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

[BiteMyShinyMetalAss]

Nice buy wall on poloniex!
Whats with ETH frenzy?
Happy DASH is picking up! Hope we can gain some more value!

[toknormal]

Whats with ETH frenzy?

Microsoft is sponsoring one of their conferences.

[toknormal]

Updates from the 'core' - Pump & Dump baby

Hey - have a heart.

A hard working dev needs his fun and how better to relax than a bit of recreational market manipulation 

[dihydrogenmonoxide]

Updates from the 'core' - Pump & Dump baby

03-30 [16:22:20] <fIuffypoony> m8, i make pump tonight
03-30 [16:22:35] <luigi1111w> sweet! what time?
03-30 [16:22:36] <fIuffypoony> are you with me
03-30 [16:22:41] <fIuffypoony> 1h
03-30 [16:22:44] <luigi1111w> yeah let's do this!
03-30 [16:22:55] <fIuffypoony> but we need btc
03-30 [16:23:01] <fIuffypoony> i'm short atm
03-30 [16:23:09] <fIuffypoony> i have xmr ,dash
03-30 [16:23:12] <luigi1111w> where do we get it?
03-30 [16:23:18] <fIuffypoony> bittrex
03-30 [16:23:31] <fIuffypoony> i setup bot
03-30 [16:23:36] <fIuffypoony> and sell orders
03-30 [16:24:03] <luigi1111w> then what?
03-30 [16:24:09] <fIuffypoony> do you have any btc for invest
03-30 [16:24:20] <fIuffypoony> i mean , 25-30% profit
03-30 [16:24:27] <fIuffypoony> we can share 50-50
03-30 [16:24:32] <luigi1111w> that sounds nice

 

Ancient chat log?  

[rangedriver]

You genuinely have to wonder if both of you are too stupid to see that these are fake usernames, or if you're just promoting misinformation.

My money's on the latter.

I wouldn't rule out the former.

[toknormal]

You genuinely have to wonder if both of you are too stupid to see that these are fake usernames, or if you're just promoting misinformation.

Keep your hair on. Despite being able to tell a double-o from a single, some of us didn't have a sense-of-humour-bypass at birth. Please read my response again  

[tungfa]

Dash Masterclass – Russia (Photo/Video)

https://www.dashpay.io/news/dash-masterclass-russia-photovideo/



Based on this:
http://cointelegraph.com/news/115465/bitrubles-qiwi-moscow-high-school-of-economics-launch-blockchain-master-classes
Tx alex-ru

[Rux]

i just scored 0.5 btc on primedice   

i think im gonna buy aprox 60 DASH in 2-3 min   

wait for me guys

[olcaytu2005]

i just scored 0.5 btc on primedice   

i think im gonna buy aprox 60 DASH in 2-3 min   

wait for me guys

Hey! use poloniex, cryptsy has too much withdraw fee.

[BiteMyShinyMetalAss]

i just scored 0.5 btc on primedice   

i think im gonna buy aprox 60 DASH in 2-3 min   

wait for me guys

Hey! use poloniex, cryptsy has too much withdraw fee.

Well cryptsy seems to be done... 60% of volume on poloniex!
Is it just me or poloniex for real is a pump and dump exchange? Was lurking for couple days and got impression that nobody cares about anything,
as long as you can pump and dump and then repeat...?

[toknormal]

Is it just me or poloniex for real is a pump and dump exchange? Was lurking for couple days and got impression that nobody cares about anything,
as long as you can pump and dump and then repeat...?

It is a pump and dump exchange and yes - nobody cares about what they're trading. It could be matchsticks for that matter as long as they make gains.

One of the reasons for that is that Poloniex supports margin trading - tools which allow you to amplify your gains even though you don't have the money to trade. Of course they also amplify your loses.

One of those tools lets people make huge profits from shorting - i.e. making a lot of money by pushing the price down on a weak asset. The way it works is you borrow a stock of crypto from liquidity providers on the exchange, sell it into the market and then buy back at a lower price once you've shoved the price down. So people can manipulate markets even though they don't actually have the funds themselves. Monero for example has had a huge kicking from this practice over the last few months. You'd get big support walls forming and then these humungous dumps into them which would kick off a decline. Then as the selling accelerates you'd get a massive bounce as the shorters close out their shorts (buy back to repay their loans). You get the same in reverse with the longs resulting in square shaped price profiles - a big pump on low volume, a horizontal phase while liquidity builds in the bid stack, then a huge dump on high volume.

