Sunday, March 13, 2016

DASH INFO

Dash’s Incredible 2015 (And A Gaze Into The Crystal Ball’s 2016)

by | Jan 6, 2016 | Opinion
Crosspost from Dashtalk. Original post by Ryan Taylor, aka babygiraffe.
The passing of a year is a time of unusual rituals around the world, both to celebrate the arrival of the new year, and to predict what that year might entail. The Spanish eat 12 grapes at midnight – one for each month of the coming year. Sweet ones portend a great month while sour ones predict less favorable ones. The Danish have a propensity to leap from chairs at the stroke of midnight, though I’m guessing this doesn’t do much to predict fortune in the coming year, unless someone ends up in the emergency room. The Chinese go all out, celebrating for 10-15 days, though their new year occurs somewhere between mid-January and mid-February every year.
Despite all the differences around the world of when and how a new year is celebrated, almost all cultures seem to encourage taking stock of the year just past and making resolutions – or at least predictions – for the next one. As I take stock of this past year personally, it includes some good things and some bad things. The biggest change is that I got engaged and married to my best friend, so 2015 was clearly a great one – certainly one I will always remember. Dash was a big part of my 2015, too.
At times, it may have seemed that 2015 was “The Year Of The Troll” as we fought the urge to respond to an incessant organized campaign of misinformation. When you look past the noise, however, and look at our accomplishments and the market’s response, it is clear that 2015 was nothing short of incredible.
It’s worth recalling that Dash is very young for a top-ranked crypto-currency; Bitcoin is over 5 years older. Given where the Dash project is and what has been accomplished already, it is easy to forget that this is Dash’s very first full calendar year in existence. And yet, by almost any objective measure, Dash is doing amazingly well.
Price is certainly one objective way to measure our success. While we’ve repeatedly stated that price appreciation is not an explicit goal of the project, the team believes price appreciation will result from a well-executed strategy.
Dash finished 2014 at $1.91 vs. $3.31 at the end of 2015. Investors have made an astounding 73.3% return. Masternode operators have enjoyed additional rewards throughout the year for their efforts to support the network… Masternode operators that retain their Masternode payments easily achieved over 100% returns. These results compare favorably to Bitcoin’s 36.9% return for 2015.
In terms of market cap, the numbers are even more amazing. We have grown from $9.54 million to $20.18 million, or 111.5% due in part to the growth in the number of coins. Our market cap growth also compares favorably to Bitcoin’s 50.7% increase.
In terms of market cap ranking, we finished 2014 ranked as the #12 crypto-currency, below Dogecoin, Peercoin, Bitshares, Stellar, Nxt, MaidSafeCoin, Counterparty, and yes, even below Paycoin. Today, we have solidly secured the #5 position in the rankings, overtaking all of the previously mentioned coins.
So it appears that the market is beginning to value our achievements and market potential. When you take stock of the accomplishments the Dash community has delivered, it is understandable why. We have the most active and engaged community in crypto. Our community is filled to the brim with contributors helping in a myriad of ways as their time and talents permit, something you just don’t see to the same extent with other coins. There is a strong feeling of comradery, respect, ownership, and appreciation in this community that attracts professional, hard-working, passionate advocates to our project. In addition, there seems to be a real spirit that we are doing something special and transformative that has the potential to literally change the world and people’s lives for the better.
So just what has the community achieved this year? Like I said earlier, it’s truly amazing. There are so many incredible accomplishments, that I am forced to abandon prose in favor of a long bulleted list (that kot compiled… thank you kot!). Even at that, I am certain that many things have been missed, large and small. However, it is worth highlighting some of our key accomplishments.
We had our first Dash-themed music video, which I have to admit, was not hard on the eyes. But, as much as you might have enjoyed that video, we are not all about marketing hype around here. We actually deliver innovation and are building out an amazing ecosystem surrounding ground-breaking technology, so I suppose I should highlight those things as well.
First, we extended the use of our second network tier to perform more than simply mixing services. In February, we added InstantX, which allows instant confirmation of transactions, the first solution of its kind in the crypto space. In the same release, we migrated all of our code base to branch from Bitcoin instead of Litecoin. This allowed us to incorporate many recent improvements incorporated into Bitcoin. In March, we changed our brand from Darkcoin to Dash, which helped better position us for the mass market and align or brand with the broader capabilities we bring to the market besides anonymity. In May, we released the first ever voting by blockchain solution, which enabled yes / no voting on questions posed to the community. I believe the first vote was on whether that famous dress was black and blue, or white and gold. Clearly, the dress was white and gold. In August, we released the broadest set of changes ever deployed in a single release, consisting of some 21,000 new lines of code. It included decentralized governance and a budgeting system, yet another set of firsts in crypto… and that, it seems, has changed everything.
The core team and community are now as empowered as ever. No longer is Dash beholden to the whims (and undue influence) of benefactors to try an idea. Anyone can submit a proposal, receive funding, and implement an idea if they can convince the community of its value. Plus, Masternode owners can more freely support good ideas, because they know that everyone else will be sharing in the burden of funding an initiative right along with them, rather than riding their coattails.
As a result, starting in September, Dash has funded many amazing initiatives and truly accelerated its growth. We have purchased a new domain name, funded attendance at Bitcoin meetups and conferences, funded sponsorships, enabled a small salary for our developers and other contributors, engaged a public relations firm, and initiated integration with Lamassu ATMs to name but a few.
Looking at this longer list of achievements, I am truly in awe and thankful to the community.

