Proposal description
The original TEDxSaltLakeCity proposal included plans for a 2nd proposal and this is it. Keep in mind the last proposal passed at 835 Yes / 22 No / 11 Abstain. This proposal is for the giveaway and to support those assisting at the event. Dash is the premier sponsor paying $12,000 USD to the group that runs the TEDx in SLC. About 100 people volunteer incredible amounts of time to make this happen.
I’m in communication with Rion Gull, who is the organizer of the Dash meetup Group in SLC (https://meetu.ps/c/36d2d/1XW6C/a) which is the largest Dash-specific meetup on meetup.com. I’m relying on help from this meetup to both offer seats and help at the booth. We will be attending the VIP dinner Monday the 28th with 50-75 people. We will give away dash to everyone who would like some - VIP’s receive 0.1 DASH. The goal is to grow the SLC Dash community as much as possible and many of these people are involved in the community.
The conference is not Dash- or cryptocurrency-related, but the typical TED attendant is open minded and eager to explore new ideas as many early adopters do. Dash, being the event sponsor will be an unassuming benefactor. The good will of giving away Dash will hopefully be returned with genuine interest, potentially translating into many more Dash users. Rion reports that the growth of the meetup has come largely through casual (no pressure) invites and unsolicited interest. Salt Lake seems to have a natural interest in cryptocurrency. Therefore it makes since to merge efforts of this giveaway with the local meetup group.
Planned Proposal Costs
- 30 dash to cover 300 .1 dash giveaways. (probably .8 or .7 & more wallets if the price holds)
- 25 dash to cover 500 .05 giveaways or smaller.
- 5 dash to cover event helpers.
- 8 dash to for merchant adoption efforts / swag and t-shirts and printed
materials.
68 + 5 for proposal fee = 73 total dash
At the event on September 9th we will be handing out dash at the door. I’m still preparing final details but we plan to only give it to people that are interested. We plan to have signs in the line suggesting people to ask for Dash from anyone wearing a Dash tshirt. Not all people arrive at the same time. *Update: We can confirm that the main speaker will have opportunity to promote dash with several 45-60 second statements. We have determined that it's best not to give out dash anywhere other than the booth.
We have decided to limit the availability of dash. This gives it a higher scarcity and a higher perceived value. We will also have dash to give away at the booth and throughout the event. If we run out of paper wallets then we will take emails addresses.
Giveaway dash is to be given to Speakers, Past Speakers,Other Sponsors, Team Members/Volunteers, and Attendees as well as new SLC meetup members. Honestly it’s hard to guess how many people will take the time to accept this dash. I plan on printing about 600 paper wallets and expect to split up remaining funds to a wider audience (by email) if the demand is overwhelming. Any extra can be used to promote dash in other ways in SLC.
Key Notes
- About 1500 people attending. We have a booth.
- All leftover dash will be used to promote and support local merchant adoption and/or the local meetup.
- Unswept dash will be pulled back after 1 month.
- We plan to host a Dash meetup on the 8th as well.
- Dash Attendees will be 1 or 2 friends of mine to go up to SLC. The other 7-8 Tickets will be allocated to meetup group members who are willing to help distribute Dash.
- This is a paid event. Most people paid $50, $75 or $100 a seat to be there. Students paid $5 or $15 if they wanted food as well.
- I’ll front my own dash to provide to people on the Monday Event. Order 60+ shirts etc.
- I’d like to keep dash giveaway to logical values regardless of price changes. If there is a significant change we may drop the amounts by .01-2 per person.
- I will make a accounting of the dash used at the event then pass remaining dash to Rion. In which he will give an update with the continued efforts with local merchant adoption.
If you are in the area and want to be part of the event let me know. Some of these tasks like merchant adoption (food truck) are fairly time consuming and still sorting out what that will look like. We want to insure people can spend their dash locally if possible. I don't live in SLC so I will be relying on help locally. To date I have spent 2 nights in SLC promoting dash in June. Spoke in front of all this year’s speakers and last year’s speakers and staff. Had coffee with one of the organizers and a short dinner with Rion. I will spend another additional night here on the 28th. And two nights around the event which is 1 day more than originally outlined in the first proposal. I have spent way more hours than I expected outside of SLC going through the all ideas and will finalized the last of the details on Monday.
