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      "author": "tasmansee",
      "permlink": "re-dashionalist-the-competition-for-the-title-of-better-money-part-2-20180829t022147271z",
      "title": "",
      "body": "Thanks for some further info regarding DASH. Some crypto students held DASH a couple years ago, but got spooked by all the governments’ FUD about anonymity, AML fears, and the like. As a relatively newish student of cyrpto I thought the “privacy” coins would be first to take regulatory hits. That was before I understood the impossibility of that undertaking. I still watch DASH, but as you so correctly identified in your first “Evolution” post, TRX, EOS, ADA appear newer stars, albeit less adopted technologies, in the cryptoverse.\n\nLinks in the post for the Evolution wallet and the DASH website would be time saving.",
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      "permlink": "re-dashionalist-dash-and-bitcoin-compete-for-the-title-of-better-money-20180828t224845116z",
      "title": "",
      "body": "Well said and said well. I'm looking forward to Parts 2 and 3. Cheers",
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      "parent_permlink": "dash",
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      "permlink": "the-competition-for-the-title-of-better-money-part-3",
      "title": "The competition for the title of \"better money\" Part 3",
      "body": "@@ -3565,8 +3565,315 @@\n inal.jpg\n+%0A%0A%5BTo Part 1 - Bitcoin & DASH - the raptors are loose!%5D(https://steemit.com/cryptocurrency/@dashionalist/dash-and-bitcoin-compete-for-the-title-of-better-money)%0A%5BTo Part 2 - The sensual charm of Bitcoin, DASH & CO%5D(https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-2)\n",
      "json_metadata": "{\"tags\":[\"dash\",\"cryptocurrency\",\"money\",\"bitcoin\",\"hayek\"],\"image\":[\"https://blog.vaultoro.com/content/images/2018/06/Vaultoro-Dash_Final.jpg\"],\"links\":[\"www.vaultoro.com/?a=109842\",\"https://blog.vaultoro.com/2018/06/08/dash-dao-invests-in-vaultoro-to-launch-gold-to-dash-trading-pair/\",\"https://steemit.com/cryptocurrency/@dashionalist/dash-and-bitcoin-compete-for-the-title-of-better-money\",\"https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-2\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "parent_permlink": "dash",
      "author": "dashionalist",
      "permlink": "the-competition-for-the-title-of-better-money-part-2",
      "title": "The competition for the title of \"better money\" Part 2",
      "body": "@@ -19,22 +19,22 @@\n m of\n+ DASH,\n  Bitcoin\n-, DASH\n  & C\n@@ -4068,16 +4068,175 @@\n ssion.%0A%0A\n+%5BTo Part 1 - Bitcoin & DASH - the raptors are loose!%5D(https://steemit.com/cryptocurrency/@dashionalist/dash-and-bitcoin-compete-for-the-title-of-better-money)%0A\n %5BTo Part\n",
      "json_metadata": "{\"tags\":[\"dash\",\"cryptocurrency\",\"money\",\"bitcoin\",\"hayek\"],\"image\":[\"https://cdn.steemitimages.com/DQmTY24KkPC8Zoe1nBckEwEH975KRJPfzABCxr8ExUx9P7X/Dash_Logo_2018.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"links\":[\"https://steemit.com/cryptocurrency/@dashionalist/dash-and-bitcoin-compete-for-the-title-of-better-money\",\"https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-3\"]}"
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      "parent_permlink": "cryptocurrency",
      "author": "dashionalist",
      "permlink": "dash-and-bitcoin-compete-for-the-title-of-better-money",
      "title": "The competition for the title of \"better money\" Part 1",
      "body": "# Bitcoin & DASH - the raptors are loose!\n \n\nThe biotope of the primordial currency soup is full of life: over 1.500 altcoins scurry around. Monetary experiments can be observed, almost under laboratory conditions, as currencies come and go. Many so called \"Shitcoins\" become fossils or the fertilizers for the surviving species. The pressure of selection leads to new, ever better digital \"money\" that embraces better ideas and characteristics from competitors to serve just one goal: to become the winner in the fight for \"good money\". The genie is out of the bottle, this process is irreversible, like pushing toothpaste out of a tube. It's like an \"inverted\" Jurassic-Park script: while in the real world the dinosaur currencies are still chewing their leaves complacently, new, nimble, intelligent and very adaptable currency- creatures have escaped from the laboratory, beginning to conquer the outside world.