Achievements

1. Technical / Development

2. Marketing

  • Re-branded Darkcoin to Dash
  • New website coinciding with rebranding. More content, new design and multilingual (Chinese, Russian and Spanish)
  • dash.org domain purchase
  • Launched new website design project
  • Creation of “What is Dash?” video and translated it to 20 languages:
https://www.youtube.com/watch?v=0GACaNvBlwc
  • Presentation at Barcelona Bitcoin Meetup:
    • Presentation at Bitcoin Wednesday in Amsterdam:
      • Dash keynote in October and next two sessions in November and December
      • Dash as a sponsor of Bitcoin Wednesday
      • New contacts and relationships taken from the event
    • Presentation at FinTech Amsterdam:
  • LaBITconf 2015 in Mexico:
    • Evan’s keynote during the conference
    • New contacts and business relationships with key crypto industry representatives
  • Tennis open advertisement
  • Multiple community videos and marketing campaigns
  • First Dash music video: https://www.youtube.com/watch?v=8EZ8U5F8V1U

3. Business Development

  • Establishment of new relationships
    • Bitcoin Wednesday
    • LaBITConf relationship and participation in the conference
    • Koinbanx relationship established during conference in Mexico
    • North American Bitcoin Conference in Miami
    • Transform PR – they will support our PR and marketing efforts
  • Merchants and services

4. PR/Social media

  • Extended Social Media Pages:
    • 13 Pages (daily updates)
    • 4-5 Chat Groups (incl, Slack, Telegram, IRC,….)
  • China (as they can not access dash.org)
    • Banner Ads on 8btc
    • 8btc Community/ Wallet download page / Dash Section/ translations (100% News)
    • Extended Social Media (QQ Group’s)
    • www.dashpay.cn ready but not launched yet
  • Spain
    • Banner Ads
    • Translation / Publishing News / Giveaway
    • Extended Social Media (FB page)
  • Portugal
    • Banner Ads
    • Translation / Publishing News / Giveaway
    • Extended Social Media (FB page + Telegram Chat Group)
  • Russia
    • http://dash.org.ru
    • Translation / Publishing News / a lot of community PR
    • Extended Social Media (FB page)
  • Wiki + YouTube (Guides)
    • YouTube 502 subscribers, 56,132 views, 120 Videos (incl different languages + Subtitles)
    • Dash Wiki (99% up to date, incl Guides, Videos, Explanations, Help, Q n A,….)

