If your point is true, DASH will try to retest and break a multiple-year resistance nearly 0.006 BTC. Break it or not, it is for the future and DASH might success or fail with this mission at the first attempt or even a few attempts. Even it fails, more than 35% of profit if you buy it now and wait for such failed resistance break-out.

It is a good new even it is small in the altcoin season where shit DeFi and new projects can give x10, x25, x50 or x100 like Tokko cryto yesterday on Binance. I love the safety and don't bet with them with so much risks.

The definition of insanity is doing the same thing over and over again and expecting a different outcome, are you insane?

Meanwhile DASH is now fully bullish on the USD and the BTC pair.  Rant and Rave all you like, it isn't going to stop the impressive gains coming our way.  I guess this is one bull run you watch from the sidelines..

miners are "sellers" on an exchange just as currency brokers are, but they are not NET sellers. They bought the coin in one market and sold it in another.

Masternodes on the other hand are NET sellers. There's no buy side so no bidding up of the price (once we are at nodecount equilibrium). The reward ratio is therefore simply specifying how much of the supply is issued at zero price per coin. The more of the supply thats issued at zero price, the lower the marketcap compared with other coins that restrict their entire supply to the highest bidder.

The protocol/store of value debate (if you can call it that - there was no debate) was not about how much to "give" to miners or "give" to masternodes. Miners buy their coin. They are not given it. It's only masternodes where the word "give" applies.

Charts are great for historic values but you will most likely notice when breaking out of a channel there was a significant event that triggers it.  

qwizzie was a model member for this forum,

agghhh.  I wish we could just "BLOCK" him and get on with other discussions.  One positive though...he is single handedly pushing up the page count on this DASH forum.  LOL. 

Here's my best take on it.

We can either decide it's not important or decide to do nothing, but we can't pretend it's not there. We're talking about more than half the emission (after Spork 21) so it seems more than a side-issue to me.

(IMO what we should do is target a medium term reference price for mining/masternode profitability parity - say $800 as described in these tables. That would signal to markets a reference point for valuation and give us an investible margin either side for a speculative range.

It would also serve as a kind of rolling peg since Dash has positioned itself as a payments medium so some form of valuation "anchor" would be consistent with that role.

We've already seen that the reward ratio is semi-dynamic at long term periods. It just needs a vote. If the valuation becomes stable again at the higher level and transaction count warants a higher liquidity then the reward ratio set by the protocol could then be reset to a higher value - i.e. target mining/MN profitability parity at a new higher price. It wouldn't prevent speculative investment, it just gives the market a much stronger signal as to investment viability than it has at the moment.

This would turn a weakness....into a strength IMO).

(By this measure, our "parity peg" is currently set at something like sub $50).

*snipped images*

How long before somebody creates an actual WSB shitcoin though?

Don't get me wrong, it's not bad to have emotions. But emotions will more often than not lead you to bad financial decisions.

Unless you, afbit and tok are the 3 Wise Men, your shared opinion is just that, an opinion.

The reason I find the 3 of your responses here so emotional is that I could probably chart your negative (and positive or no) posts to the price of DASH. When DASH was $120+ it was eerily quiet in here... when DASH dipped below $110, panic troll posts started to appear and within the hour of DASH falling below $100, toknormal revisited after a 2 week hiatus. Then you guys quickly piled on with the same negative rant.

You supported DASH with positive posts so faithfully years ago when the price looked better by the day and now that you deem it to be in freefall you only post negative things about DASH. That seems emotional to me. Price is dictating your mood. Of course you say you have reasons. But that's been discussed ad nauseum now. Nothing substantially has changed with DASH's economic model since masternodes were introduced. So either the problem has always existed and no one was smart enough last bull run or you are exaggerating the significance of the reward change. Generally speaking I don't think people are smart enough when it comes to money. They let their emotions drive their decisions (hidden behind "reasons"). Selling low and buying high is an emotional outcome.

