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

[aleix]

The trolleros behavior is quite a mystery, they come and go in a herd.

I'm sure someone is pissed about hype failure of v9 and released the dogs. 

[Lukas_Jackson]

1000 buy wall at bitfinex. Someone is trying to make himself a masternode with btc  

Happy new year  

edit:

[arielbit]

Evan does not own 500+ nodes. Otoh our largest investor currently owns about 430 nodes as he divested a big portion of his nodes in favor of more distribution and a healthier network, also giving new whales the opportunity to buy in.  Having said that, I don't see why the minimum age for a proposal could not be changed to 48 or 72 hours to always give the network more time. I think that is a really good suggestion.

How would you know?

I ran the numbers 6 months ago, but I estimated Evan should have mined 750,000+ in the first 24-48 hours with the hashrate he himself claimed to have at the time... that's 750MNs already... (not that he necessarily has them online right now)

Then they start collecting 50% of the mining share as masternodes, he should have 1000+ by now...

Yeah, your numbers are off and Minotaur is correct. I do not hold as many coins as Otoh. The system is designed in such a way that the founders eventually lose complete control of the voting system. It's on purpose, we are the ones that have the best idea of what needs to be done currently, but over the next few years our voting power will become less and less.

Look at the emission schedule here:
https://docs.google.com/spreadsheets/d/1RpLd87PTs65sz8USrrXwGRoVGVbzaC-nunErEtGSJoE/edit#gid=0

55% of the coins are going to people other than the masternodes (miners and budgets), that means a good portion of those will actually be turned into fresh masternodes. Over a long period of time this will dilute our power in the system.

In 2020 we will have nearly 10 million coins and probably about 7000 masternodes (Just a guess based on current trends).
In 2025 we will have nearly 12 million coins and probably about 9000 masternodes.

You should be able to see where I'm going. Those with a many masternodes can't even keep control of this if they are dedicating a good deal of earned coins back into the system. Year by year, our network will become increasingly more decentralized. I think it's a good strategy.

You also have to consider running masternodes isn't free. Operators must pay for hosting or someone to administer their nodes. Those coins are also reentering the supply and some of them will be turned into a new masternode, ran by someone else. Every part of this process further decentralizes the system over time.

--skipping the instamine dialogue--

and why reduce the maximum coin supply from 84 million to 18 million and block rewards too.

[TanteStefana2]

Evan does not own 500+ nodes. Otoh our largest investor currently owns about 430 nodes as he divested a big portion of his nodes in favor of more distribution and a healthier network, also giving new whales the opportunity to buy in.  Having said that, I don't see why the minimum age for a proposal could not be changed to 48 or 72 hours to always give the network more time. I think that is a really good suggestion.

How would you know?

I ran the numbers 6 months ago, but I estimated Evan should have mined 750,000+ in the first 24-48 hours with the hashrate he himself claimed to have at the time... that's 750MNs already... (not that he necessarily has them online right now)

Then they start collecting 50% of the mining share as masternodes, he should have 1000+ by now...

Where did he state his hash rate?  Why was he buying up 20,000 coins at a time in those early days if he already got 40% of all the coins created?  And so many people knew how to rent amazon servers to mine via cpu.  There were so many people that knew and were doing it.  I think you are way off.  The highest estimate I could come up with was that Evan has 200,000 coins, including the ones he bought, minus what he spent on awards and other things.  I think also, that he is more than worth the price.

[toknormal]

1000 buy wall at bitfinex. Someone is trying to make himself a masternode with btc  

Show starting again in an hour or two without the safety net.

If there's another dumpfest in the "grown up's" markets tonight then it might boot BTC to near or past it's November high.

There's already some chunky volume getting thrown around on Huobulus Maximus which appears to be attracting Marco Polo types from all parts.

[MasterMined710]

after almost 2 years we/monero still have not released an official GUI wallet.

well maybe if you would dev and stop trolling you could put together an official GUI instead of pushing shady 3rd party crap and centralized web wallets.
what's the ETA for the official GUI wallet? Q2? Q3?

----------------------------------------------------------

how are those soda votes looking and what is the deadline for voting?

[TanteStefana2]

I didn't mean to change the topic, or call anyone out here, but the facts are the facts and I'm not going to hide them... The launch was bad, 1.85mil was mined in just the first 24 hours.  Only a linux version was compiled, so very few people got a large chunk of this 1.85mil (1850 MNs)...

It is what it is...

Also, anyone who mines, mines on linux.  Only newbs like myself wouldn't know how.  I figured it out by the 3rd day.  I was researching before that, trying to learn from scratch.  I don't think I "lost out"  I learned something new, and it was a great experience.  I didn't know about mining with Amazon until 2 or so months in.  Just before gpus came out.  I was ignorant, I learned.  If others can't be bothered, it equates to giving away your knowledge, which is your only advantage, and thus socialism, which I personally am against. 

Now when I see people complaining about "no windows miners" I just laugh. 

