Preproposal - Dash Fund

Wilmar Toro

Wilmar Toro

Active member

Dash Fund​

I really like the sentence “less is more”, so I´m going to show you this in the simplest way possible:

I saw some proposals trying to change the Proposal fee of 5 to 1 or 0.1 Dash, an adaptative fee proposal, even a sub DAO (or Sub-budget). Not successful.

The objective is one: help people that have good ideas and don´t have 5 Dash to submit a proposal (or at least get founded in the case of the sub-budget)


Fact 1: The idea is make a Dash a cryptocurrency used by everyone…. Everyone.
Fact 2: Dash is decentralized, it means Dash should be used even by people that are not “rich”.
Fact 3: Good ideas can come even from people that doesn´t have 5 Dash.
Fact 4: At actual rate, 5 Dash is near 595 USD, according with the country this is a small amout or it´s more that monthly incomes (salary).
Fact 5: (This is my philosophical though) Blockchain technology has come to change the paradigm. We can use this rising technology to show the world we can build a human system, where we can support together and where we value the creativity, passion, and brilliant minds.


WHAT IT IS ABOUT?

A way to help people fund the 5 Dash needed to submit a proposal to the Budget (crowfund 5 Dash)


WHO CAN CONTRIBUTE?

Anyone who believes in X or Y proposal, anyone who see potential, anyone who believes the proposal can improve the Dash ecosystem even in a remote town. Anyone who wants to help that idea, but is aware that the idea might not be approved and maybe can´t get his/her funds back.



DETAILS:

  • Person A wants to submit a proposal to the Budget, but he/she doesn´t have the 5 Dash of fee.
  • Person A makes a pre-proposal in two sites: Pre-proposals Dash Forum and Dash Fund.
  • Dash Fund creates a unique address to the project, where founders can contribute with the amount of Dash they choose. This is (should be) the unique address authorized (published)to receive funds.
  • Once the 5 Dash are reached, Dash Fund creates an official proposal in Dash Central.

Case A: The proposal is not approved

Here is not way to make a reimbursement to the funders, but if each one supported the proposal with a small amount of Dash, the loses are lower.

Case B: The proposal is approved

Once the Budget withdrawal the funds, Dash Fund makes reimbursement to each founder in the same address from where they fund (the total 5 Dash)

Also, Dash Fund withdrawal the rest of Dash to the Person A.

Update 1: The payment must be made on a multisig wallet 2 of 2 (Dash Fund and Proposal owner)
Update 2: Please refer to dashfund dot org in order to see a small infographic.

TECH DETAILS

Each pre-proposal submitted to Dash Fund will have a unique address for crowdfund.

The founders don´t need to sign up. The reimbursement (if apply) is made to the same address from where they contributed.

When a proposal doesn´t reach the 5 Dash fee, the founders get reimbursement of their Dash.

COSTS:

Reimbursement (of this one): 5 Dash
Domain, hosting and development: calculating…
Management: calculating…

NOTES:

- This is just a proposal to develop a way to help fund 5 Dash to those who doesn´t have it.

- Although this proposal seems similar to “Grassroot crowdfunding system”, the goal of this is just help fund 5 Dash fee to submit proposals at Dash Budget. If the proposal is approved the founders get reimbursement. I don´t think there´s competition here, both proposal makes use of crowdfunding with a different way for a different goal.

- Many pre-proposals in the Dash Forum have good comments of people that likes the idea. Each one of these supporters can help with an amount of Dash to crowdfund the 5 Dash fee.

- This system promotes collaborative environment. If 1 person pay the 5 Dash fee and the proposal is not approved, this person lost a considerable amount. But if..say 15 persons support the 5 Dash fee and the proposal is not approved, each one loses an small amount.

- This System can be used like “filter” to see the acceptation of the proposal in the community, helping to powering it.

- This proposal although seem similar to "Grassroots Crowdfunding System", but have a different system and a different goal. Him tries to crowfunding small projects with a plan of score, mine one tries to crowfunding the 5 Dash fee to submit a proposal at budget, with the posibility of get reimbursement to the funders (If the proposal is voted YES).

This proposal will be submitted only if it works in the way it proposes (crowdfunding the 5 Dash), as a way to show (or not) its relevance

I encourage to everyone who believes in THIS proposal to make together the first exercise of FUND IT

XtqEiGvHZ9oubwwaNrcZ7iJY5CJ2KJqp77​

 
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I think 5 dash is minor and it precents people from spamming. Even though currently many proposals seems to be commercial projects trying to let the community pay for their Launch. Everyone can post their idea prior to submiting it before paying 5 dash. If someone has an awesome idea I am sure someone would pay the 5 dash.
 
As Dash grows, a coin may cost a fortune tho.

I just posted a proposal. And apparently I need to wait 48 hours minimum before I can buy coins to get verified. Hopefully this madness will end when Dash evolution launches.
 
Instacoins said:
I see dash only going higher. Its also a Problem for me.
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Yes, The rate Dash/fiat is changing, The value of each Dash get higher, but the MN still with the vote of "NO" to any proposal to adapt the fee (1 Dash, 0.1 Dash, Adaptative fee). This is the reason I made this pre-proposal. We will see what the community and MN think about it.
 
A lot of elitists seem to think Dash proposals should cost a fortune. It is the Bitcoin scaling problem, massive fees and people think that is good...

Privileged westerners think 5 Dash is nothing to a "spammer". This is of course wrong, but I have given up on these people and hope they don't destroy Dash.
 
