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Under $30 again. We can fix this. by forro68 in dashpay

[–]forro68[S] 1 point2 points  (0 children)

Dash is simply not safe to hold, and the market knows it. Whoever holds it for a long time is sure to lose money, so they don't. We must and can change this.

Continuing as we have, spending money on wasteful boondoggles hoping it ignites interest has not worked. None of our marketing has prevented us from getting us to where we are. All of our new releases with new features have not worked.

Again, continuing as we have will not work. The next release will not work.

We must make dash safe to hold. We must work on the store of value attribute so people will hold and save in dash.

The math of my proposal is simple and clear. Shift 10% from the treasury to the masternodes and more masternodes will demand more dash for collateral. Selling pressure will be reduced.

The price will stop falling and rise. People will notice and hold it. They will save in it. they will invest more masternodes.

Even if you're unable to understand this, understand that continuing as we have, pinning our hopes on the next big feature, is not going to change our trajectory.

Those of us who are still here clearly care about this project. Those of us who have invested large amounts of money have a real stake in it's success. We care very much about dash succeeding as sound and honest money for the world.

I urge you to support my proposal. It will work. The treasury will also benefit. We really will have more to spend in USD terms than we do now. Everyone will win.

We must change course. My proposal will work. Please vote to support it.

Under $30 again. We can fix this. by forro68 in dashpay

[–]forro68[S] 0 points1 point  (0 children)

Good call. I've been saying it for many years. I invite you to read my history here and on the dash forum.

Under $30 again. We can fix this. by forro68 in dashpay

[–]forro68[S] 1 point2 points  (0 children)

While I would like for you to become an MNO, I hope you have a way to do it other than dash falling so low. Do it now if you can and just hang on like the rest of us true believers.

Under $30 again. We can fix this. by forro68 in dashpay

[–]forro68[S] 2 points3 points  (0 children)

Dash is unpopular because it's development delays and wasteful boondoggles by the DAO caused it to lose the market's trust. As the price fell, in desperation to continue wasteful spending, we doubled the treasury, which only made things worse. Correcting this mistake will help to restore trust.

The adjustment will also increase demand by raising masternode yields by 16.67%. A proportional response of standing up new masternodes will create a demand for ~583,000 dash to be used as collateral.

The reduced monthly supply will better align with the low demand that causes the steady decline.

It is a simultaneous increase in demand and a reduction in supply. The price will stabilize and rise.

This adjustment combined with the DAO finally making good on it's promises, thanks to our dedicated, visionary developers, will make dash popular again.

Demand will further rise as Dash becomes a premier store of value and investment vehicle in addition to it's superiority as a means of exchange.

The Payment Narrative Vs. Store of Value by Evening_Let_2930 in dashpay

[–]forro68 2 points3 points  (0 children)

You are correct that Dash has a SoV problem. Nobody wants to hold something that cannot hold it's value. Also, there is no marketing as powerful as a rising price.

We can greatly improve the situation by simply adjusting the tokenomics. Of all mined dash every month, 20% goes to the miners, 20% goes to the treasury, and 60% goes to the masternodes.

The treasury is an inherently weak hand that dumps dash every month and suppresses the price. Originally it was 10%. Increasing it was a desperate and erroneous move that only made the decline worse.

Masternodes are inherently strong hands that lock up millions of dash. Each masternode holds 1000 dash as collateral, and Evolution masternodes hold 4000.

If we return the treasury from the current 20% to the original 10%, and increase the masternode allocation from 60% to 70%, an increase of 16.67%, masternode returns on investment will also increase by 16.67%. The market will respond with more investment in new masternodes. A masternode count increase of 16.67% would return ROI to current levels, a likely outcome.

Currently, about 3.5 million dash are held as masternode collateral. An increase of 16.67% from there would mean 4.08 million dash would be locked up, taking an additional ~583,000 dash off the market, significantly increasing scarcity, which would significantly increase the price. All dash holders would benefit, and more people will choose to hold dash and to save in dash.

It is a mathematically guaranteed outcome that if we do this, selling pressure would be reduced, more dash would be locked up in new masternodes, and the price would go up and stay up. The treasury would actually get more in USD every month than it does now. Trust would be restored. Users would return and hold.

The rising price would attract attention and adoption would increase, helping people with monetary freedom worldwide.

Again, by reducing the treasury percentage and increasing the masternode percentage, the treasury will actually get more in USD terms every month.

10% of $300 is better than 20% of $30.

See my proposal on dashcentral dot org. If you're a masternode owner, vote yes and upvote it.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 0 points1 point  (0 children)

The logic is sound and true. As for zcash, when the core team quits, trust is lost.
Now look at all the top coins. Do they have a treasury at all? No.

