Dash World started on 06/04/16 with DASH @ $7.13 and grew to $9.36 @ 5:30 AM ET, on July 30, 2016. This represents:
#1: Failure to Expose Failures
NOTE: I strongly delineate "business core" from the "core developers," the people that are actually making this project possible, the people I admire and respect. Not a single word here is addressed at them.
Dash World has been shunned by the core business from the very start, almost as a nuisance. This illustrates what I’m talking about: “We did not select Vanbex neither were they working officially with the team,” Daniel Diaz says to @helso regarding the Wachsman PR proposal. (here) Our business developer in charge does not know that DGBB is the only official way though which Dash makes decisions??
(they ignored Marketing & SEO audits (here), did not communicate properly etc., I should’ve risen a BIG RED FLAG but I failed to do so. I was also wrong not to rise hell regarding Dash’s website that was a bottomless pit swallowing up big chunks of money without anything to show for ages, such a failure also rendered my web creation / IM / SEO knowledge useless)
I guess Daniel thinks “D” in DGBB stands for Daniel’s Governance If so, it’s a small wonder he made you pay:
Another Waste
Lamassu – an open source project – added support for ETH FREE of COST. Yet, we paid $67,830.53 to have DASH supported (with $48,450.37 due coming; Lamassu development costs 51.87% of ALL the money ALL the core developers are receiving as their salaries).
Zach Harvey, Co-founder of Lamassu wrote that “Lamassu has also made their software more adaptable to future cryptocurrencies and Ethereum tokens such as Zcash and Digix,” free of charge. (source
Let us analyze the Lamassu ATM “success”:
We spent or will have spent, a total of $116,280.91 or an equivalent of a Porsche 911 Carrera Cabriolet. (MSRP at $101,700.00 so we’d have $14,580.91 left to create a website (design and development)
Once Lamassu project is done (hoping no new website design proposals) what we will have for these $140,392.05 splurged?
As a result, because you – the governing body of the Dash Project, the masternode owners – have been reckless with your money and negligent in evaluating the proposals, the business core has lost its collective marbles and are churning out proposals you rubber stamp and pay without any due diligence, making a mockery of the process. I will briefly comment on only one that I understand better than the others, pr-fall-camp-201608 (here and here)
Daniel wrote: “I hope the results can speak for themselves. This is why we insisted in doing a trial run ahead of any public statements on our part.”
@TroyDASH said it best (here): “These "press release" services get articles posted all over on these various sites, but I am clicking on these examples, all 24 of them, they all have zero comments, zero or near-zero likes, zero ratings, zero tweets or social media shares, view counts in the low to mid hundreds (if there is a view count displayed at all), of which a chunk may be bots. There is nothing that indicates that anyone has actually read these, not to mention cared about anything they read. Can't we do better than this?”
We will have spend additional $24,000.00 for "work” that has “zero comments, zero or near-zero likes, zero ratings, zero tweets or social media shares,” so I went through the pain of examining success of the trial period. Out of 551 referring websites that brought users to https://www.dash.org/ not a single visitor, from of these trial run pages. landed on our website, not a single one!
Such approach the "trial run" shows is not only another colossal waste of money but also represents spamming which negatively reflects on Dash. Ponder DASH / Tigo link, here, and truncate it to:
http://www.wfmj.com/story/32473349/
http://www.wfmj.com/story/
to see that that page is almost non-existent, it lingers alone, not linked from any other page on the website. Google operator
cache:http://www.wfmj.com/story/32473349/...franchise-opens-in-panama-for-worldwide-sales shows you that you pay for something existing only as a sole, isolated page regurgitating an irrelevant press release.
Do you need more? That page (and many others have similar metrics) has a "value" of 1 / 100 (1 out of 100 max) BUT a spam score of 4/17 on Moz; in Moz's lingo it means that 7% of all sites with “4 flags” are penalized by Google. We are paying for irrelevant presence on aggregate, mostly spamming pages / sites that would, on a long run, only harm the website (https://dash.org/) they link to.
It boggles the mind that we're letting such waste go, not only not sanctioned, but praised in gushes of self-congratulating statements coming from the people responsible for such a waste.
#2 Failure to Engage with the Community
When I wrote the Dash World proposal I was excited over the enormous creativity our community posses. @alex-ru, @Raptor73 & @tungfa were of big help but I did not manage to engage the others.
It's no secret I'm not the biggest fan of the "Dash Nation" where so much of the said "creativity" was used but the truth is that all that noise and the efforts involved with the DN do not produce results. Only 0.04% of all visits to dash.org site came from Dash Nation. See for yourselves:
My failures to fight the waste and to properly engage the community brought me to my biggest failure.
