Dash versus bitcoin.  chartReasons to be optimistic ? |
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Block reward allocation is split into 2 main groups ( 3 if including treasury budget)
45% to the blockchain
45% to services
(10% to dev work and adverts)
The blockchain is all, without it there is nothing. Other proof of work projects like Litecoin are 100% rewards to the blockchain. They do very well without a service layer at all, as observed by their market cap. Because they don't have reward allocation to fund development of services they seek funding elsewhere outside their block rewards. There are pros and cons but the result is they have much less innovation than Dash and probably less independence. This is strange no? Why the most innovative and independent not doing as well as the ones with very little innovation? This is observable very easily. We all know this in our hearts this feels wrong.
Now we decide 45% reward has not produced a big enough service layer. So we take it away from the blockchain. Thats like taking away foundations from a house to build a bigger shed.
IMO what we need to do is give much more rewards to the blockchain. Dash have a great service layer, Dash can fund own developemnt. Dash is pretending the blockchain and proof of work is not important. The blockchain is all important. The services are nice to haves and do set dash apart. Leader of a new category. But the value of the services do not compare even slightly with the value of the blockchain itself.
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Lack of faith in the Dash Core team or in the project itself might not be the central reason, could there be ulterior motives too? Some of the negativity within the posts would not be out of place for paid competitors or even disgruntled investors (I am not saying that is what is going on here) but why so much anti-Dash sentiment in this tread? I have difficulty understanding that too. I guess it is both a lack of faith in Dash development team and an inability to cope with a severe bear market.
Bear markets do require patience and a determination to see things through, as does project development.
I assume you mean people who voice displeasure at Ryan's proposal to reallocate more of the block rewards away from miners? So far I never had a lack of faith in the dev team, they have been doing great work. But I do have a lack of faith in Ryan's direction. I can only speak for myself . I try to emphasise that Dash has fantastic technology and innovations, which lead me to Dash in the first place. I'm sure if you read all my posts you will see that written in more than one place. I am heavily invested in Dash and a masternode owner. So yes a disgruntled investor if thats how you wish to define it. I am happy with all aspects of Dash except the block allocation. I think it should reward miners more not less. Because I wish Dash to become a better store of value. I am also entitled to express my viewpoint. Particularly when I see not only a failure to see an existing problem, but then a proposal which will make that problem worse. Of course I will express displeasure when I think my investment will suffer. I am trying to protect my investement just as you are with your fighting for the proposal. I can see Ryan/your side. I just disagree with it. However I sometimes think some of the proposal backers refuse to question their belief (or entertain in any way that it could have the wrong effect). By debates on here and on discord it is obvious people are not listening @qwizzie i have been through many market cycles by now. And familiar with emotions at all stages of bubble cycles. I don't consider myself a noob. I do however fear that dash will lose market share and eventually relevance if it fails to value its miners. That is not because I am 'fearful' and the 'bottom of the bear market'. It is because I have rational reasons why dash is not performing as well as it should, when you consider all its achievement. I am convinced that Dash could and should be a top 5 coin. Certainly above litecoin and the bitcoin forks. Why isn't it? The block reward allocation explains this. Yet people won't listen. Ryan has done a good service in showing how it can be altered, and then argued for it to go the wrong way. |
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And did I miss something? DASH's hashrate is going down? Thought it just hit another ATH even after the 7% reduction we just had? Certainly you don't think this proposal being implemented will cause DASH's hashrate to go down? I mean it didn't even stall with the 7% reduction. This is not even close to as jarring as a halvening event.
Down relative to what it would have been without the incentives being decreased. Ryan's proposal has helped me realise that Dash already suffered from too much cheap supply of coin to the market. His solution aggravates it not makes it better. It's at an ATH... so down from what? Down from what it would have been? How do you demonstrate that? Well it looks ok in that sense until you consider 45% of that mined supply is effectively then given away. This is the whole point to give away less of that scarce competitively mined digital asset for free to masternodes, instead the proposal is to increase that amount. And there is a lot of room for more hashrate. Bitcoin is a whole order of magnitude higher. First mover advantage is not a guarantee of success. Peercoin was first mover of proof of stake. Where is it now? Yet the idea has persisted but the project, not so much.
But I'm not the one speaking in absolutes and making guarantees. But the Peercoin comparison again? Really? Yes Peercoin. The shining light of proof of stake. But you are right. It is going in circles. I'm getting weary of it. I've heard the argument about how miners are forced to sell, so give them less. Incentivise more dash to be locked up as collatoral. Maybe we'll get a price pump. For a while if it works. More dash for me. I'll just quietly ignore the empirical evidence of the market. Whats your prediction in terms of market cap ?
