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

[WastedLTC]

cryptsy/drkbtc
18:21:02 0.01042 5218.92

One was able to get rid of 5218 DASH in one swoop and another was able to get it all at a single price...  hope both parties are happy.  =)  [or it could be the same person]

[sangoku]

https://kaustk.wordpress.com/2015/09/16/dash-the-1-competitor-to-bitcoin/

https://www.reddit.com/r/tech/comments/3l4evx/dash_the_1_competitor_to_bitcoin/

https://smitherstech.wordpress.com/2015/09/16/dash-the-1-competitor-to-bitcoin-via-rtech/

[Solarminer]

I would also target as a highly important aspect of this system, not mentioned in quote; Decentralized Donation.
The giving back and committing to a better world is something that also is key in mass adoption and has the benefits of a multitude of partnerships of minds thinking of a better vision.

I would propose a budget vote for:
   - Setingt up permanent masternodes never to be touched and rewards donated for whatever well intended acts.
Maybe saving a panda or providing free servers for masternode users. Personally the thought of paying even if it is just a little is bothersome. Providing a service for covering server costs would be nice.
Maybe reimburse lost coins, kickstarters, lottories, marketing, scaling and all of the benefit of a more spread and secure network with more reliability.

Wooooh.  Let's not think of DASH like a fiat currency controlled by an appointed republic acting like they are saving the world that can print as much as they want while inflating away value while digging a deeper debt hole.

There are already some charity projects.  Charitycoin, 2givecoin, etc.  You can see how well they are doing, but it isn't like they are getting top 100 on coin market cap.  Startcoin is another coin tailored for kickstarter projects.

1000 DASH for a masternode is much more valuable to spend today when you think about promotion, development, exchanges, etc - rather than distributed over 5-6 years of payments.  Of course, I totally could be wrong, and masternode paying panda saving and free server proposals could start getting approved left and right.  Submit a proposal and let's see what happens.

[patrolman]

I would propose a budget vote for:
   - Setingt up permanent masternodes never to be touched and rewards donated for whatever well intended acts.

I like the idea of setting up a few Masternodes that generate income, especially if there are funds left over at the end of the month. I don't imagine there is any way to do this in a fully decentralised manner, as there will always need to be someone to keep the Masternode up to date, and I suppose to control the 1000 Dash (at least at the moment). Perhaps some of the well-known providers of Masternode hosting now could enter a competition to run the Masternode and the winner could take responsibility for it, and pay themselves in Dash, of course. If it became known that the entity were not fulfilling its duty as an "official" Dash Masternode host, many of those looking for Masternode hosting would steer clear. It's not decentralised or trustless, but it is potentially a way of generating more funds. It might  be more trouble than it's worth though.

[bertlebbert]

cryptsy/drkbtc
18:21:02 0.01042 5218.92

One was able to get rid of 5218 DASH in one swoop and another was able to get it all at a single price...  hope both parties are happy.  =)  [or it could be the same person]

Lol... you mean as if that was a wash trade?   Lol, I kinda doubt that...

[patrolman]

I would also target as a highly important aspect of this system, not mentioned in quote; Decentralized Donation.
The giving back and committing to a better world is something that also is key in mass adoption and has the benefits of a multitude of partnerships of minds thinking of a better vision.

I would propose a budget vote for:
   - Setingt up permanent masternodes never to be touched and rewards donated for whatever well intended acts.
Maybe saving a panda or providing free servers for masternode users. Personally the thought of paying even if it is just a little is bothersome. Providing a service for covering server costs would be nice.
Maybe reimburse lost coins, kickstarters, lottories, marketing, scaling and all of the benefit of a more spread and secure network with more reliability.

Wooooh.  Let's not think of DASH like a fiat currency controlled by an appointed republic acting like they are saving the world that can print as much as they want while inflating away value while digging a deeper debt hole.

There are already some charity projects.  Charitycoin, 2givecoin, etc.  You can see how well they are doing, but it isn't like they are getting top 100 on coin market cap.  Startcoin is another coin tailored for kickstarter projects.

