Amanda Johnson Interview: Intro to Dash and Steemit

piedpiper (70) in fort-galt • 9 years ago (edited)

We're accepting a wider range of cryptocurrencies at Fort Galt and Amanda's here to explain why Dash is her favorite.

9 years ago by piedpiper (70)

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billbutler (65) · 9 years ago

It's funny, even in this interview people miss the point that Bitshares is, at it's core, a DEX. The real currencies are the derivatives like bitUSD etc.

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4 votes

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hannixx42 (59) · 9 years ago

I totally agree with Bitcoin having zero chance of being adopted as the coin of mass currency usage. It's absolutely going to be an altcoin.

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3 votes

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cryptogee (75) · 9 years ago

I disagree, most people outside of this space have only ever heard of Bitcoin, at first they will be drawn to its stability. Then maybe after all Bitcoin is mined, it will be considered as gold is.

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5 votes

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piedpiper (70) · 9 years ago

Yeah, bitcoin is like digital gold while something like dash can better be used as digital cash.

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4 votes

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hannixx42 (59) · 9 years ago (edited)

Give it time @cryptogee. I feel bitcoin will always be the "reserve" and gold of crypto but as far as adoption for mass usage it will be coins that are easier to obtain and have added all the features and functionality bitcoin lacks.

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1 vote

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piedpiper (70) · 9 years ago (edited)

The alternative would be to have intermediary service providers to facilitate daily transactions while assuming the risk, managing trust/credit, and charging fees accordingly... basically what credit card companies are today.

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2 votes

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the-alien (73) · 9 years ago

I have to say, I agree with @cryptogee on this one.

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bryner (53) · 9 years ago (edited)

I thought that Bitcoin will take another 100 years or so before all of it is mined? If it is still around, I am sure it will be much more stable, but then again that is a big IF it is still around.

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nanzo-scoop (74) · 9 years ago

Great interview. Dash ("Darkcoin" as it then was) was the first coin that got me into cryptocurrencies in early 2014. Whilst I don't follow it's developments as much now, I still believe anonymous transactions has a massive role to play in the future . Love Amanda's blend of enthusiasm and knowledge!

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4 votes

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cryptogee (75) · 9 years ago

Wow, that's interesting that you got into cryptocurrency via an alt coin, I bet that's not too common. Did you have friends in the space, or did you just find it out for yourself?

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nanzo-scoop (74) · 9 years ago

Well I first heard about Bitcoin after the price spike in late 2013. I looked into it, but when I heard it was a "public ledger" my first thoughts were 'that's a load of crap, why would I (or anyone else) want my personal financial affairs broadcast for the world to see?' I was also shocked that people thought 10 minutes to confirm a transaction was somehow 'fast.'

It wasn't until a friend put me on to Darkcoin and anonymous transactions that I took a keener interest. It was the only coin allegedly offering anonymous transaction so I bought some Bitcoin to buy some Darkcoin. A couple of months later the Cryptonote coins launched, claiming to offer 'truly' anonymous transactions. Those coins looked a better bet than Darkcoin so I invested in them as well.

Since then, Bitcoin has really just been a gateway for me to invest in other cryptocurrencies. I do hold some BTC, however I think most of the innovation is elsewhere in this space (e.g. like this site).

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cryptogee (75) · 9 years ago

Thanks Nanzo, that's so interesting, I'm still paddling in the crypto pool, I have to wade in a bit further and start checking out other things. It's really good to be able to feed of the expertise of people like yourself.

I'm going to take a look at Dash and ask @bleepcoin what he thinks; he's my cryptoguru :-)

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living-freedom (51) · 9 years ago

Amanda good to hear from you again!! I miss The Daily Decrypt, was my news paper of sorts along with my morning coffee. You have the perfect mixture of knowledge and enthusiasm! You also have a knack for explaining these complex things pretty darn well! Good to see you again!

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grumpymutt (55) · 9 years ago (edited)

great interview

but now i have one question about bitshares.
quote :: @ 4:50

a completely transparent blockchain with your name attacted to every transaction you ever made.

is this true? if so she has a point. i don't want that.

EDIT: yes true https://cryptofresh.com/u/bytemaster

also i found out bitshares is working on something called stealth.
also read this https://steemit.com/bitshares/@tarantulaz/why-i-think-stealth-backups-and-sidechains-shouldnt-be-added-in-bitshares

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2 votes

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kencode (69) · 9 years ago

Bitshares Munich will be holding a fundraiser for the Stealth project next week I think to get that project finished up.

Stealth is a way for you to totally anonymize the sender, receiver and amounts with your transactions in 3 seconds or less. It makes using crypto 100% untraceable. Watch the Bitsharestalk.org forum for more info on that.