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

[TanteStefana2]

Excellent article:

http://www.theatlantic.com/technology/archive/2016/04/cashless-society/477411/

I haven't read the article yet, but the start made me bust a gut! 

"In 2014, Cass Sunstein—one-time “regulatory czar” for the Obama administration—wrote an op-ed advocating for a cashless society, on the grounds that it would reduce street crime. His reasoning? A new study had found an apparent causal relationship between the implementation of the Electronic Benefit Transfer system for welfare benefits, and a drop in crime."

 

I'd hope the rest of the article says what I'm thinking, LOL

[TanteStefana2]

You're on the right track! Imagine instead of just proposals and contracts, we also have category, group, user, company, project, project-report and project-milestone. Then the governance system (what was previously the budget system) will explicitly have a system for tracking what's happening in our economy that we're funding. Imagine the system knows when reports are due, if companies are behind on their milestones...etc. It's the autonomous part of our decentralized autonomous organization. Next we fund other DAOs into existence. I think we'll be able to manage thousands.

This whole structure I'm building is done using a self-referencing tree, so we'll have companies, that can own companies, that have people working for them. These are also the same users for evo, parts of this tree can be flagged to be stored in DashDrive instead of our governance mempool.

This is a huge upgrade by the way. If I'm going to touch the budget system, I'm going to make it as perfect as possible before we continue on. This is a vastly important part of our system.

Damn that's sick.  Just when I thought it wasn't possible to do more.......... Evan, you and your team are seriously beyond brilliant!  You will indeed change the world, and I have no doubt that it will be for the better

[qwizzie]

You're on the right track! Imagine instead of just proposals and contracts, we also have category, group, user, company, project, project-report and project-milestone. Then the governance system (what was previously the budget system) will explicitly have a system for tracking what's happening in our economy that we're funding. Imagine the system knows when reports are due, if companies are behind on their milestones...etc. It's the autonomous part of our decentralized autonomous organization. Next we fund other DAOs into existence. I think we'll be able to manage thousands.

This whole structure I'm building is done using a self-referencing tree, so we'll have companies, that can own companies, that have people working for them. These are also the same users for evo, parts of this tree can be flagged to be stored in DashDrive instead of our governance mempool.

This is a huge upgrade by the way. If I'm going to touch the budget system, I'm going to make it as perfect as possible before we continue on. This is a vastly important part of our system.

Damn that's sick.  Just when I thought it wasn't possible to do more.......... Evan, you and your team are seriously beyond brilliant!  You will indeed change the world, and I have no doubt that it will be for the better

Its interesting to see how this all has grown. From Evan just staying a year or two at Dash and then perhaps moving on to other projects of interest, towards what seems to be much more longterm commitment by setting up DAO structures for Dash, further developing the Governance System and perhaps in the future participathing in projects within the Dash ecosystem .. after all there is a lot of opportunities and potential awaiting there.

So luckily for us i dont think Evan is bored with Dash yet  


  

[TanteStefana2]

Er... what flaws are they talking about Tao?  Instamine? 

[eduffield]

U.S. Senate Bill Seeks to Ban Effective Encryption, Making Security Illegal

https://rietta.com/blog/2016/04/08/feinstein-burr-encryption-bill/

[TaoOfSaatoshi]

U.S. Senate Bill Seeks to Ban Effective Encryption, Making Security Illegal

https://rietta.com/blog/2016/04/08/feinstein-burr-encryption-bill/

Hey, who told you you could surf the web? Get back to coding! 

[qwizzie]

U.S. Senate Bill Seeks to Ban Effective Encryption, Making Security Illegal

https://rietta.com/blog/2016/04/08/feinstein-burr-encryption-bill/

there are times when i'm really thankfull i'm not an U.S. citizen, although us Europeans do have our own problems

[Timeless170]

U.S. Senate Bill Seeks to Ban Effective Encryption, Making Security Illegal

https://rietta.com/blog/2016/04/08/feinstein-burr-encryption-bill/

wow i guess americans will soon have a real reason to move to canada 

[TaoOfSaatoshi]

U.S. Senate Bill Seeks to Ban Effective Encryption, Making Security Illegal

https://rietta.com/blog/2016/04/08/feinstein-burr-encryption-bill/

wow i guess americans will soon have a real reason to move to canada  

Crypto is about to become a lot more interesting...and we have lots of room up here for you if it comes to that!

