******** Massive Opportunity for Operators of Pooled Masternode Services *********
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 massive promo campaign.
I wouldn't market it as a masternode service. In fact I wouldn't even bother mentioning the word 'masternnode' 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 wouldn't say nowhere, I've put my ethereum profits into margin lending, and it's earning me a fair amount.
Although as someone with about a 1/4 stake in a pooled MN, I do agree
. Although the time it has taken me to earn 5 dash has been much longer than simply lending out BTC. I've already made enough in a month margin lending out 2BTC to buy 5dash than 2BTC in a dash MN would have made me in a month.
I still don't deny that having a stake in an MN is awesome and as a former dash GPU miner (no point now since ASIC will destroy profits) I'm happy to have a constant stream of dash for the foreseeable future, but simply margin lending has given me more back than simply having a stake in a dash node. Obviously the return will be less stable since this past month there has been a substantial increase in alt trading and pumping, so effectively people selling shovels (i.e interest lending margin loans) are able to make a fair amount.
Just thought I'd add in my 2C
