Welcome!

Hello, Good day. Are people allowed to steal other people proposals in Dash? Because someone just did. This very date:2018-03-12 i had a proposal that passed and was funded by the DAO: https://www.dashcentral.org/p/project2million. We had an escrow body in South Africa then and the escrow operator went very sick and till today we where not able to get the funds to execute the project.

After two months or so we dissolved the two team in Nigeria and had to form a unified team in Nigeria called Dash Nigeria you can view the structure of the team here: https://www.dash.org/forum/threads/we-making-our-own-dash-nation-public-announcement-to-mnos-and-dash-community.41069/#post-199107

After then the Software Development team have not been able to proceed with Execution. We have invested over $35,000 in seeing this project come alive. @DashwatchTeam requested for every vital information needed we showed them everything from the Ride sharing and all. We are still in debt with our developers from the Uber integration to the flight and all.
You can see the Uber integration work here: https://youtu.be/MIngCk7ZtM0

We where contacted by about two MNOs that our project have been stolen and every feature of our application have been replicated.

This is total intellectual theft from Nathaniel Luz. You can view this interview to show that he was fully aware of the application and every internal work on it: https://youtu.be/ki69KDdvqgo

What we promised was a website but we took our time to bring out not just a website we developed an andriod App and also worked on an IOS APP we also developed an alternative way of saving Dash In Nigeria where Africans can save between 1-5% of their monthly income in Dash. We have an active pre-proposal here:https://www.dash.org/forum/threads/dash-global-utility-for-dash.40977/ but due to a lot of financial issues we where not able to drop our proposal since the last one failed.

http://altsavings.com/ before the proposal failed. You can read the report from Dashwatch Team:http://bit.ly/DWNigeriaMassAdoptionSEP18 Am writing this for everyone to know that Nathaniel Luz betrayed the team and he stole my work when i am the patent holder of this application: https://dashcart.app/

This proposal: https://www.dashcentral.org/p/nepsium-supercharging-the-dash-ecosystem is a stolen work from the UI/UX design. He lied he has a development team but it is a total lie. He has zero knowledge on application development and all is team that he listed are all lies also Dashwatch should please contact every person listed on this proposal Alexis Ahmed doesn't know about this proposal or his name being used here.

The DAO have already fund this very application Nathaniel Luz only wants to defraud the DAO by stealing my application and claiming intellectual right on it.

According to Nigerian Copyright Act 2004 criminalises intellectual property infringement and theft, there are no provisions catering to violations in cyberspace.

If the DAO allow this proposal to pass then the DAO is supporting theft. I have all my patent documents of this application if anyone decided to request for it.

Nathaniel Luz have zero experience in application development and management he was only lying about everything about this proposal. If anyone have any futher question you can reach out to me on DashNation Discord: Juwon123(Nigeria Software Dev)#5828

The proposal owner have zero integrity he has been doing this for long. He stole @cryptolib proposal some months back also and now it is my own proposal.

Regards: Ogunseye Oluwajuwon Micheal (Dash Nigeria Software Development Team Head)

Dashwatch is currently investigating this and will issue a statement regarding it.

Meanwhile, the allegations are false. Thanks.

Common people, lets give Nathaniel some support on all his teams efforts!

Hummm I just read below, I would have to check this out myself, but I'm skeptical...

We're expecting the Dashwatch report soon on the issue. Thanks for your support.

Hello Nathaniel Luz! We should be talking about your proposal soon. Thank you sir.

This now has my support as they will be reusing dash core libraries greatly improving the feasibility of the project. Honestly for me just having "Build the plugin for existing Dash wallets" (read Nathaniel's comment below) would be a great and easily measurable achievement.

Dash Watch May 26th 2019 Report on
Dash Nigeria BizDev by Nathanielluz
https://dashwatchbeta.org/r/MAY19/dash-nigeria-bizdev--merchants-may---jul

Nathaniel has been with us with the Nigerian team for so long, and they've been working on spreading the use of Dash relentlessly for so long, that I'm supporting this effort. I really don't know what it takes in Nigeria to accomplish what they are trying to do. Neither does anyone else, I'd reckon. But I'm all for supporting people who have shown they are persistent and I feel we've given so much more free rein in Venezuela with great results, that it's time to give the African teams some support. Please support this project.

