Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 152. (Read 9723733 times)

You should get a job with a central bank. With your propensity for double accounting you're eminently qualified.

If it was free, anyone could get it. Since its tied to a 1000 Dash collateral condition, it is not free.

It's free if it's obtained at a 100% profit margin.


At least that's a legitimate "return" since miners do actually invest something into the network against that return. Their "profits" are revenue over cost from a genuine, real world commercial activity. Masternode rewards on the other hand are a simple "redenomination". That is not a return on investment. It's taking my bank balance and redenominating the same bank balance into smaller units.

Mining reward "raining down on markets" isn't a problem. All mined coins have it (and ALL our competitors have it to more than twice the extent we do and it doesn't cause them an issue). 5000 masternodes all receiving 6500 "free" coins per week though IS a problem because it's an overhead that Dash has to bear ON TOP of the mining cost which barely changes with reward ratio.

So we need to collect DOUBLE the fiat from markets that our competitors do. What does the market do to our valuation in that event as a response ?

Halves the price.

Not my 'free' Dash, which of course is not free Dash but simply Return on Investment. Nothing wrong for people to be in a position to get Return on Investment (you are in that very same position
as masternode operator, toknormal. Unless you actually sold your masternode/s). Traditional stockholders are in that position too and you don't hear people complaining about 'free' money in that market section.

Actually i am in the middle of trying to make some ROI on my ROI. I suspect a lot of masternode rewards either get saved up due to low Dash price or sent off to a certain exchange (starts with B) to collect interest.
The mining rewards on the other hand, i do see raining down on markets. Raining down hard ! Like raining down really really really hard !!

What's not out of circulation unfortunately is the 340,000 "free" Dash per year from those nodes, that's never been subjected to competitive mining, raining down on markets.

How exactly did you come to that conclusion? Where is the evidence qwizzie is a defender of money scams? Where is the evidence he gets paid?

This sub-forum still has a few Russian trolls it seems

Dahaa, what happened to your troll buddy Alexey45 ?
Please don't tell me you two broke up ? Over Dash ?  

No more vodka shots for you two !! --> https://bitcointalksearch.org/topic/m.53168279

My nickname for Dahaa & Alexey45 : TRTT (The Russian Troll Twins)

You're a fucking defender of money scams. How much do you get paid?

Dash is currently with its number of masternodes at peak level and with just one more active masternode, Dash will have a new ATH of active masternodes.
4969 active masternodes =  4,969,000 dash out of circulation and long term invested.
Source : http://178.254.23.111/~pub/masternode_count.png

Total number of Dash masternodes is even higher.
5099 total masternodes = 5,099,000 dash out of circulation and long term invested.
Source : https://stats.masternode.me/network-report/365036

52.83% of Dash circulating supply is now in the hands of long term investors (masternode operators).
Which means Dash is currently doing a really good job of attracting long term investors and improving its store of value.  

I do wonder if it is related to exchange Binance having added Dash to their customizable locked savings recently and perhaps using their customers locked dash to setup masternodes ? 
When i first heard about it i was rather skeptical, but i am starting to wonder if there is some truth to it.

Link : https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb

Anyone have any user experience / feedback with regards to Dash Customizable Locked Savings on Binance ?

As i thought, all talk but no evidence to support his talks.
This forum is full of people like that.

Talking about wealth distribution through coin addresses comparison is long abandoned way.That is not only mine opinion,but fact confirmed by other analyists too.Take a look at some reports about it,but I guess that it is impossible for someone who does not want to see ugly truth and blindly defend undefendable. Dash is heavily centralized like majority of coins.Some more, some less. You want me to give you some hard proof,connecting millions of different addresses.Seriously? It was possible about 2-3 years ago,now only for people who has specialized software,like government agencies.

As I said before,where is truly decentralization, there is organic,stable  growth.Quick pump/dump or so call coin trashing is not possible.Iam working on market analysis for a long time and I know for sure that level of volatility is always linked with significant level of wealth centralization.Dash is good project,but unfortunately trashed mercilessly like rag doll by Dash big whales. Just look at almost empty buy/sell orders.Even with 10x leverage it cant get more than 15-20 BTCs.Before, it was only few BTCs on orders.A year ago,without heavy leverage,DASH buy/sell orders were in 100s of BTCs.

Even memecoin as DOGE has buy orders 30x greater than DASH.With such quality of project,50% coins tied in masternodes and very low supply(12x less than ETH),DASH price should be at least double bigger than ETH.So,why it is 5x less? Obviously ,coin is abandoned by large majority of investors,money left the coin.Is it success? Today situation is consequence of heavy trashing.Cant trash coin forever without serious consequences.So,please continue to believe that DASH is controlled by the people and for the people.




 

i am asking for an analysis that should be objective and supported with data or statistics and this is what i get back ? Seriously ?
Your whole post can still be summarized as subjective, nothing more then a personal opinion. You are still failing to show us an objective
analysis supported with data / statistics on how Dash coin wealth distribution is centralized. And no, stating that you 'have carefully analyzed
moves in blockchains of few biggest and some smaller coins for years', does not count as an analysis that is objective and supported with data or statistics.

I showed you an objective analysis supported with data / statistics that Dash coin wealth distribution is decentralized (almost twice as decentralized as Litecoin).
Source : https://bitcointalksearch.org/topic/m.54898722
You just keep throwing back personal opinions and seem to focus more on the whole crypto market then on Dash specific. Lets keep this Dash specific.

