RE: DTube | Are you diversifying?
BTC and ETH are having scaling problems. Yes, they are known, but how long will people be willing to hold a coin that can't even do a transaction? (Or pay huge amounts to make a transaction).
I don't think I need to justify holding steem. No transaction fees, instant transactions, real usecase with many websites, launch of Smart Media Tokens in early 2018 (which will probably change the internet in the coming years), and I earn interest for holding steem power. I think it's by far the best investment longterm in the crypto market.
I like dash as well because it solved one by one all the problems bitcoin had. No privacy? solved with private send. Transactions take too long? solved with instant send. Transaction fees? solved. it's now around 10-20 cents at worse.
Can't scale? solved, masternode system + designing of specific hardware currently being worked on. Stupid forks coming out of nowhere? Solved again with the best possible governance system. Masternode just vote on decisions, which can be made in a 24-hour instead of a year long debate about segwit or block size increase. By the way this governance system also solves the conflict of power in the organization (like we have seen between bitcoin core developers and bitcoin miners): Dash is decentralized autonomous organization, it runs itself with masternode votes.
Oh I almost forgot. Biggest problem in crypto? Developers are not paid for improving and designing cryptocurrencies, and they often have to work some other job at the same time to have an income. They either rely on donations or on the increase of the coin's value if they bought some early on. Solved again. Dash has a self funding mechanism. 10% of the inflation goes into paying developers and funding projects. Projects are again voted on by masternode owners in a democratized fashion. This self funding mechanism is what allows Dash to have one of the best working teams, developing team, and marketing strategy.
The release of Dash evolution in 2018 will be revolutionary.
Thank you for the thorough answer. I agree and see the problems with both BTC and ETH, but i don't know that they won't be fixed. I think pretty much everyone agree that something needs to happen. But i also think writing them off is a bit premature. Additionally i also think that if end, they will not end with a bang but fizzle out. BTC, because it is the trade coin, and i think lightning will reduce network pressure enough to keep it in that place, ETH is the basis for so many other coins, which i think will keep it going for long.
Thus i think it is reasonable to hold them and bet that they will increase. In my eyes they are the "safe" crypto bet, which is why i like them for portfolio diversification. I think that betting it all on two specific coins like this is a bit risky. At least for me.
I really like the idea of steem even though i don't fully understand it yet. I am still reading up on it.
As for Dash i have a hard time evaluating its merits compared to other "privacy coin" however, the few of their promo videos seem a bit dishonest to me. Then again i don't really understand the premise yet apart from the privacy part. The democratization stuff does sound interesting though.
I have yet to make any serious decision on what coins to back as it is quite the task to evaluate each of them, and just a hobby.