5 steps to launching the Nepsium wallet!

1. Build the plugin for existing Dash wallets
2. Launch it
3. Fork the dash wallet
4. Build in into Nepsium
5. Release + testing + launch

Nepsium will have Dash functionalities such as Instantsend, Quorums, etc.

Updates:

1. Over the last couple of days we have had some very constructive calls with Quantumexplorer and other Dash core wallet developers in which we have agreed in conclusion to release a plugin with the nepsium marketplace for the Dash core wallets first. We will focus on a fiat onramp first, similar to how Uphold is currently integrated in the android wallet. This will quickly bring value to current Dash users before we release our full solution.

2. We have determined to build our full solution on top of forks of the Dash core wallet. This allows us to leverage the work already done by DCG. We had also evaluated to use Dash Copay or Edge wallet as our basis, but these either carry too much technical debt or are lacking Dash’s quickly evolving feature set.
We still strongly believe in the long term advantages of having a multitude of specialized wallets in the Dash ecosystem.

(3. Another Dash community member has reached out to us who has done a similar project before and wants us to cut functionality previously proposed by him. His project is no longer active. We want to make our response to that public. We don’t believe an in-app marketplace and services aggregator idea is protectable intellectual property. Similar to launching a new exchange its not the idea that is valuable, but the execution. Based on that we rejected his demands. We are however open to discuss collaboration after the storm has calmed down or even competition, since we believe adding diversity to the Dash ecosystem will make the pie bigger for everyone.)

The following are some FAQs and their answers:

Q: Your proposal seems to ambitious, can you deliver that?

A: We will leverage the libraries and wallet fork from Dash core. This will allow us to leverage their previous work and focus on new Nepsium functionality.


Q: Do you have a qualified developers team for this project? Is the Dash Nigeria team the right one for this project?

A: Even though this proposal was designed with the on ground adoption experience of Dash Nigeria in mind, this project will be implemented by a team, which has not previously worked for the DAO. The team has successfully developed other cryptocurrency applications before and is up for the task.


Q: The budget appears unrealistic to keep the team funded throughout the project?

A: There is significant pay gap for developers in Nigeria compared to their first world colleagues. This means we can deliver this project with significantly less budget that it would otherwise cost. Since our developers believe in the project we can also offset part of the salary expenses by paying in equity, which is common practice in startups.


Thanks for your support for the Nepsium project.

Nathaniel Luz

You have my support, good luck.

Thanks for your support. Expect amazing results.

Regarding the business model:

- How does this service generate revenue? Are there multiple revenue streams?
- what is your projected gross and net profit margin once operational? Happy for you to exclude one off and start up costs from this calculation.

I want to understand the nuts and bolts of how this service will be sustainable once we’ve bootstrapped it to release.

Regarding equity:

10% equity in return for $45,000 investment puts a value on this idea of $450,000.

- what do you have right now that can demonstrate $450,000 of value at this stage?

- who owns the other 90%?

- are the other investors providing similar levels of seed capital? Or is the dash treasury Providing ALL the capital in return for 10%?

Thanks

Walter

Hello Walter,

We are coming to the Dao at this point and at this valuation because Dash will not only profit from the equity offered but also through the long term sustainable switching incentives we will provide for those who are currently spending other coins or even fiat rather than Dash.

Me and my team have been working on the project since late last year, contributing serious effort and human capital to get this to the stage where we are right now.

We have put prelaunch agreements in place with companies that don’t currently accept Dash on their main sell channels but are interested in serving the Dash community in the segregated fashion we are proposing.

As we will be offering incentives and DashBack we believe our service will be appealing to most Dash/crypto users and even other cost sensitive customers from launch onwards. We know that such incentives do work and lead to considerable growth, which we have anecdotally also heard on multiple occasions from Dash Core Group and other teams who have offered similar programs temporarily.

We project to launch with 4 different services; remittances, gift cards/mobile top up, travel and fiat/crypto brokerage with our partners.

We will have revenue streams consisting of affiliate and resell agreements from these sectors and the gross margins really depend, from as high as 10% in travel to just ~2% in remittances.

As an example there are $25 billion in yearly remittance payments into Nigeria alone, with 9.5% fees on average. because we use Dash we will be able to offer a significantly cheaper service, capture market share and potentially cross sell other services on our platform, once the user has received the remittance .

