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

[toknormal]

The big difference is that me with 1 apartment (in theory, but perhaps not in practise where political persuasion can be bought) has the same voting rights to elect my parliamentary representative as the person with 1000 apartments or indeed the tenants renting those apartments.

In the MN realm, voting power is based on MN ownership

Thats because in a democracy, you have a personal stake in society simply by existing. You *are* a masternode.

In an monetary or corporate asset, however, you don't have any personal stake in it unless you own it, and even at that your stake is still proportional. If I buy 1 share in Apple for $126, 92 cents, I won't have as much voting power as Mr Icahn who bought $3 billion worth of shares.

If I invest 200 hours in building myself a custom guitar, I'll reasonably have more influence its development than you if you invested 5 minutes putting the strings on.

Is anyone seriously arguing that that's a problematic or even unhealthy state of affairs ? In that case I'd be taking decisions with almost nothing to loose ergo = wreckless meanwhile a big investor (by conventional logic) agonizes over every tiny policy but both our votes count the same ?

It isn't capitalism or any other "ism". It's just plain fairness and commercial logic.

The project goes in whatever direction those who are most interested (and therefore most invested) want it to. Minority investors do get something in return for their minority investment - minority risk. Thats what represents the balance of their holding and the large investor's.

[RenegadeMan]

The big difference is that me with 1 apartment (in theory, but perhaps not in practise where political persuasion can be bought) has the same voting rights to elect my parliamentary representative as the person with 1000 apartments or indeed the tenants renting those apartments.

In the MN realm, voting power is based on MN ownership

Thats because in a democracy, you have a personal stake in society simply by existing. You *are* a masternode.

In an monetary or corporate asset, however, you don't have any personal stake in it unless you own it. If I buy 1 share in Apple for $126, 92 cents, I won't have as much voting power as Mr Icahn who bought $3 billion worth of shares.

If I invest 200 hours in building myself a custom guitar, I'll reasonably have more influence its development than you if you invested 5 minutes putting the strings on.

Is anyone seriously arguing that that's a problematic or even unhealthy state of affairs ? In that case I'd be taking decisions with almost nothing to loose ergo = wreckless meanwhile a big investor (by conventional logic) agonizes over every tiny policy but both our votes count the same ?

It isn't capitalism or any other "ism", it's just plain fairness and commercial logic. The project goes in whatever direction those who are most interested (and therefore most invested) want it to.

Yes, agreed. Wasn't for a moment suggesting some sort of socialistic model would be more appropriate. Anyone with a large investment in a publicly listed entity often ends up with considerable say in the direction/strategy of the entity via a board position or serious levels of proxy to a board position. It's just how it works.

But in the early stages of a crypto project like this, it could be argued that if one entity was able to acquire a very large proportion of the MNs, it "may" (and I stress "may" as any adverse direction/decision that affects the crypto's price will NOT be advantageous to this large holding entity) be less than optimal. For instance if, over time, those MNs were purchased in secret by a government three-letter agency for the purposes of doing damage, voting would (potentially) result in constant stalemates and inability to move forward.

There will be issues and flaws in any model; many of which can't be foreseen. I'm sure most will be dealt with as we move forward.

[toknormal]

P.S.

I come from a generally left wing background in terms of family influences and my own political outlook. At the same time I'm not blind and am an enthusiastic logician.  (   Did I invent a new word there ? )

I always think it's hilarious chatting to family members or friends who rage at the "speculative fraud" of the capitalist system, while creaming off their pensions which are only there because of years of traders sweating and working markets to get them the maximum ROI on their salary investments. ok - the traders are only doing it for the bonuses dangled in front of their noses and there is rife systemic financial fraud, but it doesn't change the fact that people lump everything into the one big pot and call it "bad capitalism" when in fact they're happy to take the gains where it suits them.

[RenegadeMan]

P.S.

I come from a generally left wing background in terms of family influences and my own outlook. At the same time I'm not blind and am an enthusiastic logician.  (   Did I invent a new word there ? )

I always think it's hilarious chatting to family members or friends who rage at the "speculative fraud" of the capitalist system, while creaming off their pensions which are only there because of years of traders sweating and working markets to get them the maximum ROI on their salary investments. ok - they're only doing it for the bonuses dangled in front of their noses and there is rife systemic financial fraud, but it doesn't change the fact that people lump everything into the one big pot and call it "bad capitalism" when in fact they're happy to take the gains where it suits them.

Ah Tok, don't get me started on trying to explain such concepts to "family and friends"! The average "regular" citizen in a westernised nation has ABSOLUTELY NO IDEA how any of it works, what money actually is, how their comfortable life is fundamentally rooted in them being closer to the top of the pyramid than most of humanity and why they should switch off their TVs, go and learn about what this thing called "the economy" actually is that we're all involved in rather than sitting around complaining!

