[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[TanteStefana2]

Minimum requirement to get into a budget if there is literally nothing else in there to stop you is 5% of the network in votes, so currently that's 145 votes. But say, you get 100 "no" votes, that means you will need 245 yes votes to have 5%.

Oh wow, Evan, that's pretty dangerous IMO.  otoh could overwhelmingly vote anything to himself (not that he would, but he could) with 20% of the masternodes, and if the other masternode owners aren't on top of things, this could slip by!  Is there a minimum amount of time that must elapse before the first payment can happen (like a month?) so there is time to get people to down vote if it's a bad idea?

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[eduffield]

Does he need only 51%?

Define 51%

51% of the MN system would cost you MILLIONS - if that's what you mean :-P

No haha
Im thinking about %
if they are important, some projects should require more than 51% (yes)

For Voting on a Proposal?

I've not seen the 'Voting' requirements yet


Anybody???
Evan??

Minimum requirement to get into a budget if there is literally nothing else in there to stop you is 5% of the network in votes, so currently that's 145 votes. But say, you get 100 "no" votes, that means you will need 245 yes votes to have 5%.

So if I understand this system... a proposal is scored by summing the votes from all Masternodes where a "yes" vote is +1, an "abstain" is 0, and a "no" is -1. Proposals will be paid starting at the highest score proceeding to the lowest score until the allotted funds are exhausted. Finally, to qualify for any payment at all a proposal must at least score greater than 0.05*Total Masternodes. If not enough qualifying proposals exist then the coins are not generated. For example, if 10% of the coin supply is dedicated to funding and on average qualifying proposals only need 7% of that supply then 3% of the coins will never be created.

Is that correct?

Yes - That's what would happen - if the funds don't get used - they are never born



@Evan - correct me if I'm wrong here but.....

also - with a 5% approval you can only have 20 Proposals getting paid, at any one time - at the most - in a perfect world
SO - when 50% of the votes go towards 1 Proposal you can only have 10 Proposals getting paid at a time
50% + 5% + 5% + 5% + 5% + 5% + 5% + 5% + 5% + 5% + 5% = 100%

SO - over voting can keep people from getting their Proposals approved when everybody gets all excited

33% + 33% + 33% + 1% Abstain = 100%
3 get paid
[all these numbers represent voting yes unless otherwise stated]

if MN = 3000
and 2880 MN vote = YEA
only 1 Proposal can be paid
There's not not enough votes for anybody else to get paid to  = 5%

2880 / 3000 = 96%

Not sure if the system is looking at decimals and if they are, how many significant digits??

@Evan - correct me if I'm wrong here


My Question is: Can we only Vote once on each Proposal
OR can we only Vote once on one Proposal
hummmmmmm....... edited to clarify my question

You can vote on every proposal in the system with each mastenode in the system. So if there's 10 proposals you can vote 10 times. You can change your mind on each of those up to every hour. So the system will respond in real time, up until the point the budget is finalized at the end of the month before payment.

[eduffield]

Minimum requirement to get into a budget if there is literally nothing else in there to stop you is 5% of the network in votes, so currently that's 145 votes. But say, you get 100 "no" votes, that means you will need 245 yes votes to have 5%.

Oh wow, Evan, that's pretty dangerous IMO.  otoh could overwhelmingly vote anything to himself (not that he would, but he could) with 20% of the masternodes, and if the other masternode owners aren't on top of things, this could slip by!  Is there a minimum amount of time that must elapse before the first payment can happen (like a month?) so there is time to get people to down vote if it's a bad idea?

At the end of each cycle, there is a finalization that happens. We'll look at the budget and make sure we like what is happening, if there's something like that happening we can downvote the items in question out of the system. This is really only a concern while we spin up the system anyway. Later on, say the average budget proposal has 30% yes votes, that means you'll need that amount to make it in.

I'll add a minimum lifespan of a proposal before adding it into the budget though, that's a great idea. So the day of finalization we'll have the whole day to review things before they can make it into the final budget.

[poiuty]

Second MN (92.222.108.234:9999) first payout! Congratulations!
https://chainz.cryptoid.info/dash/block.dws?309617.htm

[iCEBREAKER]

Minimum requirement to get into a budget if there is literally nothing else in there to stop you is 5% of the network in votes, so currently that's 145 votes. But say, you get 100 "no" votes, that means you will need 245 yes votes to have 5%.

