https://youtu.be/wIvcQIdSbIY?t=546I'm pretty disappointed in Evan and his explanation of Dash's instamine. In the last Fintech he said that bias can be a powerful thing, which is why he changed the name from Darkcoin to Dash. Well, i'd say that having an instamine caused by a "bug" during the time where almost every shitcoin developer was doing shady things to the code in order to get unfairly rewarded, is a more powerful bias than having the former name attached to your project.
I'm afraid that at this point we are talking about "decentralized governance" where more than 51% of the voting/rewarding power is being owned by 2 people, Otoh and Evan. If i recall correctly, Otoh admitted on having 500 masternodes not too long ago, and although the chances of owning even more are pretty high, if we take 500 masternodes and calculate the profit, we would see that those alone are giving birth to 1 masternode every 4 days. We are talking about 100 masternodes being generated every 1.1 years just by 1 guy.
Evan had and still has all the time in the world to restart the blockchain and continue with this innovation the right way, but instead he keeps reminding us how big is his share at this point, otherwise he would have no reasons not do do it.
I'm not saying that the team should work for free, even though Satoshi showed you that the opposite can be possible, without having to rely on IPO/Crowdsale/Premines, but you could've been more upfront with the method of gaining funds in the beginning. Probably the best way would've been to have a development salary proposed every month and have people agree with it via voting. Unfortunately, the idea came too late.
I'm also surprised at the fact that it took almost 1 year for the bubble to deflate. Otoh mentioned countless of times in here that he started manipulating Dash's price since last year when the price was somewhere between 600 and 700k. Sometimes i feel like the delusion is so high in here that the deflation happened because these guys were dumping their masternode revenues and not because of the people realizing that they were holding over-inflated priced coins.
