Bitcoin Forum
November 25, 2020, 12:20:36 AM *
News: Bitcointalk Community Awards
 
   Home   Help Search Login Register More  
Pages: « 1 ... 6823 6824 6825 6826 6827 6828 6829 6830 6831 6832 6833 6834 6835 6836 6837 6838 6839 6840 6841 6842 6843 6844 6845 6846 6847 6848 6849 6850 6851 6852 6853 6854 6855 6856 6857 6858 6859 6860 6861 6862 6863 6864 6865 6866 6867 6868 6869 6870 6871 6872 [6873] 6874 6875 6876 6877 6878 6879 6880 6881 6882 6883 6884 6885 6886 6887 6888 6889 6890 6891 6892 6893 6894 6895 6896 6897 6898 6899 6900 6901 6902 6903 6904 6905 6906 6907 6908 6909 6910 6911 6912 6913 6914 6915 6916 6917 6918 6919 6920 6921 6922 6923 ... 6930 »
  Print  
Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9635709 times)
toknormal
Legendary
*
Offline Offline

Activity: 2338
Merit: 1176


View Profile
August 17, 2020, 09:09:52 AM


So miners are using masternodes to subsidize uneconomic mining ? I hadn't thought about that scenario but now it starts to make sense.

How is that consistent with the "we don't need all this hashrate" policy ?

Surely that is yet another indication that the "sweet spot" in reward ratio has been wrongly identified and ineffectual since the market is simply correcting for it. (At the cost of unhealthy concentration of supply).
1606263636
Hero Member
*
Offline Offline

Posts: 1606263636

View Profile Personal Message (Offline)

Ignore
1606263636
Reply with quote  #2

1606263636
Report to moderator
1606263636
Hero Member
*
Offline Offline

Posts: 1606263636

View Profile Personal Message (Offline)

Ignore
1606263636
Reply with quote  #2

1606263636
Report to moderator
1606263636
Hero Member
*
Offline Offline

Posts: 1606263636

View Profile Personal Message (Offline)

Ignore
1606263636
Reply with quote  #2

1606263636
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 17, 2020, 09:18:07 AM

I see that broken clock is still ticking away

tik - tok - tik - tok - tik - tok

Also i am pretty sure by now that broken clock will never ever admit to being so very wrong with its market theory.
Even when Dash passes Monero in marketcap.

That is sad, but not totally unexspected. Broken clock after all even contemplated forking Dash.
I guess we will be stuck with this broken clock for quite some time.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2338
Merit: 1176


View Profile
August 17, 2020, 09:24:56 AM


tik - tok - tik - tok - tik - tok

Why don't you take a break from your gatekeeper role and actually discuss some of these issues. It would be healthier all round. thunderjet has just made a very significant point...

LTC miners are in good profit zone with $0.05 cost of electricity,DASH miners are at loss even with $0.03...At the other hand, DASH hashrate doubled for same period of time...DASH is profitable,but only and only if you posses masternodes in equal or bigger percentage of your part in hashrate.

You don't need evidence for this. The fact that there's economic incentive is enough. It explains a great deal.

Also look at the market movement this morning - 18k or more in a single trade out of nowhere on just 1 exchange that I looked at. So don't say that masternodes don't churn either. They do, potentially as much as the rest of the supply.
qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 17, 2020, 09:30:42 AM

It would be nice if people were actually making valid points or valid claims with evidence supporting it.
Instead of throwing around a bunch of personal opinions and displaying their subjective view on things.

One more thing.Binance couldnt establish 400 new masternodes,because whole sum of DASH on it is about 8000 coins,enough for only 8 nodes.

Still waiting on the evidence to support the claim that Binance whole sum of Dash is about 8000 coins.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2338
Merit: 1176


View Profile
August 17, 2020, 09:39:29 AM


It would be nice if people were actually making valid points with evidence supporting it.
Instead of throwing around a bunch of personal opinions and displaying their subjective view on things.

At a rough guess, miners generate the equivalent of 12-13 masternodes per week. Masternode subsidized mining is a scenario supported by this coin's protocol. It isn't possible in any other mined coin so to whatever extent it occurs in practice it's a valid point because it recovers the lost mining reward and changes the economic incentives for miners.

