what are yalls theories to why dash & ethereum are out performing us so big league
Go back a bit in this thread and read my posts lately regarding possible Hail Mary Pass gambit by DashMasters, i.e. last ditch attempt to buy some kind of market adoption, merchant acceptance, etc, to get actual *transactions* going "artificially" in order to 'legitimize' their scamcoin project ... before other coins (cough xmr cough) take over real market segments like the DMN's and coinbase adoption, etc.
Most here have pretty much shot down my idea on theory that it's simpler and more likely just a straight up Pump & Dump (same as has been done with Dash several times before already, just look at the chart, albeit THIS time on a much grander scale)...
But unless and until the DUMP actually comes I am going to very carefully try to monitor actual Dash transaction volumes just in case they really *are* doing something like this. It's a desperate play but may actually have a small chance to succeed... maybe (?)
That's re: Dash anyway. As for ETH? No clue LOL
I read all your posts with interest, Sir. And I think it has been more than a straight P&D, but not sure how they think they can increase adoption when even BTC has little 'mass' adoption.
They have been vying for (ok, buying) a position which puts them as a pretender to the throne with their actions, though. How far it will work remains to be seen.
What has been happening is an alts bubble, which has pushed BTC share of all crypto down to around 70%. This is a huge fall in BTC market share. It's probably due to the near civil war over the blockchain scaling solution, which does not look like being solved very soon and may even result in a contentious fork. Also post-ETF excitement, you are left looking at transaction time backlogs and increasing fees to get through as fundamentally forcing BTC retreat to a position as 'the settlement system' and abandoning the 'buy your coffee with BTC' market - as mass adoption will be impossible for BTC to deal with as it stands. Bitcoin cannot even think of competing with Visa.
Step up the first alt that wants to be accepted in every Starbucks?
ETH is hugely above Dash and XMR in terms of market cap - it's over $4 billion. Most of that non-BTC 30% BTC cannot claim is currently ETH, due to its rise in size and market importance. I can't see it disappearing in a hurry and had it not been for the DAO disaster and fork, I think it would been 'heir apparent' to BTC already.
We are still in the top 3 alts and as such a contender - and we have a tech superior to Dash and of course fungibility by default.
So if Dash fails (and I think it will stumble) then it's us and ETH (for now).
Not bad for the 'no marketing' coin
