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

[eduffield]

Available supply                5,787,285 Dash
Dash in masternodes       - 3,097,000 Dash
Available real supply       = 2,690,285 Dash

Just one point about that which I think is important to note and bear in mind.

The "Dash in masternodes" is always "Available real supply". Contrary to what gets posted in discussions using loose terminology, masternode supply is in no way "locked up", nor does it detract from the potential liquidity of the coin supply. Masternode collateral sits at an address - like any other address - and can be moved all over the place with a regular wallet - including onto exchanges (albeit, at the expense of suspending your masternode revenue of course).

The correct context to see it as "locked up" is in the sense that it is earning a return for the holder and the holder is therefore less likely to trade it than they would be if it was earning no return (all other things being equal).

I only bring this up because we now have a starkly contrasting type of model in the form of bitcoin's sidechains. In this model, coins are indeed locked up and cannot be moved or traded, other than as a completely distinct identity which therefore (by definition) impacts adversely on bitcoin's fungibility. It also impacts adversely on the crypto-economy's ability to insulate one economic sector from volatility in another.

This is another example where Dash places monetary priorities over technological ones. All of its technological solutions have carefully preserved and enhanced monetary properties rather than diminished them.

I definitely disagree with you on this point! I think all commerce will end up taking place in the last few percent simply because the expected ROI of the masternodes will keep the coins out of the supply when they would have been otherwise. There's a similar mechanism that does this in Bitcoin, which is long term speculation. I'm in the process of doing a video series at the moment and I cover this topic in one of the videos, so I'm curious what you'll think.

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[illodin]

tok ain't gona jive wit dat

Why won't I ?

Maybe you will, we'll see after the details are public!

[c789]

We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.

Approximately when will the next version be ready? 

Thank you for all of your efforts.

[toknormal]

I definitely disagree with you on this point! I think all commerce will end up taking place in the last few percent simply because the expected ROI of the masternodes will keep the coins out of the supply when they would have been otherwise.

Do you ?

I wondered about that - what the envisaged relative roles of network collateral vs traded supply was.

Still, I was making more of a technical point than an economic one. I think you need to read my remark again as we both seem to be saying the same thing. The masternode collateral still forms a continuous part of the coin supply - unlike sidechain collateral which doesn't (because it is locked by the system while supporting a secondary currency).

I agree, that only the complimentary element of the coin supply (to the masternode collateral) can circulate, but that's due to an economic value choice made by the holders - not diminished mobility of the supply.

I'm amazed that you see the trading element of the supply being such a minority. The value would have to massively multiply to arrive at sufficient trading liquidity for even a tiny economy. On the other hand, it may make total sense. I need to think about this I think.    Look forward to your video.

----------------

EDIT: Ok, I've thought a bit about it. I can see a virtuous cycle being setup between the need for trading liquidity, and the need for a large number of secure full nodes. The greater the valuation --> the more trading liquidity --> the greater the return on running a node --> the more persistent, numerous and is the masternode network --> the more expensive it is to attack the network.

What's missing from this circle is adoption obviously, but that hopefully forms part of the virtuous circle by the network offering increasingly outstanding monetary properties and services to attract commercial adopters.

I might start to like this model  

[AzzAz]

... I need to think about this I think. ...

I just had to :-)

[eduffield]

Still, I was making more of a technical point than an economic one. I think you need to read my remark again as we both seem to be saying the same thing. The masternode collateral still forms a continuous part of the coin supply - unlike sidechain collateral which doesn't (because it is locked by the system while supporting a secondary currency).

Ah, I read your post again and we are in agreement.

What's missing from this circle is adoption obviously, but that hopefully forms part of the virtuous circle by the network offering increasingly outstanding monetary properties and services to attract commercial adopters.

I might start to like this model  

Yep, that's the idea.

[toknormal]

Well I don't know about anyone else, but I'm a bit gobsmacked by the recent 'leaks' out of the Dash factory.

Am still digesting the implications - so many problems solved with a single technology. Then there's the economic vision on top of that which has totally revised my idea of how the thing will grow. I now see a much smoother and more determinable growth path than just crossing fingers and hoping for 'adoption' to take its course.

If things evolve as projected, the currency will simply be awesome from a user's point of view and a quantum leap from bitcoin - while still retaining all its fundamental blockchain characteristics and commercial interface.

Need to think more about this  

[sangoku]

...
Perhaps, It's time to rebrand Darksend ?

After Dash... maybe Cleansend?  

We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.

100% Agree with you Evan.
Anynomisation by default is the best way for Dash.

[ddink7]

Well I don't know about anyone else, but I'm a bit gobsmacked by the recent 'leaks' out of the Dash factory.

Am still digesting the implications - so many problems solved with a single technology. Then there's the economic vision on top of that which has totally revised my idea of how the thing will grow. I now see a much smoother and more determinable growth path than just crossing fingers and hoping for 'adoption' to take its course.

If things evolve as projected, the currency will simply be awesome from a user's point of view.

Need to think more about this 

It really is amazing, isn't it? I know that I was recently disappointed when I started messing around with Darksend (believe it or not, I hadn't ever used it on mainnet) and saw how amazingly slow it was, presumably due to lack of mixing partners. Add to that the possible deanonymizing ability if one controls a large number of liquidity providers, and I was starting to become discouraged.

