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RE: [Warning] Why I don't trust the price of Dash, nor the community. Be careful folks. Invest wisely. Diversify.

in #cryptocurrency7 years ago (edited)

1 Dash is centrally controlled.

“Dash used to be one of my favorite parts of the internet”
This may have been true for a month or so. After that you started trolling Dash.

“They are making loads of cash while controlling the "governance system" with large amounts of Masternodes and upvoting their own backdoor deals with companies that are friends of friends and so on”
This is not true and the terpin PR vote proves as much.

“Any sort of critical thinking is not welcome in the Dash ecosystem and you will be sidelined due to it.”
Also not true, myself and others were very vocal against the ATM proposal and website issues. The website issues was resolved and the ATM issue is done with funding but underdeveloped and the network overpaid. Time will tell how it works out in the end but it has been a disappointment thus far.

2 Dash is under researched

Dash's governance system was thoroughly reviewed by IOHK as charles hoskinson was researching the best governance model for ETC. PrivateSend/Darksend then was reviewed by Kristov atlas a long time ago.
Dash Governance System - Dash Core Team Response
https://dashpay.atlassian.net/wiki/display/OC/Dash+Governance+System+-+Dash+Core+Team+Response

“governance is completely and purposely flawed as to enable control for the core team”
Not true as pointed out before. Most of the whales don't even vote anymore. When they do vote it is usually against something they think is harmful to the project.

“Dash recently teamed up with Coinfirm to track all Dash purchases in the network”
Not true, coinfirm can try and track coins on any network/BC. Dash partnered with them to help with KYC regulatory issues for some businesses that require it. This changes nothing with Dash's privacy feature. The Coinfirm partnership is a good thing for mass adoption.

3 The Dash community is disingenuous. The "governance system' is flawed. The Core team controls majority of Masternodes.

“Evan owns 400+ Masternodes, Daniel easily owns 200+, Otoh owns 400+, and so on...”
You have zero proof. Core supposedly has 10% of the masternodes and core proposals have been voted out. OTOH now has around 80 mn's. He has been fully transparent and open about his holdings for years and gained the trust of the community for doing so. Last I saw evan had around 250 mn's and Daniel around 100 but I really have no idea and neither do you.

4 Darkcoin was a far superior coin to Dash

“Within a year or 2 his vision slowly changed into creating "Paypal 2.0" (and yes thats a quote rom him and multiple core team members, not my words). And that is where I call BS”
Dash is far superior to Darkcoin, if you like Darkcoin fork it. If Dash changed so much why did you join after the change you did not like. You make no sense.

5 Complete slander

6 It's either 1 huge scheme or they really lack a higher purpose.

“Hopefully someone clones the entire damn project and does it the right way, that'd be the best altcoin IMO.”
Have at it Jake.

7 The Dash core team is power hungry. The Dash community is blind.

“As has been touched on earlier in this post, the Dash team has lost it's way.”
Then once again why did you try and join a team that lost it's way and cheerlead for said team for months or a year as you wrongfully claim?

“What the hell are they doing dropping $100,000+ dollars on ATM's you ask? Kickbacks I say, kickbacks.”
The ATM prop was one of the first proposals and was a bit of a mess. As far as kickbacks I have seen no evidence of this and you have never presented any. They should sue you for slander.

8 Dash COULD have been so much better

“People in charge of Dash think libertarians are stupid and childish (another quote)”
Where is the quote? Most people who work for Dash are libertarians so this does not make sense. You are a socialist Bernie guy so coming from you it makes even less sense, as does all your talk about decentralization while support a centralized form of big government.

“I'm still here waiting for the world to change, but in order to get there we'd have to have a fully decentralized or atleast distributed system that is fair for everyone, and provides everyone the same access to community funds in order to start creating a more economic model”
More convoluted socialist nonsense masquerading as libertarian philosophy. Bernie is not a libertarian, quite the opposite in fact, yet he does share some of the libertarian freedom philosophy.

9 Dash is basically a huge echo chamber supporting its own weight due to the Masternode system

“but the second you start questioning things and making people feel as if they are being held to a standard, people will quickly turn around and happily tell you to leave”
Not true, as pointed out before several prominent member questioned the ATM proposal for costing too much and taking to long, the website too. We were not told to leave or called trolls etc. We just did not troll the core team everyday all day and call them names like you and a few others did.

10 Dash is NOT Digital Cash, Dash is wanna be PayPal 2020

Dash is digital cash and a decentralized PayPal 2.0, Amazon, Bitpay and much more.
If you don't like Dash then go away and find another coin or design one yourself. Stop obsessing about Dash and trolling the community that refused to pay you two thousand dollars a month for marketing.

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