True. But they do have a great deal to do with the value that miners provide because they devalue Dash's hashrate to the market by 50%. Note that:Masternode costs have nothing to do with the value they provide.
Investors in Dash have invested in:
- a high energy budget coin
- with on-chain services that are competitive with other high energy budget coins
- a low energy budget coin
- with services that are uncompetitive against other low energy budget coins
@BabyGiraffe, I urge you to revisit the appraisals in previous posts from that perspective. While you may not value Dash's high energy budget, many of its core investors do. Its primary market also does (otherwise Dash miners would not find any liquidty). In that regard, the "value" that masternodes provide doesn't matter. The margin does because that margin has to be paid for by the primary market buying newly mined coins.
Given those constraints, the only solution I see that's sustainable is one of:
- find services (other than holiday cruises, and salaries) that absorb the masternode margin to the extent that it makes the coin attractive again, or
- reduce the masternode margin to bring it close to parity with mining margin to allow time for  to develop or
- have the market do it for us (which it can do by impacting masternode margin disproportionately compared to mining margin by reducing coin price) or
- switch to POS and watch the last of us disinvest
Last edited by a moderator: