Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2111. (Read 9723795 times)

Then I'm clearly not "most people", otherwise w.t.f. am I doing here    

(P.S. Unlike mineral deposits in the ground, in cryptocurrencies, the 'cost of production' increases in proportion to the 'euphoria'     )

50 BTC on BTCe....munched.

100 BTC on BTCe....munched.

81.....munched.

It's panic folks.

I think most people have moved past the initial euphoria associated with the Mt. Gox pump era and now view bitcoin prices more like commodity prices … ie: trending towards the cost of production long term.

So you recommend buying BTC now at these levels ?

Damn... not good for my nerves, feeding them with even more skepticism. Instead of a "big exchange" adopting it, some small one is dumping DASH. Never a good news and, as a result, the only currency (among first 10) on https://coinmarketcap.com/#USD that is losing the value. It sucks.

The ONLY positive metrics out of all I follow is the total MN count, currently at 2663, but this raises another underlying issue I'd like to inquire about. It seems to me MN payments reward system creates even greater inequality in MN space than in the fiat world. Help me understand the math guys please:

If you have a $1,000.000.00 in fiat and I have $1,000.00 and we both invest in CD getting 5% a year you will have, compounded, in 10 years
$1,628,894.62 and I will have $1,628.89. So you still have 1000 times more than I have. Correct?

Now, I have a Masternode and Otoh has 1,000 Masternodes. (these are hypothetical numbers to make the math easier to follow) Also a thousand times more than me. But both my 1K and his 1M yield, say, 5% a year. (again, for easier math)

So now, 1,000 masternodes = 1,000,000 coins = at 5% gives 50,000 coins "interest" or another 50 Masternodes.

So now he has (compounding his profit) 1,050 MN vs. my 1 (plus 50 coins)
 
The 2nd year, his 1,050 MN gets 52500 coins to my 50. so, on the second year he has 1102 (plus 0.5 to invest with splawik) Masternodes and I still have one MN (and 100 coins as interest)

Is he now 1,100 times richer than I am or still "only" 1,000 times?


Math is a tricky thingy and I am not sure I understand it but you guys are smarter than me. What's wrong with my calculations or, if nothing, isn't that MN "compounding" can create a much wider wealth gap than it is the case in fiat? (if so, it also gives enormous voting power to only a few hands, even worse than in the corrupt political system of the fiat world...)

 

DASH client's done syncing, lottos 100% ready for use... if interested in checking it out see link in my sig ;-)

Me neither!

Thing's gonna drop again like set of car keys down a storm water drain. Might not be for a day or two but when all the BTC-e troll box LT"it's gonna moon again"C biggots stop high fiveing each other, there'll be this sudden realisation it wasn't based on anything fundamental and everyone's going to race for the exit at the same moment (just as a Chinese exchange proprietor LTC whale's dropping out of the sky to squash them).

Rotation into LTC due to increasing concern over Bitcoin hard fork to implement blocksize changes.

Very interesting observations Tok (the initial volume with no price movement in the first minute). I knew you'd come back with something worth pondering on. Thanks.

Tok. What say ye?