Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 08/07/2020, 10:17:40 UTC

Tok...I'm not sure what your agenda is.

My "agenda" is to point out that the reasoning behind the lowering of the mining block reward is faulty because it targets the wrong priority - i.e. tries to limit the amount of "Dash" that miners send to market rather than trying to limit the amount of dollar-denominated fiat they draw from the market.

They aren't the same thing because while Dash protocol can control the former the market has control of the latter.

and your proof is ..."well look at our Market cap

No - the marketcap ranking is just evidence that a lowered mining reward hasn't done anything for our ranking in 5 years compared to our mined competitors so there's no reason to expect that lowering it even further will do so.

There is no "proof" needed other than a calculator and half a brain. Masternode revenues have to be included in the overall accounting equation. Anecdotal testimony such as "I never sell my rewards and neither does quizzie" aren't a substitute for this if that's what you mean by "debunking".

god its frustrating watching you go on about this.

Well it shouldn't be if you're so confident the market will take your view and not mine. It doesn't exactly look like brimming with enthusiasm to me. In December when this proposal was first presented it got priced out, not in. Since then we've lost about 4 ranking places and today are on the verge of losing another.

Masternodes convincing themselves of their own case is one thing - the words "turkey" and "christmas" spring to mind. But dangling carrots that you value in front of the market hoping they'll re-float your bag for you may not work as well as simply giving it value for its money.