1000 DASH for a masternode is much more valuable to spend today when you think about promotion, development, exchanges, etc - rather than distributed over 5-6 years of payments.  Of course, I totally could be wrong, and masternode paying panda saving and free server proposals could start getting approved left and right.  Submit a proposal and let's see what happens.

It would be great if there were some way to vote periodically on the charitable projects to benefit from the Masternode payments, I suppose it could be done by asking Masternode owners to vote with a budget proposal seeking 0 Dash (I don't know if that's even possible). The downside is it would cost 5 Dash to lodge the proposal, so the reimbursement would probably have to come from the Masternode payments. [edit] I suppose you could even lodge the budget proposal and ask for the 5 Dash in funding though that wouldn't be ideal because the Masternode wouldn't be self-sustainable then.[/edit]

I don't think paying for server costs is necessary at all. If Dash increases in value, which I'm sure many here are hoping for, the profits for Masternode holders will be even greater than they are now. I think there are definitely better uses for the funds than this.

[AizenSou]

cryptsy/drkbtc
18:21:02 0.01042 5218.92

One was able to get rid of 5218 DASH in one swoop and another was able to get it all at a single price...  hope both parties are happy.  =)  [or it could be the same person]

Yeah I just saw it too. We have a very patience dumper. I think he's the one with 10k DASH sell wall @ 112.

[Riseman]

I don't get why is masternode count rising while the price is falling. No masternode payments can ever compensate losses from the dumps. So you can make more profit if you sell at the right time rather than from making masternodes.

The only reason I see is that there are many people who just want to selflessly support the project regardless of the ROI.

[Solarminer]

I don't get why is masternode count rising while the price is falling. No masternode payments can ever compensate losses from the dumps. So you can make more profit if you sell at the right time rather than from making masternodes.

The only reason I see is that there are many people who just want to selflessly support the project regardless of the ROI.

There are some of us that believe this is a good price and good time to buy.  (and if you just got paid from installing a few solar jobs, you have some funds to put into DASH.)

The question is, do you trust a bank(subject to bail-ins), a fiat currency(inflating away), or the first ever decentralized, distributed voting, private, instant, secure cryptocurrency, with an x% payback with masternodes.

[bertlebbert]

I don't get why is masternode count rising while the price is falling. No masternode payments can ever compensate losses from the dumps. So you can make more profit if you sell at the right time rather than from making masternodes.

The only reason I see is that there are many people who just want to selflessly support the project regardless of the ROI.

There are some of us that believe this is a good price and good time to buy.  (and if you just got paid from installing a few solar jobs, you have some funds to put into DASH.)

The question is, do you trust a bank(subject to bail-ins), a fiat currency(inflating away), or the first ever decentralized, distributed voting, private, instant, secure cryptocurrency, with an x% payback with masternodes.

Whoah, I dunno about all that... I just invested longer term, expecting/hoping to make a profit.

[Solarminer]

I would also target as a highly important aspect of this system, not mentioned in quote; Decentralized Donation.
The giving back and committing to a better world is something that also is key in mass adoption and has the benefits of a multitude of partnerships of minds thinking of a better vision.

I would propose a budget vote for:
   - Setingt up permanent masternodes never to be touched and rewards donated for whatever well intended acts.
Maybe saving a panda or providing free servers for masternode users. Personally the thought of paying even if it is just a little is bothersome. Providing a service for covering server costs would be nice.
Maybe reimburse lost coins, kickstarters, lottories, marketing, scaling and all of the benefit of a more spread and secure network with more reliability.

Wooooh.  Let's not think of DASH like a fiat currency controlled by an appointed republic acting like they are saving the world that can print as much as they want while inflating away value while digging a deeper debt hole.

There are already some charity projects.  Charitycoin, 2givecoin, etc.  You can see how well they are doing, but it isn't like they are getting top 100 on coin market cap.  Startcoin is another coin tailored for kickstarter projects.

1000 DASH for a masternode is much more valuable to spend today when you think about promotion, development, exchanges, etc - rather than distributed over 5-6 years of payments.  Of course, I totally could be wrong, and masternode paying panda saving and free server proposals could start getting approved left and right.  Submit a proposal and let's see what happens.

