Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 16/04/2021, 01:46:15 UTC

Yes, you overstate the problem since it currently amounts to you getting about 0.03 DASH more per payout. Is this the straw that broke the camel's back?

When you're driving a race with the handbrake on, tightning that handbrake a bit more isn't the last straw, it's simply not addressing the problem.

Similarly, Dash protocol issuing even more of its supply as a free gift to be chucked onto markets at any price with impunity is not going to be the last straw, it's simply not addressing the problem.

Did DASH somehow lose mining?

It did indeed lose the economic benefits of mining from half its supply. The role of mining would to bid up the opening price of that portion of the supply as its issued from the chain. Instead we have all this stock sitting out there that can e dumped at any price and still make a profit.

Doesn't mean Dash is not a great means of payment, great functional performer and has great useability. It just means that it's not great for investing in. The mining protocol had that job - that of allowing a trustless market to set the opening price for each new block.

Remember the opening price in that regard is NOT what the masternode or miner sells their coin for. It's the price the chain ISSUES them it at.

While some in the Dash community appear to have a hard time understanding that (you're preverial 'brick wall'), the wider market does't and values our marketcap accordingly.