Is There a Maximum Coin Supply in Dash?


Hi I’m Amanda B. Johnson and you are
watching DASH: Detailed. You may remember from a few episodes back a video we published entitled, “Everything You Need to Know About Dash In Under Three Minutes!” In it, we reported that Dash’s coin emission rate, or the rate at which new Dash are created, decreases by 7.1 percent, per year, and that the emissions will be basically zero when 22 million Dash have been created. That’s all a long way of saying that Dash’s
coin cap is 22 million coins. But it turns out that that figure is not
correct — not the bit about the 7.1 percent decrease, that’s correct — but the 22 million bit. To understand that you need to understand that there are not one, but two variables that affect Dash’s coin emission rate. First is that Dash’s block reward is dynamic and can change given certain parameters. More on that in a moment. Second is that Dash’s monthly superblock — what I call the treasury — it being the ten percent of the block reward from the prior entire month to be paid out to various projects
isn’t always paid out in its entirety and any amounts that are not allocated
are not created. The second variable is understandable after all Dash has up to 7,449 Dash in its
treasury per month to allocate to various projects and contractors and
some months it doesn’t get allocated to the max. But why the first variable? Why have a dynamic, potentially changing block reward? That seems weird and new and not really done other places. And it actually turns out
to be brilliant. See, the available changing supply of mining rewards
as part of Dash’s block reward is designed to ensure that the network never drops below 79 Gigahashes in mining per second. If Dash’s hash rate dips below 79
Gigahashes per second the block reward is increased so that we
can attract more and new miners to our reward. And when it goes above it the
block reward is decreased so that we are not overpaying for hashes. It’s supply and demand at its finest. So now that you understand what the
variables are and where they come from where is this 18 million Dash coming
from as a final number? Well it comes from making assumptions
that eliminate those variables. The first assumption is that Dash’s hash rate remains at 79 Gigahashes per second or more and hence the block reward does not
increase in a bid to attract new miners The second assumption is that Dash’s
treasury amount is fully allocated and hence all of the coins it can create
are created each month. So with those two assumptions in mind, take a look at this table here we start
with six point something million coins, which is Dash’s current coin supply in 2016. This column indicates the percentage of total Dash that number represents. And this column indicates the annual inflation rate. Here is 2017, 2018, 2019,
and onward until we finally reach a total of nearly 18 million coins in the
year 2300. At this point there are zero new Dash created, though it’s worth noting that the inflation rate goes to effectively zero — that is less than a
thousand coins are created per year beginning in the year 2111. So all that
is to say that if Dash’s X11 miners are not usurped by some unforeseen totally
superior coin and if each month’s treasury is fully paid out that there will be 18 million, or less, Dash in existence. And you can take that to the bank
except you are your own bank so you can just take it to yourself! To finish up today I have a few
announcements for you. First is that beloved Dash Pay Magazine has rebranded and can now be found at TheDashTimes.com Second is that two businesses are newly
accepting Dash. One is ValiantCoin.com, a silver related cryptocurrency. And the
other is a CoinConstructor.com, which is a template for launching one’s own
cryptocurrency. Third announcement is that long time
Dash community member Bill Cassidy — you may know him as Buster —
recently proposed and with the help of many members of our Slack, fully funded a
bounty to hire my manservant and myself to create a new mini series
entitled “Dash School” Watch for that in the coming weeks.
And as a final announcement Pete and I have been invited to attend
the Atlanta Bitcoin meetup which is this coming Wednesday, the 24th.
There I will speak alongside Evan Duffield and Pete will
capture it all for our later Internet enjoyment. If you’re anywhere near the
area I would be so keen to meet you and invite you to come out. It will take place
at 6:30 in the General Assembly Building on the second floor at
675 Ponce de Leon Avenue. And that does it for us. See you next Wednesday:) Today is a special group interview
episode. In fact it is five members of the Dash team answering questions that were
submitted to us by you, DASH: Detailed viewers. Without further ado enjoy. So my name is Robert Wiecko. My name is Daniel Diaz. My name is Evan Duffield. My name is Holger Schinzel. My name’s Ryan Taylor.

52 thoughts on “Is There a Maximum Coin Supply in Dash?”

