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

[JollyGood]

If there is an individual or a group that advocates a modification or hard-fork of any sort it stands to reason they should be bold and brave enough to do it themselves rather than have wishful thinking that development teams would do it for them because they have an inkling their way forward is the best way forward.

I am not sure what toknormal intends to do next but in all probability it seems he will not create a new chain himself with his personal hard fork and it seems the Dash developers or Core Group will give it a miss too - so what will happen next?

So we finally arrive at the hard fork part, it sure took toknormal long enough. Only instead of doing the hard fork himself, toknormal wants Dash Core Group to do the hard fork for him.
A hard fork to demonstrate that his theory works and gets most valued by the market. That is just lazy and unrealistic thinking. Dash Core Group does not value his theory, so they will most
certainly not going to put any time or energy into supporting it.

Dash does not do hard forks like that, because our governance system allows us to move forward without a need for hard forks. It has done that in the past and it will continue doing that.
If toknormal wants to hard fork, he will need to do it himself and be cut from this project forever. Without any support from Dash Core Group.

From projecting ultimate disaster for Dash, to now showing a strong willingness to hard fork Dash, toknormal sure is showing his true colors.
I can't believe certain people would fall for these rather obvious scare and divide tactics, but perhaps i don't know certain people as well as i thought i did.

[toknormal]

Only those that have a true belief and a longterm strategy in this project will remain

This cult talk, not investment talk. Blind allegiance in place of critical appraisal. We're 6 years in. What's you're idea of "long term" ? Decades ?

DCG nor the vast majority of MNOs will not help "Fork it" for you.  I knew this was were it is going...as your beliefs are no longer aligned with the current path DASH is on

Why is this such a big deal ? The project has lost so much competitivity already.

We are just above 1/5th of Litecoin's marketcap. One half of Monero's (after having been consistently 3x to 5x theirs). Even Ethereum's failed fork has attracted more relative value.

Maybe you should take a moment to reflect on that and demonstrate some humility when it comes to entertaining a re-appraisal of the core principles that we took for granted would make this asset more investible. Whittling away contrarians year after year isn't doing Dash any good.

The split-reward mechanism isn't working as intended when it comes to competitiveness in the investment market. Face it and start embracing some alternative views. Doesn't mean the principle's wrong, it's worked well in certain aspects such as funding DCG and boosting the technical performance of the network. But the economics of it are not well tuned and the huge masternode margins (in Dash terms) are easily characterised as wasteful from a casual outside investor's perspective. Also doesn't mean that the analyses I've presented are necessarily bullet proof or beyond criticism. But the current proposal isn't going to turn anything around. It's simply an achingly slow increment of what we already have. @babygiraffe doesn't even seem all that confident about it himself to me, hence his very conservative approach to implementing it. Nor did the wider market when it was originally announced. A more radical re-appraisal is needed IMO.

[qwizzie]

Either he sells now, or he sells at next major Dash pump like he mentioned. Or he does nothing and this has been all talks but no action for him.

If there is an individual or a group that advocates a modification or hard-fork of any sort it stands to reason they should be bold and brave enough to do it themselves rather than have wishful thinking that development teams would do it for them because they have an inkling their way forward is the best way forward.

I am not sure what toknormal intends to do next but in all probability it seems he will not create a new chain himself with his personal hard fork and it seems the Dash developers or Core Group will give it a miss too - so what will happen next?

So we finally arrive at the hard fork part, it sure took toknormal long enough. Only instead of doing the hard fork himself, toknormal wants Dash Core Group to do the hard fork for him.
A hard fork to demonstrate that his theory works and gets most valued by the market. That is just lazy and unrealistic thinking. Dash Core Group does not value his theory, so they will most
certainly not going to put any time or energy into supporting it.

Dash does not do hard forks like that, because our governance system allows us to move forward without a need for hard forks. It has done that in the past and it will continue doing that.
If toknormal wants to hard fork, he will need to do it himself and be cut from this project forever. Without any support from Dash Core Group.

From projecting ultimate disaster for Dash, to now showing a strong willingness to hard fork Dash, toknormal sure is showing his true colors.
I can't believe certain people would fall for these rather obvious scare and divide tactics, but perhaps i don't know certain people as well as i thought i did.

[qwizzie]

Only those that have a true belief and a longterm strategy in this project will remain

This cult talk, not investment talk. Blind allegiance in place of critical appraisal. We're 6 years in. What's you're idea of "long term" ? Decades ?

Since crypto is a relatively new market, which has only recently began attracting institutional investors and is nowhere near global adoption, it is not unreasonable to think
that long term strategies can indeed take 10 years or longer. I don't really see myself at some point in time completely out of crypto either. That will take a very long time.

I think having crypto investments (and their ROI), can be a good supplement to FIAT pensions as well. Of course that thinking could change if crypto were to completely fail.
But i like the idea of having crypto as backup. Who knows how much value FIAT currencies will loose 10 years from now, due to all this pumping of newly printed money in the
economy worldwide.

