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

[Alexey45]

DASH's birthday is coming soon, it will be 8 years old.
Is it planned to pump up the price or wait two more years for the round date of 10 years?

[1714047496]

1714047496

[1714047496]

1714047496

[afbitcoins]

Let me help this shitcoin reach 7000 pages    

Shitcoin born of malice to scam and to enrich themselves with ponzi masternodes..to zeerooooooo!

 

qwizzy was right. You are a great leading indicator of the future of Dash.

When yo wrote it was less than $ 120 and in a few hours we are more than $ 140

Thanks and best regards

He is not qwizzy anymore.

He is now quitty. Dash master propagandist already quit LOL

He doesn't post here anymore, but he does post in the Dash Discord from time to time under the moniker Anonysuom#6766.  

you know if he still have his two master nodes?. Or did he finally give up and sell in the face of falling prices?

I always thought he was a good guy who helped those who had any problem on the board. Wherever he is, I hope he does well.

How I remember Qwizzie..
Yes he did help people with problems. But couldn't debate, quickly resorts to attacking character and reputation instead of addressing the topic at hand, treating genuine members of the community like trolls, caught him lying about me more than once.  Thought he was the authority on everything but in reality clueless about the economics. (Which is a trait shared by most or all the masternode owners to be fair). Gave genuinely terrible investment advice with his perma bull outlook. Probably did more harm than good overall by trying to be the gatekeeper of truth..

Chief Dash propagandist  actually sums it up quite well.


On subject of clueless masternode owners. They famously used their power to vote more reward to themselves and take away reward from miners. Based on flimsy arguments that don't stand up to scrutiny about miners being net sellers which is in fact the exact opposite of reality because miners buy their dash with a real investment in energy and hash power whereas masternode owners (are given) dash with almost no cost to them at all, 20$ per month server.

Despite masternode owners already having a massive unsupportable share of the reward they voted to increase that to even more Dash for themselves. Qwizzie was one of the leading cheerleaders of this disastrous proposal.
Incidentally clueless miners also supported this disaster cluster fuck of a proposal. They had the power to veto it but didn't

I think the passage of time only shows more and more how harmful this was to Dash as a store of value. Mystifies me how it is so hard for people to see these simple truths. If Dash masternode owners ever wise up and vote to give majority share back to miners. I will quickly reinvest back into Dash. I don't believe that day will ever come though. They really are clueless about what Dash is. Too dumb to even see that this is causing the dwindling value of their collateral.  

[toknormal]

treating genuine members of the community like trolls

Well put.

The original idea of the "masternode" was to nurture and fund innovation.

Instead it got turned into somewhat of a mob rule centrifuge that allowed people with more Dash than sense to bulldoze talent, motivation and creativity out of the community in the name of ejecting contentious players.

The rest of the community went scurrying off into a Discord rabbit hole never to be seen again. So Dash now has no visibility out in "the field" anymore.

[Alexey45]

This DarkCoin is brought to perfection.
Why spend money on programmers?
An urgent need for marketing advertising mass character!

Old advertising carries energy, strength and power!

https://www.youtube.com/watch?v=ULVDSfeYnvg

[toknormal]

Dash in the news:



It's ok. We because sacrificed that hashrate for useability. We didn't need it.

oops...



It's ok. Because what tok sed here about mining being a metaphor for the capital transfer mechanism by which capital gets captured into the blockchain is just philosophical indulgence. Everyone knows that external investor capital should go straight into the pockets of existing holders and not be used to bid up the price of the next block to maintain scarcity. That way marketcap is optimised which is why we voted to do exactly that.

oops...



It's ok. pLaTFoRm won'twill fix it    

[xkcdd]

The hashrate is only a measure of the carbon foot print of the network, in the case of Bitcoin it is up 9% this epoch making a new record high. The chain is not more secure because of it, it is not more valuable because of it, all the additional hashrate does is create pollution, waste resources and make the world a worse place.  Dash has precisely the right amount of hashrate to secure the chain, the raw number is not at all important, what is important is that the network pools the majority of the available hashrate to it, which Dash certainly does.  Being a hybrid coin, Dash gets as much of its network security from the masternode network as it does from the miners, so Dash is not solely reliant on POW to keep the chain secure.

