Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 20/06/2023, 22:53:38 UTC

I have multiple masternodes.
Fu what vile admins in the Russian group in telegrams.
Didn't get a clear answer. Empty nonsense.
Got a ban for the truth
All my adequate proposals are rejected, and DCG has no ideas how to restore the price of the coin.
For 5 years, the salary invested in DASH has fallen in price by 50 times.
Over the next 5 years, the price of the DASH coin in the bear market is likely to be less than $1.

It is still a very good coin with massive potential.

That potential is being heavily throttled by one small aspect of its governance which is its Achilles heel - namely that masternode owners perceived benefit is in conflict with their actual benefit.

Their perceived benefit = how much Dash per week they receive for free from the blockchain
Their actual benefit  = how much the wider market (non Dash holders) values that benefit

Masternode holders are getting pain from the wider market because their rewards never matched their contribution to the network (the cost of hosting a node) and so the wider market tanked the value of their rewards in dollar value accordingly.

But the problem with Dash protocol is that you are required to hold 1000 Dash to obtain those rewards, so the wider market is unable to revalue Dash rewards without tanking the entire marketcap of Dash.

The way to address this issue and keep Dash alive and investable as a store of value is to (for example):

1. Decouple the reward basis from the collateral and make it dynamic so that the reward could be valued independently (by the non Dash-holding market) thereby protecting the price from the dumping of "free Dash" that was never bought in the primary market (i.e. "mined") and returning its store-of-value properties to the performance equivalent to bitcoin

2. Reducing the reward (in Dash terms) to a level commensurate with the cost of operating a masternode, thereby restricting the flow of Dash to either:

A: miners who have to "purchase" it in the primary market straight from the blockchain
B: masternodes who have to "purchase" it in the primary market by providing network services
C: secondary market buyers who have to "purchase" is from either of the primary buyers above

That is a tight model that outsiders (non Dash holders) might be interested in investing in.

However until that fact is acknowledged by Dash insiders we are headed for Page 2 and from there destination Peercoin. Rapidly plummeting to oblivion with everyone trying to get out.