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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 7766021 times)
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April 11, 2015, 11:23:48 AM
 #94641


yes no problem
no limit to MN's so far


Any profit calculation for that amount? So basically 3 masternode, not much.


its not about how many masternodes u have, it is depend on the coin value, 2 days ago crave claim their master nodes can produce 11$ per day, now Huh

u can check dash masternodes here : dashninja.pl

u can go to dashtalk.org for more information

 

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April 11, 2015, 11:24:00 AM
 #94642


yes no problem
no limit to MN's so far


Any profit calculation for that amount? So basically 3 masternode, not much.

about
0.47 Dash per day x 3 MN's x 30 Days (month)

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April 11, 2015, 11:25:51 AM
 #94643

Anyone mentioning "Crave" in the same breath as Dash is doing a disservice to Dash.

Crave is NOT a copycat of Dash; it is a Proof of Stake coin.

Proof of Stake and other non-mineable coins like Crave, Shadow, Ripple, NXT, B*SharesX, etc. are ALL scams, by nature. What do I mean by scam?  I mean there is nothing ensuring decentralization.  Nothing you can trust. A coin with no mining is not even a coin or currency, in an economic sense.  It is a non-trustable token of a "public" ledger; at any point it can be 51% attacked/coins stolen/manipulated (see the "nothing-at-stake" attack for technical specifics)

To basically understand why Proof of Stake coins are extremely risky investments, you should first delve into one of the fundamental ecomonic reasons of why real Proof of Work cryptocurrencies like Bitcoin are valuable in the first place.

The value is in the public blockchain that is at once not-fakeable, completely trustable, and decentralized.  The thing that ensures these properties is the Proof of Work, which comes from real (not-fakeable) value invested in mining it, i.e. computational power and electricity.  

Bitcoin is attractive as an investment because it can be trusted, and that in itself gives it value. That is the only reason Bitcoin has a multi-billion dollar market cap.  Smart investors will continue diversivy into real cryptocurrencies like Bitcoin and Dash this because they are real and persistent commodities, like gold.

With a proof of stake coin, you must assume it is compromised. There is no way to ensure otherwise. A "blockchain," you say? An ostensibly public ledger with no mining behind it is not a blockchain in the true sense of Satoshi's invention.  It is not a matter of if, but when someone decides to run away with the money (claiming hacks or whatever... there is no difference between a POS coin and GOX, mintpal, etc.). People are blindly trusting whoever is in control of the coin. That trolls constantly attemt to defame Dash as an instamine/centralized/scam coin speaks volumes to the fact that this is the only reality they actually know (the one where the developers and cohorts always hold all the cards (POS/ICO/2dayPOW/etc) and manipulate unsuspecting investors).

So back to Proof of Work.  Let's use Dash as an example.  Dash is a PoW coin with actual $ of hardware, electricity and effort put into the confirmation of the blockchain and creation of each coin.  As explained above, people invest long term into such coins because they can trust that nobody is able control it and steal people's money.  Add to that the masternode layer of 1000 coins that are trustable due to PoW, then you have real value (collateral) being put into the masternode network as incentive to provide services that give the individual coins themselves even more value due by increasing their fungibility, along with providing countless other services to keep the network healthy and efficent.

Now, say the PoW aspect of Dash did not exist, and the masternodes themselves would find blocks and be rewarded based solely on their 1000Dash collateral, plus the current affordable VPS specs required to maintain one. Now while it is true the VPS represents a modicum of real world value, you have now removed most of the coin's grounding in reality, or rather taken away the value of the coin which is agreed upon in non-crypto world (electricity, hardware power, effort, etc.). With this situation, you can no longer say that the collateral for the masternode network is trustable as value in the sense that you can for a another currency or commodity that is either widely trusted and government manipulated (fiat) or requires no trust (bitcoin).  

What I'm getting at is that the only reason you can trust Dash masternodes is because there is PoW required to ensure the collateral is even worth anything. This whole "Crave" thing is an insult to Dash's truly two-tiered masternode+PoW system by comparison. While I feel sorry for anyone who gets suckered into buying that, SDC, XC, or any of the plethora of other POS coins, I also realize that most people don't take personal responsibility for their money and generally feel the need to entrust others with it, thus creating constant opportunities for scammers.  It is a necessary step in the growing process when new freedoms are born.  



Great post!
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April 11, 2015, 11:32:00 AM
 #94644

- bla bla bla -

dam it is a shame seeing you go from fanboy and ambassador
to ... !
 Cool

I remember that q4q guy writing a very envy message about my extra darkcoin's then he delete it lol. I really like the community that Dash has very firm in their long term investments because they believe in it's features more than any other coin including Bitcoin. So this is a message to bagholder's of this awesome coin don't let the envy of other's get to you time pass's by and this train does not wait for any stop sign.

