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

[Alexey45]

Hello! When will the DASH t-shirt be available???
Summer is in the yard, I'm waiting!

[1714961460]

1714961460

[1714961460]

1714961460

[xkcdd]

Hello! When will the DASH t-shirt be available???
Summer is in the yard, I'm waiting!

Alexey45, someone recently reviewed some apparel from https://www.cryptee.co/  https://old.reddit.com/r/dashpay/comments/puh6kg/just_arrived_some_dash_branded_apparel_and_mug/ and it looks legit to me. Why not smarten up your wardrobe and cupboard for the summer 2022 and impress your friends! 

[toknormal]

Making nice progress down through the mineables. (I actually happen to have some ZIL from the old throw some sats at it and see if it does something days, so there's a silver lining). Just hitting half Zcash's marketcap now and a quarter of Monero's with still no alarm bells ringing from any of Dash's fine institutions other than about who embezzled what DAO pocket money, who engaged in romantic hangouts with whom and who impinged on who's professional dignity.

Never mind. It's not unprecedented.

It hadn't occurred to me til now that this may have been the intended objective of the reward-ratio policy. If it was then I underestimated its architect's understanding of mining and market dynamics  

[toknormal]

It's not enough to have invented the first governable coin. We need to have a conversation about how to govern the coin and our mining deficit is killing us right now.

If you want Dash to not drop out of sight then this is the conversation that needs to be had more than any other.

[Pang.]

The reason that Dash is at the bottom of that heap is because its mining quota is so tanked. That's all.

Why can you folks in Dash institutionals not realise that ?

What is wrong with you folks ? Why are you all so hypnotised ?

I'm not saying don't pay masternodes. I'm only saying don't pay them beyond the point of diminishing returns for the marketcap. Because then masternodes will lose more from capital loss on their collateral than they do from gain on Dash denominated revenue and our entire marketcap becomes unsustainable.

 • the 2014 question was how can investors get a native blockchain return on investment and incentivise nodes
 • the 2022 question is how to position that return optimally so we don't drop into the abyss of unsustainability

Dash has not addressed the 2022 question and it needs to.

What exactly is so difficult to understand about this ? If we don''t address this we'll end up not only at the bottom of the heap of mining assets but of ALL crypto asset because the masternodes ate all the marketcap since that's where the bloated masternode revenues are currently being paid from.

It's not enough to have invented the first governable coin. We need to have a conversation about how to govern the coin and our mining deficit is killing us right now.

If you want Dash to not drop out of sight then this is the conversation that needs to be had more than any other.

we are receiving the karma bequeathed by the great decisions of the leadership of DCG.

we don't need all that hashrate.


Privacy is not a requirement for Dash

We will take care of marketing when evolution is ready.

We need funds for paperwork issues.

Alt36 is a great project.

Let's hope that now that the entire cast of geniuses who have brought us here are gone with their pockets full of dollars
, things start to improve.

[toknormal]

Let's hope that now that the entire cast of geniuses who have brought us here are gone with their pockets full of dollars
, things start to improve.

The problem is that this has revealed a flaw in the governance system which is that masternodes are highly conflicted with regard to the protocol. "Doing the right thing" requires turkeys voting for christmas to some extent.

How do we get round this ?

Maybe we don't ever and we simply continue to shrivel up the marketcap (relative to competitors) in opportunity cost and bloated rewards that get chronically devalued by the free market.

It seems not so long ago that dropping below Ethereum Classic was a shock. Ethereum Classic has 4 times our marketcap now. Measured in satoshis, Dash has lost ALL the marketcap gains it made since 2014. That's with TWICE the supply we had back then.

Just let that sink in for a moment.

[Pang.]

Let's hope that now that the entire cast of geniuses who have brought us here are gone with their pockets full of dollars
, things start to improve.

The problem is that this has revealed a flaw in the governance system which is that masternodes are highly conflicted with regard to the protocol. "Doing the right thing" requires turkeys voting for christmas to some extent.

How do we get round this ?

Maybe we don't ever and we simply continue to shrivel up the marketcap (relative to competitors) in opportunity cost and bloated rewards that get chronically devalued by the free market.

It seems not so long ago that dropping below Ethereum Classic was a shock. Ethereum Classic has 4 times our marketcap now. Measured in satoshis, Dash has lost ALL the marketcap gains it made since 2014. That's with TWICE the supply we had back then.

