Topic: Bitcoin problems are pushing me to Dash ! Thanks Amanda Johnson - page 6. (Read 6450 times)

 DASH, good choice. 

 Amanda Johnson  is beautiful.

 

Must be that Zcoin that Roger Ver invested in (rank 58 i think)....

Neither Zcash nor Monero (nor Zcoin or any coin that current exists, except maybe Steem but I think it is probably doomed by its whale heavy distribution). I'll let this be my last reply unless some new issue of discussion is raised.

P.S. Afair I don't know anything about Zcoin, unless it was that coin I had looked at long ago that was based on the original Zerocoin accumulator.

Lol seriously you delusional Dash supporters, please stop promoting this pemined scamcoin.

Lets have a look at TX count : https://bitinfocharts.com/comparison/transactions-dash.html

So your shitty litte network is processing about 1.5k TX per day, not growing with time .... and you want tell us something about scaleability. Lets talk, when you reach Bitcoins TX count of todays, (prop around year 2300) and else STFU. Then we will see how your network scales, but I doubt you will reach 350k TX per day in our lifetime, because there is absolutely no growth. Bitcoin is processing more transaction in 6 minutes then the Dash network in the whole day ....

Please people dont sell your precious bitcoin for this premined shitcoin. Just look at the network TX count, its not growing over time -> no adoption at all. Just a bunch of scammers taking you bitcoins away.

Even DOGE! has 7 times the TX-Rate per day on avarage compared to Dash !  Think about that ...

You can't prove it is decentralized, because you can't prove there isn't a Sybil attack on the ownership of masternodes. Given the skewed distribution of tokens at the start due to the sneaky "bug" instamine, it is sensible to expect that most (let's guessestimate a majority or supermajority) of the masternodes are owned by "Evan Inc.". Why would the insiders give up control of such a marvelous alleged "scam", especially given that speculators apparently keep feeding Evan Inc. more money (unless the market liquidity is Evan, Inc buying tokens from himself to fake the liquidity and manipulate the price upwards)?

Decentralized is not the same as distributed or replicated. Please consult the dictionary if you disagree.

I've been thinking more about what Evan Inc. could in theory do to the market place if the float was only a tiny fraction of the insider controlled money supply. It means that any selloff by any person who owns Dash will only cause a short-term drop in the price, because the insiders can buy tokens from themselves and raise the price back up again. This gives the illusion that there is liquidity for those Dash holders who want to sell. If anyone with large holdings (e.g. $100,000 of it) wanted to sell Dash, they would crash the price. If 10 guys with $10,000 each of Dash tried to sell, they would probably crash the price. I VERY MUCH DOUBT YOU CAN SELL DASH WHEN YOU NEED TO.

It is possible the Evan Inc. might try to absorb your selling if he felt it was just a test. But sustained selling of only very tiny amounts of the marketcap would I bet crash the price.

And this is why I think you are crazy to sell Bitcoin and buy Dash. Bitcoin has liquidity. Dash I bet doesn't (but I can't prove it without doing a test).

If there is a way to short Dash, someone may want to do this test and make a lot of money if the hypothesis is correct.    You could force the insiders to buy at lower prices to stop you from covering your shorts, which they might do so that you lose and they lose also. So you might need very deep pockets to win this war. You'd probably also want to make sure you are anonymous, because it is not beyond the realm of plausibility to ponder if this group could possibly have ties to mafia and retaliate bodily.

Each masternode needs to have 1000 Dash in collateral (which can be kept in a personal cold wallet). The transaction of that 1000 Dash is to be verified by the network
at all times. Move any of that collateral and the network will not consider that masternode operational anymore and it will not receive any masternode payments.

Available Supply / Combined Masternode Collateral



http://178.254.23.111/~pub/masternode_count.png
http://coinmarketcap.com/currencies/dash/

I have been pointing to masternodes and why they are so very important since 2014, and there are plenty of times when Dash was at a very very low price point at which people could buy-in.

Dash's Masternodes, what are they ? how many are there ? why should i care? --> https://bitcointalksearch.org/topic/dashs-masternodes-what-are-they-how-many-are-there-why-should-i-care-860067
Date : 17 november 2014

Dash just like any cryptocurrency could be considered a scheme but it is not a ponzi scheme, just like Bitcoin is not a ponzi scheme.
Dash does have economic aspects that i suspect will play a much larger role in the future :

* Annual 7% decrease in block rewards (coming up in a few weeks actually)
* Dash has a second tier (masternodes) that is rewarded for the services it provides for the network. This will provide a strong and secure network, possible prevent heavy price fluctuations in the future
and attracts longterm investors.
* Blockrewards are influenced by number of masternodes and hashrate : if they get lower the blockrewards go up, if they go higher the blockrewards will go lower till they reach minimal level
(Dash has been on those minimal blockrewards for sometime now).
* Dash has a decentralized budget system that is funded directly from the blockchain. Budget proposals are voted on by masternodes. Independance of budget and governance enables Dash
to create its own ecosystem and expand drastically from there.  
 
