Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 68. (Read 9723748 times)

I thought Ryan Taylor's proposal to @ImproveTheEconomicsOfDash was supposed to stop the sell pressure. Those darn miners are still selling! Maybe you need to give moar to masternodes

If Dash is losing value you won't want to hold it. If you are not holding it then to use it as payments for instant transactions is a hassle because you have to buy some dash first before you make the transaction, defeats the whole point of the instant transaction in the first place.
First you have to want to hold dash.

If you hold dash in small quantity perhaps you resent the masternode who cream off the lions share of the supply. Resentment is not a good starting point for investing in Dash. First you have to want to hold dash.


 

Obviously I don't agree with you and have posted no end of evidence as to why. I'm also still waiting for our "efficiency" in terms of lower POW to show up as improved store of value over other coins which retained their full POW quota.

It also raises the question in my mind of what people with your view are even doing invested in Dash because the only reason to inherit bitcoin's protocol IS to inherit its economic model and POW is central to that. If you don't value POW then all that switches around and becomes a burden rather than an advantage. You can get a whole lot more versatility in terms of utility from a pure proof of stake ICO token that didn't inherit all that "baggage".

No, Pang is right, the reason why the coin is undervalued is because fast payments are no longer an interesting or a desirable property of a coin.  Wasting more money on needless toil (mining) is not going to make DASH any more desirable in a world filled with SOV narratives coming from a new wave of mega billionaires.

The problem is that many people in the Dash decision making process don't understand why it's undervalued.

Dash's utility features only make it competitive as long as we retain a high level of Proof of Work. They are available everywhere else EXCEPT in high POW coins.

So throw away the POW and.....baby.....bathwater.

MDGA and cancel the doom factor of the two posts above by restoring POW without any loss of utility.

Dash is in the middle of its coin issue, why should the selling pressure be exhausted?

Masternodes and miners launch their coins for dollars or for BTC every day.

The currency does its job well, but that does not mean it attracts capital.

Fast payments are no longer interesting and people prefer not to doubt the Lightning Network and use it instead of exchanging their valuable BTC for coins that do not stop losing capitalization in front of the king.

Years ago when something about EVO was mentioned, Dash rose 50% in a few weeks, now, a few hours before a big launch, nobody stops to look, because it seems that Dash is an obsolete currency and without great news compared to the polkadot universe or DEFI or any ERC20.

I love Dash, it is a great ecosystem if used correctly. A well-focused monthly budget could launch the project to the stars, however, while other low-budget currencies achieve big milestones with a handful of programmers, we spend thousands of dollars here and everything is delayed again and again.

Will this time be different?

Zilliga's recent escalation brings hope, even though they are very different projects.

Maybe this time it's Dash's turn?

Masternodes that today could own 100 BTC if they had changed in their ship time, but who preferred to stay here. Will we see if time brings them back to reason? ... not for the moment, but life does not end here.

BTC rises Dash stalls, BTC stops, Dash falls, BTC recedes, Dash sinks.

Will we change this?

I hope I'm wrong and so be it, because I think this coin is very undervalued for what it can do right now. LTC looks like a fireball towards the stars, Monero is slowly approaching Olympus, ETH looks askance at $ 1000, and we barely have the strength to hold a measly $ 100.

Health to everyone.

Techincally this makes sense as we reach a selling climax and eventually they will be exhausted and then a reaction up can be expected before the down trend resumes.  Also, we have the Evo testnet release in 24 hours and that milestone is bound to generate some interest in the coin, so a bounce here seems likely.

DASH vs BTC is in a bit of a steep descending wedge which normally should break to the upside. Given that DASH is making new all time lows let's hope so.

Should break up no later than Jan 3 but likely before... maybe as high as 0.0047 BTC. If it can break above that then there's resistance at the 50 day MA which is roughly 0.0049 BTC now...

