Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
qwizzie
on 12/03/2017, 06:50:41 UTC
Quote from: btctube on March 12, 2017, 05:37:20 AM
Quote from: ddink7 on March 11, 2017, 06:57:58 PM
Quote from: btctube on March 11, 2017, 06:51:00 PM
It seems too long to understand everything and there are some trolls just making my head spin which results me not understanding all the posts here  Huh
Why is DASH kept moving up, the last time I saw it the price was just $49, whats going on here?

Short answer: 60% of all DASH is stored in masternodes which generate an 8.5 DASH per month dividend for their owners. Most of these masternode owners are long-term holders who really enjoy getting paid a 9% annual ROI for doing nothing but running a node.

More people want to buy DASH, but these masternode owners are not being enticed to sell their holdings, meaning you have more buyers competing for very few sellers. As the price rises, maybe owners of DASH will be enticed to sell their holdings. Considering that many of us think DASH is worth way more than $70 each, it could take awhile...

We have:

a) Instant transactions
b) Privacy features
c) Governance model
d) Self-funding that allows us to spend (at present levels) several million dollars per year on our own development or on integration with other businesses, etc.

Bitcoin has none of those things. How are we not a better Bitcoin?

Network effect? Pfft. When we have a massive budget system and can fund integrations with existing Bitcoin partners, don't expect "network effect" to protect Bitcoin much longer.

Thanks. Where to I store mine to also get about 8 Dash a monthly? I've just bought some DASH maybe I'd be able to also get money. I'm all in and that was all i have left in my bank account lol. Do i need to download the wallet and put it there to receive dividends?

If you have obtained 1000 Dash i suggest you use this guide to setup a masternode : https://www.dash.org/forum/threads/taos-masternode-setup-guide-for-dummies-updated-for-12-1.2680/

If you have less then 1000 Dash or if you do not want to setup and maintain a masternode yourself, there are also other options available : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

Note : be informed that some of these hosting services are trusted services, meaning you have to place some level of trust in the people who run those services. On the other hand those people are well known and respected community members.