Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 158. (Read 9723733 times)

Interesting...


Source : https://cryptowat.ch/charts/HITBTC:DASH-BTC?period=30m


Source : messari.io

Maybe Dash price will break out even further and turns resistance into support at 0.008160 in the next few days

He is doing a good job of maintaining that wallet for Dash.

I remember wanting an Electrum Dash wallet so badly and was so happy when a couple of years ago when Akhavr was selected for the Dash payments to fund his work.

Maybe not totally trustless as this applies to third party wallet software (Dash Electrum), but perhaps better then our current trusted shared masternodes solutions ?

Link : https://www.dashcentral.org/p/dash-electrum-2020jul



Just a little preview of things to come....

Kindly elaborate, why did you come to that conclusion?

Top 25 cryptocurrencies, ranked according marketcap and category


Source : messari.io
Date : 31st of July 2020

Previous Top 20 cryptocurrencies, ranked according marketcap and category : https://bitcointalksearch.org/topic/m.54792010
Date : 14th of July 2020

Dash increased marketcap and decreased (improved) its 'Down from ATH' price percentage

Marketcap                    : from $685,105,981
                                     to     $775,480,260

Price Down from ATH % : from 95,67%
                                      to     95,10%

Next Top 25 cryptocurrencies, ranked according marketcap and category overview : 1st of September 2020
Planned Time Interval : Monthly

We need trust-less masternode shares to end this bear market 

That is nonsense. Have a look at these: https://cryptoslate.com/cryptos/masternode/

They all have well populated networks in terms of masternodes. Does that mean the networks are "valued" ? The top of that list after Dash is just over an eighth of our marketcap. The rest aren't even in the top hundred. Dash itself has gone from a marketcap of $8 Billion to only $700 million while we've been at this level of nodecount the whole time.

Dash has never in its entire lifetime been able to sustain any coin value over $100 while the nodecount is high. Coin value growth has only ever followed nodecount growth and the reason is fairly clear: supporting 6500 coins per week as "gift" money that doesn't add anything to the value of the investment has not been seen as attractive as buying into the fully mined competitors.

The entire altcoin market entered the bear market relatively at the same time so.... most of them don't have masternodes... so it's kind of like saying "in a forest fire, the oak tree burned down with the rest of the trees because it's made of a harder wood and produces acorns."

DASH is down about 95% from ATH, LTC is down about 85% from ATH. Uhm, ok, so let's pretend that we have definitively proven that the 10% difference is because DASH doesn't allocate 100% of the rewards to miners. But the real test is during this next year. Will DASH not recover and LTC recover because of miner reward allocation?

Personally, I think that they will both do better than just recover.

Now maybe we can wait until then to bring this topic up again so not as to continually beat this dead horse?

Rather than convince me of your opinion you are pushing me away from listening...    It's just getting silly.    If a MN owner pulls 1000 dash off the market and then sells back 60 over a year from the rewards -- sigh.  Give me a break -- you can't say any coins hitting the market is bad for Dash.

On another note -- if the network shows 5000 nodes with a 1000 coin requirement, this does show value to the network.   You make it sound like the coin needs to be mined - blah blah blah.     The proposal was solid -- it was voted on -- lets move forward ... actually, we will move forward. 

The difference this time is that we have a fully populated masternode network. Dash's "bear" market started instantaneously once we hit saturation at around 4800 nodes because you've then got a tsunami of "free money" being poured into wallets. (Also I imagine we hit a fragmentation phenomenon where the smallest marginal investment required to attain a node is too large. i.e. everybody who was within affordable distance of 1000 Dash now has one and everyone else is hundreds of Dash away from it).

MN rewards at this level amount to around 6500 coins per week which at present value is $500,000. Doesn't matter if the bulk of these get held or not because ANY of it hitting the market extinguishes bullishness since we still have the mining cost to collect from the market which is barely impacted by the reward disparity.

If, at 100% mining reward we would have dumped lets say $500,000 worth of Dash on the market per week before to cover mining costs, at 40% mining reward we STILL have to dump $500,000 (coz hashrate barely changes - if anything it keeps going up) but ADDITIONALLY another $100,000 to $500,000 of masternode rewards.

