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

[BitWater]

and Ethereum is on its way out.

it amazes me how fast Ethereum is on its way out

I'm actually mining ethereum to buy Dash as the profitability is still good. Why is it on its way out?

I'm DarkWater from DashTalk.

its loosing marketcap so fast and they are also running out of funds. Basicly they now fully depend on others
to start building services and make this thing work.

Ethereum was catastrophically mismanaged from the beginning by a 20-year-old crypto-genius and business-moron. They lost HALF their funding by speculating on Bitcoin prices (instead of cashing out the $18 million at $500+ per bitcoin over a few months, they waited over a year and lost $9 million.) Then this kid gives several million ether from the Foundation's funds to people who barely participated in the project and who left many months ago. Then he fires/forces his CCO to quit.

Instead of focusing on one implementation of the Ethereum client, they spend massive amounts of money and time trying to build three all at once. They miss God-knows how many release dates because they used "best-case" planning instead of worst-case. Their "revised" release date of March 20, 2015 was missed by over four months.

It's a complete clown-saga over there.

I knew that kid was going to get used.  I really feel bad for him.  He is obviously on spectrum and like you said, no business sense is very likely.  Damn, I was hoping he might have good people taking care of him, but obviously not.  I'm feeling sick for him and sincerely hope he isn't going to be in legal trouble.

The first thing that I thought when I started working with ethereum is "wow this is painfully cumbersome". Like you said you basically have to learn a programming language to do even the most basic of tasks. The only value I see in it right now is that it's more profitable to mine it than Dash is with my 280x setup.

I wanted those FPGAs for dash but that became vaporware.

On ethereums management, that just sounds absolutely bonkers. It seemed like a promising idea with what looked like serious backing. It's not to say its ride is over yet, but it's getting off to a hellish start.

[1715189394]

1715189394

[1715189394]

1715189394

[TanteStefana2]

You terrible person, you got me all hot and bothered!  That looked like you posted a video!  Ugh!

Codename Evolution : From Darksend to TransformX ?


It instantly and anonymously transforms your Dash  

edit : and yes, i'm just thinking outloud here 

 

[TanteStefana2]

I knew that kid was going to get used.  I really feel bad for him.  He is obviously on spectrum and like you said, no business sense is very likely.  Damn, I was hoping he might have good people taking care of him, but obviously not.  I'm feeling sick for him and sincerely hope he isn't going to be in legal trouble.

Baptism of fire.

He seems like the kind of guy that's capable of turning a negative experience like that into something positive in the long run, but I agree with you, he has my sympathy as well.

I don't think he'll be too tainted by it though. Whatever mistakes he's made, it looks to me like he bent over backwards at every step to make sure his decisions were taken in good faith. I think he'll be looked on favourably for having had the bottle to go for it in the first place. (EDIT: I didn't mean that in an epitaphic sense - the project has a future I'm sure).

I hope you're right.  I'm not following Etherium very well, Dash takes all my available time   I'm glad to hear the situation described as you have.  Thanks

[toknormal]

The first thing that I thought when I started working with ethereum is "wow this is painfully cumbersome". Like you said you basically have to learn a programming language to do even the most basic of tasks. The only value I see in it right now is that it's more profitable to mine it than Dash is with my 280x setup.

I actually thought it was pretty awsome.

Instead of a wallet you had commands with which you could knock together in seconds (once you knew what you were doing) all kinds of functions that we traditionally associate with wallets. It really does do what Vitalik set out to achieve which was to abstract all the specialisation out of the blockchain and into a high level platform. I can see loads of applications getting developed on it.

But I don't really see it as a "currency" or a store of value like Bitcoin was built to be. The underlying 'gas' or ether (I'm not sure if they're the same thing) is really more of a massive granularised space that you reserve bits of to park your application on. They can also pump out as much ether as they need I think according to the agreements - it's not like a limited supply thing. I think the idea is that currencies can get built on top of it though.

[qwizzie]

You terrible person, you got me all hot and bothered!  That looked like you posted a video!  Ugh!

Codename Evolution : From Darksend to TransformX ?


It instantly and anonymously transforms your Dash  

edit : and yes, i'm just thinking outloud here 

 

My sincere apologies for getting you all "hot and bothered"   

[qwizzie]

Bitcoin breaking out ?

https://bitcoinwisdom.com/markets/bitfinex/btcusd

[BitWater]

I actually thought it was pretty awsome.

The potential is huge no doubt about it.

So is there any effective way to mine dash? I know there's the wolf drivers out for the 280x's. I'm concerned about the lack of GH in mining dash. It benefits both us MN operators and the currency.

[ddink7]

Ethereum was catastrophically mismanaged from the beginning

Well my Ethereum sure wasn't catastrophically mismanaged.

2 BTC in and a Dash masternode out with a couple of k ether to spare

I'dv had 2 MN's out of it if it hadn't taken me 24 hours to work out how to write my own Javascript wallet in the Frontier console to get the stuff onto an exchange. Thats the only reason the price stayed to high at the start - it WAS rocket science to discover how to retrieve your allocation and move it anywhere without having a panic attack anytime you fired a command off.