Is DASH's economic model perfect? Nope, never said that. Can it be improved? Perhaps, but not by berating people that disagree with you.

But why so emotional? Why do you get mad when someone disagrees with you?

You say you made a great move for selling at 0.005 BTC and I say so far it seems that way... but in the life of DASH, relatively speaking, you did sell at the bottom. And I would guess, that the odds are, that DASH will revisit 0.01 BTC this year and likely even much higher. Do I know for sure? No, but don't get mad at me. Perhaps what you bought with the DASH you sold will perform better or just as well anyway.

But it's the high emotions and the supposed 'reasons' people have that make many cryptos so profitable. If you can keep your emotions in check and buy when people are so negative and sell when people are so positive, you'll do much better than most.

Man...last  I sold was at 0.008 and now can buy back a lot more but that is not what we are talking about. Than I was thinking about buying back but didn't. And now I am glad that didn't. That is sad, DASH is great coin. But lost that old Cyberpunk spirit, MN owners now behave like government, DASH is their state. I  ( hmm, we ) just moved elsewhere. And I just stopped talking about DASH ( to my many many friends that I invited to crypto ).

Bitcoin price seems to register lower tops over time. Bearish sentiment taking over ? Stay tuned.

We don't have any choice IMO. We need to get our mining deficit restored ASAP otherwise we'll keep plummeting down the rankings.

AzzAz : sold most of his Dash during last bull market and moved on to other coins (BTC & ETH)
Afbitcoins : sold most of his Dash during this bear market, when Dash price was really low
toknormal : ramblings about the blockreward reallocation change for many many many months now, most likely sells his Dash at first opportunity (first big pump) as he posted in the past

You can see why by looking at the NET reward ratio rather than the gross which is what I think we should have been focusing on all along. Protocol reward ratio is meaningless on its own because the relative value that miners and masternodes extract from the chain is determined by the price, not the protocol.

It's also meaningless to compare them in terms of "traffic to order books" because the two sectors are totally asymmetric in terms of what the protocol requires them to invest back in the chain. So you're only looking at one side of the equation.

If we look at net reward ratio, all sorts of things emerge that show us the way forward, not least where the "sweet spot" is to avoid asymmetric profitability in network operating margins because the price will just be throttled by the part of the coin supply with the largest available gain. So to get scaleable growth in a heterogeneous supply we need to set (net) margins at parity for all prices as far as possible, otherwise we just hit the same glass ceiling as we did before and never escape it since masternodes go to ridiculously unsustainable profit margins at high prices while not investing anything back in the network (as miners have to).

These models are based on a notional 10% mining profitability, current emission schedule, $30 per month masternode hosting costs and assumes all treasury budget awarded. The current 45/45 reward ratio one shows straight away the problem in asymmetric profitability:

(Sidenote: The "Net Reward Ratio" columns below should strictly speaking read "Net Reward Share")




This is made even more acute when we move to a 60/40 one (which corresponds to a 54%/36% respective share of the total reward):




The sweet spot with these constraints turns out to be at exactly 82/08 mining/masternode reward ratio (expressed as respective proportions of the total block reward). People will probably find that alarming, but it's scaleable in a way that the above two just aren't and at $900 per Dash, not only is the masternode reward greater in value than it is at the moment, the collateral is 9 times the value. That is what matters - not the reward ratio but getting to high valuations and MAINTAINING them

Look at the reward per month for the 82/08 ratio. Does it not make sense to make 1 Dash per month at high valuations rather than 5 for a measly $30 operating cost ? Can you seriously see bitcoin giving away 5 BTC per month for peanuts ? We need to reconsider our priorities here if Dash is to ever get above $200 per coin again IMO. Even at the 82/08 ratio, masternodes are still massively profitable with operating margins back above 90% at $400 per Dash.



Note: Y-Axis rescaled.



Constraints: 60/40


Constraints: 82/08