DASH has a bit of work to do but if it can first break 0.008 and hold as support and do likewise to the 0.01 BTC level all the while BTC breaks above $10500 and hold that as support then I think DASH can break it's ATH and create a new ATH in a blow off top, bubble bursting fashion, end of 2021, beginning of 2022... I assume you mean ATH in fiat not bitcoin? I don't see the same technical analysis as you do. Bitcoin broke out some time ago by the way i look at it. Dash against bitcoin showing no sign yet of breaking its years long bear channel.
Well, BTC did have a mini-bull run or fake out from about April 2019 to about September 2019, and then resumed its bear market until just recently, end of May 2020. So yes, I would agree it's in a technical bull market right now, just the beginnings, cross your fingers it's not another fake out. But I'm referring to the downtrend BTC is in against the USD since its ATH of $20K or so... hitting only lower highs since then, and most recently a double top around $10.5K on February 10 2020 and again on Jun 1 2020. So, I'm talking about BTC needing to break above $10.5K to break out of this 2+ years long trend of lower highs. Against BTC, DASH is still forming lower highs, however it seems to have started to form higher lows since end of December 2019. Still need DASH to break above 0.01 and even 0.012 I think and use that as support to confirm any kind of trend reversal. I would not be entirely surprised to see BTC's break out above $10.5K propel DASH and a host of other altcoins out of their bear markets though. Btw, DASH and LTC's chart against BTC are practically the same right now, with both fighting to break thru their 50 day moving average... Thats what makes speculation fun. Any two people can view the same chart in different ways. |
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Just having another play with the Dash USD chart. There is a more bullish view hidden away.  ChartThe one I am more interested in personally is the DashBTC chart, but anyway. Bull season will be on us sooner or later. Maybe I even forget 'the proposal' (of doom) if I get enough of a dose of euphoria. |
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Bitcoin against the US$  ChartOr maybe like this ?  ChartDash against bitcoin, losing since 2017  ChartI haven't looked at Dash versus fiat much but on a quick glance it doesn't look very bullish either yet.  ChartI don't yet see obvious signs of when the bear will end for Dash. I see it more obviously in bitcoin that it has ended. |
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When bitcoin supply is cut in half it makes bitcoin harder to mine, that reduces inflation of supply, ie less dilution of the real supply. 'real' not 'circulating' It is harder to get the bitcoin this helps further make it more scarce. When Dash cuts miner reward to give more to masternode owners the real supply hasn't been altered at all, however there are now more cheaply obtained coins hitting the market than before in effect this has made the dash less scarce than before. Scarcity is a monetary property which is very important for store of value. Also miners have more incentive in bitcoin to compete for the less bitcoin available. In dash maybe the miners give up mining and become masternode owners. More cheap coins hitting the market in the case of dash. Less hashrate too has similar effect. Less hashrate, difficulty goes down. Scarcity goes down. Ryan has forgotten about scarcity and only considers network security. To be a successful monetary crypto dash will have to conform to monetary archetypes not the other way round. Ryan seems to think dash's technology can bend monetary principles to its will.
You seem to forget this phased in shift of 10% from miners to masternodes is occurring gradually over a 5 year span where at the same time DASH inflation decreases by over 7% per year. So I restate what I already said, that is the net effect is essentially masternode rewards staying roughly the same (at least for the next 2 years, then decreasing again yearly) and miner rewards decreasing more each year until after the 5th year it's 7% reduction again like the masternode share. These 'cheap' coins, as you labelled them though, don't seem as easily obtained as you make it seem. I mean, there's not even 5000 masternodes and I don't see any evidence they've been giving them away for free. The idea that someone bothers to accumulate 1000 DASH, sets up a masternode just to dump the rewards at the bottom in a bear market is just an idea. The miner has to sell the rewards to survive. The masternode owner is likely in it longer term and will hold. If they are dumping rewards, they'll just as likely dump the collateral and hand it over to someone that will hold. How cheap really is it to obtain the masternode rewards? Can anyone do it? I don't forget that at all. Although Ryan is not scared of opening cans of worms, maybe he will persuade the community to adjust the 7% reductions next. My initial interest in crypto currency was the way the inflation was designed to decay to zero. Your capital when you attain a masternode (or a share of a masternode) is subject to capital gains or losses. But it doesn't do any work. (You spend small amount on cost of running a server, that is the only expense). It is not expensive. Those coins are cheap. It doesn't matter who hodl'd them miners or masternode owners. But a portion of the supply, 45% rising to 55% is cheaply attained. The scarcity isn't maximised in Dash like it is with most proof of work cryptos.
