In a way yes.  DOGE is a payments coin and exploits many of the features DASH prides itself for such low transaction fees and quick settlement.  I am just picking it because according to you it is one of the coins that should be doing better than it apparently is, if you maintain the focus purely on Bitcoin, you reduce your sample size of mined coins to one and then we cannot know if it is true that a mined coin is a better store of value than a hybird coin such as DASH.  Tok, I think your argument is starting to show strain, you're a better man than this, come clean and state what really is behind this latest attack on a coin you once loved so much.

X Greeting.

Nonsense.  DOGE is a pure mined coin, one of which you hold to such high esteem and yet its price is languishing not unlike DASH's.  Applying your faux logic one would believe that DOGE should be gaining value rather than making an all time.  You seem to have no answer to this, instead you point again to what you purpose is DASH's faultly economic model, a diversion.  First we need to establish the truth to what you claim, that a 100% mined coin fairs better than one partially mined coin.

False.

Refer to the month chart of DOGE/BTC posted below.
https://www.tradingview.com/x/XX1z8Rf5/
This picture perfect coin, is 100% mined, been around for longer than DASH, available on all exchanges and yet is plumbing new lows on the BTC ratio.  Add to that, its S2F is better than DASH's too with an inflation rate just a smidge higher than Bitcoin.  Tok, you are a natural born fudder, please stop being deceitful and going as far as feeding the trolls to fuel your FUD filled agenda, it reflects poorly on you.

X Greeting.

Probably about $160 is my guess, with a possible wick as high as $240.  Noting that fair value is at $90 currently.

That's great, Tok.  I am happy to hear it!   

X Greeting.

It is appears as of just now the DASH network is enforcing the new protocol version on the Masternodes with the sudden enablement of 'Spork 21'

The impact will be to progressively PoSe ban non-compliant nodes in the coming hours (hunger strike).  You can watch the nodes starve on this page https://mnowatch.org/legacynodes/ that lists them all.

X Greeting.

birdonthewire is @Purpelado#3256 I would recognise that hateful rambling anywhere.  I am not sure why he is so obsessed with this coin if he hates it so much, you'd think he'd have more productive things to do.

I agree with this statement, this is how the old hands are able to dump the price back to fair value, new hands however set the price and it is those that I am looking at most closely, it seems this year $65 has proven to be an attractive enough price for them.  Next year will be interesting.

You make it sound like running a Masternode is so easy and so profitable, but that is not true.  Here are list of reasons why a masternode is not a 'zero-difficulty miner'....

• In order to run a masternode you need to purchase 1000 DASH about $77,000 kUSD currently.
• You have to run a VPS, cheapest possible is $5/month with allNodes, or $20/month if you run it yourself.
• You are exposed to currency risk, DASH has traded between $40 and $130 this year alone!
• you are exposed to oppurtunity risk, DASH has underperformed ETH and BTC this year.
• You are exposed to cuck and theft risk, BYOB comes with risks, over the past 2 years several 100 thousand DASH have been stolen.

All these risks and costs need to be factored in when considering running a masternode, this means for a lot of people running a masternode for 5.6% ROI (in DASH) per year is not a good investment.  So, how can the difficulty be zero?

The SPx36 gets you to breakeven using the calculations I provided before, that assumes miners run a full duty cycle which they do not.  Still no evidence of miners running masternodes though.

Is DASH mining profitable?  We've heard some FUD over the past several pages, let's examine the situation.
Best DASH miner https://strongu.com.cn/Home/Goods/goodsInfo/id/263.html?lang=en-us 420GH/s @ 2100W, cost of electricity?  Hard to know for sure, but miners are paying wholesale, let's try with 5c/kW/hr.  Current network difficulty and price  https://stats.masternode.me/network-report/391814  6,080.12 TH/s network hashrate, $75.74 dash/USD.  Blocktime 2.625 minutes and coinbase 1.44 DASH.  Right!  Let's get to work!

One miner is .42TH/s or 1/14476th of the nework's hashrate, so he is getting 1.44/14476 = 9.947172095e-5 DASH every 2.625 minutes, or 0.052567 DASH/day.  That is $4.13/day based on current price, his electricity costs would be $0.05kw/hr * 24hr * 2.1kw/hr = $2.52 per day


So, the summary is the miner is making $4.13 a day.
The electricity is costing him $2.52 a day.
The profit is $1.61, or 39%.

