Topic: Dash: The Future Internet Of Money? (Read 15563 times)

ETH is bloatware today.. imagine in the future if its supposed to get some relevant amount of volume usage. The blockchain is TB+ now on that thing.

Bitcoin is way better suited. If the smart contract needs some sort of complex stuff not doable through Bitcoin Script, there's always Rootstock or sidechain solutions.

I don't know what you mean by governance... the system is working and is scaling. And I still don't see the competition that threatens Bitcoin's #1 spot at all.

Can your washing machine order up washing powder from your local supplier using your Bitcoin identity to charge it to your account? It can, it takes a bit of clunkyness but it's easily possible. The thing is, there will be an almost infinite number of examples like that and, as you've mentioned with Eth, trying to do that via a single system causes a ridiculous amount of bloat and at the end of the day you've got to ask yourself, do you want that from Bitcoin?

That's why niches, Bitcoin and the Lightning network might well put Dash and InstantX in second place as digital cash and if it does then my hat is off, fair play and Dash will have to find its self another niche but more likely they'll comfortably co-exist in parallel. We'll have to wait and see how that pans out but Dashes governance model is giving it a huge advantage in adaptability and it would have a very good chance of carving out a niche elsewhere. Governance is something Bitcoin really needs to catch up on fast, innovations are going to be coming thick and fast from all angles and it'll become a much more competitive environment before there's any sign of that settling down.

enforcing worldwide spread is not easy, and perhaps not doable.
They tried doing it with porn in the 90's, file sharing in 2000's and so on...
and servers kept over heating and got fried up

I still dont understand why your'e calling waves a scam only cuz it made an ico (like everyone now).
Its devs are legit, real names with real work behind them.
So they thought charles and kushti are friends which will support them, and were wrong, apologized and moved on.
everyone got their asses covered legaly ofc..
so if you think all ico's are scams, you got lots of work now not just on waves bro

Please clearify. tnx

As an example: I can show that dash is an oligarchy, whether intentional or not, due to the way their paynode scheme works. These systems are designed to work trustlessly, so any hiccups (intentional or not) should be invalidated by the design, not left-up to the good or bad intentions of those who are engaged with it.

No one can fork Monero without the support of the decentralized miners. The distinction from the Dash masternode scam, is that a masternode is staked only once with DRK (Dash tokens) and earns 50+% ROI per annum forever after for the largest holders of Dash tokens, thus further centralizing the coin meaning there is a centralized oligarchy which the investors are relying on for their future expecation of profits which afaics fulfills the Howey test for what is an investment security that is regulated by the Securities Act. A decentralized PoW miner is constantly expending on electricity in a competitive free market. Owning a lot of Monero doesn't give you any leverage as a miner.

New post to better articulate why permissioned ledger, closed entopy systems likely have no value:

Let's psychoanalyze those want to troll me with a thread like this. Actually I have no censorship motivated objection about making a thread about me (I wish so much, it was possible to do something great without attaining any personal fame), it just feels really stupid because I (the idealist in me) think the technology is more important than the person, which is one of the main reasons I hate vaporware ICOs.

The salient quote is of course:


I've had that in my mind for a loooong time. Liquidity is absolutely necessary for the design, marketing, and distribution of crypto-currency, if you want to succeed.

I heard (from a community member) , that Evolution was simply a "lite" wallet.

What exactly do you like about Dash? I've seen a lot of negativity surrounding Dash here on the forum, I'm not quite sure wether the majority of it is legitimate or not.

I only own a small amount at the moment, so I wouldn't represent my holdings a serious investment position.

Asking about good points is a fair question, though. In no particular order:

Releases tend to, you know, get released. The last major release was a significant upgrade and seemed to have relatively few roll out problems. That speaks to the ability of the team to deliver.

It has low inflation, so in a weak market (one driven more by supply considerations than consistent demand) on might expect less price weakness from dumping of new supply than otherwise. I'm not sure about this though, as one can look to something like Nxt which has zero inflation and has still performed terribly, and Dash hasn't retained value all that well either. Nxt lacks Dash's structural incentive to hold though so that may make a difference (you can stake, but the rewards are negligible).

The InstantX system, while flawed, is like most "zero conf" systems in that is sufficient for casual transitions, and is deployed. If there were actually a lot of routine commerce going on with Dash that would be very nice. There isn't, but the feature being there means one obstacle has been removed.

Likewise Darksend is also not perfect, but again for a degree of casual privacy it exists and mostly works. This could until recently be viewed as a clear improvement on Bitcoin, although JoinMarket has come on the scene and is probably about as good as Darksend (which is to say both are flawed, but the flaws are different), so I'm not sure this is true any more. Darksend is still a bit more mature, as JoinMarket hasn't been integrated into any wallets yet, though I do expect that to happen.

In general, I don't like the idea of investing in what is basically a one-man asset, but as leaders go, Evan seems to do a good job and I would rate his day-to-day leadership as apparently favorable (I don't see everything "behind the scenes" of course so I can't say absolutely this is true). I think Dash would do well to develop a broader team of visible people with both leadership and technical skills though.

The idea of (large) coin holders voting to allocate a budget is worth experimenting with.

It has a high market cap ranking which has its own value in terms of visibility.

As a hedge it may be mathematically worth owning some even if you don't think it will succeed (though you do need to believe there is at least some change it will appreciate in value, which I do). There aren't really any other vehicles with directly comparable properties.

What exactly do you like about Dash? I've seen a lot of negativity surrounding Dash here on the forum, I'm not quite sure wether the majority of it is legitimate or not.

Those are some very good points stan.distortion, and I'm indeed interested to see how things go with these budget/governance systems (not only Dash but also some of the other coins that have similar approaches).

Thank you for the respectful and informative exchange. I have mentioned before that I own some DASH (which is still the case), and there are things I like about it, despite being critical of others.

Those are some very good points stan.distortion, and I'm indeed interested to see how things go with these budget/governance systems (not only Dash but also some of the other coins that have similar approaches).

Thank you for the respectful and informative exchange. I have mentioned before that I own some DASH (which is still the case), and there are things I like about it, despite being critical of others.

hello.
can some one suggest me where can I buy sell dashcoins. any trading site for Dash. I have earned some dashes and want to sell them for a valid rate.

Yes but not for years before there are any (significant number of) users. Hundreds or maybe 1000 should be enough for testing and build out.

It costs $5/month to run a node supposedly (number from this thread).  $10/month would probably be enough incentive for people to bring up a very large number of nodes, especially since people can own many nodes, which reduces the costs associated with running them.  I mean look at a coin like Monero (not shilling here, and I doubt there are any potential customers here anyway, just happens to be one I know). It has 100-300 nodes with no incentive at all. How many nodes would you get with $10/month incentive?

Quoted for posterity, so we can refer to this in retrospect when we can more clearly see who was the (ad hominem hurling[1]) fool here.

I don't how dash will rise, but I do know how it will land.

Thats strange. I wonder why he didn’t listen.

The thing is, bedroom wannabees that "nearly" wrote the new Microsoft Word and spend all day long trashing real projects on bitconitalk form such a rich source of authoritative technical appraisal.

Evan should understand that.

Maybe if you re-assert your awesome pedigree he'll entertain you   (You've sure entertained us).

Dash will rise when the time comes but i think i will not be that kind of mainstream like Etherium and Waves

I showed the high school level probability math that masternodes make InstantX insecure...Masternodes destroy the network effects that a coin needs to attain adoption.