Just let that sink in for a moment.

You may be right, but any idiot who thinks for a few minutes will come to the conclusion that it is better to get 30 Dash per masternode at the end of the year, with each masternode being worth $1,000,000 than to get 60 Dash with each masternode worth $100,000

What is certain is that we do not have a thinking head capable of leading these logical ideas.

In large capitalization projects, there is a well-led team with a clear objective.

Dash has the funds to have a great team behind it, however it gives the impression that it is run by amateurs who understand neither business nor crypto.

I have no doubt that if there was a team that knew how to lead the goals, the high-level programmers that Dash now has, would be able to achieve great goals.

But if for years the budget has been diverted to pay empty payroll of content, instead of hiring more developers or incentivizing them in some way, it is normal that we are where we are.

For one Ryan a year, we would have gotten ten programmers.

You decide.

For a Fernando Gutierrez five programmers.

And so I could continue mentioning many names that we have all seen parade through Dash to fatten their checking accounts.

Masternodes, make a big splash on the table, find a leader with leader status, and let Dash show what he's capable of. Otherwise we will continue to sink into a bottomless pit.

I commented on it here over a year ago with Dash that I was 40th that we would lose 100th, and now I say that we will end up settled for 150th and we will be used in a testimonial way and every day less.

All the best

[Flangler1]

How does NFT payment works on direct wallet, does it convert to usd and then pay or what?

[aleix]

Decentralised Autonomous Organisations: Governance, Dispute Resolution and Regulation
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971228

[aleix]

Over 20 investment funds hold Dash, and 40 more plan to add it: Report
https://cointelegraph.com/news/over-20-investment-funds-hold-dash-and-40-more-plan-to-add-it-report


 https://research.cointelegraph.com/reports/detail/cl2uc400v0hqcufpdqdcyw27n?_ga=2.102817861.496269743.1652094799-1347251871.1648028931

 https://research-backend.cointelegraph.com/uploads/attachments/cl2uugm6b0hwgufpd1z7ni9zt-why-are-crypto-funds-investing-in-dash.pdf

[splawik21]

Over 20 investment funds hold Dash, and 40 more plan to add it: Report
https://cointelegraph.com/news/over-20-investment-funds-hold-dash-and-40-more-plan-to-add-it-report


 https://research.cointelegraph.com/reports/detail/cl2uc400v0hqcufpdqdcyw27n?_ga=2.102817861.496269743.1652094799-1347251871.1648028931

 https://research-backend.cointelegraph.com/uploads/attachments/cl2uugm6b0hwgufpd1z7ni9zt-why-are-crypto-funds-investing-in-dash.pdf

Yet one more...

https://www.coinbureau.com/news/sudden-surge-in-crypto-funds-looking-to-invest-in-dash-report/

[Pang.]

Well, to have so many interested funds, it seems that the price has not bottomed out.

We have been in a boring trend for years where we are moving further and further away from the ATH.

If the funds were really accumulating Dash, do you think the long-term trend in the price would be so depressed?


With that being said, I appreciate the comment, and keep my bullish expectations on Dash as I look forward to the new Dash platform.

All the best

[toknormal]

Well, to have so many interested funds, it seems that the price has not bottomed out.

We have been in a boring trend for years where we are moving further and further away from the ATH.

If the funds were really accumulating Dash, do you think the long-term trend in the price would be so depressed?

It's just marketing.

Someone's been contracted to create a document full of fancy blurb and press releases have been arranged to put it out to encourage investors to invest. "Plan to invest in Dash"   More desperation than information.

What they don't realise is that investors are interested in store of value performance not network performance, marketing performance or "wallet" performance and that's something they can check on for themselves.

Then they discover that Dash has 4200 masternodes leeching their revenue straight out of marketcap instead of economic activity which means we can never compete with our fully-mined peers for attracting investment, no matter how much technical functionality Dash may offer.  Masternode incentives and external investor incentives are therefore miss-aligned.

This problem is chronic. It's not something that gets fixed with fancy marketing blurb. It only gets fixed with the protocol.

Exhibit A:

The balance of the trading volume has been cashing out, not in for the last 6 months:



Exhibit B:

The more highly used chains are the ones with better store-of-value performance, not better network performance:







Exhibit C:

Even by Dash's own miss-defined metric, "circulating supply" is increasing, not decreasing:





*****************************************************

Moral of the story:

We are at a juncture in crypto where anything with bloat is getting identified and nuked. Assets with staking revenues receiving particular attention: "whats on the other side of the revenue stream ? Is it sustainable ? Is the revenue stream 5% justified costs and 95% bloat ?"

