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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
thunderjet
on 22/11/2020, 13:53:34 UTC

Pointing to a mining profit calculator and using that in a baseless assumption that the role of masternodes is somehow that of 'zero difficulty miners' is rather pathetic

It's not pathetic and principle isn't dependent on any particular mining profitability. Once again you're groping around in the dark for random aspersions to cast on a very solid principle - the fact that the reward is split between fixed cost operators and variable cost operators.

The mining calculator is irrelevant other than for illustrative purposes. Anyone who receives a masternode reward (yourself in particular) will know it's nearly all profit in the late 90's percentage. There's no speculation about that.

Masternodes do not mine blocks and can therefore not be considered miners.

True, they don't mine blocks because they don't need to. But in economic terms they CAN be considered zero-difficulty miners because the reward is not being used for anything else. So they can be modelled as such on an equivalent basis.


Is it futile to talk with people which only goal is to defend present situation at any cost.Any meaningful discussion with them is impossible.Everything you said is assumption,everything they said is a truth by default.People which are trolling all the time, shamelessly accusing you that you are troll,not them.

So,it is obvious that present situation is not some mistake made by DASH team,but carefully constructed situation with longterm goals in the favour of one very small circle.All changes were made to support maximum wealth centralization.And it is going further in the same direction to the final big bang.

Talking that giving 50% of mined coins with 0 cost to masternode operators does not cause spiral of inflation is ridiculous beyond limits.If that was true ,every government will print money in endless quantities.

Comparing DASH with BCH,forked coin which after fork from BTC forked two more times is insult to the intelligence.

Despite it is obvious that mining of DASH is largely unprofitable for ordinary miners ,so call "defenders of DASH" keep talking that ordinary miners continue to mine it for months making huge losses in progress.Why would  ordinary miners keep mining DASH for months with obvious and big loss,they cant answer.

They are talking that DASH is one truly decentralized coin with almost perfect wealth decentralization.Fact is that 1000 DASH collateral for masternode operators is favouring investors with deep pockets.If goal was decentralization collateral would be 50 or 100 DASH.

Masternode operator monthy income is now about $425.For 5000 masternodes it is $2.125 millions per month.Masternode expenses are about $15 per month or $75000 for 5000 masternodes.Profit which goes monthly to masternode operators is 28.3x bigger than theirs expenses.Income vs expenses gives 96.5% profit margin.

Question is why DASH team gives generously 28x more money than it is really cost of maintaining DASH masternode network? No one will make such thing if it is not in its favour.It is pulling money from the coin like a giant vacuum cleaner. So call "DASH defenders" claim that it has not any profound effect on coin itself. My advice to them is to test it on themselves - to pay something 28x more than its price and see the effect on theirs budget.

Sure,it is possible to change such anomaly,but I think there are 0% will in DASH team for it.They will go in same direction as much as they can(as much as market will allow to them).

I think they are counting to piggyback on BTC and ETH rally,but this time it is different situation than it was in 2017.Then ,the rally was induced by huge number of retail investors,now institutional investors pave the way.Problem is that 99% of them are investing only in BTC and ETH.Will anyone really think they will put millions in DASH without thorough investigation and due diligence?