Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 19/11/2020, 22:30:25 UTC

I dismiss you premise in its entirety.

Well you occasionally pop your head up to do that.

But this isn't my "premise" and it isn't dismissible. We're not in 2014 anymore where a bitcointalk fan-narrative is enough to sustain a coin. We're now in an era of genuine institutional investment where every last aspect of a coin's store-of-value mechanics will be scrutinised.

If and when Dash gets to $1000, half the blockchain will be issued to network operators who at that point will be receiving a reward of $5460 per month for providing a service which costs them $20. Questions will therefore be asked as to why fixed-cost network operators need to have a 99.7% profit margin supported when the other half of reward recipients operates at a commercially competitive margin. Questions will also be asked as to how that huge margin benefits new investors and protects their capital.

Satisfactory answers to that question will not be forthcoming because there aren't any. Those margins are a timebomb the bigger they get.

The basis of the current protocol logic is to mitigate supply to markets of an ever more thinly cut cake when it should have been to increase the size of the cake. Mining can do that, masternode margins cannot.