[Alexey45]

- 5 minute block target
- 6 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))
- 11 chained hashing algorithms
- Premine: 0%

Since the reward is variable and depends on the difficulty, is there a maximum amount of coins to be mined? A maximum amount of blocks?

Yes, the max coin amount is 84,000,000

Can anyone explain how the previously announced maximum coin supply of 84 000 000 became 18 900 000?

[xkcdd]

Can anyone explain how the previously announced maximum coin supply of 84 000 000 became 18 900 000?

That is an interesting topic, Alexey45, here is the definitive account on how that happened https://youtu.be/O39kWbOu11M?t=1473  Once you watched that part, rewind and start from the beginning because the whole video is fascinating!

[toknormal]

The hashrate is only a measure of the carbon foot print of the network, in the case of Bitcoin it is up 9% this epoch making a new record high. The chain is not more secure because of it, it is not more valuable because of it, all the additional hashrate does is create pollution, waste resources and make the world a worse place.  Dash has precisely the right amount of hashrate to secure the chain

What a painfully deluded perspective - "carbon footprint" nonsense. wtf are you doing investing in a POW coin in the first place if you buy into that cr*p.

You missed the most important thing - competition for the next block.

No wonder we're tanking faster than a brick built sh*house out of the sky if these are the priorities of governance.

[Alexey45]

That is an interesting topic, here is the definitive account on how that happened https://youtu.be/O39kWbOu11M?t=1473  Once you watched that part, rewind and start from the beginning because the whole video is fascinating!

Thanks! Very good video.
The DASH community desperately needs to rebuild its reputation!
As far as I remember, Evan Duffield got fired, right?
But what about Ryan Taylor when he gets fired?
DASH, fire all corrupt officials and scammers to hell!

Tell me, how is the reward divided now, what are the percentages?

Price was stagnant for months.
Then the "drk is scam" threads appeared in April and price has boomed 20x.
I guess there's truth to "there is no such thing as bad PR".

[toknormal]

Discussion on mining, energy and other topics:

https://www.youtube.com/watch?v=z4QTThokPOM

[xkcdd]

Discussion on mining, energy and other topics:

Has your account been hacked, Tokenormal?  You posted a scam video!

[toknormal]

Descending smoothly into the $70 arena. Exit pump complete.

The last one went to $1400. This one peaked at $476. The next one.....? Will we be lucky to get back into 3 figures ?

Preparing to break support on the 2.5 BTC ratio:

The $80 support level is already broken.

Masternodes that incurred 30% income tax on rewards at $180 per coin now require more than double the Dash to cover that liability. Capital loss on masternode collateral has blown any reward "increment" to Kingdom Come for all nodes that were invested in above $100.

Nodecount is in sustained recession, not growth.

"Store-of-value" remedial measures working as planned ? Even being priced in ?

1

[jdmcg]

...

Still crying in your beer I see.

[toknormal]

Still crying in your beer I see.

Should I be celebrating instead 

[jdmcg]

Still crying in your beer I see.

Should I be celebrating instead 

At some point you need to pick yourself up and move on... you've been lamenting for years now...

[toknormal]

At some point you need to pick yourself up and move on... you've been lamenting for years now...

 LoL !

You might have had a point if my perspectives hadn't been vindicated by events. You seem to be imagining that they somehow haven't.

[xkcdd]

You might have had a point if my perspectives hadn't been vindicated by events. You seem to be imagining that they somehow haven't.

You haven't been though.  The reason for the miner reallocation https://docs.dash.org/en/stable/introduction/features.html#block-reward-allocation was because Dash was in a secular down trend at the time and plumbed a low of even $35 briefly before bouncing back up.  If anything, you can say that the block reward reallocation failed to reverse that down trend, nothing more, but you can't say the recent price action is because of the reallocation, there is simply no evidence of that.

