Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
There is now a whole new generation of bitcoin whales, sitting on big profits from the Ethereum revaluation. Those profits are not doing anything at all. They are earning zip return. Nada.
I'd market it simply as a financial product
I'd market it simply as a financial product
I wouldn't say nowhere, I've put my ethereum profits into margin lending, and it's earning me a fair amount.
Although as someone with about a 1/4 stake in a pooled MN, I do agree
. Although the time it has taken me to earn 5 dash has been much longer than simply lending out BTC. I've already made enough in a month margin lending out 2BTC to buy 5dash than 2BTC in a dash MN would have made me in a month.I still don't deny that having a stake in an MN is awesome and as a former dash GPU miner (no point now since ASIC will destroy profits) I'm happy to have a constant stream of dash for the foreseeable future, but simply margin lending has given me more back than simply having a stake in a dash node. Obviously the return will be less stable since this past month there has been a substantial increase in alt trading and pumping, so effectively people selling shovels (i.e interest lending margin loans) are able to make a fair amount.
I'm not surprised toknormal's Masternode sales pitch is based on a blatant lie, which was trivial to disprove.
The reason lending BTC (and Dash) to margin traders pays more than Masternodes is simple.
Lending to margin traders is a useful service in The Real World, while Masternodes are just a pyramid scheme with crypto hype bolted on.
As to selling Masternodes as "a financial product" let's now discuss why the SEC/FinCen has thus far ignored the Dash MSB scam's plainly illegal behavior.
My vote is for "honey pot" or "too small to bother."
Any other ideas about why Evan gets away with something that would quickly land the rest of us in jail for selling unlicensed securities?