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Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
They are using Bitpay as the payment processor which unfortunately Dash is not on. We have approached them recently for an integration and were quoted a ball park figure of $100k to get it done
Has it occurred to you that masternodes are paid over 2 & a half times that amount every single week - even at these prices - for doing next to nothing ?
We've had this discussion already but perhaps I'll try again to summarize it here as succinctly as possible what was already said across multiple posts...
You are correct, as Dash is, masternodes are paid too much... then again there is an argument for rewarding early adopters and those that risk their capital despite you disregarding it.
In any case, you might have heard that Platform (or whatever it may be called) is in development and may actually be released this year. Everything I read indicates that there will be a cost to use these new services so the economics of Dash will change. Will masternodes be even more overpaid? Could be but until a closer thing to a complete product is available and we see what kind of demand it garners we're both just speculating.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Guess what's happening? Ever since ESG made a stink about POW's harmful effects to the environment just over a year ago, BTC and other POW coins topped out. Institutions are very wary of investing in anything that doesn't have Black Rock's special approval.
If this was anything to do with anything then Dash would be at the top of the "mined coins" league, not the bottom because only half of its supply is exposed to competitive mining compared to the others.
So this is just another bogus narrative which deflects from the elephant in the room - that giving away free coins to existing holders beyond the point of diminishing returns has a chronic and corrosive effect on marketcap.
Masternodes are simply overpaid in terms of Dash-denominated rewards so the free market revalues the marketcap downwards to make the dollar value of the reward viable. If we want the dollar value of masternodes to be sustainable then we need to throttle them back in terms of Dash and allow the market to revalue them back upwards in terms of dollars. This will of course have a far greater benefit in terms of capital gain on the collateral but at least it will make the rewards worth something again in terms of income.
You're a one-trick pony. While I've always maintained that masternodes are overpaid you speak in absolutes and ignore everything else. So no other variables right? If only we change the ratio to 80/20 then Dash is top 10 again? I seriously doubt it but this is a mostly irrelevant discussion. Good luck!
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Yet my understanding is that to use Dash Platform you do need to pay in Dash Credits which are only purchasable with Dash... Maybe that's not true? If it is though, how is that not similar to using ETH as gas on Ethereum?
Is this a joke ? Your advocating Dash pivot to ethereum's monetary model when it's a bitcoin clone ? I explained the basis of Dash's valuation above, it's set in stone. Services are nice but they are an enhancer of that model, not a replacement for it.
Joke? Advocating? No, I'm talking about what's been in development for years now. Am I wrong?
If mining is considered environmentally destructive than this strategy will back-fire.
You should not have invested in a POW asset if that's a criteria - specially not one that started off as one and then changed its "mined". Hashrate is the currency of a trustless primary market and if it's found to be "environmental unfriendly" (which it isn't) then some other way will be found but it doesn't alter the core monetary properties of this coin.
It's about exposing the primary supply to competitive bidding on the one hand, or giving it away to existing holders on the other. Nothing to do with the "environment".
Guess what's happening? Ever since ESG made a stink about POW's harmful effects to the environment just over a year ago, BTC and other POW coins topped out. Institutions are very wary of investing in anything that doesn't have Black Rock's special approval. Also, me and many others who invested in Dash and other POW coins did so before this false narrative became "true". If BTC advocates can convince enough people that mining is produced by green energy then we should get another good run.
I'm trying to base things on what I see actually happening, not some emotional outburst.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
I was looking at patterns on BTC charts, and it seems very possible that the $20K zone is going to be visited.
Yes, if history repeats itself and we have the final capitulation to the 200 day MA then 22K is very likely, even a wick to the 300 day MA is possible which is roughly 16K. However, believe it or not, BTC is still holding a similar pattern to 2013 and if current levels hold for the next several months BTC could go on a final explosive rally before topping out mid-2023 at 6 figures.
