Bitcoin vs Dash digital cash – Which will achieve mass adoption first?


Welcome to the Paradise paradox I want to talk to you today about cryptocurrency- about a particular cryptocurrency which I find very intriguing and actually I’ve been obsessing over it this last week. It’s the cryptocurrency that’s got me most interested most excited about crypto since i first heard about Bitcoin. So I’m talking about Dash. I’m going to tell you a little about the governance structure and user experience and the economic incentives that are part of Dash. Full disclosure: I do own a reasonable chunk of Dash and the reasons i do what i’m going to present to you here have I’m not trying to give you financial advice and not trying to tell you what you should do with your money but i’m going to show you my thinking process in what’s going on here. So let’s talk about a few of the problems with Bitcoin. So of course we all love Bitcoin – it’s amazing its innovative it’s incredible technology. When I first heard about it I thought “holy shit this is going to put a big challenge to the big banks” but unfortunately where you know [eight] years on and it still hasn’t done that. Here are some of the reasons it has not done that Bitcoin has terrible user experience starting with the addresses who really wants to type in 34 character string of alphanumeric characters that doesn’t make sense to anybody that looks like a computer had an error nobody wants to type that in when people tell me how but you don’t really use and you don’t have to remember it you just copy and paste it well why would I want to copy and paste that I don’t want to copy and paste 187.254 or whatever to get to Google – I don’t want to type in an IP address i want to just type in the name something which sounds friendly is easy to remember Then we have this problem of security so you have to generate your new addresses every time you receive money so you can try to cover your tracks or people don’t really know who you are or something like that you get paper wallets Trezor well to use PayPalI don’t need to use a Trezor. I don’t need to use a paper wallet – I don’t even have to be all that security conscious to use PayPal or a credit card it just kind of works it’s relatively simple it’s very simple compared to Bitcoin so why what why do I want to have to be a security nerd – most people don’t – most people just want something that works The other thing is making transactions so I’m not a noob at Bitcoin i’ve been using Bitcoin for about six years now but yesterday when I made a transaction I made the simple error of forgetting to check the transaction fee so it sent with 13 Satoshis per byte or whatever the transaction is still processing waiting at the end of the queue, and we have about 30,000 40,000 unconfirmed transactions as I speak That’s a problem and people say well that’s not really a problem I mean that just indicates that people want to use the service that indicates demand well it does indicate demand but it also indicates a scalability problem it indicates people have made transactions and they’re not getting through so these kind of glib responses like ah well you just need to put a higher transaction fee but that’s just like bidding it up like an auction like everybody is just going to keep increasing their transaction fees – that’s a terrible idea That’s not a solution so we see these unconfirmed transactions rising peaking higher and higher at 50,000 60,000 unconfirmed transactions that is not good. That is a problem and the block size debate rages on and people tell me AH well when SegWit gets installed when segregated witness gets implemented well that’s going not going to be a problem anymore and I say well how long will that take when will it come in when will they get it? When will they implement segregated witness? and of course they don’t know because nobody knows because there’s no clear roadmap there’s no governance structure That is a problem. Nobody knows when the problem is going to get solved that’s the real problem another problem is the funding where does the Bitcoin dev team get its funding? They get it from several sources MIT media labs digital currency initiative, Blockstream, Chain Code Labs incorporated, Ciphrex, the Chinese exchange BTCC and others so several sources – Do all of these sources have bitcoins best interests at heart? we don’t really know. Even if we assume they do well what’s stopping an NSA funded company coming in and saying hey we would like to help you improve Bitcoin – here is some several hundred thousand dollars. We don’t know what’s going to happen with that. We don’t know if these people have Bitcoin’s best interests at heart. So that introduces this key central point of failure now I know some people will just say well Bitcoin has the greatest market cap Bitcoin has the greatest network effect – among crypto currencies well it’s great but we’re not looking at what has the greatest network effect today we’re not looking at what has the greatest market cap today because if we wanted to do that we would look at Visa or Mastercard or American Express and say well the debates over i guess they have the greatest network effect so we can all just give up and go home no we want to look at what’s gonna happen in the future we want to look at the existing trends and how they’re gonna intertwine what is the acceleration and velocity that is going to change these things over time so in five or ten years which of these is going to be best which is going to come out on top Now let’s talk about Dash’s solutions so the problems with Bitcoin with the user experience with the fucking wallet that looks like it was designed in visual basic in 2008 or whatever they’re still there they’ve being there for years they haven’t changed there’s been no significant progress on that for many years – whereas with Dash they’re actively working on user experience so by the end of this year they expect to release Dash Evolution which is going to be a different system going to be a wallet where you can login anywhere from your phone from your computer from somebody else’s computer similar to PayPal – you don’t need to have your wallet just accessible in one place and you can login with the username a human-readable username and user name that looks like a normal word or phrase that some human would actually use instead of your computer sneezing. Likewise when you send addresses when you send transactions to people you’re going to use something which looks like it’s readable by a [human]. then we have the solutions when it comes to scalability so Dash has already addressed the block size debate even before the amount of transactions necessitated it the masternodes voted and they came to a consensus saying yes let’s increase the block size when it comes to it let’s increase it to two megabytes when it’s necessary so the thing is about governance. Bitcoin has no formal governance structure – Dash does. Masternodes can vote on whether they like something or not. With Bitcoin to have to hard fork. With Dash they don’t because they can find out what the consensus is and then they can move the project in that direction now with the economic incentives with Bitcoin only miners get paid from the network so nodes don’t get paid even though they’re very important in the maintenance of the network and the dev team doesn’t get paid by the network even though it’s probably the most important thing so with dash what’s the solution forty-five percent of the new coins created go to miners, forty-five percent of the new coins created go to masternodes who hold thousand Dash they’re invested in the network and they have this collateral and they also get the Voting Rights like i mentioned and they help process the transactions to make them private using PrivateSend then the final ten percent or up to ten percent actually goes to the Treasury which can be used to pay the dev team can be used for marketing and the future maybe you’ll be used to set up call centers have conferences have concerts promoting Dash so when it comes to bitcoin is not a lot of economic incentive when it comes to trying to promote it except for the small amount of people who want to be advocates and trying to increase their own position or try to release this technology to people so more people know about it that’s a small incentive compared to Dash which has a big incentive big economic incentive because they want to pay people who are going to create value and increase the value of the network so the masternodes we know they’re already invested and the masternodes say hey is this proposition going to increase the value of the network we know they have at least some interest in improving the network because they have this thousand dash and therefore we know that the people who submit proposals and get approved are more likely to be people who have interest in maintaining and increasing the size of the network so that is my case why Dash actually will be better in the long run compared to Bitcoin why it’s more likely that Dash will reach mainstream adoption first. In summary Dash is focused on user experience, Dash has addressed the block size problem and can address it better in the future if better ways come up because it can vote on it and Dash has economic incentives to improve the network based on people who are already invested and people who want to get involved and increase the value of the network Thanks so much for listening – I’ll put a Dash address below in the video Xo5fNe1fQGxDYAxKSqBoSqEzZYkCMTCZyB youtube if you want to contribute or if you enjoyed the video and I hope to see you at Anarchacapulco starting on February 24th this year so i hope to see there in Acapulco Mexico lots of love see you soon peace