Standard Dash transactions will not incur any cost.

Our cost post launch costs and therefore net margins will depend greatly on how much growth capital we can attract. We can start slow, building out the service with 4-5 team members and minimal operational expenses only and rely on organic growth or can scale up incentives, the team and paid marketing. We’re in talks with multiple VCs, that are interested to participate at a later stage.

The equity will initially be split between DIV, founder, partners and the team, to offset part of the salary costs as well as incentivize the team for long term growth.

Founders 30%
Capital reserve 30% (for the company in the future)
Dash DAO 10%
Developers 10%
Partners 10%
Advisors / Team 10%

We believe the switching incentives to Dash alone would justify an investment by the Dash Dao.

Should the DAO build an easy to use accessible platform, that can offer incentives without coming back to the treasury forever, while also providing an interface for new Dash businesses to interface with Dash users? We believe yes. With equity in exchange? Even more.

Happy to discuss any follow up questions.

Hi Nathaniel,

Thanks for the reply, I understand what you are saying with regards to equity but I do think you are undervaluing the contribution Dash would be making on the terms set out.

It sounds to me like your business model will only be able to generate such large profits due to the competitive advantage the Dash network can provide you with super low fees and the support and resources of the DAO treasury and wider community.

The idea that you will look to onboard VC at a later stage (and already have had talks with interested parties) is quite disappointing. It seems like you want Dash to take all the risk for 10% and then water down our already minuscule stake as soon as the venture becomes profitable.

VCs aren't stupid so why are they not interested in buying equity at this stage?

Thanks

Walter

Hi Walter,

Of course we will build our service on the money which we believe to be the best and will make our business the most competitive in the short as well as in the long term.

Dash profits in multiple ways, by increased utility though our app, through the Dash switching incentives we will be able to finance from profits, which benefit both Dash and our platform as well as the stake of equity offered.

Unfortunelty not all VCs are comfortable investing at every stage of a new business. As you might imagine, the VC infrastructure here is not quite as build out as for example in the US or europe, but we're keeping our eyes open and assessing any new opportunities.

Of course we will minimize dilution and not offer future equity at the same conditions as now, as after launch this venture will be significantly derisked. Dash again profits by attracting third party capital, to grow what is essentially a Dash exclusive service. And of course we will offer follow-up opportunities to DIV, should the Dao look to maximise its stake.

We view this as a Win Win Win situation.

Thank you for the response and answers Nathaniel. Much appreciated.

Thanks

Walter

What risk? This isn't shark tank. The Dash treasury is not to be conserved there is no risk at all here. And there is no justification or guidelines for withholding funding support due to arbitrary paybacks or the lack thereof. Look, as MNOs we have a simple job. Vote YES to projects that need funding to spread Dash and Vote No on projects that fail at that goal or we think will fail at that goal.

By being pathologically skeptical, you only ensure that no good proposals will ever pass and only bad ones will get any press. All proposals have a risk of failure, but none of that risk is borne by anyone but the proposal operators. If Nepsium fails to deliver on their stated goals who is hurt by that? Nepsium. They won't get funding the next time and the team is forced to disband.

But even in this scenario there is no risk for the Dash network. We have spread tens of thousands of dollars of Dash liquidity to Nigeria. The money doesn't belong to anyone and the increase in transactions and hodlers who are incentivized to see their portfolio grow far outweighs the inflation the coins bring from not remaining uncreated instead.

Let's face it and be honest, there is no justifiably rational, good reason to not support this proposal and the others like it. Pathological skepticism is not a valid argument or even thought process for this job. We need to be willing to take 'risks', even though there's no real risk to us. The system is designed to encourage spreading Dash to decentralized teams as easy as possible. You don't want to be the guy standing in the way of that do you?

walters is asking legitimate questions and Nathanielluz is doing a good job of replying. Let's chill a bit here.

I don't agree that his questions are legitimate. My contention is that his questions are coming from fundamentally the WRONG place. Again this is NOT shark tank. Nathaniel can reply and speak for himself, just as I am. My opinion is just as important as his, walters or yours so with all due respect, it is you who should chill out a bit here.

