Proposal “DashElectrumMay2018“ (Active)Back

Title:Proposal: dash-electrum development and support 2018
Owner:akhavr
Monthly amount: 100 DASH (26436 USD)
Completed payments: 1 totaling in 100 DASH (1 month remaining)
Payment start/end: 2018-05-19 / 2018-07-17 (added on 2018-05-21)
Votes: 721 Yes / 65 No / 42 Abstain
Will be funded: Yes
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many b430e1c88197cd773fc52d393814b106ff5551309dbb5ea48deeee9b427b4f5e funding yes

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Proposal description

Update2: The requested amount is to finance the development until the end of 2018, given the average exchange rate will hold.  See below for the Amount requested for a more detailed explanation.

Update: forum thread https://www.dash.org/forum/threads/proposal-dash-electrum-development-and-support-q2-2018.37855/

Overview:
Electrum is probably the most popular open-source SPV wallet for bitcoin.   Last year I've picked up maintenance and support for Electrum-DASH.  Since then, I've assembled a small team (of me and two other developers).  This is third proposal: first one was funded year ago and second one - Feb this year.

Scope and deliverables:
Since last proposal, we've done:
  • released 2.9.4
  • released 3.0.6 (with the upgrade to python3)
  • published Ubuntu PPA for easier maintenance under Ubuntu systems
  • fixed issues with Trezor on some systems

Execution and Schedule:
Work already performed or in progress. Deliverables are released publicly as soon as they are ready.

Roadmap:
  • keep up with the upstream development (now at 3.1.3)
  • release android version
  • Tor support both for server and client
  • research and implement Dash-specific features like Instant Send, Private Send and Masternode monitoring
  • integrate with OpenBazaar and other shopping API, starting with local Ukrainian ones
  • adjust priorities according community feedback


About me:

I'm active software developer for over 25 years and for last 15 years I develop mainly in Python. I'm in DASH since late 2014 (you can track my posts on the forum).  I package electrum-dash for more a year now.

Amount requested:
In Feb 2018 I've requested 100DASH at ~740$ per DASH with the expectation that this would allow us to run 6-8 month.  Unfortunately, since then DASH exchange rate dropped, so we've used the funds much faster than expected.

As of May 14th 30day SMA is 450.896$ per DASH.  Our burn rate right now is about $10k per month.  To execute this roadmap I request 200DASH (~$90K) which would allow us to run until the end of the year, at current exchange rate.

Since you've requested, we're splitting the amount in two installments: two 100DASH payments, one on Jun 3rd and the next on Jul 2nd.

If DASH will appreciate during the course of this proposal, we will use the remaining funds to extend the project duration.  If DASH will depreciate, we will submit another proposal as the funds would dry up.

More info:

Show full description ...

Discussion: Should we fund this proposal?

Submit comment
 
1 point,21 days ago
Dash Watch April 27th 2018 Report on
–°ontinuing electrum-dash development and support in 2018 by akhavr
https://dashwatch.org/files/1524995883209.pdf
Reply
1 point,21 days ago
Even though the title says "Q2", the proposal is to cover development and support expenses through the end of 2018, seven months.

Easy yes for me,

solarguy
Reply
0 points,20 days ago
Changed the title
Reply
0 points,21 days ago
Should I change the title to make it more obvious?
Reply
2 points,22 days ago
I hope MNOs vote yes on this - funding Dash infrastructure is a top priority and Electrum is a differentiated wallet that should be supported.
Reply
1 point,22 days ago
yes
Reply
1 point,22 days ago
Dear akhavr,
Im voting yes with a google play and others easy way to install in Android for everyday users.
Good luck with your proposal.
Regards,
Reply
1 point,23 days ago
voting YES.

BTW, I recently made two educational videos relating to the Electrum Wallet.
Set-up: https://www.youtube.com/watch?v=Ktr6XJBtu5w
Wallet recovery: https://www.youtube.com/watch?v=OmhyZnapiuA
Reply
1 point,23 days ago
@akhavr with no hesitation voting YES on it, you are always available, responsive, updating the software, adding new features etc. Also this is the amount which is going to cover 7 months of work of your team. BIG YES!
Reply
1 point,28 days ago
Voting Yes because we do not have Evolution yet and losing infrastructure before replacements are around is going backwards.
After Evolution is released, I cant see a reason for Electrum
Reply
1 point,28 days ago
Who uses Electrum anymore? Dash needs new customers, and new customers likely don't use Electrum.

Old school crypto people use Electrum, and unless they plan on buying enough additional Dash to offset the cost of this proposal (~$70,000), it's nonsense to fund this.

Can anyone give me a reason to believe that Electrum development will lead old school crypto people to purchase significantly more Dash than they would have otherwise? Because I must be missing something.
Reply
1 point,28 days ago
I initially had this impression too the last time Electrum sought funding, but it turns out Electrum is still widely used for the reason akhavr describes. So right now, it's still pretty important, whether or not it's 100 Dash important.
Reply
1 point,28 days ago
BTW, one other usecase for electrum is server-side payment processing. For most of such users, carrying a full node is an overkill.
Reply
1 point,27 days ago
Where can I view rough numbers on how many Dash-accepting merchants rely solely on Electrum servers for payment processing?
Reply
0 points,27 days ago
No one collects such numbers, since Dash Electrum has no tracking code inside and anyone can run ElectrumX server w/o any permission or notification.

Yet, from support requests we receive, I see that it _is_ widely used: at least 1 server-side support request per 2 client-side.
Reply
0 points,28 days ago
What makes you think new users won't use electrum? Especially, given it's the only open-source SPV wallet right now.
Reply
-2 points,27 days ago
voting no not worth 100Dash
Reply
0 points,27 days ago
If you think that the requested amount is too much to support the product until the end of the year (given the dash rate will stay around current value), then why you didn't raise this concern on the pre-proposal stage?
Reply
0 points,24 days ago
will dash be the only Coin to pay for it and how much do the other coins pay for there service?
Reply
0 points,20 days ago
There's no "service". It's a wallet, clone of https://electrum.org adapted for Dash.
Reply
0 points,24 days ago
sorry do the pay for there service i mean
Reply
0 points,28 days ago
Does the electrum wallet require servers to support it? How many are in service?
Reply
0 points,28 days ago
I installed Eletrum the other day to get a look at the improvements since a year ago. I was impressed! It is easier to understand and looks a lot nicer. What does "SPV" mean?
Reply
2 points,28 days ago
SPV stands for Simple Payment Verification. It was first described in the original bitcoin whitepaper. I think usually SPV clients communicate directly with the P2P network but the Electrum client communicates with Electrum servers and uses SPV just to validate the information received from the servers. For example, I think it's not possible for a hacked electrum server to make your client think you have received some transactions that you haven't. Please correct me if I'm wrong.
Reply