Marketing ?

How about simply charging a non-zero price for the 60% of our supply that's now been turned into a free gift ?

Sidelines 

Accepted!  Good chart, man!

As always, everything is bad. Nothing changes.
DASHSCAMCOIN

Cryptocurrency market is manipulated by news, policies, upgrades of platforms. The uptrend of the market and the season for altcoins will help altcoin rise. It requires too much time to prepare for a growth but I see the slow completion of accumulation phase. I will not surprise if DASH climbs up to 0.012 or 0.016 BTC for one DASH in one month.

It only need a break out to begin and after that the price will be crazy in a month. People get lot of profit in the bull market and crazy DeFi and they will not consider or hesitate too much to reinvest in a broke-out coin.

After exponential increases, price will be corrected and Long positions will be killed and liquidated. It won't last long and I agree with you. You brought a important opinion on the reward structure too.

yes it will pump for 700%btc till end year

I doubt that very very much

Here is a good example of how sub-optimal and wasteful the reward ratio now is with the price-rise. I'll use the UK as an example because it's extreme in the sense of tax protocol but other countries are more extreme in terms of rate.

MN income now amounts to equivalent $550 dollars per week. The significant difference from mining income is that this is almost ALL profit. This now exposes more than half the entire Dash coin supply to huge statutory selling pressure in a multiple of ways.

A regular commercial operation, no matter what its nature, would grow its liabilities in proportion to its turnover. This is what happens with mining and that makes it scaleable i.e. some work is being done in exchange for the "income" which mitigates the liability generated. In the case of mining the supply is being PURCHASED by the miners on behalf of secondary market buyers. (Contrary to the assertions made to justify Spork 21 that miners were the biggest "sellers". This was flat out wrong. They are in fact facilitating the BUYING of the primary supply).

In a 100% mined coin therefore, as marketcap rises the supply is not generating a time-bomb in terms of statutory-sourced selling pressure. In Dash, however, it is.

In UK, for example, you are generating liabilities every week, so that's 30% of the reward straight away - lost to the worst, most wasteful, non growth-oriented destination = statutory taxation. But ON TOP of that, the very act of cashing out the reward to cover the tax liability triggers an ADDITIONAL liability in capital gain. The problem with this is that the gain is calculated over the POOLED cost base of the entire masternode, not the Dash price at the point of liquidation of "this week's reward". So if you bought your node even pre-christmas you'll be having to cash out over half your reward every week just to cover the huge liabilities that the node is generating.

Again, mining reward does not have this problem. It's scaleable in a way that masternode rewards just aren't. (And please don't hit me with 'b..b..but POS, ETH, Tezoz. Those chains are completely different monetary models which have on-chain "sinks" that consume the new supply. They are not mined-store-of-value models like bitcoin on which Dash is based).

This is something that is going to hit us so hard when this market reverses. The selling pressure from masternode rewards will be collosal and all because the reward ratio basis hasn't been thought through properly where mining's role as a trustless market was dismissed and the buying activity that goes on in it thrown under a bus. We will need to reverse this to restore long term health: we are not going to have a choice if we want to stay in the race with any relevance IMO.

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Bottom Line (From 1st Hand Experience)
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I am not having to sell ANY of my 100% mined holdings, not Doge, not LTC etc. I am able to enjoy capital gain from these tax-free (albeit unrealised). But I am constantly having to dump Dash on the way up because of the liabilities that the masternode is generating. Miners would not have to do this (at least not to anything like the same extent). Their liabilities are in proportion to the amount of business activity they generate, as is the value of the coin they mine. For Dash, though, the liabilities (and the consequent waste of money out of the Dash ecosystem) only get larger as price rises.

Remember that the marketcap can dump on small volume. It would be far better for everyone, including the Dash price, treasury, everyone, if Dash gains could be experienced as capital gain rather than income.

The AGGREGATE liability isn't the problem. The problem is the RELATIVE profitability between one part of the new blockchain supply and another. Weakest link in the chain drags everything else down. This is what makes us uncompetitive (relative to 100% mined coins) because they are able to absorb more of the overall buying demand than we are across crypto in general. They SELL ALL of their new supply, drawing capital value into the chain from every last coin their chain issues. We just give half of our supply away.

The massive tax liability that the MN reward sector incurs is just one signal of this "ill health" situation. It's a signal that we've got something wrong. It's wrong by Ryan's own criteria - even if you accept his premise that the supply should be restricted from the sector that "sells most".

So I don't know why you're still defending it. Something needs to be done about it.

(...and we aren't even getting any node growth. Because the Dash-denominated reward is not enough to offset dollar-denominated capital loss and opportunity cost of capital gain from 100% mined competitors) All these signals are pointing at the same thing. We've got the reward ratio wrong-wrong-wrong. We adjusted it in the opposite direction to what was needed. We need more dollar quantity and less Dash quantity in the MN reward which can only come from slashing the huge blockchain free give-away we have and starting to capitalise the supply again.



P.S. I just realised how B.S. you argument was. You're measuring the annual tax liability from the FLOW (the ongoing mined supply) as a proportion of the STOCK (all Dash ever mined) ! LoL. That would be like me saying I only pay 0.5% in tax because I've worked for 30 years and I'm measuring my this year's tax as a proportion of everything I ever earned. That's the kind of idle gatekeeper hand-waving qwizzie would have come up with to pass the time & distract attention. Maybe you've got the job now.

The problem isn't about my tax or anybody else's.

It's about Dash's chronic ranking handicap caused by a corrosive reward ratio that diverts capital away from the chain and right out of the ecosystem. Statutory tax revenues are only one of these wasteful destinations. Ask yourself for example what happens to the corresponding portion of Doge, LTC, XMR etc supply that we spend on tax ? (or even masternode margins).

They invest that in upwards difficulty adjustments. That increases the price of their marginal supply which in turn feeds through to the historical supply. So they get away with zero features and high marketcap meanwhile Dash is overflowing with features that do zip for our marketcap while we have this deadweight in place.