It's just yet another example of the flawed assumptions behind the current reward split policy - that masternodes and miners are a mutually exclusive group. (Though maybe that's the whole idea, if undeclared. I remember Evan wanted to implement a system where you had to hold Dash to mine in the first place. I can't remember what it was called).

It's also another example of how where policy of margin parity would be effective since it would mitigate this behaviour.
qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 17, 2020, 09:42:51 AM
Last edit: August 17, 2020, 10:05:38 AM by qwizzie

One more thing.Binance couldnt establish 400 new masternodes,because whole sum of DASH on it is about 8000 coins,enough for only 8 nodes.

Still waiting on the evidence to support the claim that Binance whole sum of Dash is about 8000 coins.

@toknormal : since you are so anxious to defend his post, please explain that to us.

While you are at that please also explain why miners would choose to setup masternodes with lower ROI over staking on exchanges with much higher ROI ?

Exchanges staking Dash

https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb (7,12% annual)
https://dashnews.org/smart-valor-swiss-cryptocurrency-exchange-offers-staking-rewards-for-dash-users/ (6,9% annual)
https://www.bitmart.com/staking/en (8% annual)

Masternode hosting

** https://www.stakingrewards.com/earn/dash (5,65% annual)

If i were a miner and interested in creating an additional revenue stream for myself, i would just stake on Bitmart, Smart Valor or Binance.
1000 Dash collateral not needed, paying server costs not needed and way more profits.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2338
Merit: 1176


View Profile
August 17, 2020, 10:05:21 AM


@toknormal : since you are so anxious to defend his post, please explain that to us.

Don't do the gatekeeping strawman thing now qwizzie.

You know that Binance remark wasn't the essence of his point. It was the broader issue that MSM (Masternode Subsidized Mining) is now a thing - or more significantly is both supported and increasingly encouraged by the Dash protocol.

You now have 2 examples of the principle that the market acts independently of the protocol to resolve margin disparities. One is that it can devalue the capital value of the coin to effect this (which it has done to a greater extent with Dash than it did with competing 100% mined assets as thunderjet's post describes) and now we can add MSM to that.

qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 17, 2020, 10:09:32 AM

i am not defending a post that is just riddled with personal opinions and numbers that don't make any sense.
You are, toknormal. All in an effort to redirect attention to your all-explaining market theory that is lacking supportive
evidence.

Comes across as a bit desperate. Also does not explain why miners would choose masternodes with lower ROI over
staking on exchanges with higher ROI, for an additional revenue stream.

I guess you gonna ignore that too.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 17, 2020, 10:19:10 AM

Quick headsup :

Dash price : 0.008404 / $99,75
Price increase over the last 24 hrs : 6,39%

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2338
Merit: 1176


View Profile
August 17, 2020, 10:28:43 AM
Last edit: August 17, 2020, 11:22:26 AM by toknormal


i am not defending a post that is just riddled with personal opinions and numbers that don't make any sense.
You are, toknormal. All in an effort to redirect attention to your all-explaining market theory that is lacking supportive
evidence.

You have nothing but supporting evidence in front of you. I was careful to distinguish between saying that Masternode Subsidized Mining WAS going on and that it was supported and incentivized by the protocol economics.

More broadly, you know what worries me about this whole strategy ? It's that it looks like an exit plan. I'm not saying it IS one, I'm just saying it looks like one and that is worrying because I'd quite like to stay invested in this asset, at least to a significant extent long term and don't want to be forced out of it by yet another humungous pump & dump.

Against that background lets look at the what's been proposed (and supported by voting):

1. DCH presentation acknowledged that the reward disparity had been both positive and negative for Dash, but that one of the negative effects was instability - we got a huge pump and huge dump. So what to they propose ? INCREASING IT EVEN MORE !  Huh

2. The declared forecast effect of that is that another 1000 or so masternodes get sucked up which will trigger another masternode gold rush pump

But what happens when we hit the next ceiling ? Lets say at 5500 or 6000 nodes ? Why can we not expect exactly the same result ? A massive dump back to the dark ages. At that point the supply shock will be phenomenal because we'll have the dual effect of drainage for MN collateral hitting a brick wall PLUS most of the new supply hitting the market from a huge number of masternodes generating 100% profit rewards.

