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

[toknormal]

What friends of ours such as Tokenormal  don't understand is that the price of an asset is determined by a market.  A market is place where buyers and sellers are brought together to bid on the price of an asset.

I think I might have got that bit  

[1715196200]

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[1715196200]

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[qwizzie]

Dash price explodes 100%, BCH breaks out as Bitcoin cools off below $40K



https://cointelegraph.com/news/dash-price-explodes-100-bch-breaks-out-as-bitcoin-cools-off-below-40k
Source picture : from article

However, the biggest gainer over the past 24 hours is Dash with its price rising roughly 40%. During the short parabolic rally, DASH surged by over 100% from $95 to as high as $194,
only to pull back to the $140 level.

[toknormal]

The reward increase after 5 years from now will amount to a masternode getting roughly 0.1 DASH extra and the miner getting roughly 0.1 DASH less per block. For the individual masternode owner this is about 0.3 extra DASH per month, about 3.5 extra DASH per year 5 years from now.

You've perfectly illustrated the whole fallacy of this reward ratio circus.

It's measured in Dash - which is meaningless. What is meaningful is the value of that Dash. i.e. the purchasing power. In all your responses to my posts you've never once addressed the issue of capital gain. Sure I can cut the same piece of cake into smaller pieces and say I have more cake if I only measure the quantity in "pieces" rather than grams. But that doesn't mean you can charge more for it.

The issue is that the market can adjust the reward ratio between masternodes and miners in DOLLARS as it sees fit. Dash protocol has no control over this. So the reward ratio should be adjusted to optimise the gain in DOLLARS, not Dash and the only way to do that effectively is to set mining and masternode margins as close to parity as possible (for a given optimal target price or masternode operating cost).

Now we're seeing a price rise. What are the implications of that ? They will be to aggravate the innate heterogeneity of the Dash new supply in terms of inherent profit margin. In other words, as price rises it becomes ever harder to overcome the headwind of profit-taking from the half of the supply that is at ever greater gain over the other half. Effectively issued for "free", especially in the absence of any other fundamental driver such as monetary velocity (which is almost non-existent).



This isn't some "vague theory". It's both common sense and observed fact. When market prices rise, the profit takes are driven by the holders at the biggest gain. So building a profit-taking incentive into your protocol by generating half the supply at no cost to its holder just puts an elastic restraint on the asset that snaps its price back down after a revaluation, bringing the margins back into parity over time.

[jdmcg]

The reward increase after 5 years from now will amount to a masternode getting roughly 0.1 DASH extra and the miner getting roughly 0.1 DASH less per block. For the individual masternode owner this is about 0.3 extra DASH per month, about 3.5 extra DASH per year 5 years from now.

You've perfectly illustrated the whole fallacy of this reward ratio circus.

It's measured in Dash - which is meaningless. What is meaningful is the value of that Dash. i.e. the purchasing power. In all your responses to my posts you've never once addressed the issue of capital gain. Sure I can cut the same piece of cake into smaller pieces and say I have more cake if I only measure the quantity in "pieces" rather than grams. But that doesn't mean you can charge more for it.

We've discussed this ad nauseum and you've failed to convince.

If there was an infinite supply of DASH you would have a point, however there's a maximum of 18 million DASH so your cutting of cake analogy doesn't fit.

Perhaps you are actually hinting on something new and not the solution you already proposed which introduces problems far worse than the one you are trying to fix.

Perhaps you hint on DASH creating a stablecoin against USD and use this to pay masternodes for their service? 

This isn't some "vague theory". It's both common sense and observed fact. When market prices rise, the profit takes are driven by the holders at the biggest gain. So building a profit-taking incentive into your protocol by generating half the supply at no cost to its holder just puts an elastic restraint on the asset that snaps its price back down after a revaluation, bringing the margins back into parity over time.

So... have you checked BTC's, ETH's or XMR's chart lately?  Seems that as the market prices rise, the profit takes are driven by the holders at the biggest gain. How are you actually trying to use this to support your theories on DASH, when every other crypto, POW or not, exhibits the same behavior?

What xkcdd said is so true, so I quote him here for you umbrella boy...

The analogy of this would be if we observe Tok leaving his house with an umbrella we assume it is going to rain today, otherwise not.  Tok would have us draw the conclusion then that because he leaves his house with an umbrella it will rain.  This is false.  Rather Tok takes his umbrella because the forecasts indicate rain.  Umbrellas do not cause rain.  This is the same situation with the mining hashrate.  hashrate chases price, not vice versa!

And also I invite you again to comment on what I already pointed out...

And here's a curious thing... DOGE is merge mined with LTC, isn't it? That means all those miners mining for LTC get DOGE for free doesn't it? Does this mean based on your theories that DOGE should be worth nothing? It's mined at 0% difficulty, no?

Oh, and in case you haven't noticed, DASH is now back above DOGE on CMC so maybe you can breath a little easier today?

[toknormal]

So... have you checked BTC's, ETH's or XMR's chart lately?  Seems that as the market prices rise, the profit takes are driven by the holders at the biggest gain. How are you actually trying to use this to support your theories on DASH, when every other crypto, POW or not, exhibits the same behavior?

