Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 262. (Read 9723733 times)

Dash actually has very very big and strong communities in Latin American nations, from the USA., Canada to Venezuela, Brazil, and so forth. It is so hard to say exactly what will happen but I thought Latin American nations and DASH communities there will play very important roles and gives strong momentum for the growth and explosion of DASH in years to come. Soon, it might happen in 2020 or 2021, just one or two years from now. In crypto, basically, where there are strong communities, where there are huge usecases and huge demands, we might see good factors for growth.

Thank you for the link. It is good to have that information on hand to understand what really happened.

There was never any premine of Dash. Premine means mining before public launch, this was never the case with Dash.
Dash had some bugs in its software, when it first forked from Litecoin code base which caused a production of a large number of blocks
with the maximum allowable coins in each block during the first two days of Dash existance. This was then fixed by the lead developer
and the blocks got created as intended. Those that profited were basicly the miners that were mining Dash in those first two days.
Most of those miners sold Dash at large quantities on the open market.

What happened to Dash is called an instamine, and it can in general include a number of issues. Ranging from faulty code (Dash)
to one entity holding million of coins (Satoshi / Bitcoin) to abusing mining software by hamstringing it with regards to speed while
favouring a select few miners on secretly faster running mining software (Monero).

To lean more about Dash instamine and how much it exactly was :

https://dashpay.atlassian.net/wiki/spaces/OC/pages/19759164/Dash+Instamine+Issue+Clarification

If there was any premine of DASH how much was it?

Dash Digital Cash and blockchain update and insights!

https://www.youtube.com/watch?v=nbltdB-6eYw

#dash_force

To me, one of the biggest issues of Dash till this day is the constant mentions that it was a 'premine' scam.

I personally believe that it was just a mistake but it would be good if this problem can be put to rest and I wondering if it was possible to do so.

Dashninja has an excellent FAQ on this wish I believe some research had been done into the issue:

The coin has been well distributed through exchanges since early February 2014 – almost 15-20 days after the coin's launch. One could buy as many cheap DRKs as they wanted, with prices of 0.0000x per DRK or 0.0001x per DRK. This can be verified by historic charts of c-cex.com and poloniex.com of early Feb 2014. These two exchanges were the first that adopted DRK. Huge buy orders of 20-30-50k DRKs were being filled by early miners who were dumping their coins for pennies, not really appreciating the coin they had in their possession due to the “abundant” way in which they mined it as people do not really appreciate what they are given in ample quantity.

Miners who “instamined” large quantities never foresaw the huge price increase and as such sold over a million coins at prices from 0.0000x up to 0.002 – with the first large batch being sold after DRK hit the exchanges and the next large batches being sold from February 2014 to April 2014 @ 0.0015 BTC price levels. In fact, many coin holders were complaining* of all the “dumping” by those who held cheap coins from the start that kept the price at artificially low levels for 2 months straight.

The dumping ended, due to tremendous market demand, when a “pump” was initiated by “whale” buyers that swallowed millions of USD (in DRKs), raising the price from 0.0012 to 0.017 within a few weeks.

• During this dumping period there were certain individuals who spread FUD about how the coin will never rise in price due to the instaminers dumping continuously. These are typically the same people who are claiming that the 50% instamine distribution affects the coin distribution today. However it is impossible to simultaneously claim that the coins were being dumped and that the 50% instamine holds true today. It's either one or the other. Since the coins were being dumped, the 50% instamine distribution was gradually reduced with each dumping wave. Blockchain analysis indicates a well distributed coin, reflecting the fact that the dumped coins were evenly distributed through the market. Early distribution is not currently an issue as huge buyers have been reshuffling the "rich-list" in their favor, buying millions of dollars in Darkcoins during May 2014. Late distribution through aggressive buying is currently more of a concern than early distribution.​

Could some funds be allocated for deeper analysis and more detailed supporting documentation for this so that although of course trolls will never be satisfied, at least we have good support for the above.

Things that would help:
a) Show how much coins were generated during the difficulty retargeting bug (easy)
b) Show much volume of it was being dumped from February to April 2014 with charts.
c) Explore with c-cex and poloniex that although they may not be able to reveal the identities of the people who dumped, perhaps they can shed some light as to the behaviour of these dumpers in general. This may need some remuneration for them to be interested in doing it.
d) Nice visual illustrations perhaps showing the amount of coins instamined and the amount of DRK dumped over time and also to show 'whale buyers' buying it up showing that these whales were not people who originallly dumped it.

I know many just think that we should just move on from this and I agree, but I think proper resolution is required for the newcomers as Dash should do its best to shake off any stigma from this if possible as there is often the perception that devs control the majority of masternodes.

