Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

What do we do now that DASH prices are in free fall and Zcash is around the corner with superior privacy?

Dash always drops when traders jump to "the latest and greatest", so if you're a trader, you follow the herd. As far as Dash is concerned, it hasn't even begun to be useful, so the rest of us have a long term view of things. Dash has it's eye on the prize, which is fiat replacement everywhere, completely independant and decentralized. Privacy is a function of fungibility. When other projects make a blockchain obscured privacy coin, sure, as long as you trust the coding and that there are no back doors, you should use that for illegal trade. Other people simply want to know that they can remove the history behind their coins if those coins are unwanted by someone they want to trade with, for any reason, there by providing fungibility.

I'm amazed at how many people keep coming here basically questioning Dash's survivability against competition on one single service feature. People really don't get what Dash is about ..... still!

I'm the only one crazy enough to say this, but this is the idea: Dash wants to be the fiat replacement of the world. All the old Satoshi goals lie with Dash, only the Dash team understands how that needs to look, how it needs to function, how it needs to interface. Even if Dash has the initial wallet integration of Evolution, there will be no reason an outside group wouldn't be able to use the DAPI to provide services to others. From centralized services to other decentralized services. I speak broadly, because it is broad and completely inclusive.

Dash realizes that there will be other currencies to compete with, but frankly, everyone else is so far behind... the only current competition for some time will be Fiat, and fiat alone. Everyone else is aiming for niche markets. Dash is aiming for the population of the world, a new order of financial service providers using Dash and will allow for any project to be built on top of the Dash network.

Dash is the foundation that can carry the world, and will certainly carry a significant portion of the world. Everyone has such limited and narrow ideas of what can be done.

Not just one point, the mixing doesn't work and 4.1 mill or so tied up in masternodes and who knows who owns them and when they will decide to liquidate.

Well who cares if the owners of Dash keep their funds stored away in masternodes. If each owner sees it necessary or time to sell, they will sell, that is a good thing. The same can be said about every single asset of some sorts. Who knows when major Apple stock holders can liquidate at any time! Who knows when the Monero holders will start selling off! What will happen when the people holding Zcash need to liquidate the 20% block rewards that they get!

As for mixing, it works just fine. Mixing must be done before hand, but once done, it is solid tech. Are there other technologies that provide stronger privacy? Sure, but that doesn't make Dash a failure. Just as these new families of privacy assets aren't so good for every day instant transactions doesn't rule them worthless either.

If they can sell.

Liquidity on the bid side of things has not ever looked very consistent above say 800-1000 BTC for very long. Now it is at ~300btc or less.

How can one sell if there is not much liquidity to sell into?

Race for the exits is in Dash's future at some point. It is like a roach motel of crypto, you check in but you don't check out (if you do you were one of the lucky ones).

Good luck to those who are invested in DASH.