Dash Bloodbath (Lock MN collateral blockchain-wide, spend more budget funds on dev)

[RGXDK]

Let's just hope the price doesn't drop to $0. If it does you and I lose it all.

Perhaps investing in cryptocurrencies is not for you. Imagine if you had bought bitcoin at $250 and watched it drop to $100... would you have sold it? No one is going to change anything over a price drop because we are not traders, the dash community is here for the long term, not to make a a quick buck.

 

[RGXDK]

I'm not gonna take a net loss. Got bills to pay.

Ahaha. You've put the money to pay your bills in crypto? Ahahah

 

[David]

Let's just hope the price doesn't drop to $0. If it does you and I lose it all.

I don't know about him or you, but many around here have a cost basis of zero, having sold enough to cover their initial investment. In that case, "losing it all" is meaningless.

I don't say that to be mean; I say that to give you insights into the psychology around here. Most folks around here don't care anything about what the price is today because a) we believe Dash has a stunning future, and b) because our cost basis is low, zero, or even negative. When those two things are true, it really affects your outlook.

To be fair, we went through some stomach churning drops, so I feel your pain. Buying at $12 and seeing the price drop to $1.20 two months later is pretty awful...

 

[Acedian]

I don't know about him or you, but many around here have a cost basis of zero, having sold enough to cover their initial investment. In that case, "losing it all" is meaningless.

True that. I mined bitcoin years ago, sold until I had my original investment back and then moved 90% of the profit into Dash.

I would hate to be a trader, far too stressful. Hosting a masternode for a few years just gives me a warm fuzzy feeling. I am kind of happy if the price drops, I was getting paranoid when my masternode was worth 100k. I was like this security isn't good enough, aaahhhh security audit for days

 

[slamdunk]

If you think DASH has problems, have a look at the EURO!

Feel better?

 

[Voluntary]

A phrase I learned from a local trouble maker - testicular fortitude. Highly recommended.

 

[TroyDASH]

It's when I start seeing threads like this with people panicking, that I know it's a good time to start accumulating more.

 

[crowning]

The Masternode system looks like isn't working as intended. The purpose is for the price to be more stable but this price drop has proven Dash is far from that.

Masternodes were not introduced to stabilize prices, it's only a (welcomed) side effect. No reason to discuss further based on this wrong assumption.

 

[Anonymous Dude]

Masternodes were not introduced to stabilize prices, it's only a (welcomed) side effect. No reason to discuss further based on this wrong assumption.

My mistake then. I thought that was the purpose, Amanda said so in one of her vids .

Nonetheless, it isn't a bad idea to consider. Once Dash begins to get used by a large part of the population, or multiple countries (if it gets there), it wouldn't be bad to consider queue's for retrieving MN funds, or a set time to do so.

It doesn't make sense to me Masternodes can sell they're coins and plunge the price 50% overnight. If that happened to the dollar overnight, you'd have riots and looting the next day.

Make sense?

 

[Dandy]

It's actually possible that it will happen to the dollar at some point in the future, considering the state of the US economy.
That being said, I don't think that lot of masternode selling at the same time is a viable concern, because even if some sell, there will be new ones coming online. The current price hike is a good example because masternode count remained pretty stable throughout.

 

[slamdunk]

Time locked MN rewards smell like capital controls.

If that happened to the dollar overnight, you'd have riots and looting the next day.

Liquidity does not allow for this with USD. DASH's liquidity is sure to increase, meanwhile, hodl on!

 

[RGXDK]

My mistake then. I thought that was the purpose, Amanda said so in one of her vids .

Nonetheless, it isn't a bad idea to consider. Once Dash begins to get used by a large part of the population, or multiple countries (if it gets there), it wouldn't be bad to consider queue's for retrieving MN funds, or a set time to do so.

It doesn't make sense to me Masternodes can sell they're coins and plunge the price 50% overnight. If that happened to the dollar overnight, you'd have riots and looting the next day.

Make sense?

Dude... we didn't care the the price when up 3000%, we also don't care that the price is down 50%. We are in for the ** long term **. You're the only one panicking here, calm down.

 

[Voluntary]

The only reason I'm holding other crypto currencies is to take advantage of panicking idiots - and then start another masternode.

 

[Fount4inhead]

The masternode system is not designed to make the price go up. To say it's therefore not working is short sighted.

 

[Megahashman]

Some people get an upset stomach from roller coasters, best they just stick to the bumper cars!

 

[GrandMasterDash]

Dash down and PIVX has been rising.. just saying, I realise they are worlds apart!

 

[DashEcon101]

I thought the point of masternodes was to provide a service to the network and assist in mixing and instant send. Price and value are secondary to this and not the driving force of a masternode. Locking masternodes from selling is wrong and will have many negative effects on many levels and it's not a well thought out idea.


