Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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
