Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1797. (Read 9724017 times)

Opportunities in a few weeks ago

Maybe this is a surprise this year.

Tok, I'm truncating your othwervise (like always) great post for it is just a post or two above. I wasn't clear. "Market cap is irrelevant" meant in conjunction with the pathetic trading volume i.e. so small that is not relevant in the bigger picture (market cap of almost any other asset in the world is multiple of that of DASH)

Let me share something - as a young man I was a chess player, a bit later I was a political columnist - and in both fields I had an advantage of seeing a move or more further down the road than the others. I simple have that talent. I saw Darkcoin potential among the first outside the pure crypto field (I was late to BTC for I simply did not understand the technology at that time, among all the noise) and had my own expectations, based on that potential.

As soon as it was re-branded, the cracks started to show up, in my mind. So, now, is 6 months really that short time to seriously evaluate the progress on the other levels than its underlying genius? Most like is - BUT now, my own expectations are not grounded in anything but my own ideas I can't push. I wonder, if the MAIN advantage, for an AVERAGE user (say an online retailer, say a bar owner) of this thingy are:

- its minuscule fee for a transaction;
- the speed of the transaction (IX);

why don't we push toward the obvious?

A BitPay / Coinbase / credit cards / QR hybrid that would serve DASH exclusively?

Evan is talking about "decentralized corporation" anyway; there's a not-for-profit Foundation established already so the first steps toward establishing a legal framework, for such an entity -- that is a needed first step toward DASH (or any other crypto) autonomy (wide adoption) -- are already in place.

How can anyone hope for any kind of "mass adoption" if you have Bitcoin - that wast majority of people do not get at all - acting, out of necessity, for the lack of our own BitPay / Coinbase infrastructure as intermediary. Try to explain a retailer the chain of events he or she would have to face if they want to accept DASH.

"You get DASH, than you have your wallet (which can be "cold" or "hot"), where your DASH goes, than you have to send it to an exchange, a crypto exchange at that, where you have to buy Bitcoin and than your Bitcoin can be exchanged for fiat etc., etc., etc." - and think of a blank expression on the face of such a person.

The beauty of EVERY SUCCESSFUL project ("mass adopted", that is) is that they are aimed at the end user being an idiot. Think iPhone. Think Netflix. Think Google. How many people have ANY idea how any of these really work? People do not give a fuck. They are dumb. (just take a glance at the idiots they have been voting, for ages, in the respective offices of power all over the world and you'll see how kind I am toward that bunch of feeble-minded, brain-washed idiots I lovingly called "dumb") They want their things / services to work.

So our retailer or a bar owner needs to KNOW that the phantom thingy, a.k.a. DASH, would PAY for her or his service / product (think BitPay) and would, magically, transform into a fiat of their choice (think Coinbase, automatic exchange / transfer) and appear on their account instantaneously (think credit cards, think PayPal) FIRST. Only after this works, he or she will need to be educated about gazillion other possibilities in the wondrous realm they entered.

So, IMHO - this project needs to focus on this and that other think, Masternode usability - i.e. figure out how that wast network of computing power can be used for something useful for the world and the humanity, instead of just spending energy into creating something out of nothing)

If we'd have these two goals clearly outlined I'd see a direction this project is going and will have go back to my insane days of having 90% of ALL my investments poured into it. Like this we, obviously, depend on the others to develop the same but if they don't...

Bump!

thanks Alex 

well written post Tok

And this is why market value means nothing at this point.  (in other words I totally agree with you)

Interesting post wozzek23. I won't reproduce our well rehearsed exchanges, but I think I need to point out that your appraisal seems to be missing one core aspect - your own view of a technical ideal. i.e. if you don't have a vision to act as a reference for where you think a project like this 'should be going' (other than "up in price" that is), how can you possibly gauge its performance against intended objectives ?

Markets work best when everyone makes their own valuation as to the merits of an asset - thats when the price most closely reflects the real fundamental value as opposed to a speculative one driven by day traders.

As you know, I've posted plenty on what I think the technical objectives for a cryptocurrency should be and how Dash most closely matches these (for my part in the market depth chart). That is with my "cold hearted investor" hat on. I'm not saying it guarantees ultimate success, I'm just saying it guarantees it better than anything else that's currently on offer at the moment.


