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Other cryptocurrencies, which are meant for payment (like Dash) will eventually make it into the mainstream. It's a matter of 1 or 2 years in my opinion. Bitcoi
by nadam 9y ago
Other cryptocurrencies, which are meant for payment (like Dash) will eventually make it into the mainstream. It's a matter of 1 or 2 years in my opinion.
Bitcoin is digital gold, that is also a valid use case IMHO, and a good first step for cryptocurrencies. (Real gold has a 7 trillion market cap.)
(Warning: this will be downvoted because of mentioning Dash. Edit after multiple downvotes: Naive people think that they will be able to stop the (by far) best payment focused cryptocurrency by silencing others. The growth of Dash shows its dominance is inevitable.)
- StavrosK 9y agoI hope so, I did send ETH yesterday with minimal fees and instant confirmation, but no stores accept ETH as payment.
- nadam 9y agoYes, funny that ETH, which is meant to execute on-chain turing complete code, is much better for simple payment than Bitcoin. On the other hand I think a solution directly designed for payment only is a better fit for this purpose, as it has a bit smaller attack surface than ETH or other dapp platforms. (Admittedly a sophisticated payment system like Dash with the Evolution update has still a higher attack surface than Bitcoin. That is why Bitcoin is perfect as digital gold.)
- Mountain_Skies 9y agoWhy mention Dash when you could have made your point without mentioning it? Dash is well known for its aggressive astroturfing. Mentioning it directly plays into that reputation, which you obviously know about since you acknowledge that your direct mention of Dash will be unwelcome.
- nadam 9y agoI just noticed that when I mention it on HN or /r/cryptocurrency I am downvoted to hell. First I did not know what it is. We have discussed it on the dash subreddit, and seemingly fans of other coins hate and FUD Dash with passion. I am trying to evaluate cryptocurrencies objectively, and try to give few emotion into it. I have found that no other currency provides the combination Dash does, which are: private send, instasend, low fees, high tx/sec and working on even more, user.friendlyness with the evolution update, DAO with treasury budget for development and markteing. A question to you: Do you accept the behaviour to downvote a normal on topic comment just for mentioning an on-topic cryptocurrency? I find this downvoting behaviour anti-intellectual.