Another in our “Voices of Dash Nation” series, where we take posts of exceptional quality and share them with our readers. The following was posted by Dash Nation member “Toknormal” on the Dash Nation on Discord chat.
Surveying coinmarketcap today gives much cause for reflection. It looks to me like “novelty value” is starting lose out to “survivor value”. This is particularly true for pure monetary, mined originals. Not many people will notice this unless you’ve been glued to coinmarketcap rankings for the last 5 years and can recall almost every pump & dump that ever made it into the top 5.
What many people possibly underestimate – or take for granted – is that Dash is now an IMMENSE force in crypto. The bear market has taken its toll on many people’s nerves (and pockets – including mine) but it hasn’t pushed Dash much below its 2014/15 ATH ratios with bitcoin in the way that it has cratered many other cryptos that at one time or another visited the top 10. (Check my recent remarks in #markets for explanation of the role of coin supply in marketcap).
The track record speaks for itself and Dash, Ether and (cough) Monero have out-performed everything over the time period because the market is now selecting originals in their class for long term reserves, even though flavours of the day will continue to have their volcanic spells. In that respect, Dash has survived on merit alone because it prioritised investability over short term marketcap ranking (by growing exchange rate over coin supply) and monetary integrity over technological novelty (by inheriting bitcoin’s mined status and codebase).
Dash compares well to others
If you compare for example the history of Litecoin (a “clone” that did not define a new asset class and did not invent masternodes) with Dash against bitcoin there is no contest. LTC is now languishing at 30% of it’s 2014 high while Dash is retesting its 2014 (BTC ratio) highs from above this time. That is the sign of true growth – long term investability against bitcoin because what’s the point of holding an altcoin if it can’t grow against BTC ? You might as well hold BTC itself.
Then there is BCH which doesn’t even have a pedigree, never mind a feature set. It’s simply a bitcoin cast-off now that has holders by default while still being constrained by its core properties – like building a bunch of houses that have the same locks as a Majorca villa and calling them “valuable” because the key fits.
Solid technology and pride of work
The other ace that Dash holds is that it can actually draw service demand into the native blockchain as opposed to pushing it out to 3rd party satellite networks like “Lightning”. The market has acknowledged Dash’s unique “patent” on that capacity by way of having ranked it as the original in the masternode class of blockchains. That attribute is now welded in place despite the media attacks and FUD. The “what doesn’t kill you…” paradigm is taking the place of the early challenges to its existence.
Finally, the fact that recent mainnet version releases have gone almost flawlessly is a testament to the fact that devs have their priorities right IMO – i.e. make sure it “works” above everything else including bells, whistles and premature releases. For me this means that there is something huge and worthwhile coming. Namely that a cryptocurency network will have the capacity to “talk” coherently to client applications and offer them native, authentic services as opposed to brokered ones that can do no more than relay the latest version of the blockchain with a lot of added hand-waving.
Think of it this way. Have you ever seen a flock of birds manoeuvre with coherence ? All at once in response to a gust of wind, blast of noise or flash of light ? Well Dash network service layer (known to many as “Evolution”) is that flock of birds. Its mining layer, being decoupled, remains as solid as bitcoin’s. Bitcoin network meanwhile….needs to wait for the next block to do anything at all.
Thanks, Toknormal! Got an opinion on this subject? Let us know in the comment section.
https://www.dashnation.com/wp-content/uploads/2019/02/dashResponsive.png428650Guest Authorhttps://www.dashnation.com/wp-content/uploads/2019/01/headlogo.pngGuest Author2019-02-03 21:09:312019-02-03 21:19:00Tek Tok: A digital currency that has endured
Are you new to the world of digital currency? You’ve sure come to the right place! In a video treat, Cash Alternative TV’s Brian Davis provides the and Dash Core Group CEO Ryan Taylor provides the answers for anyone who would like to know about this exciting industry. Please enjoy.