The huge dampening effect is there for anyone to see. The split reward theory ("sending less mining supply to markets") says we should be the more buoyant of the two in pumps. But we're not - we're the less buoyant. Why is that ? It's because we're not collecting less mining cost from markets - we're collecting the same (in terms of dollar cost of mining). Possibly even the same as we would have with a 100% mining reward. But ADDITIONALLY we're continually dumping a pile of masternode supply which Litecoin isn't.

Sure some coins do and will die like this but I think we will find out relatively soon that DASH does have at least another bull run in it...

Wouldn't take much investment to push DASH to new ATH's. This is pre-mainstream adoption. Almost any coin that can maintain exposure like DASH has during a bear market, has a decent shot at massive gains.

It will take a bit to sludge thru 0.008 BTC and 0.01 BTC but then after that we likely see FOMO...

And when any altcoin triples or more first before others, people will be looking to diversify into other top coins as well as take profits. Altcoins that will be left behind are already buried on coinmarketcap.

I fully agree with you that tech (and mining allocation for that matter) means almost nothing at this stage (regarding price anyway)... just need enough exposure for average people to know about a coin and the relative ease to buy it when everyone is ready to rush in.

Unity through Financial Freedom. That's Dash Nation!



It’s been a pretty busy time for the Dash Nation movement. The idea had been stagnating for awhile. Once we realized that, we knew that we couldn’t let the promise that had been percolating but largely unrealized be abandoned any longer.

Over the past weeks, we have been reorganizing all of our assets across multiple platforms to make a cohesive ecosystem. Moving forward, all Dashers who share our common values of inclusiveness, respect, positivity, and determination are welcome to join us as we begin establishing the foundation for this movement. All great things start small.

Read more: https://www.dashnation.com/initiatives/unity-through-financial-freedom-thats-dash-nation

Thanks for reading!

Let’s talk Dash Dapps feat. Chrome Wallet (Ep 1) by readme

https://youtu.be/IjjsQNd3Zto

Dash Wealth Distribution



Source : https://chainz.cryptoid.info/dash/#!rich

Litecoin Wealth Distribution



Source : https://chainz.cryptoid.info/ltc/#!rich


Conclusion : Dash wealth distribution is not that centralized as certain people claim it to be, Dash only has 5,9% in top 10 addresses. Litecoin has 12,3% in top 10 addresses
Even in the top 100 addresses, Dash is scoring pretty low with 17,5%. Litecoin has a much higher score there too (43,1%).
Same for top 1000 addresses where Dash is scoring 31,5% and Litecoin is scoring 64,9%.
Note : the higher the score in top 10 addresses / top 100 addresses  / top 1000 addresses, the higher the centralization.

Just looking at Dash wealth distribution, i suspect Dash is scoring pretty well with regards to healthy wealth distribution among all the crypto projects out there and has much higher
decentralization (less centralization among top 10 / top 100 / top 1000 addresses), then most people realize.    

As I said many times on this forum.It does not matter how project is good,how technology behind it is advanced,how many good news are about coin - for most of coins ,price of coin is influenced only by will of biggest holders.The more coin wealth distribution is centralized, the more it is pumped-dumped with huge amplitudes.DASH is just one of these coins.It is mercilessly trashed to oblivion ,because it is in hands of just few people.It needs entering of big institutional investors which have significant buying power,big enough to make pressure on other players,force them to pay much more and compete hard for every coin.Less competition on market,easier manipulation.Today, size of DASH buy/sell orders are ridiculously low.If someone will put order to buy lets say 500K of coins for just 0.01 BTC,you will see how big players become very nervous.

So,DASH market is not irrational - it is just heavily centralized to serve interests of few people.These people does not know to build market step by step and make money through it.Trashing coin is only way they know to make some money.Problem with such attitude is that after few trashing, coin dies in great pain,because no one will invest in it, no matter what price is it or how many positive news(false and true) are generated.Few die hard investors will dump remaining coins on first occasion and that is the end.Many coins died because of these reasons and many more will follow.For few years, we will have much less coins on market,more stablecoins and tokens issued by different projects.

Are you hoping it doesn't ? In vain it would seem 

Are you hoping if you repeat something enough times it becomes true?

https://en.wikipedia.org/wiki/Illusory_truth_effect