\n\nThis is not a movie - nor fiction: THIS is exciting reality!\n \n![evolution.jpg](https://cdn.steemitimages.com/DQmSg3WQxwLhqsfpe1Ewyg6DotbrSd5CPo6p7PwTCoR2CqA/evolution.jpg)\n\nThe audience is amazed at how quickly these creatures are growing with unexpected price rises and rising market capitalization. Along with every sawtooth-like slowdown in growth someone screams \"attention - now the bubble is about to burst!\" The loudest among those are the central banks - and banksters of those very countries that either see their shrink-money-business model swimming away or those who have ruined the money itself. They try to prevent the flight of capital with exchange controls and restrictions at their borders. But with crypto currencies you can pass customs \"naked\" and still take unlimited amounts of money with you. Central banks (such as the ECB, the PBC, the FED, etc.) print oceans of money - as if  there would be no tomorrow any more. Ironically they warn of \"evil speculators\" whom they themselves generously supply with their \"money bazooka\". But what's gonna burst first: state money or cryptos?\n\n \nAs long as money flows in from outside, as long as the state can not force the \"toothpaste back into the tube”, there is no reason why the crypto currencies must not continue to grow . After all, DASH and BTC are limited but the torrents of state money are not! Another limit for the development of value is competition: nobody knows today who will run in as winner or who will fall behind. \nThis depends as with every evolution - on the selection pressure and the respective money characteristics.\n\n>\"What is now urgently required is not the construction of a new system but the prompt removal of all the legal obstacles which have for two thousand years blocked the way for an evolution which is bound to throw up beneficial results which we cannot now foresee.\"\nF. A. von Hayek\n\n[To Part 2 - The sensual charm of Bitcoin, DASH & CO](https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-2)\n[To Part 3 - How the suicide of the state monetary system fuels cryptocurrencies](https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-3)",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"dash\",\"money\",\"bitcoin\",\"hayek\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn.steemitimages.com/DQmSg3WQxwLhqsfpe1Ewyg6DotbrSd5CPo6p7PwTCoR2CqA/evolution.jpg\"],\"links\":[\"https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-2\",\"https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-3\"]}"
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      "title": "The competition for the title of \"better money\" Part 3",
      "body": "@@ -573,16 +573,17 @@\n lomania,\n+ \n the  sta\n",
      "json_metadata": "{\"tags\":[\"dash\",\"cryptocurrency\",\"money\",\"bitcoin\",\"hayek\"],\"image\":[\"https://blog.vaultoro.com/content/images/2018/06/Vaultoro-Dash_Final.jpg\"],\"links\":[\"www.vaultoro.com/?a=109842\",\"https://blog.vaultoro.com/2018/06/08/dash-dao-invests-in-vaultoro-to-launch-gold-to-dash-trading-pair/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "title": "The competition for the title of \"better money\" Part 3",
      "body": "@@ -1193,129 +1193,226 @@\n %0A%0A%3E%22\n-Money is the one thing competition would not make cheap, because its attractiveness r\n+I believe we can do much better than gold ever made possible. Governments cannot do better. Free enterprise, i.e. the institutions that would emerge from a proc\n es\n-t\n s o\n-n it preserving its 'dearness'\n+f competition in providing good money, no doubt would\n .%22%0AF\n@@ -3350,16 +3350,158 @@\n ality!%0A%0A\n+%3E%22Money is the one thing competition would not make cheap, because its attractiveness rests on it preserving its 'dearness'.%22%0AF.A. von Hayek%0A%0A\n https://\n",
      "json_metadata": "{\"tags\":[\"dash\",\"cryptocurrency\",\"money\",\"bitcoin\",\"hayek\"],\"image\":[\"https://blog.vaultoro.com/content/images/2018/06/Vaultoro-Dash_Final.jpg\"],\"links\":[\"www.vaultoro.com/?a=109842\",\"https://blog.vaultoro.com/2018/06/08/dash-dao-invests-in-vaultoro-to-launch-gold-to-dash-trading-pair/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "title": "The competition for the title of \"better money\" Part 3",
