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

[qwizzie]

Okay, i got more information from Rion about re-denomination for Dash :

Re-denomination to any degree is not an increase in supply or marketcap in and of itself.  It could change the marketcap for psychological reasons, but not because of the re-denomination per se.

The money supply (in DUFF or SATOSHI) doesn't change at all
That's never been my argument.  It's always been about improving the UX.
The redenom itself is mostly a cosmetic UX change.

The true supply of a currency is its base unit.  The base unit in Dash is sometimes called DUFF.  You can create cosmetic units that are defined as a certain number of those base units.  In the case of Dash we have defined a cosmetic unit call DASH that is defined to be 100,000,000 DUFF.  Changing the definition of how many DUFFs make up a DASH does not change how many DUFFs exist.  It changes how the cosmetic unit is defined.

Link : https://github.com/riongull/notes/blob/master/dash_unit_denominations.md#comparison-table

No increase in marketcap because of the re-denomination per se.
Re-denomination is mostly a cosmetic UX change.

I had to do some heavy editing to some of my previous posts, sorry about that.

[jdmcg]

Okay, i got more information from Rion about re-denomination for Dash :

Re-denomination to any degree is not an increase in supply or marketcap in and of itself.  It could change the marketcap for psychological reasons, but not because of the re-denomination per se.

The money supply (in DUFF or SATOSHI) doesn't change at all
That's never been my argument.  It's always been about improving the UX.
The redenom itself is mostly a cosmetic UX change.

The true supply of a currency is its base unit.  The base unit in Dash is sometimes called DUFF.  You can create cosmetic units that are defined as a certain number of those base units.  In the case of Dash we have defined a cosmetic unit call DASH that is defined to be 100,000,000 DUFF.  Changing the definition of how many DUFFs make up a DASH does not change how many DUFFs exist.  It changes how the cosmetic unit is defined.

Link : https://github.com/riongull/notes/blob/master/dash_unit_denominations.md#comparison-table

No increase in marketcap because of the re-denomination per se.
Re-denomination is mostly a cosmetic UX change.

I had to do some heavy editing to some of my previous posts, sorry about that.

It's a little over-simplistic to say it's a cosmetic UX change.

It's about human psychology or human nature. DASH is supposed to be digital cash... being a good unit of account and user-friendly are important factors for this lofty goal.

Humans don't deal well with fractions or a bunch of leading 0's after a decimal (or comma)...

Imagine a cashier saying "that'd be zero point zero zero three six DASH ma'am" instead of maybe 3.6 DASH

So much easier to make errors as well and not include enough 0's and either overpay or underpay by a factor of 10.

Anyways from what I gather Rion was the main proponent for this change early to mid 2018 and even then this had been brought up for discussion before within the DASH community and the idea has its roots within the Bitcoin community.

Doesn't seem like there's a lot of support for it though and maybe that's why it had never been made into a former proposal.

If it ever was and I could vote for it I think I would vote a certain version of it as the benefits seem to outweigh the risks.

So far the main opponents to this idea either just have an emotional distaste with it or a misunderstanding of what this proposal really does... seems most still think this somehow inflates supply or is somehow deceptive.

[JollyGood]

Thanks to your posts qwizzie, there is a lot of clarity now regarding redenomination. Nice to see lots of ideas being floated around Dash, it clearly means people are actively seeking to improve and contribute ideas towards the future goals.

Okay, i got more information from Rion about re-denomination for Dash :

Re-denomination to any degree is not an increase in supply or marketcap in and of itself.  It could change the marketcap for psychological reasons, but not because of the re-denomination per se.

The money supply (in DUFF or SATOSHI) doesn't change at all
That's never been my argument.  It's always been about improving the UX.
The redenom itself is mostly a cosmetic UX change.

The true supply of a currency is its base unit.  The base unit in Dash is sometimes called DUFF.  You can create cosmetic units that are defined as a certain number of those base units.  In the case of Dash we have defined a cosmetic unit call DASH that is defined to be 100,000,000 DUFF.  Changing the definition of how many DUFFs make up a DASH does not change how many DUFFs exist.  It changes how the cosmetic unit is defined.

