Edit : Wow, we actually have a Trump fan / Ryan Taylor hater in here.. that is unexspected and a bit disappointing. There goes any respect i had for that person. Definitely no more merit points for you mister !
Intention process. It's just a meme. I figured it was kind of funny, but I guess it triggers some people.
I couldn't care less about merit points. That system is completely flawed.
- Old accounts received merit according to their status, not because of high quality posts they made.
- People with merit only give merit to posts they like. Quality criticism will receive no merit.
- It creates an echo chamber where people say what they think people want to hear. Reddit has exactly the same problem.
So after one meme, you decide that I hate Ryan Taylor? I don't.
I guess certain people really do live in an alternative reality where everything gets twisted, the truth gets cut into little pieces and lies get spread through twitter on a hourly basis by Trump and people just accept that and actually believe it and support it even on a crypto-focused forum.
I don't do Twitter. My other post has nothing to do with Trump. There is a reason why people are shifting capital into the crypto space and it's not because governments and financial institutions are doing such a great job. If they were, Satoshi would never have created Bitcoin. My country now has 120% debt versus GDP and zero interest rates on savings accounts. People's savings are being wrecked and there is no real escape for ordinary people other than considering a risky move into crypto. Most people are completely clueless as to how the world works or what goes on.
So Ryan Taylor should be fired huh ? Maybe we should fire the whole Dash Core Group as well ? Maybe we should do this in the coming months ? Just before Dash Platform & DashPay gets released ?
If Ryan Taylor's store of value analysis is wrong, he may have made things worse. Any CEO who makes a capital mistake should be fired.
I'm worried that our 'base economics layer' is parameterized in a way that provides continuous down pressure on price. There is no serious influx of money to set up new masternodes, but masternodes continue to have a high return no matter what happens.
We have a design that deviates strongly from Bitcoin. Our design is unique and provides undeniable benefits, but we should not pretend it is perfect.
There are clear indications in my opinion (and others) that the recent change will make things worse. My initial assessment of Ryan's tokenomics in 2019 was that it was flawed.
I was very worried about the intent to move away from the oldskool way of thinking, which is that a (100%) Proof of Work mining model (and the cost involved) pushes price upwards.
I countered toknormal's statements and point of view here on bitcointalk, so he could give a more convincing explanation. With the insight into 'total network cost' which translates into a 'hidden transaction cost' it has become more clear that it's likely true that high masternode revenues actually provide continuous downward pressure on the price.
Masternode revenue can be dumped at any price. Miners need a high price.
There is probably truth in the statement that "price finds an equilibrium around its production cost (with a slight margin)".
I love Dash, but I'm very open to criticism. Blind faith will not get us to where we want to go.
If this is how discussions about the masternodes / miners rewards are done these days (this low level), i don't want any part in it.
You don't really discuss any of the points that are brought up. You make attempts to counter some elements and ignore everything else.
Any more of those kind of posts and it will be instant ignore from me. I have no time or intention to read that kind of crap on this forum, Nthelight.
Ignoring people is a sign of weakness.
The Dash community should welcome diversity of opinion and not always be so defensive when someone deviates from the "consensus".