I have to say that while I like the idea and the goals, I have doubts about the feasibility of the aggressive timeline. I also would prefer decentralized solutions, and I see that most of your devs are backend. A second problem is that you to the best of my knowledge don't have experience bringing a software project like this to term. You seem to have done great things in terms of Dash in Nigeria, but this is a completely different set of problems to overcome and I wouldn't want someone leading it who didn't have at least 10 years of experience behind them.

I don't just want to criticize though, as I really do think that a lot of the problems you say exist. And I commend you for trying to figure out a solution to solve them. I think you would just do a better job solving one problem at a time. For example start with fiat onramps in Nigeria (and maybe surrounding countries), and do a pull request to the buy/sell dash sections of the mobile wallets. Anyone can contribute, and once your dev team has shown worth to the network and proven they can effectively deliver quality stable code you can come back for a different project.

Hello Quantumexplorer,

Dash Nigeria has integrated a lot of crypto exchanges in Nigeria with Dash, closing in on full Dash coverage on Nigerian exchanges. We are currently branching out to payment services and other high value integrations built on the foundation we have been working on in the last 7 months.

My work with Dash Nigeria will not stop with this project, however this new proposal will solve multiple problems for the adoption of Dash here and worldwide as described. Our proposal is aimed to solve real world hurdles experienced by working on promoting Dash full time.

My team and technical lead have implemented similar projects on a similar timeframe and have a long experience in doing what they do. My role is in high level management and business development.

Our timeline is aggressive but feasible, as the Dao can expect of any team serious about capturing market share for Dash.

Regarding decentralization, we’d like to see that too. We believe there to be a business case for both. A semi-centralized solution like ours, where multiple services are integrated and can be independently incentivized and a decentralized one as a fall back solution. Please note that upon Dash evolution marketplace release we will be able to integrate the full Nepsium ecosystem in one go, providing massive initial utility.

Our wallet however will be non custodial.

We hope to win your vote and are open to discuss any follow up question.

Thanks.

Integrating a crypto exchange and software development are not the same thing. I can see what your proposal is aiming to do, and I also really believe that you think that this timeline is feasible, I just really have doubts it is. It's simple really, you have 12 people on the team, so I'm guessing most devs would be earning 1k a month. A dev that is taking 1k a month isn't at the level needed for this project for this timeline.

The truth is that I would love a team to tackle extra features in our mobile wallets for Nigeria (and other places). We want there to be a marketplace inside core mobile apps for actions like buying and selling Dash and mobile topups and many of the things you said. I'm sure you could even work out a business model that generates profit.

However what I'm currently seeing in this proposal is basically offering so much in so little time with so little expense that it is seems very unfeasible. What I see happening here is what has happened so many times if this gets the funding it needs. It will go on for 3 months, you will miss your deadlines a little bit, and what you have to show will lead to the next 3 months being voted down.

Hi Quantumexplorer,

I have hand picked the team from a wide network of crypto industry contacts I have been building by being involved in the blockchain industry for multiple years, since 2016.

There is no team or founder absolutely perfect. Perfect is the enemy of good and Dash will miss out if it waits maybe even multiple years until an even better team comes along.

Dash needs more utility accessible in an easy and sustainable way and my team can build this, as they have done with multiple other cryptocurrency applications before.

Regarding salaries. There is a gap between developer pay in Africa and the first world. Even more my team members are firm believers in the project and they want to see their home continent financially empowered as soon as possible and are therefore willing to work for even less than what they would otherwise be able to get. The team is the perfect fit for Dash in the current treasury environment.

And even if we miss our timeline by some little margin, this proposal still has the potential to add value to the network.

Respectfully, we are currently not interested in working on the core wallets. We believe in a diverse ecosystem of wallets with distinct niche usecases. Our solution won’t be any more centralized than other wallets, it will just have a multitude of utility services(which are themselves centralized ofc) plugged in.

Correct me if I’m wrong, but that’s also the guided strategy of DCG, delivering reference wallets while letting the market build more specialized solutions.

Thanks again for your interest in our project - Nepsium.

Honestly, I don't think its our place as MNOs to second guess whether or not a team can accomplish a given task. Respectfully, I think our only job is to verify that weren't not being 'defrauded'. That's it. We shouldn't place limitations on the success of teams that are shooting for the stars in order to spread our adoption. I hear and understand your concerns, but if we don't try how can we accomplish anything?

