Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
GrandMasterDash
on 09/01/2021, 11:38:57 UTC
Because it's the only mined coin that has to fund its nodes (which cost nothing) from the blockchain. Every other mined coin gets its node network for free. So why is it so perplexing to Dash people that investors don't want to invest in Dash ?

Why does Dash not deploy its (extremely potent) firepower where it matters ?

 • put maximum blockchain budget towards attracting competition for our primary supply (mining)
 • allow that to grow capital gain which funds the Dash TREASURY
 • make Dash nodes competitive against Bitcoin nodes by allowing them to be PROFITABLE (rather than a leech to the entire Dash ecosystem)

Bitcoin does not have profitable nodes. 10% profitability on running a node would give us all the competititivity we need against bitcoin. We don't need all this mad consumption of the blockchain supply by masternodes.

Why do we have to live with the demented Spork 21 protocol when the Dash supply could be deployed much more aggressively against other mined coins ?

https://i.imgur.com/vFBsxJH.png

Who is actually defending Spork 21 ? That is the question.

The answer is nobody because it's Spork 21 that is destroying Dash. It has to be reversed.

Bitcoin has 8629 nodes https://bitnodes.io/

That "free" network you compare to also exists on dash. Anyone is free to run a full dash node. The bitcoin nodes, however, do not protect from Sybil attack because it does not need or want such protection. Instead, bitcoin's second layer solution - Lightening Network - is redirecting transaction revenue away from miners to multiple third parties. Those middlemen are also extracting profits based on percentages of the money being transferred. The Lightening Network transforms the user experience from a permissionless network to a routing protocol. This is more akin to traditional banking than the near flat fees offered by dash.

The dash masternodes are regular nodes with collateral attached plus Proof of Service. This creates something called a "reputation network" that is resistant to attack by state level actors. The masternodes use quorum technology to provide user enhanced services such as instant transactions with double-spend protection. Dash users enjoy cheap near flat fee transactions that are consistently fast, secure and reliable. They don't have to pay for additional services or worry about one side closing a channel early.

Maybe you should consider that before banging on about, "Every other mined coin gets its node network for free."

Perhaps you'd like to explain to us the front running on the bitcoin network because all the coins are emitted from miners only. As previously explained, masternodes DO NOT mint coins. that "free" money you talk about is a more diversified distribution channel than mining alone. I can tell you now, Nakamoto consensus is in full effect and is the default path if the masternodes network was to ever fail.

I'm not saying dash is perfect, far from it. There's a LOT of room for improvement.

As for sporks, they are signals sent from DCG to switch protocols on the masternode network. MNOs can refuse to upgrade, or they can compile the code to ignore them. Dash Platform opens up the possibility to completely decentralize their function. Again, room for improvement but is a more coherent approach than bitcoin.