The whole Alt-coin markets have been damaged by the BTC/BCH drama and now by this Bitcoin Rally because everybody just wants to take free money or take some piece of this BTC growth. But the moment BTC calms down the money will flow back to Alt-coins.
So if you're all in BLK - just be patient and do not panic because with every cycle - the BLK price will be brought to the next high.
The point I was going to say for bitcoin in the spring and early summer was the delays to transactions and the giant fees. Some very silly fees were appearing just to do a basic money transfer. That backlog effect was kind of massive, I'm surprised it did not do more damage but what I think happened was the alt coins picked up the slack.
The other crypto standards acted as an emergency valve for Bitcoin while it was overloaded like that. I know more then a few were converting away from btc just to transfer stuff and Im sure others did this who might never normally use anything but bitcoin normally. So litecoin, ETH and many other coins benefited from the failure of bitcoin.
Ok so now that drama is over and the fork thing too is played out and so you have a relief rally in bitcoin. Not just the price I think but also less transactions on alt coins ? I havent checked especially but normal moves get exaggerated by leverage and speculation also. People get way too gloomy on negative trends and far too optimistic on sudden rises, the actual cogs to proper business use moves far slower.
My perception of LTC and ETH is they are well off the peak and kinda subdued in any attempt to reclaim rising trends. Thats just my take and perhaps generally too of a few alt coins. Overall this year the market is way up and even vs mining in 2014 that giant rise, making news headlines etc I'd say crypto has definitely grown above that and is not especially retracting. So being too negative now does seem correct to me
https://i.imgur.com/PQIxKX2.pngAs far as POW beating POS. POS should win this because efficiency is the tendency of free markets. Its been true many years before any of us were born and it'll be true years into the future, thats just the lay of the land I think for crypto or any system probably barring politics