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On the bad side of this: trading volume is pathetic. Market cap is irrelevant...
Are you serious ? I don't believe you actually believe this.
Tok, I'm truncating your othwervise (like always) great post for it is just a post or two above. I wasn't clear. "Market cap is irrelevant" meant in conjunction with the pathetic trading volume i.e. so small that is not relevant in the bigger picture (market cap of almost any other asset in the world is multiple of that of DASH)
Let me share something - as a young man I was a chess player, a bit later I was a political columnist - and in both fields I had an advantage of seeing a move or more further down the road than the others. I simple have that talent. I saw Darkcoin potential among the first outside the pure crypto field (I was late to BTC for I simply did not understand the technology at that time, among all the noise) and had my own expectations, based on that potential.
As soon as it was re-branded, the cracks started to show up, in my mind. So, now, is 6 months really that short time to seriously evaluate the progress on the other levels than its underlying genius? Most like is - BUT now, my own expectations are not grounded in anything but my own ideas I can't push. I wonder, if the MAIN advantage, for an AVERAGE user (say an online retailer, say a bar owner) of this thingy are:
- its minuscule fee for a transaction;
- the speed of the transaction (IX);
why don't we push toward the obvious?
A BitPay / Coinbase / credit cards / QR hybrid that would serve DASH exclusively?
Evan is talking about "decentralized corporation" anyway; there's a not-for-profit Foundation established already so the first steps toward establishing a legal framework, for such an entity -- that is a needed first step toward DASH (or any other crypto) autonomy (wide adoption) -- are already in place.
How can anyone hope for any kind of "mass adoption" if you have Bitcoin - that wast majority of people do not get at all - acting, out of necessity, for the lack of our own BitPay / Coinbase infrastructure as intermediary. Try to explain a retailer the chain of events he or she would have to face if they want to accept DASH.
"
You get DASH, than you have your wallet (which can be "cold" or "hot"), where your DASH goes, than you have to send it to an exchange, a crypto exchange at that, where you have to buy Bitcoin and than your Bitcoin can be exchanged for fiat etc., etc., etc." - and think of a blank expression on the face of such a person.
The beauty of EVERY SUCCESSFUL project ("
mass adopted", that is) is that they are aimed at the end user being an idiot. Think iPhone. Think Netflix. Think Google. How many people have ANY idea how any of these really work? People do not give a fuck. They are dumb. (just take a glance at the idiots they have been voting, for ages, in the respective offices of power all over the world and you'll see how kind I am toward that bunch of feeble-minded, brain-washed idiots I lovingly called "dumb") They want their things / services to work.
So our retailer or a bar owner needs to KNOW that the phantom thingy, a.k.a. DASH, would PAY for her or his service / product (think BitPay) and would, magically, transform into a fiat of their choice (think Coinbase, automatic exchange / transfer) and appear on their account instantaneously (think credit cards, think PayPal) FIRST. Only after this works, he or she will need to be educated about gazillion other possibilities in the wondrous realm they entered.
So, IMHO - this project needs to focus on this and that other think, Masternode usability - i.e. figure out how that wast network of computing power can be used for something useful for the world and the humanity, instead of just spending energy into creating something out of nothing)
If we'd have these two goals clearly outlined I'd see a direction this project is going and will have go back to my insane days of having 90% of ALL my investments poured into it. Like this we, obviously, depend on the others to develop the same but if they don't...