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RE: SmartCash vs DASH: Governance Compared
I think it is difficult to to deny DASH's success. The master nodes is making the whole network run better and faster than bitcoin. The progress has generated a lot of wealth to those who saved DASH.
I do not know all the details to smartcash but think as one hordes more of the coin they will have likely more saying power. Well then would that not make it very similar to DASH as in the more you own of it the more you can control.
If I can spin it a little is one would hope smartcash follows the same success as DASH and become a highly valuable coin to horde ;)
Thanks for reading my article. There is no taking away the value of MasterNodes as implemented by DASH evident by the numerous copycat coins around. The challenge I see here is that as the price of DASH rises it has become difficult to engage in the Dash project today unless you are extremely rich. To anyone who has just started their journey into Cryptocurrency or young adults on their first job DASH is hard to enter. The cost of putting in a proposal is also steep. On the DASH blockchain the only real way to own the coins is to buy and the mining Hashes have gone through the roof with all the X11 ASIC speaking as someone who has tried both.
The key difference is that holding SmartCash would also increase your holdings through SmartRewards and you do not need 1000 SMARTS to vote. When SmartCash becomes $500+ like DASH is today there would be more people who can engage as the cost of participating would be $500 while DASH at the same price is $500000.
Interesting that 9 days after DASH is $700! What a difference 9 days make.