Oh wow, Evan, that's pretty dangerous IMO.  otoh could overwhelmingly vote anything to himself (not that he would, but he could) with 20% of the masternodes, and if the other masternode owners aren't on top of things, this could slip by!  Is there a minimum amount of time that must elapse before the first payment can happen (like a month?) so there is time to get people to down vote if it's a bad idea?

At the end of each cycle, there is a finalization that happens. We'll look at the budget and make sure we like what is happening, if there's something like that happening we can downvote the items in question out of the system. This is really only a concern while we spin up the system anyway. Later on, say the average budget proposal has 30% yes votes, that means you'll need that amount to make it in.

I'll add a minimum lifespan of a proposal before adding it into the budget though, that's a great idea. So the day of finalization we'll have the whole day to review things before they can make it into the final budget.

What does that world salad mean, and how does it prevent otoh from having veto power?  It sounds like you're talking about more centralized decision making to override the community if it votes for the "wrong" things.

I wish vertoe was here to see this mess...

[JGCMiner]

Minimum requirement to get into a budget if there is literally nothing else in there to stop you is 5% of the network in votes, so currently that's 145 votes. But say, you get 100 "no" votes, that means you will need 245 yes votes to have 5%.

Oh wow, Evan, that's pretty dangerous IMO.  otoh could overwhelmingly vote anything to himself (not that he would, but he could) with 20% of the masternodes, and if the other masternode owners aren't on top of things, this could slip by!  Is there a minimum amount of time that must elapse before the first payment can happen (like a month?) so there is time to get people to down vote if it's a bad idea?

At the end of each cycle, there is a finalization that happens. We'll look at the budget and make sure we like what is happening, if there's something like that happening we can downvote the items in question out of the system. This is really only a concern while we spin up the system anyway. Later on, say the average budget proposal has 30% yes votes, that means you'll need that amount to make it in.

I'll add a minimum lifespan of a proposal before adding it into the budget though, that's a great idea. So the day of finalization we'll have the whole day to review things before they can make it into the final budget.

So the "no"s are downvotes.  Good to know.

That way if a person with 5% of the Masternodes votes yes to fund a bogus project then 5% of "no" votes from other Masternodes could cancel this out by sending that owner's proposal back to zero.  

Edit:
Evan, thinking about this a little more... the "finalization" period you speak of should only allow downvoting. Otherwise, a clever Masternode owner that has say 6% of the network might submit an harmless looking proposal that flies under the radar generating little support (for or against). Then, if yes voting is allowed during the "finalization" phase, that owner could execute a script to have the 6% of the network he controls vote "yes" say 1 minute before the deadline -- thus awarding himself coins for nothing.

To prevent this we could have a 25 day period where proposals are submitted and voted on (for or against) and then have a 5 day review period where only against votes are allowed. After the review period qualifying proposals are paid. I think this will lower the chance of scammy proposals getting through.

Thoughts?

[dazbarlby]

[alex-ru]

Great!

I expect that with right approach Possibility to earn money with "Dash Funding System" can attract more attention and newcomers, than PoW coins have attracted with mining.

Hope we will see DASH PROMO PULLs soon - global teams who will promote Dash all around the world.

[anonymousxx1503]

It's just not worth it.  

You don't care about Masternode blinding?  It was kind of a big deal, back in the day (before Duffield consigned Darkcoin to the memory hole).

Calm down Eduardo, you're acting like a little bitch again.

[MadGamer]

Is Darkcoin same as DASH Coin , rright  ?
I've seen some people saying that Darkcoin/DASH is a scam coin and it's dead , how come this thread is still UP ? :/

[sangoku]

Is Darkcoin same as DASH Coin , rright  ?
I've seen some people saying that Darkcoin/DASH is a scam coin and it's dead , how come this thread is still UP ? :/

Ah ah ah ah, Dash is the fourth cryptocurrency in the market cap ;-)

https://coinmarketcap.com/all

[MadGamer]

Is Darkcoin same as DASH Coin , rright  ?
I've seen some people saying that Darkcoin/DASH is a scam coin and it's dead , how come this thread is still UP ? :/

Ah ah ah ah, Dash is the fourth cryptocurrency in the market cap ;-)

https://coinmarketcap.com/all

Even better then Dogecoin , interessting . So it is safe to use ?
and could I mine it with my PC since it's a new coin or it's difficult and I'am too late for that

[sangoku]

Dash is not dashcoin !!!!
Can you see the difference ? http://dashcoin.net/

https://coinmarketcap.com/currencies/dashcoin/
Dashcoin is 228 in the market cap...