That is just insane. It's clearly not a sustainable policy and the only reason I can see for promoting it is to invoke an exit pump in time for the next crypto bull run. The way to "stabilise" Dash's store of value would have been to set the margins at parity.

Like I say, I'm not saying this IS the plan, I'm just saying it LOOKS like it. It's an incentive to dump before the MN count hits that next ceiling - at least I'm interpreting it that way and if I am the chances that many others are too.

qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 17, 2020, 01:42:13 PM
Last edit: August 17, 2020, 02:08:06 PM by qwizzie

Dash Core Group found a possible problem with our circulating supply growth rate growing too fast over the years and continue growing too fast in the nearby future,
causing high circulating supply inflation and decreasing Dash chance of staying competitive in the crypto space. This circulating supply growth rate and inflation is hit hardest on Dash users
and less on masternode operators & miners (as they keep receiving part of the blockrewards). For users it simply means that Dash growing circulating supply growth rate is diluting their Dash over time.
More dilution in the early years, less dilution in later years. But users keep getting hit hardest.

Dash emission schedule will reduce our circulating supply growth and circulating supply inflation naturally over time, but it will take at least 10 years before Dash emission rate will reach a level on par
with other competing crypto projects. Crypto projects that either have much older blockchains (Bitcoin, Bitcoin Cash) so they have a low circulating supply growth rate by now or because their unique
emission schedule got them to that level much more early (Monero : 90% already mined, causing a very low circulating supply growth rate).

Best solution for Dash without rocking the boat too much (meaning without going full Proof of Stake or without messing with our emission rate schedule directly) :
Improve Dash Store of Value, by adjusting the blockrewards allocation split where more of blockrewards go to masternodes (+9%) and less go to miners (-9%).

Link :

Dash Core Group Presentation on Dash Economics
https://www.youtube.com/watch?v=hUf76R2V3pY

The rational behind this is that this will give an incentive for investors to buy more Dash collateral (1000 Dash) to setup new masternodes, which will then reduce the circulating supply as more and more Dash collateral
is parked on a cold wallet address / hardware wallet address somewhere long term. Once the blockreward reallocation has been fully processed in 4 or 5 years, we will have less a problem with our
circulating supply. That is the working theory at least. If this theory is correct, more masternodes will be setup, number of masternodes will grow and the interval between masternode
payments will increase too (it is currently at 8.5 days). Ultimately this will lead to a situation where masternode operators receive less masternode payments over time, but with higher Dash amounts to compensate.

This is all intended as a temporary solution (a quick fix solution) in order for Dash to circumvent a limited period in our emission schedule (next 5-10 years), that will continue to cause
high circulating supply growth rate problems.

I don't see an exit pump in this, i see an attempt to control our circulating supply growth rate for a limited time period (5-10 years), an attempt to negate the effects it has on our circulating supply.
In 10 years this will not matter because Dash emission rate schedule will have brought the circulating supply growth rate and inflation percentage down anyways. Which means we could either do
nothing and let the emission schedule play out its natural course for the next 10 years or we can try to circumvent some of that for a limited period of time by changing the blockreward allocation split.

Dash Core Group choose to initiate a discussion about the last and created a decision proposal about that.
The masternode operators backed that decision proposal massively.

Link : https://www.dashcentral.org/p/decision-proposal-block-reward-reallocat

 
Old blockreward allocation split  : 45% masternodes / 45% miners / 10% budget
New blockreward allocation split : 54% masternodes / 36% miners / 10% budget

Dash Core Group will also introduce a new decision proposal within a month, that contains the following :

Blockreward reallocation split of 48% Masternodes / 32% Miners / 20% Budget.
All leftover funding of that 20% budget gets distributed to both masternodes and miners in a 60 / 40 ratio.

I am feeling less optimistic about that decision proposal, i rather see the new blockreward  allocation split not changed
and any leftover funding of the 10% budget getting distributed to masternodes and miners in a 60 / 40 ratio.

