Topic: Why Dash is still so high? (Read 942 times)

Otoh has admitted his massive bags of pre-mined Dash are a problem, and he's now trying to fix it:

Good for you. Doesn't change my point, but glad it was a clean exit for you.

my fellows?

i sold it same day it changed its name to dash that rhymes with crash. I think dev was trying to give us a hint..not invested/interested anymore. it made me good profit in past when it was drk so nothing against it either.

What is the average cost of production in satoshi of 1 DASH ?

 
 
Nice!  I'll save this for the inevitable Dash shill who shows up in our altcoin topic on Reddit.  Even if it didn't have this, the privacy flaws are bad enough to make Dash comparable to CoinJoin.... if it's not true decentralized privacy, then forget about it.

Lets analyze

The 2 mil premine is a Blockchain certified fact. Apart from the starting "mishaps" the coin for the first half year or so was know for fast easy cpu mining and block reward was way more then the lousy 2 coins a miner gets this days.


With half a dozen new cryptocoins released daily at the time fast easy cpu mining was not something the guys with big rigs where interested, so difficult was low, dev and mates mined away with nice reward and at the same time buying in large quantities because he know he will set up a pyramid scheme from the beginning.


and


With meaningful mining out of the way the coin with a new name and new claim of being the first anonymous it was time to get those farmer's boys interested in the coin. The crock Mintpal exchange will help. Devs bot buying and selling, sending volume sky high (about 2 mil a week on mintpal alone) farmers boy sees it thinks damn this shit must be good better than my cows boo.

Now its time to get rite of those nasty miners who just dump all there hard earned coins and get this Masternode thing happening to milk the Farmer lads we have en in the stable.

A max of 585 Masternodes have been created from Masternode rewards until end July 2015 with a average of 1.6 per day for the last 30 days.
It is a fair guess 1800 Masternodes belong to dev and buddys + Otoh's 450 or so and the rest the Dictators henchmen which work the forums or write stories (someone has to do the the dirty work).
With so many coins at his disposal price is heavy manipulated (depending how many he dumps or stashes) and anonymity nothing but snake oil, exiting only possible at great slippage as no liquidity.
If he has, or wholesale will sell his stash to some 3 letter agency is up to anyones private take on it.
To find Farmers boys to milk is the only thing to do now.

Some of your fellow dashers think Otoh owns ~20% of the masternodes  


How much does Evan own? He mined a lot and he bought more and he cut the emission (making what he had worth more)--bouncing coins around an exchange doesn't mean that any changed hands. Either Evan is who he says he is or he's not, and with most people, past performance is indicative of future results. And Evan's past performance lined his pocket with a lot dash.

distribution

it's old and distiributed properly between investors

haha XMR come on Shadowcash

A lot of coins must be tied up in Master Nodes, thus reducing the amount that can be sold.
How many MN's are there?

I feel sorry for anyone still holding Dash..... The coin is a failure, and not even anonymous. The government can track the coin via masternodes.

Dash is hands down one of the worst altcoins in the anonymous realm.

The only purely anonymous, untraceable, currency out right now is Monero (XMR), and the deepwebs will most likely convert over to it for transactions...  But eventually they will move their platforms to NXT and use both NXT and XMR.

Because some people are consumers and when the bag of chips says Healthy Choice they take it at face value and never bother to read the label to see that it is neither healthy or that bliss point manipulation* has made it as much of a choice as a cigarette or most drugs.

The cult of dash is so ingrained in the belief that it is quality tech, Evan is more genius than fraud and that their belief-system will spread like wildfire--that if Satoshi himself criticized dash,  he would be met with a chorus of "He's scared of dash and only trying to sabotage his biggest competition!"

*http://www.nytimes.com/2013/02/24/magazine/the-extraordinary-science-of-junk-food.html?_r=0

BTW, what's a cryptonode coin?

Dash's ostensible market cap is misleading because such a huge percentage of total/present emission was pre/insta mined exclusively by the dev.  He is thus able to dump, pump, or slowly leak his bagholdings onto the market, according to which narrative the cargo cultists need to hear at the moment.

No matter what snake oil they try to sell, this massive disconnect between theoretical and actual emission will always damn them:

Because it has become a religion to some bag holders

I wonder why this dash is still under the top 10?

why it is not already replaced by an cryptonote coin?