Topic: Dash Sucks Dicks Dash Is Instamine - page 3. (Read 5010 times)

Partly yes, but only dash wallets generate money while in the wallet. If someone starts buying dash its not to like get 10 dash to pay his bills, but to get to 1000 coins (and that's what the bitcoiners do now) so he can start generating money/economy without actually doing any work. And this is way way more economically "locked"  that you can imagine.

Well done. You're getting there

No.  At every instant, with a non-interest bearing token, you CAN sell it from the moment you think it will go down.  If you hold it, you think it will go up.  With an interest-bearing token, you include the interest in your calculation.  You only sell if you think that the loss will be higher than the interest it will bring when you do not sell it.

Moreover, if most of the interest-bearing accounts are in the hands of the same entity that manipulates the market, he keeps it locked in to increase his lever on the market of course.

I've always said I'm bullish on Dash. But it has a use by date.
I just don't see how it can become "the worlds currency with the instamine incident.  It can be pumped now because 0.001% of the worlds population has heard of bitcoin, and a lot less people have heard of Dash.
It is doing well but I just don't see how it will survive wider scrutiny. 
To become the worlds currency it will have to explain to a wider skeptical audience why Evan told people he wouldn't start mining, only to do so while people weren't expecting it, and to explain why he reduced the number of coins.

I think we all know that it will collapse if it ever tries to get widespread. That said; if people make money before that by finding ä "greater fool" to buy then... good luck to them

 • Every coin in every wallet of every crypto where people are holding and not selling is "economically locked in".

 • The world gold supply that sits in vaults with the expectation of value accrual is "economically locked in".

 • 5, 10 and 30 year interest bearing bonds that are not on markets are "economically locked in". (Technically you can sell them but you'll loose your coupon payments, so you won't)

 • All the Bitcoin on orderbooks in the range above the current trading spread is "economically locked in".

The implication of the "Dash is locked in masternodes" FUD is that the supply is blockchain constrained, not "economically constrained" and therefore somehow shouldn't count towards marketcap which is not remotely the case. Here's an example of a coin which does use that approach:

But this is exactly why it will rise like crazy: most coins are not liquid, the "market cap" propaganda works, and tells now to the world that it is 3rd largest crypto, greater fools stream in, pump it even harder.  Evan is a genius.  He will become way more rich than Bill Gates (or go to prison for illegal securities...).  Moreover, being totally centrally controlled, Evan can do what he wants.  No "scaling debate", no "fighting over this or that".  DASH is Evan's coin and it will have a (virtual) market cap that may even one day outperform bitcoin's.  If he dumps slowly enough on all greater fools, he will end up making the DASH market liquid, be immensely rich, financed by all greater fools into Evan's pockets.  Simply a genius.

It's locked because it generates money without any work and no one would unlock/spend a resource that generates money without the smallest effort. Even more if the price of this resource grows.
Do you really think that someone will ever invest in a financial system that benefits only couple of thousands people on the planet who will be like kings for eternity like in the middleages. Where is the fairness here. This is even worse than the middleages.  And only because these several people once had the luck to instamine on a broken code. Oh my little funny dashers, you are delusional. Enjoy the temporary pump of this scam though.

No, it is not a myth.  It is *economically* locked in.  Technically, you can move it, but you lose your master node, and its reward.  So you won't.

If DASH's price rises, you keep it because you get a *higher* (virtual) rise than DASH's rise (you get an extra interest).  And if DASH falls, but less than the reward, you are still on the winning side if you keep it.  This is different with a coin that has no PoS mechanism, which is hence fully liquid.

Just to clarify. No Dash is "locked in masternodes". This is a fudster myth

(A popular one, but still a myth).

How can you be the worlds currency when millions where unfair mined the first 24 hours and most of the dash is currently locked in masternodes and the market operates with like under 500 000 coins. Do you think someone will ever unblock his stash if dash continues to rise. So you want the "world" to operate with like only thousands of your precious dashes , lol. The money shouldn't be part of the economic, like what do you work? - dash. lol.   The only point of money is initial fair distribution, zero  scam history (and don't tell the usual dash jutification of instamining -"the code was broken because we started the project as a joke, but the community did't want to change it" - wtf does that mean?) Your code is btc/ltc copy paste and you want to be something else than like ltc - a temporary primary pump and dumb btc hedge coin - no way. You dashers are pathetic.
 P.S.  The fact that the btctalk super idiot Spoetnik endorse it should ring a bell too. LOL

They are piling in because.. $54.26 at 'theCap 

And if idiots live in a glass house...

