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

[GrandMasterDash]

Moderators on dash forum are removing my posts when I highlight decred's $111M treasury.

[aleix]

Dash AMA - with Ryan Taylor, Dash Core Group CEO (Friday, 19th March)
https://youtu.be/AGIVOrvq8WM

[yurez]

RAS Bank in Brazil adds Dash to all Banking Services

RAS Bank, a full service digital bank in Brazil has added Dash to its services allowing users to conduct their banking activities both in fiat and Dash. This integration provides many services for both users and businesses in the country and region. These services include: point of sale, bill payments, card services, OTC, and an exchange among others.

RAS Bank is a full service digital bank allowing users to manage their accounts in Brazilian Reais and in four cryptocurrencies including Dash, Bitcoin, USDT, and RAS-Stablecoin, the last of which is a stablecoin pegged to the Brazilian Reais.

https://newsroom.dash.org/129876-ras-bank-in-brazil-adds-dash-to-all-banking-services

[hd49728]

DASH is one of the best hidden germ in this altcoin season 2021. I am waiting for the 100% increase of the coin when it breaks the temp resistance from the latest rise. Ups and downs are necessary in the market and if you shake your hands, when you look back (especially in bull market), you will see you lose the total amount of coin you have. Your portfolio can increase in balance but it would have increased more if you hold your coins.

x2 is only for the resistance test and x3 is next target.

DASH is better than shit DeFi tokens are there. Time for being crazy with DeFi will end.

[toknormal]

[JollyGood]

Does anybody have any information about how this AMA was viewed by the Dash holding community several days after it concluded? Was it appreciated by the community overall or was it just brushed aside as a public relations exercise?

Dash AMA - with Ryan Taylor, Dash Core Group CEO (Friday, 19th March)
https://youtu.be/AGIVOrvq8WM

[afbitcoins]

Dash ranked 48 on coin marketcap, Decred ranked 49

Quite interesting no.. I just been looking for differences. Decred gives 60% to miners, Dash gives less than 45%


I bet Ryan Taylor still thinks improving the economics of Dash means giving less to miners, moar to masternodes, despite no evidence for it

[toknormal]

Dash ranked 48 on coin marketcap, Decred ranked 49.....Decred gives 60% to miners, Dash gives less than 45%

I'm afraid those rankings are out of date already.

I bet Ryan Taylor still thinks improving the economics of Dash means giving less to miners, moar to masternodes, despite no evidence for it

He came to that flawed conclusion by disqualifying mining from being counted as a "purchase" when it is in fact exactly that: mining is simply a purchase in a trustless market. What Dash is therefore doing by issuing a majority of its supply to masternodes at zero price and only a minority to miners (at "full" price) is the equivalent of setting half the sells to zero price in an exchange order book.

The collapse in ranking down past Monero, past Doge and now past Decred was inevitable and totally predictable. It will continue until this flawed analysis gets corrected and turned around so that the majority of Dash's supply gets issued to entities that are paying for it rather than ones that aren't.

[jdmcg]

The collapse in ranking down past Monero, past Doge and now past Decred was inevitable and totally predictable. It will continue until this flawed analysis gets corrected and turned around so that the majority of Dash's supply gets issued to entities that are paying for it rather than ones that aren't.

 

I mean you said the same thing about ZEC and ETC when they were ahead of DASH and now where are they? Let's see where DCR is a month from now...

[toknormal]

The collapse in ranking down past Monero, past Doge and now past Decred was inevitable and totally predictable. It will continue until this flawed analysis gets corrected and turned around so that the majority of Dash's supply gets issued to entities that are paying for it rather than ones that aren't.

 

I mean you said the same thing about ZEC and ETC when they were ahead of DASH and now where are they? Let's see where DCR is a month from now...

The issue for the community isn't what I said, it's what Ryan said and the oversight of not realising that a mined coin is a bought coin. That one mistake turns the whole reasoning behind the reward ratio logic on its head. Sure, miners are "sellers" on an exchange just as currency brokers are, but they are not NET sellers. They bought the coin in one market and sold it in another.

Masternodes on the other hand are NET sellers. There's no buy side so no bidding up of the price (once we are at nodecount equilibrium). The reward ratio is therefore simply specifying how much of the supply is issued at zero price per coin. The more of the supply thats issued at zero price, the lower the marketcap compared with other coins that restrict their entire supply to the highest bidder.

The protocol/store of value debate (if you can call it that - there was no debate) was not about how much to "give" to miners or "give" to masternodes. Miners buy their coin. They are not given it. It's only masternodes where the word "give" applies.

Not difficult to understand for anyone that isn't blinded by allegiance to "the cause".

[jdmcg]

The collapse in ranking down past Monero, past Doge and now past Decred was inevitable and totally predictable. It will continue until this flawed analysis gets corrected and turned around so that the majority of Dash's supply gets issued to entities that are paying for it rather than ones that aren't.

 

I mean you said the same thing about ZEC and ETC when they were ahead of DASH and now where are they? Let's see where DCR is a month from now...

The issue for the community isn't what I said...

It isn't? You used ZEC and ETC as proof of you're point until it was obvious you couldn't. So now you use DCR instead...

Not difficult to understand for anyone that isn't blinded by allegiance to "the cause".

What is "the cause" you suppose I have blind allegiance to?