Sent from my iPhone using Tapatalk

 

[fernando]

It's when I start seeing threads like this with people panicking, that I know it's a good time to start accumulating more.

The time to buy is when there's blood in the streets.
Baron Rothchild

You pay a very high price in the stock market for a cheery consensus.
Warren Buffet

I could go on for pages and pages

 

[ronmiz]

A family member of mine wanted to invest 50k in Dash. After having seen this price drop, he took his money and put it in stocks.

At all time highs, it may not be such a wise move. Dollar cost average on the Dash pull backs is my strategy.

Sent from my SM-N920T using Tapatalk

 

[Anonymous Dude]

Ya'll need to release that coinbase rumor info because this thing has no bottom.

 

[demo]

My mistake then. I thought that was the purpose, Amanda said so in one of her vids .

DASH: Detailed + New Weekly 'Spotlight' Series 2017-05-19 03:27:04 215 Dash
Proposal: Core Team Salaries (April) 2017-04-19 21:36:33 397 Dash

Advertising costs half the price of development!

This is a very bad sign, and the reason why dash fall.
Who wants to invest in a advertised bubble?
They didnt even pay for a decent installation script!

 

[Anonymous Dude]

DASH: Detailed + New Weekly 'Spotlight' Series 2017-05-19 03:27:04 215 Dash
Proposal: Core Team Salaries (April) 2017-04-19 21:36:33 397 Dash

Advertising costs half the price of development!

This is a very bad sign, and the reason why dash fall.
Who wants to invest in a advertised bubble?
They didnt even pay for a decent installation script!

That's insane. Didn't notice that.

 

[Dandy]

You are forgetting that the Dash Detailed proposal is from the time when Dash was worth less than 30$ and April Salaries proposal is from the time when Dash was worth more than 80$

 

[demo]

You are forgetting that the Dash Detailed proposal is from the time when Dash was worth less than 30$ and April Salaries proposal is from the time when Dash was worth more than 80$

This is the fault of the masternodes. Why did they approved such a proposal?
Why one marketeer to get paid half the salary of all the core team?

Dash is still highly centralized, 10-20 people who own a lot of masternodes decide everything here. And those masternode operators who hold most of the voting power are either stupids, or blinded by the money they suddently got, or just indifferent about the future of Dash. They are already rich, so why care about Dash? The advertised bubble will explode one day into the hands of the new generation of Dashers who invested money on it, instead of investing time to fix the stupidity of this community.

This is the sad truth.

 

[Anonymous Dude]

You are forgetting that the Dash Detailed proposal is from the time when Dash was worth less than 30$ and April Salaries proposal is from the time when Dash was worth more than 80$

Why are proposal budgets denominated in DASH and not USD?

 

[Dandy]

This is the fault of the masternodes. Why did they approved such a proposal?
Dash is still highly centralized, 10-20 people decide everything here.
And the masternodes who vote are stupid.
This is the sad truth.

Why?
When the proposal was approved, it was priced fairly.

When the proposal is evaluated, the fiat price of Dash is always considered, but the Dash network can only create Dash, not USD.

 

[demo]

Why?
When the proposal was approved, it was priced fairly.

When the proposal is evaluated, the fiat price of Dash is always considered, but the Dash network can only create Dash, not USD.

It is because the masternodes dont vote the numbers. It is the fault of the governance system itself. And it is the fault of the masternodes who refuse to vote for the research and the development of a decent governance system, but they insist of spending the budget money for advertisers and marketeers.

Most of the voting power resides in the hand of the old Dash guard (the generation of 2014-2016) who dont care too much about the future of Dash, at least not as much as the new Dash generation and investors do. The old Dash guard they just want to exchange their Dash to fiat and get rich. Most of them they are already rich, and they dont care at all. The remaing old guard having this short term goal of becoming rich, they prefer to invest in the short term and futile advertising (that attracts the innocent and naive new generation and makes the bubble inflates) , rather than invest in the long term research and development.

 

[Dandy]

Ok, so how would you do it, if you are so smart?

 

[Anonymous Dude]

Ok, so how would you do it, if you are so smart?

I don't get it dude. If someone proposes to obtain $20,000 well, dash.org gives them $20,000 in DASH at the time of handing out the money.

How is that difficult?

 

[Dandy]

You don't understand how the system works then. The Dash is created and distributed to the proposal holders automatically by the Dash system. Nobody hands out the money manually.
Dash system is not aware of any other currency, so it cannot take it into account. Also, linking it to any other currency would be extremely wrong and completely contrary to the basic function of the cryptocurrency system.