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

[xkcdd]

There and back again

DASH is back to resistance of $270 and having another crack at it.  Can we break it this time, or do we need another run up?  If we break it this time, the next leg up could be really surprising as per VPVR we have not seen a lot of price action up here, so the volatility is likely to increase (in a good way).  Good luck everyone and well done holding !

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[hd49728]

Well done for DASH hodlers and a big failure for trollers. I can look at the Ethereum in 2018 and 2020, 2021 to wait for another similar adventure for DASH. Will DASH climb up to the 2018 all time high? It is a possibility that can not be undervalued in the bull market for altcoins.

The next trailing station for DASH is from $485 to $530.

[aleix]

https://twitter.com/RTaylor05/status/1361343910266630148

1/ Bunch of acquaintances reached out this weekend to ask why Dash was "all of a sudden" an "overnight success". Well, here's my answer... since the last price peak on Dec 21, 2017 DCG:
- Established the Dash DAO Irrevocable Trust to enable DCG to hold reserves


(thread - 20 tweets by Ryan Taylor)

[Gatorelf]

not much complaining the last couple days 

[toknormal]

not much complaining the last couple days  

Be happy to oblige. Some of us have been here before.

Dash is being bought by investors who are seeking to gain more bitcoin, not to gain more Dash. It is not being used as a vehicle for "store of value" but rather as a proxy for one that does.

As our price rises, so does the tension in profitability between the two parts of the Dash coin supply. (Miners who's profitability is always adjusted by the network difficulty, and masternodes who's profitability is unrestrained in a price rise).

Once the "fever" subsides and the pumpers take their profits, fundamentals will set in again and we'll have another wave of de-ranking, especially amongst the mined coins. There is a way to prevent this which is to optimise the way the supply is "spent" so that it preserves the wealth of those who invest in it rather than pour it all into the pockets of a tiny minority of holders who do not re-invest it at all.

 • If you're interested in the long term future of Dash then engage in genuine challenges over its store-of-value mechanics

 • If you're interested in earning more bitcoin, then stay invested during this pump and get out with the whales who are using Dash to accumulate bitcoin

[xkcdd]

Tokenormal is wrong on this occasion, this is not a pump and dump by whale(s), this is a broad based FOMO from across the crypto-space and I think it has legs and shows a change of trend.  DASH has value in its own right as digital cash / payments network.  Bitcoin is considered a Store of Value, but is lousy for payments.  I think DASH fills a valuable need here and that gives it monetary value.  Toke will keep his head buried in the sand because he is old and proud and ultimately unmalleable.  He is married to his ideas and will in due course take them to his grave.

[toknormal]

I think it has legs

Investments only have "legs" because they do useful work. They don't have legs just by holding.

One half (50%) of Dash's supply goes to the drain. That is to say it is spent on a network resource that does no work, or at least work that costs only around 2% of the Dash budget that's spent on it.

When you deposit your money in a bank you earn interest on it (or used to). But that interest did not simply accrue by virtue of your money sitting there. Somebody had to "put it to work" which is very difficult. They had to find companies actually produced goods and services that people want. Those companies had to be profitable. That profit had to be sustainable.

Only after all that evolutionary effort and growth was there any interest to be had on a bank deposit. While cryptos are synthetic assets, they still have to have a genuine economic basis for their returns. You can't simply "divert" the mining supply to large holders and pretend it's an analogue of the legacy banking system when those investments aren't doing any measurable work.

Dash masternodes are good, but the quantity of core coin emission they draw is simply ridiculous. Half of the entire supply - for what ? A node ? That barely needs to spend any money to keep the network going ? Look how Doge p*ssed all over us because of this zealotry.

It makes us un-investible even for masternode buyers. We're only investible for bitcoin buyers who want to use alts as a pump & dump proxy to get more bitcoin at the moment.

We'll never be competitive with the reward ratio crippling Dash's mining market to such an extent while monetary velocity is so low. We need to set the operating profits at near parity for miners and masternodes for a start. That will at least make us competitive again with our commercial peers (in the mining sector).

Only then can we start to promote features which will put us ahead of our peers.

Do this calculation. Compare it with Litecoin. Litecoin spends nothing on its nodes. But what monetary velocity does it get for that "nothing" expenditure ? I haven't done that calculation because you need to multiply the daily transaction count by the value of each transaction to get it and I haven't done that. Has DCG done that ? Have they produced any figures to justify spending half the entire coin supply on such a cheap resource ?

No. Of course they haven't because if they had done that the conclusion would have been that we'd have had to drastically move the slider in favour of miners to make Dash competitive again and that would not get past the MN voting system that is currently killing this coin because it would require turkeys to vote or christmas.

Masternode voting system is strangling this coin by preserving the elephant in the room at the moment and we need to find a way out of it as it has much potential if its ongoing emission isn't drained in such an unproductive way.

