Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1548. (Read 9723858 times)

Definitely an example of a little bit of knowledge is a dangerous thing.
It could be either he is a gold bug or he is alluding to the fact that M______ is worth its (virtual) weight in gold.

Try buying any shares today without a trusted 3rd party and you'll have to deal in person only. We do not live in a decentralised world just yet. Perhaps in the future the will be some sort of option for masternodes similar to preferred stock and common stock will be possible, in which common stockholders receive voting rights in exchange for a smaller payout compared to preferred stockholders.

I'm not sure why you're talking about gold, are you trying to sell some coins?

Gold is inferior to cryptocurrencies in many ways. To list a few:

• It is divisible, but not really in a practical sense for most gold holders, shaving off a little to make a micropayment would lead to the stated weight being inaccurate - I imagine most purchases of gold are by weight and the weight of each piece usually appears somewhere on the piece, but correct me if I'm wrong.
• It is not convenient to send, certainly not in large quantities without spending quite significant amounts to ensure its arrival
• It is possible to conterfeit, for example by gold plating tungsten bars

Gold certainly has some great qualities but it is not the holy grail that every other asset should aspire to.

You are not comparing like with like.

Precious metals are not revenue earning masternodes.

You can invest in any fraction of Dash just the same as you can buy a gram of gold.

Masternodes are a network service which require collateral. The network doesn't care about who owns that collateral or if one or more entities collateralise a masternode address.

That isn't a "barrier to entry", it's a value added revenue source for existing coin holders. (Note the word "existing" as in 'already invested in the asset'). Furthermore, the masternode network benefits all stakeholders - not just those who opt to collateralise the masternode addresses.

It benefits end-users by massively enhancing the network versatility and performance.

It benefits non masternode investors by providing a complimentary reserve market to stabilise the pure currency one.

It benefits the development team by providing continuity of governance and a revenue stream.

So stop with your 'barrier to entry' crap and recycled yesterday's fud.

Yer i can smell the desperation too and its not from dash lol.. now people know the manipulation is mainly coming
from poloniex.com i think their having a tough time keeping control of both markets at poloniex and at trex simultaneously it would seem.

Time to take this market back to trex and add some pressure, attack where the force is weak so to speak 

Your point is MOOT.

The whole discussion was about ACTUALLY OWNING a masternode. And the BARRIER to entry that DASH presents users of ACTUALLY owning a master node as opposed the non-barrier of owning any size portion of gold you want (gram, mg, etc).

You can hold gold in your possession in a tiny quantity. You can't do that with a MASTERNODE.

The barrier to entry does not apply to precious metals.

The barrier does exist with Masternodes of Dash.


If you purchase a "share" of a masternode from a 3rd party you have the following problems:

1. It is not in your possession.

2. You don't actually control it (no matter how much a 3rd party tells you that you have a say). They can vote/use it how they want.

You are attempting to prove that my statement about Toknormal's broken logic was unjustified because "people can buy into the theatrics of owning a portion of a masternode via a 3rd party centralized service".

You failed miserably to make your point sir.

 

Nobody's forced to do it, it's an option that is available.

Another option is pooling resources with trusted friends or family members, if you don't trust them, you could be in charge of the keys (although perhaps having to trust you could be problematic). You could even sign a binding contact specifying terms with others if you really wanted to. I'm sure a trustless multisig option will be available in the future, or perhaps the devs will come up with some other way of sharing masternodes. There are several options available right now and there will no doubt be more in the future.

I'll leave one final post on this matter:

Yep, pretty much the only way to post those logos. Never had a need to register here since I was on HardForum (lurked there for years before registering in Nov 2013) and didn't feel the need to post to add anything... If I recall my story in crypto, I started mining LTC/FTC/DGC/DOGE, then multimining alts for BTC with Wafflepool/Middlecoin/ScryptGuild, rolled the proceeds into BC/BLK, rode that up and got pretty deep into DRK around 0.000138-.00014 (and anyone could have for that matter as I remember the price sticking around there for months before it's epic May rise). Everything about that REKT post still holds true. I didn't mine it at launch, I wasn't aware of the instamine in the beginning because XCoin wasn't even on my radar before it name changed and I had the BTC available to purchase some. It sucked that the launch was the way it was.... I think everyone wishes they could have mined it back in the beginning but hindsight is 20/20. I got involved into Darkcoin at the time because there really wasn't anything around that filled the privacy niche, the core driver of my investment.