And did I miss something? DASH's hashrate is going down? Thought it just hit another ATH even after the 7% reduction we just had? Certainly you don't think this proposal being implemented will cause DASH's hashrate to go down? I mean it didn't even stall with the 7% reduction. This is not even close to as jarring as a halvening event.
Down relative to what it would have been without the incentives being decreased. Ryan's proposal has helped me realise that Dash already suffered from too much cheap supply of coin to the market. His solution aggravates it not makes it better. The main point I was trying to make was to the ongoing discussion about how projects such as XMR and Litecoin have much more valuable blockchains despite not having the same innovation as dash and how even with no XMR or LTC locked in collatoral they still seem to have plenty of demand in their respective markets and value in their respective blockchains
Answered already... you know, speculation, market cycles. First mover advantages and innovation keep projects in the game and after that a lot of stuff is just noise to investors. Cryptos are highly speculative still and you give way too much credit to the average investor who will over and over again buy high and sell low. Btw, DASH is a first mover in its own right. LTC and XMR are still decent enough projects and having a higher circulating supply in my opinion actually helps keep their price more stable (at least in crypto terms). DASH, less circulating supply, easier to push up in a bull market or down in a bear market. Besides speculation there are real monetary forces at play. As I have said, I believe Dash has to chime with these monetary principles in order to reach its potential and blossom with value. It cannot choose what the monetary forces will be important for it. Dash cannot throw scarcity away in favour of cheap security without then living with the consequence of it. First mover advantage is not a guarantee of success. Peercoin was first mover of proof of stake. Where is it now? Yet the idea has persisted but the project, not so much. Dash might be a survivor but I think it should be obvious that Dash with its innovations should be valued much more than it is. I think we all agree about that. Where we disagree is the method by which we improve it. Ryan goes in the exact opposite direction thinking he can manipulate the free market with bribes and incentives. But at the cost of scarcity wether he has realised this or not. Digital Scarcity from Proof of Work mining. That is where value comes from. Not from securing transactions cheap. I predict Dash will do well against fiat in the next bull market, but will continue to fall in rank against other crypto projects
Oh, so DASH not going to page 3 of coinmarketcap? DASH will have another bull market and won't end up like PPC? Let's just see what happens over the next year. I suspect it surprises both of us. Whats your prediction in terms of market cap ? Dash, as someone said in a recent post, has only been through one market cycle. This means it is not yet proved it can repeat its one boom with another. Against bitcoin dash is still deep in a bear channel which is years old. (on log scale) . The most recent spike above 0.01 seems to have been a pump and dump of dash.
Yeah, that was me and I stated clearly that DASH does need to break this resistance to enter its 2nd bull market. But, there's every indication that it will if and when BTC breaks its years old bear channel with the USD. Both coins are battling strong resistance for weeks now staying relatively stable in price. This itself is a show of strength. BTC and the entire market is gearing up for a major move. Dump to $6200 or break out to $12000+? We should find out soon. I don't see the same technical analysis as you do. Bitcoin broke out some time ago by the way i look at it. Dash against bitcoin showing no sign yet of breaking its years long bear channel. |
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Why look at indirect effects on competitiveness when you have a direct one staring you in the face ? Answer: cognitive dissonance and a blind tribal belief in the asset because that's what we're invested in. I've seen it in every single community from Blackcoin onwards. Even Cinnicoin was like this. Completely incapable of re-appraising what they were invested in any dispassionate way.
Yes its horribly familiar. Obyte was like this. Many examples.
IMO, Dash has no option but to stick hard with its original archetype which is to inherit as much of bitcoin's monetary model as possible while making it versatile and easy to use, otherwise it'll fall into the crack between stores of value and services and disappear out of the top 100.
The trouble is hardly anyone in the current community sees this archetype as important. Much more interested in 'payments' over 'store of value'. These people want Dash to be paypal not gold or bitcoin. Its a shame, missed opportunity for dash. I got into dash visualising it to be as good as bitcoin. I imagined value. For a long time I have kidded myself this was still the aim. For a long time I didn't even question things that I should have like the block reward split. Looking at the charts i suspect these cryptocurrencies will be facing a long term down trend, which looks to me like whales have already initiated.
