Here you go again, willfully, misrepresenting what DASH is when you know oh so well what a masternode is and you know it is not the same as the Bitcoin node where I can run one without having to cough up 1000 DASH currently worth about $83K USD.  Tying up that amount of capital needs some kind of reward or tangible benefit for doing so otherwise people won't do it.  The reward comes from the block.  Masternodes are bought and sold such that the network optimises the reward to balance the supply and demand.




Let's address this, because I feel I have yet to put forward the reasons for DASH's meteroric pump and subsequent collosal dump.  DASH pumped through 2016 and 2017 for the following reasons.

• A bullish crypto environment where Bitcoin and other alts were all the rage.
• Good coverage from influencers like ABJ driving interest into DASH from her Daily Decrypt days especially.
• Jerry Banfield jumping on the DASH train and discussing how masternodes generate an ever increasing revenue stream
• The Pokemon effect for Masternode ownership, if one is good, two is better and so on
• The very high at the time MN reward as high as 12% in DASH terms initially, drove investment into the coin
• Fast development, novel features, and promise of a game changer product just around the corner

Causes of the collapse are as follows.

By the way, neither list is exhaustive, but I have captured the most important elements.

• A bearish turn in Bitcoin causing a collapse in the entire ecosystem, DASH was not immune.
• Failure to deliver Evolution in what has been a shambles and disgrace in DCG and continues to be so.
• A very bottom heavy coin distribution that created an oligarchy of super rich OGs such as yourself that when they decided to take profit the cycle never ended because their cost of aquisition was nill.
• a higher emission rate than our competitors
• A no longer favourable ROI for running a masternode due to massive swell in the population size of nodes and yearly emissions reductions.

Interestingly, the plight of Ethereum was very much the same, you see Ethereum pumped to an ungodly high based on the ICO locking up ETH which was never going to be used for anything other than enriching the founders.  As this insatiable demand for ETH took hold the price sky rocketed according to the law of supply & demand.  During the bear market of 2018 the ICOs started their exit scamming, unlocking all that ETH and selling it at market and never delivering on their promises.  This drove the price of ETH under a hundred dollars and I predict ETH will go there again, you see right now we are in another mania, this time it is called DeFi, and while the scam is a little more sophisticated this time, the basics remain the same.  ETH is locked up in 100s of DeFi scams, take your pick, SUSHI, YAM, YF*, ... and this has created an ungodly demand for ETH causing the price to pop almost as high as $500.  However, the fundamentals underpinning DeFi are weak and we continue to see exit scams left, right and centre.  When all is said and done, this bubble will also unwind and return ETH back to $100 or below.  So, we have two well documented cases of how contrary to Duffield's orginal paper, Masternodes actually increase price volaility, not decrease it.  ETH was the same, Masternode, ICO, DeFi are interchangable.

As noted ETH is already on it's second run, a leader if you will and DASH has its first capital reallocation in just 8 days, care to guess at where the price will go as more and more of the network reward is shunted into operating Masternodes?