I sold @ .006 and I am not even mad because It was a bad move by me as I thought Evan could not get that instant X anytime soon so I was hoping it will go back to .004 "Greedy YES" but Evan & he's team proved me wrong which I  am happy to be proved wrong at because I did not think at the time a 1 year old coin should implement things so quick at least to me.


bump

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April 11, 2015, 11:32:28 AM
 #94645

Hi, i got interested with this coin after a lot of DASH holder came to Crave thread after the crash. If i buy DASH now, can i still set my own masternodes with it. Let's say i buy 3000 coin now, can i setup masternodes with it?
If you`re looking for vps and some help starting the nodes  hit me on PM

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April 11, 2015, 11:37:17 AM
 #94646

Any profit calculation for that amount? So basically 3 masternode, not much.
For extended masternode info etc check:
http://178.254.18.153/~pub/Darkcoin/masternode_payments_stats.html

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April 11, 2015, 11:52:45 AM
 #94647


 If you truly feel what you think, perfectly fine to express your thoughts, juts don't be a troll from here on please.


TRANSLATION:

Please please please don't say anything bad about DASH.  We know its a scam but we need the noobs to keep buying so that we can dump our bags so just don't say anything please please.

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April 11, 2015, 11:53:14 AM
 #94648

Sell logo for 0.12 BTC

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April 11, 2015, 12:02:22 PM
 #94649

@BinPool - up and launch - http://dash.binpool.com/

we relaunch our dark pool. payoutsystem - prop, pool fees - 0%

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April 11, 2015, 12:42:35 PM
 #94650

How masternode payment queue works?
Is it by IP address or by dash address?


How can I restart only one MN if I have.. let say MN1, MN2, MN3.. etc. in my masternode.conf started with start-many command?

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April 11, 2015, 01:04:31 PM
 #94651

Anyone mentioning "Crave" in the same breath as Dash is doing a disservice to Dash.

Crave is NOT a copycat of Dash; it is a Proof of Stake coin.

Proof of Stake and other non-mineable coins like Crave, Shadow, Ripple, NXT, B*SharesX, etc. are ALL scams, by nature. What do I mean by scam?  I mean there is nothing ensuring decentralization.  Nothing you can trust. A coin with no mining is not even a coin or currency, in an economic sense.  It is a non-trustable token of a "public" ledger; at any point it can be 51% attacked/coins stolen/manipulated (see the "nothing-at-stake" attack for technical specifics)

To basically understand why Proof of Stake coins are extremely risky investments, you should first delve into one of the fundamental ecomonic reasons of why real Proof of Work cryptocurrencies like Bitcoin are valuable in the first place.

The value is in the public blockchain that is at once not-fakeable, completely trustable, and decentralized.  The thing that ensures these properties is the Proof of Work, which comes from real (not-fakeable) value invested in mining it, i.e. computational power and electricity.  

Bitcoin is attractive as an investment because it can be trusted, and that in itself gives it value. That is the only reason Bitcoin has a multi-billion dollar market cap.  Smart investors will continue diversivy into real cryptocurrencies like Bitcoin and Dash this because they are real and persistent commodities, like gold.

With a proof of stake coin, you must assume it is compromised. There is no way to ensure otherwise. A "blockchain," you say? An ostensibly public ledger with no mining behind it is not a blockchain in the true sense of Satoshi's invention.  It is not a matter of if, but when someone decides to run away with the money (claiming hacks or whatever... there is no difference between a POS coin and GOX, mintpal, etc.). People are blindly trusting whoever is in control of the coin. That trolls constantly attemt to defame Dash as an instamine/centralized/scam coin speaks volumes to the fact that this is the only reality they actually know (the one where the developers and cohorts always hold all the cards (POS/ICO/2dayPOW/etc) and manipulate unsuspecting investors).

So back to Proof of Work.  Let's use Dash as an example.  Dash is a PoW coin with actual $ of hardware, electricity and effort put into the confirmation of the blockchain and creation of each coin.  As explained above, people invest long term into such coins because they can trust that nobody is able control it and steal people's money.  Add to that the masternode layer of 1000 coins that are trustable due to PoW, then you have real value (collateral) being put into the masternode network as incentive to provide services that give the individual coins themselves even more value due by increasing their fungibility, along with providing countless other services to keep the network healthy and efficent.

Now, say the PoW aspect of Dash did not exist, and the masternodes themselves would find blocks and be rewarded based solely on their 1000Dash collateral, plus the current affordable VPS specs required to maintain one. Now while it is true the VPS represents a modicum of real world value, you have now removed most of the coin's grounding in reality, or rather taken away the value of the coin which is agreed upon in non-crypto world (electricity, hardware power, effort, etc.). With this situation, you can no longer say that the collateral for the masternode network is trustable as value in the sense that you can for a another currency or commodity that is either widely trusted and government manipulated (fiat) or requires no trust (bitcoin).  