#3 Failure to Properly Present the Vision
I deeply believe in a need for the "micro-economy of Dash" so I followed what Evan wrote: “One of our top priorities from a business development perspective is to improve direct access to our network for end users,” (source) and developed an idea -- Dash & Telegram integration (a proposal, currently facing a crushing defeat is here) -- that excited me beyond words. I'm aware I did a sloppy job in presenting the proposal with several blunders but I was tired, excited and anxious (I'm asking my friends to put almost a million dollars into the project whose business developer in charge does not seem up to the task and is usurping our governance.
However, I truly believe that if we:
My friend in the Monte Carlo's wealth management fund has received the proposal and his team is now evaluating it.
Conclusion and Call to Action
I am calling the masternode owners and / or community members to:
- 31.28% increase in DASH price over 3 ½ months, a 107.24% increase on yearly basis
- $2,230.00 increase in USD value of each masternode
- $14,021,953.93 increase in DASH market cap
We’ve also seen: - 15.53% increase in the number of users on https://www.dash.org/ despite the site being neglected (more about it later)
- Strides into mainstream media, discussed elsewhere (SpectroCoin on International Business Times, here or Evan in EconoTimes, here)
- d10e success, a Dash World’s initiative we’ve also supported financially, etc.
#1: Failure to Expose Failures
NOTE: I strongly delineate "business core" from the "core developers," the people that are actually making this project possible, the people I admire and respect. Not a single word here is addressed at them.
Dash World has been shunned by the core business from the very start, almost as a nuisance. This illustrates what I’m talking about: “We did not select Vanbex neither were they working officially with the team,” Daniel Diaz says to @helso regarding the Wachsman PR proposal. (here) Our business developer in charge does not know that DGBB is the only official way though which Dash makes decisions??
(they ignored Marketing & SEO audits (here), did not communicate properly etc., I should’ve risen a BIG RED FLAG but I failed to do so. I was also wrong not to rise hell regarding Dash’s website that was a bottomless pit swallowing up big chunks of money without anything to show for ages, such a failure also rendered my web creation / IM / SEO knowledge useless)
I guess Daniel thinks “D” in DGBB stands for Daniel’s Governance If so, it’s a small wonder he made you pay:
- $2,000.00 for Fox Tail Marketing, 09/2015 report (here)
- $1,269.55 to El Passion - payment + wiring fees
- $ 600.00to the local designer that took over work (03/2016, here)
- $3,130.45 USD remaining budget, see 04/2016 - Core Team Report here. On 06/2016, Monthly Report stated the work has been handed over from @TheDashGuy to the project team: “General layout and design are ready - there is a need to work on remaining details of the design, prepare content, images,“ they stated. (here) And yet, after claiming the “design is ready”, they asked, and were given, another $10K for the “website design” (already turned out to be $12,111.14):
- $8,843.24 (955.170 DASH), proposal here)
- $3,267.90 (352.970 DASH), proposal here)
=========================================================================== - $19,111.14 spent. (development still needs to be paid) Remember:
- $ 5,000.00 were spent on "the website design" back in 10/2015 (proposal here)
Another Waste
Lamassu – an open source project – added support for ETH FREE of COST. Yet, we paid $67,830.53 to have DASH supported (with $48,450.37 due coming; Lamassu development costs 51.87% of ALL the money ALL the core developers are receiving as their salaries).
Zach Harvey, Co-founder of Lamassu wrote that “Lamassu has also made their software more adaptable to future cryptocurrencies and Ethereum tokens such as Zcash and Digix,” free of charge. (source
Let us analyze the Lamassu ATM “success”:
- Lamassu, Inc. has 168 ATMs in total (source), admittedly a paltry number;
- ONLY one (1) out of 168 has DASH enabled so far (source);
- Daniel wrote: “As there are no known Dash wallet services available via API (ala Coinapult, bitgo), a Dash node must currently be run for each machine.” (source)
- BTC transactions for FREE;
- ETH transactions for FREE;
- Zchas transactions for FREE;
- Digix transactions for FREE but if an ATM operator wants to add
- DASH transactions it must spend an additional $9,360.00 (!) for the masternode. How many operators will be ready to do so?
We spent or will have spent, a total of $116,280.91 or an equivalent of a Porsche 911 Carrera Cabriolet. (MSRP at $101,700.00 so we’d have $14,580.91 left to create a website (design and development)
Once Lamassu project is done (hoping no new website design proposals) what we will have for these $140,392.05 splurged?
