Quote from: toknormal on December 16, 2020, 11:09:15 PM

Quote from: Nthelight on December 16, 2020, 07:55:52 PM

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?

I would not support that. The masternode collateral level should remain high IMO, otherwise we'd just end up as a proof of stake coin which would be disastrous.

I thought you said you would support reducing the collateral if it got you the support to reduce the share of new supply that went to masternodes.

1000 DASH for collateral is extremely high. The current 6% reward is barely enough of an incentive IMO. So if you want to decrease what masternodes get you have to lower the collateral. Otherwise you will end up with far less masternodes and a far more centralized network. To me the right direction would be to make changes to double the masternode count, thus encouraging new growth and further decentralization.

The opportunity to make a lot more than 6% exists for many people who have access to 1000 DASH.

Quote from: Nthelight on Today at 03:13:16 PM

Quote from: jdmcg on Today at 06:19:14 AM

Quote from: Nthelight on December 16, 2020, 02:18:10 PM

Bitcoin broke $20,000. Lift off.

Careful... if BTC and the alts follow the previous pattern from early 2017 then we might see Bitcoin crater by 30%+ before finding support at the 21 weekly moving average. This could be anywhere between $15K and $17K I'd guess.

With this dump we could see DASH easily form a double bottom around 420000 sats or even form a new bottom as low as 380000 sats or so... (about $60 or so)

And if then DASH follows LTC's previous script from 2017 we might see DASH and other alts rocket up 7x or so as BTC recovers and re-passes the $20K mark and beyond. The bull run will have officially started for alts. This could all play out by mid Jan to early Feb.

Of course, who knows, just because the crypto market has followed much of the previous 4 year cycle, doesn't mean it won't deviate in the next 2 months...

Bitcoin is in full bull trend now without any sign that a serious correction will happen. Too many huge investment funds involved and they are all betting on the one and only. They are simply buying up every attempt to correct and they continue pumping. FOMO building in small investors.

Consequently as previously discussed, DASH/BTC is in complete reset mode. No hard support whatsoever. There is no floor at 380000 sats.

We may see 1 BTC = 1MN. :'-//

Well the reasons are always different, but the price funnily enough seems to follow very similar patterns. Relatively speaking, if BTC mimics early 2017 action, we should see BTC top out around $24K before the 30% pull back to $17Kish... And BTC almost got there, $23.8K on many exchanges and now sits back at under $23K... half decent chance it makes another run at $24K before much more pullback... I have less confidence it will succeed so soon and would not be surprised to see a double top.

Regarding DASH, very strong support at 420000 sats as DASH rebounding strongly from that level as soon as it was hit... however it remains to be seen if that can be held as support again once BTC tests the 21 weekly moving average.

I'm getting more and more convinced that human emotions are so predictable, buying high and selling low, every single time. I have a number of staking shitcoins and without fail, every time BTC pumps, I go from staking maybe once a week to multiple times a day, as it seems altcoin holders rush to dump their alts for dirt cheap to FOMO into BTC while it's clearly in need of a correction. This is not the time to buy BTC with alts but sure go ahead and do so, I'm not anyone's financial advisor.