[toknormal]

Anonymity in Plain Sight

Sugar
Coal
Grain
Gold
Copper
Glass
Something Old

Coins
Votes
Porridge
Oats
Is Valued
Fare
So don't be
Square

[TaoOfSaatoshi]

[Lebubar]

Anonymity in Plain Sight

Sugar
Coal
Grain
Gold
Copper
Glass
Something Old

Coins
Votes
Porridge
Oats
Is Valued
Fare
So don't be
Square

Is this a game or something? (edit : or a poem? )

[Timeless170]

Anonymity in Plain Sight

Sugar
Coal
Grain
Gold
Copper
Glass
Something Old

Coins
Votes
Porridge
Oats
Is Valued
Fare
So don't be
Square

Is this a game or something? (edit : or a poem? )

it's his pass phrase to his wallet

[toknormal]

Great vision Evan

No it isn't.

[Nordicbeast]

Anything interesting going on with Dash these days?

[toknormal]

oh?

Well read this:

the governance system (what was previously the budget system) will explicitly have a system for tracking what's happening in our economy

Dash is money, not a venture capital investor. Venture capital companies have governance systems for "tracking what's happening in our economy" but money sure as hell does not since the whole point of "sound money" is that once you have it you are at liberty to do whatever you want with it.

These two objectives just have wildly conflicting priorities.

Dash's priorities IMO should be aligned with those of a monetary medium. i.e.

[1] - continue to consolidate the technology behind improving fungibility and security

[2] - implement a commercial API to make it universally mobile and accessible

Those two priorities are consistent with those of monetary media. Dash is on solid ground.

The governance system is there to support development of the monetary token - not the other way around IM(H)O.

[toknormal]

P.S. Here's a good example of what I'm talking about.

A couple of months ago, two guys from Venezuela put forward a proposal for Dash blockchain funding that was more visionary than any cryptocurrency - never mind Dash. It took Dash to the next level in the same way that an aeroplane could do for aluminium seats (and without the need for any protocol revisions contrary to the 'scare stories' of the day).

It was the only proposal in existence that has ever made a realistic, industrial scale use-case for Dash.

That proposal got made in the spirit of liberty on 2 counts:

[1] - the total blank sheet they had for rethinking the money system and the structure of micro-economies

[2] - the opportunity to appeal for funding on their own terms, not those of some red tape 7-level hierarchy

(It didn't get accepted -another story - but lets just pretend that it did).

IMO, we must keep 2 important principles protected:

[1] - that Dash is a monetary project, not a database one (thats my department and I've got 30 years experience in it and I know another database project when I see one    )

[2] - that the governance system is SINGLE TIER, not a bank manager. For example, if something is complex then it just gets done in multiple proposals, each one evaluated on its own merit

That way, Dash remains a currency not an investment platform and plays to its strengths - not Ethereum's strengths or Rootstock's strengths or Bitshare's strengths.

IMHO of course. But...jeez. This was an no brainer. Can people not see it ?

[iCEBREAKER]

oh?

Well read this:

the governance system (what was previously the budget system) will explicitly have a system for tracking what's happening in our economy

Dash is money, not a venture capital investor. Venture capital companies have governance systems for "tracking what's happening in our economy" but money sure as hell does not since the whole point of "sound money" is that once you have it you are at liberty to do whatever you want with it.

These two objectives just have wildly conflicting priorities.

Dash's priorities IMO should be aligned with those of a monetary medium. i.e.

[1] - continue to consolidate the technology behind improving fungibility and security

[2] - implement a commercial API

Those two priorities are consistent with those of monetary media. Dash is on solid ground.

The governance system is there to support development of the monetary token - not the other way around IM(H)O.

