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

[coingun]

Damn... not good for my nerves, feeding them with even more skepticism. Instead of a "big exchange" adopting it, some small one is dumping DASH. Never a good news and, as a result, the only currency (among first 10) on https://coinmarketcap.com/#USD that is losing the value. It sucks.

The ONLY positive metrics out of all I follow is the total MN count, currently at 2663, but this raises another underlying issue I'd like to inquire about. It seems to me MN payments reward system creates even greater inequality in MN space than in the fiat world. Help me understand the math guys please:

If you have a $1,000.000.00 in fiat and I have $1,000.00 and we both invest in CD getting 5% a year you will have, compounded, in 10 years
$1,628,894.62 and I will have $1,628.89. So you still have 1000 times more than I have. Correct?

Now, I have a Masternode and Otoh has 1,000 Masternodes. (these are hypothetical numbers to make the math easier to follow) Also a thousand times more than me. But both my 1K and his 1M yield, say, 5% a year. (again, for easier math)

So now, 1,000 masternodes = 1,000,000 coins = at 5% gives 50,000 coins "interest" or another 50 Masternodes.

So now he has (compounding his profit) 1,050 MN vs. my 1 (plus 50 coins)
 
The 2nd year, his 1,050 MN gets 52500 coins to my 50. so, on the second year he has 1102 (plus 0.5 to invest with splawik) Masternodes and I still have one MN (and 100 coins as interest)

Is he now 1,100 times richer than I am or still "only" 1,000 times?


Math is a tricky thingy and I am not sure I understand it but you guys are smarter than me. What's wrong with my calculations or, if nothing, isn't that MN "compounding" can create a much wider wealth gap than it is the case in fiat? (if so, it also gives enormous voting power to only a few hands, even worse than in the corrupt political system of the fiat world...)

 

Is the converse of this saying that a miner with more video cards then me is going to get more coins then me? I hate to tell you but your maths doesn't really compute for me.

Let's look at some pretty pictures with your math.
Your 1 masternode
http://imgur.com/0qUSk3t,X1Qbu3v#0
Molly's 1000 masternodes
http://imgur.com/0qUSk3t,X1Qbu3v#1

Seems like same numbers to me shifted by the decimal point just like your compounding fiat example? I'm bad at maths so what did I miss?

[RenegadeMan]

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).

Very interesting observations Tok (the initial volume with no price movement in the first minute). I knew you'd come back with something worth pondering on. Thanks.

[coingun]

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

Thanks for taking the time to support Dash. Sorry mangled is acting like the king of cryptofucktardia. I know it's a lot of work to stand-up another coin on your service and we do appreciate it.

Since Mangled has gone all Justin Beliber on us I think what he was attempting to say is that this thread has been filled with a lot of scammer who come asking for money and want to remain anonymous. Some sites have take the time to list who is involved and where they are. Your site is a bit lacking in terms of who sites behind it. The contact page just an email for and the about page saying just email us. Then again your domain whois info isn't private so someone's name is attached at some point.

Anyways I won't be using the lottery myself I'd rather just rain Dash onto people in IRC but hopefully someone will and report back. Sorry again about MangleBluetard.

[toknormal]

Very interesting observations Tok (the initial volume with no price movement in the first minute). I knew you'd come back with something worth pondering on. Thanks.

What will be interesting to see is how they keep this going.

Does it generate its own momentum (it hasn't done since early 2013) or does it float like a lead balloon ?

(Put it this way, I for one won't won't be spending any money on finding out   )

[RenegadeMan]

Very interesting observations Tok (the initial volume with no price movement in the first minute). I knew you'd come back with something worth pondering on. Thanks.

What will be interesting to see is how they keep this going.

Does it generate its own momentum (it hasn't done since early 2013) or does it float like a lead balloon ?

(Put it this way, I for won't won't be spending any money on finding out   )

Me neither!

Thing's gonna drop again like set of car keys down a storm water drain. Might not be for a day or two but when all the BTC-e troll box LT"it's gonna moon again"C biggots stop high fiveing each other, there'll be this sudden realisation it wasn't based on anything fundamental and everyone's going to race for the exit at the same moment (just as a Chinese exchange proprietor LTC whale's dropping out of the sky to squash them).

[Rux]

im glad LTC is pumping up,even if i only have 1

i remember when Dash went like this, i like watching those buys, green green green

[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.

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

The simplest explanations are often the most easily overlooked. LTC now @ 2.42 2.45 2.48 2.55.

