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

[TanteStefana2]

The unfortunate thing here is that no matter what you do, there will never be an egalitarian society.

This is not quite true.

An "egalitarian" society doesn't mean that everyone has exactly the same amount of everything in a purely materialistic sense, otherwise we'd have to throw out diversity as well. Do you really want a society in which everyone is a clone of everyone else ?

Lets say the entire world dollar supply is $20 and me and you both start off with $10 each. But you've a guitar that you don't want and I would like one. You sell me your guitar for $5.

Now you've got $15 and I've got $5. Immediately the money supply has become unequally distributed.

Thats why I think that most of these arguments about distribution of crypto are complete baloney. Ok - POW is a reasonable way of getting the money "out there" initially, but markets just blow that distribution to kingdom come eventually.

As far as holdings go, there only are 2 relevant entities: You and Everyone else.

Lets look at things from a global perspective for a moment. There are 7.3 BILLION people in the world. All of cryptocurrency has been effectively "instamined" into the hands of maybe a few thousand of them - lets say 10,000 for arguments sake.

That means the ENTIRE cryptocurrency coin supply is in the hands of just over a MILLIONTH of the world population. Do you really think they could care less about the ethics of distribution WITHIN that millionth ?  

I completely agree.  And frankly, I think the coins will become more and more distributed as people enter the system.  In the end, money is worth time and effort.  In many ways, all of us put much time and effort into this system, and that is what gives it it's current value (more so from developers, but without us, it wouldn't go anywhere).  And when we want someone elses time and effort IE their products, we will depart with our coins. 

I was and still am unsure of a deflationary economy, however, I read someone's point, that even in a deflationary economy, people will spend on things they need or want.  They need food, shelter, clothes, etc... but there are perceived needs, like a car, nicer clothes and shoes, hair cuts, etc... that people don't want to live without.  In the end, even so a currency might be deflationary, people will still purchase these things.  We have simply been taught to throw away cash on junk, spend it until you only have debts.  It will definitely be a completely different mind set to live in a deflationary economy, but it may also be a healthier one.

[1713981070]

1713981070

[1713981070]

1713981070

[TanteStefana2]

What do you mean Tante? I didn't quite get that. As is seen it, even in the long run (because 1k is harder and harder and harder to get), having a stake in a pooled MN will be much better than any PoStake coin or even a savings account in FIAT.

And when will the MN % reward decrease? Its only going up!

It's harder and harder for people like us, but there is a TON of money out there.  And with pooled masternodes, like said above, people will continue to invest in something with a great return.  Right now, the return is very good, but big money makes 20% a year regularly.  When DASH matures, and the volatility is diminished, 5% per year interest will be considered good to a lot of people, except big money.  Those large holders will bail: slowly, over time, because they will have better opportunities than this.  The percentage of rewards are balancing out until we hit 60%, then the percentage will definitely drop as more masternodes go online.  Plus, each year the mining rewards diminish.

Lets watch those masternodes, we'll see when they start to give up and sell off.  I'm sure they'll sell off slowly, not huge dumps so I don't want anyone thinking there will be a huge panic dump in the future, that would be a stupid move for an investor.

Do the figures again with DASH at $10, $50, $100 & $500 each.

Then you get a measure of the opportunity. Then you sit down in a busy (has to be busy) coffee shop, get a strong black cup of coffee and say to yourself: how do we get from $3 to $500 over the next 3 years? Then look around at all the people walking in and out buying coffee and how they all physically go about purchasing.

If it's up to $500 a coin, I think I'd have to liquidate at least one MN and get a new roof, new doors and windows, new car for hubby, etc... LOL.  I do have my price!  Then again, dollars and euros may collapse in a year for all we know!  (doubtful, but I wouldn't care, I ain't got none, LOL)

[toknormal]

I was and still am unsure of a deflationary economy, .....In the end, even so a currency might be deflationary, people will still purchase these things.

Absolutely !

A few years ago, before he became the most important finance minister in the world, Yanis Varoufakis used to blog on economics stuff. He did quite a bit of commentary on cryptocurrencies back in his day as a blogger and knew all about Bitcoin, Litecoin and whotnot.

His main complaint about crypto going "mainstream" was that it was "deflationary". Here he is over 2 years ago discussing the rise of Litecoin: https://www.youtube.com/watch?v=JLu1yAeWNtw

But I found this argument a bit strange considering he's so comfortable about making the distinction between "solvency" and "liquidity" in his current area of responsibility.

