How DASH is stealing investors money - pyramid scheme revealed.

[asmodat]

I will leave this conversation with dash developer here:

Make your own conclusions.
What I see here is a typical pyramid scheme.

1. Make supply unaffordable to buy Masternode.
2. Offer shares that are locking customer funds for 60 days.
3. Available supply decreases, price goes up.
4. Price attracts more people who buy more and more expensive tokens.
5. Price goes down and they can't take their money out.
6. Take your profit, pump price once again when it is going down, repeat the scam, before it bursts so not all people are removing funds at once and destroy your scheme.

[Nessa]

I see your point, and while this is not exactly a pyramidal scheme, but more of a fund holding in order to pump, this makes me a bit more sure that Dash is the incorporated mafia here.

[qwizzie]

This is all just a bit stretching dont you think ? Reminds me of a movie i saw with Mel Gibson in it, its
called Conspiracy Theory.

Anyways, moocowmoo is just one of several hosting service providers that have been offering masternode hostings
You also have Holger, another Core Team member that provide hosting services.

Link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

Please try a little bit harder next time, when trying to discredit Dash.

[DrkLvr_]

You're on to something OP. Fuck dash

[edgar]

This is all just a bit stretching dont you think ? Reminds me of a movie i saw with Mel Gibson in it, its
called Conspiracy Theory.

Anyways, moocowmoo is just one of several hosting service providers that have been offering masternode hostings
You also have Holger, another Core Team member that provide hosting services.

Link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

Please try a little bit harder next time, when trying to discredit Dash.

Please dont next time, when trying to defend/promote shit

[PovertyByte]

I will leave this conversation with dash developer here:

Make your own conclusions.
What I see here is a typical pyramid scheme.

1. Make supply unaffordable to buy Masternode.

The 1000 dash a Masternode was set back when it was cheap. When the network demands for more MN's they will lower the headroom and bring the requirement down.

2. Offer shares that are locking customer funds for 60 days.

I am pretty sure there is no lock on the Masternodes. Not sure what you mean by locked up funds

3. Available supply decreases, price goes up.

It's called the free market. Also you got lots of people hoarding every cryptocurrency that is perceived to go up in value and if a crypto took over the global economy the rich would hoard the crypto just like they do current fiat anyway. Seem like an irrelevant point

4. Price attracts more people who buy more and more expensive tokens.

Not a scam, just basic cause and effect that any coin would have

5. Price goes down and they can't take their money out.

My Dash isn't locked

6. Take your profit, pump price once again when it is going down, repeat the scam, before it bursts so not all people are removing funds at once and destroy your scheme.

Haven't convinced me of this doomsday prophecy

My take on your arguments

I've been very good at calling price trends and made major profits buying and selling at the right time so far. My educated guess is Dash will not drop below 70. It might slowly enter the 70's while waiting for evolution but the community has a lot of people seeing the price dip caused by sensationalist weak handed holders as buying opportunities before Evolution. Dash will soar to 500 USD minimum when Evolution comes.

[generalizethis]

I will leave this conversation with dash developer here:

Make your own conclusions.
What I see here is a typical pyramid scheme.

1. Make supply unaffordable to buy Masternode.

The 1000 dash a Masternode was set back when it was cheap. When the network demands for more MN's they will lower the headroom and bring the requirement down.

2. Offer shares that are locking customer funds for 60 days.

I am pretty sure there is no lock on the Masternodes. Not sure what you mean by locked up funds

3. Available supply decreases, price goes up.

It's called the free market. Also you got lots of people hoarding every cryptocurrency that is perceived to go up in value and if a crypto took over the global economy the rich would hoard the crypto just like they do current fiat anyway. Seem like an irrelevant point

4. Price attracts more people who buy more and more expensive tokens.

Not a scam, just basic cause and effect that any coin would have

5. Price goes down and they can't take their money out.

My Dash isn't locked

6. Take your profit, pump price once again when it is going down, repeat the scam, before it bursts so not all people are removing funds at once and destroy your scheme.

Haven't convinced me of this doomsday prophecy

My take on your arguments

I've been very good at calling price trends and made major profits buying and selling at the right time so far. My educated guess is Dash will not drop below 70. It might slowly enter the 70's while waiting for evolution but the community has a lot of people seeing the price dip caused by sensationalist weak handed holders as buying opportunities before Evolution. Dash will soar to 500 USD minimum when Evolution comes.

PIVX on Poloniex would leave dash REKT.

