Proposal “kuvacash-pilot---zimbabwe-uk-and-south-a“ (Closed)Back

Title:Kuvacash Pilot - Zimbabwe, UK and South Africa
Owner:kuvateam
Monthly amount: 745 DASH (68855 USD)
Completed payments: no payments occurred yet (3 month remaining)
Payment start/end: 2019-05-17 / 2019-08-14 (added on 2019-05-15)
Final voting deadline: in passed
Votes: 240 Yes / 509 No / 70 Abstain
External information: app.dashnexus.org/proposals/e6350ae6-f5ce-443e-860b-2b8b7a2cfdf6/overview

Proposal description

Most recent Dashwatch interview with Drako, as below in the discussion, including a live demo of the new wallet - watch before you vote...



Full proposal has been posted at Dashnexus - see below link to view discussion - 

https://app.dashnexus.org/proposals/e6350ae6-f5ce-443e-860b-2b8b7a2cfdf6/overview

A copy of the current proposal text at Dashnexus is provided below - 

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Kuvacash has developed the Wallet of the Future, powered by Dash.

The Kuvacash Wallet features services that are table-stakes in today’s market: international cards, cross-border payments, and local USD cash-out. These features are integrated seamlessly with a BIP44 compliant HD wallet and non-custodial multi-coin blockchain (kNET) that supports Dash natively. 

Although we are starting in Africa, Kuvacash is a revolutionary financial services solution for every person on earth. 


It has taken Team Kuva just under two years to build the software, develop the partnerships, and obtain the licenses necessary to execute our pre-launch pilot, a business-to-business remittances service (for primarily the UK to Zimbabwe corridor), which has moved over 700K USD across seven countries in just a few months. We have accomplished all this with funding of c. 1.25M USD from the DAO, 900k USD from external contributors and 1000 Dash from kDAO contributors.

Kuvacash Achievements
We are now at the point where we will be staging the consumer pilot with a production version of our application already on Google Play.

Some of Team Kuva’s accomplishments over the past 20 months to get to this point include: 

  1. Full production BIP44 compliant HD wallet and non-custodial multi-coin blockchain (kNET) supporting Dash natively on Google Play
  2. MSB license for Kuva in the United Kingdom, 
  3. A Tier 1 ADLA money services license in Zimbabwe, 
  4. Multiple programmatic banking and payments partnerships in the UK and in Sub-Saharan Africa for fast, cross-border remittances and local USD cash-out, a first for Dash
  5. International multi-currency bank account transfers – 140+ countries and 35 currencies supported.
  6. Physical agent-based cash-out, already active in Harare and expanding to other locations soon
  7. Native USD internal blockchain ledger, based on Dash technology fully operational in wallet, a first for Dash
  8. Instant transfers between Dash and USD in-wallet, more fiat currencies on the way, a first for Dash
  9. Paycode system and POS solution allowing for instant wallet credentials and payment details passed across a simple 7-digit 'Paycode' or QR, fully operational and working with both Dash and USD balances, a first and unique solution for Dash improving the customer experience when making and receiving payments
  10. Pay Dash to Phone Number, directly in-wallet and P2P a first for Dash
  11. Payment card deal completed for integrated pre-pay card support across Africa, a first for Dash
  12. 12Kuva City Air, a Kuvacash-exclusive urban transport project, with over 12M USD now committed and nearing completion of the additional funding required to implement. Not only is this a first for Dash but also a historic first for any blockchain project globally.
  13. External contributors submitted over 900K USD in additional funding for Kuvacash, to continue development
  14. Kuva launched the first Dash Sub-DAO, the kDAO - visionary contributors within the community raised well over 1000 Dash to allowed Kuva to continue development operations and get to pre-launch, a first for Dash
  15. ...more to be announced and discussed below.
About Kuvacash
Kuvacash is the largest DAO-funded initiative of its kind, with a team of over 30 people delivering the most sophisticated software ever built on top of the Dash ecosystem. With a focus on design and usability, the Kuvacash wallet app for Android (iOS is planned for a later date) is beautifully designed and also simple to use. With its connection to kNET's treasury system, it allows for seamless integration between our multiple financial services partners, so that we deliver a 'personal bank-like' experience to users. The Kuvacash wallet is also prepared for when Evolution becomes ready, and intends to be a showcase for this technology.

The below are screenshots from our production application currently on Google Play (activated on an invite-only basis while in pre-launch).

https://dash-nexus-production-uploads.s3.amazonaws.com/2a30fce075fd11e9b621b376aed37026

Why is Kuvacash different?

The Kuvacash wallet is more than just another blockchain wallet; we say it is like 'A Bank in the Sky' built for people to use cryptocurrency like Dash more easily in their daily lives, because it has the services they need at their fingertips. We don't store user's funds or private keys, our HD wallet is not like other online wallets - it is a non-custodial solution, so the user is responsible for their own private key (wallet words).
We have also implemented 'Skylock' which is a way to protect a user's wallet words from being discovered and used by unauthorised persons.

Kuvacash Demo Video
Although we will produce a new demonstration video and our global business model in due course, the following is an earlier video of our pre-production app presented by Spiro Antonopoulos our Director of Partnerships, which explains the initial Kuvacash launch business model.



Setting the standard for professionalism in the DAO
From day one, Kuvacash has reported detailed financials back to the DAO via Dashwatch, and also having been audited in-person and claims-attested multiple times (by Dashwatch, on request by MNO's) in order to provide assurance to the network that we are delivering Kuvacash on-time and on-budget.

DAO funding request
We require funding of 78K USD per month from the DAO over the next 3 months to allow us to follow on from our restricted pre-launch and complete our pilot. With contingency (15% - $11,700.00) and at a value of $120.00 USD per Dash (current 30-day SMA) comes to 747.0 Dash in total per month + 5 Dash fee = 752 Dash.

Milestones
At the end of the three months, provided we achieve funding with the DAO we will have;

  1. Launched the consumer wallet to the pilot group of c. 100-500 people. We already have over 500 pre-registrations via pre-installs of our app and over email.
  2. Dash community members will have access to the full Kuvacash wallet (will be activated on a per-request basis).
  3. All kDAO contributors will have access to the full Kuvacash wallet.
  4. Software development for Payment Cards integration will be completed, in readiness for Payment Cards launch in October.
Ongoing development
Following this, we aim to request funds from the DAO to complete the iOS wallet which has been requested by many of our Kuvacash pre-release registrants. We will continue to engage with Dashwatch to track our milestones and financials, as we have done so across the project for the last two years.

Thank you for your support,
James, Drako, Spiro, Judy, Alex and all of us at Team Kuva

https://dash-nexus-production-uploads.s3.amazonaws.com/576914a0760111e9b621b376aed37026

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****IMPORTANT NOTICE TO MNO’S***

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Dear MNO’s and wider Dash community,

This is the third Kuvacash proposal funding attempt that has been posted to the DAO, the prior two having been voted out (defunded). Along with this proposal, a Dashwatch interview was produced and corresponding communications made in the community to ensure all questions have been addressed in full from any MNO’s.

Over the last few months, Kuva was able to raise funding to cover the last non-funded proposal periods, where we the Kuva project scope was extended. Thanks to this funding, Kuva has now moved to a global proposition. We were able to secure the four-letter ‘Kuva.com’ and various other related domains, under which we will launch, and have also secured further partnerships in relation to this.

At the present moment we remain fully exclusive to Dash, where Dash is front-and-center as showcase, and this is still our preferred way forward.

This exclusivity is chiefly because Drako, as an MNO and holder of Dash, was himself deeply involved within the Dash community and believer of the Dash Digital Cash vision, putting forward initiatives to improve issues that he saw needed fixing in Dash. This includes the strategy, the logo itself (the current Dash logo is the direct result of his action), through to chained Instantsend (where he brought his executive team to Scottsdale to argue the case for it directly with DCG’s CEO) through to the ability to purchase Dash directly in the Core wallet (a strategy was produced for DCG in 2017 detailing this). He was also involved in exposing and defunding proposals that delivered little to zero value to Dash (most Dash community members are aware of these lobbying efforts and the various outcomes).

