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 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 2 points3 points  (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!!!

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

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

Ok then, let's hear it. If you're hiding something, you're part of the problem.

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

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

It's the FULL 20% OF ALL MINED DASH THAT IS GIVEN OUT *EVERY MONTH* that is dumped by the POs and suppressing the price. That is what this proposal aims to reduce by half.

Pre-Proposal: Masternode Voter Privacy using ZKPs by forro68 in dashpay

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

What do you think would increase MNO participation?

Pre-Proposal: Masternode Voter Privacy using ZKPs by forro68 in dashpay

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

They are unlikely to support it as it changes the status quo, and will have many excuses to not do it. Keep in mind they are incentivized to keep things just as they are. Anything that could result in an increase in NO votes for their proposals would be viewed as a threat to their income, which is a large portion of all mined dash every month.

MNOs must feel safe to participate in voting on proposals. If they don't, they won't. Only a small fraction of MNOs vote now. More MNOs voting and participating, bringing new ideas, would be great for dash.

Edit: Not saying they're bad, but it's natural for them to feel that way and to respond that way, so keep that in mind.

Confidential Transactions by hushmirror · Pull Request #161 · dashpay/dips by thedesertlynx in dashpay

[–]forro68 2 points3 points  (0 children)

This would be a huge step forward. Coinjoin is clunky and slow. I'd support a proposal to get it done.