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

[qwizzie]

always nice to see a coin live up to its name  



Just dont fly too high or you get burned... Flycoin

[qwizzie]

always nice to see a coin live up to its name  



Just dont fly too high or you get burned... Flycoin

This flycoin coin you speak of will make me rich? 

I'm dumping DASH and all in for flycoin, see you suckerz.......

yeah, it will carry you straight to crypto heaven 

[toknormal]

Impressive what Bitcoin is doing on Huobi, definetely an increase in volume

China dropped its rates to try to arrest its crashing growth rate. (A form of QE).

US is doing QE (via Japanese central bank as a proxy). Europe is doing QE and about to increase - hence the stocks rallying today.

It's a race to the bottom for fiat money.

P.S. I hadn't quite noticed that volume that qwizzie was talking about. That looks phenomenal. Is that the 1-week chart ? ...in which case they're now experiencing more than twice the volume of the 2013/14 bitcoin all-time-high.

[tombtc]

Boolberry: Put up or shut up. Trace an 8-round Darksend transaction back to its source address.

I never got to 8 rounds. That would take ages of mixing. God send us Evolution!

[Icebucket]

I really hope chapelin just had a baby and is just leaving the internet alone for a while.. but I voted no to the dashwale proposal becorse I think that this proposals voting apparatus should be hosted by dashpay.io not a 3rd party, there is a 5000 dollars vote on a new website and I dont see why what dashwhale is doing cant be done on that really expensive homepage. For that amount of money it should have some really nice features like proposals forum.

just a thought ...is it possible to make the dascoin.io page encrypted somehow so there is no ip trace  

[toknormal]

P.P.S - I just did a double-take at quizzie's chart. Check that white line at the bottom of his capture. That is unbelievably bullish - a flat valuation profile against a skyrocketting OBV. I've never seen anything so bullish on the OBV in the history of my chart watching. On top of that, the volume itself is pretty huge.

Bitstamp is showing the same big OBV ramp-up but with less relative volume to the December 2013 peak. (Maybe because it was a more dominant exchange back then worldwide).

As always, for me, everything revolves around what BTCe does - the most bearish exchange on the planet. If the trend can pull that lead balloon with it we might be going somewhere  

Thanks to quizzie for great on-the-ball'ness !

(P.S. Dash volume analysis is also looking good. Volume has been decaying week on week during the decline since around the 7th September. 1-Week OBV has been aggregate flat since 3rd October against a declining price which means the spring is starting to be compressed. There is also a bit of consolidation going on amongst all the alts - a fight for survival.

Only a few have really great fundamentals. Only a couple of them have complete compatibility with the bitcoin commercial interface - and only one of those is aiming to support all the properties of a 'cash' monetary media on an electronic platform    )

[BigTimeProducer]

I really hope chapelin just had a baby and is just leaving the internet alone for a while.. but I voted no to the dashwale proposal becorse I think that this proposals voting apparatus should be hosted by dashpay.io not a 3rd party, there is a 5000 dollars vote on a new website and I dont see why what dashwhale is doing cant be done on that really expensive homepage. For that amount of money it should have some really nice features like proposals forum.

just a thought ...is it possible to make the dascoin.io page encrypted somehow so there is no ip trace  

I don't see 5000 as being super expensive, that's 100 hours of a moderately priced contractors time?

[the-baker]

I don't see 5000 as being super expensive, that's 100 hours of a moderately priced contractors time?

It's not super cheap either. I haven't looked at the budget really, but I guess a part of the money is for design (including buying fonts, stock photos & such), and it will be a bit more complex than a simple blog + download page, so 5k total sounds more or less reasonable, but the new site had better be good at that price..

EDIT: Is there a quote from the agency building it that we can see?

[iCEBREAKER]

The guy sold and left and does not want to be contacted. Why can't you guys get that? If he wanted to say hello here he probably would.

He quit in disgust when he realized what a circle jerk the DASH community has become.  Built on deceit and lies.

Ah yes, the old vertoe 'fuck this centralized golden donkey cult, I quit!' routine.

That makes sense.

