Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2110. (Read 9723787 times)

All my trades are made solely on your advice  

https://github.com/bitcoin/bitcoin.org/pull/894

Well just as well I'm an "asset free zone" then because when someone comes to sue the pants off me, thats all they'll get 

Yes, and it's too late to back track now.

I sure hope nobody interprets my idle ramblings on here as "investment advice".

Free men are always free to change their minds.

Personally I avoid providing investment advice, publicly or privately

I don't think bitcoin is ever going to be a 'currency' other than by denomination (i.e. payment channel sense).

I think it's squarely a store of value and will therefore have a similar role to gold - i.e. sit in vaults (the blockchain in this case) and do more or less nothing while the various numbers in accounting ledgers that it backs get shunted around the economy add infinitum.

It's perfect for that role - even more so than gold - and is already well down that road with the popularity of cold wallets.

Sure, it will get traded but I think there will be a far greater amount of trade thats denominated in bitcoin than actually ever gets moved around the blockchain. Every other money has always gone that way. Look at the names of most of the paper currencies - they all correspond to WEIGHTS. Weights of metal:

 - pounds sterling (pounds of silver)
 - peseta
 - peso (large silver coin of specific weight)
 - dollar (another name for a peso = weight)
 - dinar (a gold coin)

The actual metals quickly went out of circulation and took up their role as a store of value residing in vaults, while "peso/dollar" denominated paper took its place as the actual currency. So people were still trading weights of metal in principle, they just weren't carrying it around with them all the time and carried paper proxies issued by the banks instead who (supposedly) kept the metal stashed in their vaults should anyone care to come and redeem their tickets for the real thing.

Thats how bitcoin will go - the economy will grown as bitcoin denominated trades grow, but the transaction volume will far outweigh the actual movement on the blockchain by many orders of magnitude.

Thats my theory anyway    For now.

No historic correlation between BTC demand and price. Transaction volume is surely at an all time high, and the price … well …

The thing about currencies is that they 'circulate'

Charts, charts, charts and charts

http://imgur.com/a/v06al
(click for more)

That is a leap of faith

Well, it was just a way of saying that price will rise as demand rises. Reaching development milestones and growing the network in conjunction with raising public awareness and marketing efforts are what we are hoping would raise demand as more people see value in the project.   Obviously it is not guaranteed that our efforts will work and that is where there is risk in this investment, but you can be sure the development team will execute its development and promotion plans.

Great comments !

I hadn't thought of the 'compatibility' angle, nor the corporate aspect of sidechains. I know you mentioned it before but I hadn't really thought about it.

I am, in general, sympathetic to this analysis but would question your assertion that the price of DASH will grow as the network grows and the development team reaches milestones. I haven't seen a plausible economic rationale for why this should be true and in practice there are many cases where it isn't.

I dont think that is the reason at all, confidential transactions are compatible with Dash, if that turns out to be valuable at all, because they really don't provide a very high level of privacy. Sidechains are also something completely different than altcoins I don't think they will compete, in fact I dont see any community driven Sidechains ever being created, just privately held companies like Blockstream trying to monetize that business model.

 I think Dash is moving independently from BTC, the Dash price will grow as the Dash network grows and the development team reaches milestones. People are starting to see Dash truly as a potential alternative with long term viability instead of a BTC dependent sideproject.

http://www.coindesk.com/bitcoin-exchange-monetago-launches-in-40-countries/

From FAQ:


maybe someone can contact them to ask if they would consider adding Dash.... maybe someone from our official reps.

We have an automatic backup system in place already with latest wallet 0.11.2.23, see Tools - Show Automatic Backups.

edit : i would advice people to at least hold a blockchain / wallet for backup purposes on a HDD drive, SSD drives (specially 1st gen SSD drives) could in theory one day
totally crash on you and recovery may be impossible. Keeping it all just on a SSD drive is therefore not advisable.
  

Sidechains and confidential transactions ?

Switch your http://coinmarketcap.com/#BTC browser to BTC and look at the reds. They're mostly anons. (Just a speculative guess   ).

Why do you think that DASH isn't participating like other alts?

this is one nice pump to watch .. 252

edit : 254

Indeed. Good advice.

But this run really looks like it's going places. It's got volume and the most momentum of any since the fall from $300.

If it gets to 254, that blue thing will go over the brown thing and we'll be into lift off territory. It's already gained 8 dollars just since I've been posting on Dash page 5110. It's just about to hit 50.





Trading botgasms:


Ouch. I've got ot go and watch my daughter's choir. YEZ ARE ON YER OWN !!!

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