Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1211. (Read 9723787 times)

There's a specific quote I'm thinking of, where he sees us going down the same road as Bitcoin, CPU, GPU, then ASIC. I'm curious if his stance has changed. I think it gives us a cachet in the crypto world, where companies spend big money to expand the Dash ecosytem, although in a limited way.

I haven't given it a lot of thought, but with a tiered network, does mining centralization pose as big a threat to Dash as to other coins? Masternodes seem to wield the power here. Unlike Bitcoin devs, Evan is willing to cut off old nodes during an upgrade (like to 0.12, I think), which would tame rouge or overly-conservative miners who didn't want to change because of some controversial feature in a new client. Just thinking out loud

Edit: ddlink7 thanks for the quote, very interesting!

so asics doesn't end in more mining centralisation for dash?
Edit: i know that every pow coin has this problem, but hey, we have evan. We could do this in a better way.

so asics doesn't end in more mining centralisation for dash?
Edit: i know that every pow coin has this problem, but hey, we have evan. We could do this in a better way.

Another very important point to make about the Satoshi Roundtable was the very large issue with mining centralization in the Bitcoin space. When Satoshi originally invented Bitcoin, he did not anticipate the excessive mining centralization that has become a dominant force in the Bitcoin space. Due to this, we now have a small group of people that literally control the protocol consensus and their short term interests may be in conflict with the long term interests of other stakeholders, industry, users, etc. We definitely do not want our ecosystem to follow the same failed course and we definitely would have under the pooled ASIC mining paradigm. This is mainly because there are differences in efficiency that a miner can gain depending on where they live, which can give a huge advantage when their higher investment returns are compounded. Efficiencies such as cheaper labor, cheap or free electricity and even withholding newer advanced ASICs for their own mining operations, then selling them after they become less effective. After many iterations of these phenomenon in BTC we have come to a situation where the ones who have access to these advantages effectively control Bitcoin.

After hours of discussions, we believe we have found the solution to the unfair mining advantages that produce centralization around certain jurisdictions that control the production of ASICS. We will be releasing much more information about this soon, but are feverishly working on this project for v12.1. We’re going to be releasing much more information about this in the coming weeks; it’s going to be a giant advantage for the Dash project.

any ideas how evan could handle the asics problem?

Yes, Bitsquare is a full decentralized exchange and accepts DASH.

You can dowload here: https://bitsquare.io

Inching closer. BitSquare in pre-release on Github now: https://github.com/bitsquare/bitsquare/releases/tag/v0.3.6

It's one I have not been following. Anyone trying it? Is it DASH-friendly?

it's been spotted in beta along with ETH.

Dash 1-Week candle.

The thing I notice about this revaluation is that it's hundreds of 2 and 3 figure buys. Unlike the last two where buying was more frantic - I remember in 2014 and 2015, 50 and 100 BTC shots being thrown into the market, then much of it came back out during the profit take, albeit leaving behind a higher floor.

This is a much more sedate revaluation. High volume but moving up on granular Dash.

That is also consistent with the longer term charts which were showing that this was on the cards for a while. (i.e. the reval was already latent in the last few months trading, indicated by a shift in volume centre of gravity to the upside).

Dash markets will now be liquid again because (thanks to the higher price) we now have twice the BTC and $USD liquidity for the same Dash volume that there was a few months ago.

On top of all that, it's coming at no expense in terms of nodecount. The network is slowly heading towards 4000 nodes. Even if there's a retrace in the market, that will only push more of the supply into reserve. (Speaking of which, I'll need to update my graphic. It's already out of date   )

All round a very healthy outlook.



P.S. One more thing: The bitcoin-$USD price is holding up. This is good ! It indicates that it's a Dash strength rather than a Bitcoin weakness - i.e. the gain in the DASH/BTC market is not offset by a loss in the BTC/$USD market.

Dash 1-Week candle.

The thing I notice about this revaluation is that it's hundreds of 2 and 3 figure buys. Unlike the last two where buying was more frantic - I remember in 2014 and 2015, 50 and 100 BTC shots being thrown into the market, then much of it came back out during the profit take, albeit leaving behind a higher floor.

...

On top of all that, it's coming at no expense in terms of nodecount. The network is slowly heading towards 4000 nodes. Even if there's a retrace in the market, that will only push more of the supply into reserve. (Speaking of which, I'll need to update my graphic. It's already out of date   )

...

P.S. One more thing: The bitcoin-$USD price is holding up. This is good ! It indicates that it's a Dash strength rather than a Bitcoin weakness - i.e. the gain in the DASH/BTC market is not offset by a loss in the BTC/$USD market.

A sign of success. New regs in Europe coming to clamp down on bitcoin anonymous gateways. You're going to have to give a scan of your passport to the exchange to buy bitcoin.

Decentralised exchanges here we come.

http://www.altcointoday.com/no-anonymous-option-european-bitcoin-users/

Why would Bitfinex, who've added and removed dash, re-add dash to their exchange?

I recently used some MN earnings to throw some coin at the Lisk IPO, which I would classify as a special situation. I'm a hodler and normally don't look for opportunities to sell. I agree the volume is still low compared to peers, but it has always been historically low. Something like a Bitfinex announcement could do wonders for improving Dash's volume.

I think the fact that so few people are selling, is leading me to believe we're far too under priced at the moment.

Lack of volume was leading me to believe we were overpriced, but unlike other alt coins we've increased and sustained irrespective of the others.

0.015 ... now it's 0.01535.

Crushing shorts has never felt so good lol, I'm just concerned about the lack of volume still.

How many coins has Dash seen rise and fall? Throughout all of the reckless volitility around it, Dash remains stable, with incremental gain after incremental gain. Because of the dual-market stabilizing effect, this really is a great project for investors.

You can listen to the owner of the ROKOS project now on the Dash Roundtable Podcast live.  Nmarley is also going to talk about the woocommerce plugin project.

http://dashroundtable.org/episodes/ep01/

Dash Round Table Episode 01 - We Interview Oktoshi proposer of intergration of DASH into ROKOS. We also interview Nathan Marley, proposer of the WooCommerce DASH plugin.