T
toknormal
Guest
(I posted this on BCT but just realised I should really have posted it here).
I've lost track of who's running polled masternode services, but I think a huge window has just opened for them.
There is now a whole new generation of bitcoin whales, sitting on big profits from the Ethereum revaluation. Those profits are not doing anything at all. They are earning zip return. Nada.
Dash has a reserve currency market that pays a return. It seems an open goal to me since there isn't anywhere else they can put their funds that gets them such a high a return - no banks, no money markets, no bonds. (There are some POS coins - but quite high risk. Dash is getting a lower risk investment with every year that passes, especially at the current price).
It's no different from what hedge funds do - they put some of their holdings in risk assets and some in fixed income. Even in the fixed income sector they diversify - some $US treasuries, some corporate bonds, a small amount of junk bonds, some Swiss bonds, whatever.
The Dash reserve market is one of those (fixed income) destinations in crypto - currently just about the only one. The fact that the 'pooled masternode' services allow people to invest any amount at all is immense.
I'd say it may be perfect timing for a promo campaign in combination with a packaging of the product which ditches the technical theme and introduces a more financial theme.
I wouldn't market it as a masternode service. In fact I wouldn't even bother mentioning the word 'masternode' other than in the contract text declaring where the funds are invested. (Think of it like a pension fund that invests in fixed income bonds of different types. They don't bother their clients with the specifics of the actual assets, just with what the guaranteed return is).
I'd market it simply as a financial product for cryptocurrencies. You could even do a bitcoin one if you can find a way to hedge the exchange risk
I've lost track of who's running polled masternode services, but I think a huge window has just opened for them.
There is now a whole new generation of bitcoin whales, sitting on big profits from the Ethereum revaluation. Those profits are not doing anything at all. They are earning zip return. Nada.
Dash has a reserve currency market that pays a return. It seems an open goal to me since there isn't anywhere else they can put their funds that gets them such a high a return - no banks, no money markets, no bonds. (There are some POS coins - but quite high risk. Dash is getting a lower risk investment with every year that passes, especially at the current price).
It's no different from what hedge funds do - they put some of their holdings in risk assets and some in fixed income. Even in the fixed income sector they diversify - some $US treasuries, some corporate bonds, a small amount of junk bonds, some Swiss bonds, whatever.
The Dash reserve market is one of those (fixed income) destinations in crypto - currently just about the only one. The fact that the 'pooled masternode' services allow people to invest any amount at all is immense.
I'd say it may be perfect timing for a promo campaign in combination with a packaging of the product which ditches the technical theme and introduces a more financial theme.
I wouldn't market it as a masternode service. In fact I wouldn't even bother mentioning the word 'masternode' other than in the contract text declaring where the funds are invested. (Think of it like a pension fund that invests in fixed income bonds of different types. They don't bother their clients with the specifics of the actual assets, just with what the guaranteed return is).
I'd market it simply as a financial product for cryptocurrencies. You could even do a bitcoin one if you can find a way to hedge the exchange risk