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

[gusterdd]

Looks like Kanye is dumping his altcoin holdings since Zuckerberg refuses to give him a billion.

ETH: Pumped & dumped
XMR: Pumped & dumped
MAID: Pumped & dumped

You forgot:

DASH: Pumped & dumped

+ nearly all altcoins. All of them have similiar looking charts.

DASH: Pumped & dumped
dumped to a masternode in DASH.
In recent pumping  the masternode number did not decreased !! .

[qwizzie]

volume on Huobi increasing again, driving the Bitcoin price up : https://bitcoinwisdom.com/markets/huobi/btccny
i guess they feel good about the red fire monkey thing  ()  

[dEBRUYNE]

You forgot:

DASH: Pumped & dumped

Read what I just posted  

I was catching up logs. Anyway, that's a sign it attracted more community members / masternode holders. However, that is probably similiar for other altcoins as well. Both Ethereum and Monero saw new faces coming in at reddit/bitcointalk/irc after the "pump". High volume and price increase simply attracts awareness and it applies to most coins.

P.S. Could you make a chart of the relative percentage of masternodes being locked up? That is, the ratio of locked up masternode coins to total supply (over time).

EDIT: Markets simply overshoot (both up and down) due to human behavior. This happens in all markets, stocks, commodities, you name it. Due to the high volatility and illiquidity in cryptocurrencies it is even worse.

[toknormal]

However, that is probably similiar for other altcoins as well. Both Ethereum and Monero saw new faces coming in at reddit/bitcointalk/irc after the "pump".

I don't think it's remotely similar.

There is a thick yellow line there indicating demand for a distinct form of investment that delivers both a predictable return and a level of executive control over day to day aspects of the ecosystem development that is proportional to holdings. That isn't comparable to "new faces" arriving after a pump which is basically just a promotional phenomenon.

P.S. Could you make a chart of the relative percentage of masternodes being locked up? That is, the ratio of locked up masternode coins to total supply (over time).

Thats basically just the yellow line since the ratio is linear.

By the way, coins are never "locked up". They are on the blockchain and can be as freely moved, traded and exchanged as the rest of the supply. The distinction I've made is in the two markets.

[Riseman]

Or maybe someone doesn't want the market to crash too fast while he is exiting. It all depends on the way you put it. Only time can tell.

Take a close look at the network node statistics an in particular the last centimetre (about 2 weeks). It was levelling off and now it's got a new inflexion upwards again - consistent with the nodecount ATH.

...

As far as I see such model ensures that we have a zigzag-like downward movement with occasional revaluations instead of a steady slope when being under constant selling pressure. Did I get it right? Of course, it can be different if that big dumper stops dumping, but we don't know how many coins he has. Maybe he prepares for a bigger BTC rally if there'll be any later this year.

I also took a look at Monero chart (as the closest competitor). They don't have reserve market but the chart looks almost exactly the same. Only the amplitudes of "dumps" and "revaluations" are smaller and their time is few weeks off. How can you explain that?

[toknormal]

They don't have reserve market but the chart looks almost exactly the same. Only the amplitudes of "dumps" and "revaluations" are smaller and their time is few weeks off. How can you explain that?

Riseman, yes on checking that you appear to have a point. Here's the XMR profile overlayed on top (in blue) and it's almost identical.

So dEBRUYNE is right that there is more common background than I've done justice to in my replies to him. That would suggest that there is still plenty slack and that the "currency market" isn't yet significantly restricted enough by the reserve market for it to diverge noticeably in trading and valuation profile from other assets.

As far as I see such model ensures that we have a zigzag-like downward movement

I outlined one theory of how I saw that working here....

FOR A GIVEN SIZE OF CURRENCY MARKET - DOLLAR EQUIVALENT LIQUIDITY REQUIREMENT (Blue side fixed)

[1] - if masternode count decreases (holders want to trade their masternode collateral for another coin and exit Dash)

a) - the gap will open and redundant (Sr) coin supply goes positive
b) - this will go to markets as excess supply and move the price down
c) - masternode revenue goes UP (due to fewer masternodes), masternode price goes DOWN (due to b)
d) - the effect of c is to attract demand from BOTH the currency sector of the existing investor community (the blue band) AND from markets
e) - the redundant supply gap (Sr) is closed, the masternode count stabilises and full coin deployment is restored

