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Dash should create his own exchange

Discussion in 'Exchanges' started by EUsouth, Jan 13, 2019.

  1. EUsouth

    EUsouth New Member

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    With Instant Send and PAIRS in Dash - eluding, in addition, the "Cannibalism of Nakamoto" (the imperative use of BTC and its influence, often parasitic and harmful, in the crypto ecosystem) and aspiring to a life behind the back of BTC - could propose to all crypto users that they had their currency in seconds and two clicks. The claim for Dash's claim would be bestial...and NOW is the moment.

    The fees could be invested ... well in fiat support of a Stable coin absolutely necessary for a relevant payment gateway to eliminate the volatility to its users, merchants, etc ... or to buy Dash Tokens and accumulate equity for the common treasure in Mnodes - what would provide heritage, future income and continuous demand for the currency -. Or in both cases. A community that would feed their common treasure would go to the service without any doubt.

    Imho, I believe that facing this task in the short term once Evolution is consolidated in the system would be a challenge at the height of what an emblematic and top project should assume by the Central Core.Many members of the community do not have the capacity to make proposals of this substance, difficulty of organization and costs ... but you DO have it!

    The truth is that, with absolutely all the respect, the timmings in the crucial developments, the repetition until the exhaustion of the same "argumetal milestones" - Instant send, more than 2000 merchants in Venezuela...one time and another and another more... -, as well as the irrelevance of most of the proposals they create, as beyond my impression, the communication with other members of the community confirms me, not little disappointment in the project ... when we have one of the best, if not the best, governance system AND FINANCING of the criptoscene whose feedback we should take advantage and optimize to address urgently, without renouncing the adoption of 4 retail merchants ... but without flagging or basing the enormous power of a project like this in, with all due respect, with such modest movements.

    Please, a little self-criticism and less complacency ... that you see the videos of Dash and it seems that we are of continuous celebration, when they are exceeding us, and with reason, quantity of projects in the top. Dash deserves to be much more present in the blockchain revolution. Please, show height of view and pride !!! ...the project deserves it. Let's open to a future in other terms, based on our own ecosystem !!!

    Greetings to the whole community.
     
    #1 EUsouth, Jan 13, 2019
    Last edited: Jan 15, 2019
  2. EUsouth

    EUsouth New Member

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    In my opinion, in addition to an own exchange, where there is an ABSOLUTE SECURITY, the wonderful and powerful feedback that the Dash governance system gives to our project, should be topped with a Stable coin of Dash, our own "Tether reference" - that we have already seen what role plays in its financial support to BTC and in fact, to the entire crypto ecosystem -. The resources generated would be enormous.

    There is a FUNDAMENTAL basis: That the movement of that Stable coin be supported - or supported in the appropriate measure and form - by the "original currency" of Dash, this one, subject to volatility (supported in whole or in part, would be the ideal approach) ... but in any case, that would be reinforced by the movement of the Stable coin.

    One step further in a Stable coin approach that also provides feedback on the Dash quote (based on several threads that deal with a stable reference of Dash, in which I participate) :

    The emitted supply is free and is deposited in one or more wallets in public view. A powerful technical department DEDICATED - it could be to both the stable and the exchange - it releases that supply and the fiat is deposited in a transparent account.

    Automatically, the Dash community must block the same amount and dedicate that deposit to Mnodes ... whose rewards will proportionally affect the owners of those deposited Dash. The available supply, EXACT MEASURE OF THE REAL USE OF DASH, decreases ... and the quotation should value that reduction, because it is due to REAL USE to extend the current stable currency.

    Collateral aspects - basic and a "general level ... pending of all the possible nuances" -:

    - Volunteer lists are created to the blocked Dash, probably a second deposit point where they are blocked - or they are blocked with a smart contract on their own wallet until their entry -. Thus, that deposit of Dash would not be eternally blocked and their owners could sell, so believe it appropriate ... as well as those who did not have blocked tokens, take advantage of the returns of those Mnodes, in proportion to their contribution.

    - The expansion of the existing supply - if required by the market - must have the commitment, ultimately, that the owners of Dash are suppliers of liquidity at, say, 1% of their possession, as an inexcusable contribution to the community . This acceptance could be declined if the list of requests to voluntarily block tokens covers the amount needed for the new issuance of stable coins.

