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Pre-proposal: Let millions of Chinese investors on Huobi invest Dash

tungfa said:
guys take it easy
yes it is a cultural thing
they are still learning the system and 'how to' - hence
huobi did the pre proposal thread (here) as asked, sure they did the proposal a bit quick - but not everybody is a pro as us
(+ they wanna build some PR and promotion around that proposal , so they need to put it out there early to have time build that marketing)

yes there are a lot of cultural differences (as with any other culture / country)
giveaways are a big thing in china , i had multiple conversations with our chinese team + Huobi about it
i trust them , a they are 'the' locals and know that culture (that is why Alexy + raico are our Dash China Team since 3 years +)
we have these people in place because we need their input for that culture - as decentralised as we are we have to be in cultural differences as well
so - if they (the locals) confirm to us - it is the way to go in their country / culture - i listen to them as they 'know' (and that is what they are hired for)
;)
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I understand, but I'm not interested in Huobi marketing for Dash. If they want to do that on their own or do their own airdrop with their own money, in order to boost exchange activity or whatever, then fine, but I have no interest in having Dash pay for special marketing treatment.
 
Foyva said:
I do hate the idea of giving it to traders holding LTC and BTC. Can't the 1000 Dash just be used to allow it's users to not have to pay withdraw fee until the funds run out? They could even set up a masternode and airdrop the rewards to everyone holding 1 Dash on their exchange. You know incentivise people to buy Dash instead of giving it to them.
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THIS ^
How about offer everyone who holds Dash on the exchange a daily interest equivalent to 2-5% annually? It would be achievable if Huobi set up masternodes with their cold storage, without even needing to be funded from the treasury. It would incentivize purchasing dash or depositing dash in the exchange, and would be a win for everyone.
 
TroyDASH said:
I understand, but I'm not interested in Huobi marketing for Dash. If they want to do that on their own or do their own airdrop with their own money, in order to boost exchange activity or whatever, then fine, but I have no interest in having Dash pay for special marketing treatment.
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the giveaway is just a side show
what it is really all about is presenting our governance system (and huobi promoting that)! Segwit2 just crashed and got canceled - now is the time to do something like this and think outside the box and try something different (specially in china ;))
 
tungfa said:
the giveaway is just a side show
what it is really all about is presenting our governance system (and huobi promoting that)! Segwit2 just crashed and got canceled - now is the time to do something like this and think outside the box and try something different (specially in china ;))
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It might be a side show, but that is not how it was presented in the proposal description. To review:
---------------------------------
2. What’s the proposal for?
We are the leading global digital asset exchange – Huobi.pro. We would like to integrate Dash in our exchange. Not only bring Dash to our millions of users from 130+ countries and regions all over the world, but also make them Dash fans. We will spread Dash’s technology and unique characteristics to the Chinese market through our website announcements, articles, videos and training. Since Huobi is one of the largest exchanges in China and we’ve been operated for four years, we own great reputation in digital asset industry. Listing Dash on our exchange will definitely increase the popularity and liquidity of Dash in China, even the world.

3. What will we do?

a. Exchange. We will list Dash/BTC and Dash/USDT trading pairs on Huobi.pro and create millions of Dash hot wallets for our users and cold wallet for our platform.

b. Air drop. We will air drop Dash to all our bitcoin and litecoin traders, encourage them by this to use Dash, experience the Speed, try it out and see the difference in Dash and its technology. We will launch promotions to introduce Dash to our users and make them well aware and educated in Dash.

c. Marketing. We will post announcements on our website and Social Media which will be exposed to our millions of users, Dash will definitely get more popular in China. Huobi’s marketing channel will includes:
--------------------------------

If I take (2) for what it says, then (3a) is the part that matters. (3b) and (3c) do not pertain to the purpose of the proposal, but we are being told that the entire funding will go towards (3b).
What will Huobi do if we do not fund this proposal? Are they not going to add Dash, or are they not going to try to market their services anymore?
 
tungfa said:
the giveaway is just a side show
what it is really all about is presenting our governance system (and huobi promoting that)! Segwit2 just crashed and got canceled - now is the time to do something like this and think outside the box and try something different (specially in china ;))
Click to expand...