Dash, as it has been doing worse than BTC for many years, should go at least if the BTC pattern is fulfilled, to the $20 zone
Very possible.
Is it really profitable for a master node acquired for over $100 to remain in HOLD while waiting to recover the entry value + interest per master node?
Profitable in the short-term? No, but not everyone invests with what they can't afford to lose and not everyone invests with such a short-term horizon for return. Look around you, the legacy fiat system is going to implode. In fact, it's in its dying throes already, people are just oblivious to it for some reason. Things are not going to get better. My bet is people who haven't hedged in an alternative form of wealth like Dash will be forced to accept a type of global CBDC which will track your every move. You will wish for the freedom that most western countries enjoy now.
Whatever happens, really at this point and especially for all those who bought Dash and placed their trust above $100 and have not sold, I believe that it is no longer worth trading at these prices.
Not everyone is a trader. Like I said, some like to hedge for the inevitable. Also, consider anyone that has invested in precious metals in the last decade or so... They only have loses to count especially when you factor in inflation. Yet, I believe that they will be in a much safer position once fiat collapses.
Let's also not forget that we are at more than -95% of the ATH, and I guarantee you that it will never return to this point.
Funny thing is that you can't guarantee anything. A more likely scenario is that Dash goes past its ATH but only once you and others like you capitulate at the bottom.
If Dash achieves a small market niche with the Dash platform, it could gain some traction, and if BTC returns to highs in the next Bull run, maybe we can hover around $250 and try to stabilize around that area.
Sounds like you still have hope. That's good.
The budget, as I told you many months ago, is going to be very reduced, and there will hardly be enough to cover maneuvering expenses. The good thing is that many other currencies do not have the option of self-financing.
Dash is actually well-positioned financially vs other legacy currencies from 2015 or before. It's the newer ones that have millions of dollars in VC-backed investment that are only going to be harder to compete against the longer the bear market lasts. Of course there's always the threat that these VC's will cash out and maybe even kill the coin... My understanding is DCG does have enough reserves to employ everyone for another year at least, so that's something...
The downside is that coins like Zcash or Monero have shown better performance simply by focusing on privacy.
You may notice that historically Dash tends to bottom out higher than those coins as well as top out higher than those coins... but maybe the trend has changed now. Zcash got a major boost in price just by talking about going POS. Do not underestimate Black Rock and their ESG agenda to influence what is considered an acceptable investment in the crypto space. ETH flippening BTC is still very much possible as mining is still perceived by many as environmentally damaging.
Dash has wanted to do so many things that we really haven't put anything that makes a big difference on the table for years.
Yes, perhaps too many things and no identity. Pivoting from privacy certainly has lost it a lot of its original support and hype. Ironically, Dash Platform could facilitate a much superior privacy model. We shall see.
But let's think that the platform offers some more incentives in the style of ETH and its chain of smart contracts. It could give us an improvement in its fundamentals, and gain market capitalization.
Dash can have all the fancy features it wants but if it doesn't result in upwards pressure on one of those two then its price will always be low. Ether works because it has an ON-CHAIN monetary velocity generator which is that the chain itself serves as a sink for tokens spent on services. You NEED ether to use ether services.
Dash on the other hand does not work like this. It inherits bitcoin's monetary model which is SCARCITY and scarcity comes from MINING because, by definition, scarcity is measured by the marginal cost of acquisition of coin from the primary supply. The more of the supply that's distributed for free rather than exposed to a bidding process, the less "scarcity" you have.
Yet my understanding is that to use Dash Platform you do need to pay in Dash Credits which are only purchasable with Dash... Maybe that's not true? If it is though, how is that not similar to using ETH as gas on Ethereum?
The other way to raise the price through scarcity of course is to have your coin used to pay for goods and services. But this only works if it can hold value in the first place, from the first principles of its protocol priorities. This is why Dash is failing and why the only way to recover from the chronic decay we're in is to get the mining quota right back up to something like 80%. This would at least make it viable again and the "features" would mean something.