85 thoughts on “Bitcoin vs Dash digital cash – Which will achieve mass adoption first?”

  1. LOL…bitcoin is very robust…very hard to change … that's why its valuable. I see bitcoin as being the reserve currency of the whole crypto economy…. maybe 50% while the rest come very close but still all together combined won't grow larger than bitcoin. Dash is a great Idea and I plan in investing 1% of my crypto in it. Large ultra secure transactions will be bitcoin… day to day… dash

  2. Sounds to me like Bitcoin will be like gold or a blue chip company, a good place to store value in the long run that will just increase over time and no need to worry to much about transaction time. Dash or others like it on the other hand looks like a perfect day to day ttransaction and speculitive electronic currency. Both have a Vital role to play. The key is to be able to easily exchange between the two (or more). If you need funds from you nest egg to your day to day use or vice versa.

  3. nothing new here, amanda said it all long back, also dont you thing if segwit comes in then just by bitcoins market cap of 85%+ that will bring alot of the dash lovers. Another thing if you want to transact quickly you can process thru litecoin and convert back. dont get me wrong i love dash and hold it also, just your attitide is very annoying. Your trying to sell dash in a hate on bitcoin way and to be honest I don't think your reasons are as noble as your trying to make out. these are my reasons why im saying this
    1. where was your input years back, you see dash moving now so obviously your trying to follow whats popular now for views
    2. here is my dash address feed me some dash (begging)
    3. lets make some dash videos and hope to get some handouts from the treasurey
    4. trying to get some love from amanda
    5. you voice is extremely annoying

    what your doing is also so stupid for the simple reason that dash is not large enough to pick up if bitcoin fails. trying to cause division in the cryptocurrency arena is extremely dangerous. if bitcoin fails at this point it all comes down including dash. how about shut up and let dash grow quitely or say something good about dash without trying to damage bitcoin

  4. Great video! You are very educated in cryptocurrencies. It is my opinion that Dash and Ethereum are going to be the top two soon. Both are very unique and I believe very powerful at their design.

