Not a XMR hater, just pointing out facts. I think the coin got good tech, but I don't see how it solves the scaling problem at all.
And the fact is, blocksize increases solve the capacity problem, at the exact same scale. Blocksize increases do not change the scale at all. Big blockers really don't like this fact, which is why they have never dared refute it. Dynamic block sizes solve block scalability. Privacy isn't free. There are trade offs. Seems people forget this when they are used to the concept of the welfare state giving them a free lunch. |
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No way Roger goes through with this deal, he would lose any power held on the core chain
Well now that he has publicly agreed to it he would lose some of his credibility if he did not go through with it. not really. easy for either side to say they didn't like the specifics. Kind of like pending sale of a house, you can back out if the inspection didn't go well. This is not a house sale. It is pretty simple specifics in the deal that is on the table. Not much to look over other than the party(s) who will be escrowing the funds. |
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Looks like the mainstream is noticing DASH .......!!!!
Stop posting bullshits on dash thread and stop trying to pay trolls like the article writer to post articles on legit websites like nasdaq or bitcoinmagazine to deceive people to think that this articles are worldwide opinions while its just some paid retards and trolls trying to bring down dash because they are afraid of monero staying behind for forever..neither bitcoinmagazine nor nasdaq is responsible for false articles being posted from trolls to play the opinion maker..all this attacking you are trying to do there is just a thin air out of a successful coin like dash which is going mainstream and people are loving it because of many beautiful concepts being brought into financial system like governance system ,masternodes and optional privacy with instant transaction being transparent in the same time !!monero is just a good coin with good private transactions which I'm not sure for how long it will be a moto to live on because i can see some really big troubles coming into table about monero which more technical guys can post as proof of monero having serious problems..You better start doing some marketing for your silly coin rather than trying to do negative marketing for other coins to just get some piece from their glory..like someone posted winners focus to win while losers focus on winners..this is exactly the situation about monero trolls attacking the dash which sooner or later will be the real digital cash rather than a shelter for criminals like monero fraudsters(check ice troll ,volyova ,and different members on monero thread which the only thing they do is hack and do fraud on darkmarket and soon will be reported to authorities for committing crimes and they will get sentenced while FBI is researching monero for hiding theft money with their privacy! LAST AND NOT LEAST STOP TROLLING AND TRYING TO FIND FACTS ABOUT INSTAMINE OR WHATEVER BULLSHITS TO EXPLAIN NOTHING BECAUSE NOBODY CARES ABOUT INSTAMINE AS THIS COIN IS GOING INTO GREAT DIRECTION INTRODUCING NEW FEAUTERS INTO FINANCIAL SYSTEM THAT NOBODY HAVE SEEN YET AND AS THE TIME GOES IS BECOMING MORE AND MORE WIDESPREAD BOTH INTO DAILY TRANSACTIONS AND WALLET BEING CREATED DAILY AND DISTRIBUTION IS BECOMING EVEN GREATER DAY BY DAY AND LETS SEE HOW MANY MASTERNODES ARE GOING TO BE THERE AFTER 5 YEARS OF THIS PROJECT AND HOW BEAUTIFULLY IT WILL BE DISTRIBUTED AMONG WORLDWIDE USERS WHICH THEY WONT HAVE TO WORRY ANYMORE ABOUT INSTAMINE !!!! BIG KISSES TO YOU TROLLEROS MORONERONS!! Please learn to use paragraphs in your postings. Oh and sorry about "paying" someone ...I think the trollero daily fund was put to good use this time eh?  |
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thanks for the link. you're a long way from home lol you came all the way here for these links. monero legendaries gettig their ass in dash thread seem to be common occurence these days. the success of one anon is the success of all, look where sdc is right now. Home? Bitcointalk is not my home nor is any particular thread. Bitcointalk is Theymos' home. Now to address this even further I'd say this place is more my home than many of the newer users here that much more recently than I have created their account much after mine, including Evan your lord and savior. |
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Been out of the XMR game for a while. Any upcoming events and potentials for a rally this year?
