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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9243242 times)
toknormal
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January 13, 2017, 09:07:02 AM


More than 4k masternodes, what is the concept? How much does a masternode mine per block? Per day? Thanks

DimiZb "the concept" is prioritise monetary properties over everything else.

Remember the 1950s ? Lets say back then you could have chosen between:

 • a technology stock (such as typewriters)
 • a monetary stock (such as gold)

At the time your holding of each may have been the same. But over several years, one of them gains value and the other tanks value (due to advancing technology). Thats also why bitcoin has prevailed despite being superseded technologically by almost every alt-coin that came after it - because it was its monetary properties that mattered, not the technological ones.

Where do masternodes fit into this ?

They implement a 2-tier ("split") network protocol that allows Dash's monetary properties to be decoupled from whatever other technological priorities the designers have so that they can be given priority and optimised with the result that they support the following:

 • a fully transparent base monetary token like bitcoin's (an essential property of any anonymous asset that aspires to the status of an unbacked "bearer instrument")

 • transparent fungibility that's based on homogenising the blockchain rather than obscuring it, thereby implementing effectively unbreakable anonymity without recourse to torpedoing blockchain transparency

 • a base value for the token (like a base rate of interest) by paying a return on reserves directly from the blockchain

 • supreme mobility which will be supported by a masternode consensus based "API" allowing a quantum leap in ease of use and accessibility

 • a cash-grade transaction speed that effectively supports realtime transfers on the native blockchain as with a genuine cash transaction

Regarding the level of interest paid by by the masternode network for reserve holdings, you can see that here. Note that this also sets a base rate for private lending in commercial markets (because they have to compete with the native network rate of interest) - another monetary priority that the masternode network supports.

So, when you hear people saying "we've got the best tech" it's instructive to bear in mind that that isn't what matters. What matters is having the "best monetary properties" and the "appropriate tech" to support them !  Smiley



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qwizzie
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January 13, 2017, 09:16:48 AM

More than 4k masternodes, what is the concept? How much does a masternode mine per block? Per day? Thanks

Dash blockreward is as follows :

45% goes to miners
45% goes to masternodes
10% goes to Dash Decentralized budget

In order to run a Dash masternode you need to have accumulated 1000 Dash, which can be kept in a personal cold wallet somewhere
offline. That 1000 Dash serves as collateral to the network, which the Dash network can verify to determine if it is still intact.
Not only will the masternode get paid 45% of the blockreward for providing services to the network (services like Privatesend, Instantsend and its Decentralized Governance
and Budget system), it will also have a vote in Dash budget system.

link : https://dashpay.atlassian.net/wiki/display/DOC/Masternode+vs.+Mining
    
If you dont have 1000 Dash you can look for sharing that 1000 Dash with other people, so you can still accumulate some interest.
These are trusted solutions, meaning you have to rely on a third party

link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

An untrusted solution (a decentralized solution with no third party in between) is in the planning for Dash Evolution, is called Masternode Shares and it will take time (estimate a year)

link : https://www.youtube.com/watch?v=N7T-a2xm5c0&index=9&t=263s&list=PLiFMZOlhgsYJPIiG0bjT1_SuT5h7NqPCC  

Here are the details of ROI that you can exspect from running 1 masternode :



link : https://dash-news.de/dashtv/#value=1000
(multiply the value if you want to calculate it for more masternodes)

Currently a masternode owner can exspect an annual interest of 9.34%
The costs for masternode owners will be the renting of their VPS server (in most cases that is about $5 per month) and they will need to keep their masternode always up to date and active.

Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now
spatula
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January 13, 2017, 02:52:36 PM

Anyone here use xBTCe? Is the platform just for margin trading? Do they have a margin funding/lending system like polo, and if so, what are the rates?

Lots of volume over there so I am curious to know what's going on  Grin
megges
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January 13, 2017, 04:21:37 PM

Anyone here use xBTCe? Is the platform just for margin trading? Do they have a margin funding/lending system like polo, and if so, what are the rates?

Lots of volume over there so I am curious to know what's going on  Grin

I personally didn't tried them, but they are in relationship with btc-e, i guess its about the same concept and they use mt4 with margin, but hey i really don't know thats only what i thought about them after reading the post on btc-e about xbtce.

