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

[Melech]

Sorry if this has been asked before, but where do the funds for these "budget proposals" come from?

Is that to be split from mining reward, or some foundation fund, or something else?

[qwizzie]

Sorry if this has been asked before, but where do the funds for these "budget proposals" come from?

Is that to be split from mining reward, or some foundation fund, or something else?

currently its 50%/50% per block (miners / masternodes)
after the planned hard fork at block 332320 it will be 45%/45%/10% (miners/masternodes/decentralised budget) per block

the 10% has now been allocated for this coming super-block towards :

Core-Team (concurrent)
Reimbursement (one time thing)
Public Awareness / Marketing Campaign (concurrent)

link : https://dashninja.pl/budgets.html

[Otoh]

i saw what you did there !!   I call it the Otoh ''they shall not pass'' wall (which seems to have grown since the last time i saw it)

nice pic

just catching up with the forum after three days afk traveling, if there's any ask walls then that's not me for sure

edit: "The Cryptsy stuff could be market making activities by a certain famous individual. What makes me think that is that the bids keep getting replenished in response to the asks."

nope that wasn't me doing whatever was going on there

[Melech]

Sorry if this has been asked before, but where do the funds for these "budget proposals" come from?

Is that to be split from mining reward, or some foundation fund, or something else?

currently its 50%/50% per block (miners / masternodes)
after the planned hard fork at block 332320 it will be 45%/45%/10% (miners/masternodes/decentralised budget) per block

the 10% has now been allocated for this coming super-block towards :

Core-Team (concurrent)
Reimbursement (one time thing)
Public Awareness / Marketing Campaign (concurrent)

link : https://dashninja.pl/budgets.html

Thanks, that sounds fair to me.

I like the idea of being able to pay developers (or whatever budget gets passed) directly from mining rewards.
Great idea guys - Democracy in action!

Much better than most altcoins, which premine millions "to pay devs" (dump on the exchange)

[iCEBREAKER]

Any speculations on why the price of Dash dropped on exchanges like Cryptsy?

Dash is dropping because its hype cycle is long over and cannot be repeated.  Bitfinex delisted Dash, while Cryptsy added Monero.

ETH sucked all the oxygen out of the altcoin room.  Dash is past its expiration date and rotting on the shelf.

Dash's shady practices ("accidental" insta-mine, "accidental" broken emission, faked airdrop vote, bad crypto, cargo cult, etc) are now well known.

Not even yet another shitty amateur promotional video (LOL) will restore the high hopes of last year's (pre-rebrand) Darkcoin mania.

Dash will never be the golden donkey you were hoping for (unless your name is among the owners of THE DARKCOIN FOUNDATION INC).

Masternode blinding was supposed to be in the most recent release.  It wasn't.  Yet another lie told to bagholders, while insiders dump and GTFO ASAP.

[Tunaontherocks]

Seems like a pump might be underway in the incoming days.

[oaxaca]

Just released: Masternode notifications!

Notifications are sent on:

- Masternode errors
- Masternode payments

You can be notified by:

- mobile phone push notification (Android & iOS)
- Slack
- Email

BUMP!

Very nice.

https://www.dashwhale.org/

[Minotaur26]

Excuse me, have being away from crypto for a while. Does anyone know if this is the project with decentralized paid full node operation with no reference node?  I heard there was a project with a functioning governance system and budget proposals from the blockchain,  just not sure if I am in the right place. Thanks.

[Sub-Ether]

I see Icebreaker has more legal issues.
http://www.coindesk.com/judge-approves-fraud-claims-against-bitcoin-mining-firm-hashfast/

Yer and Toknormal has been banned for 3 days because of off topic posts, go figure that one out

[TanteStefana2]

I see Icebreaker has more legal issues.
http://www.coindesk.com/judge-approves-fraud-claims-against-bitcoin-mining-firm-hashfast/

Yer and Toknormal has been banned for 3 days because of off topic posts, go figure that one out

Seriously?  He's one of the few that I look forward tor reading here.  If he'd just move to Dashtalk, I wouldn't bother coming here anymore.  Whatever...

[AdamWhite]

Any speculations on why the price of Dash dropped on exchanges like Cryptsy?

Dash is dropping because its hype cycle is long over and cannot be repeated.  Bitfinex delisted Dash, while Cryptsy added Monero.

ETH sucked all the oxygen out of the altcoin room.  Dash is past its expiration date and rotting on the shelf.

Dash's shady practices ("accidental" insta-mine, "accidental" broken emission, faked airdrop vote, bad crypto, cargo cult, etc) are now well known.

Not even yet another shitty amateur promotional video (LOL) will restore the high hopes of last year's (pre-rebrand) Darkcoin mania.

