Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1229. (Read 9723787 times)

Looking for a Seedbox? Solid provider www.seedstuff.ca is now accepting Dash!

https://twitter.com/seedstuff/status/709083210643324928

Fantastic! Blog worthy, I would say.

New on Dash Nation Blogs:

Tek Tok: Ethereum a Dash Crowbar?

https://www.rebelmouse.com/dashnation/tek-tok-1659976003.html

Basically all of the above I would have thought.

The thing is, the Dash/Bitcoin ratio benefits from any diversification out of Bitcoin. There will be a lot more bitcoin "floating about" than there was before because this Ether rise has rattled a lot of big holders and they've finally been forced to hedge into an alt coin. I've been in that market quite a lot lately and the trades have been huge - 50 and 100 BTC shots just getting thrown at it at a time. Always the same pattern - going flat, nobody buying until the first pump then everyone piles in. FOMO in its purest form (albeit the valuation may well be justified from many perspectives).

I think probably what will happen is that Ether takes a bit of a dump then stabilises at some new valuation while profits get taken and either ploughed back to bitcoin, other alt coins and cashed out to fiat (which will have an adverse effect on bitcoin's $USD price).

I can't see any negative scenarios for Dash in all of this. It's got so much more upside because of it's tiny marketcap ratio with BTC. It has been "cooking" for a while but just needed a bit of a spark to get the tinder going.


I don't see that factoring significantly at all. Most will not be at a loss - unless they totally panic bought at the all time highs. Even if there was a bit of that, the amount BTC floating around looking for a new home will dwarf it. I see all the alts benefiting - at least for a while, but in particular Dash due to its close cousin relationship with bitcoin and progress in fundamentals that were yet to be priced in.

Dash became a pretty solid investment imho.

@Toknormal:

Would you speculate for me?

I'm assuming that as long as Ethereum maintains its extremely high valuation, people will continue to take profits and diversify into Dash. What do you think?

I'm extremely interested in what you think will happen during the inevitable Ethereum crash. Will people yank their money as it tanks and invest in Dash? Will people pull money out of Dash in order to make up their losses on Ethereum? The FOMO crowd is going to be in trouble no matter what, but what about folks who invested at a much lower valuation--will they take their profits and diversify into other alts, or will they stick everything back in the "stable" Bitcoin?

Just curious on your thoughts...obviously nobody has a crystal ball, but I'll take good analysis any day!

7 Livecoin DASH/USD $ 11,887 $ 6.49  

weeeww...

i just realize i hold some i0coin worth of masternode if the price is true LOL...
but no one bid at that price 

BTC38   DASH/BTC     $ 50,553
http://coinmarketcap.com/currencies/dash/#markets

Looks like China has woken up  .....

0.01480
0.01450
买1价(BTC)
0.01480
卖1价(BTC)
7689
24H成交量(DASH)
104.378
24H成交额(BTC)
+17.4%
24H涨跌幅

i agree, great summary Toknormal.

thanks

thanks for investigating, i noticed the "we have been a coin for 4 years" too on their website and was indeed wondering.

@tok, great stuff, thanks for that. 

Only thing I'm not convinced about is the awareness/appreciation/faith in the masternode deal.
However, as you say, so far....

lets see.

After looking into it, it seems their marketcap is based off 1 transaction!

https://www.cryptopia.co.nz/Exchange?market=I0C_BTC

The problem with such a lack of volume, and a coin saying 99% of its supply it out, and has been a coin for 4 years, telling us we should trust them with one transaction and a 20 page bitcointalk forum, is insane...

https://bitcointalksearch.org/topic/m.14184221

This explains it...

some interesting stuff to read :

Dynamic minimum transaction fees and negative transaction fees

https://bitcointalksearch.org/topic/dynamic-minimum-transaction-fees-and-negative-transaction-fees-1376051
http://jurewicz.org.pl/en/blog/2016/02/24/dynamic-minimum-transaction-fees/

i was following Dash v12.1 on github and noticed the transaction fee changes in there and thought maybe this paper
could be relevant (or not). This is more like a FYI to be honest.
 

Sorry - didn't mean to be cryptic. It's just that it's all quite an exciting show. I'll try to summarise my take on everything which all started with the great blockchain debate.