      "body": "@@ -62,17 +62,16 @@\n rrencies\n-.\n %0A %0AThe c\n",
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      "title": "The competition for the title of \"better money\" Part 2",
      "body": "@@ -2425,16 +2425,48 @@\n to-fuss.\n+%0A%0A# The governance model of DASH\n %0A %0AAnoth\n",
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      "title": "The competition for the title of \"better money\" Part 2",
      "body": "@@ -4148,17 +4148,16 @@\n rrencies\n-.\n %5D(https:\n",
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      "body": "@@ -16,17 +16,17 @@\n H - the \n-R\n+r\n aptors a\n@@ -3027,17 +3027,16 @@\n rrencies\n-.\n %5D(https:\n",
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      "title": "The competition for the title of \"better money\" Part 3",
      "body": "@@ -3040,45 +3040,46 @@\n buy \n-gold with both DASH and bitcoin. So t\n+physically allocated gold with DASH. T\n he c\n@@ -3251,16 +3251,17 @@\n  reality\n+!\n %0A%0Ahttps:\n",
      "json_metadata": "{\"tags\":[\"dash\",\"cryptocurrency\",\"money\",\"bitcoin\",\"hayek\"],\"image\":[\"https://blog.vaultoro.com/content/images/2018/06/Vaultoro-Dash_Final.jpg\"],\"links\":[\"www.vaultoro.com/?a=109842\",\"https://blog.vaultoro.com/2018/06/08/dash-dao-invests-in-vaultoro-to-launch-gold-to-dash-trading-pair/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "title": "The competition for the title of \"better money\" Part 1",
      "body": "@@ -2798,8 +2798,332 @@\n on Hayek\n+%0A%0A%5BTo Part 2 - The sensual charm of Bitcoin, DASH & CO%5D(https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-2)%0A%5BTo Part 3 - How the suicide of the state monetary system fuels cryptocurrencies.%5D(https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-3)\n",
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      "title": "The competition for the title of \"better money\" Part 2",
      "body": "@@ -4062,12 +4062,189 @@\n  discussion.\n+%0A%0A%5BTo Part 3 - How the suicide of the state monetary system fuels cryptocurrencies.%5D(https://steemit.com/dash/@dashionalist/the-competition-for-the-title-of-better-money-part-3)\n",
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      "title": "The competition for the title of \"better money\" Part 2",
      "body": "# The sensual charm of Bitcoin, DASH & CO\n \nOnly those who have had this very sensual new crypto money experience actually know what we are talking about here: with DASH, transfers only take seconds (not days or weeks - even when it goes to the other end of the world). The whole thing costs \"cents\" - regardless of the total amount, without a bank, i.e. without any newer and higher fees, regardless of bank opening times, i.e. also without delay on holidays, Saturdays, Sundays and public holidays. And its  peer to peer , 24 hours a day....   7 days a week (not 4.5 as with banks).\nThen there are hardware \"wallets\" that can read the blockchain securely from any virus-infected and bugged computer. They serve as \"your own bank\" with your own account, to which no other person has access than yourself. These - your own values - are \"uncrackably\" encrypted in the blockchain - and you can store them in any other medium you can think of. Bitcoin was recently unable to keep up with its own pace of transactions because it was overwhelmed by the phenomenal success of its own volume increase. For the time being - after putting on a second layer - Bitcoin has solved this problem.\n \nSome early Bitcoin disciples continue to comfort themselves with the increase in value and Bitcoin's gold-like properties. But some fail to realize that at the rapid pace of development in the crypto-biotope, one cannot rest on initial achievements. Those who have invested early into their \"escape money\" only once in the right cryptos can hardly understand why they should change back into \"valuable\" dollars, because they still enjoy their  fantastic course profits - even after the recent  price decline . \n\n![Dash_Logo_2018.png](https://cdn.steemitimages.com/DQmTY24KkPC8Zoe1nBckEwEH975KRJPfzABCxr8ExUx9P7X/Dash_Logo_2018.png)\n\nThanks to its network of master nodes, DASH, remains within seconds for transfers and can send these not only \"pseudonymously\" but even \"anonymously\" (as with real cash) with its \"private send\" function anywhere in the world. DASH wants to become the digital money of the future.  