Can you think of a project to fund ?

Now that Dash has a funding mechanism, retailers and Bitcoin machine operators could be approached directly and asked to incorporate Dash option. We could use the funding mechanism to pay for the costs they would incur to incorporate Dash into their existing ecosystem. That way we can say: Accept Dash and we will pay for your costs related to implementing it as a payment option.

Then we add them to an accepted retailers list. For retailers it is a two time gain because they save themselves the cost of implementing Dash as a payment option and they gain access to a new customer base.

For Dash users it adds to the use possibilities. For investors in Dash it adds to the value of the Dash ecosystem. All retailers in the world could technically be approached both big and small to add to the accepted retailers list.

I'd personally start with just about every retailer on Etsy and other small retailers first. If you look at Digibyte (which I am not invested in btw) they have a blue jeans retailer you can buy from. We should do the same thing with just about every retailer you can imagine.

(reposted)
 
David said:
My main criticism is that if the bounty grew large enough and a big merchant adopted Dash and secured the bounty, they would immediately sell the Dash from the bounty and cause damage to the market. What if we were talking 100k Dash going to one big merchant?

Is any thought being given to marketing to those industries with extremely slim profit margins? If my margin is 40%, I don't care that much about the 2.9% credit card fees. But if I'm looking at a 2-3% margin, I double my profit by accepting Dash/Bitcoin.
Click to expand...
100k coins could only be distributed after 100 months of accumulation with no one else claiming them, and even then, the merchant would have to represent 100% of the market. Even Amazon couldn't have that much impact... they maybe have 20% market share? I don't know.

Any meaningfully sized claim would be more than offset by the fact that Amazon / Overstock / Macy's or someone like that has now adopted Dash! That would MORE than make up the difference in the value of our brand of a few thousand coins being sold off. I would gladly be the first to raise my hand to buy Amazon's claim at then current market rates if they were to start accepting Dash. I would think the surge in interest from new users would cause the market price to quickly skyrocket.

This isn't going to even offset the full cost of a merchant integrating Dash... it is meant to be a push in that direction and help offset the cost for merchants and hopefully create a push for them to talk with their merchant processor to see if they will process Dash.
 
r-ando said:
Now that Dash has a funding mechanism, retailers and Bitcoin machine operators could be approached directly and asked to incorporate Dash option. We could use the funding mechanism to pay for the costs they would incur to incorporate Dash into their existing ecosystem. That way we can say: Accept Dash and we will pay for your costs related to implementing it as a payment option.

Then we add them to an accepted retailers list. For retailers it is a two time gain because they save themselves the cost of implementing Dash as a payment option and they gain access to a new customer base.

For Dash users it adds to the use possibilities. For investors in Dash it adds to the value of the Dash ecosystem. All retailers in the world could technically be approached both big and small to add to the accepted retailers list.

I'd personally start with just about every retailer on Etsy and other small retailers first. If you look at Digibyte (which I am not invested in btw) they have a blue jeans retailer you can buy from. We should do the same thing with just about every retailer you can imagine.

(reposted)
Click to expand...
I like this idea. We could start a fund... show us your integration costs and we will cover 100% of the costs AND promote your business to our user base on dashpay, dashtalk, etc. Merchants must apply beforehand, we fund the integrations that have the highest payment volume / cost, and once you integrate Dash onto your main payment page, we reimburse the merchant 100% of their cost.
 
babygiraffe said:
I like this idea. We could start a fund... show us your integration costs and we will cover 100% of the costs AND promote your business to our user base on dashpay, dashtalk, etc. Merchants must apply beforehand, we fund the integrations that have the highest payment volume / cost, and once you integrate Dash onto your main payment page, we reimburse the merchant 100% of their cost.
Click to expand...

Maybe we should wait until the details of the DAPI come out. Could make integration easier.
 
oaxaca said:
Maybe we should wait until the details of the DAPI come out. Could make integration easier.
Click to expand...

Even if you start the campaign now, it'll take some time to spread, and then some more time for businesses to deicde if they want to pursue it (unless you're talking about one man shows). And even if somebody makes up their mind before DAPI is rolled out & stabilized (and useful for this particular purpose, we don't know yet AFAICT), it would still be a foot in the door.
 
the-baker said:
Even if you start the campaign now, it'll take some time to spread, and then some more time for businesses to deicde if they want to pursue it (unless you're talking about one man shows). And even if somebody makes up their mind before DAPI is rolled out & stabilized (and useful for this particular purpose, we don't know yet AFAICT), it would still be a foot in the door.
Click to expand...
It might also take some time to accumulate meaningful funds to help with integrations. The biggest merchants or payment processors would have the most complex implementations that would require the most funding.
 
