oh wooww, moonero jumped 10 %
It doesn't hurt that XMR's biggest "privacy coin" competition, Dash, is in the middle of an increasingly bitter civil war!
https://www.dash.org/forum/threads/what-the-hell-is-wrong-with-this-picture-i-thought-we-were-a-decentralized-project.9229/ I know see why vertoe left by the way. Same shit. Same problems.
I can't tell what they're fighting over, but it appears to be a power struggle between self-appointed amateur community
leaders "coordinators" and the core team, in which the amateurs want some of same the sweet free Dash now being enjoyed by the Official bigwigs.
This is an entirely predictable outcome, as I warned the zero-sum nature of their Budget Block funding system, which creates winners and losers, inevitably pits people against each other, based on Masternode votes skewed by the instamine's maldistribution of coins.
Their ongoing "Digital Democracy" debacle (more like Distributed Anonymous Bikeshedding
) demonstrates the superiority of Monero's open-ended/positive-sum Forum Funding System, where we can make as much pie as we like rather than fighting over the scrapes of centralized budgeting.
After the DAO hack, hype and decentralization theater are no longer in greater demand than quality projects with solid security and proven crypto.
Expect more of Dash's market cap to leak into Monero's, as the wheels continue to come off the Duffmobile's HYIP noob-scamming vehicle.