The consumer experience is still very techno-, crypto-, and nerd-heavy in most crypto currencies, but currencies like DASH are working on new wallets like \"Evolution\" (which is not just name but also mission). Evolution should make money transfer for everyone as easy as sending an email - without visible or perceptible crypto-fuss.\n \nAnother important feature of competition comes into play here: the so called  \"governance\" of the respective currency. While sometimes \"old-fashioned\" crypto currencies such as Bitcoin and Ethereum are developing in chaotic, sometimes anarchistic - looking long debates and in leaps and bounds - sometimes with painful divisions, so-called forks.  DASH has its own \"governance\" called DASH-DAO (= Decentralized Autonomous Organization) that prevents substance-sapping fragmentation of the currency - promoting  \"evolution\". The internal advantage: Decisions that took years at Bitcoin can be made within 24 hours in an institutionally ordered and democratic process by the so-called \"stakeholders\" (who are the owners of the master nodes). \n\n\nBut there are other advantages as well:  The DASH-DAO is a creature as the legendary Hydra: if you beat off one head, two will grow somewhere else. \nThat’s a competitive edge over the most powerful opponents, so many states, that are looking for ways to get rid of the unpleasant private money competition. DASH has now a network of more than 4,500 master nodes spread all over the world and these are made available by so-called \"stakeholders\" who each hoard 1,000 DASH for this purpose and can only then operate one master node. Masternodes get 45% of all new DASH's for the service they provide service, which corresponds to continuous revenue and guarantees DASH a robust, healthy and self-financed network infrastructure. Moreover, it is them, and not the miners or any obscure sponsors, who determine the direction of DASH policy transparently  by voting proposals after public discussion.",
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      "title": "The competition for the title of \"better money\" Part 2",
      "body": "# The sensual charm of Bitcoin, DASH & CO\n \nOnly those who have had this very sensual new crypto money experience actually know what we are talking about here: with DASH, transfers only take seconds (not days or weeks - even when it goes to the other end of the world). The whole thing costs \"cents\" - regardless of the total amount, without a bank, i.e. without any newer and higher fees, regardless of bank opening times, i.e. also without delay on holidays, Saturdays, Sundays and public holidays. And its  peer to peer , 24 hours a day....   7 days a week (not 4.5 as with banks).\nThen there are hardware \"wallets\" that can read the blockchain securely from any virus-infected and bugged computer. They serve as \"your own bank\" with your own account, to which no other person has access than yourself. These - your own values - are \"uncrackably\" encrypted in the blockchain - and you can store them in any other medium you can think of. Bitcoin was recently unable to keep up with its own pace of transactions because it was overwhelmed by the phenomenal success of its own volume increase. For the time being - after putting on a second layer - Bitcoin has solved this problem.\n \nSome early Bitcoin disciples continue to comfort themselves with the increase in value and Bitcoin's gold-like properties. But some fail to realize that at the rapid pace of development in the crypto-biotope, one cannot rest on initial achievements. Those who have invested early into their \"escape money\" only once in the right cryptos can hardly understand why they should change back into \"valuable\" dollars, because they still enjoy their  fantastic course profits - even after the recent  price decline . \n\n![Dash_Logo_2018.png](https://cdn.steemitimages.com/DQmTY24KkPC8Zoe1nBckEwEH975KRJPfzABCxr8ExUx9P7X/Dash_Logo_2018.png)\n\nThanks to its network of master nodes, DASH, remains within seconds for transfers and can send these not only \"pseudonymously\" but even \"anonymously\" (as with real cash) with its \"private send\" function anywhere in the world. DASH wants to become the digital money of the future.  