What a huge disappointment. Everything HR had planned was a waste of time due to the hire freeze resulting from the price collapse.
Weren't Masternodes supposed to tamp down volatility and support the fiat vs Dash ratio? But Dash has for all of 2018 underperformed the rest of the crypto sector as indicated by the Bitcoin benchmark.
And weren't Masternodes also supposed to prevent Sybil attack? But now it's obvious that Dash adversaries control a non-trivial quorum of Masternodes, and the high CONOP prevents diluting adversarial MNOs in a sea of non-adversarial economic nodes.
WFT is "culture mapping" still doing on the HR agenda? Is Dash Clown Group Inc really so clueless as to not understand that's the epitome of Dilbertization and Boomer Management Wankery?
So much for the grand title of "Evolution" signifying anything of actual significance. Evolution has been defined downward into meaningless incremental techno-dribble rather than actually making crypto Grandma-friendly.
Just shipping some random update by 2019 and calling it "Evolution" isn't what we were promised and is not good enough. Evolution was supposed to be a game-changer, not a yawn-inducing Nothingburger.
DCG spent years trying to square Zooko's Triangle and is admitting failure by kicking the username-contact list feature down the road to Evolution 1.1+. Heads have to roll for this betrayal of Dash investors' confidence and dashing of the cargo cult cheerleaders' hopes.
BizDev and Marketing's results are less than zero ROI. Why is good money being thrown after bad instead of supporting the starving Venezuelan/African/D-A-CH ecosystems?
Speaking of D-A-CH, why is former (and future?) DACH Embassy employee Macrochip AKA Basilpop still allowed to be rude and toxic to anyone who brings up these topics on the forums CuckOfSatoshi is supposedly moderating? After all, he was brought in precisely because of M4cr0ch1p/Macrochip/Basilpop's regrettable legacy of driving off 1000s of potential new users with his unregulated aggression while proudly wearing a paid moderator hat.
How many times can Clown Group Inc say "we applied for a bank account" and claim that's a tangible accomplishment? That's like 6 updates with zero progress. DCG is pissing on MNO's faces and calling it rain.
Where are the long overdue dash.org refresh and DashRoadmap.com launch? The Dash roadmap is an urban legend and a running joke at this point. No wonder everyone else in the crypto space considers Dash a laughingstock at best and Instamined HYIP scamcoin at worst.
Marketing is not a "core" function of Dash anymore than it is of Bitcoin Core. That's why we don't see GMAX doing Bitcoin commercials (even though that would be great LOL).
BizDev is not a "core" function either. The only thing Dash Core should be doing is developing the Dash protocol and essential software. Everything else is extraneous and is fat that must be cut.
Hiring a Portfolio Manager proves DCG is way too top heavy. Bitcoin Core somehow manages to outpeform Dash without these centralized, useless, resource-gobbling Ratbert and Catbert middle manager bureaucrats, as do Ethereum Classic and Monero (which both enjoy higher market caps).
The amount of self-congratulation in this Summary Call is nauseating. All these overpaid schmucks pretending they are doing a good job despite overwhelming contrary evidence speaks to the Scientology-like cargo cult mentality infecting the Dash Clown Group.
But this 3-ring circus will continue until the MNOs see fit to enforce consequences for poor performance and failure. Dash hash rate is falling while Bitcoin's is growing to record highs, indicating a persistent and malignant failure mode has set in.
KuvaCash is Officially REKT.
D-A-CH Embassy is Officially REKT (deservedly so after lying about Basilpop being part of their team)
Alt36 is Officially REKT.
FanDual is Officially REKT.
Dash Conference Officially REKT.
All these blue-sky hopium BS projects amounted to nothing, just as I told all you DashHoles.
And now Dash Clown Group Inc is Officially REKT:
Dash monthly USD request now exceeds 100% of available monthly dash
DCG requested $935k in USD funding for this month ($600k+$210k+$125k). Looking at dash price right now (~$150) means that had dash price been $150 when they submitted the proposals, they would have needed ~6,233 dash (101%) to fund those proposals in their entirety.
DCG has already said (noted in their current tax proposal) that if they come up short on tax funds, they will pull funds from legal, yet didnt include that caviet in the legal proposal for some reason. So if you are a MNO voting yes for legal and no for tax, you might want to read the fine print as that $125k for legal will just be used for taxes.
Also, at current dash price, DCG is not going to be able to meet full compensation funding for current round of funding. Where are they going to pull those funds from? How are they going to make up any liabilities that are created from borrowing funds from different areas? Can they pull funds from other areas without a MN vote? Is DCG going to continue to try to request $600k per month to create a compensation buffer?
The handling of the price decline has been handled extremely poorly. Who should bare responsibility? It does not look like anyone. That does not instill confidence in investors.
Also, what happens next month if dash is still at or below $150? Lets look at the numbers and what we know about DCG run rate and tax liabilities. DCG compensation for $455k is 3033 dash at $150. Tax liability of $90k is another 600 dash at $150. This means that the absolute minimum request from DCG for next month budget with dash at $150 will be 3633 dash, or 60% of budget with no buffer. If dash is at $100, DCG will need 5,450 dash or (89%).
Will Ryan directly addresses this? Probably not. He should have already come out and said that effective immediately he would be not taking salary until dash price recovers and/or expenses are under control with a solid forward looking operational plan.
Clap louder all you want for 'ZOMG ATH!!1!' Masternode counts if it makes you feel better to ignore the ugly reality of Dash falling farther and farther behind its peers in the crypto sector.
I'll be shorting this crippled dog of a project and waiting for the market (or SEC) to put it out of its misery. I'm happy Otoh and Evan are temporarily pumping the price to avoid embarrassment during this call and look forward to curbstomping this shitcoin back down to #15 and then lower, at great profit.
Only doing a couple of Q&A's out of dozens that were posted well in advance because of "mah time constraints"? LOL you fucking cowards.
Dash
