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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 108. (Read 9724017 times)

legendary
Activity: 3066
Merit: 1188

So far Ryan Taylor's plan to improve Dash Store of Value...seems to work as intended already.

What planet are you living on ?

In dollar terms it's barely clung on by its fingernails since the original presentation was made roughly a year ago. As far as the Satoshi price goes during the course of this year, any word that improves on "collapse" is being generous.

There is one slight glimmer of hope that may support your optimism. The long range Dash/USD seems to show accumulation against a flat price trace through-ought the year which would be consistent with your #pumpIsComing mantra and us possibly getting #washedUpByTheTide.

But Dash/BTC is abysmal and shows how little of that "tidal wave" we're capturing compared with our fully mined competitors. What I find discomforting about this whole philosophy is that you all seem to be looking for an exit pump. Desperate to get out and not interested in the long term health and growth of the coin.

legendary
Activity: 2548
Merit: 1245
Seems that almost 100% of Dash miners are OK with reducing their share of block reward.
http://178.254.23.111/~pub/16_adoption.png

Counterintuitiveness?

No, just miners and mining pools most likely seeing the bigger picture. We have already seen an increase in our number of active masternodes, that recently led to a new ATH (5007).

Link : http://178.254.23.111/~pub/masternode_count.png

Those new masternode operators most likely anticipated the upcoming change in Dash blockrewards (miners rewards -9% and masternodes rewards +9% over 4.5 years) and were responsible for buying up a part
of Dash circulating supply, in order to setup these new masternodes. Which may have caused reduced sell pressure on the Dash market.
 
So far Ryan Taylor's plan to improve Dash Store of Value by making masternodes more attractive to invest in, while at the same time addressing Dash expanding circulating supply problem (high supply inflation) for the next 5 years, seems to work as intended already. There is zero evidence of miners also setting up masternodes and zero evidence that a centralized masternode/miner combo is somehow responsible for the brutal 2 year long Dash bearmarket and the price decline that came with it. A brutal 2 year long bear market and price decline that of course not only hit Dash, but hit pretty much all the Altcoins. There is just a whole lot of assuming, blaming, wild accusations and opinions from certain people being thrown around in here, as usual.
legendary
Activity: 3066
Merit: 1188

Counterintuitiveness?

Hybrid mining. thunderjet already explained it. Dash protocol encourages it.

Increased MN reward therefore helps miner's profitability by lowering their aggregate difficulty.
member
Activity: 121
Merit: 10
Seems that almost 100% of Dash miners are OK with reducing their share of block reward.
http://178.254.23.111/~pub/16_adoption.png

Counterintuitiveness?
member
Activity: 274
Merit: 10
toknormal : confuses his personal assumptions about competitive mining (which he often accompany with decorative pictures), for facts. They are not. They are just assumptions that have big holes in them.
I consider his assumptions invalid and going directly against everything this Dash crypto project stands for. He made a number of negative comments about Dash, with the latest that Dash price is in a death spiral
and not in a bear market.
 
thunderjet : his posts consists of nothing more then baseless assumptions, missing any evidence that points to miners somehow also being involved with masternodes. His posts are unsubstantiated and contain little value.
He made a number of negative comments about Dash (Dash coin wealth distribution would somehow be centralized without providing any evidence, just personal opinions and assumptions).
He is not even invested in Dash (80 Dash in 2017 and sold) and stated that the Dash price is getting dumped to oblivion, due to centralization.  

The market is directly contradicting what these two persons assume about the Dash market and the Dash price. Whenever the Dash market is showing signs of moving out of the bear market, then just think of these two persons and how very wrong they really were with their market assumptions and opinions.

 
With all due respect - you have been very kind to the doubts that I have raised in the thread and I do not want to you takes this post as an attempt at contempt, since it is not, nor would I want it to seem a lack of cordiality on my part -. It's a bit tedious and extra work to have to highlight this point ... but hopefully it helps digest the following without sterile "personal noise".

It is normal for any approach to have cracks and it is not presented as an absolute truth that holds the seven keys of wisdom. Totally disavowing approaches whose direction, partially, may be well oriented only indicates a flagrant imbalance: That the failures of these approaches are more suited to the interest of those who disavow than the successes of those same approaches (which, of course, those who try to disavow , does not give the same value because they are only "partially" correct).

The fallacy is the following: A partial error in an approach makes it useless ... but a partial success does not make it admirable (only if it supports own thesis, of course ). It is simply, essentially, unbalanced.