5. Organizational

Kudos go out to the entire community. This list is truly awe-inspiring when you consider the amount of work that went into each of those accomplishments. The list of community members that deserve accolades this year would extend to pages, and I would truly struggle where to draw the line. You know who you are. I would be remiss if I didn’t specifically recognize the vision and commitment of the founder of our project, Evan Almighty. We are lucky to have a leader with as much vision and commitment as he brings to this project.
2015 was not without its challenges, however. The price sank to as low as $1.16 in January, which may have rattled a few believers. For those that have stuck with this project, it has been rewarding both monetarily and otherwise. Another challenge was the trolls, which weren’t all bad. They frequently bumped our BCT thread and provided endless entertainment for those of us that didn’t put them on ignore. We’ve also needed to focus on improving our deployment process for major releases, which has markedly improved already. Bitfinex dropping Dash was a disappointment. At the time, volumes were pretty low, so I can’t blame them for a tough business decision. Time will tell if it was a wise one.
As we turn our attention to 2016, we have many challenges ahead; many we can’t even predict. However, it is fair to say that we are as competitively positioned as any point in our history to continue dealing with our challenges, delivering on our strategy, and capturing market share.
To me, it is plainly obvious why. I don’t think any sane and knowledgeable person would argue that what Bitcoin needs right now – more than anything else – is more security. They already possess the equivalent computing power of over 100 Googles to secure their network. Meanwhile, I continue seeing headlines like “Bitcoin Foundation’s Days May Be Numbered”. Yet Bitcoin – and virtually every other coin out there – continues to explicitly allocate 100% of the network rewards toward that solitary purpose in the form of mining. Dash offers a differentiated solution to the crypto market, one that allocates the network’s resources more efficiently than any other coin, and has the governance in place to change that allocation as needed to address other needs, such as development, marketing, business development, legal, or any number of other priorities. We are currently 0.32% the market cap of Bitcoin, but I don’t see how we could stay there. Considering the sustainable competitive advantages we possess, and the differentiated solutions we offer end-users, I believe Dash will capture sizable markets serving use cases that our network is particularly well-suited to address.
I will stop short of making any specific predictions for 2016. Although the title above promises a crystal ball, alas I do not have one. To be fair, I have already made more of a prediction than Fernando did in Dash’s first birthday post from last January. It read, “…there is no telling what [Dash] will achieve by its 2nd Birthday”. Besides, predictions have a funny way of later making you look quite stupid.
Instead, I will end with my new year’s resolution, one that I do not intend to break. I am increasing my commitment to the Dash project. I will apply substantial time, skills, and resources towards its success in the coming year. I am starting my 2016 commitment with a self-funded trip to Miami, additional responsibilities on the core team, and purchasing another masternode. In a sense, I am also ending with a call to action… I hope to inspire many of you to also find at least one more way you can contribute. Find some additional time in your busy schedule, vote on the proposals, introduce Dash to people you meet, or start your first masternode. If we all made contributions large and small, what will we be saying at the end of 2016? What will the world be saying about us at the end of 2016? Time will tell.
Now go eat 12 grapes. I hope each one is the sweetest you’ve ever tasted. Happy New Year everyone!

Earn Passive Income by Running a Dash Masternode on Raspberry Pi

by | Jul 10, 2015 | Opinion
raspberrypi_dash
Why would you want to earn passive income as a Dash Masternode?
First, one can get up and running with just a Raspberry Pi (also in a dedicated server or in a VPS), which is small and inexpensive. Second, the return-on-investment (ROI) is currently estimated at 17 % per year.
The Dash blockchain has set itself apart as the world’s only currency to incentive its nodes with regular payment. Masternodes earn 47.5 % of the Dash block reward, which puts their earnings on par with Dash’s miners.
With some initial collateral and around US$50 to invest in hardware, you too can join the savvy group of earners running a Dash Masternode on a Raspberry Pi.

Pi Time

We interviewed two current Masternodes operators about their costs, setups, and recommendations. Dash Talk members Mangled Blue and Fuzzyduck both use the Raspberry Pi 2, which costs about US$40. They’ve added to it an $US8 microSD card (8GB).
Mangled Blue says that he also used an HDMI cable, HDMI monitor, a USB keyboard, and a USB mouse. He indicates that it’s possible to use a cell phone charger for power, or a microUSB-b to USB cable. Lastly, he connects his Pi with an Ethernet cable to his Internet modem, as he doesn’t recommend using Wi-Fi, though he concedes that it could work. He adds:
“I might not know every little detail about DASH or other cryptos, but having a Masternode    keeps me involved. It also forces me to learn something new – I knew nothing about Linux this time last year.”
Fuzzyduck says that the Raspberry Pi 1 only had 512MB of RAM, which may not have been enough to run a Masternode. But the Raspberry Pi 2 – boasting a full gigabyte of RAM – does the trick. He says:
“My Pi2 is running super-stable at the moment, and I hope it remains this way for the coming versions. I would like to see more people just try it.”

Collateral

A collateral of 1,000 Dash is required to run a Masternode. This amount remains in the user’s possession (no private keys are transferred to anyone else). The user can rescind their Masternode status at any time by reclaiming their collateral.
The collateral scheme is designed to make a malicious takeover of the network (a “51 % attack”) cost-prohibitive for an attacker. It also has a side benefit of stabilizing Dash’s price, making it more attractive as a currency.
Interested in running a Masternode, but don’t have the full collateral amount? Not a problem. “Even if you don’t have the 1,000 Dash required, we can find you people to pair up with –  that’s how I got started,” says Mangled Blue. “You’ll find a lot of good info and people in the forums to get you up and running.”

