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

[toknormal]

Well it's not because of relative "supply" growth, that's for sure. The amount of supply that's emerged in the rankings above us drowns Dash's few million extra coins in the last several years by orders of magnitude. (Anyway, most of that "supply" has gone to masternodes and not "dumped on markets" by miners, due to our wonderfully stabilising store-of-value reward splt, hasn't it )

[jdmcg]

The 7 most valuable mineables all have marketcaps over $2 billion at least except Monero which is around $1.6 Bn. Dash can barely muster half a billion.

I only count 6 mineable cryptos above DASH... BTC, ETH, BCH, LTC, BSV and XMR. What's the 7th?

Of these 6, BCH and BSV are relatively recent forks of BTC and have inherited distribution and network effect from BTC. I could argue they are largely just extensions of BTC and will likely either fade out or actually win and become the "real" Bitcoin.

So maybe there are only 4 mineable networks ahead of DASH... 1) BTC (and forks), 2) ETH, 3) LTC, 4) XMR

Now what about the number of mineable cryptos that are below DASH? It looks like it's in the hundreds, maybe as many as 500 somewhat healthy cryptos.

So why only compare DASH to the top mineable cryptos?

Also, only somewhat related to this topic... but I noticed CMC lists WBTC which bumps DASH down a rank and if I understand is merely an ERC-20 token that is minted as real BTC is held in collateral. Wonder if CMC removes the number of WBTC from both BTC's circulating and total supply or if it's double counted. Also curious if WBTC should really be thought of as a different crypto than BTC... Why not have Binance-BTC (BTC traded on Binance), Huobi-BTC (BTC traded on Huobi), etc as well?

[toknormal]

why only compare DASH to the top mineable cryptos?

Good question.

Now that we're dropping through the rankings like a brick built sh*house, (due to siphoning away half the mining reward from coin investors and spending it on holiday cruises instead), maybe we should set our sights more realistically on the bottom ones.

[qwizzie]

Well it's not because of relative "supply" growth, that's for sure. The amount of supply that's emerged in the rankings above us drowns Dash's few million extra coins in the last several years by orders of magnitude.

Lets get back to basics : what is marketcap ?
Marketcap = supply x price

Dash

Price     : $69.06

Circulating Supply : 9,725,251 Dash
Marketcap = $69.06 x 9,725,251 Dash = $671,625,834
Mined : 51,46%


(as we can see with Dash we get a nice indicator next to Dash circulating supply on coinmarketcap)

Monero

Price    : $94.46

Circulating Supply : 17,709,580 XMR
Marketcap = $94.46 x 17,709,580 XMR = $1,672,846,926
Mined : 96,24%

(No nice indicator next to Monero circulating supply on coinmarketcap, so we need to calculate total mined ourself)

17,709,580 XMR / 18,400,000 XMR x 100 = 96,24% Mined

What do you think caused the massive difference in marketcap between Dash and Monero, looking at the numbers ?

[toknormal]

What do you think caused the massive difference in marketcap between Dash and Monero, looking at the numbers ?

I already answered that: the fact that investors in monero's mined supply get 90% + of the that supply returned to them whereas investors in Dash's mined supply get only half of it.

The supply dynamics arguments you post are speculative. They don't form part of the actual transaction at the time of mining, nor are they consistent across all mined coins. You're doing that thing again where you cherry pick some arbitrary unique property from a selected coin that suits your argument (last time it was BCH, this time it's Monero) and use that to obscure the real and only significant economic attribute which distinguishes Dash from all other mined crypto - the split reward that allows holders to keep half the mining supply instead of delivering it to the investor who pays for the coin to be mined.

In the meantime they don't deliver that value back to the investor in any alternative form (the way the split protocol was original intended - to fund the service layer of the chain).

[qwizzie]

What do you think caused the massive difference in marketcap between Dash and Monero, looking at the numbers ?

I already answered that: the fact that investors in monero's mined supply get 90% + of the that supply returned to them whereas investors in Dash's mined supply get only half of it.