[fernando]

I always think it's hilarious chatting to family members or friends who rage at the "speculative fraud" of the capitalist system, while creaming off their pensions which are only there because of years of traders sweating and working markets to get them the maximum ROI on their salary investments.

At least your F&F have private pension funds. They are clueless, but they don't rely on ponzi schemes branded as public pensions!

[RenegadeMan]

I always think it's hilarious chatting to family members or friends who rage at the "speculative fraud" of the capitalist system, while creaming off their pensions which are only there because of years of traders sweating and working markets to get them the maximum ROI on their salary investments.

At least your F&F have private pension funds. They are clueless, but they don't rely on ponzi schemes branded as public pensions!

Unfortunately though Fernando, most have their major wealth tied up in 1) their home 2) their superannuation (which is what we call it in Australia; the equivalent of 401K in the U.S.) and both of these are subject to never ending lies, massive over pricing due to the Fed and other govs' central banks' QE and ZIRP policies. The entire asset base of the world is pumped and teetering/wobbling ready for the inevitable fall. And a demographic shift the likes of which has never been seen before (10s and 100s of millions of baby boomers exiting and wanting to sell just about everything to downsize and head into retirement) and you have the makings of a financial super collapse previously unimaginable.

Mr and Mrs average continue to tune in to the main stream media and be told more lies than the naked emperor wandering through his subjects stark naked in the belief he was wearing that spectacular outfit that only he couldn't see (and the 'critical thinking' skills people need to challenge and question are almost completely missing from the masses who're being hypnotized by continuing bread and circuses).

What's coming isn't going to be pretty that's for sure.

[tungfa]

Dash on Tradeview
(in case you guys did not know)
https://www.tradingview.com/chart/?symbol=BITFINEX%3ADRKBTC

[mjsrs]

Dash on Tradeview
(in case you guys did not know)
https://www.tradingview.com/chart/?symbol=BITFINEX%3ADRKBTC

Heard they were considering adding cryptsy too

[coins101]

P.S.

I come from a generally left wing background in terms of family influences and my own outlook. At the same time I'm not blind and am an enthusiastic logician.  (   Did I invent a new word there ? )

I always think it's hilarious chatting to family members or friends who rage at the "speculative fraud" of the capitalist system, while creaming off their pensions which are only there because of years of traders sweating and working markets to get them the maximum ROI on their salary investments. ok - they're only doing it for the bonuses dangled in front of their noses and there is rife systemic financial fraud, but it doesn't change the fact that people lump everything into the one big pot and call it "bad capitalism" when in fact they're happy to take the gains where it suits them.

Ah Tok, don't get me started on trying to explain such concepts to "family and friends"! The average "regular" citizen in a westernised nation has ABSOLUTELY NO IDEA how any of it works, what money actually is, how their comfortable life is fundamentally rooted in them being closer to the top of the pyramid than most of humanity and why they should switch off their TVs, go and learn about what this thing called "the economy" actually is that we're all involved in rather than sitting around complaining!

Well said, and needs to be said.  I always find it strangle listening to far left luvies who have servants, and spend hours talking about inequality.

[RenegadeMan]

Tok. What say ye?





And BTC was a cent off $242 on Bitfinex just a moment ago too.

[dark-sailor]

will we see testing start today ??

[UdjinM6]

we have a new dev? who's adios?

It's someone from btcsoft https://github.com/dashpay/dash/pull/357

[ddink7]

P.S.

I come from a generally left wing background in terms of family influences and my own political outlook. At the same time I'm not blind and am an enthusiastic logician.  (   Did I invent a new word there ? )

I always think it's hilarious chatting to family members or friends who rage at the "speculative fraud" of the capitalist system, while creaming off their pensions which are only there because of years of traders sweating and working markets to get them the maximum ROI on their salary investments. ok - the traders are only doing it for the bonuses dangled in front of their noses and there is rife systemic financial fraud, but it doesn't change the fact that people lump everything into the one big pot and call it "bad capitalism" when in fact they're happy to take the gains where it suits them.

Agreed. Recently people were arguing that "oil companies are the devil, making billions in profits" without realizing that their pension fund, mutual fund, 401K, etc. was likely at least partially invested in those same stocks, earning dividends and capital gains due to those very profits!

[BiteMyShinyMetalAss]

The price is is 0.011-0.0128 for the past 2 months. Relativelly stable, which is nice. So hope a video is released soon and new update or video with an upadte at the same time! That would be nice!

[toknormal]

Tok. What say ye?