[Macrochip]

Too bad no one gives a fuck about a scammer's opinion.
vertoe the CacheCoin scammer's opinion is just as void as Eduardo "iCEBREAKER" de Castro the HashFast scammer's opinion.

[Jestah]

I don't see 5000 as being super expensive, that's 100 hours of a moderately priced contractors time?

It's not super cheap either. I haven't looked at the budget really, but I guess a part of the money is for design (including buying fonts, stock photos & such), and it will be a bit more complex than a simple blog + download page, so 5k total sounds more or less reasonable, but the new site had better be good at that price..

EDIT: Is there a quote from the agency building it that we can see?

Lol, I think we've different ideas on moderately priced I hope they're including maintaining it in that.

Quality web sites are very pricey in money and time.  There is a TON of time involved and I doubt that price includes maintaining it.  I wouldn't have been surprised if it was 3x more.

[Macrochip]

Yes, how did you guess? Beating dead horses is my favorite pastime!

[toknormal]

Yes, how did you guess? Beating dead horses is my favorite pastime!

That might be a meaningless chart Macrochip. The same person can be in control of multiple wallets - specially in Dash where holders are encouraged to split their holdings to maximise ROI. The "improvement" in distribution for Dash is probably due to the disaggregation of consolidated holdings into distinct cold wallets in order to collateralise masternodes - nothing to do with 'wealth distribution'.

The fact is that the market doesn't care about distribution. It cares about value. The more value an asset has, the more it is in demand. The less value, the less its in demand. It has nothing to do with distribution.

99.9999999% of the world's population are not holders of cryptocurrency of any kind. If they ever decide to become holders there's one thing you can be damn sure of - it won't be because of their 'perfect distribution'.

So everybody should stop banging on about it as if 'good distribution' enhances a cryptocurrency's value.

It doesn't.

[toknormal]

But... but... intsa... We got good distribution, the darkcoin name worked wonders and kept it out of the hands of the real criminals Acceptance for goods and services though, that's a bit of a doozy and no mistake, might take a fair bit of brain storming to work that one out :/

I'm just saying, this whole 'distribution' argument is a red herring and total hypocrisy by those who promote it. Ok, you need a few holders to get an asset started but whether it's 100, 100, 10,000 or a million is irrelevant on a point of principle. As long as the coins are available in markets they will be distributed - not on a equal basis but according to who wants them the most.

Across all cryptos, more coins got distributed by market crashes than ever did by 'proof of work'.

They are currently discussing this on another thread....

As far as markets are concerned, a very different perspective emerges than what has been asserted above.

Most non-premined, non-instamined, well distributed, perfectly launched coins go straight to zero. If not straight to zero, to zero in quite a short space of time. Of the top 10 market cap coins, more than half have 'complex' distributions to say the least.

Conclusion: Proof of Work is one way to distribute coins. But markets are ultimately a fairer mechanism of distribution because they price everything - not just emmission curves and electricity  

[Macrochip]

So everybody should stop banging on about it as if 'good distribution' enhances a cryptocurrency's value.

It doesn't.

The purpose of this chart is to rob trolls of the very foundation they thought they had to attack DASH. Not to make a point in financial theory.

What you said about Masternodes is only partially correct though: More and more people share single Masternodes with the mean price for 1k DASH increasing.

However I mostly disagree with distribution not being important: What value would a currency have if only 1 person held the entire supply? There is absolutely no need to widen this to a global scale (or "all mankind") to derive a meaningful measure. 2 people owning the supply is better than 1 person. 3 people is better than 2 and so on. What value would DASH have if 1 person held 5.9 million coins and 1 million people across the globe a fraction of 10 coins? No need to include the rest of mankind in this: It would be an objectively terrible distribution rendering the entire currency worthless. So distribution is important, even if its only relative distribution compared to other currencies.

[Macrochip]

Why? That's about the same situation as we have with the dollar and it's almost universally perceived as having value.

Which one? An 1850 Dollar, a 1900 Dollar or a 2015 Dollar? What the Dollar did to its value in over 200 years would happen in crypto-space in about 200 days or maybe hours.

[distributeToMePls]

So everybody should stop banging on about it as if 'good distribution' enhances a cryptocurrency's value.