How can we see what works or doesn't work if we don't even give it a shot when we have the chance? They are not asking for much money at all, and we have the budget, it is our job to fund them IMO. Regardless of whatever concerns we might have about the possible feasibility. I mean, if it was asking for 10 million dollars to take over the world yeah, of course this kind of criticism is warranted.

But they are attempting to run a DAO in a 'third-world country', paying independent talent in order to develop software for the Dash network. I mean come on man, this is what everyone always complains that we as a network need. People with talent and skill ready and able to be employed and paid in Dash as a salary. And here we have distinguished community members like yourself, casting doubts upon these efforts preliminarily. Again, I say with all due respect.

Dash Nigeria has been working for us on the ground for over two years and I ask you, when have they failed us? When have they failed us and not grown from the failure? Have you been on reddit? Have you seen the viral twitter coverage and steemit posts and broad reprinting of Dash Nigeria and Nathaniel's work in general cryptocurrency news publications? Trust in the teams we have funded! We can't accomplish ANYTHING if we are always second-guessing ourselves. We need to wholeheartedly believe in those who have worked for us and give them our support.

Countless shitcoins have masses of ignorant minions clamoring to support their coin in some concrete but unfortunately limited fashion. Because they are unable to contribute their are relegated to moon and lambo talk and tea leaf reading using TA to gin up interesting topics.

BUT NOT DASH. We have power. We have economic power, which is the only power that matters. We have the ability to directly support our own growth just by clicking a 'Yes!' button. We shouldn't take this power lightly but we shouldn't hesitate to use it at the same time. We must strike while the iron is hot. We have the budget, we can afford it, let's put our whole effort behind these teams and trust in Dash Nigeria to provide the results. If they fail, THEN we can use that as evidence to scale back future proposals and activities.

"it is our job to fund them IMO" -> It is not our job to fund them, it is our job to do due diligence. As someone with over 8 years of experience leading software teams I feel like it is my responsibility to bring up my concerns.

I am not against this team working on the problems they have outlined. However I am against them building a closed source centralized service and claiming it will solve all of Dash's problems in a matter of months.

As to the Nigeria's team capabilities, if I saw this coming from the top software team in the world I would already find it an unrealistic timeline.

" It is not our job to fund them"

IMO it is. Why do you think we shouldn't? What purpose do you think we the MNOs serve here? Our only job is to make sure we're not being defrauded. Everything else that has a chance to succeed should fly through with no more questions than those asked by the third parties we hire to check these things like Dash Watch.

All of your arguments for voting No have nothing to do with your job as a MNO. We're not here to be political, or to scrutinize or babysit teams. We're not here to engage in technical discussions with core or to tell Business Development how to do their jobs. We are here to make sure that genuine teams working for Dash and not to subvert it get funding so THEY CAN TRY their best to spread Dash.

Withholding funding for a proposal because there is a chance of failure is not legitimate behavior for a MNO. Neither is nitpicking or standing over the shoulders of teams that are on the ground risking their time, capital and energy to spread mass adoption of our community. Already these efforts are taking fruit with nearly 20,000 transactions per day, up many times from before when we averaged 6-7k per day.

Again it is not our job to evaluate how capable anonymous developers are or not. Our job is to give them an opportunity, if they succeed we give them more, if they fail we find someone else. What you and most of the other 'no' voters are arguing in here for is to not give them a chance at all. Despite all the business integrations, daily transactions, and exchanges they've already delivered.

How can you possibly explain that behavior?

I am the mobile team lead for Dash Core, and as such I have a pretty good sense for how long these items would take. I'm not trying to be negative, I'm just voicing my concerns, and I think every masternode owner should that is in a position to do so.

I have seen a lot of projects have a lot of issues because they didn't understand the challenges they would face. My goal here is not to get other masternodes to vote no, it's to open a discourse so that if this project does pass it has the capacity to succeed.

After talking with Nathaniel I got a very real feeling for his passion and desire to launch this product. Me and Nathaniel will be having another conversation tomorrow, hopefully we can find a way to have his team use or reuse components already built on the front end and hence increase the feasibility of the project.

Well, that sounds like the optimal outcome for all involved.

My apologies, this proposal is for Nepsium and their team, it is being spearheaded by Nathaniel Luz who also is leads Dash Nigeria. I was speaking too loosely before.