I think what we need is more developers, more merchant accept Dash rather than attracting traders. And 1000 Dash is too much for that.
 
My mind is made up. I don't think it's coincidence at all that we're going through this update AND getting this proposal at the exact same time. Tungfa is right, this is our opportunity to show the world we are able to reach consensus, whether it's doubling the block size or entering asian markets with force. I'm going to trust core on this one. They've been working hard behind the scenes and it's better we put aside our differences and actually get things done.

Huobi would make a good ally and give us good leverage into other asian exchanges / markets where remittance is really big. I believe Huobi have the knowledge to deliver on their proposition.
 
I think a lot of has been "lost in translation" here, Huobi has, in their excitement, written some things into the proposal that they will do unconditionally, regardless of whether the proposal passes or not. Dash integration and social media marketing are DONE, and by done I don't just mean a done deal, but LITERALLY ALREADY LIVE. See here:
https://www.huobi.pro/notice_detail/?id=673
https://www.huobi.pro/zh-cn/notice_detail/?id=672
https://imgur.com/gallery/cx1g5

And here:
dash_huobi_launch.png deposit.PNG dash_huobi_cn.png

tl;dr deposits are already live and trading begins 10:00am tomorrow.

So, since 2, 3a and 3c are already done, and they have already put an unspecified amount of their own funds towards carrying out 3b, the proposal is now whether or not to put forward 1000 from our budget to support their airdrop. Granted, features like IS and DASH/RMB or other pairs would be great from launch, but this is something that comes later, depending on volume and legal constraints. This is not a pay to play integration, so it's not fair to make passing the airdrop proposal conditional on these other things, the vote is on the airdrop proposal at it stands. That is where some cultural questions come in to play.

I've lived in Beijing for the past 7 years and seen a lot of change, a lot of companies and promotional schemes come and go. Mobike, Uber, Didi, Wechat Wallet, Alipay, Taobao 11.11 giveaways all spring to mind. All major Chinese companies gain market share by giving away their product to get user's hooked, and a launch here without that will come across as miserly and unambitious. I see this as a vote on one of the biggest launch giveaways in Huobi history, with the social media fanfare to go with it.

You want business development, Chinese market share and awareness? This is how it is done in China. Dash Core, Alexey and Raico have been working hard on this in Beijing. Voting YES.
 
smh

Asian culture does treat and view money differently. But, they also know how to take that excuse waayyy too fucking far and just scam people.

"It's a culture thing!" ...and now you're broke. Ha ha! Fuck you Gwai Lo!

Their culture isn't the only one that matters.
 
Please set aside differences,liquidity is an important indicator of DASH,more shelf space means there is a better environment for sprint development.
 
strophy said:
I think a lot of has been "lost in translation" here, Huobi has, in their excitement, written some things into the proposal that they will do unconditionally, regardless of whether the proposal passes or not. Dash integration and social media marketing are DONE, and by done I don't just mean a done deal, but LITERALLY ALREADY LIVE. See here:
https://www.huobi.pro/notice_detail/?id=673
https://www.huobi.pro/zh-cn/notice_detail/?id=672
https://imgur.com/gallery/cx1g5

And here:
View attachment 5168 View attachment 5169 View attachment 5170

tl;dr deposits are already live and trading begins 10:00am tomorrow.

So, since 2, 3a and 3c are already done, and they have already put an unspecified amount of their own funds towards carrying out 3b, the proposal is now whether or not to put forward 1000 from our budget to support their airdrop. Granted, features like IS and DASH/RMB or other pairs would be great from launch, but this is something that comes later, depending on volume and legal constraints. This is not a pay to play integration, so it's not fair to make passing the airdrop proposal conditional on these other things, the vote is on the airdrop proposal at it stands. That is where some cultural questions come in to play.

