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

[PoS]

It is a serious issue if a PoW coin decreases security (hashing is security) over a 6 month time span.

true, its not as bad as Bitcoin Gold
https://bitinfocharts.com/comparison/hashrate-btg.html#6m

or monero for that matter (with  reason)
https://bitinfocharts.com/comparison/monero-hashrate.html#6m

I can not expect a higher price without increasing security first. (excluding pump, dumps)

[qwizzie]

To our new Dash members :

PoS is the account of one of our lesser trolls that show up in our Dash ANN forum from time to time.

Normally PoS trolls Dash with accussations of how Dash is a deliberate scam (see his signature), this new approach
of his looks promising and could be a way of viewing his accountname as something more then Proof of Stupidity.

Unfortunetely in the case of Dash hashrate there is not much to FUD about, it had a huge spike end 2017 due to
new ASIC miners entering the market and has stabilized now and is maintaining a pretty healthy hashrate :



It was a good effort nonetheless, PoS .. i'm looking forward to your next FUD attempt.


  

[bigrcanada1]

...Typical

Well there you have it.. This folks is what you get from Fluffy Cultists...Thanks Icey for proving my point.

 

Edit:   Just got an interesting correspondence on our Icey friend... Makes things alot LOT clearer... Clever.

[toknormal]

paranoid "Angry Drunk" (wife beating?) DashHoles

Isn't that slightly on the hostile side, even for you ? Would have made suitable subject material for a certain celebrated national poet I'm familiar with...



So the recent consolidation from ATH appears not be enough for some people. I thought you'd have enjoyed it. However we're still at 300% the BTC ratio of 18 months ago and 2400% the dollar price, so it's a gnashing of teeth and "back to work" in the troll thread for the old guard it appears.

I'd be patient. T/A says we may go to the last ATH on the ratio (0.027) before the world becomes aware that only one crypto-asset "owns" the entire space of on-chain, service oriented realtime protocol.

Afraid I can't do much for you on the dollar price though - try to find a hot rock to sit on

[tungfa]

Dash 12.3.2 Release !
Please update:
https://www.dash.org/wallets/

Recommended for everyone, mandatory for testnet

Changelog is available at:
https://github.com/dashpay/dash/blob/v0.12.3.2/doc/release-notes.md

MN’s - General Reminder !
you need to start MN from the latest DashCore Wallet (12.3) or DMT (0.9.20) to get MN Started on 12.3.2 + Ver: 70210 !!
(if your MN is on ver: 70208 - u NEED to start again !!!)

[iCEBREAKER]

Hey Dash Nation! How about that FanDuel add, eh? Fantasy sports players and bettors are just another area that can benefit from digital cash. Within 3 hours of launch, 10,000 people signed up for the Crypto Cup. That's 10,000 more people who are about to join Dash Nation. Lord knows how many have signed up now at the time of this post. That's what it's all about adoption. The organizers of this game are fully cognizant of the impending March Madness NCAA Basketball Finals, and the frenzy of betting activity it brings. Props to Scott Farnsworth (TheDashRacer, Dash Aerosports) for swooping in and stealing this event away from Bitcoin.

https://www.fanduel.com/crypto-cup

^That paidshill cheerleading hasn't aged well...

FanDuel founders left empty-handed in parachute deal

The five founders in fantasy games company FanDuel have been left with nothing from the sale of the company while the managers who replaced them are sharing a $30.3 million pay-off.

Documents seen by Daily Business show that the management team brought in by KKR and Shamrock to replace the founders will receive generous golden parachute payments.

The document reveals that the company was sold to the US business of Paddy Power Betfair (PPB) for $465m, but this fell short of the enterprise value of $559m which was owed to preference shareholders. Therefore, no part of the consideration will be payable to FanDuel’s ordinary shareholders.

TSE Holdings, a subsidiary of PPB, now owns 60% of the company, with the remaining stock held by FanDuel stockholders in FD Holdings.

One investor described the legal settlement as “an American stitch up” while another, Kevin Dorren, tweeted: “A transaction valuing FanDuel at $465m is something to celebrate unless you are an employee or early investor!”

FanDuel was founded in Edinburgh in July 2009 and grew rapidly in the US fantasy sports industry with players regularly winning six-figure prizes. But the company became embroiled in costly legal battle with a number of states over the legality of the games. A planned merger with big rival DraftKings collapsed and the business was put up for sale.

The documents seen by Daily Business show that talks with Paddy Power Betfair began in December last year.

FanDuel’s accounts showed it made a loss in its last financial year although Nigel Eccles, one of the founders, told Daily Business in April that it made a profit in the fourth quarter.

It still employs substantial numbers in Edinburgh and Glasgow and it remains unclear what plans the new combined business has for these outstations.:

Read more: https://dailybusinessgroup.co.uk/2018/07/fanduel-founders-left-empty-handed-in-parachute-deal/

I warned you guys Fanduel was an overpriced, shady AF boondoggle, but instead of performing effective due diligence Tao & the rest waved their pom-poms and led cheers.  

Maybe Dash should have spent more on lawyers and less than $300,000/month on fantasy sports boondoggles?  

