Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
Minotaur26
on 06/02/2016, 19:02:53 UTC
But then again, if it was pre-payed that is not fair either.

 If one liquidates Dash when it was cheaper, you end up selling more Dash than you recoup later at a higher value. That is really unfair!

I think the key is to keep it in Dash and let the people take the volatility. I think we forget that for long periods of time last year Dash was in a downtrend. So for example it happened to me before that I would fund a certain initiative with X amount of Dash and then the price will go down and by the time I recover the exact same amount of Dash back the FIAT equivalent was less. So should I have gotten more Dash to match the FIAT equivalent of when I funded the DASH?  My answer was no, I am happy with getting the same amount of DASH because I am long in the project.

So I think the same applies the other way around people should get the same amount of Dash they initially agreed even if the price is going up. That creates network effects and everyone wins when the price goes up.

For example, and this is just hypothetical lets say Coinbase requires a 10K DASH payment ahead of time to integrate Dash to their service. But we decide to split it up in 6 payments not to clutter the budget space. Then when the news is announced the price of Dash rallies. Does that mean that by the 4th month we are going to start saying we should not be paying Coinbase their full 10K because the price went up?  Of course not, we need to pay our full agreement, that is how business works, and people making money with us is a good thing.  After 6 months Coinbase would be paid, we kept our word and our reputation and we have a way larger budget to work with. That is just my opinion of course, but I feel strongly about it.