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

[tungfa]

An In-Depth Interview With Evan Duffield, Creator of Dash

https://www.coingecko.com/buzz/interview-evan-duffield-dash?locale=en

 

[ddink7]

An In-Depth Interview With Evan Duffield, Creator of Dash

https://www.coingecko.com/buzz/interview-evan-duffield-dash?locale=en

 

This was great!!

[Honest Tim]

So dashd stops......

I start it back up and I lose 3+ days of service.
How will I ever get paid if this continues??

[eduffield]

So dashd stops......

I start it back up and I lose 3+ days of service.
How will I ever get paid if this continues??

The client supports two different kinds of masternode startup sequences.

Cold-start: Where you get your 1000DASH input key out and sign a new message to the network, updating the masternode-announce message. This is what resets your queue positition.

Hot-start: When your hot node sees a matching masternode-announce in the masternode list, it will hot-start itself. This doesn't reset the queue position, the hot-node simply starts pinging the network to say it's still active.

So when dashd crashes (it shouldn't and I'm working on that today), you should have a crontab entry setup to restart the client automatically. When it restarts automatically, it will just hot-start itself because when it sees it's own entry it knows it's suppose to be active.

Udjin has a nice restart script here: https://bitcointalk.org/index.php?topic=421615.msg12233642#msg12233642

[Honest Tim]

@eduffield. Thanks boss, much appreciated!

[bigrcanada]

Hi gang.  havent been around.  we are in full grape harvest mode here at the winery. Thought I'd check in and start up my wallets my wallets...and its been stuck Syncing data at 75% for about 15 minutes.

Edit:  Opps....its finally synced.  Sorry.  All good here on the western front.  Holy cow...lots of interesting things going on.

[eduffield]

How does the masternode network reduce volatility in our markets?

It's best to think of our system has having multiple economies with one greater economy. The masternode network has it's own market cap and so does our currency market. Each have a separate valuation and dynamics, but they complement each other by lowering the volatility of each other and allow much greater efficiency when transferring value.

As an extreme example (it's much easier to show the effect at these levels), lets say the masternode market was worth 1 trillion dollars and we had 99% of the market's total coinage locked up in the masternode network (5643 total masternodes of 5700). It means there's only 57000 coins for the currency market and EACH coin is worth $175,438.00. That means it is going to be insanely difficult to move the currency markets and there's $9B* worth of liquidity in the currency part of the market.

How would this work if we had no masternode market at all?

With a 9B dollar market and 5.7 Million coins total. Each coin is worth $1754. It's much easier to move the market in this case.

What would happen if we had a 1 billion dollar dump with no masternode network and 9 billion dollars of liquidity in the markets? It would cause a 11.1%** decline in price, a much greater impact on the economy. With a trillion dollar market cap however, 1B represents a 0.1%** move in the markets and a much more stable market.

* $9B is just an example, it's a separate market and can't be calculated exactly from the masternode network's market
** Exact percentages would depend on market depth

[Sub-Ether]

So dashd stops......
I start it back up and I lose 3+ days of service.
How will I ever get paid if this continues??

I am also getting a crash exit after ~3 days of the dashd with windows as a remote machine, this has never happened before V12, am wondering is there a restart script for windows? I only see linux.
Thanks.

[pille]

EACH coin is worth $175,438.00

Wanna attack Berkshire Hathaway Inc. A ?  

[qwizzie]

I was looking through my pictures (i seem to have collected quite a few on my PC by now) and i came across this one :



It reminds me of someone in this forum but i can't for the life of me remember who, which is very very irritating.
Oh well, it will get back to me ...

[Auxi]

MN ROI is lower now... with the stable hash, the 3,2k mn and the dash low price (2.40) 0.01% per month?
I won´t pay 2300$ if I just get 23$-5$(vps)=  18$ per month

[splawik21]

MN ROI is lower now... with the stable hash, the 3,2k mn and the dash low price (2.40) 0.01% per month?
I won´t pay 2300$ if I just get 23$-5$(vps)=  18$ per month

It is ~160 coins/year

[kadrek]

MN ROI is lower now... with the stable hash, the 3,2k mn and the dash low price (2.40) 0.01% per month?
I won´t pay 2300$ if I just get 23$-5$(vps)=  18$ per month

I'd assume most people aren't running one for the current ROI, but because they see the value of the coins increasing in the future.

[eduffield]

Liquidity Providers

Hey everyone, I'm preparing the next proposal for October and I'd like to get 3-5 people to run the QT client in the liquidity provider mode to support the network. The idea here is you need some amount between 100 and 1000 DASH available online and we'll pay about $50 worth of dash a month for supporting the network.

