Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
Nthelight
on 16/12/2020, 19:55:52 UTC
@toknormal.

Aside from the MINER/MN/DCG/OTHER split...

Just for discussion purposes. Can I pick your brain on the following points?

1. What do you think about the yearly -7% miner reduction scheme? Bitcoin uses a halving (-50%) scheme every 4 years and there seems to be a general consensus that it creates strong upwards pressure on the price. Some time after the halving, price seems to strongly push higher. It almost confirms that the pure PoW mining model pushes price higher as inflation decreases and mining competition increases. Also, it leads to a reduced emission rate which is significantly slower than Bitcoin and other coins. How would you assess the impact of increasing the miner reduction scheme (possibly in combination with increased miner share)?

2. How would you feel if Dash reduces the capital requirement for setting up a masternode, in the absence of protocol level shared masternodes? Clearly, this forms a high barrier to enter our service provisioning market (masternode network) and not everyone wants to use 3rd party shared masternode services (they should only do that if they are willing to take on the risk). Would you agree that reducing the capital requirement for masternodes should lead to an increased influx of investment? Seems like a no brainer to be honest if we want to see more "investment" into masternodes. With people like birdonthewire going mental about not being able to enter the 'centralized scam' masternode network, I think it would be time to consider it. I believe there is also no longer any technical constraint to manage a much larger masternode list (since DIP003), but the devs would need to confirm that again.

3. What do you think about the previously discussed idea to move the decimal backwards which would lower price per coin with a factor 100 for example? So if 1 Dash equals $100, it would become 100 Dash equals $100 or 1 Dash equals $1. It is not my personal preference, but during the 2017 pump to +$1500 it became quite clear that it provides a psychological barrier for potential investors who really want to own full units and simply don't understand the relation of our price with our extremely scarce supply. We simply don't have the recognition that Bitcoin has and some people erroneously feel like the price is high without understanding the mechanism behind it. Price is actually very cheap, given our total supply is going to be one of the lowest of the entire crypto space, but new investors don't see or understand it.