Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 422. (Read 9724017 times)

Craig Wright is bashing Dash because he fears the competition for his own pet often known as Bcash. Its a shame he stoops to that, its the kind of troll behaviour Dash seems to attract.

I'm curious about that flash crash. Any explanations being given?

I view it as potentially very bullish. It flashed to the EXACT bottom of my long term bull channel. A few years back I remember similar thing happening to bitcoin when Silk Road was seized. Wasn't long after that bitcoin roared to huge new all time highs. This might flush out the Lontonbits and Yontons leaving the hard core Dashers to reap the rewards. Its at levels where I'm thinking to start accumulating a few more duffs.

chart

A major selling point of cryptocurrencies is their purported trustless nature: you don’t have to trust any one person or entity in order to use them. Generally speaking, most cryptocurrencies employ a trustless and permissionless model. However, most also lack an effective governance mechanism. While some old-school crypto fans may think that governance is optional, in reality it’s the only thing that can actually preserve the original sell point of cryptocurrency, its trustlessness, past its initial release.

Great post.... I'm going to copy and post this often!

All things look good, despite of recent crashes.
For a long period of time, I have not seen Dash with flash crashes like this, maybe about a year.
So, the lastest one looks terrible.

Lets see, Bitcoin down to $7300 and Dash at 0.0397
Its a simple correction that some trader most likely had pre-knowledge about.

Looking at Coinranker the rest of the altcoins now endure the same correction (-2% to -6%),
Dash simply beat them to it.

From a strategic point of view its not very smart to idolize muggy Satoshi-wannabee Craig Wright
like Icey seems to be doing .. nope, not smart at all. But then again we are talking about Icey here,
not exactly our brightest trolll out there.

Rewards.com is sketchy as hell.  Do you really want them to know everything about your digital profile and spending habits, just for a few tiny bits of a Dash coin?

This is a privacy-hostile, intrusive, scumbag company.  They will have a great time working with the blockchain analysis company Dash Core is also paying.  What what their name, Coinfirm or something?

Lesson 1: Remember, BASHERS NEVER Bash A BAD Coin. Check the boards for coins with no potential. They never have any Bashers. Bashers only go after coins that are moving up or have excellent potential to do so.

Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. cryptos always have a few bits of bad news. The Basher will post this over and over again.

Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board.

Lesson 4:  BASHERS WILL LIE TO YOUR FACE. Never trust a Basher. The truth is that every crypto project will make mistakes. What new coin hasn't? The Basher will compare your coin to a another, trying to lure you into making an Apples to Oranges comparison. Remember each project is unique and while it is prudent to seek out established indicators, do so with care and don't take someone else's word for it.

BASHERS WANT TO WHISPER IN YOUR EAR - PLANT A SEED OF DOUBT, AND HOPE THAT YOU ARE NOT SAVVY ENOUGH TO RESEARCH THE TRUTH ON YOUR OWN. This is how they achieve their greatest success.

Lesson 5: Bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the vague statements they do. They rely on you being to lazy to research their droppings other than to scan the board for others opinions. This is particularly dangerous when you consider that Bashers work in packs and often validate and back up each others nonsense with what appears to be "innocuous and unsolicited" verification by comrade Bashers. Let's face it, we are all conditioned to "believe" everything we see in writing. If others by virtue of their "posts" also confirm this belief, then we are subconsciously doomed to swallow the hook, line and sinker

Lesson 6: The Bashers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie about information and you won't know the difference (unless you have done your own DD on the company and know the truth and facts).

This is your investment... work for it, protect it and don't panic on the words of every shadowy figure that "has your best interest in their heart". Consider that one factor: Someone you have never met, is not a member of your family, is now, out of the goodness of their hearts - GIVING YOU FREE ADVICE (that you didn't ask for). It's a no brainer. They have motives $$$$$$$$$$$$.

