Cryptotrifecta Moonshot

TO THE MOON is the famous rallying battlecry of Bitcoin blockchain diehards. It is the phrase heard around the world whenever the price of Bitcoin skyrockets relative to fiat currencies. In the last few weeks the price of Bitcoin hit gold parity. And just recently, even with the SEC rejection of the much-anticipated Winklevoss Bitcoin ETF, the value of Bitcoin has quickly recovered to above $1,200 level. There was no “crash.” If anything, it is the Bitcoin community that rejected SEC and not the other way around. Looks like Bitcoin is on its way to the moon after a quick detour.

But all is not well with Bitcoin. There is trouble in the blockchain paradise. The biggest threat to Bitcoin had nothing to do with the SEC rejection. It’s a problem of scaling, and more crucially, a problem of governance. Whatever the outcome of that stalemate, only time will tell. In the meantime, I’d like to offer a more scientifically nuanced analogy to that famous blockchain battlecry.

In the real world of rocket science, going to the moon requires a multi-stage propulsion to achieve orbital velocity. A proven design is a three-stage rocket system. However, modern cost-effective designs (i.e. SpaceX Falcon 9) use a two-stage-to-orbit system. In my view, when it comes to cryptocurrency mass adoption, going “to the moon” is not achieved only with Bitcoin. Bitcoin is the foundation. It’s the tide that lifts all cryptocurrencies. But it is by no means the best blockchain platform. There’s an internet of blockchains on the horizon. There can be as many moonshots as there are solutions to problems that can be solved with a blockchain.

That said, if the “moonshot” is mass adoption of cryptocurrencies, then my Cryptotrifecta is well-positioned to accomplish that goal. Using a two-stage-to-orbit system as analogy: Bitcoin is the first stage rocket, Ethereum is the second-stage, and Dash is the payload that will actually land on the moon. With the current stalemate in Bitcoin scaling debate, only Dash is in a position to become the killer payment system app that could achieve mass user adoption with the upcoming release of Dash Evolution. If and when that happens, Bitcoin would still be an excellent platform for settlement systems, while Ethereum is not vying to be a cryptocurrency at all, but would become the dominant blockchain for enterprise. In my own personal journey with blockchain technology, Bitcoin was my introduction to the wonderful world of blockchains, and my early adoption of Ethereum during its presale enabled me to acquire a Dash masternode.

So here’s to my Cryptotrifecta Moonshot! I’m looking forward to landing on the moon. See you on the dark side.

Trackbacks/Pingbacks (2)

  1. The Cryptotrifecta Shell Game < ~C4Chaos on Tuesday, March 28, 2017 at 11:24 am

    […] my Ether presale to secure me a Dash masternode. My criptotrifecta is now complete. I’m now aiming for that moonshot. I’m ready to hodl like this is […]

  2. $DASH is the Tesla ($TSLA) of Cryptocurrency < ~C4Chaos on Friday, March 31, 2017 at 2:44 pm

    […] Bitcoin is capable of. My top two favorites are Ethereum and Dash. That’s why they complete my Cryptotrifecta Moonshot portfolio as I’ve explained […]