Earnings

“After running the Masternode stable for months now, I can totally say it already paid for itself for sure!” says Fuzzyduck. “Current price is US$3 per Dash. My Pi2 cost about US$35. I earn three Dash every four days. Do the math.”
And the payout isn’t the only perk for Fuzzyduck. He continues, “Since we are all technerds, we love to tinker with hardware and software – just for the fun of it! If I can do it, you can too.”

Proper Security & Risk Management

Dash Talk user Flare chimed in on security. He says:
“Running a publicly accessible host always requires security measures – the same security rules   which apply for a VPS also apply for a home-run Pi (e.g. enable firewall and disable remote root login).”
And in the event that your home network is breached, your 1,000 Dash collateral is still safe, as neither a Pi nor a VPS ever stores your private keys.

Fringe Benefits

A Dash Masternode does more than just provide paid services to the network (namely the hugely important Darksend and InstantX). Each new node also adds to Dash’s decentralization – a key component for any peer-to-peer operation that aims to achieve resilience and staying power.
Just how decentralizing are Dash’s Masternode incentives already? Crunch these numbers: Bitcoin’s market cap is nearly US$4 billion, and it runs on 6,000 nodes. In contrast, Dash’s market cap is only US$17 million – a mere half a percent of Bitcoin’s market – but it runs nearly 50% of the nodes at 2,650 and counting.
Head on over to Dash Talk’s forums to post your questions about becoming a Masternode. Then check out Fuzzyduck’s detailed guide “How to Run a Dash Masternode on Raspberry Pi” to get started.

Dash’s solution to Bitcoin’s public ledger

by | Jan 22, 2015 | Opinion
The author of this article is Paul Bleak (AKA ‘pbleak’).
Recent news have provided possible evidence for something every self-respecting post-Snowden internet-user has long-suspected. No, not that the government has taken a keen interest in Bitcoin. We already know they have. Rather than corporations that facilitate the use of Bitcoin are beginning to mirror their FIAT cousins in monitoring consumer behaviour. Users on popular discussion site Reddit have been complaining about bans from Coinbase relating to the use of gambling sites, but perhaps the more shocking reason is the use of localbitcoins as a reason to have an account blocked. What links these events is, quite simply, the fact that Coinbase must be monitoring these accounts in order to ascertain what their users are up to. This is, it must be noted, broadly explained away as ensuring the site remains compliant with regulations (since it is located in the United States). However, what this begins to look like, at least to those of us in the cryptocurrency community, is regulation.
Now we have long been aware that banking institutions keep detailed profiles of our both our financial situations and that corporations develop extensive (and shareable) profiles about our consumer spending and patterns of behaviour. Often we are not in a position, unless we refuse to have a bank account, to avoid this, as with banks. With corporations, we are more likely to hand over our details, through loyalty cards and schemes, or blindly accepting terms and conditions.
Now the structure of Bitcoin has an implicit manner to track users in the same manner, since the blockchain is both public and very closely linked to an identity when a user is using Coinbase as the latter requires verification. This means Coinbase begins to represent something close to a Bitcoin bank account or, at least, a database of sorts. It should not come as a surprise, then, that the company engages in tactics used by those that use FIAT currency. This is the nature of our Big Data culture, centralised to its core as applied to Bitcoin. It is for this reason that users seeking to disconnect from the centralised net ought to look at alternative cryptocurrencies such as Dash, which allows for a truly anonymous and decentralised experience through the use of its DarkSend technology. Used in conjunction with other anonymising tools, it fulfils the promise of a currency that is properly untrackable thereby regaining the user the freedom that Bitcoin had once seemed to deliver.
Furthermore, the Coinbase story is surely only the beginning. Recent years have demonstrated that once we enter a state of centralisation online, government and corporations revert to type, i.e. to constructing patterns and profiles of online users. It is imperative that those of us who embrace privacy practise what we preach by deploying those technologies and decentralised tools that carry our core values intrinsically. Of these Dash remains one of the few remaining options in an increasingly centralised cryptocurrency world. As they say in their community, it might be time for Coinbase users to ‘get into the Dark.’
anontowers
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