Because none of their blockchains issue coins to holders at an instant gain. Dash is the only one.

hashrate chases price, not vice versa!

That's only true in a speculative sense. But speculative value requires there to be a fundamental basis for future cashflows (even if it's only investment flows). That's what xkcdd ignores. He thinks that Dash can have value just..."because"....and that that will feed through to hashrate.

No. It doesn't. Speculative value is simply the pricing in of future REAL value so it's that REAL value basis that has to be analysed properly, otherwise it's just a hype-based pump& dump that might last long enough to get out with a gain but no more. In that context, only two aspects of REAL value that can underpin the pricing of masternode operating margins are:

 • service provision (measured by how much of the reward is invested in it) and
 • monetary velocity

The reward therefore needs to be balanced between masternodes and miners to maximise its benefit to the capital value of the chain. You can't seriously dismiss the role of hashrate in this regard because it's what attracts competition for the primary supply (not the secondary supply, I accept that, but even the value of that trade can only feed through to the primary supply via hashrate as  xkcdd himself points out with the phrase "hashrate chases price")

[hd49728]

The market has a first test for the new year. Bitcoin crashed about 20 percent today and is bouncing back. Altcoins are not strong enough to maintain their prices at good. I see a good thing from a test that is necessary for bitcoin. Altcoins also need it to fuel their rides. Altcoins can not rise much if bitcoin catches all capital on the market.

Altcoin season will come next weeks or months.

[Alexey45]

Altcoin season will come next weeks or months.

100% you are right. Altcoin season has already arrived for ETH, LTC and others.
Obviously, in the first BTC pump of $ 42,000, they forgot about DASH, hammered into the floor.
And now all that remains is to hope and pray for the second wave of the Bitcoin pump.

[qwizzie]

Dash is doing remarkably well during this Bitcoin correction (which i think is part of a much larger Bitcoin correction long term).


Source : messari.io

There is some active Dash buying against BTC value occurring, that still keeps us at the plus side (at least for now).
Bitcoin marketcap dominance : 68.8%



Dash is surfing through the Bitcoin waves. Sometimes avoiding them, sometimes riding them upward, sometimes getting carried and sometimes getting caught by them.  

[Jennifer Lee]

Can someone explain why even bother with partial privacy, especially considering that with such a tiny amount of participants its practically meaningless. There are already full privacy cryptos. Did DASH do privacy trying to be everything for everyone or is there a deeper reason?

[GrandMasterDash]

Can someone explain why even bother with partial privacy, especially considering that with such a tiny amount of participants its practically meaningless. There are already full privacy cryptos. Did DASH do privacy trying to be everything for everyone or is there a deeper reason?

The better a chain is at hiding transaction details, the more impossible it becomes to audit the chain and say with certainty how many coins are in existence. Even bitcoin has a history of near death experiences with infinite inflation bugs, can you imagine how hard that would be to prove or disprove when the transaction details are unknown? Also, many privacy coins are cpu / memory intensive. If you have a resource intensive blockchain to manage and little incentive to run a node yourself, then scaling it to millions or billions of users becomes a nightmare.

A determined user can make any transaction private on any chain by hand coding a series of transactions (to avoid wallet fingerprinting), coin mixing, structuring payments, use decoy change addresses, use tor for broadcast and so on. Privacy coins try to abstract away the hard work, keeping the transactions secret while perhaps introducing an undetectable inflation bug.

Personally, I have a soft spot for privacy-first projects (but not monero) because they put the "crypto" back into "cryptocurrencies". But dash takes an interesting approach, it allows people to hide transactions in plain sight. This will become more evident when usernames go live because although transactions will be transparent, there is no information on-chain as to who paid who.

[xkcdd]

Can someone explain why even bother with partial privacy, especially considering that with such a tiny amount of participants its practically meaningless. There are already full privacy cryptos. Did DASH do privacy trying to be everything for everyone or is there a deeper reason?

Fungibility is a core component of any cryptocurrency.  Mixing helps keep the coin fungible, refer to Toknormal's post on the matter. https://bitcointalk.org/index.php?topic=421615.msg56005372#msg56005372

[qwizzie]

Can someone explain why even bother with partial privacy, especially considering that with such a tiny amount of participants its practically meaningless. There are already full privacy cryptos. Did DASH do privacy trying to be everything for everyone or is there a deeper reason?

Why does Bitcoin bother with partial optional privacy, especially considering that with such a tiny amount of participants its practically meaningless?

Bitcoin use a form of CoinJoin to optionally offer privacy on their transactions and usage on the Bitcoin network is about 4% (according research from 2019).
Source : https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year#

Dash use a form of CoinJoin to optionally offer privacy on their transactions. It is called PrivateSend and usage on the Dash network is about 1-3%.
Source : https://dashradar.com/charts

So why bother with providing optional privacy, when there are dedicated privacy-focused coins (Monero, Zcash, Verge, Horizen) out there ?

To offer Bitcoin and Dash users a choice. Bitcoin offer users that choice, through third party privacy wallets. Dash offer users that choice, through their officially supported core wallet and at least one Dash third party wallet is also moving to implement optional privacy.

