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

[fernando]

Quick question :

All these discussions on the fixed blocksize limit that Bitcoin is facing and the possible solution to that (increasing the blocksize limit),
is that something that Dash and other altcoins will face too in the near future ? Or has it been fixed with Dash already ?
I vaguelly remember some Dash discussions about this some time ago .. i cant remember the details.
  

We have one big advantage, masternodes get paid and bitcoin nodes don't. Thanks to that, we could eventually increase the block size and masternodes would have an incentive to follow through and improve their specs and pay for bandwidth so they could manage bigger blocks. Anyway, our blocks are also 1MB, but happen every 2.5 min instead of 10 min, so we have a bigger room to fill.

Also, bigger blocks would not be a PIA for users because we will have the trimmed blockchain version maintained by masternodes. For the average user the blockchain will be small.

Edit: added a couple words for clarity

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[qwizzie]

Quick question :

All these discussions on the fixed blocksize limit that Bitcoin is facing and the possible solution to that (increasing the blocksize limit),
is that something that Dash and other altcoins will face too in the near future ? Or has it been fixed with Dash already ?
I vaguelly remember some Dash discussions about this some time ago .. i cant remember the details.
  

We have one big advantage, masternodes get paid and nodes don't. Thanks to that, we could eventually increase the block size and masternodes would have an incentive to follow through and improve their specs and pay for bandwidth so they could manage bigger blocks. Anyway, our blocks are also 1MB, but happen every 2.5 min instead of 10 min, so we have a bigger room to fill.

Also, bigger blocks would not be a PIA for users because we will have the trimmed version maintained by masternodes. For the average user the blockchain will be small.

thanks for your reply Fernando .. very informative.

[MoreBloodWine]

Quick question :

All these discussions on the fixed blocksize limit that Bitcoin is facing and the possible solution to that (increasing the blocksize limit),
is that something that Dash and other altcoins will face too in the near future ? Or has it been fixed with Dash already ?
I vaguelly remember some Dash discussions about this some time ago .. i cant remember the details.
  

We have one big advantage, masternodes get paid and nodes don't. Thanks to that, we could eventually increase the block size and masternodes would have an incentive to follow through and improve their specs and pay for bandwidth so they could manage bigger blocks. Anyway, our blocks are also 1MB, but happen every 2.5 min instead of 10 min, so we have a bigger room to fill.

Also, bigger blocks would not be a PIA for users because we will have the trimmed version maintained by masternodes. For the average user the blockchain will be small.

Just so I can say that I asked, has there even been talk of BTC masternodes ? Or do they exist and I've just never been aware ?

[fernando]

Quick question :

All these discussions on the fixed blocksize limit that Bitcoin is facing and the possible solution to that (increasing the blocksize limit),
is that something that Dash and other altcoins will face too in the near future ? Or has it been fixed with Dash already ?
I vaguelly remember some Dash discussions about this some time ago .. i cant remember the details.
  

We have one big advantage, masternodes get paid and nodes don't. Thanks to that, we could eventually increase the block size and masternodes would have an incentive to follow through and improve their specs and pay for bandwidth so they could manage bigger blocks. Anyway, our blocks are also 1MB, but happen every 2.5 min instead of 10 min, so we have a bigger room to fill.

Also, bigger blocks would not be a PIA for users because we will have the trimmed version maintained by masternodes. For the average user the blockchain will be small.

Just so I can say that I asked, has there even been talk of BTC masternodes ? Or do they exist and I've just never been aware ?

Not that I know. I've seen some messages of people saying that bitcoin nodes should be incentivized somehow, but I believe there is no developed proposal for anything in that direction. Masternodes are the key to all Dash innovation 

[s1gs3gv]

Think about it:

When the cryptocurrency economy is capitalised from outside (i.e. new money comes in from fiat as opposed to incestuous intra-crypto trading), bitcoin will rise against the dollar because bitcion is the front door for the whole economy.

(P.S. 112 BTC on BTCe.....munched)

Meanwhile, all the alts will also rise against fiat, without any movement in their markets whatsoever, because they are effectively "backed" by BTC.

HOWEVER, if ANY of that fiat dribbles into the alts (i.e. someone invests $1000 in crypto, they put 900 into BTC and 100 into Dash/LTC/PPC/Nxt whatever) then those alts will ALSO rise against BTC in their ALT/BTC ratios.

So holding alts is a good thing. As BTC gets capitalised, you will get a leveraged gain over BTC in the long term as long as the alt is reasonably stable in fundamentals against BTC. (Thats my theory anyway and I'm sticking to it   ).

I did. Your theory is contradicted by fact. Between the period Nov-10-2013 and June-17-2015 BTC attracted an enormous amount of new capital. However the price of BTC is now lower.

