Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 81. (Read 9723768 times)

In fact, they are contradictory.

Economic "crises" (necessary collapses of fiat monetary-credit expansion cycles ) corrupt the currency and therefore impoverish savers - conservatives - as well, not just debtors - consumers - .

The ideal is to detach the reserve of value from any monetary link and any monetary payement system of an expressly savings asset. As does the CURRENT  Freegold since 76 (a fact generally ignored, but more important than the closing of the Nixon'71 Gold window - The mainstream stupidly believes that the disunity of the Gold monetary system is a symptom of weakness ... that is why it is not explained that central banks have Reserves in a floating asset that has been x60 since its supposed marginalization ... and that, however, Basilea III already openly considers Tier1-).
...Anyway...those two monetary properties can only be optimized by separating them.

That is why BTC denies being a means of payment ... it is not just a technological issue. Those two monetary qualities (rigor vs. flexibility) counteract each other. And BTC chose a very good shortcut to monopolize the crypto standard. In this ASSUMED process of consolidation as a store of value standard - conceptually and commercially, "Digital Gold" - the cheap DASH gurus have been stupidly selling us that DASH is better than BTC because it is faster and closer to the approaches of Satoshi and blablabla... when its strategic move was absolutely obvious. The speech changed during the alleged threat to BTC of spring 2017. Although everyone associated it with "technological conservatism" it was a full-fledged declaration of principles and in the most maximalist discourse it was perfectly appreciated.

And for that reason, a means of payment like DASH must base its quality as a store of value on assets other than its main currency  and not to create "cheap" money (a fear of yours, as I have ever read you ...and i´m totally agree) .

The official DASH twist that could be seen perfectly in messages from the corrupt intoxicant Valenzuela will do about a year and a half - writing to dictation, of course ... that ignorant does not know where his ass is and where his mouth is - going from "HODL!" libertarian with raised demagogic fist graphics... to "DASH is TO SPEND ... if not, it's worth nothing." And that is a big mistake - because it devalues ​​the main asset on which the savings are executed and, indeed, can only create satisfactory returns with totally unbalanced incentives that keep a precarious structure in place, more unbalanced the more competitive the payement currency is -.

I think I know where they will lead that imbalance in the future, it is quite logical. But that is another question. By now, I suppose they've been loading BTC like crazy for YEARS and distracting naive Mnodes who think they are too smart ... and actually, they don't know how to protect their patrimony.

And it is that really what DASH holders should do, the more tokens they have, all the more reason ... is to consolidate DASH as a store of value. Which is exactly what they will NOT do with the antics proposed by Ryan Taylor (I highly doubt that with good intention - and, of course and of this without any doubt , not with the intention that he declares publicly -)

Choosing a great transacting medium and a great investing medium are not necessarily the same thing - unless they are explicitly made so.

Masternodes are enabling what Bitcoin and other crypto projects can't : to provide instant settlement of transactions, to provide protection against double spending and be more secure then Bitcoin. Masternodes are also the reason why Dash network can not be 51% attacked through proof of work. I will choose masternodes (Dash) and its fast transactions and its on-chain upscaling option (blocksize increase) and its low transaction fees over Bitcoin or similar crypto projects any day, regardless of 'production cost'. Simply because i value those features.

Also if exchanges run masternodes utilizing customer coins and can dump at almost any time, then why is our number of active masternodes over time not showing any of this ?
Looks more like wishfull thinking from your side.


Source : http://178.254.23.111/~pub/masternode_count.png

Reminds me of Dash early years, when we had trolls like iCEBREAKER, who was convinced that masternodes would be dumped on the open market and totally crash the Dash market.
It did not happen then and it is not happening now. If an exchange is indeed running masternodes, i find it more likely that they want to be invested in Dash longterm and keep its market healthy.

Masternodes are hilarious. It costs an exchange next to nothing to run masternodes utilizing customer coins and can dump at almost any price.
Satoshi (whoever) know more than a century ago https://bitcointalksearch.org/topic/m.415

Later years still eons away

That is as easy as directly backing a token that IS generated with a PC  with Bitcoins Reserves ... I explained it to you dozens of posts ago. Afbitcoins explained it to you yesterday with the Gold of the Central Banks and you don't seem to know either. The Reserves transcend saving: They are a standard foreign to the main financial system and that is precisely its qualitative advantage , let's see if you find out the fucking time. ( By the way ... if it hasn't been done in DASH for years, it's possibly because you don't want to beat and win BTC. There is no other explanation with people "supposedly formed" on Wall Street in the front line of an economic project... as I have no other explanation about the Tokenomics or whatever the shit that RTaylor released a year ago is called is just smoke and distraction).

