Proposal description
Buy-Sell Dash directly within the WALLET
After speaking with many Dash community members on the importance of this ecosystem development, I am excited to announce this pre-proposal. I’m excited to announce that in the near future, everyone who downloads a Dash wallet for the first time will also be able to buy their very first Dash!
Update: Paragon from Slack and I talked together to discuss the biggest concerns. The recordings are in 2 parts...
Part 1: https://soundcloud.com/robert-genito/harrison-on-2017-03-29-at-1411
Part 2: https://soundcloud.com/robert-genito/rgenitocall-part-2
Purpose:
We will help DASH OVERCOME Bitcoin's Market Cap, and we will do this by solving one of the biggest problems with wallets. No matter who you are, the easiest way for you, your friends, or your family members to get into Dash is to simply download a wallet. After that wonderful moment is where the newbie realizes, “...how do I get Dash?” Believe it or not, this is the biggest encumbrance to mass adoption. The excitement ends and things go downhill from there. That will be history.
We want to bring the Wall of Coins buying and selling experience directly into Dash wallets, while also providing these Dash wallets a revenue opportunity and incentive to make their Dash wallets better. Currently, wallet developers can only rely on donations to support their work.
What:
We will develop a DASH buy/sell wizard for 4 Dash wallet apps. You choose the wallets that you want us to pursue! We will work closely with the wallet developers and take their direction on the user interface, branding, and feel. We all understand the main concerns of integration, and I’d like to address a few of the most common concerns wallet developers have here:
We will limit the development time for each wallet to be 200 man hours. From experience, we know that this gives us ample time to also coordinate with the wallet app developers on an integration experience that they see fit for their users, as well as abiding by their desired UI/UX flow.
Which Wallets:
The wallets will be decided in a public forum poll posted at Dash.org’s forums, authored by this post’s author. The post will cite this post and vice versa. Here's where you can vote: https://www.dash.org/forum/threads/pre-proposal-buy-sell-from-within-all-dash-wallets.13959/
We will release, maintain, and publish an open-source version of this wallet that allows everyone to "participate together".
This way, everyone with a Dash wallet can find better utility: find a place nearby to acquire more DASH or liquidate the DASH as necessary. Easy, direct access to DASH is in the palm of your hand, and just a short walk nearby!
Open-Source Opportunity:
Due to the open-source nature of all wallets, the wallets will also serve as an example to each other and other upcoming wallets. I believe this will stimulate more co-operation and allow other developers to dream up creative use cases to further serve the Dash community. All wallets are incentivized to provide their users with a fiat gateway!
Creating an open source app for people in the future to easily supply their end users with coins and we will "systematize this on-board process". This open-source opportunity will help users of DASH Evolution in the future. Let’s think ahead for DASH’s future growth!
Terms:
How would this work?
Visit https://wallofcoins.com to see a live demonstration of how you can Buy Dash or Sell Dash directly from a wallet. Of course, you will see what it is like from the website; however, the features will be very similar for the wallet app!
Here's our prior video before Wall of Coins supported Dash on the site:
After speaking with many Dash community members on the importance of this ecosystem development, I am excited to announce this pre-proposal. I’m excited to announce that in the near future, everyone who downloads a Dash wallet for the first time will also be able to buy their very first Dash!
Update: Paragon from Slack and I talked together to discuss the biggest concerns. The recordings are in 2 parts...
Part 1: https://soundcloud.com/robert-genito/harrison-on-2017-03-29-at-1411
Part 2: https://soundcloud.com/robert-genito/rgenitocall-part-2
Purpose:
We will help DASH OVERCOME Bitcoin's Market Cap, and we will do this by solving one of the biggest problems with wallets. No matter who you are, the easiest way for you, your friends, or your family members to get into Dash is to simply download a wallet. After that wonderful moment is where the newbie realizes, “...how do I get Dash?” Believe it or not, this is the biggest encumbrance to mass adoption. The excitement ends and things go downhill from there. That will be history.
