Tag Archives: crypto

Elon Musk Wrong About Bitcoin Energy Consumption?

ELON MUSK Wrong About Bitcoin Energy Consumption? – powered by ise.media

Elon Musk and Janet Yellen are suddenly ‘concerned’ about Bitcoin’s environmental impact. But is Bitcoin really that harmful? Our interview with Bob Burnet explains just how wrong their statements are and how Bitcoin is actually paving the way for energy efficiency.


Support Truth in Media by visiting our sponsors:

Unstoppable Domains: Buy one domain get one free. https://truthinmedia.com/unstoppable

Pulse Cellular: Use code “TRUTH” for 10% every plan for life.

Pure VPN: Military grade vpn protection.

Brave Browser: Open source and built by a team of privacy focused, performance oriented pioneers of the web.

GPU Revenue Signals Growth of Cryptocurrency Demand

(DFN) Record sales by GPU manufactures, Nvidia and AMD, signals that consumer demand for cryptocurrency mining and thus cryptocurrency is continuing to increase.

Last week Nvidia posted first quarter revenue of $3.21 billion USD, of which $289 million USD, or 9% of total revenue, was attributed to cryptocurrency mining sales. AMD, Nvidia’s chief rival, also reported first quarter revenue of $1.65 billion USD, of which 10% were also cryptocurrency mining sales. Even more significant was the growth from the previous year, 145% from Q1 2017 for Nvidia and 40% from Q1 2017 for AMD. Nvidia’s CFO Colette Kress said that “cryptocurrency demand was again stronger than expected, but we were able to fulfill most of it with crypto-specific GPUs”.

However, both companies are moderating their forecasts for future growth. Nvidia expects the second quarter revenue to be a third of this past first quarter. AMD’s spokesperson said that they expect revenue from cryptocurrencies to be in the “mid-to-high single-digit percentage” for 2018 in total. The moderation comes from ever increasing hashrates and the increasing competition from ASIC companies such as Bitmain, which brought in nearly $4 billion USD last year.

Increasing hashrates due to increasing cryptocurrency demand

As cryptocurrency became more popular so did the demand and mining operations. As the demand growth outpaced the pre-coded supply growth of many cryptocurrencies, the price of cryptocurrencies increased due to supply and demand laws. The higher price due to the larger demand then caused higher prices for mining GPUs and eventually the development of ASIC miners and their inevitable price increases.



A common misconception is that the high prices of cryptocurrencies are derived from the hardware and electrical cost of mining said cryptocurrencies. However, this is false, and it is the opposite which is true; the significant price paid for hardware and electricity are derived from the prices of cryptocurrencies, which is derived from supply and demand laws. It is only the knowledge that mined cryptocurrencies can be sold on the market for a high price because of their high demand, that allows miners to justify the capital expenditures.

Throughout this whole process the increasing demand is increasing the hashrate of each cryptocurrency’s network. The larger hashrate increases the security of each blockchain since it becomes considerably harder to initiate a 51% attack. A virtuous circle forms since a higher hashrate grants more security and thus creates more demand among consumers looking for ways to secure their wealth.

Dash has exceptional hashrate power and thus security

Recently, the price of Dash has fallen along with most other cryptocurrencies, however, the overall hashrate of Dash has stayed within the 1.5-2.5 petahash range, even though Dash only broke through the 1 petahash threshold in November 2017. The hashrate is bolstered by the second layer masternodes, which play an important role in the Dash ecosystem. The Dash network is further supported by the fact that it is more profitable to mine Dash via ASICs and more-or-less not profitable via GPUs. Thus, ASIC miners comprise a significant portion of the Dash network hashing power. Since each ASIC miner is built to mine specific coins, this makes the switching cost larger and less likely that the Dash network will see sudden significant hashrate declines due to price drops.

The comparative strength of the Dash network that sets it apart from other coins is derived from its unique structure and incentives. The demand for Dash is increasing all over the world due to the hard work of Dash teams, many of which are funded by the Dash treasury system. The Dash masternode system ensures those with capital means have a vested interest in the growth and security of the network. In addition, Dash is able to clearly communicate its future growth plans and outlook clearly to all observers. The strong demand growth combined with well designed incentives and clear expectations communication is influencing miners to continue mining, despite price volatility, thus maintaining the hashrate and network security.


Written by 



This article was republished with permission from Dash Force News.

Institutional Money has a Love-Hate Relationship with Cryptocurrencies

(DFN) Recently, Warren Buffet, Bill Gates, and Charlie Munger spoke negatively of cryptocurrencies, but Gary Cohen spoke somewhat positively and there are other signs that institutional money is becoming more keen on cryptocurrencies.

Buffet called Bitcoin a “non-productive asset” and that the “asset itself is creating nothing” when compared to “productive” assets like gold or farms. Buffet also compared cryptocurrencies to the Dutch Tulip Mania. Gates said that Bitcoin’s price relies on the “greater fool theory” of finding another “fool” to sell to at a higher price. Munger hit below the belt by calling Bitcoin “stupid and immoral” and the equivalent of “rat poison”.

However, another financial titan and former Goldman Sachs President, Gary Cohen, said that he’s “not a big believer in bitcoin”, but is “a believer in blockchain technology”. He added that he thinks there will eventually be a “global cryptocurrency”, but that it won’t be “based on mining costs or cost of electricity or things like that”. In addition, the famous Gemini exchange founder, Tyler Winklevoss, recently called out Bill Gates to “put [his] money where [his] mouth is” and referenced numerous trading outlets where one can short Bitcoin after Bill said he “would short [Bitcoin] if there was an easy way to do it”.

