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

[bigrcanada]

Where is the rule
"ABSTAIN do not have a vote"
Why we need to count on them?

I think, to be nimble, in the future, votes will work on a quorum or something.  But for this first vote, we want it to be a popular vote (meaning, a majority of all the Masternode owners need to feel good about this idea).  Frankly, I'm shocked that it's taking so long to get half the MNds to vote. Where is everyone?  Is it too hard to do?  Perhaps there are that many people on the fence, but I can't imagine there are so many out there without an opinion!

It seems some 1,395 MN did not vote. Otoh himself has about 50% of these MNs so if he did not vote yet, herein you have a half of your answer, And there are other big holders, one with more MNs than Otoh...

I dont know where you get your information but that is not correct. Otoh is the #1 holder there are no other holders with more nodes, plus he invested a large amount and bought all coins on the market.

good grief...I feel like a small fry with my MN's ,   but I did my part and voted!  

From his own statement - in a discussion about "someone else" having more - but that does not matter, who has 1 or 500++ MN. All I said was a speculation. If he had not voted...

Yeah...I'm not sure what the current count is at.   But not everyone is glued to their system either.  What might be cool is coming up with a alert system to page MN operators when there is something urgent to go over....just a thought.

[bigrcanada]

Update about Pay all your bills easy and fast with BitBill.eu..They had some problems with the change  of the name...The working on a solution for Dash! So you can pay soon your Bills with Dash.....

Gr Zeero

There's a school of thought that says all adoption is good.  I might disagree.  If BitBill.eu simply dumps the DASH on receipt in order to avoid the risk of carrying it, where is the net good?  Is the increased publicity worth the automatic market dump?  Possibly.  Possibly not.

I disagree. In order to make crypto a success, we are eventually going to need to "close the loop." Customers use Dash to pay retailers, retailers pay suppliers, suppliers pay manufacturers, and everybody along the way pays employees in Dash (or with an option to collect payment in Dash).

Yes, you are correct in that ultimately the loop must be closed. But first we have to fill in pieces here and there. I'm content with merchant adoption (with merchants "dumping" straight to fiat) as a first step. Maybe the next step will be vendors paying suppliers in Dash. Go from there...one step at a time.

I absolutely agree as well with this.  It is going to take one step at a time.

[toknormal]

There's a school of thought that says all adoption is good.  I might disagree.  If BitBill.eu simply dumps the DASH on receipt in order to avoid the risk of carrying it, where is the net good?  Is the increased publicity worth the automatic market dump?  Possibly.  Possibly not.

I'd take increased adoption over increased marketcap any day.

I understand how this is a chicken/egg problem.  If BitBill.eu helps circulate the DASH by "spending" it on their own salaries or office supplies or datacenter costs, this is a big win.  If they simply take it out of circulation and churn it through exchanges, not so much.  But in order to get the employees or office supply stores or datacenters to demand DASH more publicity is needed.  Around and around...

I can see your point from a purely market perspective but I think that more generally it’s instructive to view things from a more macro monetary-economic perspective to see the full picture.

In that context, monetary value originates from a monetary medium fulfilling a monetary role in the real economy. In previous posts I've used the example of plastic funfair tokens to illustrate this principle. i.e. if you buy one of those tokens in the hardware shop it might cost you 0.02 Euros (2 euro cents). On the other hand, if you buy the same plastic token from a kiosk at the funfair (for spending on the rides) it will cost you 3 Euros.

That is a monetary premium of 15 thousand percent. If those plastic tokens go out of adoption (stop being used by the funfair) then that monetary premium disappears and the price will revert to 2 cents.

The current marketcap of cryptocurrencies is largely speculative on their value reaching a high monetary premium. That speculative value cannot last unless some real adoption eventually underwrites it. It doesn't matter whether it gets dumped back to dollars or not because what's important is that it is actually in use as a payment method for the goods exchange.

The price is just the price. It can go up or down depending on whether someone pumps or dumps. Adoption is far harder to achieve IMO but each new merchant is like a mountaineer hammering a pin into the rockface. It gives the speculative valuation a hard base. Thats why this little list is like gold dust and has to keep growing:

https://dashtalk.org/threads/merchant-directory-listing-updated-11st-may-2015.3445/

[TanteStefana2]

Weird.  I just checked my remote wallet, to count the number of YEAs abd git 165 votes.  i look at Crowning's chart: http://178.254.18.153/~pub/Dash/masternode_payments_stats.html and it' has only 1.65% voting (all YEA).

What happened?

[Minotaur26]

As btc regulation draws closer, does anyone have any idea how this could affect dash? as its one of the few cryptos that is trying to go mainstream with brick and mortar merchants competing directly with Bitcoin. We saw what happened to xrp recently and the changes they made to try and achieve widespread mainstream adoption.

You would need to define what "as btc regulation draws closer" means. In general, I think legal certainty is necessary to allow for more investment to flow into crypto as a whole.  As more mainstream people understand that crypto currencies are legal and there is a clear legal framework as to how they interact with consumers, it should facilitate adoption. Regulation would affect Dash in the same way it affects the rest of the ecosystem, hopefully a nice equilibrium can be found so that consumers are protected while innovation and investment are encouraged, but you don't mention anything specific in your question so is hard to take a position.

About Ripple Labs, they are a platform that uses blockchain type technology to transfer FIAT among other things, I did not see anything happen to them other than they being required to get licensing for that type of activity. Which a project with 200M+ market cap should be able to do.  

[qwizzie]

Weird.  I just checked my remote wallet, to count the number of YEAs abd git 165 votes.  i look at Crowning's chart: http://178.254.18.153/~pub/Dash/masternode_payments_stats.html and it' has only 1.65% voting (all YEA).