[jdmcg]

Some of us have been here before.

So, try not to make the same mistake?

Dash is being bought by investors who are seeking to gain more bitcoin, not to gain more Dash.

All investors? Or just some? There's not an alt out there where some investors are buying it in the hopes of selling it for more BTC. So you just discovered this? It's not in any way unique to DASH.

The trend is your friend. Learn TA. Understand Bitcoin's cycles, this is its 4th now.

DASH has been in a bull run vs USD since Nov 28 2020 and it's not even in a bull run vs BTC yet. However for the next 4-8 months, almost every alt will outperform BTC.

Just be aware, at some point the trend will change.

When it does, the good alts won't die, but they'll likely suffer more pull back than BTC, so don't be surprised when people attempt to escape by selling alts for BTC.

All the 'reasons' you give won't prevent DASH from outperforming BTC during alt seasons. And all the 'fixes' you propose won't prevent DASH from underperforming BTC during bear markets.

Perhaps ETH will be the first to break this pattern with BTC... but we'll have to wait and see...

[toknormal]

Just be aware, at some point the trend will change.

When it does, the good alts won't die, but they'll likely suffer more pull back than BTC, so don't be surprised when people attempt to escape by selling alts for BTC.

Go check the blackoin thread on bitcointalk.com from 5 years back and others like it.

All this "trend based" reasoning died there already several years ago.

[jdmcg]

Just be aware, at some point the trend will change.

When it does, the good alts won't die, but they'll likely suffer more pull back than BTC, so don't be surprised when people attempt to escape by selling alts for BTC.

Maybe you should just start considering reasoned argument instead of spouting your unreasoned trend-mantra on here. Go check the blackoin thread on bitcointalk.com and others like it. All your posts died there already several years ago.

I assume you mean BlackCoin? You're seriously comparing DASH to an alt that barely surpassed $1 during the height of the last bull run? Also, I never posted on that thread before...

You do know DASH's ATH was above $1000 USD? And that it still maintained good value during the worst parts of the bear market? There are few investments inside or outside of crypto that performed better in 6 years.

Again, DASH will very likely have a marketcap at least double that of XMR, a single coin price at least 4 times that of LTC, will pass 0.01 BTC again, and at the very least challenge 0.022 BTC again. It will surpass its previous ATH of $1600. Do I know this for sure? No, but just a little TA puts the odds overwhelmingly in favor of an alt like DASH.

You on the other hand made a prediction that DASH would sink to $6 because of your 'theory'. Is that still to happen?

[toknormal]

You're seriously comparing DASH to an alt that barely surpassed $1 during the height of the last bull run?

That's where it's headed in ranking terms if it continuous to waste 50% of its coin supply on pure dividends. Would you expect anything else ?

You do know DASH's ATH was above $1000 USD? And that it still maintained good value during the worst parts of the bear market?

It hit $1400 on a spike and then settled at a sub $100 level.

The only coins that will survive from here are the ones that can see themselves as their non-holders do. That is a challenge that goes beyond 2014 tribalism. What's needed now is reasoned argument. We are in the next wave and Dash was the first "governed" coin.

[jdmcg]

You're seriously comparing DASH to an alt that barely surpassed $1 during the height of the last bull run?

That's where it's headed in ranking terms if it continuous to waste 50% of its coin supply on pure dividends. Would you expect anything else ?

Yup, think I made that clear. It did well last bull run. It appears to be gearing up to do really well again. What has changed to stop it? And Dash Platform (DashPay) is still to be released. Will you finally stop being so negative once DASH hits $500 again? $1000? Maybe $2000?

You do know DASH's ATH was above $1000 USD? And that it still maintained good value during the worst parts of the bear market?

It hit $1400 on a spike and then settled at a sub $100 level. There was no growth. I've been here as long as you have and probably longer so stop trying be the new qwizzie spin doctor for Dash. We are in a potentially strong position and the last thing that's needed is 2014 type "we're the next bitcoin" crap.

No growth? Seems before the 2017 bull run DASH was around $8 - $10. During the bear market it briefly touched a bit below $40, but seemed to mostly find a floor at $60. And now as it gears up to enter a bull run against BTC it's hovering around $250. Personally, I think DASH is better than Bitcoin but maybe that's just because I personally can use it more than I can BTC.

We're in limbo because: A vote was taken and that had the effect of suppressing all debate.

I don't see it that way. A vote was taken and now we see how it pans out. Nothing prevents the mood from changing and a new vote from being taken. Your challenge is to garner enough or even some support for your position. I only see you here spreading negativity and causing perhaps a few to sell their DASH. You should hope they don't harbor any resentment towards you now or over the next 6 months or so...

