Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1248. (Read 9723776 times)
March 04, 2016, 04:00:04 PM
oh dear, iCEY is talking to himself again. i just hope he doesn't start talking back to himself one day.
March 04, 2016, 03:54:28 PM
There is now a whole new generation of bitcoin whales, sitting on big profits from the Ethereum revaluation. Those profits are not doing anything at all. They are earning zip return. Nada.
I'd market it simply as a financial product
I'd market it simply as a financial product
I wouldn't say nowhere, I've put my ethereum profits into margin lending, and it's earning me a fair amount.
Although as someone with about a 1/4 stake in a pooled MN, I do agree
. Although the time it has taken me to earn 5 dash has been much longer than simply lending out BTC. I've already made enough in a month margin lending out 2BTC to buy 5dash than 2BTC in a dash MN would have made me in a month.I still don't deny that having a stake in an MN is awesome and as a former dash GPU miner (no point now since ASIC will destroy profits) I'm happy to have a constant stream of dash for the foreseeable future, but simply margin lending has given me more back than simply having a stake in a dash node. Obviously the return will be less stable since this past month there has been a substantial increase in alt trading and pumping, so effectively people selling shovels (i.e interest lending margin loans) are able to make a fair amount.
I'm not surprised toknormal's Masternode sales pitch is based on a blatant lie, which was trivial to disprove.
The reason lending BTC (and Dash) to margin traders pays more than Masternodes is simple.
Lending to margin traders is a useful service in The Real World, while Masternodes are just a pyramid scheme with crypto hype bolted on.
As to selling Masternodes as "a financial product" let's now discuss why the SEC/FinCen has thus far ignored the Dash MSB scam's plainly illegal behavior.
My vote is for "honey pot" or "too small to bother."
Any other ideas about why Evan gets away with something that would quickly land the rest of us in jail for selling unlicensed securities?
March 04, 2016, 03:10:40 PM
So I haven't used this since it was Darkcoin or w/e, do I just need to download the new wallet and pass the darkcoin wallet.dat file over for it to work?
If you don't have any DRK in the old wallet, you could just install fresh and abandon the old Darkcoin wallet. Really no need to preserve it unless you want the historical transactions. Otherwise, here is a guide to migrating your old wallet to Dash.https://dashtalk.org/threads/migrate-wallet-drk-dash.4540/
March 04, 2016, 02:34:43 PM
Hello guys
In the main page of https://www.dash.org/ there is a logo that says "Darkcoin foundation" ! Could someone fix it? Thanks (and cheers!
)
In the main page of https://www.dash.org/ there is a logo that says "Darkcoin foundation" ! Could someone fix it? Thanks (and cheers!
)It is still at this moment the Darkcoin Foundation. But thanks for pointing it out.
https://www.darkcoinfoundation.org
March 04, 2016, 12:27:43 PM
So I haven't used this since it was Darkcoin or w/e, do I just need to download the new wallet and pass the darkcoin wallet.dat file over for it to work?
https://dashtalk.org/threads/v12-release.5888/
Migrate (v11 - v12)
Created by tungfa on Jan 06, 2016
https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=20512825
or
backup your wallet.dat
grab latest Dash bootstrap here : https://github.com/UdjinM6/dash-bootstrap
grab latest Dash binaries from official source (https://www.dash.org/downloads/)
pass over your wallet.dat
start Dash with a -reindex
after syncing make a new backup
The installation folder will be focussed on dash btw, so no more darkcoin folder but dash folder.
also be informed that the syncing of the masternodes in the new wallet takes a bit longer, just give it time.
March 04, 2016, 12:21:21 PM
So I haven't used this since it was Darkcoin or w/e, do I just need to download the new wallet and pass the darkcoin wallet.dat file over for it to work?
March 04, 2016, 12:09:01 PM
Indeed, if the exchange goes on the blink, then I've lost it all. But then again in this way it's similar to hosted pooled MN services--counterparty risk. If they decide to take my dash and run, I can do shit all about it (unless there is some sort of governance model that is being used with multi-sig protection). Me trusting the exchange to not go under is similar to trusting the hosted Pooled MN service.
@Tok: Isn't holding and lending BTC an asset class in itself? With a dash MN you are essentially doing the same thing--loaning out your Dash to provide MN for the network, as well as enable InstantX.
@Tok: Isn't holding and lending BTC an asset class in itself? With a dash MN you are essentially doing the same thing--loaning out your Dash to provide MN for the network, as well as enable InstantX.
Yes, but there comes a point where such a market gets 'mature' enough for the loan to actually turn into an asset.
