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

[TanteStefana2]

Through this https://bitinfocharts.com/darkcoin/

I found that the rewards per block was increased up to 8.38 Dash.

Anyone please explain me:

Does it means the fewer miners the higher rewards per block? And how about max coins? Will the max coins can be much more higher than 22 millions Dashs?

Thank you,

Yes - less miners = more reward
Does not affect max coins

Actually, it does effect the max coins.  However, we're WAY below the required rewards to get to 22 million coins.  The way we've been going, it's more like the max # of coins to be produced will be closer to 16 million according to an estimate I did for myself a while back.  This is from memory, but I doubt we'll hit 19 million in 100 years.  And that doesn't include 10% coins that may never be created due to no approved projects being started later on, as it may become unnecessary to spend the money.

My only point being that it does effect the max number of coins, but even if mining is light, we'll probably never hit that 22 million coin mark.

[TanteStefana2]

Did you guys see this article against the block limit increase by Bram Cohen, I thought it was really interesting. And it seems the debate around this issue continues. Is a good read

https://medium.com/@bramcohen/bitcoin-s-ironic-crisis-32226a85e39f

The comments on reddit are interesting too:

https://www.reddit.com/r/Bitcoin/comments/3apulu/bram_cohen_bitcoins_ironic_crisis/

Edit: In contrast -It's really nice to have a leader and a group of developers who seem to all get on well together.  It seems to me that you all hash ideas out very cordially and brainstorm well together!  I hope it will always be so!  It's so frustrating for us on the outside to see and know the magic you're all creating, but the rest of the world has no clue!  

And I know I'm a fanhag, but that doesn't lessen this amazing project.  In the end, I think the DASH team and Satoshi Nakamoto will be the names remembered in history.

Just a note, I do hope a few other projects will succeed as well, such as ethereum.  But DASH is indeed the best solution to digital cash IMHO.

[ddink7]

Did you guys see this article against the block limit increase by Bram Cohen, I thought it was really interesting. And it seems the debate around this issue continues. Is a good read

https://medium.com/@bramcohen/bitcoin-s-ironic-crisis-32226a85e39f

The comments on reddit are interesting too:

https://www.reddit.com/r/Bitcoin/comments/3apulu/bram_cohen_bitcoins_ironic_crisis/

Just looked over it. This guy's an absolute idiot.

Got to love the "transaction fees will go up" argument. The bitcoin network only has a limited capacity for processing transactions. Compare it to internet bandwidth, if you will. Once a pipe fills up, the solution isn't "charge your customers more for internet access in order to drive off the excess demand." The solution is "lay more fiber to accomodate the additional demand."

Granted, if you let transaction fees float high enough, the fees will eventually drive off the excess demand. But I'm not sure that decreasing the transaction volume (i.e. getting fewer people to use bitcoin/use it less frequently) is the solution here!

What a dumbass.

[Sub-Ether]

Through this https://bitinfocharts.com/darkcoin/
I found that...

The metrics I find interesting are that Dash is the only coin to have the seed numbers increase in the last 6 months, many have dropped precipitously, more seeds must make for a stronger Tao sync ratio 
(see how much litecoin has dropped!)

A curious one:-
If you super impose bitcoin's price with 'sent from unique addresses', they are mirror opposite trends.
If you do the same for Dash, the price will track the 'sent from unique addresses' in the same direction.
Is the conclusion that most of bitcoins are staying with a small number of rich players(+hoarders), where as Dash's distribution as a whole marketcap(of the 5.5 million coins) is turned over better, because it tracks the wallet usage, perhaps masternodes coming online and switching ownership adds to this more balanced of correlations ?

[Minotaur26]

Hi Guys,

I was participating in a discussion in the altcoin section about: Why we are not seeing new altcoin projects in the top coins by market cap?  

And I wanted to share this here too.

I think is because you are applying a very short time frame, if you think about the top 20 in general with some exceptions, the whole altcoin world is like an incubator for many ideas and some of these are the ideas that showed substance and actually gained traction.  You can't expect substantial innovations to sprout everyday, so I believe from within that list you are presenting, we will have some successful projects that still have a lot of upside potential.

It is also about timing, timing has been identified as the number one factor why start-ups succeed, also the team behind a project is important. Check out this short Ted Talk (6mins) on why start-ups succeed, I think we should apply a similar analysis to altcoins to identify true potential for success.
 
The factors they found were important for a project success were:

1. Timing

2. Team/Execution

3. Idea

4. Business Model

5. Funding


Bill Gross: The single biggest reason why startups succeed

https://www.youtube.com/watch?v=bNpx7gpSqbY



There are some parallels with cryptocurrency, but I would say in altcoins funding is much more important, as when you are a company you can get funding by looking for investors, when you are a decentralized currency you don't have that option.  The reason why you are not seeing tons of new altcoins is because having a combination of those 5 factors in a way that creates value and specially that you can time correctly is rare.