The consumer experience is still very techno-, crypto-, and nerd-heavy in most crypto currencies, but currencies like DASH are working on new wallets like \"Evolution\" (which is not just name but also mission). Evolution should make money transfer for everyone as easy as sending an email - without visible or perceptible crypto-fuss.\n \nAnother important feature of competition comes into play here: the so called  \"governance\" of the respective currency. While sometimes \"old-fashioned\" crypto currencies such as Bitcoin and Ethereum are developing in chaotic, sometimes anarchistic - looking long debates and in leaps and bounds - sometimes with painful divisions, so-called forks.  DASH has its own \"governance\" called DASH-DAO (= Decentralized Autonomous Organization) that prevents substance-sapping fragmentation of the currency - promoting  \"evolution\". The internal advantage: Decisions that took years at Bitcoin can be made within 24 hours in an institutionally ordered and democratic process by the so-called \"stakeholders\" (who are the owners of the master nodes). \n\n\nBut there are other advantages as well:  The DASH-DAO is a creature as the legendary Hydra: if you beat off one head, two will grow somewhere else. \nThat’s a competitive edge over the most powerful opponents, so many states, that are looking for ways to get rid of the unpleasant private money competition. DASH has now a network of more than 4,500 master nodes spread all over the world and these are made available by so-called \"stakeholders\" who each hoard 1,000 DASH for this purpose and can only then operate one master node. Masternodes get 45% of all new DASH's for the service they provide service, which corresponds to continuous revenue and guarantees DASH a robust, healthy and self-financed network infrastructure. Moreover, it is them, and not the miners or any obscure sponsors, who determine the direction of DASH policy transparently  by voting proposals after public discussion.",
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      "permlink": "dash-and-bitcoin-compete-for-the-title-of-better-money",
      "title": "The competition for the title of \"better money\" Part 1",
      "body": "# Bitcoin & DASH - the Raptors are loose!\n \n\nThe biotope of the primordial currency soup is full of life: over 1.500 altcoins scurry around. Monetary experiments can be observed, almost under laboratory conditions, as currencies come and go. Many so called \"Shitcoins\" become fossils or the fertilizers for the surviving species. The pressure of selection leads to new, ever better digital \"money\" that embraces better ideas and characteristics from competitors to serve just one goal: to become the winner in the fight for \"good money\". The genie is out of the bottle, this process is irreversible, like pushing toothpaste out of a tube. It's like an \"inverted\" Jurassic-Park script: while in the real world the dinosaur currencies are still chewing their leaves complacently, new, nimble, intelligent and very adaptable currency- creatures have escaped from the laboratory, beginning to conquer the outside world.\n\nThis is not a movie - nor fiction: THIS is exciting reality!\n \n![evolution.jpg](https://cdn.steemitimages.com/DQmSg3WQxwLhqsfpe1Ewyg6DotbrSd5CPo6p7PwTCoR2CqA/evolution.jpg)\n\nThe audience is amazed at how quickly these creatures are growing with unexpected price rises and rising market capitalization. Along with every sawtooth-like slowdown in growth someone screams \"attention - now the bubble is about to burst!\" The loudest among those are the central banks - and banksters of those very countries that either see their shrink-money-business model swimming away or those who have ruined the money itself. They try to prevent the flight of capital with exchange controls and restrictions at their borders. But with crypto currencies you can pass customs \"naked\" and still take unlimited amounts of money with you. Central banks (such as the ECB, the PBC, the FED, etc.) print oceans of money - as if  there would be no tomorrow any more. Ironically they warn of \"evil speculators\" whom they themselves generously supply with their \"money bazooka\". But what's gonna burst first: state money or cryptos?\n\n \nAs long as money flows in from outside, as long as the state can not force the \"toothpaste back into the tube”, there is no reason why the crypto currencies must not continue to grow . After all, DASH and BTC are limited but the torrents of state money are not! Another limit for the development of value is competition: nobody knows today who will run in as winner or who will fall behind. \nThis depends as with every evolution - on the selection pressure and the respective money characteristics.\n\n>\"What is now urgently required is not the construction of a new system but the prompt removal of all the legal obstacles which have for two thousand years blocked the way for an evolution which is bound to throw up beneficial results which we cannot now foresee.\"\nF. A. von Hayek",