What indicates a failure in a reasoned and well-argued approach is that this specific extension on the original thesis is wrong (so it is necessary to return to the "mainstream path" of that credited approach and continue to evolve). If specific errors overruled a general approach, DASH - which by the way, fails in absolutely essential points at record levels - would be in the garbage can within two days of its launch. And these continuously repeated failures, and at enormous intensity in DASH ... do not serve you, however, to disavow "the whole". I repeat, it is not balanced.

On the other hand, you refer to the market (almost all of us often do) as the high priest of economic reason ... and that argument of authority is more than questionable in a global market deeply distorted by the infinite fiat (of whose scam BTC is starting to be one of the biggest catalysts).

The first thing that DASH must do is protect itself against the speculative agents that manipulate "Saint Market". As long as it does not, the clash of ideas at the level of community members ... and, worse, the sterility of the project, will be constant. The solution for DASH is structural ... and the debate, absolutely conceptual, essential and basic (return to the commented "mainstream path" - the correct central route of its own approach -). Any exhibition will fail, both to despise the project and to make it sacred, at the level of nuances ... simply because no non-structural approach will lead to a constant succession of correct results.

The market is simply infected and does not "bless" anything...is only a really fucking trash can. Without facing that infection, no project will progress with self-sufficiency in ownership of its own future and prosperity. The good news is that DASH, by design, is a good antidote to that infection. For my part, I will try to orient my interventions in that sense (which I believe is the most valid for a positive and self-sufficient course of the project - in fact, although i read diferent interesting nuances, i do not see any other determining factor for it ... perhaps the DIF, but not with stability, since it depends on its investor success and is therefore a speculative resource -. A scenario that DASH, with its current course, is far from reaching, despite having an ideal design for it, i insist -). As long as DASH does not confront its current position and straighten its course shielding its wealth in a DISTORTED market, nothing will change. Everything else will be a clash of opposing nuances doomed to the distraction and triumph of the global monetary scam (which, I am sorry to disappoint the idealists, is as present in crypto - indeed, exponentially amplified - as in any other sector).
legendary
Activity: 2548
Merit: 1245
i hold 20 dash from 2018 and i don't think in sell, but other week i have see Binance Earn, pay 7.39% yearly (for lend my dash for 30 days) and 9.11% for lend for 60 day.
Anybody use this service, i think is really a good opportunity to have at least a minimum profit from my dash

If you are talking about locked savings / lending, i feel confidant that the percentages could be worth it.
I am not so sure about locked staking, i need to do some more research there.

Locked Savings : https://www.binance.com/en/lending#lending-fixeddeposits --> https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb
Locked Staking : https://www.binance.com/en/pos --> https://academy.binance.com/en/articles/what-is-staking

Below explains why certain duration options (or all duration options or even specific crypto coins) with locked savings / lending are unavailable sometimes :

Quote
Subscriptions will close on a certain product once the maximum limit is reached.
Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
Source : https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb-DASH-Added-to-Customizable-Locked-Savings-on-Binance

I have a feeling that the locked savings / lending option are at times less available to users, then the locked staking option. Also i am not totally sure anymore about the max amount to stake with locked staking.
I thought i saw 50 Dash as max amount to stake with earlier, but more recent i saw 500 Dash as max amount to stake with. Maybe i saw it wrong before, or maybe Binance raised the max amount of Dash to stake with.

Just be aware that having funds on an exchange for a long time poses risks. Although Binance is a very large internationally operating exchange, that should by now have good security against hackers.
legendary
Activity: 2548
Merit: 1245

Source : https://cryptowat.ch/charts/BINANCE:DASH-USDT?period=1d

How far will the Dash price go up, now that the Dash price is moving away from its support level and Bitcoin price ($16,245) is rising as well ?
Stay tuned and be prepared for more price volatility.
sr. member
Activity: 916
Merit: 312
Historical data about masternode number shows complete correlation with dumping of some masternodes coins during bull run and rebuying after it. It cant be more obvious,but if you choose not to see than it is your choice and talking about it becomes futile.

There is no assumptions.Masternodes number fell just 12% during bull run,it is a fact. 12% owners sold coins,others 88% not. Your assumtion is that 88% are some unbeliveably stupid, crazy rich people who are so stupid not to profit when price of coins went up 100x and more? Maybe there are few of them,but overwhelming majority of people which made a lot of money are far from stupid.

