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

[Kienbui]

I still strongly believe that Dash is most promising project of cryptocurrecies.

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[TanteStefana2]

I think DASH needs to find a way to pay developers that isn't completely donation funded because as it is, the Dash/Darkcoin Foundation coffers are very small.

[Sub-Ether]

Found this interview of Peter Todd in r/bitcoin
https://medium.com/zapchain-magazine/why-one-bitcoin-developer-thinks-cryptocurrencies-have-a-dreadful-future-93007cff1613
He brings up several weaknesses with Bitcoin. While you read this, you will savor the manner in which DASH is addressing them.

New on Dash Blogs:

Why Dash has a bright future:

https://www.rebelmouse.com/dashisdigitalcash/why-dash-has-a-bright-future-1093085278.html

Cheers,

Tao

Vote this the best article of the week, Peter Todd knows what he speaks about.
This has to be brought to real world users outside of bitcointalk as fast as possible before centralized payment scams schemes like ripple take a majority piece of the crypto pie and become entrenched.
(Btw, I had a small victory this week by getting a shop owner to take some Dash onto his laptop from my phone and pay for it-lol, hes probably the first shop owner in my city to have it(android wallet was a handy essential). Can tell hes into the markets a little and wants to play on the coin exchanges, so all of toknormal's and coins101 tips are going to be passed onto him drip by drip in due course as he gets his head round the idea but its early days yet, be great to see a 'we accept dash' sticker in his window)

Dash, with the aforementioned InstantX, has overcome the problem of slow transaction times, and is a worthy network to use in any retail environment. Fast, secure transactions... Why use anything else? Dash has it all. Dash 8, Bitcoin 1.

[RenegadeMan]

I think I rambled on way too much, my question/points were:

DASH needs development and needs to grow, because it's the best solution out there IMO and in other's opinion, and we want to see it take over the world.

To succeed, DASH needs to grow.  It needs a super easy interface for the masses, one that makes it super easy to keep your funds safe.  It needs mature services.  loans? how does that work in a decentralized, deflationary economy?  Stock market, other infrastructure.  Unlike Banks, DASH and the masternode system lend themselves to many other solutions such as a decentralized exchange, a decentralized market place, a decentralized private internet.  The sky is the limit, and it's natural for DASH to expand in these ways.

But who will pay for all this work?  The potential is there, but funds are not.  Are there decentralized ways to fund a decentralized autonomous corporation, perhaps using this new voting system for decision making?  That could earn money to pay for future development?  Does anyone see a way that this could work.  It's not easy!  If this entity, like Andreas Antonopoulos explains, can own it's own funds, and spend them when needed, this is very intriguing.  How would projects get the green light?  How would this entity be funded? 

Do you think, as I do, that something like this must happen for DASH to survive into the distant future?

Tante you haven't rambled at all. You've put up an incredibly important set of questions and points about the future of Dash (and frankly all open source based 'community' style projects). There can't be too much emphasis placed on how important the points you've raised are.

I'm in the middle of something so can't give it my attention right now, but hope to respond in teh next day or two (and I'm sure Toknormal, Bridgewater and others will be busily thinking about what you've written too).

[TanteStefana2]

I think I rambled on way too much, my question/points were:

DASH needs development and needs to grow, because it's the best solution out there IMO and in other's opinion, and we want to see it take over the world.

To succeed, DASH needs to grow.  It needs a super easy interface for the masses, one that makes it super easy to keep your funds safe.  It needs mature services.  loans? how does that work in a decentralized, deflationary economy?  Stock market, other infrastructure.  Unlike Banks, DASH and the masternode system lend themselves to many other solutions such as a decentralized exchange, a decentralized market place, a decentralized private internet.  The sky is the limit, and it's natural for DASH to expand in these ways.

But who will pay for all this work?  The potential is there, but funds are not.  Are there decentralized ways to fund a decentralized autonomous corporation, perhaps using this new voting system for decision making?  That could earn money to pay for future development?  Does anyone see a way that this could work.  It's not easy!  If this entity, like Andreas Antonopoulos explains, can own it's own funds, and spend them when needed, this is very intriguing.  How would projects get the green light?  How would this entity be funded? 

