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A Potential Goldmine: Making The #FirstDashWallet Campaign Permanent

First we are a company. Second it does not matter if we are centralized or decentralized, when we make fatal errors with our business.

Apple has 200 billions unspent money. I can not see that they lose market share because of not using the 200 bill do you? @dashdisciple???

Free money of companies should not be seen as a unused growth rate or whatever. Such analysis are totally bad and crude. Even your math with laber input and growth rate is no universal formula. Ever heard of automation????

We should just use our money wise and mature, it doesn´t matter how much or how less we have every month in the treasury. It will get used sooner or later on the right projects. Please DON`T FALL TO SOCIALIST BEHAVIOUR WITH THIS GREAT DASH!!!!! thank you
 
you are making a fundamental mistake in comparing APPLE with Dash, Apple has saturated market for its product, its has excellent brand recall ,which we dont , we have not even scratched 0.1% of the potential market, i hope you appreciate the difference

The fair comparision is Paypal in early days who gave $10 to account openers like us

just to be clear , the biggest drawback today in dash is marketing , there is nothing solid happening on marketing front and we should appreciate whatever little marketing thats happening and frankly the results of the #firstdashwallet have been amazing to the say the least

the biggest users of crypto the nigerians and the venezualans have entered the dash market , thats a huge thing

the $10 we give each person will bring us 1 billion more market cap very soon

This is not socialism at any cost , this is shrewd marketing

i am looking for 10,000 wallets to opened and wish some solid traffic hits our network so the crypto world takes dash seriously
 
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we have a superior product like apple had with the creation of the first smartphone. There is no need of throwing millions in marketing if it does not work. If someone knows how to make marketing for low cost, i support him, but just saying all the money must be spent is nonesense.

Absolutely great that we reach africa and south america now, they need us so much ^^
 
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SimontheRavager said:
. If someone knows how to make marketing for low cost, i support him, but just saying all the money must be spent is nonesense.

^^
Click to expand...

But wouldn't it be better to support a crypto lobbying group, or our own lobbyist in Washington, rather than just burn the money?
Wouldn't it be better to start saving up for two 30 second commercials during the Super Bowl? That's 9 million dollars. We can't just slip that into the budget the month before the super bowl.

Wouldn't it be better to support the people and groups that have great ideas about how to improve banking in developing countries rather than just burn the Dash? Developing countries alone could zoom Dash to the top of all the cryptos.
 
solarguy said:
But wouldn't it be better to support a crypto lobbying group, or our own lobbyist in Washington, rather than just burn the money?
Wouldn't it be better to start saving up for two 30 second commercials during the Super Bowl? That's 9 million dollars. We can't just slip that into the budget the month before the super bowl.

Wouldn't it be better to support the people and groups that have great ideas about how to improve banking in developing countries rather than just burn the Dash? Developing countries alone could zoom Dash to the top of all the cryptos.
Click to expand...
There's lot of talk and very little action , so i have decided to support any reasonable marketing campaign instead
 
Dashmaximalist said:
There's lot of talk and very little action , so I have decided to support any reasonable marketing campaign instead
Click to expand...

I absolutely agree with you.

The question is: what to do with that money that is not created? Stock it or spend it, both work for me. Seems however that spending is easier than stocking it (see other conversations on the forum).

  • Advantage to not spending the money in ROI?
    • decreases the total supply so increases the value of each coin.
    • However, the added value created is close to none (based on somebody's calculation somewhere on the forum).
  • Disadvantage in poorly spending the surplus money?
    • close to none -> Please guys explain me how spending the money could have a negative effect on dash (example please).
The article added by @AndyDark, however interesting, isn't relevant to Dash

"the reason that premature scaling kills start-ups is primarily two-fold" says the article:
  1. "uses up your precious cash more quickly, which means you have less runway to discover that you were wrong and readjust"
    1. Our Dash are not created so we won't be able to use it to readjust later on. No applicable then.
    2. The article carries on though: "One of the smartest strategies for a start-up is to save cash" - @Andy @RGXDK - if you are up for that, I'm also up for it - but while nothing is being stocked I prefer to support marketing campaigns
  2. "Second, premature scaling actually makes you less agile. Specifically, when you start hiring people and investing in your product, you become organizationally and mentally committed to your current approach—you’ve paid money and obligated yourself to a particular product or strategy and doing this makes it worlds harder to change".
    1. that psychological explanation is based on start-ups, generally lead by few people. Not a 4000 masternodes start up. Another study should be made.
    2. Anyways, if a start-up becomes less agile in this case is because, suddenly, you realise that you've spent money that you could have way better spent on something else. This is so hard to accept that you remain blind and carry on your path. Not relevant to dash, as we would be spending money that we wouldn't have spent otherwise/anyways.

