Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1417. (Read 9723748 times)

First mover advantage doesn't always win.  Sometimes it's the "fast follower" aka second mover.  The initial first-mover advantage will last for a period of time, only to be replaced by the "Fast Follower".  Ford Motor Company was the first mass produced manufacturer of cars.  Within a short time, General Motors was outselling them by offering something Ford would not.  By following a strategy of innovation, combined with focusing on getting the word out, DASH has an excellent chance of succeeding in the Digital Cash realm.

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"First-movers are not always able to benefit from being first. Whereas firms who are the first to enter the market with a new product can gain substantial market share due to lack of competition, sometimes their efforts fail. Second-mover advantage occurs when a firm following the lead of the first-mover is actually able to capture greater market share, despite having entered late.

First-mover firms often face high research and development costs, and the marketing costs necessary to educate the public about a new type of product. A second-mover firm can learn from the experiences of the first mover firm, and may not face such high research and development costs, if it is able create its own version of a product using existing technology. A second-mover firm also does not face the marketing task of having to educate the public about the new project because the first-mover has already done so. As a result, the second-mover can use its resources to focus on making a superior product or out-marketing the first-mover."

https://en.wikipedia.org/wiki/First-mover_advantage#Second-mover_advantage

First mover advantage doesn't always win.  Sometimes it's the "fast follower" aka second mover.  The initial first-mover advantage will last for a period of time, only to be replaced by the "Fast Follower".  Ford Motor Company was the first mass produced manufacturer of cars.  Within a short time, General Motors was outselling them by offering something Ford would not.  By following a strategy of innovation, combined with focusing on getting the word out, DASH has an excellent chance of succeeding in the Digital Cash realm.

--------------------------------

"First-movers are not always able to benefit from being first. Whereas firms who are the first to enter the market with a new product can gain substantial market share due to lack of competition, sometimes their efforts fail. Second-mover advantage occurs when a firm following the lead of the first-mover is actually able to capture greater market share, despite having entered late.

First-mover firms often face high research and development costs, and the marketing costs necessary to educate the public about a new type of product. A second-mover firm can learn from the experiences of the first mover firm, and may not face such high research and development costs, if it is able create its own version of a product using existing technology. A second-mover firm also does not face the marketing task of having to educate the public about the new project because the first-mover has already done so. As a result, the second-mover can use its resources to focus on making a superior product or out-marketing the first-mover."

https://en.wikipedia.org/wiki/First-mover_advantage#Second-mover_advantage

Obviously I can but agree with you, but if bitcoin gets confidential transactions soft forked this year, then the market will decide which system is better or which it is happy to use.  The issue for Dash and xmr, etc, is the fist mover advantage of Bitcoin. A better product doesn't always win first prize.

rly?   @poloniex good I bought 0,00665 - 0,00697 .... keep waiting  

Damn it Tok, why aren't you participating at DashTalk?

I've also been reading the plans from the open white paper  It's all flexible in the details still but the above is pretty much the plan.  I especially want you to follow this because you have a great feeling for what money truly is, and if we're going down a bad road, you'd see it.  There is a lot of stuff happening, and if you're not following along, it'll only get harder and harder to catch up!

Obviously I can but agree with you, but if bitcoin gets confidential transactions soft forked this year, then the market will decide which system is better or which it is happy to use.  The issue for Dash and xmr, etc, is the fist mover advantage of Bitcoin. A better product doesn't always win first prize.

Could be a VPN though, even the author himself admits that possibility. Either way, DASH going down. Looks like 625 might be a good price to buy again

Obviously I can but agree with you, but if bitcoin gets confidential transactions soft forked this year, then the market will decide which system is better or which it is happy to use.  The issue for Dash and xmr, etc, is the fist mover advantage of Bitcoin. A better product doesn't always win first prize.

Does DASH Evolution solve this problem?



https://www.youtube.com/watch?v=J52AM5SrOHw

Edit: added image

That dumping coincides with the Cryptsy founder Paul Vernon being spotted in China after he left his company HQ unannounced.
Needs to pay hotel bills, I guess...

Another exit-scam after Mt.Gox, Hashfast, Mintpal and others.

I used shell file using txid.
echo mn01
~/.dash/dash-cli  masternodelist rank 004c9
echo mn02
~/.dash/dash-cli  masternodelist rank 00acc

$ dash-cli masternodelist rank 133c6 
{
    "133c6c848081817d92c493e41de8e186a45b5211f3cd15d5c69b7073099bac9f-0" : 2521
}
$ dash-cli masternodelist rank 133c6
{
    "133c6c848081817d92c493e41de8e186a45b5211f3cd15d5c69b7073099bac9f-0" : 2091
}

I want to have monitoring "dashd" every 5 minute.
And if dashd killed, run dashd automatically.
save following code "actmn"

#!/bin/sh
#=======================================================#
 # while
#=======================================================#
while true
 do
 ps_exist_cnt=`ps -ea | grep "dashd" | grep -v grep | wc -l`
 if [ $ps_exist_cnt -eq 0 ];then
 /home/ubuntu/.dash/dashd &
 fi
 sleep 300
 done


-----------------------
backgroud run
chmod +x actmn
nohup ./actmn &


Is this proper solution?

#!/bin/sh
while true; do
  if [ -z "$(pidof dashd)" ]; then
    /home/ubuntu/.dash/dashd &
  fi
  sleep 300 
done

This is amazing.

How come you seem to know so much about the new stuff ?

