Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 19/05/2022, 11:46:07 UTC

But let's think that the platform offers some more incentives in the style of ETH and its chain of smart contracts. It could give us an improvement in its fundamentals, and gain market capitalization.

I don't think people understand the difference between a monetary asset and a corporate one. We're not investing in shares in a technology company here. Only 2 things are of value in a monetary asset:

 • velocity
 • scarcity

That's it. Dash can have all the fancy features it wants but if it doesn't result in upwards pressure on one of those two then its price will always be low. Ether works because it has an ON-CHAIN monetary velocity generator which is that the chain itself serves as a sink for tookens spent on services. You NEED ether to use ether services.

Dash on the other hand does not work like this. It inherits bitcoins monetary model which is SCARCITY and scarcity comes from MINING because, by definition, scarcity is measured by the marginal cost of acquisition of coin from the primary supply. The more of the supply that's distributed for free rather than exposed to a bidding process, the less "scarcity" you have.

The other way to raise the price through scarcity of course is to have your coin used to pay for goods and services. But this only works if it can hold value in the first place, from the first principles of its protocol priorities. This is why Dash is failing and why the only way to recover from the chronic decay we're in is to get the mining quota right back up to something like 80%. This would at least make it viable again and the "features" would mean something.