Why Coinbase Shouldn't Add Dash

in #dash8 years ago (edited)

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With litecoin moving after being added to Coinbase , the dash nation is wondering why not them. If Coinbase is smart they won't add dash till they fill out the top ten. Here's why:

vertical integration

Dash has it unlike other cryptos. Many cryptos depend on greater popularity to encourage third parties to build interfaces. Dash also has the treasury. The problem is the evolution upgrade, funded from the treasury takes the place of wallets. Most dash holders will use the evolution wallet once it is available. So if you are a wallet provider you are reduced to a fiat gateway or a service to change coins from one to another. As a fiat gateway you must compete vs pure plays and also those funded by the dash treasury. You are much better served by adding currencies that don't have dash infrastructure. Therefore because dash is vertically integrated it must develop everything itself. (Think apple vs ibm/Msft/intc in the 80s/90s)

yet Coinbase will likely eventually add dash

Though dash will likely be the last major currency to be added it makes sense for a company like Coinbase that makes money on fiat crypto conversions to add all the top currencies. However if I were them I would add monero etc golem augur and ripple before dash.

get evolution done and be careful about adding new vertical integration

For dash nation you need to get the wallet done. Also be careful about announcing further vertical integrations. If the project is announced it might prevent some. Network effects that the high market cap would get you.

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I don´t like Dash because of the difference it makes between masternode and standard nodes. In order to create a masternode, that gets a higher interest rate that normal nodes, it is required to you to hold a big amount of Dash.

I like proof of stake coins as it is more efficient that proof of work coins, but every user should get the same interest rate no matter how many coin he has.

I would like Dogecoin to be the next coin integrated in Coinbase , and I think it is one of the coins most like to be the fourth in this platform.

I agree with your dash criticism. Masternodes are just ripe to be Sybil attacked. Most of the nodes are owned by the same individuals. All of the locked dash creates a very illiquid market with respect to the market cap; makes it very easy to pump.

Not sure what so say about doge. I really like the aspect of cheap internet points but not quite sure Coinbase is attracted to that.

Dogecoin LOL your filed as spam

I haven't really followed Dash since the early days, but do you happen to know why Evan Duffield's github is inactive? Is he still the one working on developing it? His bitcointalk doesn't seem all that active anymore either.

They shouldn't add dash because it is a scam.

steemit inst the place to regurgitate random tweets you've read

It could be, if implemented correctly within the economics and game theory.

Dash is now leading in top Cryptocurrencies.

Dash solves the biggest problems of bitcoin - fast cheap transactions, block bloat, and governance issues. Its the only contender to take out bitcoin as a day to day currency and its being adopted by major players under the radar. Dash crushes ltc in every way and Dash doesn't need coinbase. No one even likes that site anymore. Gemini is better

Don't know man, I think DASH deserves better and Coinbase should add it.