Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 885. (Read 9723733 times)

I think that in order to get more efficiency from the budget system we need to do one or more of the following things:

a) Lessen the time factor--There is a real sense of urgency, in that we have only one month (at most) to plan and make proposals to the network before the funds or irretrievably "lost" for future development.

b) Given that any unallocated funds are lost forever (by simply not being created), we have a situation in which there is essentially zero cost for failure. If a proposal doesn't work out, then so what? The funds would have been lost anyway. The flip side is that almost any proposal with even the slightest chance of bringing value to the ecosystem is worthwhile, from a strict cost-benefit analysis. Take the latest proposal to integrate with a major exchange: that's just over 2,000 DASH or $30,000 USD. Not spending that money would effectively increase the value of all DASH in existence by half a cent, which is infinitesimal.

c) Communication must be improved. The creation of the new subforum is an excellent start.

My suggestion is to allow the network to "bank" any unspent funds so that they can be used at a later time by worthy projects. This has several advantages:

1) There's an incentive for saving. Today's unused funds will likely be worth quite a bit more in the future, due to price appreciation. This month's proposals, therefore, essentially have to compete against the possibility of even better proposals in the future. We don't want to fund marginal projects today, since that takes money away from potentially better projects in the future.

2) It eliminates the time factor, since there's no longer a hurry to spend funds before we lose them (i.e. before the month's superblocks are created). That gives more time to craft better proposals, more time for communication, and greater ability to hold contractors accountable (since there's no rush to approve expenditures).

3) It alters the cost-benefit analysis, because now the cost of disapproving a proposal is lower and the cost of approving a proposal is higher, since the funds if unused would be available for future projects.

P.S. It is vitally important that masternode owners realize there is risk in everything, and that it is up to them to assess the risk. There have been, and will continue to be, budget proposals that simply don't work out very well. That's simply how the world works--there are no guarantees in anything. All we can do is assess the risk and make the best possible decision with the information we have. If something doesn't work out, we learn from it and use that knowledge later. Failure is to be expected; if we never fail, it's because we never aspired.

I agree with questioning things and holding Core accountable. The new section on the forum is a good start.

My original comment was only related to trusting them regarding this major exchange proposal (which was quickly taken out of context by Solar and the other trolls to be "blind faith"). I just think it would be silly to punt this exchange opportunity just because Ryan can't disclose the name of the exchange. We should trust the Core's judgement on this particular issue as the potential payoff is huge. That was my only point.

Hi Solar... I do agree to some of the concerns   It's important that those of us that wish to question things and ask for accountability should remain doing so.

 For example,  I've been advocating for a budget performance matrix for all funded projects.  I've been willing to donate handsomely for this kind of thing where everyone is being held accountable via a standalone website.

 There are literally 10s of thousands of dollars being dished out... And no accountability.  I purposed before the holidays that  we set up an independent site that that strictly evaluates funding proposals performance as well as a complete detailed information on all aspects of the individual budgets,  who they are,  how much was the proposal worth in a couple of currencies what were the deliverables etc etc.  Then finally a rating of how well the budget proposal did at fullfilling it's duties... This could even be voted on.  

  This is how we can help everyone in community to remain confident that funds parties are being given, are held accountable by the whole community.

You submitted a proposal for 729 Dash for a 99 month duration. Numerous voters told you they would change their votes if you decreased the duration. We told you that the price of Dash was going to rise a great deal over those 99 months, and that we didn't want to effectively vote you an unlimited budget (72,171 DASH over the course of 99 months). At today's valuation, that would be $1.1 million. You have done some great things for the project, but most people were not willing to allocate that much money to your project.



Let's not try to change the facts...the proposal got defunded AFTER you said that it would no longer be a Dash Slack. You had already received two payments from the Network, which you refused to refund. You then tried to sell the Slack (that the Network paid for) back to the Core Team. "Scammer" is such a loaded word--if you have another word for somebody who took possession of something that somebody else paid for, then feel free to use it instead.

