Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
Pang.
on 11/07/2020, 11:14:50 UTC

Does it matter to your conclusions whether or not masternodes hold most of their earnings?

No. Because masternodes are no different from any other part of the supply. They might hold under one set of circumstances and sell under another. Dash supply is not "locked up in masternodes", it never was because no-one in their right mind would hold onto such a huge capital loss in a bear market, while in a bull market the principal attraction is capital gain, not fixed income so entire nodes will get dumped at the top of a rally. The only people that hold through both are Dash tribalists who do not represent the wider economic landscape.

Yet we currently have 4914 masternode operators that did exactly that (hold onto such a huge capital loss in a bear market). Those 4914 are also pretty close to our ATH (4969), and Dash is not even in a bull market.
Number of masternodes never reached lower then 4500 (discounting network updates causing large fluctuations) throughout this bear market. That is a lot of 'Dash tribalists' Roll Eyes
I would dare say 4,5 million Dash (46,9% of Dash circulating supply) staying long term invested despite a rampaging bearmarket, does represent a large portion of the economic landscape.
To me it indicates that there are other factors driving masternode operators. Factors that are getting overlooked or ignored in your theory.

Maybe just maybe your all-explaining theory has holes.
Holes you are never ever willing to admit exists.


Right now, this one that you present is the most important argument that Dash maintains with enormous potential.

Knowing that there are strong hands holding such a large investment, suggests that there may be interests that we do not know behind those master nodes.

When investing in venture capital years ago, one of the parameters that were very important when making decisions was knowing who the institutional ownership was, when there was a company that controlled more than 50% by renowned institutions, the investment had more sense, and if the percentage on the free float approached 80% the tranquility increased.

Knowing that more than 50% of Dash remains in the hands of people or institutions that trust the currency gives great peace of mind.

I reiterate what I always say, it is necessary to focus the budget on increasing the value of Dash, not on absurd projects without repercussion.

If someday we accept that there could be a stock of master nodes, the best thing would be for DIF to take as much control of the budget as possible.

Imagine for a moment that the distribution between nodes, miners and projects, for example, turned over 25% for the DIF, and that DIF intelligently invested those funds ... that would give Dash value!

It is a ball on the roof that is waiting to fall, but we do not know if it will fall on the court again, or if it will stay up there leaving everyone watching without being able to do anything about it.

Greetings