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

[ImI]

Nice pump. Any particular reason?

Dash has solved the governance problem that Bitcoin has already.

could you elaborate? and what's happening on the 18th btw? thanks

the issue with bitcoin is that there is no one who has the authority to decide which way to go. the miners have it in some way but as they are hesitant to decide its all so difficult at the moment. dash has with the masternode-voting system a perfect way of deciding which way to develop, as those that have big stakes in a currency are the ones that should decide.

OK, but I'm not really convinced. Giving large stakeholders voting rights hardly sounds "perfect".

To be clear this pump is because of a birthday celebration? on the 18th? there is no specific news?

"perfect" imo would be to give every stakeholder voting rights depending on his stake. because who has the right to decide what a cryptocurrency should if not those who own it?

[AizenSou]

Yes it's faster than I thought. My coin can't come to exchange so fast

The wall got dumped. Correction is coming ??

[child_harold]

Strangely odd to not be hearing from the XMR clan.

Knowing them Im sure they're appalled at whats happening. LOL

But since it is a birthday party perhaps they're being polite.

[italeffect]

I have to say. This has been a pretty great few days to have shorted XMR and long on DASH.  

[toknormal]

How long will this pump last? Any predictions? I see rises like this usually don't come more often than once a year. Don't want to be a bagholder this time.

You shouldn't just look at price. Liquidity is important as well. Daytrading 5 or 10 BTC is much easier than daytrading 100 BTC.

Take the last "dump" down to 0.006 or thereabouts (it dipped even lower for a while). One of the reasons it snapped back so fast is because the market was'nt very liquid at those low levels. As soon as any significant volume kicked in look - it's straight back to 1+.

Here's one of the reasons that the market is getting progressively less liquid at lower price levels. That represents getting on for eighteen months of sustained capture by what I call Dash's "reserve" market. That's people investing in parts of the coin supply to hold, not to trade, and earn a return on.

The interesting thing about that graph appears when you overlay it onto a graph of the last 18 month's price profile. They are completely different which shows that the reserve market demand is independent of price. (i.e. masternode collateral does not get significantly dumped when the price drops). That doesn't mean than nobody sells their masternodes - they do - it just means that they sell to someone else who invests in the reserve market, the net effect being a continuous network growth (and consequently diminishing liquidity in the currency markets).

If no new liquidity (valued in dollars) is being provided by the coin supply, it can only come from once source - a valuation increase.

So, in summary, yes there may well be a retrace but unless you want to exit the market permanently, the problem is how to get back in with a significant amount. I dont know how much slack there still is in the currency market (see here for what I'm talking about). There may be enough for another retrace to, say 0.007 or there may not be. But if things continue the way they've been going for the last 2 years, the market will get whiplash at some point. There will be zero slack and a fairly hefty upwards revaluation will kick in to get the markets liquid again.

[qwizzie]

Yes it's faster than I thought. My coin can't come to exchange so fast

The wall got dumped. Correction is coming ??

looks like it .. bottom is at 0.01043664 (4.8K buy-order). Lets see where the correction takes us.

[child_harold]

"perfect" imo would be to give every stakeholder voting rights depending on his stake. because who has the right to decide what a cryptocurrency should if not those who own it?

Yes, but what of the miners/pool ops etc and their voting rights?

[arielbit]

DASH whales and pumpers always amazed me. Beautiful. I bet DASH will be worth at least $25 in 2016 and maybe even more. Currently the best cryptocurrency.

LOL...MightSellIt, the irony in your user account name.....might sell it (DASH) during pump.

PUMP came from a dream that DASH will replace bitcoin, DASH pumpers always capitalize on that.


https://youtu.be/cIasr2AiyZ0?t=92

LOL!!

[stealth923]

Someone should buy up the last 12k coins and then let the exchange sit empty, no more left to sell LOL...

