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 on yourself.That was first major sign of highly centralized ownership.
Only 12%? Tell me, how did you figure that? Did you actually track all the masternodes as they were taken down to be sold? How do you know they were sold at all? How do you know if they weren't just moved to a new address?
Not one investor would miss such opportunity to earn 100x? Just in this thread I see more than a few Dash hodlers who held too long and did miss the opportunity to earn 100x. I get the distinct impression that toknormal and other disgruntled masternode owners
didn't sell during the bull run and that is part of the bitterness they bring here now.
Now all the talk about which coin is more decentralized seems pointless.
Do you really think BTC is that decentralized? How many people in this world own any yet?
Simply, take a look at historic chart of DASH masternodes and you will see how much masternodes number fell during bull run.
Looking at the historical chart, I could determine that many new investors rushed in to set up masternodes. So your math is too simple.
Sure,some masternodes owners missed opportunity to sell theirs coins at 100x or more bigger price. But 88% is way too high percentage. People who invested so much money in running a large number of masternodes are not fools.
More than some missed out I believe. You continue to make conclusions based on assumptions. Why?
Most coins are more or less centralized.Problem with DASH is too much centralization which suffocates coin more and more :
Like I already asked... do you think BTC is decentralized? How many people in this world actually own some?
- 1000 coins condition for masternodes favourites big investors and inevitable led to further centralization. 50-100 coins threshold would be more appropriate if the goal was decentralization,
- 50% masternode reward is way too much for service they provide. Consequence is that large masternode operators due to such high reward got ability to eliminate ordinary miners,because 1 coin costs them 50% of what is cost for ordinary miner.That led to further centralization,making dangerous and unnatural union - big masternode owners are also the biggest miners,
- DASH mining became highly unprofitable,except if you are at the same time big masternode owner and the miner.As a response to this situation ,DASH team made decision to give even more coins to masternodes.That would make mining even more unprofitable and cause death of any POW coin.But ,in the case of DASH, mining operations are already in the hands of big masternode owners,so there is no such danger.This decision will just help them to put even more money in the pockets and make theirs grip on DASH even stronger.It is impossible that DASH team did all of that unintentionally.
To make citation from Ian Fleming Goldfinger: "Once is happenstance, twice is coincidence, the third time is enemy action."
Your whole masternodes running miners conspiracy is a bit comical. Again, what advantage does a masternode owner have to mine DASH over anyone else? Why can't a XMR miner mine DASH just as well? You're saying to control DASH? What does that even mean? Why not buy DASH on the open market or OTC for cheaper?
Historical data about masternode number shows complete correlation with dumping of some masternodes coins during bull run and rebuying after it. It cant be more obvious,but if you choose not to see than it is your choice and talking about it becomes futile.
There is no assumptions.Masternodes number fell just 12% during bull run,it is a fact. 12% owners sold coins,others 88% not. Your assumtion is that 88% are some unbeliveably stupid, crazy rich people who are so stupid not to profit when price of coins went up 100x and more? Maybe there are few of them,but overwhelming majority of people which made a lot of money are far from stupid.
I dont know if it is a conspiracy or not,but I know that DASH mining is deeply unprofitable for a long time if you are not running masternodes too. Also,all decisions by DASH team were in direction to remove ordinary miners from mining DASH and despite mining is so unprofitable ,they are continuing with decisions which will make it even more unprofitable. That is no make any sense,except if they are directly supporting system where big masternode owners take control over mining too.
What masternode owner have to mine DASH over anyone else? - Well, everything. Large masternode owner will take complete control of coin by controling masternode network and mining operations.He can mine coins below any price(50% lesser) ordinary miners can. On such way he can manipulate market with no problem,by selling coins to push price almost to 0 or to stop selling if he wants to push price up.He has not to fear what will miners do during the pump,when will they dump theirs coins or save them. He also has not to fear from pushing price too low, which can cause miners to shutdown mining and endanger network.Due to reward of 50% free coins with 0 cost and mining control,he can dump coins as long as he wants,until he sinks all other investors and miners, by pushing price to almost 0,forcing them to sell with huge losses.
- Controling masternode network,
- Controling mining operations and supply
From two things above, control of market ,price and coin itself by removing any competition and uncertainity from miners or investors side is a inevitable consequence.
That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.
Only problem is to push demand by finding enough fools to buy 0 cost coins for a price as high as possible,when the time of pump comes and dump hard on them later.That is why we have so much false positive news and false positive opinions on forums, trying to make hype as big as possible, counting on stupidity and greed of unexperienced newbies.