    - Obviously, the new Mnodes would contribute to the common treasure ... as well as all the fees generated by the movements of both "original" Dash and "Stable coins".
    - All this could be generated from a "secondary" / Dapp token, oblivious to the central core ... but contributing in fees to the Dash blockchain. Could start from a private initiative and particular, OK ... but this, or affect the common treasure equally, nor include, probably, the control mechanisms that this department would require ... so I prefer to expose it publicly so that DCG, a point of the greatest consensus in the organization, address this task ... because I think that such a sensitive issue, which influences the price of Dash, should be supervised in those terms and not by a particular initiative that could prioritize its enrichment to that of common treasure, as well as facing custodians, etc ... that is something very delicate and whose negligence / errors // bad luck, etc we could pay all. That common responsibility, I understand that it could only be considered as an initiative equally common to the whole community.
     
    #2 EUsouth, Jan 15, 2019
    Last edited: Jan 15, 2019
  3. EUsouth

    EUsouth New Member

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    In summary: I think the key to both proposals (and others, because the bullish feedback of finantial and governance system are endless) is the power that the community has, not only to sustain, but to project their own currency uniting and guiding their particular movements towards this type of own services. This would give us great capacity for autonomy even in bearish general markets.

    The massive adoption and the new members that arrive is something fantastic to pursue ... but it is not less to be aware of the strength of the existing ones, which is something that we have to optimize at all times ... and that is an adoption REAL AND CURRENT.

    Not everything is "future" in crypto.
     
    #3 EUsouth, Jan 15, 2019
    Last edited: Jan 15, 2019
  4. EUsouth

    EUsouth New Member

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    When speaking with a member of DCG, who kindly listened to me about the possibility of creating a proposal for a Dash exchange and a stable coin that fed back into the Dash system, I learned that something over $ 250,000 corresponds to the return monthly of about 26 devs of DCG full-time and a few part-time ... with an average of about $ 9000 return. On the other hand, there are innumerable proposals, of very different contribution to the ecosystem, subsidizing "workers" of Dash. This generates three very clear layers in the ecosystem: The ones that charge a lot of it, those that simply charge ... and those that support, in brutal losses, all that enormous distribution.

    Someone believes that, in a wildly bearish market where the community supports the token with losses, in many cases, that exceed 95% ... this stimulates the need for Dash to create wealth? Personally, what seems very clear is that in Dash many people are guaranteed very good income ... which in the context indicated, is a bestial imbalance.

    I see absolutely normal that, in these circumstances, debates about the CREATION AND RETENTION OF WEALTH do not arouse the slightest interest ... above all, for the most active parts of the ecosystem.

    Nor do I perceive, with respect to the particular issue of an exchange and a stable coin that fully revert their returns in the ecosystem of general interest, what is the approach of Evolution against crypto volatility ... a battle in which stable coins are sweeping ahead of our eyes for more than a year now. The easy excuse of a bear market for all projects seems to give great peace of mind to those responsible for this release ... although those who support the ecosystem convert their dollars into pennies.

    For my part, I can only call the system commented, because before the contribution of a hypothetical mass adoption, there is the NOW AND REAL ADOPTION ... and the wealth generated by its movement, which given the self-financing system of Dash , it should be urgently optimized. URGENTLY. The users of Dash, who adopted the medium some time ago, want our demand for blockchain services to be reversed in our own project ... is someone considering making this possible? Or who takes regularly do not care too much that all those resources are diffused in income to third parties?

    A Stable coin backed in a transparent fiat deposit (or jointly by a basket of referents, such as precious metals and / or Dash coins) and an exchange that will take us out of the way through BTC and stimulate holders of other crypts in their particular access Thanks to the speed of Instant Send, they could be a huge generator of continuous resources with which to buy Dash Coins and create "Community" Master Nodes that, in turn, generate new resources for the ecosystem.

    On this point, the query that I made to a member of DCG was absolutely blocked, because, logically, it goes beyond the technical level to install itself, in the economic, etc ... for that reason I understand that DCG should manage an issue of this type (If you are not doing it already, that would be the most logical ... although we will finally see at what point "revolutionary" installs us an Evolution that some have been charging YEARS ... and at a splendid level).

    For my part, and as a member of the community (very surprised by the lack of references of this type in the Evolution approach) I can only call the debate about it. The cripto casino is history ... and the massive adoption is to use STable coins that ensure objectivity to the massive users that claim to be searching. The key is that these stable resources (as well as the commented exchange), revert positively in the ecosystem creating an optimized loop. I do not know if this can be an SOS copside ... or is a joke for those who take the helm of the project ... but there are my 5 cents.

    By the way ... no need to resort to a STable coin, crypto & external ... to DRAIN the ecosystem of Dash (or any other volatile coin open to trading): Dash projects that involve steps to fiat banking , cards, etc ( probably loaded with the best intention ... but blinds for that question of substance that is debated here )are a game of zero sum for the central currency. They get Dash users to provide Dash ... but they are a constant source of sales of those same Dash Coins (and, incidentally, making the product more expensive with commissions ... and that is not to transfer the crypto user the cuts that the blockchain technology can provide against the transfers of the banking system).