This is a different team than Dash Nigeria, experienced in developing cryptocurrency applications.

Nigeria is currently one of the biggest untapped markets of developer talent. Many well known enterprises are rushing in to take advantage of the opportunities the local workforce presents.

The solution is not centralized as users will hold their own private keys. We're also determining when and which components we will ultimately open source.

We have never claimed to solve all of Dash's problems. We will combine Dash services in one place and with that create an attractive new market for new Dash businesses .

I'm voting no. The scope of this project is all over the place IMO. It needs to be tightened up significantly

Hi mikenewhouse,

Thanks for your interest in our project.

The project represents a wallet with utility services plugged in. The codebase for the business and consumer wallet will share most functionality, but it makes sense to segregate business specific functionality from consumers. We believe this to be a well defined project scope.

Could you please go into more detail of what you'd like to see tightened up?

We will share design mockups very soon, which will make the proposed service significantly more tangible.

This part,

Outsourced to another but essential application we will offer POS capabilities, reliable Dash/fiat hedging, easy Nepsium marketplace access and business analytic services for merchants and enterprise users.

For our proposition to make sense we need to give merchants access to it.

We’ve added the POS to the roadmap based on real and significant problems we (team Dash Nigeria) are experiencing in onboarding merchants almost every day. That capability is non critical for the core platform and will be prioritized accordingly.

Similarly the business analytics are important but we could launch with just a bare bone version of it.

The fiat hedging will essentially be the same as dash/fiat for consumers.

Thanks.

I vote no, it smells like paperware. Can you please supply any track record of your team, or something tangible?

Hello,

Thanks for your interest in our proposal.

I am Nathaniel Luz, and I lead the Dash Nigeria Business Development Team. We've been in operations since 2017. cryptobriefing.com/amp/dash-nigeria-bitcoin/ is one of several articles about our activities.

We also have other metrics such as integrating Dash into gigalayer.com, Yellowcard.io, etc, several wallet downloads and events, among our records.

Currently the only funded Dash team in Africa, we decided to embark on building the missing infrastructure to escalate the use and adoption of Dash in Nigeria that can also be replicated in other countries.

The developers for this project are experienced developers who have built such apps previuosly. We cannot publicly name them due to NDA, but we can say about them in private conversation. We have also shared some details about them with some community members on discord via pm.

Our cybersecurity expert is a reputable figure in his industry with over 200k Youtube subscribers.

I'm available for any questions. Thanks.

Nathaniel Luz
Dashnigeria.com

I have to vote a solid yes on this proposal. Normally I would write a comment highlighting the dramatic work that Dash Nigeria has managed to pull off over their long history of on the ground footwork for Dash adoption. I would wax philosophical about how all the exchanges, and new transactions, and business integrations that Dash Nigeria brings, and is promising to bring with this new proposal, how all of this benefits the network and thus justifies your following me with a 'Yes' vote.

I could tell you that this proposal is exactly the kind of proposal that we need to rapidly solve the key problem of low local liquidity in countries where we seek to massively grow Dash adoption. I could even make the argument that the 10% equity in the company is a really sweet deal that, with Dash Nigeria being a real growth zone, could turn out to be very financially lucrative for us as MNOs and the network as a whole.

But I'm not going to make any of those arguments today. Not because they're not true. Because they are. But because they've been done before, and they're just as true now, as they were months ago when we all voted 'Yes!' for Dash Nigeria. The argument that I'm going to make today is a simple one that applies generally to all of the proposals that are coming up. We have a **duty** to vote 'Yes!' on proposals that we can honestly, objectively determine hold even the promise of increasing ROI for ourselves and other masternode owners and stakeholders alike.

It is our responsibility and sole duty as Masternode owners to use our 'Yes!' votes and 'No!' votes, not for political purposes or subversive means, but to forward the mass adoption of Dash in the world and greater cryptocurrency ecosystem. We can only do but so much posting online and on reddit and on here. But what we CAN DO is DO OUR DUTY and vote 'Yes!' for proposals that offer us the opportunity to grow our global reach and daily transaction volume.

Nathaniel and his team have already proven time and time again to get the damn job done. Let's support them and give them the funding they need to bring this fight home and further increase the ROI for the network. The only way we could screw this up, is to stop funding teams that are doing the legwork that we're all, let's be honest, too lazy to do.