  5. good video. I think long term Bitcoin could have problems but short to medium, events are going to be it's friend i.e. it will be number 1 for storing wealth and circumventing currency controls in times of financial crisis. It's in nobody's interest for Bitcoin to fail in the near future. At best Bitcoin will be used as some sort of financial instrument or store of value but not as an everyday cash. Dash can do both. Furthermore I think it is possible for a few coins to be successful and there may well be regional preferences i.e. the Chinese may well gravitate towards Litecoin, if Bitcoin continues in the same vain. It will be interesting to see if Litecoin adopts Seg Wit.

  6. The original Bitcoin whitepaper used the term cash. Neither Bitcoin or Dash have met the definition of cash as they are not fungible. Monero is the first and only digital cash.

    Like Bitcoin, Monero was launched anonymously. Dash on the other hand has a centralized corporation as part of it's structure which is a government attack vector truly decentralized cryptocurrencies don't have. Dash also spends a lot of money on marketing which is probably how you heard of it in the first place.

    You are falling in love with the wrong coin 🙂

  7. Really well done video, I always want to, and often do tell people about Dash, but never feel like I have the time or words to really get the point across how I'd like to. This basically covers all of it, very concise, good job.

  8. I really couldn't care less whether I put in a username or copy and paste an address of scrambled letters and numbers. Also, the wallet argument is weak because a wallet is a simple concept. It has no reason to look sophisticated or operate sophisticated. It's simply a place to hold and send bitcoin. Your only strong argument is the transaction scalability argument, but I was always under the assumption that these type of problems can be overcome by smart kids that want to make a lot of money.

  9. Appreciate the video and you've got a solid opinion backing Dash…I agree to a point. However, I think that a major draw in the bitcoin community is that so far, it has gained popularity based on a simple human need for a new system of money that will finally remove the superpower grab of the modern banking cabal. It's a moral and philosophical choice. Also, this video wasn't accurately dash vs bitcoin. It was really an entire video slamming bitcoin while promoting Dash with words like "governance". See, this is where you and the third world will separate on opinion. Either way, they're already working on layering another block-chain tech on bitcoin to make it faster with transactions. I love Dash and it's improvement on the OG BTC foundation…but it also looks like Big "Fed" Brother of the crypto world like Ethereum is like Skynet in Terminator lol.

  10. Dash will never be 1.
    U have to know why
    Evan from dash is a scammer
    A well known scammer

    Bitcoin is the father

  11. 6 year??? Gahahahhahaha this is FAKEEEEEEEE
    THIS YOUTUBE CHANNEL IS A SCAM ARTIST!
    He have not used Bitcoin for 6 year.
    Fake fck don't lie!

    We know you

  12. Evolution has been a topic sense 2015.. weak up.
    It's good that we don't have a government for Bitcoin.
    Dash will be easy to crash. Very easy

    Money laundering with coin manipulation will not survive the wave o regulations.

    Look at what happened to eth when they did it.
    And they told everyone.
    Dash didn't do that when they exit from darkcoin and so on.

    But sure you will learn the hard way with your scammy exchange.

    Reminder MTGOX!
    It's going to happen again but this time only for altcoin and not for Bitcoin.

    What do u think will happen?
    Bitcoin worth 10.000+$
    Now u know when

    When they exit
    Like they been doing
    6 years you? My ass! Don't lie you moron! Now know this things!

    So stop pumping & dumping
    The only one taking the argument is Bitcoin

    Because we have greedy fck who just are in it for the fast money
    Like u!

    Pathetic

  13. great video, sums up my thoughts but still dash isnt perfect, something better is going to come along, dash, monero and zcash are just primative organisms, bitcoin is a single celled organism. wait for the primates to come along and evolve into humans

  14. Problem is that Dash was Instamined in a really scammy manner so that it is like Onecoin with a few more features. So the masternodes are mostly operated by the inventors who own the instamined coins. BE CAREFUL ITS A SCAMCOIN

  15. bitcoin is likened to gold in satoshis white paper … its digital gold and a store of value in a digital world ….

