Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Scarcity does not come from supply but from demand....DASH went in another direction,wrongly believed that scarcity comes from supply.To make it even more "scarce",they gave masternodes huge reward to keep coins off market.We saw that this measure did not give any results.....
That misunderstanding of basics economics led DASH to its position now. Without making changes ,it will stay in that position indefinitely.
That misunderstanding of basics economics led DASH to its position now. Without making changes ,it will stay in that position indefinitely.
Indeed. What sector of primary holders is it that's paying for the primary supply ?
Miners. (Masternodes get it for free).
So it would seem appropriate economic sense to attract the former at the expense of the latter, yet we do it the other way around. We spend ever less of our budget on making our supply "expensive" and ever more of it on making our supply "cheap". That is why capital does not find this asset attractive as an investment.
In terms of the secondary market then, what are people purchasing in a mined coin ? They're basically buying hashrate by proxy.
What do they get for their capital investment with BTC, ETH, LTC, XMR, DOGE etc ? The knowledge that every single coin that gets bought was mined at great expense.
What do they get with Dash ? The knowledge that half the coins were mined at NO expense.
What is the result ?
