Yes, and there are allegations that the world is flat and aliens control the Illuminati.

I had forgotten about him =(

Stories like this are important to remember. The few friends/family of mine who know about my Dash investments have congratulated me on making the investment and said that they only wished they had listened to me when I told them about Dash years ago. I keep reminding them that between then and now there were a LOT of dark times. Maxed out credit cards, an investment worth 20% of what you paid, kids to feed and job uncertainty. Those of us who held look like geniuses now...but only a year ago we were fools.

Don't invest more than you can afford to lose. I invested way more than I could afford to lose, and endured a lot of stress and sleeplessness because of it. All is well that ends well--but the journey was trying. Don't FOMO!

This is a great site with all that info:

http://178.254.23.111/~pub/Dash/Dash_Info.html

Ethereum and all its ICOs are 100% premined. Ripple is 100% premined. I don't think the market really cares about the premine/instamine narrative, TBH.

(The stock market is 100% "premined" as well and has a 25 trillion dollar market cap.)

Icebreak, I gotta give it to you. Now that all conversation has moved to slack, the official forums, reddit and the like, and this thread is nearly dead...you still show remarkable dedication in coming here and posting your FUD.

Don't get too excited about the possibility of a BTC chain split. Looking more like it's not going to happen:

https://www.reddit.com/r/Bitcoin/comments/6hdhw4/segwit2x_about_to_become_compatible_with_bip148/

(tl;dr The SegWit2x code has now been changed to be compatible with UASF. If it gets adopted per the New York Agreement, then no split.)

Why?

Charlie Lee has already said that Litecoin doesn't need any development. If he's not going to be developing, then what is he going to be "working" so hard on and how will his not developing Litecoin take it to the moon?

P.S. Then again, in this market anything can happen. Dogecoin is up 18x since the beginning of the year, so nobody seems to care about fundamentals at the moment.

1) The masternodes could vote to increase the supply of Dash, but in order to implement such a change, the developers would have to create the code. Then the entire network (exchanges, miners, and 90+% of all masternodes) would have to adopt the new code. Such a change would be extremely difficult, probably impossible, to implement. For one, 90+% of the masternodes are unlikely to ever agree.

2) The developers have the power to create code which, if adopted, would increase the supply of Dash. However, the entire network would have to adopt the code (see above).

tl;dr Nobody or group by themselves has the power to increase the supply of Dash. Increasing the supply of Dash would be just as difficult as increasing the supply of Bitcoin, for example. The entire network would have to agree and adopt new code.

I'm going to concur with what MM said, and go one step further. Dash has a real development team who are doing real work to push forward a real change in the usability and decentralization of cryptocurrency (Dash Evolution). For our dev team, it's a matter of priorities. Sure, they could code the 2 MB blocks and spend a few weeks shepherding us through the fork, but why do so when we don't need to? Unlike some coins, who have to adopt tech that they don't need just to get some good press, Dash continues to develop real features that will take us to the top...in the long run.

Yes, if we had implemented 2 MB blocks that same month, we probably would have gotten a little price pump from it. Yes, if we had been the first coin to implement SegWit, we probably would have gotten a little price pump from it. The difference between us and other coins is that when we don't need things, we don't implement them just to get some temporary media attention and price action. From my interactions with the team, they work just as hard today as they did when Dash was $4, and will work just as hard when Dash is $500.

You want short term profits? Find coins that implement features that are unneeded just to get a pump. You want long-term value? You'll find it in Dash.

Two years ago I suggested that DASH would likely hit $1000 per coin at some point in the future. Nobody really ever said anything one way or the other on my prediction, which leads me to believe that even the DASH bulls thought I was being overly optimistic. Here we sit at $140, and with projects all around us reaching staggering valuations, that $1000 price target isn't looking nearly as crazy. Here's the kicker--mass adoption hasn't even come anywhere CLOSE to beginning, neither for us nor even for Bitcoin. Crypto is still *years* away from that, most likely. If our price is $140 *long before* mass adoption hits, how much will it be in five years?

Granted that all of crypto is in a bubble right now, and who knows where things will stand in six months. Even so, if a hype cycle can take crypto's total market cap to $80 billion and DASH's to $1 billion, what might a hype cycle in a few years do to our price?

Just food for thought...

Tash, could you please point out any other scams you see in the crypto community right now? If Dash is a scam, then I'd like to invest in some of the others as well.

So far I've been scammed into a 1200% profit, so I'm eager to invest in some more scams.