Change the "altruistic" chip of your "essential mining as store of value", that argument is a thousand times proven invalid - and it was already very clear why you needed it or stimulated that line of opinion - ... and if it is your intention, contribute to improve DASH. I post to optimize DASH, not for personal arrogance or trolling. I don't give up my fucking time for that.

You're smart. You choose. Do you help DASH ... or do you prefer this corrupt shit?

Come back and assert that when you've managed to generate a bitcoin on your home PC.

Again? You said that yesterday, Santa Claus. You are missing the "HO-HO-HOOO !!!"  

Do you know who is going to sell that donkey to exhaustion? The same necessary info-bought intoxicants painting DASH in a world of Candy and Rainbows as Evolution's breach gobbled up tons of dollars while naive people to bankruptcy with a 4-figure token.

Where the hell have you been every fucking day of the years of delay, lies, wealth destruction and public scam? ... ah, sure ... parasitizing and deceiving.

And I tell you something else: DASH remains centralized and will continue with its "chair game" tending towards hyper concentration: Every day LESS parasites of monetary issues. Those with three or four Mnodes may be applying the vaseline to their ass.  

By the way, there was already circulating by discord - scammers are so idiots that you think that your arrogant and criminal shit in discord only read it yourselves  -, in the mouth of the most idiotic and indiscreet scammers, plans "in the name of the DAO" to deliberately ruin to miners and buy back their equipment at a gift price and with the common funds of the DAO. Common treasure ... to rob elements of the system that you want to eliminate after taking advantage of their capital and / or work ... absolutely worthy of criminal sanctions.

Well ... change "miners that charge" for "Mnodes that charge" ... and "Treasure hijacked by the Mnodes network" for "Treasure hijacked by MOST VOTE of the Mnodes network" - including the thousands of votes of whales that wait their moment, quiet ... while the little thieves do your crap - ... and you will see how funny it is to the vast majority of corrupt scammers who believe that your centralization of thief ants is the final one.

Anyway, Santa ... now, the "HO-HO-HO-HOOO !!! Christmas, I'm going to be the one to put it  ... you guys ,keep uploading colorful charts and wonderful futures and sucking two-digit DASH rewards . Little else will they allow you.

HO-HO-HO-HOOO !!!

- From $ 1650 to $ 40, now $ 90 ... but Mnodes "don't like their assets to depreciate"? Do you really think this is an extension to consider? Darwinism has already been in action for years, the point is that it is taken advantage of by early adopters who bought at $ 1 and go in frree ride of profits to increase their positions at the expense of a legion of deceived post-2017 whose patience and average investment it has bombed no less than 98%.

- The preservation of wealth is not inherent to mining, even if that was your initial message - whose excessive defense we could already verify that it was nothing but the camouflage of private tax interests, which greatly questions your interest in the strength and optimization of DASH as crypto project ... and that should be the only relevant motivation that manages to properly reorient its situation -. Miners are a necessary production-emission system, as well as security, as Mnodes are for other services, but nothing more. They are elements that must be sustained ... to achieve a structure of progressive prosperity. The optimization of collective financial resources is what will measure that prosperity in DASH. And it is so easy, that simply by moving that available capital away from the constant stupidities of the parasitic and / or irresponsible elite of the Ponzi and establishing a strategy of proven Store of Value Reserves, the difference would be exponential. THAT is preserving wealth. And any action on this proven and effective strategy of wealth accumulation and projection should be done under a microscope. (In a transparent, responsible and decentralized structure, of course ... that today is far from being the case).


Finally, only to point out that a group that has accepted the foolishness without the slightest foundation designed by RTaylor as an attempt to consolidate DASH as a Store of value and has followed its promoter in a single file and with arms crossed, will hardly consider a reset now on accepted decision. I repeat, just accepted. To put it mildly ... and no matter how much damage that decision causes to the project in general and by extension, to their own positions. But we already know the criteria that can be expected from the Mnodes network, these years of ravings have made it very clear. Unfortunately.

Beyond that, you do not refer to the absolutely indispensable decentralization of the project. And without that ... it won't work. It will be just a new inbred exercise in centralized and interventionist parasitism to perpetuate an ineffective structure ... and that, in crypto, is the shortest path to Darwinism (in the case of DASH, to the continuation-aggravation of the disaster we already see) .

The key that can open ALL the doors in DASH (which already has powerful resources today, but which are minimized / nullified by a centralization that distorts everything) is the DECENTRALIZATION of governance. Without that, the  ex-wall street "harmless" kid will go on with his particular roadmap while their future slaughtered sheeps stupidly blow his sails.

