New to the community, but have been lurking for too long. I have an Exodus wallet, with a couple of hundred dollars worth of bitcoin ready to put into an anonymous cryptocurrency. To me, it looks like bitcoin will never fulfill its promise as a p2p internet money. But if it fails, can Dash take over its space?
All those ATMs, slaved to bitcoin could they be repurposed to dispense Dash? Do you see such a thing happening? Id like to buy in, after a pullback in price, but see the possible failure of bitcoin as a dark swan pointing a bloody sword at Dash. Or am I off base here?
You have to wonder....my concern about dash is the "bug" that awarded someone 10~20% of supply?
Has been discussed many times, here is the official stance:
https://www.dash.org/forum/threads/official-dash-instamine-issue-clarification.7569/Thats not really and explanation, nor does the semanticisation of premine cut it. It's more an exercise in apologetics
what it means is someone is sat with 15%~20% of supply. Who cares what it was called only the maths matters.
To try and follow up and say most dash was purchased on the open market, does nothign to say their is a a larger single holder.
More like 100's if not 1000's of people "sat with" 10% of the total coin supply.
Most of the coins in the top 20 have a 10-20% premine that went to only one person or very few people, obvious nobody has an issue with those or they would not be the majority of the top coins. Dash has way better distribution than all those coins.
Instamine FAQ
https://dashpay.atlassian.net/wiki/display/DOC/Legacy+FAQ#LegacyFAQ-WasDashInstamined?My View: Dashs Instamine Is Not A Problem
http://fintekneeks.com/my-view-dashs-pre-mine-is-not-a-problem/Was The Instamine A Positive Thing For Dash?
https://dashdot.io/alpha/?page_id=118Deep technical analysis of the early mining and distribution
https://bitcointalk.org/index.php?topic=421615.msg15619552#msg15619552 Confessions of a Instaminer Hashman
https://bitcointalk.org/index.php?topic=421615.msg18041424#msg18041424