Acedian said:
A lot of elitists seem to think Dash proposals should cost a fortune. It is the Bitcoin scaling problem, massive fees and people think that is good...

Privileged westerners think 5 Dash is nothing to a "spammer". This is of course wrong, but I have given up on these people and hope they don't destroy Dash.
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I think you are forgetting that you can bring an idea on the table without making a proposal.
 
Nope, I am not forgetting that. You are forgetting that only 1% of masternode owners bother to give input on "table ideas".
 
Is $500 better at stopping spam than $100? I think not. If someone is willing to risk $100 I think we (MNO) should read that proposal. Lazy MNO shouldn't have a place here.
 
Acedian said:
Is $500 better at stopping spam than $100? I think not. If someone is willing to risk $100 I think we (MNO) should read that proposal. Lazy MNO shouldn't have a place here.
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If someone is willing to invest 120k he deserves to be hear. But I agree that at some point the fee might need to get lowered.
 
I want a say in Dash because I want to see it succeed. That is my incentive to read and vote on every single proposal. I will keep doing this and making suggestions on how we can improve. Many of my ideas may well be short sighted, but it might just be the stupid idea that inspires a great idea.

MNO are getting paid, make them work for their money! Cheaper proposals, more ideas, more innovation.
 
A trustless crowdfunding option would effectively bypass this and we've recently been told it's technically possible. I would therefore vote no on this proposal.
 
Damian Walker said:
- Although this proposal seems similar to “Grassroot crowfunding system”, the goal of this is just help fund 5 Dash fee to submit proposals at Dash Budget. If the proposal is approved the founders get reimbursement. I don´t think there´s competition here, both proposal makes use of crowfunding with a different way for a different goal.
Click to expand...

I don't recall the specifities of the grassroot crowdfunding system, Are you implying that grassroot proposal is not reimbursing the fees if the proposal is approved ? I doubt it but I let you come back to me on that. Anyways, your project seems a lot similar to Martin's Rue project would you mind sharing the positive differences that makes yours better (I believe you are in direct competition with his proposal) because I'm not sure to have understood them ?
 
Leonidas said:
I don't recall the specifities of the grassroot crowdfunding system, Are you implying that grassroot proposal is not reimbursing the fees if the proposal is approved ? I doubt it but I let you come back to me on that. Anyways, your project seems a lot similar to Martin's Rue project would you mind sharing the positive differences that makes yours better (I believe you are in direct competition with his proposal) because I'm not sure to have understood them ?
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akhavr said:
My idea was to solve this by creating a forum tipbot. Unfortunately, I'm spread too thinly lately, so this project is not active now.
Also check this thread, discussing a trustless solution pre-proposal-grassroots-crowdfunding-system
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It seems his project don´t include a reimbursement. This is why I said our projects seems similar, but have a different system and a different goal. Him tries to crowfunding small projects with a plan of score, mine one tries to crowfunding the 5 Dash fee to submit a proposal at budget, with the posibility of get reimbursement to the funders (If the proposal is voted YES).
I have no talked with him but may be a good idea.

Also I updated the proposal, including a multisig capability (2 of 2) to manage the Dash payment (if apply)
 
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It's interesting to see these two approaches to addressing this issue. I like this one in particular. What I'm looking for is a simple way for people to be able to sponsor proposals and assume a share of the risk, and that's exactly what this does. It would certainly be an improvement to the current method of trying to get crowdfunded by collecting tips in Slack, where there is no tracking to prevent overfunding, and funders do not automatically get their share back if the proposal does not happen or if it gets funded. It's important that the risk is still there -- people would only be incentivized to sponsor a proposal if they think it has a good chance to pass and they want the project to happen.

It would be nice if this could be implemented as a decentralized solution somehow, but in the absence of that, this would be better than the status quo. In the long run I would like to see a trustless method, but this could be acceptable at least in the short term so that people have an option. It would quell some of the concerns people have about it (which helps to alleviate a contentious issue), although the amount that a crowd-sponsoring system like this would actually be used remains to be seen. I'm not really convinced that the 5 dash barrier is preventing many passable proposals from being submitted in the first place. (The only actual example I have heard of was someone on reddit saying they wanted to run facebook ads but couldn't afford the 5 dash proposal fee, which frankly, I don't think would have passed)
 
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Hi TroyDASH, thank you for your time reading the concept I propose.
You are right,a decentralized method would be the ideal, sadly how we saw the diferent proposals (1 Dash fee, 0.1 Dash fee, Adaptative fee) were not been supported. I saw a "proposal Evaluation committee" that personally don´t like because it is centralize the flow of proposals. In this one I am sketching the community is who support if they think it has a good chance to pass.

TroyDASH said:
It would be nice if this could be implemented as a decentralized solution somehow, but in the absence of that, this would be better than the status quo. In the long run I would like to see a trustless method, but this could be acceptable at least in the short term so that people have an option.
Click to expand...
Again, I agree with you, this one is a short term solution while the whole community (including MN, teams, users...etc) make a consensus about this now-issue. ¿What will happen the day when the fee overcomes the budget requested? (and this happens now with small proposals)

Finally I only can say that crowdfunding the 5 Dash fee can help shares the risk, can help some proposal-owners with loe budget submit a great proposal, can help to see the community aceptance or not.
5 Dash in one country or other may be a little or a big amount.

Thanks for your comment !
 
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