Quote from: toknormal on Today at 03:47:43 PM

Quote from: qwizzie on Today at 01:02:28 PM

Sporks were invented by Evan Duffield in 2015

And at that time Dash was around $5-$7 or less. Masternode rewards were around $30 per month, allowing a hosting cost of, say $27 per month to be fully recompensed with a 10% margin to spare.

See ? Evan Duffield established the idea that:

#nodesAreNotACharity
#setMarginsAtParity Wink

That's why Dash was an efficient store of value back then - investor's capital went into capitalising the chain and not holiday cruises for masternodes. But as the price rose, hosting costs did not rise with them and so more of that capital should have gone into mining to keep the supply scarcity high and capitalised. Instead it didn't and masternode margins kept getting more & more bloated which is why we are now suffering from catastrophic deflation.

If you look at historic chart of DASH masternodes you can see that 4500 masternodes were established before 2017 bull run for cost of about $15000 per masternode.I did calculation how much profit one such masternode made for period 2017-2020.I took average price for every month and that masternode reward per month is 4.75 coins:

02.2017 - 4.75*24.49 = 116.33
03.2017 - 4.75*75.04 = 356.44
04.2017 - 4.75*76.95 = 365.51
05.2017 - 4.75*111.54 = 529.82
06.2017 - 4.75*157.55 = 748.39
07.2017 - 4.75*172.28 = 818.33
08.2017 - 4.75*293.48 = 1394.03
09.2017 - 4.75*310.31 = 1474
10.2017 - 4.75*292 = 1387
11.2017 - 4.75*526.33 = 2500.07
12.2017 - 4.75*1097 = 5210.75
-----------------------------------
Total 2017 = $14900.67

01.2018 - 4.75*929.5 = 4415.1
02.2018 - 4.75*563.8 = 2678.03
03.2018 - 4.75*454.23 = 2157.57
04.2018 - 4.75*413 = 1961.75
05.2018 - 4.75*403.47 = 1916.48
06.2018 - 4.75*276.24 = 1312.14
07.2018 - 4.75*245.47 = 1165.96
08.2018 - 4.75*178.17 = 846.28
09.2018 - 4.75*191.69 = 910.5
10.2018 - 4.75*169.3 = 804.15
11.2018 - 4.75*130.68 = 620.73
12.2018 - 4.75*79.7 = 378.55
------------------------------------
Total 2018 = $19167.24

01.2019 - 4.75*75.53 = 358.74
02.2019 - 4.75*79.04 = 375.42
03.2019 - 4.75*93.95 = 446.24
04.2019 - 4.75*122.1 = 579.95
05.2019 - 4.75*143.51 = 681.67
06.2019 - 4.75*163.16 = 775.01
07.2019 - 4.75*128.62 = 610.95
08.2019 - 4.75*95.48 = 453.53
09.2019 - 4.75*85.08 = 404.13
10.2019 - 4.75*69.06 = 328.01
11.2019 - 4.75*61.21 = 290.72
12.2019 - 4.75*45.99 = 218.43
-------------------------------------
Total 2019 = $5522.8

01.2020 - 4.75*92.02 = 437.1
02.2020 - 4.75*108.67 = 516.18
03.2020 - 4.75*63.14 = 299.89
04.2020 - 4.75*75.63 = 359.24
05.2020 - 4.75*75.06 = 356.51
06.2020 - 4.75*73.75 = 350.31
07.2020 - 4.75*80.54 = 382.57
08.2020 - 4.75*93.34 = 443.37
09.2020 - 4.75*76.38 = 362.78
10.2020 - 4.75*71.15 = 337.94
------------------------------
Total 2020(10 months) = $3845.89

Total 2017-2020 = $43436.6

Investment value = $15000

Pure profit = $28436.6 per 1 masternode (that is buying a lot of cruises Wink

)

or $127.96 millions for 4500 masternodes established before 2017 bull run.

So $127.96 millions of pure profit were sucked off from market by masternodes