For example take government treasuries. That's basically a loan but you get a certificate in exchange for your money which is known as 'bond' (Treasury, not James). Over time those bonds became an asset in their own right and had a price which was independent of the loan amount. So bonds have returns and they can also be traded.
Cryptocurrencies will form a basis for such secondary markets in the future - it's just a question of time. But any source that is able to pay a return on such a 'loan' is fertile ground for it to start off from.
So if we follow the same model, Splawk would sell bonds in masternode collateral in exchange for Bitcoin, Dash or $USD. No crypto would have to change hands (in terms of moving stuff around the blockchain). The bonds would simply form a secondary market, have a fixed return which was denominated in Dash and trade on the open market at a price set by that market. The masternode collateral bond holders could rely on that fixed return and in turn would assume the exchange rate risk against any other currency (just as they do with dollar denominated, Swiss Franc denominated, Sterling denominated or Euro denominated treasuries).
Obviously there is counterparty risk. But there is in everything except base collateralising assets and a very small portion of the world holds those. So you've got to look at the broader market as mainly this type of "bond" market - not people with cryptocurrency wallets. 99% of the world's population are not interested in that and it's those 99% that we've got to be interested in, not the 1% crypto-geek market.
P.S. Another complimentary line of business which naturally springs to mind in this type of industry is an insurer to assume the default risk (counteraprty risk as you call it). Thats where the free market policing function would emerge from, making sure that vendors had mega security, were trustworthy etc. So to complete the picture, you'd buy your masternode collateral bond from Splawk and hedge it with a default swap from supplier X in who's interest it is to impose the most strictest of security standards on all their covered assets.
March 04, 2016, 12:01:01 PM
My initial thoughts are, there were absolutely zero delays in the shipping. I was actually surprised I got this thing from China as fast as I did! The most nerve wracking part was trying to convert the DASH to BTC to purchase this unit, especially in light of the issues BTC is having with confirmations (I got screwed on paying my vultr accounts because of it!).
I can't wait to get this thing fired up. The packaging was super tight, double banded around the box. Very impressed just receiving the unit!
I can't wait to get this thing fired up. The packaging was super tight, double banded around the box. Very impressed just receiving the unit!
Cool...how much was it?
2100 USD or at the time 4.48BTC
Thats actually pretty reasonable...and from what I'm reading...the ROI is pretty solid.
March 04, 2016, 11:02:36 AM
This is a good point, although one important consideration is level of risk. With margin lending, isn't there significant counterparty/exchange risk? If the site you're lending on goes Gox, then you've lost everything. Dash has price fluctuations, but I would think is more secure due to the lack of these risks.
When I said there weren't many places you could invest your holdings and get a return on them I was referring more to asset classes. But it's true you can always lend them out and get a return.
Indeed, if the exchange goes on the blink, then I've lost it all. But then again in this way it's similar to hosted pooled MN services--counterparty risk. If they decide to take my dash and run, I can do shit all about it (unless there is some sort of governance model that is being used with multi-sig protection). Me trusting the exchange to not go under is similar to trusting the hosted Pooled MN service.
@Tok: Isn't holding and lending BTC an asset class in itself? With a dash MN you are essentially doing the same thing--loaning out your Dash to provide MN for the network, as well as enable InstantX.
March 04, 2016, 10:18:55 AM
Hello guys
In the main page of https://www.dash.org/ there is a logo that says "Darkcoin foundation" ! Could someone fix it? Thanks (and cheers!)
In the main page of https://www.dash.org/ there is a logo that says "Darkcoin foundation" ! Could someone fix it? Thanks (and cheers!
)It is still at this moment the Darkcoin Foundation. But thanks for pointing it out.
https://www.darkcoinfoundation.org
March 04, 2016, 09:50:34 AM
Hello guys
In the main page of https://www.dash.org/ there is a logo that says "Darkcoin foundation" ! Could someone fix it? Thanks (and cheers!)
In the main page of https://www.dash.org/ there is a logo that says "Darkcoin foundation" ! Could someone fix it? Thanks (and cheers!
) March 04, 2016, 09:39:17 AM
This is a good point, although one important consideration is level of risk. With margin lending, isn't there significant counterparty/exchange risk? If the site you're lending on goes Gox, then you've lost everything. Dash has price fluctuations, but I would think is more secure due to the lack of these risks.
When I said there weren't many places you could invest your holdings and get a return on them I was referring more to asset classes. But it's true you can always lend them out and get a return.