We want to bring the Wall of Coins buying and selling experience directly into Dash wallets, while also providing these Dash wallets a revenue opportunity and incentive to make their Dash wallets better. Currently, wallet developers can only rely on donations to support their work.
What:
We will develop a DASH buy/sell wizard for 4 Dash wallet apps. You choose the wallets that you want us to pursue! We will work closely with the wallet developers and take their direction on the user interface, branding, and feel. We all understand the main concerns of integration, and I’d like to address a few of the most common concerns wallet developers have here:
- “We do not have enough time to develop this!” Our developers will do it for the wallets, do it at their direction, and conduct all necessary testing for a successful launch.
- “We have a reputation to match for good design, and we do not want to clutter up our UI.” We will work together to come up with a flow that matches the experience you envision for wallet users!
- “But then our users have to create yet another service account. This is annoying!” ...not with Wall of Coins!
Our API solves this issue, allowing the wallet to host “user-less” accounts.
- “What about legal? What about customer support?” You remain a non-custodial wallet, allowing you to stick to just the wallet business. Furthermore, we cover customer support entirely, and are constantly growing our support team. In the last 2 months, the size of our support team has doubled.
- Wallets can give their users access to Dash within 15 minutes from purchase.
- Acquiring Dash is simplified. Users do not have to copy/paste Dash wallet addresses.
- Wallets are paid 20-40% of any fees collected, thus empowering wallets to develop and further improve their wallet.
- Users can buy and sell Dash within 21 countries now and more countries added every week: United States, United Kingdom, Argentina, Australia, Brazil, Canada, China, Germany, Ghana, Hong Kong, Latvia, Malaysia, Mexico, Nigeria, Philippines, Poland, Portugal, Romania, Russia, Singapore, and Spain.
- Wallet moderators will finally have useful data for research purposes on wallet usage. Without jeopardizing user privacy, wallet providers can see information pertaining to Dash demand needs by region, how much Dash is purchased and sold, how often, etc. This data is highly useful for understanding user behavior regarding signup and first use.
We will limit the development time for each wallet to be 200 man hours. From experience, we know that this gives us ample time to also coordinate with the wallet app developers on an integration experience that they see fit for their users, as well as abiding by their desired UI/UX flow.
Which Wallets:
The wallets will be decided in a public forum poll posted at Dash.org’s forums, authored by this post’s author. The post will cite this post and vice versa. Here's where you can vote: https://www.dash.org/forum/threads/pre-proposal-buy-sell-from-within-all-dash-wallets.13959/
We will release, maintain, and publish an open-source version of this wallet that allows everyone to "participate together".
This way, everyone with a Dash wallet can find better utility: find a place nearby to acquire more DASH or liquidate the DASH as necessary. Easy, direct access to DASH is in the palm of your hand, and just a short walk nearby!
Open-Source Opportunity:
Due to the open-source nature of all wallets, the wallets will also serve as an example to each other and other upcoming wallets. I believe this will stimulate more co-operation and allow other developers to dream up creative use cases to further serve the Dash community. All wallets are incentivized to provide their users with a fiat gateway!
Creating an open source app for people in the future to easily supply their end users with coins and we will "systematize this on-board process". This open-source opportunity will help users of DASH Evolution in the future. Let’s think ahead for DASH’s future growth!
Terms:
- ~282.68 DASH: Budget $5,800 per wallet on 4 wallets ($82 per DASH).
- Max 200 man hours per wallet. This includes mock-ups, business development, implementation, quality assurance testing, and deployment.
- Weekly status updates: Albert Arellanes or myself (Robert Genito) will provide these updates to the community forum. These will be every Thursday.
How would this work?
Visit https://wallofcoins.com to see a live demonstration of how you can Buy Dash or Sell Dash directly from a wallet. Of course, you will see what it is like from the website; however, the features will be very similar for the wallet app!
Here's our prior video before Wall of Coins supported Dash on the site:
Show full description ...
Discussion: Should we fund this proposal?
