Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 929. (Read 9723748 times)

The thing you're leaving out, is that the current market cap is largely based on demand for interest earning coins. A demand that has to level out eventually and can quickly reverse if 1000 dash stored in master nodes suddenly become a losing proposition

Afaik mysql was dropped in favor of sqlite, so no need to fear about 12.1 being too complicated.

And while evolution might be some time away, we will hopefully see tons of alpha/beta releases throughout the year, hopefully in an iterative manner. Expect to use testnet way more in 2017

Oh, that's interesting! In my mind I thought that the 12.1 quite complicate because it requires mysql.

Bad user experiences may drive Bitcoin users to other cryptocurrencies

The final result from lower Bitcoin performance is that some users have been driven to abandon it altogether in favor of other digital currencies. Amanda B. Johnson, a web show host and former Bitcoin enthusiast, now holds Dash exclusively and promotes the cryptocurrency via her web show Dash Detailed, after becoming disillusioned with Bitcoin over delayed online purchases:

“The first time Bitcoin's network congestion and fee chaos affected me was when I placed a Purse.io order earlier this year. I was using a popular Bitcoin mobile wallet and figured it’s recommended fee would be sufficient. Nearly 24 hours later, I was still waiting for a confirmation, meaning no Amazon order had been placed. That's not the future of money.”

The bits you left out are the part of the cycle where the supply-demand curve balances out and re-asserts itself again. If you look at a 3-day chart of Dash since its launch you'll see that we've had about 3-4 full cycles of saturation/sell-off/re-establish demand so far and I've described this more fully here in terms of a dynamic interaction between two segments of the coin supply - a "trading" component and a "reserve" component on which holders earn interest.

'Dash's goals is to be USEFUL.  To be a currency.'

Remember, although 12.1 will have better functionality and a few nice abilities, like starting your MNs really easily, Evolution won't be here for about another year.  But, testnet will be a really fun place this year!

I would suggest that you guys dump your masternodes before Dash falls below .01. You don't want to be holding a bag of Dash when BTC climbs above $1000.

Thank you very much for clarifying that.

I am eagerly looking for the release date.

Hi there, a few people have asked similar questions on DF/Slack so let me clarify:

The term 'App' in the Evolution marketplace really means 'Merchant listing' or any entity that is providing a paid service, and it's a listing rather than a traditional App that you install (although this term was chosen because in future we can implement more in this area..)  But Apps don't run on Masternodes, they are really data structures stored in DashDrive

So if you are an e-commerce Merchant, a POS retailer, a game developer, a vending machine operator or a masternode hosting service, when you signup an 'App' in DAPI you get an API key and then you can enable payments within your webstore, game, app, soda machine or whatever software / hardware you are selling through, by linking the DashPay lib into your source code then using it like a traditional payment API (e.g. Stripe).

The data DAPI will store for your app is just your basic listing info, a list of product SKUs (if you want), and a list of Orders which are raised by Dash users from your checkout.

So...yes you could implement a basic (e.g.) webstore without your own database and just rely on your App, product and order listings from DAPI, which relates to existing Dash users also in DAPI.  This wouldnt be enough for a full-blown e-commerce pipeline, but it would be fine for e.g. buying content in a game or e.g. monetizing user generated content in a social plugin where the app provider just wants to see basic billing / customer info.  This is a big advantage, because integrating crypto is so complicated for most businesses right now its one of the reasons they won't touch it.

A few other points - all of this is fee based, so every time an object is created / updated in DashDrive there is a small fee (but much smaller than TX fees because the data is smaller and it's also sharded in storage on MNs).

Also, Masternodes don't serve any code or content, DAPI is purely an API service.

We have a paper internally at RFC stage we should release next month that should explain it a lot better than me posting a few things here

Andy

Proposal: Cash Alternative TV Equipment

https://www.dash.org/forum/threads/proposal-cash-alternative-tv-equipment.12494/

Please support my YouTube Dash promotion.

Cheers, Tao

Sure it makes sense. Most dash are stored in master nodes. Acquiring those 1000 dash to be able to set up a master node is what mainly fueled its past bull run. That by itself further increased demand for dash to set up more masternodes, closing the loop. Those people didnt buy dash because "they believed", but because they expected a ~10-20% ROI on a rallying currency. Particularly compelling during a period where bitcoin was pretty stagnant. 

But once the price starts going down for whatever reason, like a BTC rally, that ROI goes up in smoke and those same master node operators will run to the exits. Because they own so much of the currency, cause a snowball effect.  Especially when bitcoin is rallying.

As is, the masternode system creates its own price volatility, fueling bubbles on its way up, and in all likelihood, bloodbaths on its way down.

Lets also not forget about Dash Evolution and the decentralized masternode shares program that will come with it.
Dash Evolution will allow anyone to put aside a bit of Dash on a personal savingsaccount, where they will earn some interest on it.

That bit of Dash together with other people's bits of Dash will be used in the background to start more masternodes,
taxing Dash available supply even more.



 

Im doing neither myself. My point is, I invested capital in mining equipment and look to get the best return. The coin that a script selects as most profitable, enables me to do that. Which one that is, doesnt interest me one bit, I probably know nothing about it. I just care about the daily mining revenue and convert that in to some currency I do believe in.

Im sure a lot of people see dash master nodes the same way, like mining machines that dont require a ton of running cost. Like Hashtakers and Prime controllers, remember those? You invest a non trivial amount of money, to get an expected x % ROI. Which works fine as long as dash value is stable and certainly if it goes up. Which it did for quite some time. Not surprising, if people have to buy 1000 dash per node, and today what, >70% of all Dash is in such nodes?
that must have created quite a lot of demand.

Anyway, at some point, the number of new master nodes will level off, as the ROI decreases and the required investment keeps going up. THis will dramatically reduce the demand for Dash, most likely resulting in a price drop. Now you have a problem. A lot of capital was invested in those nodes, owned by a lot of people who really dont care about Dash but did expect a high ROI. If just a tiny fraction of them begin pulling out, the price just has to tumble and cause a snowball effect, and I honestly dont see where the demand is going to come from to keep the price from utterly collapsing.

But once the price starts going down for whatever reason, like a BTC rally, that ROI goes up in smoke and those same master node operators will run to the exits. Because they own so much of the currency, cause a snowball effect.  Especially when bitcoin is rallying

I wish I had checked the post history before I bit and engaged with the poster. Won't happen again.         

OH MY! THAT'S SO SCARY!