I would look for altcoins that have the best combination of all those things and invest in that, I think you see the same projects in the top spots for two reasons. You have a first generation of altcoins like LTC and Doge that had the best possible timing with no added value.  And then you have a second generation of altcoins like NXT and Dash that actually bring value and innovation.

I believe that the projects that will be successful are those that can have the best combination of the factors described above. I also feel these projects will come from existing projects with a certain seniority and not from brand new ones, mainly because the timing is not right for brand new projects, and because the current generation of altcoin projects still has a lot to bring to the table and potential upside, we are not done with this generation yet.  

Specially the Ted Talk, which I really enjoyed and I think it could be extrapolated to altcoins, with some differences.  Do you also feel those factors are relevant for coins too?



 
 

[TanteStefana2]

Hi Guys,

I was participating in a discussion in the altcoin section about: Why we are not seeing new altcoin projects in the top coins by market cap?  

And I wanted to share this here too.

I think is because you are applying a very short time frame, if you think about the top 20 in general with some exceptions, the whole altcoin world is like an incubator for many ideas and some of these are the ideas that showed substance and actually gained traction.  You can't expect substantial innovations to sprout everyday, so I believe from within that list you are presenting, we will have some successful projects that still have a lot of upside potential.

It is also about timing, timing has been identified as the number one factor why start-ups succeed, also the team behind a project is important. Check out this short Ted Talk (6mins) on why start-ups succeed, I think we should apply a similar analysis to altcoins to identify true potential for success.
 
The factors they found were important for a project success were:

1. Timing

2. Team/Execution

3. Idea

4. Business Model

5. Funding


Bill Gross: The single biggest reason why startups succeed

https://www.youtube.com/watch?v=bNpx7gpSqbY



There are some parallels with cryptocurrency, but I would say in altcoins funding is much more important, as when you are a company you can get funding by looking for investors, when you are a decentralized currency you don't have that option.  The reason why you are not seeing tons of new altcoins is because having a combination of those 5 factors in a way that creates value and specially that you can time correctly is rare.

I would look for altcoins that have the best combination of all those things and invest in that, I think you see the same projects in the top spots for two reasons. You have a first generation of altcoins like LTC and Doge that had the best possible timing with no added value.  And then you have a second generation of altcoins like NXT and Dash that actually bring value and innovation.

I believe that the projects that will be successful are those that can have the best combination of the factors described above. I also feel these projects will come from existing projects with a certain seniority and not from brand new ones, mainly because the timing is not right for brand new projects, and because the current generation of altcoin projects still has a lot to bring to the table and potential upside, we are not done with this generation yet.  

Specially the Ted Talk, which I really enjoyed and I think it could be extrapolated to altcoins, with some differences.  Do you also feel those factors are relevant for coins too?

Yes, whoever wrote that hit it on the nose. 

The factors they found were important for a project success were:

1. Timing : For Dash, we were a little on the later side.  You could say we got in just as the door was closing.

2. Team/Execution : For Dash, I think we've had and continue to have some of the best.  Not just in talent but in cohesion of the team.

3. Idea : I wasn't one of the people who understood the importance of doing one thing well, but stepped in line behind Evan (I wanted us to do everything, because we could!)  Doing one thing (making true fungible digital cash) hasn't been the easiest thing in the world, and Evan was 100% correct in focusing on doing that one thing well.  The things some of us wanted to do may not even be important in the end after all as there are things happening now that I didn't foresee (though toknormal did!  LOL)

4. Business Model : Again, that doing one thing, and doing it well - great move!

5. Funding : What can be said?  Evan et al, WOW!  And now our project is funded by the blockchain.  Damn that's good!

[coingun]

Q. How do you comprehensively destroy a cryptocurrency's fungibility ?

A. By wrapping it in various altcoin crispy coatings and creating a heterogeneous coin supply from a previously homogeneous one.

That doesn't sound like its answering fungibility question. Or am I reading it wrong?

Fungibility and Dash - https://dashdot.io/alpha/?page_id=38

[Kienbui]

Through this https://bitinfocharts.com/darkcoin/

I found that the rewards per block was increased up to 8.38 Dash.

Anyone please explain me:

Does it means the fewer miners the higher rewards per block? And how about max coins? Will the max coins can be much more higher than 22 millions Dashs?

Thank you,

Yes - less miners = more reward
Does not affect max coins

Great, thank you.

Pump!!!

[UdjinM6]

Through this https://bitinfocharts.com/darkcoin/

I found that the rewards per block was increased up to 8.38 Dash.

Anyone please explain me:

Does it means the fewer miners the higher rewards per block? And how about max coins? Will the max coins can be much more higher than 22 millions Dashs?