Submit comment
https://www.dash.org/forum/threads/pre-proposal-buy-sell-from-within-all-dash-wallets.13959/page-2
facebook.com/dashbabyfull
Is also important to notice that it may not be appropriate to integrate specific broker APIs into the reference core wallets, the reference clients should remain neutral and allow for different brokers to compete for volume. I think this will be great for Evolution where all brokers will have the same opportunity to integrate into the DAPI and be part of the Apps marketplace.
Just clarifying and making sure the reference clients were not counted on the 4 wallet apps you were considering. You can definitely create and maintain your own WoC forks of the reference client but you should consider the technical debt of creating your own forks as you would need to maintain them going forward. Plus I think for the most part people would just continue to download the reference clients from dash.org. Having said this, if you are aware and willing to maintain your own version of the wallets going forward then I can understand the project better.
My recommendation would be to wait and do this as part of Evolution where the marketplace will be available, but totally understand if you will create and maintain your own WoC wallets going forward or if this will be to work with 3rd party wallets like Exodus and Jaxx. Would be good to have those commitments from 3rd parties ahead of making the proposal though.
Just my 2 duffs. Cheers.
1. Not all wallets want to make a commitment without a commitment. It's a chicken and egg problem. This is simply because everyone is too busy with their current work. The Dash funding will shift everyone's attention because that gives resources for that extra attention.
2. Neutrality: this does not harm a wallet's neutrality. Wall of Coins is the *only* service that offers this. Does Jaxx or Ethereum's wallet appear not neutral because they integrated Shape Shift? Of course not: shape shift was the only service that offers what they offer. What is better: the image of supreme neutrality by now allowing the ONLY API buy/sell Dash service for wallet users that want to buy/sell Dash, or to get Dash into the hands of the masses as quickly as possible while also being an example for other individuals to make a better API service? I say it's more important to get Dash into the hands of as many people as possible and to inspire other companies to create alternative solutions for the wallets. There's much more for everyone to gain.
3. This is for new work, not old work. The reference clients are not counted, as the proposal explicitly states that people will choose the 4 wallets to focus on.
4. Waiting: this proposal will not hinder future releases of projects such as Evolution. There are no negative drawbacks by starting today, especially when the Dash treasury has an available budget.
Will you invite and urge the wallets to comment? I understand you believe it would be good to have those commitments comments already, but the community must realize that these wallet leaders are *MUCH* too busy for this to get their attention. I know how to make this happen, and when MNOs vote yes on this and trust in me once again, they will see the developments happen :) Thank you again for asking!
I am here to serve Dash, my friend.
1. It must be free market. Meaning favoring your payment provider over anyone else is wrong.
2. Having a separate wallet is 'OKAY'
3. -or- modify Dash wallets to support plug-ins, so that other Dash exchanges will be able to offer their service (Dash-to-fiat) on equal footing.
As it stands, your proposal will favor only one exchange, and will hurt the free market.
1. This proposal will stimulate the market, and does not make it a "non-free market" whatsoever.
2. and 3. can both be done under this proposal as well, i mean wy not?
To be clear, this favors the ONLY exchange that even has an API for buying/selling Dash. Voting no would do more harm than voting yes, wouldn't it? I hope you can see that this will not harm the ecosystem in any way.
What do we do ? It brings a total confusion to be front and center in our default wallet. DASH/fiat Exchanges are never global.
This is why I'm in a favor of plug-in system for Dash wallets. (as opposed to integrate Wall-of-Coins directly into Dash Core wallet)
You and I are both in favor of plug-in system for Dash wallets, and that is what this will begin. If you did not see that before, I hope you see that now :)
For the short-term, you can make a Dash wallet client fork with added functionality.
I really appreciate your kind words and your enthusiasm to share this with the community. Thank you for your confidence, and I look forward to getting started with the team on this ASAP!
Good luck with the implementation!
I like to vote yes on the proposal but if the payment will be distribute in
for example
1) 70% labor costs
2) 30 % software costs
So I can understand and learn for this one and other proposals how costs are divided.
I know it can be difficult and I'am not a masternode who knows al lot about project costs but I am want to learn.
Bossie ( Netherlands )
http://imgur.com/a/LbeKl