If we pick one of the recent litecoin pumps for analysis and go down to the 1-minute chart, check the volume bars. You'll see that the pump happened over a period of 4 minutes.

However, notice something interesting about the first minute: The volume bar is humungous - 220 odd BTC's worth in what must have been 2 or 3 trades at most, possibly even a single trade.

Notice the corresponding minute-1 candle, however. It doesn't even budge. The price doesn't move until the second minute by which time $50,000 worth of litecoin has already been bought going into minute 2.

So somebody was trying to break a massive resistance wall and turn the trend around by sheer brute force. I'll leave it to the politicians and 'industry insiders' in this thread to speculate over who was doing that and why, but it seems like a major piece of market engineering to me. Maybe the Chinese exchanges are giving the market a "stir" to get it moving again.

You can see why they might want to do that from the 1-week chart which kind of puts this pump into perspective. I suppose 100 grand is small beans to them if it can keep your business model alive. (Emphasis: only my speculation. Could be anything).

[s1gs3gv]

If we pick one of the recent litecoin pumps for analysis and go down to the 1-minute chart

Rotation into LTC due to increasing concern over Bitcoin hard fork to implement blocksize changes. Expect an interesting ride. Some other alts may also benefit.

[toknormal]

If we pick one of the recent litecoin pumps for analysis and go down to the 1-minute chart

Rotation into LTC due to increasing concern over Bitcoin hard fork to implement blocksize changes.

Could be. Hadn't thought of that (probably cos it's the most obvious theory !)

[coingun]

DASH client's done syncing, lottos 100% ready for use... if interested in checking it out see link in my sig ;-)

Don't hold your breathe
We've seen enough $CAM$ to know better

I'll give $300USD to my local Casino before I drop 1DASH/Crypto into ANY "Crypto-site" like yours
I'm sure you'll get some takers but I'll still hold out - watching......
and then.....
......one day - oh so you do say.....
BUH BYE BITCHES!!!
- when you get to the level of - LMFAO - SEE YA!!!!!


You want some trust -
PROVE who you are too us/the world with verifiable INFO

Then I/we might trust you....................

Prove your not a low-life scammer................can you???

Can.........you?
Will you?
Doubtful.....



Looking at your TRUST
Making a few trades/loans with (2) people over time does nothing for me.


I once "bought" a Cam-corder from a guy on e-bay for $89 - from China = SCAM
S/he sold a LOT of simple and low $$ items for 3 years
Had a 99.9% ranking
His/her BIG take was on the Cam-corders

8000 for $89 near X-mas = FUCKING SCAM
(and it was) = SCAM

Prove your not a low-life scammer................can you???
I'm thinking...... NO!!

#(7p of 20p) completed - updating as I write :-P
#Yeah - it could be that time again :-P
#LMFAO

Keep in mind Lotto boy/girl
Ignoring me does not make me go away - but - you CAN go sell your Lotto snake oil some place else

Even if you make good for 6 months to a year - I still won't trust you

PUT out verifiable info for us to verify.......



I could just be pissed because the, Austin City Limits episode of NINE INCH NAILS completely SUCKED!!!
What a fucking disappointment!!!!! - UGH



Prove your not a low-life scammer................can you???
CAN....................YOU???

http://cqcounter.com/whois/?query=spend-ur-bits.com

you got nothing................

Honestly Mangled I've bite my tongue for a long time but smarten the fuck up. You are acting like a 15 year old. Pissing on other peoples threads, jumping on people, I get you are "trying" to help our image but honestly you look like a fucking tool. Smarten up.

[Xdragon]

Is it possible to implement wallet recovery option like on Monero, where 25 random words are generated, so that you can recovery wallet.dat file even if you lost it? I think something like that is a must have for a future of cryptocoins.

[RenegadeMan]

Honestly Mangled I've bite my tongue for a long time but smarten the fuck up. You are acting like a 15 year old. Pissing on other peoples threads, jumping on people, I get you are "trying" to help our image but honestly you look like a fucking tool. Smarten up.

I'd have to agree with coingun's comments.

I don't know what's happened to you Mangled. You've been a long time community member here and you've posted lots of interesting and very helpful things since I've been involved in Dash (which goes back to Mar last year). In all that time though I've never seen you posting with such vitriol and acrimony. Are you okay? I know you've either moved to somewhere in South America (or you're about to?....or something?) and perhaps you're under a fair bit of strain but that last vomit session in this thread with the lotto guy is similar to many recent ones, but on-the-whole out of character to how you normally are.

I hope you're okay. If you're struggling and need help PM me (not that I can do too much but I'd hate to think all's not well and we're all just here not really aware of it).

You're one of the good guys.