March 04, 2016, 08:51:31 AM
******** Massive Opportunity for Operators of Pooled Masternode Services *********
I've lost track of who's running polled masternode services, but I think a huge window has just opened for them.
There is now a whole new generation of bitcoin whales, sitting on big profits from the Ethereum revaluation. Those profits are not doing anything at all. They are earning zip return. Nada.
Dash has a reserve currency market that pays a return. It seems an open goal to me since there isn't anywhere else they can put their funds that gets them such a high a return - no banks, no money markets, no bonds. (There are some POS coins - but quite high risk. Dash is getting a lower risk investment with every year that passes, especially at the current price).
It's no different from what hedge funds do - they put some of their holdings in risk assets and some in fixed income. Even in the fixed income sector they diversify - some $US treasuries, some corporate bonds, a small amount of junk bonds, some Swiss bonds, whatever.
The Dash reserve market is one of those (fixed income) destinations in crypto - currently just about the only one. The fact that the 'pooled masternode' services allow people to invest any amount at all is immense.
I'd say it may be perfect timing for a massive promo campaign.
I wouldn't market it as a masternode service. In fact I wouldn't even bother mentioning the word 'masternnode' other than in the contract text declaring where the funds are invested. (Think of it like a pension fund that invests in fixed income bonds of different types. They don't bother their clients with the specifics of the actual assets, just with what the guaranteed return is).
I'd market it simply as a financial product for cryptocurrencies. You could even do a bitcoin one if you can find a way to hedge the exchange risk.
I wouldn't say nowhere, I've put my ethereum profits into margin lending, and it's earning me a fair amount.
Although as someone with about a 1/4 stake in a pooled MN, I do agree
. Although the time it has taken me to earn 5 dash has been much longer than simply lending out BTC. I've already made enough in a month margin lending out 2BTC to buy 5dash than 2BTC in a dash MN would have made me in a month.I still don't deny that having a stake in an MN is awesome and as a former dash GPU miner (no point now since ASIC will destroy profits) I'm happy to have a constant stream of dash for the foreseeable future, but simply margin lending has given me more back than simply having a stake in a dash node. Obviously the return will be less stable since this past month there has been a substantial increase in alt trading and pumping, so effectively people selling shovels (i.e interest lending margin loans) are able to make a fair amount.
Just thought I'd add in my 2C
This is a good point, although one important consideration is level of risk. With margin lending, isn't there significant counterparty/exchange risk? If the site you're lending on goes Gox, then you've lost everything. Dash has price fluctuations, but I would think is more secure due to the lack of these risks.
March 04, 2016, 07:00:49 AM
******** Massive Opportunity for Operators of Pooled Masternode Services *********
I've lost track of who's running polled masternode services, but I think a huge window has just opened for them.
There is now a whole new generation of bitcoin whales, sitting on big profits from the Ethereum revaluation. Those profits are not doing anything at all. They are earning zip return. Nada.
Dash has a reserve currency market that pays a return. It seems an open goal to me since there isn't anywhere else they can put their funds that gets them such a high a return - no banks, no money markets, no bonds. (There are some POS coins - but quite high risk. Dash is getting a lower risk investment with every year that passes, especially at the current price).
It's no different from what hedge funds do - they put some of their holdings in risk assets and some in fixed income. Even in the fixed income sector they diversify - some $US treasuries, some corporate bonds, a small amount of junk bonds, some Swiss bonds, whatever.
The Dash reserve market is one of those (fixed income) destinations in crypto - currently just about the only one. The fact that the 'pooled masternode' services allow people to invest any amount at all is immense.
I'd say it may be perfect timing for a massive promo campaign.
I wouldn't market it as a masternode service. In fact I wouldn't even bother mentioning the word 'masternnode' other than in the contract text declaring where the funds are invested. (Think of it like a pension fund that invests in fixed income bonds of different types. They don't bother their clients with the specifics of the actual assets, just with what the guaranteed return is).
I'd market it simply as a financial product for cryptocurrencies. You could even do a bitcoin one if you can find a way to hedge the exchange risk.
I wouldn't say nowhere, I've put my ethereum profits into margin lending, and it's earning me a fair amount.
Although as someone with about a 1/4 stake in a pooled MN, I do agree
. Although the time it has taken me to earn 5 dash has been much longer than simply lending out BTC. I've already made enough in a month margin lending out 2BTC to buy 5dash than 2BTC in a dash MN would have made me in a month.I still don't deny that having a stake in an MN is awesome and as a former dash GPU miner (no point now since ASIC will destroy profits) I'm happy to have a constant stream of dash for the foreseeable future, but simply margin lending has given me more back than simply having a stake in a dash node. Obviously the return will be less stable since this past month there has been a substantial increase in alt trading and pumping, so effectively people selling shovels (i.e interest lending margin loans) are able to make a fair amount.