BTC looks like it's overdue for a decent pullback (30% dump) but it looked that way when it was around $24K as well so maybe it still has enough gas for a run to $30K before it tops out for a bit... if it follows the pattern of the last 2 cycles it's this next pullback that fuels the beginning of alt season...

Decency, cleanliness and aspirations proportional to every contribution, the only ones that can be considered legitimate. The simple contemplation of any global collective organization chart already clearly indicates that not being a thief is already, unfortunately, a great contribution. Knowing that growing a shared asset makes your individual wealth grow is essential ... and as simple as that. Everything that goes beyond this formula must be carried out at the really surgical level ... even if the particular desire to push the project implies added inconvenience ... assumed. He who cannot bear them, simple : let him turn away.

When a position in any hierarchy generates more returns than those strictly proportional according to the agreed criteria of ALL its members, that structure is dead as a collective association, because the human factor exceeds the approach - the parasite is devouring its host -. DASH, which is probably the biggest display of personal influence in crypto, is a splendid example of this. Real transparency, which must be constantly cared for even if this limits the scope of the project, is a good way to limit the movements of any type of personal management.

The half dozen claims that the DeepBlue member neatly summarizes in the post that I repeated here a few days ago, perfectly exposes this type of personal conditioning factors and the abuse capacity of those who particularly have certain special powers. And by the way, the deliberate ignorance of  its claims - the "silence for response" / "administrative silence" - ... is also corruption (by omission, but absolutely decisive) ... as much as that committed in the irregularities that it exposes in a close-up, direct, of these management abuses. Omission so comparable to the "administrative blockade" in the bureaucracy that manages any of the public administrations that we can see assaulted by the manipulative political parasites of the West ... who are supposed to be the most advanced in the world and are nothing more than another paradise of parasites ... most of which are limited to "looking the other way", a position of excessive impunity ... when that is enough AND NECESSARY to damage the "common good".

A rigorous 1: 1 backup in REAL WEALTH (proven store of value assets) against the main asset (which would also be a constant resource for target price discovery beyond "selling smoke") can be impeccable against corruption of the proposed system, because it already guarantees an inalienable wealth which limits the distortion of the main token ... since whoever differs from the evolution of the project, can claim their corresponding assets without diminishing their private contribution or the general interest of the rest of the members. That is a question of defining and work it. Anyone always has to have the freedom to pick up their suitcase and leave. Of course ... before 4 corrupt devalue your property with defaults, lies and cheating. Working on that is of prime importance.

On the other hand, the MODULAR operation that is sought with a fork destined not to "divorce" but to co-exist independently within an original project - precisely so as not to have to assume its vices, or what each "modular element" of This collective structure considers vices - it must be guaranteed as far as possible to each of its members.

DASH, with its current technology, should already have infinitely more prominence in the crypto ranking than it does ... but it is a centralized project, hijacked ... and therefore, logically, despised by many of those who contemplate it from the outside. Curiously, governance is continually exposed as a "secondary" resource, which is not assumed by those involved (while, even more curiously, access to this governance is blocked by the vast majority of its members   ). If governance in DASH is continually bogged down, it is so that those who benefit from its status continue to be ( that a couple of dozen people, like DCG, insure 60% of a literally ruined Treasury or that a couple of hundred owners continuously and disproportionately drain that treasure for their own benefit and to the obvious detriment of the main asset - the currency - and even cut rights or rewards to other elements of the structure ... are simply obvious but anecdotal examples of the ridiculousness and the fallacy that a personalistic and centralized approach like that can achieve...and that , without developing adequate mechanisms, unfortunately they will be constantly repeated on other ways) .

Coincidentally ... the profile of charlatan phonies who take advantage of these grotesque imbalances are the first who demagogically use attempts to convince the Mnodes that the Treasury is not "free money" ... or "freedom of expression" from shameful media Informational intoxication. (In my country, and I suppose that in many ... are the  most thieves and shameless politicians,  the first to reproach the population that works like beasts and is deeply in debt for their public robberies that ... "they have lived beyond their possibilities"). DASH - or rather, the distorted perversion of the initial DASH project that exists today - is exatcly the same garbage in the crypto industry.


