Imagine if Charles Lee (aka coblee) made the same "mistake" as Mr. Evan of "accidentally" instamining DarkCoin/Dash/whatever you want to call it.
I think many of us who at some point or other supported Litecoin would have a different take on Mr. Lee's integrity.
Litecoin was a fairly launched coin in my view.
My take is that the real reason why Dark was renamed to Dash was to distance itself from the insta-mined coins story as well as other shady things that happened near its release in 2014.
Changing the name is a tactic that central bankers like to use to deceive people.
They don't call it "The money printing business"...they call it "The FEDERAL Reserve" for good reason.
Dash is just as much as it was dark only rebranded.
Kind of like how Solidcoin tried to rename their coin MicroCash.
Topic: . - page 6. (Read 17898 times)
It has been stated that the DASH price chart has formed a head and shoulders pattern from the time frame of Feb 2015 to August 6th 2015.
See this excerpt from the [ANN] DASH thread: https://bitcointalk.org/index.php?topic=421615.107460
BTW you never mentioned my Head & Shoulders pattern breakdown of the neckline
Because it doesn't look like H&S. I look for strong SR's (support/resistance) and SD (supply/demand) zones in the charts.
H&S for me has to be made from those SR.
You drew a line across the chart calling it a SR for H&S
Now we are going to deep dive into this chart and zoom in on the end of the speculated head and shoulders pattern that ended on August 6th.
Can you name the trend?
Let's go to Investopedia.
LINK: http://www.investopedia.com/terms/i/inverseheadandshoulders.asp
Welcome to the dark side.
See this excerpt from the [ANN] DASH thread: https://bitcointalk.org/index.php?topic=421615.107460
BTW you never mentioned my Head & Shoulders pattern breakdown of the neckline
Because it doesn't look like H&S. I look for strong SR's (support/resistance) and SD (supply/demand) zones in the charts.
H&S for me has to be made from those SR.
You drew a line across the chart calling it a SR for H&S
Now we are going to deep dive into this chart and zoom in on the end of the speculated head and shoulders pattern that ended on August 6th.
Can you name the trend?
Let's go to Investopedia.
LINK: http://www.investopedia.com/terms/i/inverseheadandshoulders.asp
Quote
DEFINITION of 'Inverse Head And Shoulders'
A chart pattern used in technical analysis to predict the reversal of a current downtrend. This pattern is identified when the price action of a security meets the following characteristics:
1. The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.
A chart pattern used in technical analysis to predict the reversal of a current downtrend. This pattern is identified when the price action of a security meets the following characteristics:
1. The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.
Welcome to the dark side.
Excuse me, but are you saying you see an inverse head and shoulders on a small time frame?
Please point it out if so.
Thanks
A certain individual in this thread (and i dont mean the OP) should really take a look at this :
Back to topic :
The 10 day slow rise in Dash price continues :
And this one just keeps creeping upwards (from USD 2.00 to USD 2.2) http://dc-charts.com/depth_dash.php?ex=2&cu=1
(its a 16K buy-order)
Back to topic :
The 10 day slow rise in Dash price continues :
And this one just keeps creeping upwards (from USD 2.00 to USD 2.2) http://dc-charts.com/depth_dash.php?ex=2&cu=1
(its a 16K buy-order)
You can make that current total masternode number 3204, which means that in just one day 86 masternodes were setup extra.
3204 masternodes each with a collateral of 1000 dash makes 3.204.000 Dash out of exchanges / out of the hands of day-traders.
Each masternode owner will not only get rewards (45% of each block) for providing services to the Dash network (Anonymizing Dash, InstantX etc)
but will also get voting power in the decentralised budgetting system.
3204 masternodes each with a collateral of 1000 dash makes 3.204.000 Dash out of exchanges / out of the hands of day-traders.
Each masternode owner will not only get rewards (45% of each block) for providing services to the Dash network (Anonymizing Dash, InstantX etc)
but will also get voting power in the decentralised budgetting system.
I do not think both have long term and bright future 
The reality of course is that you have no idea what will happen. All you're doing here is curve-fitting your ideology with coins you're emotionally attached to. There is nothing "complicated" about ETH. It's been 1 month since launch, in a few months with a GUI there is nothing stopping it from being a "silver".
Dash is a laundry detergent. Your argument that the name alone promises it will have a future despite being a known instamine scam is simply laughable, as is your argument for discounting Cryptonote tech.
Obvious bias is obvious.
Dash is a laundry detergent. Your argument that the name alone promises it will have a future despite being a known instamine scam is simply laughable, as is your argument for discounting Cryptonote tech.
Obvious bias is obvious.
How do you know Ethereum won't end up being the silver to BTC's gold? Any specific reasons why you're discounting Cryptonote entirely?
Yes i know it's shocking but I do live in the real world where rent and groceries are paid in fiat
Are you saying i should embrace Dash because it's an instamine scam just like fiat paper currency?
Yes i know it's shocking but I do live in the real world where rent and groceries are paid in fiat
Are you saying i should embrace Dash because it's an instamine scam just like fiat paper currency? From the tone of the participants in this thread I can tell some of you think I'm a DASH biased fan boy.