Now, let's talk a bit about Evolution and Mass Adoption which should, for many people, be the right time to go all-in with marketing (and not before). I can't wait for Evolution to be released, it's gonna be a game changer in the cryptoworld but talking of Mass Adoption is a bit premature.

How is new thing (technology, idea, habit...) is adopted by a society? https://en.wikipedia.org/wiki/Technology_adoption_life_cycle

Out of thousands of inventions made by innovators, some of them gets spread a second group, the early adopters and then by a third group, the early majority, then by fourth, the late majority and finally by the laggards. But many get stuck in the first or second phase. When you get to the third group your innovation will inevitably be spread to the fourth and last group.

So, first, you have the innovators which make up for 2.5 % of the population. Passionate people that invent stuff which might or might solve a real demand (they don't really care, that's why many inventions fall into oblivion. Those are passionate people that will use all those new gadgets and tech even if nobody around does, just for the kick of it.

Then you have the early adopters that make for +13.5 % of the population. Very open-minded people about new stuff. They have a better sense of usability than those of the first group. They want a product that is of use and not buy something just because it's new. However, they don't mind a product that is not perfect because they like to contribute and to participate in something that might get bigger. They also are leaders of opinion as they talk about those yet to be disruptive technology to their surrounding (which slowly starts to hear about it).

" for discontinuous or disruptive innovations, there is a gap or chasm between the first two adopter groups (innovators/early adopters), and the early majority"

Then you have the early majority +34% of the population. When that group starts to consider your thing and buy it, you're a winner. But the gap is big between the second and third group. That's where most inventions fall into oblivion. This early majority are real leaders and influencers in our societies but they are not dreamer: they want something efficient, that works and that solves a problem without a sweat. If it's not perfect, they just don't want it.

I believe we are not quite yet in the early adopter’s phase (or maybe at the beginning). Evolution is a big step and will change a lot of thing. But we are still in our own world made of geeks (Ask anybody on the street about Bitcoin or Dash, you know the answer....). We are slowly but surely scratching the surface of other worlds, but we are not there yet.

So even if my grandma will be able to use Evolution, she just won’t! Why would she? Never heard of it (aside from me, but she's just lucky that I’m part of the 2.5 % ;) ;)), never seen it...

So yeah, let's use that money to spread the word of Dash. For those still reticent, think about it like that; about hiring thousands of people with money that you can't use for anything else (as not enough proposals get passed) :

"if you talk about Dash and explain what is it and what cryptocurrency is to somebody for one hour, I will give you 10$".

That's exactly what Amanda's project is doing (and this just one of the many other benefits).

Because I can tell you that, most of the time, people bringing new people are passionate and happy to talk about Dash and to contribute.

And anyways, it will surely take a long time to explain this new world to somebody new won't it ? (and if that guy or girl knows crypto, well then that talk will just flip it to our side).
 
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Oh, and, finally, last thoughts (sorry for that long previous post, should have made it two), the people bringing new people on board are acting as ambassadors. They will educate the new person about the advantages and disadvantages of cryptocurrency and Dash today and about what are the solution that will arrive in the future.

It's not like those would be random persons would just click on an ad and would be prompt to download the dashcore wallet. There, I agree, it is not really useful (those ad should taret btc users as it was mentionned) and could be counterproductive as a normal person would download it and not understanding the product and then get frustrated.

But Amanda's project is fundamentally different.
 
Leonidas said:
Disadvantage in poorly spending the surplus money?
  • close to none -> Please guys explain me how spending the money could have a negative effect on dash (example please).
Click to expand...
I, for instance, would be pushed back from project where money are wasted.
Its more of psychology than mathematics. Even if inflation is only 0,001% it still hurts a lot in some subconscious part of brain.
"If more (not less) foolish decisions are made, maybe it's not so well governance system after all, and I can find smarter projects with more reliable and wiser people in charge" - someone may think.
 
Friend said:
Its more of psychology than mathematics.
Click to expand...
Maybe you are right. That must be psychological.

Because there is no precedent to our situation. Always has been to where to spend the money. Never to spend it or don't get it. It's the first time in history that someone or a group of people is presented with the choice between either getting a huge amount of money but having to spend it on something or either not getting anything at all

As far as I can tell, all the foolish decisions everybody are talking might only be valid if only we would be able to stock up that amount of money.

If I I come to you and I tell you, I will give you 2 € but you have to buy a lottery ticket. Otherwise you won't get the 2 €. Not buying the lottery ticket would be foolish IMO.