Thanks for your unsolicited opinion and advice, but you of all people should by now know Dash is only what Evan does.  No more, no less.  If you don't like that dictatorship and Bus Factor of 1, you know how to find the exit.   

Don't worry, the "zomg Dash is the next KickStarter" nonsense won't be followed up on with any serious effort.  It's obviously just a one-off attempt to hype and pump (just like Evan's "we will implement ring signatures" fake promise).

[eduffield]

oh?

Well read this:

the governance system (what was previously the budget system) will explicitly have a system for tracking what's happening in our economy

Dash is money, not a venture capital investor. Venture capital companies have governance systems for "tracking what's happening in our economy" but money sure as hell does not since the whole point of "sound money" is that once you have it you are at liberty to do whatever you want with it.

These two objectives just have wildly conflicting priorities.

Dash's priorities IMO should be aligned with those of a monetary medium. i.e.

[1] - continue to consolidate the technology behind improving fungibility and security

[2] - implement a commercial API

Those two priorities are consistent with those of monetary media. Dash is on solid ground.

The governance system is there to support development of the monetary token - not the other way around IM(H)O.

I've been meaning to bring this up, so thanks! I think we're on the same page and we need to focus on fixing problem areas in the economy. As a cryptographic currency, we have various needs to ensure success:

- Fiat on-ramps in every country, capable of integrating directly with all major banks
- Core software maintenance / upgrades
- Wallet software on the 1st tier (Existing Android and Apple Wallets)
- Wallet software on the 3rd tier (Evo)
- Legal work / Legal research
- Funding for foundations, which will interact with governments / users / companies
- Advertising / Public Awareness
- Building educational websites / wikis / documentation
- Building new hardware
- Maintaining core infrastructure
- Hiring core engineers for ongoing maintenance of the network

The question is who's going to do this work? Are they going to get paid? If they get paid to do this work from the blockchain, then we should be tracking their milestones and releasing money for the work that's being done.

Bitcoin was the first, so others just popped up to help them build all of this. It just happened. However, it's not happening automatically in our economy, so some of us are working on fixing these one by one. After all of these are fixed and only at that point can you call Dash money. Currently it's an investment in a product that we're trying to turn into money.

I think we can do this, but how?

We have to fund these things. We will create the snowball, then get the machine working piece by piece. But that's going to take some  different ways of thinking about these issues. I think the solution is a decentralized incubator and we will agree as a network what our current prime objectives are. One by one we will fix the issues. As soon as you know it, we'll be money.

So what should we fund and what shouldn't we? I think we should fund things directly benefiting our value as a medium of exchange and nothing else. So if you're going to build a product for our network that solves a pressing problem we're having, then you'll likely get funded. If you're a company, looking to make the next fitness gadget... you can look elsewhere

[eduffield]

[2] - that the governance system is SINGLE TIER, not a bank manager. For example, if something is complex then it just gets done in multiple proposals, each one evaluated on its own merit

Let's get crazy and say Dash blows up to a 500 million dollars. Now the budget is 9M per year. If average employees cost $55k a year, we could actual employ 163 people. Let's say the average working group is 7. That means we have 23 fully operational "companies" developing different things in our economy. We know if we're successful we're going to be in this situation, therefore it's really important to figure out how we manage this now.

How do you search something like this? I want to know:

- How many users there are, how many proposals each owns.
- What the average project is costing the network
- Which projects are behind
- How to reach project owners
- How to allow users to amend proposals / contracts and other objects securely

I also want to be able to do all of this in a decentralized way, without having to rely on outside centralized software. The question is how you keep track of all of this without directly writing it into the software. Is there another way? I think the budget system usage is growing exponentially and we have a very short time to figure this out.

I also want:

- Standard reporting guidelines
- Official forms and procedures for using our systems
- Centralized sites for storing reports and project status type information (think federated)

We should be able to ask any question, go to one place and have it answered in less than five minutes. It sounds like a technology issue to me and I think it's solvable by this idea. Maybe "incubator" is the wrong term? Maybe we should just call it the governance system.