Personally, instead of aiming for widespread adoption, I think it would be best if dash started with specialised use cases, especially within the social media space. I'm sure there are plenty of really good up-and-coming social media apps that haven't yet hit escape velocity. Word of mouth and a good use case could really transform things.
 
Here is a list so far :)

IceBucket:
User friendly Videos explaining everything about Masternodes and how to run them so as to encourage more people to run them (thus distributing the network more widely)

Lebubar & DrDeepweb & bhklen:
Make an easy to use Dash to Fiat exchage site that anyone can use in any currency. Also fund a localdashexchange like local bitcoins.

the-baker:
get exchanges to use instantX for arbitrage, thus showcasing Dash technology, use funds to help exchanges to integrate Dash into their systems. This might bring more liquidity to the market.

pedro:
not sure I understand? Get Dash used more widely by means of dash bills and dash coins? Physical?

raganius:
agrees we need easy fiat todash conversion perhaps with pos solutions like Bitpay and remittences services like Bitspark.
Also, integration to:
Decentralised Market (OpenBazaar)
Decentralised Exchange (Coinffeine)

buster:
we should work on Search Engine Optomization. (tungfa says they're on it)

bhkien:
peer to peer lending like lendiingclub.com

TanteStefana:
Create a high quality, High speed, no restrictions TOR-like service that hides IPs, as another service and income stream for MN owners.

Stealth923:
Any and all left over budgeting for the month should not be burned but used for marketing, and added to the marketing budget.

noobtrader:
create at least one working value added project on MN program such as:
1. VPN
2. trading coin program (like quatloo) which user need to hold certain amount of dash (not sure I understand)

GrandMasterDash:
Make a Mobile Dash wallet as a plugin that can be easily integrated into personal finance apps like Financisto. (I think that's what the API enables - so could be quite doable)
also have MN network implement a message broadcast system to facilitate automation and free speech.

Stan.distortion:
thinks the financial tools could be integrated into the wallet itself.

fible1:
2FA support in the core wallet.

AnarchicCluster:
hire security experts to audit the code when Evolution is out, plus put up a bounty for breaking DS (already started)

Icebucket:
Unused coins could also go to an official faucet on the new website, and for distribution at conferences and presentations via paper wallets.

Stan.distortion:
reminds us that budgets can be saved up over time to pay for large ticket items, such as a thorough code review when Evolution comes out.

Oaxaca:
P2P exchange using coinffeine open source

Dunedoo:
set up a Dash Mining Farm? (for the community to take part in?)

Stan.distortion:
Hydromining

babygiraffe:
have a fund that incentivizes merchants to accept Dash.

rando:
approach any company that uses a bitcoin machine/network (perhaps ATMs?) and pay them to update their machines to accept Dash.

GrandMasterDash:
Use the up and coming P2P social media wave to spread the word.
 
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I think this thread was to be a brainstorming thread and not necessarily limiting to what we need "now". Though that's perfectly fine to discuss, I'm sure. Just want to say, if you all come up with some crazy ideas, that obviously aren't something to do now, you should still put them here. It's a great thread and a lot of fun! I'm learning a lot from it :)

Oh, One more that's not on the list for some reason, but I think we're a natural for hosting Open Bazaar, so that stores never close (just because you want to turn off your computer) and we could charge a very tiny fee for a more robust system, always on, hosts your items, etc... and be super user friendly and we could even self regulate so that this Open Bazaar has a way to keep illegal things off the system. Why? To make it so regular folk will come here to shop and buy and sell. Why? Because regular sales so far outweigh drug and black market sales. And I think *straight* people would be more willing to sell on a site that they perceive as "clean". And Open Bazaar, I believe, plans on being open to the illegal markets so that's covered already.

How would we regulate? I believe that a voluntary reporting mechanism would be enough to keep Masternodes on the right side of the law.

For a distributed exchange, I believe it would be pretty difficult to stay out of trouble when dealing with fiat, but that shouldn't slow us down. I think trading in coins only would be a huge help and we could get that going right away. My vision being a great exchange with all the bells and whistles that works just like, say Bitfinex, only it's decentralized and the fees are infinitesimal. With such an exchange, we could get bitcoin only vendors to accept any coin (mostly pushing Dash) and convert it to Bitcoin to convert through Coinbase et al to fiat. Make it easy for them to accept Dash is one of the goals, right?
 