Imo, the solution must be alien to the current corrupt and ineffective structure. So ineffective that not only does it not generate leadership or talent ... but it has been expelling them for years. I even think of a continuity in DASH, but MODULAR enough to survive and grow within the project, independent of the shenanigans of the DAO hijackers.

It is possible to grow and set an example with facts. And whoever doesn't like it, screw himself. You just have to want to optimize DASH. Have that sincere motivation ... and let that, by sheer extension, pay off. It is perfectly possible.

Dash Platform & DashPay will be hitting Dash Testnet later this month, and have a targetdate of Q1, 2021 for Dash Mainnet.
Since both Dash Platform & DashPay have been on Dash Evonet & Dash Devnet for almost a year now, i think the targetdate for Dash Mainnet is reachable.

Dash Platform : https://www.dash.org/developers/


Source picture : from above mentioned website

DashPay

DashPay Username Registration Demo
https://www.youtube.com/watch?v=GtTaezpxQOs

Demo of DashPay Contacts and Notifications
https://www.youtube.com/watch?v=pQ3_Q45HdOA

Pay to User Using the Dashpay Wallet
https://www.youtube.com/watch?v=vw2CrHyQMVI

Dash future is looking bright. To those that invested in Dash, or stayed invested in Dash :



Of course selling most of your seeds at the bottom, will give you a whole lot less harvesting 

There is one other dimension to consider. Masternodes have a lot of capital at stake. They do not like to see that capital depreciate.

If, through force of reasoned argument, they can be persuaded that it's the very rewards they are receiving which are simultaneously draining their capital of value, then their self-interest may be redirected more productively for all (including themselves).

I think that Dash - being the first self governed blockchain - had to encounter this challenge at some point. i.e. that with voting power comes responsibility. In my opinion Darwinism will take care of it if masternodes don't because policies that don't work will lead to depreciation of the asset (which is what we've seen and are seeing) against other assets in our sector that are competing for investment.

As masternodes get ever lower in value (against the equivalent holding in bitcoin) they will simply get sold off to people with more constructive visions as to how they are best deployed. It's the fanboyism that's toxic. We need investors that are only interested in a return and who thoroughly understand the mechanics of how that return is generated. Nothing can be dismissed because the blockchain is our budget and we have three budgetary targets instead of one:

 • wealth preservation (mining)
 • service provision (masternodes)
 • forward investment (treasury)

For us to be highly competitive, there is no room for any "flab" in any one of them but right now masternodes are draining the other two unnecessarily. They have huge flab which only grows as price rises. It's not unreasonable (IMO) to characterise it as a tumour at high prices due to their fixed operating costs.

It is practically impossible from within. That's why blocking Shared Mnodes is a much bigger trap than people think ... nothing to do with the greed of little fishes for 4 coins. The modest Mnodes have chosen centralization and crap against decentralization, optimization and cleanliness, believing themselves to be beneficiaries of the scam ... but when they hear "Rome does not pay traitors" the laugh is going to be enormous. And poetic justice.

The worst part is the disappointment the real community long ago jumped ship, scammed and disappointed ... but there are options to decentralize DASH.Would you be interested in doing it? Recover and optimize one of the best currencies in the sector? Not a bad job, imo ...  

Anyway ... DASH continues to lead the way in the sector, but in its worst practices. After the "Free yourself !: Delegate your coins" in front of the "Not your keys, not your coins" ... we go to the "Smart pockets" in front of the Smart contracts ... and we continue with: "The code is law .. .but the law is me. "

The cheap scam is truly a joke. What charlatans swindlers.

@BirdOnTheWire but it won't happen. Can you really see masternodes voting to limit their own powers. This is why i have concluded Dash does not have a good future. There is always the speculative pump and dump though. Perhaps you time it right.

If a masternode coin is conceived with more limited masternode powers it might be interesting

Exactly, that's the key. The corruption of a rule affects ALL THE RULES. No matter the specific colored lights and fireworks with which they want to dazzle you and attract your capital ... everything hangs by a thread.

They can literally vote whatever they want ... and that turns any basic guarantee of DASH into a dead letter, it could only exist in an absolutely atomized and decentralized structure - like in a citizen voting system that reflects as many votes as population, an absolutely different structure to DASH -. Perverting and monopolizing their role in governance, by blocking Shared Mnodes - a voting niche that can only aspire to optimize the general benefit of the project because no one will support their particular benefit - the network of Nodes have voided any guarantee of the project, they can vote even against the general self-interest ... as evidenced in RTaylor's pantomime about his false reserve of value with which he possibly only sought easily bribable allies ... surely just to buy time and not expose voting power of the great owners ... until the final party. Simply with those types of scenarios at the level of possibility, the solidity of the project is water between the fingers.