If a fixed supply monetary medium exists that works and retains its value over time, then societies have always found ways to satisfy the requirement for liquidity. For example, even in the fiat system, the base money supply issued by central banks is fairly static in the abscence of QE (which is an 'emergency' measure). At best it's no more inflationary than a regular crypto's emission curve like bitcoin's. Meanwhile however, the commercial banking sector levers that base money supply as credit money in response to aggregate demand using the fractional reserve system which helps to keep prices stable.

It's no problem at all to discover equivalent mechanisms in crypto which satisfy this need. For example, take BitUSD - it does exactly that in a very elegant, decentralised way.

So "deflationary" isn't the problem - or at least it's the problem we "want to have" because if a monetary medium is deflationary it must mean it's accruing in value in which case we've got something we can work with !  

[TanteStefana2]

http://yacy.de/en/

Web Search by the people, for the people

YaCy is a free search engine that anyone can use to build a search portal for their intranet or to help search the public internet. When contributing to the world-wide peer network, the scale of YaCy is limited only by the number of users in the world and can index billions of web pages. It is fully decentralized, all users of the search engine network are equal, the network does not store user search requests and it is not possible for anyone to censor the content of the shared index. We want to achieve freedom of information through a free, distributed web search which is powered by the world's users.

I finally got around to looking at this.  This is VERY cool, and I'm installing it on my servers right now.  I'll try default and see if I can up the memory or not.  With a default of only 96 mb of ram, it doesn' t sound bad at all, and I have plenty of hard drive space  

[Bridgewater]

If it's up to $500 a coin, I think I'd have to liquidate at least one MN and get a new roof, new doors and windows, new car for hubby, etc... LOL.  I do have my price!  Then again, dollars and euros may collapse in a year for all we know!  (doubtful, but I wouldn't care, I ain't got none, LOL)

If it goes to $500 a coin, you'll probably be paying for those services in Dash (or maybe Bitcoin) directly.

[r4vani]

Really! No one can answer this question?

When will the last Dash be mined?

Est. ~22M Max Coins

for dash Variable block reward, Can we count on what year the last block is resolved?

And estimate how much dash mined each year?






Bitcoin:

Each block takes ten minutes, so there are six blocks per hour, 24 hours per day. The original block reward was 50 BTC. Thus, 7200 BTC per day introduced to the system.
-----------------
Start (2009) : 7200.00000000 #start
Halving 1 (2012) : 3600.00000000 #Halving was November 2012
Halving 2 (2016) : 1800.00000000
Halving 3 (2020) : 900.00000000
Halving 4 (2024) : 450.00000000
Halving 5 (2028) : 225.00000000
Halving 6 (2032) : 112.50000000
Halving 7 (2036) : 56.25000000
Halving 8 (2040) : 28.12500000
Halving 9 (2044) : 14.06250000
Halving 10 (2048) : 7.03125000
Halving 11 (2052) : 3.51562500
Halving 12 (2056) : 1.75781250
Halving 13 (2060) : 0.87890625
Halving 14 (2064) : 0.43945312
Halving 15 (2068) : 0.21972656
Halving 16 (2072) : 0.10986328
Halving 17 (2076) : 0.05493164
Halving 18 (2080) : 0.02746582
Halving 19 (2084) : 0.01373291
Halving 20 (2088) : 0.00686646
Halving 21 (2092) : 0.00343323
Halving 22 (2096) : 0.00171661
Halving 23 (2100) : 0.00085831
Halving 24 (2104) : 0.00042915
Halving 25 (2108) : 0.00021458
Halving 26 (2112) : 0.00010729
Halving 27 (2116) : 0.00005364
Halving 28 (2120) : 0.00002682
Halving 29 (2124) : 0.00001341
Halving 30 (2128) : 0.00000671
Halving 31 (2132) : 0.00000335
Halving 32 (2136) : 0.00000168

[crowning]

If it's up to $500 a coin, I think I'd have to liquidate at least one MN and get a new roof, new doors and windows, new car for hubby, etc... LOL.  I do have my price!  Then again, dollars and euros may collapse in a year for all we know!  (doubtful, but I wouldn't care, I ain't got none, LOL)

If 1 DASH would be $500 right now, each of your Masternodes would give you about $225 PER DAY.

I wouldn't sell!

