Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 14/09/2023, 21:20:27 UTC
⭐ Merited by afbitcoins (1)

There is an open invitation to both of you to join the Incubator weekly on Monday and put forward your side of the argument, ie why this is a bad proposal.  The podcast is a paid segment, you will be able to claim a 3 Dash bounty for your time, but more importantly, you will be given a forum to explain this to the broader community and hopefully save Dash (in your eyes) from this folly.  Please contact Amanda on the Discord, or DM the DashIncubator handle on the sub reddit, or leave a comment on the youtube link and let them know you wish to appear on the show and set the matter straight.  I look forward to hearing from one of you.  Grin

What's wrong with simply acknowledging that mining is a decentralised market ? Does that really have to be explained on a podcast ?

It's why "mining" was created - to distribute the coin to "buyers" without recourse to a trusted entity such as Binance. It's also why it's called the "primary" market because it's where coins are "purchased" for the first time. The buyer purchases electricity, the electric company supplies it, the buyer then feeds that to the network as a bid and receives coin according to the level of their bid. "Dash" is not paying the electric company, the buy is because that is the currency of this primary market. You feed coin into that market at zero difficulty (i.e. masternodes receive it) and you simply circumvent that market, thereby tanking the price.

What exactly is so difficult to understand about this for certain Dash people when EVERY OTHER POW coin understands it ? Even POS people understand it because they realise that if they don't have mining they need an on-chain business model.