Hopefully that option will be presented as well.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2338
Merit: 1176


View Profile
August 17, 2020, 02:01:21 PM
Last edit: August 17, 2020, 08:33:23 PM by toknormal


I don't see an exit pump in this, i see an attempt to control our circulating supply growth rate for a limited time period (5-10 years)

Thankyou for taking the time to write that most excellently articulated and instructive account of the protocol policy. Very useful.

I can see the logic behind it given certain assumptions, but it's those assumptions that I feel are totally unsound. In particular the delineation of "circulating supply". I see this as arbitrary because masternode collateral is "circulating supply" just as non-masternode cold wallet supply is. Masternodes change hands and get churned and are tradeable assets just as any other part of the supply is.

I don't think supply growth is the problem - or at least not the fundamental one. We've got it whatever the level of nodecount there is and node collateral only mitigates this while it is growing. As soon as it stops growing we've got the problem again. And the nodecount ceiling isn't even determined by the reward ratio but the fragmentation of the supply which is probably exponential in nature so we'll just hit it again very quickly.

It's this equilibriium condition that should be addressed and that's where the margin parity approach would be much more successful because it optimally minimises the gross fiat budget we require to collect from markets to sustain the coin IMO.

Look - only this morning. 18 masternodes bought and 16 masternodes sold on the same exchange. That's "circulating supply" !   Smiley



The answer shines with clarity
It's margin parity
Never be so bold
To say nodes are never sold

Profit-takes enthrall
But not in the protocol
A smaller fiat call
Is sure to buoy us all


qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 17, 2020, 08:12:02 PM
Last edit: August 17, 2020, 08:38:22 PM by qwizzie

This thread is getting crowded with poets  Shocked

According an old Roman friend of mine a picture is a poem without words, so i am just going to leave this picture behind and let you all find the poem :



If pictures are indeed poems without words, i sure did a lot of poetry in here over the years thanks to imgur Tongue

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2338
Merit: 1176


View Profile
August 17, 2020, 09:11:01 PM
Last edit: August 17, 2020, 09:56:32 PM by toknormal


qwizzie's left his icon blacked
as grumbling tok has left him racked
posting "kooky thoughts" as fact
that challenge the digestive tract

chaotic circulating blue
the voters opted to subdue
"we've extolled and so should you"
to surf the planetary coup

Tungi17
Member
**
Offline Offline

Activity: 301
Merit: 29


View Profile
August 18, 2020, 04:46:22 AM

New video demonstrating community projects built on Dash EvoNet during phase 2 of the Dash Platform Incubator proposal. The prototype DApps and tools shown in video include: EvoWallet, Jembe, Checkout and InStore.

https://www.youtube.com/watch?v=yy8gO1C8fTs

dishku
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
August 18, 2020, 08:53:53 AM

Quick headsup :

Dash price : 0.008404 / $99,75
Price increase over the last 24 hrs : 6,39%


It seems $100 becoming a psychological barrier for this coin but it getting enough power to cross the boarder line to move further ahead. There is big space for this project to continue to the next level once it will get stable above 3 figures level than it will become more attractive for new investors and it will get explode very soon. Right time to accumulate while it is still very cheap.

