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RE: The Big Long – Update on Collapse in Bitcoin Dominance – 11/14/17
There is no attempt to destroy bitcoin because hard forks are a free market solution. Several hard forks have been tried before on bitcoin with no effect. Bitcoin cash has taken market share because bitcoin has failed to upgrade, IMO. While secondary scaling solutions are necessary, 1 mb is still a joke. Bitcoin market share should continue to decline.
Agreed on the decline of BTC. I heavily believe in protocol level improvements. A tree with strong roots can withstand a storm. You can read from the founder of Dash Evan Duffield on the topic of on-chain scaling with 400MB blocks :https://medium.com/@eduffield222/how-to-enabling-on-chain-scaling-2ffab5997f8b
I truly believe in Dash Evolution and Dash is currently my biggest crypto position. I also wrote a semi-parody post on Bitcoin scaling comparing it to better products: https://steemit.com/cryptocurrency/@vimukthi/bitcoin-fees-triple-under-a-week-while-dash-makes-itself-10-times-cheaper-my-discovery-of-a-secret-device-to-store-the-entire