2. Instamined harder than any other coin out there 12.5% of the current minting was mined in the first day
That's incorrect. 1.9 million was mined in 24 hours (1.5 million in just eight hours). The current minted total is 5,302,819. That makes the one-day instamine around 35%.
generalizethis explained very well on another thread (where it was also explained -- and documented -- that it was not a "fast mine" or an accident but a deceptively orchestrated scam) why this permanently relegates DASH to being nothing more than a pump-and-dump shitcoin. DASH carries within the genetics of its fraudulent launch the terminator gene and will self destruct at the first whiff of mainstream success (though in fact even getting that far is highly unlikely)
Trade it and take profits if you must, but labor under no illusion that dash has a promising future.
Very quick diagnosis. The dash instamine matters because: even though BTC by all accounts had a fair launch, it still enjoys the label of ponzi by some in the media and still has yet to jump any mass adoption hurdles. What do you think this same media will do if dash were to make a play as BTC's replacement? Do you think a coin that looks, smells, and most importantly reads in Evan's own quotation marks as a fraud is going to be ushered to the throne without a massive media assault? Because billionaires and governments like having their money replaced by a top heavy band of pseudo-cypherpunks with the moral compass of a fraternity next to a rohypnol factory. So yes, dash supporter, everyone is paid to get you, but ironically by your own hand. And if you think it is bad now, you have no idea of the shit storm that would be leveled at you if you even got a whiff of BTC's market cap.
If Evan had really wanted to replace BTC, he would have foreseen every thing I just outlined and realized there were only two options: 1. a fair relaunch or 2. admit it was an instamine and said "a dev has got to get paid how a dev has got to get paid". He didn't--he wanted the benefit of an instamine without the perception of greed, but didn't think far enough ahead to see his creation as a replacement for BTC and what the consequences of his actions would be if he ever truly got on the same playing field as BTC. The fact that his coin made it to the top five with this hanging over its head should be congratulations enough--the market rewarding his misplayed strategy with being the heir to Satoshi's kingdom is a pipe-dream wrapped in rainbows flecked with fairy dust.