I want to be clear: you've done some great things for Dash. For a long time, I considered you a member of the "loyal opposition." When you decided to steal the Network's property, that's when I began considering you a scammer and a troll. Others may see things differently, and that's fine. Most of the time I have you on ignore, but I will from time to time pop up and remind any new community members of your past actions, just so that they have all the information available and can make up their own minds about you.

Cheers!

Lol, becuase DASH has absolutely nothing coming up in the future to make me want to hold . Good riddance man -- enjoy Monero or whatever you invest in now. 

thanks for informing about proper website for this knowledge.

Solar, I voted for you as well and in debt to your work you did for the dash vending machine.

I also think you need to have perspective that in this sort of scene there are people who will say anything and everything to get a reaction out of you. But ultimately I agree with mastermind in that you were treated that way because you hung out with the wrong crowd. If you believe in dash, ignore the crap that goes on and stay focused on making changes for the better. Unfortunately the people you hung out with were more interested in a witch hunt attacking people and causing unnecessary drama. Negativity breeds negativity.

Two things i don't want to get buried with all the Dash drama and the totally off topic trolling post.

don't take it personally, monero peeps troll most of the popular coins, that is what they are known for. i will not touch it either because of several prominent xmr members excessive trolling. overall dash and most other communities are positive (unless dealing with xmr folks) but we all have our problems. 

"The Soda Machine Wars".


Will make a class chapter when the history of Dash is written

i just pointed out a mistake you made on slack because you are just trying to find fault with dash. you admitted the mistake but i think you will make more if you don't just step away for a while and take a break.
replying to this post here will probably just make things worse. if you are still invested/holding dash you may want to reply here, if not it would be best to pm me or respond on slack if you feel you must. i probably will not respond here on btctalk though as we are getting off topic and into personal stuff. if you are not holding dash anymore my advice would be to just let it go and move on to something you feel positive about, negativity is not good for you health.

The reason I dont go near Monero is because of all their trolling on this very thread. I don't see Maidsafe people popping up here endlessly spreading FUD about Dash for example, neither AMP, nor ETH, nor any other crypto of which there are hundreds. Only Monero. Its offputting to their own currency, and its plain sad.

Thanks to all the trolling I consider that I understand the events of the launch in rather a lot of detail which otherwise I wouldn't have so the positive aspect is it keeps everything transparent. Also it bumps this thread keeping it near the top. And is paid for by a generous bounty of XMR so no need to use any Dash budget for these valuable services. LOL

Did I ever say anything about Monero this year?  No.  Your random grouping strategy is odd, but not of my concern.

If you are grouping me in with the critical thinkers and unbiased crypto nerds that say negative things once in a while.  Sure, that makes sense.  Feel free to put me on ignore so you can maintain your exceptionally high standard of Dash Positiveness.

That's one thing I never quite understood about the trolls here, because it is so obvious, but on the other hand it worked to a degree. The Instamine Meme is as persistent as it is irrelevant and false.

Don't take my comment out of context.  It was related to the comment above it, which was:

^ Yep. As an investor they have made me good money to this point so there is no reason to stop trusting them now.  Cool

My comment was only related to the blind faith attitude is dangerous.

I´m very sorry Solarminer, you probably don´t care at all but I´m sad to group you with monero trolls.

/ignore

Well thats true I guess. As for myself I'm basing it on whats Dash has done in the past, (incentivised nodes, two tier network, instant send, private send...) and what its doing now (growing the network, financing multiple projects via the budget system, maintaining and growing value, market cap etc), and the potential I see and the vision of Dash Evolution, bringing a user experience to the masses. And so on.

The thing is the trolls here know all this, and fear it, or they wouldnt be here. Do you really think  they are here because they want to help us avoid a scam?

Because, you can't base an investment solely on the fact that it has performed well in the past.  You need to base it on something tangible that you expect to happen in the future that will help your investment grow.

Wow trolling is very active lately. Monero team worried Dash is poised for a nice bull run I think.

But seriously why compare Dash to Madoff? You might as well compare Dash to the number of cows in Switzerland for all the relevance that has. The growth of Dash looks nothing like that. At all. Btw.