
Proposal “DIF-SEPT2021-FUNDING“ (Completed)Back
Title: | DIF SEPTEMBER 2021 Funding |
Owner: | TheDIF |
One-time payment: | 245 DASH (6004 USD) |
Completed payments: | 1 totaling in 245 DASH (0 month remaining) |
Payment start/end: | 2021-09-12 / 2021-10-12 (added on 2021-09-16) |
Votes: | 665 Yes / 47 No / 1 Abstain |
Proposal description
EDIT: September Newsletter was published.
Dear Dash Network,
Darren here again. I'm super happy to report that Sven has accepted a vice-chair role. He really has hit the ground running and has been extremely helpful! Ash is helping me with the newsletter which is slated for a Monday launch. Please subscribe to our newsletter here. Glenn has been helping me with the accounting helpful to communicate about our finances with our bookkeeper and director. I'm investigating if accounting software would help. As of right now, we are going to have a joint call with a DIF director and our Bookkeeper after the close of Q3 to streamline the financial reporting process. Note a preliminary Q2 report on our assets can be found on the forum. I'm working on a better report, which I expect will be written.
Michael continues to be sage. On some calls I need to lean on him for the institutional memory about the details of our first year of operation. Rodrigo continues to make great introductions. Recently, the companies he introduced are US based. Rodrigo has also made a podcast where he interviewed the three new supervisors.
All the supervisors are doing more work than what I've gone into here. I just gave you highlights. As supervisors, we supervise each other as well as the DIF. I'm blushing at the kind words of the new supervisors.
Our newsletter will divulge the Q2 investment that was labeled TBA on the forum. Newsletter subscribers will also receive a code for 50% off for life of a Quadency subscription. Newsletter subscriptions are free and open to anyone. Don't want to subscribe? No problem, I will discriminate the information on other open channels. However, this newsletter is a lot of work and a chance for you to receive communication directly from us.
If you haven't subscribed above please subscribe to our newsletter now.
Dear Dash Network,
Darren here again. I'm super happy to report that Sven has accepted a vice-chair role. He really has hit the ground running and has been extremely helpful! Ash is helping me with the newsletter which is slated for a Monday launch. Please subscribe to our newsletter here. Glenn has been helping me with the accounting helpful to communicate about our finances with our bookkeeper and director. I'm investigating if accounting software would help. As of right now, we are going to have a joint call with a DIF director and our Bookkeeper after the close of Q3 to streamline the financial reporting process. Note a preliminary Q2 report on our assets can be found on the forum. I'm working on a better report, which I expect will be written.
Michael continues to be sage. On some calls I need to lean on him for the institutional memory about the details of our first year of operation. Rodrigo continues to make great introductions. Recently, the companies he introduced are US based. Rodrigo has also made a podcast where he interviewed the three new supervisors.
All the supervisors are doing more work than what I've gone into here. I just gave you highlights. As supervisors, we supervise each other as well as the DIF. I'm blushing at the kind words of the new supervisors.
Our newsletter will divulge the Q2 investment that was labeled TBA on the forum. Newsletter subscribers will also receive a code for 50% off for life of a Quadency subscription. Newsletter subscriptions are free and open to anyone. Don't want to subscribe? No problem, I will discriminate the information on other open channels. However, this newsletter is a lot of work and a chance for you to receive communication directly from us.
If you haven't subscribed above please subscribe to our newsletter now.
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Discussion: Should we fund this proposal?
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Maybe you will get your votes but I'm going to work at it, to make it increasingly harder for you.
If so, that is bad acting and is grounds for termination from the network. Just FYI.
Next we will hear we can't defund the DIF just like we cannot cut a single cent from the core team...
The DIF is designed to allow the network to participate in the success of commercial Dash-funded projects in a way the treasury alone never could. Too often, commercial projects gladly took DAO funding only to give us the short end of the stick once they were up and running.