    Without a stable coin, commissions of 1%, for example, are a brutal , exponential distortion in a transfer mode that is charged in thousandths of a dollar. Its ridiculous.

    In summary: Neither the distortion nor the revaluation of Dash occur because of the use of a Stable Coin (own) ... but precisely, of ignoring that mechanism and not orienting it to the feedback of the system in an optimized loop.
     
    #4 EUsouth, Feb 6, 2019
    Last edited: Feb 6, 2019
  5. EUsouth

    EUsouth New Member

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    - BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES (for blockchain services required by the Dash community, which is an agent of great weight in this type of request by USERS WHO HAVE ALREADY ADOPTED THIS TECHNOLOGY)
    - The resources generated must be INTEGRALLY dedicated to the ecosystem ... except SALARIES and EXPENSES ... but without leaving commissions to the criteria of promoters,. for that will only facilitate speculation and distortion about the great savings that Dash means with respect to the banking system, MINIMIZING THE POWER OF DASH and the GENERAL and DEMOCRATIC feedback of a COMMON project ... which is the spirit of Dash. DASH does not face the TYRANNY BANKSTER to create new commission agents ... it is DIGITAL CASH, money optimized for PEOPLE WHO USE IT.
    - A DASH exchange, WITH ITS OWN PEERS and in addition to financing us, would liberate the ecosystem from an imperative step by BTC and from a speculative influence (THE NAKAMOTO CANNIBALISM ) that is more than questionable, as well as facilitating other projects instant access to its cryptocurrency through INSTANT SEND. A DASH STABLE COIN does not have to paralyze the quote, but, optimized for it, feed back the ecosystem for the benefit of the community, in addition to canceling the crypto volatility. Both options, and all those that can arrive, must be, of course, worthily paid to their promoters who have turned their WORK in them, but always oriented to the INTEGRAL benefit of the community.
     
  6. blockchaintech

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  7. EUsouth

    EUsouth New Member

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    Statements by Ryan Taylor. Let the Dash dome discover that money users prefer money without volatility is to cut my veins ... YEARS with Evolution in the kitchen and Stable coins in the face assaulting the crypto ranking to read this.

    The round of answers yesterday, a horror movie full of excuses, "soons" and "non-public information" ... at $ 9,000 per person / month. Of the millions of dollars "evaporated" in inflation or proposals without feet or head, means of info that are pure propaganda trying to ridicule Charly Lee while pissing us in the face or repeating a thousand times the 4 mantras chosen to make up this nonsense, it is preferable to forget. A certain Valenzuela calls to arms and revolution a community that loses 95% of its investment while transmitting a "debate with beer" and jokes with its interviewees ... there is nothing to worry about. To the barricades !!! Long live the democratic layers of Dash !!!

    Neither hiring a website from a particular provider, in a PHYSICAL deal, they are able to meet objectives, dates ... Of bigger challenges, better not to mention (well, talk, yes ... that's not enough). Dash in its pure state.

    The community, looking, impotent. Money "democratic" and "avant-garde" ... and you feel the most manipulated stupid of the western world. In March, their Mnodes will place these geniuses in the dome of trust of the project.

    Look at Dash 2 years ago ... literally, to cry. Let's pray for the health of the grandmother who was going to handle Evolution ... and let's hope she lives 100 years. ( Also, it's not bad wait at $ 9,000 / month )
     
    #7 EUsouth, Feb 8, 2019
    Last edited: Feb 8, 2019
  8. EUsouth

    EUsouth New Member

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    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
     
  9. Allcrypto

    Allcrypto New Member

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    I thought that Dash already has its own exchange.
     
  10. Mikil

    Mikil Member

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    Me too.
    Really surprised that it's not.
     
  11. EUsouth

    EUsouth New Member

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    In WAVES they would give an arm to have the Dash community and provide it with trading services ... for the benefit of the chain itself.

    In addition, Instant send can create new Dash users ... to get their respective portfolio's currencies in time and clicks records.

    But hey ... they'll do it when Dash is worth a dollar. Taylor says "he's taking advantage of the dump to buy." And it does not surprise me, really. DCG loading ... while the community bleeds.

    Long live the revolution.
     
  12. EUsouth

    EUsouth New Member

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  13. blockchaintech

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    Yes, I have already mentioned it several times ... Dash using as vehicle DashVentures should enter within the capital of these 3 companies categories:

    a) A small exchange
    b) A payment processor
    c) A European FinTech company licensed.