It would be great if there were some way to vote periodically on the charitable projects to benefit from the Masternode payments, I suppose it could be done by asking Masternode owners to vote with a budget proposal seeking 0 Dash (I don't know if that's even possible). The downside is it would cost 5 Dash to lodge the proposal, so the reimbursement would probably have to come from the Masternode payments. [edit] I suppose you could even lodge the budget proposal and ask for the 5 Dash in funding though that wouldn't be ideal because the Masternode wouldn't be self-sustainable then.[/edit]

I don't think paying for server costs is necessary at all. If Dash increases in value, which I'm sure many here are hoping for, the profits for Masternode holders will be even greater than they are now. I think there are definitely better uses for the funds than this.

Charity is just that.  Open up a donation address, pick a cause, and request donations.  This doesn't have anything to do with voting on the masternode network.

I put a ton of time and effort into mining curecoin and other altruistic coins.  It isn't that I am opposed to charity, it just isn't going to be the first thing a group of 3100 masternodes vote for.  (Or maybe it is, so submit a proposal)

[patrolman]

Charity is just that.  Open up a donation address, pick a cause, and request donations.  This doesn't have anything to do with voting on the masternode network.

I put a ton of time and effort into mining curecoin and other altruistic coins.  It isn't that I am opposed to charity, it just isn't going to be the first thing a group of 3100 masternodes vote for.  (Or maybe it is, so submit a proposal)

To some extent I agree, I was just throwing the ideas out there. Though, the post was referring to a previous post about setting up a masternode/s with the budget funds. It's a little frustrating though that a great technology for voting on proposals is there but can only be used for voting on the budget proposals.

To be fair, you don't necessarily need all 3100 masternodes to vote, you could away with around 10% of that figure if it is an incredibly popular proposal.

[patrolman]

I'm just going to throw one more idea out there and then I'm off.

How about some trusted member of the testing team lodge a proposal to fund a masternode or two to reward the testers! Sure the rewards won't be anything like last month's proposal but, it may provide some small incentive and also may be worth quite a lot more in the future.

One way of providing more incentive perhaps would be to have a lottery among testers, so that instead of lots of tiny payouts, all testers are in with a chance of one large payout, or a few payouts.

Then there would always be at least some funds to incentivise testing and the masternode network would be supported at the same time.

[splawik21]

This proposal sound much better than theast one
@moli what do you think?
Is moli still here anyway or dct only?

[TanteStefana2]

I think you all are missing Evan's point about donating to governments.  The point is that Dash could potentially be a powerhouse that can push it's agenda.  Wow, that's a powder keg! 

[Solarminer]

I don't get why is masternode count rising while the price is falling. No masternode payments can ever compensate losses from the dumps. So you can make more profit if you sell at the right time rather than from making masternodes.

The only reason I see is that there are many people who just want to selflessly support the project regardless of the ROI.

There are some of us that believe this is a good price and good time to buy.  (and if you just got paid from installing a few solar jobs, you have some funds to put into DASH.)

The question is, do you trust a bank(subject to bail-ins), a fiat currency(inflating away), or the first ever decentralized, distributed voting, private, instant, secure cryptocurrency, with an x% payback with masternodes.

Whoah, I dunno about all that... I just invested longer term, expecting/hoping to make a profit.

Sorry, I left out some other options for investing.   The high frequency traders siphoning off of stocks that are also falling, gold/silver under price suppression, housing in a bubble, etc.  Even if the sky isn't falling, DASH is still pretty cool when you think about all that i can do.

[Solarminer]

I'm just going to throw one more idea out there and then I'm off.

How about some trusted member of the testing team lodge a proposal to fund a masternode or two to reward the testers! Sure the rewards won't be anything like last month's proposal but, it may provide some small incentive and also may be worth quite a lot more in the future.

One way of providing more incentive perhaps would be to have a lottery among testers, so that instead of lots of tiny payouts, all testers are in with a chance of one large payout, or a few payouts.

Then there would always be at least some funds to incentivise testing and the masternode network would be supported at the same time.

I like the idea to support testing.  Why are we tying up 1000 coins forever?  Why not just set a 20 coins/month budget?  Or some reasonable number that makes sense.  Just payout the participants with a lottery like you suggest or split it up.

