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

[megges]

If the max supply of dash is let's say 25,000,000 (i can't remember the max at it is dependent on difficulty?) that means that the maximum amount of masternodes that could exist is 25,000 using my example cap. I'm pretty sure there are more bank locations than 25,000 world wide.

What happens when 1000 dash costs $1,000,000? Isn't that a problem when you have such a high barrier to entry? It doesn't sound like decentralization but quite the opposite.

It's like the barrier to entry of opening your own bank location (you have to have $X to do so).

If the collateral to run a masternode would be a "higher barrier", because of price, we could reduce the required collateral.
There should be no real disadvantage for the ones who already own a masternode, because they could split their 1000 vin into new masternodes and will get the same share from the block reward as before.
So we could scale to more "locations".
Ofc you could argue that Masternode owners would have to pay more for the network connection/location/traffic/...., but in that case the price of DASH should be assumed higher and so that is not really a problem, because the "return" would also be higher in that case.

Btw if i remember right Evan posted on this some time ago, and his idea was also to lower the collateral in that case of "problem".

[toknormal]

What happens when 1000 dash costs $1,000,000

Is that supposed to be a criticism ?   

smoothie logic: hey - gold has a high value, thats a "barrier to entry".

It sure is, I'll give you that 

[arielbit]

So now we're resorting to trolling me, really? I lurked BCT long before I registered thank you very much, not that I need prove anything else for that matter.

so you and your circle jerk buddies just lurk there in the dark and...boom suddenly you all registered when darkcoin was released?

c'mon you can do better than that 

[arielbit]

.Seriously...I love the staying power of our troll/followers and I encourage more of the same Baloney.  So sad...I'm actually starting to feel empathy and sadness for the lot of you. 

well...hello there mr bigratcanada  so..you are the big guy here...happen to know what is the big thing vertoe is referring to?

the core devs were just a bunch of volunteers exploited for the big thing.

[arielbit]

Buying some DAShcoin. Expecting double value a week or two

want some dashcoin buddy? i'll give you for free  

the "true dash" just say so and i'll give ya  https://bitcointalk.org/index.php?topic=1020627.0

[alex-ru]

So now we're resorting to trolling me, really? I lurked BCT long before I registered thank you very much, not that I need prove anything else for that matter.

so you and your circle jerk buddies just lurk there in the dark and...boom suddenly you all registered when darkcoin was released?

c'mon you can do better than that  

Sherlock Holmes, have you analyzed which % of current BCT-users was registered in the beginning of 2014, after Bitcoin had had the "over 1000 usd" pump-dump?
Look at your date of registration...


The more unusual fact is:
iCEBREAKER Date Registered: June 02, 2011
smoothie      Date Registered: June 18, 2011

[smoothie]

What happens when 1000 dash costs $1,000,000

Is that supposed to be a criticism ?  

smoothie logic: hey - gold has a high value, thats a "barrier to entry".

It sure is, I'll give you that  

Look at your broken logic.

I can buy 1 gram of gold for $50.

I can't buy 1 "gram" of  a masternode for $X. (you can't buy a fractional amount of a masternode).

Buying gold has nothing to do with being a "mastergoldnode"....<----doesn't exist.

The barrier to entry exists for dash...not for gold.

Go back to the drawing board and come up with a better point of view that makes sense.

Spin moar, I like the way you dance. 

[toknormal]

Some interesting sums changing hands on Huobi right now.

100k to Quarter of a million dollar single trades every few seconds Weekly volume has broken all records - even last month's big rally. It's phenomenal.

If Dash can deliver a blockchain that is as transparent and accessible as bitcoin's while simultaneously making one address's contents look indistinguishable from another, it will truly be approaching the holy grail of monetary media.

[smoothie]

So now we're resorting to trolling me, really? I lurked BCT long before I registered thank you very much, not that I need prove anything else for that matter.

so you and your circle jerk buddies just lurk there in the dark and...boom suddenly you all registered when darkcoin was released?

c'mon you can do better than that  

Sherlock Holmes, have you analyzed which % of current BCT-users was registered in the beginning of 2014, after Bitcoin had had the "over 1000 usd" pump-dump?
Look at your date of registration...


The more unusual fact is:
iCEBREAKER Date Registered: June 02, 2011
smoothie      Date Registered: June 18, 2011

oh now I'm ice breaker? Is that the theory? 

Sheesh even myself and ICE know we arent the same person. We have had it out many times on this forum.

Do your homework. We don't agree on everything...but what we do agree on is what DASH is and what DASH isn't.