    If we do this .. 'to the sun'
     
  14. GrandMasterDash

    GrandMasterDash Well-known Member
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    It's not going to happen, at least via DCG. However, I do think after Evolution, DCG should work on making a multi-crypto wallet that brings the key features of Evo to all other cryptos i.e. usernames and mixing. From a technical perspective, I believe it's entirely possible that usernames for bitcoin is entirely possible via the dash blockchain, as is coin mixing via dash masternodes.

    As for the exchange of cryptos, initially that can be done with something like waves integration.

    And stablecoins.. forget it, it's never going to work, they will all break eventually, even if it takes years. The idea of a stable coin is like saying that straight lines exist and they will always remain straight.
     
  15. EUsouth

    EUsouth New Member

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    OK, but... why (a) a small one?

    Binance or Coibase are currently crypto cathedrals. In the gold chimera of 2 centuries ago in the Yukon, the prosperity ratio skyrocketed among the sellers of picks and shovels, not among the gold diggers. If beyond that, and as a member full of crypto faith, you are going to those "cathedrals" and you are received with whims, as in the case of CoinBase
    (or you approach the "evangelical" Bitcoin to suffer a Cannibalism from Nakamoto that drains, drains and drains an "allegedly democratic" economic sector - but constantly manipulated by the economic influence of its main member -) ... then more powerful reason to develop your own and self-sufficient ecosystem ... and squeezing every last resource. And independently to certain "fellow travelers", of course. In the crypt STadium there are options of all colors ... but DASH is DASH ...AND ITS POWERFUL COMUNITY. And in this affirmation, And in this affirmation, so gratuitously groped, no letter of pure reality should be removed.. And this is Dash's revolutionary ability ... not the epic calls to the barricades from Valenzuela's "beer talks" or the "complicity" of a Ryan Taylor who claims to swell to buy cheap tokens with his DCG salary while a unquestionably loyal community loses, in that exercise of loyalty, their savings to 90%.

    The human potential of a community like that of Dash must evolve a lot from the hermeticism and easy demagogy with which too often it has been treated ... towards integral respect and the optimization of its power to create wealth ... even (I repeat , I repeat, I repeat) BEFORE the future massive adoption.
     
    #15 EUsouth, Feb 13, 2019 at 2:15 PM
    Last edited: Feb 13, 2019 at 2:43 PM
  16. WSV

    WSV New Member

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    Why are you so pessimistic about stablecoins. Many believe that they will help to promote the crypto market
     
  17. EUsouth

    EUsouth New Member

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    Thank you all for your comments ... I was about to make an appointment with the psychiatrist ... I was only answering myself. ;)

    @GrandMasterDash I often mention DCG because they are a point of reference consensus in DASH currently ... and the topics mentioned in the thread obviously require consensus ... but I care very little that the department that could face solutions of this type is DCG or another, while combining that necessary consensus. In fact, now we have Dash Ventures that is advertised as a department that is relatively external to "central" DASH and that profile sounds much more interesting.

    The key to a stable coin are the legal requirements of support (and, of course, depending on the jurisdiction in which they are created)

    Beyond that, on a standard backup, in a fiat account (it is a simple option, but as a reference to the average user, it responds perfectly, since the vast majority of people are guided by that standard). Either way, it is optional and surely not the best answer, probly.

    The key to a Stablecoin does not affect negatively, but positively to a currency, is that it is backed, in whole or in part, with that currency (Dash, in this case) ... and that support, as they are demanded Stablecoins to trade without volatility, create shortages in the "central currency". Despite the widespread ignorance of many users at this point, it is a perfectly acceptable measure ... more when, for example, Dash Ventures raises as an option (if I have not misunderstood) the burning of tokens and in that, nobody put your hands on your head. (In fact, the burning of tokens as backup to a STable coin of Dash would be another point to evaluate - imho, more accurately would see a "blockage" that created the same shortage ... but that could, during its duration, create Mnodes of Dash that produced interest).
     
    #17 EUsouth, Feb 14, 2019 at 7:47 AM
    Last edited: Feb 14, 2019 at 7:58 AM
  18. GrandMasterDash

    GrandMasterDash Well-known Member
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    Am stating the obvious here but they're good until they're not. They can be 99.999% reliable yet the 0.001% of failure is a complete irreversible failure / loss of faith.The whole concept is to build a gamified system where predictability sits on one side and unpredictability sits on the other. For anyone that has read Confessions of an Economic Hitman, would know, the deep state works to destabilize and topple whole country economies, including cryptocurrencies. The move to centralize bitcoin via Lightening Network, or the current "bear market" is the result of such intervention.