[eduffield]

I'm just going to throw one more idea out there and then I'm off.

How about some trusted member of the testing team lodge a proposal to fund a masternode or two to reward the testers! Sure the rewards won't be anything like last month's proposal but, it may provide some small incentive and also may be worth quite a lot more in the future.

One way of providing more incentive perhaps would be to have a lottery among testers, so that instead of lots of tiny payouts, all testers are in with a chance of one large payout, or a few payouts.

Then there would always be at least some funds to incentivise testing and the masternode network would be supported at the same time.

I like the idea to support testing.  Why are we tying up 1000 coins forever?  Why not just set a 20 coins/month budget?  Or some reasonable number that makes sense.  Just payout the participants with a lottery like you suggest or split it up.

We really need something much more extensive for testing. I want to make a cluster on AWS, that all core team members have access to. We can run a few hundred masternodes using this cluster, do scripted updates and test various network issues, etc. Then at the end of testing, we could even scale the cluster to 3000 masternodes to make sure it works at the levels we're using for mainnet. We could even setup the cluster to have a centralized logging system so the developers could search the logs for error messages and see what was happening without logging into a million servers.

Infrastructure is the most expensive part of testing and it would be nice to have that covered by the budget. Besides that we could have bug bounties, like 10-50 DASH per bug found for the testers. There's no hurry though, we'd rather utilize the budget to make the public aware of the project and build a nice onboarding system.

The budget system turned out to be a pretty powerful tool for us. There's so many ideas that are being tossed around that would have never worked otherwise.

[Solarminer]

Charity is just that.  Open up a donation address, pick a cause, and request donations.  This doesn't have anything to do with voting on the masternode network.

I put a ton of time and effort into mining curecoin and other altruistic coins.  It isn't that I am opposed to charity, it just isn't going to be the first thing a group of 3100 masternodes vote for.  (Or maybe it is, so submit a proposal)

To some extent I agree, I was just throwing the ideas out there. Though, the post was referring to a previous post about setting up a masternode/s with the budget funds. It's a little frustrating though that a great technology for voting on proposals is there but can only be used for voting on the budget proposals.

To be fair, you don't necessarily need all 3100 masternodes to vote, you could away with around 10% of that figure if it is an incredibly popular proposal.

There are other methods to vote with a bockchain.  Here is one site working on Bitcoin voting.
http://cryptovoter.com/

[Solarminer]

I'm just going to throw one more idea out there and then I'm off.

How about some trusted member of the testing team lodge a proposal to fund a masternode or two to reward the testers! Sure the rewards won't be anything like last month's proposal but, it may provide some small incentive and also may be worth quite a lot more in the future.

One way of providing more incentive perhaps would be to have a lottery among testers, so that instead of lots of tiny payouts, all testers are in with a chance of one large payout, or a few payouts.

Then there would always be at least some funds to incentivise testing and the masternode network would be supported at the same time.

I like the idea to support testing.  Why are we tying up 1000 coins forever?  Why not just set a 20 coins/month budget?  Or some reasonable number that makes sense.  Just payout the participants with a lottery like you suggest or split it up.

We really need something much more extensive for testing. I want to make a cluster on AWS, that all core team members have access to. We can run a few hundred masternodes using this cluster, do scripted updates and test various network issues, etc. Then at the end of testing, we could even scale the cluster to 3000 masternodes to make sure it works at the levels we're using for mainnet. We could even setup the cluster to have a centralized logging system so the developers could search the logs for error messages and see what was happening without logging into a million servers.

Infrastructure is the most expensive part of testing and it would be nice to have that covered by the budget. Besides that we could have bug bounties, like 10-50 DASH per bug found for the testers. There's no hurry though, we'd rather utilize the budget to make the public aware of the project and build a nice onboarding system.

The budget system turned out to be a pretty powerful tool for us. There's so many ideas that are being tossed around that would have never worked otherwise.

Can we run a testing node on the same server as a standard masternode?  It should use a different port right?

Maybe we can do a piggyback deal that automatically runs the testing node with a standard masternode.