Someone PM'd me and asked why I was suddenly paying attention to the price, this should answer that Q
Xcoin to Dash v12The goal during this phase was to find technological improvements to improve the following aspects of digital currency:
- price stability (volatility reduction for the long term)
- adoption
- privacy
- transaction speeds
- economic issues
I would officially say, we have five-ten years of technology that hasn't been released publicly yet and I'm done tweaking. During this period of time, the price didn't matter, the project was pure speculation and we were just working on the technology.
Present and FutureSo now that we have some amazing technology and a vision for the future, I think we can move on to the next phase of the project. We are the first true Decentralized Autonomous Corporation and I would extend my argument to say that Bitcoin and every other cryptocurrency project is NOT.
What do I believe a true DAC requires?:
- Decentralized Team
- Decentralized Funding
- Decentralized Governance
- All costs of the network must be provided for in a decentralized way
Think of every centralized company that you know of and how they operate, then flip that all upside down and try to figure out how to make it purely in a decentralized way without having any centralized components. This is what we've just created and it includes an incredibly powerful funding mechanism, staff, and paid infrastructure that will scale.
So then let’s say we have a centralized company that's a startup and they have some sort of funding mechanism. First, they will spend this seed funding in a way that provides growth and a ROI for their investors. Afterward, they can turn that funding into recurring revenue streams that pay for all of the expenses of the company and allow them to grow.
We are officially at the stage of having the first ever seed funding for the first ever DAC, which means we must use this money as any centralized company would, and provide ourselves ROI on our investments. One of the signals we're going to use is the price. We don't expect instant results, but we definitely expect results over 6-12 months from our initial investment. If we don't see those results, then we'll tweak our strategy and try something else. Rinse and repeat.
to dive into the context is that Dash is a new foundation to build a society upon. The state laws can essentially not ban you from trying something else - That would be imprisonment and is highly illegal. Let D run its system and future.
I would also target as a highly important aspect of this system, not mentioned in quote; Decentralized Donation.
The giving back and committing to a better world is something that also is key in mass adoption and has the benefits of a multitude of partnerships of minds thinking of a better vision.
I would propose a budget vote for:
- Setingt up permanent masternodes never to be touched and rewards donated for whatever well intended acts.
Maybe saving a panda or providing free servers for masternode users. Personally the thought of paying even if it is just a little is bothersome. Providing a service for covering server costs would be nice.
Maybe reimburse lost coins, kickstarters, lottories, marketing, scaling and all of the benefit of a more spread and secure network with more reliability.