Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
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
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.
Except this isn't true. In 2015 you likely wouldn't need to spend more than $5/month for a cheap VPS and if you could maintain a static IP at home you could do it for less. On top of that you would get more than 5 DASH/month back then as rewards were higher and there were less masternodes. If I use the figures of 3500 masternodes and a block reward share to masternodes of 1.8 I get over 11 DASH/month. Interestingly enough, a very similar ratio to cost/reward that masternodes have now...
2015 per month: 11 DASH reward, 1 DASH cost
2020 per month: 5 DASH reward, 0.5 DASH cost
So, if your theory is so true why must you continually resort to exaggeration and in some cases blatant lying to make your point? Let's just deal with facts please and not make up figures which help bolster your already believed in conclusion. I repeat, DASH is in a very good position for the upcoming bullrun. And no, toknormal's prediction of $6 will not happen.
Anyways, on a somewhat different topic, seems like we're getting close... LTC touched below 375000 satoshis... bottom was last reached early 2017 roughly at 300000 satoshis. BTC is getting closer and closer to its previous ATH of $20K. Shortly after those 2 events, alts exploded to the upside last time. Make it of what you will, doesn't mean it will occur the same way this time... I just happen to think it's more likely than not.