Holding alts was not a good thing for DOGE bagholders nor for many other alts.

[BiteMyShinyMetalAss]

Think about it:

When the cryptocurrency economy is capitalised from outside (i.e. new money comes in from fiat as opposed to incestuous intra-crypto trading), bitcoin will rise against the dollar because bitcion is the front door for the whole economy.

(P.S. 112 BTC on BTCe.....munched)

Meanwhile, all the alts will also rise against fiat, without any movement in their markets whatsoever, because they are effectively "backed" by BTC.

HOWEVER, if ANY of that fiat dribbles into the alts (i.e. someone invests $1000 in crypto, they put 900 into BTC and 100 into Dash/LTC/PPC/Nxt whatever) then those alts will ALSO rise against BTC in their ALT/BTC ratios.

So holding alts is a good thing. As BTC gets capitalised, you will get a leveraged gain over BTC in the long term as long as the alt is reasonably stable in fundamentals against BTC. (Thats my theory anyway and I'm sticking to it   ).

I did. Your theory is contradicted by fact. Between the period Nov-10-2013 and June-17-2015 BTC attracted an enormous amount of new capital. However the price of BTC is now lower.

well, it was also goxed. The price raised a lot! And it went down, because capital left. The sudden increase in price led lots of people to sell of bitcoin, and it was mainly people who bought btc at an early days and had thousands of it... BTC economy was at high speculative stage, while now there is a lot of 'infrastructure' to spend it. You can use shapeshift, buy items from amazon, also other services that allow you buying from many websites, you can pay bills, get your salary paid by btc (usa only now), dating sites, electronics, travel, hotels, etc...  So i think, the theory is not flauded.

Also, DOGE is a joke coin. It is designed to be inflatory, people bought into it for a quick gain and it did not happen (why should it?). While LTC offered something what BTC did not (speed). DASH, on the contrary, beats LTC in speed, offers many fixes for BTC. Especially the annonimyty, the way it is supposed to be.  Also beauty of DASH is, that people who want to use it like BTC still can!  So if coinbase introduced DASH without a Darksend, that still would be great!

[_javi_]

the capital went to start ups, not directly to buying coins.

[s1gs3gv]

 So i think, the theory is not flauded.

The theory is most certainly flauded (sic) ~LOL~
It doesn't consider the effects of capital destruction, amongst many other things.

[BiteMyShinyMetalAss]

 So i think, the theory is not flauded.

The theory is most certainly flauded (sic) ~LOL~
It doesn't consider the effects of capital destruction, amongst many other things.

hahahahahaha , flawed*  

Capital destruction like, selling coins imediatelly for fiat or destruction of coins?

[poiuty]

p2pool testnet => http://p2pool.pl:17903/static/

[kaene]

Bitcoin volume ramping up.

98 BTC on BTCe.........munched.

Incredible 24 hour rise of many alt coins,

67    ZcCoin ZcCoin        105.78 %    
80    BoostCoin BoostCoin    92.62 %    
86    TagCoin TagCoin     90.16 %    
58    Applecoin Applecoin     70.34 %

Did you notice these coins are mostly or only traded in btc38?  

[s1gs3gv]

DASH, on the contrary, beats LTC in speed, offers many fixes for BTC. Especially the annonimyty, the way it is supposed to be.  Also beauty of DASH is, that people who want to use it like BTC still can!  So if coinbase introduced DASH without a Darksend, that still would be great!

I'm not disputing the fact that DASH has some interesting or, for its time, innovative features. This does not guarantee its success, nor its price appreciation. You only have to look at the example of the last few days to see that. Plain old ugly LTC has more than doubled while DASH is just sitting there surrounded by worshipful bagholders masternode owners proclaiming its greatness to each other.

[s1gs3gv]

Capital destruction like, selling coins imediatelly for fiat or destruction of coins?

capital destruction as in buying at $1000 and selling at $150

[BiteMyShinyMetalAss]

DASH, on the contrary, beats LTC in speed, offers many fixes for BTC. Especially the annonimyty, the way it is supposed to be.  Also beauty of DASH is, that people who want to use it like BTC still can!  So if coinbase introduced DASH without a Darksend, that still would be great!

I'm not disputing the fact that DASH has some interesting or, for its time, innovative features. This does not guarantee its success, nor its price appreciation. You only have to look at the example of the last couple of days to see that. Plain old ugly LTC has more than doubled while DASH is just sitting there surrounded by worshipful bagholders masternode owners.

and why LTC is going up? it is speculation, there is no need to use LTC over BTC, at the moment LTC does not give any advantage. DASH,  is still relativelly young, one year old and undergoes major development. Also, DASH has less people involved than LTC, additionally, users that are interested in privacy are divided via several alts. What annoys me, is that a lot of people and developers tries to troll other annon alts, over developing their own. So you can say bagholders and etc, yet every single annon alt can be viewed this way! No different from LTC, just because it experiences a huge spike now, does not mean it is sustainable. Regardless, this also goes to a theory, as BTC raises, some people diversify and buy alt coin of their choice...

