Cryptocurrency revolution

Bitcoin rose, fell, and bounced back on the promise of practical use. Its world-liberating technology, initially a plaything for nerds, proved its mettle with viability for business, especially for international transfers. The rocket that took cryptocurrency’s favorite coin #ToTheMoon was engineered by the hundreds, if not thousands, of entrepreneurs willing to leverage its amazing tech for the good of humankind.

Now, something interesting is going on, virtually unnoticed: businesses are flipping. The great “Flippening,” or market share filtering from Bitcoin to Ethereum and other top coins, has received a certain deal of publicity. The more important trend, however, that of a “Business Flippening” over to Dash, is coming along much more stealthily.

High fees and slow transaction times take their toll on business

The scaling debate has become all too familiar, divisive, and unproductive. However, in the midst of the disagreements, mudslinging, and useless partisan banter, some universal grains of truth drop through, highlighted by those who feel the effects of the scaling impasse firsthand, foremost of which has been early Bitcoin investor Roger Ver:

While this mantra is very familiar to Ver and the Bitcoin Unlimited side of the equation, the universal truth it leverages has rippled throughout the whole Bitcoin business community. BitPay CEO Stephen Pair noted how his company’s costs have gone through the roof because of transaction fees:

Coinbase has similarly experienced issues, and as a result can no longer afford to pay transaction fees for customers:

Vinny Lingham, co-founder of Bitcoin gift card service Gyft, also noted the inherent adoption barrier that high fees pose:

The “Business Flippening” will seem to come out of nowhere

This “Business Flippening” for Dash will continue to happen quietly, unnoticed by the general crypto mainstream, but no secret to the Dash community. Then, all of a sudden, the collective consciousness (and market) will wake up to Dash’s stealth takeover, and nothing will be the same again. The Bitcoin world will probably feel blindsided, but to anyone paying attention, including anyone who has read this article, it won’t come as anywhere near a surprise.

The Soviet Union continued on triumphantly for years, seemingly stronger than ever, while behind the scenes its unsustainable model was coming apart. When the Berlin Wall at last fell, insiders had seen this coming far off, while to the rest of the world it appeared as if the USSR collapsed for absolutely no reason. The same will be the case with cryptocurrency-leveraging businesses, formerly reliant on a tech that has now moved on to other purposes, quietly switch to one that will serve their purposes, and the cryptosphere at large suddenly wakes up to the realization that no one buys stuff with Bitcoin anymore.