[toknormal]

ZEC and ETC

That miners are buyers in an economic context does not need recourse to anecdotal evidence. It's academic.

[JollyGood]

What you wrote is a defeatist attitude and a very flawed school of thought.

Ryan Taylor and the Dash Core Group are going forward with their plans, those that want to jump on board can do so and those that want to create their own fork of Dash are welcomed to do it and take the newly created fork in to another direction.

I am fairly sure Ryan Taylor and the Dash Core Group will not joining the Dash fork threads to point out their opinions and flaws of the fork....  

The issue for the community isn't what I said, it's what Ryan said and the oversight of not realising that a mined coin is a bought coin. That one mistake turns the whole reasoning behind the reward ratio logic on its head. Sure, miners are "sellers" on an exchange just as currency brokers are, but they are not NET sellers. They bought the coin in one market and sold it in another.

Masternodes on the other hand are NET sellers. There's no buy side so no bidding up of the price (once we are at nodecount equilibrium). The reward ratio is therefore simply specifying how much of the supply is issued at zero price per coin. The more of the supply thats issued at zero price, the lower the marketcap compared with other coins that restrict their entire supply to the highest bidder.

The protocol/store of value debate (if you can call it that - there was no debate) was not about how much to "give" to miners or "give" to masternodes. Miners buy their coin. They are not given it. It's only masternodes where the word "give" applies.

Not difficult to understand for anyone that isn't blinded by allegiance to "the cause".

[toknormal]

What you wrote is a defeatist attitude and a very flawed school of thought.

If you're driving a car and realise you left the handbrake on, you don't shrug your shoulders and continue. You address the problem and take the handbrake off.

By restricting the size of its primary market and issuing such a large proportion of its supply at zero price, Dash is driving with its handbrake on.

It is not "defeatist" to advocate for addressing that problem.

[podpod]

I see Dash paid fatboy to shill it a bit!
Dunno if it will do much good.  Fatboy is becoming known for his pump and dump shills

[JollyGood]

I am all open for advocating changes where necessary but using your car analogy what I see is Dash is driving along as best as it can with a competent Dash Core Group behind the wheel and it is you that is trying to put the handbrakes on which will result in huge problems.

The Dash Core Group have no interest in the formula that you propose.

If you had even an tiny fraction of followers they would lobby the Dash Core Group. It is time to give up. Dash will not change for you.

What you wrote is a defeatist attitude and a very flawed school of thought.

If you're driving a car and realise you left the handbrake on, you don't shrug your shoulders and continue. You address the problem and take the handbrake off.

By restricting the size of its primary market and issuing such a large proportion of its supply at zero price, Dash is driving with its handbrake on.

It is not "defeatist" to advocate for addressing that problem.

[toknormal]

I am all open for advocating changes where necessary but using your car analogy what I see is Dash is driving along as best as it can with a competent Dash Core Group behind the wheel and it is you that is trying to put the handbrakes on which will result in huge problems.

In case you hadn't noticed we already have those "huge problems", at least in terms of attracting investment away from our competitors.

The reason is that DCG's measures to address this are not having any effect. In fact they're having the opposite effect and making us less competitive instead of more. They needed to apply the change the other way around - increase the part of supply that's competed for instead the part that's given away. That would have put less supply "out there" at an opening price of zero dollars. Everyone's too focused on exchanges. Exchanges are not the market. Mining AND exchanges are the market and as far as the primary supply goes, mining is the ONLY market.

The other jaw dropping oversight was to dismiss the role of hashrate altogether once chainlocks were implemented. Sure, hashrate has a role in securing the network from hacks but it also has an economic role which is to mediate demand for the primary supply (the "emission" continuously emerging from the chain). Further, it's not simply a question of how much hashrate you have, but how much of the supply is subjected to that hashrate (/competition) instead of given away. Dash protocol does worse than mitigate incentives for hashrate, it actually firewalls off more than half the supply from it.

Fix that and we can become competitive again. It's more important that any feature development.

Ignore it and look forward to life in the bottom 50 and beyond.

[afbitcoins]

Jollygood telling me Dash Core Group doing a competent job.



Actually mostly they are, if not for developers and CEO messing around with economics they don't understand. Other than that, good job team


Dash is due a pump though, could see it going up to 0.005 against BTC quite easily

miners are "sellers" on an exchange just as currency brokers are, but they are not NET sellers. They bought the coin in one market and sold it in another.

Masternodes on the other hand are NET sellers. There's no buy side so no bidding up of the price (once we are at nodecount equilibrium). The reward ratio is therefore simply specifying how much of the supply is issued at zero price per coin. The more of the supply thats issued at zero price, the lower the marketcap compared with other coins that restrict their entire supply to the highest bidder.

The protocol/store of value debate (if you can call it that - there was no debate) was not about how much to "give" to miners or "give" to masternodes. Miners buy their coin. They are not given it. It's only masternodes where the word "give" applies.

I don't see how anyone can argue with this simple logic. spot on

[moderator's note: consecutive posts merged]

[start the art]

I am going Dash coin NFT art...so if you want to catch some of my remaining original paintings....please PM
https://www.youtube.com/watch?v=ufdQ7-Og05Y
Thanks RYAN TAYLOR for support
https://twitter.com/RTaylor05/status/1376590144292065283

[toknormal]

Dash/BTC OBV signalling possible end of post-pump accumulation phase: