Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
afbitcoins
on 08/06/2020, 12:35:51 UTC
Personally I am dismayed this  idea of taking miner share of block reward and adding it to masternode reward has come back again.

I am a masternode owner not a miner. I want my dash to be valuable.

This reallocation is a move towards proof of stake. Cheaply produced coins will be valued cheaply by the market. Proof of stake does not provide store of value. Show me the leading proof of stake coin. Tell me why I'm wrong. The more proof of stake we take the more store of value we lose. The leading proof of stake coin, the first mover. The innovator. Peercoin is so poorly valued most people probably think its dead. It is not. It boasts fast transactions, low fees. Many innovations. And yet is a terrible store of value.

Also this idea of reducing inflation. It is not correct to think that inflation of circulating coins will be less if masternode rewards are increased. This is based on a presumption (a dangerous presumption) that price will rise with the move towards proof of stake. (Which will be a move going against evidence of all other proof of stake coins). Masternode collatoral is not locked in. IF increased masternode rewards leads to cheaper Dash (I think it will) then the circulating supply of dash will inflate massively when masternodes start being sold.

It is only conjecture that miners sell and masternode owners hold the new supply of dash.. I as a masternode owner have been selling, 1 for tax reasons and 2 because I am deeply concerned about these ideas of changing the collatoral towards more proof of stake.

Dash is not overpaying miners, Dash is overpaying masternodes. (And the treasury on the whole is wasteful).

Not to mention, getting masternode owners to vote for more for themselves sounds scammy. Because it is scammy. Monero trolls will have a field day with it.