Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2200. (Read 9723926 times)

Weird.  I just checked my remote wallet, to count the number of YEAs abd git 165 votes.  i look at Crowning's chart: http://178.254.18.153/~pub/Dash/masternode_payments_stats.html and it' has only 1.65% voting (all YEA).

What happened?

I can see your point from a purely market perspective but I think that more generally it’s instructive to view things from a more macro monetary-economic perspective to see the full picture.

In that context, monetary value originates from a monetary medium fulfilling a monetary role in the real economy. In previous posts I've used the example of plastic funfair tokens to illustrate this principle. i.e. if you buy one of those tokens in the hardware shop it might cost you 0.02 Euros (2 euro cents). On the other hand, if you buy the same plastic token from a kiosk at the funfair (for spending on the rides) it will cost you 3 Euros.

That is a monetary premium of 15 thousand percent. If those plastic tokens go out of adoption (stop being used by the funfair) then that monetary premium disappears and the price will revert to 2 cents.

The current marketcap of cryptocurrencies is largely speculative on their value reaching a high monetary premium. That speculative value cannot last unless some real adoption eventually underwrites it. It doesn't matter whether it gets dumped back to dollars or not because what's important is that it is actually in use as a payment method for the goods exchange.

The price is just the price. It can go up or down depending on whether someone pumps or dumps. Adoption is far harder to achieve IMO but each new merchant is like a mountaineer hammering a pin into the rockface. It gives the speculative valuation a hard base. Thats why this little list is like gold dust and has to keep growing:

https://dashtalk.org/threads/merchant-directory-listing-updated-11st-may-2015.3445/

I absolutely agree as well with this.  It is going to take one step at a time.

Yeah...I'm not sure what the current count is at.   But not everyone is glued to their system either.  What might be cool is coming up with a alert system to page MN operators when there is something urgent to go over....just a thought.

I disagree. In order to make crypto a success, we are eventually going to need to "close the loop." Customers use Dash to pay retailers, retailers pay suppliers, suppliers pay manufacturers, and everybody along the way pays employees in Dash (or with an option to collect payment in Dash).

Yes, you are correct in that ultimately the loop must be closed. But first we have to fill in pieces here and there. I'm content with merchant adoption (with merchants "dumping" straight to fiat) as a first step. Maybe the next step will be vendors paying suppliers in Dash. Go from there...one step at a time.

I would urge everyone that owns a masternode to take the time and actually put a vote out
which will directly influence the % for NEA and YEA votes.

Its time to bring the number of masternode owners  not having voted yet down people !!

Read more about the voting proposal here :

Original voting proposal :

https://dashtalk.org/threads/vote-self-sustainable-decentralized-governance-by-blockchain.4825/

Update on original proposal :

https://dashtalk.org/threads/vote-self-sustainable-decentralized-governance-by-blockchain.4825/page-4#post-53665

How To Vote :

To vote, simply copy your masternode.conf into your dash directory, open the software then execute the command “masternode vote-many yea” or “masternode vote-many nay”.

To vote with a single masternode you can use the command “masternode vote yea” or “masternode vote nay”.

How to view the voting results so far :

https://dashtalk.org/threads/halle-berrys-masternode-info-tools.3036/ (check the exspected payment per masternode / day)

How to view the results of your own voting :

https://dashninja.pl/mndetails.html?mnpubkey=YROWNMASTERNODEPUBKEY

As btc regulation draws closer, does anyone have any idea how this could affect dash? as its one of the few cryptos that is trying to go mainstream with brick and mortar merchants competing directly with Bitcoin. We saw what happened to xrp recently and the changes they made to try and achieve widespread mainstream adoption.

Can anyone explain why my synced masternode local client (0.11.2.23) shows 2592 abstains, 100% absolutely of them?!

From his own statement - in a discussion about "someone else" having more - but that does not matter, who has 1 or 500++ MN. All I said was a speculation. If he had not voted...

imho
i think we might need to create masternode fund to stabilize price at certain price range. this to create price stability. however  i dont know if this even possible ?

I think in crypto in general some sort of program, partnership or incentive is needed for merchants and businesses that are willing to hold crypto. I think something where merchants setup their own nodes and they participate on the network and get payments.  I wonder if merchants like Directbet.eu would be willing to run their own masternodes if we approach them about it, just as an example.

 In the meantime...

 Is it safe to say that the 5k no-troll-quote campaign has been as resounding success ?? 

 Lets keep it up folk...

I understand how this is a chicken/egg problem.  If BitBill.eu helps circulate the DASH by "spending" it on their own salaries or office supplies or datacenter costs, this is a big win.  If they simply take it out of circulation and churn it through exchanges, not so much.  But in order to get the employees or office supply stores or datacenters to demand DASH more publicity is needed.  Around and around...

 You didn't vote three times... Well, you did, because you can change your vote to "nay" and back to "yea", or in your case "nay nay nay" or  "yea yea yea" ... which is actually funny, because one of my favourite bands is called "Yeah Yeah Yeahs"  

 ... but not three independent votes... your disappearing vote is a gui bug. The vote is in fact recorded, the masternode just "forgets" what it voted, but the network knows. This has been addressed is v.23

 About the script, that will always have to be personalized. You can just copy someone else's script, but there can be no generic official one. Some people just wget in the home folder, others into ./dash, other prefer to usr/bin... others aren't even on debian to start with.

I agree with you but it is also a backup for some one who want to invest in crypto when he knows when i need to pay a bill i can do that...On this scale it give's people more trust to invest in Dash...Here in the Dutch Is Crypto so small when some one ask me what are you doing, then i can explain about Dash more importent you give this person some trust in Crypto you can pay Bills with it!

Gr Zeero

I'd take increased adoption over increased marketcap any day.

For all the miners in the house, SuprNova's Dashpool has 0% mining fee

https://dash.suprnova.cc

There's a school of thought that says all adoption is good.  I might disagree.  If BitBill.eu simply dumps the DASH on receipt in order to avoid the risk of carrying it, where is the net good?  Is the increased publicity worth the automatic market dump?  Possibly.  Possibly not.

This is great news thank you. It was relatively easy to go through the re-branding process as the only thing changing was the name. I wonder what issues they had, anyway, looking forward to the service for Dash being back online.

Update about Pay all your bills easy and fast with BitBill.eu..They had some problems with the change  of the name...The working on a solution for Dash! So you can pay soon your Bills with Dash.....

Gr Zeero