I am still waiting on your evidence. I guess it is just easy to dismiss charts showing hard evidence that Dash wealth distribution is decentralized and not provide any evidence of centralization yourself.
Foolish behavior if you ask me. Specially if you keep emphasizing that Dash wealth distribution is centralized and the direct cause for Dash price being 'mercilessly trashed to oblivion', as you so eloquently put it.
By the way : do you still think Dash price is getting 'mercilessly trashed to oblivion' ? That most likely means you are not invested in Dash .. correct ?
After all why invest in a coin, you claim gets 'mercilessly trashed to oblivion' due to 'centralized' coin wealth distribution ?
It sure makes you come across as very Anti-Dash. Referencing some vague baseless unsubstantiated Dash exit scam, is not helping with that Anti-Dash impression either.
To thunderjet :
* Are you still convinced there are only 8,000-10,000 Dash circulating on Binance in total ?
Source :
https://bitcointalk.org/index.php?topic=421615.msg55105180#msg55105180* Do you still think that there is not enough demand and that Dash chances to attract significant external capital is quite low ?
market is quite shallow and there is no enough demand - Buy orders to apsorb even a moderate dump.
Chances to attract needed significant external capital after such poor performance and with tougher competition is quite low.
* Do you plan to keep spreading obvious lies about Dash wealth distribution being centralized somehow ?
DASH wealth distribution is heavily concentrated
As i showed in my previous post Dash is very decentralized in its wealth distribution, almost twice as decentralized as Litecoin. This is directly supported by blockchain data (hard evidence).
Dash wealth distribution has a relatively low percentage concentrated in the top 10, top 100, top 1000 addresses and very large percentage concentrated in addresses outside of all that (68,2%).
Litecoin wealth distribution has a much larger percentage concentrated in the top 10, top 100, top 1000 addresses and a much lower percentage concentrated in addresses outside of all that (34,7%).
Link :
https://bitcointalk.org/index.php?topic=421615.msg55559644#msg55559644Only trolls keep trying to spread FUD and lies about Dash somehow having a centralized wealth distribution. Are you a troll ?
If you are not a troll, then why do you continuously post these lies about Dash wealth distribution being centralized ? Talking about coin wealth distribution via number of addresses with lot of coins in it is obsolete.In the beginning of crypto market it had some sense,but today not any more.
Then how do you personally analyze coin wealth distribution and base your centralization view on it, if not through addresses ?
An analysis that should be objective and supported with data / statistics.
The more coin wealth distribution is centralized, the more it is pumped-dumped with huge amplitudes.DASH is just one of these coins. It is mercilessly trashed to oblivion,
because it is in hands of just few people
That statement of yours just sounds very subjective, without any support of data or statistics. Which is why i made my original post in the first place.
Please explain why you think Dash coin wealth distribution is centralized, when addresses (where the coins are in) in fact show the opposite for Dash. Sure exchanges will have
large cold / hot wallets, but that counts for all crypto projects and is not a reason to dismiss coin wealth distribution through addresses for open blockchains.
Not to mention the fact that 68,5% of Dash coin wealth distribution is located
outside top 10, top 100 and top 1000 addresses (with Litecoin that is only 35%).
I suspect you dismiss addresses as a means to analyze coin wealth distribution out of hand, because it clashes with your subjective view of Dash. Someone most likely stated on a forum somewhere
that Dash was centralized, which you read, agreed upon without questioning and from that point you started to associate Dash with centralization.
Please show us the evidence that Dash coin wealth distribution is centralized.
Your "evidences" are not real evidences.Distribution charts you are talking about are completely useless.It shows nothing,because people who have a lot of coins do not put them all on only one address or wallet for security reasons and to protect themselves from tracking. After 2017,major KYC and AML upgrading protocols, splitting coins on numerous addresses and wallets became a basic rule for major holders.
Do you have any real evidence,direct or indirect that major DASH holders use only one address to store DASH? No,you dont. In fact ,major DASH holders are also major masternode owners and condition about 1000 coins per masternode helped further coin splitting.
4500 masternodes were established before 2017 bull run.During it,only about 12% sold theirs coins,despite price went up more than 100x. If DASH was truly decentralized,we would see a huge selling of masternode operators coins during the pump and later slowly rebuy.Not at one investor would miss such opportunity to earn 100x, except if you are the one who pump coin and cant dump oin yourself.That was first major sign of highly centralized ownership.
Second is making economic decisions solely in favor of masternode owners,disregarding miners interests completely.Giving 50% of mined coins to masternode owners,just helped further centralization of power,because huge masternode owners got a lot of basically free coins,dumping them on market mercilessly,pushing price of coin deep in red and make it completely unprofitable for ordinary miners.
Do you really think that miners are idiots,mining deeply unprofitable DASH for months ,ruining financialy themselves? No, they are not idiots and people who are now mining DASH are not real miners but huge masternode owners.Thanks to hefty 50% reward they pushed ordinary miners from mining and took over mining,getting coins by far less price than it would be a case if 100% of mined coins go to miners.Despite obviously disastrous decision of giving 50% to masternode owners,now they are pushing for further increase of that reward.Even idiots can see that now huge economic disbalance in DASH will grow further.
Third,a deliberate decision that you need 1000 DASH to run a masternode was in favor of huge owners and coin centralization ,because owning just one masternode needs a lot of money,too many for ordinary people.
If the goal was true decentralization, condition for masternodes would be 50 to 100 DASH ,something that many people could afford.We would have a far more masternodes than today,which ROI will be in acceptable margins and one truly decentralized coin. So,as you see ,all decisions were made to make DASH centralized as much as possible,completely in favor of big holders.Yes,I think that due to a lot of free coins,huge masternode owners are mercilessly dumping coins for almost 3 years.Every price is good for them.They paid off theirs investments many times and have no reason to keep free coins they are getting.They are constantly removing liquidity from DASH,so DASH Buy orders fell almost to 0.
Is that looking like scam in progress? - Unfortunately,yes.I saw similar behaviour many times in other coins with same result. I sincerely hope so that DASH will not end like a major scam coin.Coin price is not a major problem,it is just a consequence of earlier bad economic decisons of DASH team.Empty Buy orders are something to worry about much more.One bigger order on 0.0041 BTC does not mean anything.It can be a false Buy wall or someone willing to gamble ,thinking to collect DASH on extremely low price and that DASH will not go much lower in future.
I had small investment in DASH during 2016,about 80 coins and sold them during 2017.Despite that DASH has a very good software team, due to poor economic decisions of its team I didnt reinvest money in it. I kept my eye on it ,because I thought it has potential and good technical team.
DASH made few very bad economic misses in a row,losing brilliant chance to become rival of ETH and to take over significant part in smart contracts using,which propped ETH so much.Some things can be changed and improved ,but damage is already very high and damage control unit is nowhere to be seen.