Quote from: Mangled Blue on September 27, 2015, 12:50:31 AM

Quote from: TaoOfSaatoshi on September 27, 2015, 12:37:53 AM

Quote from: YourMother on September 27, 2015, 12:24:39 AM

^

I was a big fan of Darkcoin/Dash in the past. If i remember correctly, i was the one that revived the whole name changing thing last year and i was very glad that it finally happened, although i thought for a while that Dash sounded pretty stupid.

I admit the fact that i find Evan to be a hard working and talented guy, but he did some big mistakes in the beginning, whether intentional or not, that made this whole project look very shady. The kind of suspicion that will always shadow over the innovations that this guy is bringing.

We all remember that in 2014, the main traits of a scam coin were: "Instamine" (happened with Dash), "Reduction of supply" (happened with Dash) and "Rebranding" (happened with Dash). The thing is that in 2014 we were all naive and beginners in the altcoin scene and maybe Evan saw that and took advantage of it, without ever imagining the repercussions that he would suffer after. This is the story of a visionary young man that started a project with a lot of greed in his mind.

I always thought that the only way to change this is for Evan to quit this project and start another one with a clean distribution and conscience. The current marketcap is at 13.5 million dollars, which should never be a problem considering that Bitcoin is about to fork with a 3.5 billion marketcap. Yes, some people would suffer as a result of this, but not many. 13.5 million dollars in marketcap is nothing. Start another blockchain, use the same code/vision and simply own the altcoin scene, unless you still want to make a lot of profit from those masternodes and you just cannot stop.

If that happens, i will be the first one to invest all my money into it. Probably many more after me...

Agree with everything you said here except bolded.

Am I trip'n or what??

You agree that Evan should quit??

what has this thread come to
Huh

WOW -- this is getting really interesting now, since the biggest cheerleader(s) agree(s) with the smarter piece of anti-propaganda thus far.

At this moment, it seems, the DASH's destiny is indeed completely linked with Even and his decisions. (perhaps Richard would be also able to destroy DASH by dumping his masternodes) So, the risk - and with it a potential risk reward ratio - is increasing every passing day. The advances on the tech side were staggering and really revolutionary so I ask myself, what if the "revolution" (IX, Darksend, Decentralized...) arrived too early and there were no people ready to join it? With the world's insanity focus moving from egregious financial crimes toward even worse migrant crisis in Europe and by far the worst, pan-American war(s) against the Middle East that might escalate in more proxy wars against Russia and China, the people could not care less about the "revolution" they do not understand?

On the bad side of this: trading volume is pathetic. Market cap is irrelevant. A long time #4 is now a #6. A delusional idea that "scarcity" (more coins locked in, OK, placed in MNs = increased price) will result in the rise in the DASH's value is slowly being destroyed. Just think:

DATA: September 27th, 2015 March 19th, 2015 (a few days after re-branding)
Price in BTC 0.0100800 0.01215272 (17.05% loss since)
Price in USD $2.35 $3.11 (24.43% loss since)
Trading volume 50,584 151,886 (66.69% decrease)
MN coins % 54.20% 45.27% (19.72% increase)
Dashtalk members 3,314 2,602 (27.36% increase)

When I look at - highly unscientific - correlation in between the six months long price drop and # of MN rise it seems to me DASH has became a "niche" of a very narrow group of people having MN income, increasing the number of MN (coinmine.pl gets 56% of all coins), making even more DASH, selling the DASH thusly decreasing its price in both BTC and USD terms. The rest are dreamers or speculators, all of whom hope for the price to go up. There isn't an instrument of short-selling the DASH so one can't really gauge the real market value of this asset. So, near-term price movement is completely let to the whim of a few people willing to play with a few thousands of dollars.

On the good side, again, the efforts Evan and the development team is putting into this is heroic. A perpetuum mobile - funding via MN income - might be enough to keep this project going for months and months if not longer (unless the price drops below $1.00 when all bet would be off) so, we're back again to Evan. A "young man" (he's 35) seems to have the money to live independently of his DASH holdings (his financial background) and it seems he is totally undisturbed with day to day or month to month price movements (he does seem puzzled over it, though) and his long-term outlook will come into play soon.

Decentralized governance, at the end, depends on a few people: Evan who's the father of all of this, Richard and several other big investors and the influence a few prominent Foundation members are having over Evan's decisions. My own take is still that this project has 40% - 60% chances of a long-term survival and I will be keep nibbling back, but as a cold hearted investor yet again, and not as someone who loved Darkcoin and was ready to fight 'til the end for it, if its idea were to be to change the world, fight for the financial freedom and against the Financial Crime Cartel etc.

As such, as the BTC competitor that DASH in its core is going to be, it still has a chance for huge profits but these chances might be diminishing daily. Only the time will tell. I had to lower my exposure to DASH, as the percentage of my overall portfolio, to the amount I am ready to lose in its entirety.

I am very, very curious to see how this will develop... for I have no clue