    The perception of "stable" is achieved through market depth, nothing more, and certainly not via some exotic algorithm.
     
  19. EUsouth

    EUsouth New Member

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    All and I repeat, ALL the initiatives that find voiding the volatility OUT of the Dash system (accounts, banking, Stable coins, Cards) ... are STABLE references, are made with a Stable coin ... or not. And that dump to a stable reference drains the richness of the ecosystem of Dash turning it into a simple transmission belt (it denies all capacity to HOLD the wealth it creates).

    The key is to create a reference that retains that created wealth, anchor it to a pattern whose volatility by the user is ASSUMIBLE ... but do it from within the ecosystem (in this case, of Dash) in a PRIVATE LOOP that consolidates and balances it all ... AND NO, DRAINING IT ... since, as I said before, that "diverts" the wealth created to another system (the fiat, normally). Any step to another system must be produced once the wealth has been "stabilized" with an element of its own ... so the step to fiat or another type of stable element from others is a step of "equal to equal".

    All the resources generated (and enclosed) by closing that LOOP, remain inside and can, therefore, continue to be used for the benefit of the ecosystem (proposals, savings, etc).

    A reference without volatility as a step to any other external system, shields the ecosystem. Insert an alien to it, empty it as appropriate to that "external parasite".

    About factors of another type that have nothing to do with this, I do not need or propitiate (in addition, they will face better, if they are true, retaining the generated resources ... and not "opening the windows" wide open)
     
    #19 EUsouth, Feb 14, 2019 at 12:45 PM
    Last edited: Feb 14, 2019 at 1:01 PM
  20. EUsouth

    EUsouth New Member

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    A STABLE REFERENCE (coin, or not) of Dash should be managed internally ... or its operation would have 2 very clear consequences:

    1- Draining wealth, when buying fiat with Dash (expensive) and lower its price (cheap Dash)

    2 - Distort much of the added value of Dash (speed, possibly privacy, minimum transaction costs ...). IF a susan uses Dash to exchange goods and services, remittances, etc ... and has to pass 2 processes, nasdie guarantees that the external one to Dash maintains the same level of anonymity, even if it cancels it completely with KYC, etc. .also, add another crypto step in case of a stable coin (or banking, in case of step to account) adding commissions and other possible costs (which, in addition, can be an exponential leap to the limited costs of Dash) ... and, logically, it would add time to the process (even hours / days in bavncarial transfers, etc). The great burden of this process is that once out of the Dash ecosystem, the benefits that Dash makes available to the public go to a second term ... depending on the interests of that intermediate and parasitic step that only Dash would use as a vehicle transmission.

    The key, that this stable reference is WITHIN the Dash ecosystem, forming part of a PRIVATE LOOP / virtuous Circle, that maintains the DASH properties intact or at least, very slightly altered (speed, anonymity, demand, generation and retention of wealth, etc ).

    For this, that STable should, ideally, work from the Dash wallet and of course, be executed in the same blockchain (it is not essential).

    In addition, that "stable resource" should push the token's price up, since the demand affects both (in an external stable coin, that non-volatile reference cuts the Dash process, excluding it from it ... or from significant portions of he, where, in addition, the loyalty of the users is largely decided ... also creating a serious crypto competitor and a position of the "distributor" in turn in which he will dominate a capital part of the payment process / exchanges of goods and services ... that could be recreated with another "original" crypto in the future, since the closest treatment to the user will be theirs and their loyalty, possibly also).

    The idea of the blockade of Dash as revulsive, is simple, stimulating and TRANSITORY.

    For the understanding that gives the average user, we will use in this example the fiat as a stable reference (it is not necessary, there are options, unique and / or shared - basket of values - and possibly better):

    - An issuing department changes "original" DASH tokens for its equivalent in fiat in Dash Stable coins. Here a fiat "liquidity provider" would enter. This liquidity provider would enter the equivalent amount in a currency of seizure ($, for example) to a transparent account that at all times should match the supply of "USDash". This transparent account could be referenced to other types of securities (Gold, other currencies, etc.) and also, that fiat could be traded to future SOLIDS with entities of absolute solvency ... but we are not going away from the most basic now .. So we left a transparent account with the fiat equivalent to the supply of Stable coins issued.

    - On the other hand, the DASH delivered by the claimant of Dash Stable coins, remain in deposit, generating Mnodes. These Mnodes generate as a 7-8% annual return ... interest that can be shared between the issuing department and the liquidity providers. Obviously, 3.5 - 4% per annum is not a great incentive ... but it is a stimulus to DASH power-holders, who, at the same time ensuring these revenues, favor the process of blocking some tokens that they have ... with what they gain by two ways (and we do not stop observing the possibilities ALWAYS BASED ON SECURITY AND SOLVENCY) that gives the third way (the fiat deposited in transparent account of backup to the supply of Dash Stable coins).