[afbitcoins]

You might have had a point if my perspectives hadn't been vindicated by events. You seem to be imagining that they somehow haven't.

You haven't been though.  The reason for the miner reallocation https://docs.dash.org/en/stable/introduction/features.html#block-reward-allocation was because Dash was in a secular down trend at the time and plumbed a low of even $35 briefly before bouncing back up.  If anything, you can say that the block reward reallocation failed to reverse that down trend, nothing more, but you can't say the recent price action is because of the reallocation, there is simply no evidence of that.

Keep dreaming. It made a fundamental bad problem a bit worse. 'Failed' is a good way to put it. failed to reverse a downtrend although promised to do that. It failed. Because Ryan hasn't got a clue. Doesn't understand proof of work. maybe he should move to peercoin. they have a downtrend in need of reversing.

[toknormal]

If anything, you can say that the block reward reallocation failed to reverse that down trend, nothing more, but you can't say the recent price action is because of the reallocation, there is simply no evidence of that.

That isn't the point.

The onus was never on me to prove anything. Dash made a very bold claim that it "didn't need all this hashrate", despite being a POW protocol where the critical job of hashrate is to mediate a bidding war which supports the marginal cost of extracting the next block from the chain.

Ryan is wrong that "cost doesn't drive price" because cost IS price. It's simply not a unit price that's all. What he meant was "price in the primary market doesn't necessarily drive price in the secondary market" (when the coin changes hands for the second time). But as we shall see below, that point is moot anyway.

If you want it formulaically: cost = price x quantity.

Re-arrange the equation to solve for price and you get:

price = cost / quantity

In this specific case, (primary price of coin = daily cost of hashrate / coins generated per day).

So there's scarcity defined & quantified for you right there. That's the formula that defines Dash's "price" in the primary market, the market we're concerned with here. If you reduce a proportion of the "cost" term to zero by donating it to masternodes, bypassing the bidding war then the formula tells you what will happen to price long term. In anecdotal terms, when a masternode sells a reward coin the $USD revenue from that reward does not find its way into the chain. It goes straight into the masternode operators pocket as unearned income. It does not help to raise the marketcap because whatever price support the coin purchase had on exchanges is cancelled by the deficit in demand at the point of coin extraction from the chain.

This isn't "my theory", it's the fundamental Satoshi principle by which POW coins work and anyone who claims they can bypass it and just "give coins away to holders as a bribe" needs a hell of justification to demonstrate how that can support marketcap. You don't have one, neither does Ryan, neither do the masternodes in general. You've never demonstrated any solid reasoning in capital flow terms that supports this crazy reward split policy, just some general hand waving about not needing hashrate and the odd scrambling for other random footholds like "carbon footprint". Even the idea of "circulating supply" is an arbitrary, custom-concocted term because masternodes churn just as the rest of the coin supply does so they're part of the circulating supply. There's no such arbitrary definition for bitcoin "circulating supply" even though much of the BTC cold wallet base is even less liquid than Dash masternode collateral. That in turn is due to it performing better than us as a store of value.

If "your theory" had any basis to it, we'd be seeing Dash EXTREMELY competitive against other mined coins because we have only 50% or less of our supply exposed to the hashrate bidding war. All of the other POW coins above us in marketcap send 100% of the reward to miners. Remember that's a 2-way street, like electrical charge. Positive charge flows in one direction and negative charge in the other. With mining, coins flow in one direction (blockchain --> miner --> secondary buyer) and capital flows in the other direction (secondary buyer --> miner --> blockchain).

This principle does not get acknowledged by Dash community. It's as if it doesn't exist. You do not entertain challenges, discussion about it or present any economic basis on why it doesn't apply to us. Comparison with POS chains is irrelevant because they use a completely different basis to support token value by having on-chain services that consume tokens directly.

Meanwhile, as predicted by the fundamental Satoshi model, we continue to lose both ranking and relative marketcap against other POW assets that value mining more than we do.