Otherwise there's nothing to invest in. The features that Dash will offer are non-unique. They're only unique in the context of a "versatile bitcoin", i.e. a POW coin with a very high mining quota that can ALSO support services.
Otherwise there's nothing to invest in. The features that Dash will offer are non-unique. They're only unique in the context of a "versatile bitcoin", i.e. a POW coin with a very high mining quota that can ALSO support services.
If mining is considered environmentally destructive than this strategy will back-fire.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Hey there, everyone! Seems like hot debates here.
Let me put some thoughts inhere.
POW|POS hybrid model is already a great choise since people who jump from pow to pos betray miners, and people who shill pos INSTEAD of pow look idiotic to OGs.
In Dash, you do have both choises and everyone just pick - which is a diversity of thinking and actions and is very good.
Let me put some thoughts inhere.
POW|POS hybrid model is already a great choise since people who jump from pow to pos betray miners, and people who shill pos INSTEAD of pow look idiotic to OGs.
In Dash, you do have both choises and everyone just pick - which is a diversity of thinking and actions and is very good.
Despite what toknormal insinuated I never advocated for DASH to dump POW and go POS. I merely brought up the ESG concerns big investors have. We can pretend that they don't have concerns but it's probably better to acknowledge them and try to address these concerns anyway.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
It seems you have not noticed that no POW coin, other than BTC, has done very well this last year. And even BTC itself hasn't performed so great since ESG concerns were brought to light last April.
You know that's a red herring that Dash conservatives like to use as cover for core failings in competitiveness. We're talking about its performance relative to other coins, not relative to the US dollar. Dash lost competitiveness BOTH in bull markets AND bear.
The core thesis was that we "didn't need all this hashrate" and it was incumbent on those who argued for that fundamental principle and who implemented it to take responsibility for its subsequent impact (or complete absence thereof) on the primary performance metric that was targeted - store of value. That is ultimately measured in marketcap ranking against other POW assets which serve as effective controls for such a thesis (being that they continued to sustain a 100% mined protocol).
But relative to them our marketcap has in fact cratered instead of grown. So some introspection would seem appropriate from your side of the debate more than from mine.
believe what you will. Continue to believe that you are helping steer Dash's direction.
That sounds like a nose-in-the-air type desperate dismissal of reasonable challenges if I ever heard one. "Golf club politics" in action again. But this isn't a golf club.
Again, the "belief" is all on your side. I've supplied reasoned argument to support my views. You haven't provided any, other than a vague appeal to regulatory authorities which I already pointed out is not having any effect on our competitiveness. "Circulating supply" is an arbitrary metric in Dash's case where it re-defined the term uniquely and unsoundly to suit itself and support a poorly reasoned protocol priority that does not benefit investors.
This problem isn't going to go away and the more noses remain in the air and cotton buds remain stuffed into ears, the more it will continue to shackle our performance. It might be ok with the "golf club hierarchy" whom the current policy seems to be trying to please but try seeing it from the perspective of outside investors for a change.
You keep pretending that just because I discuss anything with you that I automatically take the polar opposite side. I don't know how I could've made it any clearer than I've already had in the past and now that I think both you and the absent one you're trying to debate are both wrong. You both have points, maybe you even have a stronger case but you still speak in absolutes and extremes. The answer is closer to the middle. Also ESG is bigger than you realize. The world with money is beholden to it whether you like it or not.
Peace.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Sigh.... please research ESG and their criteria and tell me how DASH should address the concerns. DASH is largely cut-off from institutional investors because it is POW.
You have got to be joking.
Dash's is now governed by the priorities of "Environmental, Social, and Corporate Governance" ? That's your answer ? You think that regulatory compliance is gonna be Dash's strong point now and that's why people will want to invest in it over competitors such as Monero, LTC, Litecoin, Bitcoin, Doge ? We already only have half the reward proportion donated to mining that they do and they attract investment to multiples of our marketcap so the market sure doesn't seem to be pricing in our "compliant" posture so far.
