Dash Business Model upgrade: Invest in start-ups
- Thread starter Technologov
- Start date
stan.distortion
Well-known member
That would make sense, give the ability to create DAOs based on the Dash model but with their own rules and their own tokens linked to Dash. Imo that's pretty much the future of money but it's a long way off and trying to sell the concept would be another of those ideas that came too early, that's not to say it couldn't be built in readiness for that ideas time to come though.
No, we did not.
Masternode operators did vote to pay to them from fresh superblock to perform said services. That's not a donation.
You're trying to push a square pig into a round hole.
As mentioned above, by other forum participants, you can't mix the decentralized pseudonymous system (with heavy bias on anonymity) with the existing legal system. A company ("a corporation") is a beast, living in a legal system. It has identified shareholders, identified officers, top management, et cetera, et cetera.
1. To create something like this within an existing legal system, one should establish a legal investment fund and bring Dash as a limited partner. Good luck doing this. At this moment I, as a masternode operator, won't support such proposal without an extensive track record in startup investment ecosystem.
2. Usually investment funds are raised for 10 years. About 2/3 of that timeframe they invest, the rest of the time they collect the exits of the survivors. Per industry statistics (don't have a reference handy, google), if you have 3-4 investments out of 10 to break-even, you've got a good fund. Yes, that means that at least half of fund's investments go to zero. And yes, you can't exit out of the fund before it matures (usually).
2.a. How many MNO's are prepared for 10 year investment cycle?
2.b. How many MNO's are ready for that level of risk?
3. If you're aiming on dropping the existing legal system completely and go ICO, then you get another "small" issue: governance. That means, how you (fund manager) can be sure that the funds investments won't be used on strippers, yachts, etc? If you drop the legal system, you drop the legal enforcement altogether. I have a running experiment on governance system for small projects where the funds are held on multisig and various actions could be performed based on owners votes, but it's still early.
4. If you're going to invest fund purely into the existing ICO's, feel free to do this. To get my investment - see (1), you'd have to show a track record in ICO investment. You may raise Dash Network money by creating a proposal. No special changes required.
camosoul
Well-known member
Charlie Shrem is not a startup. I think he can speak for himself, but he's not here at the moment. He has a track record of success and experience, and the funds, resources, and contacts to back it up. He very obviously falls into the category of "absolutely can make this happen."
If someone wants to create a "DASH startup foundation" that seeks out worthy causes and has the ability analyse potential for success AND weigh it against value for DASH MNOs as a form of ROI, then submit it in blocks... Could work as an open-ended mutual fund/startup grant concept.
It your idea. If you believe in it, sack up and make it happen. It costs you absolutely nothing to start doing this work. If you screen properly and your startups succeed while also bringing value back to DASH, you'll get funding. But, like so many who have never done anything before, you might have a hard time understanding that rewards come AFTER hard work, not before.
As an entity separate from DASH itself, you would have the power to enter into contracts, guaranteeing DASH branding presence in businesses that accept DASH funds, and the capacity to enforce such. You'll be forced to consider risk/reward, where the direct DAO doesn't have the ability to do any of that. through this advantage, you could provide a level of value feedback that DASH alone cannot provide for itself. Make sure you pick 'em right and it'd be a great idea.
I recently bought a a Hummer H2 from a car dealership via shakepay.co's Shake Blue service. The fairly young salesman I bought it from was very interested in cryptocurrency, but the old-school all crotch, no brains management was utterly clueless and suspicious of the entire process. The deal almost fell through because they were clueless and paranoid. There's definitely a vacuum in the marketplace for a crypto-first car dealership, instead of existing car dealerships accepting crypto; history shows us that such a model doesn't last. Google it. Lots of articles from 2012, 2013 and 2014 about "buy car with bitcoin," but none of those places still do it today... Find a motivated younger person with a clue and you could have a winner. Let DASH help him avoid floorplanning and it's almost a guaranteed win... Almost. Investment is always a gamble. If you want a guaranteed free lunch, go back to stocking canned soup at Kroger.