This could lead to a situation similar to what Ripple, Dash, Litecoin and other Altcoins went through 2018-2020 : 80% - 90% retraction from their ATH price. Particularly for Chainlink and Tezos.
I suspect Dogecoin to get a much higher 'Down from ATH' pretty soon anyways (somewhere in the 90% - 100% range), as that was a simple pump and dump scheme that ended up damaging their long term value (which was already on the decline). Stellar could be the exception, it is still pretty high with its 'Down from ATH %'.
This just shows that cryptocurrencies have their own cycle at which they expand and retract in both price and marketcap. Some of these cryptocurrencies that were doing so well during
this long bear market are now getting into a situation where there is less hype, less investment and way more sell pressure. I don't think they will be setting a new ATH in price anytime soon,
as they are still pretty overvalued right now.
So what i see in common for these cryptocurrencies is a long term bearish outlook taking form, which is frankly giving me a deja-vu feeling.
I'm not sure it will take them a long time to hit rock bottom either, this could go very fast if whales wants to get out quickly to pump other kind of Altcoins (those that hit bottom already and are recovering).
Lets wait and see the difference in snapshot between now and a few weeks / months, to see if this is indeed turning much more bearish long term for these cryptocurrencies.
Some have repeat cycles, some have a nova explosion then fade away to obscurity. Peercoin faded away, blackcoin, cloakcoin, obyte too, many have done. Dash, as someone said in a recent post, has only been through one market cycle. This means it is not yet proved it can repeat its one boom with another. Against bitcoin dash is still deep in a bear channel which is years old. (on log scale) . The most recent spike above 0.01 seems to have been a pump and dump of dash. In my opinion store of value should be primary aim, instant settlements, chain reorg protection are icing on the cake, they are not the cake. We don't replace the cake with more icing. If we want dash to stay with the leading group it has to aim to be gold. I am convinced of this. |
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And yet, the 100% POW competitors, some of which have had much more coin inflation than dash, (real inflation not 'circulating inflation'), have much higher value blockchains than dash without a single coin 'locked' as collatoral. There is no locked litecoin, no locked XMR. Not even going into how they have much less innovation than dash. It doesn't add up. Ryan's proposal is complicated because it has to be. To obscure the reality.
I don't think you should get so upset with Ryan's proposal. It does not change things significantly, it more or less keeps masternode rewards the same while slowly reducing miner rewards. What happens to BTC when miner rewards get cut in half? So if Dash's miner rewards get reduced (even if slightly) that will have an opposite effect for DASH than it does for BTC? If anything we probably should conclude that DASH should definitely not increase miner rewards. Besides... the proposal hasn't been implemented yet, DASH's price movement over the last 4 years has occurred with the same DASH you bought into so not sure why you think DASH's price has anything to do with this proposal... Also DASH entered 2020 at around $44 or so... less than XMR and about the same as LTC. It's likely $40 was the bottom for DASH, and you are already seeing DASH recovering faster than its competitors. It likely will continue to do so over the next 6 months, it's just waiting, like the rest of the altcoin market, for BTC to give it permission... When bitcoin supply is cut in half it makes bitcoin harder to mine, that reduces inflation of supply, ie less dilution of the real supply. 'real' not 'circulating' It is harder to get the bitcoin this helps further make it more scarce. When Dash cuts miner reward to give more to masternode owners the real supply hasn't been altered at all, however there are now more cheaply obtained coins hitting the market than before in effect this has made the dash less scarce than before. Scarcity is a monetary property which is very important for store of value. Also miners have more incentive in bitcoin to compete for the less bitcoin available. In dash maybe the miners give up mining and become masternode owners. More cheap coins hitting the market in the case of dash. Less hashrate too has similar effect. Less hashrate, difficulty goes down. Scarcity goes down. Ryan has forgotten about scarcity and only considers network security. To be a successful monetary crypto dash will have to conform to monetary archetypes not the other way round. Ryan seems to think dash's technology can bend monetary principles to its will. To the yes voters how you explain this? These competitors don't need to fret (at the bottom of the bear market) about how much to allocate to who. But they enjoy much more valuable blockchains. They don't even bother to troll this thread anymore.
Hard for trolls to have much to say for a coin that's hovering around $70 USD... Also, wasn't trolling more a 2014-2016 thing? The main point I was trying to make was to the ongoing discussion about how projects such as XMR and Litecoin have much more valuable blockchains despite not having the same innovation as dash and how even with no XMR or LTC locked in collatoral they still seem to have plenty of demand in their respective markets and value in their respective blockchains I agree we don't want 100% proof of work. I agree it is a question of where to draw the line. I am with Dash. But Ryan is wanting to draw a new line in a place that makes an existing problem worse.