Institutional Money is beginning to venture into cryptocurrencies

Despite the big names in finance and tech speaking against crypto, there are signs that institutional investors are venturing into cryptocurrencies. Dash Force News spoke with Chris Rockwell, founder of RSI Advisors (an investment advisory firm in New Hampshire), about this new trend. Mr. Rockwell said that institutional money has been waiting for two things to happen:

“A way to hedge against crypto holdings and qualified custodians to take custody of their crypto holdings. Bitcoin futures contracts by both the CBOE and CME allow investors to hedge and qualified custodians like Kingdom Trust and Coinbase Custody should allow the doors to open for some institutional investors.”

Not all institutional money is the same and thus there are different players at different levels of entry into the cryptocurrency market. Rockwell mentioned that “[c]rypto only hedge funds are the early adopters and already in this space”, but as hedging and custodian market penetration increases, “standard hedge fund[s] will consider dipping their toe in the water”. He said that investment advisory firms and endowments are the next likely cryptocurrency investors, while pension funds and mutual funds “will probably be the last to enter because of unclear regulatory framework”, but Chris does “expect them to invest in crypto currency eventually”. Chris mentioned that banks and insurance companies are a “wild card”.

Chris also added that “[f]irms will get involved in the crypto space because of client demand, because crypto currency is uncorrelated to any other asset class (very unique in investing) and the potential to boost portfolio returns with little downside risk”. Despite the potential upside and the consumer demand, some establishment firms will nevertheless fall into the classic mistake of becoming lethargic in their innovation. Chris summarized this action very eloquently.

“The largest institutions/names in finance want to stay the largest and like the way things are now. They have little incentive to change how they invest. Radical changes scare them. The smaller and hungry firms/names trying to catch up have a lot of motivation to try new things if it gives them an edge. I also think many just don’t understand crypto currency and instead of saying they don’t know or understand they simply denounce and malign it to sound knowledgeable on the subject”

Dash makes institutional investing easier

As the price of Dash has increased drastically from the beginning of 2017 so has the overall price of masternodes. Consumers and investors wanted to invest in masternodes to receive the payout rewards, but did not have the capital to buy a full masternode. The Dash community has demonstrated its commitment to satisfying consumer desires. So naturally, Neptune Dash soon emerged to accommodate these desires. Neptune Dash went public in Canada this past January and raised over $23 million CAD to buy Dash and masternodes that will generate a respective return to those that own its publicly-traded shares. In April of this past year, Neptune Dash became available to EU and US investors as well.

Dash has demonstrated that it has a robust community to recognize and satisfy consumer desires in a multitude of ways. The mixing pot of ideas that is the Dash community encourages and fosters success for entrepreneurs that find quality methods to accommodate desires of consumers. This process benefits the overall Dash community by involving more users and investors, including institutional investors, by lowing the adoption curve and switching costs, which makes it easier for individuals and firms to use Dash. The Dash community brings Dash to individuals rather than waiting for individuals to discover Dash.


Written by Justin Szilard



This article was republished with permission from Dash Force News.

Dash Spotlight: Two-Tier Network for Decentralization

Welcome our Truth in Media Sponsor Spotlight on Dash Digital Cash.

Dash Digital Cash is the exclusive sponsor of Reality Check and the Truth In Media project.

In our last Dash Spotlight, we explained how the Dash Treasury funds projects like Reality Check and Truth In Media to support the growth of Dash use and facilitate innovation in various industries.

But how is the Dash Treasury funded, and who manages those funds?
It all starts with miners, or Dash nodes, and Dash masternodes.

Like other crypto miners, Dash nodes solve complex math problems using specialized computers. When a problem is solved, a new block is added to the blockchain and the miner is rewarded Dash Digital Cash.

What’s different about Dash compared to other cryptos is its two-tier network.

This is where Dash masternodes come into play. Masternodes enable financial privacy and the decentralized governance of the Dash budget.

So miners power the first tier and masternodes power the second tier. And for powering that second tier, masternodes are rewarded.

In the last episode, we explained the budget breakdown: with each new Dash mined, 45% of the reward goes to miners, 45% goes to masternodes, and 10% goes to the treasury. The treasury is what funds projects like Reality Check and Truth In Media.

Dash is the first-ever crypto to set up this type of two-tier system, making the features implemented by masternodes unique in the crypto world.

And that’s why the growth of Dash is so vital in decentralization.

Masternodes are focused on ensuring anonymous and instant transactions, but also governance through monthly budgeting and voting.

Want to become a Dash node or masternode? Check out Dash.org for more information.

Be part of the revolution and start using Dash Digital Cash today.

DiscoverDash Lists Over 1,000 Dash-Accepting Businesses Worldwide, 116 in Venezuela

(DFN) Dash merchant listing site DiscoverDash has passed 1,000 listings around the world, with heaviest adoption concentration in Venezuela.

Initially announced in May of last year, DiscoverDash is a merchant listing site for Dash that aims to comprehensively list accepting businesses around the world, as well as provide usability functions and new user guides. Major adoption clusters appear in New Hampshire in the United States, Venezuela, Ukraine, and Australia, due to local communities pushing merchant adoption for Dash.

A clean directory with a live chat makes Dash more accessible and useful to consumers

What sets Dash apart from competing currencies is its success in reaching wide merchant adoption despite not having the significant network effect lead of Bitcoin. Having a single spot to list all the major Dash-accepting businesses possible not only makes it easier to quantify adoption, but also makes said adoption much easier to realize. A powerful site that makes spending Dash easy can help boost actual use. According to Dash Force Director of International Outreach and PR Mark Mason, several important projects and individuals came together to make this achievement:

“The new and improved DiscoverDash business directory website relaunched on March 30th with 792 worldwide listings including ATM’s. Within just 4 weeks of the website refresh we’re now over 1000 listings all thanks to international grassroots outreach projects driving Dash adoption forward, particularly in Ukraine and Venezuela. I’d also like to thank Discover Dash Support and Contest Manager Albert Arellanes who has been instrumental in the successful running of the site. Everyday new businesses that accept Dash Digital Cash for payment are being added to the directory and I don’t see this trend stopping anytime soon.”

