Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 254. (Read 9723733 times)

Re crypto use in Venezuela - the classic case in such circumstances is "bad money drives out good", meaning that people would be more likely to dump something they perceive to be losing value rapidly (Bolivars) and to hodl something they perceive to retain value (Dash, for example). So, while merchants might accept Dash, most people would rather hang on to it than give it to a merchant if it is a useful store of value. It's usually the junk money that is in mass circulation, not the "good stuff". It's early days yet - see what happens once merchants stop accepting Bolivars.

This week has been another very productive and eventful week for Dash as it progresses towards becoming digital cash. Continuing reading to get a summary of the week.

Video re-post of episode 117 of the Dash News podcast. This week’s special guest was Omer Batan the Founder of Dash Embassy Turkey. We discuss the economic crisis in Turkey and how it’s impacting the average person on the ground. We also learn more about the mission objective of Dash Embassy Turkey and how they plan to encourage Dash adoption.

For those interested, i created a little poll in the altcoins discussion section :

Is Coindesk biased in its reporting on altcoins ?
Link : https://bitcointalksearch.org/topic/poll-is-coindesk-biased-in-its-reporting-on-altcoins-5176229

Could be interesting to see how other crypto projects feel about this.
Please vote if you are interested. Also i'm looking for some clear motivations in the comments of that poll.
 

Link : https://dashnews.org/dash-transaction-spike-uncovers-limitations-patched-in-new-0-14-0-3-release/


Either way, i think it provided Dash Core Team a good opportunity to observe the impact and make adjustments where necessary.
Which is more difficult to simulate on Testnet, due to the limitations of Testnet.

So was it a planned stress test of Dash network or some 3rd party tried to attack it?

On August 7th, there was roughly a million transactions of very small sizes and fees, which resulted in an investigation by Dash Core Group and subsequent updates to make the network more robust.

Pasta, a Dash Core developer, explained the subsequent investigation to discover the cause of the transactions.

That was really interesting. I guess thanks to whoever loaded the network with these transactions. You made Dash stronger.

CoinDesk is a subsidiary of Digital Currency Group (“DCG”). DCG invests in cryptocurrencies and has ownership stakes in a number of blockchain startups, listed here.
https://dcg.co/portfolio/

(Not to be confused with Dash Core Group, also DCG)

If you wonder why coinbase exchange lists zcash but not dash. Look to Digital Currency Group. If you wonder why positive Dash news is ignored by the coindesk new site, yet negative news is published look to Digital Currency Group.

Coindesk claim to act independently of their owner, Digital Currency Group. Believe that if you may.

Dash Releases Upgrade In Response to Newly Exposed Vulnerabilities

https://cointelegraph.com/news/dash-releases-upgrade-in-response-to-newly-exposed-vulnerabilities

#dash_force


Are Decentralized Autonomous Organizations Back? - DASH DAO

https://cryptonews.com/exclusives/are-decentralized-autonomous-organizations-back-4455.htm

#dash_force

Dash has been supported on a new web-app of ADAMANT – anonymous messenger built on blockchain – for storage and instant in-chat transfers. Try at https://msg.adamant.im/. Zero identification required
(iOS App Dash integration coming soon)

Overview of Mainnet Stress Test and Dash Core v0.14.0.3 Release

https://blog.dash.org/overview-of-mainnet-stress-test-and-dash-core-v0-14-0-3-release-db6b978da42c

CryptoRefills, a gift card/voucher for cryptocurrency website, has recently integrated Dash thanks to the work of Dash Next and will enable consumers to spend at many more locations via gift cards and vouchers purchased with Dash.

CryptoRefills gives consumers from 180 countries and 600 mobile service providers the ability to purchase mobile top ups and consumers from many more countries the option to buy gift cards for music/video streaming, games/apps and hotel stays and flights all available to be purchased in Dash. Felix Mago, Co-Founder of Dash NEXT and Dash Thailand highlighted in the press release how the integration furthers mass adoption since it greatly expands the number of merchants where consumers can spend Dash.

Dash iOS wallet gets Uphold integration after exchange removed withdrawal fee

https://eng.ambcrypto.com/dash-ios-wallet-gets-uphold-integration-after-exchange-removed-withdrawal-fee/

#dash_force

The same bolivares thats subject to severe hyperinflation ?
The same bolivares thats subject to capital control limitation measures set by its government ?
The same bolivares that you can find in the gutter of the streets in Venezuela, because it failed as a currency ?



Venezuela’s currency so worthless that locals weave goods out of it!
Link : http://en.protothema.gr/venezuelas-currency-so-worthless-that-locals-weave-gods-out-of-it/


I find it hard to believe the statement in the article from a local source that they rather use their own local currency (bolivares). Then there is the mentioning they rather use dollars, which is
of course hard to get when your local currency (bolivares) is in a hyperinflation state, has strict capital control measures and with the USA having imposed additional sanctions on Venezuela.

Link : https://www.bloomberg.com/news/articles/2019-08-05/not-even-dollars-can-save-venezuelans-from-inflation-s-wrath


What i do believe is that our Dash merchant numbers may decline even more after an audit, which i find not much of a surprise as globally the merchant listing numbers were already
declining in the statistics for awhile now --> https://discoverdash.com/stats/

This all does make me wonder if Bitcoin is doing any audits on their reported figures of adoption world wide (not just Venezuela) and how credible Coindesk's "local sources" really are.
What this Coindesk article reminds me of is that of a quickly written article intended to discredit Dash with regards to adoption in Venezuela, while neglecting to take into account the hyperinflation
thats rampaging there.

Despite CEO Claims, Dash Isn’t Really the ‘Most Used’ Crypto in Venezuela

https://www.coindesk.com/despite-ceo-claims-dash-isnt-really-the-most-used-crypto-in-venezuela?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

“Dash is the most used cryptocurrency in Venezuela,” said Ryan Taylor, CEO of Dashpay, as he stood on stage last May during CoinDesk’s Consensus event.

This statement has been repeated time and again by Dashpay, hinting that crypto is taking off in Venezuela’s economy.

But after investigating the true uptake of the crypto in Venezuela, this statement – while bold – isn’t quite true.

In 2018, 80 percent of merchants in Venezuela reportedly accepted dash.

The uproar caused by Facebook’s proposed Libra coin hasn’t died down yet, and a similar intention by retail giant, Walmart has emerged.

A filing published by the U.S. Patent and Trademark Office at the beginning of August reveals that Walmart filed an application since January 29 2019 to patent a method for creating a coin that runs and records transactions on a blockchain. In the application, Walmart Apollo LLC requested to patent a digital ledger similar to the one powering Bitcoin.

So many integrations and developments for Dash this past week! Don't miss Heidi's weekly video recap! This is a repost of the Dash News Recap video with presenter Heidi Chakos from our YouTube channel. This show is dedicated to keeping you up to date with recent Dash news highlights.

Coin Wallet: Where To Park Your DASH

https://coinidol.com/coin-wallet-dash/

#dash_force

Dash Next announces Dash partnership with CryptoRefills

https://www.cryptorefills.com/

#dash_force