[toknormal]

I can buy 1 gram of gold for $50.

I can't buy 1 "gram" of  a masternode for $X. (you can't buy a fractional amount of a masternode).

Maybe you didn't read this:

....bitcoin and cryptocurrencies are *base money*. You can't run a financial system on base money alone - at least not a developed one. It would be like trying to ride the tour-de-france in bottom gear the whole way round, including the mountain stages.

Layers evolve on top of it which disperse the wealth.

For example, lets take a hypothetical scenario where Bitcoin captures 0.1% (one tenth of one percent) or world asset marketcap. Meanwhile, Dash captures one percent (1%) of Bitcoin's marketcap. (It's currently at a quarter of one percent BTC marketcap).

That would put the value of masternode collateral at around half a million dollars ($500,000).

Lets say that's enough of a cap for a certain institutional - such as trade union, pension fund, corporate trust, whatever, to at least hedge into 10 masternodes which would represent a capital sum of $5 million fiat equivalent.

The annualised return on that element of their portfolio (at today's payout levels) would be around $350,000 (350 thousand dollars) if realised, just from blockchain revenue alone.  Remember that masternode revenue as mining revenue is not fiat gain until you cash into dollars and coming against that is a constant increase in coin supply through mining, so it's possibly not as great a return as that but still measurable.

However, the corporate fund has that money invested on behalf of its subscribers who may number in the 100's of thousands. Moreover, although there is "counterparty risk" for the fund subscribers, there is none for the fund (necessarily) since they are at liberty to manage the base asset - the blockchain keys - themselves if they so choose.

Working:

[smoothie]

I can buy 1 gram of gold for $50.

I can't buy 1 "gram" of  a masternode for $X. (you can't buy a fractional amount of a masternode).

Maybe you didn't read this:

... deflecting and distracting

I don't need to read it.

I just read your broken argument that because gold is expensive per oz (over $1000) that means there is a "barrier" to entry when comparing it to Dash. As if that justifies it.

Your logic is broken. Comparing gold's price to dash is silly in the context of "barrier" to entry.

You can't break a master node up into pieces and buy portions of it...

keep dancing  

P.S. since you didnt quote the entirety of what I was responding to here it is again:

What happens when 1000 dash costs $1,000,000

Is that supposed to be a criticism ?  

smoothie logic: hey - gold has a high value, thats a "barrier to entry".

It sure is, I'll give you that  

Look at your broken logic.

I can buy 1 gram of gold for $50.

I can't buy 1 "gram" of  a masternode for $X. (you can't buy a fractional amount of a masternode).

Buying gold has nothing to do with being a "mastergoldnode"....<----doesn't exist.

The barrier to entry exists for dash...not for gold.

Go back to the drawing board and come up with a better point of view that makes sense.

Spin moar, I like the way you dance. 

[toknormal]

I don't need to read it.

I think you do 

[smoothie]

I don't need to read it.

I think you do  

It doesn't matter what you think given your track record of broken logic to spin things to suit your agenda.  

[toknormal]

spent

LoL !

Try to keep your toys in the pram

[patrolman]

You can't break a master node up into pieces and buy portions of it...

Please tell these websites that their pooled masternode services can't exist. If they ask why, just tell them because smoothie said so, that should convince them. If that doesn't work tell them their logic is broken.

https://masternode.me/
https://node40.com/#/
http://dash.org.ru/pages/mn-en.php
http://regato.io/

[smoothie]

You can't break a master node up into pieces and buy portions of it...

Please tell these websites that their pooled masternode services can't exist. If they ask why, just tell them because smoothie said so, that should convince them. If that doesn't work tell them their logic is broken.

https://masternode.me/
https://node40.com/#/
http://dash.org.ru/pages/mn-en.php
http://regato.io/

Oh hai Dasher #12

One phrase comes to mind: "If you don't hold it (in your possession) you don't own it".

lol let's now introduce a 3rd party into the whole discussion of owning a masternode. lol

Throw COUNTER-PARTY RISK into the mix as well.

Great idea!