Obviously I can but agree with you, but if bitcoin gets confidential transactions soft forked this year, then the market will decide which system is better or which it is happy to use.  The issue for Dash and xmr, etc, is the fist mover advantage of Bitcoin. A better product doesn't always win first prize.

Actually, if you look at the plans for Evolution, which should come out in it's basic form this year, miners will no longer have a say in what goes into blocks.  Masternodes will be split into quorums which will decide on inclusion to the blockchain.  Miners actually post it into the blockchain's ledger, but if they don't do what the MNs say, or if they try to include anything else, their block will be rejected and the next miner to find a block will get the rewards if he properly builds it.

Will we still need miners?  Yes, the mining has is used to randomly group masternodes into groups of quorums which process all transactions.

So, in this way, Dash DOES solve the problem.

Dash's Masternode network will process all transactions in randomly assigned groups called quorums.

Dash's Masternode network is large and very decentralized, with largest holder having around 400 MNs or 11.5% of the MN network.  The chances are infinitely small that he will ever get control of a randomly selected quorum.  This is much more secure than any mining solution out there.  And entropy, the law that states things become more dispersed over time, is actually true, and Masternodes are always changing hands, and those with the most, will undoubtedly sell them off (or their children will inherit and thus distribute, etc...).  It's virtually impossible for anyone to collect more than 20% of all Masternodes at this point, and if they did, they would have driven the price up exponentially.

Masternode Quorums are also capable of handling as many transactions as can be thrown at them.  At the current size of the Masternode network, Dash can handle as many transactions per second as Visa does.  But Dash is infinitely scalable.  By reducing the collateral requirement for a Masternode by half, Dash can instantly double the Masternode network and handle twice as many transactions.

What about the cost of bandwidth and storage of this blockchain, which would surely grow?  Dash's Masternodes are compensated.  They must put up collateral to run a Masternode on the network for security reasons, but in doing so, they earn 45% of the block reward.  The miners also earn 45% and the last 10% goes toward the budgeting system.

Now you will ask, surely, with such a huge blockchain, nobody will be able to use a full node in any practical sense.  So they'll be forced to use a centralized service with a lite wallet.  But you would be partly wrong.  Yes, most people, for practical reasons, will use lite wallets.  This would be inevitable for any coin.  However, Dash lite wallets will be tapping directly into the network, through a decentralized API system, and retrieve their information instantly, securely, and directly from the network through Masternodes, without worrying about using a centralized repository.

I'd like to point out that the subject of the axiom of block size to node distribution size was presented by Evan at the last conference.  I'm not sure if he was the first, but I think he was because I remember him collecting information to make a chart.

Now, again, he's calling number of miners withe full nodes "anonymity"  he's not talking about personal-user anonymity, but of the anonymity and what I would think is more accurate, autonomy of the miners.  Why is relying on Masternodes better than miners?  Because, as has been proven since their inception, they have been growing.  There are always more and more people buying Masternodes, thus the distribution is getting better and better.  Many argue that the biggest holders can quickly earn enough coins to create more masternodes, increasing their share of the system, but this is actually not true.  Aside from the fact that they have to run or have someone run for them, high quality servers, use bandwidth, etc... and pay for it, there are a lot more coins comeing into the system than what they're earning, and thus, we can predict that 1/2 of all coins created end up in Masternodes.  Evan or someone charted the possibilities and it showed that even our biggest Dash holder, otoh, can not increase his % of the Masternode Network, unless he keeps binging in funds from outside the network (that is, buying up all the coins created)

This presentation actually suggests we create a new Federal Reserve, LOL.  Yes, it's the "easy way out" but lets face it.  It's a complete failure if "representatives" have to be used to mine blocks.  I can't believe anyone that is in Bitcoin could think this way.

Besides that, Dash has solved the problem.  Entropy ensures we'll never be more centralized than we are today, but rather that we will become more and more decentralized over time.  Market pressures ensure nobody will be able to buy up enough Masternodes to control the system (requires so many, like 90% or more of the network, even in Evolution) that market pressures will ensure that even a country as wealthy as the United States wouldn't be able to buy up enough.

Done.

Dash Evolution is just about perfect.

Well that's not the sum up.

Repeating something I have said in another thread is hardly the same as the cogent argument that Tok has put forward.

Besides, it should be in this OP.

Cryptonote is a system that completely obfuscates the blockchain.  You completely lose the ability to audit it.  In my opinion, that kills the whole point of crypto.  You have to trust the system can't be hacked and that it always functions correctly.  So no, Dash doesn't have to address this, we're different.  We're auditable and open to see, just not traceable, thus private.  Best of both worlds, no need to change.

Not wishing to spread any FUD, but the question about bitcoin being able to soft fork crypto note style ring sigs, stupidly called confidential transactions to avoid any darknet labels, needs to be addressed by DASH and every crypto note project.

The confidential transactions soft fork is now being actively discussed. I wouldn't be surprised if people are seeing this as a risk.  

Or it could just be someone needing to raise funds - anyone know the cryptsy wallet addresses?

Masternode Quorums are also capable of handling as many transactions as can be thrown at them.  At the current size of the Masternode network, Dash can handle as many transactions per second as Visa does.  But Dash is infinitely scalable.  By reducing the collateral requirement for a Masternode by half, Dash can instantly double the Masternode network and handle twice as many transactions.

I just realised I had a pile of Exclusive Coin on Cryptsy. Logged in and withdrew it to Bittrex without any problem.