    Beyond this basic structure, hypothetically, it can be contemplated the repurchase - and therefore withdrawal from the market - of Dash Stable Coins when the price of the central token allows it in ADVANTAGE CONDITIONS (If the central token SUBS, will buy more Dash Stable coins that were issued in their day for the same amount of "original" Dash).

    Summarizing :

    1- It is a temerity to expect that the habits of the commercial users of Dash change, assuming volatility ... for the benefit of the holders of Dash Tokens, it is a wishfull book thing. A stable reference optimizes the payment process and loyalizes customers ... and must be addressed immediately and internally.

    3- The "overturning" of Dash to a Stable reference (coin or not) can not be delegated to "the first Dash collaborator to pass through there", because it will optimize, or at least, prefer, as is logical and normal, the "breakdown of the ecosystem" according to their interests, not those of Dash. This, although it comes from the best intention and by the most active members of the community, is an economic aberration and an unaffordable toll by DASH, because it distorts the whole process of creating quality money, wealth ... and retention in the ecosystem of that wealth.

    3- Managing it internally, the providers of backup liquidity can, very easily, have incentives to guarantee a Stable coin to the reference that the public considers appropriate (in our example, fiat). The "issuing department" of Dash, also (via Mnode rewards, repurchase of Stable coins and rebalancing of guarantees, acquisition of consensus assets with good return, fixed income returns of the fiat on deposit only in points of absolute solvency, etc).

    --------- By the way ... beyond the fees that would gerearía to the community, an exchange GLOBAL OWN Dash could generate a demand for both "original" DASH and DASH Stable COin, monstrous. I request a reflection of this aspect to add to the one that could generate the previous exhibition ... and favoring, in addition, enormous autonomy to the DASH ecosystem and ability to "live" behind the backs of tyranny Bitcoiners or "Economic hitmans" of all kinds .. ... that the shielding of the ecosystem, underpinned by its own internal resources ... would condemn "to live outside".

    Greetings to everybody...and "ready to fight" !!! you are welcome ;)
     
    #20 EUsouth, Feb 14, 2019 at 2:48 PM
    Last edited: Feb 14, 2019 at 5:11 PM
  21. EUsouth

    EUsouth New Member

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    Any member of the numerous teams of Dash at street level in search of merchants, etc., suffers in his flesh the limitations of a volatile means of payment (which naively aspires to be a global tool). You can get traders and buyers ... migrants who send remittances to their relatives, ok ... but you have to assume the burden of proposing a business in which your money will vary in minutes (in hours or days, better not to think ... it's ridiculous ). Any transfer, therefore, triggers a vertiginous mechanism of repurchase of tokens, search of exchanges, programs - of cards or trades, for example - that cover that volatility with discounts supported on their backs ... and this occurs because DASH, the Principal concerned, DOES NOT ATTACK THE PROBLEM OF THE FUND.

    Technology is there, it has its undoubted benefits ... but it is DASH who refuses to take advantage of it in all its dimensions. Much of the community, installed in a greedy LOOP of speculation and / or recovery of losses after the pricking of a bubble, associates, ignorantly, a Stable Coin ASSOCIATED to the "original" token (subject to quotation) ... to immobility in that quote ... when they are absolutely differentiated issues. A stable reference is just a project tool, such as anonymity, security or speed ... which, of course, must be properly designed in the interest of the ecosystem. Immobilism in this aspect is not only not advisable ... but it is a non-assumable abandonment of functions. A currency can not require its users to assume daily volatilities of two digits a day ... and solving it with "patches" is an integral negligence that harms the project's "facilitators", users, merchants and many other parties involved.

    Precisely who has the power of decision and sucks thousands of dollars a month while the other proponents of the project bleed ... is who is allowed to be absolutely inhibited in this matter. But well ... if a DASH is worth 25% less next month ... more coins that can be purchased with the part of their salary that they dedicate to it! Even Ryan Taylor himself says it publicly (what is of an ignorance and / or an absolutely alarming lack of shame).

    Beyond the exhibition, repetition and verification that the project, at its highest levels, lacks incentives for its main actors to defend "the community" with facts in the rigth way and not with words (when really and even worse, it even installs them in a conflict of interest that is very economically favorable for them but pernicious for the holders they ask for - as well as for the commercial users of the currency - fidelity to the project) ... what is important are the perspectives that a stable reference can bring to DASH ( reference that is nothing but a tool for optimizing the project and a means to not only void volatility, but to RETAIN WEALTH within the ecosystem itself, without draining it to transfer that wealth generated to destinations outside the project - banks, commission agents, etc. -).

