Quote from: CjMapope on November 01, 2019, 02:41:24 PM

Quote from: 60BTC on November 01, 2019, 01:52:02 PM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

it wont be MORE profitable, but it will be LESS volatile. DASH stays around same price, it only moves when its owners make it
DASH was created to be a long term income specifically, the dev was hired to create something that would be a long term income for the group of people tht hired him
he was wildly successful. Community was pissed of course once it was found out, but the coin wasent made for them they forget...

I'm not sure where you got your information, but it needs some correcting:

Dash lead developer was not hired to create this crypto project. Dash lead developer Evan Duffield created Xcoin --> Darkcoin --> Dash mainly as a side project (he had a fulltime paying job at the time)
together with a partner named Internet Ape, because he could not get his suggestions about privacy enhancement implemented in Bitcoin (i suspect Bitcoin developers were not ready to hard fork their Bitcoin
project to also include privacy).

Link : https://www.dash.org/forum/threads/the-birth-of-darkcoin.162/

Orginally a foundation was created early on in the hope that would get enough donations to fund developers and provide support for his project, but it turned out this was not really working so well. Evan Duffield then
came up with the brilliant idea of splitting the blockreward between miners (45%), masternodes (45%) and a decentralized budget (10%). Next step was finding a way to govern that budget in a
decentralized way, so he came up with the idea of giving voting power to masternodes.

The community fully supported this from the start, there was no pissed off community at all about the masternode concept. Dash Community members even started to develop shared masternode services,
so people could profit from masternode rewards, without each needing the full 1000 Dash collateral (they would pool that 1000 Dash together).
Dash current core development team gets their funding directly from Dash decentralized budget, as do many other Dash projects. Evan Duffield has moved on to another Dash project and is no longer
a member of the Dash Core Team.

With regards to orginal poster's question if running a Dash masternode is more profitable than HOLDLING Bitcoin :

Like any altcoin out there it can be more profitable, but then again there are also higher risks associated with it.
For me personally it was well wearth the investment, i just had to wait some time before it got profitable (i entered the market at the height of a bull market).

You do have to understand that bear and bull markets can have a dramatic effect (both negative and positive) on Dash masternode rewards in fiat, also be informed that Dash has a yearly
reduction in blockrewards of -7.1% (next one scheduled somewhere in april 2020 i think). This will effect how much Dash the miners, masternodes and the budget get through block rewards
(it diminish over time, a planned reduction to combat inflation).

Best strategy in my view is still to buy a masternode in a bear market (when the total costs are low), save up the masternode payments in a hardware wallet (Ledger / Trezor) and then pay them out
in fiat on an exchange during a bull market.

Link to a Dash Masternode Costs calculator : https://dash-news.de/dashtv/#curr=USD&value=1000