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

[Streamixsuge]

Dash has been a sleeper for a why. I think it’s gonna fly during this bull run.

[1713484122]

1713484122

[toknormal]

Dash/BTC skyrocketter. 15k DRK shot getting munched. (Despite only 45% of the chain being subject to competitive mining)   .

[qwizzie]

Dash/BTC skyrocketter. 15k DRK shot getting munched. (Despite Because only 45% of the chain being subject to competitive mining)   .

Corrected it for you, you are welcome

Dash has been a sleeper for a why. I think it’s gonna fly during this bull run.

I think so too, Dash will fly like a mad bull with wings that runs on rocket fuel.
Which gives a bit of a disturbing picture, but that is totally okay.

On a separate topic : lets restore our ancient 'Wednesday is Mixing Day' for Dash. And lets start that Wednesday today.
Because i have input amounts that are just waiting to party with other people's input amounts, but it almost seems like they forgot how to party.
Must be because of that corona virus, cancelling all party's and keeping input amounts indoors. It is safe to party, little input amounts out there !!

To be fair the input amounts did party pretty heavily yesterday with my input amounts to about 90%. It is that last 10% that is taking a bit longer.
Maybe they are all resting from that wild mixing party yesterday.  

Selfnote : test this mixing behavior further on Release Candidate 3 of Dash Core wallet version 0.16, when it comes out on Testnet
(though this could be a Mainnet specific thing, where a certain mixing denomination is simply used less on Mainnet because users are mixing lower Dash amounts).

[hd49728]

I think so too, Dash will fly like a mad bull with wings that runs on rocket fuel.

It is how DASH took off like a rocket last year. x2 within a few days and it is a lie if I say I don't remember that wave of DASH. I remembered during that take-off, qwizzie opened a DASH discussion thread months before. It is a very informative discussion thread for DASH project and by the way let me use the post to say thank you for that post. It help me understand more about DASH project and also give me chance to get profits from investment into DASH last year.

[ecoe]

Hi.
Dash charts show organic growth. Dash is a very good option to Bitcoin and fiat money

[qwizzie]

I think so too, Dash will fly like a mad bull with wings that runs on rocket fuel.

It is how DASH took off like a rocket last year. x2 within a few days and it is a lie if I say I don't remember that wave of DASH. I remembered during that take-off, qwizzie opened a DASH discussion thread months before. It is a very informative discussion thread for DASH project and by the way let me use the post to say thank you for that post. It help me understand more about DASH project and also give me chance to get profits from investment into DASH last year.

Thank you, that is very kind of you to say.

[TaoOfSaatoshi]

Breaking Down Dash's Treasury Adjustment Options



For followers of Dash, the initial shock of Ryan Taylor's closing keynote speech at the Dash Open House in December of 2019 was quite palpable. Mr. Taylor, the CEO of the Dash decentralized autonomous organization's largest contractor the Dash Core Group, threw a curveball to the audience that was tuning in expecting to see a demonstration of the latest Dash Platform developments. It felt at the time like he hijacked the whole event, as the prevailing expectation in the community was that this event was solely designed to show Dash Platform's possibilities.

Mr. Taylor closed a successful day for Dash with an unrelated, but in hindsight very important, speech about Dash's economic setup. Why was Dash, a cryptocurrency with amazing technology and successful adoption efforts around the world, a digital currency that's simply a joy to use, doing so badly in the markets? This formerly top 10 project was dropping like a stone in the CoinMarketCap rankings, with other coins that pale in comparison to Dash's accomplishments seemingly leap-frogging it on a regular basis...

Read more: https://www.dashnation.com/media/news/breaking-down-dashs-treasury-adjustment-options/

Thanks for reading!

[toknormal]

Aren't these discussions slightly superfluous now that we know that miners are subsidising themselves with masternode revenues ?

If that doesn't show that the protocol is wrongly configured I don't know what does. The nautical equivalent would be full right engine against full right rudder.

It's the free market simply correcting for flawed governance policies and telling us we've got it wrong.

[qwizzie]

Aren't these discussions slightly superfluous now that we know that miners are subsidising themselves with masternode revenues ?

We don't know that, you assume that. An baseless assumption that you try to pose as fact on this forum. Not the first time this happens and i am sure
also not the last time.

