Thank you for the correction.

What exactly is staking and what kind of staking opportunities are available today? 🤔

This is the first release of the Dash FastPass Education Series, every piece is drafted in coordination with our FastPass Partners.

https://www.dash.org/2020/12/03/staking-to-make-a-profit/

Dash was once 1000$+, now it’s 80 bucks.
 

In some ways Dash seems to mimic some of Bitcoin earlier price movements. I remember Bitcoin breaking into the $1000 range, ultimately reaching $1,140 before falling back to $150.
Dash reached  $1500, before falling back to $40 and is now accumulating stabilizing at around $90-$100. The '% decrease' was a bit higher with Dash (-97,3%), then with Bitcoin (-87%).
Price recovery (# of months years to new ATH) just seems to take longer with Dash Altcoins in general and looks to be more volatile.


Source : https://www.reddit.com/r/Bitcoin/comments/a4yrux/bitcoin_is_a_game_of_accumulation/

Bitcoin has established a new ATH of $19,918 on Bitstamp on December 1, 2020. Which means it took Bitcoin pretty close to three years to establish a slightly higher new ATH.
Of course there are exchanges and sites like coinmarketcap that use a higher ATH for Bitcoin ($20,089 on Dec 17, 2017).



Which means that for those sites, Bitcoin price still has not established a new ATH.
Source : https://coinmarketcap.com/currencies/bitcoin/historical-data/

 

How to get that bird off the wire ?  



Oh darn.

well said

You need to look at the develop branche, to get a sense of what is going on with Dash : https://github.com/dashpay/dash/commits/develop
Unfortunetely the graphs you mentioned do not include commit-activity from the develop branche and is therefore painting a completely wrong picture with Dash.
Do not rely on Github graph commit-activity & contributors with Dash, it is a known shortcoming of Github Insights.

Any Dash Github commit is put in the develop branche with Dash, not in the master branche.
The Dash commits only get merged into the master branche, during official releases.

So far i know this is different then for example Bitcoin, where Bitcoin developers put their Github commits directly in the master branche.
Github Insights graphs on commit-activity & contributors are working correct there.

Dash Platform, a very large and fundamental update that took 5 years of development will be on Dash Testnet soon (end of this month), which i assume will mean a whole lot of new contributor activity
and a lot of code commits suddenly appearing in the Dash Github develop branche. Should be interesting to observe.

Dash Platform is scheduled to be released on Dash Mainnet in Q1, 2021
This should then get visible on the Github Insights graphs as well, as it gets merged into the Dash master branche.

Dash needs to focus on store of value. I mean ALL focus on store of value, forget payments. That means storing value in the chain. Finding every way possible to do this. this way every holder of Dash should feel they have something valuable to save, to keep as investment.. From someone who holds 1 dash to someone who holds multiple masternodes. This way  investors may start to eyeball dash as a good place to be. Dash is not digital cash. Not the way I see it. Dash should be much more than that, Dash is digital money. ( The name Dash sounds better than Doney though) . I invested in Dash when it was still Darkcoin thinking it was as good as bitcoin, better than gold if you will, ie a scarce and valuable monetary commodity. Hard money. I ran my first masternode marvelling that I could earn a share of such a hard asset like bitcoin.

However masternode owners are grabbing the wealth, even voting themselves more of the wealth. Seemingly too dim witted to notice they harm the very value of the thing they desire. And that is being kind, there could be less savoury factors at play. Dash has a very hard time losing the scam tagline which came right at the very beginning of the project.  The value added by masternode layer does not justify the huge cost in the form of masternode payments. It is a huge cost. More than half the entire supply. The higher the dash price gets the more of a burden this becomes to the network pulling the price back down. If Dash wants to be a stable coin anchored to the cheap cost of hosting a server then Dash needs to keep doing what it is doing. Dash should be called  Hosting Tether Coin.

Perversely the masternode community seem to accuse the miners of doing what they themselves do. Which is being too expensive to justify the cost. 'Hashrate is too expensive'. This is the most corrosive thing that came out of Ryan's idea to #ImproveEconomicsOfDash. We can never have too much hashrate for the same reason we can't have too much scarcity. We want a valuable Dash. Don't we?

You can't look at the last dash bubble without also considering at the time dash was seen as the primary safe haven of a hostile bitcoin fork event. That particular circumstance won't repeat.

In reality hashrate is what brings the value. Too expensive hashrate misses the point entirely hashrate is not primarily about securing the chain. Chainlocks will never replace hashrate as a way of synthesising digital scarcity . Monetary proof of stake coins will never be a success. Truthfully the service and governance layer is too expensive. Far too expensive. I suspect this will prove to be the downfall of all masternode coins, that they judge their own reward as most justified and most important. And with the power of vote they vote for it. In theory the governance can lead to good decisions that better the network. In the case of Dash and mostly thanks to Evan Duffield there have been many promising innovation in Dash. But all these innovations come at what cost. Half the entire supply pissed away. But human failings come into play and so the great dramas of life always repeat past mistakes in new ingenious ways.

I am very disappointed in the miners. I thought they might fight this idea of gifting larger reward to masternodes. Nothing came from them, only meek surrender to the masternodes. The power of veto was in their hands they could have blocked the masternode dash grab by not updating to the new protocol. It is hard not to conclude that hybrid mining masternode operating suits the large miners  as a way of pushing out small miners who can't afford masternodes. There is a smell of power grabbing in the air.  If not that then the reasons are unfathomable and mystifying. Dash mining is largely already not profitable.

How to maximise store of value? Masternodes should make only a modest profit over the cost of hosting the node. (This is only the cost of running a server and doing routine updates, making sure it has enough ram and storage. spending time reviewing  proposals can be included too but as far as proposals go that is more debatable. Thats it. that is the cost of running a masternode) 20 or 30 bucks a month plus some time reviewing proposals. The collateral remains your own capital it is not a cost of running a node.

Dash needs to go into emergency reversal mode. First overturn Ryan's dreadful proposal to gift more fresh minted dash to masternodes and instead pump all excess supply back into the mining network. Dash is a proof of work coin. This means hard money. ie scare. Limited in quantity, hard to get. Valuable. This was the premise behind my original investment. Gifting it to masternodes as a mining of zero difficulty only dilutes the value. Dash needs something built into the protocol to adjust masternode rewards to remain only modestly more than the cost of running the node automatically. Dash needs all the rest of the supply to go into hashrate. To avoid a huge shock this could be phased in.

Dash needs to somehow prevent masternode owners being able to adjust reward allocations or other parameters like the overall total ever to be created or the emission rate, it should be determined by the protocol. It is unthinkable that bitcoin will ever get its 21million limit changed. Dash should have similar lines in the sand that masternodes cannot vote to change. Masternode desicsions should be more like an approval committee for grants to promising startups. Without this dash has no hope of competing ever with a real store of value coin.

Dash has an ace up its sleeve. The dash investment foundation. DIF. Dash is not playing its ace. The DIF is doing what precisely? Is it amassing great quantities of gold? Dash can do this. There are not hurdles to that happening. I don't think anything else in the crypto world has this power. The power that central banks have. Is it doing it? If not why not? What are they in DIF up to? Is it feasible Dash can own bitcoin too? If Dash amasses a massive portfolio of valuable assets, owned by the Dash network. This becomes a rising baseline below which Dash will not fall. Who will sell or short Dash when its marketcap value is below the value the DIF holds ?

Dash can do this. (theoretically) but it won't. I have not faith in the governance to get any of this done.