Yes Next event: Moonero |
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Update:
BitStamp USD/BTC OKCoin CNY/BTC Kraken EUR/BTC Kraken CAD/BTC CoinCheck JPY/BTC
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1 2017-03-06 1275.58 | 1 2017-03-06 8326.63 | 1 2017-03-03 1204.97 | 1 2017-03-04 1696.03 | 1 2017-03-03 148944.55
2 2017-03-03 1274.36 | 2 2017-03-04 8292.43 | 2 2017-03-06 1204.54 | 2 2017-03-06 1692.49 | 2 2017-03-06 148507.83
3 2017-03-04 1259.81 | 3 2017-03-03 8271.13 | 3 2017-03-04 1185.79 | 3 2017-03-05 1681.71 | 3 2017-03-04 147837.60
4 2017-03-05 1258.92 | 4 2017-03-05 8252.25 | 4 2017-03-05 1184.41 | 4 2017-03-03 1647.95 | 4 2017-03-05 147192.86
5 2017-03-02 1246.92 | 5 2017-03-02 8098.76 | 5 2017-03-02 1177.22 | 5 2017-03-07 1639.02 | 5 2017-03-02 145445.49
6 2017-03-14 1245.58 | 6 2017-03-07 8012.99 | 6 2017-03-07 1168.24 | 6 2017-03-14 1635.02 | 6 2017-03-07 145404.48
7 2017-03-07 1237.90 | 7 2017-02-28 7969.60 | 7 2017-03-14 1162.34 | 7 2017-03-02 1619.84 | 7 2017-03-14 144961.22
8 2017-03-13 1235.25 | 8 2017-03-01 7966.18 | 8 2017-03-13 1146.78 | 8 2017-03-12 1590.72 | 8 2017-03-13 144493.73
9 2017-03-01 1210.05 | 9 2017-03-13 7961.83 | 9 2017-03-01 1143.89 | 9 2017-03-08 1587.84 | 9 2017-03-12 141316.47
10 2017-03-12 1208.74 | 10 2017-03-14 7941.28 | 10 2017-03-12 1131.44 | 10 2017-03-01 1585.51 | 10 2017-03-01 140647.88
11 2017-02-28 1192.35 | 11 2017-01-04 7930.09 | 11 2017-02-28 1120.27 | 11 2017-03-09 1576.31 | 11 2017-03-10 139612.61
12 2017-02-27 1187.58 | 12 2017-02-27 7924.76 | 12 2017-03-08 1118.76 | 12 2017-02-28 1559.68 | 12 2017-03-08 139417.27
13 2017-03-08 1187.03 | 13 2017-02-24 7885.10 | 13 2017-02-27 1117.60 | 13 2017-03-10 1552.00 | 13 2017-03-11 138498.63
14 2017-03-09 1178.33 | 14 2017-03-12 7879.01 | 14 2017-02-24 1113.01 | 14 2017-03-13 1546.95 | 14 2017-03-09 138000.46
15 2017-02-24 1174.77 | 15 2017-03-08 7818.89 | 15 2017-03-09 1111.18 | 15 2017-03-11 1546.24 | 15 2017-02-28 137761.07
16 2017-02-26 1167.15 | 16 2017-03-10 7784.76 | 16 2017-03-10 1107.14 | 16 2017-02-27 1495.83 | 16 2017-02-24 135923.92
17 2017-03-11 1160.95 | 17 2017-02-25 7771.73 | 17 2017-02-26 1101.62 | 17 2017-02-23 1480.83 | 17 2017-02-27 135030.14
18 2017-03-10 1160.23 | 18 2017-03-11 7766.34 | 18 2017-02-25 1094.56 | 18 2017-02-22 1462.33 | 18 2017-01-05 134130.07
19 2017-02-25 1158.37 | 19 2017-02-26 7730.95 | 19 2017-03-11 1092.85 | 19 2017-01-04 1447.48 | 19 2017-02-26 133575.11
20 2017-02-23 1153.56 | 20 2017-03-09 7705.69 | 20 2017-02-23 1091.44 | 20 2017-02-24 1445.98 | 20 2017-02-25 132916.76
it is done R.I.P. 2013 |
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It's important to note that if the hard fork happens, core will likely have 25% or less the hash power meaning block confirmation time will likely jump to 40 minutes or more on average. It will take at least one difficulty period, possibly two, for it to get back to a difficulty level where it is at 10 minute block time and it will be susceptible to 51% attacks from the BU miners, though I hope they do not do that. It is however a very real risk and one should always be aware of possible threats.