Case study: Livingroom of Satoshi
Funded in 2016 with 1000 Dash https://www.dashcentral.org/p/bill-payments it has become a seemingly successful business: https://www.livingroomofsatoshi.com/graphs How much profit share does Dash get from it? Zero. Now look at their website again and see if you find Dash on there. I'll wait ... Found it? Yea, me neither. Why has it disappeared? I don't know. But I do know that cases like this should not happen again.
The DIF allows all of us to become shareholders in the companies we fund, rather than just throwing out money and hoping for the best. As co-owners we can ensure that Dash remains on, if not at the center of their development roadmap. They have to report to us about their finances. And they have to get us a slice of the cake later, if thanks to our funding they become profitable.
How about this analogy: You may have a personal checking account where you receive your salary. If you decide to invest in stocks, you open a brokerage account and move part of your salary from your checking to your brokerage account. There you buy some stocks and hope they prosper and make you money. You may end up buying the wrong stock or at the wrong time, you may have some winners and some losers. Either way, everything in that brokerage account is still yours. The money you paid in from your checking isn't just gone.
Think of the DIF as Dash's brokerage account and the treasury as the checking. We're not taking money from the DAO, we're just keeping it in a different form that the DAO alone couldn't.
Sven
We run on an extremely lean expense basis.
The DIF has brought some good investments to DASH, for example a stake in ReadyRaider which also resulted in an integration with DASH. Investment in to the Valkyrie fund which also resulted in a DASH GBTC style fund, The DIF also brought us DASHDirect an offering from CrayPay which sees DASH accepted (albeit indirectly) at 155k merchants across the US and soon to expand to millions. These things alone have brought us more value than a bunch of other proposals that have been getting the green pass for far longer than these guys.
When I pointed this out vs Dash's then 10-20k transactions a day, they were quite upset. And flenst proved that he was faking Dash transactions in order to "prove me wrong" about our adoption with his "transaction cluster sending back to itself".
The monero community is full of liars and fakers. They fake data to trick others into selling so they can say "See? You should've done your own research lol." Their only motivation appears to be validating their cynicism, i.e. "Nobody uses this shit anyway so it doesn't matter if we fake it."
Finally, Even with 10,000 transactions a day, at 30 days a month that is ~300,000 transactions per month, which is quite in line with our 150,000+ active android wallets in Venezuela per 30 days. Basically, we don't know WHAT transaction levels are showing in regards to adoption. Just know that there's a group of people out there faking as much data as they can so they can make others think they're more used, popular, whatever.
Also they enjoy using things like emotional reversals, where you get attached to seeing a certain number of daily transactions, even over long periods of time, and then take it away to dash your hopes in the project. Their motivations are, simply put, evil.
https://www.dash.org/forum/threads/the-dash-network-constitution.51988/
It's okay to run a business / fund and have some ethics. It's not okay to engage with law firms that are also hired by global information spies. It's a conflict of interest with our end users. I do not accept the abuse of millions of innocent people globally in the guise of "protecting us". Vote with some conscious.
The work on compliance recently got dash re-listed on Bittrex, like who actually cares? It always had small volume and they never did fast deposits anyway. Probably still don't.
How many years have DCG been working on Japan's compliance? Is it really worth all the time and money, or could it of been better utilized elsewhere?
Whoever made bitcoin "compliant"? Now that Taproots is being rolled out, will ANY exchange drop bitcoin or Lightening Network? Never, I'm sure.
I'm not against companies like Chainalysis doing their thing, but why go out of our way to help them or even associate with them? It sends a bad smell to our end users that a "decentralized project" could ever be more compliant than bitcoin. Not least that 7 years of compliance has got us to rank #61.
Would the DIF associate with C2Law if they were defending pedophiles? Don't get me wrong, I totally believe everyone has the right to a fair defence, but the question remains, should dash be more careful with whom it associates?
Is the reason you refused to acknowledge and prove your MNO status both now and in that 500 comment thread where you simply had to point to your forum badge, because you wanted to serve as a deflection shield for guys like agnewpickens, who routinely comments here talking about 'my votes', even though he doesn't actually have a MN?