[toknormal]

No growth? Seems before the 2017 bull run DASH was around $8 - $10.

Satoshi prices are all that matter for assets that claim to be more investible than bitcoin.

This isn't 2014. Dash spends half its supply on a network resource that costs peanuts. That is not an investible proposition and the investing "institutions" will be even less impressed by your arguments than I am.

The way to sort this is to reduce the masternode reward ratio. Even masternodes will benefit from such a protocol change because the capital gain from their collateral will simply blow away any marginal reward they would have received by getting "more Dash".

[xkcdd]

Tok, would you agree that one thing we could do that would improve the situation slightly is to reduce the collateral requirement for running a masternode to 250 DASH, which essentially quadruples the hosting fee, puts more nodes on the network and makes running masternodes more accessible for average people which should improve the decentralisation of the network and reduce the constant outcry for shared masternodes to be built into the protcol?  I do not subscribe to the argument that too many nodes would congest the network, Bitcoin has more nodes than we do and TXes propoagate through it within a second or too, ofcourse they then take days to get mined.  I would support reducing the collateral requirements.

[toknormal]

Tok, would you agree that one thing we could do that would improve the situation slightly is to reduce the collateral requirement for running a masternode to 250 DASH

The core issue is we have 2 markets and we have to compete in both. Ryan's analysis was incomplete. Miners are not sellers, they are brokers. They only make TINY profits because they are BUYERS of Dash at the most commercially critical point - the new supply.

[jdmcg]

No growth? Seems before the 2017 bull run DASH was around $8 - $10.

Satoshi prices are all that matter for assets that claim to be more investible than bitcoin.

No wonder you wallow in your misery. I purchased DASH with fiat... it seems you sold BTC for DASH at an unfavorable ratio.

We're headed into the bottom half of the top 100 now when we could be competing with Litecoin very easily if the community became more aware about which of Dash's features contributed to capital gain. (Hint: Mining is the engine, features is the steering wheel)

Well, we were headed towards 50, but over the last week we've clearly reversed that trend. Do you think it's already over?

Tok, would you agree that one thing we could do that would improve the situation slightly is to reduce the collateral requirement for running a masternode to 250 DASH, which essentially quadruples the hosting fee, puts more nodes on the network and makes running masternodes more accessible for average people which should improve the decentralisation of the network and reduce the constant outcry for shared masternodes to be built into the protcol?  I do not subscribe to the argument that too many nodes would congest the network, Bitcoin has more nodes than we do and TXes propoagate through it within a second or too, ofcourse they then take days to get mined.  I would support reducing the collateral requirements.

Although I prefer implementing shared masternodes where each masternode is either made up of 10 100 DASH collateral addresses, 5 200 DASH collateral addresses or even 4 250 DASH collateral addresses, I'd be ok with lowering the collateral to 250 as well for similar reasons as you state.
 

[toknormal]

No wonder you wallow in your misery. I purchased DASH with fiat... it seems you sold BTC for DASH at an unfavorable ratio.

I'm not anti-Dash. I'm pro-optimising its protocol so it doesn't keep losing marketcap to any random competitor that happens to mine its full supply and not give half of it away at zero-difficulty.

[bigrcanada1]

Looks like Toknormal has turned full goof DASH troll!!!  

Tokenomics is rubbish.

The ridiculous argument that "mining" is what creates value to a coin... doesn't hold water,  only 11 coins in the top 50 are even minable for christ sake and 3 of those 11 direct rips of Bitcoin, one is freakn meme coin and the majority of the other 7 are centralized.

Anyway...we should stop engaging this fan of "centralized" control that the current mining model provides.

Having my money in the control of massive the "Chinese" government controlled mining farms is something I want to move away from as quickly as possible and this is what Tok is advocating for.

Thankfully...DCG and other more thoughtful DASH community members have voted this ideology away.

So please don't bother explaining away the MASSIVE hole you've dug yourself.  Your love affair with CMC rankings doesn't even support you basic premise.

What a fall for a member that many of us looked up too...only to become a bumbling troll.

[toknormal]

The ridiculous argument that "mining" is what creates value to a coin... doesn't hold water,  only 11 coins in the top 50 are even minable for christ sake

Hey, you're the one with the explaining to do, not me

Last time we spoke Dash was at least holding its own against said "joke coin".

While you're probably right that mining in a "technological sense" doesn't necessarily add any value, "buying" does. And mining is simply buying in a trustless market.

[aleix]

Last time we spoke Dash was at least holding its own against said "joke coin".

Maybe you have been in vacation or something, not aware of media for a while. You know a guy by the name Elon Musk (he is a famous US guy, for what I heard) doing jokes about a coin named Doge in twitter? Grayscale or Paypal latest news about Bitcoin maybe? The CEO de Blackrock talking about Bitcoin too?

Are you sure you are ok?