Btw i just looked at the btc-e dash orderbook and im realy suprised, there are 150 btc in buy orders almost the same as eth Smiley not long ago it was just a fraction of that!

tip me! Tongue XtSrWch1U3BsTBFBHj7acTTzxFo1fy5BMa
Icebucket
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January 13, 2017, 05:30:09 PM

$8,382,700 trade in 24 hr must be some record   Grin
With 51K on market. Im Guessing that the bottom has been reached in this correction.
Fly fly birdy  Kiss

“Every morning we are born again. What we do today is what matters most.”
― Gautama Buddha
Icebucket
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January 13, 2017, 05:53:10 PM

I have a prediction, Dash price will reach 0.03 Btc before May 2017 ..
My tea leafs told me  Roll Eyes
Cup and handle.. thats all folks Wink

“Every morning we are born again. What we do today is what matters most.”
― Gautama Buddha
snogcel
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January 13, 2017, 09:12:52 PM

https://www.dash.org/forum/threads/testnet-release-dash-payment-processor-woocommerce.12723/ :-)

XuvjV4aazgZhcfAj1KRgFnTok1pZZw6Ewu
tungfa
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January 14, 2017, 01:57:01 AM

DASH Merchandise Available through
http://zazzle.com/dashswag
(5% of purchase is donated to DASH Foundation.)
 Grin

Support the Arts .....>
Xt7M4JaZviECtRTLMkT9dCf8u4A6Xzmh6Q
DimiZb
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January 14, 2017, 02:02:44 AM

More than 4k masternodes, what is the concept? How much does a masternode mine per block? Per day? Thanks

Dash blockreward is as follows :

45% goes to miners
45% goes to masternodes
10% goes to Dash Decentralized budget

In order to run a Dash masternode you need to have accumulated 1000 Dash, which can be kept in a personal cold wallet somewhere
offline. That 1000 Dash serves as collateral to the network, which the Dash network can verify to determine if it is still intact.
Not only will the masternode get paid 45% of the blockreward for providing services to the network (services like Privatesend, Instantsend and its Decentralized Governance
and Budget system), it will also have a vote in Dash budget system.

link : https://dashpay.atlassian.net/wiki/display/DOC/Masternode+vs.+Mining
    
If you dont have 1000 Dash you can look for sharing that 1000 Dash with other people, so you can still accumulate some interest.
These are trusted solutions, meaning you have to rely on a third party

link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

An untrusted solution (a decentralized solution with no third party in between) is in the planning for Dash Evolution, is called Masternode Shares and it will take time (estimate a year)

link : https://www.youtube.com/watch?v=N7T-a2xm5c0&index=9&t=263s&list=PLiFMZOlhgsYJPIiG0bjT1_SuT5h7NqPCC  

Here are the details of ROI that you can exspect from running 1 masternode :



link : https://dash-news.de/dashtv/#value=1000
(multiply the value if you want to calculate it for more masternodes)

Currently a masternode owner can exspect an annual interest of 9.34%
The costs for masternode owners will be the renting of their VPS server (in most cases that is about $5 per month) and they will need to keep their masternode always up to date and active.

Awesome, it is similar to PoS minting, but it is PoW. Great concept Dash has. It means more than 4500 people have 1k Dash, Dash has more than 10k member community? Really huge.
Walter_S
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January 14, 2017, 02:28:18 AM

Indeed... It's amazing what a collective of humans can achieve with the right incentive structure  Wink

Walter
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January 14, 2017, 08:00:38 AM

Awesome, it is similar to PoS minting, but it is PoW. Great concept Dash has. It means more than 4500 people have 1k Dash, Dash has more than 10k member community? Really huge.

That is not really true - 1 person can have multiple masternodes, or multiple people can own 1 masternode using a shared masternode service. I'd think there are less people owning masternodes than the current amount of masternodes.
kointrend
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January 14, 2017, 10:57:49 AM

I have a prediction, Dash price will reach 0.03 Btc before May 2017 ..
My tea leafs told me  Roll Eyes
Cup and handle.. thats all folks Wink

0.03 BTC, may be in summer 2017?
But i'am fine with May, also.


If and when a kind of resistance like this (around 0.027 and touched three times in three years) is broken, doesn't that means we could see a x5 or x10 mad factor in price action?
In terms of eventual market cap, it wouldn't appear so crazy at all.

XmnjUmqkS56giU7wJtoYhFKr9HYSC4b46o just a Dash signature.
kointrend
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January 14, 2017, 11:01:10 AM



This could be the propeller!

XmnjUmqkS56giU7wJtoYhFKr9HYSC4b46o just a Dash signature.
toknormal
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January 14, 2017, 01:08:55 PM


If and when a kind of resistance like this (around 0.027 and touched three times in three years) is broken, doesn't that means we could see a...