[BiteMyShinyMetalAss]

Capital destruction like, selling coins imediatelly for fiat or destruction of coins?

capital destruction as in buying at $1000 and selling at $150

Yes, it happens. I feel bad for telling my friend to buy some BTC at 500$ and he sold at 400$ because he got scared... While some people who sold at lower price are buying back... Also, diversification of capital, i sold my BTC too, bought at lower price and then sold for alt coins...

[toknormal]

Your theory is contradicted by fact. Between the period Nov-10-2013 and June-17-2015 BTC attracted an enormous amount of new capital. However the price of BTC is now lower.

Holding alts was not a good thing for DOGE bagholders nor for many other alts.

There have only been two significant influxes of fiat to the crypto economy during the last 3 years or so.

One was around April 2013 (Cyrpus+Spain crisis), the other was during the November-December period 2013 (China).

The way to test the theory is to measure the ALT / BTC ratio of some key alts for, say:

March 2013 vs May 2013

and

September 2013 vs January/Feb 2013

....i.e. either side of the bitcoin rise.

[MoreBloodWine]

Quick question :

All these discussions on the fixed blocksize limit that Bitcoin is facing and the possible solution to that (increasing the blocksize limit),
is that something that Dash and other altcoins will face too in the near future ? Or has it been fixed with Dash already ?
I vaguelly remember some Dash discussions about this some time ago .. i cant remember the details.
  

We have one big advantage, masternodes get paid and nodes don't. Thanks to that, we could eventually increase the block size and masternodes would have an incentive to follow through and improve their specs and pay for bandwidth so they could manage bigger blocks. Anyway, our blocks are also 1MB, but happen every 2.5 min instead of 10 min, so we have a bigger room to fill.

Also, bigger blocks would not be a PIA for users because we will have the trimmed version maintained by masternodes. For the average user the blockchain will be small.

Just so I can say that I asked, has there even been talk of BTC masternodes ? Or do they exist and I've just never been aware ?

Not that I know. I've seen some messages of people saying that bitcoin nodes should be incentivized somehow, but I believe there is no developed proposal for anything in that direction. Masternodes are the key to all Dash innovation 

A node is basically an online wallet right, so if that did happen, just about everyone with a wallet would be getting somethin heh

Either way it'd be pretty cool.

[coingun]

I might not be able to afford a MN at the cost of ~12BTC but I can certainly play around with v12 for DASH.

Have somebody send you 1000tDASH and you can build a tMN
It's free and a GREAT way to learn the DASH "system"

Sorry about busting your balls last night but - I hate scammers......
Just do me/us a favor - prove your worth and make me eat my words - k?
K

I'm going through a LOT of shit right now and yes, the pints got the better of me.
While I understand that's no excuse but - I hate scammers......

Right than.... Luv me or hate me.....
Feel free to blow me some shit from time to time

Constructive Criticism is always welcome
but
I was not being constructive


apologizes -

 

Awww cute. Mangled grew up from 15 to 25 over night. Great job mangled.

[coingun]

atm the price for MN is 3000 usd (1000x3usd)

I might not be able to afford a MN at the cost of ~12BTC but I can certainly play around with v12 for DASH.

Have somebody send you 1000tDASH and you can build a tMN
It's free and a GREAT way to learn the DASH "system"

Sorry about busting your balls last night but - I hate scammers......
Just do me/us a favor - prove your worth and make me eat my words - k?
K

I'm going through a LOT of shit right now and yes, the pints got the better of me.
While I understand that's no excuse but - I hate scammers......

Right than.... Luv me or hate me.....
Feel free to blow me some shit from time to time

Constructive Criticism is always welcome
but
I was not being constructive


apologizes -

 

I feel lil stupid for askin but what would the approx vaue be of 1k tDASH as that might be the best way to go at the present time  to do a MN ? If I can afford it as I doubt anyone will just toss me 1k tDASH if it's values large enough lol

But ya, I was just trying to offer s service and if people use it great n if not ehh but DASH does seem unique in some ways compared to other cryptos. One thing being MN's which is literally new territory to me.

Yes, but I was asking about tDASH.

tDASH is free! http://test.faucet.masternode.io/ Gives out 1000 coin chunks for making it easy to setup a masternode.

[s1gs3gv]

....i.e. either side of the bitcoin rise.

so you assert that the best way to test your theory is to exclude that part of the data which doesn't support it ?

  ~LOL~