Beside, guys, give us some credit : we are still deciding on what we want to put that extra money : on amanda's project which obviously has more argument that a random lottery ticket....
 
Leonidas said:
It's the first time in history that someone or a group of people is presented with the choice between either getting a huge amount of money but having to spend it on something or either not getting anything at all
Click to expand...
I'm not sure if it is so simple.
Your assumption (probably) is that significant percentage (at least half - more or less) of people are "legitimate new users". If it is like that, then I'm all in. Lets continue :)
But please, answer me, how many ways You can think of, to swindle this campaign, to get free Dash money?
I can think of too many.
 
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Friend said:
But please, answer me, how many ways You can think of, to swindle this campaign, to get free Dash money?
I can think of too many.
Click to expand...
I can't think of that many, that's probably my naive side ;). Just kidding.

No matter how hard we try, there always will be fraud. But this is true for anything. It's just about agreeing on a percentage. 1 % ? 10 % possible fraud being acceptable ?

When the percentage is decided, it is the job of the project owner to explain how he intend to address those too many ways your talking about it. If he can't then that would be something to reconsider.
 
i did many many handouts for dash
and they work in the beginning until eventually the scammers run u over and than this all goes belly up
as it comes down to a couple of peeps who mess it up for everybody involved
+
US 20 a pop
all u will get is a ton of 3rd World country members (no offence) coming in heaps to score 20 bucks (which is a lot of money) - they will move on to the next coin in no time waiting/hunting for the next free handout
they will not then invest their other 40 $ they have in their account !
theis is a good idea to get the name out - but nothing that should be done permanently at all !
 
Leonidas said:
I absolutely agree with you.

The question is: what to do with that money that is not created? Stock it or spend it, both work for me. Seems however that spending is easier than stocking it (see other conversations on the forum).

  • Advantage to not spending the money in ROI?
    • decreases the total supply so increases the value of each coin.
    • However, the added value created is close to none (based on somebody's calculation somewhere on the forum).
  • Disadvantage in poorly spending the surplus money?
    • close to none -> Please guys explain me how spending the money could have a negative effect on dash (example please).
The article added by @AndyDark, however interesting, isn't relevant to Dash

"the reason that premature scaling kills start-ups is primarily two-fold" says the article:
  1. "uses up your precious cash more quickly, which means you have less runway to discover that you were wrong and readjust"
    1. Our Dash are not created so we won't be able to use it to readjust later on. No applicable then.
    2. The article carries on though: "One of the smartest strategies for a start-up is to save cash" - @Andy @RGXDK - if you are up for that, I'm also up for it - but while nothing is being stocked I prefer to support marketing campaigns
  2. "Second, premature scaling actually makes you less agile. Specifically, when you start hiring people and investing in your product, you become organizationally and mentally committed to your current approach—you’ve paid money and obligated yourself to a particular product or strategy and doing this makes it worlds harder to change".
    1. that psychological explanation is based on start-ups, generally lead by few people. Not a 4000 masternodes start up. Another study should be made.
    2. Anyways, if a start-up becomes less agile in this case is because, suddenly, you realise that you've spent money that you could have way better spent on something else. This is so hard to accept that you remain blind and carry on your path. Not relevant to dash, as we would be spending money that we wouldn't have spent otherwise/anyways.

Now, let's talk a bit about Evolution and Mass Adoption which should, for many people, be the right time to go all-in with marketing (and not before). I can't wait for Evolution to be released, it's gonna be a game changer in the cryptoworld but talking of Mass Adoption is a bit premature.

How is new thing (technology, idea, habit...) is adopted by a society? https://en.wikipedia.org/wiki/Technology_adoption_life_cycle

Out of thousands of inventions made by innovators, some of them gets spread a second group, the early adopters and then by a third group, the early majority, then by fourth, the late majority and finally by the laggards. But many get stuck in the first or second phase. When you get to the third group your innovation will inevitably be spread to the fourth and last group.

So, first, you have the innovators which make up for 2.5 % of the population. Passionate people that invent stuff which might or might solve a real demand (they don't really care, that's why many inventions just. Passionate people that will use all those new gadgets and tech even if nobody around does.

Then you have the early adopters that make for +13.5 % of the population. Very open-minded people about new stuff. They have a better sense of usability than those of the first group. They want a product that is of use and not buy something just because it's new. However, they don't mind a product that is not perfect because they like to contribute and to participate in something that might get bigger. They also are leaders of opinion as they talk about those yet to be disruptive technology to their surrounding (which slowly starts to hear about it).