In total, c. $2.5 M USD was raised from the DAO, community and external sources to complete the build of the Kuvacash apps, together with the corresponding partnerships, licenses and establish operations. This was all done while retaining the original vision of creating Kuvacash as a digital business; it is committed to a trust structure in which it will remain.

Nobody, including founders, contributors or supporters own any of Kuva’s equity, and this is how it will remain.

If the DAO continues to fund Kuvacash at the level requested (c.100k USD per month) until it is self-sustainable, we will always be exclusive to Dash. However, at this stage if the project is to take its funding options outside of the Dash DAO further, it will mean that (for as long as the Dash project remains viable), Dash will still be included in Kuvacash, but it will no longer be possible to retain Dash’s exclusivity status or to be front-and-center in Kuva as a Dash showcase.

The team would like to emphasise their deep appreciation for the supporters of Kuvacash from within the Dash community, we could not have built Kuva without your crucial support and votes, but in particular we would like to thank those who are within Dash’s first Sub-DAO, the kDAO, who contributed their own funds into Kuva; an all-time record-breaking 1000+ Dash to help us get to where we are.

Please post any further questions below and we will address these prior to the closure of voting.

Thanks,
Team Kuva

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Show full description ...

Discussion: Should we fund this proposal?

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0 points,2 months ago
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****IMPORTANT NOTICE TO MNO’S***

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Dear MNO’s and wider Dash community,

This is the third Kuvacash proposal funding attempt that has been posted to the DAO, the prior two having been voted out (defunded). Along with this proposal, a Dashwatch interview was produced and corresponding communications made in the community to ensure all questions have been addressed in full from any MNO’s.

Over the last few months, Kuva was able to raise funding to cover the last non-funded proposal periods, where we the Kuva project scope was extended. Thanks to this funding, Kuva has now moved to a global proposition. We were able to secure the four-letter ‘Kuva.com’ and various other related domains, under which we will launch, and have also secured further partnerships in relation to this.

At the present moment we remain fully exclusive to Dash, where Dash is front-and-center as showcase, and this is still our preferred way forward.

This exclusivity is chiefly because Drako, as an MNO and holder of Dash, was himself deeply involved within the Dash community and believer of the Dash Digital Cash vision, putting forward initiatives to improve issues that he saw needed fixing in Dash. This includes the strategy, the logo itself (the current Dash logo is the direct result of his action), through to chained Instantsend (where he brought his executive team to Scottsdale to argue the case for it directly with DCG’s CEO) through to the ability to purchase Dash directly in the Core wallet (a strategy was produced for DCG in 2017 detailing this). He was also involved in exposing and defunding proposals that delivered little to zero value to Dash (most Dash community members are aware of these lobbying efforts and the various outcomes).

In total, c. $2.5 M USD was raised from the DAO, community and external sources to complete the build of the Kuvacash apps, together with the corresponding partnerships, licenses and establish operations. This was all done while retaining the original vision of creating Kuvacash as a digital business; it is committed to a trust structure in which it will remain.

Nobody, including founders, contributors or supporters own any of Kuva’s equity, and this is how it will remain.

If the DAO continues to fund Kuvacash at the level requested (c.100k USD per month) until it is self-sustainable, we will always be exclusive to Dash. However, at this stage if the project is to take its funding options outside of the Dash DAO further, it will mean that (for as long as the Dash project remains viable), Dash will still be included in Kuvacash, but it will no longer be possible to retain Dash’s exclusivity status or to be front-and-center in Kuva as a Dash showcase.

The team would like to emphasise their deep appreciation for the supporters of Kuvacash from within the Dash community, we could not have built Kuva without your crucial support and votes, but in particular we would like to thank those who are within Dash’s first Sub-DAO, the kDAO, who contributed their own funds into Kuva; an all-time record-breaking 1000+ Dash to help us get to where we are.

Please post any further questions below and we will address these prior to the closure of voting.

Thanks,
Team Kuva

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Reply
7 points,2 months ago
Kuva has already received WAY TOO MUCH funding for what it actually delivered.
(which is NOTHING except some fancy videos)
Most mno have ZERO trust in this team now, because at this point it has ZERO credibility.
The DAO is not an eternal milking cow for undelivering teams that cannot be trusted, but Kuvateam obviously thinks it is.
All your team is trying to do, is taking $100k per month (as long as possible), and serve us crumbs and micro-steps in return for each $100k bag. Always postponing launch with some pretexts and excuses, in order to milk the DAO even more.
And it will never be enough. And we will never see it deployed, except paying $100k/month FOREVER because oh well "we are so close now, we just need another couple millions", lol

The DAO is not here to gift Drako another couple masternodes.
He was given by the DAO already too many masternodes for what he actually delivered so far.

And please stop bullshitting us with nonsense-talk like:
"Nobody, including founders, contributors or supporters own any of Kuva’s equity, and this is how it will remain."
If it is true what you are saying, then this obviously means that Kuva DOESN'T OWN ANYTHING OF VALUE.
BECAUSE EVERYTHING OF FREAKIN VALUE IS OWNED BY SOMEONE IN THIS WORLD.
If you say, Kuva doesn't own (at least) its code, then you should have no problem handing it over.

Best thing for both parties at this point is, that Kuva looks for another eternal cuckold pay-pig project to feed it's never-ending hunger, and stop bothering us with this bullshit project and it's bullshit tactics.
Reply
2 points,1 month ago
Hi Gonzo,
Actually we completed everything in the milestone we said we would, had our software, partnerships, licenses, preinstalls and email lists, additional funding (outside of Dash DAO we raised c. $1MM in addition to the c.$1.25 given to us by the DAO), and we raised another 1000 Dash from contributors in the Dash community. You've obviously been taken in by the Dash Force imbeciles at Dash Talk, but that's ok - there is a lot of noise for you to filter out, and it's hard using your own brain, right?

The reason Kuva was not funded, even though it is by far one of the most professional initiatives in the Dash DAO by a long way, is because I went against as many of the "gravy train proposals" which waste valuable funding.

Kuva were at the point of launch, with all software completed (validated by trusted community members as well as Dashwatch), and, make no mistake, kooks like you voted us out. This is because of (1) An ideological clash kooks have with Drako and (2) Protecting the gravy trains of Dash Force, DACH and VZ, plain and simple.

I guess you should keep funding the "three amigos" and their droning podcasts for c$30k a month instead, or keep paying for the finest DACH Hopium at an even higher rate, while nothing is delivered - if that's working for you then go for it. You should also fund the VZ scammers who lied and fabricated financial evidence, and deliver a handful of transactions a day at an eye-watering cost to the network, with practically zero growth. That might help Dash...or not?

Get my point?

We were ready for launch last year, but adjusted our plan in case we were defunded, and in hindsight this was an excellent idea), now Kuvacash will no longer need to be exclusive to Dash, although as they have paid for a lot we have done, we we will continue to support the coin in the wallet, since the work has already been done.

Kuva is now scaling up its operations; we have completed our own blockchain called kNET, we have globalised our proposition and are now operating across multiple countries. We have done c.$1M USD in business over a few short months. There will be an opportunity to take part in the network when we release our Plan B, but until then, kooks like yourself can sit back and watch what you have lost, while you continue to fund the same idiotic proposals and wasteful gravy trains for a defunct ideology.

Thank you,
Drako
Reply
1 point,2 months ago
I'm still supporting Kuva, I want to see Dash use pick up in Zim, and neighboring countries. Africa is ripe to leapfrog the world's financial system, and dive straight into financial freedom. lets finally do this please.
Reply
0 points,2 months ago
Thanks Tante,
I appreciate your ongoing support and that you have always stayed independent-minded throughout the hubbub.

You’re correct, this is something that can disrupt and leapfrog the incumbents, and is the best opportunity and team Dash has to do this.