Of course it's a high risk strategy - if you get it wrong you can make big losses.

The problem I have with it is that this type of margin trading has a disproportionate effect in low liquidity markets. A single trader can easily take out 10%-20% of the valuation of any crypto just using these techniques. Margin trading is really intended for high liquidity markets where it maybe gets the stock to where it was already going but faster.

[BiteMyShinyMetalAss]

Is it just me or poloniex for real is a pump and dump exchange? Was lurking for couple days and got impression that nobody cares about anything,
as long as you can pump and dump and then repeat...?

It is a pump and dump exchange and yes - nobody cares about what they're trading. It could be matchsticks for that matter as long as they make gains.

One of the reasons for that is that Poloniex supports margin trading - tools which allow you to amplify your gains even though you don't have the money to trade. Of course they also amplify your loses.

One of those tools lets people make huge profits from shorting - i.e. making a lot of money by pushing the price down on a weak asset. The way it works is you borrow a stock of crypto from liquidity providers on the exchange, sell it into the market and then buy back at a lower price once you've shoved the price down. So people can manipulate markets even though they don't actually have the funds themselves. Monero for example has had a huge kicking from this practice over the last few months. You'd get big support walls forming and then these humungous dumps into them which would kick off a decline. Then as the selling accelerates you'd get a massive bounce as the shorters close out their shorts (buy back to repay their loans). You get the same in reverse with the longs resulting in square shaped price profiles - a big pump on low volume, a horizontal phase while liquidity builds in the bid stack, then a huge dump on high volume.

Of course it's a high risk strategy - if you get it wrong you can make big losses.

The problem I have with it is that this type of margin trading has a disproportionate effect in low liquidity markets. A single trader can easily take out 10%-20% of the valuation of any crypto just using these techniques. Margin trading is really intended for high liquidity markets where it maybe gets the stock to where it was already going but faster.

I was thinking of this. You dont even need much of BTC, with 50BTC can mainpulate small markets like DASH and Monera. Put yourself a 10BTC short. Dump 40BTC worth of DASH then close your shorts and repeat and do for any other coin. While doing it write at troll box from several accounts and here you have.
So would it not be better to get away from that exchange? Cause by trading there we indirectly promote market manipulation?

[toknormal]

So would it not be better to get away from that exchange? Cause by trading there we indirectly promote market manipulation?

It's a free market and ultimately fundamentals prevail.

Shorters tend to massacre assets with weak fundamentals but are more wary of stocks that have some background stability. Dash is already pretty well compacted due to a year's worth of incessant trolling and a period of quiet while the next development phase goes on.

It would be a brave shorter who tried to push it any further because you just have to look at the trading of the last few weeks to see what the problem would be - finding the liquidity to close out your shorts. There's almost nobody selling at these prices, let alone at another 10-30% discount.

[illodin]

The great thing about DASH is that it's the topic on everyone's minds. 

<dEBRUYNE> All right
<dEBRUYNE> I´ll let you know what dnaleor thinks about it (will just copy him this conversation).
<fluffypony> kk
<dEBRUYNE> Btw, if I may ask, how are the performance issues proceeding? (This is regarding your post on reddit)
<fluffypony> it's going
<fluffypony> that's NoodleDoodle's domain right now
<fluffypony> and he's made excellent progress
<fluffypony> hard to tell when he'll be done
<dEBRUYNE> Nice to hear, let him take his time :-P
<dEBRUYNE> I rather have something right than a network split a few days after the release of the tagged version :p
<fluffypony> agreed
<fluffypony> this isn't Dash with "sporks"
<dEBRUYNE> I still don´t get the spork thing :p
<dEBRUYNE> Do you perhaps know what it exactly is?
<dEBRUYNE> It atleast isn´t decentralized
<fluffypony> basically he wraps new code into a little block
<fluffypony> and then he can use Bitcoin's alerting system to enable / disable it
<dEBRUYNE> So if he turns malicious one day they are basically fucked?
<fluffypony> yes
<dEBRUYNE> Or under a gag order or whatever
<dEBRUYNE> That´s kinda scary
<fluffypony> he can leave some dormant code in there and then remotely enable it
<fluffypony> and they're too retarded to even notice
<dEBRUYNE> <fluffypony> and they're too retarded to even notice <= Yeah reading their thread alone makes my brain cringe
<fluffypony> lol
<dEBRUYNE> They behave as a cult though
<fluffypony> yip
<dEBRUYNE> I find it odd that they call him by his first name
<dEBRUYNE> It´s not like we call you Ric all day on the forum
<fluffypony> lol
<dEBRUYNE> imagine that
<dEBRUYNE> And otoh is still buying
<dEBRUYNE> I think my finance professor would get a sudden heart attack if he sees his portfolio
<fluffypony> lol

The two most talked about Monero topics are GUI wallet and Dash.

