An Open Letter From Evan and Ryan Regarding Dash Marketing

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Checkerama

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You cannot assume that all MNOs bought Dash when it was cheap. But even if that were the case, that just mean they were smart and recognized the value of Dash early on and now they are making a profit from their forward thinking. I don't see anything wrong with that

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True, but now we have to apply it in terms of many problems others are seeing with the currency today - specifically, the lack of liquidity and the race for hoarding as much of it as you can. In its current form, DASH reflects a mechanism for hyperdeflationary economics, where even the slightest uptick in purchases creates artificial pumps that do not reflect its true value, and as previous commentators have already pointed out, isnt DASH supposed to be digital cash?

It also helps that the people who are benefiting the most off of the system are the ones in control of their own salaries. There are no checks for MNOs at all.

Also, I can assume (and prove) that more than half of all MNOs bought DASH cheap. I have the data points to prove that, but I think you've already seen it.
 

GrandMasterDash

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@Checkerama I don't understand your disdain for profits, good fortune, risk taking, or whatever it is you find so repulsive.

Dash, like 1100+ other cryptos, is an economic policy enforced in code. You don't like dash's structure, you are totally free to go search for a crypto that you can call home. Some masternode systems give less, others give more. Most of them are cheaper than dash with plenty of potential for growth. Is that not good enough for you?
 

Dandy

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True, but now we have to apply it in terms of many problems others are seeing with the currency today - specifically, the lack of liquidity and the race for hoarding as much of it as you can. In its current form, DASH reflects a mechanism for hyperdeflationary economics, where even the slightest uptick in purchases creates artificial pumps that do not reflect its true value, and as previous commentators have already pointed out, isnt DASH supposed to be digital cash?

It also helps that the people who are benefiting the most off of the system are the ones in control of their own salaries. There are no checks for MNOs at all.

Also, I can assume (and prove) that more than half of all MNOs bought DASH cheap. I have the data points to prove that, but I think you've already seen it.
MNOs are also the biggest investers (MNO today has to invest more than one million dollars), so it's similar to the functioning of a company and masternodes as it's shareholders.

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Checkerama

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MNOs are also the biggest investers (MNO today has to invest more than one million dollars), so it's similar to the functioning of a company and masternodes as it's shareholders.

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Then DASH is not digital cash, it's a corporation for profit now, profiting off of the later contributors to your system where the only winners are the ones that come in early enough, which brings me back to what I was saying on earlier threads that that vision is now dead, and we are only left with a greater fool's theory currency.

This could be said, of course, for any cryptocurrency, but DASH has yet to achieve anything to substantiate its price increase, so if Bitcoin is a bubble, then DASH is the mother of all bubbles.
 
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Dandy

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Then DASH is not digital cash, it's a corporation for profit now, profiting off of the later contributors to your system where the only winners are the ones that come in early enough, which brings me back to what I was saying on earlier threads that that vision is now dead, and we are only left with a greater fool's theory currency.

This could be said, of course, for any cryptocurrency, but DASH has yet to achieve anything to substantiate its price increase, so if Bitcoin is a bubble, then DASH is the mother of all bubbles.
Well, if that is true, then MNOs will be the biggest losers when the bubble pops, so it should make you happy

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Checkerama

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@Checkerama I don't understand your disdain for profits, good fortune, risk taking, or whatever it is you find so repulsive.

Dash, like 1100+ other cryptos, is an economic policy enforced in code. You don't like dash's structure, you are totally free to go search for a crypto that you can call home. Some masternode systems give less, others give more. Most of them are cheaper than dash with plenty of potential for growth. Is that not good enough for you?
Of course you don't understand, youre an MNO.

My main premise is that masternode governance was a good idea, but its profit system for doing absolutely nothing (also of which it does not adhere to a sliding difficulty rule such as miners have) has turned it into a bunker for hedgers and kept afloat by unknowing stragglers buying small amounts for the ridiculous price points. My proposal seeks to end the masternode bunkers that keep this system in place and allow for anyone who joins to stand to profit from being a part of that project. What has DASH accomplished for someone to have to invest $1M into it to earn a masternode? Nothing.
 

Checkerama

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Well, if that is true, then MNOs will be the biggest losers when the bubble pops, so it should make you happy

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Fair enough, but what I'm suggesting would prevent it from being a hurl from a high place. I won't save any of you, since you all came in early enough, but for future investors and DASH holders (who would definitely stand to lose more than you percentage wise).

