RE: Dash Is Making Itself User Friendly And Steemit Can Learn From How They Do It
Whatever DASH is doing to catapult it's price to $50+ is worthy of scrutiny, but I am not sure that user friendliness is the reason. I've seen estimates that there are a million Bitcoin users out there. That's 1 in 7000 people; pretty scarce. The users of DASH must be like 1 in 50,000 people. If they are all billionaires, DASH wins! But, I don't think that is the case.
What DASH has is a a sound investment program (prices skyrocketing like a bat out of hell) and this attracts investment and drives prices up some more. Of course, the whole DASH thing could be a giant pump and dump, but DASH is selling at $50 a coin - that's a lot of moola for some upstart cryptocurrency that offers anonymity (big deal), says it's secure and is fast. That's less than minimum if it's gonna succeed in the marketplace. I've never seen any mention of how much it costs.
Furthermore, according to Cointelegraph, one reason for the DASH dazzle was their hooking up with BlockPay which facilitates merchant usage. Another reason is simply that a lot of money is going into DASH. They have the knack of attracting $$$.
I have not spent a lot of time looking into DASH, but my initial investigation revealed an organization sophisticated in classic financial style. They smell like Wall Street, quack like Wall Street and walk like Wall Street. Methinks: DUCK!
Steemit is more of a people's cryptocurrency. It's built around community and they got anarchists who always make the public feel safe and secure because they want to pull down the whole capitalist system (sarcasm).
Finally, yes, Steemit should learn from DASH, if only to copy all the good stuff, improve on it and steal the market away from them with superior all around marketing. But then again, in the old way of doing things, Steemit could merge with them, but with DASH holding all the chips, it might be a hostile takeover.
You make some very good points. I see all the good stuff as having a budget to create a customer service department, doing away with long passwords in exchange for just usernames and generally having a plan and some funds for R and D.
Yeppers, we need customer service. Nothing like a poorly paid wretch to take abuse and act as a sounding board for when someone sends 10,000 satoshis to the wrong address; whoops.
Originally, the plan was for the Steemit social media to launch the Steem cryptocurrency. Well, they launched it, made a few overnight millionaires and now Steem fades into the sunset. But, we still have the social media! Maybe, it was really the other way around; a cryptocurrency launched a social media.
One big experiment. Interesting to be part of it.