Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 164. (Read 9723733 times)

If you think Dash will go for $ 40, and owning master nodes, you will sell them, and maybe $ 40 again to buy them.

This will avoid potential losses, and the cost that this entails.

Would it be better for Dash if there were only 500 master nodes based on his idea?

Isn't it a cost to lose purchasing power?

Do you consider buying a mining equipment and mining Dash more risky and expensive than buying Dash, and then paying to create a shared node?

Both the miner and the master node holder are exposed to volatility, and volatility itself comes at a cost to both.

I do not see that cost,  that you can see so clearly, but I appreciate your visions of mining and nodes, as there is always a need for a critical vision of what others consider to be good.

Thanks for them

No. It doesn't.

Opportunity cost is neither accounted for nor "chargeable" in this way. Nor are any of the other "costs" that you mention.

the cost is not really 0.

Doesn't it cost you to keep $ 70,000 that can be quickly converted into $ 60,000?

Risk being hacked, forked, a software problem appears, losing your private keys, all this cost 0?

It has the investment cost, and it has an opportunity cost.

A miner buys hardware, uses it to mine, and then sells it, or simply throws it away.

Most mining is in China, where the price of hardware is different, and electricity is very low.

I am not competitive when it comes to mining, nor my country, nor many others. But nevertheless the hashrate does not stop uploading in Dash.

It is evident that new highly efficient mining machines are being created and that they may not even be put on the market, since it is more profitable to exploit them by selling the newly mined Dash.

The price of Dash and its capitalization are broken because Dash is sold in the market, but that means that at the moment Dash is interesting to be mined, and it is very liquid to be sold.

Will Dash get interest?

This will only happen in these ways:

1- That its price increases and attracts the eyes of speculators, investors or people who stop to really read what Dash is.

2- That a real global marketing campaign be carried out, and not paying fashion influencers who only get absurd likes, or youtubers that nobody looks outside the crypto world.

I see dozens of tweets posted by the Dash media, which have barely 15 retweets ... are we kidding? Why pay for that?


  3-Uphold-style associations (it was a good thing), but with other actors (Kraken, Coinbase, commercial banks, multinationals ...)

I hope that our mothers or grandmothers can soon use Dash to go buy the bread ... that was the promise here, and for now, it's just that.

a greeting

Block Reward Reallocation Decision Proposal Status





Voting Participation : 908 votes



Voting Deadline : 10 Days

Stock buyback economics.

Let the masternodes "suck" the Dash off the market.

What happens when when we hit the next masternode "saturation level" ? Then we'll have, say 6000 nodes, all generating 1.3 coins per week = 7800 free coins being thrown at people per week at a zero cost base, ready for profit taking all the way down to zero.

We need to time our exit to perfection ?

As depressing as this might seem, almost all established cryptos are in a similar bear channel. ETH is one of the few I think that broke out of it.

And don't get confused on how all these new cryptos are jumping the ranks (like XTZ, LINK and ATOM). They are still in price discovery and in technical bull markets.

Once DASH and other cryptos like LTC and XMR break out of their respective declining channels their bull markets will take off.

Also, just as prices between these 3 contracted to similar values per coin within this bear market, I expect that to correct with DASH outpacing the other 2 in recovery (just like last bear/bull cycle).

Of course past doesn't guarantee the future but it still provides some good insights.

I understand the fear that DASH will follow PPC's path, but at this point there's little evidence for it. It's a poor comparison, DASH is still in line with LTC's growth/adoption.

Anyways, if you feel you're overexposed in established cryptos like DASH, I suggest you diversify a bit into some of these newer projects. Careful though, I suspect you'll be kicking yourself once alt season is here. As good as LINK's chart looks... it's a centralized token... so research what might actually be better 5 years out...

DASH being in a bear channel vs BTC has nothing to do with the allocation between miners and masternodes nor could it possibly have anything to do with the proposal to slightly alter this allocation...

If anything it's likely this allocation is a main factor for why DASH has a more exaggerated price increase in bull markets and a more exaggerated price decrease in bear markets.

All eyes are still on BTC at the moment and alts are just along for the ride. If BTC can secure $9400 and then shortly after that shoot past $10500, the alt market should explode. If not and BTC suffers another dump first, expect all alts to suffer a little while longer...

Now, maybe start exploring Dash Platform a little and stop focusing on the price so much.

On today's episode Amanda speaks with Ryan Taylor, Dash Core Group CEO about the decision proposal aiming to adjust the block reward allocation between miners and masternodes.

How on earth could Monero be considered a serious project for investors when so many browsers have been hijacked with Monero mining bots. Looking at just the statistic they mined over 90% mined in 2018 and estimates fully mined in around 2 years times is appalling.

What functionality does Monero actually have which can be deemed a positive over Dash - none from what I can see.

The more concerning point is, the wider market does share my view. (That the value is in the scarcity and that difficulty isn't irrelevant to scarcity as you seem to be alluding to).

Dash Next announces the exciting partnership with the TradeX ecosystem & their new sports betting platform. Through this partnership & integration, only Dash users can enjoy up to 10% additional tokens to bet on the TradeXSports app.

