Coming Soon to Dash:
COLLATERALIZED MININGMoar Ponzilicious goodness!
Now Miners must also help artificially pump demand for Dash, just for the privilege of helping secure the network.
What a great way to create a huge disincentive for anyone to contribute their hashpower.
What's next, requiring regular users who want to send or receive transactions to "lock in" a certain amount of Dash?
Oh I know, let's also require posts on the Dash Slack and Forum to "lock in" a certain amount of Dash!
Ponzify All The Things!!!
Thats not a bad idea, you'd have to buy some Dash to keep trolling us
Please do not quote the morons.
I know you mean well, but I'll quote whatever I like, cheers
Why is it so hard to have an intelligent conversation about Dash's collateralized mining feature?
Is there any particular reason you guys are trying so hard to avoid discussing it?
If collateralized mining is such a great idea, why the reluctance to engage in a conversation about it?
Why not move the discussions to other platforms outside of the Bitcoin echo chambers? The reason Dash is about to hit $20 is becaue we all have let the scam build up to this level. And it's up to us as community members to shut it down before alot of people lose alot of money...
More on the subject:
https://steemit.com/cryptocurrency/@thedashguy/warning-why-i-don-t-trust-the-price-of-dash-nor-the-community-be-careful-folks-invest-wisely-diversifyWe can do both. I'll fight the Dash scam here in the belly of the beast and others may follow suit at less carcinogenic venues.
Your post is a wake up call. We who have been fighting the Dash scam since it was small have been numbed by the years and grown callous to the implications of allowing it to metastasize into a >$100M Ponzi nearly the size of Litecoin.
This latest pump will draw in a new generation of bagholders who need to be informed of Dash's shady history, bad crypto, centralization, unworkable Proof of Ping, low bus factor, etc.
Usually an investment product such as Masternodes must by law disclose the risks involved. Despite meeting all four prongs of the Howey Test, Dash fails to disclose the significant (ie overwhelming) risks involved in attaining the high yields Masternodes provide.
Instead of responsible disclosure, Dash indulges in OneCoin and PayCoin style multi-level marketing (MLM) of blue-sky investment.
Dash follows a long line of charlatans promising something for nothing. The only difference is that instead of free energy or perpetual motion, Dash advertises Masternodes as magical money generating machines (Evan The Instaminers' golden donkey emulation software).
Dash is skin cancer. It's an ugly, unhealthy blot on the face of the crypto community. If we don't cry fraud when we see Dash's fraud then we are frauds.