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

[Sub-Ether]

With possible end of year settlements and the xmas/NYE mood subsiding, how do you see for the next leg of bitcoin price movement (in the short term) ?
(way I see it, we're ready for another step down, market  is overvalued, sentiment diminishing, for now)

[toknormal]

With possible end of year settlements and the xmas/NYE mood subsiding, how do you see for the next leg of bitcoin price movement (in the short term) ?
(way I see it, we're ready for another step down, market  is overvalued, sentiment diminishing, for now)

No idea, really. I hoped it would become characterised more by industrial activity outside of the incestuous bitcoin ecosystem such as squabbles over blocksize etc. Kind of makes it look like a hobbyist's pursuit that stuff. Even though I'm a bitcoin fan, I think Dash has been far more professional in its approach both with its governance model and in establishing its technical objectives. It has managed to keep conflicted corporate interests at bay while still finding a successful mechanism to fund development. It has succeeded in getting itself out of the "garden hut" and into world class conventions. It has directly addressed the various potential market sectors in cryptocurrency with its roadmap and consequently not had to compromise core principles of blockchain based digital cash.

Bitcoin's governance, technical priorities and promotion have totally sucked of late. It's disappointed even me. It won't kill it by any means (I don't think at least) but its now sailing on external power - corporate investment, various media hype etc.

As far as the market goes technically, I think it depends a lot on whether the 1-week chart breaks its upward trend or not. It can easily afford this current retrace but if it drops back below about 350 then the rally is probably dead as far as I can see and it will require something major to re-ignite such as the ETF coming online or something.

My 2c's !   

[TanteStefana2]

The art of good war fare ....

I often forget how important the book "The Art of War" is to my son, but when packing to visit his grandparents, there on top, was his book, LOL.  Very appropriate for visiting them too, LOL!

Seriously, that book will never be old, as long as humans are alive! (and it's not just about war, it's about life)

[jabo38]

Prototype Update: Thanks to @salmion for our new design  

Hi Evan,

I was wondering when Evolution would be out and when/where it could be tested?

[TanteStefana2]

Prototype Update: Thanks to @salmion for our new design  

Hi Evan,

I was wondering when Evolution would be out and when/where it could be tested?

I'm not Evan, but I believe the goal is to get something on testnet by the next convention, which I think is January 27???
I'm inferring that from comments made previously.

[toknormal]

I'm not Evan, but I believe the goal is to get something on testnet by the next convention, which I think is January 27???
I'm inferring that from comments made previously.

I think that's a very early demo-level prototype only.

From what I've heard, it will take a year and a half according to current estimates to get some features out but others may appear before then.

See:
https://www.youtube.com/watch?feature=player_detailpage&v=rNZcO2vm7Jc#t=295

(P.S. Of course, I'm not Evan either  )

[TanteStefana2]

I'm not Evan, but I believe the goal is to get something on testnet by the next convention, which I think is January 27???
I'm inferring that from comments made previously.

I think that's a very early demo-level prototype only.

From what I've heard, it will take a year and a half according to current estimates to get some features out but others may appear before then.

See:
https://www.youtube.com/watch?feature=player_detailpage&v=rNZcO2vm7Jc#t=295

(P.S. Of course, I'm not Evan either  )

Yes, thank you.  I was thinking possible testnet

[Minotaur26]

Dash above $2.70 in every exchange but Cryptsy where it is reported at $2.49. Clearly no one wants to take advantage of that arbitrage opportunity and risk getting trapped inside their exchange.   I wonder how long this situation can last?  And more importantly where is the Dash Cryptsy volume coming from if no one is trading there? Any ideas?

[TanteStefana2]

Dash above $2.70 in every exchange but Cryptsy where it is reported at $2.49. Clearly no one wants to take advantage of that arbitrage opportunity and risk getting trapped inside their exchange.   I wonder how long this situation can last?  And more importantly where is the Dash Cryptsy volume coming from if no one is trading there? Any ideas?

faked with stolen coins?

[toknormal]

Dash above $2.70 in every exchange but Cryptsy where it is reported at $2.49. Clearly no one wants to take advantage of that arbitrage opportunity and risk getting trapped inside their exchange.   I wonder how long this situation can last?  And more importantly where is the Dash Cryptsy volume coming from if no one is trading there? Any ideas?

I'm trying to remember what happened on Gox in its dying days - there was massive arbitrage against other exchanges but I can't remember if the Gox price went much lower or higher. It was one or the other.

The number of permutations of scenarios that could cause Minotaur's observation are many I imagine. Either fiat is harder or easier to withdraw than crypto and also if some cryptos are easier than others to get out then that could cause it.

No one can know until the lid comes properly off I imagine. Sure is a slow burner.

[Macrochip]

Top entry on r/cryptocurrency and perfect marketing opportunity right now (~19000 readers).

[dEBRUYNE]

Dash above $2.70 in every exchange but Cryptsy where it is reported at $2.49. Clearly no one wants to take advantage of that arbitrage opportunity and risk getting trapped inside their exchange.   I wonder how long this situation can last?  And more importantly where is the Dash Cryptsy volume coming from if no one is trading there? Any ideas?

I'm trying to remember what happened on Gox in its dying days - there was massive arbitrage against other exchanges but I can't remember if the Gox price went much lower or higher. It was one or the other.

