Bitcoin vs Dash: My case for Bitcoin being a bubble.
I do believe Bitcoin to be a bubble of epic proportions. I don't think it's a fraud or pyramid scheme or anything like that. I oppose all regulations regarding cryptocurrency. The reason I believe BTC to be a bubble is this:
Putting your money on Bitcoin now is like putting your money on Nokia 10 years ago. Nokia was the king. It lead the market. Nokia was like the symbol of quality. I remember people mocking Samsung mobile phones and even the Samsung company at that time. But look at the world a simple 10 years later. Currently Dash is what iPhone used to be 10 years ago. There is a certain audience that's totally in love with the product. But that's just a small number.
But over the years that number will grow. Unlike Litecoin which was barely able to get [one full time developer after a long time](https://litecoin-foundation.org/2017/06/litecoin-team-finally-got-a-full-time-developer/) Dash has had over 50 full time developers __Paid by the Dash Decentralized Autonomous Organisation.__ Since the devs are paid by the network there is never a conflict of interest and the developers can be fired if they prove to be not good enough.
There are only 89 Dash ATMs at the time of writing. But that number is slowly and steadily increasing. You can check them out here: https://discoverdash.com/cat/atm/
The bottom line is you are not going to buy your coffee with Bitcoin. But with Dash (and several other coins that followed the example of Dash like PIVX ) you can already buy your coffee with transactions that cost pennies and __less than 2 seconds.__
img credz: pixabay.com
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UpVoted. Great read!!
Thanks.
I too think Bitcoin is a bubble at the moment, but exciting to watch nonetheless!
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Maybe you'll buy it with Omisego. Much cheaper than DASH which as its own arguments for and against it. Even if Litecoin didn't have full time developers, it doesn't mean that their contractors didn't get the job done, right?
Dash will become 10 times cheaper with the coming block size increase. LTC contractors got the job done. But they weren't funded by the network. To my knowledge only DASH, Bitshares, PIVX, ZenCash,MUE has a self funded treasury where community controls the development. Anyone can easily hijack LTC just as how BTC was hijacked into a mess. Dash and PIVX are the only coins to be able to do faster than VISA transactions for few pennies. Anybody is willing to pay few pennies. BTC fee-Dash fee difference and OMG-Dash difference isn't that huge.