What is this existing problem you're so worried about? I would have though in context of previous posts it would be understood. The existing problem as I see it, is that we pay masternodes too much, which is hurting our value. We don't have enough mining. Never once has anyone important in the dash community answered (or acknowledged in any real way) toknormal's extremely well thought out and well presented alternative viewpoint. I had to sit and watch Amanda nodding and not challenging Ryan at all. Shame on you all. Ignoring facts, ignoring the challenge, ignoring the reality of the wider market. Has toknormal presented his viewpoint to them somewhere? Personally I'm not convinced by his viewpoint and I've already outlined why more than once. Seems like many are just panicking in a bear market. What you're seeing now is mostly speculators speculating and a cycle of adoption for a new tech (all cryptocurrencies, not just DASH). Prices increase slowly, then rush to top out and the bubble bursts, prices crash and contract (many altcoins become similarly valued) and then the survivors repeat the process. So far, DASH looks like a clear survivor... it still needs to break out of the descending trend line against BTC but so does BTC need to break out of the descending trend line against USD... but it looks like both may occur very soon... toknormal has been very active presenting his viewpoint in various discussion threads. I struggle to imagine that this effort has not been noticed by anyone. Dash might be a survivor but I think it should be obvious that Dash with its innovations should be valued much more than it is. I think we all agree about that. Where we disagree is the method by which we improve it. Ryan goes in the exact opposite direction thinking he can manipulate the free market with bribes and incentives. But at the cost of scarcity wether he has realised this or not. Digital Scarcity from Proof of Work mining. That is where value comes from. Not from securing transactions cheap. I predict Dash will do well against fiat in the next bull market, but will continue to fall in rank against other crypto projects |
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Ryans proposal is all about encouraging more masternodes to come online, so all those brand new, fresh off the shelf 1000 dash collatoral's will stop circulating in the market and bringing price down. So there will be less supply and more demand. So the number of masternodes can ever increase along the 'predicted' line on the chart, giving dash a nice warm reassuring demand in the market. And yet, the 100% POW competitors, some of which have had much more coin inflation than dash, (real inflation not 'circulating inflation'), have much higher value blockchains than dash without a single coin 'locked' as collatoral. There is no locked litecoin, no locked XMR. Not even going into how they have much less innovation than dash. It doesn't add up. Ryan's proposal is complicated because it has to be. To obscure the reality. To the yes voters how you explain this? These competitors don't need to fret (at the bottom of the bear market) about how much to allocate to who. But they enjoy much more valuable blockchains. They don't even bother to troll this thread anymore. I agree we don't want 100% proof of work. I agree it is a question of where to draw the line. I am with Dash. But Ryan is wanting to draw a new line in a place that makes an existing problem worse. Never once has anyone important in the dash community answered (or acknowledged in any real way) toknormal's extremely well thought out and well presented alternative viewpoint. I had to sit and watch Amanda nodding and not challenging Ryan at all. Shame on you all. Ignoring facts, ignoring the challenge, ignoring the reality of the wider market. |
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Surely this is a bit extreme because Dash will be around for a long time. Those who are calling for its early demise are just not serious... Dash won't die but if its on page two or three of coinmarket cap its as good as dead except for those diehards who will keep dashing. |
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How on earth could Monero be considered a serious project for investors when so many browsers have been hijacked with Monero mining bots. Looking at just the statistic they mined over 90% mined in 2018 and estimates fully mined in around 2 years times is appalling. What functionality does Monero actually have which can be deemed a positive over Dash - none from what I can see. Exactly. With all that bad sides of Monero, it is now way ahead ( marketwise ) of DASH. Don't you think there is SOMETHING? Yes there is something. Proof of work provides a better store of value than proof of stake. The empirical evidence stares us in the face. |
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As depressing as this might seem, almost all established cryptos are in a similar bear channel. ETH is one of the few I think that broke out of it.
And don't get confused on how all these new cryptos are jumping the ranks (like XTZ, LINK and ATOM). They are still in price discovery and in technical bull markets.
Once DASH and other cryptos like LTC and XMR break out of their respective declining channels their bull markets will take off.
Also, just as prices between these 3 contracted to similar values per coin within this bear market, I expect that to correct with DASH outpacing the other 2 in recovery (just like last bear/bull cycle).