[s1gs3gv]

Me neither!

Thing's gonna drop again like set of car keys down a storm water drain. Might not be for a day or two but when all the BTC-e troll box LT"it's gonna moon again"C biggots stop high fiveing each other, there'll be this sudden realisation it wasn't based on anything fundamental and everyone's going to race for the exit at the same moment (just as a Chinese exchange proprietor LTC whale's dropping out of the sky to squash them).

You fellas are just jealous.

~LOL~

[Rux]

Me neither!

Thing's gonna drop again like set of car keys down a storm water drain. Might not be for a day or two but when all the BTC-e troll box LT"it's gonna moon again"C biggots stop high fiveing each other, there'll be this sudden realisation it wasn't based on anything fundamental and everyone's going to race for the exit at the same moment (just as a Chinese exchange proprietor LTC whale's dropping out of the sky to squash them).

You fellas are just jealous.

~LOL~

there is truth there, not jealous to much...but jealousy at small portion

i wish LTC goes and stays there, i really dont have anything against it... when i think better, i love LTC more than BTC now

[MoreBloodWine]

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

Thanks for taking the time to support Dash. Sorry mangled is acting like the king of cryptofucktardia. I know it's a lot of work to stand-up another coin on your service and we do appreciate it.

Since Mangled has gone all Justin Beliber on us I think what he was attempting to say is that this thread has been filled with a lot of scammer who come asking for money and want to remain anonymous. Some sites have take the time to list who is involved and where they are. Your site is a bit lacking in terms of who sites behind it. The contact page just an email for and the about page saying just email us. Then again your domain whois info isn't private so someone's name is attached at some point.

Anyways I won't be using the lottery myself I'd rather just rain Dash onto people in IRC but hopefully someone will and report back. Sorry again about MangleBluetard.

Welcome, as for the contact page. I at one point had a whole thing written out but forgot to back it up when I redid the site so I need to sit down and try to rework if best I can.

As for who sits behind the curtain, I do as the sole owner of it and all my other sites under landis holdings which is Jaguar PC... everything runs off a cloud based server.

FWIW if it helps some people feel better. I'll post basic info and if someone really wants to know where I live they can take it upon themselves to find out. But personal info like my full address, telephone etc. isn't to be posted for no reason, like dont find out where I live and go blah blah blah heres his address if he fuds you.

I may have stole candy bars from 7-11 when I was younger but I'm 33yrs old and know how to act my age and be responsible enough to not fuck ne one over.

But yes, it would be nice if at some point down the road people did decide to use the system and post back. Assuming the players who do decide to play, if they ever do are uses of this forum / DASH thread.

Andrew McNamara
33yrs old
Meadville Pa 16335

https://www.facebook.com/andrew.mcnamara.336

Edit: I redid the About page a bit but as for the contact page. Don't really see how that could be improved upon as it's a generalized page for people to contact me about orders or any other issues pertaining to the site.

[toknormal]

Bitcoin is starting to look incredibly bullish to me.

All the charts are poised. It's been flat and compressed for a good few months. The whole world has heard of Bitcoin since the late 2013 China bullrun. If it starts to take off the whole market across the board should see a fair influx of new capital.

1-Day MACD looks like it wants to explode (is exploding). The 1-day on-balance-volume has actually started a razor sharp bull run since the 1st of June - up till then it was bobbing around all over the place but the last 20 days it just looks like a man on a mission.

Also, the fact that alts seem to be moving in tandem instead of in opposition may imply that new money is entering the market.

[kointrend]

 

Damn... not good for my nerves, feeding them with even more skepticism. Instead of a "big exchange" adopting it, some small one is dumping DASH. Never a good news and, as a result, the only currency (among first 10) on https://coinmarketcap.com/#USD that is losing the value. It sucks.

The ONLY positive metrics out of all I follow is the total MN count, currently at 2663, but this raises another underlying issue I'd like to inquire about. It seems to me MN payments reward system creates even greater inequality in MN space than in the fiat world. Help me understand the math guys please:

If you have a $1,000.000.00 in fiat and I have $1,000.00 and we both invest in CD getting 5% a year you will have, compounded, in 10 years
$1,628,894.62 and I will have $1,628.89. So you still have 1000 times more than I have. Correct?

Now, I have a Masternode and Otoh has 1,000 Masternodes. (these are hypothetical numbers to make the math easier to follow) Also a thousand times more than me. But both my 1K and his 1M yield, say, 5% a year. (again, for easier math)

So now, 1,000 masternodes = 1,000,000 coins = at 5% gives 50,000 coins "interest" or another 50 Masternodes.

