The State of Masternode Coins

Hey guys,

I'm worried about all these masternode. I've read enough whitepapers to realize 80-90% of the projects are literally the same. The buyers and sellers are the same people. Buyers wanting to run a masternode and sellers are those who have a masternode that are selling the rewards. I've been through a lot of the websites it practically the same. Cosmos Coin took a dump on the state of masternodes which made me excited but then I checked their roadmap/features and they did nothing to distinguish themselves from their own criticisms.

The devs are almost always annonymous, so you do not know if its the same or a group of the same devs building a ponzi-ish scheme where they scoop up precious ETH/BTC for their shitcoin with high ROI. Great it has an amazing return but why? The projects are not revolutionary. I know 90% of your masternode whitepapers/roadmaps:

1: Listing on cryptopia or some slightly less shittier exchange.

2. Build a mac/andriod wallet

3. Merchant integration

4. Debit card

That's literally it. Do these coins literally think that's all there is to crypto? If that's the case why would anyone not use DASH for all these purposes as it is lightning years ahead. I think these dev teams that create masternode coins need to start doing the following:

1) Reveal yourselves and show your credentials. You want us to trust you to buy your shitcoin then you need to show us some good faith.

2) Create a new feature that nobody else has or stop pretending like darksend/instantsend is unique to only your coin. That's a function of any masternode.

3) Create projects on the backend of your economy. Look at PHIL's currency (not shilling) for a second. They are building projects that will utilize their PHILS token, thus creating an actual use case for their own coin. You need to actually build a service/product that provides the investor with some value proposition.

Guys there's a lot of projects to tackle that masternodes would be great for, think of atomic swaps, DEXs, platforms, ect.

Heed these warnings or I fear:

Once people realize the only utility of your coin is to get a high ROI and merchants/card companies don't give a shit about 90% of the shit masternode coins out there the price is going to jump off a cliff that it cannot recover from. By the time you reach that point (talking to devs) you will have lost the trust of your community that you worked so hard on. Let's do a better overall job on these coins which have a great backbone. Let's stop creating mindless ponzis.

Good projects with Masternodes:

DASH, PIVX, SMART, ALQO, WAGERR, PHILS, SEND, ESCROW, ZCOIN, INNOVA