Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
You are correct, as Dash is, masternodes are paid too much... then again there is an argument for rewarding early adopters and those that risk their capital despite you disregarding it.
...an argument that has been comprehensively lost
...Platform (or whatever it may be called) is in development and may actually be released this year. Everything I read indicates that there will be a cost to use these new services so the economics of Dash will change
You mean they might cost $30 a month to host instead of $10 ?
That "economics of Dash" are simple. They work like this:
1. both miners and masternodes constitute its primary markets in that they are the first holders of newly issued supply
2. in the case of miners, they are required to effectively "purchase" their coins in that market in a competitive bid, thereby creating demand that offsets their subsequent supply to secondary (exchange) markets
3. in the case of masternodes, no such offsetting "purchase" exists (once nodecount equilibrium is established as we have now) and so they constitute net sell pressure only
None of that changes with "platform". The economics are the same and the "costs" in-cured by masternodes are still going to be symbolic only in comparison to rewards, especially if the price reaches anything significant. So we'll be stuck in the same rut as now, just with a few more bells and whistles, nothing to do with boosting store-of-value for new investors and everything to do with masternodes leeching away the marketcap chronically.