Just thought I'd add in my 2C
i hope you dont put too much btc in lending, for safety sake...
March 04, 2016, 06:18:44 AM
DASH looks like the pump and dump it has the weaker support
March 04, 2016, 06:10:15 AM
Seems like both Dash and Monero supporters are getting trolled by the whales this time because they're pumped at the same time. But which one is a pump and dump with an incoming crash and long stagnation afterwards and which one is a true revaluation with a higher stable price after?
March 04, 2016, 06:07:56 AM
******** Massive Opportunity for Operators of Pooled Masternode Services *********
I've lost track of who's running polled masternode services, but I think a huge window has just opened for them.
There is now a whole new generation of bitcoin whales, sitting on big profits from the Ethereum revaluation. Those profits are not doing anything at all. They are earning zip return. Nada.
Dash has a reserve currency market that pays a return. It seems an open goal to me since there isn't anywhere else they can put their funds that gets them such a high a return - no banks, no money markets, no bonds. (There are some POS coins - but quite high risk. Dash is getting a lower risk investment with every year that passes, especially at the current price).
It's no different from what hedge funds do - they put some of their holdings in risk assets and some in fixed income. Even in the fixed income sector they diversify - some $US treasuries, some corporate bonds, a small amount of junk bonds, some Swiss bonds, whatever.
The Dash reserve market is one of those (fixed income) destinations in crypto - currently just about the only one. The fact that the 'pooled masternode' services allow people to invest any amount at all is immense.
I'd say it may be perfect timing for a massive promo campaign.
I wouldn't market it as a masternode service. In fact I wouldn't even bother mentioning the word 'masternnode' other than in the contract text declaring where the funds are invested. (Think of it like a pension fund that invests in fixed income bonds of different types. They don't bother their clients with the specifics of the actual assets, just with what the guaranteed return is).
I'd market it simply as a financial product for cryptocurrencies. You could even do a bitcoin one if you can find a way to hedge the exchange risk.
I wouldn't say nowhere, I've put my ethereum profits into margin lending, and it's earning me a fair amount.
Although as someone with about a 1/4 stake in a pooled MN, I do agree
. Although the time it has taken me to earn 5 dash has been much longer than simply lending out BTC. I've already made enough in a month margin lending out 2BTC to buy 5dash than 2BTC in a dash MN would have made me in a month.I still don't deny that having a stake in an MN is awesome and as a former dash GPU miner (no point now since ASIC will destroy profits) I'm happy to have a constant stream of dash for the foreseeable future, but simply margin lending has given me more back than simply having a stake in a dash node. Obviously the return will be less stable since this past month there has been a substantial increase in alt trading and pumping, so effectively people selling shovels (i.e interest lending margin loans) are able to make a fair amount.
Just thought I'd add in my 2C
March 04, 2016, 05:58:22 AM
Otoh, your requests about DashTV have been noticed. You can expect updates soon (today). I'm not exactly sure about 'edit 2'. Do you simply like to have a change the way it's displayed (is 'USD 5/DASH' ok too?)? Or don't you like the zeros following the '5'?
You are invited to discuss more in this thread: https://dashtalk.org/threads/dashtv-the-easy-way-to-keep-an-eye-on-your-investment.7373/page-3#post-87060
You are invited to discuss more in this thread: https://dashtalk.org/threads/dashtv-the-easy-way-to-keep-an-eye-on-your-investment.7373/page-3#post-87060
Sorry, lol, the $5/DASH part was just a wishfull thinking on my part about the price back then & not an actual feature request, though it did come true quite quickly I was happy to see, my apologies for any confusion
5.00 is fine, as is anything around or over that too of course, though this is up to the market and ourselves.
March 04, 2016, 05:44:29 AM
Otoh, your requests about DashTV have been noticed. You can expect updates soon (today). I'm not exactly sure about 'edit 2'. Do you simply like to have a change the way it's displayed (is 'USD 5/DASH' ok too?)? Or don't you like the zeros following the '5'?
You are invited to discuss more in this thread: https://dashtalk.org/threads/dashtv-the-easy-way-to-keep-an-eye-on-your-investment.7373/page-3#post-87060
You are invited to discuss more in this thread: https://dashtalk.org/threads/dashtv-the-easy-way-to-keep-an-eye-on-your-investment.7373/page-3#post-87060
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