[coins101]

If it's up to $500 a coin, I think I'd have to liquidate at least one MN and get a new roof, new doors and windows, new car for hubby, etc... LOL.  I do have my price!  Then again, dollars and euros may collapse in a year for all we know!  (doubtful, but I wouldn't care, I ain't got none, LOL)

If 1 DASH would be $500 right now, each of your Masternodes would give you about $225 PER DAY.

I wouldn't sell!

I'm waiting to hear the Foundation's plans for mass adoption.

In any event, I think I have a better plan 

Bookmark this page, we'll revisit the $3 > $500 pledge (well, not like a 'I'll Paycoin guarantee a $500 floor pledge').

[Bridgewater]

It's harder and harder for people like us, but there is a TON of money out there.  And with pooled masternodes, like said above, people will continue to invest in something with a great return.  Right now, the return is very good, but big money makes 20% a year regularly.  When DASH matures, and the volatility is diminished, 5% per year interest will be considered good to a lot of people, except big money.  Those large holders will bail: slowly, over time, because they will have better opportunities than this.  The percentage of rewards are balancing out until we hit 60%, then the percentage will definitely drop as more masternodes go online.  Plus, each year the mining rewards diminish.

Lets watch those masternodes, we'll see when they start to give up and sell off.  I'm sure they'll sell off slowly, not huge dumps so I don't want anyone thinking there will be a huge panic dump in the future, that would be a stupid move for an investor.

I'm not sure I quite understand your logic here.  As I understand, investors of small amounts of money need to find high-risk/high-ROI to grow their money faster.  Large investors, on the other hand, seek out places to safely park their money and get a modest but respectable interest. If the ROI for running a masternode goes down to 5% and volatility in Dash is diminished, then only the BIG players will be masternode holders and the small players would bail.  The small time guys would only keep their money in a Dash pooled masternode earning 5% like a savings account, untill they took it out (of the masternode status) to invest their Dash (directly!) in something riskier, like a business startup, house, stocks, etc.

RE masternode sell-off, if the price keeps rising and adoption keeps growing, there will be fewer and fewer reasons to "sell-off" into another currency such as BTC or fiat.   Someone saving Dash in a masternode might liquidate it to buy a car or a house, but if the purchase is made with Dash directly, then this would not really affect the exchange rate.

[coins101]

Really! No one can answer this question?

When will the last Dash be mined?

Est. ~22M Max Coins

for dash Variable block reward, Can we count on what year the last block is resolved?

And estimate how much dash mined each year?






Bitcoin:

Each block takes ten minutes, so there are six blocks per hour, 24 hours per day. The original block reward was 50 BTC. Thus, 7200 BTC per day introduced to the system.
-----------------
Start (2009) : 7200.00000000 #start
Halving 1 (2012) : 3600.00000000 #Halving was November 2012
Halving 2 (2016) : 1800.00000000
Halving 3 (2020) : 900.00000000
Halving 4 (2024) : 450.00000000
Halving 5 (2028) : 225.00000000
Halving 6 (2032) : 112.50000000
Halving 7 (2036) : 56.25000000
Halving 8 (2040) : 28.12500000
Halving 9 (2044) : 14.06250000
Halving 10 (2048) : 7.03125000
Halving 11 (2052) : 3.51562500
Halving 12 (2056) : 1.75781250
Halving 13 (2060) : 0.87890625
Halving 14 (2064) : 0.43945312
Halving 15 (2068) : 0.21972656
Halving 16 (2072) : 0.10986328
Halving 17 (2076) : 0.05493164
Halving 18 (2080) : 0.02746582
Halving 19 (2084) : 0.01373291
Halving 20 (2088) : 0.00686646
Halving 21 (2092) : 0.00343323
Halving 22 (2096) : 0.00171661
Halving 23 (2100) : 0.00085831
Halving 24 (2104) : 0.00042915
Halving 25 (2108) : 0.00021458
Halving 26 (2112) : 0.00010729
Halving 27 (2116) : 0.00005364
Halving 28 (2120) : 0.00002682
Halving 29 (2124) : 0.00001341
Halving 30 (2128) : 0.00000671
Halving 31 (2132) : 0.00000335
Halving 32 (2136) : 0.00000168

~2071

Look about 80% down the OP on my thread on the unofficial business plan for DRK:

https://bitcointalk.org/index.php?topic=579976.0

[sangoku]

https://www.dashpay.co.za/

[BiteMyShinyMetalAss]

https://www.dashpay.co.za/

Wau, this company, i recon, could benefit from adopting dash and intergating it to their equipment.  This company may be super lucky with their name and business in the near future!