If Bitcoin does not have a problem with their privacy wallets offering optional privacy, then why should Dash have a problem with offering optional privacy on their wallets ? From a legal or regulator point of view there is no difference between Dash form of optional privacy and Bitcoin form of optional privacy. Both use a form of  CoinJoin, both have the same type of open public-viewable blockchain, Dash is even a fork of Bitcoin.

In the end it comes down to states and agencies (mostly US) looking for ways to gain more control over the personal information of people and people looking for ways to either keep their privacy or better protect their privacy. That clashes from time to time. Same clash can be seen in the use of encrypted messaging apps and encrypted mobile phones, where states and agencies want access through backdoors.


Dash Investment Foundation (DIF) Invests in CrayPay and Announces 155,000 Merchant Instant Savings App for Dash

We are proud to announce an exciting collaboration that will soon enable Dash spending at over 155,000 merchant locations across the United States.
The Dash Investment Foundation (DIF) recently invested in CrayPay, a loyalty payment platform that enables users to earn instant savings at a variety of national chains.

Read more here : https://newsroom.dash.org/122917-dash-investment-foundation-dif-invests-in-craypay-and-announces-155000-merchant-instant-savings-app-for-dash
and here : https://beincrypto.com/155000-american-merchants-to-accept-dash-as-payment/


Source picture : from article

Looks like we will have yet another announcement about a DIF investment coming up soon. Something to do with financial services.


Looks like we have a few Dash name copycats on coinmarketcap, for some time now :

https://coinmarketcap.com/currencies/dash-cash/ : active on coinmarketcap since Oct 2019, on their Github (2017) the whole thing looks very fishy (https://github.com/genavarov/dashcash)
https://coinmarketcap.com/currencies/dash-green/ : active on coinmarketcap since Jan 2019, according their Github (2018) this is a fork of PIVX (https://github.com/DashGreenCoin/dashgreen)

Both seem to be Dash hard forks that did not see much action or much development. I am curious why they are even on coinmarketcap (or still on coinmarketcap).
I guess they are 'dead coins', destined to roam the empty halls of coinmarketcap forever.



[moderator's note: consecutive posts merged]

[toknormal]

Does anybody know what this means from Dashcore GUI launching ?

Is the copy of the blockchain shot ? It was about 99% downloaded. Do I need to download it again from scratch or can I do something fancy like delete "chainstate" or something to stop it choking ?



Ah. Here we go....need to use command line....https://www.reddit.com/r/dashpay/comments/aw3eof/please_help_with_dash_core_wallet/

[qwizzie]

Litecoin, Monero, Dash Price Analysis: 13 January
https://ambcrypto.com/litecoin-monero-dash-price-analysis-13-january/

Dash (DASH) Analysis : Dash Coin Value Bounces Back After Touching Critical Support Area
https://www.thecoinrepublic.com/2021/01/13/dash-dash-analysis-dash-coin-value-bounces-back-after-touching-critical-support-area/

[afbitcoins]

Dash versus bitcoin

Dash almost made my target of 0.0022 but bounced nicely before reaching that, all the way up to resistance at the mid point of the bear channel

*chart

On longer timescales looks like this

*chart

Can dash repeat what it did a year ago and push on to the top of that bear channel? This is an important level of resistance and no coincidence the recent rally was stopped where it was but it was a significant move. If theres another dip watch for higher lows. Perhaps....... perhaps the bottom is in ??

[TaoOfSaatoshi]

Crypto Developers: Dash to Rival Ethereum for Blockchain-based Applications

Move over, Ethereum! Dash isn't only for effortless digital payments. Turns out it's got a trick or two up its sleeve when it comes to decentralized applications! Watch this.

[Piston Honda]

DASH where only the few actually make (made) money lol

[qwizzie]

Large increase in Dash transactions since 8th of January, with explosive growth in number of transactions today :

Past Week, 1 week cumulative

Source : https://terminal.bytetree.com/dash (Feautured Charts --> TX Count)

Past Month, 1 week cumulative

Source : https://terminal.bytetree.com/dash (Feautured Charts --> TX Count)

Past Quarter, 1 week cumulative

Source : https://terminal.bytetree.com/dash (Feautured Charts --> TX Count)

Dash Network Monitor Currently :

Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (Block/Trx Info)

I just love it when the Dash Network Monitor signals move like that. Damn, almost 21,000 Dash transactions in one hour  

History of Dash Transactions per hour

Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (Block/Trx Info --> Transaction History)


 

[xkcdd]

Large increase in Dash transactions since 8th of January, with explosive growth in number of transactions today :
 

We've also got a good resource over at https://jochen-hoenicke.de/queue/#6,24h which shows the mempool as a chart over time, quite handy.  Also remember that DASH has 2MB blocks and they come on average about 2.5 minutes.

[qwizzie]

Large increase in Dash transactions since 8th of January, with explosive growth in number of transactions today :
 

We've also got a good resource over at https://jochen-hoenicke.de/queue/#6,24h which shows the mempool as a chart over time, quite handy.  Also remember that DASH has 2MB blocks and they come on average about 2.5 minutes.

bookmarked, thank you.