Teams like Dash Nigeria, Dash Venezuela, Dash Thailand and Dash Haiti (on hiatus) are the foot soldiers and combat engineers that build the infrastructure for our media arms to create positive content that creates the feedback loops that powers our adoption and grows our clout among the greater cryptocurrency community. I'm sure you've notice if you've browsed youtube, reddit and other online comment boards, that Dash is treated with much more respect these days than it has been in the past. Do you know why that is?

**Because we have had more than TWO YEARS of decentralized, grassroots teams like Dash Venezuela and Dash Nigeria working hard for us producing a steady stream of viral argument-ending content!** Who is king in Venezuela but Dash? Who has the most global store acceptance but Dash? Who has the fastest transactions, the best privacy, the best goverance if not Dash? Well, the only reason people are interested and finding out about this is because of TEAMS LIKE DASH NIGERIA! We all saw the article that Nathaniel wrote that got over 10k views.

We need more of that kind of viral content to have a repetitive drumbeat of Dash success stories. That's how you change hearts and minds. So vote with your mind, and more importantly your wallets and VOTE 'YES!' for Dash Nigeria, Nathaniel Luz, and the Nepsium team!

The budget is already tight this month and you already have a funded proposal, I am afraid I am going to have to say "No" on this as there are other proposals I want to see pass.

The last budget passed with room to spare, and the recent price increase has given us much more room than back then. Perhaps you could reconsider?

The recent price increase means that your ask is now higher and you can come back next month at a lower ask.

It is not my ask. I'm throwing my support behind Nathaniel, Dash Nigeria and now the Nepsium project and team because I believe they are going to open the gateway to turning Nigeria into a Dash country, and perhaps surrounding African countries as well.

Why would you want them to have a 'lower ask'? We have seen the conferences, the comprehensive seminars with Dash giveaways, the viral tweets and articles and steemit posts giving voice to Dash being a solid player in Nigeria. We see all the evidence of this adoption, so I must ask why would you want to withhold funding from this new team?

We should reward those successes that we want to see more of. Deliberately downplaying and trying to undercut those teams that work for us will only result in anti-adoption.

We have had a 7% reduction in size of Dash budget, that is why, I expect Dash will stay above $150 now that it looks like we are in a bull market, the PO should be able to come back next month with a lower ask in Dash.

Dash already dropped below $150, so there goes that exspectation.

But why should they reduce their ask? Their ask is not relative to the size of the budget but the size of their need. And we shouldn't be in the business of limiting the spread of Dash, we should be eagerly spreading it to everyone who would take it. We're not trying to get people to want to join a selective, exclusive club here. We're trying to spread Dash digital CASH to as many hands as will hold and spend it.

Dash broke $170 again today. I like the proposal, but the budget is tight, still, I am reconsidering my vote on this proposal.
QuantumExplorer helping them out has raised the value of this proposal, I am glad to see they are using Dashcore source now.

Hi agnewpickens,

Assuming core gets funded there are still 1000 Dash left to be distributed among only a few projects that are currently up for vote.

In my personal opinion it should be the DAOs goal to fund as many beneficial proposals as possible instead of trying to minimize overspending in fiat valuations(which is even impossible in this market).

Yes the price has risen since submission. We will be able to achieve more and operate with less risk. Every duff will be accounted for and communicated with Dash Watch.

Thanks.

A final argument for a yes vote here that I neglected to include but that is just as important if not more so than my previous argument is the extreme amount of liquidity this proposal will add to Nigeria. Assuming a constant price and three months time frame, that is $53,889 USD that will be pumped into the local Nigerian economy. It will go to pay these developers' salaries, it will go to business integrations, etc. which means that it will increase the velocity of Dash.

Normally that can be considered bad for a currency as it puts downward pressure on the price, but for us its good. We don't need hodlers yet so much as we need an economy bustling and interacting and incentivizing people to store their wealth in Dash. In order for that to happen, large amounts of Dash need to be present and circulating in as many hands as possible. That's why proposals like this, Dash Venezuela, and similar countries should almost always get an automatic yes vote unless there is a legitimate reason offcially documented by the third parties we hire to check these things to suspend funding.

