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
Lol ! Now you're making assumptions. What do you think they've been doing for the last 3 years ?
Masternode reward has ranged from $2000 per week to $50 over the last 3 years and everything in between and you're quaking in your boots at making a 30% protocol share revision that would radically address our bleeding marketcap ? Your logic defies understanding. Stop being obsessed with masternodes - this coin can go to zero with a full compliment of 5000 nodes no problem at all.
Think of miners and masternodes as 2 market stalls selling coins to the public. If one stall can afford to continuously undercut the other all the way to zero and still be at a profit what do you think is going to happen ? They'll simply erode the price chronically. How difficult can this be to understand ?
Now think, what would be the INSTANTANEOUS effect of increasing the mining share back to 80% as described in
this post ? A doubling of our mining competitively for a start. We
know this because even if it isn't promoted, much mining is simply algo-driven and we'd be doubling the reward for hashrate.
• What effect would that have ?
• Increase
competition for he primary supply
• What effect would that have ?
• Invoke a speculative
pricing in of the future value of the new supply
• What effect would that have ?
• Increase the dollar value of masternode rewards
• What effect would that have ?
• Increase demand for masternodes
• What effect would that have ?
• Start to make us competitive again
• What effect would that have ?
• Throw the chornic marketcap erosion we've experienced over the last 3 years into reverse and stabilise our store-of-value offering
We need to break the viscous circle that non-performing masternode rewards are having and this would do it. People are obsessed with the protocol share and this 45%.
Forget it. It's meaningless. The
market decides what the reward is. We need t ogive the market what it wants, not the masternodes what they
think they want.