.

The real golden nugget that DASH posseses isn't colour TV, it's a dual layer, service oriented network that delivered anonymity and will now start delivering the rest of the roadmap. Thats what's going to propel this baby forward. People can call it whatever they like, and throw as much mud as they like, but nature is nature and nature has always needed harmonic, co-operative action to deliver anything at all.

instrument+player = music
reader+book=understanding
html+css !! = content and form

In 1968, calling your TV brand "Colour TV" must have been pretty cool. In 2015 I'm not to sure

P.S. While I've been writing this, looks like some people are getting tired of waiting for the "crash".....



...+ my favourite new toy, the "On Balance Volume" indicator has turned around (Takes volume into account more than price   )

[Freckleg]

Does anyone remember when colour TV arrived ?

One of the BIG selling points of colour TV was that it was...."colour". Entire brands based their whole existence on the fact that they had a colour TV.

Well, think of 'anonymity' is to cryptocurrency as 'colour' is to TV. When you haven't got it - hey, it's a big deal. But once you've got it you need some vision to see - where is this going ?

Darkcoin was a great name - make no mistake about it. But it was the 'colour TV' of crypto. The first big feature on top of bitcoin. Once thats under the belt, the players that will stay afloat in this market are those that have the breadth of vision to see that as a staging post.

The real golden nugget that DASH posseses isn't colour TV, it's a dual layer, service oriented network that delivered anonymity and will now start delivering the rest of the roadmap. Thats what's going to propel this baby forward. People can call it whatever they like, and throw as much mud as they like, but nature is nature and nature has always needed harmonic, co-operative action to deliver anything at all.

instrument+player = music
reader+book=understanding
html+css !! = content and form

P.S. While I've been writing this, looks like some people are getting tired of waiting for the "crash".....

Tok your posts make me go broke 

[qwizzie]

and it begins .. (tense music is starting in the background, increasing in volume)

[AdamWhite]

i'm starting to think some of these trolls in here have a love / hate relationship with us,
from the outside it looks like pure hate but deep inside they just love lovee loveeeee us.

Yeah, you can almost sense how he's trembling, trying not to cry. All he wants is a hug I think :-)

Instamine!

[PhattyBanks]

otoh just trollin now

[qwizzie]

to AW :

hushhhh child.. we are watching the charts

[iCEBREAKER]

When will Evan take his final decision regarding rebranding?

So long as Evan is the dictator, there is no "final decision."

If dude wakes up tomorrow sick of DASH, he can change the name again.

I think 'Duff's AssCash' has a nice ring to it, and is perfectly descriptive.  

Duff's
Asscash
Shitcoin
Hodler

[qwizzie]

When will Evan take his final decision regarding rebranding?

So long as Evan is the dictator, there is no "final decision."

If dude wakes up tomorrow sick of DASH, he can change the name again.

I think 'Duff's AssCash' has a nice ring to it, and is perfectly descriptive.  

Duff's
Asscash
Shitcoin
Hodler

you seem to have thought about this long and hard .. so long in fact that your not up to date with the news anymore.

[Freckleg]

The last few weeks have brought something quite important as well. The spread on Bitfinex is smaller, there is more volume. Is is becoming the preferred exchange, as it should be. Dash is a top coin, it should be traded high volume / minor spread at a professional platform, that is happening almost over-night

[iCEBREAKER]

Ok I made a simple comparison. Go to google and type DASH. Then do it again and type Darkcoin. You will see what is the difference.
Evan you're a genius coder but a disaster in marketing.
Congrats in killing your own coin by your silly idea of rebranding it to DASH.

I'm out. Good luck everyone.

OMG YOUR BEING NEGARTIVE

QUICK MY FELLOW D(UFF'S ASSC)ASH CULT MEMBERS

IGNORE THE HERETIC

SHUN HIM

SHUN HIM

DO NOT LISTEN

[toknormal]

Tok your posts make me go broke  

Consider it a philosophical observation  

[illodin]

If we reach a point where investors will finally give up chasing anon niche coins that just aren't going anywhere it could be a very good news for DRK DASH. For example there could be many disappointed investors and traders who had high hopes of the Monero pump, but now it just seems to cool off back to its everlasting slow decline. And not to mention other coins who have lost the steam of their first speculation/hype pump and have settled down to their real low market cap valuation. Question is, how long will people keep on playing those games?

You're digging yourself a hole here. If Darkcoin's "instantx" is as good as it is claimed to be, then Bitcoin will adopt it. If not then it's not as good as claimed to be. Bitcoin might not adopt anonymity schemes, but it sure as hell will adopt something that confirms transactions faster without compromising security. Also, Monero is both transparent and anonymous, so saying anon niche is a little bit too shallow(Since it fills two areas, not one).

Are you forgetting Darkcoin's pump to $15 and fall back down to $3? Or the atrocious, "instamined" beginning distribution? Or sub-par anonymity when compared to the other anon schemes(such as Ring Signatures: Monero, ZK-Snarks: Zerocoin/cash), and much more?.

Good try, and fast response. Problem is, bitcoin can't and won't adopt any features masternodes enable. Or they might, but only when faced with extreme threat but at that point it's already too late.

Also something worthwhile to note, every other thread out there talks about DRK DASH and no one gives a shit, but when some other coins are mentioned here I can count seconds when someone will try to retaliate. Being the leader comes with the burden of everyone else trying to piggyback on you.

And wrt "sub-par" anonymity - that must be some sort of confusion on your part. Those other schemes you're mentioning, rely on encryption to make the blockchain unreadable to adversaries. They are hiding everything in the blockchain and hope their algorithms won't ever get broken. Because once they do, everything down to the genesis block will be revealed. DRK DASH has a totally different approach, where it can adjust when/if new threats are revealed.