Cheers,
Drako
Reply
5 points,3 months ago
Dash Watch video interview with Drako, Co-Founder and VP Strategy & Propositions for Kuvacash.

https://www.youtube.com/watch?v=Q55NXndtYqo

With questions such as "What is the current status with the pre-pilot launch?", "How much DAO funding and time will be required to see Kuva to public launch and how much funding and for how long will be needed to continue developing the proposition after that?" and "If Kuvacash does not receive Treasury funding what will that mean for Kuvacash and Dash moving forward?" This 40-minute interview also covers topics such as Kuva remittance payments, raising external funding and kDAO contributions, how the value proposition for Kuvacash has changed, a real-time new wallet demo and more
Reply
-3 points,3 months ago
Great interview Drako.

Love the demo of the wallet. It is beautiful software!

Really puts things into perspective especially when looking at what has been achieved by this team.

Well done!

Looking forward to the successful launch of Kuva, and hope the majority of MNOs watch the demo above and decide to support Kuva for the pilot.
Reply
-9 points,3 months ago
Hi Triptolemoose,

Thanks for all the support, despite the seemingly endless negative propaganda pushed by Dash Force and their cronies on DT etc...

We’re super pleased with the software and integrations now, anyone who sees Kuva and has a go loves it and gets what we are doing. We have also now run our first commercial transactions over the network.

Lets see how it all turns out. The truth always comes out in the end.

Cheers,
Drako
Reply
8 points,3 months ago
Can you point me to any particular incidence of Propaganda pushed by Dash Force?
Reply
-7 points,3 months ago
Just hang out on Dash force’s Dash Talk Masternode and Thunderdome channels. Plenty of Kooky propaganda to see there.
Reply
8 points,3 months ago
All they seem to agree on is that Drako is a terrible spokesperson for Kuva.
Reply
-4 points,3 months ago
I think he’s a great spokesperson for Kuva. Just watch his interview above and others.

He also takes the time to reply to all concerns and questions in depth.

It’s only when he began commenting on other proposals (in his capacity as MNO), such as the worthless Ben Swann proposal, that all of a sudden DF et al began having a problem with him.

There is also plenty of whacked out propaganda to be found in those Kooky DF DT discord channels.
Reply
7 points,3 months ago
Dear community of MNO,

I am voting NO and want to tell you why.

The simple answer is, there is NO TRUST.

The very basis for a functioning relationship in business or life is missing.

I was once a fierce Kuva-supporter. I liked the idea and the vision that was presented. Most of us did.
After all we are here for a reason, ‘cause we understand how the legacy financial system works and how it can be improved.
Helping the unbanked and those suffering from hyperinflation is one of our deepest desires.
Some of us see the economical opportunity, others just want to help to make the world a better place.

But Drako has betrayed that vision, because he is more concerned about his ego and calling out others.
“No matter what” is his mantra, most of you probably will recall.

The important question is: How much time and how many resources have been wasted already due to that attitude?

I was one (of many) community-members, who tried to give some guidance and advice.

I predicted that Kuva would fail to receive funding.
Twice!
But Drako/ Kuva did not adjust his behavior or his strategy.

And a CEO without a vision, putting his ego in that place instead, is quite useless.

Some of his supporters start to scream now, that he is not the actual CEO.
But then the plot just worsens.
If the actual CEO, that btw has never directly spoken to us MNO, has no power to remove him or better correct him, what does this tell us about the management at Kuva?

What does that tell us about future problems and frictions Kuva will face?
→ NO TRUST.

There are more examples of bad decisions and management practices.

one example: Do you think that creating a secret kuva support channel was a good idea?
You deal with a lack of TRUST and your answer is more secrecy?

To save us some time I’ll skip all the details, where Kuva/ Drako viciously attacks major important parts of our network.
Imagine how empty Dash would look like, if Kuva/ Drako were somehow in charge, snipping his fingers like Thanos (in Avengers).
By ignoring the bigger picture of our ecosystem and the displayed and unchanged insulting and unprofessional attitude of Kuva and some of its supporters lead to → NO TRUST

Imagine you work in customer support/ sales and call your clients, that have questions, problems or being just critical, continuously kooks, idiots, etc.
How would that turn out in the end for your business?

Let’s ask the question again: What does that tell us about future problems and frictions Kuva will face?

The dirty little persuasion tactics from the lemonysnickets are also counterproductive. → NO TRUST

To put my opinion into some perspective, let me introduce you to a statement a fellow MNO and a longterm, outstanding community member, who btw was also a Kuva defender once, has said recently in #mno-channel at staydashy.com:

“...I have listened to a number of high end VC people (who specifically deal with crypto) on the Unchained podcast from Laura Shin. So far as I can determine, they universally value good tech, and good team/leadership pretty much equally. So, no matter how good the idea is, if the leadership isn't awesome and amazing, no VC money. Why would the DAO operate any differently? It is an unhelpful and unrealistic concept that one can treat the two things as separate things that don't affect each other. All projects must be evaluated in that light...”

Let me reference some empirical proof to further support this argument: Pls look at (book) “Return on Character” by Fred Kiel .

Tl;dr: people with good character traits achieve way more positive outcome, a-holes are less successful and fail more often (empirical proven).

In conclusion as a risk averse VC-investor I wouldn’t throw a single penny at this project.

If you are a Kuva-supporter, and if you have donated your valuable money, I understand the urge to defend this project.
And it is one explanation for the misleading rhetoric, displayed in the comments by the Kuva-fanbase.
“No matter what!”
But throwing insults and behaving like irrational, emotional teenagers, who don’t get what they want, don’t restore TRUST.
Call us idiots or a minority, calls us kooks, make fun about our mental health in your secret closed chats, if you somehow think that helps your cause.
I am terribly sorry.
But that is not how it is done.

A clear NO from me!
Reply
-5 points,3 months ago
Hi Cryptofan/Dashfan -

See below for responses to your post, by people who aren’t triggered as you are, because ‘Drako pointed out their inner kook’.

Time to grow up eh, if you don’t like thinking of yourself as a kook, then...don’t act like one.

In particular check out Ichigo and Triptolemoose’s responses, I couldn’t put it better.

Thanks,
Drako
Reply
7 points,3 months ago
Amen.
Reply
-4 points,3 months ago
The kDAO was built for people that wanted to donate so Kuva can still operate while not receiving funding from the DAO. In exchange you got information about how the development was going first before anyone else. Not to mention some of that information was better kept in a closed circle between people that would not leak anything so no competitive advantage was lost. You would have know that if you had access there and by your saying that you were a fan you should have already been in the kDAO.
At this moment there is no more information that the kDAO fans have that the general public doesn't have. Your secrecy point is very weak.
On to the trust: Kuva is a team of about 30 people if I am not wrong. You would expect if Drako did not have his full support of his team that it would eventually leak out. This is the age of information and suggesting that Drako is somehow unable to be replaced due to bad handling of his team and mishandling the development of Kuva is insane. It also is an unsubstantiated claim. Back your statement with facts. Contact people in Kuva and get their opinion on the matter and then present us with the results if you will.
Vision: It is pretty clear that Kuva has a vision. To this day the vision includes Dash exclusivity. That vision is in danger because every time there is a Kuvacash proposal the business merits of the proposal, that trump every other proposal outside of Core, DW and Nexus, are given a 2nd or 3rd seat of importance. The most important to MNOs seems to be to keep funding people that are sweet talkers but achieve very little when it comes to value for Dash. If Kuva is going to be Dash exclusive and the DAO is dysfunctional then Kuva is also in danger. At one point we were struggling to fund Nexus or DW for gods sake. Doesn't that indicate a dysfunctional DAO?
Every one is on and on about how these big asks of funding need to be tied to DIF equity when there is no equity to be offered by Kuva since it's held in trust. People just ignore that fact. Hell even DIF is not operational yet. Not to mention that no one seems to care about proposals that have a smaller ask in funding by keep going for months and months without end in sight with no offer whatsoever of equity. This is where the attacking of other proposals from Drako comes in. He pointed out which proposals are not worth funding, since he is also a multi-MNO. That is when the issues started for Kuva. Instead of taking a good look at the state of the DAO and where funds go a small minority of multi-MNOs decided to shut Drako down along with Kuva. This is a real direct threat to the vision of Kuva and Drako had every right to defend it. A healthy DAO leads to a better Dash that leads to an even better service and product for Kuva.

