Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Your point is MOOT.
The whole discussion was about ACTUALLY OWNING a masternode. And the BARRIER to entry that DASH presents users of ACTUALLY owning a master node as opposed the non-barrier of owning any size portion of gold you want (gram, mg, etc).
You can hold gold in your possession in a tiny quantity. You can't do that with a MASTERNODE.
The barrier to entry does not apply to precious metals.
The barrier does exist with Masternodes of Dash.
If you purchase a "share" of a masternode from a 3rd party you have the following problems:
1. It is not in your possession.
2. You don't actually control it (no matter how much a 3rd party tells you that you have a say). They can vote/use it how they want.
You are attempting to prove that my statement about Toknormal's broken logic was unjustified because "people can buy into the theatrics of owning a portion of a masternode via a 3rd party centralized service".
You failed miserably to make your point sir.
Try buying any shares today without a trusted 3rd party and you'll have to deal in person only. We do not live in a decentralised world just yet. Perhaps in the future the will be some sort of option for masternodes similar to preferred stock and common stock will be possible, in which common stockholders receive voting rights in exchange for a smaller payout compared to preferred stockholders.
I'm not sure why you're talking about gold, are you trying to sell some coins?
Gold is inferior to cryptocurrencies in many ways. To list a few:
- It is divisible, but not really in a practical sense for most gold holders, shaving off a little to make a micropayment would lead to the stated weight being inaccurate - I imagine most purchases of gold are by weight and the weight of each piece usually appears somewhere on the piece, but correct me if I'm wrong.
- It is not convenient to send, certainly not in large quantities without spending quite significant amounts to ensure its arrival
- It is possible to conterfeit, for example by gold plating tungsten bars
Gold certainly has some great qualities but it is not the holy grail that every other asset should aspire to.