Lesson 7: Bashers play on your lack of patience. You have held a coin for a while. You know it will be a big someday, but the BASHER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the Basher is best. You are tired. You have forgotten the goal for the coin was to hold it for one year. The Basher is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a semi-Basher as well. THE BASHER HAS WON, AND GAINED A NEW ALLY - YOU!

Lesson 8: The truth is not important. Lies are the norm. Post continuously on the board every day. They are trying to scare the newbies that are just investigating a coin. They are trying to wear down the faithful longs on the board and gain free reign and control.

Do not underestimate a Bashers influence on a coin. The Pro's are good at what they do and what they do is profit from your losses. Luckily our dash Basher is a Grade 'F' Basher:
A complete idiot, most readers are not convinced he knows anything about crypto in general. The type that says a coin "sucks", but gives no rationale. Repeats themselves over and over.

Golden Rule:

IGNORE THEM ... In general, NEVER ENGAGE A BASHER. Make them read all the posts and think up ways to enter the discussion. NEVER ENGAGE A BASHER; if you do so then YOU BECOME THE BASHER,S AID! If you feel compelled to challenge a Basher do so without mentioning his/her true alias in your response. This will make it hard for the Basher to use your post as a revenue stream.

You are confused and unclear about what @ProfFauxtus actually said in his tweets, so I will clarify and explain the situation.

Craig didn't say Dash is a security, he said "shares" of Dash masternodes are (dangerous, unregistered, and illegal) securities.

Let's break it down so that you may understand more easily.  There are six (6) different concepts to examine independently and within the context of the Dash project in general.

1. DASH.  Dash is a crypto-coin in the context of the Dash protocol, but has been intentionally burdened with additional properties, which in financial/regulatory contexts make it what CNW correctly identified as "sub-units" of Masternodes and shadowy entities known as THE DASH FOUNDATION and THE DARKCOIN FOUNDATION INC. DBA EVAN DUFFIELD.

2. Masternodes.  You put 1000 Dash (~$300,000 USD) into a cryptographic bond proving to the network they are locked up.  That gets you interest payments and the right to one (1) vote on where to invest the Dash Treasury each month.  Masternodes are obviously a financial product of some kind, and were for years marketed as such (without the legally required risk, etc. disclosures) to unsophisticated non-qualified retail investors.

3. Masternode shares.  If you cannot afford Dash's extravagantly prohibitive cost to run a full node but still wish to enjoy the high interest rates for Masternode investment, you will be offered (by a few entities closely affiliated with Dash Core) so-called "shares" in Masternodes.  These are not really "shares" in any company or any actual Thing, which is among the reasons why Craig Wright took to twitter to call fraud on Dash's menagerie of multifarious fraud.

3. MNOs (Masternode owners).  MNOs control monthly allocation of the substantial Dash Treasury and are tasked with investing it wisely, following up on previous investments, and building out Dash's distributed governance structures.  Crucially (for legal purposes), even if MNOs don't vote or otherwise contribute/participate they still enjoy the exact same mathematical probability of getting Masternode payments as MNOs who do vote and otherwise participate.  This is the "expectation of profit as the result of the efforts of others" the SEC's Howey Test is looking for.  It is unknown what if any repercussions MNOs would incur should they vote for a proposal that entails illegal activity, such as funding doxxing/harassment of Dash critics or even assassination of Dash's political opponents.  Crypto-lawyer Jason Siebert stated on his Youtube podcast that MNOs are also subject to subpeona for breaking KYC/AML/anti-terrorism laws.

4. Dash Treasury.  Just as a corporation may (in certain very precisely defined circumstances and under very strictly legally-controlled conditions) print up more shares to raise capital at the expense of diluting existing holders, so does Dash print up over 6000 new coins every month.  These 6000+ coins are mostly sold for cash to fund the DAO's various investments, but this dilution and resultant sell pressure is accepted by MNOs because the indirect return on the DAO's investment of Treasury funds is presumed to be greater than the direct cost of the dilution/selling.  In terms of regulatory attack surface, the Dash Treasury is functionally equivalent to any other sloppy/careless investment fund and any other broke/greedy company holding an ongoing monthly stock issuance.  Unlike traditionally centralized organizations however, 100% of regulatory and other forms of liability pass directly onto DAO members (IE MNOs) because there is no traditional fictitious legal entity to absorb and thereby limit liability.