Your biggest flaw in your argument above is that personalities that are deemed unworthy do not receive funding for their startups. It has already been proven that Kuva has received 900k USD in external funding. That is funding that has nothing to do with Kuva supporters or Dash fans. So please explain how in the world did Drako and the Kuva team managed to seal such an amount if the leadership was not deemed worthy/awesome/amazing?

External funding can be secured more easily than from the DAO. The thing is it comes with consequences. Those that are going to invest are probably going to demand changes to the project and changes to the vision. Mainly the Dash exclusivity is in jeopardy.

Vote however you like but be sure to know what you are doing and most importantly know what the hell you are writing.
Reply
-3 points,3 months ago
Hi crypt0fan

I think you have ignored the biggest picture of all.

Drako, acting in his capacity as a MNO has repeatedly talked about the elephant in the room, and pointed out which proposals are outright scams and/or offer no value to the Dash network. Easy examples were the Ben Swann, and Venezuela proposals. Both of which had plenty of blind support behind them.

He has been found to be correct in those instances.

In addition, he saved us from that colossal f-up that was going to be the expensive new Dash logo.

All this, in his capacity as an MNO.

As a proposal owner, he has shown us the way by demonstrating how transparancy and proper reporting gets done. Before Kuva and their detailed communications and full open book compliance with Dash Watch audits, the community was happy to pay and pray.

Kuva has delivered everything promised and more. It is now up to the MNOs who need to step up and decide if it will launch as a Dash initiative.

If you want to talk VCs... There is not a single VC who has invested in Dach, dash Venezuela or Dash News. There are plenty who would invest in Drako and the Kuva team, including many from within the Dash community.

Grass roots initiatives have had, and continue to have, plenty of money thrown at them by the DAO. It hasn’t been years and they simply aren’t working.

Kuva really is the most clear and easy Yes vote we’ve had on the Dash DAO.

MNOs. Forget the desperados in the pork barrel DFN club lining their pockets on a monthly basis with FAT salaries, and choose the team who actually cares about the success of Dash and has a proper strategy for getting Dash landed in Africa as a money system.

Vote yes for Kuva.
Reply
8 points,3 months ago
i will no longer be voting yes on major projects that dont offer equity to DIF. if u are interested in offering the network protection via DIF please make it known.
Reply
1 point,3 months ago
I agree with you in principle, but the DIF is simply not there yet. Today’s Dash treasury disbursements can’t wait for a nebulous entity with no supervisors.
Reply
1 point,3 months ago
There is other projects with major asks...
Reply
0 points,3 months ago
Define big please. 745 Dash for 3 months is big. What about 100-200 Dash per month for infinite months? Does that count as big as well?
Reply
0 points,3 months ago
Offer what cannot be offered?
Reply
-3 points,3 months ago
I wonder how equity works for DashNews, and Venezuela ?!? So you're voting no for them as well ?
Reply
-5 points,3 months ago
Haha, technically dash new could be profitable if they provided reasonable content beyond just swish swashing tid bits of info.

And as such equity would be possible same woth venezuala if we stopped giving handouts and focus on creating BUSINESS that help dash ROI
Reply
-2 points,3 months ago
Hi Unchained,
We don’t have equity in Kuva that can be offered, similar to how DCG doesn’t have equity - none of the executive have equity and we have never offered equity.

Ours is a completely new model for a digital business, and for the reason that we eventually want it to be a public system. I hope this is understood but if you have any other questions about our approach I’m happy to discuss what I can.

Thanks,
Drako
Reply
6 points,3 months ago
DCG is a USA registered corporation with equity. The equity is owned in the form of shares that are registered to the dash DAO irrevocable trust. This trust is run by an independant trustee which is chosen by the Masternode-elected trust protectors with the sole purpose of managing the investment in DCG for the beneficiary, which is the Masternode network.

DCG does have equity. And there is absolutely no legal reason why Kuva cannot be structured in a similar way.

FTFY.

Walter
Reply
-6 points,3 months ago
Hi Walter,
Kuva is a completely different type of business structure, and we don’t intend to change it from our vision of keeping Kuva a digital business.

Although this has similarities to DCG, it is also not DCG and we’re not offering equity to anyone; not even ourselves.

We are flattered you would like some equity though, most people thought you were not a fan, and were attempting to derail Kuva.
Despite being a Trust Protector, and presumably knowing better...

Thanks,
Drako
Reply
3 points,3 months ago
DCG is completely owned by the masternodes via the trust.
Is Kuva owned by the masternodes?
Reply
-2 points,3 months ago
Actually Kuva owns itself - also just to clarify, neither is it completely funded by the DAO.

Thanks,
Drako
Reply
-3 points,3 months ago
Fellow MNOs and Kuva supporters.

Analysis was done on the last Kuva proposals and it was found that majority of No votes come from just a couple of whales.

Kuva is by no means the underdog here, but we have to push hard and educate MNOs to take time to participate in the vote if we are to overcome this small vocal minority.

Kuva will be fine regardless of the outcome of this vote, and Dash will end up worse off by choosing not to fund this project, as it will force the Kuva team to build a launch runway with external (non-dash) funding sources.

Kuva has its operating licenses, and the software is complete, all that remains is building a solid runway for the launch. It is too risky to launch a project this big on a shoestring budget.

Funds are easy to come by in the crypto space, and this ask is tiny when you think of what they could raise externally.

This Dash project is a no-brainer and will definitely be a missed opportunity for Dash to make some real progress with a solid team who have repeatedly shown they are dedicated to the success of Dash.

I see this proposal for what it is... a ‘last chance’ proposal for MNOs/Dash to play a part in the success of Kuva and grow the Dash ecosystem in Africa and beyond.

If anyone has any concerns, do not stay silent. Please voice them here.

You will see Drako always takes the time to address them with clear and intelligent answers for those who are willing to listen.
Reply
7 points,3 months ago
If funds were so easy to come by then Kuva would have already sourced them elsewhere many months ago... The sad truth is that the project is a white elephant, and that is why it has repeatedly failed to attract the required investment funding (from any source).

The narrative that somehow Kuva is doing Dash a favour by letting us fund the project is beyond laughable.

Go test that theory of yours that funds are easy to come by in the crypto space..

Walter
Reply
-3 points,3 months ago
Hi Walter,
When sea-lioning, it’s also important to get your facts straight.

We’ve raised another $900,000 to keep us running, and another 1000+ Dash in the kDAO which is ‘part of the crypto community’.

We’ve built what we need to launch with Dash, but if Dash is not interested, for the reason that it seems the MNO community can be manipulated by a few kooks (which should probably concern you as a Trust Protector) then we’ll raise these funds elsewhere.

I know you can’t believe we got this far, or raised that money, twice, but I suggest that it’s probably because your business sense may be less developed than your kookiness ;) - like it or not it seems to be the case.

Thanks,
Drako
Reply
4 points,3 months ago
It’s cost $900k plus over 1000D just to keep you guys running.. yet you are materially no further along than when you last came to the treasury for funding.

Great news that you’ve managed to keep the white elephant treading water without DAO funds.

Bad news is you’re out of money again. My facts are straight, you’re coming back to the DAO because everything else is tapped out.

Your elaborate kDAO construct would have been your first port of call for another round of funding/“donations”. The fact you’re back here instead speaks volumes.

Keep chanting the same mantra, but the reality is you haven’t got a viable business model worked out and you’ve done nothing to demonstrate how and when kuva will become self-sustaining. This is because you’re winging it and you haven’t got a clue. It’s just one big fairground day out and you want Dash DAO to keep paying for your tickets.

Walter
Reply
4 points,3 months ago
Oh.. and don’t think for one minute that my position as a trust protector exempts me from analysing and questioning proposal owners. You keep dragging it into the discussion as if it matters somehow? To be clear: I’ll continue to call out bullshitters and chancers, you included... TP or no TP.

