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asksteem! What Crypto Currencies are you currently using and why? by mls

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· @mls · (edited)
asksteem! What Crypto Currencies are you currently using and why?
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<p><br></p>
<p><strong>What crypto currencies are you currently using and why?</strong></p>
<p>I just started using Bitcoin fairly recently and really like it. BTC is super easy to buy and lots of places accept it for payment now &nbsp;I have heard a lot about DASH and Ether and might check those out next!</p>
<p>Leave a comment and let me know which crypto you are using right now and why!</p>
<p><img src="https://i.imgsafe.org/88f5edb9da.png" width="195" height="242"/></p>
<p>If you like this post please , upvote and resteem!</p>
<p>If you want to show more love here is my Bitcoin Address</p>
<p>BTC: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1HiHp8Uc7Hf8q6TJhxYAcJr35vddALQp2L</p>
<p>Thanks,</p>
<p><strong>MLS</strong>&nbsp;</p>
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vote details (54)
@sponge-bob ·
- Holding bitcoin mined at $1/btc
- Using dash as primary currency (via shapeshift for those who want btc)
- Holding 1000 dash as a node (for income) 
- Currently holding Monero and MaidSafe with 20-25% increas over last 4 weeks.

I am using dash because I am tired of the long wait times, when sending bitcoin - it is only fast when paying large fees.   I only make 10+ coin trades with bitcoin, otherwise it's too expensive.
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vote details (4)
@mls ·
Thanks for the comment! I am jealous wish i had mined at $1 lol! I just got in recently. I might have to try using DASH! Do you think btc transaction speeds will get faster?
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@sponge-bob ·
Bitcoin transactions are slow because the difficulty is so high and only so many transaction can be jammed it one block.   Most wallet programs are set up to use a certain fee which is way too low to be appealing to the miners (not the people - the algorithm) - Newer wallet programs allow you to set your fee amount.  When I transfer from my bitcoin wallet, my transactions are lightning fast.  Yours can be too if you pay a $20.00 fee - that is why I said, 

`it is only fast when paying large fees. I only make 10+ coin trades with bitcoin, otherwise it's too expensive.`

Bitcoin was designed to be this way.  Block rewards have gone from 50, to 25, to 12.5btc per block found.   In time, there will be no block reward and it will become too expensive to use for a coffee or a pizza.   I hope that answered your question.
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@mls ·
sponge bob could you explain"Holding 1000 dash as a node (for income)" I dont fully understand?
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@sponge-bob ·
Dash is 45% for miners, 45% for "Master Nodes" and 10% for marketing and staff.  

https://youtu.be/4GRrLiTCq5M
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