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I'm personally thinking about projects that add value to running Masternodes. I have 2 masternodes myself, and it would be nice to have them working to bring me and my family better income, via providing services for better rewards. I'm not saying that 20% or even 10% ROI isn't good, but if I'm willing to put in the time to keep my MNs running well, and on high performance machines/internet connections, I think I might be able to make a living, if there is demand for services MN can deliver. So what kind of services would those be?

High Speed Tor, if used with the MN blinding, or something similar would be far more secure than current TOR, and if done with a small fee, that adds up with volume could be well worth the time.
Untraceable messaging or even email services
Untraceable social networking or even Virtual Worlds for:
classes
symposiums
"face to face" business meetings.
collaborative projects that require privacy

All these things can be provided completely safe against industrial espionage as well as freedom from Governmental intrusion in countries where totalitarianism is a problem, or just because. All could be provided for via a very small fee.

Even better still, some services only need to go through the MN network briefly (though level of bounce could be a choice) and other people could run nodes in the same way as MN without the collateral, and collect payment for their help in running things.

Say you had a virtual world, they could host part of the cpu resources, but the actual information would be broken up and encrypted regarding who logs in, or what is said in-world. and sent for storage to random nodes, and for that work, people who don't have a MN would also get paid, for that particular service using another version of the way it's done today.

Or better still, make it so that logs can not be kept in the first place. Not sure how to do it, but I can see in my minds eye a couple of avenues to pursue. It's probably possible to do.

Just the fact that we can do micro payments and can distribute those payments fairly amongst a group of nodes opens up endless, and I mean endless possibilities! Suddenly we don't need masternodes when privacy isn't an issue anymore - only services. Or even a hybrid can be created, when parts of service require no privacy. Yet those hosting services could also earn extra income, at the very least, enough to pay for the trouble.

And I still think our MN network is a natural for Open Bazaar and a distributed P2P exchange.
 
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TanteStefana said:
I'm personally thinking about projects that add value to running Masternodes. I have 2 masternodes myself, and it would be nice to have them working to bring me and my family better income, via providing services for better rewards. I'm not saying that 20% or even 10% ROI isn't good, but if I'm willing to put in the time to keep my MNs running well, and on high performance machines/internet connections, I think I might be able to make a living, if there is demand for services MN can deliver. So what kind of services would those be?

High Speed Tor, if used with the MN blinding, or something similar would be far more secure than current TOR, and if done with a small fee, that adds up with volume could be well worth the time.
Untraceable messaging or even email services
Untraceable social networking or even Virtual Worlds for:
classes
symposiums
"face to face" business meetings.
collaborative projects that require privacy

All these things can be provided completely safe against industrial espionage as well as freedom from Governmental intrusion in countries where totalitarianism is a problem, or just because. All could be provided for via a very small fee.

Even better still, some services only need to go through the MN network briefly (though level of bounce could be a choice) and other people could run nodes in the same way as MN without the collateral, and collect payment for their help in running things.

Say you had a virtual world, they could host part of the cpu resources, but the actual information would be broken up and encrypted regarding who logs in, or what is said in-world. and sent for storage to random nodes, and for that work, people who don't have a MN would also get paid, for that particular service using another version of the way it's done today.

Or better still, make it so that logs can not be kept in the first place. Not sure how to do it, but I can see in my minds eye a couple of avenues to pursue. It's probably possible to do.

Just the fact that we can do micro payments and can distribute those payments fairly amongst a group of nodes opens up endless, and I mean endless possibilities! Suddenly we don't need masternodes when privacy isn't an issue anymore - only services. Or even a hybrid can be created, when parts of service require no privacy. Yet those hosting services could also earn extra income, at the very least, enough to pay for the trouble.

And I still think our MN network is a natural for Open Bazaar and a distributed P2P exchange.
Click to expand...

This is highly related to my idea of using MNs as a message broadcast system. The major difference is, I didn't consider UDP streaming because I think it would be way too resource intensive.

The current MNs are obviously propagating messages somehow.. so why don't we just extend it for public use and have a self-adjusting fee for API access?
 
GrandMasterDash, you're a bit over my head. How would that work? I understand self adjusting fees, how would people use the API for access, I mean to what? And how does that/what does that have to do with propagating messages? LOL, I'm just not following your thoughts, so it's not a derogatory question. I want to understand, or if you could, give an example? Thanks!
 
Here's another one, if iTunes can have their own gift cards why not Dash. Make games that accept Dash for bonus points on in game purchases. Offer a bounty to game developers to incorporate Dash as a payment and or reward. Imagine if Dash was in Candy Crush!
 