No, marketcap calculation is very simple : marketcap is supply x price. Nothing more, nothing less.


Source : messari.io

Coinmarketcap is crystal clear about price and circulating supply of each coin.
Price is relatively close between Dash and Monero ($69 versus $94) .

Only thing that really jumps out is that Monero (through its emission rate schedule) has generated a much higher supply (17,709,580 XMR) then Dash (9,725,251 DASH),
therefore the Supply x Price calculation causes a much higher marketcap for Monero.

Link : https://bitcointalk.org/index.php?topic=421615.msg55168224#msg55168224
(Price of Dash and Monero was a bit closer to each other in that link, $75 versus $84), still the same massive marketcap difference due to difference in generated supply by each coin).

To be clear, Dash blockreward allocation does not affect our emission rate schedule in any way. Regardless of how much of the blockrewards goes to miners or masternodes, Dash would still have a circulating supply today of 9,725,251 DASH. The same goes for our recent blockreward reallocation change, that also does not affect our emission rate schedule in any way.

[jdmcg]

why only compare DASH to the top mineable cryptos?

Good question.

Now that we're dropping through the rankings like a brick built sh*house, (due to siphoning away half the mining reward from coin investors and spending it on holiday cruises instead), maybe we should set our sights more realistically on the bottom ones.

Ha! Way to ignore the bulk of the argument and twist a single question out of context.

Ok, how can we really discuss this when your argument essentially is the following?

"Dash is not a good store of value because of masternodes and because of masternodes Dash is not a good store of value...."

And...

"That's why 6 mineable cryptos have a higher marketcap than DASH and over 500 mineable cryptos have a lower marketcap than Dash"

[vella85]

I just got into Dash earlier this year thanks to StakeCube making it easier for people who can't mine or run a full masternode, they can join a shared pool and earn rewards that way. Also what I really like is that they also allow members to earn interest on their Dash holdings so basically anyone can earn a nice return on their Dash on StakeCube. The team really support Dash a lot which is why they are also switching over to the Dash code for their own coin SCC. I think Dash is one coin to hold for the long term which I plan to do.

[qwizzie]

I just got into Dash earlier this year thanks to StakeCube making it easier for people who can't mine or run a full masternode, they can join a shared pool and earn rewards that way. Also what I really like is that they also allow members to earn interest on their Dash holdings so basically anyone can earn a nice return on their Dash on StakeCube. The team really support Dash a lot which is why they are also switching over to the Dash code for their own coin SCC. I think Dash is one coin to hold for the long term which I plan to do.

That is good to hear, thank you.

[Dahaa]

A very bad one according to qwizzie xmr will break through $ 100 now. and the best dash you know what it does (conquers new places in the top 100)

[Dahaa]

A bad bsv will soon be like 3 dash. Maybe you already start what to do instead of confirming my theory of fraud???

[JollyGood]

How much DASH do you think per annum exchanges will make using free masternodes which they can operate because of the customer DASH they hold?

Of all the masternodes running how many operated by exchanges?

[qwizzie]

How much DASH do you think per annum exchanges will make using free masternodes which they can operate because of the customer DASH they hold?

Of all the masternodes running how many operated by exchanges?

I think exchanges are not all that interested in running masternodes to collect some additional Dash. They have their own fees that they collect from trades / deposits / withdrawals
and seem far more focused on getting some of the DeFi action on their exchange and finding ways to attract new users to their exchange.

Only two major exchanges have a form of Dash staking so far (one of which is Binance, which looks to be more like Dash lending then Dash staking). I can possibly see Binance
setting up additional masternodes with the Dash that people leave on their exchange through their Dash Staking / Lending, but i have a hard time believing that will get this exchange
a very profitable new revenue stream.

Does anyone recommend a certain DASH marketplace-  let me know.

