Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
Minotaur26
on 02/02/2016, 05:36:38 UTC
It was a really cool idea, that this program running on machines all over the world could make payments, etc.... and maybe someday we can actually do that, but not at this extremely deflationary moment in Dash's lifetime.  Like I said, it puts us in irreconcilable debt.  And ultimately without any funds to function.

The problem is you are assuming the price only goes up and that is not reality. We recently touched 6 USD and a contract signed at that price would be under water.

 Also some people may want to take the speculative risk and that is the only thing that motivates them to work with us. We cant have our cake and eat it too. Who is to say that the price is not going up precisely because we are making all of these investments and partnerships. In fact I firmly believe that is why we will be successful. People making money with us is a really good thing. The price going up is good for everyone it motivates our service providers to do a good job. We can't just cut people out of the upside when they contribute to our project doing well. That is just not good business. That is like not being happy that a sales representative is making a lot of commision money, if he is making money the company is making money.

Plus prices go up and down and will continue to go up and down. Very soon we will have contracts that start at a price and the price goes down and the vendor needs to take the difference that is just how it works. Judging just on the current price situation is short sighted and ignoring that our ATH is 15 USD.

Anyway, the potential upside is what motivates everyone. Also, networks are living organisms they are much more than just code. We are building a reputation in business and the Dash network should build a reputation that we keep our agreements when is in our favor and when is in favor of our service providers.

And funding wont run out because contracts have terms and those terms expire and then space opens up again. Having limits protects us from spending too much too quickly anyway it will force us to pace our investments and will ultimately give better results.



True, so creating contracts this way is pretty nuts, especially since we're in the extreme growing phase of this project.  In the end Dash will increase in value exponentially, unless it fails, and I don't think it will fail.  Still, contractors need to quote prices in set amounts.  And if they're betting on a Dash windfall, we ought to be able to bet on the opposite side.  "no, we think the price will increase, and thus, for this 10 month long contract, we want a reduction in the amount of Dash we owe you to be 3% per month, if there is a bigger rise, you win, if it drops, you lose, but if you don't want to take that risk, name your denomination in fiat and that's what we'll pay you.

Because personally, I don't like the risk, as I think Dash is already worth far more than it's trading.  I'd rather we dealt in fiat values for our contracts, with the option of being paid in Dash if they want; but at fiat prices.

I understand the way you see things but that is just not reality and ultimately not good for us.  We wont always have more leverage in the negotiation, maybe later on in the life of the currency a little more but not really for now.

Often times we will be the ones trying to get a partnership or an integration to happen so we can't just establish only terms that favor us and eliminate any upside for the people partnering with us. Neither should we want to do that.

You kind of present it as if just by waiting the Dash price will go up. The price will go up as a result of adding value and utility. And value and utility will be added from the sum of all investments and contributions everyone makes including our service providers. So if we make some contracts in Dash and everything goes well and ultimately our contractors make a lot of money that means that all the investors are making a lot of money. And that is good for everyone.

I hope that at least I was able to explain myself. That is how I think business should work but ultimately the votes will decide how we do things so there is no need to agree really as there are many valid ways to see things.