I've lived in Beijing for the past 7 years and seen a lot of change, a lot of companies and promotional schemes come and go. Mobike, Uber, Didi, Wechat Wallet, Alipay, Taobao 11.11 giveaways all spring to mind. All major Chinese companies gain market share by giving away their product to get user's hooked, and a launch here without that will come across as miserly and unambitious. I see this as a vote on one of the biggest launch giveaways in Huobi history, with the social media fanfare to go with it.

You want business development, Chinese market share and awareness? This is how it is done in China. Dash Core, Alexey and Raico have been working hard on this in Beijing. Voting YES.
Click to expand...

Thanks for clearing some of that up. And yes it may be the case that things are done differently in China. I'm just not sure why doubling the airdrop is so important. We are saying if they only use their own 1000 dash it may flop, but if they use their 1000 dash + 1000 dash from the treasury, then it will be super successful? What am I missing here
 
Macrochip said:
Thank you for your insight long time community member of 32 minutes able to talk about "us" in his very first post on this forum.
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I'm curious... How long does one have to be a member of a community to realize that shooting yourself in the face is a bad idea?

Maybe 10 years of shooting himself in the face as part of the group, then he has the clout to say it's stupid?

It takes a lot less than 32 minutes to realize how stupid this is. Unless you're even more stupid, then you probably think it's a great idea.

Whatevs. I don't vote. Let the suckernodes make fools of themselves. Too dumb to even know how dumb they are... Again. Still.
 
tungfa said:
Segwit2 just crashed and got canceled - now is the time to do something
Click to expand...
Fuck me... It's been time to do something for over two years.

Nobody gives a shit about DASH being ponzi traded in China, least of all the Chinese.

An announcement of retail service by BitPay or Kraken supported by DASH...

Oh, right, someone was already doing that, and you pulled a zero day bug that was never exploited as an excuse to shut the whole feature down within hours of the project's release, just to stop them from going live... AGAIN! That's two times DASH could have had a retail presence and actually be used in real life, and The Usual Suspects killed it.

But, naw... Lets blast a bunch of money through a jet engine at PVG and let people chase after it... That'll help!

Well, at least they won't be photocopying the BTC blockchain again...
 
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strophy said:
Dash Core, Alexey and Raico have been working hard on this in Beijing. Voting YES.
Click to expand...

Also wanted to add -- if Dash does not vote this in, it does not negate the work done by Dash Core, Alexy or Raico on working with Huobi for integration. Unless they made presumptuous promises about getting funding from the treasury.
 
Iñaki said:
Of course market presence in Asia is needed
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There are plenty of exchanges in Asia.

bx.in.th even has a direct local fiat to DASH trading pair (THB/DASH).

They didn't even talk to us about it. They just did it. No ransom demands or anything...

It's been a cultural observation that Thai people, on average, tend to be a lot more honest than the Chinese... Aw, shit! Culture! Was I being insensitive? Eat a bag of self-identifying gender pronouns...
 
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bhkien said:
I think what we need is more developers, more merchant accept Dash rather than attracting traders. And 1000 Dash is too much for that.
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I agree in principle. However please keep in mind that currently between 80% and 90% of activities on crypto IS trading and speculation.
This was even recently confirmed by the research done by Ogilvy during their preparations...

We work on mass adoption in the future but we cannot ignore the reality.
 
HELL YEAH !!!!! thats not even 1 DUFF per Chinese Citizen !!!!! 1000Dash for Dash to be exposed to 18.67% of the total world population , how can i say no to this proposal !!!!
 
camosoul said:
I'm curious... How long does one have to be a member of a community to realize that shooting yourself in the face is a bad idea?

Maybe 10 years of shooting himself in the face as part of the group, then he has the clout to say it's stupid?

[...]
Click to expand...

I am waiting impatiently for the moment when you realise that you do exactly something like this :p
 
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