Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1063. (Read 9723733 times)

Hello, $9. Nice to see you again.

No doubt they will be picking up one of these with the proceeds.

Agreed Dash has insane amount of momentum, news a development....only a matter of time

Great sell wall is going to fall soon!

Following dash

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Our collaboration with the Mycelium project is ongoing and open ended. We have one of our developers working as part of the Mycelium team on an ongoing basis for the next few months.

The first stage of the partnership is definitely integration and instantsend, including helping Mycelium and working with them hand on hand to upgrade to bitcoinj. Evolution is not here yet but when it is we can explore connecting it.

In the meantime, Mycelium has a large user base more than 250K downloads. We want to make Dash available to all the people already using the wallet with this integration improving access to Dash.

Re Privatesend: There are improvements to Privatesend on 12.1 it is mixing faster, but I am not sure if it is yet practical to mix on a mobile phone. I will need to check with the dev team. Certainly everything is on the table.

I completely agree, great news! Will private send work on the Mycelium wallet?

I was waiting for this! Love Mycelium and was using coinomi because of dash and bitcoin integration. So know I will be able to use my favourite bitcoin wallet with bitcoin and dash and dash will have instant tx and private send! This is amazing news! I am bloody happy!

The lending market at Polo is back to life. The shorts are getting ready (who the fuck does that?).

Dash Business Development Update - Mycelium/Dash Partnership


https://www.dash.org/forum/threads/dash-business-development-update-mycelium-dash-partnership.9804/

http://www.dashnation.com/video/d10e-live-stream-starting-july-19th-2016/
1:32:00

Lets summarize what we could gather from the above feed, pls correct me where necessary :

First some details

* Dash currently has 5400 full nodes (i assume 4000 Masternodes + 1400 active wallets)
* Dash has +/- $660.000 (2/3 of a million) in annual funding through Dash decentralized funding mechanisme.
  
Dash aims at becoming the first Decentralized Bank

What is a Decentralized Bank ?

A decentralized autonomous organisation (DOA) that provides :

* the adventages of banking services by offering regular banking accounts and savings accounts**
* high level support to the people and merchants using it
* people with full control over their own money
* decentralized merchant tools that will be made available

This is done through Dash Decentralized Budget and Funding Mechanisme that became possible through Dash
second-tier network

** savings accounts will gain a small % of Dash depending on the amount of Dash that they have on their account  
and it is somehow done through fees collection ? (this part is still a bit vague for me)

Timeline :

Alpha  : 3-6 months from now, a wallet that uses the masternode network (second-tier network) with enabled privacy, instant transactions etc
Beta   : a year after Alpha
Stable : a year after Beta

In between Dash Evolution Alpha and Dash Evolution Stable, Dash will focus on setting up Offices, Hardware and Support structures (these three are also a bit vague to me although it does explain
the sub-forum "Dash Jobs" from below)

Will this video also be posted on the official DASH YouTube channel? As the above link links to an unknown channel, at least for me. Thanks for sharing though!




That's just awesome! The guy has 47k+ followers, great exposure!

Yep, bagged me a nice new masternode

what a fucking guess.

Insane Pump storm ahead 

Out for a bit of target practice today OTOH?

Walter

it seems Poloniex agrees with you on that 

I've been watching recent drama at some of the other "self-governing" crypto (GRC, HODL, and of course the DAO) and I've come to think the risk of poison-pill attack is higher than usually assumed.

Normally, we think that coin-holders (MN-holders in particular) would never vote against their own self-interest, but that hides some subtle variants. For example, what if their perceived self-interest did not match reality - they think they are making a good choice but are not? We also tend to assume that Bad Guys would have to invest so much to buy significant influence that it would not be worth their while.

At those other coins, something like the following happened. A smallish group, very sure of its position, lobbies for a change. A vote eventually occurs, and the small but high-energy group wins. The coin's trajectory changes. People who did not participate for whatever reasons, or who were on the losing side of the vote, react in the usual ways - they drop out, they complain, they rethink their position, they go along - whatever. My point is that a relatively small group of high-energy people can, and does, change policy. This pattern is routine in real-life politics and in corporate battles.

So a coin changes direction, and there is no way of being certain up-front whether the coin will thrive or fail as a result, no matter how strong one's opinions may be. Mr Market decides in time.

Back to Bad Guys and poison pills - presumably there are or will be small high-energy groups of Bad Guys trying to influence changes of direction in any self-governing coin. From time to time they will succeed in changing a coin's direction. Their changes may or may not give the results they want - they may backfire - but sometimes they will make a coin change direction in such a way that the coin never recovers.

The fix to this is not to abandon self-governance - any mode of decision-making risks making bad decisions. Neither is the fix to have extra layers of decision-makers as is usually done in the political realm (House and Senate or Commons and Lords, for example). The flaws in such systems are well-known. I have no fix to offer, I'm just noting a vulnerability, based on observing recent adventures with other coins. Possibly - possibly - the fix is to be sure that all decisions can be re-visited at reasonable intervals, and that most changes can be undone without forking to a new brand name. Bad Guys can exploit this kind of mechanism too, of course. There will always be Bad Guys or Good Guys who guess wrong. The challenge is to minimize damage.

For me as a coin-holder, none of this matters at a deep level. I just add to my supply or sell according to my perception of whether the coin direction change was in my interests. (I recently divested half-a-million of one-of-the-above, suppressing emotion as best I could). For a given coin though, a direction change can be brilliant or fatal or somewhere in between. A Dev risks a lot when he lets "his baby" become self-governing.

I'm still very happy with Dash's direction, in case it's not obvious.        

I think that this calls for a 0.0129 at least

http://www.dashnation.com/video/d10e-live-stream-starting-july-19th-2016/



1:32:00

thank you Dash Nation  

Edit : this is really just an audio feed for now, i'm sure we get a more upclose presentation video later on

wow 
mcafee is one of the few tech personalities i really like and agree with (most of times), his appreciation for dash confirms i was not wrong