      "json_metadata": "{\"tags\":[\"dash\",\"cryptocurrency\",\"money\",\"bitcoin\",\"hayek\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn.steemitimages.com/DQmSg3WQxwLhqsfpe1Ewyg6DotbrSd5CPo6p7PwTCoR2CqA/evolution.jpg\"]}"
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      "permlink": "dash-and-bitcoin-compete-for-the-title-of-better-money",
      "title": "The competition for the title of \"better money\" Part 1",
      "body": "# Bitcoin & DASH - the Raptors are loose!\n \n\nThe biotope of the primordial currency soup is full of life: over 1.500 altcoins scurry around. Monetary experiments can be observed, almost under laboratory conditions, as currencies come and go. Many so called \"Shitcoins\" become fossils or the fertilizers for the surviving species. The pressure of selection leads to new, ever better digital \"money\" that embraces better ideas and characteristics from competitors to serve just one goal: to become the winner in the fight for \"good money\". The genie is out of the bottle, this process is irreversible, like pushing toothpaste out of a tube. It's like an \"inverted\" Jurassic-Park script: while in the real world the dinosaur currencies are still chewing their leaves complacently, new, nimble, intelligent and very adaptable currency- creatures have escaped from the laboratory, beginning to conquer the outside world.\n\nThis is not a movie - nor fiction: THIS is exciting reality!\n \n![evolution.jpg](https://cdn.steemitimages.com/DQmSg3WQxwLhqsfpe1Ewyg6DotbrSd5CPo6p7PwTCoR2CqA/evolution.jpg)\n\nThe audience is amazed at how quickly these creatures are growing with unexpected price rises and rising market capitalization. Along with every sawtooth-like slowdown in growth someone screams \"attention - now the bubble is about to burst!\" The loudest among those are the central banks - and banksters of those very countries that either see their shrink-money-business model swimming away or those who have ruined the money itself. They try to prevent the flight of capital with exchange controls and restrictions at their borders. But with crypto currencies you can pass customs \"naked\" and still take unlimited amounts of money with you. Central banks (such as the ECB, the PBC, the FED, etc.) print oceans of money - as if  there would be no tomorrow any more. Ironically they warn of \"evil speculators\" whom they themselves generously supply with their \"money bazooka\". But what's gonna burst first: state money or cryptos?\n\n \nAs long as money flows in from outside, as long as the state can not force the \"toothpaste back into the tube”, there is no reason why the crypto currencies must not continue to grow . After all, DASH and BTC are limited but the torrents of state money are not! Another limit for the development of value is competition: nobody knows today who will run in as winner or who will fall behind. \nThis depends as with every evolution - on the selection pressure and the respective money characteristics.\n\n>\"What is now urgently required is not the construction of a new system but the prompt removal of all the legal obstacles which have for two thousand years blocked the way for an evolution which is bound to throw up beneficial results which we cannot now foresee.\"\nF. A. von Hayek",
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      "body": "Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:\nhttps://steemit.com/cryptocurrency/@dashionalist/dash-and-bitcoin-compete-for-the-title-of-better-money",
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      "permlink": "the-competition-for-the-title-of-better-money-part-3",
      "title": "The competition for the title of \"better money\" Part 3",
