Welcome to the Dash Forum!

Please sign up to discuss the most innovative cryptocurrency!

An Open Letter From Evan and Ryan Regarding Dash Marketing

Discussion in 'Official Announcements' started by Ryan Taylor, Jun 28, 2017.

Thread Status:
Not open for further replies.
  1. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
  2. demo

    demo Active Member

    Joined:
    Apr 23, 2016
    Messages:
    3,046
    Likes Received:
    214
    Trophy Points:
    133
    Dash Address:
    XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
  3. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

    Joined:
    Jul 12, 2015
    Messages:
    2,392
    Likes Received:
    862
    Trophy Points:
    183
    @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?
     
    • Agree Agree x 1
    • Dumb Dumb x 1
  4. Dandy

    Dandy Member
    Masternode Owner/Operator

    Joined:
    Mar 1, 2017
    Messages:
    265
    Likes Received:
    93
    Trophy Points:
    88
    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.

    Sent from my S60 using Tapatalk
     
  5. demo

    demo Active Member

    Joined:
    Apr 23, 2016
    Messages:
    3,046
    Likes Received:
    214
    Trophy Points:
    133
    Dash Address:
    XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
    If you really dont understand, then it is in your genes.
     
    • Funny Funny x 1
  6. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
    • Trolling Trolling x 3
    • Like Like x 1
  7. demo

    demo Active Member

    Joined:
    Apr 23, 2016
    Messages:
    3,046
    Likes Received:
    214
    Trophy Points:
    133
    Dash Address:
    XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
  8. Dandy

    Dandy Member
    Masternode Owner/Operator

    Joined:
    Mar 1, 2017
    Messages:
    265
    Likes Received:
    93
    Trophy Points:
    88
    Well, if that is true, then MNOs will be the biggest losers when the bubble pops, so it should make you happy

    Sent from my S60 using Tapatalk
     
    • Agree Agree x 1
  9. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
    • Trolling Trolling x 1
  10. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
    • Trolling Trolling x 1
  11. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

    Joined:
    Jul 12, 2015
    Messages:
    2,392
    Likes Received:
    862
    Trophy Points:
    183
    @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.
     
  12. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

    Joined:
    Jul 12, 2015
    Messages:
    2,392
    Likes Received:
    862
    Trophy Points:
    183
    Dash pioneered masternodes. Every time a project announces masternodes, it's price rockets. Apparently, we're all wrong and doomed.
     
    • Winner Winner x 1
  13. demo

    demo Active Member

    Joined:
    Apr 23, 2016
    Messages:
    3,046
    Likes Received:
    214
    Trophy Points:
    133
    Dash Address:
    XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
    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!

     
    #163 demo, Dec 18, 2017
    Last edited: Dec 18, 2017
    • Trolling Trolling x 1
  14. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
  15. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

    Joined:
    Jul 12, 2015
    Messages:
    2,392
    Likes Received:
    862
    Trophy Points:
    183
    And your point is?

    But actually I'm done with this. I'm putting you on ignore.
     
    • Agree Agree x 2
    • Dumb Dumb x 1
  16. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
    #166 Checkerama, Dec 18, 2017
    Last edited: Dec 18, 2017
  17. TroyDASH

    TroyDASH Well-known Member
    Masternode Owner/Operator

    Joined:
    Jul 31, 2015
    Messages:
    1,200
    Likes Received:
    754
    Trophy Points:
    183
    Masternodes gained $10,000 for each $100 contribution -- yes, just like everyone else.
    Plus an additional $800. Not plus an additional $7500.
     
  18. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
    #168 Checkerama, Dec 18, 2017
    Last edited: Dec 18, 2017
  19. TroyDASH

    TroyDASH Well-known Member
    Masternode Owner/Operator

    Joined:
    Jul 31, 2015
    Messages:
    1,200
    Likes Received:
    754
    Trophy Points:
    183

    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.
     
  20. Checkerama

    Checkerama Member

    Joined:
    Aug 16, 2017
    Messages:
    142
    Likes Received:
    75
    Trophy Points:
    68
    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.
     
  21. UdjinM6

    UdjinM6 Official Dash Dev
    Dash Core Team Moderator

    Joined:
    May 20, 2014
    Messages:
    3,602
    Likes Received:
    3,514
    Trophy Points:
    1,183
    This thread "forked" from the topic way too many times already. Take this discussion somewhere else please. Closing this.
     
    • Like Like x 5
    • Agree Agree x 1
Thread Status:
Not open for further replies.

Share This Page