I think we may see that when it starts to dawn on people (as it already is) that finding these essential monetary properties co-incident in the one asset, decoupled from each other is extremely rare* and difficult to acheive:

 • a fully transparent blockchain
 • a highly fungible and therefore anonymous token
 • a network-native base rate of interest on holdings
 • a transaction speed that qualifies as cash according to emerging institutional definitions
 • a level of native mobility and accessibility (=liquidity) that is hitherto undreamt of in the cryptocurrency sector
 • a scaling strategy that's native to the network
 

 * (For example it's taken 2 years of organic growth alone just to grow the active network tier to where it is today, quite apart from all the development work that's going on).
kointrend
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January 14, 2017, 03:02:26 PM


If and when a kind of resistance like this (around 0.027 and touched three times in three years) is broken, doesn't that means we could see a...

I think we may see that when it starts to dawn on people (as it already is) that finding these essential monetary properties co-incident the one asset, decoupled from each other is extremely rare* and difficult to acheive:

 • a fully transparent blockchain
 • a highly fungible and therefore anonymous token
 • a network-native base rate of interest on holdings
 • a transaction speed that qualifies as cash according to emerging institutional definitions
 • a level of native mobility and accessibility (=liquidity) that is hitherto undreamt of in the cryptocurrency sector
 • a scaling strategy that's native to the network
 

 * (For example it's taken 2 years of organic growth alone just to grow the active network tier to where it is today, quite apart from all the development work that's going on).

Come on people, came on, keep letting Dash to dawn on you!   Cheesy

XmnjUmqkS56giU7wJtoYhFKr9HYSC4b46o just a Dash signature.
OneDayCreativeTrips
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January 15, 2017, 01:04:45 AM


Come on people, came on, keep letting Dash to dawn on you!   Cheesy


Well, far beyond that, if you wish to open your mind to truths which justify the aristocratic values which align with Dash more than with other politically inspired cryptocurrencies (consciously or unconsciously) you should listen to this talk by Jonathan Bowden, and no, I do not believe in pandering to the lowest common denominator, and nor should you:

https://www.youtube.com/watch?v=4YqKf3v2aPs





OneDayCreativeTrips
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January 15, 2017, 01:48:10 AM


Come on people, came on, keep letting Dash to dawn on you!   Cheesy


Well, far beyond that, if you wish to open your mind to truths which justify the aristocratic values which align with Dash more than with other politically inspired cryptocurrencies (consciously or unconsciously) you should listen to this talk by Jonathan Bowden, and no, I do not believe in pandering to the lowest common denominator, and nor should you:

https://www.youtube.com/watch?v=4YqKf3v2aPs


Libertarian?  Oh yes, I understand:

https://www.youtube.com/watch?v=EO68Kvb9fD4






kointrend
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January 15, 2017, 10:54:22 AM


Come on people, came on, keep letting Dash to dawn on you!   Cheesy


Well, far beyond that, if you wish to open your mind to truths which justify the aristocratic values which align with Dash more than with other politically inspired cryptocurrencies (consciously or unconsciously) you should listen to this talk by Jonathan Bowden, and no, I do not believe in pandering to the lowest common denominator, and nor should you:

https://www.youtube.com/watch?v=4YqKf3v2aPs


Libertarian?  Oh yes, I understand:

https://www.youtube.com/watch?v=EO68Kvb9fD4



Which cryptocurrency would be safe from the god's rage?

XmnjUmqkS56giU7wJtoYhFKr9HYSC4b46o just a Dash signature.
OneDayCreativeTrips
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January 15, 2017, 02:43:19 PM


Come on people, came on, keep letting Dash to dawn on you!   Cheesy


Well, far beyond that, if you wish to open your mind to truths which justify the aristocratic values which align with Dash more than with other politically inspired cryptocurrencies (consciously or unconsciously) you should listen to this talk by Jonathan Bowden, and no, I do not believe in pandering to the lowest common denominator, and nor should you:

https://www.youtube.com/watch?v=4YqKf3v2aPs


Libertarian?  Oh yes, I understand:

https://www.youtube.com/watch?v=EO68Kvb9fD4



Which cryptocurrency would be safe from the god's rage?

The one that lasts forever?
BrainShutdown
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January 15, 2017, 03:56:19 PM


Come on people, came on, keep letting Dash to dawn on you!   Cheesy


Well, far beyond that, if you wish to open your mind to truths which justify the aristocratic values which align with Dash more than with other politically inspired cryptocurrencies (consciously or unconsciously) you should listen to this talk by Jonathan Bowden, and no, I do not believe in pandering to the lowest common denominator, and nor should you:

https://www.youtube.com/watch?v=4YqKf3v2aPs


Libertarian?  Oh yes, I understand:

https://www.youtube.com/watch?v=EO68Kvb9fD4



Which cryptocurrency would be safe from the god's rage?

The one that lasts forever?

it must be http://www.infinitecoin.com/

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