eduffield
Core Developer
It’s that time again, here are the core team budget proposals for this month. The next superblock is scheduled for block 432,016, which should occur approximately the morning (UTC) of Sunday, March 6th.
Satoshi Roundtable
As a small update from last month, Daniel and I attended Satoshi Roundtable. It was a really enlightening experience. The roundtable was not a typical conference in which we’re trying to sell ourselves to the general public, but rather a conference among the leaders of the cryptocurrency space. It was clear throughout the event that the main underlying issue of the blocksize debate is an issue of governance. The discussions provided us with insights about the conflicting interests that an effective governance mechanism will need to manage. Based on the discussions that unfolded, we have a high degree of confidence that our solution is an effective one. While our governance capabilities may need to be enhanced as we grow to a much larger size, we clearly won’t have the scalability and governance issues that Bitcoin has currently, and possess a clear mechanism to make changes to our governance model if required.
One of the other great outcomes from our experience was a new sense of urgency to improve the fiat to Dash gateways within the ecosystem and build out our existing platform so that everyone can come over now and begin using it. Bitcoin simply can’t keep up with user adoption from this point forward and that leaves users two choices: either leave the decentralized ecosystem and use fiat, or start working with alternative projects like Dash.
Another very important point to make about the Satoshi Roundtable was the very large issue with mining centralization in the Bitcoin space. When Satoshi originally invented Bitcoin, he did not anticipate the excessive mining centralization that has become a dominant force in the Bitcoin space. Due to this, we now have a small group of people that literally control the protocol consensus and their short term interests may be in conflict with the long term interests of other stakeholders, industry, users, etc. We definitely do not want our ecosystem to follow the same failed course and we definitely would have under the pooled ASIC mining paradigm. This is mainly because there are differences in efficiency that a miner can gain depending on where they live, which can give a huge advantage when their higher investment returns are compounded. Efficiencies such as cheaper labor, cheap or free electricity and even withholding newer advanced ASICs for their own mining operations, then selling them after they become less effective. After many iterations of these phenomenon in BTC we have come to a situation where the ones who have access to these advantages effectively control Bitcoin.
After hours of discussions, we believe we have found the solution to the unfair mining advantages that produce centralization around certain jurisdictions that control the production of ASICS. We will be releasing much more information about this soon, but are feverishly working on this project for v12.1. We’re going to be releasing much more information about this in the coming weeks; it’s going to be a giant advantage for the Dash project.
Previous Items:
Core Team Budget - 1,174 DASH (ongoing)
Public Awareness Campaign - 2,226 DASH (ongoing)
Dash.org domain acquisition - 2,100 DASH (payment #4 of 4)
Liquidity Providers - 121 DASH (payment #4 of 12)
Note: Liquidity Providers has been bumped out of the budget by DartPayments
We have created a new team to support the network by providing liquidity for the mixing.
Dash-Lamassu ATM Integration - 610 DASH (payment #3 of 12)
Satoshi-Roundtable - 718 DASH (payment #2 of 2)
New Proposal Items:
The core team is currently heavily focused on v12.1 and current projects, so there are no new requests from us at this point. However, we have a good deal of community participation! Here’s all of those proposals. There are various threads dedicated to discussing these proposals (here on the Dash forum and on Dashwhale) and we encourage you to engage in debates and cast your votes. The budget table is based on what will fund thus far, but the final budget can change based on the final votes.
Payment-processor
Owner: DartPayments
Description: “To drive adoption of Dash one of the important pieces of infrastructure required is a high quality Dash exclusive payment gateway with instant fiat conversion....”
URL: https://www.dashwhale.org/p/payment-processor
Manually vote on this proposal:
dash-cli mnbudget vote-many 11bf975fe2fcd8103f598b10fa241c536e4f07c011e9ba03d94afc9a8cf32d6c yes
Change-X11
Owner: SnowHater
Description: “We propose a change of the current X11 mining algorithm in order to prevent inevitable centralization of DASH network through supplant …”
URL: https://www.dashwhale.org/p/change-X11
Manually vote on this proposal:
dash-cli mnbudget vote-many b61ed8c9f55a6c13b3f14e0ff767b075f7593f818715370a79dea7acd2c40cf1 yes
Proof_of_Labour
Owner: juliomoros
Description: “This proposal is a work plan which in this stage assesses the options on the grounds of the abundant open source solutions already existing to develop a decentralized system serving to widen the options for money creation…”
URL: https://www.dashwhale.org/p/Proof_of_Labour
Manually vote on this proposal:
dash-cli mnbudget vote-many e3536048673a9077c30d84b142dc9b9c0eb55eb9b60f0200c27636fd3aa67ce8 yes
Complete Budget:
Note: USD conversion assumes $3.94 as of February 29th, 2016 for new budgets and ongoing core team budgets. Old fixed-duration budgets use the exchange rate at the time of creation. Exchange rate risk is carried only by the proposer of these budget proposals and not by the network.
