Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
jdmcg
on 25/01/2021, 05:04:12 UTC
Is DASH's economic model perfect? Nope, never said that. Can it be improved? Perhaps, but not by berating people that disagree with you.

How would you improve it?

p.s I don't remember any real debate to toknormals arguments. What I remember is lots of changing the argument, distractions moving goalposts, attacking character etc

Yes, I also remember lots of changing the argument, distractions, character attacking and really just an overall sentiment of negativity. Sometimes I guess I get caught up in emotions too and talk back.

But in any event, I'll give you the benefit of the doubt here and assume you missed anything I wrote.

Let me try to quickly summarize some of my past thoughts on toknormal's theory and even some of the possible solutions I discussed.

1- I agree there is an issue with the reward allocation but toknormal not only overstates it, the solution he provides would absolutely destroy DASH's price, as masternodes would sell faster than the market can absorb the sudden new supply
2- The reward reallocation proposal was bad because masternodes essentially voted themselves a higher reward
3- This higher reward is almost negligible. So is the lower reward the miner's will receive.
4- DASH's price performance is not proof that toknormal's theory is correct. It's circumstantial at best.  
5- DASH entered the last bull market as the new coin with no previous ATH's to break. Kind of like LINK, DOT, ATOM and several other DEFI coins this time
6- DASH's chart this time where it goes thru its first bear market vs BTC looks eerily similar to LTC's chart last time where LTC went thru its first bear market vs BTC
7- toknormal insists that the run up in DASH's price during the last bull run was because people were rushing to acquire masternodes. The masternode count vs the free DASH not tied up in masternodes is currently at a very similar ratio as it was before the start of last bull run.
8- The problem with DASH's masternode reward isn't so much that it's too high. I've maintained it's too centralized. It's too expensive for new investors to get one. Implementing shared masternodes (10 shares of 100 DASH or 5 shares of 200 DASH) would be a way to decentralize distribution further and share this reward across more investors
9- Another possible solution is to lower the collateral as Duffield actually proposed once DASH gets to $100.
10- toknormal's solution could possibly work if it was gradually phased in over time as the DASH collateral was likewise gradually reduced over time. In fact toknormal seemed to be ok with this compromise for a short time before suddenly changing his mind without much explanation.

I'm sure I missed stuff but that's more or less what I remember at the moment.

Hahah , EVERY assumption you made ( regarding me ) is - WRONG. That makes me thinking... must be right the rest...

So, what assumption are you assuming I made about you? I simply stated your posts are negative and overly focused on the price. At least that's how they come across to me.