Could Dash be one of the big winner's with Bitcoin uncertainty growing?
Could Dash be one of the big winner's with Bitcoin uncertainty growing?
Here is the market stats
Market Cap: $1,445,307,857/ 571,638 BTC
Volume (24h): $90,425,200/ 35,764 BTC
Circulating Supply: 7,447,775 DASH
Max Supply: 18,900,000 DASH
Rank: 5th most valuable cryptocurrency
Current Price: $194.06 (-6.33%)/ 0.07675290 BTC (+1.64%)
The current Bitcoin uncertainty highlights the diverse personalities and beliefs in the cryptocurrency community. Probably it points to an issue we don't give enough attention, the issue of governance. How do we peacefully, efficiently and effective co-exist as users, developers and promoters within this decentralized ecosystem? That's where I appreciate DASH and the system they have developed where users, developers and the entire community can exist with minimal disruption. That system is call DAS (Decentralized Autonomous Organization). Here is a video clip of one of the community well known personality explaining the concept
I was also very impress with rapport and presentation of DASH Core Team Q2 results and their achievements. Here is a list of some of their Q2 achievement
- DashCore v0.12.2 Preparation: 2MB block, 10x lower min fees, stability & performance improvements
- Multiplatform Wallet (DashPay): Android build, BWS implementation, InstantSend
- Evo Front-end: UX Flow development, UI Platform selection
- DAPI, DashDrive: DashAuth Integration, POCs building, research
- Evo Implementation Roadmap: Launch dates and milestones
Here is a link to Dash Core Team Q2 2017 Summary Call
As you can see from their presentation, they have learnt quite a lot from their past experiences and the ecosystem has really matured into a credible and highly respected cryptocurrency.
The market would continue to reward projects that show promise and certainly in the face of uncertainty this cryptocurrency is lifting its head above the water. I wish DASH and the entire community much success and it would be interesting to see where they stand 1 year from now.
Dash is one of my favorite digital currencies. The team knows what they are doing, and is usually ahead of the problems in the cryptosphere.
Yep, they are extremely focus, and very pro-active rather than re-active... they at least understand that they are offering a service... they even went as far as dropping fees even before it becomes an issue... they are very engage with the audience
The no fees I am particularly excited about. It gives them a fighting chance against the likes of Steem
Steem is great, they have everything to take this thing by force, their wallet in itself is a cryptocurrency by itself... what all these cryptocurrency are offering, Steem offers for no fees added to the fact that you can access your wallet anywhere in the world, no need for an app or download or any of the sort... my problem here, they are not proactive, its great to have an excellent product but you also need a PR and marketing team that can take the market by force... they have so much ammunition but they aren't pulling the trigger... so much can be done and the price can be at 50 dollars by the end of the week... by just offering interest on SBD and Steem, buying back excess steem on the market and gradually reinvesting it back into the internal market, exploring Steem/USD and direct purchase with debit/ credit card, partnering with merchants, doing promotional tours... the list is enless... they can even take a one off fee, man so much...
Absolutely agree, besides a few outspoken Steem advocates on Youtube like @trevonjb @jerrybanfield (and to a lesser extent @jeffberwick who mentions it a couple times but doesn't focus exclusively on it), there isn't really that much promotion of Steem on external channels.
This brings up the question though, right now if thousands of new users were signing up every day and it blew up, wouldn't that dilute the amount of Steem we all can get here and therefore hurt it in the long run? The Steemit team may certainly be able to adapt to this later down the road, but from what I understand seems that's the way things are now.. correct me if I'm wrong though.
PS - Just followed you!
No way Dash doesn't have any scope. It will fumble down soon. It's better to give with litecoin
Time will tell... remember this game is gonna be about the service you offer not necessarily the personalities... litecoin has great personalities and a respected leader, and that's commendable but a business could have the best product and not succeed, you need the PR and engagement folks, that's lacking with litecoin
You've got a valid point out here but let's see brother :)
or you could try the new and improved dash otherwise known as PIVX...purple power to the people!
hahahaha... they should try an get an exodus or freewallet and they probably get more users