Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
iCEBREAKER
on 18/05/2016, 17:44:41 UTC
Anybody notice all the commotion on dash forums? Seems like we got quite a few upset individuals about the DGBB system. Trying to get a better idea of what's going on if anybody has any insights.

"Distributed Governance By Blockchain" was always a hopeless pipe dream at odds with the actual reality that Duffield 100% controls Dash.

The recursive "reinvent all the things, with moar shiny blockchains and trendy decentralizations" was never going to lead anywhere but endless frustration.

Unlike an open-ended, pay-what-you-want project funding system, Dash's centralized, inflationary budget blocks create a zero-sum outcome where the incentive structure requires successful proposals to defeat other ones in order to be funded.  That's a recipe for conflict.

Quote

Yes, only a hard fork away from Duffield, secret X11 ASIC mines, THE DARKCOIN FOUNDATION, INC., and the [problematic early emission] can save this project.

That's why Dash Classic is being implemented as a Bitcoin side chain.  It will enjoy all the benefits of Dash's masternode tier and Bitcoin's POW network, without the burden of fake "DGBB" gimmicks and legacy of snake oil marketing.