Walter
Reply
-2 points,3 months ago
Hi Walter

It seems you are still very confused.

Kuva used the donated funds to run a small pre pilot, identify issues and tidy up the software.

The funds which are now requested, are for the pilot and to create a runway for launch.

Maybe you should watch the latest interview and read through their actual proposal, seeing as you are a Dash ‘trust protector’ and all.

Kuva still have funds available via donations, as well as external sourcing lined up... this vote is basically an offer to MNOs on whether the Dash DAO is interested in funding the Kuva Team and their proposition going forward, or if they are willing to risk losing this project.

I’m glad Kuva are returning to give the DAO an opportunity to be a part of this project. Drako said that they would, and he has kept his word.

It’s strange you talk about the business model not being viable.

Fact. The Kuva software is finished and has even been demoed in the recent Dash Watch interview.

Fact. Kuva have already done over $700k in b2b remittances.

It’s almost as if you haven’t followed the Kuva project, or maybe you simply don’t understand business at all.
Reply
3 points,3 months ago
“Kuva still have funds available via donations, as well as external sourcing lined up... ”

Well what are you doing here then?

“this vote is basically an offer to MNOs on whether the Dash DAO is interested in funding the Kuva Team and their proposition going forward, or if they are willing to risk losing this project.”

Didn’t you get the memo the last 3 times?

We’re not losing anything. You’re either going to launch with Dash or not, regardless of whether we fund you. This pivot to USDk has been made because you think that kuva has little chance of succeeding if it stuck to the original plan and just used Dash.

Walter
Reply
-2 points,3 months ago
Re-read Triptole’s answer to you Walter. Like properly, as a Trust Protector you should know better.

Perhaps you can articulate any valid business reasons not to fund Kuva? No? Then what is your reason for the sustained detracting?...

People here can see you for what you are man. A triggered kook.

Thanks,
Drako
Reply
1 point,3 months ago
The business reason is that your constantly changing plans and crazy gimmicks won’t work.

You’re competing in a rigged, monopolistic market dominated by EcoNet/EcoCash. They own the technology, the infrastructure, the distribution channels and the on-ramps/off ramps between their payments network and the banks. They have very deep pockets, access to all levels of media and government and an insurmountable competitive advantage which the zim government are all too happy to prop up as long as they get their cut.

You think you somehow have a viable business proposition to go up against the incumbent? The notion is beyond ridiculous.

It’s like going to war against Russia with a water pistol. You’re gonna get laughed at.

It’s cost you $2.5m and you haven’t even filled the water pistol up yet, never mind fired it.

You will need $20m at the very least to even attempt to build a viable “beach head” in Zimbabwe. It’ll be an immense money pit and you’ll bleed cash for years in the process. You are way out of your depth.

Dash can not afford this. Is that a valid business reason?

Walter
Reply
-2 points,3 months ago
Gosh, I guess they never considered that they are competing with ecocash! /s

They’d better pack up and go home.

Oh wait... are we not a challenger tech that will wipe the floor with competitors?

GTFO with your ‘Dash can’t afford this’. Dash can afford $120k a month easy.

What Dash can’t afford to do, is to continue to fund near-worthless grass roots approaches and Dash force news hopium at $30 grand per month per proposal indefinitely.

We need a different approach to adoption, and the Kuva team have a smart plan of how to get there. Let them execute their vision for Dash in Africa!
Reply
-2 points,3 months ago
Personally I believe Kuva has a smart strategy for adoption of Dash in Zimbabwe and Africa.

The voting is neck and neck so far, but I don’t hold high hopes for Dash treasury to pick this opportunity up. If it happens, and Dash funds the pilot.. it will be amazing!

Have to mention. It seems you are still confused about Kuva... USD and Dash was always the plan. You just need to pay attention. As far as pivots go, this wasn’t one of them.

Zimbabwe runs on USD, so of course it will be in the Kuva wallet. Seems like a very basic mistake you are making. Kooky ideologies don’t result in mainstream adoption,... we’ve seen that over the years.
Reply
2 points,3 months ago
Careful now.. some of that content could be tier 1 kDAO classified...

Walter
Reply
4 points,3 months ago
Just to understand your reasoning:
Has the Trust Protector election also been manipulated by "a few kooks"?
Is that - in your opinion - the reason you failed so hard while Walter was elected?
Reply
4 points,3 months ago
Good point, the network wants nothing to do with Drako according to the votes.
Reply
-4 points,3 months ago
Hi Macno,
Not necessarily. I was pitching as an activist MNO on the Trust Protector board, and seems like MNO’s weren’t keen on this path.

But it pays to think about the possibility you have raised; that there are indeed more kooks in Dash than people with business sense, Macno.

Thanks,
Drako
Reply
-5 points,3 months ago
The 900k USD that they received from external sources are not proof of that?
Reply
-5 points,3 months ago
I think Walter missed that. Along with a few other things...
Reply
-7 points,3 months ago
Exactly. This Walter guy is supposed to be a “Dash trust protector” and yet chooses to push out fake thunderdome propaganda instead of dealing in facts.

I suppose he needs to stay in line knowing he was voted in by Kooks and they can vote him out again.

Wise up MNO majority, read his bs and cut this Michael Lewis aka ‘Walter’ guy from the DAO on the next trust protector vote. We need people who know how to separate fact from fiction to protect the DAO.
Reply
4 points,3 months ago
“Kuva will be fine regardless of the outcome of this vote, and Dash will end up worse off by choosing not to fund this project, as it will force the Kuva team to build a launch runway with external (non-dash) funding sources. ”

Smartcash or PIVX would love to have you. So glad to hear everyone will be just fine regardless. Makes this even easier.

“Funds are easy to come by in the crypto space, and this ask is tiny when you think of what they could raise externally.”

Then why didn’t Kuva do this the last 3 times (and appears to be 4th time now) it was rejected by tapping these “easy” sources? Is no one paying attention?
Reply
-5 points,3 months ago
To reply to your supposed concern why didn’t Kuva tap into external (non-Dash aligned) ‘easy sources’...

Drako and team are MNOs, and as such, very dedicated to doing what they can to achieve real-world adoption of Dash and help their investment along.

They want to continue Kuva as a Dash-exclusive business, as signed in their letter of intent, this included raising over 1000 Dash in donations from contributors within the Dash community via the kDAO and also an additional $900K USD in external funding from Dash-aligned individuals.

Your jab with regards to smartcash and pivx is hilarious, as that was where your dash force guru Ben Swann ran immediately after having Dash fund his studio.

Both the Kuva exec and project are currently well aligned with the success of Dash, so pushing them to external (non-dash) funding sources will be detrimental to Dash.

So let’s launch this real project with a real use case, and provide a good runway for Dash into Africa.
Reply
5 points,3 months ago
Total BS. The real reason why external funding hasn’t been secured is because nobody will touch it!

All this nonsense about loyalty to Dash is vomit inducing. There is absolutely nothing stopping Kuva from securing external backing and still using the Dash network as a transport layer.

The only hurdle in the way of receiving external funding is the requirement to actually have a viable business case..

Walter
Reply
-3 points,3 months ago
As above,
Already received over 1M in external funding. Not going to repeat the answer, (see above/below for Ichigo and my answers to your incorrect statements) but I understand that you might have missed this fact...

Funding was attested by DW in case you missed this fact.

Thanks,
Drako
Reply
-5 points,3 months ago
Your paranoia and colourful language is also on ‘level kook’.

We’ve stuck around and applied this external funding while keeping exclusive to Dash. I brought and lobbied the people to change the Dash logo to what you see, so when you look at it, know that fact.

We are loyal to the network as long as the network wants the proposition. It’s clear as day.

Thanks,
Drako
Reply
1 point,3 months ago
There’s no paranoia, just you defaulting to type and calling anyone who disagrees with you a kook.