If you like what you saw here, please let us know in the comments! Dash Nation is where the Dash community comes together.
https://www.dashnation.com/wp-content/uploads/2019/01/14CF2898-1A7E-473C-9129-9F3E610F5486.jpeg10801920Tao Of Satoshihttps://www.dashnation.com/wp-content/uploads/2019/01/headlogo.pngTao Of Satoshi2019-01-25 18:37:122019-01-25 18:44:50'What is Cryptocurrency?' with Dash Core Group CEO Ryan Taylor
Editor’s note: This is the official press release from Dash Venezuela in regards to the huge news of Dash being the exclusive cryptocurrency of Church’s Chicken in Venezuela.
Dash Venezuela continues to expand the cryptocurrency ecosystem in the country and adding merchants that are currently in the nation continue to bet on a better future. On this occasion, they announced the strategic alliance with the international franchise of Church’s Chicken Venezuela, where the 13 branches of the country will accept this currency based on blockchain technology as a form of payment.
In this way, this fast food consortium becomes the first large franchise that in its entirety accepts Dash as a form of payment. We must remember that Church’s Chicken is the fourth largest chicken chain in the world and has 1,700 restaurants in 25 countries.
The announcement comes after extensive and rigorous days of training, training and accompaniment of the process by Dash Venezuela, who emphasized this stage, since it is the fundamental basis for the expansion of the usability of the cryptocurrency in the country, remembering that Dash Venezuela has privileged the approach with the business and entrepreneurial sector through its trainings, conferences and workshops.
For Dash Venezuela, the launching is a satisfaction and a significant achievement for the crypto world, ensuring that the adoption went through different pilot tests in the chain’s stores while the negotiations between the two groups were developed in a confidential manner, until it was agreed upon. official presentation of the novelty.
Representatives of the franchise, indicated that soon will develop a series of promotions to encourage the use of Dash in their establishments, which are added to the more than 2,200 establishments in Venezuela that have this fast and easy mode of transactions.
The global director of business development at Dash Core, Bradley Zastrow, said that the Dash Venezuela community achieved an “incredible job” by encouraging the growing use of crypto in the country “and it is exciting to integrate with a major national food chain by first time in the history of Dash. “
For his part, the director general of Church’s Chicken Venezuela, Orlando Navas, said that he has worked hard with the teams of Dash Core and Dash Venezuela for staff training and adaptation of the system that allows the franchise to accept this cryptocurrency as a form of payment.
“This goes to show that we trust Dash and that it will become a growth agent in this new financial world, which is a viable system regardless of the economic state and that is also diagnostic of the industry.”
About Dash Venezuela: Dash Venezuela is the first crypto community in Venezuela, this organization has promoted the expansion of usability and the valuation of blockchain technology through conferences, workshops, training and specialized courses, which have allowed the growth of communities in the country, that today is located above the 30, present in at least 12 states of Venezuela.
About Church’s Chicken Venezuela: We are an international fast food franchise known worldwide for offering the most crunchy and tasty chicken. Talking about Church’s Chicken, means bringing the best crunch to your palate. Our main value is family love, and that is why our slogan promotes the exchange of our products with family and their loved ones. In Church’s Chicken Venezuela and in the rest of the world “Good things are always shared”.
Editor’s note: Please watch this video of Dash being used for the first time at this location of Church’s Chicken. Welcome to Dash Nation!
It’s a special feeling that you get when you are heavily involved in Dash. I am going to touch on a few reasons why in this article. One of the major ones is the fact that we are a very successful, innovation-rich currency, but our successes are met in the crypto industry either with silence, or a resounding “Meh”.
Major publications such as Coindesk seem to avoid writing anything positive about Dash like the plague, and places with large memberships such as Reddit r/Cryptocurrency have legions of people who downvote any post that has the mention of Dash and its accomplishments.
Now, this is not a recent development, there are a few reasons for Dash’s seemingly pariah-like status in the crypto space.
Dash’s launch problems are partially to blame
The launch of Dash (launched X-Coin) was not without its problems, with a bug in the code that allowed it to be mined at a very fast rate, so much so that over 1 million X-Coin was mined within a short time. Critics pounced on this, and claimed that the lead developer Evan Duffield was a scammer that knowingly released X-Coin with this bug. They also claimed that Evan single-handedly mined all of the coins and shut other miners out.
