Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1424. (Read 9723768 times)

1 word
china
 

Tok have you any comment on . BTC=462+ right now, and Stocks down last 24 hrs?

I'm so hungry, and was going to get something to eat, but now I'm rocking and can't leave my seat!

Well thanks to multi-incarnate, dimensional identity projection, now you can dance as well  

(Although it's not immediately apparent, that is actually the electric overflow from an Icelandic Bitcoin mine).

The system is designed in such a way that the founders eventually lose complete control of the voting system. It's on purpose, we are the ones that have the best idea of what needs to be done currently, but over the next few years our voting power will become less and less.

Now when I see people complaining about "no windows miners" I just laugh. 

Like it or not, I am part of the community...

I'm that asshole who gives you a reality check when you cant see the forest for the trees...


If I were going to try to get rich with my own altcoin, I would do exactly like Dash...

1) Instamine the hell out of the launch (easy to say it was an accident)
2) Coin mixing to make it impossible to track my coin movements
3) Set up MNs to take 50% of the mining share (since I now have a ton of MNs)
4) Set up voting based on MNs to take another 10% (since I continue to have a ton of MNs)
5) Work hard and write a lot of code
6) Change name to Dash

I like Dash, because it looks just like a psuedo-scam I would run myself....

without the safety net.

Yeah, your numbers are off and Minotaur is correct. I do not hold as many coins as Otoh. The system is designed in such a way that the founders eventually lose complete control of the voting system. It's on purpose, we are the ones that have the best idea of what needs to be done currently, but over the next few years our voting power will become less and less.

Look at the emission schedule here:
https://docs.google.com/spreadsheets/d/1RpLd87PTs65sz8USrrXwGRoVGVbzaC-nunErEtGSJoE/edit#gid=0

55% of the coins are going to people other than the masternodes (miners and budgets), that means a good portion of those will actually be turned into fresh masternodes. Over a long period of time this will dilute our power in the system.

In 2020 we will have nearly 10 million coins and probably about 7000 masternodes (Just a guess based on current trends).
In 2025 we will have nearly 12 million coins and probably about 9000 masternodes.

You should be able to see where I'm going. Those with a many masternodes can't even keep control of this if they are dedicating a good deal of earned coins back into the system. Year by year, our network will become increasingly more decentralized. I think it's a good strategy.

You also have to consider running masternodes isn't free. Operators must pay for hosting or someone to administer their nodes. Those coins are also reentering the supply and some of them will be turned into a new masternode, ran by someone else. Every part of this process further decentralizes the system over time.

I didn't mean to change the topic, or call anyone out here, but the facts are the facts and I'm not going to hide them... The launch was bad, 1.85mil was mined in just the first 24 hours.  Only a linux version was compiled, so very few people got a large chunk of this 1.85mil (1850 MNs)...

It is what it is...

after almost 2 years we/monero still have not released an official GUI wallet.

1000 buy wall at bitfinex. Someone is trying to make himself a masternode with btc  

How would you know?

I ran the numbers 6 months ago, but I estimated Evan should have mined 750,000+ in the first 24-48 hours with the hashrate he himself claimed to have at the time... that's 750MNs already... (not that he necessarily has them online right now)

Then they start collecting 50% of the mining share as masternodes, he should have 1000+ by now...

Yeah, your numbers are off and Minotaur is correct. I do not hold as many coins as Otoh. The system is designed in such a way that the founders eventually lose complete control of the voting system. It's on purpose, we are the ones that have the best idea of what needs to be done currently, but over the next few years our voting power will become less and less.

Look at the emission schedule here:
https://docs.google.com/spreadsheets/d/1RpLd87PTs65sz8USrrXwGRoVGVbzaC-nunErEtGSJoE/edit#gid=0

55% of the coins are going to people other than the masternodes (miners and budgets), that means a good portion of those will actually be turned into fresh masternodes. Over a long period of time this will dilute our power in the system.

In 2020 we will have nearly 10 million coins and probably about 7000 masternodes (Just a guess based on current trends).
In 2025 we will have nearly 12 million coins and probably about 9000 masternodes.

You should be able to see where I'm going. Those with a many masternodes can't even keep control of this if they are dedicating a good deal of earned coins back into the system. Year by year, our network will become increasingly more decentralized. I think it's a good strategy.

You also have to consider running masternodes isn't free. Operators must pay for hosting or someone to administer their nodes. Those coins are also reentering the supply and some of them will be turned into a new masternode, ran by someone else. Every part of this process further decentralizes the system over time.