You’ve clearly got a successful formula for external funding (?) so I suggest you continue down that vein. The DAO doesn’t need to throw more money at this. The proposition sucks, you are nowhere near delivering any kind of value in return, you will require ever bigger funding rounds to keep the wheels spinning and the odds are slim that you ever will deliver meaningful value to the Dash network... Regardless of where the funding comes from.

Walter
Reply
-2 points,3 months ago
Hi Walter

If Kuva’s approach leads to Dash adoption in Africa, the returns to the Dash network would be priceless.

Grass roots approaches have had money aplenty thrown at them, and have not worked.

It’s time to let the professionals do their work.

Let’s back the Kuva team!

Voting Yes
Reply
4 points,3 months ago
What would you accept as a sign, that the network does not want your proposition?
Reply
2 points,3 months ago
If the network votes not to now fund the launch at this stage, following both the success of our business performance, the considerable personal contributions of Dash community members via kDAO and external funding sources totalling c. 2.5M USD, then it would be clear the network doesn’t support the proposition.

Thanks,
Drako
Reply
-4 points,3 months ago
Kuva have a vision for the project which includes deep integration with the Dash DAO.

They also have one of the most solid business cases out of any proposal on the DAO, and a strategy to execute it for the benefit of Dash.

Your comment that they cannot secure external funding is a bald faced lie.

As you are supposedly one of Dash’s trust protectors, it looks bad for you when you ignore simple facts like the $900k, + and 1000 Dash that they already raised in external funding since the beginning of this year, and instead choose to lie and push your kooky line of fake DFN propaganda.

I hope my fellow MNOs see through your kooky agenda and choose to fund the Kuva proposal.

Grass roots efforts have not worked. Go read the description of this proposal for yourself and see what has been achieved by the Kuva team.

I want Dash to be involved in this, and for $100k a month it’s a complete no brainer.

Voting yes
Reply
2 points,3 months ago
What’s it like to be Drako’s pet parrot? Does he treat you well?

You’re taking my comment out of context. I didn’t deny that external funding has been raised in the past... what I question is why you’re back here looking for handouts again? The logical reason is that external sources are tapped out. That’s not a lie. I think that’s a reasonable assumption. Hence my suggestion that you go test your theory that external funds are easy to secure.

Walter
Reply
-2 points,3 months ago
Hi Walter

So let’s get this straight Walter ‘Dash Trust Protector’

You have looked at Kuva’s demo video above,.. you’ve checked out the Kuva team bios,.. and also noted the burning hot current state of the crypto markets,.. and then gone on to make your rediculous assumption that Kuva is all ‘tapped out’?

And you believe this is a logical and reasonable assumption to make?

You certainly lack common sense.

Please double down on this reasoning and let your kookiness shine through bright and clear for all to see.
Reply
-1 point,3 months ago
People not yet in Dash, are also observing how or DAO funding model works.
We have many embarrassing moments when it comes to getting scamming or funding project that yield little to nothing.
Most failed Proposals have been learning experiences, Ben Swanson was on those and truth of the matter is Drako even played an important role in educating others.

I don't understand why masternode owners, are acting this way, for pete's sake Masternodes are likely going to be worth 10milion a piece one day assuming we can get into markets like remittance, grow a tougher skin, and realize not funding this would be wrong choice, none of the arguments against it hold very little merit. Maybe seek some professional help dealing with tough and harsh situations like this.

At any rate we got a potentially Western Union killer in the makings here, the rest of the crypto market this we are absolutely crazy, and keeping their fingers crossed we make the wrong decision.

Just a little side note: None of our detractors are actually talking about KuvaCash, normally they jump on top of very change to put us in a bad light, KuvaCash and they resulting split in Dash discords is absolutely great fuel form them. I am pretty sure they are choosing not to take this change, because it's likely they will show that not funding this would be very bad for Dash, and they don't want people in Dash to wise up to this fact.
Reply
-4 points,3 months ago
Easy yes vote.

Go team Kuva!
Reply
4 points,3 months ago
Given that Dash Retail just passed at a much smaller ask, which will include stablecoin options of its own, how can you justify this ask in a budget this tight?
Reply
1 point,3 months ago
Agenewpickens, by your question allone you should you completely do not understand either project or that not all stable coin are the same or equal.

You should not vote on things you do not understand.
Reply
10 points,3 months ago
As the PO on Dash Retail I would like to make it clear that these are very different products serving very different markets and end use cases. Use of a stable asset in DR is completely behind the scenes as a way to resolve merchants of volatility and in fact, isn't something the merchants touch (they are doing an exchange instantly at point of sale, in the same way bitpay works). You're correct in that we have a modular approach for what we do and I'm sure there is some crossover between the work that the Kuva guys are doing and what we are doing, but in reality it's comparing apples and oranges! Thanks, Ash
Reply
1 point,3 months ago
Hi Ash,
Thanks for clarifying for Agnew, these are different proposition, different continents, different products. All we had that was similar was the POS with hedging to USD but that’s done now for both of us.

Agnew is merely a Dash Force paid employee, and is here to post fud and sea-lion unfortunately. Check out his postings on Thunderdome and you will understand.

Thanks,
Drako
Reply
2 points,3 months ago
And why, unlike Dash Retail, have you chosen to create your own stable coin? How much of your asked budget is being devoted to funding its operation, specifically maintaining its peg? I can see no budget breakdown for this ask that lets voters know where your required budget is going to be allocated. What is the current capitalization of kUSD, is it the primary remittance vehicle for the stated $700K you have been able to remit and why should the Treasury pay for funding a stable coin with no stake in it? There are already a half dozen stable coins on the front page of CMC and several that have had major failures.
Reply
-1 point,3 months ago
Zero of the budget is going to be allocated to USDk capitalisation. That’s not how it works Agnew. USDk is allocates when we hold $1 USD per token exactly as you would expect.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
Reply

Thanks,
Drako
Reply
0 points,3 months ago
So you are spinning USDk out of thin air, how does that work and hold its value?
Reply
4 points,3 months ago
Agnew,
It works that when we receive funds from a user through liquidation of Dash, or from someone topping up their wallet with fiat, tokens are issued 1:1 in relation to reserves held.

That is how it works, and has been answered multiple times. No funds from the DAO need be applied in the creation of USDk other than writing the software (which has been completed a long time ago).

Thanks,
Drako
Reply
-1 point,3 months ago
Haven't you already answered the question of the internal Kuva stable coin? Why use an external one when a lot of them are failing? External dependencies that could disrupt the services of Kuva. An internal stable coin on the other side does not have that issue.
Reply
2 points,3 months ago
But if you don't mind, I would prefer the KuvaTeam answer for themselves.
Reply
-5 points,3 months ago
Answered, so that you may cease your sea-lioning.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
Reply
Reply
4 points,3 months ago
I am not acting as a Dash Force "shill" here, that accusation is patently false, I have been selected by an MNO to do their voting for them, I am acting in this capacity to do the due diligence I have been requested to do, I suggest you do the same.
Reply
-2 points,3 months ago
As above...
Reply
1 point,3 months ago
Correct, thanks Ichigo.
Reply
1 point,3 months ago
Why reiinvent the wheel, and why should the Treasury fund a risky venture, what leads you to believe that starting a new stable coin in a market thick with them is not a risky move and how much of the asked budget is required to operate it?
Reply
2 points,3 months ago
Internal stable coin to be managed how, directed at Kuva, let them answer, sir.
Reply
-3 points,3 months ago
Answered above, and you may stop your sea-looming now Agnew.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
Reply
Reply
0 points,3 months ago
Just LOL
Reply
-1 point,3 months ago
What wheel is being reinvented? It is an internal ledger.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
Reply
Reply
2 points,3 months ago
You are well aware of nothing, even as an internal ledger, it must be backed against some counterbalancing asset, where is the accountability on that, will you open your books on USDk?
Reply
-1 point,3 months ago
Does Dash Retail provide all of the same features and business relations of Kuva? Using 1-2 common points of two different projects is not a fair assessment but you take it a step further comparing their budget as well.
Reply
2 points,3 months ago
Dash Retail will plug into many other projects, the Donnelly remittance proposal is working on integrating Dash Retail into their system. I prefer a more modular approach where other proposals can leverage the work already done rather than casting all our eggs in one basket.
Reply
-4 points,3 months ago
Agnew,
This is incorrect on as many levels as you like.

