Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Funny nobody answered these questions yet, so I just quote them. Maybe someone from the DASH swarm force can fabricate an answer that sounds good but doesn't make any sense...
seriously guys, I really don't understand this obsession with "masternode all time high"
Please explain me why "more masternodes" is better? Imagine the extreme: 6900 masternodes (almost all coins locked up)
Is that a good situation? It shows to the non-dashers that a maximum of 6900 people own (almost) ALL the coins. And we know that a lot of people own more than one masternode, so it's significantly less people.
It also is easy to see that "the rich will be getting richer" because people owning 1000 DASH get more DASH. Someone owning ~5 masternodes are able to get a new masternode every year, increasing their stash of DASH even more.
And then there is this huge centralization of masternodes in just a few companies, which is also a big risk for spying governments.
So please, can you explain why "more masternodes" is a good thing?
edit: I wonder if Poloniex (and other exchanges) run masternodes themselves with "excess coins". It's possible for sure. I wouldn't even count on the notion that all those masternodes are "locked up coins". If someone wants to dump some coins he already has on an exchange, some masternode(s) can go offline.
Edit: someone pointed out you need 12 masternodes in stead of 5 to get a new one every year. Ok, maybe I was wrong on that detail. But it doesn't change the conclusions I made.
Another ATH!!!
4252 Masternodes....
4252x1000 = 4,252,000 coins locked up.
Available Supply according to Coinmarketcap = 6,938,908
(61.3%) of coins are in Masternodes!
4252 Masternodes....
4252x1000 = 4,252,000 coins locked up.
Available Supply according to Coinmarketcap = 6,938,908
(61.3%) of coins are in Masternodes!
seriously guys, I really don't understand this obsession with "masternode all time high"
Please explain me why "more masternodes" is better? Imagine the extreme: 6900 masternodes (almost all coins locked up)
Is that a good situation? It shows to the non-dashers that a maximum of 6900 people own (almost) ALL the coins. And we know that a lot of people own more than one masternode, so it's significantly less people.
It also is easy to see that "the rich will be getting richer" because people owning 1000 DASH get more DASH. Someone owning ~5 masternodes are able to get a new masternode every year, increasing their stash of DASH even more.
And then there is this huge centralization of masternodes in just a few companies, which is also a big risk for spying governments.
So please, can you explain why "more masternodes" is a good thing?
edit: I wonder if Poloniex (and other exchanges) run masternodes themselves with "excess coins". It's possible for sure. I wouldn't even count on the notion that all those masternodes are "locked up coins". If someone wants to dump some coins he already has on an exchange, some masternode(s) can go offline.
Edit: someone pointed out you need 12 masternodes in stead of 5 to get a new one every year. Ok, maybe I was wrong on that detail. But it doesn't change the conclusions I made.