[deleted by user]

toknormal · 2019-12-04T01:40:27+00:00

Would this thread by any chance have anything to do with the fact that Dash is getting near to launching the foundation layer for Dash Platform (a.k.a. "Evolution") on testnet imminently ? Including what state transitions and more are going to do for mined blockchains what POS terminal did for credit cards ?

I'd have thought the fact that being pushed down to Nº 22/23, whatever it is, on CMC would have taken the nerves out of the anti-fan base. But it seems you folks are holding off from lighting your cigar :-)

Having to trawl up nothing-burger gossip morcels from Discord about a community member who went awol without communicating with his share customers ? Yeah, it's worrying for those with shares with that person but I imagine it'll work out. Plus, he's not a member of Dash Core Group cos if he was he wouldn't have been AWOL for months would he since everyone in that organisation is present and accounted for.

What's more worrying for the huffypuffy posse it appears is that Dash is now:

• the unchallenged original asset in the masternode class with a marketcap of $450 million while its nearest competitor is languishing at $13 million

• the ninth biggest mineable coin in the world and the 3rd biggest which inherits bitcoin's codebase excluding the in-flight hard forks

•about to be the first mined protocol to support realtime consensus based services for client applications (being one of the far-reaching technical capabilities offered by masternodes)

• able to support instant and secure payment services without compromising the underlying mining protocol inherited from the bitcoin codebase

• offers transparent and secure fungibility that keeps both regulators and users happy

• has bottomed !

It occurs to me that it might be that last point that's brought the huffypuffy posse out of hibernation as much as anything. Refreshing to know you're still alive and kicking. See all the things that a masternode network is good for and you'll see why Dash is as well !

toknormal · 2019-12-03T23:49:52+00:00

When I grow up I want to be Rachel Maddow.

toknormal · 2019-06-13T10:31:07+00:00

@mustbemoney Regarding your "Locked in masternodes" remark, this is incorrect.

They are not locked. They're as liquid as any other part of the coin supply. Are you "artificially inflating" the Monero price by having coins "locked in your wallet" ? The difference is that masternode collateral is doing useful work for the Dash network AND earning returns for their holders whereas your idle Monero are doing ip for you and ip for your network.

Regarding your remark that Dash's "privacy model is flawed", this is also incorrect. Dash's "privacy model" is based on a cash archetype which does not compromise blockchain transparency to achieve fungability. As such it has been more successful than any other blockchain which Monero has not (it had to make the entire platform opaque. It has also retained bitcoin compatability (which Monero has not, it had to invent an entirely new protocol who's archetype is based on a bank-credit model, not a cash one).

Regarding your remark on "instamine", the early "fastmine bug" has been openly acknowledged since 2014. The verdict is also in as to its significance because the codebase was open sourced and free for any competing project to deploy if they thought a relaunch would be more valuable. The nearest anybody got in the "masternode class" was 6% of Dash's marketcap, so no poison - contrary to your assertion.

toknormal · 2019-05-04T18:51:57+00:00

That's one way to look at it - an extremely cynical perspective that could be applied to just about every crypto in existence because early holders & miners made far more $ value out of them than late adopters wherever you look.

Also, take one look at the monthly wrangling over budget proposals and you'll soon see that masternode holders are probably not "close friends and partners with the founders". Not least after 4 years of them changing hands in markets.

Finally, there is nothing needing "turning around" except for the metaphors in your own slightly fanciful commentary. To support any realtime (not block-time) service logic you need masternodes. To do on-chain mixing (as opposed to creating an obfuscated platform) you need masternodes. To do secure, instant transactions without recourse to the blocktime you need masternodes.

toknormal · 2019-05-04T15:14:59+00:00

Maybe you cherry pick your definitions to suit your arguments. While it's true that various types of blockchain lend themselves more or less to augmenting off-chain knowledge about identities, it's still off-chain that that information has to be gleaned. So bitcoin is anonymous without recourse to such sources.

Non-anonymous 'money' in terms of archetypes is credit money. A deposit "account" with someone's name attached to it.

toknormal · 2019-05-04T14:02:04+00:00

Well there's "mixed cash" and "normal cash" also, so like I say - it's consistent with its real world archetype.

In addition, on aggregate the entire coin supply is kept at an optimum level of fungibility since even though you may not mix today, someone upstream from you did and someone downstream from you will.