[tungfa]

Dash 12.3.2 Release !
Please update:
https://www.dash.org/wallets/

Recommended for everyone, mandatory for testnet

Changelog is available at:
https://github.com/dashpay/dash/blob/v0.12.3.2/doc/release-notes.md

MN’s - General Reminder !
you need to start MN from the latest DashCore Wallet (12.3) or DMT (0.9.20) to get MN Started on 12.3.2 + Ver: 70210 !!
(if your MN is on ver: 70208 - u NEED to start again !!!)

MN’s - General Reminder !
you need to start MN from the latest DashCore Wallet (12.3) or DMT (0.9.20) to get MN Started on 12.3.2 + Ver: 70210 !!
(if your MN is on ver: 70208 - u NEED to start again !!!)

If this is you :

you ARE on the wrong version !!
Ver: 70210 is what you are looking for !!
Follow instructions above and all good 

[qwizzie]

Some massive dumping with Bitcoin going on ($6443), will the $6000 hold ?
Stay tuned....

#bearsatplay
#sentimentreversal
#bloodinthestreets?

Meanwhile Dash seems to have found some support in the higher 0.033 range and has bounced back to 0.034
Which means Dash is getting hit by Bitcoin's price decline less then other cryptocurrencies right now.
Lucky timing or smart trading ? I have my thoughts about that...

[tinhtevn]

From the ANN topic, I saw lots of good news, but in the last two days, DASH has fallen dramatically again.

[qwizzie]

From the ANN topic, I saw lots of good news, but in the last two days, DASH has fallen dramatically again.

So has Bitcoin, so have a lot of altcoins. To endure a bear market, one has to be patience.
This bear market does show unfortunetely that no altcoin can currently trade independently from Bitcoin.
Maybe some altcoins can in a few years, but not right now.

[NibiruHybrid]

New Research: Mainstream Cryptocurrency Payments Within Decade

A new research paper released by Imperial College London and eToro predicts that cryptocurrency could become a mainstream payment solution within the next decade, but the paper also outlines the necessary problems that have to be solved first.

The report covers a brief background of cryptocurrencies, Distributed Ledger Technologies (DLT), smart contracts, and also differentiates between cryptocurrencies, cryptocommodities, and cryptotokens. Throughout the report, they list various issues that cryptocurrencies have to overcome, but still have the “conviction that cryptocurrencies will gain global mainstream adoption within the next decade”.  The report theorizes how cryptocurrencies can achieve the traditional three tenants of currency: medium of exchange, unit of account, and store of value. They also discussed an over-aching theme that will be important in widespread adoption.

Read more: https://www.dashforcenews.com/new-research-mainstream-cryptocurrency-payments-within-decade/

[NibiruHybrid]

34 Bytes Payment Processor Adds Dash, Worldwide Merchants Near 1,500

Dash has been added to the 34 Bytes payment processor, adding a list of new merchant options as Dash adoption continues to gain steam.

A cryptocurrency point-of-sale merchant solution, 34 bytes opened operations in 2016. The platform initially supported Bitcoin exclusively, and touted lower fees and higher security for merchants by using cryptocurrency.

Read more: https://www.dashforcenews.com/34-bytes-payment-processor-adds-dash-worldwide-merchants-near-1500/

[iphmpmt]

34 Bytes Payment Processor Adds Dash, Worldwide Merchants Near 1,500

https://www.dashforcenews.com/wp-content/uploads/2018/07/34-bytes-pos-dash.jpg

Dash has been added to the 34 Bytes payment processor, adding a list of new merchant options as Dash adoption continues to gain steam.

A cryptocurrency point-of-sale merchant solution, 34 bytes opened operations in 2016. The platform initially supported Bitcoin exclusively, and touted lower fees and higher security for merchants by using cryptocurrency.

Read more: https://www.dashforcenews.com/34-bytes-payment-processor-adds-dash-worldwide-merchants-near-1500/

Nice achievements.
DASH has been used more widely and expanded considerably to more potential continents, nations, industries, customer populations.

[yonton]

If dash is doing so great, than why is dash/btc back to where it was almost 2 years ago? All those gains wiped out. You can't say that about any other coin in the top 20. Dash is the only coin in the top 20 that has fallen that far.

[tungfa]

If you are any of these Listed Dash MN's - you ARE on the wrong VERSION !!
you need to be on 12.3.2 - Ver: 70210 !!!
The upcoming Sporks will kick you out of payment cycle soon !

Start MN from Updated DashCore Wallet (12.3) or use DMT (0.9.20) !!

[yonton]

Dash/XMR was 4.46 last year today. Now were at Dash/XMR 1.7 What are your thought's?

[qwizzie]

Some of these Monero trolls are getting so desperate for attention that they post just about anything to draw a reaction, its a bit sad really.
All we can really say to them is : thank you for bumping our Dash ANN thread, good to have you on our side !!

Basicly Dash owns the trolls in here as they maintain and strenghten our Dash presence in the Altcoin Announcements section,
where Dash stands at the very lonely top as most viewed and most replied Altcoin Announcements thread for three consecutive years now.



