Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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?
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?
With DASH at $3.00 a worth of newly created units are valued at $241,452.00 a month. So if all of us would give up 5% of MN revenue, it would be $12,072.60 a month. (at 4% it would be $9,658.08)
Would be too much to ask to give 4% of the profit other people's work is creating for you / me / us to support the project? I know many people would be strongly against a mandatory contributions, but what if a wallet one uses for MN would have a simple option, check this box and 4% goes toward... ??
And if this fails (less than 50% of us do that) we try more.
I suspect, given Evan's approach of seeing MN as bonds and his background in finance, that Dash would see its future as an IPO, where Masternodes would be shares and have their own value, much higher than the compounded worth of Dash units in it...
Who knows how all this would develop, but I am for sure as curious as hell
Unfortunately, Masternodes take home about 34560 coins a month, take 4%, you have about 1382 coins, which is at current value, 4146 dollars. It's just not enough. To really hire enough developers to keep this project moving, I'd say we need more like what you say, 12-18 thousand dollars a month to start. and as the project grows, it'll need more developers, because there will be different needs in different parts of the world. If the income in coins is a constant, and closer to 5000 coins per month, I think it would be viable for the foreseeable future.