Do you think, as I do, that something like this must happen for DASH to survive into the distant future?

Tante you haven't rambled at all. You've put up an incredibly important set of questions and points about the future of Dash (and frankly all open source based 'community' style projects). There can't be too much emphasis placed on how important the points you've raised are.

I'm in the middle of something so can't give it my attention right now, but hope to respond in teh next day or two (and I'm sure Toknormal, Bridgewater and others will be busily thinking about what you've written too).

Awesome, I look forward to it!  I'm always here when it's so quiet, LOL

[wozzek23]

I think I rambled on way too much, my question/points were:

DASH needs development and needs to grow, because it's the best solution out there IMO and in other's opinion, and we want to see it take over the world.

To succeed, DASH needs to grow.  It needs a super easy interface for the masses, one that makes it super easy to keep your funds safe.  It needs mature services.  loans? how does that work in a decentralized, deflationary economy?  Stock market, other infrastructure.  Unlike Banks, DASH and the masternode system lend themselves to many other solutions such as a decentralized exchange, a decentralized market place, a decentralized private internet.  The sky is the limit, and it's natural for DASH to expand in these ways.

But who will pay for all this work?  The potential is there, but funds are not.  Are there decentralized ways to fund a decentralized autonomous corporation, perhaps using this new voting system for decision making?  That could earn money to pay for future development?  Does anyone see a way that this could work.  It's not easy!  If this entity, like Andreas Antonopoulos explains, can own it's own funds, and spend them when needed, this is very intriguing.  How would projects get the green light?  How would this entity be funded?  

Do you think, as I do, that something like this must happen for DASH to survive into the distant future?

Tante you haven't rambled at all. You've put up an incredibly important set of questions and points about the future of Dash (and frankly all open source based 'community' style projects). There can't be too much emphasis placed on how important the points you've raised are.

I'm in the middle of something so can't give it my attention right now, but hope to respond in teh next day or two (and I'm sure Toknormal, Bridgewater and others will be busily thinking about what you've written too).

Re: Tante and Renegade exchange, not sure if anyone had posted this food for thoughts on the topic:

http://startupmanagement.org/2014/11/17/the-race-to-decentralize-everything-and-give-power-to-the-edge-of-the-networks/
and a nicer layout
http://www.coindesk.com/succeed-as-decentralized-autonomous-organization/

[coins101]

I think I rambled on way too much, my question/points were:

DASH needs development and needs to grow, because it's the best solution out there IMO and in other's opinion, and we want to see it take over the world.

To succeed, DASH needs to grow.  It needs a super easy interface for the masses, one that makes it super easy to keep your funds safe.  It needs mature services.  loans? how does that work in a decentralized, deflationary economy?  Stock market, other infrastructure.  Unlike Banks, DASH and the masternode system lend themselves to many other solutions such as a decentralized exchange, a decentralized market place, a decentralized private internet.  The sky is the limit, and it's natural for DASH to expand in these ways.

But who will pay for all this work?  The potential is there, but funds are not.  Are there decentralized ways to fund a decentralized autonomous corporation, perhaps using this new voting system for decision making?  That could earn money to pay for future development?  Does anyone see a way that this could work.  It's not easy!  If this entity, like Andreas Antonopoulos explains, can own it's own funds, and spend them when needed, this is very intriguing.  How would projects get the green light?  How would this entity be funded? 

Do you think, as I do, that something like this must happen for DASH to survive into the distant future?

Tante you haven't rambled at all. You've put up an incredibly important set of questions and points about the future of Dash (and frankly all open source based 'community' style projects). There can't be too much emphasis placed on how important the points you've raised are.

I'm in the middle of something so can't give it my attention right now, but hope to respond in teh next day or two (and I'm sure Toknormal, Bridgewater and others will be busily thinking about what you've written too).

