Quote from: qwizzie on Today at 01:58:15 PM

Quote from: iHodler on Today at 11:35:18 AM

Quote from: thunderjet on Today at 09:18:29 AM

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Thank you for the kind and very detailed explanation! Now it all makes sense.

This move from Binance is risky in my opinion, but is their risk and as we all can see it paid off until now.

Anyway I will take off my coins from there after my lock period will end, because I saw what happened with OKEx withdrawals and the Huobi rumors. Maybe, MAYBE I will try StakeHound, but I don't trust them either, furthermore since their platform is too young.

Please be informed that taking advice from thunderjet is not recommended, simply because he does not know what he is talking about most of the time. He spread FUD about Dash being centralized, FUD about Dash market performance (without taking into account the general Altcoins market performance), totally disregards Dash traded volume and provide figures in posts that just not make any sense.

Link : https://bitcointalk.org/index.php?topic=421615.msg55490250#msg55490250

Note : you were talking about Dash Locked Savings 7.12% for 90 days and he replied to you with my info about Dash Locked Staking 17.67% for 10 days. He really does not know what he is talking about.

There is indeed a difference between Dash ROI through masternodes (5.62% annual), which in most cases* is decentralized and trustless of nature and in full control of masternode owners and ROI through Binance Locked Savings (7.12% annual, 90 days), which is part of Binance Business plan and a centralized form of exchange staking.

* There are also Dash masternodes sharing services that offer 5.62% annual, but they are often not trustless of nature.

Why Binance can provide such high staking ROI to a lot of Altcoins (not just Dash) is anyone's guess. I would guess Binance wants to attract new users and grow their exchange. As i mentioned to thunderjet, Binance also offers much higher ROI (17.67% for 10 days), but that seems to have an upper limit of (i believe) 50 Dash. Dash Locked Savings on Binance has a much higher upper limit of Dash to invest, but the drawback is a somewhat lower ROI. Also not every time duration is available all the time, through Dash Locked Savings it seems.

In the end it is up to you to determine if you can trust Binance with your Dash and to do your due diligence on them. I have not seen any signs that Binance (International Branche, not Binance USA) can not be trusted. thunderjet on the other hand is the last person i would trust.

Do you own homework and do not rely on the post of one very ill-informed person on some forum.

Iam not a fudster.Iam just trying to point on very poor economic decisions people who lead DASH did.It is so bad that DASH who could compete with ETH for a leading place among altcoins is ruined so much due to poor decisions.I will never tell the people to trust me and not to trust you.I strongly believe that people are smart enough to compare what are you taking and what Iam taking and make theirs own decisions.

Note - You are the one which does not what are you taking about or maybe you know and you are just pretending. IHodler was taking about LOCKED DASH STAKING, NOT SAVING(as you wrote) on Binance for a 7.12%.
There is even no 90 days Savings option on Binance,just for 7 days, 4.19% !!!

90 days option is only for LOCKED STAKING and I tried to show IHodler even bigger anomaly ,that huge 17.67% interest for 10 days,far bigger than it is annual ROI for masternodes is clear sign that such big interest cant be from masternode running ,but from shorting DASH:

Quote from: iHodler on Today at 07:52:02 AM

Hey gents!

I hold some DASH coins and since I don't own 1000 to run a masternode, I stake them on Binance. I wonder how can Binance pay me 7.12% interest on my coins when the ROI is around 5.6%-5.8% according to some online websites. True that I need to lock them for 90 days, but even so they pay more than they get if they are running a masternode with my coins. I know they are running a business and they need to make a profit not to lose money.
Are they privileged somehow or am I missing something else here.

Thanks!

Lets go further.

- DASH is centralized as many other coins.That means there are people which significant amount of DASH in theirs possesion which give them possibility to run coin as they want. 90% od DASH today masternodes were established before 2017 bull run.During that bull run number of masternodes fell from 4600 to approx.3800 - 600 mastenodes operators took opportunity, sold theirs coins and made more 100x (from $12 - $1500).

Why others masternode operators didnt do it and miss such fantastic opportunity to earn 100x or more on theirs investment and later rebuy coins for a fraction of price they sold coins? Who will miss such opportunity? Truth is simple - they dumped what they can,amount which market could apsorb in that moment.If there is true decentralization within masternode operators we would see massive dump and huge drop of masternodes number during pump ,not just 13%.It would be far,far greater number.

- We all see that DASH mining is hugely unprofitable for a very long time,but despite it ,hashrate didnt drop. Why? Are miners so stupid and mining so unprofitable coin for a months,ruining themselves completely? No true miner would do that,because they have no money to waste.But if you are huge masternode operator,your 50% masternode reward gives you unique opportunity to mine DASH on price which is deeply in red for ordinary miners.Huge mastenode reward gives opportunity for large masternode operator to drive out ordinary miners, take control of mining and through control of masternodes and mining take control of DASH itself.Then, it is simple to control the price,driving it so deep low for a long time,forcing other investors to sell them deeply in lose,crushing market with full force and preparing terrain for driving pump without virtually no hodlers remain.

- If there is no such huge masternode reward,big whales will have to support miners and not letting price goes down so much,make it unprofitable for miners.Otherwise coin would collapse.How much that price will be in that moment,that there is no reward for masternode operators and 100% of mined coins go to miners:

Today price of DASH is $65.On Coinwarz site you can see that DASH miner gets $0.87,while expenses are $3.60.If 100% of coins go to miners theirs reward will be 2x0.87 = $1.74. Expenses are $3.60 or 2.07x greater than reward.So break even price will be around 2.07 x $65 = $134.55

It is obvious that huge masternodes reward is making a black hole in DASH economy.Pointing on it is not FUD.Making masternode reward even bigger will just cause that black hole to grow and swallow coin completely.

FUD is what qwizzie doing - trying desperately to defend undefendable ,ignoring obvious problems,calling on few coins from the bottom of the bottom and with equally low performance,trying to convince everybody that everything is perfect - DASH is truly la la land.Problems will not disappear if you just ignore them.Such tactic can only fool new,unexperienced investors.

Iam not trying to convince anybody.Read every post,compare it and make your own research.