It is absolutely necessary to get hold of that mob by the balls. A  fork from within renouncing its shenanigans and making them apparent by sheer comparison ... will condition them.Otherwise, they will continue to authorize all their whims with 4 excuses ... they don't need more.

A dash fork would intrigue me a lot I can't deny. But not sure what I can offer in terms of supporting that end. I have invested a lot of myself in dash and even now as someone barely invested anymore can't help but stay interested in the dialog.  At the current time I have lost interest in investing in dash masternodes or any other masternodes for that matter.
 
If there was to be a fork I would like to see a 'hard money' version of dash, more in line with what I thought I was signing up to when I first invested, something a bit more bitcoin like. Dash and all dash clones that I am aware of tend towards soft money, proof of stake, the supply is viewed as free money to dish out generously to masternodes, budgets, even charities in some cases, in fact almost anyone but miners.

The problem for me is that I have reached a crisis in confidence in the entire masternode concept, I'm not sure a fork will fix any of it. I have been very vocal in my disagreement with the change to the reward allocations. Birdonthewire paints some colourful imagery about corruption and centralisation that I also sympathise with. I strongly suspect that the nature of masternode governance will always pull in that direction, drinking too much from the fountain of free money minted by the blockchain. Too much temptation to vote themselves more power. To the eventual demise or irrelevance of the project.  

I can illustrate my doubts by comparison with the book Animal Farm. In the book the pigs overthrow the humans who are acting unjustly towards all the animals. Maybe akin to a new Dash fork with new rules. But before long the new regime of pigs start making their own new rules to benefit themselves at the expense of the rest of the animals. In the end the rule of the pigs has become indistinguishable from the humans they replaced.  I worry that same old problems will manifest just the same in the fork,

LOL !!!  

I NEVER lie, you idiot ... I was programmed like that and i'm too old to change it. If you send me a private and you don't even remember ... go to the fucking doctor. Or your brain or your finger, or both,  are not working.

About the off button that you miss so much, between blowjob and blowjob, you can ask Valenzuela the intoxicator, he is a specialist ... although I think he only works on info channels controlled by DASH kidnappers. You need to launch a new "transparent and libertarian" channel of DASH ... or suck higher on the Ponzi. Happy decision!  

On open channels, like this ... you have to screw yourself up and read whatever other people think. Sorry ... life is like that.

Anyway, you know ... go to the Thunderdome, mourn your sorrows in your retardeds therapy group and invent new traps against the REAL DASH community. Either that ... or the doctor. Your problems, both ...

Well...Kisses, sweet girl     ... Don't bore me with your empty shit showers ... you used that cheap loop from the first post. Cut and paste ... and we all win.

And smile a little, damn it ... ... or get rid of so much indefensible shit. You also choose.   

You are a lying piece of shit, where is your off button?

Nice rounded out 15-minute Macintosh-D on the Dash/BTC market.

Does it have the oomph to break out on the BTC/USD correction ?

That is the question.

That is the trick and the identical coverage against FIAT's credit / monetary, expansive and contractive cycles ... as the one I raise against BTC. (In fact, if you put away all the "free literature" BTC is basically a FIAT catalyst that exponentially amplifies those bubble creation and drainage processes).

Central banksters always have the most valuable "joker" to raid the market lows...every markets lows (what those fiat scammers disguise and call "Crisis", which for them are only "recharging points", moments where they can keep all the "Monopoly chips" that have not been insured - freed of debt -) . That has been the "camouflaged / misunderstood" role of Gold for centuries.