[bitalkpl]

https://www.whatever.co.za/

Wau, this company, i recon, could benefit from adopting dash and intergating it to their equipment.  This company may be super lucky with their name and business in the near future!

this is not a serious company
domain is junk

[HelloCrypto]

"Any new features you’re looking to add in 2015 that you can reveal to our audience. What can we look forward to in the short-term from Dash?

Evan Duffield: Can we do another article about this? I have something. It’s gigantic…"

What could this new feature be?

Source: https://www.cryptocoinsnews.com/evan-duffield-dash-darkcoin-dash-will-position-direct-competitor-bitcoin/

[bandidorl]

Who has 11% of the coin supply? https://chainz.cryptoid.info/dash/wallet.dws?559582.htm

To the unknown whale of the near 600.000 DASH, I only hope you will manage to help your investment selling some DASH at good prices when the market is ready and not make the greed your only guide cashing out or dumping the market at your will.


Regards

[xxxgoodgirls]

"Any new features you’re looking to add in 2015 that you can reveal to our audience. What can we look forward to in the short-term from Dash?

Evan Duffield: Can we do another article about this? I have something. It’s gigantic…"

What could this new feature be?

Source: https://www.cryptocoinsnews.com/evan-duffield-dash-darkcoin-dash-will-position-direct-competitor-bitcoin/

I Believe he is referring to

Eventually Gavin Andresen sees blocks getting to 100MB+, with tens of thousands of transactions per block. See http://gavintech.blogspot.com/2015/01/twenty-megabytes-testing-results.html and https://docs.google.com/spreadsheets/d/1CuOEM9uwO5w-RwWGCCZpVGVFwhHHHegxJZqTP5KyapI/edit#gid=0.

After giving it some thought, I came up with a scalable architecture that supports billions of transactions per day.

Specifications of this strategy:

    The blockchain will automatically become much more anonymous than Bitcoin is.
    Fees per transaction will be very, very low. Let the micro-payment revolution begin.
    Zero-centralization
    Scalable to billions of transactions per day
    Requires a 2-tier network
    Very low blockchain bloat


I make no promises about this idea working though, I’m very early in the research stages, but it does look quite promising. If it works, it means we have solved the ultimate problem with Bitcoin and have made this technology accessible to the whole world. This strategy is just too good to let sit for very long and I need to do some exp

[HelloCrypto]

"Any new features you’re looking to add in 2015 that you can reveal to our audience. What can we look forward to in the short-term from Dash?

Evan Duffield: Can we do another article about this? I have something. It’s gigantic…"

What could this new feature be?

Source: https://www.cryptocoinsnews.com/evan-duffield-dash-darkcoin-dash-will-position-direct-competitor-bitcoin/

I Believe he is referring to

Eventually Gavin Andresen sees blocks getting to 100MB+, with tens of thousands of transactions per block. See http://gavintech.blogspot.com/2015/01/twenty-megabytes-testing-results.html and https://docs.google.com/spreadsheets/d/1CuOEM9uwO5w-RwWGCCZpVGVFwhHHHegxJZqTP5KyapI/edit#gid=0.

After giving it some thought, I came up with a scalable architecture that supports billions of transactions per day.

Specifications of this strategy:

    The blockchain will automatically become much more anonymous than Bitcoin is.
    Fees per transaction will be very, very low. Let the micro-payment revolution begin.
    Zero-centralization
    Scalable to billions of transactions per day
    Requires a 2-tier network
    Very low blockchain bloat


I make no promises about this idea working though, I’m very early in the research stages, but it does look quite promising. If it works, it means we have solved the ultimate problem with Bitcoin and have made this technology accessible to the whole world. This strategy is just too good to let sit for very long and I need to do some exp

Thanks! Interesting.

[coins101]

We 100% have a cup forming.



$3 > $500  Holy Mother of MasterNodes, Batman



image by http://www.cryptoons.com/

[coins101]

Note to self:

Skip MN payments switch for:

Code:

Rux
Raptor_73

[coins101]

Note to self:

Skip MN payments switch for:

Code:

Rux
Raptor_73

yes, worked perfect for the whole last week, thanks

Karma was my ex-girlfriend, and she really was a bitch