Last month, DiscoverDash was re-released with an updated theme, giving a much smoother user experience similar to services like Yelp. Additionally, the new version of the site supports a live chat function, which allows users from around the world to directly ask questions, whether for support on the site itself, or on Dash in general, removing an additional barrier to wide use.

Venezuela and New Hampshire are proving to be testing grounds for Dash’s usefulness as a currency

The area with the most significant Dash acceptance is Venezuela, a country which has experienced a currency crisis and has reason to explore forms of sound money such as cryptocurrency. At present Venezuela has 116 Dash-accepting merchants listed on DiscoverDash, with 60 in the Caracas area. According to Business development head for Dash Merchant Venezuela Alejandro Echeverría, Dash is exploding in the region because it serves as a perfect solution to the problems facing the country right now:

“Dash is the perfect currency for Venezuela right now: instant, cheap and one of the most important this is that it represents a Store of Value. Right now we are living in hyperinflation, our currency devalues each day more and more, so we need a strong currency where we can protect our work, our earnings, our savings. Besides, our payments methods are collapsing right now, there is not cash in the streets and the POS network is not working, so you can be 15-20 minutes doing a simple purchase waiting for the confirmation. Dash is instant and this wont be a problem anymore.

Also, Dash is perfect for remittances, we are helping a LOT of people living overseas to send money to their family here in Venezuela. So Dash is actually one of the best options right now that Venezuela has to overcome our crisis.

With Dash Help Venezuela we aim to support and help people with problems and questions. With Dash Merchant Venezuela we aim to boost the adoption of Dash from merchants and businesses, 3000 merchants in 3 months. Dash Caracas is doing its amazing job with conferences. So, everyday I am more convinced that Venezuela will become the very first Dash Nation in the world, not just because we want, but because we need it.”

New Hampshire is another notable Dash hotspot, with 34 listings in the semi-rural state of roughly 1.3 million inhabitants, 23 and counting in the town of Portsmouth alone, amounting to more than one Dash-accepting business per thousand people in that town. Portsmouth’s concentration of Dash businesses was famously featured in a CNN news segment about living off of cryptocurrency.


Reality Check: What Venezuela’s National Crypto Means for Decentralization

President Trump recently announced a ban on Venezuela’s new national cryptocurrency, the petro.

That’s right—Venezuela created its own national crypto, possibly to circumvent U.S. sanctions.

But could the petro do more than that, and actually catalyze government-controlled cryptos around the world?

This is a Reality Check you won’t get anywhere else.

President Trump signed an executive order March 21 banning all transactions involving digital currency issued by the Venezuelan government, after it began pre-selling its own cryptocurrency, the petro, in February.

The petro differs from other cryptos because, according to the Brookings Institute, “The price of one petro is pegged to the price of one barrel of Venezuelan oil…” and “the petro/bolivar exchange rate … includes a discount factor determined by the Venezuelan government.”

By making that distinction, the Venezuelan government is now responsible for managing multiple currency systems simultaneously, creating what Dash Force News Editor Joël Valenzuela described as “an accounting nightmare.”

But isn’t cryptocurrency supposed to make accounting for transactions easier?

Well, actually it’s not the cryptos but the tech they’re built on. A few episodes back, we discussed how cryptocurrency is backed by radical transparency due to the power of the blockchain.


Rather than being backed by radical transparency and being a “trustless system”, as Valenzuela called it, the petro is essentially “fiat crypto.”

“When you back it with something that doesn’t have transparency, you have to trust the party that is providing the assets that back the coin,” according to Valenzuela. “It ruins its original value proposition.”

So why would Venezuela create the petro in the first place?

Once a crypto is a national currency, it’s subject to many tariff barriers and, in some cases, sanctions. Which is why President Trump made the first major national decision by the U.S. to ban a cryptocurrency. But cryptos like Dash aren’t tied to a government and weren’t created to bypass sanctions.

Once the richest nation in Latin America, Venezuela had suffered wild inflation, plummeting the standard of living and causing uproar from poverty stricken citizens. Many Venezuelans facing economic hardship are putting pressure on the government to stop the bleeding.

Anything to ease their suffering in the short term will be a boon to the tyrants, according to Valenzuela. But because the petro is not truly backed by trustlessness, critics say the government crypto won’t last long. And that presents a challenge to other governments considering creating their own cryptos.

Russian President Vladimir Putin already announced his government will issue its own CryptoRuble, likely sometime in mid-2019, according to CoinTelegraph.

The CryptoRuble is supposed to be directly tied to the ruble, issued by the Russian government and could not be mined.

More governments are likely to investigate the benefits of state controlled blockchain technology.

But remember, the two major selling points of blockchain are radical transparency and decentralization, meaning no one can manipulate the supply or the transactions.

And it’s those two aspects of blockchain that governments aren’t fans of.

Recently Congressman Brad Sherman of California read a statement that called cryptocurrencies “harmful,” and appeared to accidentally admit that cryptocurrency reduces government control of our currency. He said, “It hurts the U.S. government in two ways. Our contr… …our ability to have the US dollar be the chief means of international finance is what has underpinned our ability to impose sanctions…”

So Sherman doesn’t like the lack of “contr…” that the government has over crypto.
But on the other hand, imagine if the U.S. decided to use blockchain to track how our tax dollars are spent. Remember when the Pentagon admitted earlier this year that it couldn’t account for hundreds of millions of dollars?