By the way, it is incredible that Mnodes with few devices do that game to the whales of DASH, because the model tends to be concentrated ... and they will be the next to pay, it is only a matter of time. With the ideal low price, they will make you suffer like all the microholders who bought up in 2017 and finally sold, tired of being dumped and manipulated. Those who have hundreds of nodes can narrow the margin of their pump & dumps to ridiculous levels where those who have 2000 tokens will not risk ... and yet those margins will be profitable for the whales by sheer volume and ABSOLUTE returns, with which they will have more and more percentage of supply.

Of the unaffordable risk of those who enter with one or a few Mnodes at the 3-digit price, better not to mention. If you don't like Russian roulette, sure. And thus, the investment prospect, far from being attractive, is a real foolhardy. And it doesn't reduce DASH's investor profile to the "rich" who ridiculously exposes the cheater @xkcd, but to "rich FOOLS with little appreciation for their money". A most promising prospect for massive global adoption and project growth, definitely ... 

They just want to keep funding themselves ... and "clients" (not community members) like kleenex: Empty and throw away.

Thanks tok, you are one of the few that means a lot from. I dislike seeing you vilified by the likes of wormtongue, I mean qwizzie. Keep fighting the fight.

Immense point !

"anchored to the cheap cost of hosting a server".

That is so true. I'll have to use that. This is the monetary policy of Spork 21. To anchor the store-of value properties at the lowest operational cost which is indeed the cost of hosting a node. Everything above that is profit which will get washed away. Even speculative value will follow since speculative value is nothing more than the pricing in of future fundamentals and if there's one thing that does not attract capital it's other people's profit margins.

People need to let this sink into their heads IMO.


Never a truer or more urgently spoken word said.

Dash needs to focus on store of value. I mean ALL focus on store of value, forget payments. That means storing value in the chain. Finding every way possible to do this. this way every holder of Dash should feel they have something valuable to save, to keep as investment.. From someone who holds 1 dash to someone who holds multiple masternodes. This way  investors may start to eyeball dash as a good place to be. Dash is not digital cash. Not the way I see it. Dash should be much more than that, Dash is digital money. ( The name Dash sounds better than Doney though) . I invested in Dash when it was still Darkcoin thinking it was as good as bitcoin, better than gold if you will, ie a scarce and valuable monetary commodity. Hard money. I ran my first masternode marvelling that I could earn a share of such a hard asset like bitcoin.

However masternode owners are grabbing the wealth, even voting themselves more of the wealth. Seemingly too dim witted to notice they harm the very value of the thing they desire. And that is being kind, there could be less savoury factors at play. Dash has a very hard time losing the scam tagline which came right at the very beginning of the project.  The value added by masternode layer does not justify the huge cost in the form of masternode payments. It is a huge cost. More than half the entire supply. The higher the dash price gets the more of a burden this becomes to the network pulling the price back down. If Dash wants to be a stable coin anchored to the cheap cost of hosting a server then Dash needs to keep doing what it is doing. Dash should be called  Hosting Tether Coin.

Perversely the masternode community seem to accuse the miners of doing what they themselves do. Which is being too expensive to justify the cost. 'Hashrate is too expensive'. This is the most corrosive thing that came out of Ryan's idea to #ImproveEconomicsOfDash. We can never have too much hashrate for the same reason we can't have too much scarcity. We want a valuable Dash. Don't we?

You can't look at the last dash bubble without also considering at the time dash was seen as the primary safe haven of a hostile bitcoin fork event. That particular circumstance won't repeat.

In reality hashrate is what brings the value. Too expensive hashrate misses the point entirely hashrate is not primarily about securing the chain. Chainlocks will never replace hashrate as a way of synthesising digital scarcity . Monetary proof of stake coins will never be a success. Truthfully the service and governance layer is too expensive. Far too expensive. I suspect this will prove to be the downfall of all masternode coins, that they judge their own reward as most justified and most important. And with the power of vote they vote for it. In theory the governance can lead to good decisions that better the network. In the case of Dash and mostly thanks to Evan Duffield there have been many promising innovation in Dash. But all these innovations come at what cost. Half the entire supply pissed away. But human failings come into play and so the great dramas of life always repeat past mistakes in new ingenious ways.