- One (1) ATM working with DASH
- the website that simply refuses to design and builds itself.
As a result, because you – the governing body of the Dash Project, the masternode owners – have been reckless with your money and negligent in evaluating the proposals, the business core has lost its collective marbles and are churning out proposals you rubber stamp and pay without any due diligence, making a mockery of the process. I will briefly comment on only one that I understand better than the others, pr-fall-camp-201608 (here and here)
Daniel wrote: “I hope the results can speak for themselves. This is why we insisted in doing a trial run ahead of any public statements on our part.”
@TroyDASH said it best (here): “These "press release" services get articles posted all over on these various sites, but I am clicking on these examples, all 24 of them, they all have zero comments, zero or near-zero likes, zero ratings, zero tweets or social media shares, view counts in the low to mid hundreds (if there is a view count displayed at all), of which a chunk may be bots. There is nothing that indicates that anyone has actually read these, not to mention cared about anything they read. Can't we do better than this?”
We will have spend additional $24,000.00 for "work” that has “zero comments, zero or near-zero likes, zero ratings, zero tweets or social media shares,” so I went through the pain of examining success of the trial period. Out of 551 referring websites that brought users to https://www.dash.org/ not a single visitor, from of these trial run pages. landed on our website, not a single one!
Such approach the "trial run" shows is not only another colossal waste of money but also represents spamming which negatively reflects on Dash. Ponder DASH / Tigo link, here, and truncate it to:
http://www.wfmj.com/story/32473349/
http://www.wfmj.com/story/
to see that that page is almost non-existent, it lingers alone, not linked from any other page on the website. Google operator
cache:http://www.wfmj.com/story/32473349/...franchise-opens-in-panama-for-worldwide-sales shows you that you pay for something existing only as a sole, isolated page regurgitating an irrelevant press release.
Do you need more? That page (and many others have similar metrics) has a "value" of 1 / 100 (1 out of 100 max) BUT a spam score of 4/17 on Moz; in Moz's lingo it means that 7% of all sites with “4 flags” are penalized by Google. We are paying for irrelevant presence on aggregate, mostly spamming pages / sites that would, on a long run, only harm the website (https://dash.org/) they link to.
It boggles the mind that we're letting such waste go, not only not sanctioned, but praised in gushes of self-congratulating statements coming from the people responsible for such a waste.
#2 Failure to Engage with the Community
When I wrote the Dash World proposal I was excited over the enormous creativity our community posses. @alex-ru, @Raptor73 & @tungfa were of big help but I did not manage to engage the others.
It's no secret I'm not the biggest fan of the "Dash Nation" where so much of the said "creativity" was used but the truth is that all that noise and the efforts involved with the DN do not produce results. Only 0.04% of all visits to dash.org site came from Dash Nation. See for yourselves:
My failures to fight the waste and to properly engage the community brought me to my biggest failure.
#3 Failure to Properly Present the Vision
I deeply believe in a need for the "micro-economy of Dash" so I followed what Evan wrote: “One of our top priorities from a business development perspective is to improve direct access to our network for end users,” (source) and developed an idea -- Dash & Telegram integration (a proposal, currently facing a crushing defeat is here) -- that excited me beyond words. I'm aware I did a sloppy job in presenting the proposal with several blunders but I was tired, excited and anxious (I'm asking my friends to put almost a million dollars into the project whose business developer in charge does not seem up to the task and is usurping our governance.
However, I truly believe that if we:
- present the Dash Project to dozens and perhaps 100s of serious investors all over the world each would have an option of investing $936,000.00 into 100 MNs
- create a prototype for such an application and reach out toward
- 100 millions ++ Telegram users and
- thousands of specialized services as described in the proposal...
My friend in the Monte Carlo's wealth management fund has received the proposal and his team is now evaluating it.
Conclusion and Call to Action
I am calling the masternode owners and / or community members to:
- request a 3rd party FULL AUDIT of the business expenses, especially those I outlined herein;
- DE-FUND the PR Fall Campaign (Aug) proposal (here) because of the reasons I outlined herein;
- DE-FUND the further Lamassu ATM development, for the reasons I outlined herein at least until these never-ending "open issues" are resolved;
- create a set of rules for all proposals that would have to have clearly outlined goals, objectives, delivery milestones etc., and bring accountability back into this project before it's too late;
- demand some REAL TRANSPARENCY from the people steering a boat representing a $60M ++ market value that produces a budget of now staggering $69,722.64 a month, money that can not be wasted but used with the utmost respect, efficiency, transparency, care and business acumen.