    A stable OFFICIAL reference, WITHIN the DASH ecosystem itself, would not only eliminate the volatility of the "original" token, but properly designed, could stimulate it in a greater generation of wealth. The issue is that the first thing that would generate, would be a HUGE capacity for the "expanders" of the project to FIDELIZE users. You should not even encourage the HODL, because with a stable referral, a merchant, the recipient of a remittance from abroad, etc ... you would never see your wealth altered (in fiat, for example ... that, like it or not , is a reference of undoubted social consensus around the world).

    An OWN stable coin would generate, facing the central token, A CERTAIN AND CONCRETE FLOOR OF REAL WEALTH: The supply that everyday users need to cover their payment needs. As much as it was speculated against the "original token", that supply of REAL USE, would be ARMORED and would be ABSOLUTELY UNNEGOTIABLE (and in addition, progressively increased and this dynamic would lend itself to a pro-generation and maintenance of wealth infinitely healthier than the current one.... and based on a "good money" for the exchange of goods and services, not to a currency hidden in misinformation and subject to unaffordable volatilities for a healthy and respectful economic proposal with its users). The key, and I repeat for the umpteenth time, is that this issue of Stable coins for real use GENERATE A POSITIVE IMPULSE TO THE ORIGINAL TOKEN, subject to volatility, ... AND THAT IS PERFECTLY POSSIBLE ... and in this thread is perfectly exposed some option to start (the final definition must be subject to a large consensus)is incentivized to SELL and get rid of a terrible deposit of value.

    The debate cripto, following a presumed drift of BTC towards its quality as an optimal "reserve of value" (in reality, that is a ridiculous mantra of BTC maximalists that tries to hide its terrible quality as a reference for the exchange of goods and services) has generated a fallacy: That the qualities of "good money" are independent of each other ... and money, a money optimized by technology, which seeks a ranking of 2000 proposals adrift ... WILL BE THE ONE THAT OPTIMIZES BOTH FACTORS.

    If the "decisive parts" of DASH, its main actors ... played the mustache as the community plays ... they would have addressed that problem a long time ago. Fortunately for them, a long-distance race and a dynamic of "trial-error", when not of confort and/or neglect ... it runs in favor of their interests, as solvent reciters of fiat at the expense of Dash. And so it is very, Very, very difficult to find stimuli to that search. The recipients of generous yields of Dash can be, each day, protagonists of an assault on the supply that generates an imbalance of increasingly monstrous wealth and a range of "beneficiaries" that are increasingly more so with respect to the numerous army of victims ( a Does anyone hear that tale of "accumulation of wealth in fewer and fewer hands" talking about the fiat? ). .the matter is that, willingly or not ... you can not put the fox taking care of the chicken coop. And if someone is installed in that range of beneficiaries without bad intentions and for purely circumstantial reasons ... it is already taking, based on the most basic solidarity and ethics, to address that problem and remedy that nonsense. TODAY.

    DASH has the means to alleviate this shameful and unabated imbalance. What is expected ? Where is the commitment to a COMMON project ??? Personally and honestly, I do not believe that the layer of beneficiaries that has been created prefer a devastated community to a beneficiary that shares empathy and travel, but, on the contrary, I am reasonably convinced that people should be (or should be) as a particularly active, involved people with the success of all the layers of the project ... so I hope that those who must do it will be aware of a totally unbearable negative situation (for the entire sector, but repairable to a great extent in the particular case of DASH)...and we do not need more harm of the strictly obligatory.

    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES

    GO DASH !!! ( ...Or not ? )
     
    #21 EUsouth, Feb 16, 2019 at 1:02 PM
    Last edited: Feb 16, 2019 at 1:08 PM
  22. EUsouth

    EUsouth New Member

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    The incorporation of merchants today is difficult (to be asked by the teams of search on the street), but after that, the challenge is FIDELIZATION.

    With the great promotion infrastructure that Dash has created, a stable reference would be no longer to incorporate new merchants ... but, automatically, LOYAL THEM ... since the HODL would not represent any risk and these new merchants / users, should not take care of maintaining HIS WEALTH if DASH was his "favorite money". We would be talking about an infinitely more ACCUMULATIVE AND SUSTAINABLE process ... without threatening factors such as "Russian roulette" (which, by the way, is not a small contribution to the SCAM / PONZI image of the crypts among the population outside this world - in which are, I suppose, a large part of the merchants visited -) ... and the hard work of the promotion teams would NOT be lost, it would remain ... and would provide great solidity to the expansive process of Dash.