This story, which has never been proven, grew into something of a cult obsession with Dash’s detractors. They did not waste any opportunity to propagate this story to any newcomers, or anyone who had anything positive to say about Dash. Over time, due to the aggressiveness of the people behind this narrative, and the relative passiveness of the Dash community to debunk it, it became a widely-held belief. Rightly or wrongly, Dash had been labeled a scam coin.
Funny thing about scams, though. In order to be a scam, you need to have victims. To this day, there have been no victims of this supposed scam by Evan Duffield. Dash community members who did not listen to the prevailing narrative and invested in Dash did very well financially. Those who dare to challenge the scam narrative that prevailed for so long are met with a friendly, respectful, inclusive community that have their hearts set on developing and deploying a decentralized payment system for the world to use.
The dichotomy between the way that the Dash community is portrayed in certain circles in comparison to how we actually are is remarkable. If those who chose to believe the scam narrative would actually spend some time around us they would see that. Then, maybe we would not get sidelined so much in the industry. But, because we know what Dash is about and what its lofty goals are, we stay positive for the future.
Dash’s ambitions don’t earn it many friends either…
Did you know that Evan Duffield once approached the Bitcoin Core developers about adding PrivateSend (then called Darksend) to BTC? They informed him that they were not interested in adding any changes to Satoshi’s protocol, so that’s how Dash was born.
It became apparent to all that Evan truly was a genius from the very early days. His vision and his drive to be successful attracted others of like mind who paid no attention to the prevailing narrative. Over time, a talented development team and community was assembled around Dash. We made it very clear in every interaction with the crypto community that Dash aims to be the dominant world currency, surpassing Bitcoin in time. That’s a bold statement, and one that doesn’t win you many friends in the industry.
It turns out that we have reasons to be so confident.
The list of Dash innovations is long
Dark Gravity Wave, PrivateSend, incentivized masternodes, InstantSend, the Dash budget system, and ChainLocks are all innovations that can be claimed by Dash. These innovations result in a network that is silky smooth, fast, and secure. All of these features make Dash a strong contender to be the everyday payment system of the future.
If you sat down right now and attempted to send a few dollars worth of BTC from one address to another, and did the same with Dash, you would see that the BTC would take you quite a while to be fully confirmed at its destination, while Dash would take seconds to do the same. Yes, seconds. This is made possible by Dash’s second tier: masternodes, a Dash innovation.
Working governance leads to stability
Unfortunately for Dash right now, Bitcoin, the market leader in the space, is an unmitigated train wreck. First was the block size debate that raged on for years, leading to a fork and two different Bitcoins created. As if that wasn’t enough, the newly created currency Bitcoin Cash encountered its own governance crisis, ultimately leading to two forks as well.
This happens because Bitcoin has no clear way of knowing what the community consensus is for direction. Other than social media, which can be gamed and is sometimes rampant with censorship, with massive egos claiming superiority, BTC has no governance mechanism to rely on.
Thanks to the invention of incentivized masternodes, Dash does not have this problem. There are some strong personalities in Dash, and there is no shortage of disagreements, just like any other large crypto community. The difference with Dash is, we never dwell on arguments long enough to create irreconcilable differences.
Differing ideas are presented, debated, and voted on by the decentralized group of large stakeholders (masternodes). The result is respected, and the currency moves forward, with nothing but a few bruised egos. The doomsday scenario of a fork does not materialize, due to a clear way to decide on future direction.
Because of this, we stay positive for the future.
Dash concerns itself with development and use, not price
It’s really incredible when you visit a Dash communication forum. There are a few die-hards who like to talk about price, but the majority remain razor-focused on development and adoption. The confidence that comes from Dash’s innovations leads to this attitude. Also the fact that Dash aims to be used as a day-to-day money leads this to be high on our priority list.