Thank you,

Yes - less miners = more reward
Does not affect max coins

Actually, it does effect the max coins.  However, we're WAY below the required rewards to get to 22 million coins.  The way we've been going, it's more like the max # of coins to be produced will be closer to 16 million according to an estimate I did for myself a while back.  This is from memory, but I doubt we'll hit 19 million in 100 years.  And that doesn't include 10% coins that may never be created due to no approved projects being started later on, as it may become unnecessary to spend the money.

My only point being that it does effect the max number of coins, but even if mining is light, we'll probably never hit that 22 million coin mark.

Emission chart with the lowest reward possible (tnx poiuty!):
https://dash.org.ru/pages/stats.php#emission
~18.6M with the lowest reward, so ~22M is actually quite possible because on average it's a bit higher

[tungfa]

i have 2 MN's which are not paid in over 6 days !
new record
lets see when they come in line
 

[Calabi–Yau Manifold]

... a massive breakout 

I can feel it...like a bird can feel an oncoming storm..

I watch Dash to buy again but I am afraid that it can go down.
There was no short uptrend in Dash, while Ltc and Btc rose (and few other altcoins). ;/

[Sub-Ether]

i have 2 MN's which are not paid in over 6 days !
new record
lets see when they come in line
 

I was promised back pay 

[tungfa]

i have 2 MN's which are not paid in over 6 days !
new record
lets see when they come in line
 

me too. i hope these nodes don't start at the end of the list, since the refnode is running again.

fingers crossed on the payback
 

[pille]

i have 2 MN's which are not paid in over 6 days !
new record
lets see when they come in line
 

Same here, glad it's not only me.

[toknormal]

I watch Dash to buy again but I am afraid that it can go down.

In that case, better join the queue in the order book - you won't be lonely, they're all thinking the same thing  

[tungfa]

i have 2 MN's which are not paid in over 6 days !
new record
lets see when they come in line
 

Same here, glad it's not only me.

bingo, got a payment on that 6 day node.

NICE !
that is good to know
tx
i am up to 3 by now

[tungfa]

i have 2 MN's which are not paid in over 6 days !
new record
lets see when they come in line
 

Same here, glad it's not only me.

bingo, got a payment on that 6 day node.

NICE !
that is good to know
tx
i am up to 3 by now

will the MN payments be reduced by 10% after 0.12 launch?

no
the 10% were future pay rises for MN payouts
that rise will not happen and we stay at the same payout as we have now
remember that chart evan posted back in the day ....
here it is:
https://dashtalk.org/threads/masternodes-explanations-guides-setups-tools-for-dash-newcomers-update-may-2015.3055/
(half way down under Payments)

Edit:
that chart i pointed out above will stop at the % we have now
(just to clarify)

[Kienbui]

Through this https://bitinfocharts.com/darkcoin/

I found that the rewards per block was increased up to 8.38 Dash.

Anyone please explain me:

Does it means the fewer miners the higher rewards per block? And how about max coins? Will the max coins can be much more higher than 22 millions Dashs?

Thank you,

Yes - less miners = more reward
Does not affect max coins

Actually, it does effect the max coins.  However, we're WAY below the required rewards to get to 22 million coins.  The way we've been going, it's more like the max # of coins to be produced will be closer to 16 million according to an estimate I did for myself a while back.  This is from memory, but I doubt we'll hit 19 million in 100 years.  And that doesn't include 10% coins that may never be created due to no approved projects being started later on, as it may become unnecessary to spend the money.

My only point being that it does effect the max number of coins, but even if mining is light, we'll probably never hit that 22 million coin mark.

Emission chart with the lowest reward possible (tnx poiuty!):
https://dash.org.ru/pages/stats.php#emission
~18.6M with the lowest reward, so ~22M is actually quite possible because on average it's a bit higher

Thanks for your answer. But what would happen if the Difficulty still low year after year? Would the Emission reduce?

Thanks,

[tungfa]

DASHpag will be promoting DASH at the Aquidabã tennis Open 2015!
https://dashtalk.org/threads/dash-on-the-aquidaba-tennis-open.5424/
Tx Raganius and Viva Brazil !!

[qwizzie]

i have 2 MN's which are not paid in over 6 days !
new record
lets see when they come in line
 

Same here, glad it's not only me.

bingo, got a payment on that 6 day node.

NICE !
that is good to know
tx
i am up to 3 by now

will the MN payments be reduced by 10% after 0.12 launch?

no
the 10% were future pay rises for MN payouts
that rise will not happen and we stay at the same payout as we have now
remember that chart evan posted back in the day ....
here it is:
https://dashtalk.org/threads/masternodes-explanations-guides-setups-tools-for-dash-newcomers-update-may-2015.3055/
(half way down under Payments)

Edit:
that chart i pointed out above will stop at the % we have now
(just to clarify)

actually i think the masternodes still get 5% increase (47.5% of blocks feb 2016 and 50% of blocks april 2016) : https://dashtalk.org/threads/vote-self-sustainable-decentralized-governance-by-blockchain.4825/  (see revised payment schedule)