Dash will die for the following reason.
It is set up as a feudal system with the Feudal masternode Lords, and their vassal miners, who get thrown the occassional scrap.
Eventually the peasants will revolt.
Think about it, what is Dash without miners ?
OK, you can ask the same question about Bitcoin or any other crypto, but we are here talking about Dash.
It is true that the Masternode operators or the Dash core dev team did not tell miners to go buy their Asics.
However, they did not actively encourage them not to, either. Anyway, that is all history now.
Let us look at where we are today, and what is the situation facing us.
OK, forget the establishments relentless war against Crypto for now, ( at least now we know what the real topic of discussion was at Davos.
( It's a place in Switzerland, where the rich and powerful ... never mind )
Status quo is this.
Dash needs miners to run, moreso than it need masternodes.
Miners are out of pocket because of failed investments in asics.
Nobody foreseen the exponential increase in hashing power brought into the X11 environment.
Calling the miners stupid for making that investment does not help at this stage, the fact is it's already done.
So the miners are in a predicament, of their own making, admittedly.
However, this is not without consequences for the total Dash project.
What is the way forward ?
90% of miners switch their equipment off, to allow the other 10% to mine profitably ? - Not going to happen.
Everybody with a miner will mine. Even if you get 20cents a day, it is 20 cents less of a loss for the miners.
So what happens, the difficulty as we see is going astronomical and it is more and more uneconomical for everybody.
Of course the masternode operators and the Core dev team think nothing of this, it is after all just natural economics, they say.
Some miners will switch off and others will stay profitable, so it will balance out. This is short sighted thinking, a sort of "let them eat cake" attitude.
What do dash holders think of this ?
They see their coin being held aloft by miners who are not making any money.
Do you think it is a good idea to hold Cryptocoins in a system, where the people who actually run the system do not make any money ?
It's a bit like getting the bus to work every morning on a bus where the driver does not get paid.
How confident do you feel about your bus driver showing up for his work every morning ?
Knowing that your bus driver does this for a living and that he is expecting to get paid, and that he does not just drive the bus for the fun of it or for some philanthropotic service to his community. One morning you wll find yourself standing at the bus stop, and you will be waiting, and waiting and waiting . . .
As I said,
This party is far from over, and Dash will be abandonded like a rat infested ship as soon as an alternative comes along.
Dash is a Dead man Walking. It just does not know it yet.
If the government and the Big Banks don't kill it, the miners will.
But don't take it personnaly, it's just business.
