Quote from: jdmcg on August 16, 2020, 01:54:14 AM

Quote from: toknormal on August 15, 2020, 11:40:55 PM

Well it's like this: If your protocol dictates that you require to draw up to twice as much fiat from markets to keep your coin alive compared to competitors then maybe that explains why it only has a quarter to half the value that they do. So you're right it's only my opinion, but only in the same sense that if I look out the window and see a wet road, I assume it's been raining = "only my opinion" but the leading logical candidate all the same.

Trading Cycles do not remotely account for this. They operate in channels and you're being generous in even including us in the same channel as them as we long since dropped out of it.

Well, what can I say? You keep repeating the same old tired circular logic. Let me attempt to sum up your doctrine: "DASH is not competitive because of masternode rewards and because of masternode rewards DASH is not competitive."

Ok then, I'm bored of this. I'll remind you when DASH's marketcap is double that of XMR's. I also fully expect DASH to easily hit 0.03 BTC within the next year and if it can break past that will spike up to unstable values of 0.07 BTC and above.

Quote from: thunderjet on August 16, 2020, 12:32:24 AM

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 miners too much or 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.

Were LTC miners profitable? How about XMR miners? I don't think so either... DASH went thru exactly one true bull market so far. It is quite common for an asset to retrace all the way back to its starting point before starting the next cycle. If I look at XMR's chart it's not too dissimilar... it took longer in the beginning for people to pick up on this coin but basically 0.005 BTC was its starting point before the bull market and it retraced all the way back before starting its next cycle. LTC has 2 bull markets behind it, and reached a lower high the second time but perhaps the good news for it is that it reached a higher low this last bear market. Against the USD I predict all 3 coins will almost certainly reach ATH's in the coming year or so. These speculative cycles will continue to be extreme until something closer to mass adoption is achieved or a coin gradually dies and fades away.

Regarding the centralization... I think DASH needs to have trustless shared masternodes and/or savings accounts for regular DASH holders to earn (and vote) too. Not only would this help with decentralization, it would likely create a new wave of interest for DASH.

Quote from: thunderjet on August 16, 2020, 12:32:24 AM

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.

Is this just conjecture on your part or do you have hard evidence that DASH miners are setting up masternodes? Perhaps it didn't happen as you expected because exchanges like Binance are setting up masternodes with their users' coins.

Quote from: thunderjet on August 16, 2020, 12:32:24 AM

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.

Short term, crypto is not a good store of value, sure. But holders of DASH, XMR, LTC since 2014-2016 are all doing much better than if they stayed in USD. I would argue stablecoins might be the worst store of value long term but good to ride out a crypto bear market. Fiat currencies are meant to be spent as soon as possible because they consistently lose value (in fact are designed to lose value). Saving cash under your mattress is one of the worst ways to save money since at least 1970.

As long as BTC can continue its bullish trend, alts will increasingly recover. Once BTC hits it's previous ATH and hovers and stalls around there for awhile, the good alts will within months reach their own previous ATH's (USD-wise anyway). Then it will be interesting to see how high this goes. Could be a mega-bullrun if mass adoption is on the way or could be another bubble which pops with 70-90+% pullback again.

LTC miners are in good profit zone with $0.05 cost of electricity,DASH miners are at loss even with $0.03...

XMR miners are at loss,but if you look at XMR hashrate chart, it is pretty flat for a long period of time.At the other hand, DASH hashrate doubled for same period of time.Why would anybody invest in mining DASH when it is unprofitable even with $0.03 price of electricity? Nobody will waste money just like that. DASH is profitable,but only and only if you posses masternodes in equal or bigger percentage of your part in hashrate. That is a catch. Big holders whose posses a lot of masternodes due to 45-45% sharing mining reward betweeen miners and masternodes operators have a huge leverage to push price way down of pure miners profit zone,removed them for market and completely dominate mining,market supply and price of coin.Such concentracion of power is always very bad for coin.

Dash retraced far below other coins. Look at LTC and XMR you mentioned. LTC value just before 2017 pump was 0.003 BTC.During this bear market,LTC lowest price hit 0.0048 BTC,or 60% up from lowest price during last bear market.

If we look at XMR, its ATL is about 0.001 BTC. During this bear market XMR lowest price hits 0.0054 BTC which is 5.4x bigger than lowest price during last bear market.

Then DASH. Its lowest price in 2017,before bull run was 0.01 BTC.In 2016 price was also about 0.009-0.01 BTC. During this bear market it hits 0.0053 BTC,so price went 2x less,making new ATL hitting price lower than in 2015... DASH performance is not just bad,but extremely bad in comparison with other coins. What message it sends to investors ? In one thing we agree,due to low supply and unnatural unification of big holders ,masternode operators and miners,DASH is ideal toy for the most extreme pumping/dumping.

One more thing.Binance couldnt establish 400 new masternodes,because whole sum of DASH on it is about 8000 coins,enough for only 8 nodes.