What could help prevent data loss like this? The blockchain.

Corporations are already testing out the tech to prevent major data breaches like what happened to Target, Home Depot, JP Morgan, Anthem and others.

John Oliver explained the power of the blockchain in a recent episode of his show “Last Week Tonight.” He said, “The blockchain… a database that is nearly impossible to hack or tamper with, and which could possibly improve security, efficiency and trust. That is why big companies like Wal-Mart, IBM and JP Morgan have all been experimenting with blockchain as a way to potentially share and secure data transactions in a reliable, easy to access way.”

So what you need to know is that the blockchain presents an opportunity for governments to create a more transparent financial system. But Venezuela isn’t really doing that with the petro.

The crypto market has and will continue to fluctuate. Some crypto will disappear, some will stick around.

The question is, who is going to control the crypto? If governments do… they will take away the freedom of crypto… but if crypto currencies remain decentralized, then we will be able to keep a radically transparent financial system for the people.

That’s Reality Check. Let’s talk about that, right now, on Twitter and Facebook.

George Soros’ Fund Has Approved Cryptocurrency Trading

(Dash Force News) George Soros, who famously called Bitcoin a bubble this past January, now has his fund, Soros Fund Management, internally approved for cryptocurrency trading.

Adam Fisher, who oversees macro investing for the fund, has reportedly gotten internal approval to trade cryptocurrencies. While no reports indicate that any trades have actually taken place, yet, the statement is a complete 180 degree turn from the earlier public sentiments of George Soros. However, Soros and his fund have been making indirect upward bets on cryptocurrencies by becoming the third-biggest shareholder in Overstock.com since the fourth quarter. Overstock.com was one of the first to accept cryptocurrencies and has Medici Ventures as a subsidiary to invest heavily in cryptocurrencies and related technology, including tZERO as a trading platform.

Soros said at the World Economic Forum in Davos that cryptocurrencies are not actually currencies because of their volatility. In addition to calling cryptocurrencies a bubble in January, Soros went on to say, that “rulers in [dictatorial] countries will turn to Bitcoin to build a nest egg abroad”.

Soros’ actions assign a value to cryptocurrencies because of its use as a currency

The large shift in opinions of Soros and his managed fund sheds light on how popular edicts are often made at the time with little information. Since Soros Fund Management now has internal approval to trade cryptocurrencies, it begs the question of what Soros has learned since calling Bitcoin a bubble. In addition, the contradictions should be noted since quarter four and his fund’s investment in cryptocurrency-heavy Overstock.com overlaps with his cryptocurrency-negative comments. A proposition that squares those contradictory actions is that Soros, as “The Man Who Broke the Bank of England”, makes bets in favor of the market-natural direction of a currency. To do so, him and his fund must make bets that go with the flow of the market-natural value of a currency.

By investing in cryptocurrencies, whether it is a bet upwards or a bet downwards, he is implying that cryptocurrencies have some value that they are trending towards and will eventually reach. This argument in combination with Say’s Law, which says that value arises from production as opposed to consumption, proposes that cryptocurrencies’ value arises from the fact that they produce an item that other individuals deem valuable and are willing to forgo other forms of money and consumption to buy and earn cryptocurrencies. The ability to use cryptocurrencies to buy goods and/or services create value for its users.

The value of Dash arises from the confidence behind its usability

Dash is quickly spreading all over the world, which reinforces its usability by giving consumers many options of where to spend their hard earned Dash. The adoption of Dash is so strong and fast because of the confidence users see behind its structure. Dash has demonstrated how it leverages its combination of miners, masternodes, and treasury fund in an incentive-based organization to develop the blockchain in ways that best serve consumers. Consumers then have larger confidence in Dash’s ability to cope with adversity that could arise in the future.

Dash allows Venezuelans to buy items without government manipulation. Dash allows those in many African nations that could not have access to reliable bank accounts before to now store their wealth in a safe and secure way. Dash allows Indians a corruption free method to spend their money quickly. These features overlap between countries and continents with numerous integrations, but overall demonstrates that Dash provides value for consumers because of its production of a fast and inexpensive trustless decentralized network for currency that can be reliably sustained long into the future.


Written by 

MailChimp Bans Cryptocurrency Ads

(Dash Force News) MailChimp joins Google, Facebook and Twitter in banning cryptocurrency related advertising on their platform.

The mass email marketing manager, MailChimp, announced on March 29 that they intend to ban any “businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering.” The company quickly received backlash from users and the online community blaming MailChimp for censorship. MailChimp defended its position saying they needed to prevent “scams, fraud, phishing, and potentially misleading business practices” from being facilitated through their platform.

However, MailChimp said that they will not ban all cryptocurrency related information and that “as long as the sender isn’t involved in the production, sale, exchange, storage, or marketing of cryptocurrencies”, emails can still be sent. MailChimp elaborated that this includes discussion of cryptocurrencies by journalists and publications, but did not elaborate further on how the platform intends to differentiate between the two.

Difference between malicious and beneficial marketing

Since MailChimp did not elaborate on how they plan to detect whether cryptocurrency mass emails are only discussion vs. benefit the sender from cryptocurrency adoption, it is important to discuss that very fine line. A journalist discussing cryptocurrency vs. marketing cryptocurrency can often overlap since many within the cryptocurrency space advocate for larger cryptocurrency adoption, so they can benefit from the advantages that come with a growing economy of scale. Many crypto advocates and groups want to see more merchant and user adoption of certain coins, but also do not participate in “scams, frauds, phishing, or misleading business practices”. Thus, it can be seen how MailChimp’s new policy is a very loose structure that can be used as an excuse to ban many accounts that are not necessarily malicious.