Awesome, I look forward to it!  I'm always here when it's so quiet, LOL

Finally. People are starting to get it. Great stuff.

Here are the threats I posted last April:

Threats

* Darkcoin technology is or will be open source. Clones can therefore spend more of their time focusing on marketing and eating into Darkcoin market share.
* Excessively used by bad actors for illegal purposes may create negative brand association over the medium term which may put off consumer focused merchants
* Launch of new anonymity protocols which offer better anonymity features
* Development team remains small and unable to scale the project
* Early success causing distractions and loss of focus for core team from technical and project development
* Development of Bitcoin sidechains which, when eventually made available, could link anonymity features to bitcoin transactions

https://bitcointalk.org/index.php?topic=579976.0

Lets set-up a group of 5 and call ourselves team mass adoption 

[TanteStefana2]

Thanks wozzek23, i've opened those up to read tomorrow, I'm going to have to try to sleep here soon.  But they look very interesting.

Coins101, so do you see any way to fund development?  It would be great if donations could fund this, but I just don't see it happening.  Already, big holders have donated TONS of money to this, but most people haven't.  I've only put up sprinklings here n there.  Do you think masternode owners would donate a percentage?  I'd suspect most wouldn't.  I'm only donating 10%, and my masternodes have been down because i've been experimenting with YaCy, the decentralized search engine.  Unfortunately, it's too much for my server (and kept crashing my server) and I kept losing my masternode, LOL.  I just gave up and uninstalled it.  However, I plan on starting a YaCy server at home.  It's a great idea, and I can put in my favorite websites to index which hopefully will widen the appeal (since I suspect most people running a server are indexing technical/libritarian/crypto or other such sites, and I have some girly interests   ... and my chickens, LOL.

Maybe this is what I'll have my rpi do!

Welp, gotta get to bed.  So coins, while I sleep, give us a plan to fund the development!!!

[coins101]

Thanks wozzek23, i've opened those up to read tomorrow, I'm going to have to try to sleep here soon.  But they look very interesting.

Coins101, so do you see any way to fund development?  It would be great if donations could fund this, but I just don't see it happening.  Already, big holders have donated TONS of money to this, but most people haven't.  I've only put up sprinklings here n there.  Do you think masternode owners would donate a percentage?  I'd suspect most wouldn't.  I'm only donating 10%, and my masternodes have been down because i've been experimenting with YaCy, the decentralized search engine.  Unfortunately, it's too much for my server (and kept crashing my server) and I kept losing my masternode, LOL.  I just gave up and uninstalled it.  However, I plan on starting a YaCy server at home.  It's a great idea, and I can put in my favorite websites to index which hopefully will widen the appeal (since I suspect most people running a server are indexing technical/libritarian/crypto or other such sites, and I have some girly interests   ... and my chickens, LOL.

Maybe this is what I'll have my rpi do!

Welp, gotta get to bed.  So coins, while I sleep, give us a plan to fund the development!!!

I know I engage in acts of extreme buffoonery, but that's mainly because I spent 2 sold months thinking about how to move the project into the mainstream and I'm left with time on my hands until everyone was ready to move on to the next stage.

I think I have a plan, but it takes discussion to bring it down to earth, flesh out the practicalities which then need rethink on the approach, and then it needs buy-in from the Foundation. Ugh.

[coins101]

Actually, my SWOT analysis of April / May 2014 still stands up reasonably well:

SWOT Analysis

Darkcoin and eCash payment networks have appealing properties compared to other payment tools, but there are also risks and threats.