Seems that mining is profitable, that must explain why the hashrate is up.  Sure I have accounted for the CAPEX here, but getting bulk miner pricing is also hard, then there is the matter of tax write-offs on a depreciating asset, when running a business, these costs can be driven down very low.

https://imgur.com/a/O8xkllW

This was post on 26th of June, Luxor mining have since changed their position on that, but why? 
They have changed their minds, because they can see that the allocation of capital to masternodes will improve the ROI and make DASH a more desirable asset to hold and thus drive investment into the coin.  This has been proven by previous price action in the 2016-2017 bull market where there was a frenzy to accumulate masternodes and the rewards got so high that they alone were able to pay off the initial investment of early adopters like TokeNormal, Qwizze, afbitcoins and their ilk. 

I don't think DASH will ever see a powerful bull run like that again, this time they will sell the move, but it will see significant price improvements next year based on this shifting of capital to more productive avenues.

WOW!  What an exciting time to be in DASH!  Last week the miners gave us a picture perfect finish with locking in the realloc hardfork, it now gestates for a week and the first adjustment to the block reward will be made after the next Superblock pays out in 13 days time !!!! 

Not only that, but DCG have commited to flipping  the SPORK on the 17th of Nov to fork off about a 1000 legacy nodes clinging to old versions.     Once the spork is active, the network will become one again and joyous time can he had by all.  I do expect to see some selling from bears that would rather the network didn't upgrade and to that end I have put together a fantastic resource for us!

Introducing DASH Legacy Nodes from the team behind MNOWatch ! 
https://mnowatch.org/legacynodes/

This page is a list of collateral addresses belonging to masternodes that are still running an old version of the dashd daemon    We also provide the current PoSe score and address balance.  Once the SPORK is flipped, the network will start PoSe banning these nodes and we can expect them to act.  Either they upgrade, or they sell.  This page is how you can track that.

Thanks Tok for your ramblings and I see now where you have gone astray.  You assume there is some fixed 'cost' for producing a block in POW system, this is false.  Rather a miner will simply take the gamble of expending energy now (costs) on the chance of finding a block and being able to sell it for a profit later.  No one cares how much it costs them, no one cares how much they can sell it for, there is nothing in a POW coin that even says mining has to be profitable, it could just as easily be a loss maker.  The DASH coin itself changes the likelihood of a miner finding a coin dynamically by adjusting the difficultly, this flexibility should tell you there is no fixed cost for minting a block.  Your model is wrong, based on bad assumptions born out of frustration in the coin's performance you went on a search to find a reason for this and given your accounting background found the most obvious one to you.

The reality is, all we need to do is make sure there is enough money in mining such that DASH commands the majority of that hashrate, what it costs, how profitable it is or even what the raw number of hashes are is not important.  Ryan's proposal is bullish for DASH because it reallocates coins from something we have plenty of to something we would like more of (masternodes).

In fact, just from Ryan's jawboning, the masternode count has increased by over 300 nodes, as everyone with any loose DASH has scrambled to put them into working masternodes for the hope that the proposal passes and soon the additional coins will flow into it.  This has already greatly reduced sell side liquidity in the order books (Binance/Polo/Coinbase) and created an asymmetic upside risk for DASH.

Many MNOs such as myself are of the opinion the sentiment is starting to change and bull market is starting and we are heistant to sell coins, since the cost of running a MN is less than mining, MNOs can hoard coins more easily than miners.  Ryan's proposal aims to give MNs more of the share of the same block reward.  If the MNOs are feeling bullish and hold coins, the price will surely go up.  If the price goes up, it will attract the attention of the Crypto press and social media and momentum traders will jump aboard the moving gravy train.  Price will go up.

I think it is clear to everyone with money that this is bullish and that is all that matters, because so long as people believe the story they will get behind it with their hard eanered and price will improve.

At the end of the day, your issue with Ryan's proposal is that it is a pure capitalisitic move.  He is simply suggesting we better allocate capital (DASH) to align it with the goals of the network.  I am encouraged to see it is well supported and expect some version of it to pass where indeed we spend less on mining and more on Layer2 which is where the future is headed.