[2] - if masternode count increases (demand rises from the fixed income commercial market sector)

a) - the redundant coin supply term (Sr) goes negative
b) - a negative Sr term due to masternode shortfall can only be cleared by moving coins from the blue to the orange sector which can happen in two ways: an existing holder re-deploys their holdings as masternode collateral OR a new holder does by way of the coins passing through markets first and changing hands
c) - the price rises to maintain the liquidity requirement for the currency market (blue zone)
d) - the negative redundant coin supply term (Sr) is eliminated and full coin deployment is restored

FOR A GIVEN MASTERNODE COUNT (Orange side fixed)

[3] - if the size of the currency market decreases

a) - the gap will open and redundant (Sr) coin supply goes positive
b) - price will fall to close the gap
c) - the redundant supply gap (Sr) is closed, the masternode count stabilises and full coin deployment is restored

[4] - if the size of the currency market increases

a) - the redundant coin supply term (Sr) goes negative since there is a liquidity shortfall
b) - by definition, demand has exceeded supply on markets so price rises to meet the liquidity requirement for the currency market (blue zone)
d) - the negative redundant coin supply term (Sr) is eliminated and full coin deployment is restored

[Solarminer]

Now take a look at this:



Lets examine what's going on here for a moment. The one consistent trend that's been almost uninterrupted for the last 2 years is a growth in the reserve market. i.e. the number of positions which investors have purchased to gain a return on their earnings (or to enjoy the benefits of holding a masternode position with voting rights etc - whatever).

Toknormal,
Could you make that same chart but with a US$/Dash chart instead of the BTC/Dash price?

This chart doesn't account for the fluctuations in US$/bitcoin.  I think you will see this line up much better with a US$/Dash chart.

[toknormal]

This chart doesn't account for the fluctuations in US$/bitcoin.  I think you will see this line up much better with a US$/Dash chart.

By the way although the overlay is to scale, the month ruler at the bottom is offset on that chart. Cryptowatch has a long and short range dateline and I copied the outer one by mistake.

[ddink7]

They don't have reserve market but the chart looks almost exactly the same. Only the amplitudes of "dumps" and "revaluations" are smaller and their time is few weeks off. How can you explain that?

Riseman, yes on checking that you appear to have a point. Here's the XMR profile overlayed on top (in blue) and it's almost identical.

So dEBRUYNE is right that there is more common background than I've done justice to in my replies to him. So that would suggest that there is still plenty slack and that the "currency market" isn't yet significantly restricted enough by the reserve market for it to diverge noticeably in trading and valuation profile from the rest of the market.

As far as I see such model ensures that we have a zigzag-like downward movement

I outlined one theory of how I saw that working here....

FOR A GIVEN SIZE OF CURRENCY MARKET - DOLLAR EQUIVALENT LIQUIDITY REQUIREMENT (Blue side fixed)

[1] - if masternode count decreases (holders want to trade their masternode collateral for another coin and exit Dash)

a) - the gap will open and redundant (Sr) coin supply goes positive
b) - this will go to markets as excess supply and move the price down
c) - masternode revenue goes UP (due to fewer masternodes), masternode price goes DOWN (due to b)
d) - the effect of c is to attract demand from BOTH the currency sector of the existing investor community (the blue band) AND from markets
e) - the redundant supply gap (Sr) is closed, the masternode count stabilises and full coin deployment is restored

[2] - if masternode count increases (demand rises from the fixed income commercial market sector)

a) - the redundant coin supply term (Sr) goes negative
b) - a negative Sr term due to masternode shortfall can only be cleared by moving coins from the blue to the orange sector which can happen in two ways: an existing holder re-deploys their holdings as masternode collateral OR a new holder does by way of the coins passing through markets first and changing hands
c) - the price rises to maintain the liquidity requirement for the currency market (blue zone)
d) - the negative redundant coin supply term (Sr) is eliminated and full coin deployment is restored

FOR A GIVEN MASTERNODE COUNT (Orange side fixed)

[3] - if the size of the currency market decreases

a) - the gap will open and redundant (Sr) coin supply goes positive
b) - price will fall to close the gap
c) - the redundant supply gap (Sr) is closed, the masternode count stabilises and full coin deployment is restored

[4] - if the size of the currency market increases

a) - the redundant coin supply term (Sr) goes negative since there is a liquidity shortfall
b) - by definition, demand has exceeded supply on markets so price rises to meet the liquidity requirement for the currency market (blue zone)
d) - the negative redundant coin supply term (Sr) is eliminated and full coin deployment is restored

Bitcoin's chart since July 13 looks remarkably similar (according to https://coinmarketcap.com/currencies/bitcoin/)...stable, sharp rise to ATH, decline to trough, rise to maybe 2/3 ATH, long decline, stable, smallish rise to about 1/2 ATH, slight decline.