Watch Related:


It should also be noted that MailChimp’s ban goes a step further than the bans implemented by Google, Facebook, and Twitter since many advertisements are unsolicited and appear simply by using those platforms. However, emails sent via MailChimp are email subscriptions that must be voluntarily signed up for and must include an opt-out feature as required by CAN-SPAM laws. So even if it is assumed that ads are involuntarily harming consumers, it is much harder to make that assumption for MailChimp emails since they are voluntarily opted-into and users can opt-out at any time.

Marketing is sometimes misconstrued as only being needed if a product is inferior on its own or a scam. However, this is not the universal case since many quality products throughout the modern economy advertise to raise awareness to the larger population. In fact, it can be argued that a complicated marketing strategy signals a quality product because it has a complex team confidently behind a sophisticated product to organize the marketing strategy. Conversely, products that are scams typically do not put much effort into advertising since detailed advertising of its attributes could reveal its faults as a scam.

Cryptocurrency marketing is getting harder, which places Dash in an advantageous position

The increasing bans on cryptocurrency advertising is placing more of the onus on coordinated and sophisticated marketing efforts since the lowest hanging fruit of online advertising (Google, Facebook, Twitter, MailChimp) are being eliminated. Now advertisements need to go through sponsorships, individual advertisement arrangements with websites/conferences/brick and mortar stores, or teams spreading the word on the ground. This is becoming a battleground that favors Dash with its governance and treasury system.

Dash’s treasury fund and governance system allows coordinated large sponsorship deals with individuals and conferences along with organizing an even larger promotional strategy. Dash sponsors MMA fighters (Rory McDonald and Davis Dos Santos), sports teams like the Dash Leopards and Dash Aerosports, independent journalist Ben Swann, and partners with numerous cryptocurrency companies. Dash is able to organize its own conferences as well as sponsor even larger events such as this year’s Porcfest. These marketing campaigns require a complex organization and large funding that is unachievable for many coins, which puts Dash at an advantage during the cryptocurrency advertising bans as well as demonstrates the authenticity and sophistication of Dash.


Written by: 

Dash Spotlight: The Sole Reason Why Reality Check & Truth In Media Are Back

Welcome to the first episode of our Sponsor Spotlight on Dash Digital Cash.

As you may know, Dash Digital Cash is the exclusive sponsor of Reality Check and the Truth In Media project.

After a year “in the dark,” the only way I was able to bring back Reality Check and the Truth In Media project, was through the support of Dash Digital Cash, which I’ve described as a revolutionary cryptocurrency that will change the game for everyone.

In the next Sponsor Spotlight, I’ll explain how that funding was made possible through the unique way Dash Digital Cash operates as money-as-a-service business.

But first, how do you use Dash Digital Cash? Well, it works just like cash.

It’s transferred instantly, in just one second, and is completely anonymous. It costs less than 1 cent to send Dash, regardless of the size of the transaction. One second, less than 1 cent.

The easiest way to buy Dash Digital Cash is on Uphold.com, as explained in the video below:

You can also purchase Dash Digital Cash on exchanges like Bittrex and Poloniex.

To hold and spend small amounts of Dash Digital Cash, you will need a mobile wallet. Dash Digital Cash has mobile wallets available for download in the Apple App Store and on Google Play.

Remember—always consider the amount of Dash you carry and the necessary security measures to protect your crypto.

So where can you use Dash Digital Cash? CheapAir, Overstock.com and BitCart are some of the most popular places Dash Digital Cash holders spend their crypto.

Be part of the revolution and start using Dash Digital Cash today.

Trump Issues An Executive Order to Ban the Venezuelan Petro

(Dash Force News) Donald Trump has issued an executive order to ban all cryptocurrencies issued “by, for, or on behalf” of the Venezuelan government by a “United States person or within the United States”.

“All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.”

The executive order is a follow up to the sanctions that were placed on Venezuela by the US this past December since the Petro was seen as a work around by the Maduro regime. The action echos the US Treasury Department’s previous statement that advised investors to avoid the Petro, which called it “another attempt to prop up the Maduro regime, while further looting the resources of the Venezuelan people.”

[RELATED: Venezuela’s Government-Backed Petro Faces Obstacles, Scrutiny]

The Petro, pre-sale launched on February 20, was proclaimed to be backed by oil from the country and thus many saw the Petro as a de facto oil future rather than a cryptocurrency. However, the democratically elected body of Venezuela have already called the Petro illegal. In addition, many have called into question the cryptocurrency’s decentralized nature since a majority of the Petro seems to be in a few wallets and many suspect that most buyers were governmental agencies.

Fallout for other cryptocurrencies and the Venezuelan people

This move by the US President is the first major national decision by the US to ban a cryptocurrency. The executive order, which allows the president to act unilaterally, specifically mentions cryptocurrencies that are “by, for, and on behalf” of the “Government of Venezuela” so it does not appear to be an immediate threat to other cryptocurrencies.

The executive order does, however, beg the question if the same action can be extended to other more open cryptocurrencies that may be adopted by the Venezuelan government. Even if this becomes the case, the effect on Venezuelans would still be minimal, as long as the cryptocurrency is properly structured. The USD exchange price would most likely plunge, but Venezuelans will still be able to use said crypto within their country, free of governmental manipulation, and use decentralized exchanges to exchange into other cryptocurrencies when they want to trade within another country that initiated a ban.

For the time being, the Petro seems to only serve the interest of the Venezuelan government rather than the citizens of the country who use Bolivars, USD, and other cryptocurrencies. Thus the citizens of Venezuela should not suffer much from this ban since Venezuelans are utilizing other cryptocurrencies to escape the terrible policies of their government.