I will let others respond, but everyone here can see you are merely trolling and sea-lioning on behalf of DF/DFN, shame on you for selling yourself out.

Thanks,
Drako
Reply
2 points,3 months ago
Again, good sir, I am not acting on behalf of Dash Force in my capacity as a voting delegate, I voted last cycle when the DIP3 enabled delegated voting on behalf of another MN and I have the voting records to prove it.
Reply
1 point,3 months ago
Basically, Agnew - everyone knows you are a paid employee of Dash Force and regular anti-kuva troll of Thunderdome. Your credibility is zilch, sorry.

Thanks, Drako
Reply
0 points,3 months ago
They are completely different businesses; different relationships, different proposition, different customers, different approach to literally everything.

Ignore Agnew, he is a DN/DFN troll, sea-lioning as hard as he can.

Thanks,
Drako
Reply
6 points,3 months ago
Why do MNOs have to pass the proposal to see what’s in it?

Why is there a lot of secrecy and a kind “what’s on the other side” intrigue? Specifically related to how you set up trust, beneficiaries, etc.

I feel that for a large ongoing ask, we need maximum transparency and more honesty as to how long you expect the DAO to find you before you’re independently funded.

Abstaining until there’s more clarity and directness.
Reply
2 points,3 months ago
> Why do MNOs have to pass the proposal to see what’s in it?

They don't. He states the milestones for this proposal in the description:

At the end of the three months, provided we achieve funding with the DAO we will have:

- Launched the consumer wallet to the pilot group of c. 100-500 people. We already have over 500 pre-registrations via pre-installs of our app and over email.
- Dash community members will have access to the full Kuvacash wallet (will be activated on a per-request basis).
- All kDAO contributors will have access to the full Kuvacash wallet.
- Software development for Payment Cards integration will be completed, in readiness for Payment Cards launch in October.

> Why is there a lot of secrecy and a kind “what’s on the other side” intrigue? Specifically related to how you set up trust, beneficiaries, etc.

I don't think there is. He answered questions about the trust in the #Kuvacash channel:

"ALL Kuva profits are reinvested into Kuva. There are no equity holders, not me nor James nor anyone involved. I know it seems a bit different but that’s how we make a self sustaining business and permanent organisation that improves itself."
Reply
-2 points,3 months ago
As I have been accused by the team leader of Kuva here as being a Dash Force shill, anybody who wants me to sign a message to prove I am a voting delegate is welcome to DM me in Dash Talk and I will sign and verify.
Reply
1 point,3 months ago
Jump to conclusions much Drako?
Reply
0 points,3 months ago
Why don't you just address my valid concerns, sir?
Reply
3 points,3 months ago
When has Drako has ever shied away from answering questions? He's answered every question I've ever asked, even when I've been skeptical of the project, and indeed the questions of everyone else who ever asked anything in the #Kuvacash channel on DN.

The only exception I've seen to this is when people belligerently harass him about their 'concerns' and don't listen to the responses (case in point: dancefordistribution, go search the channel and you'll see what I mean)
Reply
-3 points,3 months ago
Addressed as-nauseum, and wasting everyone’s time who bothers to respond.

This is you, trolling without any logical reason, politicking as a paid employee of DFN, clear as day.

https://en.m.wikipedia.org/wiki/Sealioning

Thanks,
Drako
Reply
0 points,3 months ago
I am not afforded the option of registering my voting keys here on Dash Central, that I know of, I will cease to respond to your slander, I have other proposals I need to review. My votes remain "No."
Reply
1 point,3 months ago
You aren’t an MNO Agnew, and you are sea-lioning as hard as you can, to the point of comedy; no slander there, those are the FACTS.

I’m unlikely to convince you either way, please do go and review other proposals with the vigour you apply to Kuva.

Thanks,
Drako
Reply
-3 points,3 months ago
You are not an MNO and are a paid employee of Dash Force. FACT.

Dash Force set up Dash Talk in which the endless narrative is to disparage Kuva. Nobody is fooled Agnew.

But try dig yourself out, in the process it is YOU that will eventually realise you’re on the wrong side and have been for a long time. Your sea-lioning fools nobody who is serious about Dash and what Kuva can do for it.

If anyone doubts this, just take a peek in Thunderdome.

Thanks,
Drako
Reply
2 points,3 months ago
This is quite a large ask, but there appears to be room in the budget for it while still leaving room for several other projects as well. As I've said in the past, Kuva's approach represents another model for market acquisition and crypto adoption than the grassroots efforts that have characterized most of our pushes in to target markets over the last few years. The downside is that there is a lot of cost up-front, and that the value produced isn't always immediately apparent or gratifying, but the advantage is that once the project and its product are up to speed, the cost of further acquisition and expansion is hypothetically much smaller, much easier, and much faster. You don't have to go through the laborious process of trying to find boots on the ground and ingratiating yourself with a local community and vetting for potential scammers or underperformers and relying on questionable information and data. If this method performs as expected, it's much easier to transplant in to other locations leading--theoretically--to rapid expansion, and all the while avoiding the pitfalls we've already observed in trying to manage multiple grassroots campaigns.

The other extremely significant aspect of this project is the fully-integrated hedging solution in the form of USDk. This effectively solves--or at least provides a solution for--many of the ongoing discussions about the development of a Dash-backed or Dash-related stablecoin. Obviously there is demand for and utility in having a more or less stable asset in to which users can hedge--particularly where merchants are concerned. When such a solution is employed, it's preferable that this value stays within the Dash ecosystem rather than bleeding out to some other external solution (Tether, DAI, etc), and if value *must* leave the Dash ecosystem, at least passing through it going both ways.

The Kuva project provides this solution ready to go in addition to numerous others which have been identified as useful and important to our target markets (paycodes, paying to phone numbers, physical cash-outs, PoS, etc), and they do so in a slick package where users retain full control over their private keys and with minimal KYC/AML input. It is an elegant solution in a market that fits our parameters with the potential to expand rapidly. The ostensible benefits to the DAO are obvious and immense.

Despite some of the misgivings and bad blood haunting this project, it has nonetheless come through on its plans so far and achieved its goals on the road to full launch. The results they've achieved in pre-launch have been quite impressive. I would like to see that momentum continue and finally give this alternative model of market penetration and adoption a shot. Instead of going door to door only to achieve a few dozens transactions daily with questionable reporting and value to the network as our grassroots efforts have unfortunately languished month after month, why not see what a comprehensive, professional, technological solution can do?

Despite significant obstacles, this project has made it this far. Let's see it through to launch.
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3 points,3 months ago
This was unnecessarily elaborate and painful to read, Arthyron. We will still think you're intelligent if you said all this in 4-6 sentences or at most two paragraphs. Please take that as constructive feedback (on Discord too).

I do agree that integrations and tech are better than our recent and very expensive merchant adoption efforts, as they have not panned out. But you kind of glanced over the PO's past behavior ("misgivings and bad blood"). IMO it's inexcusable, unprofessional and has no place in the DAO after seeing the recent interactions with agnewpickens in this thread.

He even threw personal insults at solarguy and Mark Mason without provocation recently on Discord (where's there no moderation). Both highly respected members of the community.
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1 point,3 months ago
@cedbrown - That's just the way I write, and it's terminal, I'm afraid, not going to change.

I don't really lend much weight to the interpersonal conflicts in the community or really even the "community" as an entity. There are many actors and behaviors and ideologies within the DAO that I find reprehensible and abhorrent, but most of them don't have a pragmatic impact on the technology or its capabilities, so they're mostly a distraction when it comes to my duties as a MNO. I'm concerned with the advancement of the DAO and its impact on the planet. That means I have to frequently ignore and put aside my personal disagreements and misgivings to do what I believe is best for Dash and advocate to that end.