Are you serious ? I don't believe you actually believe this. About a year ago (which is pretty much an eternity in this economy) I started to notice a consistent pattern across all the new hundreds of coins that were starting to appear. That pattern was that once gained, a high markap cap always "stuck" with regard to a first mover relative to its clones. I'm speaking in relative terms - everything across the board follows a standard profile of a big peak followed by a slow loss of value - but take a look at the top 10-12 coins on marketcap and what do you notice ? They're ALL originals in their class. They've survived a battering from a flotilla of clones, not by virtue of having the best tech or best distribution or best anything, but by virtue of having been the first to achieve a high marketcap. If you think that "Market cap is irrelevant" when comparing Peercoin to Cinni Coin, Deutche eMark and Fluttercoin then with respect, I don't think you've properly considered all dimensions of what marketcap represents. Sure, in theory it doesn't matter, but in practice it does - especially if it's earned (as opposed to temporary 'fixed in place' by a huge coin supply and minimal trading).

Dash could loose half its value from here and still retain primacy in its class. Thats a pretty good cushion to be working off of IMO. The question of trading volume is more one that affects all cryptos outside of Bitcoin and Litecoin because those are the only two high liquidity markets in the entire world to speak of. I don't think that means jack for adoption, though. All its done for Litecoin is batter it to death over the last 3 years while making a lot of money for speculators. If there were another 20 coins with that type of volume and Dash wasn't amongst them then I might worry.

As it is, Dash is currently number 6 in marketcap and ALSO number 6 in trading volume according to today's stats. Not bad for a project that's doing everything right on 'fundamentals' as well IMO  

Not really gambling, at least not with any money, as I've returned the money I had purchased my ~500 coins with, but I did talk my son into buying in so I do hope it will go up again.  Regardless, Dash isn't going anywhere, IMO, and it will be a great service some day.  Ultimately, what I have, I got without any cash investment (well, it was paid back)  But I will feel bad if my son loses his investment.  I don't think he will though, and he can afford to.

Don't be sad, I was the bread winner, then I became sick, shit happens.  Hubby working on his career but dedicated his life to our son, who is autistic but ended up amazing and the most well rounded incredible person I've ever met!  I chose well for my husband.  Money is far from everything!  Life is good, don't be sad!

The point was that the reason I don't put my money where my mouth is is because I can't  I honestly can't

I think I dwell on this too much, but it's because I feel so guilty that I can't constantly tip, etc... I'm trying to build up a few extra dash for monthly expenses all the time, so I cling to them, LOL, and feel like a nasty miser.  So yah, I divulge too much information, but it's kind of guilt driven, sorry!

I'm not quite sure if it would be healthy to wish you to end up a new DASH-illionaire because I do not see your approach as being any different that that of a Gambler. (Dostoyevsky's Gambler http://www.gutenberg.org/ebooks/2197, that is)

But than, it would be unfair. You shared your situation and your hopes and who am I to doubt you? I can only take what you wrote - I am aware this might sound awfully cynical but honest to god I am feeling sad and not cynical at all - as an investment advice. As much as you told your son to buy at $4.00 and caused him a paper loss of 41% thus far, your suggestion to buy now ("if I had...") tells me I have to wait until the price is well below 0.01 BTC before buying more.

DASH might end up being the best financial tool that there is, I don't doubt its potential, but it will not replace any other forms of money that are out-there, not during our life spans. It might end up being co-opted in the overall financial structure of this world or be destroyed. Most likely outcome - it will be one of the many financial tools, alongside the dollar or whatever comes after it, BTC or whatever comes after it, or gold, milk, cell phone minutes or anything else one human is willing to exchange with another...

If you'd want to be both philosophical and productive, think of the origins of the money. The debit is in the very core of the idea of money and its very existence and try to fit the DASH into that wast equation...

October 3 is quite fast, maybe this is the reason for the hash increase from one entity on coinmine.pl?  I really should stop mining, it's such a waste of time and energy, LOL.

Its interesting on a number of fronts, this would mean someone believes in Dash enough to throw quite a lot of investment money and time into it, as Dash is the number one X11 coin (only other high volume mining option is startcoin?)

You know what they say about something when it seems to good to be true!
Looking forward to the feedback on this, TIA.

Exactly.  The whole subject is completely stupid.  What matters is that Dash is being developed at super speed and nobody will catch up with us.  Nobody can duplicate us either because we have the most secure network via the heavy investment and commitment locked inside Masternodes and high hash rates (though we do have too much hash on coinmine.pl.)  This will all work itself out in the end though.

Everything else doesn't have anything to do with the security and functioning of Dash, and in the end, what Dash can do is all that matters.  So you can be petty and say "I didn't get in on this early like these other lucky people" or you can get with the program.  