By voting 'Yes!' for the Nepsium project and team, you are voting to inject Dash liquidity into a growth region. This is basically a decentralized form of capital investment. You are doing what was originally restricted to the very rich and powerful big players, movers and shakers. You are providing the opportunity to make your living by paying and getting paid in a secure digital asset. The more liquidity we provide on the ground, the faster it will move until eventually enough people see value in it that they want to store their wealth in Dash and the velocity should begin to slow considerably.

This is the next step in the process to mass adoption. Liquidity. 53,000 USD will go a long way in Nigeria. Which will go a long way on Coinmarketcap and https://www.fairvalue.com. Voting 'Yes!' for Dash Nigeria is a 'Yes!' vote for increasing Dash liquidity and thus daily transactional throughput. This will directly increase the fair value of Dash, which is a mathematic, objective assessment of how much is actually invested in a cryptocurrency, using the average consumption data provided by the blockchain as input to a formula that determines the price at which Dash and any other listed coin are leaving the hands of their hodlers.

I'm sorry, this is an awful rationale for funding a DAO project.

Agreed.

Well would either of you like to specify what you believe to be wrong with it? Otherwise it seems like you're just trying to fud another DAO just like KuvaCash and prevent them from receiving funding.

Hi therealdashman,

Thank you for your constant support.

However I want to stress that this proposalsm shouldn’t be funded because “worst case” it will just be adding liquidity into Nigeria.

It should be funded because it solves real problems, is cost efficient, brings Dash utility to the next level, represents a business model that has perfectly aligned incentives with the DAOs goals and because it will be executed by a team of experienced cryptocurrency application developers.

Please also note that this team is distinct from the team Dash Nigeria, which will be continuing in parallel.

Thank you and have a nice day:)

Hi Nathaniel,

Thank you for the corrections. I had a feeling the Nepsium team and Dash Nigeria team were separate, I must've been too loose with my statement.

I didn't mean to imply that your proposal or team wouldn't succeed and wouldn't be right for Dash's DAO. Only, that, in the grand scheme of things, regardless of whether you succeed or fail, or whether or not your team manages to make it, we as a network WILL BE BETTER OFF by spreading Dash into Nigeria, and that is a fundamental reason why all proposals like this, not just yours, should recieve the support of the DAO.

Thank you for your hard work and for creating two DAOs working for Dash already.

Voting NO

Nathanielluz integerations and work from past proposals was extremely poor quality consisting of integerations which did not exist and last minute created exchanges *cough* 'integerations'

Hi mrhack,

Dash Nigeria is averaging 2 integrations and 40 merchants per month while operating as one of the least Dash requesting proposals.

The exchange you are referring to has ceased operations during the 2018 bear market. We have substituting integrations in our pipeline that we will be able to unveil relatively soon.

Because of us Dash has the by far strongest ecosystem of any coin on the African continent in the most populated country, Nigeria.

This project however will be executed by another team.

Thanks.

Do you have any sources for these allegations?

Yes posted in mno-vip go check discord please

This must be done for full transparency. There are times when people try to create fud to attack and concern troll about successful groups, so in order to prevent this it is necessary that all claims be made and proven in the same place.

It is dishonest to make an argument and then send people on a wild goose chase to find the proof you are obligated to provide when making your argument. If you can't do that you shouldn't make the argument. That's fair.

@Nathaniel - ROTC (Nigeria Biz) so heres what ive identified so far

1) most of the integrations you have mentioned are recently registered domains
2) the order books look and function very strangely if it all
3) the websites look more like place holders
4) social media activity for all of them is 0
5) social media interaction with users is 0
6) youtube subscribers are 1-2
7) youtube views are under 100
8) the exchanges do not provide any public data inter alia

Thank you


To date not categorically addressed and data confirms above

1) Most is not all, and so? This is not a valid criticism

2) improvements could be made, but again this doesn't mean it doesn't exist as you put it

3) Is this supposed to be a criticism? You seem to be just making the most negative statements possible without cause. Do not all websites start out with placeholders until content is built out? Why would Nepsium be any different in the proposal phase? Your expectations seem to be unreasonable.

4) Nathaniel has written tweets and articles with over 10k views. You can google them yourself, his social media reach is strong especially in Nigeria.

5) Again not true, his Dash giveaway campaign had over 100 replies IIRC.

The rest Nathaniel can answer you I think.

No this discussion is here you made your claim here it is your duty to bring your sources here please