Why do I keep reporting all this bad news with the Dash Competitive Basket Index? I'm glad you asked.
I have had a few people ask me to stop publishing the Dash CBI because basically, the news has been so bad lately. The CBI has been particularly ugly since the third week of September, that is true. But it has not always been so, and it will not always be so. I am a spreadsheet nerd, and the data serves no master. The data is brutally honest, and the data won't lie, even if the story it tells is an unpleasant one.
On the other hand, one of the major long term goals of the CBI is as an educational tool. Prior to building this objective metric/tool, we really did not have a good way to measure how well or poorly we were doing compared to the other crypto projects in the top 20 or 30'ish.
Now I'm going to sh!t on my own work. Why are we so obsessed with CoinMarketCap and CoinPaprika? And yet, I know you look at it a lot (on the whole, as a group). Is that fair? Is that wise? Does our current dollar price or ranking actually tell us much about our success at the mission of making honest money for the world? At this point, meh, not really.
What are some other ways we could objectively asses our progress in the mission? For one thing, we could just totally ignore those crypto projects that are not true competitors to Dash. Ethereum/Ether has a totally different use case (smart contracts) than dash. Tether is a stable coin and is similar to Dash like a fish is to a bicycle. Monero is the super secret total privacy secret squirrel coin (user experience be damned).
So let's do a little exercise that cuts some or all of those non-competitors out.
It turns out that we're still in the top 10 (or better) based on several objective measures.
BitWise runs a crypto fund of the top ten "real" cryptos for people who don't want to do the huge amount of research. Dash is in that select group:
And really, we're in the top 5. Our only real competitor...
Dash Nigeria head Nathanial Luz has authored and published a cryptocurrency introduction book, “Digital Is the Cash” with a foreword by Dash Core CEO Ryan Taylor, to educate newcomers to the space. Di...