What happened?

Crowning's voting status is unavailable at the moment (the site mentions that currently)

[oblox]

Weird.  I just checked my remote wallet, to count the number of YEAs abd git 165 votes.  i look at Crowning's chart: http://178.254.18.153/~pub/Dash/masternode_payments_stats.html and it' has only 1.65% voting (all YEA).

What happened?

What version wallet on the remote?

[coins101]

As btc regulation draws closer, does anyone have any idea how this could affect dash? as its one of the few cryptos that is trying to go mainstream with brick and mortar merchants competing directly with Bitcoin. We saw what happened to xrp recently and the changes they made to try and achieve widespread mainstream adoption.

You would need to define what "as btc regulation draws closer" means. In general, I think legal certainty is necessary to allow for more investment to flow into crypto as a whole.  As more mainstream people understand that crypto currencies are legal and there is a clear legal framework as to how they interact with consumers, it should facilitate adoption. Regulation would affect Dash in the same way it affects the rest of the ecosystem, hopefully a nice equilibrium can be found so that consumers are protected while innovation and investment are encouraged, but you don't mention anything specific in your question so is hard to take a position.

About Ripple Labs, they are a platform that uses blockchain type technology to transfer FIAT among other things, I did not see anything happen to them other than they being required to get licensing for that type of activity. Which a project with 200M+ market cap should be able to do.  

Sorry to say, but big businesses love regulation. I can tell you this from first hand experience.  When you are big, the proportion of your costs for regulation are negligible.

If blockchain technology is a game changer, big businesses will adopt it and benefit more from it than small businesses because of regulation. Start-ups and small businesses will be pushed out of the way because of the high costs of regulation relative to their size.

This is why Coinbase has raised $100m+, not because their technology is any more superior than DASH, they raised it to get regulated in lots of places.

There are some possible answers to push back against the anti-small business / start-up negative impact of regulations....but that's for another day.

[Lebubar]

Weird.  I just checked my remote wallet, to count the number of YEAs abd git 165 votes.  i look at Crowning's chart: http://178.254.18.153/~pub/Dash/masternode_payments_stats.html and it' has only 1.65% voting (all YEA).

What happened?

Crowning's voting status is unavailable at the moment (the site mentions that currently)

working fine for me :

lebubar@108:~$ ./SeeVotes.sh
YEA 1202
NAY 4
ABSTAIN 1393

[crowning]

Weird.  I just checked my remote wallet, to count the number of YEAs abd git 165 votes.  i look at Crowning's chart: http://178.254.18.153/~pub/Dash/masternode_payments_stats.html and it' has only 1.65% voting (all YEA).

What happened?

I had to re-boot the server where my voting daemon (v0.11.2.23 of course) runs, and for reasons only Evan knows it's now stuck at 43 YEA, 0 NAY and 2557 ABSTAIN.

I think I'll have to look into that code soon...

[AzzAz]

Hm have those guys with MN service voted ( those that Otoh's MN's are servicing ( I forgot their name) )?
2600 MNs!

[the-baker]

Quick question: Should I be worried that Udjin is now (also?) a Coin2.1 dev?

https://github.com/UdjinM6/Coin2.1

[GhostPlayer]

Quick question: Should I be worried that Udjin is now (also?) a Coin2.1 dev?

https://github.com/UdjinM6/Coin2.1

 Worried? It's open-source movement. You work/invest where it inspires you. I once played for three bands at the same time.

[qwizzie]

For those interested :  http://old.onlinecharttool.com/graph.php

Used following data grabbed for my server :

./dashd masternode list votes | grep -c YEA
./dashd masternode list votes | grep -c NAY
./dashd masternode list votes | grep -c ABSTAIN

YEA : 1202
NAY : 4
ABSTAIN (not voted yet) : 1394

[coins101]

For those interested :  http://old.onlinecharttool.com/graph.php

Following data :

YEA : 1202
NAY : 4
ABSTAIN : 1394

The main concerns I have are:

1. Those that have no idea there is a vote going on, so will always remain an abstain until after the voting ends
2. People that don't know how to vote

[the-baker]

Quick question: Should I be worried that Udjin is now (also?) a Coin2.1 dev?

https://github.com/UdjinM6/Coin2.1

 Worried? It's open-source movement. You work/invest where it inspires you. I once played for three bands at the same time.

Well, worried in the sense that he'll divide his limited time between two (or more) projects I mean. Seeing how you post here pretty often I'd venture to guess that none of your three bands ever made it to the big time, either :-)

Of course it's open source and he should work on whatever he finds most interesting, it's just that as an investor I'd find it midly unsettling if that isn't Dash

[Minotaur26]

For those interested :  http://old.onlinecharttool.com/graph.php

Following data :

YEA : 1202
NAY : 4
ABSTAIN : 1394

The main concerns I have are:

1. Those that have no idea there is a vote going on, so will always remain an abstain until after the voting ends
2. People that don't know how to vote

I agree with those concerns, but I also think to some extent we are confusing vote results with level of participation. In this case the approval percentage is 99% yea, that shows a tendency. Participation is about 46% at the moment, so we are really close to above 50% participation which would be ideal.

[eduffield]

Official Vote Update & Team Member Update

https://dashtalk.org/threads/official-vote-update-team-member-update.4855/

[qwizzie]

Official Vote Update & Team Member Update

https://dashtalk.org/threads/official-vote-update-team-member-update.4855/

welcome new core developer Crowning, about bloody time
and thanks for the new official voting statistics link.

[bluebit25]

Hubs = Masternodes? Peter Todd looking at Dash
https://www.reddit.com/r/dashpay/comments/35n2az/hubs_masternodes_peter_todd_looking_at_dash/