Cavet emptor: I have four Chaincoin masternodes, and I’m purchasing another right now. So, you can assume that I’m a zealot and take this with a grain of salt.
Most of you reading this know about HighOnCoins (Max). I’ve been watching his Youtube channels for a while, maybe a month. If you haven’t seen HighOnCoins, he’s a quirky Korean-American, broadcasting out of a shack on the coast in the bay area. He is really funny, and he’s not afraid to be himself. He doesn’t try to pretend anything, and he’ll do things like drink beers or whatever on Youtube without any inhibitions. So Max is not a poser; in fact, he’s the opposite.
When I started watching, Max was talking about making money trading shit-coins, and he’d usually run down a list of the pros-and-con of coins. At the time he was talking about PIVX.
So Max began to notice that coins that support the masternode concept were doing better than others. Masternode is exemplified by DASH. Max was talking about “whoring” masternode coins as a general strategy.
So, after missing a few of HighOnCoins episodes, I come back in and Max is explaining that Chaincoin is really another chance to get in on masternode-style coin. Chaincoin is unusual because a masternode costs only 1,000 CHC, so it is an opportunity for average people to afford a masternode.
After thinking about it, I really fell in love with the idea of a masternode. It is a brilliant concept that can help stabilize the price of the cryptocurrency. This is because the masternode has the ability to “lock up” coins, preventing precipitous drops that occur in a typical pump-and-dump operation. But more importantly, it opens the door for a new paradigm that Max calls pump-and-HODL, which he coins Advanced HODL Technology®.
I have been thinking about the idea of pump-and-HODL intensely for the past few days, and I’m honestly unable to shake it, because if you think about it, it make sense on so many levels. It provides a means for a whole community to become prosperous together, because pump-and-HODL is not a zero-sum game.
There is no need for anyone to lose, and there is nothing illegal about it. The Chaincoin community can work together to try to artificially decrease the available supply of coins by locking them in masternodes. This sounds illegal, like insider trading, but AFAIK there isn’t anything illegal about it.
This is kind of like the Prisoner’s Dilemma: so long as everyone works together and doesn’t act selfishly in short-term interest, everyone wins. So, a big question is this: can the Chaincoin community remain cohesive and pull this off?
Well, right now, I believe the answer is yes, and that’s why I’m scrambling to free up capital to buy more Chaincoins. The reason is not the coin technology, but the intensely cohesive behavior of the Chaincoin community, nominally led by Max.
This intense cohesion and lack of selfishness is obvious by the comments on Max’s Youtube channel. I was watching Max’s presentation yesterday after the big drop in Chaincoin price, and the outpouring of support was breathtaking. These people are true believers, they love Chaincoin and they support each other (and Max) to a degree that is very refreshing and honestly surprising. These people are tired of the selfish zero-sum game and they are dying for something different.
What this means is that there is a very large pool of smart people that have an intensity of emotions about this. They are determined to make this work, not so much because they want to be millionaires, but because they want the experiment to work. Ideologically, if this does work, that is if Chaincoin continues to gain in value, it will mean the beginning of a new era where lack of selfish behavior, where working together as a team, pushes out the old paradigm of pump-and-dump.
It means the end of the race to the bottom, where everyone is fighting each other, and ushers in a new world where we all work together for mutual prosperity. I absolutely fucking love this idea, and apparently I’m not alone.
The bottom line is this: when you see this kind of intensity, with this many people so determined, it is very dangerous to bet against it. This kind of community will continue to stick with it.
This isn’t a get-rich quick scheme, and nothing will happen overnight. It doesn’t have to. We don't have to piss ourselves if we don't get immediate gratification. We can be patient.
Max has said he won’t ever sell Chaincoin, even if it goes to one penny. I hereby make the same promise, I’m holding Chaincoin, period.
One thing that Max mentioned is a great idea: so long as you have at least one masternode, you can use the masternode profits to make more masternodes. I have four nodes now (soon five), and they’re making about two coins per day. At this rate, I can easily bring online two masternodes per year without investing any more cash. This is great, because it means that so long as you have at least one masternode, you will never be priced out of making more. The power of compound interest is at work here in a big way, but this is enormously safer than investing in stocks and bonds, because the returns are guaranteed by math, instead of stupidly relying on the responsible behavior of the Federal Reserve and Wall Street.
So this is a retirement plan: start masternodes, and re-invest the Chaincoin to make more nodes, and look forward to retirement income years in the future. So long as you are patient, this practically cannot lose. The return on investment is almost certainly better than any “normal” security, with the possible exception of investing and holding some other cryptocurrency; however, this approach doesn’t require you to be correct about guessing winners and losers.