Anyways miners would be pretty stupid to subsidize themselves with masternode revenues (5,66% annual), when they can get much higher revenue with
staking on exchanges (as high as 7,2% annual). I am not even sure if miners can come up with the collateral (1000 Dash), to collect masternode revenues
to begin with. Seems a bit too much, taking into account they already paid for expensive mining hardware and are paying for electricity.

If i were to rate this assumption of yours about miners subsidising themselves with masternode revenues, i would rate the odds pretty low.

Here is something to cheer you up :


Source : https://github.com/dashpay/dash/pulls

[toknormal]

We don't know that, you assume that. A baseless assumption

Not a baseless assumption at all. How else could mining be remotely profitable without a drastic reduction in hashrate ?

The "baseless assumption" is that reducing the mining reward without reducing mining cost comes without a price.

[qwizzie]

We don't know that, you assume that. A baseless assumption

Not a baseless assumption at all. How else could mining be remotely profitable without a drastic reduction in hashrate ?

The "baseless assumption" is that reducing the mining reward without reducing mining cost comes without a price.

More assumptions, nice. At least Ryan done extensive research supporting his discovered circulating supply issue and how to fix it.

All you do is come up with one assumption after the other. Without a shred of research / statistics to backup your claims.
And an endless repeat of your assumptions in every post you make.

If the goal is to indoctrinate us by repetitiveness, it is not working. Sorry.

[toknormal]

More assumptions, nice.

Indeed. But slightly more well-founded than the assumptions that "Dash has value...because" and that we can pull millions a week in revenue out of an asset, never re-invest it and still expect that asset to sustain a growth in capital value.

The words "rabbits" & "hats" spring to mind. Remember to leave your calculator alone or the illusion may be ruined which may mitigate your gatekeeping capacity

At least Ryan done extensive research supporting his discovered circulating supply issue and how to fix it.

He re-arranged the deckchairs by shifting who gets more Dash than who else, making sure at all times that all calculations are denominated in Dash, not $USD so as to be able to eliminate capital loss from the analysis.

That isn't the same thing as adding value to an asset. Mining adds value (by amplifying scarcity). Distributing numerically inflated wallet balances that get used to pay for "hookers, blow & cruises" does not.

Outside investors understand this. They understand that it is they who are endorsing the value of the next block which ends up as a masternode revenue, not the Dash blockchain and no amount of "slicing and dicing" its supply up onto little tiny pieces and re-distributing it in some "optimal way" is going to substitute for their endorsement and investment.

Here's how they look at it:







i.e. it's not a good investment if you're not a masternode owner. (And even then you're exposed to massive capital loss from small holders dumping). We need to make it a good investment based on the mining return alone before the utility is even worth a single dollar.

That way you'd get growth in "dollars" instead of just growth in "Dash". The market would then endorse the asset and we'd have sustainable capital growth instead of "pump group" capital growth that's just enough for an exit plan til it crashes again.

[Sincere_]

Been in Dash for awhile one of the OG coins love the concept and its looking primed for a run these days just look at it. Going to start adding more dash with dips

[Dahaa]

All proceeds from masternodes are subsequently dumped on the exchange. Think about the percentage of developers? This is a loophole for scammers.

[qwizzie]

Been in Dash for awhile one of the OG coins love the concept and its looking primed for a run these days just look at it. Going to start adding more dash with dips

Good to hear that.

[qwizzie]

Interesting to read that toknormal spends his masternode rewards on hookers & blow, being a masternode operator himself. Personally i rather save up my
masternode rewards and get 7.12% annual interest on them, on some reasonably trustworthy exchange (Binance for example).

