I have not bumped this post in a while now,
Is there any news that just pushed the price past 33 USD ? +15% +20% against BTC in a few minutes ??
Major Exchange Integration in few weeks
Dash added to General Bytes ATM Machines
Another good one to add to my collection.
This is huge and could potentially lead to purse.io, coinbase and many others integrating Dash!!! More Great news...More exchanges, ATM machines, business development, for what?
All of that will disappear thanks to the self-destructing design of DASH. It's a major design flaw that nobody has seemed to notice.
Right now there are over 4,100 masternodes. That’s more than 4,100,000 DASH locked up as collateral (over 57% of circulating supply).
Aside from the fact that this severely limits the number of DASH available for trading (and the fact that little more than 10% of total circulating supply has actually traded on the run up over the last month – a paltry figure that equates more with thinly traded OTC stocks than with major Blue Chips), it ultimately leads to a self-defeating vicious cycle into its own self-destruction.
Not only does the “interest” earned by each masternode fall with every additional masternode added to the network, the number of “shares” available for actual trading also diminishes. Once the number hits 6000, the “interest” earned will fall below 6%. With all the notoriety that DASH is currently getting, that could happen shortly. And
with 7000 masternodes “interest” would fall below 4.5% a year.
But what’s more serious is that there would only be a little over 168,000 DASH available “on the market” available for trading.Price would literally be determined by a handful of cronies playing games with each other.
Not at all a realistic price discovery model.The only “trading” in existence would be the buying of selling of masternodes, and
that would ultimately resemble something that looks more escrow structured in character, something more like real estate, and
something that looks nothing like an exchange dealing with liquid instruments like cash.
The success of the whole scheme leads to its own death in so far as highly liquid, non-manipulated exchange trading goes, and obviously the same for being a viable alternative "cash" for that matter.
(And then let me know when you find buyers for $100,000 masternodes for a cryptocurrency that trades in the dumps for lack of tradable shares, and I’ll start an escrow house for you.)
So, when are the "workarounds" and "fixes" going to start being rolled out? What’s the cap going to be for masternodes? Will you re-brand again? Perhaps "PatchWorkCoin"?