We celebrate the usage of Dash in far-off places like Nigeria, Germany, and Venezuela. We help the development team create new versions with even smoother features. We tip each other constantly in Dash, creating new transactions on the blockchain.
We recently performed a stress test where we had over 3 million Dash transactions in a 24-hour period, a record in the industry. This did not get much coverage, of course, but it happened.
For Dash’s usage, we stay positive for the future.
If Dash were the market leader, things would have been different in 2018
Leading by example is something that Dash is great at. Stable, secure, fast operations, and a unified community is the reality here. Compare that to the never-ending drama in Bitcoin, and you can see that Dash really should be given a shot to assume this role one day.
I’m not saying that Dash would have prevented the bear market, because crypto markets are heavily manipulated. I am saying, however, that if Dash’s stability and innovations were put into the spotlight the same way that Bitcoin’s failures were, the bear market may not have been so long. The added infrastructure investment that would befit a digital currency that has its act together may have reversed the bear at some point in 2018 as well.
Watch out for Dash in 2019!
Despite the fact that Dash’s accomplishments get the silent treatment and we feel sometimes like we are yelling into a sound-proof room, the momentum doesn’t stop. Dash’s community continues to grow, innovations keep coming, and adoption is happening globally.
Bitcoin had its chance to lead, and it’s doing a miserable job. It really needs to make way for a project that knows how to lead by example, and could quite possibly help lift the whole industry out of the mess it’s in.
If you are new to Dash and just reading about it for the first time, or you thought that we were a scam coin, I don’t blame you. That’s the way it’s been during Dash’s short history. Share this article, help us get the word out! You are welcome to join us in Dash Nation as we help forge the future financial freedom for many around the world.
https://www.dashnation.com/wp-content/uploads/2018/12/pexels-photo-799420.jpeg15002250Tao Of Satoshihttps://www.dashnation.com/wp-content/uploads/2019/01/headlogo.pngTao Of Satoshi2018-12-07 09:33:122018-12-07 09:40:20Amid media blackouts and speculative selloffs, Dash Nation remains positive. Here's why.
https://www.dashnation.com/wp-content/uploads/2016/12/IMG_0792.jpg12801920Tao Of Satoshihttps://www.dashnation.com/wp-content/uploads/2019/01/headlogo.pngTao Of Satoshi2017-07-15 05:33:362017-07-15 05:33:36Does Dash Need Bitcoin To Succeed?
When I started investing into Bitcoin three years ago, I had no clue what I was doing. It’s mysterious nature caused me to continue putting money into it, despite the high volatility. My passion for this little snippet of data was more important than these government backed reserve notes. I would go out of my way to meetup with individual traders who had unreal commission rates that would make any newcomer stay away. After a couple interactions, I realized that the rates were burning a hole in my pocket, causing me to look elsewhere for alternatives. Thankfully, the price soared and I broke even making most of those losses a mere learning experience.
Many people have their own way of earning their share in the crypto community whether that be mining, trading, donating, blogging, advertising, selling products/services, and many more. One that I personally like is Dash’s Masternode Program. This seems like a mouthful, but thankfully this post will break it down so that you too can have a piece of this crypto-cake.
Dash: The Private Digital Cash
Dash can easily be summed up as digital cash. It is another digital currency (sometimes referred to as an alt-coin or alternative crypto-currency) that can be found in this space. Originally, it started out as a project to address Bitcoin’s lack of privacy. Once Evan Duffield, the creator, realized that the core developers of Bitcoin weren’t planning to make changes on the protocol level, he decided to push out Xcoin (Dash’s original name) in January 2014. Since it’s launch, it has grown substantially. Currently, it places itself at #7 on coinmarketcap. Not to mention, it has solved many issues that Bitcoin is still needing to resolve such as confirmation times, private sending, block size increase (how many transactions can fit per block), and a self-funding development budget.