Dash will never be the golden donkey you were hoping for (unless your name is among the owners of THE DARKCOIN FOUNDATION INC).

Masternode blinding was supposed to be in the most recent release.  It wasn't.  Yet another lie told to bagholders, while insiders dump and GTFO ASAP.

This is pretty much spot on.

Seriously?  He's one of the few that I look forward tor reading here.  If he'd just move to Dashtalk, I wouldn't bother coming here anymore.  Whatever...

2 dash shills not posting on bitcointalk anymore? What a huge loss that will be    Otoh will have to pick up the slack by increasing the frequency of his "hey guys I wasnt the one buying hurr durr.. i swear.. " in a desperate attempt to generate some buying interest and prop the price up a little longer while he dumps dozens of BTC worth of masternode payments on you every day. Keep listening to the guy who owns 1000 masternodes.. I'm sure he has YOUR best interests at heart

[Tunaontherocks]

Only a few altcoins are taking developing serious and DASH is one of those altcoin.

[qwizzie]

T minus 453 blocks....



are you ready ?, are you ready ?, are you ready?  

[GhostPlayer]

T minus 453 blocks....



are you ready ?, are you ready ?, are you ready?  

 Isn't it terribly exciting ?  

 Someone should write a small ELI5 on Dash's Superblocks.

 Damn, we have Masternodes, Superblocks ... when are we set to use superlative like Hyper or Ultra ?   

[semajjames]

T minus 453 blocks....



are you ready ?, are you ready ?, are you ready?  

what happens in 453 blocks ?

[GhostPlayer]

what happens in 453 blocks ?

 Possibly, the biggest revolution in crypto history.

[Suntouri]

what happens in 453 blocks ?

 Possibly, the biggest revolution in crypto history.

Tell us about it 

[qwizzie]

what happens in 453 blocks ?

 Possibly, the biggest revolution in crypto history.

Tell us about it  

At block 332320 three budget proposals that got the required votes earlier will get implemented / paid-out, effectively giving birth to a new form of decentralised
budgetting system which has never before been implemented in the cryptocurrency scene.
Its yet another milestone reached for Dash and its very active Dev-Team.

https://dashninja.pl/budgets.html
https://dashtalk.org/threads/budget-proposal-promotion-reimbursement-core-team.6006/  

This will be implemented through a hard fork which enables the following on blockchain level :

per block the payout will be :

45% miners
45% masternodes
10% decentralised budget

The decentralised budget payments will be paid out once a month in so called super-blocks, of which block 332320 is the first one.
Just make sure you are on Dash version 12 (v0.12.0.53) and everything will go smoothly.

[moocowmoo]

what happens in 453 blocks ?

 Possibly, the biggest revolution in crypto history.

Tell us about it 

In less than 450 blocks, the dash blockchain will create superblocks which pay the finalized budgets.

These budgets are submitted by anybody (Evan in this case) (and cost 5 dash to do so) and voted on by the masternode owners.

Once approved by public voting, the budget is finalized and can be funded at the next superblock cycle (every 16616 blocks)

The superblocks generate coin up to the amount that would have been generated by that block normally.
This works out because the previous blocks were generating 10% less than normal. (The superblocks make up the difference)
So, at the end of the month we have either the same amount of minted dash (if there are approved budgets allocated for all 10%), or less (which is the case this month).

Exciting stuff!

[Suntouri]

At block 332320 three budget proposals that got the required votes earlier will get implemented / paid-out, effectively giving birth to a new form of decentralised
budgetting system which has never before been implemented in the cryptocurrency scene.
Its yet another milestone reached for Dash and its very active Dev-Team.

https://dashninja.pl/budgets.html
https://dashtalk.org/threads/budget-proposal-promotion-reimbursement-core-team.6006/  

This will be implemented through a hard fork which enables the following on blockchain level :

per block the payout will be :

45% miners
45% masternodes
10% decentralised budget

The decentralised budget payments will be paid out once a month in so called super-blocks, of which block 332320 is the first one.
Just make sure you are on Dash version 12 (pref v0.12.0.53) and everything will go smoothly.

In less than 450 blocks, the dash blockchain will create superblocks which pay the finalized budgets.

These budgets are submitted by anybody (Evan in this case) (and cost 5 dash to do so) and voted on by the masternode owners.

Once approved by public voting, the budget is finalized and can be funded at the next superblock cycle (every 16616 blocks)

The superblocks generate coin up to the amount that would have been generated by that block normally.
This works out because the previous blocks were generating 10% less than normal. (The superblocks make up the difference)
So, at the end of the month we have either the same amount of minted dash (if there are approved budgets allocated for all 10%), or less (which is the case this month).

Exciting stuff!

Thanks!!
Tomorrow will be a big day in cryptoworld, Maybe we could set a countdown, a "superblock countdown"