Dash is on the ground and improving lives in Venezuela

Dash is continuously increasing its presence within Venezuela, most recently seen in the Dash Caracus Conference, which had such a large influx of attendees that a second overflow conference was held. Then while governments place sanction on the Maduro regime in an attempt to weaken it, the Dash community is volunteering to give direct aid to Venezuelans by donating Dash. Venezuelans have seen their currency suffer from over 2,500% annual inflation and their economy destroyed by a corrupt and ignorant government. Nevertheless, Venezuelans refuse to let external factors stop them and are using Dash to provide real alternatives that better their lives.

Creative entrepreneurs are using Dash to restart their economy. Citizens are using Dash to purchase goods and services, while also maintaining the value of their currency better than the Bolivar. Each Dash Caracus Conference holds a Dash City (Ciudad Dash) to sell goods from local entrepreneurs and the most recent one had 53 vendors. This everyday use of Dash to solve real world problems leads to even greater adoption and a stronger user base, which will further contribute to Dash decreasing its volatility when compared to other cryptocurrencies.


Written by Justin Szilard

Google to Ban Cryptocurrency Ads, Deepening “Crypto Blackout”

(Dash Force News) Google has announced that it will be cracking down on cryptocurrency-related advertising, furthering the “crypto blackout” online.

According to new policies relating to financial services to be rolled out in June, among newly banned content will be anything related to cryptocurrency:

“Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)”

While the spirit of the ban appears to be targeted at ICOs and speculation, it will also affect other cryptocurrency information as well, from simple usage guides to wallets, news sites, general information, and more.

Google joins Facebook in the crypto ad blackout

Google follows in Facebook’s footsteps in the crypto ad crackdown. Earlier this year, Facebook similarly banned cryptocurrency-related advertising. Now with Google joining in the ban, two of the most powerful online advertising networks have blocked out cryptocurrency. This united front will make reaching new users considerably more difficult, and will increase the value of earned media, solidifying gatekeeper status by major publications. Additionally, it may also give rise to more covert approaches to dodging ad filters, with cryptocurrency-related content packaged as something else.

Ad difficulties increase the importance of Dash’s partnerships and in-person promotions

Dash’s competitive advantage over other cryptocurrencies is its significant treasury, which can fund all manner of promotional initiatives in-house. However, the recent ad blackout has significantly complicated purely advertising-related proposals, reducing the ability to simply fund Dash ads to increase its user base. This situation increases the importance of other promotional measures such as conference sponsorships and speaking opportunities, as well as grassroots promotional initiatives including meetup programs.

Additionally, difficulties in running normal advertisements increase the value of strategic media partnerships. For example, rather than simply advertising on major ad networks utilized by media outlets, Dash sponsored US-based radio show and podcast Free Talk Live directly, bypassing ad bans by partnering directly with the media platform. Similarly, Dash exclusively sponsored independent journalist Ben Swann, lending his impressive reach to Dash, as well as making a strong statement about uncensored media made possible only by Dash’s DAO.

Bill Gates Dislikes Cryptocurrencies for “Their Anonymity”

Watch Ben Swann explain cryptocurrencies:

(Dash Force News) Bill Gates, Microsoft founder and famed philanthropist, said in a reddit AMA that “the main feature of crypto currencies is their anonymity” and he “doesn’t think this is a good thing.”

Gates further elaborated on the question asked by Askur1337 that “crypto currencies are used for buying fentanyl and other drugs” and accused the technology of causing “deaths in a fairly direct way.” Gates also praised the government’s ability to “find money laundering and tax evasion and terrorist funding.” Gates was also concerned about how the “speculative wave around ICOs and crypto currencies is super risky for those who go long”.

Bill’s accusations seem to ignore some key data points and ignores a significant reason for the recent expansion of cryptocurrencies.

Using scapegoats to take away privacy

Americans spent $109 billion USD on drugs in 2010 when Bitcoin was only a year old and still in limited circulation. They also spent $108 billion USD on drugs in 2000 before cryptocurrencies even existed in their current form. This should indicate to Bill Gates that Americans have been buying drugs and will continue to buy drugs regardless of the type of currency. Blaming crypto is only focusing on an effect of a larger drug abuse problem and is not a significant cause for the rise of crypto.

Europol recently announced the same concerns as Gates that crypto is being used by criminals to dodge law enforcement. However, a new study points to the fact that less than 1% of Bitcoin transactions are used in illegal transactions. Both also fail to mention that an estimated $800 billion – $2 Trillion USD are laundered each year in traditional fiat currencies, not to mention the amount of fiat that is simply exchanged in criminal acts. Once again blaming crypto for the actions of criminals ignores a larger problem and is not a significant cause for the surge of crypto.

The concerns around the volatility of ICOs and crypto ignores that volatility has been decreasing in some areas. Concerns for consumer protections from crypto volatility also focuses on an effect, not a cause, of low interest rates that distort consumer and investor behavior. Volatility is not the only reason for the growth of crypto.

These common arguments against crypto focuses on faux problems and ignores one of the larger reasons for the expansion of crypto; consumers want greater privacy in its own sake in any and every way possible. The fear-mongering of drugs, money laundering, consumer protections, tax evasion, terrorists, and other illegal activities have been the boogiemen and scapegoats for ever decreasing privacy of citizens by their government. Each year, worldwideand in the USA, more people die from natural causes, tobacco, automobile accidents, and even suicide than from drugs or terrorist attacks. Crypto and the host of other emerging encryption services demonstrate that consumers are seeking out better privacy services. It cannot be said exactly why consumers want more privacy since everyone has their own motivations, but the points made above demonstrate that the common arguments against crypto can be easily countered.