TW: https://twitter.com/DashinThailand/status/1283703615085928449

Ryan did a lot of linking in his proposal description (https://app.dashnexus.org/proposals/decision-proposal-block-reward-reallocation/overview).
The video presentation of his research and the proposed changes can be found here : https://www.dash.org/forum/threads/dash-economics-discussion-series.50278/
If you need more specific sources, then i suggest you ask for that in that thread.



You are certainly entitled to your own opinion. As is Toknormal. I just don't share that opinion and looking at the support that the decision proposal is getting, not a whole lot of people with a staked long term investment in Dash do.

Where did peercoin go wrong? Qwizzie, sometimes a project doesn't recover from a bear market. I've seen good projects end up worth nothing, hundreds of places down the rankings. Not dead but not really alive. Dash can fall and fall there is no divine right to recover. Many good projects will not.  If anyone is panicking at the bottom of a bear market it is Ryan and the yes voters. The problem is incorrectly framed as a circulating supply issue. It is not about that. The supply is predetermined. Like any asset all are free to circulate. We shouldn't try to influence free market that way. It never goes as planned. As tok is saying proof of work is not entirely about securing the network. Dash is ignoring well established monetary forces especially scarcity.

Where did all these Altcoins go wrong ?



It is a bit unrealistic from people to expect the price of their crypto project to just continue to rise or stay at a certain price level.
Cryptocurrencies have long term cycles, have bear markets, have corrections, have bull markets. They are cyclical of nature.

The main purpose of "hashrate" is not to secure the network. Never was and if we see that as its primary role we'll end up developing an efficiently secured network that's worthless as a monetary asset.

Why does "difficulty" as a mining property even exist ?

It exists because it's the only way to implement scarcity in a synthesised monetary asset. The more people attempt to acquire the next block the more scarce the protocol makes it, requiring more effort to mine it. The coins then pop out of the block with a pre-determined "price" attached to them which reflects the demand that prevailed at the point of mining. The "price" then goes on to characterise the evolution of the market price since every subsequent trade will incur either a gain or a loss on the previous price.

By reducing the proportion of the coin supply that's subject to this "real" form of scarcity, all you're doing is making the blockchain dysfunctional as a monetary asset.

Take the masternode reward for example. A moment's accounting shows this to be a "scarcity-free" zone in terms of cost of acquisition:

Date                  Narrative                       Amount               Balance (Dash)
*********************************************************
March 2020.       Purchase Node              +1000 Dash          1000 Dash
April   2020.       Reward                         +5 Dash               1005 Dash
May    2020.       Reward                         +5 Dash               1010 Dash
June   2020.       Reward                         +5 Dash               1015 Dash
July.   2020.       Sell Node                      -1000 Dash               15 Dash

I now have 15 Dash that were acquired at effectively zero cost and therefore no value added to the chain. Any price above zero is pure profit which is why the market (which includes holders of those rewards on the sell side) is at liberty to continually value the supply downwards as long as there are people willing to pay hard dollars for something that cost zero dollars to produce.

Scarcity does not mean "low in number". I can create a chain tomorrow that only has 10 coins in it and grows by 1 coin per year and the market can value it at zero. Scarcity - properly synthesised - means "difficult to attain" as in costly to attain. Giving coins away for nothing is simply inviting the market to value them accordingly.

Where do i find this research? Where did Ryan publish his models of masternode numbers and how adjusting reward allocation influences the curve? I have asked this before. I would like to study the research. All I have seen is handwaving arguments about reducing circulating supply

So Dash was once 10 times more valuable now back to a similar price. Where did Dash go wrong?

Something tells me a lot of Altcoins are still deep in a bear channel:



The proposed blockreward allocation change is not a direct answer to our current bear market position.
It is intended to improve Dash economics over the next 4 1/2 years. Time will tell if it works or not.

We can do nothing and then later get punished for having done nothing or we can do something and see if that works or not.
I rather prefer we do something. Something that has been researched and defined very well. Something that will get evaluated for effectiveness.

Dash versus bitcoin still deep in bear channel



45% proof of stake not enough. Lets have more proof of stake! Vote yes. More Dash. More proof of Stake. Only then will Dash be a better store of value

    

Indeed.

* More then 90% of Monero was already mined in 2018, scheduled to be fully mined in 2022 --> https://blockmanity.com/news/all-of-monero-xmr-will-be-mined-by-2022-90-already-mined/
* Botnets still rampaging their network --> https://www.welivesecurity.com/2020/04/23/eset-discovery-monero-mining-botnet-disrupted/
* Failed in their main use case, Bitcoin still the dominant cryptocurrency for criminal activities on the dark web --> https://www.rand.org/pubs/research_reports/RR4418.html
* Unsuccessful at adoption, integration and number of transactions --> https://bitinfocharts.com/comparison/transactions-xmr-dash.html#3m
* Failed at transaction spendability, their transactions are now time-locked and need a number of confirmations (10 ?) before getting even spendable
* Doing their marketing and promotion now even through hidden messages, inside Twitter hacking schemes --> https://cointelegraph.com/news/hidden-messages-found-in-transactions-to-twitter-hack-bitcoin-address



I am not surprised. It is just one new mining hashrate ATH after another. Makes no sense to give miners even more hashrate power by increasing their mining rewards, as some people keep insisting we should do.
It will not provide more decentralization to miners and it will not make our network significantly more secure then it already is. All it will do is make our circulating supply growth problem even worse.