Quote from: eduffield on September 16, 2015, 08:35:52 PM

Someone PM'd me and asked why I was suddenly paying attention to the price, this should answer that Q Wink

Xcoin to Dash v12

The 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 Future

So 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 lets 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.

https://twitter.com/taoofsatoshi/status/644259499616960512

I'll be honest, there has been a lot of information coming from you in the last few days that seems surreal. I'm just now getting my head around the magnitude of what we have created here, and I can't wait to welcome all the new people into the fold that will inevitably be drawn to this.

To say that we are now in uncharted waters would be an understatement. With a superior product, and the means to keep building on our foundation there is no telling what we can accomplish. I've run out of superlatives to describe it so I will just say this:

Grin

Yeah, that's how I feel.

Quote from: eduffield on September 16, 2015, 08:57:24 PM

There will be some announcements at the conference Nov 7th, but no whitepapers. There's literally too much information in them and it would just get lost, so we're going to do this slow and steady, then release them later after everyone has a decent idea of what we're doing.

Always leave 'em wanting more...