What if The DAO invested in Dash?

snadoh

snadoh

New member
As an early investor and multi-masternode operator in Dash, I'm excited to see the rapid evolution (no pun intended) in the project. Recent spotlights on The DAO launch had me thinking, "hey - we beat you to elements of that a long time ago..." as @tungfa linked here.

One temptation is to see these other projects as competitors in a zero-sum game, us vs. them. In the case of the DAO, however, its stated goals and values (namely the spread of decentralization and privacy) would align well with the aims of Dash. As a token holder myself, I've been simmering on what a DAO proposal might look like along these lines.

A DAO investment in Dash would:
  • Bring great publicity.
  • Drive the Dash price up. With such low liquidity, it doesn't take much.
  • Attract significantly more supporters and investors as they see prior two bullets ;)
  • Strengthen the MN network (see below)
  • Fall right in line with Dash's own strategy for strategic partnerships (see business development section here)
The proposal itself might take the form of The DAO contracting the hosting of numerous masternodes (10-100-500?), with proceeds going back to the DAO. Obviously there are tons of technical hurdles on how that might be trustlessly accomplished (if it even can), but those are for a separate thread.

On this thread, I'm interested to hear feedback on the concept of attracting the DAO as an external investor.
 
TheDashGuy said:
How would this work exactly? Haven't been following the DAO much.
Click to expand...
Very similar to Dash: someone submits a proposal draft for discussion, eventually moving to a real vote (several technical steps there).

If you can win the votes, the money (ether in this case) is allocated to you along the lines of the smart contract. I've already seen code that can interact with shapeshift's API, so within plausibility to handle cross-crypto functions.

With ~$150M pool of funds, there are quite a few submissions. Poke around the current ones here:
https://dao.consider.it/ [side idea: Dash should get a consider.it account...]
and
https://forum.daohub.org/c/theDAO/prospectiveproposals
 
Cool idea. Buying dash is like purchasing a dividend paying stock in a decentralized PayPal. Would be awesome to see a DAO invest in another DAO. Dash is not a venture capital fund based DAO so we can't really make the investment in them but they definitely can in us.
 
I think this is a grand idea -- for as long as it could last! I believe in the medium-term, Ethereum will fail under the weight of its own blockchain, unless CASPER actually goes through and doesn't break the whole system. Then they'll at least have some paid nodes that way -- someone incentivized to run their gargantuan blockchain, growing under the weight of DAPPs that only need to pay a one-time small fee to be hosted forever (at least in current version).

So I think this idea is totally grand.
 
I'd love to see the DAO put up a MN just for the publicity.
What if we put up a bounty via the GBBC-MN vote to subsidize ONE node for the DAO?
Say 50 Dash? 100?
 
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