  16. Tudo bom meu amigo?
    gostaria de bater um papo com vc referente bitcoin
    teria como me chamar no whats 11-98896-5065

  17. Investors with millions want security over speed. Bitcoin offers superior security over dash. Buy a house use Bitcoin. Buy a coffee use another less secure network.

  18. Thank you so much for this video. It really gave me a better and more clear vision about Dash 🙂 A couple of questions if you don't mind: 1) Do you recomend CoinPayments (web wallet) as a good option for storing your Dashes?? and 2) Whats your favorite page to buy Dashes from?? Thank you!

  19. Nice Video! I agree that if you check the mempool on the blockchain, it's terrible, it's like it has reached its transaction cap. you know, no matter how high value it is, if you get stuck in a slow transaction, it becomes less usable. The video is right, as it is now, bitcoin could have high value but can't push into mainstream because of its own original characteristics. On the other side, Dash could solve the problem by its governance structure, though it means less decentralized, has instant send, also has high value, could become more potential mainstream player. Dash is in more proper direction toward commercialization. Probably one day could have its own commercial network, just like Visa, Mastercard, or Paypal.
    But as the market search for an equilibrium, probably in the future, bitcoin will have less users than dash or ether, but still have higher value. Bitcoin could function like a cold storage with slower bigger transactions, and Dash/ether could function like hot storage with faster smaller transactions (which works best for retails).

  20. You do adress what Dash does better than bitcoin, but does it still do what bitcoin does? (security)
    Because if it doesnt, you might as well use paypal.

    human readable adresses? you just log in somewhere with a username and password?
    So you only need 2 Words instead of a 12-24 word seed to access your wallet?
    Sounds like its either easy to brute force or you are trusting a third party.
    You can already have that with bitcoin, brainwallets and webwallets. The former are easy to crack, the latter trust a third party.

  21. Great summary about dash ! 😊 Dash got my attention since 2 1/2 year back. Still running my MN and looking forward to Dash Evolution.

  22. arguments against Bitcoin very weak, I am opened minded but at least make solid arguments for your point.
    yeah, I don't want to remember my bitcoin wallet 30 something alpha/numeric number, that's why there's computers and "copy/paste" feature.

    my intelligence felt so insulted I had to insult you back

    speaking of weak stupid arguments
    I'm sure a hacker would prefer stealing my Dash coins with a easy wallet name "I love Dash"
    instead of kjq;oewr;oa;df;asdhfl;soauiopjf;aslfg;aoshogfjakso;gjpsoaupgfosjafdgovijhrasepoj'fvsapjkogeqr0pj

    I wonder if your the guy Bix Weir met at Anacapoulco and said your an idiot

    Amanda B. Johnson is a much better speaker then you

    Have a good night 😉

  23. You are so gorgeous and cute! I would kiss your mouth for hours. And you have a very interesting voice, too. Thanks for the video. Lots of love and peace.

  24. I think the current Bitcoin blocksize stalemate is because the 'elite' want such incredible security at any cost so that Bitcoin will be great for sending a million dollars. The fees to accomplish that mean it is now no longer suitable to use to buy a cup of coffee so Bitcoin won't ever reach mass adoption. As a business I can no longer use Bitcoin who's performance and costs don't measure up to even credit cards and am switching to Dash. I wish Bitcoin luck to maintain their security in the long run catering to just the rich.

  25. Just heard about DASH today from watching Amanda Johnson's interviews. How exciting! Some people say that Dash is better than Bitcoin. What say you?

  26. So with thousands of "unconfirmed" transactions, I thought XRP/Ripple would have something to do with confirming transactions. Am I wrong?

  27. Dash is just the product of good marketing… it's nothing more than a scam, and they pay youtubers to promote it like Amanda B. Jonhson.

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  29. 4% of people who use internet regularly have been using Megaupload as a filesharing platform. Soon Kim Dot Com will launch the new Megaupload 2 (MU2). And it will have very low price for premium. The payment methoed they gonna accept is Bitcoin. Hope Kim dosent allow Dash on there website. I really belive in bitcoin, I dont want any other currency to be over 100usd. The reason why Megaupload 2 will be very big is because it will have very fast upload/download speed to there server, and it will be encrypted making it impossiable for the government to see what the file content is about. Also, if they somehow find a way to decrypte it, Megaupload 2 wont track ur ip. So you will stay very anonym.

  30. Out of curiosity, I bought about $40 in mining Dash about 6 months. Ago, I checked my balance and the price a couple times. It wasn't looking very good to recoup my investment then I checked a few days ago, and wow! Almost there as it's gone up in value 700% over a very short period of time.

