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

[G2M]

distribution

Do you have numbers relating to distribution?

I've tried to put a few together before in a chart, but could only go off of Risto's power law distribution chart.

Also, do you have numbers indicating that distribution will form the foundation of a network effect?

I'm really interested in how that could come about, mathematically.

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[qwizzie]

distribution

bla blabla

cool, another Monero troll. Not a very bright one, as one look at his post history clearly shows it.
Oh well, time to use the ignore button once more

[coins101]

yep, that ignore button still works. thank god.
1 Dash for whoever invented the ignore button.

It was me, honest.  

[qwizzie]

yep, that ignore button still works. thank god.
1 Dash for whoever invented the ignore button.

It was me, honest.  

i could almost believe that ... almost 

[iCEBREAKER]

distribution

Do you have numbers relating to distribution?

I've tried to put a few together before in a chart, but could only go off of Risto's power law distribution chart.

Also, do you have numbers indicating that distribution will form the foundation of a network effect?

I'm really interested in how that could come about, mathematically.

Game theory tells us how Dash's instamine may destroy its network effect.

EG:  Granting insiders nearly free instamined coins discourages genuine investment, because insiders can take their free profit before genuine investors can take their fairly earned gains.  The net effect is to suppress the numbers of new, non-insider, investors.

Anyone with a brain can work out the myriad other mechanisms by which Dash's instamine precludes and inhibits growth of a healthy, authentic ecosystem.

[coins101]

yep, that ignore button still works. thank god.
1 Dash for whoever invented the ignore button.

It was me, honest.  

i could almost believe that ... almost 

That's libelous.

I will be contacting my lawyer.

[aleix]

Please don't quote or interact with trolls. Just use the ignore button. Keep clean the thread.

The discussion they started was answered one million times.

thanks.

[ddink7]

Just for fun, I was looking through the coinmarketcap.com listings and realized that many of the coins trolls were promoting here some time ago have now fallen into obscurity. Let's walk down memory lane:

Xcurrency:
ATH Marketcap: $12,500,000 (May/June 2014)
Current Marketcap: $236,000
Percentage Decline: 98.1%

Cloakcoin:
ATH Marketcap: $7,900,000 (July 2014)
Current Marketcap: $217,050
Percentage Decline: 97.25%

BitcoinDark:
ATH Marketcap: $8,700,000 (August 2014)
Current Marketcap: $1,043,000
Percentage Decline: 88%

Blackcoin:
ATH Marketcap: $27,000,000 (April 2014)
Current Marketcap: $1,052,000
Percentage Decline: 96.1%

Litecoin:
ATH Marketcap: $1B (Nov 2013)
Current Marketcap: $52,650,000
Percentage Decline: 94.7%

Paycoin:
ATH Marketcap: $169,000,000 (December 2014)
Current Marketcap: $2,134,000
Percentage Decline: 98.7%

I'd be disingenuous if I didn't point out the following:

Darkcoin (now Dash):
ATH Marketcap: $61,000,000 (May 2014)
Current Marketcap: $15,500,000
Percentage Decline: 74.6%

However, for comparison, let's consider the granddaddy of them all:

Bitcoin:
ATH Marketcap: $14B (Nov 2013)
Current Marketcap: $3.2B
Percentage Decline: 77.1%

Nobody is saying that crypto has been a great investment over the last year, but by comparison, Dash has done remarkably well as many of its competitors have died.

[coins101]

That list is missing a key factor.

BTC is the main exchange pair.

If you use $ as the ATH, you need to take into account the price of BTC during the month of the ATH. 

ATH should be measured against BTC.

[qwizzie]

yep, that ignore button still works. thank god.
1 Dash for whoever invented the ignore button.

It was me, honest.  

i could almost believe that ... almost  

That's libelous.

I will be contacting my lawyer.

good thing i know a guy that knows a guy that knows a guy 

[thelonecrouton]

That list is missing a key factor.

BTC is the main exchange pair.

If you use $ as the ATH, you need to take into account the price of BTC during the month of the ATH. 

ATH should be measured against BTC.

I disagree. Bitcoin is a global irrelevance.

The $ is what we are up against.

[AlexGR]

Game theory tells us how Dash's instamine may destroy its network effect.

A guy, let's name him "John", wants to accept payments or buy stuff privately with DRKs.

What John cares about is

a) The currency is anonymous
b) The currency has adoption / is among the most popular ones so that he can use it among people, shops etc
c) The currency is easy to use
d) The currency is liquid (plenty of exchange backing where he can convert to fiat, btc, precious metals etc) and has sufficient market depth to absorb larger amounts if necessary without the price getting affected too much

How people got their coins is of no concern to John.

