Crypto Commentary – Altcoin Breakout – Bitcoin Dominance in Jeopardy – 02/15/17

helikopterben (60)in #steem • 7 years ago (edited)

Bitcoin is slowly trending down in a very wavy fashion against all competing systems. I expect this trend to continue and possibly accelerate, because POW could possibly be superseded by a superior consensus mechanism.

I really like Dash’s Masternode system and Evolution initiative, mostly because the network has a potential better form of governance. Dash employs a hybrid POW/POS consensus mechanism to manage the network, which has proven to be quite effective. The ongoing block size debate, which has been so prevalent in bitcoin, was quickly resolved on the Dash chain.

Dash aims to be a better version of bitcoin and it uses much of the same code base. However, privacy in Dash may not be the most effective form of privacy in the cryptosphere today. The question is, will it work well enough or will the Dash network need to replace it with a superior form of privacy. This remains to be seen.

I did not post a chart of BTCUSD today as this pair is still mired in the same consolidation range as yesterday.