I Wonder What Would Happen...

Discussion in 'Questions' started by drunkenmugsy, Aug 16, 2017.

  1. 2017/12/15 - Decred v1.1.2 released! → Release Notes  → Downloads
  1. drunkenmugsy

    drunkenmugsy Sr. Member
    Advocate (Reddit)

    Dec 28, 2015
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    #1 drunkenmugsy, Aug 16, 2017
    Last edited: Aug 16, 2017
    ...if pension funds chasing returns higher than 7% were shown a simple little slideshow. Something like this:

    1. $1,000,000 / $30 = 33,333.3333dcr
    2. 33,333.3333 / 65dcr = 510 tickets (on avg per month)
    3. 510 tickets * 1.45dcr = 739.5dcr per month
    4. 739.5dcr * $30 = $22,185 per month
    5. $22,185 / $1,000,000 = 2.21% per month
    6. 2.21% * 12 months = 26.6% annually
    7. live comfortably on less than $500,000 with enough to reinvest and grow your retirement even further.

    Pension under funding solved in just a short time.
    Granted the numbers would change a bit as market cap grows but the principle is still the same.

    Everyone should be looking at this and going 'Holy shit I could have an income of several thousand dollars per month for a few hundred thousand dollars in decred.'

    That is a marketing strategy in a nutshell.
     
    David likes this.
  2. ClokworkGremlin

    ClokworkGremlin Sr. Member

    Jan 10, 2016
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    Whatever I want.
    So good news and bad news

    Good news: see post above.

    Bad news: I expect the ticket price to increase on average by 1.4DCR(or whatever the current reward is) per month... basically, because that's how fast people (like you and me) who stake get an increase on our investments. At this rate, DCR only retains >10% annual ROI for the next 3-4 years.

    Granted, it's a really good ROI for those 3-4 years.
     
    David likes this.
  3. David

    David Sr. Member

    Jan 22, 2016
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    Even if I had that kind of money to invest, I personally don't trust our financial system enough to put that much faith in Decred. I like to think that our bank corporations (in the USA) will lobby until hell freezes over before they will accept people living their lives on a financial system that they have no control of. Not to mention our ridiculous capital gains taxes which will take anywhere from 10-30% of those earnings (depending on how long you've held them for before selling).

    The taxes alone basically negate any ROI you could expect; coupled with the increasing price of tickets over the years, inflation, and rising living costs, there goes any and all profitability. It might be sustainable for a few years, but it definitely won't be profitable under those circumstances.

    Our financial system is as much of a scam as all the new scamcoins.
     
    ClokworkGremlin likes this.

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