Strengths

* Decentralised payment protocol
* Anonymity built into the wallet
* Full time developer and dedicated development team
* Use of established, tested and trusted processes
* Anonymity nodes require minimum wallet funds to join the network. Creating a cost barrier to attackers. Nodes can be financially penalised for misbehaving.
* Existing alt-coins attempting to integrate darkcoin's mixing anonymity system risk destabilizing their network. This creates a barrier to entry for established currencies and puts them at a competitive disadvantage
* Merchants focusing on Bitcoin

Weaknesses

* Small development team compared to Bitcoin and Litecoin
* Darkcoin long-term identity still being developed
* Branding may create unintended association with illegal use
* Hangover problems from launch in January 2014 with excessive coins minted remains a barrier for some
* Untested regulatory framework
* Development for the small start-up team is sequential and has yet to create a strategy for faster growth and parallel work streams for marketing, payment processor engagement, third party app development. The main focus is technical development.
* Leadership and team structure is still to be established
* As with the majority of alt-coins, their long-term average value is pegged to Bitcoin.

Opportunities

* Mainstream adoption as eCash.
* Development of new innovations linked to anonymous transactions such as decentralised anonymous corporations, decentralised market places, use on smartphones as pocket eCash
* Creation of strong anonymity node network which is paid to participate leading to financial incentives for new participants to create nodes for financial gain.
* USA regulators have indicated that anonymity is not a barrier to eCash. Identity checking at fiat entry and exist points is more important to regulators.
* As anonymous eCash, Darkcoin has the ability to free float its price and detach from Bitcoin if its anonymity feature is recognised by third parties and merchants as a valuable privacy tool beyond that of Bitcoin and Litecoin
* Adoption by larger exchanges will be determined by volume. The anonymity features of Darkcoin make high volume use more likely at an earlier stage than most other forms of crypto currency.
* Based on Bitcoin code, Darkcoin could beat very strong competition by being easier to integrate into existing systems that have already introduced Bitcoin or Litecoin

Threats

* Darkcoin technology is or will be open source. Clones can therefore spend more of their time focusing on marketing and eating into Darkcoin market share.
* Excessively used by bad actors for illegal purposes may create negative brand association over the medium term which may put off consumer focused merchants
* Launch of new anonymity protocols which offer better anonymity features
* Development team remains small and unable to scale the project
* Early success causing distractions and loss of focus for core team from technical and project development
* Development of Bitcoin sidechains which, when eventually made available, could link anonymity features to bitcoin transactions


https://bitcointalk.org/index.php?topic=579976.0

[TanteStefana2]

Thanks wozzek23, i've opened those up to read tomorrow, I'm going to have to try to sleep here soon.  But they look very interesting.

Coins101, so do you see any way to fund development?  It would be great if donations could fund this, but I just don't see it happening.  Already, big holders have donated TONS of money to this, but most people haven't.  I've only put up sprinklings here n there.  Do you think masternode owners would donate a percentage?  I'd suspect most wouldn't.  I'm only donating 10%, and my masternodes have been down because i've been experimenting with YaCy, the decentralized search engine.  Unfortunately, it's too much for my server (and kept crashing my server) and I kept losing my masternode, LOL.  I just gave up and uninstalled it.  However, I plan on starting a YaCy server at home.  It's a great idea, and I can put in my favorite websites to index which hopefully will widen the appeal (since I suspect most people running a server are indexing technical/libritarian/crypto or other such sites, and I have some girly interests  ... and my chickens, LOL.

Maybe this is what I'll have my rpi do!

Welp, gotta get to bed.  So coins, while I sleep, give us a plan to fund the development!!!

I know I engage in acts of extreme buffoonery, but that's mainly because I spent 2 sold months thinking about how to move the project into the mainstream and I'm left with time on my hands until everyone was ready to move on to the next stage.

I think I have a plan, but it takes discussion to bring it down to earth, flesh out the practicalities which then need rethink on the approach, and then it needs buy-in from the Foundation. Ugh.

Not in bed yet, if you don't want to air it out here, maybe you'd talk on the rolling thread  https://dashtalk.org/threads/the-rolling-thread.4536/page-5#post-51375

I think this is such an issue that it needs serious battling out.  Productive battling, but there has to be a better solution than a foundation.  Even a good foundation with good board members, because we have to look 20, 50, 100+ years into the future.  Who will be in charge in 5 years?  How much power do we want to give the foundation?  How do we know if the people developing or marketing or whatever they're doing for DASH are doing a good job and should be paid?  And where will the money come from anyway?  LOL.  Should there be a campaign to raise a certain number of masternodes which would then become an autonomous corporation that pays developers?  If we could get a hell of a lot of masternodes for it, it could work off of only it's earnings and if it works, the real value of the income should rise with the expanded adoption and therefore should fund development into the foreseeable future.