    George, from DASH COLOMBIA (a person with a very realistic and practical vision of Dash, because of his wide perspective on both sides of the market) explained in a recent interview that he "invited" merchants to save, even if it was "a little" of the Dash they get in their trade ... what, imho, is the same as saying - diplomatically - that they did not invite to keep everything ... because it is an unacceptable risk for people whose benefits are very narrow margins and need Dash as a value-added tool to their activity ... not as a money "bet" based on the "all or nothing" of the users "speculators". Those are risk ratios that normal traders simply can not afford ... which is absolutely necessary to provide another option.

    In fact, with a stable reference in the chain, they could probably guarantee their costs in it ... and then, they could risk holding the "original currency" with its profits, since this would not affect its commercial stability.
     
    #22 EUsouth, Feb 16, 2019 at 3:10 PM
    Last edited: Feb 16, 2019 at 3:38 PM
  23. EUsouth

    EUsouth New Member

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    The key, for the issuance of STable coins, would be to guarantee 1: 1 working capital (in fiat - exemplified to which we can refer so as not to complicate the matter, but which is not essential - or other assets according to the guarantees that the law consider appropriate - and in that diversification could be a new source of resource generation -).

    That guarantee fiat to the OFFICIAL emissions SUPPORTED LIKE MINIMUM, to 100% and in the pertinent legal terms ... it would generate a constant deposit whose possibilities of generating resources as such, should be optimized (Investments in metals, bonds, fixed income, companies. ..but ALWAYS under the requirement that the total guarantee NOT BE COMMITTED) ... and could be, initially, covered by DASH Ventures or another department external to DCG ... but it could also be guaranteed through PRIVATE fiat contributions.

    Beyond the ability to generate resources with this deposit / backup fund ... the Stable coins issued would be delivered to the plaintiffs, who should contribute their "original" DASHs for that and that exchange would be made at the time of the request , like is logic. Well ... those DASH delivered, be blocked in a second tank and they would go riding MasterNodes ... that would surtiendo the bottom of the corresponding rewards. With what, between the blockage of "original" DASH that would reduce the supply and therefore, it would push the price of "free" DASH ... and also, the rewards for the generated Mnodes, would create, in principle, a second deposit equally creator of wealth ... administrable AT DISCRETION, since the guarantee (fiat) would already be covered in the first deposit (transparent fiat account, and coinciding with the supply issued in Stable coins).

    Finally, here could enter the exchange of Dash ... with pairs to the currencies of the ranking that we thought convenient (which would be a first-class claimant of DASH Stablecoins for trading - which, undoubtedly, should be THE ONLY VALID in the entire ecosystem of DASH, and of course, in the exchange ... and always with the guarantee of transparent and excellent market support, with ZERO AMBIGUITIES).

    The feedback capacity that the entire DASH community would have on its own ecosystem would be absolutely enormous. And the ability to attract, with an unrivaled Instant Send at the time of entering an exchange and get your "head money" in record time - whatever it was, in each case - simply unbeatable.

    Of the fees generated in that exchange, as the third new source of generation of resources ... better not even talk for now ... right? ;)

    Valuing the staff dedicated to such a project in the right conditions, I do not believe, sincerely, that it is a waste of time for the "thinking heads" that move in the corresponding decision / influence / agility areas.
     
  24. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

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    What chapter are we on? Can I suggest you add some graphics to your book?
     
  25. EUsouth

    EUsouth New Member

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    You can suggest what you think is right ... if it's to add, welcome.

    But graphics and other bagpipes, no idea ... I'm just a member of the community trying to give a humbly shoulder while we continue in free fall. And the base soldiers fall more than anyone.... although I do not know if that is "your book".

    I hope , in any way, that does not seem wrong to you.

    A greeting.
     
    #25 EUsouth, Feb 16, 2019 at 4:50 PM
    Last edited: Feb 16, 2019 at 5:12 PM
  26. EUsouth

    EUsouth New Member

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    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
    BEFORE THE MASS ADOPTION......GENERATE AND RETAIN RESOURCES
     
  27. EUsouth

    EUsouth New Member

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    The capacity of a real global community and that has already adopted the crypts is enormous.

    Not optimizing all that energy during the road to mass adoption is like going on vacation to the mountains and heating up to 100 ... with the windows open.

    ( And to pay another, of course ... for example, the poorest )
     
    #27 EUsouth, Feb 16, 2019 at 5:05 PM
    Last edited: Feb 16, 2019 at 5:14 PM

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