While the block confirmation time is so long, the core fork will be particularly vulnerable to DoS attacks on its blockchain and I suspect they will happen simply because some mean people will see DoS attacks as a fun way to get rid of their core fork coins. I do not approve of such behavior but I suspect it will happen.
As such, I do not think the core fork will survive very long.
Simple fix to the delay (assuming your scenario plays out above) is to hard fork to lower the difficulty enough such that it would be around the same amount of time to adjust with the current hash power core has. Likely within core there would probably be a unanimous vote to do such a change to lower the difficulty. There obviously are more dimensions to the scenario than you've thought out. |
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Update:
BitStamp USD/BTC OKCoin CNY/BTC Kraken EUR/BTC Kraken CAD/BTC CoinCheck JPY/BTC
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1 2017-03-06 1275.58 | 1 2017-03-06 8326.63 | 1 2017-03-03 1204.97 | 1 2017-03-04 1696.03 | 1 2017-03-03 148944.55
2 2017-03-03 1274.36 | 2 2017-03-04 8292.43 | 2 2017-03-06 1204.54 | 2 2017-03-06 1692.49 | 2 2017-03-06 148507.83
3 2017-03-04 1259.81 | 3 2017-03-03 8271.13 | 3 2017-03-04 1185.79 | 3 2017-03-05 1681.71 | 3 2017-03-04 147837.60
4 2017-03-05 1258.92 | 4 2017-03-05 8252.25 | 4 2017-03-05 1184.41 | 4 2017-03-03 1647.95 | 4 2017-03-05 147192.86
5 2017-03-02 1246.92 | 5 2017-03-02 8098.76 | 5 2017-03-02 1177.22 | 5 2017-03-07 1639.02 | 5 2017-03-02 145445.49
6 2017-03-07 1237.90 | 6 2017-03-07 8012.99 | 6 2017-03-07 1168.24 | 6 2017-03-02 1619.84 | 6 2017-03-07 145404.48
7 2017-03-01 1210.05 | 7 2017-02-28 7969.60 | 7 2017-03-01 1143.89 | 7 2017-03-12 1590.72 | 7 2017-03-12 141316.47
8 2017-03-12 1208.74 | 8 2017-03-01 7966.18 | 8 2017-03-12 1131.44 | 8 2017-03-08 1587.84 | 8 2017-03-01 140647.88
9 2017-02-28 1192.35 | 9 2017-01-04 7930.09 | 9 2017-02-28 1120.27 | 9 2017-03-01 1585.51 | 9 2017-03-10 139612.61
10 2017-02-27 1187.58 | 10 2017-02-27 7924.76 | 10 2017-03-08 1118.76 | 10 2017-03-09 1576.31 | 10 2017-03-08 139417.27
11 2017-03-08 1187.03 | 11 2017-02-24 7885.10 | 11 2017-02-27 1117.60 | 11 2017-02-28 1559.68 | 11 2017-03-11 138498.63
12 2017-03-09 1178.33 | 12 2017-03-12 7879.01 | 12 2017-02-24 1113.01 | 12 2017-03-10 1552.00 | 12 2017-03-09 138000.46
13 2017-02-24 1174.77 | 13 2017-03-08 7818.89 | 13 2017-03-09 1111.18 | 13 2017-03-11 1546.24 | 13 2017-02-28 137761.07
14 2017-02-26 1167.15 | 14 2017-03-10 7784.76 | 14 2017-03-10 1107.14 | 14 2017-02-27 1495.83 | 14 2017-02-24 135923.92
15 2017-03-11 1160.95 | 15 2017-02-25 7771.73 | 15 2017-02-26 1101.62 | 15 2017-02-23 1480.83 | 15 2017-02-27 135030.14
16 2017-03-10 1160.23 | 16 2017-03-11 7766.34 | 16 2017-02-25 1094.56 | 16 2017-02-22 1462.33 | 16 2017-01-05 134130.07
17 2017-02-25 1158.37 | 17 2017-02-26 7730.95 | 17 2017-03-11 1092.85 | 17 2017-01-04 1447.48 | 17 2017-02-26 133575.11
18 2017-02-23 1153.56 | 18 2017-03-09 7705.69 | 18 2017-02-23 1091.44 | 18 2017-02-24 1445.98 | 18 2017-02-25 132916.76
19 2013-11-30 1132.29 | 19 2017-02-23 7670.37 | 19 2017-02-22 1062.21 | 19 2017-02-25 1431.30 | 19 2017-02-23 132337.14
20 2017-02-22 1126.24 | 20 2017-01-05 7503.71 | 20 2017-01-04 1045.93 | 20 2017-02-26 1396.75 | 20 2017-01-04 131489.82
After tomorrow likely 2013 will be off of the top 20 list forever. Good riddance |
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If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).