The Dash trough after ATH is longer and deeper, but otherwise it looks similar.

[Solarminer]

I guess I will have to jump in and give this a try to show the Masternode Count vs $/Dash Price.  Not too good at chart stuff.   But I do see a correlation between the highs and masternode count drops.  Looks like it lags a little.  Or maybe the correlation is the fall in masternodes that causes the price dip.

[Riseman]

Here's a quick chart for masternode percentage from total coin supply. It's pretty rough and doesn't show all the dips. The red dots are accurate though.

[bigrcanada1]

Here's a quick chart for masternode percentage from total coin supply. It's pretty rough and doesn't show all the dips. The red dots are accurate though.

Hi Riseman...is each of the side red dots 10% increments?   

[Taylor05]

I guess I will have to jump in and give this a try to show the Masternode Count vs $/Dash Price.  Not too good at chart stuff.   But I do see a correlation between the highs and masternode count drops.  Looks like it lags a little.  Or maybe the correlation is the fall in masternodes that causes the price dip.

Those two big drops aren't real movements in the number of masternodes. Both were due to major upgrades, some of which had unstable versions that kept dropping off the network. So the number of coins in locked addresses for masternode collateral never really dropped on those two occasions, it's just that the associated masternodes were dropping off the network, reducing the count.

A more likely explanation for the correlation you see is that there was a run-up in price as the market anticipated the new releases. Then the markets faced selling pressure when the releases had stability issues. These are classic examples of "buy on the rumor, sell on the news" cycles.

[bigrcanada1]

I guess I will have to jump in and give this a try to show the Masternode Count vs $/Dash Price.  Not too good at chart stuff.   But I do see a correlation between the highs and masternode count drops.  Looks like it lags a little.  Or maybe the correlation is the fall in masternodes that causes the price dip.

In the past when, for whatever reason, I've needed to remove a couple of Masternodes, I would take them down...then slowly bleed out the coins as to not effect the pricing to much.  So it makes since that there is a lag time.  In my case it could take several days to couple of weeks.

[Riseman]

Here's a quick chart for masternode percentage from total coin supply. It's pretty rough and doesn't show all the dips. The red dots are accurate though.

Hi Riseman...is each of the side red dots 10% increments?   

Right.

[tungfa]

Unchained: Altcoins as Free Market Bitcoin Sidechains
 
https://medium.com/@EricRSammons/unchained-altcoins-as-free-market-bitcoin-sidechains-3432d9d88ed6#.scjs8gssm

[tungfa]

Dash Parody Old vs New Money Super Bowl Ad

https://youtu.be/bU4NdffpJSE

[command-line-options]

I got 3 master nodes and I need to withdraw the funds urgently, these are hosted by a third party and it is night time where they are. I spent some time looking how to do this, only one mention on dashtalk from 2014 says 'masternode stop' which I tried and does nothing. Very surprised the funds are locked, when originally setting it up I was told to be careful not to withdraw more than the master node account otherwise it will no longer work. Now I find it is locked, when I try to withdraw it says insufficient funds.

How do I unlock it or stop the nodes remotely??

[oblox]

I got 3 master nodes and I need to withdraw the funds urgently, these are hosted by a third party and it is night time where they are. I spent some time looking how to do this, only one mention on dashtalk from 2014 says 'masternode stop' which I tried and does nothing. Very surprised the funds are locked, when originally setting it up I was told to be careful not to withdraw more than the master node account otherwise it will no longer work. Now I find it is locked, when I try to withdraw it says insufficient funds.

How do I unlock it or stop the nodes remotely??

If you hold the private keys, coin control and unlock the 1000 vins for sending.

[command-line-options]

I got 3 master nodes and I need to withdraw the funds urgently, these are hosted by a third party and it is night time where they are. I spent some time looking how to do this, only one mention on dashtalk from 2014 says 'masternode stop' which I tried and does nothing. Very surprised the funds are locked, when originally setting it up I was told to be careful not to withdraw more than the master node account otherwise it will no longer work. Now I find it is locked, when I try to withdraw it says insufficient funds.

How do I unlock it or stop the nodes remotely??

If you hold the private keys, coin control and unlock the 1000 vins for sending.

What ?

I got my wallet is all, I can remote start the the things and so far all coins come to my wallet that it generates. I have zero access or anything related to the hosts that are running them.

How do I stop or disbind or disengage the masternodes so I can with draw some of my funds from my wallet?