I am not looking to get rich, but i would like to be somewhat financially independent. Having a steady stream of crypto revenues helps with that.
Tax wise there is no difference in my country, between having crypto on a crypto address or Euro in a banking account (both need to be declared and are subject to property tax).

[WastedLTC]

Dash does not do hard forks like that, because our governance system allows us to move forward without a need for hard forks.

Agreed!   Which is one of many reasons for the governance system.   I think this system is under appreciated -- To everyone involved in this debate,  thank you for your time and passion.   This push and pull followed by voting is the way forward for the network.

[TaoOfSaatoshi]

Got a Talent for Writing and a Passion for Dash? Let's Talk.

As Dash grows, having a decentralized ecosystem with many different points of communication singing the virtues of Dash can only be a good thing. To that end, Dash Nation has made it its mission to fully showcase the home-grown talent that we have here in the Dash community. In the first Dash Nation opportunity posting, we are looking for hobbyist writers to take a crack at making news and opinion articles for the Dash Nation website.

More details here:
https://www.dashnation.com/opportunities/got-a-talent-for-writing-and-a-passion-for-dash-lets-talk/

[JollyGood]

I could be wrong but it seems like he will not sell now though he might consider it at a later date during a pump and dump because forking is out of the question. It would take a brave person to push forward proposals to fork and then actually do it if consensus did not go their way.

Either he sells now, or he sells at next major Dash pump like he mentioned. Or he does nothing and this has been all talks but no action for him.

[bigrcanada1]

The split-reward mechanism isn't working as intended when it comes to competitiveness in the investment market blah blah...

Ok Tok.  Really.  Investment market?!?  You ACTUALLY believe that investors in crypto are investing on fundamentals at this time?  If you in fact ACTUALLY believe that and actually believe that there are those that actually invest in this space on any fundamentals then we are have nothing else to discuss.  If this is the case then you have an agenda based on VERY flawed ideology.  Up to 90% of the trading in crypto is fake.  Fact.  Majority of this trading is wash trading. Fact.  Of this trading only a very small handful of investors/whales control the market. Fact.

I don't mean this in any way as a personal attack, but the conversation throughout the discussion forums is that you have lost your marbles.  Pointing to DASH's market cap is disingenuous, misleading and down right opportunistic in supporting your rhetoric.  So you really want to "die" on that hill?   99.9% of crypto investors couldn't even tell you 2 basic innovations that DASH has developed...never mined what a MN or miner is or even extremely less likely what the hell our rewards allocations are or even what they do.

Please...lets try to be more honest in this conversation.

In the mean time...have a read of this.

https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836

[toknormal]

Pointing to DASH's market cap is disingenuous, misleading and down right opportunistic

Really ? I think I'll just leave that assertion to stand on its own merits (or otherwise   ).

You ACTUALLY believe that investors in crypto are investing on fundamentals at this time?....Fact.  Majority of this trading is wash trading.

Dash has been around for nearly 6 years and I do think its characteristics are quite widely understood. I also think they're well researched by any serious investors that plan to acquire large amounts, as say, fund managers might. While "wash trading" does go on it affects volume more directly over marketcap and occurs across all markets. It isn't the reason for Dash's loss of ranking.

Most of all, I don't think we're at liberty to cite "market ignorance" as a justification for our lack of competitiveness when there are much more obvious causes to which this can be attributed.

In the mean time...have a read of this
https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836

I'm not sure what you think this article demonstrates, but it's a commentary on dip buying. It shows how hashrate/difficulty cycles can be used to identify optimal entry points to the bitcoin market and that maximum gain is made over periods of highest hashrate growth.

Nowhere does it allude to the idea that cheaply secured networks attract more value than blockchains which subject all of their blocks to competitive mining.

For a more instructive example of how these price dynamics work, I suggest you take a look at the fine art market. The fine art market works EXACTLY like mined cryptocurrencies in certain key respects. In particular, with regard to establishing a "starting price" for the block. As the secondary market grows, it also feeds back to the primary except the artist will put their prices UP, not down for new works. If the artist decides to give half their supply of new works away for free, the secondary market isn't going to save them. Investors will simply pick artists who don't do that over ones that do.

Moreover, cryptocurrency mining establishes the "starting price" for the next block with even more authority than the fine art market does since no single person sets it, rather it's set competitively by the consensus of many participants.

Masternode revenues are not subject to competitive mining and therefore emerge with a zero cost base (and consequently zero opening price to the recipient who's then at liberty to profit-take all the way to zero. There's no penalty for selling since no loss to take for liquidating below market value). Alternatively you can take the approach that their "cost' is covered by mining cost in which case this analysis applies.

