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Topic: Dash Price Rises Exponentially, But Is it a Bubble? (Read 366 times)

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
(Evan may design cryptosystems that can't scale to their technological promises, but his aptitude  for designing economic systems that reward early investment is well off the charts).

This.  He even leaves Vitalik in the rear mirror on that aspect.  Simply a genius.
That said, I think the biggest genuine advantage of DASH is exactly the fact that it is a centralized token system, with all the efficiency advantages that come with it.  There won't be year-long debates about block size, on Segwit or whatever.  Next week, the Emperor decides (eh, I mean, the community votes), and that's it.  Vitalik must be green with envy !  But this results in extremely efficient payment systems.  DASH is Evan's Mastercard company, mimicking as a crypto.
And this might exactly be something the adoption market is waiting for, not caring about seigniorage, true privacy, distributed consensus and all that, but just a fast, efficient payment system of which there's a guy that solves problems as they come, and get insanely rich in doing so (a bit like Bill Gates back in the old days, with computers).


My guess is Fincen and the SEC (and by proxy, the banks that lobby for laws that constitute their behavior) will have a little sit-down in Arizona and that will be the end of the Bill Gates comparison and begin the more appropriate Madoff years.
hero member
Activity: 770
Merit: 629
(Evan may design cryptosystems that can't scale to their technological promises, but his aptitude  for designing economic systems that reward early investment is well off the charts).

This.  He even leaves Vitalik in the rear mirror on that aspect.  Simply a genius.
That said, I think the biggest genuine advantage of DASH is exactly the fact that it is a centralized token system, with all the efficiency advantages that come with it.  There won't be year-long debates about block size, on Segwit or whatever.  Next week, the Emperor decides (eh, I mean, the community votes), and that's it.  Vitalik must be green with envy !  But this results in extremely efficient payment systems.  DASH is Evan's Mastercard company, mimicking as a crypto.
And this might exactly be something the adoption market is waiting for, not caring about seigniorage, true privacy, distributed consensus and all that, but just a fast, efficient payment system of which there's a guy that solves problems as they come, and get insanely rich in doing so (a bit like Bill Gates back in the old days, with computers).
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
No one knowledgeable about cryptosystems  who's analyzed dash's claims and compared it to its design has come away with "Oh yeah, that'll work great!"

It's multiple algorithms set it up for cross-chain reactions--there's a reason cryptosystem try to use one algorithm, and this is a classic example of ignorance leading to the false idealization, "Isn't more better!" It's not and this has been known for decades by cryptographers.

The instamine and coin reduction (no matter of your ethical or moral stance) added to a staking system exasperates the centralization mechanisms--this should be obvious to anyone no matter what their level of understanding--the obvious analogy would be the a poker player who has a stack that is bigger than the combined stack of his opponents--he'd have to play extremely foolish to lose this advantage (Evan may design cryptosystems that can't scale to their technological promises, but his aptitude  for designing economic systems that reward early investment is well off the charts).
full member
Activity: 139
Merit: 100
The cryptocurrency Dash has seen a significant price spike over the past couple of weeks. Dash even acquired the cryptocurrency market capitalization top three position, and is priced over US$46 at the time of writing. Some cryptocurrency enthusiasts have applauded the significant rise for various reasons, while others believe the pump just doesn’t add up.

Two weeks ago Ark Invest senior analyst Chris Burniske did some research on Dash and states, “some things still aren’t adding up.” The pumping price has caused Burniske to remain skeptical of the Dash rise as he reviews the currency’s average transaction value, daily transactions, and masternodes.

Read More Here: https://news.bitcoin.com/dash-price-rises-exponentially-bubble/
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