Hello Dash community
Here is an update on activities with the Dash Bug Bounty Program.
Since the last update we have paid out only one bounty:
1.0 Dash was paid to a researcher who reported a problem in Sentinel that could potentially be used to trip all masternodes into watchdog_expried status. This was given a low/medium priority because the probability of a successful attack was considered low due to validation checks in place. Nonetheless the problem warranted a code change and a bounty was paid to reward the researcher for reporting the issue. This issue was reported through private messaging on the Dash Forum.
In December of last year, when Dash was seeing record high prices, I decided that it would be a good opportunity to take advantage of the price to engage a PR firm to help promote the Dash Bug Bounty Program. Since Amanda Johnson was working with
PMBC Group and they are located here in Los Angeles, and they accept Dash, I entered into a six-month engagement with them to promote the Dash Bug Bounty program, as well as other Dash-related activities. Here are some results of their work:
February 19, 2018: “
School for Startups Radio” : DASH Cryptocurrency with Jim Bursch
February 21, 2018: Insurance Business America (168,100 monthly visitors):
Virtual sheriffs in the wild, wild west of digital currency
February 25, 2018: Bitcoin Warrior (36,300 monthly visitors):
Threat Profile: Knowing yours is the first step to improving online security
January 26, 2018: Rescue a CEO (CEO Blog Nation) (21,000 monthly visits): “
14 Entrepreneurs Explain Best Industries To Start a Business in 2018 ”
January 25, 2018: Digital LA: “
Cryptocurrency Beyond Bitcoin: Ethereum, DASH, EOS, and new ICOs”.
This is proving to be a very good investment and we can expect to see a lot more coverage in the coming months.
Also due to the substantial increase in the value of Dash, I have decided that it is unwise for my Dash-related business activities be conducted as an individual, and that it would be wiser to engage in these activities under a corporation. To that end, I have created a Delaware C corp called FundChan Inc. and I have transferred all Dash-related assets to it. So, from a legal/business standpoint, the Dash Bug Bounty Program is now being operated on behalf of Dash by FundChan Inc.
Finally, I have received a proposal from Bugcrowd to extend our agreement with them for another year at a substantial discount, which is essentially an incentive to renew early, since our current agreement does not end until August. To take advantage of this proposal now, I would have to submit a Dash Budget proposal valued at approximately $100,000. I will start a discussion in the Pre + Budget Proposal forum to see if this is something the community would like to do.