      "body": "# How the suicide of the state monetary system fuels cryptocurrencies.\n \nThe central banks of this world are about to \"liquidate\" themselves: Drunk in delusion of feasibility they continue to destroy monetary value by quantitative easing and inflation which have led to the loss of the value-preservation function of public money. The downward manipulation of interest rates is destroying more and more valuable capital. The pricing mechanism has been suspended; in short , in the final phase of state money market economy has now been de facto abolished. In its final megalomania,the  state actually believes that  it can also gain total control over the financial subjects by means of modern Blockchain technology and they  are playing now with the idea of abolishing cash. Cash  - loved by the majority of its people - but annoying for the state itself.\nBut beware! Central banks could not render any greater gift to digital cash currencies such as DASH (= abbreviation for \"digital cash\") than the \"cash abolition\" itself . Either by banning Cash directly or - by destroying their currency themselves and leave no other choice to the customer than to pick a reliable private digital money.\n\n>\"Money is the one thing competition would not make cheap, because its attractiveness rests on it preserving its 'dearness'.\"\nF. A. von Hayek\n\nIt’s a great opportunity for the cupped victims of the state money monopoly: to use the better crypto-money and get rid of the kleptocratic state money.  Economically it makes sense to renounce inflation and negative interest rates and to exchange good money that eventually can be hoarded like gold because it does not lose its value (because it is designed deflationary). With DASH constant payment flows are generated (currently approx. 7% positive interest!).\n\nBy simply voting with one's own wallet, facts and structures are created that make public debt money more and more obsolete. This process is is called REPUDIATION (=non-acceptance and rejection). Price gains may not just be speculation - they could be proof of Gresham's Law. Supporters of the crypto currencies are just as convinced of their money as gold-bugs, because they have experienced that even strong setbacks of various causes (e.g. stolen stock exchanges, several supposedly \"burst\" bubbles, even forks) could not seriously harm the value of their investment in the long term. Meanwhile even convinced gold-bugs ask how one could use cryptos for the later liquidation of the gold hoards or elegantly for short-term smaller expenditures. \"Buying bread with (heavy) gold\" - without the banking system - is already de facto only possible with the help of cryptos... and becoming simpler every day.\n\nSince the DAO recently voted in favor of a proposal by [vaultoro.com](www.vaultoro.com/?a=109842) the only bitcoin/gold marketplace in the world  is about to [implement DASH on their platform](https://blog.vaultoro.com/2018/06/08/dash-dao-invests-in-vaultoro-to-launch-gold-to-dash-trading-pair/), there will be a possibility to buy gold with both DASH and bitcoin. So the competition for gold-bugs is on and late Nobel prize winning F.A. von Hayek's proposal of a gold backed private monetary system with guaranteed privacy may now become reality\n\nhttps://blog.vaultoro.com/content/images/2018/06/Vaultoro-Dash_Final.jpg",
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      "title": "The competition for the title of \"better money\" Part 2",
      "body": "# The sensual charm of Bitcoin, DASH & CO\n \nOnly those who have had this very sensual new crypto money experience actually know what we are talking about here: with DASH, transfers only take seconds (not days or weeks - even when it goes to the other end of the world). The whole thing costs \"cents\" - regardless of the total amount, without a bank, i.e. without any newer and higher fees, regardless of bank opening times, i.e. also without delay on holidays, Saturdays, Sundays and public holidays. And its  peer to peer , 24 hours a day....   7 days a week (not 4.5 as with banks).\nThen there are hardware \"wallets\" that can read the blockchain securely from any virus-infected and bugged computer. They serve as \"your own bank\" with your own account, to which no other person has access than yourself. These - your own values - are \"uncrackably\" encrypted in the blockchain - and you can store them in any other medium you can think of. Bitcoin was recently unable to keep up with its own pace of transactions because it was overwhelmed by the phenomenal success of its own volume increase. For the time being - after putting on a second layer - Bitcoin has solved this problem.