 

[oblox]

So now we're resorting to trolling me, really? I lurked BCT long before I registered thank you very much, not that I need prove anything else for that matter.

so you and your circle jerk buddies just lurk there in the dark and...boom suddenly you all registered when darkcoin was released?

c'mon you can do better than that  

I'll leave one final post on this matter:

Yep, pretty much the only way to post those logos. Never had a need to register here since I was on HardForum (lurked there for years before registering in Nov 2013) and didn't feel the need to post to add anything... If I recall my story in crypto, I started mining LTC/FTC/DGC/DOGE, then multimining alts for BTC with Wafflepool/Middlecoin/ScryptGuild, rolled the proceeds into BC/BLK, rode that up and got pretty deep into DRK around 0.000138-.00014 (and anyone could have for that matter as I remember the price sticking around there for months before it's epic May rise). Everything about that REKT post still holds true. I didn't mine it at launch, I wasn't aware of the instamine in the beginning because XCoin wasn't even on my radar before it name changed and I had the BTC available to purchase some. It sucked that the launch was the way it was.... I think everyone wishes they could have mined it back in the beginning but hindsight is 20/20. I got involved into Darkcoin at the time because there really wasn't anything around that filled the privacy niche, the core driver of my investment.

It's no different than me holding SDC and XMR... as a matter of fact, my only holdings at the moment are BTC, DASH, and XMR. I have been partially responsible for some of the large dumps earlier this year being that I held over 100k of XMR.

It's a shame that a few of you continue to leave such a sour image for Monero instead of using all your efforts to continue focusing on growing your own coin. I didn't invest into XMR because of any of you--I invested into it because it fits the privacy niche and utilizes a completely different codebase than Bitcoin representing a nice hedge in the event of potential exploits in Bitcoin's codebase.

The fact that you want to resort your attacks now into saying I'm magically part of the Darkcoin launch or a puppet account is just sad. Last I checked, April wasn't January. Good detective work bro.

[patrolman]

You can't break a master node up into pieces and buy portions of it...

Please tell these websites that their pooled masternode services can't exist. If they ask why, just tell them because smoothie said so, that should convince them. If that doesn't work tell them their logic is broken.

https://masternode.me/
https://node40.com/#/
http://dash.org.ru/pages/mn-en.php
http://regato.io/

One phrase comes to mind: "If you don't hold it (in your possession) you don't own it".

lol let's now introduce a 3rd party into the whole discussion of owning a masternode. lol

Throw COUNTER-PARTY RISK into the mix as well.

Great idea!

 

Nobody's forced to do it, it's an option that is available.

Another option is pooling resources with trusted friends or family members, if you don't trust them, you could be in charge of the keys (although perhaps having to trust you could be problematic). You could even sign a binding contact specifying terms with others if you really wanted to. I'm sure a trustless multisig option will be available in the future, or perhaps the devs will come up with some other way of sharing masternodes. There are several options available right now and there will no doubt be more in the future.

[smoothie]

You can't break a master node up into pieces and buy portions of it...

Please tell these websites that their pooled masternode services can't exist. If they ask why, just tell them because smoothie said so, that should convince them. If that doesn't work tell them their logic is broken.

https://masternode.me/
https://node40.com/#/
http://dash.org.ru/pages/mn-en.php
http://regato.io/

One phrase comes to mind: "If you don't hold it (in your possession) you don't own it".

lol let's now introduce a 3rd party into the whole discussion of owning a masternode. lol

Throw COUNTER-PARTY RISK into the mix as well.

Great idea!

 

Nobody's forced to do it, it's an option that is available.

Another option is pooling resources with trusted friends or family members, if you don't trust them, you could be in charge of the keys (although perhaps having to trust you could be problematic). You could even sign a binding contact specifying terms with others if you really wanted to. I'm sure a trustless multisig option will be available in the future, or perhaps the devs will come up with some other way of sharing masternodes. There are several options available right now and there will no doubt be more in the future.

Your point is MOOT.

The whole discussion was about ACTUALLY OWNING a masternode. And the BARRIER to entry that DASH presents users of ACTUALLY owning a master node as opposed the non-barrier of owning any size portion of gold you want (gram, mg, etc).

You can hold gold in your possession in a tiny quantity. You can't do that with a MASTERNODE.

The barrier to entry does not apply to precious metals.

The barrier does exist with Masternodes of Dash.


If you purchase a "share" of a masternode from a 3rd party you have the following problems:

1. It is not in your possession.

2. You don't actually control it (no matter how much a 3rd party tells you that you have a say). They can vote/use it how they want.

You are attempting to prove that my statement about Toknormal's broken logic was unjustified because "people can buy into the theatrics of owning a portion of a masternode via a 3rd party centralized service".

You failed miserably to make your point sir.

 

[ljm81new_again]

Yer i can smell the desperation too and its not from dash lol.. now people know the manipulation is mainly coming
from poloniex.com i think their having a tough time keeping control of both markets at poloniex and at trex simultaneously it would seem.

Time to take this market back to trex and add some pressure, attack where the force is weak so to speak