If Dash wants to be competitive, stop throwing endless supply at masternodes for free and start letting primary market buyers bid for it instead.
It will work better than a glossy PDF that only signals desperation to prospective investors once they check the "underlyings" for themselves.

Masternodes - food for thought:
The capital loss on your collateral in the last 5 weeks is equivalent to 27 YEARS of rewards at current prices. That is not "ROI" it's a massacre and if it doesn't give you pause to review your priorities of valuing rewards over capital gain, I don't know what will.

*****************************************************

[Pang.]

Great performance by Dash. We are at March 2017 prices.

Quite an achievement thanks to marketing, and the visionaries of DCG.

I will not make more blood because I am one of those affected, but I hope that the MN understand that Dash will be worth nothing ... and nothing is nothing, if a real use of the currency is not activated.

Nobody uses instant send of a coin that will be worth 0, it is easier to use USDT for example on the Tron network, it is instant with hardly any fees, and without the underlying going to 0.

I expect something really interesting on the Dash platform, if not, it has been a pleasure to have been part of a project that could be number one, and was stuck in the selfishness of its "directors" and "holders"

Someone know if is it an exchange wallet?

https://bitinfocharts.com/dash/address/XqjxbhVwksb7WXG5iJSh3bWnKSpvEYjG1P

[xkcdd]

Someone know if is it an exchange wallet?

https://bitinfocharts.com/dash/address/XqjxbhVwksb7WXG5iJSh3bWnKSpvEYjG1P

Yes, that is an exchange address, why do you ask?

[Pang.]

Someone know if is it an exchange wallet?

https://bitinfocharts.com/dash/address/XqjxbhVwksb7WXG5iJSh3bWnKSpvEYjG1P

Yes, that is an exchange address, why do you ask?

That wallet has doubled the number of Dash available in a few months, which means that as the supply for sale increases, there will be more supply of Dash and that will hurt the price. If it were the other way around, the probability of a price rise would increase.

[Alexey45]

MasterNodes!
When will DASH users make a profit?
When will miners start getting a decent reward?
When will the value of the coin start to rise and investors believe in DASH?
One or two of you jackals get shot, maybe things will change for the better
A bullet makes a big difference in your head, even if it hits you in the ass.

[xkcdd]

That wallet has doubled the number of Dash available in a few months, which means that as the supply for sale increases, there will be more supply of Dash and that will hurt the price. If it were the other way around, the probability of a price rise would increase.

I wouldn't worry too much about that, I generally track the amount of Dash in collateralised masternodes on this page https://mnowatch.org/dash-stats/ and though it is still early days, what I am seeing is some accumulation in Masternodes.  This would equate to a reduction in circulating supply and possibly higher prices in the future.  Let's check back on this chart after one month and see if it is still rising.

[toknormal]

Exhibit D:

Dash psychosis.

it is still early days, what I am seeing is some accumulation in Masternodes.  This would equate to a reduction in circulating supply and possibly higher prices in the future. 

[Pang.]

I was looking at patterns on BTC charts, and it seems very possible that the $20K zone is going to be visited.

Dash, as it has been doing worse than BTC for many years, should go at least if the BTC pattern is fulfilled, to the $20 zone

Is it really profitable for a master node acquired for over $100 to remain in HOLD while waiting to recover the entry value + interest per master node?

Whatever happens, really at this point and especially for all those who bought Dash and placed their trust above $100 and have not sold, I believe that it is no longer worth trading at these prices.


Let's also not forget that we are at more than -95% of the ATH, and I guarantee you that it will never return to this point.

If Dash achieves a small market niche with the Dash platform, it could gain some traction, and if BTC returns to highs in the next Bull run, maybe we can hover around $250 and try to stabilize around that area.


The budget, as I told you many months ago, is going to be very reduced, and there will hardly be enough to cover maneuvering expenses. The good thing is that many other currencies do not have the option of self-financing.

The downside is that coins like Zcash or Monero have shown better performance simply by focusing on privacy.

Dash has wanted to do so many things that we really haven't put anything that makes a big difference on the table for years.

Good luck to all and greetings