Normally i would recommend discoverdash.com, which is also referenced here : https://www.dash.org/where-to-spend/
Unfortunetely looking at the statistics section of discoverdash, that website is no longer updated (last updated 22 September 2019)

[moderator's note: consecutive posts merged]

[JollyGood]

Thanks for the clarification, I just wondered whether exchanges would try to maximise their income potential thanks to the number of Dash users store on their exchanges.

How much DASH do you think per annum exchanges will make using free masternodes which they can operate because of the customer DASH they hold?

Of all the masternodes running how many operated by exchanges?

I think exchanges are not all that interested in running masternodes to collect some additional Dash. They have their fee structure that they collect from trades / deposits / withdrawels
and seem far more focused on getting some of the DeFi action on their exchange and finding ways to attract new users to their exchange.

[TaoOfSaatoshi]

Dash FastPass – The Future of Trading?



A problem that has plagued cryptocurrency users (and traders specifically) since the inception of the space is deposits and withdrawals to and from exchanges taking a very long time. In a space where prices, opportunities and more can disappear or appear in mere minutes waiting for a deposit or withdrawal for hours is no longer viable. Waiting for 6 confirmations on your Bitcoin deposit might take hours, by then the market could have massively changed. That is where FastPass comes in as a great solution to this issue using Dash’s near instant transactions and finality with InstantSend and Chainlocks.

Read more: https://www.dashnation.com/media/opinion/dash-fastpass-the-future-of-trading/

Thanks for reading!

[qwizzie]

Maybe if they have some kind of Dash staking / lending in place where customers understand that their Dash will be put in some combined pool, from which the exchange can do
whatever it wants (Binance Dash staking / Lending in a nutshell). But not the exchanges that have just Dash stored on them. They do need some kind of accountability in my view, as exchanges
get much more regulated these days.

Also we would see a lot more wild movements in number of active masternodes, if exchanges where doing these kind of things (users doing Dash withdrawals, would then break the
exchange running masternodes).

Thanks for the clarification, I just wondered whether exchanges would try to maximise their income potential thanks to the number of Dash users store on their exchanges.

How much DASH do you think per annum exchanges will make using free masternodes which they can operate because of the customer DASH they hold?

Of all the masternodes running how many operated by exchanges?

I think exchanges are not all that interested in running masternodes to collect some additional Dash. They have their fee structure that they collect from trades / deposits / withdrawels
and seem far more focused on getting some of the DeFi action on their exchange and finding ways to attract new users to their exchange.

[Dahaa]

In the meantime, xmr took $ 100 Soon 1xmr = 2dash! qwizzie what's wrong with the vaunted dash? I wonder who is selling so actively?

[Dahaa]

Masternodes are one of the ways to steal other people's money by “scamming”, which is why everything is so sad, and I think that many people think so.

[seven.71]

In the meantime, xmr took $ 100 Soon 1xmr = 2dash! qwizzie what's wrong with the vaunted dash? I wonder who is selling so actively?

Please buy Monero if you are not satisfied with the DASH price. at what price do you buy DASH until you get frustrated seeing the price fall and always comment negatively on this thread
nobody forbids selling even buying DASH, the price depends on the market not because one person throws a coin

Masternodes are one of the ways to steal other people's money by “scamming”, which is why everything is so sad, and I think that many people think so.

if you say masternode is a way of launder money why do you say it's only DASH not even just a dash running mastenode

[Dahaa]

In the meantime, xmr took $ 100 Soon 1xmr = 2dash! qwizzie what's wrong with the vaunted dash? I wonder who is selling so actively?

Please buy Monero if you are not satisfied with the DASH price. at what price do you buy DASH until you get frustrated seeing the price fall and always comment negatively on this thread
nobody forbids selling even buying DASH, the price depends on the market not because one person throws a coin

Masternodes are one of the ways to steal other people's money by “scamming”, which is why everything is so sad, and I think that many people think so.

if you say masternode is a way of launder money why do you say it's only DASH not even just a dash running mastenode

Why are you telling me what to do? Who are you? And I write about dash deservedly because I myself have lost a lot