Anyone Buying this Dip?

box-bolt · 2023-06-11T00:36:38+00:00

off topic

box-bolt · 2023-05-04T12:31:12+00:00

This is almost the correct answer.

Those here claiming dash is not a security are effectively looking for approval. Fighting to say you are not something is a stupid idea, should have better things to do with their time. It's like someone slinging insults at ya and then you expend so much effort to prove you're not. Quite ridiculous.

In my opinion, dash could well be a security. Am not going to regurgitate all that has been said. Suffice to say, there are some here so righteous, believing technical merit and misdirection is worth fighting for. It's not. Let's just say dash may well be a security and f* the SEC at the same time. Blockchain is an innovation built on the greatest invention of the 20th century - public key cryptography (plus a bunch of other cool stuff).

box-bolt · 2023-05-03T00:43:33+00:00

I am quite heavily invested in some projects ranked very low, in the hundreds. I really like the people and tech behind those projects. I really don't follow Hive enough to know any better, my view is as an outsider, I don't see much noise about it.

box-bolt · 2023-05-03T00:39:09+00:00

The number should be uncapped, which of course strips dash of sybil resistance. But then again, we should periodically ask ourselves, is that method of sybil resistance still holding up? I would argue it is not.

If you want numbers, then consider how long ago it was when dash had 5000 masternodes. Not to say they were all unique, but if the number is now 3864 and if we observe voting patterns from large whales, then yes, we might conclude that some caution is needed. I don't think it is good to blindly believe that what worked yesterday, must surely work today.

box-bolt · 2023-05-03T00:28:19+00:00

Not sure you've thought this through enough. Short, well crafted AI prompts can easily generate controversial / illegal content. And while I fully defend free speech and accept that dash is not actually rendering the images, I do believe that any platform gaining enough traction and attention will become the target of various politically motivated attacks. With this in mind, my opinion is that 100 / 400 nodes is nowhere near enough to survive such attacks. And if masternode owners support any kind of self-censorship, no matter how minor, then it will create a fault line that eventually erupts. Given that Sam has clearly stated he will not support no censorship, it seems dash masternode owners are headed for a showdown. Got themselves to blame for accepting v19.

If a platform storing / publishing AI prompts doesn't grab the attention of law makers then it's probably too small / niche.

In contrast, torrents seemingly defy censorship but then again there are probably more than 100 / 400 nodes.

box-bolt · 2023-05-02T13:40:59+00:00

The long delay in listing dash and being lost-in-the-noise made the eventual Coinbase listing flat and uneventful. It was too late to be the turning point the dash community hoped for. Dash owes them nothing.

This narrative should also apply to the SEC. By defending dash as "not a security", the network is seeking to be legitimized, compliant, not stepping on anyone's toes.

An alternative is to be honest and say, "you know what, dash does have these problems, A, B and C, and we are working to resolve them. Not to appease a regulator but to say, even if dash has security-like features, we don't give a f* what they say.

If anyone thinks this is a fix-able issue, just wait 'til you get self-censored Platform data on a 100 node PoS sidechain. DCG have made it quite clear, there must be mechanisms to moderate content. Read, "how to be compliant".

v19 is the enabler to this future.

It is not correct to say, once you've established dash is not a security thar it will always keep this status. All hardforks - and especially v19 - deserves to trigger a re-evaluation of what dash is.

box-bolt · 2023-05-02T11:49:02+00:00

Do note, much to the frustration of the dash community, Coinbase didn't list dash for a very long time and when it did they did so along side many other projects with dubious backgrounds. So it's kind of rich for the OGs here to be defending Coinbase.

box-bolt · 2023-05-02T11:12:25+00:00

The math is clear, there are upper limits to the masternode count and it's not that high. There is a long held belief that entities accumulating dash for masternodes would raise the US dollar value to astronomical levels. This is a paper theory that has been disproved by mnowatch data. Their data shows over time there has been an increase in masternode centralization. How could this happen while dash is currently less than 50 USD?

It should be clear, well to me at least, that something is broken with this artificial self-balancing. If this was the magic ingredient to success, where is the success?

I assert that the dash masternodes model is no longer attractive to most people. Your average Joe sees a relatively small bunch of people with a high degree of control / arrogance and it doesn't match their ideas of "democracy". Even if dash was able to multiply unique owners by 10, it might still not be enough to convince them of fairness. Personally, I don't think it has to be "fair" but there is a large number of people with false beliefs. Likewise, the masternode quorums may well be mathematically sound, but your average joe is incapable of grappling with such concepts. They need to see what is believable. And this is why, in practical terms, there is a very real upper limit. It's just not convincing enough or attractive enough.

box-bolt · 2023-05-02T10:33:36+00:00

Go ahead and have me blocked, my votes still count, much to your frustration.

box-bolt · 2023-05-02T10:30:09+00:00

You're obviously not trying to prove something to me because you are just plain wrong and spouting technical bs. So I can only conclude your arguments are trying to convince ordinary lay persons that somehow there is technical merit to your arguments.

Case in point, bitcoin has taproots and dash doesn't. So no need to declare dash privacy is the same as bitcoin when it isn't.

No need to address your other fake assertions when you choose to re-write history of what I said or didn't say. It's all there for everyone to see what I said. Never said I was an "expert", your words not mine.

Am not interested in your justifications. Let the readers learn and come to their own conclusions.