Either way the margins are a free lunch which is not sustainable in dollar terms and sets up unfavourable capital flows away from us towards competing, 100% mined coins. We can retain the best of both words by rethinking things but as they say, "beatings will continue" in terms of our competitiveness until we acknowledge this IMO.

[qwizzie]

Looks like Dash is about to receive some further upward momentum on the 1W charts :


Source : tradingview, Poloniex, 1W

Here is a close up of Dash Price, RSI and MACD :


Source : tradingview, Poloniex, 1W

MACD is signaling a weakening of our current downward momentum and possibly the forming of a new trend with upward momentum.
Dash price already went from 0.00725 early July, to 0.00816 today.




I have a feeling we won't stay long below 0.01

In the meantime Dogecoin is getting dumped hard : https://cryptowat.ch/charts/HITBTC:DOGE-BTC?period=12h
That is what you get when you have opportunistic traders, who are more focused on short term profits instead of long term growth.
Ultimately people will just end up with a very quick pump and dump.  

 

[klavyemaus52]

Imagine being here on this date  (2014)  and buying dash.

Dash is one of best altcoins for me. I was using it for my transfers.

[klavyemaus52]

Imagine being here on this date  (2014)  and mining dash.

Dash is one of best altcoins for me. I was using it for my transfers.

[qwizzie]

Imagine being here on this date  (2014)  and buying dash.

Dash is one of best altcoins for me. I was using it for my transfers.

Nice to hear that.

[TaoOfSaatoshi]

The Beauty of Dash (w/ Hillary Rojas)

As Dash grows, the ways people will find to use it will grow as well. Today's guest Hillary Rojas is a very hard worker educating her fellow Venezuelans about the benefits of Dash. But, she also has a fun side, entering and encouraging her friends to enter a beauty contest with Dash paid out to successful entries. We talk to the beautiful Hillary Rojas on this episode of CATV.



Thanks for watching!

[JollyGood]

Voting at least shows a transparent manner towards a consensus, it allows those with vested interests to push forward their views and settle the roadmap for the foreseeable future for the crypto involved (in the case Dash). It offers something different to what other crypto out there are not offering so it helps with a sense of community.

Dash does not do hard forks like that, because our governance system allows us to move forward without a need for hard forks.

Agreed!   Which is one of many reasons for the governance system.   I think this system is under appreciated -- To everyone involved in this debate,  thank you for your time and passion.   This push and pull followed by voting is the way forward for the network.

[qwizzie]

Consensus is starting to form : https://www.dashcentral.org/p/decision-proposal-block-reward-reallocat





Voting deadline : 13 days



Lets get voting participation as high as possible !! Highest voting participation on an active budget proposal is currently at 1146 votes, lets crush that.
Current voting participation : 683

[toknormal]

Consensus is starting to form : https://www.dashcentral.org/p/decision-proposal-block-reward-reallocat

Indeed !

The owners of most of the Dash supply vote to have even more of the new supply donated to them.

Well thought through economics which should attract back valuable marketcap that's been lost to our competitors. (Because, hey - masternodes just never were paid enough for doing nothing and the rewards were going to the wrong people ! )

[TRilon]

(Because, hey - masternodes just never were paid enough for doing nothing and the rewards were going to the wrong people ! )

What are you saying? Masternode holders should receive more profit, since they are the main investors in the dash project, who hold the main asset for their personal money. They should be interested in this, and a high reward will motivate them. Nothing will happen to mining, this niche will always be busy and competitive.
Immediately I'm sorry for spelling, I use a translator from Russia

[toknormal]

Masternode holders should receive more profit, since they are the main investors in the dash project

But Dash does not make a "profit".

It's a synthetic monetary commodity, not a business. (Even if it was a business, the "profit" would accrue to the business, not to investors. Investors might get paid dividends occasionally but hopefully not to the extent that it cost them a capital loss many times the amount of the dividend).

[qwizzie]

Customized Top 25 in marketcap, ranked according a specific category. This is how coinmarketcap should show marketcap and ranking in my opinion.


Source : messari.io

Note : This does not change how i feel about marketcap or ranks, i stlll think marketcap figures are too abstract and not all that interesting. Marketcap figures will most likely keep increasing
over time (long term speaking) as this whole crypto market is still a relatively new market that keeps on expanding. The decline in marketcap for most of these Altcoins is therefore in my eyes just temporary
and occurs mostly during bear markets. Crypto marketcap will be a continuous case of fluctuation between expansion (bull market), retraction (bear market) and further expansion (bull market).
Only those crypto projects that are no longer supported or missing a specific use case or created to fraude people, i could see having a continuous decrease in marketcap over time (ICO's for example).

What i do find interesting is the 'Down from ATH' %, specially when comparing Dash performance with other Altcoins performance during a bear market.
Is it not striking that crypto currencies with a much higher marketcap then Dash (lets take XRP for example), are showing pretty much the same 'Down from ATH' % as Dash ?
What does that tell us about using only marketcap to rate and value a cryptocurrency ?