Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 818. (Read 9723733 times)

Smoothie, whwere are you?

Sry, I ment this:

Smoothie, whwere are you?

Doesn't Peercoin's minting set up for POS avoid these issues and manage a much more reasonable return rate?

what bet?

Care to make an escrowed bet (Ognasty/Blazed could be options as an escrow) that by the end of year Monero will have outperformed Dash from now (Feb 17th, 2017) until Dec 31st 2017?

XMR = 0.01257 BTC
DASH = 0.01909 BTC

Bet amount = 1 BITCOIN

We can have the proceeds of the bet sent to a charity of our choice once the wager is done.

If you win, my part of the wager goes to the charity of your choice.

If I win, your part of the wager goes back to the charity of my choice.

In either case the winner keeps their original bet amount.

Let me know.

You mean 1000 dash, because not so long ago you could have it for $4-$7 each.

1000 it's a collateral, so won't be able to operate thousands of masternodes for free and be able sybil attack the network.
If the price rises to btc parity, then masternodes and miners could vote for a decrease the amount needed.

Is there any reason why masternodes require a certain amount of coins up front to operate? Like a legitimate technical reason dictating requiring $20,000?

Can't shake the feeling were on the verge of something huge here - it won't happen overnight, but the fundamentals are shifting.

I was thinking about this on the way home from a quick errand this evening. How does one quantify the impact of a self-funded monetary unit? This is some seriously groundbreaking stuff, I can't think of anything like it - ever. The best way I can wrap my head around it is (1.01)^x where 1 is the base value and the 0.01 is the added value from increased development.

With a Market Cap around 20m the impact will be slow... with a Market Cap of 200m can you imagine the proposals that could be funded? Move this up to a bitcoin-level market cap and it's jaw dropping.

Best is yet to come, can't wait to see how this develops 

So going with the whole overtaking BTC idea, a masternode would cost $1,000,000, and the person would get paid out a 45% interest rate on block rewards. That doesn't sound very sustainable.
Hell even right now a masternode effectively costs more than $20,000.

At the moment interest rate is ~9%, so I doubt it will be 45% then  

edit: "45% interest rate on block rewards" - that's correct

...So going with the whole overtaking BTC idea, a masternode would cost $1,000,000, and the person would get paid out a 45% interest rate on block rewards. That doesn't sound very sustainable...

It's a 33% rise 

...Dash went from .018 to .024, a 60% rise...

i highly doubt this part....

and the big holders can wait until 0.1 BTC...if ever people will pay that amount of money for a coin...might as well just go for BTC.

DASH is designed to be held and gain thru interests (for profit-masternoding only)..not to be used as an average joe crypto currency..welcome to the usual pump and dump.

People keep it in masternodes because masternodes offer value to the network and receive a compensation.
People keep dash in masternodes because they have a long term belief in the project.
This is not artificial, just smart design and smart vision.
Few big holders is not an issue for the network if these big holders are smart people with a long term vision, which it seems they are.
What do you think is better, premined network that creates value for the users and creates value to non-users of crypto by reaching out to them, or a non-premined network that is lacking in dynamism and innovation ?
Yes selling pressure will come from big holders, but they would be stupid to start selling now IMHO. They should wait for DASH to be at least at 0.1 BTC.
You think 0.1 BTC is too high ? Well, some of the big holders know they are going after the king bitcoin, their vision is to overtake BTC long term.

Now I agree that this ride is too fast and will correct, but it might bring DASH to another level in the short term so holding might be the best strategy if you are not a trader.

X-posted from Dash Nation Slack:

I've seen several people in this slack who are worried about when the correction will come. This is very reasonable, and commendable even. Don't get caught up in the FOMO. I don't see a correction coming on the price of Dash (other than the typical oscillations, but nothing like going back to .017 or anything). It's important to remember that technically DASH is not worth $26 apiece. DASH is worth .022 BTC each, and BTC is worth 1160 each.

DASH's actual price (in Bitcoin terms) is at a reasonable level that we've seen several times before. As @toknormal  points out, there is every reason to believe that this price can and will climb in the coming weeks/months.

The second thing to remember is that the vast majority of our USD price gain comes from the BTC rise. We were at .0245 a year ago (or was it two?), but at that time our price was only $6, because BTC was sub-$300.  The reason we're seeing such high valuations right now is because we are increasing in price (in BTC terms) while BTC is increasing in price (in USD terms).

I fully expect a correction of BTC before the ETF news comes out, but of course I could be wrong. Also, a successful ETF throws all the charts and TA out the window.

Try not to think of it in terms of "Dash went from $8 to $26, so when is the bottom going to fall out?" Try to think of it in terms of "Dash went from .016 to .022, which is a reasonable increase over a couple month period." IMO of course...not investment advice, etc.

Man are you still standing your bet proposal, 1BTC?