DASH holders should ask how is this distributed ledger? It's a bank with authority being a collection of 4000 nodes but those nodes could be owned by 10 organizations. So it's a bank with 10 shareholders !!
Worse it's possible that all 4000 or so master nodes owned by a single company. Then it's a private bank owned by a single owner, that pays no interest , has no insurance, not a legal tender and price fluctuates. What BS. But people will buy. That's why I say don't think economy is weak. It's f*kin overheating beyond belief
Bitcoin bagholders watch as DASH takes off because Proof of Stack is better technology than Proof of Work that bitcoin uses. In fact Proof Of Work is a dead end. Period. 99% have no clue what that mean. They just buy.
It's very possible that Bitcoin keeps sliding here all the way to zero. Same will happen to Dash when a better technology or algo comes along and it WILL. That's how technology evolves making previous version obsolete and worthless.
What bugs me about BTC is the fact that it's a small market and easily manipulated by the whales as JPM. I see patterns of price movements that remind me of silver and gold ...
I don't know the differences between POS and POW, but I do know Bitcoin is slow as hell! I know Bitcoin in its current form will never be used for everyday purchases. No one has an hour to kill just to buy some bread and milk because 4 people are in front of them in line and it takes 10 minutes to approve a transaction. Also, Bitcoin is losing dominance. I have seen BTC all the way up to 72% dominance, now it's 46.1%. That means a LOT of cash has flowed into altcoins.
Besides, Bitcoin is first generation blockchain technology. Expensive to transact Ethereum is second generation blockchain technology and Hedera hashgraph is third generation blockchain technology. Hedera transactions are instantaneous and cost nearly nothing to do so.
No one wants to use a payment method that is infinitely slower/expensive than their current one. I'd get some HBAR if I were you.
I don't like any crypto. All will get to zero sooner or later. All. No exception.
If you read Bitcoin original paper by Satoshi, you can see that price goes to zero as time progresses. You need to pay for transactions. It's called mining. That's PoW
If they use PoS as in DASH, then it's like moving towards centralized ledger which defeats the purpose.
I hold them 1 day max and toss it. I have not made much money in that. May be 1500 2000 dollars. If DASH goes to 1 million, I am ok with that. I don't care.
DASH holders should ask how is this distributed ledger? It's a bank with authority being a collection of 4000 nodes but those nodes could be owned by 10 organizations. So it's a bank with 10 shareholders !!
Worse it's possible that all 4000 or so master nodes owned by a single company. Then it's a private bank owned by a single owner, that pays no interest , has no insurance, not a legal tender and price fluctuates. What BS. But people will buy. That's why I say don't think economy is weak. It's f*kin overheating beyond belief
Hahahahahahahahahhahaaaaa! Yep, you're right! 😃
Bitcoin bagholders watch as DASH takes off because Proof of Stack is better technology than Proof of Work that bitcoin uses. In fact Proof Of Work is a dead end. Period. 99% have no clue what that mean. They just buy.
It's very possible that Bitcoin keeps sliding here all the way to zero. Same will happen to Dash when a better technology or algo comes along and it WILL. That's how technology evolves making previous version obsolete and worthless.
What bugs me about BTC is the fact that it's a small market and easily manipulated by the whales as JPM. I see patterns of price movements that remind me of silver and gold ...
I don't know the differences between POS and POW, but I do know Bitcoin is slow as hell! I know Bitcoin in its current form will never be used for everyday purchases. No one has an hour to kill just to buy some bread and milk because 4 people are in front of them in line and it takes 10 minutes to approve a transaction. Also, Bitcoin is losing dominance. I have seen BTC all the way up to 72% dominance, now it's 46.1%. That means a LOT of cash has flowed into altcoins.
Besides, Bitcoin is first generation blockchain technology. Expensive to transact Ethereum is second generation blockchain technology and Hedera hashgraph is third generation blockchain technology. Hedera transactions are instantaneous and cost nearly nothing to do so.
No one wants to use a payment method that is infinitely slower/expensive than their current one. I'd get some HBAR if I were you.
Yes.
"Hedera transactions are instantaneous and cost nearly nothing to do so."
If it costs nothing why would spend so much power to mine it ? Then it will become centralized rather than distributed
Wave, do you like ADA and ETH. Waiting for your reply, thanks!
I don't like any crypto. All will get to zero sooner or later. All. No exception.
If you read Bitcoin original paper by Satoshi, you can see that price goes to zero as time progresses. You need to pay for transactions. It's called mining. That's PoW
If they use PoS as in DASH, then it's like moving towards centralized ledger which defeats the purpose.
I hold them 1 day max and toss it. I have not made much money in that. May be 1500 2000 dollars. If DASH goes to 1 million, I am ok with that. I don't care.