\n \nSome early Bitcoin disciples continue to comfort themselves with the increase in value and Bitcoin's gold-like properties. But some fail to realize that at the rapid pace of development in the crypto-biotope, one cannot rest on initial achievements. Those who have invested early into their \"escape money\" only once in the right cryptos can hardly understand why they should change back into \"valuable\" dollars, because they still enjoy their  fantastic course profits - even after the recent  price decline . \n\n![Dash_Logo_2018.png](https://cdn.steemitimages.com/DQmTY24KkPC8Zoe1nBckEwEH975KRJPfzABCxr8ExUx9P7X/Dash_Logo_2018.png)\n\nThanks to its network of master nodes, DASH, remains within seconds for transfers and can send these not only \"pseudonymously\" but even \"anonymously\" (as with real cash) with its \"private send\" function anywhere in the world. DASH wants to become the digital money of the future.  The consumer experience is still very techno-, crypto-, and nerd-heavy in most crypto currencies, but currencies like DASH are working on new wallets like \"Evolution\" (which is not just name but also mission). Evolution should make money transfer for everyone as easy as sending an email - without visible or perceptible crypto-fuss.\n \nAnother important feature of competition comes into play here: the so called  \"governance\" of the respective currency. While sometimes \"old-fashioned\" crypto currencies such as Bitcoin and Ethereum are developing in chaotic, sometimes anarchistic - looking long debates and in leaps and bounds - sometimes with painful divisions, so-called forks.  DASH has its own \"governance\" called DASH-DAO (= Decentralized Autonomous Organization) that prevents substance-sapping fragmentation of the currency - promoting  \"evolution\". The internal advantage: Decisions that took years at Bitcoin can be made within 24 hours in an institutionally ordered and democratic process by the so-called \"stakeholders\" (who are the owners of the master nodes). \n\n\nBut there are other advantages as well:  The DASH-DAO is a creature as the legendary Hydra: if you beat off one head, two will grow somewhere else. \nThat’s a competitive edge over the most powerful opponents, so many states, that are looking for ways to get rid of the unpleasant private money competition. DASH has now a network of more than 4,500 master nodes spread all over the world and these are made available by so-called \"stakeholders\" who each hoard 1,000 DASH for this purpose and can only then operate one master node. Masternodes get 45% of all new DASH's for the service they provide service, which corresponds to continuous revenue and guarantees DASH a robust, healthy and self-financed network infrastructure. Moreover, it is them, and not the miners or any obscure sponsors, who determine the direction of DASH policy transparently  by voting proposals after public discussion.",
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      "permlink": "dash-and-bitcoin-compete-for-the-title-of-better-money",
      "title": "The competition for the title of \"better money\" Part 1",
      "body": "@@ -2519,16 +2519,17 @@\n tics.%0A%0A%3E\n+%22\n What is \n@@ -2781,8 +2781,25 @@\n foresee.\n+%22%0AF. A. von Hayek\n",
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      "title": "The competition for the title of \"better money\" Part 1",
      "body": "@@ -2516,8 +2516,272 @@\n ristics.\n+%0A%0A%3EWhat is now urgently required is not the construction of a new system but the prompt removal of all the legal obstacles which have for two thousand years blocked the way for an evolution which is bound to throw up beneficial results which we cannot now foresee.\n",
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      "title": "The competition for the title of \"better money\" Part 1",
      "body": "@@ -908,16 +908,78 @@\n e world.\n+%0A%0AThis is not a movie - nor fiction: THIS is exciting reality!\n %0A %0A!%5Bevo\n@@ -1088,70 +1088,8 @@\n g)%0A%0A\n-This is not a movie - nor fiction: THIS is exciting reality!%0A%0A\n The \n",
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