[PovertyByte]

I will leave this conversation with dash developer here:

Make your own conclusions.
What I see here is a typical pyramid scheme.

1. Make supply unaffordable to buy Masternode.

The 1000 dash a Masternode was set back when it was cheap. When the network demands for more MN's they will lower the headroom and bring the requirement down.

2. Offer shares that are locking customer funds for 60 days.

I am pretty sure there is no lock on the Masternodes. Not sure what you mean by locked up funds

3. Available supply decreases, price goes up.

It's called the free market. Also you got lots of people hoarding every cryptocurrency that is perceived to go up in value and if a crypto took over the global economy the rich would hoard the crypto just like they do current fiat anyway. Seem like an irrelevant point

4. Price attracts more people who buy more and more expensive tokens.

Not a scam, just basic cause and effect that any coin would have

5. Price goes down and they can't take their money out.

My Dash isn't locked

6. Take your profit, pump price once again when it is going down, repeat the scam, before it bursts so not all people are removing funds at once and destroy your scheme.

Haven't convinced me of this doomsday prophecy

My take on your arguments

I've been very good at calling price trends and made major profits buying and selling at the right time so far. My educated guess is Dash will not drop below 70. It might slowly enter the 70's while waiting for evolution but the community has a lot of people seeing the price dip caused by sensationalist weak handed holders as buying opportunities before Evolution. Dash will soar to 500 USD minimum when Evolution comes.

PIVX on Poloniex would leave dash REKT.

One thing

PivX is not developing any Evolution like feature overhaul. It may be a Dash fork but the coin is clearly growing in a way different direction. I don't think of these as the same thing

I still hold some pivs to ride that train up since there are big gains to come with a poloniex add and who knows maybe thy will eventually decide to follow the idea of Evolution. Right now though, people are pumping it up because they compare it to Dash too much. ZCL and ZEC are more similar. ETC and ETH are more similar. Comparing PivX to Dash is like comparing KMD to ZEC or EXP to ETH. They are similar but developed differently now in how they work and what they do.

I am not knocking off PivX. I am just saying the Dash alternative idea is overrated. If anything DCR is the real Dash alternative with its superior governance system and the coin is still young but will catch up in privacy features and I think user functionality will lead to Evo down the line since they already got some nice wallets

[Herbert2020]

you have a good point, although i don't think we can call it "pyramid scheme" exactly.
we all know that Dash has been premined and that alone means the supply is low and if those owning the premine decide to hold off and spread some hype in the market price goes up already. and it is just a pump and dump scheme which is a perfectly common thing in alternative cryptocurrencies. people sometimes forget why these coins were created in the first place.

[thesavoyard]

I see a lot of mental gymnastics here to see something nefarious where there isn't.

[Ayers]

dash isn't stealing money like any other coins on the market, if someone want to invest he is free to do so, as log he can understand the risk, with trading there is high risk high reward, what you are saying look like a conspirancy theory for me, it has no fundamental just a conjectures, and conjectures are like opinion, very pointless

[dandyone]

Amount of Dash for holding a masternode is 1000 at the moment, but it was always planned to get lower (probably to 500 first and then even lower if needed), depending on the value of a single coin and number of masternodes that are needed for supporting the network.
At the moment, masternodes don't do that much, but with Evolution update, they will be doing much more work and it's actually a concept very similar to Bitcoin's Lighting Network. So in time, there will be a need for more masternodes and stronger hardware in masternodes, to support that second tier network.

[btcmerich]

Good OP ,  but sorry to say DASH is not the only coin playing dirty.   

[The Crypto Baron]

I don't FUD/crypto cockblock coins (<--credit to Assman for crypto cockblock lol), but your OP is exactly why PIVX began.

Check it out if you haven't already.  It's quite the movement being born.

[Piston Honda]

dash crap

pvix - mini crap

[Assman]

dash crap

pvix - mini crap

Who could possibly argue with such a compelling, fact laden post  /sarc

Another pile of garbage post from Glass Joe 

[BTCwriter]

Cryptocurrency bring out the crooks/scammers to play

[The Crypto Baron]

dash crap

pvix - mini crap

Who could possibly argue with such a compelling, fact laden post  /sarc

Another pile of garbage post from Glass Joe 

#rekt

[dwgscale11]

Dash, one great big scam. A well executed one..  Good luck gamblers

[Assman]

Dash, one great big scam. A well executed one..  Good luck gamblers

Not for long.  It's free-falled from 750m to under 600. 

I just clicked refresh on coinmarketcap.com and just saw another $15m leave the scammers.