I dont know if it is a conspiracy or not,but I know that DASH mining is deeply unprofitable for a long time if you are not running masternodes too. Also,all decisions by DASH team were in direction to remove ordinary miners from mining DASH and despite mining is so unprofitable ,they are continuing with decisions which will make it even more unprofitable. That is no make any sense,except if they are directly supporting system where big masternode owners take control over mining too.

What masternode owner have to mine DASH over anyone else? - Well, everything. Large masternode owner will take complete control of coin by controling masternode network and mining operations.He can mine coins below any price(50% lesser) ordinary miners can. On such way he can manipulate market with no problem,by selling coins to push price almost to 0 or to stop selling if he wants to push price up.He has not to fear what will miners do during the pump,when will they dump theirs coins or save them. He also has not to fear from pushing price too low, which can cause miners to shutdown mining and endanger network.Due to reward of 50% free coins with 0 cost and mining control,he can dump coins as long as he wants,until he sinks all other investors and miners, by pushing price to almost 0,forcing them to sell with huge losses.

- Controling masternode network,

- Controling mining operations and supply

From two things above, control of market ,price and coin itself by removing any competition and uncertainity from miners or investors side is a inevitable consequence.

That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.

Only problem is to push demand by finding enough fools to buy 0 cost coins for a price as high as possible,when the time of pump comes and dump hard on them later.That is why we have so much false positive news and false positive opinions on forums, trying to make hype as big as possible, counting on stupidity and greed of unexperienced newbies.

You're talking about stuff that any whale does for any coin. You fancy yourself a detective that has somehow discovered something based on a whole lot of assumptions just so you can pat yourself on the back in pride that you are so knowledgeable. You must be rich but then why would you be here? I've made no assumptions. I didn't say 12% sold and 88% did not. This is your assumption. You also base your opinion only on net masternode count changes, not as they happen. You don't consider OTC markets. You don't even consider coins not dedicated to masternode collateral. You make assumptions that if a new masternode was setup that those 1000 coins must have just been bought and if a masternode comes down, then the 1000 coins must have been immediately sold.

I didn't call anyone stupid. You did. You called people like toknormal stupid for not selling at the last ATH. I'm more sympathetic. It's human nature to get caught up in the euphoria and not take profit when one should. Most do not do well in markets... many studies show much less than 10% have the emotional fortitude to buy when everyone is crying (hint: like now) and sell when everyone is celebrating.

You still haven't completely answered the question. Why would a masternode owner continue to mine DASH if it's not profitable? Why wouldn't they mine XMR? Why wouldn't they buy more DASH than what they could mine for cheaper? Then they could control and have even more masternodes, no? What advantage are they really gaining by also mining DASH. They already have the power to push the price lower than is affordable for a DASH miner to be profitable at. And what if your theory happens to be correct? What if some masternode owners are actually also mining and inefficiently achieving the goals you claim they are when they could do it far cheaper? What then? What does that change? You think BTC has not been manipulated by very large holders since it was created?

Institutional investors are buying DASH. There's a reason it's on Coinbase. There are public companies trading on major stock exchanges that have invested in DASH.

Although DASH is only in the top 30, it has far more worldwide exposure than many of the coins ahead of it on CMC. Time will tell but it seems to me 2021 is going to be sweet.





Iam not some  "fancy detective" and only "pride" I got from mine involvement was a pile of insults.I told you - all data about masternodes are facts and if you look at chart you can see 100% time correlation between masternode numbers huge drop and bull run.Sure,same masternode owners sold theirs coins on OTC market ,so what? That did not change the fact they sold them for a huge profit during bull run.You told me that if they closed theirs masternodes,that does not mean they sold coins.So,tell me the reason why would few hundered masternode owners suddenly stopped theirs masternodes during bull run?  To stay without profit from running them and keep coins in theirs wallets in the time when price goes 100x up? Really?

About "stupid" people - Yes ,some people did not sell theirs coins during last bull run.Iam sure they regret it deeply now,but even the smartest people can make bad or stupid decisions sometimes.If you run masternode,it is different situation.You earned enough money to pay off yours investment many times,but not as much as you could if you sold coins during bull run and rebuy them later.It is more like business decision - you think that you can earn more on the long run,but only time will tell you if you are right or not. You can afford yourself some gambling if you already paid off yours investment many times.

