Topic: DASH has less than 10 transactions per minute and is worth over $700,000,000 atm (Read 1836 times)

So, they are the same thing?

My draw to DASH (limited investment currently) is the governance policies: 40/40/10 reward and 'masternode' voting.  I seems interesting, but I'm still 80% BTC, 15% LTC, 3% ETC and 2% DSH.

I am going to look into running a full node because it's cheaper than the miners and has the same reward. I think others will see this too and may lead to security weaknesses: entries, but not the hashpower of security.

Right now it's a gamble and we're trying to bet on what is going to win with some of these.  I use BTC as currency and the others as stores (except LTC, which is undervalued).

hell, ill take any coin to take over ethercrap!

I just can't feel bad for people who paid .1 btc per Darkcoin or DASH or whatever it is called this week to appeal to suckers.

Name a major darkmarket that accepts dash as payment.

Dash (dark) has a very large following.
even on the dark web

Exactly, this is why only ETH can take a run at Bitcoin... DASH is a Super-Bubble.

You don't say.

I bolded the one that I personally believe they are doing.

This one works better if they keep the price high and steady and don't do any big dumps and just sell off their masternode earnings for profits at a steady rate.

My personal opinion is that they keep the price high by developing the coin and doing marketing and other things to make it easier for new people to adopt and use the coin all while their master nodes are tying up liquidity.

It does not benefit them to destroy the coin.

I personally dont believe they are trading between themselves to keep the price up as this ultimately costs money to do.

Seems like a lot, however if you divide the BTC marketcap by the DASH mcap. you see the market is about 21x larger. If you do the same with transactions, say 10 per minute for DASH and around 240 per minute for BTC, then BTC is 24x larger in terms of transactions. Doesn't seem too out of line to me.

DASH seems to have good governance policies. It's sustaining, in theory, but with the profits spread I think it will lead to a miner cap and an overabundance of full nodes.  A lot of insecure full nodes is where I see vulnerabilities, but that's how bitcoin started.  I'll keep watching it and may buy some if the price comes down because I like their mission and focus on the end user.

So you are assuming the instaminers haven't manipulated the market to get cash? Because there's no way they could sell at artificial highs and then dump and then buy at the lower price and then support a new high--I mean that's like impossible or something.

And that's not considering the easy scenario: greater fool enters (let's say his/her name is Wodger Der), keep selling to Der, but be sure not to dump too hard and keep the all time high at a level for more than a week without a dip (because that's natural).

Or better yet, hodl all your instamine stash, collect fees, then buy more masternodes, and since you have a huge monopoly, just let the price rise on factors normal to markets and never sell--you fees go up and you keep getting more nodes and you can control the market price by not lifting a damn finger.

Or better yet, it doesn't matter how it got there, all the instaminers need to do is hodl to keep the price up--it's called limiting the supply. Now, what gets interesting, and was my point, is if a new coin has better features or offers a more fair path to distribution and has the same market focus--do the masternode holders panic or get greedy and go to the next coin? I'm betting they do and Evan and Der will burn their funds trying to fight it, until they can't.

exlucisve coin is new altcoin, with volume transaction 58 bitcoin/day
is not campatible if you compare exclusive coin with DASH

I think a lot of Dash's price is pure adoption combined with masternodes sucking up liquidity.

The thing you have to remember with Dash is they have a good marketing budget, and are getting on a lot of exchanges and even a few Visa cards, so you can literally buy Dash and spend it anywhere.

Not a lot of altcoins (if any others?) have that.

*edit*

Ethereum is on Shakepay too.

I think thats it though.

You need cash to trade UP the price, the instaminers can only trade DOWN the price (unless, they also have a lot of cash)

Do you think it is overpriced or still underpriced? Monero has less than 2 transactions per minute and its market cap is about 300M USD...

Dash is to good to waste it to make transactions with it.  Today's fees might be worth a small island one day.

Yeah I'm just waiting on that.  Honestly,  I didn't think Dash would ever get so inflated,  and having seen it I did not think it would last this long.   People in crypto are insane.  Too bad I didn't keep the 7 or so Dash that I had at one point.  Oops!

You sound a bit butthurt, do you want to talk about it ? We can have a group session right here, right now.
And dont worry : what happens on the internet, stays on the internet ... right guys ?

Some people with some BTC / soon to be obsolete baikal miners had some fun.
And some exchanges like poloniex had their way with this ridiculous pump

Hope you enjoyed it , cause except the speculators with dash no-one gives a fuck how much that scam coin costs

I guess you have to have coins to sell coins and being instamined is a pretty prime market to corner.