Be advised that we will always have a primary and a secondary market - right now hashrate happens to be the medium through which bids are made in our primary market. It doesn't mean that it will always be the medium but it is right now and if we want to be competitive we need as many bids as possible which means subjecting as much of our supply to that medium while leaving enough reward to support services. Even if I thought you had a point and we did want to reduce energy use, giving the coins away beyond the point of diminishing returns would still be an extremely poorly thought out way of dealing with it.
We don't have the luxury of indulging random regulatory bodies, our priority and the priority of the protocol is to investors and the optimal configuration of core monetary fundamentals. If that's successful then regulatory compliance solutions will follow. It's the job of investors and governors, not the protocol.
What you're suggesting is suicidal and inane. Nobody's gonna invest in an asset that ditched its most competitive monetary characteristics to satisfy some green regulatory body. We've seriously lost our way if these are the priorities that are guiding us now to the extent of the blockchain protocol itself.
It seems you have not noticed that no POW coin, other than BTC, has done very well this last year. And even BTC itself hasn't performed so great since ESG concerns were brought to light last April. Anyways, not trying to convince you of anything, believe what you will. Continue to believe that you are helping steer Dash's direction.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
You speak as if DASH won't have services... but then what is Dash Platform? Yes, not released yet but still that's the eventual goal, no?
And should DASH stay POW at all?
If you seriously think that Dash can morph itself from a POW to a pure POS asset, ditch mining and "everything will be ok" then you're seriously deluded. That is "make-it-up-as-you-go-along", "that-didn't-work-so-lets-try-this" type stuff.
Dash only ever had one thing it could out-do its competitors on and that was to support a VERY high mining quota WHILE simultaneously providing services. --- End ---
The services you speak of are not a replacement for mining, they're a compliment. They're not equivalent to the smart-chain business model in any price-supporting sense for several reasons, amongst them being:
• Ethereum type services run on-chain and consume blockchain tokens directly. They are more akin to a fiat type monetary system where liquidity creation responds to demand and that demand is derived from on-chain activity
• Dash services are designed to run off-chain so there's no such "token sink". Dash inherits bitcoin's economic model where value is supported by scarcity and primary market demand (a.k.a. mining). What services do for us is augment our competitiveness against other mined assets by being able to match their mining quota but blow them away on useability
However if we simply ditch the mining thinking we don't need it it's a bit like an aeroplane designer ditching the wings so they can carry more passengers. None of our services wil be worth anything if we can't store value and we can't store value without mining. We are a POW coin and that's what POW coins do.
Sigh.... please research ESG and their criteria and tell me how DASH should address the concerns. DASH is largely cut-off from institutional investors because it is POW.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
You are just complaining about a situation you can't change. How about change what you can?
How about just addressing the matter at hand rather than trying to turn it into some kind of personal issue.
Masternode holders just lost around $80,000 of capital per node in a matter of days. That makes whatever reward "tweak" they get look ridiculous by comparison. So the policy of prioritising revenue over capital gain, thinking that the former is going to support the latter beyond a sustainable level is junk and needs to be addressed. Nobody - not even me nor DCG nor anyone can "do anything about it" until there's widespread community debate and re-appraisal of this policy and how it's actually supposed to support store of value and what our mechanics of store of value actually are.
In that regard I encourage you to promote debate and discourse on this issue rather than sweep it under the carpet as if it's "something we can't change" and have to live with.
We don't.
Well, by all means then carry on with your mission. I just hope one day you realize what you are actually doing.
Anyways, let me try to address some of the things you said in previous posts...
You speak as if DASH won't have services... but then what is Dash Platform? Yes, not released yet but still that's the eventual goal, no?
And should DASH stay POW at all?