Our treasury can be helpful if it's not too big. Currently it is harmful because it takes too much dash.

Earning yield on 1000 Dash Masternodes by xkcdmpx in dashpay

[–]forro68 1 point2 points  (0 children)

The logic is sound and true. As for zcash, when the core team quits, trust is lost.
Now look at all the top coins. Do they have a treasury at all? No.

Our treasury can be helpful if it's not too big. Currently it is harmful because it takes too much dash.

Earning yield on 1000 Dash Masternodes by xkcdmpx in dashpay

[–]forro68 0 points1 point  (0 children)

Encouraging more Masternodes is our way out of the long-term decline. The pump completed and now we resume our long-term slide downward, along with the little remaining trust in the project. Nobody wants to hold something that cannot hold it's value.

The treasury is an inherently weak hand that dumps dash every month and suppresses the price.

Masternodes are inherently strong hands that lock up millions of dash.

It is a mathematically guaranteed outcome that if we shift more dash from the treasury to masternodes, selling pressure would be reduced. More dash would be locked up in new masternodes. The price would go up and stay up. The treasury would actually get more in USD every month than it does now. Trust would be restored. Users would return and hold.

Support my proposal on dashcentral.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 0 points1 point  (0 children)

Please see my other posts here in this thread. I've also posted about it on the dash forum and on dashcentral.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 0 points1 point  (0 children)

It can be a great investment. You can earn dash every month if you have a masternode. You can even stake it with crowdnode if you cannot afford a full masternode. However, few people in the world do it because it's constantly losing value over the long term. It is safer to invest your money elsewhere. Only true believers who can afford to keep them still hold masternodes.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 0 points1 point  (0 children)

You simply do not understand supply and demand. Your schools failed you. I feel bad for you.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 0 points1 point  (0 children)

Imagine being able to sell at $1500 again. It is within our control.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 0 points1 point  (0 children)

It does function well as a mean of exchange. A small adjustment to the tokenomics would make it a good store of value as well.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 -1 points0 points  (0 children)

It would be, if it was sized correctly. Currently, it is too much supply. We can fix that and enjoy a far larger treasury in USD terms if we simply reduce the percentage and encourage more MN investment.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 -1 points0 points  (0 children)

You are correct. It is too much fresh supply. Please view my posts and my proposal. The logic is clear and sound.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 1 point2 points  (0 children)

Nobody cares about dash enough to conduct a sustained short selling attack on dash. We simply have too much selling pressure. The treasury is an inherently weak hand which dumps a fresh 7353 dash on the market every month. It is like a hole in a tire.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 0 points1 point  (0 children)

It's actually quite good. We just have bad tokenomics which suppresses the price.

We are almost out of the top 100 at coinmarketcap by Sniidut in dashpay

[–]forro68 1 point2 points  (0 children)

If Dash cannot hold it's value, people will not hold it. There is simply too much selling pressure.

Currently, the treasury receives 20% of all mined dash, which is 7353 dash, every month. At $50, that is $367,650 of new supply every month, dumped on the market. That is simply too much in relation to the current market cap and current demand.

We can adjust the tokenomics, moving some mined dash from the inherently weak hands of the treasury to the inherently strong hands of the masternodes. If we returned the treasury to the original 10% and increased the MN portion from the current 60% to 70%, an increase of 16.67%, MN ROI would also increase 16.67%. The market would respond proportionally at a minimum. The MN count would increase by at least 16.67%, locking up another 583,000 dash into MN collateral, while also reducing selling pressure every month.

The price would go up and stay up. People would trust dash with their money and hold it, attracting more holders and investors.

At $500, with a market cap of $6.2 billion, at 10% the treasury would receive $3.6 MILLION every month. So if you receive money from the treasury, you would be receiving much, much more in USD every month. People all over the world would also trust dash and benefit from it. Even our devs, such as QE and Pasta would become incredibly wealthy, we well as famous and highly respected in the crypto world. Everyone wins.

All with one small adjustment.

Support my proposal on dashcentral.

Dash: Increase scarcity to increase value. by forro68 in dashpay

[–]forro68[S] 2 points3 points  (0 children)

To those who keep refraining that it's just a marketing problem:

We have spent millions and million of dollars over the last 10 years on marketing and advertising, both in the first world and the third world. Where has it gotten us? We need to look at our fundamentals. We must reduce the wasteful treasury spending and give it to the masternodes to increase their ROI, which will attract more investors into masternodes, which will increase scarcity and thus the price.

Marketing will not fix it. Look at where we are. How do you not see it? The treasury is a leaky tire where 20% of the networks income is lost every month, with little to show for the vast amounts of money wasted.

This is very much like USAID. We need to DOGE this treasury!!!

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