Of course past doesn't guarantee the future but it still provides some good insights.
I understand the fear that DASH will follow PPC's path, but at this point there's little evidence for it. It's a poor comparison, DASH is still in line with LTC's growth/adoption.
Anyways, if you feel you're overexposed in established cryptos like DASH, I suggest you diversify a bit into some of these newer projects. Careful though, I suspect you'll be kicking yourself once alt season is here. As good as LINK's chart looks... it's a centralized token... so research what might actually be better 5 years out...
DASH being in a bear channel vs BTC has nothing to do with the allocation between miners and masternodes nor could it possibly have anything to do with the proposal to slightly alter this allocation...
If anything it's likely this allocation is a main factor for why DASH has a more exaggerated price increase in bull markets and a more exaggerated price decrease in bear markets.
All eyes are still on BTC at the moment and alts are just along for the ride. If BTC can secure $9400 and then shortly after that shoot past $10500, the alt market should explode. If not and BTC suffers another dump first, expect all alts to suffer a little while longer...
Now, maybe start exploring Dash Platform a little and stop focusing on the price so much.
I am not a speculator and no thank you, I will not consider your idea of speculating on newer projects at this time. I am primarily interested in hard money alternatives to fiat. I thought for a long time Dash could be it. Dash is so close to being the one that ticks all the boxes. It is very painful watching this change of direction away from store of value. Dash has potential to being great. Store of value will not be found in the direction of more proof of stake. |
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Where did peercoin go wrong? Qwizzie, sometimes a project doesn't recover from a bear market. I've seen good projects end up worth nothing, hundreds of places down the rankings. Not dead but not really alive. Dash can fall and fall there is no divine right to recover. Many good projects will not. If anyone is panicking at the bottom of a bear market it is Ryan and the yes voters. The problem is incorrectly framed as a circulating supply issue. It is not about that. The supply is predetermined. Like any asset all are free to circulate. We shouldn't try to influence free market that way. It never goes as planned. As tok is saying proof of work is not entirely about securing the network. Dash is ignoring well established monetary forces especially scarcity.
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Something tells me a lot of Altcoins are still deep in a bear channel:  The proposed blockreward allocation change is not a direct answer to our current bear market position. It is intended to improve Dash economics over the next 4 1/2 years. Time will tell if it works or not. We can do nothing and then later get punished for having done nothing or we can do something and see if that works or not. I rather prefer we do something. Something that has been researched and defined very well. Something that will get evaluated for effectiveness. Where do i find this research? Where did Ryan publish his models of masternode numbers and how adjusting reward allocation influences the curve? I have asked this before. I would like to study the research. All I have seen is handwaving arguments about reducing circulating supply |
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well Monero goes away... Not Marketcap, but PRICE. As Talk says WAKE UP!
Here is a chart which compares Dash price in USD (blue) with Monero price in USD (red) over time :  Source : Tradingview, 1W interval, Poloniex Looking at the chart i think that Dash and Monero are following each other with regards to price pretty closely, ever since late 2019. This has been going on a long time, not something to suddenly wake up about or stress about. Price of both coins is basically going sideways. So Dash was once 10 times more valuable now back to a similar price. Where did Dash go wrong? |
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With our annual blockreward allocation reduction of -7,1% those 'more Dash for me' becomes 'same Dash for me' pretty quickly.
This is not even about 'more Dash for me', it is about less circulating supply growth for all of us and less inflation for users.
Yes the supply is designed to decrease over time, we all know that I'm sure. That is nothing really to do with changing the block reward allocation. unless to make you feel better about voting yes |
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I would welcome a fork. I don't think the idea deserves the hysterical response given by some on here. The days of fork fear meaning doomsday for a project should be past us now. Bitcoin hasn't suffered as many feared, it has had numerous forks by now.
Everyone must acknowledge Ryan's proposal has a real (not imagined) risk that it could be wrong. I am sure Ryan himself would admit this possibility even if he thinks it remote
In the event of a fork
Ryans idea of altering block rewards can be tested in BOTH directions, sliding the scale towards more proof of work and in the 'main' fork more proof of stake as per the current proposal
ALL dash investors would receive both types of Dash. You lose nothing.
ALL masternode owners get to run masternodes on both forks. You gain masternodes
ALL dash investors get a chance to 'vote' by exchanging one type for the other if they wish
THE market can decide where the value flows
Valuable information learned about crypto/masternode economics
Lots of publicity.
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Its a not much of a dilemma for the masternode owners  |
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