TanteStefana said:
GrandMasterDash, you're a bit over my head. How would that work? I understand self adjusting fees, how would people use the API for access, I mean to what? And how does that/what does that have to do with propagating messages? LOL, I'm just not following your thoughts, so it's not a derogatory question. I want to understand, or if you could, give an example? Thanks!
Click to expand...

It's okay, though I would first point you to my earlier post in this thread which gives a more detailed explanation.

The basic idea is that MNs would manage public message queues (text, binary or whatever). These queues would hold messages based on a tiered structure of data size and lifespan. For example, a standard message in the queue might be less than 1k in size and have a lifespan of two hours (the nearest equivalent being a tweet). A micro-transaction would be charged, depending on data size, lifespan and resources load. These message queues would support hashtags, groups and channels.

Some possible third party apps might include:
- micro-blogging; twitter like apps but without the censorship
- copy-and-paste bins
- broadcast of voucher discount codes
- application logging / sharing

Imagine if this was the backbone to build a twitter-like app. You could use the API to pull a dataset for tracking trends... charged, of course, by the tiered pricing structure.

Here's another example application; Person A calls Person B. At the beginning of a call, an app automatically registers the phone number in a MN message queue... and because both numbers are registering against each other, a communications pipe is automatically opened between the two parties. Imagine, you make a call and you're able to chat / send files in-call without having to exchange email addresses etc. An application like this would never normally be universal because it would usually be implemented with dedicated private servers... but all these possibilities open up when there's a cheap, global, agnostic message queue.
 
I think this has already been suggested, a lending platform.

(I don't think there's anything aimed at shared masternodes so far but it'd be very powerful if integrated)
 
Actually, one of the major problem to adoption is that users/retailers need to learn many things before use/implement dash as payment.
Even with a site like blockchain or bitpay in the middle, users are required to do some work..
Last night I thought about a process similar to 2FA for authentication that involves the masternodes and possibly without the use of any wallet by the User and Retailer.

Scenario:
User1 (U1) wants to pay to Retailer1 (R1) for a purchase on a site, steps:

1. U1 checkouts
2. U1 posts to R1 the payment (source) address
3. R1 uses the source address
. add its destination address
. the amout to receive and
. creates a sort of InstantX payment message
. and broadcast it to a MN
4. the MN can do the checks on fund availability
. adds any fee to the transaction
. creates a "result" for the U1 to accept the transaction and for the R1 to track it
5. U1 from the "result" of step4 accepts the payment
6. MN broadcasts the payment to the blockchain
7. U1 and R1 may receive confirmation

On step 2 and step 5 the posted payment address and the result could be encoded in a QRCode and scanned by the parties involved (even a soda machine could do it..).
Possibly no full wallet is needed by U1 and R1 to send/receive the payment.
Don't know if it's feasible, useful or even wanted something like this but the idea is basically that. Eliminate the (full) wallet for the parties involved, the middleman payment sites and facilitate user adoption.
Cheers
 
GrandMasterDash said:
This is highly related to my idea of using MNs as a message broadcast system. The major difference is, I didn't consider UDP streaming because I think it would be way too resource intensive.

The current MNs are obviously propagating messages somehow.. so why don't we just extend it for public use and have a self-adjusting fee for API access?
Click to expand...
Ah yes, I see it is already on the list I made :D I like that phone tunnel idea too!
 
My two bob's worth

Masternode's in space. Launch a micro satellite running a DASH MN.

Longer term funding project, science, space, fun !

Why
  • Demonstrate the robustness of DASH based peer-to-peer services
  • why not?
  • use the project for broader education purposes
  • How long is DASH going to be around for? Think of it, nooooodes in spaaaaaace........
How
  • Piggy back on a spacex launch ;)
  • Raspberry Pi in space?
  • Microsat
When
  • within 18 months?
Funding
  • Phased approach for funding
  • set goals to reach next funding round
    • Plan
      • research feasibility
      • identify key talent
      • identify partners - commercial and/or academic
      • etc you get the idea...
    • Build
      • build and test micro sat
      • high altitude balloon launch?
    • Schedule
      • lock it in :)
    • Launch
      • DASH Sat 1 performing MN services from orbit
The Legacy
  • Great for brand awareness purposes
  • crosses over into R&D for DASH, never know what we might learn.
  • We are going to need DASH as a currency for a Mars colony
    • there will be two currencies that would feature in a Mars colony economy; barter of skills/knowledge & DASH.
  • Elon Musk as a POI ;)
  • @elonmusk
 
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