Ever hear of ESG? I suggest you do some research into it. Institutions are greatly disincentivized and to some extent even mandated not to invest in any POW chain (including BTC) since it's considered wasteful. Even though this environmental claim is mostly false, doesn't matter, it's the perception. DASH either needs to convince ESG groups that POW is not environmentally harmful or else abandon POW if it wants big investors. ZEC jumped over DASH in the rankings and stayed there just on the announcement they were moving to POS.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Wot are you talking about "It really doesn't matter whether you have a point or not" ? Of course it matters. This is a "governance coin". The idea isn't that....
It doesn't matter whether you have a point or not when it comes to what you are doing to yourself. You have been lamenting for years and are unable to move on and do more constructive things with your talents.
All any of us really have control over is oneself.
In "governance" you have the luxury of making decisions to direct protocol priorities. You also have the responsibility to evaluate whether past decisions are working for you or not and if not, to re-appraise them and put them right.
Is that what you are actually doing though? Are you taking your responsibility to evaluate whether your past decisions are working for you or not? Are you putting things right? Unless doing the same thing over and over again that hasn't worked for 2 years somehow can be interpreted as "putting them right", you are most definitely not putting anything right. You are just complaining about a situation you can't change. How about change what you can?
I don't think this forum is where DASH governance occurs...
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
At some point you need to pick yourself up and move on... you've been lamenting for years now...
LoL !
You might have had a point if my perspectives hadn't been vindicated by events. You seem to be imagining that they somehow haven't.
It really doesn't matter whether you have a point or not. Reality is you are stuck in a cycle of repetition, trying to change what you obviously can't change. All any of us really have control over is oneself. Too many people spend so much energy trying to control others when they can't even control themselves.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Still crying in your beer I see.
Should I be celebrating instead
At some point you need to pick yourself up and move on... you've been lamenting for years now...
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Look at what has become of this once thriving thread after articulate and contributing with quality posts members such as qwizzie were forced out by those repeating their case for turning Dash in to something that the Core group would never accept.
This thread is now being pumped by newbies and junior members who might be alt-accounts, looking at one liners or walls of nonsense to increase post count - that is how low things have fallen here
This thread is now being pumped by newbies and junior members who might be alt-accounts, looking at one liners or walls of nonsense to increase post count - that is how low things have fallen here
strictly speaking, Dash regularly shows one of the worst growth and volatility dynamics. Who is interested in discussing a half-dead coin. Over the past six months, some of my shares on the stock market have been performing better than Dash.
Really now? Dash was roughly $90 USD about 6 months ago... and roughly $270 USD today... so up 3x.
What stock has even come close to that? I googled a bit but could only find a few that did around 1.7x.
Dash's growth relative to Bitcoin in 6 months was minus 5% at this point. Do you think this is a profitable investment?
So, did you lie about those shares you own?
Dash 6 months ago was about 0.0049 BTC... today it's about 0.0051 BTC. That's about 5% up vs BTC, not down.
+200% vs USD, +5% vs BTC in the last 6 months... are you saying that's not a profitable investment?
26.10 close price was 0.0053 btc, now 0.00514. Investment to dash was unprofitable after 6 monthes. And please don't tell nothing about $$. This is crypto market, people trade here to earn bitcoin.
Fair enough... I made a mistake when I took the DASH/BTC price from end of Nov, instead of Oct. Still, down 5% against BTC is hardly all that bad. Still seems you lied about those stocks you mentioned.
Anyways, I don't trade here to necessarily earn BTC. I'm sure there are many that don't.
Also, Dash has recently broken out of a 3 year downtrend vs BTC and is days away from entering a technical bull market vs BTC. Should make for a profitable May.
Good luck with any alt you think is worth investing in. Alt season is just about to start so I'm sure you'll do well if you buy now and sell in time.
Of course, none of this is financial advice.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Look at what has become of this once thriving thread after articulate and contributing with quality posts members such as qwizzie were forced out by those repeating their case for turning Dash in to something that the Core group would never accept.
