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RE: Interesting development!!! Dash....
Hm. This is really interesting. I though, that when it comes to altcoin support it would always be Bitcoin by default and then one of the alcoins in addition. But to see a project switch from BTC to altcoin... Thank you for posting.
I thought so, too...and with the upcoming changes, it is difficult to know what will happen to bitcoin, exactly...i think it will survive, based on the global adoption of it, but i think a lot of people are going to jump ship for awhile.
Agree. Personally, I think Bitcoin is now in a race for save itself. Many other coins are just technically superior or have something in addition (cloud platform, world-computer, blazing fast transactions etc) and will become more than suitable alternatives. Bitcoin basically lives of it's name and of "being first". So BTC can survive as market leader only if it reaches critical mass of adoption before other coins surpass it. First sign of decline might be an altcoin overtaking BTC market cap in circulating supply. Then it will be an open season on BTC.
Agreed. It's already happening. Dash is a sign. I think another thing to consider is that the larger, more established, less private cryptos will be under attack by the govt. I've been doing an updated market analysis and I'm starting to think that coins with an emphasis on cryptography will be important, too. Speed, security and privacy...game on.
Then there are the intra-blockchain tokens, like Ripple, that will probably be a safe bet, mostly because they are owned by the banks. Then again, they will also be the first to disclose ownership to the govt.