Quote from: dopamine on March 06, 2017, 04:24:36 AM

Can you explain again how DASH is a scam when anyone could of bought DASH for pennies?

First of all, I don't think dash is a scam, simply because it is crypto, and in crypto, by definition, there is no scam, as "trying to scam the other one" is the essence of the game (also called "trustlessness").

The "lie" if you want to, about DASH, is that it is a decentralized system, while it is most probably a totally centralized entity, because of the instamine and the masternode scheme. I'm pretty sure the dev team has near half of the stash. This implies that they have the full power of voting over the dash code, and hence the protocol. There's not much "decentralization" in DASH. That doesn't mean that people cannot obtain it, trade it, and so on. Fiat is also perfectly centralized, and works: people can obtain it, use it, trade it.

As such, it doesn't really qualify as a "decentralized crypto". But, but: this is actually its real value, its real power. By mimicking as a decentralized crypto currency, but by having, behind the scenes, the full power and flexibility of a centralized system, this makes a hell of a powerful system. Most all of the hassle, difficulties and so on of crypto come from the axiom of decentralisation. The need for consensus, and the immutability, which makes unwanted features (like full blocks) also immutable properties. In a centralized system such as a central bank fiat system, there is no such problem: the board gets together, considers the problem, decides on a solution, and that's imposed upon everyone. No shit. Aristocrats inform the king, the king decides, and the people obey. Simple. Efficient. Has been working for millennia. Sun Tsu. And the nice thing is that the aristocrats and the king get insanely rich.

THAT is the real power of DASH, and that is why I think it will reach the moon: it is fiat, mimicking as crypto. Is this a scam ? No. Because in crypto, nothing is a scam.