Link : https://github.com/riongull/notes/blob/master/dash_unit_denominations.md#comparison-table

No increase in marketcap because of the re-denomination per se.
Re-denomination is mostly a cosmetic UX change.

I had to do some heavy editing to some of my previous posts, sorry about that.

[TaoOfSaatoshi]

Molto Bello! Dash Appears on Blockchain Caffe



As a cryptocurrency project that started with English being the only language of communication, Dash had a relatively limited sphere of influence over the first couple of years. Over time, however, Dash began capturing the hearts and minds of multi-lingual individuals who started teaching its concepts to others in different languages. Fast-forward to today, and there is Dash content in quite a few languages around the world. Spanish is the language that's seen the lion's share of global Dash acceptance, but there is significant representation in German, Russian, Japanese, Chinese, Polish, Thai, French, and Italian, among others.

The Italian Dash community is led by a pair of hard workers, known as Antonello and Alogen69 on Discord. They are working tirelessly to bring the word of Dash to their countrymen. As part of their work and passion, they attempt to land Italian cryptocurrency influencers to talk about Dash. They do this with the knowledge that if people really take the time to give Dash and its user experience a chance, they will become fans as well and work to bring more and more people into Dash Nation...

Read more: https://www.dashnation.com/media/news/molto-bello-dash-appears-on-blockchain-caffe/

Thanks for reading!

[TaoOfSaatoshi]

Dash FastPass: A Trial Run for Dash Platform



The Dash FastPass initiative is a really great idea. A while ago, I released a video outlining the situation that Dash now had the potential to enable near-instantaneous transfers between exchanges due to its InstantSend and Chainlocks technologies. The exchanges, though, were sleeping on this potential to delight their users with a better experience.

How can Dash offer instant transactions?

On the surface, the same way that any other proof of work coin could do it: 0-conf. Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, they're all capable of doing this. But, with 0-conf you run the risk of double-spend attacks that have been proven to be quite trivial to pull off if one knows what they are doing. So, the Dash development team, understanding the need for both speedy and secure transactions, developed InstantSend and Chainlocks to give Dash transactions triple-stage security...

Read more: https://www.dashnation.com/media/voices-of-dash-nation/dash-fastpass-a-trial-run-for-dash-platform/

Thanks for reading!

[toknormal]

It's about human psychology or human nature. DASH is supposed to be digital cash... being a good unit of account and user-friendly are important factors for this lofty goal.

Humans don't deal well with fractions or a bunch of leading 0's after a decimal (or comma)...

Imagine a cashier saying "that'd be zero point zero zero three six DASH ma'am" instead of maybe 3.6 DASH

This isn't an argument for changing the accounting unit, it's an argument for defining MANY accounting units. Most wallets are configurable according to how you want to denominate your holdings - it's a dynamic thing. For example in the mainstream economy, coffees are paid for in cents/pennies and pounds. Cars are bought with thousands, property is measured in "k" and national statistics are done in "B" (billions).

If you change what a "Dash" is it would be like changing the definition of a "dozen" from meaning 12 to 1.2. It's arbitrary. What do you do then when the marketcap goes through another revaluation and you end up using decimals again ? Change it again and keep moving the decimal to suit the purchasing power ? What reference market do you then use for your "optimal convenience" measure ? The price of a coffee or the price of a house ?

The fact is, day to day purchases will be made with stable coins anyway while fixed-supply assets are used for store of value. That's just how things work, so Dash is more likely to get used as collateral to back a stablecoin which you then spend in a market that has standardised price denominations, then spent directly IMO. It's a futile exercise, even if it's only "psychology".

[jdmcg]

It's about human psychology or human nature. DASH is supposed to be digital cash... being a good unit of account and user-friendly are important factors for this lofty goal.

Humans don't deal well with fractions or a bunch of leading 0's after a decimal (or comma)...

Imagine a cashier saying "that'd be zero point zero zero three six DASH ma'am" instead of maybe 3.6 DASH

This isn't an argument for changing the accounting unit, it's an argument for defining MANY accounting units. Most wallets are configurable according to how you want to denominate your holdings - it's a dynamic thing. For example in the mainstream economy, coffees are paid for in cents/pennies and pounds. Cars are bought with thousands, property is measured in "k" and national statistics are done in "B" (billions).