Satoshi Roundtable
As a small update from last month, Daniel and I attended Satoshi Roundtable. It was a really enlightening experience. The roundtable was not a typical conference in which we’re trying to sell ourselves to the general public, but rather a conference among the leaders of the cryptocurrency space. It was clear throughout the event that the main underlying issue of the blocksize debate is an issue of governance. The discussions provided us with insights about the conflicting interests that an effective governance mechanism will need to manage. Based on the discussions that unfolded, we have a high degree of confidence that our solution is an effective one. While our governance capabilities may need to be enhanced as we grow to a much larger size, we clearly won’t have the scalability and governance issues that Bitcoin has currently, and possess a clear mechanism to make changes to our governance model if required.
One of the other great outcomes from our experience was a new sense of urgency to improve the fiat to Dash gateways within the ecosystem and build out our existing platform so that everyone can come over now and begin using it. Bitcoin simply can’t keep up with user adoption from this point forward and that leaves users two choices: either leave the decentralized ecosystem and use fiat, or start working with alternative projects like Dash.
Another very important point to make about the Satoshi Roundtable was the very large issue with mining centralization in the Bitcoin space. When Satoshi originally invented Bitcoin, he did not anticipate the excessive mining centralization that has become a dominant force in the Bitcoin space. Due to this, we now have a small group of people that literally control the protocol consensus and their short term interests may be in conflict with the long term interests of other stakeholders, industry, users, etc. We definitely do not want our ecosystem to follow the same failed course and we definitely would have under the pooled ASIC mining paradigm. This is mainly because there are differences in efficiency that a miner can gain depending on where they live, which can give a huge advantage when their higher investment returns are compounded. Efficiencies such as cheaper labor, cheap or free electricity and even withholding newer advanced ASICs for their own mining operations, then selling them after they become less effective. After many iterations of these phenomenon in BTC we have come to a situation where the ones who have access to these advantages effectively control Bitcoin.
After hours of discussions, we believe we have found the solution to the unfair mining advantages that produce centralization around certain jurisdictions that control the production of ASICS. We will be releasing much more information about this soon, but are feverishly working on this project for v12.1. We’re going to be releasing much more information about this in the coming weeks; it’s going to be a giant advantage for the Dash project.
Previous Items:
Core Team Budget - 1,174 DASH (ongoing)
Public Awareness Campaign - 2,226 DASH (ongoing)
Dash.org domain acquisition - 2,100 DASH (payment #4 of 4)
Liquidity Providers - 121 DASH (payment #4 of 12)
Note: Liquidity Providers has been bumped out of the budget by DartPayments
We have created a new team to support the network by providing liquidity for the mixing.
Dash-Lamassu ATM Integration - 610 DASH (payment #3 of 12)
Satoshi-Roundtable - 718 DASH (payment #2 of 2)
New Proposal Items:
The core team is currently heavily focused on v12.1 and current projects, so there are no new requests from us at this point. However, we have a good deal of community participation! Here’s all of those proposals. There are various threads dedicated to discussing these proposals (here on the Dash forum and on Dashwhale) and we encourage you to engage in debates and cast your votes. The budget table is based on what will fund thus far, but the final budget can change based on the final votes.
Payment-processor
Owner: DartPayments
Description: “To drive adoption of Dash one of the important pieces of infrastructure required is a high quality Dash exclusive payment gateway with instant fiat conversion....”
URL: https://www.dashwhale.org/p/payment-processor
Manually vote on this proposal:
dash-cli mnbudget vote-many 11bf975fe2fcd8103f598b10fa241c536e4f07c011e9ba03d94afc9a8cf32d6c yes
Change-X11
Owner: SnowHater
Description: “We propose a change of the current X11 mining algorithm in order to prevent inevitable centralization of DASH network through supplant …”
URL: https://www.dashwhale.org/p/change-X11
Manually vote on this proposal:
dash-cli mnbudget vote-many b61ed8c9f55a6c13b3f14e0ff767b075f7593f818715370a79dea7acd2c40cf1 yes
Proof_of_Labour
Owner: juliomoros
Description: “This proposal is a work plan which in this stage assesses the options on the grounds of the abundant open source solutions already existing to develop a decentralized system serving to widen the options for money creation…”
URL: https://www.dashwhale.org/p/Proof_of_Labour
Manually vote on this proposal:
dash-cli mnbudget vote-many e3536048673a9077c30d84b142dc9b9c0eb55eb9b60f0200c27636fd3aa67ce8 yes
Complete Budget:
Note: USD conversion assumes $3.94 as of February 29th, 2016 for new budgets and ongoing core team budgets. Old fixed-duration budgets use the exchange rate at the time of creation. Exchange rate risk is carried only by the proposer of these budget proposals and not by the network.
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