What I'm getting at is that the only reason you can trust Dash masternodes is because there is PoW required to ensure the collateral is even worth anything. This whole "Crave" thing is an insult to Dash's truly two-tiered masternode+PoW system by comparison. While I feel sorry for anyone who gets suckered into buying that, SDC, XC, or any of the plethora of other POS coins, I also realize that most people don't take personal responsibility for their money and generally feel the need to entrust others with it, thus creating constant opportunities for scammers.  It is a necessary step in the growing process when new freedoms are born.  



LOL, Jo Public doesn't give a flying fuck about the amount of electricity you wasted manufacturing your digital currency or how mindbogglingly many CPU/GPU ops it takes you to process a pitiful handful of simple transactions per minute.

PoW does not translate into coin value/price. At almost no point in the history of DRK has it been profitable to mine at the time. PoW centralised through pools is also next to useless as a security mechanism. Nobody who isn't a miner (that's 99.9999999999999999% of Planet Earth) gives a shit about PoW or PoS.

PoW is a wasteful farce and should be replaced with pure PoS(ervice) - it's the services provided by MNs that provide worth to users, and actually decentralised blockchain security via MNs would be many orders of magnitude more secure.

Utility brings value. Users are everything. Bollocks to your PoW.

 Tongue
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April 11, 2015, 01:17:29 PM
 #94652

the small chump change that was your instamine claims is meaningless to the amount of money invested in here today.  

First of all it's not an instamine "claim" it's a proven 2+ million in the first 48 hours. Or have you not seen the chart?

Second if there are only 5,273,214 DASH in current supply, how can it be small chump change when it's a HUGE percentage of the total coins in circulation? You're contradicting yourself.

Roll Eyes


Edit: Here's the chart again since you conveniently haven't seen it. This is what a scam looks like:



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April 11, 2015, 01:22:50 PM
 #94653

the small chump change that was your instamine claims is meaningless to the amount of money invested in here today.  

First of all it's not an instamine "claim" it's a proven 2+ million in the first 48 hours. Or have you not seen the chart?

Second if there are only 5,273,214 DASH in current supply, how can it be small chump change when it's a HUGE percentage of the total coins in circulation? You're contradicting yourself.

Roll Eyes

Mr bigrcanada has been spreading the lies yesterday.  Either he got recruited for the DASHSCAM MOON brigade or hes been drinking a little too much wine studying for his Sommelier exam.

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April 11, 2015, 01:41:41 PM
 #94654

Dear all, if you are new here. This thread is enjoyable but infested with trolls. They are nice to play with and help to promote Dash. For intelligent discussions, help with setups, road maps, guides go to dashtalk.org

This!


You will never get any truth over there.  The gigantic circlejerk thats going on over at dashtalk.org can be hazardous to your health.  Before venturing over there make sure you get yourself a latex body suit because the moment you get in there you will be covered from head to toe with ejaculate from the moderated DASH circlejerk.

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April 11, 2015, 01:44:20 PM
 #94655


Who cares about morals or integrity?

Not you, thats for sure.
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April 11, 2015, 01:46:16 PM
 #94656


Ok, I think I have to respond to this appraisal. Although I believe in "subjective" valuations (because markets are the aggregation of everyones diverse valuation priorities) and that g4q should absolutely hold or dump according to their instinct, some of the points made are car crash economics to me. (in the friendliest possible sense  Wink ).

ROI is heading straight down and you can expect it to continue along that path. Sure 18% annually sounds OK, but the price would have to stay consistent for that year

Are you serious ? We're currently sitting on a 250% gain from 90 days ago and masternode ROI gives you a daily return on top of that. Your complaining  Huh

Apart from that, the principle you've used is an unbelievably unfair one. ROI is measured in percentage of capital invested, not (percentage-of-capital) x (the-forex-rate-of-my-choice).

If you don't want to accumulate Dash then fair enough but if you do then don't measure your returns in another currency which is like complaining that the interest rate on your $Dollar bank account didn't work out in Yen. What you are implicitly saying with this remark is that you're effectively day trading the Dash/BTC currency pair and trying to accumulate BTC but are being selective about the trading period.

Evan is a loveable genius, but the coin is completely reliant on him which causes centralization. THis wouldn't be a big deal but it means he is vulnerable to being influenced and making reckless decisions

All I can say is where talent and innovation are concerned, I'd rather be dependent on one than dependent on none.