We believe this will help jump start SLC into a Dash city with plenty of dash acceptance. We are still open to any input on this and can tweak it if anyone has major concerns about the plan. Thank you for your support.
Previous Proposal (https://www.dashcentral.org/p/TEDX-SLC-SPONSORSHIP-2017-FIXED)
I’m in communication with Rion Gull, who is the organizer of the Dash meetup Group in SLC (https://meetu.ps/c/36d2d/1XW6C/a) which is the largest Dash-specific meetup on meetup.com. I’m relying on help from this meetup to both offer seats and help at the booth. We will be attending the VIP dinner Monday the 28th with 50-75 people. We will give away dash to everyone who would like some - VIP’s receive 0.1 DASH. The goal is to grow the SLC Dash community as much as possible and many of these people are involved in the community.
The conference is not Dash- or cryptocurrency-related, but the typical TED attendant is open minded and eager to explore new ideas as many early adopters do. Dash, being the event sponsor will be an unassuming benefactor. The good will of giving away Dash will hopefully be returned with genuine interest, potentially translating into many more Dash users. Rion reports that the growth of the meetup has come largely through casual (no pressure) invites and unsolicited interest. Salt Lake seems to have a natural interest in cryptocurrency. Therefore it makes since to merge efforts of this giveaway with the local meetup group.
Planned Proposal Costs
- 30 dash to cover 300 .1 dash giveaways. (probably .8 or .7 & more wallets if the price holds)
- 25 dash to cover 500 .05 giveaways or smaller.
- 5 dash to cover event helpers.
- 8 dash to for merchant adoption efforts / swag and t-shirts and printed
materials.
68 + 5 for proposal fee = 73 total dash
At the event on September 9th we will be handing out dash at the door. I’m still preparing final details but we plan to only give it to people that are interested. We plan to have signs in the line suggesting people to ask for Dash from anyone wearing a Dash tshirt. Not all people arrive at the same time. *Update: We can confirm that the main speaker will have opportunity to promote dash with several 45-60 second statements. We have determined that it's best not to give out dash anywhere other than the booth.
We have decided to limit the availability of dash. This gives it a higher scarcity and a higher perceived value. We will also have dash to give away at the booth and throughout the event. If we run out of paper wallets then we will take emails addresses.
Giveaway dash is to be given to Speakers, Past Speakers,Other Sponsors, Team Members/Volunteers, and Attendees as well as new SLC meetup members. Honestly it’s hard to guess how many people will take the time to accept this dash. I plan on printing about 600 paper wallets and expect to split up remaining funds to a wider audience (by email) if the demand is overwhelming. Any extra can be used to promote dash in other ways in SLC.
Key Notes
- About 1500 people attending. We have a booth.
- All leftover dash will be used to promote and support local merchant adoption and/or the local meetup.
- Unswept dash will be pulled back after 1 month.
- We plan to host a Dash meetup on the 8th as well.
- Dash Attendees will be 1 or 2 friends of mine to go up to SLC. The other 7-8 Tickets will be allocated to meetup group members who are willing to help distribute Dash.
- This is a paid event. Most people paid $50, $75 or $100 a seat to be there. Students paid $5 or $15 if they wanted food as well.
- I’ll front my own dash to provide to people on the Monday Event. Order 60+ shirts etc.
- I’d like to keep dash giveaway to logical values regardless of price changes. If there is a significant change we may drop the amounts by .01-2 per person.
- I will make a accounting of the dash used at the event then pass remaining dash to Rion. In which he will give an update with the continued efforts with local merchant adoption.
If you are in the area and want to be part of the event let me know. Some of these tasks like merchant adoption (food truck) are fairly time consuming and still sorting out what that will look like. We want to insure people can spend their dash locally if possible. I don't live in SLC so I will be relying on help locally. To date I have spent 2 nights in SLC promoting dash in June. Spoke in front of all this year’s speakers and last year’s speakers and staff. Had coffee with one of the organizers and a short dinner with Rion. I will spend another additional night here on the 28th. And two nights around the event which is 1 day more than originally outlined in the first proposal. I have spent way more hours than I expected outside of SLC going through the all ideas and will finalized the last of the details on Monday.
