Thank Joel....great article. It encapsulates everything I've thought...and the reason why I've backed DASH this whole time. OG crypto ecosystem just doesn't get it. That is why Bitcoin adoption has stopped growing and is in fact shrinking. It is why all these other "crypto" projects wont succeed either. They are built and run by fringe members of society like cyber punks and crypto anarchists that don't value the rest of society. And thus will always fail in mass adoption because they can't relate.
It would be sad if dash gave up on anonymity and would allow mass surveilance on its users.
But that is what it has to do if it wants to get positive reviews from the western fake news media in the future.
However we already have such a coin its called "Ripple" thus theres no need for another one.
There are plenty coins with transparent blockchain, mainly bitcoin clones that get absolutely no attention at all.
Dash would not privacy would be Dash without fungibility, I am sure no one in the community can seriously consider that as a viable option.
Have I missed anything important or what is this discussion about? DASH isn't considering giving up on anonymity, is it?
That is an old thread you are quoting, and if you read the initial post and the replies that followed carefully then you know this is not about a consideration on giving up on anonymity. It's about an opinion raised in the first post that Dash will never get any real love from the Bitcoin community even if there was no instamine, or even if Dash did not develop the anonymity / privacy part. The first post goes into the why of that opinion (providing social and cultural reasons).
Personally I believe Dash perception and image has been improved this year, after it kept integrating, expanding and following through on its long road towards Dash Evolution and thereby making Dash both more easy to use and more easy to obtain. I guess we changed from the black sheep of the crypto scene to the somewhat more greyish sheep of the crypto scene
Do you really think DASH has ever been the black sheep of the scene? I mean there have been massive scams out there and DASH can neither count into that category nor be a category of its own in that regard.
What i do know is that Dash for a time was under constant attacks by trolls, had (and still has) difficulty getting any references (positive or negative) on Coindesk and was constantly hammered on its instamine history. This by itself could give people the impression that Dash was viewed
as the black sheep of the market. That impression does not necessarily mean it should be viewed as fact, and the article that
started this all was an opinion article so far i can tell.
Personally i rather view Dash as a crypto project in an underdog position (especially in the early years) fighting for regnonition of its achievements, rather then viewing it as a black sheep.
True although the instamine story wasn't wrong was it? Then again you could argue that the distribution of most of the coins is questionable.
No, the instamine story was not wrong. Trolls just tried really hard to falsely tie it all to a premine and a scam. Also a lot of other crypto projects had questionable distribution / startup problems.
instamine = mining instantly after launch to grab tremendous amount of coins by the founder and his friends to be later on placed as collateral to dictate the future of dash.
yup the instamine story was not wrong
Yes, the problem is that also master nodes are involved so there is an issue with a perhaps unfair distribution in the beginning.
they wanted it, here is a statement on the instamine by one of the foundation member/insider of dash team....it was meant to be unfair since day 1, they didn't admit it at first
instamine was brilliant. In fact...its now my belief that any successful coin must either premine or instamine to actually fuel a full dev team and a full blown project. We are creating a system to compete with fiat...not a crypto nerd token. Gone are the days when Bitcoin started when no one really knew what or where this was all going.
To create a system that will compete with any real money system will take 10's of millions of dollars in development and foundation building. It will take millions of dollars to actually fuel properly. You don't attempt what DASH is trying to do with childish dice games on shady gambling sites, donations or what ever charity one can cook up.
Instamined or Ninja Mined and even Premined...is a must.
https://dashpay.atlassian.net/wiki/spaces/OC/pages/19759164/Dash+Instamine+Issue+ClarificationFacts about the instamine
1. There was no pre-mine in Dash
2. ~1.86MM first 24h, ~2.02MM first 48h according to
https://chainz.cryptoid.info/dash/#@inflation3. That represents approximately 10-15% of the total money supply that will ever be issued
4. This coin issue rate exceeded the published emission schedule by a wide margin
looking at number 3, that amount of coins in masternodes, how many coins those (~1.86MM first 24h, ~2.02MM first 48h) earned through 2019?? that's the new golden question.