If you change what a "Dash" is it would be like changing the definition of a "dozen" from meaning 12 to 1.2. It's arbitrary. What do you do then when the marketcap goes through another revaluation and you end up using decimals again ? Change it again and keep moving the decimal to suit the purchasing power ? What reference market do you then use for your "optimal convenience" measure ? The price of a coffee or the price of a house ?

The fact is, day to day purchases will be made with stable coins anyway while fixed-supply assets are used for store of value. That's just how things work, so Dash is more likely to get used as collateral to back a stablecoin which you then spend in a market that has standardised price denominations, then spent directly IMO. It's a futile exercise, even if it's only "psychology".

The analogy of DASH and the word dozen doesn't really work. Dozen is just a word that means a set of 12. DASH is a crypto and has the goal to be programmable money.

Bitcoin used to have that goal too but has settled to be just a store of value.

That is only one property of money, money also needs to be a medium of exchange as well as a unit of account. Last I checked DASH still has these goals.

If DASH had already obtained mainstream adoption then I'd agree with you, no need to necessarily redefine the already accepted and known circulating supply and people would be used to displaying it in a way to avoid decimals. But most of the world still doesn't even know what Bitcoin is, never mind DASH. And if someone new to crypto were to invest in either DASH or EOS, knowing not much else, they'd likely choose EOS just because it's cheaper and they could have more.

But here's something curious... how many EOS are there? Coinmarketcap says it has a circulating supply of 936 million... however it only has 4 decimal places.

So if you take the smallest unit of each crypto, there are 970,000,000,000,000 pieces of DASH, that is 970 trillion duffs and there are only 9,360,000,000,000 pieces of EOS, that is 9.36 trillion pieces of EOS. Do you think if EOS had lowered it's circulating supply by a factor of 10,000 from the start, that is it had 8 decimal places instead of 4 and a circulating supply of about 94 thousand that it would have the same marketcap as it does now? Currently each coin is priced at about $2.71. Shift the decimal place 4 places and you'd need a per coin price to be over $27 thousand to maintain its current marketcap. There's no way I believe this would be the case. EOS would be lucky to be priced at $1000 and no where near to being a top crypto according to coinmarketcap.

So, it might be hard to fully understand but I don't think a re-denomination should be so quickly dismissed offhandedly without some serious study.

Too bad though, not sure I see much support for even that.

[toknormal]

And if someone new to crypto were to invest in either DASH or EOS, knowing not much else, they'd likely choose EOS just because it's cheaper and they could have more.

So you think the Japanese Yen is more investable than the UK Pound because currency traders can have "more Yen" than pounds ?



I've never bought this argument and I think it's slightly insane. Investors make decisions based on speculative future value, not the denomination of the marketcap. What about Dogue ? It has a supply of 126 Billion. I actually value the reverse when investing - LOW supply count. It's the first thing I look at on CMC. I hate these high supply assets because they feel valueless at an individual coin level.

[TaoOfSaatoshi]

OrionX Exchange Brings Dash to Chile



Chile is a very important and relevant country within the Latin American continent, and lately, it has been of great help to more than 600,000 Venezuelans who have decided to emigrate because of the political, economic and social problems that have occurred in our country during these last years.

Chileans are an honest, hard-working, and united population that are looking for an evolution and growth within the economic sector, which has been affected by the number of people from different countries who have moved to that region throughout this recent time.

As a result of the aforementioned, the exchange platform OrionX has partnered with Dash. They have decided to join together to offer Chileans and foreigners who are currently living within that country access to and consumption of this leading digital currency for payments, which is impacting the world, day by day, with its innovations...

Read more: https://www.dashnation.com/media/voices-of-dash-nation/orionx-exchange-brings-dash-to-chile/

Thanks for reading!

[Dahaa]

xmr $ 90 and how much is a useless dash worth?


This shit is coming out of the top 30 soon! Scammers do not believe you !!!