Edit 11k coins left!!
\

EDIT 9k left LOL

[ImI]

"perfect" imo would be to give every stakeholder voting rights depending on his stake. because who has the right to decide what a cryptocurrency should if not those who own it?

Yes, but what of the miners/pool ops etc and their voting rights?

pool operators should have no rights, i can set you up a pool in one hour. miners, yes miners indeed brought something to the table, their hardware is expensive and secures the network. nevertheless imo POW has no advantage over POS so basically you could switch completely to POS.

[bluebit25]

Someone should buy up the last 12k coins and then let the exchange sit empty, no more left to sell LOL...

Edit 11k coins left!!
\

EDIT 9k left LOL

keep us updated, tell me when it's 1k left

[Riseman]

But if things continue the way they've been going for the last 2 years, the market will get whiplash at some point. There will be zero slack and a fairly hefty upwards revaluation will kick in to get the markets liquid again.

How is this more probable than a crash in reserve market, i.e. massive selling of masternodes?

[child_harold]

"perfect" imo would be to give every stakeholder voting rights depending on his stake. because who has the right to decide what a cryptocurrency should if not those who own it?

Yes, but what of the miners/pool ops etc and their voting rights?

pool operators should have no rights, i can set you up a pool in one hour. miners, yes miners indeed brought something to the table, their hardware is expensive and secures the network. nevertheless imo POW has no advantage over POS so basically you could switch completely to POS.

To not give the PoW miners voting rights is certainly unorthodox. Whilst PoS could secure the network I seem to remember that MN's rely on the PoW. Perhaps my info is outdated/wrong.

[iCEBREAKER]

How long will this pump last? Any predictions? I see rises like this usually don't come more often than once a year. Don't want to be a bagholder this time.

Pump will last until Otoh and the other Craptsy losers replace their 450,000 stolen Dash,

or

the Russian scammers that run Livecoin pull a Gox and dump,

or

Evolusham turns into an ever-receding mirage, like Masternode blinding.

[qwizzie]

yeah, they are back. Should we give iCEY some cake or not ? He didn't really congratz us on Dash's second birth year so i'm conflicted
about giving him cake and champagne  


child_harold : you can grab some cake and champagne from page 5737

[bluebit25]

yeah, they are back. Should we give iCEY some cake or not ? He didn't really congratz us on Dash's second birth year so i'm conflicted
about giving him cake and champagne 

where is the troll graphic? love that one

[qwizzie]

yeah, they are back. Should we give iCEY some cake or not ? He didn't really congratz us on Dash's second birth year so i'm conflicted
about giving him cake and champagne  

where is the troll graphic? love that one

saving it for a special occassion .. thats not today 

[Fatov]

Dash owner are mn owner, on BTC miners companies are owners, DASH system is strong.

[spatula]

"perfect" imo would be to give every stakeholder voting rights depending on his stake. because who has the right to decide what a cryptocurrency should if not those who own it?

Yes, but what of the miners/pool ops etc and their voting rights?

pool operators should have no rights, i can set you up a pool in one hour. miners, yes miners indeed brought something to the table, their hardware is expensive and secures the network. nevertheless imo POW has no advantage over POS so basically you could switch completely to POS.

To not give the PoW miners voting rights is certainly unorthodox. Whilst PoS could secure the network I seem to remember that MN's rely on the PoW. Perhaps my info is outdated/wrong.

From an economic standpoint, miners get a say in what they mine by choosing to mine it and get rewarded. If those same miners decide they want to hold/buy coins and become investors, then they are welcome to do that as well and get a vote in blockchain governance. That's just my opinion as a miner AND investor.

For the most part, I usually mine things that are profitable in the short term, and invest in things that I really believe in.

[child_harold]

yeah, they are back. Should we give iCEY some cake or not ? He didn't really congratz us on Dash's second birth year so i'm conflicted
about giving him cake and champagne  


child_harold : you can grab some cake and champagne from page 5737

free cake and champagne always appreciated.  cheers.

Did Craptsy really go down with 450k DASH?