             ▓▓▓▄             ▓▓▓▓
           ▓▓▀  ▀█▄        ▓▓▓   ▓▓
          ▓▓  ▓▄   ▀╗ ▓▓▓▓▓  ▓▓▓ ▓▓
         ▓▓ ▄▓▓▓▓▄              ▓▓ ▓▓
        ▐▓▌ ▓   ▓▓▓▓▓▓▓▓▓▓▓▓▄    ▓ ▓
        ▓▓  ▀  ▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╬╦   ▓▓▓
      ▄▓▓▀  ▄▓▓▓▓▓█▀▀ ▀▀▀▓▓▓▓▓▓▓▓▓▓╦  ▓▓▓
    ▄▓▓▀    ▓▓▓▓▓▓▓▓▓▄ ▄▄  ▀▓▓▀▓▓▓▓▓▓▄  ▓▓
   ▄▓▓▓▓  ▄▓▓▓▓▓▓▀▀     ▓▓▓     ▀ ▀ ▄   ▓▓
    ▓▓▀  ▓▓▓▓▓▓▀             ▄     ▀▀  ▓▀
   ▓▓▀  ▓▓▓▓▓▓    ▄▓▓▀ ▄▄▀█▓▓▓▓▓▓▄  ▄  ▓▓▓
  ▓▓▌  ▓▓▓▓▓▓▌   ▓▓▓▌ ▀▀▓▓▓ ▀▓▓▓▓▓▓██▓▓▓  ▓▓
 ▐▓▌        ▀▀▓▌ ╟▀▓▓▌▐▓▓▓▓▓▄ ▓▓▓▓▓   ╔    ▓▓
 ███▓▓▓▓▄▄        ▐▓▓ ▓▄▀▀▀▀▀▀ ▀▓▓▓▓▓▄      ▓▓
           ▀▀▀█▄     ▀▓▓▓▓▓▓▓▓▓▓▄       ▓ ▓▓
                 ▀█▄  ▀▀▀▀▀▀▀▀█  ▀    
                     ▄▄
  BETFURY ..🎲 YOU PLAY - WE PAY 🎲..|    ▄▓▓▓▄▄▄▄▄▄▄▄▄▄▓▓▓▓▄▄▄▄▄▄▄▄▓▓▓▓
   ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
     ▀▀▀          ▓▓▓         ▀▀▀▀
             ▄▓▓▓▓▓▓▓▓▓▓▓▄
             ▓▓▓▓▓▓▓▓▓▓▓▓▓
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄▄
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▓▓▓▓▓▓▓▓▓▓▓▀▀▀▀▀▀▓▓▓▓▓▓▓▓▓▓▓▓
               ▀▓▓▓▓▓▓▓▀        ▓▓▓▓▓▓▓▓▓▓▓
                               ▀▓▓▓▓▓▓▓▓▓▓▓█
 
                                     ▓ ▓
                                     ▓▓▓▓▓
                                     ▓▓  ▓▓
                                     ▓▓▓▓▓
                                     ▓▓  ▓▓
                                     ▓▓▓▓▓
                                     ▓ ▓
|
Twitter
Telegram
Bitcointalk
JollyGood
Legendary
*
Online Online

Activity: 1274
Merit: 1048


Bitsburg-Peer-to-Peer (P2P) Bitcoin Trading


View Profile
August 18, 2020, 09:27:24 AM

Something else comes to mind...

I Wandered Lonely as a Cloud....


This thread is getting crowded with poets  Shocked

██████████▄▄▄▀▀█
█████▄▄▀▀▀██████▄
██████▀▀▀█▀▀▀█▀▀▀▄▄▄
██████████████████▀▀█
██████▀▀▀█▀▀▀██▀▀▀█▀▀▀█
▄▄▀▀██████████████▀▀▄▄
█▀▀▀█▀▀▀██▀▀▀█▀▀▀█
████████████
█▀▀▀█▀▀▀██▀▀▀█▀▀▀█
████████████
██████████▀▀▀█▀▀▀█
███████████████
▄█▄▄▄█▄▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄▄▄█▄▄▄█▄
|.
.
▄▄▄█████████▄▄▄
▄█████████████████▄
▄████▀▀▀███████▀▀▀████▄
████░░░░░█████░░░░░████
▀████▄▄▄███████▄▄▄████▀
▀████████▀░▀████████▀
▀████▀░░░░░▀████▀
STAY
ANON
|
▄█████████████▄░
██▄▄▄▄▄▄▄▄▄▄▄▄▄░
████████████████
████████████▀▀██
████████████▄▄██
████████████████
▀██████████████▀
SHARED
WALLET
|
▄▄▄████▄▄▄
▄███████▀▀█████▄
████████░░░░░███
▀███████░░░░▄██▀
▀██████░░░▄██▀
▀████▄███▀
▀▀██▀▀
SECURITY
FOCUSED
|
▄▄███████████▄▄
█████████████████
▀▀███████████▀▀
██▄▄░░░░░░░░░▄▄██
▀▀███████████▀▀
██▄▄░░░░░░░░░▄▄██
▀▀███████████▀▀
EARN
MONEY
.
.

|
qwizzie
Legendary
*
Offline Offline

Activity: 2436
Merit: 1233



View Profile
August 18, 2020, 10:42:36 AM

ahh, those golden daffodils (https://www.youtube.com/watch?v=d5-KMRUxyug)

Something else comes to mind...

