so the scam is slowly manifesting itself hehehe
people may not have look at the beginnings...but at present time it clearly shows how things are playing out
Why would anybody invest in mining DASH when it is unprofitable even with $0.03 price of electricity? Nobody will waste money just like that. DASH is profitable,but only and only if you posses masternodes in equal or bigger percentage of your part in hashrate. That is a catch. Big holders whose posses a lot of masternodes due to 45-45% sharing mining reward betweeen miners and masternodes operators have a huge leverage to push price way down of pure miners profit zone,removed them for market and completely dominate mining,market supply and price of coin.Such concentracion of power is always very bad for coin.
There is no miner who will put significant money into DASH masternodes in the time of bear market. They cant afford it. But big whales with a lot of money can afford it.Because of such huge mastenodes reward they can push out regular miners and take control of market,masternodes and mining operations - full control of coin which put them in such nice position to accumulate a lot of very cheap coins(which precedes every bull run) and make another pump/dump in the time they want. Something similar happens with other coins,but because there are no such hefty masternodes reward,whales are much more careful to maintain network running safely with some profit for regular miners.
Old blockreward allocation split : 45% masternodes / 45% miners / 10% budget
New blockreward allocation split : 54% masternodes / 36% miners / 10% budget
Dash Core Group will also introduce a new decision proposal within a month, that contains the following :
Blockreward reallocation split of 48% Masternodes / 32% Miners / 20% Budget.
DASH Masternodes - the perfect motive for the instamine
Why did Evan Duffield and his friends orchestrate the instamine?
Why grab many coins? change block reward schedule and reduce the total coin supply from 84 Million to 18 Million?
Masternodes are the best coin generators/miners/earners since it became online and do POS. Having them is like having a huge mining farm with minimal cost of operating.
With reduced coin supply making the instamine loot a bigger percentage of the existing coinage and will generate more coins than miners thru POS.
That was also the reason why Evan Duffield deceptively hides the concept of POS masternodes from the public before launching Xcoin and more than a month after Xcoin was launched...to accumulate coins for himself and his friends
Was the instamine really an accident? Let's take look at Evan and what he has said in the past..
check the datesthis was before Xcoin was put in the ANN section in January 18,2014.
http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-December/003964.htmlGreat, now that everything is stable, I'll be posting later about the vision of this project and milestones! Time to move on to actually implementing what I set out to do.
just to grab an idea on the accumulation phase..
wut.. no premine but you have 5k to throw?
WTB 20,000 Darkcoin for 1 BTC, PM me!
Looking to buy 10000 DRK, PM Me your offers!
----more than a month after the instamine----
remember before February 21, 2014, Evan already forked DASH from 84 Million supply to 18 Million..
clearly he is still not planning to tell the public about the masternodes in February 21, 2014 but since a guy asked him in reddit he was forced to speak about it....
why is it not important to discussion? can't get enough?
Evan has POS masternode plans but he didn't say what it was until he and his friends accumulated enough and POS the coins in Masternodes.
DASH instamine was real, it never was an accident.
NOTE:
If you are looking for numbers, here is the thread for you
Why the darkcoin/dash/dashpay instamine mattersP.S. you might want to take a look at the persons who had love at first sight of DASH and why it looks fishy for me.
DASH - Love at first sight user accounts [Looking Beyond the Hype]
