Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 58. (Read 9723748 times)

Main task for selling any product is to create demand.Scarcity does not come from supply but from demand. BTC and ETH succeeded in that.Investors are pouring billions in them and if they do not buy via OTC market,price will be much higher than it is now.So,theirs growth is organic,created through demand which greatly surpasses supply.

DASH went in another direction,wrongly believed that scarcity comes from supply.To make it even more "scarce",they gave masternodes huge reward to keep coins off market.We saw that this measure did not give any results.It does not matter if you product only few coins.If you do not have buyers for them they are worthless.

That misunderstanding of basics economics led DASH to its position now. Without making changes ,it will stay in that position indefinitely.

I didnt hear any meaningfull idea from DASH team about plans to create demand and attract investors.Instead,they want to give even bigger rewards to masternodes,desperately staying on the same wrong path of artificially creating scarcity not demand.

The risk I see is of continuing down the futile path of trying to be "less like bitcoin" and overvaluing the economic role of the masternode when we in fact inherited BTC's protocol and store-of-value model. Now we have declining transaction count to add to dwindling marketcap and competitiveness as we appear to be slowly heading out of the top 40.

The punishment that we have carried out in recent months is disproportionate if we compare it with other pre-mined coins or that have not had any development and have continued to increase their capitalization.

Regarding the bittrex event, we can see that the nodes have started to recover briefly, from a low of 4768 to the current number of 4793.

25 nodes recovered in a few hours.

Reviewing the portfolios of the large holders there has hardly been any movement, and I conclude that the 20% falls that we have seen in the Dash flash crash have been mainly motivated by speculative selling on exchanges that have taken advantage of short positions or buybacks below.

I still have doubts, not because of Dash or its development, but because of BTC and ETH, the verticality of the rise is not organic, and it could certainly go to $ 40,000 or something more, but let's think that a long crypto winter of years that as in past cycles would leave BTC over $ 10,000, where would Dash be if there is no decoupling from BTC?

There I see the risk right now.

a greeting

Dash core，What are you doing

no dissemination

A successful leader is a person who knows what they do well and does it, but they also know what their people know well and help them practice it.

If you do wrong, you can regret, repent, and make amends.

If you blame another person, a system, or an event for something you did wrong, others will not trust you.

Now the banker meet unexpectedly of wall street when often ask a question, it is you go to China, if you had not gone to China so the company that you are not an internationalization.

Two Chinese volunteers，They masqueraded as DashcoreTeam and fooled everyone.
They swindled more than one hundred thousand dollars out of china dashcommunity.

They screwed things up big time in china.
Two Chinese volunteers,Acting like a clown or buffoon.

I think the large internationally-operating exchanges have adequate compliance departments and are well aware of Dash optional CoinJoin form of privacy not forming a problem, regulation wise or legal wise.

It is the smaller exchanges in certain regions of the world (US, South Korea, Japan), that have or could continue to delist Dash to avoid having to communicate with regulators about their compliance setup or because of uncertainty about regulation or because of pressure from regulators, who perhaps have a wrong perception of Dash.

Source : https://www.coindesk.com/privacy-coin-advocates-crypto-exchange-delistings

Maybe if Dash Core Group suceed with getting in contact with US governement agencies and get them to remove Dash from their Anonymity Enhanced Cryptocurrencies list, those smaller exchanges in the US feel less inclined to delist Dash.


Source : https://twitter.com/RTaylor05/status/1345158205685436416

Dash optional form of privacy does not seem to form a problem in the European Union, this seems far more specific to US regulation causing smaller exchanges to delist Dash together with specific privacy-centric cryptocurrencies like Monero and Zcash.  


Source : https://www.dash.org/forum/threads/legal-opinion-and-regulatory-classification-for-germany-and-european-union-step-1.50201/#post-223131

Dash Core Group did manage to get some of those smaller exchanges that intended to delist Dash, to reconsider their decision and ultimately let Dash stay listed.

https://dashnews.org/okex-korea-pauses-previously-announced-dash-delisting-pending-reasearch/
Dash is still traded there : https://okex.co.kr/kr/view/exchange/full?coin=DASH&market=BTC

https://cointelegraph.com/news/australian-exchanges-delist-privacy-coins-amid-chainalysis-integration
Dash is still traded there : https://www.coinspot.com.au/buystop/dash

https://cryptonews.com.au/australian-crypto-exchanges-forced-to-delist-privacy-coins-or-be-debanked
https://www.reddit.com/r/dashpay/comments/ikg8m9/banking_partners_happy_for_dash_and_other/
Dash is still traded there : https://swyftx.com.au/buy/dash-dash/

But it seems a bit like one step forward, two steps backward lately with both ShapeShift and Bittrex delisting Dash.
Ironically Ledger (the producer of hardware wallets, located in France) introduced a feature not so long ago, that let users swap coins (including Dash) from inside their hardware wallet.
Source : https://www.ledger.com/swap

How will you see this ending? Is this just a misunderstanding from exchange's side or will they keep ruling Dash as a privacy coin among with XMR and ZEC? I am pretty sure that bittrex just want to avoid any legal battles and are unlisting anything in the gray area in order to avoid any legal disputes.

Please see : https://twitter.com/RTaylor05/status/1345158205685436416
US government agencies mislabeled Dash as an Anonymity Enhanced cryptocurrency (AEC). Some exchanges seem to base their delisting action on that labeling.

Dash is a fork of Bitcoin, has just like Bitcoin an open blockchain where transactions, senders and receivers can be publicly viewed and analyzed.
Both Bitcoin and Dash use a form of CoinJoin to optionally provide users with privacy on their transactions.
From a regulator stance or from a legal stance there is no difference between Dash and Bitcoin. Yet Dash is labeled an AEC, and Bitcoin is not. That is unjustified.