Dash has a unique governance model that set’s itself apart from other crypto-currencies. In Bitcoin, all of the block rewards that are issued for mining (a function necessary to help secure the network) go directly to the miners. While in Dash, the block reward gets divided three ways, 45% goes to the miners (to secure the network), another 45% goes to the Masternodes (to vote, privatize transactions, and create instant transactions), and the remaining 10% goes to the budget system (to further expand the ecosystem). As you can see, Masternodes play an important role in this decentralized system. This is where you have an opportunity to generate a steady passive income. For starters, a Masternode is a dedicated server that performs a series of important functions for the digital currency. For these services, the owner is rewarded roughly 1.94 Dash every 7-11 days. The ROI that you can gain from this surpasses any of the benefits a bank can offer.
How to Setup a Masternode
There are two ways you can execute this, you can set it up yourself or have a third party service do it for you. Below, I have provided the appropriate information for whichever path you are wanting to take.
Setting It Up Yourself
What you will need:
1. 1000 Dash to activate your Masternode.
2. A server or a VPS installed with Linux (Some places to look would be Vultr or DigitalOcean)
3. A dedicated IP address (Which usually come with the VPS/server.)
4. Some time
Once you have acquired everything you need, you can head over to this link so you can begin to setup your Masternode.
Using a Third-Party Masternode Service
What you will need:
1. 1000 Dash to activate your Masternode
2. Extra Dash to cover the costs of your third-party service
3. Some time
Once you have acquired everything you need, you can pick out which third-party service you would like to sign up with. Below, I provided three options to choose from to get you started.
If you cannot afford the 1000 Dash collateral for a Masternode, Splawik’s Supershares & Hosting Service provides a solution where you can purchase shares to make some gains on your Dash investment. The minimum entry amount is 50 with an initial .3 Dash starter fee. Depending on the value of Dash at that moment a fixed percentage, currently its 18%, is removed from the earnings to maintain the service and hardware. Payouts are every two weeks and you have the option to increase your shares after a cycle has been completed. If you have any questions regarding this service, you can reach out to Splawik firstname.lastname@example.org.
A Possible Scenario
If you read my previous piece titled “Bitcoin for Dummies: The Ultimate Guide for a True Beginner” I talked briefly about Bitcoin debit cards. These debit cards allow you to spend your Bitcoin anywhere Visa or Mastercard is accepted. With this level of flexibility, you can work for this digital money and spend it as you normally would on everyday items or bills. It is even possible to convert your earnings made from your Dash Masternode instantly with an application called Shapeshift. In minutes, you can turn your Dash into Bitcoin to pay for whatever your little heart desires.
Automation is on the rise. Before we know it, our work will be replaced by cheaper, more accurate, and effective bots. At this point in time, it is vital to make some changes in order to survive this transition. I find that information is one of the most valuable assets an individual can have in their portfolio. Simply because if they didn’t prepare properly, they would be out on the streets wondering “how the hell did this happened?” To everybody out there, I hope you have taken the time to figure out possible solutions to this problem. Masternodes are one of many solutions to bring in an income that require little to no work whatsoever. This will be an interesting shift to say the least, one that will certainly make it in the history books.
https://www.dashnation.com/wp-content/uploads/2016/12/Dash.png583768Tao Of Satoshihttps://www.dashnation.com/wp-content/uploads/2019/01/headlogo.pngTao Of Satoshi2016-12-22 03:20:552016-12-22 03:30:04How To Have Your Crypto Assets Work For You
https://www.dashnation.com/wp-content/uploads/2016/11/dashnation_post_thumb_dash_detailed_ep2.png300500Tao Of Satoshihttps://www.dashnation.com/wp-content/uploads/2019/01/headlogo.pngTao Of Satoshi2016-11-19 23:10:102016-11-20 05:38:40Amanda B. Johnson at University of Minnesota
https://www.dashnation.com/wp-content/uploads/2019/01/headlogo.png00Tao Of Satoshihttps://www.dashnation.com/wp-content/uploads/2019/01/headlogo.pngTao Of Satoshi2016-07-24 01:41:542016-07-24 01:41:54Hard 'n' Fast vs Deliberate 'n' Slow: How To Reach 'Cryptocurrency 3.0'? | Dash Detailed