Why would a masternode owner continue to mine DASH if it's not profitable? - It is not profitable for ordinary miners,not for them.If you are a large holder,you will want to control market as much as you can.By controling network and mining you will achieve full control of network and market.If you are not control mining ,you have to be very carefull not to endanger network with pushing the price far below miners break even point.Getting 50% of mined coins at 0 cost put you in favourite position to eliminate ordinary miners,control supply completely and push the price so low that you can crush remaining investors with ease while preserving coins network.Absolute,unlimited power.








Large holders will always want to manipulate any coin as much as they can.But if you control mining and network it is far more easier and cheaper.

I did not find any evidence that institutional investors are buying or bought DASH.Trading on Coinbase is not evidence.It would be great if it is true.


legendary
Activity: 2548
Merit: 1245
toknormal : confuses his personal assumptions about competitive mining (which he often accompany with decorative pictures), for facts. They are not. They are just assumptions that have big holes in them.
I consider his assumptions invalid and going directly against everything this Dash crypto project stands for. He made a number of negative comments about Dash, with the latest that Dash price is in a death spiral
and not in a bear market.
 
thunderjet : his posts consists of nothing more then baseless assumptions, missing any evidence that points to miners somehow also being involved with masternodes. His posts are unsubstantiated and contain little value.
He made a number of negative comments about Dash (Dash coin wealth distribution would somehow be centralized without providing any evidence, just personal opinions and assumptions).
He is not even invested in Dash (80 Dash in 2017 and sold) and stated that the Dash price is getting dumped to oblivion, due to centralization.  

The market is directly contradicting what these two persons assume about the Dash market and the Dash price. Whenever the Dash market is showing signs of moving out of the bear market, then just think of these two persons and how very wrong they really were with their market assumptions and opinions.
legendary
Activity: 2156
Merit: 1082
i hold 20 dash from 2018 and i don't think in sell, but other week i have see Binance Earn, pay 7.39% yearly (for lend my dash for 30 days) and 9.11% for lend for 60 day.
Anybody use this service, i think is really a good opportunity to have at least a minimum profit from my dash
legendary
Activity: 3066
Merit: 1188

Has proof been provided? How come I don't see it?

Blindness ?
member
Activity: 319
Merit: 29
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member
Activity: 264
Merit: 22

You still haven't completely answered the question. Why would a masternode owner continue to mine DASH if it's not profitable?

Yes he did, and so did I.

The reason this is more favourable to the Dash Miner/masternode combo than, say [Other Coin Miner]/Dash Masternode combo is because it optimises Dash coin accumulation which can go towards masternodes and further reduce the effective difficulty. (In the examples below, nearly 3 nodes are acquired by the mining equipment break even point. In the non-hybrid example they're all from mining reward which turns that operation into a de-facto hybrid one anyway if they are held).

Re. this point:

And what if your theory happens to be correct? What if some masternode owners are actually also mining and inefficiently achieving the goals you claim they are when they could do it far cheaper? What then? What does that change?

What is changes is that Dash drops chronically in marketcap ranking since mining is subsidised by its own blockchain while in other (100% mined) coins it isn't subsidised at all. The entire capital that's invested in mining has to come from outside of the ecosystem which is why their blockchains are healthy while ours is atrophying by comparison.

I remind you of the quantified version since you asked for "proof" in your last post:



Has proof been provided? How come I don't see it? Can someone else besides toknormal or thunderjet vouch for what they're saying? Can a masternode owner chime in and let everyone know that they are also mining DASH?

So you're saying masternode owners that are also mining DASH has caused the DASH bear market coincidentally the same time the rest of crypto went into a bear market? Or maybe you're saying that masternode owners who also mine DASH caused the entire crypto bear market? Did these same Dash masternode owners/miners cause the 10% DASH price increase yesterday as well? What percentage of the masternode owners do you imagine are also mining DASH to cause DASH to chronically drop in marketcap rankings? By chronically dropping do mean DASH dropping to as low as what, 32nd, maybe 33rd, and now slowly climbing back up? Do you consider a stable coin backed by fiat as a better investment because it has a higher marketcap than a crypto with a lower marketcap?

Non-rhetorical question here: Are there any cryptos profitable to mine during their own bear market? DASH is still in a bear market. Almost all the POW coins you keep bringing up are not. Maybe miners understand market cycles enough to know that if they can suffer thru bear markets they'll be more than rewarded during bull markets?

