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

[Artoodeetoo]

Glad I grabbed 2 BTC more earlier from the bargain bin..

I think its DASH's turn for a run now...

[toknormal]

Glad I grabbed 2 BTC more earlier from the bargain bin..

I think its DASH's turn for a run now...

You mean this ?

(WARNING: Not investment advice    )

[kointrend]

Glad I grabbed 2 BTC more earlier from the bargain bin..

I think its DASH's turn for a run now...

You mean this ?

(WARNING: Not investment advice    )

LMFAO 

[qwizzie]

thats one huge green dildo   

[Sub-Ether]

You mean this ?

(WARNING: Not investment advice    )

Last but not least  

[toknormal]

https://github.com/bitcoin/bitcoin.org/pull/894

Very interesting reading that and the comments following it.

Looks like the uncontentious bitcoin.org are making contentious statements about dropping all non-concensus oriented parties from any contended hardforks and that's causing people to contend the logic behind their definition of consensus since they argue that most contention originates in the self-appointed uncontentious camp anyway.

bitcoin.org have apparently hit back saying they're not contending the hardfork, just the issue of contentiousness itself.

Confused ? You will be after you read it.

[Sub-Ether]

Look at the times the big buys were made,

on bittrex = 20.00
on bitfinex = 20.00
on cryptsy = 20.00
usecryptos = 19.00 (@20.00  I think, got different time settings)

Sure there is a pattern there somewhere  

[wozzek23]

I sure hope nobody interprets my idle ramblings on here as "investment advice".

All my trades are made solely on your advice  

Mine too. Toknormal is a menace 

[Sub-Ether]

I sure hope nobody interprets my idle ramblings on here as "investment advice".

All my trades are made solely on your advice  

Mine too. Toknormal is a menace 

He works on a 2 way pegged commission basis, and so far he owes me 1 entire masternodes worth

[TanteStefana2]

DASH price is now lower than 0.01171874 BTC, the penultimate Darkcoin price in my records (February 19th, 2015) and much lower than the very last recorded price, on March 4th when DRK was at 0.01330801 BTC, about a week before "re-branding." (12.50% lower than 3 months and a week ago)

Full three months and some after the brand change, not a single exchange or a big retailer (that "might accept Dash IF the name was changed...") has accepted it; but the said acceptance had been by far the most important reason for the Foundation Members to push for the change and demise of the coolest brand ever, that of Darkcoin. After briefly getting on the #4 on https://coinmarketcap.com/#USD DASH is now only on the 7th place.

The more I look at this the more I abhor the most ridiculous brand change in recent history.

Do not get me wrong, I think Self-sustainable Decentralized Governance by Blockchain at https://dashtalk.org/forums/official-announcements.54/ is an idea of a genius, and all the ongoing developments, including Project Management and Delivery Excellence Initiative, and the upcoming version 12 might tip the scale but I do not see it.

As I already stated here, this is how stupid the people are. And yes, I share the same stupidity but I also know the brand & marketing can make or break you and your project. With the video production we paid for (partially for Evan forked out the needed, over 50% I think) over three months ago still being in, well, production, I dread future marketing moves and I pray to be proven wrong.

I liked the Darkcoin name as well, but nobody would see the name in the way I thought it should be seen.  Though I used to argue to keep the name, at least 6 months ago I changed my mind.  I had no illusions that we would have sudden adoption just because we changed our name.  Instead, I think most of us were thinking about the future.  Crypto currencies are still relatively unknown.  Even Bitcoin has a teeny tiny slice of commerce, and that's only for a click of enthusiasts.

The name change was for the future.  By the time that future arrives, no one will remember "Darkcoin" except the historians.  And at that time, a "Positive and happy" name like DASH will serve us very well where as "Darkcoin" would have been dead in the water.