Now lets get you all back to work, my little preciousss trolls. More bumping of our Dash ANN thread awaits you....

I do wonder what it feels like for a troll to be totally owned by a community, what are your thoughts on that my precious little trolls?
Personally i think it must feel gooodd, why else would they keep coming back for more ?  

[tungfa]

What's going on at Dash (11th July)

https://www.dash.org/forum/threads/whats-going-on-at-dash.35432/page-4#post-192327

[afbitcoins]

Dash is now breaking all support, not even a bounce??

chart?

Dash/XMR was 4.46 last year today. Now were at Dash/XMR 1.7 What are your thought's?

Sell XMR, buy Dash

As for me I don't care about XMR, I don't monitor its price or pay it any heed, neither etherium, zcash, cardano, ripple etc.

[afbitcoins]

Dash drops to .035 btc??? Wtf is going on everything else is booming

Maybe its the lightning network slowly closing Dash's window of opportunity.

Once LN is more fully deployed, unless Dash has built up a strong base of users (actual users not speculative hodlers) before then, Dash's main selling point of scalability, fast transactions and low fees becomes largely irrelevant imho. It still could do well by being more user friendly and adding other extra Ethereum like features in a user-friendly way, but it will get harder to break through and that is going to be reflected in the price.

Lightning Network is still light years away from getting fully tested and implemented in a safe way and on a large scale. LN can not guarantee low transaction fees and has difficulty with the routing of its transactions as its nodes will always need to stay online. In the end it will just lead to massive centralization thanks to how the Lightning Network works and most likely end up only handling large transactions from large institutions through preferenced LN hubs for Bitcoin. Not to mention how LN will most likely create new attack vectors by itself as a lot of value will pass through its centralized LN hubs / nodes.

https://www.investopedia.com/tech/bitcoin-lightning-network-problems/
https://cryptovest.com/news/the-lightning-network-poses-serious-weaknesses/

Genuinely not trying to FUD just trying to share my concerns and form my own opinion on the matter through conversation, but how is that so very different from masternodes? Are they not nodes which always have to stay online, create centralization, and centralized points of attack?

I don't see how LN nodes needing to stay online is a problem, since there is an in-built reward mechanism to compensate people for doing this. Centralization may be an issue for it, although I've also seen the argument that because they may require a money transmitter license and open the person running it to being responsible for what other participants are using it for there may be few large companies willing to go through the hassle and risk, leaving smaller players not worth chasing down by authorities to pick up the slack. And if it does become very centralized, its still just an extra service on top of Bitcoin and you can still use the underlying protocol when you want so maybe that's not a critical problem. Also there can be multiple LN networks so if one is un-friendly to regular people somebody will launch a new one surely? And as for points of attack, at least a node cannot steal the money being routed through it, only delay payments, so perhaps hacking is not quite such a massive issue?

With Dash the blockchain is structured into tiers (miners form tier 1, masternodes form tier 2, endusers after Dash Evolution form tier 3). These tiers are all part of the same network. Masternodes are used for processing InstantSend transactions, facilitate coin mixing (PrivateSend) and can be used to vote on budget proposals. Masternodes and its quorums are selected randomly and are collaterized with a 1000 Dash per masternode. To attack the Dash masternode network the costs would be very high and the attack success rate very low due to Dash masternode collaterization and how it randomly selects its masternodes. Dash masternodes (4600 more or less) are spread all over the world and are even setup by users through joint-sharing. The Masternode Network has no problem with a hot & cold wallet setup, where the hot wallet is an empty wallet on the server side and the cold wallet contains the masternode collateral (offline).

Bitcoin Lightning Network is a centralized seperate network that is not part of Bitcoin's blockchain, has a relatively small number of nodes (1000) that can easily be sybil-attacked and most importantly does not form a solution for Bitcoin's scaling problem by itself.
When Bitcoin's ability to relay transactions over its LN gets hampered due to hacks or Ddos attacks or infiltration of its LN nodes, users will not just fall back to Bitcoin with its slow confirmation time and high transaction costs, they will seek other altcoins that are not hampered by such additional centralized network. Cold storage of coins is impossible on the LN, making it susceptable to theft and hacking.

I think its way too premature to currently herald the Lightning Network as a solution to Bitcoin's scaling problem and it is even more
premature to use it as an urgument that it makes certain altcoins obsolete.

I agree Cryptorial's post was not Fudding, nice to see interesting debate on both sides. To add some of my thoughts.

The biggest difference between the two approaches for me is that using Dash instantsend transactions are all confirmed on-chain and secured with proof of work on the blockchain. In LN transactions are offchain until the differences are settled. Conceptually I view LN as like bank accounts, you open up a channel with a hub (like an account at a bank) using funds you lock, (deposit on your bank account). This model 'might' (or might not) work but is taking users away from blockchain security towards a more centralised bankmodel of security. Dash masternodes are actual nodes on the blockchain network.

Additionally, Dash instant  send has been implemented for some time. LN is still much more a work in progress.

And Dash masternodes tier enables much more than just instant payments including enhanced privacy and a treasury with governance.