I couldn't figure out mining in time and got none of the spillage.  And it was over 2 months before I learned you could rent servers to mine.  By then, it was too late.  In the end, I only mined up about 1500 coins, buying the rest I needed for my second masternode.  1000 coins, my son bought at my suggestion at over $4 a coin.  That's how it goes.  If I had money I'd be buying up like crazy.  (we're broke, except for what I initially invested - then luckily, was able to pull out and pay back again - then spent on bills, and I mean broke) My sister buys us ground beef at costco, my mom slips me $5 every once in a while so I can buy myself a coveted diet coke because it's not in the budget.  It's seriously sad over here, but we survive and are holding on to our dilapidated old house, yaay!  But the last thing I'd do is complain, because this is so exciting and awesome and I got in on it!  It's wonderful!  If I had $6k, and discovered Dash now, I'd invest immediately. and that's the truth!

Whining just leaves you in the dust buddy.

And for Evan to start all over again would be nothing short of stupid. (Edit: misunderstood)  Number of coins doesn't matter, what matters is how much money it takes to grab enough Masternodes to have a chance at successfully attacking the network.  You can always add zeros to the number of coins.  And right now, that's pretty much impossible.  THAT is all that matters regarding the price.  

WOW -- this is getting really interesting now, since the biggest cheerleader(s) agree(s) with the smarter piece of anti-propaganda thus far.

At this moment, it seems, the DASH's destiny is indeed completely linked with Even and his decisions. (perhaps Richard would be also able to destroy DASH by dumping his masternodes) So, the risk - and with it a potential risk reward ratio - is increasing every passing day. The advances on the tech side were staggering and really revolutionary so I ask myself, what if the "revolution" (IX, Darksend, Decentralized...) arrived too early and there were no people ready to join it? With the world's insanity focus moving from egregious financial crimes toward even worse migrant crisis in Europe and by far the worst, pan-American war(s) against the Middle East that might escalate in more proxy wars against Russia and China, the people could not care less about the "revolution" they do not understand?

On the bad side of this: trading volume is pathetic. Market cap is irrelevant. A long time #4 is now a #6. A delusional idea that "scarcity" (more coins locked in, OK, placed in MNs = increased price) will result in the rise in the DASH's value is slowly being destroyed. Just think:

DATA:            September 27th, 2015       March 19th, 2015 (a few days after re-branding)
Price in BTC         0.0100800                       0.01215272  (17.05% loss since)
Price in USD         $2.35                             $3.11          (24.43% loss since)
Trading volume     50,584                           151,886        (66.69% decrease)
MN coins %          54.20%                          45.27%        (19.72% increase)    
Dashtalk members  3,314                             2,602          (27.36% increase)

When I look at - highly unscientific - correlation in between the six months long price drop and # of MN rise it seems to me DASH has became a "niche" of a very narrow group of people having MN income, increasing the number of MN (coinmine.pl gets 56% of all coins), making even more DASH, selling the DASH thusly decreasing its price in both BTC and USD terms. The rest are dreamers or speculators, all of whom hope for the price to go up. There isn't an instrument of short-selling the DASH so one can't really gauge the real market value of this asset. So, near-term price movement is completely let to the whim of a few people willing to play with a few thousands of dollars.

On the good side, again, the efforts Evan and the development team is putting into this is heroic. A perpetuum mobile - funding via MN income - might be enough to keep this project going for months and months if not longer (unless the price drops below $1.00 when all bet would be off) so, we're back again to Evan. A "young man" (he's 35) seems to have the money to live independently of his DASH holdings (his financial background) and it seems he is totally undisturbed with day to day or month to month price movements (he does seem puzzled over it, though) and his long-term outlook will come into play soon.

Decentralized governance, at the end, depends on a few people: Evan who's the father of all of this, Richard and several other big investors and the influence a few prominent Foundation members are having over Evan's decisions. My own take is still that this project has 40% - 60% chances of a long-term survival and I will be keep nibbling back, but as a cold hearted investor yet again, and not as someone who loved Darkcoin and was ready to fight 'til the end for it, if its idea were to be to change the world, fight for the financial freedom and against the Financial Crime Cartel etc.

As such, as the BTC competitor that DASH in its core is going to be, it still has a chance for huge profits but these chances might be diminishing daily. Only the time will tell. I had to lower my exposure to DASH, as the percentage of my overall portfolio, to the amount I am ready to lose in its entirety.

I am very, very curious to see how this will develop... for I have no clue

Ignore that Monero hater, price goes down 1% on Dash and they come here saying crap like this, but then price goes down 10% on Monero and it's good time to accumulate.
 
Ofcourse they also come here since their ANN thread is dead so they spam others as well

Already Out of stock. ..??... Hmmm was interested to suport the network... But it was only shiping for US residents?.. Grrrr
Did we know how many did they have/sold in total? And if they will have more?

Also they say "dash miner" and not X11 miner  

seems the end of DASH is coming
loved this coin tho

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I think you can save your breath.

smoothe's probably got enough worrying to do about his own bags right now.

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