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RE: I sold all of my DASH and bought PIVX
Right now fees for bitcoin transfers have gotten quite expensive so PIVX has a reason to exist. Using PIVX transactions are instantaneous and very cheap. Online vendors can use PIVX to make transactions and after they have a large sum of money, than they can transfer the money back to bitcoin blockchain from PIVX blockchain annd this way save up on transfer fees
I entirely agree. but, where as you can go straight from fiat to bitcoin (if you jump through enough hoops), you can't do anything of the sort with PIVX or really any other. Making bitcoin the only one of the bunch that can interact with the pre-existing (and importantly, Massive) monetary structures. There is no way to get the other coins ... that makes the relationship between PIVX and BTC very similar to the relationship between gold and a fiat currency. PIVX is the fiat here.
For now PIVX helps to solve problems with privacy and with high fees that bitcoin blockchain has. I don't know what is going to happen with it's development in the future. If bitcoin will not fix high fees issues people in third world countries will not be able to use it because trasaction fees are now as high as their daily income. The only way for them to make online transactions right now is cryptocurrency that runs on a blockchain with inexpensive fees e.g. PIVX. I think pretty soon we will be able to exchange PIVX directly to fiat. Besides there are 2-3 billion potential customers for cryptocurrency with low fees. This incentive alone should be enough.