Another question: Where exactly did you answer the question about why someone would do something more costly that could be done more cheaply?

PS: BTC above $16200 and LTC below 370000 satoshis now... getting closer. Toknormal, do yourself and everyone else here a favor, take profit this time...
legendary
Activity: 3066
Merit: 1188

You still haven't completely answered the question. Why would a masternode owner continue to mine DASH if it's not profitable?

Yes he did, and so did I.

The reason this is more favourable to the Dash Miner/masternode combo than, say [Other Coin Miner]/Dash Masternode combo is because it optimises Dash coin accumulation which can go towards masternodes and further reduce the effective difficulty. (In the examples below, nearly 3 nodes are acquired by the mining equipment break even point. In the non-hybrid example they're all from mining reward which turns that operation into a de-facto hybrid one anyway if they are held).

Re. this point:

And what if your theory happens to be correct? What if some masternode owners are actually also mining and inefficiently achieving the goals you claim they are when they could do it far cheaper? What then? What does that change?

What it changes is that Dash drops chronically in marketcap ranking since mining is subsidised by its own blockchain while in other (100% mined) coins it isn't subsidised at all. The entire capital that's invested in mining has to come from outside of the ecosystem which is why their blockchains are healthy while ours is atrophying by comparison.

I remind you of the quantified version since you asked for "proof" in your last post:

member
Activity: 264
Merit: 22
Historical data about masternode number shows complete correlation with dumping of some masternodes coins during bull run and rebuying after it. It cant be more obvious,but if you choose not to see than it is your choice and talking about it becomes futile.

There is no assumptions.Masternodes number fell just 12% during bull run,it is a fact. 12% owners sold coins,others 88% not. Your assumtion is that 88% are some unbeliveably stupid, crazy rich people who are so stupid not to profit when price of coins went up 100x and more? Maybe there are few of them,but overwhelming majority of people which made a lot of money are far from stupid.

I dont know if it is a conspiracy or not,but I know that DASH mining is deeply unprofitable for a long time if you are not running masternodes too. Also,all decisions by DASH team were in direction to remove ordinary miners from mining DASH and despite mining is so unprofitable ,they are continuing with decisions which will make it even more unprofitable. That is no make any sense,except if they are directly supporting system where big masternode owners take control over mining too.

What masternode owner have to mine DASH over anyone else? - Well, everything. Large masternode owner will take complete control of coin by controling masternode network and mining operations.He can mine coins below any price(50% lesser) ordinary miners can. On such way he can manipulate market with no problem,by selling coins to push price almost to 0 or to stop selling if he wants to push price up.He has not to fear what will miners do during the pump,when will they dump theirs coins or save them. He also has not to fear from pushing price too low, which can cause miners to shutdown mining and endanger network.Due to reward of 50% free coins with 0 cost and mining control,he can dump coins as long as he wants,until he sinks all other investors and miners, by pushing price to almost 0,forcing them to sell with huge losses.

- Controling masternode network,

- Controling mining operations and supply

From two things above, control of market ,price and coin itself by removing any competition and uncertainity from miners or investors side is a inevitable consequence.

That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.

Only problem is to push demand by finding enough fools to buy 0 cost coins for a price as high as possible,when the time of pump comes and dump hard on them later.That is why we have so much false positive news and false positive opinions on forums, trying to make hype as big as possible, counting on stupidity and greed of unexperienced newbies.

You're talking about stuff that any whale does for any coin. You fancy yourself a detective that has somehow discovered something based on a whole lot of assumptions just so you can pat yourself on the back in pride that you are so knowledgeable. You must be rich but then why would you be here? I've made no assumptions. I didn't say 12% sold and 88% did not. This is your assumption. You also base your opinion only on net masternode count changes, not as they happen. You don't consider OTC markets. You don't even consider coins not dedicated to masternode collateral. You make assumptions that if a new masternode was setup that those 1000 coins must have just been bought and if a masternode comes down, then the 1000 coins must have been immediately sold.

I didn't call anyone stupid. You did. You called people like toknormal stupid for not selling at the last ATH. I'm more sympathetic. It's human nature to get caught up in the euphoria and not take profit when one should. Most do not do well in markets... many studies show much less than 10% have the emotional fortitude to buy when everyone is crying (hint: like now) and sell when everyone is celebrating.