  

I think their is need know the amount of Dash tokens that are being held in their so called master node for me it is a POS coin, the amount of Dash available for trading is very low, so it is very easy to pump a very low volume coin. Dash ponzi scheme might last for more time and even hit $100 before the ponzi burst.

Looks like Amanda B Johnson reached Roger Ver as well :
Welcome to Dash .. Roger Ver

Here's @rogerkver list of #Bitcoin competitors he diversified into for better privacy & cheaper transaction costs as of 6m ago #anarchapulco
https://twitter.com/ToneVays/status/835233366203072513

and in a few months: DASH problems are pushing me to...  
dash is a huge scam

I did not create this comparison overview, i just stumbled upon it  in our ANN thread and barely read it
at first. But when i did read it i came to like it .. eventhough its lengthy.

Anyways it shows some key points of difference between Dash and Bitcoin in an easy to read format.

Could have also thought about and analyzed some of the claims for legitimacy.

The elegance of the marketing of the masternode scam to foolish speculators is quite impressive. But it doesn't create any paradigm-shift to help you with real adoption, unless one can argue that fooled speculators will work tirelessly to create adoption (which might be true to some small extent but is not likely to be a viral, naturally in demand phenomenon). I admit speculators will be hoodwinked by the masternode bullet points (even though they obscure the scam of it).

By "scam", what your detractors allege is that the insiders are ostensibly always siphoning off the lion's share of the capital and investing in more masternodes as necessary to maintain their lion's share. (There is no way to prove they are not doing this, so why wouldn't they?) Thus Dash is a centralized ledger with 3000+ replicated copies of masternode software mostly run by a few guys all named Evan, Inc. (and perhaps all on the same cloud providers such as Azure or Amazon AWS thus Jeff Bezos and his employees can de-anonymize everything easily because the anonymous data is unencrypted on the masternode servers and all the data on all the masternodes is visible to a couple or few cloud service providers):


Btw, you could have done us the favor of making it not more lengthy than it needs to be for legibility.

Here is an interesting comparison between Dash and Bitcoin, i must warn you all though its a bit .. uhm .. lengthy :

I remember that YouTube video of the Evolution pre-announcement in the Netherlands and Evan's eyes began blinking like crazy when the question was posed, as it is the case when someone is lying. And the stone cold look on Evan's face when the question was dropped on him and he couldn't respond.

The at some later conference we had a photo of him and fluffypony arms over each other's shoulders as best buddies. Hmmm.

Apparently he is an amiable guy in person.

When (was that 2014?) I as @AnonyMint went into the Darkcoin forum to tell Evan that CoinJoin could be jammed (given I was the person who had afaik first told the core Bitcoin developer @gmaxwell that his idea of blacklisting jammers was nonsense because the entire point of mixing was to prevent the ability to track users in any blacklist, duh), I was not in an amiable mood. I thought Evan was creating BS technology. He then offered the spontaneous idea of masternodes to prevent the jamming. He was so amiable, that I just backed off. The community interpreted this as my endorsement, and at that time I didn't think I should interfere so I just STFU. So I sort of am a tiny bit involved (a pivotal factor in the history) for enabling this outcome.

At that time, @AnonyMint (myself) was pushing very hard for anonymity to be prioritized. And I was one of the guys since 2013 that had popularized the concept of anonymity. That was aided when Hearn proposed redlisting for Bitcoin. And then the anonymous coins came to fruition in 2014. Obviously others such as the Cryptonote developers had been working on anonymity behind the scenes. So actually I was just a tiny factor overall for anonymity (although I don't know to what extent my public posting had motivated those others or if I was influenced by others such as anoncoin and Gmaxwell), but apparently I was a pivotal one in Dash's Darkcoin inception.

@dinofelis' summary of the history is also an excellent distilled, retrospective.

The soap opera of crypto. And we aren't tired of it yet.  

what i find more intriguing is Amanda (a DASH propagandist) is getting paid by for her services.

not that I'm against somebody having a source of income...i say, go Amanda and earn, you are good at marketing.