The butthurt is strong in this thread... Carry on boys, and let Dash be Dash. We'll see you again when we're the world's currency. And you guys will still be yelling scam.

So their reasoning for instamine is basically this: "Dash is earning its place with no VC funding or ICO"

Translation: According to Dash developers if coin is launching without ICO then some other form of boosting is needed.
Apparently if you want develop honest coins these days you can't do this without some sort shenanigan. Sad.

It's also not anonymous. It's coinjoin with "master nodes" that can see inputs and outputs, which does not make it anonymous, in fact in many ways it makes it much easier to track you than plain old bitcoin.

They focus on marketing not technology, and that can fool a lot of people but ultimately when someone uses dash for something that really does need to be private and it takes the cops 2 seconds to catch them it will come crashing back down to like 50 cents overnight.

In the big scheme of things these "digital pump and dump schemes" have been going on for quite some time, it's no surprise they have now reached an anonymous currency. I would expect to see more of this in the future with the huge influx of different altcoins coming into the market now. Always remember the "it's too good to be true rule." Stay safe out there.

Am I the only one who's enjoying Sputz "FUD first, ask questions later" policy on coins has backfired in dramatic fashion due to his shilling dash? Dude, Sputz, you REKT your own game--hope you are cashing out those dash as quickly as you get them or else you might die under the weight of that greater fool contraption you defend. My guess is the first rat out is lean enough to swim.

xmr is seperate issue........make your own xmr threads.

this is a dash thread.



that's what you said about dash so why defend dash using xmr as an excuse?

its a diversion nothing more.

You are making it too obvious that you're now a dash shill.

Is dash a scam yes or no?

answer that... then if you must talk about monero.

I will be posting your dash is an ultra scam quote on every dash thread I see you protecting it on.

After that if you persist I will make a thread to analyse your change of heart on this matter.

Don't continue shilling for dash else your credibility will be gone and you will simply be discredited and known as a dash shill.

All your previous good work will be lost.

Arguing over what is bad ?
How about that ideology you love to spout off Troll's ?
Does that include sugar daddy Risto and his centralized control of Monero ?
How about handing your ID to Poloniex to buy anon coins ?
Should i go on ?

I get a kick out of how you choose to exercise your morality.
You all randomly take it out for a walk around the play-pen like hypocritical babies.

When Monero idiots live in a glass house they oughta STFU.
..or don't (you're the ones lookin' like idiots here not me)  

Anyone can see the Monero cult idiots are bitter that Dash is $50 a coin.
Hence the massive attacks that keep coming the more the price rises.

Monero tard's don't you have anything better to do with your time ?
Worried about coin prices huh ?
Well maybe you should spend less time here making accounts trolling and get your Dark Market coin adopted ?
Don't be mad at Dash for doing work when you all do fuck all but hang out here whining for years like hypocrites.

You have never answered the difference between

1. a captive instamine
2. a premine

do so now so I can laugh at your blathering on.

An announced premine is a far more honest way of taking the coins than a captive instamine.


Tell me now how the result is any different with a premine and a captive instamine where only the devs have a chance of mining and everyone else is held out?

captive instamine = deceptive premine.

Dash dared to call it a fair POW release.


spoetnik was so disgusted he called dash an ultra scammy coin.


although lately has started to refuse to confirm it is a scam which has caused many including myself to speculate that something perhaps a payoff from dash has caused this change of heart.

Dash is still an ultra scam right spoetnik??

why would pro dashers even keep bumping all these threads?? defending this point??  there is no defense.

Why not just say hey it happened no point excusing, denying, twisting, spinning ...

We took the coins in an unfair manner totally opposite to what we said we would do in doing a fair POW coin release.
We admit it. Its done. Its over.

Then perhaps dash can just be allowed to continue without this continually on the main board. It started as a scam if you want to support it in the chance of making money then go ahead. It is boring to even keep talking about it after 2 years nearly 3. Just admit it and move on.

You know people will then bring up the slashing of the minting and magnification of the instmined loot. So why open up the entire can of worms.

When people mention it just say yes its true. You make it worse for yourselves by excusing or denying it or arguing over the exact terminology to describe the same thing.

As if a young lady who was penetrated by a 12" dildo is still technically a virgin.  

Maybe if we sew (patch it up), nobody will notice.

Ah fuck it, who cares about virginity as long as we can still cum.

But later on in life, when we catch the mother of our kids fucking the postman, we ponder whether it was such a good idea after all.