​

https://www.dash.org/forum/threads/addressing-the-premine-issue-for-good.7330/

https://github.com/dashpay/dips/blob/master/dip-0008.md

Dash Budget - 12 days to go - Time to Vote
https://www.dashcentral.org/budget
https://app.dashnexus.org/proposals/active

Great to see much activity here. DASH is in safe hands with an active community.

I appreciate your response, and above all I appreciate your interventions, since on more than one occasion your help has been very useful for me.

Mainly I have been invested in 4 projects:
BTC
ETH
Vcash
Dash

With the passage of time I have been acquiring a higher percentage in Dash, and reducing the rest, and the reason is that its infrastructure attracts me, and its operation is of great quality.

I have not specified to register in Bitcointalk or Reddit, nor in any Discord ... I am not an active user, but I do read and analyze what I usually invest in.

All I tell you and the Dash community is that we can have the best gem in the universe, and that gem be covered by tons of dust that will make it invisible and finally forgotten.

I do not seek to retire with this investment, I simply regret that the idea is lost and its development because its price falls so low that it is impossible to finance the treasure.

I have no doubt that there is an attack by the exchanges towards Dash to prevent it from re-emerging, and we have many evident evidences such as the increase of the masternodes and the low freefloat. With any hype news the price would fly, however when good news comes (almost daily) the price does not rise, if not stagnating and low.

I see projects that I have followed and that have exceeded the capitalization of Dash (now they will come to tell us that this data is not relevant ... but it is, especially when we finance ourselves with it)

Why Dash has gone from 4th to 15th these years?

We were almost 5 times the capitalization of Monero and now ...?

XRP was on par with us and without contributing anything new in months, now it is worth 14 times more

How can we explain that data to a world that only cares about sensationalism and not to understand what it uses on a daily basis like a credit card or a bank account?

I have been operating for decades in stock markets and most shares, they have what is called a caregiver, (it gives liquidity and avoids high volatilities) ... I have no doubt that BTC ETH and above all XRP BCH and BSV have a carer for avoid losing capitalization on the podium, since they understand the showcase that generates towards new investors, especially institutional or strong hands.

Dash obviously does not have something like that in the markets, and it's a shame, because everything he has financed in these years in the hands of a market maker and a carer would prevent holders from suffering the humiliation of seeing unscrupulous exchanges generate false volumes and prices to the bottom to subtract prominence to who really should have it.

Thank you very much for your ideas, help, and contributions, and I hope and wish that Dash does not fall into oblivion, I at least will not forget it.

This week (July 18) at Dash Core Group!

- Completed work to enable signed Windows binaries with the next Dash Core release to provide extra security for Windows users
- Completed work on a streaming endpoint for DAPI, which allows SPV clients to efficiently and securely get historical transaction data and proofs via HTTP
- Team resolved a few bug fixes on DashPay and updated the transaction card UI
- Completed the full rollout of the DashWallet (Android) v6.5.1 release, which includes fixes for some crash issues related to resetting the blockchain and restoring backups

https://blog.dash.org/product-update-july-18-2019-31ebf2b701

Coinmarketcap regards ROI as :

Another milestone has been reached by Digital Cash (Dash) cryptocurrency, as the total number of masternodes count of its network clocks 5,000. This figure is reflected in a network report that was generated on Tuesday, July 16 2019.

Kinda funny to see Dash ranking 4th there with $28.61, while Dash is currently ranking
15th with $112

Makes those rankings pretty much useless. Also check the difference in trading volume between then and now.
From $7.8 million in 2015 to $234 million in 2019  
And lets not forget the marketcap you reference, from $203 million in 2015  to $1 billion in 2019.
Mind buggling if you think about it...

Anyways, forward and onward to the other half  

Weird, according your posting history you only started posting about Dash in 2017,
before that you seem to be involved in a lot of other crypto projects.

I have been with Dash since end 2014 and i'm pretty sure i have not seen you post or
discuss anything about Dash before 2017.

Anyways, if you just gonna disregard the many announcements these last two years  about Dash getting integrated
and added to all kind of exchanges and payment services  (including the just announced 250 ATM's) and
you gonna disregard Dash solution to 51% attack and you gonna disregard the Dash Platform that is getting released
this year through Dash Core v1.0 and you gonna disregard the funding that got Dash so popular in Venezuela and Colombia,
one has to wonder why you are with Dash in the first place 

https://www.dash.org/forum/threads/testnet-official-release-of-bitcore-libraries-and-insight-api.10863/