1. Blockchain Debate

People seem to  be really rattled by blockstream/core's intransigence over the blocksize debate. They're sticking to their guns because they really have committed to this "clearing layer" thing and if they increase the blockchain's native scaling capacity it will kind of blurr that metaphor.

Meanwhile the blocks fill up and you get people tweeting about these mega delays. Even THAT can't be agreed upon as to whether it's problem or not because:

A] core say "nothing to see here -just pay a higher fee and it'll go through in 20 minutes".
B] people say "bug off" it's our blockchain too and we want it to scale natively

Core is composed largely of academic, deep thinker type people. They like to move slowly but can be subject to tunnel vision that prevents them from detecting an oncoming steamroller at 50 yards range and now the markets are starting to speak.

Bitcoin didn't rally as was expected (at least looking at charts). Ethereum is going absolutely ballistic even though it really shouldn't (by design - more about that below). This is pouring more salt into the wounds of an already fissured developer and commercial community. People (like the guy below and even Max Keiser) are actually starting to talk about an alternative to bitcoin for the first time since the rise of Litecoin.

Some of the more extreme voices who's noses are out of joint beyond repair by core's policies even say that "bitcoin is done" and core destroyed it...such as this guy who's quite a well known blogger in the sphere:

(Warning: he did also say that he thought Vertcoin was going to be "the one" back in the day. I'm just using Seaman for symbolic purposes as he made a comment that bitcoin holders would be "sweeping the floors at Best Western" or similar - since deleted    ).



2. The Catch that not many of the FOMO people seem to understand:

The creators of Ethereum did not envisage it as a store of value token and gave it a humungous great emission rate to make people not hold but use it to create blockchain businesses instead. The ANNUAL emission rate is something like a third of all the IPO coins issued which was around 60 million. Right now, market says "I don't care, I'm buying" but when the pump's done, holding it won't be too great an option because it needs to devalue 28% every year just to maintain its marketcap.

So what will happen (it's happening already) ? Investors will do one of 3 things:

1. Dump their profits into a so called "bearer token" currency (where the token IS the asset as opposed to just a contract for an asset). That means Bitcoin or Dash, which is already getting a load of this waterfall and is potentially even more attractive than Bitcoin due to (A) if its "reserve market" and (B) because it natively addresses all the issues that bitcoin isn't

2. Use it to build businesses

3. Watch their Ether values plummet against Bitcoin over the course of a year or two


3. Conclusion & Implications for Dash

Thats why I see the whole Ethereum phenomenon as great for Dash. Dash is probably too small to have prised open the "bitcoin may not be the only one" fissures on its own, but Ethereum has now done it for us. Secondly, we see that Ethers have a totally different target market. Profits will be taken and a lot of them are going to be ploughed into Dash masternodes. It's just too competitive an investment opportunity which is why the nodecount and price are positively correlated right now instead of negatively as they would be long term.

Hopefully that explains my "crowbar" metaphor ! The one that finally prises free large amounts of capital out of bitcoin holder's aged hands - now free-floating and up for grabs, especially in the long term by any "bearer token" coin that happens to find itself in the top-5 currencies  

For more background see this interview with Simon Dixon.

Also, click the bottom graphic for link to source text.





 

i will leave the ASIC miner remark to those with more experience (although i do exspect there were blocks in the past that had longer block confirmation time long
before ASIC miners got involved).

My eye fell upon something else : http://coinmarketcap.com/



Will IOCoin reach the iosphere or will gravity catch up ? and will the questionmark ever get resolved ? stay tuned

I created an account just to say we should consider the ASIC miners, and their potential impact to odd blocks. Seems like this 17 minute block differential was one of the larger lapses, with another large lapse just happened afterwards with 9 minutes between blocks.

it is strange that some transactions take less time (a few minutes) and some take much longer.
block 435410 does contain a lot more transactions (19) then other blocks, maybe that got something to do with it ?
or maybe because the difficulty spiked at block 435410 (difficulty 5332)

Yes but before that there was no block for 20 min.

https://chainz.cryptoid.info/dash/

2 minutes ago ?

edit : block 435410 took a bit longer indeed but its all running smooth again.