If you're interested send me a PM

[Solarminer]

This is interesting.  Circle is now offering the option to keep your balance in $US or in BTC.  Basically, do you want your balance to fluctuate with $US or with BTC.  Cool idea.  It also makes transferring funds to other countries really simple, especially, if there is a 'circle' located in the other country.

Maybe the en-dash.io/rectangle/cir-cle or whatever exchange name that some creative project owner can come up with, would do this also.  Merchants would then just see the exchange as a bank account that also accepts DASH with lower fees, faster deposits, and with no chargebacks.

[qwizzie]

Liquidity Providers

Hey everyone, I'm preparing the next proposal for October and I'd like to get 3-5 people to run the QT client in the liquidity provider mode to support the network. The idea here is you need some amount between 100 and 1000 DASH available online and we'll pay about $50 worth of dash a month for supporting the network.

If you're interested send me a PM

I'm glad to see this is getting the attention we all discussed on this forum before, i'm looking forward to the budget proposal.

[the-baker]

Liquidity Providers

Hey everyone, I'm preparing the next proposal for October and I'd like to get 3-5 people to run the QT client in the liquidity provider mode to support the network. The idea here is you need some amount between 100 and 1000 DASH available online and we'll pay about $50 worth of dash a month for supporting the network.

If you're interested send me a PM

I thought Darksend was going away in the next version? Or is this just meant as a temporary stopgap?

[toknormal]

How does the masternode network reduce volatility in our markets?

It's best to think of our system has having multiple economies with one greater economy. The masternode network has it's own market cap and so does our currency market. Each have a separate valuation and dynamics, but they complement each other by lowering the volatility of each other and allow much greater efficiency when transferring value.

As an extreme example (it's much easier to show the effect at these levels), lets say the masternode market was worth 1 trillion dollars and we had 99% of the market's total coinage locked up in the masternode network (5643 total masternodes of 5700). It means there's only 57000 coins for the currency market and EACH coin is worth $175,438.00. That means it is going to be insanely difficult to move the currency markets and there's $9B* worth of liquidity in the currency part of the market.

How would this work if we had no masternode market at all?

With a 9B dollar market and 5.7 Million coins total. Each coin is worth $1754. It's much easier to move the market in this case.

What would happen if we had a 1 billion dollar dump with no masternode network and 9 billion dollars of liquidity in the markets? It would cause a 11.1%** decline in price, a much greater impact on the economy. With a trillion dollar market cap however, 1B represents a 0.1%** move in the markets and a much more stable market.

* $9B is just an example, it's a separate market and can't be calculated exactly from the masternode network's market
** Exact percentages would depend on market depth

(Is that correction correct ? - i.e. did you mean complement as opposed to "compete" ?)

I've read this about 4 times now because I couldn't square the idea that you could move the market a lot in one case and a little the another since I always look at it as one continuous coin supply in both cases. But now that I see it as two distinct commercial markets, each with their own size and dynamics, the implications are just starting to dawn on me.

Basically what you're saying is that the fact that a majority of the coin supply earns a fixed income (percentage ways of the mining supply) for its holders, this has a stabilising effect on the remainder which has to inflate - in dollar terms - to meet the liquidity requirement of the trading market.

That inflation (again, seen from a dollar perspective) then increases the profitability of the masternode network over time, which in turn supports the value of that market sector. A virtuous cycle.

I look forward to seeing where this goes. The currency is looking well primed for each market in its own right - nevermind when they compliment each other like this.

Awsome - both financially and technologically. But then again, what is the point of holding currency if you can't earn interest on it ? It's only what a regular investor off the street would expect (not withstanding ZIRP policies   ). The breakthrough here, though, is the marrying of that requirement to finding a way of putting the funds to work that's of service to the network and that earns a return !

[eduffield]

Liquidity Providers

Hey everyone, I'm preparing the next proposal for October and I'd like to get 3-5 people to run the QT client in the liquidity provider mode to support the network. The idea here is you need some amount between 100 and 1000 DASH available online and we'll pay about $50 worth of dash a month for supporting the network.

If you're interested send me a PM

I thought Darksend was going away in the next version? Or is this just meant as a temporary stopgap?

Just temporary

[fuzzyduck]

Liquidity Providers

Hey everyone, I'm preparing the next proposal for October and I'd like to get 3-5 people to run the QT client in the liquidity provider mode to support the network. The idea here is you need some amount between 100 and 1000 DASH available online and we'll pay about $50 worth of dash a month for supporting the network.

If you're interested send me a PM

PM'ed at dashtalk.