If John wants to buy something privately, then: BTC/FIAT => DRK => purchase what he wants

If John wants to accept payments, then: OTHER PEOPLE WITH DRKs => him => he does whatever he wants with them (keeps them/converts them to FIAT/BTC/PMs/buys stuff with them etc)

So, how does that reality fit with your "game theory" assessment, in the real market? It doesn't. Because your view is so narrow that it only focuses on shitcoin speculation instead of real-world adoption (where DRK is already #2, behind BTC, in several sites that deal with PMs, gambling etc).

[iCEBREAKER]

Game theory tells us how Dash's instamine may destroy its network effect.

your view is so narrow that it only focuses on shitcoin speculation instead of real-world adoption.

"Shitcoin speculation" is at this point the only thing Dash has going for it.

Nobody uses Dash to actually do anything.  There is zero propensity for Dash to be used in retail or finance.

Until Masternode Blinding is something more than ambitious vaporware (IE cryptographically/mathematically proven), it would be foolish to trust Dash for anything requiring privacy.

[coins101]

That list is missing a key factor.

BTC is the main exchange pair.

If you use $ as the ATH, you need to take into account the price of BTC during the month of the ATH. 

ATH should be measured against BTC.

I disagree. Bitcoin is a global irrelevance.

The $ is what we are up against.

I agree with the sentiment, but DRK ATH was ~$15, but we almost reached the same ATH a month or so back, but the price only got to ~$5.

Looking at the charts $15/DRK was 0.02+ BTC last year, and 0.02+ BTC a month or two back.

[splawik21]

Trying to setup MN donations.....

Is the trans id the one where I sent my original 1000DASH?
1st time here - virgin run

TX ID is the transaction which funds the 1000 coins of new address or to explain it is the newest 1000 input on this address supposing there are not other 1000 inputs on this address

[AlexGR]

Nobody uses Dash to actually do anything. 

You can continue living in denial.

The gambling site owners and precious metal shop owners have often posted -in this thread- how their volume in DRK is #2 after BTC. But then again you haven't followed this thread except for trolling purposes, so how would you know?

[coins101]

Please don't quote or interact with trolls. Just use the ignore button. Keep clean the thread.

The discussion they started was answered one million times.

thanks.

i like your post

I like your money. Where's my 1 DASH?

 

[Minotaur26]

Trying to create concern around current distribution and concluding that early mining is the only source for distribution of a coin is a big lie.  I posted this in a different thread and I think it applies here:

I think anyone can understand that current distribution of a coin has a role to play in reaching a threshold that allows for a network effect to start. Reaching that distribution threshold can occur through many mechanisms though and at different stages of the life of a coin. The question should always be: What is the distribution today?  

I believe coins get more distributed during up trends and specially towards the top,  as that is where long term holders are willing to take profits and new people feel compelled to buy into the enthusiasm.  To the contrary, during downtrends and specially close to the bottom you normally find accumulation by believers to be more likely.

If a coin is strong enough to survive several of these distribution cycles and is able to attract investment after it has gone through the first growth cycle of profit taking and redistribution by early adopters its chances for long term survival increase. In my case, I look at these cycles, one way you can tell if an asset is just being hold by a small group is if its not going through natural profit taking and redistribution cycles, there is low volume and it just seems stagnant at a price that does not seem consequent with the perceived fundamentals of the project.

Having said that,  whether a high market cap is solid or not, (by smooth's criteria if the market cap comes from good or bad distribution) needs to eventually manifest in reality. Regardless of the opinion one holds on what is the real underlying situation of an asset, either it will continue to hold and grow or not.  So the same asset can be represented to have good or bad distribution depending on who you ask, supporter or detractor, but reality can only be one and will always manifest itself in due time.

I think in the meantime the only thing one can do is look for ways to add value to the ecosystem and maybe monitor its progress in terms of adoption every certain amount of time.  If an asset is doing consistently well and making progress lets say into its third year of existence, it is more interesting to me.  Also watch those profit taking redistribution cycles and make sure there is development progress and the fundamentals remain strong. Just my 2 cents.

Dash has gone through serveral redistribution cycles and is the only recent coin that I know that has gotten close to their BTC ATH  more than once. That is very signifcant. I also found this picture of Dash redistribution very informative.  Having said that, like  I mentioned on my post, people can say what they want, reality is only one and we will just continue to work hard, grow and expand our ecosystem while they keep posting here.

I found this picture of Dash redistribution very informative, it is clear that Dash has accomplished a very healthy distribution, through trading:




Dash is past that initial phase we just need to focus in adding value and improving adoption.

[qwizzie]

Please don't quote or interact with trolls. Just use the ignore button. Keep clean the thread.

The discussion they started was answered one million times.

thanks.

i like your post

I like your money. Where's my 1 DASH?

 

Qualis pagatio, talis laboratio. 

[coins101]

Missed this one



http://www.coindesk.com/nevada-regulators-bitcoin-poker-operator-arrest/

Since when was running a poker site with BTC only illegal?