We believe this will help jump start SLC into a Dash city with plenty of dash acceptance. We are still open to any input on this and can tweak it if anyone has major concerns about the plan. Thank you for your support.
Previous Proposal (https://www.dashcentral.org/p/TEDX-SLC-SPONSORSHIP-2017-FIXED)
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Discussion: Should we fund this proposal?
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Noticed a few concerns about the giveaway amount and method. My personal opinion is that, for a fixed sum, it makes more sense to give away a greater quantity of Dash to a smaller quantity of people.
Hypothetically, if you gave $1 away to 10k people, you may see close to $10k wasted. On the other hand, if you give away $10k to 1 person, you can almost guarantee that that one person will not forget about it, put it to use, and become a very vocal advocate of Dash because of it. The problem with that is you're limiting yourself to 1 vocal advocate. Giving away $5k to 2 people or $1k to 10 people probably still gets you 2 and 10 vocal advocates, respectively. At what number on the sliding scale do the number and enthusiasm of advocates start to drop? We think that number is closer to $35 (D0.1) than $5 or $10.
That said, we're still able to split the pie however we want, based on feedback. Either way, by knowing the private keys to all the paper wallets we give out, we can re-capture any funds that people didn't want (likely due to the value being too small).
Perhaps we can give higher amount to people who join the local meetup group. That way they will know how to find each other to continue to help each other in our Dash efforts.
That said, with cryptocurrency there's this nasty little catch where utility is a function of the number of people using it (https://en.wikipedia.org/wiki/Metcalfe%27s_law). As we know, value is subjective; most people need to *own* and *use* Dash to really see the value (utility) it offers.
To me, the main benefit of give-aways is offering people an easy first-hand experience of seeing the utility (both storing/increasing in value and transacting with it). Once they "get it" (literally and figuratively) they will want to get more (again literally getting more Dash, and trying to understand it more). Then they share it with their network of friends and family.
So, I think there's value in some amount of giving, particularly at this stage. Like thesingleton implied, maybe Paypal took this approach for a reason. Evan also seems to be taking that approach with giving away most of his holdings (https://www.reddit.com/r/dashpay/comments/62jc3b/evan_duffield_has_no_more_than_256000_dash_and/). Just something to consider.
Also, shouldn't the rise in price from the last proposal cover all these cost? How much of that was spent and what date was it spent/converted to USD?
With the recent price increases what to do with giveaways have been on my mind. Do we try to spread it more thin, or do we try to make it worth people's time? We can afford to give, and some of this has not been tested. It would be nice to have a generally accepted framework for this.
The original proposal was as many know had a payout issue. But it was setup with escrow with coingun and i was to use my own funds/dash beforehand so i had converted and prepared cash as soon as the proposal looked like it was going to be funded and some before. I actually delayed payout to TEDx slightly to figure out what to do with a no payout issue, i had told them it was for sure so i was going to pay regardless. The second proposal passed. In the end i was able to convert very little to cash and what i did i do regret. I wanted to do everything possible to insure the trust was there. On both sides, TEDxSLC had reservations about accepting money from an abnormal source. As far as the remaining 17 dash getting used I was not too specific about value increases. I added a additional day already in June to meet with people in SLC. Will total 5 nights on 3 trips. 4th visit/meeting including a meetup with Jeremy in San Diego who manages the partners. It covering the driving costs (300+ miles each), hotel costs. For the main event i will be bringing a friend/business partner to help as well. Perhaps another VIP. Originally i had hoped one or two core guys nearby could fly out and i could buy a ticket etc. Also worked on getting dash areo out. All in all i have spent way more time than i expected. And still coordinating people for both VIP and event meetups. The event is a full 8-5pm plus the after-party of 2+ hours. Any booth material, signs, paper wallets or anything has to be developed from scratch as well as every word presented about dash by TEDx. And for this proposal i'm not taking any of it and i'm well over 10 hours and it hasn't started yet. I hope people see value in the amount of work required. I had planned to hopefully cover costs, so value increases are welcome. I hope we can get some press coverage as not every day a local event also gets 20k+ given.
Other that that and the typo I like it
Oh ok at least the headline says 73!