I am very sorry for the people who believed these scammers. Sell ​​this shit while it's worth something

[moderator's note: consecutive posts merged]

[qwizzie]

And that is why we are lucky this forum has the option to put ignore on users. 

[UpholdInc]

Dash Podcast 154: Robin O'Connell of Uphold
Robin O'Connell, CRO of Uphold, joins the Dash podcast to talk the business of providing that crucial fiat-to-crypto gateway allowing people to move between the two worlds: https://youtu.be/mhxeFPZzoK0

[JollyGood]

One day you just might have something positive to say about Dash rather than spread misinformation   

I am very sorry for the people who believed these scammers. Sell ​​this shit while it's worth something

[jdmcg]

And if someone new to crypto were to invest in either DASH or EOS, knowing not much else, they'd likely choose EOS just because it's cheaper and they could have more.

So you think the Japanese Yen is more investable than the UK Pound because currency traders can have "more Yen" than pounds ?

I've never bought this argument and I think it's slightly insane. Investors make decisions based on speculative future value, not the denomination of the marketcap. What about Dogue ? It has a supply of 126 Billion. I actually value the reverse when investing - LOW supply count. It's the first thing I look at on CMC. I hate these high supply assets because they feel valueless at an individual coin level.

No, I don't think the Japanese Yen is more investable than the UK Pound... You are reaching to come to that conclusion. First, fiat essentially has an infinite supply and has never been a good investment at least in my lifetime. Second, you ignored the bulk of what I stated and plucked a single statement out of context to build up a counter-argument.

I get you don't like the idea of re-denomination but please either just acknowledge that or argue against the observations I brought up. It isn't really helpful to project weak positions unto those you disagree with...

Anyways, I think DOGE actually illustrates very well my point of what a large circulating supply can do. DOGE has never offered anything new technologically to the crypto space and yet has held its value relatively well and is still in the top 50 on coinmarketcap.

You and I may look for low supply count but that doesn't mean the majority of people do. Having a large supply allows more people to get invested in a coin. Having more people invested seems to add a higher level of stability and a larger community. It seems to be a lot easier for a 7 cent coin to go to 11 cents than for a $70 coin to go to $110.

[toknormal]

Anyways, I think DOGE actually illustrates very well my point of what a large circulating supply can do. DOGE has never offered anything new technologically to the crypto space and yet has held its value relatively well and is still in the top 50 on coinmarketcap.

Doge does not have a masternode network to pay for. You don't need to look any further than that to see why they're so close to us in marketcap. It's nothing to do with how they denominate their coin supply.

[qwizzie]

Anyways, I think DOGE actually illustrates very well my point of what a large circulating supply can do. DOGE has never offered anything new technologically to the crypto space and yet has held its value relatively well and is still in the top 50 on coinmarketcap.

Doge does not have a masternode network to pay for. You don't need to look any further than that to see why they're so close to us in marketcap. It's nothing to do with how they denominate their coin supply.

Dash : 730M marketcap
Dogecoin : 351M marketcap

Not exactly close to us in marketcap. Something tells me that distance in marketcap between Dash and Dogecoin will
only grow larger, with the TikTok hype surrounding Dogecoin gone.

[Dahaa]

One day you just might have something positive to say about Dash rather than spread misinformation   

I am very sorry for the people who believed these scammers. Sell ​​this shit while it's worth something

What kind of misinformation? Better you idiot open your eyes!

[spirits]

One day you just might have something positive to say about Dash rather than spread misinformation   

I am very sorry for the people who believed these scammers. Sell ​​this shit while it's worth something

What kind of misinformation? Better you idiot open your eyes!

And you should get used to a respectful tone.

If your criticism of Dash was at least justified, we could have a good discussion. Your posts are all completely pointless as they are not based on facts.

[Mike323]

Qwizzie, when you compare Dash's to Monero's market cap then YES DOGE's market cap is definitely close to Dash's market cap. HAHAHAHAHAHAHA!

[toknormal]

And you should get used to a respectful tone.

r.o.f.l. That's a troll account. (And this is the "troll thread")

They don't do "tones".