This thread is now being pumped by newbies and junior members who might be alt-accounts, looking at one liners or walls of nonsense to increase post count - that is how low things have fallen here
This thread is now being pumped by newbies and junior members who might be alt-accounts, looking at one liners or walls of nonsense to increase post count - that is how low things have fallen here
strictly speaking, Dash regularly shows one of the worst growth and volatility dynamics. Who is interested in discussing a half-dead coin. Over the past six months, some of my shares on the stock market have been performing better than Dash.
Really now? Dash was roughly $90 USD about 6 months ago... and roughly $270 USD today... so up 3x.
What stock has even come close to that? I googled a bit but could only find a few that did around 1.7x.
Dash's growth relative to Bitcoin in 6 months was minus 5% at this point. Do you think this is a profitable investment?
So, did you lie about those shares you own?
Dash 6 months ago was about 0.0049 BTC... today it's about 0.0051 BTC. That's about 5% up vs BTC, not down.
+200% vs USD, +5% vs BTC in the last 6 months... are you saying that's not a profitable investment?
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Look at what has become of this once thriving thread after articulate and contributing with quality posts members such as qwizzie were forced out by those repeating their case for turning Dash in to something that the Core group would never accept.
This thread is now being pumped by newbies and junior members who might be alt-accounts, looking at one liners or walls of nonsense to increase post count - that is how low things have fallen here
This thread is now being pumped by newbies and junior members who might be alt-accounts, looking at one liners or walls of nonsense to increase post count - that is how low things have fallen here
strictly speaking, Dash regularly shows one of the worst growth and volatility dynamics. Who is interested in discussing a half-dead coin. Over the past six months, some of my shares on the stock market have been performing better than Dash.
Really now? Dash was roughly $90 USD about 6 months ago... and roughly $270 USD today... so up 3x.
What stock has even come close to that? I googled a bit but could only find a few that did around 1.7x.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
First of all, it's not a "theory" so the concept of "proof" doesn't come into it. It's a statement of the self evident - that the role of mining is to put a price on the acquisition of a coin from the continuous supply.
Back up a bit... the main point of this discussion is regarding DASH's reward ratio and how according to you it's directly causing DASH's fall in the CMC ranks. I haven't been discussing the role of mining...
I've always maintained there's some merit to it but that you overstate it.
So what was the point of addressing it in the first place then ? It's the single biggest protocol revision to mining since the early days of Dash. It's also a statement of priorities for both the community and the core group going forward. You don't think there are serious implications of getting this wrong to the extent that the logic is actually reversed ? How on earth can that be overstated when Dash's entire competitive offering has always been promoted based on features and we can't even compete with coins that have none ?
Yes, you overstate the problem since it currently amounts to you getting about 0.03 DASH more per payout. Is this the straw that broke the camel's back?
If we don't need the mining why is our mining deficiency killing us and their mining sufficiency boosting them ?
Did DASH somehow lose mining? And again, you ask a question based on a dubious premise...
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
I think you should address the point of mining as a market. The fact that miners have to effectively 'purchase' their supply and bid up the price in order to acquire it.
That was my point. Nothing of what you responded to.
I don't think I need to. Rather I'm addressing what you've used as proof. You keep bringing up CMC rankings as proof for your theory just because you say so.
Seek the serenity to accept the things I cannot change?
Then be advised you're in luck because Dash is one of the first (if not the first) blockchains with a governance mechanism. That means the community has an ongoing ability (and responsibility) to review and debate priorities of the protocol that affect its interests.
It's not enough just to make decisions and vote on them. Those decisions need to be reviewed, assessed and potentilly revised if they are not having the effect they were intended to. There will also be instances of governance that were flat out mistakes because they weren't properly thought through or were based around flawed logic.
That happens to be the case here because mining was identified as a net selling sector when in fact it is a brokering sector (i.e. net buying since the miner is brokering on behalf of the buyer). This has huge implications for the protocol decision that was made back then because it reverses the logic behind its implementation. We needed to move the reward ratio to up the mined portion of the supply to benefit long term investors and store-of-value performance.
