What do you think about open source developments in the Bitcoin ecosystem, such as confidential transactions (with whitepaper), sidechains (with whitepaper), improved smart contracts (with BIP documents), lightning network (with whitepaper), etc.? Is Dash meeting and exceeding that quality and quantity of open source development, or is it falling behind and/or going in the wrong direction? Is the market getting this wrong?
Good point and if you thought you were highlighting areas where bitcoin has an advantage, you're not. You're highlighting one where Dash has the advantage.
First of all, by their developer's own admissions, sidechains are a boilerplate solution for bitcoin's deficiencies in fungibility, performance and whatever other areas programmers care to identify. They're only there because everyone's sh*t scared to touch the bitcoin protocol - not because they are are the "right" solutions monetarily.
Furthermore, they are developed from a monopolistic mindset - one that assumes a one-world, dominant monetary medium (at least in crypto). Don't take my workd for it, take it from the
devs themselves (minute: 42;48).
I think that it’s not clear that it’s desirable or good for the concept of digital scarcity if there were to be another event where an altcoin were to take over, so I’m more pushed to the view that we should add the new features that we need to bitcoin.
Likeways, payment channels - however inevitable in any crypto that gets mass adopted - are not an inherent property of the base monetary medium and their necessity as a dependent technology detracts - not enhances - from that medium's integrity as a cash asset. For any new electronic 'token' that purports to garner value as money,
the importance of being able to function independently as cash cannot be over estimated.
The design priorities that the Dash project has set itself call for an independently functioning, high performance cash medium that has strong monetary fidelity. That's why it puts things like confirmation time, fungibility, transparency of the blockchain and compatability with the crypto-currency commercial realm at the forefront of its technical objectives.