[TanteStefana2]

Evan does not own 500+ nodes. Otoh our largest investor currently owns about 430 nodes as he divested a big portion of his nodes in favor of more distribution and a healthier network, also giving new whales the opportunity to buy in.  Having said that, I don't see why the minimum age for a proposal could not be changed to 48 or 72 hours to always give the network more time. I think that is a really good suggestion.

How would you know?

I ran the numbers 6 months ago, but I estimated Evan should have mined 750,000+ in the first 24-48 hours with the hashrate he himself claimed to have at the time... that's 750MNs already... (not that he necessarily has them online right now)

Then they start collecting 50% of the mining share as masternodes, he should have 1000+ by now...

Yeah, your numbers are off and Minotaur is correct. I do not hold as many coins as Otoh. The system is designed in such a way that the founders eventually lose complete control of the voting system. It's on purpose, we are the ones that have the best idea of what needs to be done currently, but over the next few years our voting power will become less and less.

Look at the emission schedule here:
https://docs.google.com/spreadsheets/d/1RpLd87PTs65sz8USrrXwGRoVGVbzaC-nunErEtGSJoE/edit#gid=0

55% of the coins are going to people other than the masternodes (miners and budgets), that means a good portion of those will actually be turned into fresh masternodes. Over a long period of time this will dilute our power in the system.

In 2020 we will have nearly 10 million coins and probably about 7000 masternodes (Just a guess based on current trends).
In 2025 we will have nearly 12 million coins and probably about 9000 masternodes.

You should be able to see where I'm going. Those with a many masternodes can't even keep control of this if they are dedicating a good deal of earned coins back into the system. Year by year, our network will become increasingly more decentralized. I think it's a good strategy.

You also have to consider running masternodes isn't free. Operators must pay for hosting or someone to administer their nodes. Those coins are also reentering the supply and some of them will be turned into a new masternode, ran by someone else. Every part of this process further decentralizes the system over time.

Also, for someone like you, you've dedicated full time to this project, so you're either living off of your saved fiat, or selling your Dash to live.  Both ways put pressure on you to sell Dash - one way, or one day or another, and thus, decreases your potential to accumulate.

Same goes for otoh, As far as I can tell, he's living off his wealth, created from Crypto.  Which means, he has to play the market successfully, or not lose too much, and is living off his crypto holdings as well.

[Lukas_Jackson]

without the safety net.

I can't understand how they can even try to stop something from happening on the market. It will happen eventually.
Stupid people do stupid things.

[TanteStefana2]

I'm not really part of your community, I'm just here to stir up shit.

Thanks for bumping the thread anyway.

Like it or not, I am part of the community...

I'm that asshole who gives you a reality check when you cant see the forest for the trees...


If I were going to try to get rich with my own altcoin, I would do exactly like Dash...

1) Instamine the hell out of the launch (easy to say it was an accident)
2) Coin mixing to make it impossible to track my coin movements
3) Set up MNs to take 50% of the mining share (since I now have a ton of MNs)
4) Set up voting based on MNs to take another 10% (since I continue to have a ton of MNs)
5) Work hard and write a lot of code
6) Change name to Dash

I like Dash, because it looks just like a psuedo-scam I would run myself....

Seriously melech? I thought you were real, and honestly worried.  Good bye.

[toknormal]

Now when I see people complaining about "no windows miners" I just laugh. 

Well thanks to multi-incarnate, dimensional identity projection, now you can dance as well  

(Although it's not immediately apparent, that is actually the electric overflow from an Icelandic Bitcoin mine).

[smooth]

The system is designed in such a way that the founders eventually lose complete control of the voting system. It's on purpose, we are the ones that have the best idea of what needs to be done currently, but over the next few years our voting power will become less and less.

In other words, prior to that eventuality, the founders have complete control over the voting system. Thank you for clarifying that.

[Lukas_Jackson]

No problem. Now you can rest in piss  

[TanteStefana2]

Now when I see people complaining about "no windows miners" I just laugh. 

Well thanks to multi-incarnate, dimensional identity projection, now you can dance as well  

(Although it's not immediately apparent, that is actually the electric overflow from an Icelandic Bitcoin mine).

I'm so hungry, and was going to get something to eat, but now I'm rocking and can't leave my seat!

[tungfa]

Electrum-Dash with Trezor support released!
https://www.dash.org/news/electrum-dash-with-trezor-support-released/

[toknormal]

I'm so hungry, and was going to get something to eat, but now I'm rocking and can't leave my seat!

And you're now Poet Laureate of the Dash thread.

[AzzAz]

Tok have you any comment on . BTC=462+ right now, and Stocks down last 24 hrs?

[tungfa]

Tok have you any comment on . BTC=462+ right now, and Stocks down last 24 hrs?

1 word
china
 

[emitkirby]

I feel like you are unstable.

[AzzAz]

Tok have you any comment on . BTC=462+ right now, and Stocks down last 24 hrs?

1 word
china
 

Yeah, but it looks to me that crypto getting popularity fastest this way. And unclear is is China buying all that BTC or west, because it rose at time that China sleeps?