Link : https://media.dash.org/wp-content/uploads/Dash-PrivateSend-Legal-Position-EN.pdf

Other possible reasons : Dash is still regarded by many in the crypto scene as a privacy-centric coin. Dash used to be a privacy-centric coin in 2014/2015
when Dash introduced (as first altcoin) its optional privacy feature, but has since then focused on payments by making them instant, secure, protected against double spending
and instantly spendable by receivers.

These days Dash is focusing more on functioning as a decentralized platform where developers can create Dapps and store their Dapps data directly on the masternodes network (kinda like cloud storage) and making transactions far more user-friendly by introducing blockchain identities, blockchain usernames, paying to blockchain usernames, introducing a decentralized API.

Dash announces new update, social payment wallet enters testnet
https://cointelegraph.com/news/dash-announces-new-update-social-payment-wallet-enters-testnet

Dash Launches Public Alpha for Social Payments Wallet
https://bitcoinist.com/dash-launches-public-alpha-for-social-payments-wallet/

Dash Platform and the DashPay Dapp are currently live on Dash Testnet and are scheduled for release on Dash Mainnet in Q1, 2021
DashPay Dapp demo : https://www.youtube.com/watch?v=GtTaezpxQOs & https://www.youtube.com/watch?v=vw2CrHyQMVI

Some exchanges / services when deciding to delist privacy coins, may have included Dash because of a wrong perception of Dash (that Dash is still a privacy-centric coin or that Dash has a
private / closed-off blockchain).

Hopefully Ryan Taylor (CEO of Dash Core Group) can get in touch with the US government officials (the DOJ and FinCEN are mentioned), to have at least the mislabeling corrected.
Difficult though, with the transition of political power in the US and COVID-19 also rampaging in the US (and in the whole world).

Educating exchanges what Dash is and what Dash is not, is still an important task for Dash Core Group. Now more then ever.

Some exchanges started delisting xrp and privacy coins including Dash, and I understand they are scared from regulations but I don't understand why they included Dash in this list.

With proportional returns and , ovbiously, rigths,  for ALL supporters, logical and normal view in a real decentralized collective project ... a currency in a position to operate TODAY a global payments network would have millions of commercial agents around all the world. They now reduce the model to that anyone convinced of the possibilities willing to get involved in DASH has to beg 4 fucking coins from greedy cheats who don't even know what hole they're shitting through...as they go around the world, of course, "educating" people. After having laughed, trolled and despised each of the remaining projects and today pissing these corrupt thieves in the face ... now they have "Education" for the people. In addition to being retarded, arrogant.

Only being a real moron like the guys in this band can ignore it. Better 6% of shit than 3% of a real Treasure , backed and projected. Little more to say to that ... they already show themselves.

How do you live in coffin stability?
Devaluable and unnecessary DASH masternode, against ETH which brought everyone 10 times the profit)
DASH Marketers and Traders, Start Doing Something!
Otherwise, you will be thrown out of the hundred on coinmarketcap.
And then angry investors will shoot you in the knees

mentioning this for completeness sake here:

https://blog.komodoplatform.com/en/dash-zec-remain-listed/

What are you talking about? LTC is almost 2 dash ETH 11 dash. Is your head all right, or have other people's money overshadowed your brain !?

Today is a good day for Altcoins, and for Dash  
Turns out it was a look into the future after all.

Edit : ouch, Bitcoin price dropped about $6000.
Its recovering now, but that was a large drop.

https://www.youtube.com/watch?v=fBsz_4Bn5WA

Dash price starting to move, looks like low liquidity at Binance : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=5m
Or a glitch in the matrix, or a look into Dash nearby future.

Bitcoins rise



Might go further yet

I just checked, 4787 now. You can expect +1 soon(ish) though.
I don't know why people panic-sold that easily, but i appreciate it.

Freak what's with the dash?

Let's understand that ETH has lived a wet dream with DEFI projects and the demand for ETH to carry them out.

But let's be serious gentlemen. How many of these projects will actually be used and will provide the citizen with a real service outside of simple speculation?

There are hundreds of DEFI projects that have managed to gather between 10ETH and hundreds of ETH to launch vaults that will give interest to those who provide liquidity to the pools, and those who do long-term stacking with a token that has just appeared and we do not know very well for what it will do.

Would you really trust your savings to this, see what happened recently with COVER and this could be the beginning alone?

For me the rise in ETH has been nothing more than an artificial and baseless increase of a use that will soon be forgotten.

Dash maintains slow but steady growth. If demand is acceptable, but perhaps still high supply for mining and masternodes dumping for yields limit the possibility of faster ramping up.

Let's at least think that Dash like BTC or LTC has a maximum emission limit, while other currencies like ETH are not very clear how they will end up with a high supply.

If you have a good idea, you have to try to carry it out, regardless of the rocks in the way. It may take a few minutes or several lifetimes, but if the result is good, it will have been worth it.

I'm critical of Dash, what they read to me they know. Worse I admit that after using dozens of coins, I would stick with Dash as my everyday currency.

For example my last ETH payment had a commission of more than $ 1, and I no longer speak of a swap that is around $ 5 or even more if the network is saturated.

It's time to learn about the new Dash platform, and that should be the big topic we should be dealing with here.

We can always live in hope.

This is what it looks like to me. Dash had its pumps exactly when Ether got them. It just didn't make anything of them.

Feel the weight of that masternode network absorbing $30 million per year of capital out of the blockchain which our competitors spend directly on upwards difficulty adjustments across their whole chain to support their price.