I am very disappointed in the miners. I thought they might fight this idea of gifting larger reward to masternodes. Nothing came from them, only meek surrender to the masternodes. The power of veto was in their hands they could have blocked the masternode dash grab by not updating to the new protocol. It is hard not to conclude that hybrid mining / masternode operating suits the large miners  as a way of pushing out small miners who can't afford masternodes. There is a smell of power grabbing in the air.  If not that then the reasons are unfathomable and mystifying. Dash mining is largely already not profitable.

How to maximise store of value? Masternodes should make only a modest profit over the cost of hosting the node. (This is only the cost of running a server and doing routine updates, making sure it has enough ram and storage. spending time reviewing  proposals can be included too but as far as proposals go that is more debatable. Thats it. that is the cost of running a masternode) 20 or 30 bucks a month plus some time reviewing proposals. The collateral remains your own capital it is not a cost of running a node.

Dash needs to go into emergency reversal mode. First overturn Ryan's dreadful proposal to gift more fresh minted dash to masternodes and instead pump all excess supply back into the mining network. Dash is a proof of work coin. This means hard money. ie scare. Limited in quantity, hard to get. Valuable. This was the premise behind my original investment. Gifting it to masternodes as a mining of zero difficulty only dilutes the value. Dash needs something built into the protocol to adjust masternode rewards to remain only modestly more than the cost of running the node automatically. Dash needs all the rest of the supply to go into hashrate. To avoid a huge shock this could be phased in.

Dash needs to somehow prevent masternode owners being able to adjust reward allocations or other parameters like the overall total ever to be created or the emission rate, it should be determined by the protocol. It is unthinkable that bitcoin will ever get its 21million limit changed. Dash should have similar lines in the sand that masternodes cannot vote to change. Masternode desicsions should be more like an approval committee for grants to promising startups. Without this dash has no hope of competing ever with a real store of value coin.

Dash has an ace up its sleeve. The dash investment foundation. DIF. Dash is not playing its ace. The DIF is doing what precisely? Is it amassing great quantities of gold? Dash can do this. There are not hurdles to that happening. I don't think anything else in the crypto world has this power. The power that central banks have. Is it doing it? If not why not? What are they in DIF up to? Is it feasible Dash can own bitcoin too? If Dash amasses a massive portfolio of valuable assets, owned by the Dash network. This becomes a rising baseline below which Dash will not fall. Who will sell or short Dash when its marketcap value is below the value the DIF holds ?

Dash can do this. (theoretically) but it won't. I have not faith in the governance to get any of this done.



 

The difference, however is that when Bitcoin reached $1000 the second time, near on 100% of the $1000-per-coin worth emerging from the chain was invested straight back into upwards difficulty adjustments, thereby supporting that price across the chain.

As Dash approaches $1000, only $400 of that will go towards upwards difficulty adjustments. The rest goes increasingly to sustaining the masternode network which at that point will cost around $350 MILLION per year to run. For a bunch of nodes that other coins pay nothing.

$350 million that would otherwise have gone towards keeping the supply scarce, competitive and attractive to mine.

So if Dash ever reaches $1000 again it will simply snap straight back down as it did the last time. The new supply paid towards masternodes can do that. Even if ALL the node collateral remains locked up and nobody sells a node, even if ALL miners hold and don't sell, just the masternode rewards alone are enough to crash the market since they are:

 • given out for free
 • are therefore at a profit-take all the way down to a price of zero
 • have a never-ending supply available to them

You need to look at the develop branche, to get a sense of what is going on with Dash : https://github.com/dashpay/dash/commits/develop
Unfortunetely the graphs you mentioned do not include commit-activity from the develop branche and is therefore painting a completely wrong picture with Dash.
Do not rely on Github graph commit-activity & contributors with Dash, it is a known shortcoming of Github / Insights.

Any Dash Github commit is put in the develop branche with Dash, not in the master branche.
The Dash commits only get merged into the master branche, during official releases.

So far i know this is different then for example Bitcoin, where Bitcoin developers put their Github commits directly in the master branche.
Github / Insights graphs on commit-activity & contributors are working correct there.

Dash Platform, a very large and fundamental update that took 5 years of development will be on Dash Testnet soon (end of this month), which i assume will mean a whole lot of new contributor activity
and a lot of code commits suddenly appearing in the Dash Github develop branche. Should be interesting to observe.

Dash Platform is scheduled to be released on Dash Mainnet in Q1, 2021
This should then get visible on the Github / Insights graphs as well, as it gets merged into the Dash master branche.

Hmm it bumped up again on blocktivity and then dropped.. As far as I can there is very little development going on recently, just a roadmap claiming stuff is on the way.

https://github.com/dashpay/dash/graphs/commit-activity

and

https://github.com/dashpay/dash/graphs/contributors

well said