And if we figure out how to fund development, how the heck do project workers get paid?

[coins101]

Thanks wozzek23, i've opened those up to read tomorrow, I'm going to have to try to sleep here soon.  But they look very interesting.

Coins101, so do you see any way to fund development?  It would be great if donations could fund this, but I just don't see it happening.  Already, big holders have donated TONS of money to this, but most people haven't.  I've only put up sprinklings here n there.  Do you think masternode owners would donate a percentage?  I'd suspect most wouldn't.  I'm only donating 10%, and my masternodes have been down because i've been experimenting with YaCy, the decentralized search engine.  Unfortunately, it's too much for my server (and kept crashing my server) and I kept losing my masternode, LOL.  I just gave up and uninstalled it.  However, I plan on starting a YaCy server at home.  It's a great idea, and I can put in my favorite websites to index which hopefully will widen the appeal (since I suspect most people running a server are indexing technical/libritarian/crypto or other such sites, and I have some girly interests   ... and my chickens, LOL.

Maybe this is what I'll have my rpi do!

Welp, gotta get to bed.  So coins, while I sleep, give us a plan to fund the development!!!

I know I engage in acts of extreme buffoonery, but that's mainly because I spent 2 sold months thinking about how to move the project into the mainstream and I'm left with time on my hands until everyone was ready to move on to the next stage.

I think I have a plan, but it takes discussion to bring it down to earth, flesh out the practicalities which then need rethink on the approach, and then it needs buy-in from the Foundation. Ugh.

Not in bed yet, if you don't want to air it out here, maybe you'd talk on the rolling thread   https://dashtalk.org/threads/the-rolling-thread.4536/page-5#post-51375

I think this is such an issue that it needs serious battling out.  Productive battling, but there has to be a better solution than a foundation.  Even a good foundation with good board members, because we have to look 20, 50, 100+ years into the future.  Who will be in charge in 5 years?  How much power do we want to give the foundation?  How do we know if the people developing or marketing or whatever they're doing for DASH are doing a good job and should be paid?  And where will the money come from anyway?  LOL.  Should there be a campaign to raise a certain number of masternodes which would then become an autonomous corporation that pays developers?  If we could get a hell of a lot of masternodes for it, it could work off of only it's earnings and if it works, the real value of the income should rise with the expanded adoption and therefore should fund development into the foreseeable future.

And if we figure out how to fund development, how the heck do project workers get paid?

Its sorted, don't worry. Go to bed.

[coins101]

Found this interview of Peter Todd in r/bitcoin
https://medium.com/zapchain-magazine/why-one-bitcoin-developer-thinks-cryptocurrencies-have-a-dreadful-future-93007cff1613
He brings up several weaknesses with Bitcoin. While you read this, you will savor the manner in which DASH is addressing them.

New on Dash Blogs:

Why Dash has a bright future:

https://www.rebelmouse.com/dashisdigitalcash/why-dash-has-a-bright-future-1093085278.html

Cheers,

Tao

Vote this the best article of the week, Peter Todd knows what he speaks about.
This has to be brought to real world users outside of bitcointalk as fast as possible before centralized payment scams schemes like ripple take a majority piece of the crypto pie and become entrenched.
(Btw, I had a small victory this week by getting a shop owner to take some Dash onto his laptop from my phone and pay for it-lol, hes probably the first shop owner in my city to have it(android wallet was a handy essential). Can tell hes into the markets a little and wants to play on the coin exchanges, so all of toknormal's and coins101 tips are going to be passed onto him drip by drip in due course as he gets his head round the idea but its early days yet, be great to see a 'we accept dash' sticker in his window)

Dash, with the aforementioned InstantX, has overcome the problem of slow transaction times, and is a worthy network to use in any retail environment. Fast, secure transactions... Why use anything else? Dash has it all. Dash 8, Bitcoin 1.