Have you suggested monero to your local bankers? If so, what was the response? If not, why haven't you? I send an email to local one, not yet answer. I do not hold my breath they will start one because I asked. However, there is such a thing as repetition. The more there are people asking the more likely something is going to happen. How disappointing. And here I thought you were serious. Why send an email when you can visit your local bankers and speak with them directly....even if it is just the branch manager? Because he he neither understands, nor truly believes in Monero, he is just a speculator who has made some money off it, but is pissed off it's not still appreciating at 2,500% a year. Besides, if there was anyone worth talking to who was prepared to talk to him, would you really want him representing Monero? His posts are peppered with 'let's pump' and 'illegal uses / darknet' and 'why are we not doing what D*** is?' With friends like this....Let's hope Monero will be pumped 2500 % a year - I will be very happy if they can pump it high but I doubt it will. Perhaps you can go to your local banker and speak about Monero if you know how to do it better. I have nothing against it by all means do it.  My posts are very truthful and if it hurts someone it means the person it hurts is a crook as he cannot stand the truth that the majority of the use cases of Monero is illegal stuff and currently Monero is for the pumpers and dumpers (go and watch the charts so you will figure out what I've meant). How to do it better? Please, you just said you sent an email. Hardly any comparison of sending an email vs dragging yourself down to your local bank to do exactly what you've suggested. How should people take you seriously if you make claims and don't actually do it yourself to the best of your ability? Sending an email isn't putting much effort into your own "great ideas" Hence why I can see why kurious as well as myself have called you out on it. |
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If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).
Have you suggested monero to your local bankers? If so, what was the response? If not, why haven't you? I send an email to local one, not yet answer. I do not hold my breath they will start one because I asked. However, there is such a thing as repetition. The more there are people asking the more likely something is going to happen. How disappointing. And here I thought you were serious. Why send an email when you can visit your local bankers and speak with them directly....even if it is just the branch manager? Because he he neither understands, nor truly believes in Monero, he is just a speculator who has made some money off it, but is pissed off it's not still appreciating at 2,500% a year. Besides, if there was anyone worth talking to who was prepared to talk to him, would you really want him representing Monero? His posts are peppered with 'let's pump' and 'illegal uses / darknet' and 'why are we not doing what D*** is?' With friends like this....It is very much indeed the case based on the track record of his posting style that I would not have much confidence in them being a good source to speak on monero to newcomers. It is better to let people speak for themselves while giving them enough rope to either build a bridge or hang themselves. In this case we know the outcome of this based on what was previously written. |
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Next ETF is on march 30 , the solid X ETF.
All applications are dead in the water. None of them can do anything to address the fundamental nature of BTC that the rejection picked up on. Yep, the SEC is clearly doesn't think that Bitcoin is a viable investment due to its association with scams and money laundering. This isn't something that can just be fixed, in their minds, overnight. So then by that logic the SEC can't be associated with USD which is the currency used the most for those types of crimes. Right?  |
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If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).
Have you suggested monero to your local bankers? If so, what was the response? If not, why haven't you? I send an email to local one, not yet answer. I do not hold my breath they will start one because I asked. However, there is such a thing as repetition. The more there are people asking the more likely something is going to happen. How disappointing. And here I thought you were serious. Why send an email when you can visit your local bankers and speak with them directly....even if it is just the branch manager? |
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Pro tip: Zoom out to a time frame longer than 4 hour candles. |
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If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).
Have you suggested monero to your local bankers? If so, what was the response? If not, why haven't you? |
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ETF will be declined causing a major crash.
China announced strict supervision on Bitcoin and are lokely to shutdown exchanges in the near future.
BU bitcoin hardfork will cause big chaos within the ecosystem.