It doesn't.

(...)
However I mostly disagree with distribution not being important: What value would a currency have if only 1 person held the entire supply? There is absolutely no need to widen this to a global scale (or "all mankind") to derive a meaningful measure. 2 people owning the supply is better than 1 person. 3 people is better than 2 and so on. What value would DASH have if 1 person held 5.9 million coins and 1 million people across the globe a fraction of 10 coins? No need to include the rest of mankind in this: It would be an objectively terrible distribution rendering the entire currency worthless. So distribution is important, even if its only relative distribution compared to other currencies.

Richest 1% to own more than rest of world, Oxfam says
http://www.bbc.com/news/business-30875633

The wealthiest 1% will soon own more than the rest of the world's population, according to a study by anti-poverty charity Oxfam.

The charity's research shows that the share of the world's wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.

On current trends, Oxfam says it expects the wealthiest 1% to own more than 50% of the world's wealth by 2016.

The research coincides with the start of the World Economic Forum in Davos.

The annual gathering attracts top political and business leaders from around the world.

Oxfam's executive director Winnie Byanyima, who will co-chair the Davos event, said she would use the charity's high-profile role at the forum to demand urgent action to narrow the gap between rich and poor.

In a statement ahead of the gathering, Ms Byanyima said the scale of global inequality was "simply staggering".

[rpietila]

PoW is a lousy way to distribute the coins to any number than at most 100-1,000 holders. But it is flawed to think that market crashes work to this end either. I don't believe that the dilemma of distributing coins has been adequately solved yet, and I do believe that it is an important task to consider if a coins actually aims for global markets, or even a dominant position in them.

[iCEBREAKER]

artificially raising the cost of full node creation by 1000 DASH is an absolute disaster for decentralization.

http://www.truthcoin.info/blog/measuring-decentralization/

Dash's "full nodes" cost no more than bitcoin's.  i.e. ZERO.

Wrong.  The only masternode you can trust is the one you run yourself.  That costs >$2000.  Fuck that noise!

Kind of crazy folks are saying the masternodes are centralised though, there's over 3000 of them now and its growing all the time.

Of course it is, but you can join the crazy club of masternodders obeying the church of evan for just 2400 usd currently.
30 % of them are at OVH, 17% at Choopa LLC....

No ponders you called them like Kim Kardashians Boutique stores (http://www.dailymail.co.uk/tvshowbiz/article-3032841/Kourtney-Khloe-Kardashian-lead-celebrations-DASH-store-goes-online.html),

With DASH it´s even better, the rich get richer and richer as they rake in the most masternode rewards and can launch new masternodes faster thus owning a bigger percent of the network faster and faster, such decentralziation.
Compound intersted is a bankers or dashers wet dream i guess.

Effectively you have a proof of stake system in it´s most pervers form ever.
And with this switch to a PoS system you also inherited all the problems too... in a PoW system you have a healthy split of powers between miners and investors/users/merchants where both have to cooperate or all will lose, you just got rid of it and investors control everything now. congratulations.
What happens if someone confiscated a big amount of BTC or steals them? Yeah really, you are fucked.


Let´s not even get into the jurisdical problem running one of those nodes can bring you...

The older ones here know your "masternode" concept already. We called them Supernodes back in the day. Even Skype was sooo cool to use them.
Gnutella has/had (didn´t study it since years) the same flaws.

Anything different than a pure P2P, any model with relaxed rules can and will be used to attack the network more effectively. Randomization is the most important design principle in a fault tolerant p2p network. Some learned it the hard way (Kazaa).

Dash's pay-to-play structure is another parallel to Scientology, the first being the attack-the-attacker policy.

[iCEBREAKER]

Yes, how did you guess? Beating dead horses is my favorite pastime!

That might be a meaningless chart Macrochip. The same person can be in control of multiple wallets - specially in Dash where holders are encouraged to split their holdings to maximise ROI. The "improvement" in distribution for Dash is probably due to the disaggregation of consolidated holdings into distinct cold wallets in order to collateralise masternodes - nothing to do with 'wealth distribution'.

lol rekt

Thanks for sticking up for facts and logic, toknormal.