Furthermore, the anon space in crypto is quickly becoming saturated, so being a one-trick pony (no pun intended) is quickly becoming insufficient.

[iCEBREAKER]

Ok I made a simple comparison. Go to google and type DASH. Then do it again and type Darkcoin. You will see what is the difference.
Evan you're a genius coder but a disaster in marketing.
Congrats in killing your own coin by your silly idea of rebranding it to DASH.

I'm out. Good luck everyone.

Always sorry to see someone go.   Of the may be 2000 or so people that own dark/dash I am expecting close to 50% to jump.  Attrition.  

It's my hope now that instead of being counter culture... We are providing real world solutions for everyday culture... With 100 of thousands of DASH holders.

I'm agree with rebranding, but changing Darkcoin to DASH is the most stupid idea I ever think about.

sleep on it, it will grow on you.  Dash = digital cash trash...how much more perfect can it be?  A product is not about the name, its about the execution.  

There.  I fix.

[qwizzie]

poor troll, posting totally irrelevant posts because he didnt read the latest news

[oblox]

https://github.com/darkcoin/darkcoin/commit/d46cdb64431501a723d611dec6fabf0db891e4a4

Again, not debugged but the team continues to chug on.

[the-baker]

i'm starting to think some of these trolls in here have a love / hate relationship with us,
from the outside it looks like pure hate but deep inside they just love lovee loveeeee us.

Yeah, you can almost sense how he's trembling, trying not to cry. All he wants is a hug I think :-)

Instamine!

There, there. It'll be alright.

Unfortunately, I don't know the emoticon for hugging, so you'll just have to imagine that part :-)


BTW: I'm kind of curious to hear your theory on why a linear coin distribution would be preferable to a logarithmic one, because I can see no good reason for this (and I don't know of any coin where it has worked so far), but that's something for a different thread I guess.

[aleix]

"hero members" trolling hard = uptrend coming

we know that 

[Minotaur26]

Whether people like it or not the name change is the trigger for this... Whatever the tech, its all wrapped up in the brand, tech and community.. If google suddenly changed their name to wobble then it would cause some consternation, we are seeing the same...

If the new name does not work out, like other coins Dark will die.. I dont think that will happen, I subscribe to the more positive view, but the risks did just get greater and for some people those risks may not be ones they can tolerate.....

I dont think this is all down to traders....

Lets see what happens..

Oh I am loving this,  at these prices more people have access to creating masternodes. Below 3,000 dollars is great pricing I am getting ready to get a couple more MNs.  This way new interested investors can create their nodes and no one can say it was too expensive to invest, this is the chance for Average Joe to invest in nodes.

How much revenue does a masternode generate a month approx.?

I will answer you in terms of DASH ROI, the value in FIAT will of course depend on the price.

Requirements

In order to run a Masternode, an investor needs to buy 1000 DRK/DASH as collateral. These coins remain in control of the investor, but he needs to put them into one of his addresses and associate that address with the node.  The network checks that the node is running and that the funds are not moved, this classifies as a valid Masternode and then it is eligible to get paid.  With each mined block on the network a Masternode from the active Masternode list is selected and gets a payment, when all masternodes on the list are paid, the payment cycle starts again.
When there are updates in the software the Masternode operators have 7 days to update to the latest version, after that, they are dropped from the active Masternode list and stop getting paid until they update.

DASH ROI

You can estimate like this:

- Currently Masternodes get 40% of the block reward.

- The minimum block reward in DASH(DRK) is 4.65 DASH at this moment. I will assume difficulty is high enough so that we are dealing with the minimum reward for a worst case scenario situation, sometimes there are blocks with higher rewards. The minimum DASH block reward decreases by 7% annually to avoid abrupt block halvings, that already happened earlier this year so 4.65 DASH will be valid until next year.

- Average block-time in DASH is 2.5 min, so there are ~576 blocks per day. So 576*4.65DASH*40% = 1071.36 DASH alloted for the whole masternode network currently, we need to divide this by the 2300MN active masternodes. This gives us

 ~Monthly masternode income = 13.97 DASH
 ~Current Minimum DASH Annual ROI = 17%*

*This will change and go up throughout this year as the masternode network reward share will continue to increase each month to incentivize node creation following this schedule:



IMPORTANT:

-So in the end it will really be more than my estimation above as the reward share will continue to increase each month until it reaches 60% March 2016.  

-Having said that the number of Masternodes will also likely increase so I think it is safe to say tha the minimum annual return for a node in DASH should be around 20-25 %

-Now the return in FIAT could be a lot more if the coins appreciate in value year to year.

- Finally, and very important you always retain control of your 1000DASH and are able to liquidate them at any point you wish, you would then obviously just stop getting paid.

I really hopes this helps.

Thanks for the detailed explanation, thats exactly what I was looking for.

Cheers.

You are welcome, I like it when people have a genuine interest on the platform. I am tired of the coin vs coin nonsense, I believe in science and business you need to keep an open mind, if not you run the risk of missing opportunities.  

- Check out this article about the Bitcoin decreasing full node issues and lack of incentive, is a real eye opener as to why this is important:  http://www.coindesk.com/bitcoin-nodes-need/

- Also not having a collateral to run a full node, makes it free for people to sybil attack the network and snoop on transactions: http://www.reddit.com/r/Bitcoin/comments/2yvy6b/a_regulatory_compliance_service_is_sybil/

Read those two links and you will no doubt see why this solution is so important.