Nic Carter on Dash

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Nic Carter is a partner at Castle Island Ventures, a venture firm focused on public blockchains. He also created Coin Metrics, a site that provides key metrics for crypto assets.

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Dash is a cryptocurrency based on Bitcoin that is focused on instant transactions includes privacy features. Dash is hard capped at 18 million coins.

Privacy coin Finance and payments

Dash reviews by Nic Carter

🔑 0 positive | 💩 2 negative

2019

  • 💩

    Dash remains fairly active both on the development side and the community development side. The plutocratic “governance” process continues to fund (mostly unproductive) projects with a pool of capital subsidized by 10% of new issuance. On the adoption side, Dash has been redirecting its marketing budget towards buying ads on planes (smart: you literally can’t look away!) and lobbying businesses in Venezuela to accept the currency. I’ll admit it, I’m pretty impressed with the willingness of the Dash community to stubbornly crusade about banking the unbanked… with an asset that exists to facilitate rent-seeking on a massive scale.

    Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

    2019-01-01 | Full Review

2018

  • 💩

    At current rates and prices, Dash masternode owners siphon $238m from the network per year. Just a reminder.

    Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

    2018-02-23 | Full Review

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🔑

Monero is one of the few projects with a genuine community.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-04-30 | Full Review

🔑

Numerai is probably the _only_ example of tokens in a tokenized network being used as a bootstrap mechanism. It's amazing what you can do when you optimize for growth and not short-term enrichment.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-03-20 | Full Review

💩

Maker and Dai. Dai users return capital to MKR owners through the burn mechanism. At this point, the value of MKR (the derivative) is about 18x the value of Dai (the underlying). Channelling my best Matt Levine here: "This seems... wrong."

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-05-11 | Full Review

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More Dash reviews

Compare Nic Carter's Dash reviews with other expert reviews of Dash.

💩

some chains are setup in a way that either intentionally or indirectly create an incentive to game the gini coefficient.

Mostly PoS & MN chains. Dash for instance requires you to split up funds in 1000 dash chunks to run MNs. Makes rich list look way more distributed.

2018-09-28 | Full Review

💩

Note how the Dash masternode scheme has the effect of artificially pumping dash... which would he really funny if anti-privacy spies are running masternodes, and thus propping up the price!

2018-09-07 | Full Review

💩

Most countries have bank secrecy laws, and access to your account even within a bank is privileged and logged. Dash, on the other hand, exposes information publicly to anyone running a node.

2018-09-08 | Full Review

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