What’s stopping someone buying up all the masternodes in Dash? Well, for starters, it would cost a lot of money.
Tag: virtual currency
Best bits – “Dash isn’t a cryptocurrency – it’s a business!”
People say “Dash isn’t cryptocurrency – it’s a business!” But what do they really mean? It’s true – Dash is a decentralised autonomous organisation. People make money from Dash. But people made money from Bitcoin too. So what is the problem?
The Dash Digital Cash D.R.E.A.M. – Kurt Robinson Raps
Every couple of years we look at our bank accounts and realise that our money buys less than it did. We work so hard for our money, and yet it seems difficult to get ahead. Why? It’s not by accident. The monetary system is structured that way. Central banks continue to print money, and bankers get rich, but as the currency supply increases, the value of our dollars decrease.
What’s the solution? Many people thought that Bitcoin could free us from this mess. The promise of decentralised currency – not controlled by any central authority, but instead governed by algorithms, using cryptography – could mean the end to central banks. Yet, it seems like Bitcoin hasn’t yet lived up to that dream. We can’t spend Bitcoin at the corner store, we can’t tip in it, and if we tell our bank manager that we have some bitcoins as collateral for a loan, he’ll probably laugh. And, as transaction fees go higher and higher, it seems less and less likely that Bitcoin will ever live up to our highest expectations. It seems that Bitcoin might not be anything more than Internet nerd money.
Dash is based on Bitcoin, but has certain other features which might just make it live up to those expectations. It allows the stakeholders to form a consensus to make decisions about where the project is going, and it has a focus on user experience. If the team manage to create virtual money which is stable, accepted, and so easy that your grandma could use it – could Dash be the currency of our dreams?
Here’s a rap song which explores those concepts.
To download the track, right click here and press “Save as“.
Lyrics
Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all
I grew up where half dollars have 12 sides
Queen’s head on the front, roo & emu behind
But instead of gaining value the Aussie lost it
So I wondered what could have possibly caused it
In the minds of politicians corruption’s forming
Abusing the system of inflation we’re born in
To make an honest livin’ you work, it takes time
But central banks just print their money – that ain’t right
Now I’m living in Mexico, collecting the pesos
stash a little silver case the bank goes broke
Once upon a time a peso was “buen dinero”
1990 it got away & they dropped “tres ceros”
Your man Trump – I don’t believe in him
Puppet Peña Nieto – you can see the strings
Politicians criminals thieves & kings
See your money float away like leaves in the wind
Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all
Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all
I guess I wondered ’bout a way out the struggle
Starvin children dotcom housin’ bubble
The system’s rigged, the dollar has to topple
That’s when I heard the name Satoshi Nakamoto
Stranger emerged to the world to give it code
& change it forever through digital gold
He’s still vanished, with the code it could manage
To give us an exit from the whims of banksters
And as it rose, nouveau riche control the cheese
A new breed of millionaires promoting peace
But as the years passed we found we had a problem
This nerdy tech wasn’t ready for mass adoption
Some still suspect the government payroll
Agents provocateurs COINTELPRO paid trolls
Thought Bitcoin’d save us from one thing we wanted it
Instead fell victim to the same thing – politics
Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all
Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all
You’re never gonna get, outta debt
When every cent you’ve met is borrowed from the Fed
They’ve got you in an awkward position
But the dream’s still alive, I can see it in my vision
They arrested Von Nothaus, stealing his ingots
they got charlie shrem for laundering digits
They snapped up Ross saying he sells dope
They arrested so many, but you can’t arrest hope
The goal is to create a system so resilient
It evolves whenever it’s fisted out of commission
The dream is to cast off these banker’s shackles
That have been for centuries on our hands & ankles
The dream is this, whatever cards you dealt
Whoever you are, can find a path to wealth
They’ll get lines blurred, nothing’s what it seems
No matter what occurs, don’t give up the dream
Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – digital cash y’all
Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – digital cash y’all
Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – forget the dollar bills y’all
Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – forget the dollar bills y’all
Best Bits – “Dash is a Ponzi scheme, and a scam, and a fraud!”
Many people say that Dash is a Ponzi scheme and a scam. Are these accusations founded, or should people be more careful with the words they use?
Bitcoin vs Dash – Dash surging because of whale’s sexual fantasies
Dash’s price has surged over recent weeks, and many people examined it to try to imagine what might have caused it. Its supporters say that it was due to strong fundamentals, a focus on user experience, and good marketing. One of my commenters had a more Freudian interpretation…
Dash digital cash vs Bitcoin: Which will achieve mass adoption first? – Episode 154
The Story: Bitcoin & Dash – User experience and governance in cryptocurrency
Bitcoin is an amazing technology that captured the imaginations of many people. Various individuals were stunned at the idea that mathematical algorithms could form the basis of our money, rather than central bankers and corrupt politicians, as is normally the way today. People were seduced by the idea of sending value around the world in a matter of minutes, a currency uncontrolled and uncontrollable by authority, and sending micropayments to websites to read their articles – instead of having to tolerate clickbait content beholden to advertisers. Bitcoin has delivered on some of those promises, however, it’s 8 years on and it still seems to be far from mainstream adoption.
If we take a step back from the hype and the dream of Bitcoin – still alive in the minds of many of us – we can see that Bitcoin has a few key problems. The main problem is, it’s too hard to use. People have to use long addresses which look like computer errors, to know the right transaction fee to send their cash or risk their transaction being at the back of a queue of 80,000, they have to generate new addresses for security, make paper wallets or buy a Trezor if they really want to be secure – and if they lose their wallet, or get hacked, they might just lose their life’s savings. Does that sound like a currency which is ready for mass adoption?
Now, I don’t know any digital currency which is ready for mass adoption – but I do know one which might be close. Dash “Digital Cash” is a currency which started in 2014, and the team is actively working on the problem of user experience, devising a system where people can log-in from any computer with a username and password, send currency using something like looks like a name, have their money secured while still retaining control, and not worry about losing their retirement fund just because they misplaced their private keys. Even now, Dash has the functionality of instant payments, and of private payments.
In this short episode, Kurt presents the case of why Dash might reach mass adoption before Bitcoin. Join me in another paradigm-shattering, central-banker-unseating, digital revolution episode of … The Paradise Paradox!
The Links:
Bitcoin vs Dash – which is the currency of the future?
Why aren’t we seeing greater adoption of cryptocurrency?
Bitcoin’s bubble vs Dash’s killer app
The Cash:
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