I wonder why they would think that.
Despite Dash being a proven instamine scam, you actually promote it as a viable alternative to Bitcoin. No one is sure what the future of crypto holds after Bitcoin, but the embarrassment currently known as 'Dash' will certainly not be relevant to the extent you think it will.
Good luck with that
I wonder what Dash will do with that Public Awareness budget that got approved by the masternode owners.
This is paid-out in a superblock once a month unless it gets downvoted by masternode owners.
There is certainly a lot of secrecy in that area, Dash's dev-team obviously does not want to reveal too much to competitors yet with regards to strategy and marketing but it should be
interesting to see where they will go with this ...
This is paid-out in a superblock once a month unless it gets downvoted by masternode owners.
Quote
Public Awareness Campaign - $5500
How are your average daily users to find out about Dash and get into it without us reaching out to them? There’s a reason why big and successful projects educate
the general public about their solutions, and it's important for us to get our message across in a coordinated fashion as well. Focusing on promotion, education and
public awareness is crucial so that the added value features of Dash can be understood and better appreciated by the public. In the long term, we should be able to
scale up our efforts and use our team’s unique management skills to achieve great results.
Of course, we will need to be somewhat discreet about what level of detail we promote. In some cases, publishing the full details of our strategy could hinder its effectiveness.
Also, in such a highly competitive environment as crypto, some initiatives must be private at least until they go live (or it could cost us “first-mover” advantages).
For both reasons, some parts of the promotion initiatives will necessitate confidentiality.
How are your average daily users to find out about Dash and get into it without us reaching out to them? There’s a reason why big and successful projects educate
the general public about their solutions, and it's important for us to get our message across in a coordinated fashion as well. Focusing on promotion, education and
public awareness is crucial so that the added value features of Dash can be understood and better appreciated by the public. In the long term, we should be able to
scale up our efforts and use our team’s unique management skills to achieve great results.
Of course, we will need to be somewhat discreet about what level of detail we promote. In some cases, publishing the full details of our strategy could hinder its effectiveness.
Also, in such a highly competitive environment as crypto, some initiatives must be private at least until they go live (or it could cost us “first-mover” advantages).
For both reasons, some parts of the promotion initiatives will necessitate confidentiality.
There is certainly a lot of secrecy in that area, Dash's dev-team obviously does not want to reveal too much to competitors yet with regards to strategy and marketing but it should be
interesting to see where they will go with this ...
LTC is way better
Agreed....lots of LTC hate in this thread for some raisin
.0100 broken
Some speculators must be wondering if they should buy the dip or GTFO?
What's your call?
* Can LTC holders vote in a completely centralized way about budget proposals ?
* Can LTC holders earn interest over their holdings and thereby reward those users who are investing longterm in this coin ?
* Can LTC users pseudo-anonymize their coins in an optional (therefore ruining fungibility) and completely centralized way?
* Does LTC constantly rename its coin in a vain attempt to distance itself from an instamine?
* Can LTC holders earn interest over their holdings and thereby reward those users who are investing longterm in this coin ?
* Can LTC users pseudo-anonymize their coins in an optional (therefore ruining fungibility) and completely centralized way?
* Does LTC constantly rename its coin in a vain attempt to distance itself from an instamine?
Pretty good summary.
The main difference between LTC and Dash is that the former gets most of its marketcap from trading in high liquidity markets while the latter is being continually pumped by a few early adopting instaminers.
Between pumps though, dash's value simply decays due to the fact that there is no reason to hold it unless you're day trading it. A lead balloon that gets reflated periodically by market makers not speculators.
I agree that is a pretty good summary.
* Can LTC holders vote in a completely decentralised way about decentralised budget proposals ?
* Can LTC holders earn interest over their holdings and thereby reward those users who are investing longterm in this coin ?
* Can LTC users anonymize their coins in an optional and completely decentralised way ?
* Does LTC provide transaction-confirmations in such a way that it can be used for micro payments ? (i'm talking transaction-confirmations per second)
* Does LTC provide an automatic wallet backup system for its users?
* Does LTC even want to compete with Bitcoin ? Or is just satisfied with being one of many altcoins ? (although the largest altcoin atm)
* Can LTC holders earn interest over their holdings and thereby reward those users who are investing longterm in this coin ?
* Can LTC users anonymize their coins in an optional and completely decentralised way ?
* Does LTC provide transaction-confirmations in such a way that it can be used for micro payments ? (i'm talking transaction-confirmations per second)
* Does LTC provide an automatic wallet backup system for its users?
* Does LTC even want to compete with Bitcoin ? Or is just satisfied with being one of many altcoins ? (although the largest altcoin atm)
Pretty good summary.
The main difference between LTC and Dash is that the former gets most of its marketcap from trading in high liquidity markets while the latter is being continually optimised to support high performance retail adoption.
Between pumps though, LTC's value simply decays due to the fact that there is no reason to hold it unless you're day trading it. A lead balloon that gets reflated periodically by market makers not speculators.
Dash : We instamine our potential, but to do so we must instamine within ourselves. We must instamine the strength, the will and the faith to instamine forward - to be intstaminers -
to instamine our future.
ROFL
++ROFL
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