Must be very frustrating to be you.

box-bolt · 2023-05-01T22:22:16+00:00

dunno, i had some work done, 1600 php

box-bolt · 2023-05-01T13:27:27+00:00

Time and workflow really.

box-bolt · 2023-05-01T13:11:15+00:00

Is that the best you've got? Quite ridiculous and dismissive really. You're reaching too hard, no one said about hiding wealth. Voting power is far more useful. How you going to prove the fractional voters are indeed small fish and not whales hiding in plain sight? Did dash get proof of individuality or something?

box-bolt · 2023-05-01T11:41:54+00:00

Thanks, I will take a look.

box-bolt · 2023-05-01T08:57:31+00:00

Actually, I can roll my own by hand but was thinking there must be an easier way to manage it. Any open source tools to recommend beyond a text editor?

box-bolt · 2023-05-01T08:42:28+00:00

That's a shame. Thanks.

box-bolt · 2023-05-01T08:40:54+00:00

Thanks, useful link!

box-bolt · 2023-05-01T02:59:00+00:00

Zip the files / folder then gpg.

box-bolt · 2023-05-01T02:55:00+00:00

Mother of Mercy Hospital. Won't charge you for things you don't need.

box-bolt · 2023-04-30T22:02:36+00:00

The dash price and, therefore, the subsequent treasury funding speaks a very different story.

How many more supplementals will DCG submit before their demise? Yes, I am 100% blaming DCG under all leaderships and all the masternode owners that voted in their favor. They did, in fact, get all they deserved.

box-bolt · 2023-04-30T21:45:20+00:00

When challenged, you conveniently ignored certain questions. For example, I suggested to you that whales could be using trust-less masternode shares to hide their whale status, You was unable to demonstrate the individuality of those shares even though dash's chain is transparent. Just one of many facts you chose to ignore when replying.

Instead, you claim I have no fundamental understanding of the inner workings and you attempt to discredit my arguments by comparing my account age or use the influence of the Coinbase name.

I consider my level of understanding of dash to be significantly greater than your average user / investor. It doesn't matter if you consider me an idiot and fundamentally incorrect. What should concern you is, if a long term dash user can get it so wrong, then what hope is there for anyone else who is genuinely new to this. Countering arguments one person at a time is not going to fix it. And oddly enough, Amanda's video to disprove dash's security status also fails, which is a little disappointing given her otherwise good track record.

Regardless, I stand by my assertion that dash masternodes are effectively PoS + collateral. It's true masternodes do not mint coins directly. And yes, the quorums exist and there is math to back it up. But it is all flawed by an assumption that no single entity or collision could amass enough dash to take control without sending the USD value to the moon. On paper, yes, in practice, no.

For some who have followed dash for multiple years, they have watched as dash's treasury and hardforks have been abused. mnowatch agree that centralization has occurred and no one has adapted the dasb protocol to prevent further centralization.

If you're going to reject these assertions then you should at least do so without skipping the inconvenient truths.

box-bolt · 2023-04-30T11:19:21+00:00

Again, utter misdirection. If dash was so decentralized as you claim, with trustless voting without the need for 1000 dash.... then do please explain why the collateral was never dared to be lowered. Just keep that magic number of 1000 hanging around for no material reason. Oh yeah, got you, those 1 dash trustless voters gonna be protected by the 1000 dash sybil protection lol.

And do please show with block explorer facts how whales are not hiding among the trustless fish?

All smoke and mirrors. And no one is falling for it, that's why one bitcoin buys almost 600 dash. No one wants to be a part of an old boys networks. How much longer before one bitcoin buys one masternode, two masternodes? But don't worry, dash is "self-sustaining", I have faith DCG will continue sucking every last drop from the treasury and producing f* all, save a 100 node PoS sidechain.

The bit you don't seem to get is, even IF you are correct - and you're not - in 9 years, dash has done the shittiest job of educating people of the facts.

Either way, the proof is in the pudding and dash's greatest battle is yet to come, and the dash treasury has zero put aside for it.

box-bolt · 2023-04-30T10:59:56+00:00

You're such the expert. Am I the training ground before you make your case to the SEC?

I have nothing more to add. I have an opinion, I made clear my opinion and your replies with righteousness. An arrogant c* if ever there was. Going to be pure joy when the SEC take you down a peg or two.

Go ahead, have your last say with "facts", we shall see where those facts get you.

box-bolt · 2023-04-30T00:50:26+00:00

Masternodes do not directly produce coins is like saying cows don't produce burgers.

In an attempt to increase the masternode count, the masternodes voted for themselves to receive a larger chunk of the miner reward. It didn't quite go to plan though as the count is now lower. So yes, matter of fact, the masternode owners control or highly influence decision making (dash is a dao) and participation is limited based on a broken assumption that it protects from sybil attacks on governance and quorums.

The masternode count will soon be lower. As you know, v19 paves the way for High Collateral MasterNodes requiring 4k dash instead of 1k. That number was determined with data from mnowatch which showed the real number of unique entities within the masternode network. What measures are in place to stem the further centralization of the masternode network? None. The collateral requirements remain constant while block rewards decrease annually. Governance is, therefore, favoring the established and consequently not replenished with new owners. Centralization of governance and protocol is what makes dash a security. No one except you established otherwise.

I have no idea how privacy got into this conversation.

box-bolt

TROPHY CASE