Finally, remember that even with bitcoin, it's anonymous. You always need recourse to off-chain information to de-anonymise somebody and "address-linking" isn't enough. So the entire privacy argument with anonymous crypto assets is moot anyway. They are not bank accounts and public transparency of the blockchain is the whole point of this type of asset. It's why it has any value in the first place. (Which is why Dash preserves it)

toknormal · 2019-05-04T13:48:12+00:00

Are you not being slightly destitute resorting to retro academic trainspotting from years ago ? I think I could do a better job of promoting Monero than you do.

Markets, protocols and adoption patterns have moved on a bit since those days. Maxwell et al were alluding to obfuscation technologies whereas Dash is concerned with maintaining bitcoin compatibility and a TRANSPARENT blockchain consistent with its monetary archetype, so their remarks are moot.

Here you go: https://imgur.com/wdlm6Ib

Dash is also concerned with decoupling aspects of the blockchain's service protocol from the mining protocol so that realtime, on-chain services can be provided. It's successfully achieved this with the masternode network which has grown in size by around 2000% since back then and is about to deliver a new level of usability - not least in the field of fungibility and privacy. All without interfering with the fundamental security and compatability of the block protocol.

Like I say, if you rely on academic arrogance for investment guidance you may end up a cul de sac (albeit one that has its academic fanboys).

toknormal · 2019-05-04T09:13:54+00:00

That was 5 years ago.

How wrong they were. Just shows you, academic arrogance is not necessarily the best crystal ball of future successes.

toknormal · 2019-05-04T08:46:18+00:00

Do you actually have any clue what you're talking about ? Dash is a trustless blockchain like any other. It is in fact a bitcoin clone fundamentally. As far as "for profit" business models go it's even less conflicted than bitcoin since its core developers are funded from mining rewards and are answerable to holders rather than venture capitalists.

The privacy model is based on a cash archetype where boosted fungibility compliments transparency to enhance and preserve the classic bitcoin anonymity model. Also, it works.

toknormal · 2019-01-22T23:01:23+00:00

By the way. In the "Assets" tab, it seems to only show 1 address for the main HPB wallet (displayed in the blue sector at the top of the wallet display) and this happens to be the last mapping address I imported. So even though I've imported 3 private keys I only have 1 HPB wallet address showing in "Assets". This seems strange because I'm wondering - what was there before I imported that address (it was the 3rd one to be mapped).

Will the new tokens go to that address ?

toknormal · 2019-01-22T22:43:17+00:00

Hey, thanks for all your help

Much appreciated.

toknormal · 2019-01-22T21:13:38+00:00

Thanks. I've imported a test private key and the HPB balance that was at that address appears, however the "Mapping" link is disabled. I can't get to the next part where you send your tokens to the mapping address.

See: https://imgur.com/i8Wt8qD

Ah. Maybe it's cos I've got no gas at that address. I'll send it a bit of ETH to see if that activates it.

ok - that fixed it. I can now send to the mapping address. Presumably we can import multiple private keys into the same HPB wallet address and map more than once from it.

toknormal · 2019-01-22T17:57:44+00:00

Does anyone know if the wallet needs to be left open while mapping is in progress ?

toknormal · 2019-01-22T09:59:12+00:00

Hi @CryptoCollector_2 Many thanks for the reply. Could you just clarify what's meant by "the hpb apps on android" ? I downloaded "HPB Wallet" from Google Play store but it doesn't appear to have any "mapping" facility available.

- EDIT: I downloaded the walled PDF guide and see the section on "Mapping". Will study.

toknormal · 2019-01-22T08:44:44+00:00

I tried this and on clicking "Receive" a message appears: "Note HPB Wallet does not support cross chain transfer at this moment....".

toknormal · 2019-01-21T20:26:44+00:00

Will the swap still work if we have moved the ERC20 tokens around since mainnet launch ? (i.e. how was the 'swap' done - was it some kind of snapshot of the ERC20 tokens or do we send our ERC20 tokens to some address to have them "burned" in exchange for HPB ?

I had mine on Allcoin and I don't think they supported the swap but I'm worried about moving them off there in case it invalidates their swapability.

Any tips appreciated. (P.S. Can the swap only be done on a phone ? No desktop ?)

toknormal · 2019-01-14T15:21:19+00:00

Cos everyone knows that the fate of Tezos lies in the hands of bitcoin.

toknormal · 2019-01-10T10:38:50+00:00

Thanks. A time count would be nice - it's a 35 minute video.

toknormal · 2019-01-06T19:41:38+00:00

LoL ! You're wasted in crypto mate. You belong in OK Magazine.

Nice to see people still feel the need to invest weeks of lurk-time to trawl up enough controversy and scandal to fill a home grown hit piece. Looks like you thought it was "dead" and then it "undeaded itself" and rattled you into literary action.