The FreeGold system that many interpret - stupidly - some idiotic Goldbugs included - as a claim to the Gold Standard ... what it actually claims is exactly the opposite: A total liberation of Gold from any monetary system and a free quote as a world SAVING standard) : Joining the three basic monetary attributions of money limits its respective particular optimizations, creating a permanent conflict . It is unavoidable.

https://en.wikipedia.org/wiki/Triffin_dilemma

(By the way ... and in the opposite sense ... the maximum expression of this attempt to separate money in various roles will be the imminent CBDC - hyper-flexible means of payment for charlatan political elites that does not affect the "currency savings reserve" - )

Supposedly fiat is unbacked and yet central banks hoard gold. Thats curious

No. Own emissions improve the performance of these assets ... as long as they imply a constant dump to them and avoid unnecessary parasitism. You talk about a GOLD backed stable coin. In this case, you don't just have a Gold-backed token: you EMIT Tokens with that value. The nuance is crucial (although it needs a rigor of impeccable execution)

To the RTaylor trying to raise awareness for Mnodes to understand that superblocks are not "free money" I would say: Your claim that "The sky is the limit" was, in 2017, the DASH's
 arrogant gravestone.


edit: Regarding the lack of support as the undisputed base of "Untrustworthy" assets ... that interested dogma was possibly imagined by our friend Nakamoto to consolidate his extractive standard   :

Only exposure to BTC nullifies the BTC black hole. The first project who break that norm probly will create a sustainable crypto standard. (and it will probably end in the medium-long term, by destroying BTC, not consolidating it , curiosly )

In any project, it achieves its core asset to take advantage of BTC withdrawals in the crypto ranking (contractionary cycles of their extractive "drives") and therefore shields itself of  a half of the process of creating and draining bubbles inherent to BTC.

But in DASH, the tax on the "pumps" that Duffield created self-financing the project (expansive cycles of BTC - or other speculative capital - invading DASH wealth estructure). it shields the project ALSO in the "expansion" half of those artificial bubble creation cycles ... so DASH would be 100% protected and BTC traps would benefit him entirely , not ruin it...at BOTH points of that pendulum motion

BTC would either leave DASH alone ... or enrich it. Simple (but ... his problem   ) THAT is - crypto - financial freedom.

You do realise that the whole point of crypto is that it's unbacked ("trustless") ?

If you have to back it with anything you're better off investing in the "backed" asset itself rather than a token that represents it contractually. Why don't you invest in Bitshares ? That blockchain meets your specifications perfectly.

Decentralize it, whether the current elite likes it or not (if it is not done, no solution will be decisive in the medium and long term, only patches for the "too smart" of the day, - the solution for "modest" Mnodes is not to maintain frame of influence, because that influence is symbolic ..., but rather to have one of authentic relevance in a non-manipulated frame).

Support it in solid assets, Gold & BTC, and establish a cumulative, progressive and constant trend in the price, bullish and of absolute rigor. Everything else will come by itself.

In case of wanting to influence the "central" DASH, which not only should not be renounced, but in which one could "military" from outside, Reserves also in DASH Mnodes. And use them as a lobby, not separately, as do those who threaten the decentralization of DASH. It is essential to dilute the decision-making power of the whales.

It has to be everything, every step, totally altruistic and without commissions, ICOs or other nonsense or similar particular benefits ... always subject to the growth and enrichment of the project (growth must be a consequence, not an end). In the revaluation of the network and the token must be its power and the key to its value.

In short: A "modular" and independent fork in DASH constantly arbitrating the decentralization of both the generated fork itself, and the central project.

The two or three specific nuances that condition this approach ... to dev.

I propose you to do something and get Dash to $250-$300 where it should be right now. can you do that?  just do it, and no one will say anything to anyone anymore.

I've never been able to quite work out what your problem with Dash is or what you're proposing to fix it. Masternodes will always be there, they'll always be profitable, they're needed to support the 2-tier protocol.

What exactly is it you'd propose to change, expressed calmly, and without swearing or otherwise antagonistic rhetoric ?