The number of permutations of scenarios that could cause Minotaur's observation are many I imagine. Either fiat is harder or easier to withdraw than crypto and also if some cryptos are easier than others to get out then that could cause it.

No one can know until the lid comes properly off I imagine. Sure is a slow burner.

It went much lower, see -> https://bitcoinwisdom.com/markets/mtgox/btcusd (go back to the weekly chart).

This was in the dying days though. Before (3-6 months before their "death") it was trading higher because it was allegedly easier to get BTC than fiat out.

However, during the dying days, people preferred fiat because they thought it would be easier to get a (legal) claim on (less legal hassle than with BTC, since BTC regulation is still quite ambiguous in most countries, certainly with bankruptcy cases).

[toknormal]

Top entry on r/cryptocurrency and perfect marketing opportunity right now (~19000 readers).

Looks like somebody called Basilpop is already doing a class A job. I couldn't think how to improve on that post.

[110110101]

Full interview The Daily Decrypt with E. Duffield at labitconf released
(sorry for there background noise)

https://youtu.be/rNZcO2vm7Jc

Bumping and thanking for a great post and interview. I just got time to watch it now, a well spent 20 minutes

[Solarminer]

The art of good war fare is understanding the enemy

LoL ! You're too generous. I'm afraid all there is to "understand" in that regard is excellence in the art of mockery. Not too difficult to pick up you'll find 

There is a fine line between knowing your enemy and talking to yourself.....LOL.  I think you passed it, but I still enjoyed it.

Here is a link for you.   
http://www.wikihow.com/Stop-Talking-to-Yourself

[Solarminer]

Amount of funds left after transaction is published to the blockchain = $20 - $20 = $0.

I think the practical reality of bitcoin superstructures is starting to sink in with a few people.

It looked the obvious solution but it's fitting a fiat "outer" to a crypto "inner" and that example is probably just the tip of the iceberg of a square peg in a round hole.

For example, if the users are going to trust the trade to 3rd party superstructure anyway, why not just run the whole thing in an SQL database anyway and make it a lot cheaper ? And conversely, from the payment channel's perspective, if you're going to make it work for a blockchain, why not make it work for the clearing banks as well ? (Oops - somebody already did that   )

Interesting link.  Thanks for posting Evan.

What is even worse with the huge fee of $20 is that it doesn't guaranty that the transaction gets in.  Maybe several transactions with a $21 fee bump you.

I agree with this part of the post.....with just one correction in bold and underlined.

For comparison, Paypal handles around 285 transactions per second (tps), VISA handles around 2000tps and the total global non-cash transactions are around 12,400tps.

Currently bitcoin is capable of handling a maximum of around 3.5 transactions every second which are published to the blockchain roughly every 10 minutes. With Seg Wit implemented via a hardfork, bitcoin will be capable or around 7tps. With this proposal bitcoin will be capable of handling more transactions than Paypal ... in the year 2027. Bitcoin will overtake VISA's transaction capability by the year 2035, of course all these payment methods will be insignificant when compared to Dash in 2027 or 2035.

[Sub-Ether]

Dash above $2.70 in every exchange but Cryptsy where it is reported at $2.49. Clearly no one wants to take advantage of that arbitrage opportunity and risk getting trapped inside their exchange.   I wonder how long this situation can last?  And more importantly where is the Dash Cryptsy volume coming from if no one is trading there? Any ideas?

I took my meager funds out of Cryptsy via doge because it worked and was quick , it cost me 20%.
look at the arbitrage of the other major alt coins compared with any exchange, it is unnatural, this is what everyone is doing to escape hence the skewed price.
http://coinmarketcap.com/currencies/dogecoin/#markets
One thing can guarantee, none of these users will ever return to Cryptsy, this exchange is unrecoverable in my opinion.
Plus they lost the key bitcoin/$ market - its tiny now, and I suspect what little volume there is, is probably fake volume.
(I saw bittrex dash volume overtake cryptsy, so I don't believe this 8k per day figure)

Also because CEX is stopping dash/fiat, Dash volume is growing on livecoin, which has $ and euro markets, plus bittrex has overtaken Cryptsy for purely crypto with a number of alts for extra choice.
Things moves on and they will not go back to how it was, Cryptsy could have been a leader but it has blown it.
This will end a lot of clone coins in the process, as many are only listed on Cryptsy as a major exchange.

[Sub-Ether]

With possible end of year settlements and the xmas/NYE mood subsiding, how do you see for the next leg of bitcoin price movement (in the short term) ?
(way I see it, we're ready for another step down, market  is overvalued, sentiment diminishing, for now)

As far as the market goes technically, I think it depends a lot on whether the 1-week chart breaks its upward trend or not. It can easily afford this current retrace but if it drops back below about 350 then the rally is probably dead as far as I can see and it will require something major to re-ignite such as the ETF coming online or something.
My 2c's !   

Ever wondered why all those trades on huobi are for the same amount ?

[tungfa]

We are working on our DN presence !
Please join Gallaxy2 for more DN Info
http://w363zoq3ylux5rf5.onion/groups/profile/120019/dash-digital-cash-cryptocurrency


we finally got a new community member who knows what he is doing down there  

Edit:
DN = DarkNet
please flip on your VPN + onion to access
https://www.torproject.org
(Safety 1st !)

[toknormal]

Ever wondered why all those trades on huobi are for the same amount ?

No. What are they ? Bots ?