Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1867. (Read 9723748 times)

Fair enough. It's always better to be concerned and vigilant than laid back in this business, but I'll just explain the logic behind my remarks.

The reason I didn't get too concerned about that report of "hidden miners" is that cryptocurrencies are an open, decentralised kind of thing. That means that everybody, whomsoever, wherever, whenever is free to mine them - and that includes mining viruses disguised as video games.

Secondly, people seem worried about those miners accumulating much coin and "dumping" because they have a high hashrate. But I couldn't care a monkeys about that either because the coin emission is the same whatever the hashrate is. If it wasn't those bot miners it would be somebody else. In fact it's good that the coin is getting a high hashrate - it shows that Duffanomics is working in that miners have not been discincentivised despite sharing the reward with other network service contributors - be they realtime ones or strategic ones.

Thirdly, the "malevolent" aspect of those bots is not directed at Dash, the cryptocurrency, it is being directed at the poor sods playing Grand Theft Auto who don't realise they're not getting full whack out of their GPU since while they're busy running from cops their GPU's busy mining Dash - not on their behalf.

So the "malevolence" of these bot miners is not directed at the cryptocurrency itself. There is no illegitemacy in terms of protocol, no rules are broken, no extra supply is created etc. It's a case of one person stealing another's computer for a while to mine on. Worry if you play a lot of Grand Theft Auto.

Hi folks, I just finalized wallet translation into Slovak on Transifex, so hopefully it'll be integrated into the next version Cheers

Forwarding the info from dashcurex.com

Hello friends,

We are happy to announce that you can now trade on BTC/DASH pair.

BTC deposits and withdrawals are carried out by Bitcurex, please check out this simple GUIDE how to export accounts and transfer funds between services (instant and free).

Minimum BTC price - 0,0001 BTC
Minimum offer value - 0,0001 BTC

Next step: InstantX

Hope you like it!


oryginal post here: https://dashtalk.org/posts/66626/

When Evan says something is going to be huge, I listen. The man does not exaggerate. (The last "huge" thing, IIRC, was InstantX. That should be a good comparative!)

Thanks for your tech analysis Tok. However, this concerns me most:


See, I do worry about it.

I am - like 99% of the people - a n00b. I have no clue what all all these fancy terms mean, mining, whining, you name it. I hear that an asset, a network of some strange "Masternodes", a crypto environment I am (the n00b) consider investing into but am hearing about something "malevolent" in the eco-system of this esoteric investment at the same time the value of the potential investment is going down.

So I, the n00b, will stay put for I do not understand what's (really) going on.

Before the smarter of me start with even smarter remarks, allow me to remind all of us that we're talking abut that famous "adoption" that should come from the n00bs that have no clue about the tech behind DASH and only want to use a useful, SAFE substitute to cash / currencies / money. They might think someone is stealing the very investment they consider investing into. They have no clue about differences in between "honest" miners and "malevolent" miners...

This does worry me greatly.

lol
is this the most hilarious news update EVER ??
lol
what are they doing in that office ?
smoking crank ?
 

Which Cryptocurrency Should You Invest In?
http://www.newsbtc.com/2015/09/07/which-cryptocurrency-should-you-invest-in/



PUBLISHED BY
Sarah Jenn
She loves DASH and mathematics.
 

Hvar, Croatia.

Like it states: It's syncing the masternode winners list, the replacement for the reference node

Croatia...my country

Where are the beautiful ladies ? I see only fat men

it's new? and what is it?

Where it is Montenegro, Croatia?

Not everyone is back yet. Cannot send any btc to exchange now and can only watch this show.

According to your link, it looks like he is active on this pool https://www2.coinmine.pl/dash/index.php?page=statistics&action=pool  with names
 overvlad
 overbtc12345
 overcoinvlad
 overbtc123
 overcoin
...and there are probably more of them

Total Masternodes: 3038 = 3038 actives  

Somebody just wants to accumulate more cheap Masternodes.  

(Some minutes ago number went back to 3016 - Who is playing games?  )

Ok you've made me nervous now since apparently you're about to put your money where my mouth is, so I think I'll give you some trading advice to mitigate my guilt in case it all goes Pete Tong.