The word "decentralised" applies to mining algos, not people. If you apply it to creative groups then your arguing for the worst ideas to prevail over the best. You can't win - on the one hand people complain that Evan doesn't listen to collegues, on the other they complain that he's "vulnerable to being influenced". ffs, just let the guy get on with it and see what turns out. If we like it we stay invested (like I sure am doing), if you've got worries, take a hedge and if you don't disinvest. Lifting the lid on any innovative enterprise in history would probably make your hair stand on end at the number of risks involved. In the end some kind of uniquely precious thing emerges in spite of the risks.

For example, I'm glad Evan's view prevailed over Vertoe's because although Vertoe is a great coder, he doesn't understand lots of subtle concepts of money - how to engender value, how to balance monetary properties with technological ones and the meaning of 'privacy' in cryptocurrencies (as I've explained here). He wanted to build the safe, not the money. Evan does understand these things (IMO) which is why people's noses go out of joint when their pet priorities don't get pride of place in the roadmap and why I chose this project as one of my long-termers.

If everybody had equal say you'd be taking a delicious steak dinner with tender, moist beef, roast potatoes broccoli & sweet carrots, chucking it in a foodmixer and coming out with unappetising slop.

There's a hell of a lot of reasons people are selling.

There is no big 'selloff' as you are implying. If you look at the 1-week chart, it has corrected absolutely normally to just below half the rise since the Feb 23 peak. This is also reflected in the order books where the odd masternode or two appears periodically. There are over 5 million coins held - even if only 20% sold off, that would require 1000 x 1000 DASH cashouts (and no corresponding demand). We've seen nothing like that.

Masternode blinding is nice, but is still relying on third parties. Before tok claims they are just like every other client, they are not, they perform specilaized tasks that normal clients do not, and you have to trust them. Trusted third parties are the whole reason crypto exists and they are the devil.

Your making a philosophical point here but in the practical world things either work or they don't. If they turn out to work then the philosophy has to be revised.

When I first encountered the idea of 'masternodes' and network specialisation I was sceptical as well. But I've been blown away as to how well it's worked in practice and in particular, how closely it's confirmed to Evan's original stated vision. That makes me think he's got his feet on the ground and does actually understand what he's talking about. I would never have imagined that we'd have got nearly 2 and a half thousand masternodes or that they'd support such natural technological solutions to many fundamental problems in crypto. Calling that dependency on "third parties" is just being selective about who is the 'first party' nothing more but you can in no way, shape or form call 2400 masternodes, all performing an identical function, anything other than "decentralised".

Tell me what is the difference to the end user

Ok - for now I probably agree with you on that point that to an end user they might not see a lot of difference in actual usability. But that's not where the value in crypto currency lies anyway. You have to plant your flag in deciding if your creating a payments system or electronic money. There are very subtle differences in emphasis there but huge differences in outcome. If you get your priorities wrong you end up with no more than a distributed bookeeping system that increments a number in one private account and decrements it in another private account like the fiat banking system.

Bitcoin defined electronic "money" as distinct from "currency". The difference is that money is a base asset (like precious metals and stones) whereas currency is the certificates or "numbers in an account" that represent that underlying asset. You can't therefore mess with the bitcoin model other than very subtly without knowing what you are doing and understanding how your are affecting the value proposition at all times.

In that link above I cite an example of the approach that I think didn't do that and threw the baby out with the bathwater in the over-obsessive pursuit of a non-monetary property.

Love you guys~!

Yes we love you too  Wink

Great replies as usual  Smiley

Plus in the 3d chart I see the market forming the handle of the cup&handle, very positive IMHO  Wink

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April 11, 2015, 01:48:53 PM
 #94657


Please save me from my own mistakes

Take your pick which one's the scam:


(And there are another 500 odd where that one came from).



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April 11, 2015, 01:56:25 PM
 #94658


Who cares about morals or integrity?

Not you, thats for sure.


I care...sorry if I offended anyone from this thread yesterday including Ghost! While we went separate ways I respect this community and will support in anyway I can...please do no play games with our coin prices and attempting too make us fail! I am a man of my word and I appreciate being treated the way i treat others.

Please read my book of the day and enjoy your Saturday...
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April 11, 2015, 01:57:10 PM
 #94659


Please save me from my own mistakes

Take your pick which one's the scam:


(And there are another 500 odd where that one came from).






hhahahahaha... WOW... you really are scraping the bottom of the barrel for arguments.  The level of your reasoning is dropping and fast.

Nice one, come again.

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April 11, 2015, 01:59:01 PM
 #94660


Please save me from my own mistakes

Take your pick which one's the scam:


(And there are another 500 odd where that one came from).






hhahahahaha... WOW... you really are scraping the bottom of the barrel for arguments.  The level of your reasoning is dropping and fast.

Nice one, come again.

you should be banned and are no ignored...bye
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