I've been active in the DASH lending market for quite a while now, since I stumbled upon it about 6 to 8 months ago (time goes so fast in crypto...feels like ages...) on a crazy day when daily interest rates had went absolutely berserk. I've seen over 4% daily rates that day and thought I was in usury heaven. I simply could not believe how one could possibly be so desperate to short the DASH market with no obvious reason other than some developing positive chart formation for DASH. It had since normalised to levels that felt reasonable (around 0.03% daily) to me but those periods where interrupted now and then with strange bursts of activity I could in no way correlate to any particular event, other than it kept happening when DASH was starting to rise because of some positive news or development. I`m completely aware that my observations are completely subjective and I might be victim of severe confirmation bias, but to me it always "felt" like a kind of irrational supression.
The most recent DASH announcement was a perfect example. Nothing to go sell your house and go long DASH, granted, but still no reason whatsoever to massively short it at insane prices of 2% daily.
Now all of a sudden the market has a supply (well over 25K Dash) I really think I had never seen before:
A few days earlier, just when the DASH announcement came out, you could get deals like these:
Now the funny thing is, that this happens exactly the same day, when Monero has an epic rally with a massive volume of almost 30K BTC as I write.
Hm. Who hates DASH but has now better things to do and a lot of BTC from Steemit Cashouts?
Who are you referring to. It sounds like you have an answer in mind.
Quite a few prominent Monero folks are high in the Steem richlist. I don't mention any particular name because it all could be a coincidence.
Nothng against DASH, but I keep hearing from crypto experts that Monero's anonimizing algorithm is superior. So what is the deal with DASH, what makes it better?
I hear the same and I guess it is true. I don't quite get the practical relevance though. To my knowledge, the "weak" DASH anonymization has not been broken so far and and unlike XMR that`s not DASHs sole purpose. But DASH was not really the point of my article.
Well DASH is more popular than XMR, and I can't figure out why, if the technical aspects of XMR are better. Because if people want anonymity they go for the best, if they dont ,then they stick with other cryptos.
I don't think anyone seriously doubts that XMR has the better anon tech. But that's it's only trick, isn't it (no pun intended, fluffy)?
Dash is digital cash for the masses with PrivacyProtect as a nice to have add-on for buying porn online. No wonder it's it's more popular. It's been actively developped to be so. It's a whole different market segment. That's why I don't see why Dash should be afraid of ZCash. But I know it would worry me if I was long XMR.
Well the problem I guess is that XMR is not that user friendly, I am not sure if it has a GUI wallet now, but for a long time it didnt have, only command line. So that was hard to make popular if it didnt had a nice easy interface. I am a little biased towards XMR as I'm invested in it, but normally I would be neutral.
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