None of what I'm writing is to convince any of you - I think its pretty obvious you will all turn a blind eye as long as your short term profits stay intact... this is for anyone reading this and trying to determine whether to make the investment.
 

GrandMasterDash

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@Checkerama You are definitely in the wrong place. Please take a look at Stratis. $12.66 each. For staking you'll need 25,000 stratis ($316,500). For a masternode you'll need 250,000 stratis PLUS 5 BTC. Please feel free to go and save those souls first.
 

GrandMasterDash

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Dash pioneered masternodes. Every time a project announces masternodes, it's price rockets. Apparently, we're all wrong and doomed.
 

demo

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XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
Dash pioneered masternodes. Every time a project announces masternodes, it's price rockets. Apparently, we're all wrong and doomed.
THE CONCEPT OF MASTERNODES (THE GOVERNANCE) IS THE STEP THAT MAY TRANSFORM ONE DAY THE STUPID COLLECTIBLE ITEM OF SATOSHI INTO A SOCIAL CONVENTION ITEM (INTO MONEY)!!!!

STOP BEEING A SATOSHI SLAVE!
YOLO!

 
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Checkerama

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@Checkerama You are definitely in the wrong place. Please take a look at Stratis. $12.66 each. For staking you'll need 25,000 stratis ($316,500). For a masternode you'll need 250,000 stratis PLUS 5 BTC. Please feel free to go and save those souls first.
Stratis also has a circulating supply of 98 million coins.

They also have less than a tenth of DASH masternode count.

And the ROI is substantially less (currently at 1% instead of DASH's 8%)

So they got the message. I don't need to save them.
 

GrandMasterDash

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Stratis also has a circulating supply of 98 million coins.

They also have less than a tenth of DASH masternode count.

And the ROI is substantially less (currently at 1% instead of DASH's 8%)

So they got the message. I don't need to save them.
And your point is?

But actually I'm done with this. I'm putting you on ignore.
 

Checkerama

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And your point is?
The better question is what's YOUR point? Why even bring up stratis when they have solved the liquidity issue, the hoarding of their currency, and bloated MN profits (not necessarily the way I would do it, but it works)? LOL.
 
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TroyDASH

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No, the proper math is you ALSO gained $10,000 on each your own $100 contribution just like every non-MNO, PLUS an additional $7,500 (currently) for every $100 you spent (on server maintenance, lemme know if I can make this number more accurate) thereafter on a monthly basis (with no regard to current DASH prices at any point throughout the year)
Masternodes gained $10,000 for each $100 contribution -- yes, just like everyone else.
Plus an additional $800. Not plus an additional $7500.
 

Checkerama

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Masternodes gained $10,000 for each $100 contribution -- yes, just like everyone else.
Plus an additional $800. Not plus an additional $7500.
You just priced the first assumption at the current valuation of $1000/DASH, and you don't expect to do the same with the valuation of your incoming DASH as well?

At 6.9 DASH/month, you're gaining at LEAST $6800 for every additional $100 you put in. Your valuation of an additional $800/month would assume DASH was still priced at ~$115 dollars. Is that when you got in?

Also just to be clear, the keyword here is additional. Anyone looking to make an additional investment would have to pay the full price of the DASH value at the time of valuation, and since we can't go back in time to buy DASH, I'm using today's valuation of ~$1,000.

Masternodes looking to make an additional investment in return for DASH only have to pay, at most, $100/month. Your silence over this incredibly low valuation of your actual maintenance tells me I'm grossly overestimating what your actual contribution is, so I'm going to assume I hit it right on the money when I made the statement.
 
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TroyDASH

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At 6.9 DASH/month, you're gaining at LEAST $6800 for every additional $100 you put in. Your valuation of an additional $800/month would assume DASH was still priced at ~$115 dollars. Is that when you got in?

Masternodes looking to make an additional investment in return for DASH only have to pay, at most, $100/month.
I don't consider the hosting costs to be an "additional investment". The investment was the purchasing of the collateral. With your reasoning, anyone that has a masternode share with one of the sharing services has infinite ROI because they are paid interest denominated in dash without paying for any servers at all.
 

Checkerama

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I don't consider the hosting costs to be an "additional investment". The investment was the purchasing of the collateral. With your reasoning, anyone that has a masternode share with one of the sharing services has infinite ROI because they are paid interest denominated in dash without paying for any servers at all.
I'm sure the service would charge them for maintenance (thats why its a sharing SERVICE), so technically not infinite ROI. Still, the same applies for them based on the amount they charge them for maintaining the servers by the amount they get back.
 
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