I Wandered Lonely as a Cloud....


This thread is getting crowded with poets  Shocked

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
WastedLTC
Hero Member
*****
Offline Offline

Activity: 698
Merit: 515



View Profile
August 18, 2020, 11:45:51 AM

New video demonstrating community projects built on Dash EvoNet during phase 2 of the Dash Platform Incubator proposal. The prototype DApps and tools shown in video include: EvoWallet, Jembe, Checkout and InStore.


Wonderful video explaining the future of Dash.   
Midas111
Full Member
***
Offline Offline

Activity: 772
Merit: 105

Close the federal reserve


View Profile
August 18, 2020, 12:54:01 PM

Talking about coin wealth distribution via number of addresses with lot of coins in it is obsolete.In the beginning of crypto market it had some sense,but today not any more.

Then how do you personally analyze coin wealth distribution and base your centralization view on it, if not through addresses ?
An analysis that should be objective and supported with data / statistics.

Quote
The more coin wealth distribution is centralized, the more it is pumped-dumped with huge amplitudes.DASH is just one of these coins. It is mercilessly trashed to oblivion,
because it is in hands of just few people
That statement of yours just sounds very subjective, without any support of data or statistics. Which is why i made my original post in the first place.

Please explain why you think Dash coin wealth distribution is centralized, when addresses (where the coins are in) in fact show the opposite for Dash. Sure exchanges will have
large cold / hot wallets, but that counts for all crypto projects and is not a reason to dismiss coin wealth distribution through addresses for open blockchains.
Not to mention the fact that 68,5% of Dash coin wealth distribution is located outside top 10, top 100 and top 1000 addresses (with Litecoin that is only 35%).

I suspect you dismiss addresses as a means to analyze coin wealth distribution out of hand, because it clashes with your subjective view of Dash. Someone most likely stated on a forum somewhere
that Dash was centralized, which you read, agreed upon without questioning and from that point you started to associate Dash with centralization.

Please show us the evidence that Dash coin wealth distribution is centralized.

With regards to Ethereum investors : what do you think those investors will do with their investments, when they notice Ethereum's netwerk getting increasingly more congested, its gas fees getting increasingly
more expensive and its dapps getting negatively affected by all that ? Ethereum's network is already at 95% utilization thanks to DeFi (mainly due to massive Tether ERC-20 transactions traffic) and there is no short term
solution in sight.

Link : https://cryptoslate.com/vc-ethereum-has-negative-network-effects-needs-scaling-solutions-now/

ETH 2.0 update is launched in phases and its first phase (phase 0) will offer no scaling solution (it just focus on setting up a PoS sidechain and initializing validators). Phase 1 & 2 which focus on
sharding as scaling solution, are years away (ETH 2.0 is a multi-year 2020-2022 update). Even launch date end of 2020 for phase 0 in the ETH 2.0 update, is just a soft target launch date.



Because Iam carefully analizing moves in blockchains of few biggest and some smaller coins for years,I noticed shift during and after last big bull market in 2017.Every single coin was controlled by no more than few people/groups. By control of coins, I mean these people has enough coins in theirs possesion to do what they want on the market.Some of them are connected via different coins,some are not.During and after last bull market,I called them "superwhales" started to dilute theirs coins more and more.One particular "hyperwhale" sent 10000s of BTCs on exchanges 1-2 days before major ETH moves.One reason for that is that they noticed that theirs transactions is not even close so stealthy as they thought,the other is connected with security reasons - that was the time when more and more KYC and AML regulations started and different governments agencies started to show more and more interest in tracking transactions.So,when Iam talking that you cant talk about wealth distribution of coin via how much coins are concentrated in few biggest addresses  is not some mine subjective thinking based on thin air , it is just empirical result of mine experience of tracking coins through blockchains for years.You can find some articles about it on Internet from the people who do same thing as I. Today wealth distribution through addresses gives people only false impression about major decentralization.Nothing more.Iam not thinking that major wealth centralization is valid only for DASH,but more or less for all coins.