You see, it became very apparent already a year ago that DASH was the only contender as a real currency.  Reference all the reasons by looking up Toknormal's little lectures, he hits it right on the head and says it all so much better than I ever could.  Then look up Minotaur's posts, because he has written on other reasons why DASH is the only possible future to cryptos.  Bitcoin will only become a counter-party tool.  The Banks that will be employing Bitcoin have no interest in using it as a currency, only as a tool for business as usual, but a bit cheaper.

So just because the name change hasn't catapulted DASH into wide spread real world use yet means nothing.  That is a silly and unrealistic hope.  DASH is still actively being developed and is only nearing completion, really DASH 1.0.  The complete package is not finished yet (thought there will always be development, a stable and complete system that has been used and tested over time is still to come)  And think on this, we have yet to actually start a marketing campaign.  Our voluntarily, group funded intro to DASH video is almost finished (animations are being hashed out now) And it will only be the start of introducing DASH to the world.

You see, DASH still has it's eyes on the prize.  It still aims to be a currency that replaces the faulty and heavily manipulated fiat currencies of the world.

[Artoodeetoo]

This is a marathon not a sprint.. I miss the "Dark" days, it sounded so cool, but if this is ever to go "massive" then DASH is the right name... Darkcoin just would not have done it.

It's obviously a risk but I think it will pay off, we are talking long term here though, remember the coin is barely over a year old!

[eduffield]

v12 Testing Has Begun! Come help out if you can

https://dashtalk.org/threads/v12-testing-thread.5484/

[toknormal]

v12 Testing Has Begun! Come help out if you can

https://dashtalk.org/threads/v12-testing-thread.5484/

B*ck !   Did I read that right ?

Dash is about to get over quarter of a million dollars annual development budget straight out of the blockchain at current valuations ?

[TanteStefana2]

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...)

 

If everything stayed static, yes, OTOH would increase his masternode count and continue to grow at a much faster rate than you.  However, in reality, there are now, and undoubtedly will be more masternode sharing opportunities.  These opportunities will undoubtedly become more decentralized, that is, I suspect that something will happen to make it so you don't have to give your coins to the entity that runs the shared masternodes, but rather just show proof and lock your coins for an agreed amount of time.  This will probably happen soon, IMO, because there is demand.  In that case, when this is set, you will be able to keep up with OTOH without additional risk.

[coins101]

v12 Testing Has Begun! Come help out if you can

https://dashtalk.org/threads/v12-testing-thread.5484/

Cool.

$24,000 per month, at current prices, for development efforts. Wow.

[toknormal]

$24,000 per month, at current prices, for development efforts. Wow.

Suddenly all this governance stuff makes sense to me now.

I've been thinking we've been talking about budgets like 10 or 12 grand a year or something. I thought it might be a bit over-managed. This changes everything - there's actually going to be some major cash available to throw at exciting challenges. I can see I've been asleep to the potential of this whole phase of development - well I think I just woke up.

I might actually do some voting now.

Awesome !

P.S. Plus there's the option of paying developers in Dash, thereby avoiding throwing it on the market plus, increasing adoption (by transacting real services in Dash). Another great virtuous cycle created that is so characteristic of this coin's economic model.

[Sub-Ether]

v12 Testing Has Begun! Come help out if you can

https://dashtalk.org/threads/v12-testing-thread.5484/

I'll make the coffee and be general all round teas maid 

[TaoOfSaatoshi]

v12 Testing Has Begun! Come help out if you can

https://dashtalk.org/threads/v12-testing-thread.5484/

I'll make the coffee and be general all round teas maid 

Tweeted, officially and unofficially.

Happy testing, mates!

[RenegadeMan]

v12 Testing Has Begun! Come help out if you can

https://dashtalk.org/threads/v12-testing-thread.5484/

I'll make the coffee and be general all round teas maid 

White tea with a of honey thanks Sub-Ether.

[Sub-Ether]

v12 Testing Has Begun! Come help out if you can

https://dashtalk.org/threads/v12-testing-thread.5484/

I'll make the coffee and be general all round teas maid 

White tea with a of honey thanks Sub-Ether.

Its brewing, wait 10 minutes for the flavour to perculate thru and then I'll pour it out