" for discontinuous or disruptive innovations, there is a gap or chasm between the first two adopter groups (innovators/early adopters), and the early majority"

Then you have the early majority +34% of the population. When that group starts to consider your thing and buy it, you're a winner. But the gap is big between the second and third group. That's where most inventions fall into oblivion. This early majority are real leaders and influencers in our societies but they are not dreamer: they want something efficient, that works and that solves a problem without a sweat. If it's not perfect, they just don't want it.

I believe we are not quite yet in the early adopter’s phase (or maybe at the beginning). Evolution is a big step and will change a lot of thing. But we are still in our own world made of geeks (Ask anybody on the street about Bitcoin or Dash, you know the answer....). We are slowly but surely scratching the surface of other worlds, but we are not there yet.

So even if my grandma will be able to use Evolution, she just won’t! Why would she? Never heard of it (aside from me, but she's just lucky that I’m part of the 2.5 % ;) ;)), never seen it...

So yeah, let's use that money to spread the word of Dash. For those still reticent, think about it like that; about hiring thousands of people with money that you can't use for anything else (as not enough proposals get passed) :

"if you talk about Dash and explain what is it and what cryptocurrency is to somebody for one hour, I will give you 10$".

That's exactly what Amanda's project is doing (and this just one of the many other benefits).

Because I can tell you that, most of the time, people bringing new people are passionate and happy to talk about Dash and to contribute.

And anyways, it will surely take anyways a long time to explain this new world to somebody new won't it ? (and if that guy or girl knows crypto, well then that talk will just flip it to our side).
Click to expand...

one of the best piece of analysis of our current situation i have read in months of being on this forum
 
tungfa said:
i did many many handouts for dash
and they work in the beginning until eventually the scammers run u over and than this all goes belly up
as it comes down to a couple of peeps who mess it up for everybody involved
+
US 20 a pop
all u will get is a ton of 3rd World country members (no offence) coming in heaps to score 20 bucks (which is a lot of money) - they will move on to the next coin in no time waiting/hunting for the next free handout
they will not then invest their other 40 $ they have in their account !
theis is a good idea to get the name out - but nothing that should be done permanently at all !
Click to expand...
just for facts , even if 50% of the users are genuine i would call this a success and heres the reason

the biggest users of crypto are the same as ones that are grabbing the crypto now , the nigerians , the indonesians , the venezualas

why ? their currencies and systems are so bad

instead of worrying about a scammer taking up our bounty , how about fighting the scammers

why can't we have an facial recognition tied up with sms otp for an air-drop ,and keep the amount at $10 total

if we get 100k Nigerians using dash then we will see an explosion in transactions
 
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If we do these kind of promotions in the future, we should do the best we can to reduce scammers (obviously).

However, even in the worst case scenario where we get a significant number of scammers, it is possible that we convert a significant number of the scammers to regular users of Dash. Even scammers have to live, and use the local crap fiat. Some of them will certainly realize that Dash is a huge improvement.
 
solarguy said:
If we do these kind of promotions in the future, we should do the best we can to reduce scammers (obviously).

However, even in the worst case scenario where we get a significant number of scammers, it is possible that we convert a significant number of the scammers to regular users of Dash. Even scammers have to live, and use the local crap fiat. Some of them will certainly realize that Dash is a huge improvement.
Click to expand...
Wise words
 
tungfa said:
i did many many handouts for dash
Click to expand...
Would you mind sharing those experiences ? We could all learn from it, andy maybe @amanda_b_johnson can then more anticipate from the problem you add. As a community I'm sure we can find amazing solutions to fighting scammers. Let's just put those thousands of brain to work !

Dashmaximalist said:
instead of worrying about a scammer taking up our bounty , how about fighting the scammers
Click to expand...
Yup exactly, let's fight the scammers. Again everybody, nothing to lose. Even you get "scammed off" 99 % (which surel we won't) you still have 1% of money that would have helped the network grow instead of 0%.

But I agree with you @tungfa, nothing needs to be permanent. Tries and error ! Anyway, with our voting system nothing is ever permanent anyways.

It's funny because our system is kinda working like the French culture right now.

French love theory, planning and talking (see how much I write ;)) : we prefer to establish a theory first and then we will experiment it : so we like a lot of thinking, calculation, precise planning and anticipate precise outcomes and then, only then, we might take action. On the opposite, you have British culture which is much more pragmatic. First they experiment, one, two, three time. They gets result, they get better and finally they conclude and find the theory.

Both have their merits obviously, but in the case where we have unlimited money everymonth, I believe a bit more of experiment without too much planning and anticipated ROI and so on do the network some great good !
 
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