Darkcoin rebranding to Dash
Only four letters D A S H

https://www.dashpay.io/news/rebranding-to-dash/

Darkcoin is changing its name/branding to Dash – Digital Cash. The new name will start being used officially and in external services from March 25th onwards.

[TheDasher]

How long does it take to mix and send 3000 dash?

[valentino008]

Great!

I expect that with right approach Possibility to earn money with "Dash Funding System" can attract more attention and newcomers, than PoW coins have attracted with mining.

Hope we will see DASH PROMO PULLs soon - global teams who will promote Dash all around the world.

Promoting Dash now for"normal consumers"is a complete waste of time and money,it's not the right time yet to go out and think that normal consumers will buy it,there is no place to buy something with Dash,there is just no market yet,merchant adoption is the first step that should be done,then you have a market where people can buy stuff with Dash.
In general it's very hard and stupid to throw any money in marketing right know for the people outside the Crypto market and expect that the normal people will buy any cryptocoin.
I think it's better to spend the funds to actively contact/vistit big company's like overstock,Tiger Direct,Bitcoin ATM makers to explain what Dash is and how easily they can accept/implement it because it's based on Bitcoin.Also they can setup masternode's with the coins they get from the people that buy stuff,they can earn intrest on what they earn with sale's,now they have to convert the Bitcoins to $,for Dash it means price rise and a bigger budget for development,it's 1 very big plus Dash has!Also mobile wallets needs to be inplace before you go out and spread the worth"buy Dash now".The technical side of Dash keeps on improving and in my eye's almost no other Cryptocoin can compete on that level and i thank Evan and his team for that,you are incredible!

Get company's accept Dash as payment first and give them the right tools to do so,also the consumer needs tools(mobile app)before you do any serious marketing for the everyday user of money.

[sangoku]

How long does it take to mix and send 3000 dash?

It's very fast.
Do you know that the cryptocurrencies POS are bullshit ?

[kointrend]

It's just not worth it.  

You don't care about Masternode blinding?  It was kind of a big deal, back in the day (before Duffield consigned Darkcoin to the memory hole).

Calm down Eduardo, you're acting like a little bitch again.

You know, every so often he and his "friends" need attention.

[RBCastro]

How do I start mining DASH?

[valentino008]

How do I start mining DASH?

Here you find some info: https://dashtalk.org/forums/mining-guides.69/ 

[alex-ru]

Great!

I expect that with right approach Possibility to earn money with "Dash Funding System" can attract more attention and newcomers, than PoW coins have attracted with mining.

Hope we will see DASH PROMO PULLs soon - global teams who will promote Dash all around the world.

Promoting Dash now for"normal consumers"is a complete waste of time and money,it's not the right time yet to go out and think that normal consumers will buy it,there is no place to buy something with Dash,there is just no market yet,merchant adoption is the first step that should be done,then you have a market where people can buy stuff with Dash.
In general it's very hard and stupid to throw any money in marketing right know for the people outside the Crypto market and expect that the normal people will buy any cryptocoin.
I think it's better to spend the funds to actively contact/vistit big company's like overstock,Tiger Direct,Bitcoin ATM makers to explain what Dash is and how easily they can accept/implement it because it's based on Bitcoin.Also they can setup masternode's with the coins they get from the people that buy stuff,they can earn intrest on what they earn with sale's,now they have to convert the Bitcoins to $,for Dash it means price rise and a bigger budget for development,it's 1 very big plus Dash has!Also mobile wallets needs to be inplace before you go out and spread the worth"buy Dash now".The technical side of Dash keeps on improving and in my eye's almost no other Cryptocoin can compete on that level and i thank Evan and his team for that,you are incredible!

Get company's accept Dash as payment first and give them the right tools to do so,also the consumer needs tools(mobile app)before you do any serious marketing for the everyday user of money.

Dash Budgeting System is not only (and on first stage not the main part) about "advertising". Hope MN OPs are wise enough to vote for most effective spendings (according to general strategy that Evan has announced).

And it is also a good way to attract new people into Dash. Not declaring "Everybody - buy some DASH!" but "Everybody who can develop and promote - get some DASH!"
Same as PoW coins attract it's first users with possibility to mine some "free coins".