the purpose of this Epic Pump is intended to "buy legitimacy" for the Dash coin project AT EVEN A VERY EXPENSIVE MARKET MANIPULATION PRICE just because a go-for-broke Hail Mary Pass *will* be necessary if it's going to survive?
In other words:
1. The Master Dashers use up all their firepower ammo in this epic mother of all pumps JUST TO GET their coin UP in market cap rating to #3
2. The TIMING of this just when Bitcoin is going thru the worst point of its scaling political problems is "interesting" to say the least
3. Achieving #3 Market Cap Position, Dash gains very valuable media attention and Internet "chatter" - "success breeds success!" in theory
4. This apparent "victory" of DASH as "King of Alts" as "Bitcoin 2.0" then leads to (they hope?) actual MERCHANT ADOPTION...
5. Merchant adoption provides users someplace to actually spend their Dash at faster and cheaper transactions than FAILING BITCOIN can do!!
6. Virtuous-Cycle of #3 to #4 to #5 continues a while (they hope?)
7. Finally... number #6 goes on long enough to take on its own life BEFORE THE PUMPERS run out of FUEL and the whole efforts crashes and burns...?
Is it really just a Poloniex-based, simple P&D operation as seen before, but just THIS TIME on a larger scale than's ever been attempted previously??
The Dash scam won't even come close to touching Pirate's record for BTC lost in a HYIP P&D.
All that you say is true, and more.
Take what you wrote and magnify it by the effort Roger Ver is putting into making Bitcoin look bad via shitcoin jesusing.
He's pumping Dash because he needs it to take as much of the oxygen out of Bitcoin's room as possible.
Pumping Dash feeds Ver's false narrative about 'zomg Bitcoin is loosing precious retail coffee transactions!!121!.'
The Dash community has identified a legitimate flaw in Bitcoin, the blocksize scaling / lack of tail emission issue, and then used this in a marketing pump for Dash. The problem with this is that Dash has the very same flaw, as Bitcoin, only worse, since in Dash the falling block reward has not only to support the miners but also the masternodes and their project budget. All of this has nothing to do with the controversy over the Dash instamine.
Coins that do not have this issue because they have a tail emission include Ethereum, but not Ethereum Classic, Monero, Dogecoin and Aeon. DigitalNote has a tail emission but it may be way too small. Monero has an adaptive blocksize limit and the fee structure to go along with it. It would not be difficult to retrofit Dogecoin with a similar adaptive blocksize limit / fee structure, and in principle although more complex it should be possible to do this with Ethereum.
Monero like adaptive blocksize limits without a tail emission will lead to an insecure coin. Bytecoin, and many Cryptonote coins for example are living on borrowed time because of this. The way to understand this is how fees work in Monero, where fees are proportional to the (emission) / (Effective median blocksize). If the emission goes to zero then so do the fees and the coin becomes insecure. This by the way is the concern of many in Bitcoin Core who choose security over scaling for obvious reasons.
I have not seen a solution to the fee / scaling issue for Bitcoin and similar coins with a fixed total number of coins, other than having the blocksize set by a miner vote. (BIP100 type solutions)
https://en.bitcoin.it/wiki/Scalability_FAQ. This may work in a competitive environment where Bitcoin is competing with other payment solutions; however it could also lead to a situation where a mining cartel tries to take the market cap for themselves.
Edit 1: The Dash market cap is around 530,000 XBT and I understand that the pirateat40 losses were closer to 700,000 XBT. Still it is getting close.
Edit 2: It is possible to use demurrage to generate miner rewards while keeping the total number of coins constant, as in Freicoin. Demurrage may also work generate to miner rewards in order to secure sidechains with a fixed number of coins.
