Hey guys
Im sure you have seen on Abraxas and Nucleus Markets they dont just accept Bitcoin as payment method. They also accept DASH. Dash is a crypto currency similar to Bitcoin but with some significant advantages when using it on the markets.
Im not bagging bitcoin. Bitcoin is great. But I personally think Dash is a far safer coin to use on the dark net markets, for customers and vendors. Bitcoin has got us this far in the darknet scene but anyone that knows a bit about BTC realizes its hard to stay anonymous. Look at these new sites emerging to analysise the block chain. eg. blockseer.com etc. bit coin is expensive and risky to mix (tumble) and if your a vendor you have to tumble your coins, to stay safe.
Dash has a built in feature called Darksend. Its an internal coin mixer. Im sure a few of you have used 3rd party Bitcoin mixers eg. BTC Fog and helix etc. The problem with these coin tumblers is you have to trust the person running the tumbler. As BTC Fog has shown these guys cannot be trusted. ( they steal coins all the time ) Darksend allows you to 'mix'/ tumble your own coins with NO chance of being ripped off. Its built into dash at protocol level.
Another awesome thing with DASH is the transfers are so much faster than BTC. Im sure you have transferred BTC to a market and some times it can take 1 hr + for the coins to show in your market wallet. DASH confirmation a a lot faster. when i have transferred DASH to the DNM's they take less than 10 minutes to show up.
Also something else to note. If enough people start using DASH on these markets the market admins might implement another DASH feature. Its called 'Instant X'. InstantX makes transactions confirm with in seconds. ( instant irreversible transactions.) This could mean if implemented into the DMN markets when you transfer coins to a market they could be spendable on the site within 0-3 seconds !! no waiting for confirmations.
I think DASH is a lot safer that Bitcoin for vendors and customers using darknet markets. The only reason why everyone is not using it yet is lots of people dont know about it, and everyone is used to bitcoin. When a few big vendors start to ask for DASH rather than BTC, customers will catch on.
The current problem with dash is you have to buy BTC and then convert to DASH. or if your a vendor you have to convert the DASH to btc and then cash out. When someone makes a localdashcoins.com or other services that people can trade cash directly for dash I think we will see a lot more people using it for dark net transactions.
Its currently very simple to trade BTC for dash or DASH to BTC now via shapeshift.io or other exchanges like Cryptsy and Poloniex and heaps more.
I dont think bitcoin will be replaced anytime soon in the darknet, but im sure you have noticed bitcoin is getting noticed by banks and other big ' legitimate ' company's and investors. Bitcoin is here to stay and i think it will be worth far more than what it is worth right now. But i think Bitcoin it going mainstream/ going more 'legit'. I think there is better coins to use on the darknet markets. eg Dash.
These markets have not added this coin for the hell of it they have added it because they realize the value this coin can bring to the table. If your a vendor reading this seriously check dash out! the more people that start to use it the easier it will be to deal with.
Dash is user friendly cheaper and keeps getting faster. Bitcoin is like Nokia or Windows 10 years ago. Sure it is dominant now, but they're not changing and competition is moving up fast.