Re:Dash – A Governance and Privacy Coin
by TrainedMonkey on Friday October 13, 2017 @07:02PM
(#15469773)
I really screwed up my math, thanks for checking.
Order of magnitude sanity check is ~10 dash for btc, so 1,000 Dash should be on the order of 100 btc.
Maybe I'm calculating this incorrectly, but using the above, I come up with a cost of 75 BTC for 1000 DASH. And given the current BTC price of DASH at coinmarketcap.com[0], I see 1000 DASH would run about 55 BTC.
Either way, it's certainly possible that the purchase was for diversification, if one speculates the initial BTC "basket" was quite a bit larger.
[0] https://coinmarketcap.com/currencies/dash/