Props!

[TanteStefana2]

Its sorted, don't worry. Go to bed.

But but but....

It's just you can see this is already an issue that's beginning to kill Bitcoin.  Will outside money ever be invested here?  I doubt it unless a big time philanthropist steps in.  If we can't find a way to fund development, we too will stagnate.  I don't want DASH to stagnate.  We have such an incredible head start, it's pretty obvious to me at least that we're the main hope to toppling Banking.  It must be done swiftly now, as they're now looking over their shoulders.  They know us better, the element of surprise is pretty much gone.  We must keep up the momentum to win the battle.  We need funding.  We need a business structure to function within. (I'm talking about development here)

We need we need we need, LOL

Ah, OK, I really should be in bed, good night ya'all!

[TanteStefana2]

Found this interview of Peter Todd in r/bitcoin
https://medium.com/zapchain-magazine/why-one-bitcoin-developer-thinks-cryptocurrencies-have-a-dreadful-future-93007cff1613
He brings up several weaknesses with Bitcoin. While you read this, you will savor the manner in which DASH is addressing them.

New on Dash Blogs:

Why Dash has a bright future:

https://www.rebelmouse.com/dashisdigitalcash/why-dash-has-a-bright-future-1093085278.html

Cheers,

Tao

Vote this the best article of the week, Peter Todd knows what he speaks about.
This has to be brought to real world users outside of bitcointalk as fast as possible before centralized payment scams schemes like ripple take a majority piece of the crypto pie and become entrenched.
(Btw, I had a small victory this week by getting a shop owner to take some Dash onto his laptop from my phone and pay for it-lol, hes probably the first shop owner in my city to have it(android wallet was a handy essential). Can tell hes into the markets a little and wants to play on the coin exchanges, so all of toknormal's and coins101 tips are going to be passed onto him drip by drip in due course as he gets his head round the idea but its early days yet, be great to see a 'we accept dash' sticker in his window)

Dash, with the aforementioned InstantX, has overcome the problem of slow transaction times, and is a worthy network to use in any retail environment. Fast, secure transactions... Why use anything else? Dash has it all. Dash 8, Bitcoin 1.

Props!

Kudos!  And yah, there is something to sell, We accept DASH stickers!  LOL  Fund the development on that

[Starin]

That is some serious dedication. Congratz man!

[coins101]

Its sorted, don't worry. Go to bed.

But but but....

It's just you can see this is already an issue that's beginning to kill Bitcoin.  Will outside money ever be invested here?  I doubt it unless a big time philanthropist steps in.  If we can't find a way to fund development, we too will stagnate.  I don't want DASH to stagnate.  We have such an incredible head start, it's pretty obvious to me at least that we're the main hope to toppling Banking.  It must be done swiftly now, as they're now looking over their shoulders.  They know us better, the element of surprise is pretty much gone.  We must keep up the momentum to win the battle.  We need funding.  We need a business structure to function within. (I'm talking about development here)

We need we need we need, LOL

Ah, OK, I really should be in bed, good night ya'all!

Need, well necessity, is the mother of invention.

Dream of picking the dream team for mass adoption. Well actually, dream up three teams to spread the risk and increase chances of innovative independent thinking.

[Sub-Ether]

Props!

OMG!  Bold faced quoted and doubles at that
Thanks for the support Coins101 and Tante.
I have tried 2 other shops and failed so far but I know this guy better and hes more open to new ideas,internet savvy and knows about advertising and design. Be great if they accepted Dash one day, I can be their first customer, lol.

[GhostPlayer]

 100 pages for a 5k thread.

 Epic 

[Sub-Ether]

 100 pages for a 5k thread.

 Epic 

Half way to real money, as in a 5 figure sum