That's why it's arbitrary to only do your comparison for just today. Each crypto is in a different part of its own market cycle.
You make a great job of defending against a line of argument I'm not making.
How does any of that support the idea that a REDUCTION in the proportion of mined supply is going to improve our store of value (Given that we already have only half of what other coins do) ?
I really don't agree with your reasoning which I think is simply technical hand waving over cycles. There's no "cycle" by which our "real" ranking is somehow arguably higher than what our current markcetcap says it is.
Well, you said DASH is less competitive than some of the other POW coins because its marketcap is less than theirs and because DASH has too high masternode rewards. This connection you made of course is your opinion as there's nothing factual you've presented to prove it's not something else instead.
I said doing a market comparison only for today is arbitrary because DASH is at a different point in its market cycle than these other coins. And in fact, even so, YTD, DASH is very competitive.
I never stated that a reduction in the proportion of mined supply will improve DASH's store of value. I said the change is negligible and I don't think it will improve or hurt DASH's store of value.
I have no issue with your opinion on masternode rewards being too high. My issue is you present your opinion as fact mostly because you say so.
I also never said that DASH's marketcap should be higher than what it actually is, nor that our "real" ranking based on marketcap is somehow higher. I said that it will be higher and will recover faster and pass other POW coins like XMR in due time (2021 almost for sure)
Maybe I'm wrong... you can call me out then I guess. But even then you still only have assumptions as to why DASH might not be as competitive (even though it is so far for 2020)
I also think that 45% is way too much reward for masternodes and it made some unwanted concentracion of power. You said in one of yours previous posts,how miners during bear market even sell at lose.Yes,but 99% of them can do it for a very,very short period of time.If you take a look at DASH mining profitability you can clearly see that DASH miners is in deep loss for a long period of time(even with cheap electricity of $0.05/kWh),but it seems that it does not effect to miners too much effect on hash power.Even with price of electricity of $0.03 DASH miners will be at big loss.
Are these miners crazy and mining DASH at loss for a such long time? I dont think so.Only way to keep mining of DASH profitable during prolonged bear market is combination of very cheap electricity and possesion of masternodes in percentage which is at least equal miners percentage in hashrate.Miners can held some portion of mined coins for some time during bull market and sell them later,but during bear market they dont take chances and sell them almost at once.So in DASH case ,these miners are no regular miners at all,but big whale speculators which thanks to 45% free reward for masternodes pushed price down,deep in unprofitable zone for regular miners,removing them from market to create artificially low price for a long time,getting in possesion of extremely cheap coins from desperate investors forced to sell coins to just get away from huge losses.
Such extreme market squeeze(Dash/BTC pair fell to value very close to ATL of 0.0055 BTC for 1 DASH,which as i know not at one big and medium size coin didnt reach) is possible because present of excessive reward for masternodes.Without it ,big holders-whales will be forced to keep price enough profitable for majority of regular miners just to keep network safe.That made this unhealthy combination of speculator&miner which is holding DASH to the ground through combination of combined market/miner power.
From about May till today we saw how number of masternodes increased for about 400 - so 400.000 DASH needed for it, should be removed from market and we should see quite price rise (whole sum of sell orders on few main exchanges is about 25.000 coins).That didnt happen ,because big speculator/miners used mined coins to get additional masternodes and make theirs grip on coin network even stronger.
Technically,not just Dash,but all crypto coins,except stablecoins cant be considered as a store of value due to excessive volatility.Yes,you are right ,BTC and ETH are only coins which entered bull market. ZEC is very close,XMR also,DASH and LTC not so close.From mine experience altcons can be considered in bull phase before on 2W chart coin/BTC pair, EMA-7 and EMA-30 make confirmed cross above. Coin/USD pair 2W cross cant be considered reliable,but can be precursor of major push when 2W coin/BTC pair are closing crossing too.
For DASH/USD pair, 2W crossing is very close after 2 failed attempt in previous months.In next 2,max. 4 weeks, it will be crossed,possible with enough momentum to make DASH/BTC 2W cross too.We will see.