I mean that's the conclusion you've come to and that's fine. Again, I've always maintained there's some merit to it but that you overstate it. I don't subscribe to your doom and gloom point of view.
I don't think you repeating your same point over and over again to the same limited audience is going to change anything either. It sounds like whining about the price and I'm sure many people are just tuning out anything you say at this point.
That this is the case has been born out in competitive performance over the 18 months since that decision was taken. (Against relevant competitors, not barrel scraping ones - you accuse me of "cherry picking" while citing prehistoric dross that's not even listed anymore Please).
Please).First, the decision wasn't made 18 months ago, more like 9 months ago and was only implemented about 5-6 months ago. Second, you keep flip flopping on the issue... is it DASH's reward ratio since masternodes were introduced or the minor (hardly consequential) change of the reward ratio recently implemented?
And yes, you cherry pick winners that stood the test of time and are above DASH in CMC rankings as proof of DASH's demise. Fact is, DASH has outperformed more 100% mined coins than it hasn't.
So, contrary to your claim, this isn't something that you "cannot change". We have the luxury of being able to do exactly that and I predict that it will in fact become imperative that we do it.
Ok well, I guess I'll wait and see how you actually go about making this change. Right now it looks like someone continuously walking into the same brick wall, each time acting surprised the wall didn't move.
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
DASH has done quite well among mined coins. Not happy with $300? Not happy with place 45 out of 8000+?
Is this some kind of envy/jealousy of others success type of thing? Why are you so stuck and what prevents you from selling and moving on from something you perceive as so fundamentally flawed?
I am not "stuck".
You clearer are stuck and obsessed with proving that you are right and everyone else is wrong.
What are you going to do about this ?
Seek the serenity to accept the things I cannot change?
Shrug your shoulders and say it doesn't matter because we're still above Novacoin and Worldcoin ?
Wait now, you're the one that cherry picked the top mineable coins on CMC to use as proof that DASH's reward ratio is the cause for it settling down in the 40's. I'm merely pointing out that your "proof" doesn't prove anything as there are many more mineable coins that DASH has outperformed and continues to outperform.
The reward ratio is arbitrary and doesn't matter ?
What's arbitrary is your use of coins to "prove" your point when they are above DASH in CMC ranking and say nothing when they drop back below DASH. You did this for ZEC, ETC and DCR (even though this one almost has the same reward ratio as DASH).
What doesn't really matter and is somewhat negligible is the slight shift in rewards that the DAO passed. I mean you're getting 0.03 DASH more per 8 days now? And this change will lead to the end for DASH? Just a little overdramatic, don't you think?
The difference between giving away the supply for zero dollars and having the protocol force the market to compete for it makes no difference to marketcap ?
I mean you've clearly stated your beliefs. My position hasn't changed, I still think you exaggerate the problem. The market still rules. This problem you perceive won't prevent DASH from entering into a bull market vs BTC.
The whole POINT of Dash's dual layer protocol was to decouple mining from services so that it COULD support a high mining quota WHILE delivering services. You throw that under a bus and you throw your investment under a bus. We've lost tens of ranking places IN A BULL MARKET. What do you think's gonna happen when it turns multi-year bear ? You think new features are gonna save you ? They're not.
DASH is close but not in a bull market vs BTC just yet. How about we let the bull market play out first before worrying about the next bear market?
Addressing the flawed reasoning behind the current protocol configuration is. At the very least, hold it to account on its own reasoned basis. If the inflation rate is too high at this stage in Dash's emission curve then we need more buying, not less. Mining is buying. It's just buying in a trustless market that's all. If we as a community are so retarded as to not be able to appreciate that nuance (or too lazy to care) then we do not deserve even a top 100 ranking.
But at least we are way above your $6 prediction, no?