Dash’s focus is entirely on legitimate activities

While still offering unbeaten privacy, Dash has shifted its focus to the general consumer, utilizing fast and cheap transactions to create an attractive general purpose money. Additionally, the upcoming Evolution platform will allow for an easy and intuitive interface protocol-level, so that even the least technical of users should not be challenged using the platform. While any technology can be repurposed for illicit activities, Dash’s focus is far from this target market.

Written by Justin Szilard

SEC Warns of “Potentially Unlawful” Crypto Exchanges

The U.S. Securities and Exchange Commission (SEC) has issued a warning regarding cryptocurrency exchanges; according to the SEC, some exchanges may be in violation of federal laws governing trading.

A statement issued by the SEC on March 7th stated:

Online trading platforms have become a popular way investors can buy and sell digital assets, including coins and tokens offered and sold in so-called Initial Coin Offerings (“ICOs”). The platforms often claim to give investors the ability to quickly buy and sell digital assets. Many of these platforms bring buyers and sellers together in one place and offer investors access to automated systems that display priced orders, execute trades, and provide transaction data.

A number of these platforms provide a mechanism for trading assets that meet the definition of a “security” under the federal securities laws. If a platform offers trading of digital assets that are securities and operates as an “exchange,” as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration. The federal regulatory framework governing registered national securities exchanges and exempt markets is designed to protect investors and prevent against fraudulent and manipulative trading practices.

“The SEC staff has concerns that many online trading platforms appear to investors as SEC-registered and regulated marketplaces when they are not. Many platforms refer to themselves as “exchanges,” which can give the misimpression to investors that they are regulated or meet the regulatory standards of a national securities exchange,” read the statement. “Although some of these platforms claim to use strict standards to pick only high-quality digital assets to trade, the SEC does not review these standards or the digital assets that the platforms select, and the so-called standards should not be equated to the listing standards of national securities exchanges.”

The SEC statement included a clear warning to unregistered trading platforms:

A platform that trades securities and operates as an “exchange,” as defined by the federal securities laws, must register as a national securities exchange or operate under an exemption from registration, such as the exception provided for ATSs under SEC Regulation ATS. An SEC-registered national securities exchange must, among other things, have rules designed to prevent fraudulent and manipulative acts and practices…

…Further, a national securities exchange must itself comply with the federal securities laws and must file its rules with the Commission.

“In advancing the SEC’s mission to protect investors, the SEC staff will continue to focus on platforms that offer trading of digital assets and their compliance with the federal securities laws,” the statement concluded.

The statement was issued a week after reports that the SEC has been sending out subpoenas to companies that have launched ICOs. According to TechCrunch, it appeared “that the SEC is requesting details of sale structures and the pre-sale elements to them, which often include deep discounts for those investing large sums or committing to an ICO early on.”

Coindesk reported that “few attorneys or industry stakeholders are willing to talk on the record about the investigations,” and noted thatTechCrunch founder Michael Arrington, “who raised $100 million to start crypto hedge fund, Arrington XRP Capital,” acknowledged receiving a subpoena.

According to Fox Business, the commission has been “looking at several ICOs to ensure they are not violating securities laws.” SEC Chairman Jay Clayton recently told the network that he has observed a significant portion of ICOs and while “it’s a technology that I really think is pretty cool and can change the way people do business at a great deal of efficiency,”  he said he’s found that they qualify as securities offerings and they must follow SEC regulations.

Clayton told Fox Business:

“Many ICOs and many of the ones I’ve looked at specifically are securities….for some reason, people selling ICOs seem to think they don’t need to follow either path; they seem to think they can have the best of both worlds: a limited disclosure from a private placement and public trading and public offering of the token.”

“Abide by the law,” Clayton added. “We are watching. Others are watching.”


Reality Check: Is Crypto Backed by “Radical Transparency”?

Unless you have been hiding under a rock, you’ve been hearing about cryptocurrency, Bitcoin and dozens of coins as being either the future of currency, or causing the biggest bubble ever.

One of the biggest criticisms of cryptocurrency is that it’s just made up money, that it’s not backed by anything.

But is that true?

What if I told you that crypto, unlike dollars or even gold and silver, has the greatest backing of all: radical transparency.

Let’s give it a Reality Check you won’t get anywhere else.

Radical transparency. In the spirit of radical transparency I should mention once again that Reality Check and Truth in Media are exclusively sponsored by Dash Digital Cash, which is of course, a cryptocurrency.

Cryptocurrencies are in the news every day, from Bitcoin’s meteoric rise in December to over $19,000 a coin, to the drop in February to below $7,000. You’ve heard everything from how crypto is the future, to crypto is a scam. The biggest bubble since the Dutch tulip bubble which burst in the year 1637. Yes, it happened. And yes, that comparison is being made in media.

One of the biggest complaints in media about crypto is that it is simply made up money. It’s not backed by anything.

Not like dollars and gold. But is that true?

The U.S. dollar came off the gold standard in 1933 and then fully abandoned it in 1971 under President Nixon.

By 1973, the U.S. had entered into agreements with Saudi Arabia to create the petrodollar. they agreed to use American dollars for paying against oil contracts.

Oh yes, oil. The “fuel of the future” is what backs the U.S. dollar?

Maybe not. Maybe it’s something completely different. Peter Thiel puts it this way:

“You will not be able to pay your taxes in bitcoin. You have to pay them in dollars. If you don’t pay them with dollars, there will be people who will show up with guns to make you pay them.”

From the Daily Reckoning: “Coercion is what holds the u.s. dollar system together. ‘tax-driven money’ is the phrase that economists use to describe the theory. it applies to all sovereign currencies.”

Though, as we have reported at TruthInMedia.com, three states are now considering state taxes to be paid in crypto.

So what about commodity-backed currency, like gold or silver? At least there is a physical asset there, right?

