I found this interesting today, doing some research.
It is good when Crypto gets this kind of large scale, main stream media spotlight but in cases where facts are off, or the angle of the story/writers slants one way or the other, can cause issues of course.
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The SUN opted to lead with that headline and this opening phrase, which of course is not untrue. But it definitely is a leading one.
Anyone thinking of investing in Bitcoin or another cryptocurrency should be very careful - their values are volatile, with the ability to plummet as quickly as they shoot up.
Some other things they went on to say here were:
Dash is similar to Litecoin in that it was created to improve on the weakness of the bitcoin network.
It was first called XCoin, before becoming darkcoin.
It then merged into Dash - representing "digital cash".
The developers of this currency created the world's first self-funding and self-governed blockchain protocol.
This refers to a peer-to-peer cryptocurency that uses a two-tier network, rather than a single-tier.
This network is achieved through an incentive based system where 10 per cent of each block portion is allocated back to Dash developers who get payments for contributions.
-- which is not quite correct in the last sentence there. It is not the 10% that goes to the dev's per se --- that is a marketing fund used for funding network and development..... and the people who make PROPOSALS for ideas/projects that contribute to the DASH network and community.
DASH is pretty easy to find info on. I know the Sun is not the greatest paper in the world but it looks like they have a 12 year old doing the article.
Here is DASH approved actual (simple) wording right from their Governance pages inside the main website. I know I have blogged a lot on DASH but I have also spent time learning and putting in the hours too!
I do not have a ton of DASH but that is how I was able to pick out the problems in this article so quickly.
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The DGBB also provides a means for Dash to fund its own development.
While other projects have to depend on donations or premined endowments, Dash uses 10% of the block reward to fund its own development.
Every time a block is mined, 45% of the reward goes to the miner, 45% goes to a masternode, and the remaining 10% is not created until the end of the month.
During the month, anybody can make a budget proposal to the network. If that proposal is approved by at least 10%* of the masternode network, then at the end of the month a series of "superblocks" will be created. At that time, the block rewards that were not paid out (10% of each block) will be used to fund approved proposals.
The network thus funds itself by reserving 10% of the block reward for budget projects.
That direct link can be found here
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Some other things.... besides the grammar mistakes and lack of research of course......
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Features include something called "InstantSend" which is instantaneous in a transfer, and "PrivateSend" which keeps the user to be anonymous.
-- where the Anon. feature is actually not quite fully functioning for awhile now, the last I heard.
But in all cases buyers must purchase a Dash wallet, where the currency will be transferred through.
---- this really had me -- you do not need to purchase a wallet LOL, and I don't know of any crypto that you DO have to!
I think I might send this to a few of the DASH Core / community leaders I know! They are always very ready to do interviews, answer questions or offer genuine corrections with things I have always found.
You can read this SUN article right here
DASH 101:
Dash is a digital cash.
It provides a way for people to maintain their economic freedom when powers seek to force people into trackable electronic transactions. Dash is a decentralized network, supported by a Peer-To-Peer network of servers worldwide.
There is a limit to the amount of Dash that will ever be created, so no central authority will be able to print some and devalue your hard-earned money.
--- DASH, THE DIGITAL ALTERNATIVE TO CASH ---
-- Some Recent DASH News I had reported on recently:
( DASH Brazil Official Update )
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Rod talks about his proposal successes, his coverage of international Dash events, and his new proposal coming up soon. Remember, this is only one Dash Nation member of many who are pulling together to make sure Dash succeeds, and despite short-term setbacks, succeed we will.
Dash Brazil on Twitter: https://twitter.com/dashdinheiro
Playlist of interviews by Rod Ambrissi for Dash Dinheiro on his channel also.
DASH School Series of Videos:
(There is a six-video series explains blockchains and Dash like you're five. Really.):
DASH 101 Continued:
It currently features instantly confirming transactions, allowing it to be sent and recieved anywhere in the world in seconds, no matter what time of day, for next to no fees. It also features optional private transactions, for those sensitive purchases. In the future it will offer savings accounts similar to banks.
Dash is the complete package, and I urge you to download a wallet and let me know you did!
Download a Dash wallet, and join Dash Nation. Wallets for your operating system can be found here: https://www.dash.org/wallets/
Official website: https://www.dash.org
Dashpay Subreddit: https://reddit.com/r/dashpay
Dash Forum: https://www.dash.org/forum
Join Dash Nation on Discord as we forge the future of digital cash: https://discordapp.com/invite/9z8zX5j
Follow Tao from the DASH community today on Twitter! He is very nice and always helpful!
https://twitter.com/cashalternative
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