This is what our discussion is about :


Show me the statistics / evidence that Dash coin wealth distribution is centralized and we can discuss this further.
Otherwise there is really no point at discussing this any further.

Because Iam carefully analizing moves in blockchains of few biggest and some smaller coins for years,I noticed shift during and after last big bull market in 2017.Every single coin was controlled by no more than few people/groups. By control of coins, I mean these people has enough coins in theirs possesion to do what they want on the market.Some of them are connected via different coins,some are not.During and after last bull market,I called them "superwhales" started to dilute theirs coins more and more.One particular "hyperwhale" sent 10000s of BTCs on exchanges 1-2 days before major ETH moves.One reason for that is that they noticed that theirs transactions is not even close so stealthy as they thought,the other is connected with security reasons - that was the time when more and more KYC and AML regulations started and different governments agencies started to show more and more interest in tracking transactions.So,when Iam talking that you cant talk about wealth distribution of coin via how much coins are concentrated in few biggest addresses  is not some mine subjective thinking based on thin air , it is just empirical result of mine experience of tracking coins through blockchains for years.You can find some articles about it on Internet from the people who do same thing as I. Today wealth distribution through addresses gives people only false impression about major decentralization.Nothing more.Iam not thinking that major wealth centralization is valid only for DASH,but more or less for all coins.

Though "superwhales" diluted theirs coins,their market behaviour stay the same.They are playing on market on the same way as before,one twist here and there,but one thing never changed - the more coin wealth distribution is centralized the harder pump/dump occure.Today, only way to know about real wealth distribution of coin is its market behaviour.When some coin supply is significantly decentralized, it is extremely hard to make some quick pump/dump.Without enough supply in the hands it is suicidal.Price rise or fall looks more like streched out sine wave.Good and bad news and coin developpment progress also had influence.

But,when the coin is heavily centralized,level of centralization is correlated with the speed of price rise or fall.More centralization, bigger the speed of rise or fall,because there are much less pressure from other traders.They simply have not enough power even to slow down superwhales.Also ,news and coin developpment has no influence on price at all which is impossible if the coin distribution is truly decentralized. When the coin goes down there are no good news or developpment progress which can stop it.  Also when it goes up,only some major exchange massive theft can make influence on price.We all saw many times crazy volatility in crypto world on a scale unbeliveable to ever happen on Forex or even stock market,except in the case of penny stocks.Massive volatilty on crypto market means that market is very shallow,so that only one big whale in such shallow sea can make tsunami waves.Dash market is very ,very shallow,just look at buy/sell orders which are so thin even with 10x leverage.

About ETH - congestion is result of coin major sucess and every coin with such level of growth would face probably even worse congestion.BTC had it also,but ETH has much more tools to solve it.DeFi bubble is ready to burst soon and though some people are talking about these tokens as altcoins,I dont think the same.It looks more like ICO 2.0 version.As I said before,I think that Dash has more potential than ETH which was really messy(and still is),but problem is that major DASH holders does not know/want to play on long shot,but just to make quick buck through pump/dump coin trashing.Such behaviour can destroy even the best project.

 

https://medium.com/@huobiglobal/defi-dash-an-overview-of-what-defi-is-and-trending-protocols-on-huobi-com-a0b3924ae2e7

Just Venezuela? Are there statistics available for other countries too?

Yep, Dash Text. Funded through Dash decentralized budget system.

Links :

https://dashnews.org/dash-text-venezuelan-sms-wallet-continues-to-work-despite-blackout/ (link to old article, demonstrating the advantage and the power of Dash Text)
https://app.dashnexus.org/proposals/dash-text-continued-development-aug-oct/overview (link to Dash Text latest budget proposal)

There is even some talk in the comments of the budget proposal about making Dash Text a future Dapp, that will run on the Dash Platform.
That would be really cool and a good use case for a Dash Dapp.

There is a lot of information on the Internet that in Venezuela Dash is the most popular cryptocurrency among the population. There even a service worked to transfer coins via SMS. I'm right?

Movistar and Dash Strengthen Ties



Media Celular, a Movistar-authorized Venezuelan business with offices in western Zulia State cities (Ciudad Ojeda, Maracaibo, Cabimas, and San Francisco), has a partnership with Dash that’s resulting in increasing benefits on both sides. They also make mobile phone refills for Movistar a simple process for their clients.

The Dash Mall and Parking team is one of the Dash movement promoters that also is a Venezuelan project. They partnered with Media Celular to provide Movistar clients who live in areas where there aren’t any Movistar agents available a way to get their phone bills paid in DASH. Dash Mall and Parking clients who already know how to use this cryptocurrency can contact them via Whatsapp to get their phone balances refilled. But anyone that wants to learn how to use Dash can do it as well...

Read more: https://www.dashnation.com/voices-of-dash-nation/movistar-and-dash-strengthen-ties/

Thanks for reading!

It is quite possible that we are witnessing the beginning of the altcoin season. Dash is now very interesting and attractive for investment. I even bought some Dash coins.

Well, it is official now. Bitcoin fell below 60% marketcap dominance.
BTC Dominance:  59.5%

Source : https://coinmarketcap.com/

Which means Altcoins are increasing their marketcap dominance exponentially.