It's no different than me holding SDC and XMR... as a matter of fact, my only holdings at the moment are BTC, DASH, and XMR. I have been partially responsible for some of the large dumps earlier this year being that I held over 100k of XMR.

It's a shame that a few of you continue to leave such a sour image for Monero instead of using all your efforts to continue focusing on growing your own coin. I didn't invest into XMR because of any of you--I invested into it because it fits the privacy niche and utilizes a completely different codebase than Bitcoin representing a nice hedge in the event of potential exploits in Bitcoin's codebase.

The fact that you want to resort your attacks now into saying I'm magically part of the Darkcoin launch or a puppet account is just sad. Last I checked, April wasn't January. Good detective work bro.

Oh hai Dasher #12

One phrase comes to mind: "If you don't hold it (in your possession) you don't own it".

lol let's now introduce a 3rd party into the whole discussion of owning a masternode. lol

Throw COUNTER-PARTY RISK into the mix as well.

Great idea!

 

Please tell these websites that their pooled masternode services can't exist. If they ask why, just tell them because smoothie said so, that should convince them. If that doesn't work tell them their logic is broken.

https://masternode.me/
https://node40.com/#/
http://dash.org.ru/pages/mn-en.php
http://regato.io/

LoL !

Try to keep your toys in the pram

It doesn't matter what you think given your track record of broken logic to spin things to suit your agenda.  

I think you do 

I don't need to read it.

I just read your broken argument that because gold is expensive per oz (over $1000) that means there is a "barrier" to entry when comparing it to Dash. As if that justifies it.

Your logic is broken. Comparing gold's price to dash is silly in the context of "barrier" to entry.

You can't break a master node up into pieces and buy portions of it...

keep dancing  

P.S. since you didnt quote the entirety of what I was responding to here it is again:

Maybe you didn't read this:



Working:

oh now I'm ice breaker? Is that the theory? 

Sheesh even myself and ICE know we arent the same person. We have had it out many times on this forum.

Do your homework. We don't agree on everything...but what we do agree on is what DASH is and what DASH isn't.

Some interesting sums changing hands on Huobi right now.

100k to Quarter of a million dollar single trades every few seconds Weekly volume has broken all records - even last month's big rally. It's phenomenal.

If Dash can deliver a blockchain that is as transparent and accessible as bitcoin's while simultaneously making one address's contents look indistinguishable from another, it will truly be approaching the holy grail of monetary media.

Look at your broken logic.

I can buy 1 gram of gold for $50.

I can't buy 1 "gram" of  a masternode for $X. (you can't buy a fractional amount of a masternode).

Buying gold has nothing to do with being a "mastergoldnode"....<----doesn't exist.

The barrier to entry exists for dash...not for gold.

Go back to the drawing board and come up with a better point of view that makes sense.

Spin moar, I like the way you dance. 

Sherlock Holmes, have you analyzed which % of current BCT-users was registered in the beginning of 2014, after Bitcoin had had the "over 1000 usd" pump-dump?
Look at your date of registration...


The more unusual fact is:
iCEBREAKER Date Registered: June 02, 2011
smoothie      Date Registered: June 18, 2011

want some dashcoin buddy? i'll give you for free  

the "true dash" just say so and i'll give ya  https://bitcointalksearch.org/topic/dsh-dashcoin-cryptonote-update-new-sourcewalletsgui-1010-1020627

well...hello there mr bigratcanada  so..you are the big guy here...happen to know what is the big thing vertoe is referring to?