5. DCG (Dash Core Group).  Dash Core is the direct beneficiary of the bulk of monthly investments made by the Dash Treasury, as directed by the MNOs who bother to vote.  In terms of the Howey Test, DCG represents the most salient example of a third party making promotional and development efforts on behalf of MNOs' and Masternode "share" holders' profits.

6. The DAO (Decentralized Autonomous Organization).  This is the sum collective of items 1-5.  It's a lame attempt to appropriate cyberpunk fiction and even more lame attempt to evade legal accountability by supposedly having nobody actually be responsible or liable for anything.  The fiction of the DAO's ostensible decentralization is obviously a convenient yet implausible lie, given Dash HQ is located in Phoenix and the DCG located there is voraciously consuming >50% of the Dash Treasury (while at the same time, suddenly imposing arbitrary limits on other projects so they cannot compete for the dwindling funds remaining).

Shhhhhhhh.   Its always a good sign with our biggest troll shows up.  Something is afoot....the Trollero Camp is up to something.    All this has been part of the fluffy pony brigades plan all along.  The MN count is raising again...which means those that know...know this is good sign.    

hey icewanker,

I haven't been on the forums for a while but always a good sign when you're FUD-ing hard on DASH.

So, you expect DASH holders to sell and run for the hills because "Dr Craig Nakamoto-Wright" Tweeted some crap about DASH being a security or whatever-the-hell he tweeted about?

Hmmm, now why would the supposed creator of Bitcoin take such a keen and sudden interest in DASH, its Masternodes and how the organistion runs?

Maybe his interests lie in another crypto's and he's threatened by what DASH is doing?  I guess we'll just have to wait and see what comes out in the wash over the coming months.

And why do YOU take such a keen interest in DASH?  Have you heard the expression: Cultivate ones own garden?

Maybe Monero wouldn't be so shit if you spent a little less time over this side of the fence?

More exactly, terrible flash crashes in Poloniex., lol.
It is likely that someone get richer easily, someone lost most of their money due to DASH crashes.

Dash isn't looking good today. Dash goes down when bitcoin goes up or down. It seems like nobodys buying??

Well, It's kind of a weird question.
Do some research about btcp and you'll find an answer. It's not so hard and takes less than a minute.

Should I sell my dash for bitcoin private?

I saw that Dash has a partnership with Rewards Token. The Rewards Token is based on Rewards.com and on this website is Dash acceptable as cryptocurrency. I think that Dash will add value to this project and that Rewards ICO will also succeed.

I wish the project luck! Good luck DEV's.

What will happen with Dash this year?

Well...I'll be damned!  Look here...Icebreaker is MIA since early March....THEN BOOM!!!! He's on here full troll right after there was a mysterious dump of DASH.  I've always maintained that Icey is or was a whale holder of DASH.

1 time large dump of DASH in 30 minutes....Icey comes out of hiding to start trolling us again?  Coincidence?  I think not.  

Sloppy Icey...very very sloppy.

Now that's more like... All you wanna be trolls better pay attention. .. The Dash pro-troll is back! Always a good sign for dash.

Welcome back Icebreaker... We missed ya on here.

 

Dash Core Hires CTO

The Dash Core Group has hired Bob Carroll as their new Chief Technical Officer. Bob, as the new CTO, brings over two decades of experience in the database systems and technical management fields. Mr. Carroll adds to the growing list of strong Dash Core managers including Glenn Austin, the CFO, who has over two decades of experience from the finance sector, including UBS, Morgan Stanley, and CitiGroup. Then Business Development head, Brad Zastrow, has 17+ years of experience from the old payments world, including American Express.

Dash Core Updates Proposal Escrow Guidelines