Though "superwhales" diluted theirs coins,their market behaviour stay the same.They are playing on market on the same way as before,one twist here and there,but one thing never changed - the more coin wealth distribution is centralized the harder pump/dump occure.Today, only way to know about real wealth distribution of coin is its market behaviour.When some coin supply is significantly decentralized, it is extremely hard to make some quick pump/dump.Without enough supply in the hands it is suicidal.Price rise or fall looks more like streched out sine wave.Good and bad news and coin developpment progress also had influence.

But,when the coin is heavily centralized,level of centralization is correlated with the speed of price rise or fall.More centralization, bigger the speed of rise or fall,because there are much less pressure from other traders.They simply have not enough power even to slow down superwhales.Also ,news and coin developpment has no influence on price at all which is impossible if the coin distribution is truly decentralized. When the coin goes down there are no good news or developpment progress which can stop it.  Also when it goes up,only some major exchange massive theft can make influence on price.We all saw many times crazy volatility in crypto world on a scale unbeliveable to ever happen on Forex or even stock market,except in the case of penny stocks.Massive volatilty on crypto market means that market is very shallow,so that only one big whale in such shallow sea can make tsunami waves.Dash market is very ,very shallow,just look at buy/sell orders which are so thin even with 10x leverage.

About ETH - congestion is result of coin major sucess and every coin with such level of growth would face probably even worse congestion.BTC had it also,but ETH has much more tools to solve it.DeFi bubble is ready to burst soon and though some people are talking about these tokens as altcoins,I dont think the same.It looks more like ICO 2.0 version.As I said before,I think that Dash has more potential than ETH which was really messy(and still is),but problem is that major DASH holders does not know/want to play on long shot,but just to make quick buck through pump/dump coin trashing.Such behaviour can destroy even the best project.

 

i am asking for an analysis that should be objective and supported with data or statistics and this is what i get back ? Seriously ?
Your whole post can still be summarized as subjective, nothing more then a personal opinion. You are still failing to show us an objective
analysis supported with data / statistics on how Dash coin wealth distribution is centralized. And no, stating that you 'have carefully analyzed
moves in blockchains of few biggest and some smaller coins for years', does not count as an analysis that is objective and supported with data or statistics.

I showed you an objective analysis supported with data / statistics that Dash coin wealth distribution is decentralized (almost twice as decentralized as Litecoin).
Source : https://bitcointalk.org/index.php?topic=421615.msg54898722#msg54898722
You just keep throwing back personal opinions and seem to focus more on the whole crypto market then on Dash specific. Lets keep this Dash specific.

This is what our discussion is about :

Quote
The more coin wealth distribution is centralized, the more it is pumped-dumped with huge amplitudes.DASH is just one of these coins. It is mercilessly trashed to oblivion,
because it is in hands of just few people

Show me the statistics / evidence that Dash coin wealth distribution is centralized and we can discuss this further.
Otherwise there is really no point at discussing this any further.

I have no hard data that dash is heavily centralized. The price movement like most crypto seems to be always down for the last several years, any upward momentum is beat down within 24 hours. it may be that people are traumatized by years of crashing and every lift is immediately dumped. but the order books show the same matched by and sells as the price is lifted and crashed over and over, so there is definately a bad market maker involved, just l;ike most of crypto it never goes up and stays up.

I enjoy working with the finest digital currency developers on earth
Pages: « 1 ... 6823 6824 6825 6826 6827 6828 6829 6830 6831 6832 6833 6834 6835 6836 6837 6838 6839 6840 6841 6842 6843 6844 6845 6846 6847 6848 6849 6850 6851 6852 6853 6854 6855 6856 6857 6858 6859 6860 6861 6862 6863 6864 6865 6866 6867 6868 6869 6870 6871 6872 [6873] 6874 6875 6876 6877 6878 6879 6880 6881 6882 6883 6884 6885 6886 6887 6888 6889 6890 6891 6892 6893 6894 6895 6896 6897 6898 6899 6900 6901 6902 6903 6904 6905 6906 6907 6908 6909 6910 6911 6912 6913 6914 6915 6916 6917 6918 6919 6920 6921 6922 6923 ... 6930 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!