I believe that the Kuva project checks quite a few important boxes for Dash and that the team is capable of carrying through their goals and facilitating those needs that I believe the DAO has as outlined in my unnecessarily elaborate and painful post. Internal squabbles (since the PO is also an MNO and not some external business entity) and politicking and tribalism are pretty much irrelevant to me.

What is best for the DAO pragmatically? That's what I care about. Depending on your priorities, you may have a different answer. That's fine, happy to discuss the ordering of our priorities, but that may be beyond the scope of this discussion.
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2 points,3 months ago
Assuming the DCG proposals pass, that leaves like 950 Dash remaining with ongoing proposals and DCG, I would rather see the remaining funds distributed more evenly among other deserving proposals than risk the bulk of our remaining Treasury funds on Kuva. Voting "No"
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-4 points,3 months ago
Hi Agnew,
We’re aware you are a persistent detractor, and employee of Dash Force/News. You are also not an MNO here so you do not share the incentive others have of seeing an important project through.

You were sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
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2 points,3 months ago
I am a delegated voter who has a stake in the outcome, nobody from Dash Force "sent" me here as I do not work for them in my capacity as a delegate, why don't you answer my questions instead of attacking me?
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0 points,3 months ago
I rest my case. Thanks for your honesty, not an MNO and a paid Dash Force employee.

Your sea-lioning questions have been answered in enough depth by me and others in the community who can see what the benefit is of Kuva to Dash. You and your employers Dash Force News have zero valid argument, and are here to further your politics which is actually damaging getting Dash adopted. We can all see this.

Shame on you.

Thanks,
Drako
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0 points,3 months ago
Kuva needs to come back with a more reasonable ask, especially given their lack of transparency.
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5 points,3 months ago
What do you think they need to be more transparent about?
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2 points,3 months ago
And passing this prop guarantees no other decent sized props can seek funding for the next two cycles as well.
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2 points,3 months ago
Do the math, we fund Kuva and maybe one other good sized proposal beside DCG, does that sound reasonable?
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5 points,3 months ago
Here is the breakdown:
There are 11 multi-month proposals that are currently in funding (totaling 1370 Dash)
DCG has 2 proposals that are not yet funded but are basically shoe-ins (totaling 3441 Dash)
Kuva is requesting 745, so assuming all of the multi-month proposals pass and if Kuva passes, this would leave 179 Dash left which might be enough to fund 0-2 of the additional proposals depending on their size. Also I am not sure if DashWatch is going to submit a proposal this month -- if they do then that would probably be about ~100ish.

The Latam/Venezuela proposals this cycle are technically not ongoing but since they have been funded in the past, they are kind of like requests for renewal.
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-2 points,3 months ago
Hi Agnew,
A lot of fud. Plenty of room for further reasonable proposals.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
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1 point,3 months ago
At this point, it doesn't matter as the ask is ridiculous. Fund Kuva and kill just about every other new prop, there simply isn't enough room in the budget, even if Kuva put their cards on the table, they need to do some basic math around the reality of the Dash budget first.
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-2 points,3 months ago
Hi Agnew,
We ensured the ask is there so that all other reasonable proposals can pass - please take another look.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
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-2 points,3 months ago
Hi Agnew,
We are are the most transparent project in Dash - also having been attested and in-person audited by Dashwatch, and passing perfectly on multiple occasions.

In fact, we disclose more details than your employers in Dash Force.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
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2 points,3 months ago
Shame on you for resorting to ad hominem rather than addressing my questions.
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0 points,3 months ago
Hi Agnew,
I will repeat my answer and also reiterate the fact that you are a paid troll of Dash Force News.

We are are the most transparent project in Dash - also having been attested and in-person audited by Dashwatch, and passing perfectly on multiple occasions.

In fact, we disclose more details than your employers in Dash Force.

Also, we are all well aware you are a not an MNO and are a Dash Force/News shill, having been sent here to fud one of the most important projects in Dash. Shame on you...

Thanks,
Drako
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1 point,3 months ago
Non-responsive, ad hominem attack, you have not responded to my criticisms regarding your ask nor how much of that ask is required to fund kUSD and maintain its peg. The questions remain.
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0 points,3 months ago
Question was answered above, you did not read the answer. It is a FACT that you are a paid shill and troll of DFN and not an MNO. That is not ad hominem at all, please get your facts straight.

Ad hominem is an attack where I would call you a name, without addressing what you raised in your sea-lioning.

Thanks,
Drako
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-1 point,3 months ago
You have my support.

Is it expensive ? yes. But i do see the value this could bring to Dash.
Good luck.
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0 points,3 months ago
I want to give kuvacash a go. I know they got into some disagreements in the past, but I am a fan. I was very disappointed when they failed last time. I've taken the time to read about what has been done and what needs doing, I want it. I'm voting yes.
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0 points,3 months ago
Hi Kevmate,
Thanks for the support, very much appreciated by all of us here, and we will get this done no matter what!

Cheers,
Drako
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13 points,3 months ago
Now we should spend well over 2200 Dash for 100-500 wallet installs.
And then? Will we have to spend another 2200 Dash thereafter, for a second pilot group? And 2200 Dash for a third one?
And maybe another 10000 Dash for the official release to the public?
I'm sick and tired of this shit.

With all due respect, but what we MNO's have seen in the past from Kuvateam,
THERE IS NO FREAKIN END IN SIGHT WITH YOUR EVER-RECURRING FUNDING REQUESTS !!!!

If you want your proposal being voted through, tell us MNO's a honest and binding answer to this:
HOW MUCH DASH UNTIL OFFICIAL RELEASE ??
AND HOW MUCH DASH FOR UPGRADES AND MAINTENANCE AFTER OFFICIAL RELEASE ??
WHAT IS THIS GOING TO COST THE DAO LONG-TERM?

Until Kuvateam doesn't properly inform us about WHAT THIS PROJECT WILL COST US UNTIL RELEASE AND THEREAFTER, we should be very cautious with granting DAO funding.
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-3 points,3 months ago
Hi Gonzo,
Correct, this is funding for the pilot, it’s not possible for us to go from zero to 10000 wallets operationally in this time, we are staging as you would expect.

We are now at the stage where we will progress with a pilot to ensure our operations are robust before we scale in stages. This is normally how it’s done when rolling out a proposition like this; we need to get it right and operationalise appropriately before we go large.

Anyway, we will always be transparent about costs, financials and milestones, as we have done so since the inception of the project.

Presently this is a $2.5M USD full solution and a powerful business proposition behind it. It has taken a team of 30 just over two years to develop, and has the potential to land Dash with real impact, in a place where it makes sense to users.

Thanks,
Drako
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-5 points,3 months ago
The same could be said of the venezuala proposals no end in sight many years later.
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7 points,3 months ago
None of them past last month iirc.
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-3 points,3 months ago
That only because they got caught red handed due to fraud.
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2 points,3 months ago
Exactly. I'd rather fund one expensive proposal that has significant impact than tens of cheaper proposals that achieve very little.
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-4 points,3 months ago
Would the same objections exist if the DCG had taken on a project to build a much needed service and an independent income stream?
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2 points,3 months ago
No, there's a group of MNOs who have taken a personal dislike to Drako and now nitpick about literally any tiny detail they can find that might be wrong with this proposal, while not applying anything like the same level of scrutiny to other proposals. Look at agnewpickens in this thread trying to pick holes in kUSD and acting like his questions haven't been answered when they have.
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1 point,3 months ago
***
Hi MNO’s,
The proposal text on D.C. seems to be cut off under the demo video on Firefox browsers at least, not sure what the issue is but it is displayed in full on Dashnexus - the link is here:

https://app.dashnexus.org/proposals/e6350ae6-f5ce-443e-860b-2b8b7a2cfdf6/overview

Thanks,
Drako
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-2 points,3 months ago
One of Dash's flagship projects with a clear use case and benefit for the network, and track record of delivery. Easiest yes ever. I wish there were more proposals of this calibre.
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0 points,3 months ago
Thank you for the support technoir, much appreciated!

Cheers,
Drako
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