Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Thanks aleix, nice to hear from you !
Nice to see you are still kicking. We need to discuss this with a big jar of beer when the end of the world is over
It wasn't a peice of junk at the time. Peercoin was a highly valued asset designed to carry "trunk" payments, i.e. large payments and had a well thought out monetary strategy. It also boasted EXACTLY the type of monetary protocol that Dash is trying to argue will improve its store of value today.
We are miles away of our competitors. Thousands of miles away from peercoin. Instant transactions, decentralized budget, etc. you know that.
True. And that's why I qualified my comparison as being with pure monetary coins. i.e. blockchains which are invested in as a monetary reserve rather than as a business. To justify large margins over cost (as MN returns do) your investment needs to be doing some useful work for somebody at least to within a reasonable margin of the return. "Service oriented" assets need to feature somewhere on this list for example.
Dash is invested in for very different reasons from the likes of ETH, XTZ et al. It's as different as investing in silver on the one hand and airline on shares on the other.
Dash is invested in for very different reasons from the likes of ETH, XTZ et al. It's as different as investing in silver on the one hand and airline on shares on the other.
We are working on that. That's exactly where we are heading now. Programmable silver. With devs programming in our platform we will be an airline too. Thats the league I want to play.
The more poignant question is....if a split reward that's so inconsistent with the value delivered back to the investor is so great, why have we lost so much market share ? People don't want to face this important question.
We already have this protocol adopted and it's not working as advertised. Why ? Because of simple arithmetic as I've outlined above. I like to trust numbers and the numbers say that the only way masternode margins are sustainable in Dash terms is to accept that the market will devalue them in dollar terms over the long run. (Relative to our competitors, which is why I say it ends up as loss of marketcap share).
We already have this protocol adopted and it's not working as advertised. Why ? Because of simple arithmetic as I've outlined above. I like to trust numbers and the numbers say that the only way masternode margins are sustainable in Dash terms is to accept that the market will devalue them in dollar terms over the long run. (Relative to our competitors, which is why I say it ends up as loss of marketcap share).
I undestand your point, but I think you are focusing too much effort trying to explain something that is in part irrational and unpredictible. And you need more unknowns and variables in your equation for that.
When you see the coinmarketcap you see rational individuals taking rational decisions. All I see is a mess of uninformed individuals. IOTA, which is a centralized crap like no other is number 22 in coinmarketcap. Please explain that
btw, all considerations aside, let's be sincere here, the PoW system is an unsustainable relic from the past. We need to move from that. Do we need to mantain focus, we are not the competitors of Bitcoin, we are the competitors of paypal.