Don't get me wrong--I made some good bank off my initial investment too. But you have to admit that the management side of things has gone completely off the rails. I still think the tech is good and the idea is amazingly promising. I do think Vitalik is trying to be "all things to all people"...he's recently written about a concept where any currency could be used as fuel, not just ether. If he actually incorporates something like that, the value proposition of ether itself will go to zero.

P.S. It was actually incredibly easy to get your presale either loaded onto an exchange. I don't know why more people didn't know about it--it was fairly well-advertised on the reddit--but it was actually super easy:

kraken.com/ether

Upload your presale wallet file, enter your encryption key to decrypt it in the browser, and bam! funds added instantly. Worked like a charm!*

*Although it was 24 hours before Kraken would allow you to trade with those funds.

[toknormal]

Upload your presale wallet file, enter your encryption key to decrypt it in the browser, and bam! funds added instantly. Worked like a charm!

Didn't see that. Wish I'd known.

Still, the experience was interesting.

[toknormal]

Bitcoin breaking out ?

It's been treading water for 9 months. Amount time it did something.

Straight to $6000 this time thanks - no "pausing for thought at 1k" nonsense 

[qwizzie]

Bitcoin breaking out ?

It's been treading water for 9 months. Amount time it did something.

Straight to $6000 this time thanks - no "pausing for thought at 1k" nonsense 

i guess they didnt read this article yet : http://www.coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/

[qwizzie]

Holy F !!

Bitcoin Exchange Gemini Approved for Launch in New York
http://www.coindesk.com/bitcoin-exchange-gemini-new-york/

Gemini, the much-anticipated bitcoin exchange led by entrepreneurs and investors Cameron and Tyler Winklevoss, has received approval from the
New York State Department of Financial Services to begin serving US customers in 26 states as well as Washington, DC.

Gemini said it is now onboarding customers and will officially open for trading on Thursday, 8th October at 13:30 UTC. Transfers to and withdrawals from the exchange will be free,
though a charge of 25 basis points the value of every trade will be applied to both buyers and sellers.

No wonder 900 amount BTC buy-orders are starting to pop-up

[toknormal]

Holy F !!

Bitcoin Exchange Gemini Approved for Launch in New York
http://www.coindesk.com/bitcoin-exchange-gemini-new-york/

Wow. Seems like the Winklevoss's have "under primised and over delivered" at least on timing. Everyone on this thread was talking about January for the exchange and later in the year for the ETF.

This will be interesting.

[toknormal]

No wonder 900 amount BTC buy-orders are starting to pop-up

I was wondering where they came from too.

[TaoOfSaatoshi]

Holy F !!

Bitcoin Exchange Gemini Approved for Launch in New York
http://www.coindesk.com/bitcoin-exchange-gemini-new-york/

Gemini, the much-anticipated bitcoin exchange led by entrepreneurs and investors Cameron and Tyler Winklevoss, has received approval from the
New York State Department of Financial Services to begin serving US customers in 26 states as well as Washington, DC.

Gemini said it is now onboarding customers and will officially open for trading on Thursday, 8th October at 13:30 UTC. Transfers to and withdrawals from the exchange will be free,
though a charge of 25 basis points the value of every trade will be applied to both buyers and sellers.

No wonder 900 amount BTC buy-orders are starting to pop-up

Liked this quote:

"We’re a digital asset exchange, we happen to be doing bitcoin right now, but we have the ability to incorporate other digital assets," Winklevoss continued, adding:

"There will be digital assets that do things that bitcoin is unwilling or unable to do. It’s a total possibility we will be doing more assets in the future. What those assets are remains to be seen."

 

[BitWater]

hopefully we see Dash and Litecoin on there.

The real concern is if they begin to make ETF's on bitcoin, they can use this as a tool of destruction for crypto. Careful what we wish for here.

[GhostPlayer]

Not really a concern, ETF's may manipulate precious metals but we have the blockchain and it shows exactly how much is in one location at a time and we have the 21 million limit. I don't see an issue.

 Nailed it to the micro meter!

 At worse, it's it demise.

[qwizzie]

i made a thread in the altcoin section about this as well : feel free to express your thoughts, it will be unmoderated (at least by me)

https://bitcointalk.org/index.php?topic=1201237.0

edit : thanks for your quote Tao...

[ImI]

Looks like I have a new exchange to try out, this is definitely good news for all of crypto, hopefully we see Dash and Litecoin on there.

no chance.

[TanteStefana2]

I actually thought it was pretty awsome.

The potential is huge no doubt about it.

So is there any effective way to mine dash? I know there's the wolf drivers out for the 280x's. I'm concerned about the lack of GH in mining dash. It benefits both us MN operators and the currency.

I don't know, I just keep hashing away with my 5750, lol.  Not doing much, and the coins are trickling in so slowly, it's funny that I'm wasting electricity on it, but I have other things running, so no big deal.