Oh i almost forgot... Bitcoin does not scale ornoffer any usable privacy!
You really wonder why it's coming down from deluded insane high prices?
I guess we will see in the future if your stance was spot on or wrong. Give it 6 months to a year to be revisited. |
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Update:
BitStamp USD/BTC OKCoin CNY/BTC Kraken EUR/BTC Kraken CAD/BTC CoinCheck JPY/BTC
----------------------- ----------------------- ----------------------- ----------------------- -----------------------
1 2017-03-06 1275.58 | 1 2017-03-06 8326.63 | 1 2017-03-03 1204.97 | 1 2017-03-04 1696.03 | 1 2017-03-03 148944.55
2 2017-03-03 1274.36 | 2 2017-03-04 8292.43 | 2 2017-03-06 1204.54 | 2 2017-03-06 1692.49 | 2 2017-03-06 148507.83
3 2017-03-04 1259.81 | 3 2017-03-03 8271.13 | 3 2017-03-04 1185.79 | 3 2017-03-05 1681.71 | 3 2017-03-04 147837.60
4 2017-03-05 1258.92 | 4 2017-03-05 8252.25 | 4 2017-03-05 1184.41 | 4 2017-03-03 1647.95 | 4 2017-03-05 147192.86
5 2017-03-02 1246.92 | 5 2017-03-02 8098.76 | 5 2017-03-02 1177.22 | 5 2017-03-02 1619.84 | 5 2017-03-02 145445.49
6 2017-03-01 1210.05 | 6 2017-02-28 7969.60 | 6 2017-03-01 1143.89 | 6 2017-03-01 1585.51 | 6 2017-03-01 140647.88
7 2017-02-28 1192.35 | 7 2017-03-01 7966.18 | 7 2017-02-28 1120.27 | 7 2017-02-28 1559.68 | 7 2017-02-28 137761.07
8 2017-02-27 1187.58 | 8 2017-01-04 7930.09 | 8 2017-02-27 1117.60 | 8 2017-02-27 1495.83 | 8 2017-02-24 135923.92
9 2017-02-24 1174.77 | 9 2017-02-27 7924.76 | 9 2017-02-24 1113.01 | 9 2017-02-23 1480.83 | 9 2017-02-27 135030.14
10 2017-02-26 1167.15 | 10 2017-02-24 7885.10 | 10 2017-02-26 1101.62 | 10 2017-02-22 1462.33 | 10 2017-01-05 134130.07
11 2017-02-25 1158.37 | 11 2017-02-25 7771.73 | 11 2017-02-25 1094.56 | 11 2017-01-04 1447.48 | 11 2017-02-26 133575.11
12 2017-02-23 1153.56 | 12 2017-02-26 7730.95 | 12 2017-02-23 1091.44 | 12 2017-02-24 1445.98 | 12 2017-02-25 132916.76
13 2013-11-30 1132.29 | 13 2017-02-23 7670.37 | 13 2017-02-22 1062.21 | 13 2017-02-25 1431.30 | 13 2017-02-23 132337.14
14 2017-02-22 1126.24 | 14 2017-01-05 7503.71 | 14 2017-01-04 1045.93 | 14 2017-02-26 1396.75 | 14 2017-01-04 131489.82
15 2013-12-04 1111.56 | 15 2017-02-22 7464.16 | 15 2017-02-21 1043.01 | 15 2017-02-21 1378.77 | 15 2017-02-22 129848.88
16 2017-02-21 1104.60 | 16 2013-11-30 7405.69 | 16 2017-02-20 1003.13 | 16 2017-01-03 1371.34 | 16 2017-02-21 126654.44
17 2017-01-04 1088.45 | 17 2017-01-03 7389.84 | 17 2017-02-18 999.75 | 17 2017-02-07 1362.32 | 17 2017-01-03 122707.19
18 2013-11-29 1065.36 | 18 2017-02-21 7376.07 | 18 2017-02-17 990.91 | 18 2017-02-08 1361.83 | 18 2013-11-30 122146.55
19 2017-02-20 1065.03 | 19 2017-02-08 7367.02 | 19 2017-02-19 989.48 | 19 2017-02-17 1360.19 | 19 2017-02-20 121947.53
20 2017-02-18 1060.53 | 20 2017-02-07 7347.40 | 20 2017-02-08 983.77 | 20 2017-02-19 1358.94 | 20 2017-01-02 121517.69
40% Jackpot. Not bad. |
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I wish I could say I had faith in Clif High's predictions but his record for accuracy leaves something to be desired. Let's hope he's right though, at least as far as Bitcoin is concerned.  I believe he states upfront that the predictions made can be wrong. There is not claim they will be right and they are not his claims, they are the product of analyzing linguistics with his software system. All he does is relay the data. |
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I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.