So now he has (compounding his profit) 1,050 MN vs. my 1 (plus 50 coins)
 
The 2nd year, his 1,050 MN gets 52500 coins to my 50. so, on the second year he has 1102 (plus 0.5 to invest with splawik) Masternodes and I still have one MN (and 100 coins as interest)

Is he now 1,100 times richer than I am or still "only" 1,000 times?


Math is a tricky thingy and I am not sure I understand it but you guys are smarter than me. What's wrong with my calculations or, if nothing, isn't that MN "compounding" can create a much wider wealth gap than it is the case in fiat? (if so, it also gives enormous voting power to only a few hands, even worse than in the corrupt political system of the fiat world...)

 

Is the converse of this saying that a miner with more video cards then me is going to get more coins then me? I hate to tell you but your maths doesn't really compute for me.

Let's look at some pretty pictures with your math.
Your 1 masternode
http://imgur.com/0qUSk3t,X1Qbu3v#0
Molly's 1000 masternodes
http://imgur.com/0qUSk3t,X1Qbu3v#1

Seems like same numbers to me shifted by the decimal point just like your compounding fiat example? I'm bad at maths so what did I miss?

Yes, a miner with more video cards then me is going to get more coins then me... but what you miss is that besides he will get new masternodes quickly than me and consequently more coins! So yes, he will be richer than me not only 1000 times but more 

[s1gs3gv]

Bitcoin is starting to look incredibly bullish to me.

So you recommend buying BTC now at these levels ?

[toknormal]

So you recommend buying BTC now at these levels ?

If I had no crypto at all, I'd definitely be buying now.

I can't really see it going back below $200. Nothing is certain but I can think of worse times to buy. Having said that, we could easily retest 220 before the next major run up.

The only reason anybody buys bitcoin is because they think it's going to $100,000 isn't it ? So in that context, who cares if it's bought at 220 or 240

[s1gs3gv]

So you recommend buying BTC now at these levels ?

If I had no crypto at all, I'd definitely be buying now.

I can't really see it going back below $200. Nothing is certain but I can think of worse times to buy. Having said that, we could easily retest 220 before the next major run up.

The only reason anybody buys bitcoin is because they think it's going to $100,000 isn't it ? So in that context, who cares if it's bought at 220 or 240

I think most people have moved past the initial euphoria associated with the Mt. Gox pump era and now view bitcoin prices more like commodity prices … ie: trending towards the cost of production long term.

[toknormal]

I think most people have moved past the initial euphoria associated with the Mt. Gox pump era and now view bitcoin prices more like commodity prices … ie: trending towards the cost of production long term.

Then I'm clearly not "most people", otherwise w.t.f. am I doing here    

(P.S. Unlike mineral deposits in the ground, in cryptocurrencies, the 'cost of production' increases in proportion to the 'euphoria'     )

50 BTC on BTCe....munched.

100 BTC on BTCe....munched.

81.....munched.

It's panic folks. Must be cos I posted that last analysis and the Dash thread is cryptocurrency porn - i.e. everybody reads it but nobody admits to it 

[s1gs3gv]

I think most people have moved past the initial euphoria associated with the Mt. Gox pump era and now view bitcoin prices more like commodity prices … ie: trending towards the cost of production long term.

Then I'm clearly not "most people", otherwise w.t.f. am I doing here    

(P.S. Unlike mineral deposits in the ground, in cryptocurrencies, the 'cost of production' increases in proportion to the 'euphoria'     )

50 BTC on BTCe....munched.

100 BTC on BTCe....munched.

81.....munched.

It's panic folks.

Panic over what ?

[qwizzie]

I think most people have moved past the initial euphoria associated with the Mt. Gox pump era and now view bitcoin prices more like commodity prices … ie: trending towards the cost of production long term.

Then I'm clearly not "most people", otherwise w.t.f. am I doing here    

(P.S. Unlike mineral deposits in the ground, in cryptocurrencies, the 'cost of production' increases in proportion to the 'euphoria'     )

50 BTC on BTCe....munched.

100 BTC on BTCe....munched.

81.....munched.

It's panic folks.

Panic over what ?

the fear of buying back in too late..

[Rux]

Dont get ahead of your self, its so easy to go back to 220$ but i wish it goes over 300$

[qwizzie]

soo close to that 249.22