Recent content by Kim Koldtoft

  1. K

    37 Dash in my wallet and my BIP38 passphrase is not working :(

    Thanks for the help guys. I manged to figure it out with manual attempts. The answer was a space in front of the passphrase. So dumb.
  2. K

    37 Dash in my wallet and my BIP38 passphrase is not working :(

    Thanks Leonidas. I can't seem to find that username. Is it https://www.dash.org/forum/members/tungfa.269/ you are referring to?
  3. K

    37 Dash in my wallet and my BIP38 passphrase is not working :(

    Note: I have cross-posted this on Reddit.com I have a cold wallet with 37 Dash in it, which is about 8.000 USD$ at the current exchange rate. Today I wanted to withdraw some of them to pay for some renovations, but to my surprise, when I tried to decrypt the BIP38 encrypted private key, I get...
  4. K

    More power to the rich?

    That's good to know. Do you know if the scaling plans, are for the masternodes to hold the majority of funds, in a "main stream" model? If so, that would mean that there should be a lot of masternodes, or that the masternodes will be very very rich :)
  5. K

    More power to the rich?

    @GrandMasterDash I think those are two different things. Dash paying interest is as far as I have understood, an upcoming feature of Dash evolution, and a completely separate thing from what Masternodes are being paid for.. But it's a very good and valid point that the interest payment of...
  6. K

    More power to the rich?

    @Vedran Yoweri The argument is not that choices will be hard. The argument is that some choices will give MNO's a direct financial incentive to vote in a way, that might harm the overall Dash economy. To stay with the interest on locked funds example.. Let's assume some users will be...
  7. K

    More power to the rich?

    @Dandy it's pretty common that you get a higher interest if you deposit more, at least in Europe. I would be surprised if this was different in other places, but I don't know. However, this was back before the interest went to negative. Now having money in the bank, costs interest....
  8. K

    More power to the rich?

    The example is simple, to avoid a debate about practicalities and variables, of which there are an infinite amount. So another example I just made up... There are plans for a system where people can make interest on Dash if they "lock" them in a savings account (or at least so I have herd, I...
  9. K

    More power to the rich?

    Super simplified example: I am a Masternode and I Vote to create 1000 dash and give them to me. 5 minutes after I get my 1000 dash, I sell all my (now 2000) dash at full current value. A few weeks later, the value of Dash will go down a little due to inflation, but I don't care, because I am...
  10. K

    More power to the rich?

    Or in so far, that you do it to such a small degree, that it harms each customer only very little but benefits you allot. Like you add 1 drop of water to each bear, and because you have 1000 restaurant, you save a fortune and the customers don't really care about 1 drop. It is exactly like...
  11. K

    More power to the rich?

    I really want to keep a positive and somber tone, but I truely think that this is a terrible and dishonest analogy. And clearly there are endless cases of successful businesses that have made decisions that harms their own brand and their customers, in order to gain short term benefits. So this...
  12. K

    More power to the rich?

    They care if they lose all their money, or even any money, but that is not correlated to the overall health off the Dash community. For example if the Masternodes vote to create more Dash and award those newly created Dash to them selves. This will increase their own wealth (hence they will...
  13. K

    More power to the rich?

    @ Vedran Yoweri The logic is that everyone always have their own interest at hand, including the Masternodes. They are incentives to do whats best for Dash, because it's best for them. But if Dash goes up in value (which it would if it goes main-stream), their incentives could easily shift, so...
  14. K

    More power to the rich?

    Let me try to explain the logic that I am advocating a little better then. Imagine a future where 1000 people own 1000 dash each, which is valued at 1 billion USD in today's money. The average user use Dash as their main currency. They get paid their salary, pay their bills ect. and obviously...
  15. K

    More power to the rich?

    Yes. That's pretty much my point. So if we can mitigate this misalignment issue, we can keep Dash, a more competitive crypto. Which is why I was looking for some mechanism to keep the interest of the MNO's aligned or in check, with the interest of the users, once their interest inevitably...