(Sorry if you're already on the case and I'm teaching my "granny to suck eggs" but just in case it's of assistance....)

... as far as trading momentum goes, both the 1-hour and 4-hour charts are still pretty raw. The shorter range indicators however are starting to turn up, though we can't fully tell if this is the bottom till the longer ones start to confirm which won't be for another day or two (or 5 !). I would only make a minority entry to start with (say 25% of your proposed buy) and then let the 1-hour chart (e.g. the 1-hour MACD histogram) come round (this takes patience and steady nerves because sometime the market can appear to be "jumping up" on temporary lower-order panic buy cycles). When it starts to stabilise, enter with another 25% and make sure it goes to green (the 1-hour MACD histogram that is). Then wait with the other 50% till the 4-hour correction is almost fully complete before you start spending the other half of your investment.

Once you're "all in", monitor the 1 and 4 hour charts for comfort - to check that there's no trend reversal on the cards.

As I say - just my 10cents and I'm sure others may offer equally valid or better alternative approaches. Always do what feels most in your own comfort zone !

Again, all very valid points Tok, thanks. (what Tok wrote is above, so no need to quote big blocks of text)

To clarify - I am not "rattled" by Otoh's selling or buying. Don Corleone teachings: "It does not matter to me what a man does for living," is an approach I agree to. So, in order to celebrate your optimistic view and sober evaluation of what's going on I am going to make the biggest mistake an investor could be making and am back, based on your words. And I will not even blame you if this thing goes back to 0.003  

/ being "in" again makes me more comfortable in voicing a non-complacency views, once I have a stake in an asset I comment on /

Just to put things in perspective, I happen to remember around this time last year (possibly August) a similar price drift-down to around 0.003 and me scooping up a pile at that price.

So here we are exactly a year later, back from holidays, same price drift-down except this time to 0.009 - a 300% gain on last years summer "drift-down". So using your theory in converse that must mean that "any long term positive price movement indicates that something is healthy".

Don't get me wrong - there is never room for complacency in crypto and you make a very good point about promotion having to match development. It does look to me like that's very much on the cards though - Amsterdam presentation, "official" video and subsequent planned distribution of that.

I think you're just rattled that Otoh decided to offload a few thousand of his holdings and punctured the 1 support in doing so. As I said above, you have my respect for that position, but the real time to be rattled is when the fundamentals and the market trend are in agreement - i.e. when the project is going sh*t and everybody starts cashing out. Thats not what's happened here. What's happened is:

 - a large holder decided to reposition their holdings more optimally from their perspective and they found buyers for their trade and they could be transparent about it.
 
To me, thats cause for confidence, not worry.


I suppose so - these things can only work themselves out over time. All I can say is I once shared a pizza with him and he didn’t exactly strike me as “dangerous”


First of all, I don't think that malevolent miner thing has anything to do with this price drop - it's just a distraction. ALL miners dump all the time whether they're legit or not legit so I'd just forget about that. I watched the trades and they were very specific - ~1000 Dash at a time for a fixed time period. Miners dump much more granularly and over longer periods of time - they don't stand out like that. So I'd say the movement from 0.01 to 0.009 is almost all Otoh's repositioning. Just look at the volume chart on cryptsy - it stands out like a skyscraper in a desert.

Secondly - a movement of barely 10%-15% for a known trader performing a favourable repositioning (in terms of trading sentiment) is not very much. I think people are more freaked out by the symbolic breach of the 0.01 support line - if it had gone from 0.0128 to 0.015 they'd hardly have barked.

Thirdly - I don't think people realise how much of a symbiotic relationship any cryptocurrency has with the fortunes of the cryptocurrency market as a whole (and in that regard I mean bitcoin). Take a look at the 12 to 18 month history of any altcoin, in particular the older ones such as Peercoin (PPC) and you'll see that we're to a large extent bucking the trend.

Having said all that, I respect your points on promotion and market buoyancy. Someone has to be the voice of non-complacency and for the moment you're it, so I'm grateful in that regard even though you're currently "out" (despite referring to the project numerous times in the first person plural   ).

Thanks for letting me know Slawek.