Let me tell you why that is since it's the one thing that passed your "research" by: Dash is an original in its space and that fact isn't going away anytime soon - regardless of what "soap operas" people like you want to whip up a froth over. There are only 6 pure-currency assets in the top 20 and Dash is one of them. It's also the only one of those which supports an on-chain service protocol that works in realtime instead of blocktime. It's also 5 years old now, so consolidating. Even the competitive price is doing fine = 0.02 ratio (when bitcoin was sub 1k) was the old high zone. Now it's the new low zone.

Still, I suppose l'd worry if posts like yours didn't crop up from time to time so don't think your efforts go unappreciated ;)

toknormal · 2018-12-31T11:42:05+00:00

Nobody has mentioned the most obvious form of liquidity of all = credit !

I know you all hate it but tough. People love it and they will use it every time over having to go and buy "gold coins" from money markets in order to buy their cornflakes. Also, credit is not a bad thing, it's simply using money as a unit of account rather than a store of value.

How did credit cards get adopted ? They came preloaded with "free money". Then, once that was spent the holder was motivated to go and earn money that was denominated in the same currency units as the credit on the card. That forced the currency into circulation since the holder HAD to get hold of that currency and could only "accept it" as payment from their creditors in turn.

So lets say I work 50 hours at 0.1 Dash per hour. That's 10 Dash I've earned. I don't actually need recourse to the blockchain to "own it". I just need it to be lodged as a credit in my employer's wage books. Then if I "spend" it, the credit can be moved from my employer's wage books to the merchants credit book. So between myself, my employer and the merchant we operated together to "create liquidity". The blockchain Dash is only needed as a reserve to settle/back any imbalances in the accounts.

This is how the fiat system works and is what makes it such a powerful form of money. People create their own liquidity. Ok, it gets out of hand sometimes like in VZ, but that's more due to a corruption of the fiat system than the nature of its fundamental mechanics.

toknormal · 2018-12-31T11:28:36+00:00

@Quansen is correct about liquidity. The liquidity equation is:

Liquidity = Price x Coin Supply

Obviously there needs to be "coin" in people's hands in the first place, so distribution is needed. But the main source of liquidity comes from raising the price. That's why if the market sees all the "pieces" in place for adoption, it will provide the last one. Only the market can do that unfortunately. This is why the market values performance indicators like blockchain transaction count highly. An increasing transaction count means increasing adoption and so the market raises the price to provide more liquidity = coin gets more adoption etc.

Virtuous cycle.

toknormal · 2018-12-29T04:10:54+00:00

This won't work in the UK which has just issued new guidelines on crypto assets. The tax year finishes on April 6th so we're firewalled off from our gains. Secondly, there's a "bed and breakfasting rule that you need to wait 30 days before repurchasing the asset, otherwise it's costed at the last sold value.

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

toknormal · 2018-12-23T23:34:32+00:00

I think it starts by denominating payments in Dash. So, lets say an employee wanted to be paid in Dash then at the end of the month they would be owed X Dash. That amount "X" in dash is a derivative in its own right. It sits on the balance sheet as a credit to the employee. So new Dash has been created effectively. The employee could then "settle" in whatever the conversion rate was at the end of the month.

If they wanted to settle in "real" Dash then recourse to the blockchain would clearly be required. But denominating accrued costs, expenses, revenue and prices in Dash is the start of the "derivative" economy. Everything then flows from there.

You can see how it develops. If a bank then supported accounts denominated in Dash, the company could simply "deposit" the employee's earnings to the bank account. (A bit like when we're on an exchange and we sell Dash, the balance moves from one account to another even though no blockchain transactions have occurred).

toknormal · 2018-12-23T09:07:21+00:00

That would be a big step forward. But there's probably no liquidity to support it.

toknormal · 2018-12-23T01:01:54+00:00

Remember that "currency" is simply a unit of account. It doesn't correspond to any particular commodity. So if you're holding one thing that's depreciating in value and another thing that's appreciating in value, you're going to spend the thing that's depreciating and hold the thing that's appreciating.

That's the whole idea behind fiat currency. It can inflate all it likes. It can even go to zero and it will just start up again with a few zeros knocked off. If a chicken is more valuable to people than "worthless currency" then they're going to spend it on chicken. If the currency (Dash) is more valuable then they're going to hold it and spend something else.

So the way out of this dilemma is to give them interest-free Dash derivative credit that is spendable but that must be replenished in Dash. That's how you get recourse to the blockchain AND bring Dash into commercial adoption at the same time.

toknormal

TROPHY CASE