Maybe over time i can manage to setup a new masternode with them, as i rather keep my coins in full control then stake them on an exchange.
I must come across as pretty abnormal to toknormal  

Here is the thing about assumptions : everyone has one.
Lets take a look at what an assumption is :



Presenting one's own assumptions as facts, to me is the real problem here. Lets see what others think of assumptions :

When we believe in lies, we cannot see the truth, so we make thousands of assumptions and we take them as truth. One of the biggest assumptions we make is that the lies we believe are the truth!
- Don Miguel Ruiz

Begin challenging your own assumptions. Your assumptions are your windows on the world. Scrub them off every once in while, or the light won't come in.
- Alan Alda

You must stick to your conviction, but be ready to abandon your assumptions.
- Denis Waitley

Remember, we see the world not as it is but as we are. Most of us see through the eyes of our fears and our limiting beliefs and our false assumptions.
- Robin S. Sharma

Ask questions; don't make assumptions.
- Angela Ahrendts

It's sad that we never get trained to leave assumptions behind.
- Sebastian Thrun

[nutildah]

Here is the thing about assumptions : everyone has one.
Lets take a look at what an assumption is :

Its worse than that. He thinks he's making actual points.

I've been watching this (his) discussion unfold for... what? A month or two now... and I just have to ask toknormal:

Does it ever occur to you how boring and/or wrong you might be?

Nobody is going to change anything based on your analysis / critique / whatever; least of all the Dash devs.

[AzzAz]

Here is the thing about assumptions : everyone has one.
Lets take a look at what an assumption is :

Its worse than that. He thinks he's making actual points.

I've been watching this (his) discussion unfold for... what? A month or two now... and I just have to ask toknormal:

Does it ever occur to you how boring and/or wrong you might be?

Nobody is going to change anything based on your analysis / critique / whatever; least of all the Dash devs.

Maybe for you.
 For me his discussion is not that complicated to understand. Though we don't like what he is pointing ( nor him too ) it is obvious that DASH is going wrong way marketcap wise. 28th now. That alone is screaming: something is wrong.
Give up , Talk: DASH is not comparable anymore  to its once competition, LTC, XMR, NEO, not to mention BCH and BSV, even being much better tech side wise.
It competes now with ZEC and ETC.

[qwizzie]

Here is the thing about assumptions : everyone has one.
Lets take a look at what an assumption is :

Its worse than that. He thinks he's making actual points.

I've been watching this (his) discussion unfold for... what? A month or two now... and I just have to ask toknormal:

Does it ever occur to you how boring and/or wrong you might be?

Nobody is going to change anything based on your analysis / critique / whatever; least of all the Dash devs.

Maybe for you.
 For me his discussion is not that complicated to understand. Though we don't like what he is pointing ( nor him too ) it is obvious that DASH is going wrong way marketcap wise. 28th now. That alone is screaming: something is wrong.

Dash is currently ranking 19, not 28

People should really stop confusing the marketcap and ranking of 'tokens' with 'coins'. Tokens run on a single blockchain (mostly Ethereum) and have a single point of failure (high fees), because that one blockchain that they depend on (and don't have any direct control over) is unable to scale. When coinmarketcap is already making a clear distinction between 'coins' and 'tokens', giving them each their own marketcap and ranking, then so should we.

Coins : https://coinmarketcap.com/coins/
Tokens : https://coinmarketcap.com/tokens/

Comparing 'coins' with 'tokens' is like comparing apples with oranges. There is simply no point in that. Sure you can all stuff them in one big overview, but the comparing part will be flawed from the start.
We should only compare coins with coins and tokens with tokens. If we compare 'coins' specifically, there is not that much difference in % Down from ATH price between Altcoins.
They are mostly between 85%-95% Down from ATH.


Source : coinmarketcap (see above links) & messari.io (for % Down from ATH)

Some of the more well-performing coins are either relatively new coins (Cosmos, Tezos, Bitcoin SV, Binance Coin) or a coin like Polkadot that did a redenomination, catapulting it into a much higher marketcap.
Only Bitcoin and Ethereum really stand out as older coins, performing relatively well.

Polkadot is actually a good example why we should not pay too much attention on marketcap and ranking, as their redenomination moved them from below top 100 to rank 5 on coinmarketcap over night.
Link : https://decrypt.co/41072/how-polkadot-surged-from-nowhere-into-the-top-10-cryptocurrencies

Does this mean Polkadot is outperforming a majority of the Altcoins ? Of course not.

[toknormal]

Polkadot is actually a good example why we should not pay too much attention on marketcap and ranking

No it isn't, it's a flash in the pan and not remotely representative of long term ranking trends.

Coins like LTC, BCH, XMR, Dash etc, however are. You can't dismiss a chronic marketcap difference of a factor of between 2 and 5 as something that we should "not pay too much attention to".