Thanks in advance!

Last month they were put up with 4 days to vote, iirc =/

I don't see daily tx volume as being that relevant right now personally. If somebody had built the entire Visanet infrastructure back in the 1980s but it had low tx volume, would that have precluded the network from having a fairly good valuation? Not in my opinion. Tx's will come in time.

One could ask the same question of Bitcoin: daily tx volume is the tiniest drop in the bucket compared to the number of tx's processed by credit cards, the SWIFT network, and so forth. Is Bitcoin's marketcap fair?

Just some thoughts...

Poloniex doesn't have a BTC/USD pair...the price shown there is BTC/USDT (tether). In theory, 1 USDT = $1, but Wells Fargo just suspended all bank wires coming from Tether (and also from Bitfinex). Consequently, a lot of people are pretty wary of tether right now too.

I have mastertroll777 on ignore, but unfortunately I keep seeing his posts because they're getting quoted. In case anybody is actually believing his antics, you should probably remember that a real trader, or the head of a secret trading cabal, isn't going to publicly post his plans here, as mastertroll keeps doing.

You're amusing. Do you think anybody who has been around for years really cares what the price does tomorrow? True story: the whole way up to $120, I'm thinking to myself "Wow, this is awesome. Too bad it's not anywhere close to my exit point." The time horizon of most of us is measured in years, and future expected value is in the thousands. Have fun with the markets (if you're really the whale you claim you are) for the next week, or month, or however long. We inexorably grind forward.

Cheers!

Kernels, all coins are being manipulated. Have you seen Coinmarketcap lately? I'm 99% sure that neither Ripple nor ETH have masternodes and they were pumped sky high.

In the long run, what matters is the technology, the innovation, and the ecosystem. Dash has:

a) Instant transactions (Bitcoin doesn't)
b) Financial privacy (Bitcoin doesn't)
c) Governance system for making decisions about the project (Bitcoin doesn't)
d) Self-funded development, marketing, business development, etc. (Bitcoin relies on Blockstream to pay for its development)

Dash is presently building a great user experience (UX) product, just like the ones that made Apple the most valuable currency in the world. It's called Evolution. We have nearly a $6 million annual budget to build the project and the ecosystem. That's more funding than even Bitcoin, iirc. Not only that, but Bitcoin has blazed a beautiful trail. We don't have to wait for exchanges to be built from scratch, we just pay existing exchanges to do the integration work. We don't have to wait for APIs to be built, we just pay Blockcypher to do the integration work into existing ones.

If that's not long term potential, then I don't know what long term potential looks like. Yes, our price has been manipulated here lately, as has ETH, LTC, XRP, XMR, PIVX, DEC, DOGE, BTS, CLAM, XPM, BMC, GOLEM...

Forget the trees...look at the forest.

For what it's worth, the whale at .04 is Otoh (he came in Dash Nation Slack and told us) and he has a history of sticking around for awhile =) He could always change his mind of course and move or pull the wall, but it's definitely not fake (put there just to manipulate the price with no intention of buying anything). Otoh is as legit as they get.

Cheers!

That got me thinking...what if somebody hacked into an exchange but instead of targeting on-exchange funds (wallets, etc.) the hacker simply gained access to everybody's position information? They could make a fortune...

Think about it--I imagine that most exchanges focus their resources on securing their wallets and withdrawal processes. Even if those are rock-solid, hackers could make a fortune by getting into other systems.

Imagine that you were an expert Wall Street trader. One of the very best. One of the guys that makes millions a year in bonuses.

Imagine you found a market where there are toons of "noobs" thinking they are pro traders. The market is thinly traded and illiquid. Wild swings are common, and there are no regulations at all. No SEC oversight, nothing.

Now imagine that as a Wall Street professional trader you have access to amazing software tools. Imagine that you have programs that watch all the margin-enabled markets on Poloniex. Imagine that these programs also watch the lending markets. Now imagine that the software correlates all of the trades on Polo with all of the lending that occurs on Polo.

Imagine that you therefore "knew" where all of the large margin positions were and because you knew at what price those orders were placed at, you knew their liquidation points. Look at the hockey-stick rise to .124. Most of the really huge green candles were most likely shorts being liquidated, including the rise from .11 to .124 itself. Look at yesterday's trading; that drop to .035 sure looks like a margin long liquidation to me.

Please trade carefully folks. I have a feeling that you're up against some of the best traders in the world. I think some Wall Street or City folks are finally starting to learn of the crypto markets.