A hybrid grant/mutual fund concept in which value is paid back in exposure and market cap... DASH Mutual. Shit man, I've damn near done it for you. There's no way MNOs can be expected to micro-manage all that. We don't want it. Be our mutual fund. Show us a return, and keep the details to yourself. There have been several startup proposals that have gotten shot down, which I would have liked to help, but had to vote no based on that not being what DASH does. If you are an organization that brings tangible benefit through managing startup capital so we don't have to, hell yeah.
This is the major problem we have in the DASH budget system. A lot of people who haven't the balls to even try running with the big dogs, think they can present their idea from the porch... Let DASH shoulder all the risks that the proposer hasn't the testicular fortitude to make himself. If you won't bet on your own idea, why would DASH? This high proposal fee is a crude instrument, but it does a reasonable job of separating the men from the boys.
If someone wants to create a "DASH startup foundation" that seeks out worthy causes and has the ability analyse potential for success AND weigh it against value for DASH MNOs as a form of ROI, then submit it in blocks... Could work as an open-ended mutual fund/startup grant concept.
It your idea. If you believe in it, sack up and make it happen. It costs you absolutely nothing to start doing this work. If you screen properly and your startups succeed while also bringing value back to DASH, you'll get funding. But, like so many who have never done anything before, you might have a hard time understanding that rewards come AFTER hard work, not before.
As an entity separate from DASH itself, you would have the power to enter into contracts, guaranteeing DASH branding presence in businesses that accept DASH funds, and the capacity to enforce such. You'll be forced to consider risk/reward, where the direct DAO doesn't have the ability to do any of that. through this advantage, you could provide a level of value feedback that DASH alone cannot provide for itself. Make sure you pick 'em right and it'd be a great idea.
I recently bought a a Hummer H2 from a car dealership via shakepay.co's Shake Blue service. The fairly young salesman I bought it from was very interested in cryptocurrency, but the old-school all crotch, no brains management was utterly clueless and suspicious of the entire process. The deal almost fell through because they were clueless and paranoid. There's definitely a vacuum in the marketplace for a crypto-first car dealership, instead of existing car dealerships accepting crypto; history shows us that such a model doesn't last. Google it. Lots of articles from 2012, 2013 and 2014 about "buy car with bitcoin," but none of those places still do it today... Find a motivated younger person with a clue and you could have a winner. Let DASH help him avoid floorplanning and it's almost a guaranteed win... Almost. Investment is always a gamble. If you want a guaranteed free lunch, go back to stocking canned soup at Kroger.
A hybrid grant/mutual fund concept in which value is paid back in exposure and market cap... DASH Mutual. Shit man, I've damn near done it for you. There's no way MNOs can be expected to micro-manage all that. We don't want it. Be our mutual fund. Show us a return, and keep the details to yourself. There have been several startup proposals that have gotten shot down, which I would have liked to help, but had to vote no based on that not being what DASH does. If you are an organization that brings tangible benefit through managing startup capital so we don't have to, hell yeah.
This is the major problem we have in the DASH budget system. A lot of people who haven't the balls to even try running with the big dogs, think they can present their idea from the porch... Let DASH shoulder all the risks that the proposer hasn't the testicular fortitude to make himself. If you won't bet on your own idea, why would DASH? This high proposal fee is a crude instrument, but it does a reasonable job of separating the men from the boys.
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Megahashman
Member
Imo, this mental exercise is taking way too much precious time from people who could be thinking about more important things. Like how to increase the value of dash, for example. If someone thinks this is a really good idea, then propose it, and let a vote happen. Then everyone can move on from this ridiculous argument. Worry about making yourselves money by increasing dash value, and stop worrying about making more money for the dao. Because the former will lead to the latter. Simple
lynx
Active member
The idea of enforcement can be set aside for now, we already trust the proposal owner to do what he proposes.
It's a conflict of interest and a bad idea... especially if you see Dash as a future currency. The Federal Reserve is bad enough already... Can you imagine if they said they are now going to print money to invest in businesses? I basically agree with all of Megahashman's points. Let's keep Dash decentralized and collect our ROI by funding projects.
Let's stop trying to figure out ways to line our own pockets and ruin Dash. I'd personally look for greener pastures if something like this were to happen... It would just give Dash a bad (worse) reputation.
Let's stop trying to figure out ways to line our own pockets and ruin Dash. I'd personally look for greener pastures if something like this were to happen... It would just give Dash a bad (worse) reputation.