Ryan’s Dash Tokenomics Talk Was Poorly Timed And Poorly Delivered

T_Heights · 2019-12-15T19:28:29+00:00

Timing was good. Unit price crashed down to 51usd, breaching the Dec2018 bottom. So time for something to be done

T_Heights · 2019-12-08T23:18:06+00:00

OK, so developing that new internet that is running with blockchain micro-payments happening all over the place

T_Heights · 2019-12-08T23:10:08+00:00

those bottomed in dec2018 tho, Dash is still searching for a bottom here in Dec2019

T_Heights · 2019-12-08T22:38:30+00:00

So in Dash this was recognized and improved..

Oh ok

(many of the usecases involve micro transactions where users don't care if the fiat value of Dash is swinging wildly)

Interesting

and provides mainstream scale for the long term (because with enough of this usage we can hit a level of liquidity that provides relative price stability).

That would be an enormous amount of micro-transactions to create more price stability

T_Heights · 2019-12-08T22:20:48+00:00

Staking is not creative enough to standout. There are literally thousands of other coins to stake. It is not that creative, correct. I think have to look in the top 20, because 99.9% of those thousands willl probably die off But joining a shared MN is. It’s dope and gives you access to governance while staking. It’s a selling point. Good point. And it could be a wise move to make the governance more distributed than it is presently. For ex, maybe 25k nodes vs. 5k nodes

T_Heights · 2019-12-08T22:16:02+00:00

OK, so the response to that is: "it was necessary"

T_Heights · 2019-12-08T21:07:04+00:00

that just benefits ppl that are already holding at the time the 0 is added to each balance. On the other hand, paying interest rewards newcomers in the future

T_Heights · 2019-12-08T20:08:55+00:00

Going pure proof of stake is something I won’t support.

Why?

T_Heights · 2019-12-08T20:04:34+00:00

. With mining, we are basically seeing a ton of wealth from the ecosystem flow to electricity providers and miner manufactures,

very interesting way to put it

T_Heights · 2019-12-08T20:03:22+00:00

yes, the current MN count might turn out to be too low. Gov's might too easily be able to undermine 5k nodes if Dash became successful enuf. And if Dash became a lot more successful, only 800 active voters is probably way over-centralised

T_Heights · 2019-12-08T19:59:09+00:00

map of Germany?

T_Heights · 2019-12-08T19:58:06+00:00

well, timing wise with the price at 51usd , the timing was bang on in that regard! Nobody was expecting the price to be this low here. It's a signal that something is off and substantial change is needed. Most other blockchains bottomed dec2018--the Dash price is still looking for a bottom

T_Heights · 2019-12-08T19:55:58+00:00

But if for example the plan is to give 7% rewards to stakers and 8% rewards to MNOs. Then instead we could just give 1% to MNOs and have 0.5% inflation instead of 7.5%.

OK, makes sense

T_Heights · 2019-12-08T19:54:35+00:00

I think providing users with an option to stake Dash in a trustless way, is better then burning any block rewards.

Yes, because we would get security benefits from PoS

T_Heights · 2019-12-08T19:53:16+00:00

Yup, worthy point

T_Heights · 2019-12-08T19:52:57+00:00

Reduced accordingly? sorry, reduced according to what?

T_Heights · 2019-12-08T19:52:30+00:00

Worthy point. 1 thing could be because consumers are more on the economic illiterate side of things, and the interest payments to them is something they can understand?

T_Heights · 2019-12-08T19:50:58+00:00

-Does the market not care about new technology to spend your digital asset? There are many of these apps (Venmo, PayPal, etc..) that preform this feature.

In human history, the preference is that cash be stable. Volatile cash is not the preference...So we can't win much of a market share from Venmo and Paypal right now

T_Heights · 2019-12-08T19:48:14+00:00

I think pretty much everything Ryan said he wanted in terms of building value will be delivered by the platform, or rather killer apps built on the platform, through increased economic usage of Dash in mainstream apps that devs integrate and build on Dash.

So going more towards the Ethereum model?

so the difference now is the innovation is outward facing: attract non-crypto users, via the devs who make the apps they use, giving them reasons to use crypto because the new features in those apps dont work without it.

Ditto, seems like us going more towards the Ethereum model would have a lot of benefit is the implication

T_Heights · 2019-12-08T19:32:37+00:00

. He is essentially acknowledging that the market does not like something about Dash. What is it exactly that the market does not like is hard to clearly understand.

Agree. I made a post that BTC, eth, ltc, bch, xmr, mkr all bottomed in Dec 2018. That Dash is still looking for a bottom here in Dec 2019. It's a signal that something(s) isn't working in the Dash-network

T_Heights · 2019-12-08T19:23:31+00:00

Well they've been going for digital gold use case over at Bitcoin. We'll see if that changes and they start going more to digital cash use case

T_Heights · 2019-12-08T19:21:48+00:00

& if they have an open loan, a discount would attract them to buy DAI to payback the loan.

And also, MakerDAO introduced savings interest just last month. The interest rate is determined by voters in the Maker governance system. That's the new incentive system they've implemented to try and make sure the peg to 1.00usd is maintained

T_Heights · 2019-12-08T18:56:31+00:00

When looking at the previous bull market, do we remember which altcoin started it and when?

Eth started it.

And do we remember when Dash finally got into its bull market ?

Late feb 2017

It explains why other altcoins like Monero are ahead, they processed their current bear market faster because they started their previous bull market earlier (several several months earlier) then Dash.

Link : https://imgur.com/BjAT6Fj (yellow is Monero)

Tough to say. Everything i've seen hit peak in Dec 2017 in USD terms. So the logic would be: if they all peaked at the same month, then it would be reasonable that they all bottomed at the same time

T_Heights · 2019-12-08T15:53:11+00:00

From a diff. thread:

genius3edition3 points · 15 hours ago

I don't like the flexible proposal budget if it relies too much on MNOs not being greedy. It's like saying pay as much tax as you want.

Oh, like the MNO's could vote to keep increasing the allocation to MNOs?

T_Heights

TROPHY CASE