Masternodes are a liability. They are an attack vector for deanonymizing transactions. We should thank Saberhagen we don't have that. But I assume you like them because they reduce the liquidity of the float thereby causing swings in price to be more amplified. And the ongoing marketing "hype" is just bullshit. You seem to only be interested in Monero as a get rich quick "pump and dump" vehicle. That's fine. My priorities are different though. I do NOT want marketing "hype". When you make the price rise unnaturally you will pay for it eventually. In fact it could be argued we are paying for the dark market hype now. I would propose Dash better meets your desires for a cryptocurrency. To be honest I should have invested into Dark coin when it was cheap (a couple months ago).... I think it is too late now - I am not saying it cannot go higher but definetely it is not that much of a bargain than it was. Yes in terms of market capitalization the idea of masternodes is perfect for a crypto in the world we are living (where cryptos are merely speculation tools). Basically anything that locks coins is preventing the major dumps taking place and helps the price to increase as it is easier to pump a coin that has lowish available supply. I think people investing in Darkcoin understand basic economics. I am currently investigating coins to diversify, and I am interested in projects that have opportunity to rise in price. You know, I am not an idealist but a speculator. And nope, I have no margin positions to any directions. Woulda, coulda, shoulda,...WCS Now go start a market hype campaign with your own funds. Thanks Please do not direct the question to the funding issues..... Why not? I'm a big believer that if I want something I would rather do it myself. In the same respect I would expect someone who wants something to do the same. Because me as a funder is kinda weakness of Monero compared to Dark coin that has a set budget for the hyping and pumping. Weakness in self funding by the community that believes in a project? Dark/DASH just sacrificed network security to allow MNs to generate "mining rewards" and took that away from the miners who secure the network. Not really a good argument there. In the early stages this works but when the project goes forward and new people have entered it will not work so the funding system based on donations is pretty short sighted way of organizing it since it relies on the generosity of stingy people... Also bear in mind, if a small fish donates the projects, it is the whales that benefit the most. Based on what previous examples? Bitcoin seems to be doing just fine without having to resort to instilling a portion of the block rewards to development of market or whatever expenses. Once again not a very strong argument there. |
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As a pure speculation and investment, isn't it a good thing that the masternodes (large holders) have common interest with the smaller ones? It is not in their interest to lose wealth, rather increase it. It is very good boat for a small fish to be (assuming the small fish has been able to buy low before the hype).
I doubt Darkcoin will be 0.01 after this hype, the new bottom might be somewhere around 0.015-0.025 (depending on how high it will go during the current pump).
I have been following also the number of masternodes recently and behold, they are indeed rising in numbers. I recall just a few days ago there were exactly 4000 masternodes, now they are 4104 so 104 000 more coins have been hoarded from the weak hands.
There are several glaring issues with the concept of master nodes. 1. Currently you need ~$40,000 to operate one just on the 1000 DASH you are required to have locked up. Plus expense on hardware/software/electricity. The barrier to entry is way high. Imagine if it cost $40,000+ to run a bitcoin node or a monero node. 2. Current masternode owners with a large stake (or even exchanges that have dash) will over time gain more master nodes purely from keeping them in a "proof of ping" mode. Nothing else required. Centralization comes to mind. 40 000 usd is kinda big sum of money but definetely not impossible to own in any western country. That being said, in order to increase the number of masternodes the price cannot rise too much from here. On the other hand, does Dark coin need more Masternodes or is ~ 4000 masternodes good enough for the long haul.. Bitcoin is also centralized mainly towards the Chinese farmers - exchanges mainly operate with the "free coins" in the weak hands of speculators. To me the important question ISN'T "Is 4000 Masternodes good enough?"The important question is "how MANY different people not colluding together own masternodes out of the total amount of current masternodes?" |
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