it wasn't until Gmaxwell (and Toshi too?) decimated your understanding on cryptocurrencies
Really ? LoL
Well, I'm happy to leave that interpretation to anyone who cares to check out the history. Suffice to say, the glee with which yourself and co-horts jumped on that little episode about sums up the depth of your contribution to this whole debate.
The point being made was that
encryption was never a significant part of
cryptocurrencies which still stands.
Ever heard of creating a "straw man" ? You should have because it's something you excel at. It means addressing the argument that the other side
isn't making to draw attention away from the one that it
is.
In the quoted thread the evaded point is the one I just made above regarding encryption. In this thread your straw man is the validity or otherwise of Dash's instamine as opposed to the extent to which has market viability independently of its launch. The reason you need to create straw men is simple - your case would be dead in the water if you had to address the relevant point since we've now had a year's worth of open trading, attacks and trolling on Dash during which time the 'instamine' has been promoted to almost hysterical levels and during which time it's done nothing but gain value since it's post May 2014 correction.
The reasons for that are well documented, here and everywhere else, but broadly speaking amount to the fact that people do not care how they get their hands on cryptocurrency assets - whether through mining or markets - as long as they can get them, and get them for what they perceive to be a competitive cost, again whether that be a mining cost or a monetary one.
Your arguments are bogus, as are your straw men, as are your technical appraisals regarding the use of cryptographic obfuscation in the public blockchain. Fortunately everyone can see it except a of your fellow deluded space cadets who follow the same short-circuted logic regarding monetary properties and what makes money work on an electronic platform.