The use of precious metals as money goes back nearly 3000 years.

According to Ross Ashcroft’s Renegade Inc., the founder and chairman of Goldmoney “James Turk argues for a return to the gold standard because ‘only gold is outside the control of politicians’. That may be true, but it’s not outside the control of mining corporations, whose interests are unlikely to coincide with those of the wider population.”

And while gold has a fixed supply that can’t be inflated, it also hasn’t been easy to audit.
And that brings us to cryptocurrency.

With crypto, you know exactly how much is out there, where it all is, and how often it moves.

Forbes Magazine writes:

“…Vanguard founder Jack Bogle and Nobel Prize winner Professor Joseph E. Stiglitz from Columbia University. They have both attacked bitcoin saying that it’s a “bubble,” comparing it to many dotcom companies that were really shell companies offering little value and not ‘backed by anything.’ Stiglitz actually went so far to say bitcoin should be outlawed and said it doesn’t serve any useful social function.”

No useful social function? That argument is really not true.

Cryptocurrencies like Bitcoin, Dash, Ethereum, Litecoin, Ripple, Bitcoin cash, and many others are backed by blockchain technology. And blockchain creates radical transparency through antifragile decentralization.

In other words, blockchain is a secure digital ledger and a distributed database, tracking transactions anonymously and replicating them to prevent data loss. It’s nothing like the trust we instill in our current financial system, which explains its useful social function.

Joel Valenzuela from Dash Force News explains:

“The whole point of a secure public ledger for financial transactions was to remove the need for trusting an institution like a bank to not only hold your money, but also maintain an accurate copy of all transactions and not engage in financial trickery.”

Now let that sink in. The power of blockchain, upon which most crypocurrency is built, is to actually be able to securely remove the financial middleman.

The mysterious Satoshi Nakamoto, in his whitepaper, writes:

“The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the ‘tape,’ is made public, but without telling who the parties were.”

The goal of true financial privacy is to break the link between an open and auditable network and true identities of the users.

Blockchain technology is facilitating this, allowing even silver currency transactions to be stored as is done by lodecoin.

It’s the power of blockchain that creates what Valenzuela calls “trustlessness.” For instance, Dash Digital Cash does this by “trustlessly mixing funds with a few other parties so that an anonymized transaction can’t be linked back to you, all the while keeping everything publicly visible. There’s incredible value to being able to maintain privacy while keeping the main advantage of cryptocurrency: trustlessness.”

What you need to know is that word, trustlessness, is a powerful one.

So I’ll say it again… trustlessness. Valenzuela says it better than I can, so I will quote him here.

“You don’t have to trust that the network is being used in a certain way. You don’t have to trust that it’s well-distributed, and no one party (or small group of parties) controls a very small portion of the supply. You don’t have to trust any developers or administrators to tell you that the network is running fine. You can see for yourself.”

Radical transparency.

That’s Reality Check. Let’s talk about that right now on Twitter and Facebook.

Japan Central Bank: Cryptocurrencies Are Not Competition

(DFN) Recently, Haruhiko Kuroda, the Governor of the Bank of Japan called cryptocurrencies “crypto-assets” and said that “cryptocurrencies are not a threat to the Yen and he doesn’t see them as a danger to existing legal tenders anytime soon,” as crypto-lines reports. However, central bankers have various and conflicting opinions on the issue, leaving potential investors across the world without clear guidance as to a future consensus on the issue.

At present, cryptocurrency retains an aspect of volatility, as noted by Kuroda’s and other central bankers. However, that may change as the ecosystem matures. As cryptocurrency’s practiical use for everyday commerce and other regular, transactional uses, the amount of speculation and volatility involved in its use cases decreases. At this stage, cryptocurrency could become perceived as a competitive threat to national fiat currencies.

Fiat currency’s adoption lead, once eroded, could lead to a cryptocurrency “flippening”

National currencies, administered by central banks, compete on a world stage constantly being traded to buy goods and services and being bought and sold by speculators, with the currency that has the most value to be bought and having the most stable future growth path dominating the marketplace. As volatility decreases with growth, cryptocurrency could join this stage as well. While providing new currency options that can be traded for goods and services, cryptocurrency would not be subject to the interest rate and money supply manipulation of national fiat currencies. Governments would no longer have monopoly powers of the currency their citizens use, and may fear mass exodus from these currencies to forms that are more transparent and less inflationary. This could force their interest rate,s and therefore debt, to balloon, presenting an even more stark comparison between fiat currency and cryptocurrency.

While there may be some ways to go before cryptocurrency viability as currency is acheived, this path has already been set in motion. Despite Haruhiko Kuroda’s comments, Japan stands as one of the most crypto-friendly nations in the world, with a growing number of businesses accepting Bitcoin and other coins for payment. DiscoverDash lists 682 businesses and growing that accept Dash, with rapid progress in areas of the world experiencing currency issues, such as Venezuela, which alone contains over 80 Dash-accepting businesses. The public release of the Alt Thirty Six platform may see an even more rapid growth, with thousands of marijuana dispensaries poised to accept Dash payments through the platform.

Dash’s competitive advantage in addressing volatility

Dash stands as one of the cryptocurrencies with the best chances at reaching wide adoption as a currency due to its higher network capacity and low transaction fees, in addition to its clear and stable plan for long-term growth. In addition, Dash continues to add partners and users all around the world at a rapid pace. Altogether, this potentially makes Dash one of the least volatile cryptocurrencies moving into the future, and thus one of the best positioned to compete on the national currency stage. This could provoke a change in perspective from central bankers, which may cause a reevaluation of the position that cryptocurrency is not competition, which may bring up fresh regulatory discussions on the issue in the future.


Written by: Justin Szilard