[toknormal]

[illodin]

<snip> is driving our page count up.

Hmmm, yesterday we pass page 5555, look where we are now?
Lol, more than 50 pages deleted, did troll post disapeared massively?

Everyone is free to make their own decisions. Ignore me if you disagree.

I think there are plenty of warnings regarding the DASH instamine and other red flags in the alt coin section already.  Some people make assumptions about coin popularity based on the length of their announcement thread (although this is often a bad assumption).  Why not keep our criticisms about DASH in the alt coin section devoted to those topics and ignore their announcement thread? I estimate that their announcement thread is at least 1 or 2 thousand pages longer than it should be because of people posting about their instamine and other problems.

I actually have doubts that the DASH community is larger than Monero but the length of their announcement thread gives that impression. Our Reddit page for example is more active than theirs. Some of you may have noticed that r/dashpay recently decreased from 5000 readers to about 1100 (I suspect many of their fake readers were deleted). As much as the DASH community complains I think they actually like Monero supporters posting in the DASH announcement thread to make it longer. I propose we stop posting their and post in the topics already started to discuss specific topics (instamine, lack of masternode mode blinding, mining rewards, sporks etc.) instead.

Although unprofessional behaviour by other Crypto-Currency devs,  thanks for funding the promotion of DASH... We would like to thank you for keeping us top of mind on this forum. As the saying goes... There is no bad publicity!  Thanks...

Please share your thoughts.

Agreed. I'm going to stop posting about DASH already.

Much of the volume was not just Monero posters, but DASH users quoting our posts and responding. I still wonder how many pages would disappear from the announcement thread if all Monero posters deleted all comments. 500-1000 maybe?

[illodin]

=> DASH was clearly a planned instamine (and thus a scam)

By most conventions, a 'scam' is where someone steals money from a victim and doesn't give it back. You have not exposed a scam.

You are being scammed, but either you don't see it or are willfully ignorant.
What will you do with your bags containing masternodes when there isn't any significant BID-side left on the exchanges?

Has anyone promised that if you buy bags containing masternodes there will always and forever be significant BID-side on the exchanges?

And oh, thanks for posting, please post more.

[illodin]

Recent investigation showed that there were 124 IP addreses that were mining at the start. 115 of those addresses where Cloudhosting and Dedicated Servers, 9 of them seem to be private/users.106 of them were at Amazon AWS and Microsoft Azure cloud instances.

"Investigation" lol. How can you possibly say that 124 IP list is a comprehensive list of all nodes or miners online at that time? If anything it looks like it's a snapshot of nodes one peer was seeing at one point in time. What a coincidence there are 124 peers in that list you base your "investigation" on when considering the default value for -maxconnections is 125. My miner's IP isn't on that list and I had been mining a good while when that list was posted. And what is a "private user" vs cloud miner? It was very common at that time to mine cpu mineable coins using cloud instances, are you claiming all those Amazon and Azure nodes were Evan's?

*Evan isn't acting alone, he had/has a team behind him right from the start.

Yes he and InternetApe were a team. The most likely distribution between them was 50-50. InternetApe dumped what he had left and took off a year ago or so.

It wasn't a hobby.

If he was at work at the same time, wasn't it a hobby? Perhaps he can provide a proof he was still working for another employer while launching it.

he had a plan to make a profit.

Would it have made you satisfied if his plan was to lose money?

=> DASH is clearly the reason Monero isn't going anywhere.

Disagree.

[AdamWhite]

The great thing about DASH is that it's the topic on everyone's minds. 

It's like a car crash.. you can't help but watch

[sangoku]

Dash in Russia

https://www.youtube.com/watch?v=aFVqkUWr8oc

https://www.facebook.com/media/set/?set=a.917782588312199.1073741832.914896778600780

QIWI https://qiwi.com/