You still haven't completely answered the question. Why would a masternode owner continue to mine DASH if it's not profitable? Why wouldn't they mine XMR? Why wouldn't they buy more DASH than what they could mine for cheaper? Then they could control and have even more masternodes, no? What advantage are they really gaining by also mining DASH. They already have the power to push the price lower than is affordable for a DASH miner to be profitable at. And what if your theory happens to be correct? What if some masternode owners are actually also mining and inefficiently achieving the goals you claim they are when they could do it far cheaper? What then? What does that change? You think BTC has not been manipulated by very large holders since it was created?

Institutional investors are buying DASH. There's a reason it's on Coinbase. There are public companies trading on major stock exchanges that have invested in DASH.

Although DASH is only in the top 30, it has far more worldwide exposure than many of the coins ahead of it on CMC. Time will tell but it seems to me 2021 is going to be sweet.


legendary
Activity: 2548
Merit: 1245
Such overwhelming support from miners for v0.16.0 (which includes the blockreward allocation change to improve Dash Store of Value and address our problem with Dash Circulating Supply
still having a relatively high inflation percentage coming years).


Source : http://178.254.23.111/~pub/Dash/Dash_Info.html (V16.0 Adoption)

100% support, does that not just warm your heart ? It sure warms mine  Grin Also it does not happen that often, that miners update faster then masternode operators.
Talking about masternode operators, we currently have 79.3% of the masternodes on latest version and the total number of active masternodes are still pretty close to ATH (4979 of 5007).    


Source :

https://www.dashninja.pl/deterministic-masternodes.html
http://178.254.23.111/~pub/masternode_count.png



Pretty soon we will be one, once more. Without any unintentional forks like with Ethereum today (which endangered user funds, took down a majority of DeFi applications and caused Binance to pause Ethereum trading)  
Link : https://www.coindesk.com/ethereums-hard-fork-disruption

Soft/Hard Forks vs. 'Sporks': Evan Duffield Explains How Dash is Different
https://www.youtube.com/watch?v=rp-ebgbgK-M
Released Nov 2, 2016 (time sure flies by fast and a lot has changed since then, but the Dash sporks in essence have remained pretty much the same)


legendary
Activity: 3066
Merit: 1188

That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.

Excellent post. And see here for quantified examples of what he's talking about.
sr. member
Activity: 916
Merit: 312
4500 masternodes were established before 2017 bull run.During it,only about 12% sold theirs coins,despite price went up more than 100x. If DASH was truly decentralized,we would see a huge selling of masternode operators coins during the pump and later slowly rebuy.Not at one investor would miss such opportunity to earn 100x, except if you are the one who pump coin and cant dump on yourself.That was first major sign of highly centralized ownership.

Only 12%? Tell me, how did you figure that? Did you actually track all the masternodes as they were taken down to be sold? How do you know they were sold at all? How do you know if they weren't just moved to a new address?

Not one investor would miss such opportunity to earn 100x? Just in this thread I see more than a few Dash hodlers who held too long and did miss the opportunity to earn 100x. I get the distinct impression that toknormal and other disgruntled masternode owners didn't sell during the bull run and that is part of the bitterness they bring here now.

Now all the talk about which coin is more decentralized seems pointless.

Do you really think BTC is that decentralized? How many people in this world own any yet?


Simply, take a look at historic chart of DASH masternodes and you will see how much masternodes number fell during bull run.

Looking at the historical chart, I could determine that many new investors rushed in to set up masternodes. So your math is too simple.

Sure,some masternodes owners missed opportunity to sell theirs coins at 100x or more bigger price. But 88% is way too high percentage. People who invested so much money in running a large number of masternodes are not fools.

More than some missed out I believe. You continue to make conclusions based on assumptions. Why?

Most coins are more or less centralized.Problem with DASH is too much centralization which suffocates coin more and more :

Like I already asked... do you think BTC is decentralized? How many people in this world actually own some?

- 1000 coins condition for masternodes favourites big investors and inevitable led to further centralization. 50-100 coins threshold would be more appropriate if the goal was decentralization,

- 50% masternode reward is way too much for service they provide. Consequence is that large masternode operators due to such high reward got ability to eliminate ordinary miners,because 1 coin costs them 50% of what is cost for ordinary miner.That led to further centralization,making dangerous and unnatural union - big masternode owners are also the biggest miners,

- DASH mining became highly unprofitable,except if you are at the same time big masternode owner and the miner.As a response to this situation ,DASH team made decision to give even more coins to masternodes.That would make mining even more unprofitable and cause death of any POW coin.But ,in the case of DASH, mining operations are already in the hands of big masternode owners,so there is no such danger.This decision will just help them to put even more money in the pockets and make theirs grip on DASH even stronger.It is impossible that DASH team did all of that unintentionally.