  31. I hate the argument that the unconfirmed transactions is a good thing… it's like saying that there's no problem with traffic jams, it only shows people love driving.

  32. your creditcard is nothing but a code too so… you could easily convert the bitcoin adress to anything you want

  33. bitcoin….its bullshit….when you can go and buy a gallon of milk at the grocery store with a bitcoin then its legit, otherwise, its BULLSHIT

  34. Are you kidding? "Bitcoin vs Dash digital cash – Which will achieve mass adoption first? " u cant compare bitcoin is THE First successfull breaketrough ever created in cryptocurencies, is very well world wide spread by know, Dash is cool but u can not make comparison, is just diferent , be responsible with the new people that hear about cryptocurencies just now. think about them first before do a video like this

  35. when u talk about dash u talk a lot about they will do this ,they will fix that, they they they, who is they? ok.. master nodes? how many and what wheight of voting they have to influence changes in network, i agree it sounds Dash is running fast trying to improve cryptocurencies environment with the user friendly adresses etc and i'd like to know more about this governance model of Dash because in my limitted knowledge about Dash till know it is sounding not very decentralized and more like u said (paypal) which was exactelly the reason 99% of the people who migrated into crypto went for,(decentralization), please id like to know about the governance system of dash if you can make a video or answr here plz.
    Thanks

  36. go to hell………..who all are speaking against bitcoin. Original is original. Dash is fucking coin. If Dash is so smart then why it was not came before bitcoin. These silly people are trying to mislead people. This silly people are just bought by fake team Dash.

  37. I see now as you said, there's even more danger of doing nothing.. up until the mempool stuffed again, the btc core team finally decided for a hard fork.
    if this goes well, well btc goes on..
    if this goes bad, then a good news for ether and Dash..

  38. Great video, thanks. I have a question, do you think Bitcoin can make theses changes? I mean make the platform more human as dash is doing.

  39. Have you considered taking over for Amanda B. Johnson?

    She recently announced that she is taking a "hiatus" from her youtube show entitled 'Dash Detailed'.

  40. i see 0 advantages of dash compared to almost any other coin. Ethereum still is kind of all cryptocoins. Every coin just do stuff that ethereum does already. Problem with etheruem is that Vitalik is NOT interested in promoting it as a currency, he looks at etheruem as a platform. If he would look at it also as a crypto currency eth would bat Bitcoin in 6 months.

  41. Thing is bitcoin is and was made for the illegal world. Maybe 1% of people that trade in bitcoin is ethical the rest are in the darknet. Why did it grow so fast.. i tell you why, the amount of markets with high end drugs and fraud rose on tor which made people buy more bitcoin to trade for items in markets and vendors which made the bitcoin a higher value. Why the long address instead of a name.. well no one in the darknet wants to know who eachother are, it was made for encryption purposes and to be anonymous. Bitcoin won't fail unless people keep shutting down markets and vendors on tor.. even if tor somehow crashes someone will just create a new underground network and keep trading in bitcoin. Sorry but nothing will overtake it unless every single hacker, drug dealer, drug lord, carder, weapon trader..etc gets caught which I don't see that happening anytime soon.

  42. One thing I've seen is that the up side of a mountain usually has a correction. Most coins are not immune to huge corrections also, as seen by BTC. Regarding the people running the planet, they can make any crypto go up or down. From the recent IMF documents, they have stated in writing, that they are going to take control of the crypto market. My experience is to look at each crypto as a trading item, forget sentimentality and watch the coin everyday if you are going to put money on it.

  43. Why do you change the transaction fee? Exodus does it itself, seems your nick picking. SEGWIT is also done. Also you don't know the exact update for Dash unless your insider. 
    Still i like allot of things about Dash and will also invest in it. Btw what is fee when sending dash? does it change or fix rate?

  44. How many transactions per second will happen with a 2mb Dash block size?

    Bear in mind Visa handles 50,000 / second during peak times

  45. And sudently Lightning Network will solve the scalability problem (as the original Satoshi vision explained on forums, few time after publish the software).
    And sudently developers made more user friendly wallets…
    And suddently bitcoin is the most known with no surprise.

  46. Did you know, Dash can also be converted to MYR/SGD/IDR via https://slithex.com/. Take a short period of MYR/SGD/IDR withdrawal into your bank! In fact, Dash can also be converted to Ethereum, Bitcoin, Monero & so on via https://rtrader.exchange/.

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