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RE: Bitcoin vs Dash - Which is the currency of the future?

in #bitcoin8 years ago

She's doing great at her job selling Dash. Her main argument is flawed though, in that she lacks evidence that people are only, or mostly, buying crypto for investment. Moneros jumped way up in value when they were added to darknet markets, which tells me a lot of it is being bought for the privacy utility.

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You mean the main argument in the Bitcoin bubble video. Yes, people are certainly using cryptos to send stuff. I use Bitcoin to send money every month or so, and sometimes it's certainly convenient to send it that way. However, I certainly wouldn't hold as much bitcoin if I didn't expect it to increase in price.

Perhaps she overstated the case a bit, but I'd say the housing bubble analogy could be accurate. People still use houses for living in - even the majority of people do so. That didn't mean that housing wasn't in a bubble. Time will tell.