To make citation from Ian Fleming Goldfinger: "Once is happenstance, twice is coincidence, the third time is enemy action."

Your whole masternodes running miners conspiracy is a bit comical. Again, what advantage does a masternode owner have to mine DASH over anyone else? Why can't a XMR miner mine DASH just as well? You're saying to control DASH? What does that even mean? Why not buy DASH on the open market or OTC for cheaper?



Historical data about masternode number shows complete correlation with dumping of some masternodes coins during bull run and rebuying after it. It cant be more obvious,but if you choose not to see than it is your choice and talking about it becomes futile.

There is no assumptions.Masternodes number fell just 12% during bull run,it is a fact. 12% owners sold coins,others 88% not. Your assumtion is that 88% are some unbeliveably stupid, crazy rich people who are so stupid not to profit when price of coins went up 100x and more? Maybe there are few of them,but overwhelming majority of people which made a lot of money are far from stupid.

I dont know if it is a conspiracy or not,but I know that DASH mining is deeply unprofitable for a long time if you are not running masternodes too. Also,all decisions by DASH team were in direction to remove ordinary miners from mining DASH and despite mining is so unprofitable ,they are continuing with decisions which will make it even more unprofitable. That is no make any sense,except if they are directly supporting system where big masternode owners take control over mining too.

What masternode owner have to mine DASH over anyone else? - Well, everything. Large masternode owner will take complete control of coin by controling masternode network and mining operations.He can mine coins below any price(50% lesser) ordinary miners can. On such way he can manipulate market with no problem,by selling coins to push price almost to 0 or to stop selling if he wants to push price up.He has not to fear what will miners do during the pump,when will they dump theirs coins or save them. He also has not to fear from pushing price too low, which can cause miners to shutdown mining and endanger network.Due to reward of 50% free coins with 0 cost and mining control,he can dump coins as long as he wants,until he sinks all other investors and miners, by pushing price to almost 0,forcing them to sell with huge losses.

- Controling masternode network,

- Controling mining operations and supply

From two things above, control of market ,price and coin itself by removing any competition and uncertainity from miners or investors side is a inevitable consequence.

That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.

Only problem is to push demand by finding enough fools to buy 0 cost coins for a price as high as possible,when the time of pump comes and dump hard on them later.That is why we have so much false positive news and false positive opinions on forums, trying to make hype as big as possible, counting on stupidity and greed of unexperienced newbies.



legendary
Activity: 2548
Merit: 1245
Crypto Exchange Platform ShapeShift Delists Privacy Coins Monero, Zcash and Dash to Reduce Regulatory Risk
https://coincodex.com/article/9912/crypto-exchange-platform-shapeshift-delists-privacy-coins-monero-zcash-and-dash-to-reduce-regulatory-risk/

Quote
* ShapeShift has delisted privacy coins Monero, Dash and Zcash
* According to the company's chief legal officer, the exchange is trying to reduce regulatory risk
* ShapeShift's move is unusual since US regulators haven't been cracking down on privacy coins

Quote
Monero is available for trading on Kraken, while Coinbase and Gemini users have access to Zcash. Gemini even received approval from the NYDFS to offer shielded (private) Zcash withdrawals to its clients.
Dash, which is generally not perceived as a privacy coin in the crypto community, is listed on several platforms.

This starts to feel like one step forward, two steps backward.
jr. member
Activity: 204
Merit: 1
Those who wanted to get rid of DASH and switch to Bitcoin have already done so.
Obviously, it is already dangerous to sell DASH, perhaps we will not see below 0.004350.
Even if we see it, the happy people who manage to buy so cheap)

How much profit can you get in the SHORT position? - Minimum, but there are very, very many risks.
How much profit can you get in a LONG position? -Maximum 0.09BTC
If Bitcoin reaches the price of $ 100,000, then the DASH price will be at least $ 435 (0.00435BTC). And for pumping about $ 9000

I read how you argue, prove, think.
Matimatika will do its job, it will take a coin from someone, add to someone)
I eat popcorn and wait in the wings to lock in 100X profit.

Good and profit to everyone!
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