A few days later, Evan "leaks" that Darksend will be instant and blinded, and then follows that up by saying that there won't even be a Darksend anymore, that the feature will just be backed directly into the client by default. Truly incredible.

[gonedark]

When is the next masternode governance vote and are their any proposals in the pipeline?

[Minotaur26]

tok ain't gona jive wit dat

Why won't I ?

Maybe you will, we'll see after the details are public!

... that doesn't obscure UTXO...

That is the part that makes it compatible with Toknormal's perspective.

[qwizzie]

When is the next masternode governance vote and are their any proposals in the pipeline?

https://dashninja.pl/budgets.html

Next superblock will be at block 348936 on ‎7‎-‎10‎-‎2015 ‎15‎:‎21‎:‎51 (3 weeks 19 hours 11 minutes 52 seconds)
1,588.8 DASH unallocated in next super-block

[dashwhale]

When is the next masternode governance vote and are their any proposals in the pipeline?

https://www.dashwhale.org/index.php?page=budget&action=active

[iCEBREAKER]

We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.

Extraordinary claims require extraordinary evidence.

When will the whitepaper and cryptographic analysis be done?  It's strange all you post is hocus-pocus marketing terms with no technical details to back up the hype.

Are you going to make a Zerocash type coin, so users get to trust you destroy the mint seed and don't use it to grant yourself unlimited amounts of undetectable coins?   

[coins101]

...
Perhaps, It's time to rebrand Darksend ?

After Dash... maybe Cleansend?  

We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.

Is this in the 25 page white paper, or the 50 page white paper? 

[Macrochip]

We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.

Extraordinary claims require extraordinary evidence.

Look who's talking! The criminal asshole scammer!


How much does your sphincter burn now that Evan is not only delivering your last remaining talking point "WHERE IS MASTERNODE BLINDING! OHH SCAM! YOU NEVER DELIVERED BLINDING!!!" [/retard-mode] but no, he even fucking surpasses it overdelivering and ramming this hard rod of improved DarkSend down your prison-ready shitter?!

YOU and your scam company TrashFast were the faggots making "extraordinary claims" with shit for evidence aka non-existent ASICs supposedly faster than anyone else's, stealing shitloads of money from gullible customers and now, deservedly so, you face criminal indictment. I hope you rot in jail.

Evan Duffield delivered on every. single. promise he ever made to this community and no matter how much bullshit you and your gang of hired retards, Moronero trolls and plain scammers produce and throw at him, you will never succeed in hurting DASH, so -considering your life's mission has inevitably failed- kindly kill yourselves. All of you.

[patrolman]

I think it's worth pointing out here that Macrochip's views do not not necessarily represent the Dash community’s views, or Dash's views (yes, the views of the cryptocurrency), just because sometimes when things are said by individuals in the community, some trolls like to imply that the individual is speaking for everyone.

[Macrochip]

I think it's worth pointing out here that Macrochip's views do not not necessarily represent the Dash community’s views, or Dash's views (yes, the views of the cryptocurrency), just because sometimes when things are said by individuals in the community, some trolls like to imply that the individual is speaking for everyone.

I won't excuse myself for any outbursts, the forum rules are very clear regarding free speech.
I simply had it with these fools and this is my way of freely expressing it.

Should I change my signature to "Not a DASH representative, never was, never claimed to be. Speaking for myself and myself only!" because common sense seems to be suspended in this forum?

[fible1]

We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.

Extraordinary claims require extraordinary evidence.

Look who's talking! The criminal asshole scammer!


How much does your sphincter burn now that Evan is not only delivering your last remaining talking point "WHERE IS MASTERNODE BLINDING! OHH SCAM! YOU NEVER DELIVERED BLINDING!!!" [/retard-mode] but no, he even fucking surpasses it overdelivering and ramming this hard rod of improved DarkSend down your prison-ready shitter?!

YOU and your scam company TrashFast were the faggots making "extraordinary claims" with shit for evidence aka non-existent ASICs supposedly faster than anyone else's, stealing shitloads of money from gullible customers and now, deservedly so, you face criminal indictment. I hope you rot in jail.

Evan Duffield delivered on every. single. promise he ever made to this community and no matter how much bullshit you and your gang of hired retards, Moronero trolls and plain scammers produce and throw at him, you will never succeed in hurting DASH, so -considering your life's mission has inevitably failed- kindly kill yourselves. All of you.

I like how you roll.

Yes, Evan has delivered on everything; no sense in trolling him for giving us glimpses of whats coming.

Pablo.

[AzzAz]

Unfortunately we are about to see another ramp up of trolling as we get closer to the release date for Evan's next whitepaper.

Get ready for the participation of all your favourite cartoon like characters from the pre v12 release, they will be back arguing with good old neck beard 'logic', strawman arguments, straight out lies and much more.

I hope i am wrong, but it's been the typical pattern of behaviour in the build up for all new DASH releases and features.

Here is a site for homework if anyone is interested:

https://cryptome.org/2012/07/gent-forum-spies.htm

If you have had a read, do you think these trolls are clowns or professional shills?  

EDIT : I hear the dulcet and smoothing sound of circus music from afar....

Obviously. Even hardest case of moron would walk away long ago...