  1. Just a thought—–Evan seams to be completely ethical—but his initial 10% pre-mine sticks in craws unfairly. Evan must eventually disclose fully at some announced market cap or total mined amount—such as 9 million coins. Risk investment cannot be assessed, and will hamper Dash forever.

  2. I love Amanda <3 were following her from the daily decrypt and it's great that she got the request to work for Dash!

  3. do you know anything about dash-wallet.com? That's where I have my dash account at and I tried to swap some dash for bitcoins last friday using shape shift. I've used shape shift many times in the past to swap bitcoins for ethereums before coinbase added ethereum. Anyway I sent my dash (45 of them) to shape shift last friday and it still is showing up as "processing" in my transactions on my dash-wallet site. And on the shape shift site it' is saying "awaiting deposit" That's been like 5 days ago. Is there something I did wrong? When I used shape shift to swap bitcoins for ethers it took like seconds for shape shift to get my bitcoins. I've tried emailing the support team at dash-wallet.com a few times and have yet to hear a reply. Thanks

  4. I don't understand why e-coins eventually stop creation – there's nothing wrong with inflation. How will transactions get processed if there are no block rewards as incentive?

  5. "And you can take that to the bank. Except that you are your own bank, so you can just take it to yourself" – Quote of the year!

  6. I'm always looking forward to weds so I can get my Dash info for the week along with The Dash Times, I'm all in Dash at the moment…

  7. I just found out about Dash this week. Love your Videos but I have a few Questions.
    Why is Dash better than Bitcoin?
    I can only see 6 places that accept Dash but none of them interest me. Why should I buy Dash? Is it just an investment ?

  8. oh no i think i notice a flaw in currency .the way they designed the inflation rate to decrease , absolutely everything else was so spot on. the reward for maintaining the network is decreasing exponentially oh my god. lets hope the growth in price is exponential but at some point the rate of growth will return to be in line with the natural rate of population growth at 1.1%. its all well and good to get the technical design right but if you get the monetary policy wrong you are still going to have a failed currency…… for now i do still think it is the best

  9. Second chance mate if you missed the bit-coin surge 😉 Just know that the Dash investments will be massive because there are millions of people that dont want to miss such a opportunity again.. 😉 But I might be wrong.. 🙂

  10. great episode!
    for cryptocurrency i use Changelly, recomend it for beginners! this is really the most convenient exchanger and the best affiliate program in my opinion. https://changelly.com/affiliate

  11. My concern with Dash (though I like it above others) is the amount of identifiable governance, even though I realise it's still decentralised blockchain tech — with all the public figures, public offices etc, will it not become a TPB type of setup which will become the target for a shutdown by Gov in future ? Suppose something like that does happen : Will it in any way impede/stop the process of mining etc ?

  12. So there won't be any block rewards once all the coins are mined? What would be master node's incentives to keep running like btc? Also to use dash privacy features you need to download the entire block chain no? Is there a way to use those features without downloading the whole chain?

  13. what does dash coin relate with Netleaders.com, and is dash coin already exist in the market what platform can i sell it when i am holding dash coin ?

  14. What will happened if after sometime all the supply of Dash for instance, was mined already and no new Dash coin is being created? What will be the reward of miners or masternodes will be? Are they still keep service of updating ledgers (blockchain) even if there are no new coins created? (These question may apply to all crypto-currencies). Thanks.

  15. why is the system designed to ensure that the network never drops 79 Gigahashs in mining per second? I dont think hash rate need to be fixed. Why isnt Dash designed to ensure a fixed percent of confirmed transactions per second?

  16. Dash is very confusing and not clear about its total supply. Back then 80 Mill , then 22 Mill then 18 Mill. And instamined At first. Whats next? U Will Say It just 15 Mill ? Not honest about It At first is what makes this coin cannot be top 4. As an investor i have doubt, and Will change opinion if clear.

  17. "… more on that in a moment …" This is forward reference, and it is a logical error in explanation. In two videos it happened three times already, that I could catch.
    Dash might be good. And I am planning to spend more time to understand how it works
    and what it is. I appreciate the time and effort creating and explaining dash. Thank you.

  18. @2:28 No this is not true, because supply and demand don't rely on arbitrary regulation. In this case artificial scarcity is used to manipulate supply and demand.

  19. This is weird why didn’t you show the Beginning in year 2013? they mined idk how many coins in 8 minutes and half the masternodes aren’t actual people

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