what are the dark coin foundation donations used for?
Core Developer Contest and Sponsor Program
- Thread starter eduffield
- Start date
Just curious...is it possible to put up current donation drives that we need funds for on the foundation site? That way we can pick items we are personally attached too. Just a thought. As a foundation member do I have access to that site? Thanks. I'll move to a PM with you to discuss this so that I'm not hogging this thread.
darkchild
Active member
I'll drink to that!
darkchild
Active member
I'd like to order a few limited edition bottles of DASH. It might be nice to have a commemorative bottle for the launch of DASH to remember the day we committed to changing the world.
Discussion about how the foundation should use its funds should be posted in the Foundation forum :wink:
darkchild
Active member
With the Allspark gone (DARKCOIN), we cannot return life to our planet. But fate has yielded its reward: a new world to call home (DASH). We (THIS COMMUNITY) live among its people now, hiding in plain sight, but watching over them in secret, waiting...protecting. I have witnessed their capacity for courage, and though we are worlds apart, like us, there's more to them than meets the eye. I am Optimus Prime (EVAN DUFFIELD), and I send this message to any surviving Autobots (CORE DEVs) taking refuge among the stars (OTHER ALTCOINS): We are here. We are waiting.
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crowning
Well-known member
One very important thing, our own UdjinM6 and Flare are already going to be part of this program, and they are already working full time Dash.
Does that mean they quit their daytimes jobs?
I already see the next tweet: "Dash decreases unemployment rate" :grin:
We still haven't approved any expenditure, but they should go to anything that the foundation supports. They are very limited right now, so we have been very conservative. I like your idea towards specific drives being published there. Or we could have a unique address but vote on the actions towards which we should use the funds... We'll have to open that discussion as soon as all the rebrading project is done and we can be back to work
Absolutely yes, Flare and Udjin are already working full time for Dash with no separate employment. That is why we really need Masternode Operators to support the Sponsor Program, we want to have more core developers and support the ones we have. This is really important for the project and to be able to realize all those goals we have set for the project as discussed by Evan in the last interview.
Please Masternode Operators we are in need of backers so we can add more developers to the team! See your investment multiply, we need to give in order to receive.
Lets say there are 2000 MN donators,
and one MN monthly current incoming is about 15 DRK,
and every 2000 donator agree donate 10%,
that is 1.5 DRK per MN per month, and 3000 DRK per month total.
What you think?
Edit: corrected %
oblox
Well-known member
Yes, 1.5 DRK is so small amount, thats really does not matter much.
If every Masternode Operator, would donate a percentage like that it would be perfect, but the problem is that it absolutely needs to be voluntary. So it is unlikely we would be able to achieve such a high percentage of compliance, so I think we will need those with vision to step up and help as much as possible.
I am committing a large percentage of my masternode earnings to fund a full slot, because I keep all my capital so it is really not too much of a burden and I expect to receive that back tenfold from an increase in value of my capital.
The other option is not having developers which long term would result in my capital going back to zero, so is not like we are being super altruistic is just the smart thing to do and what would guarantee the continuity of our assets.
The time when new developers could just buy in and work based on the coins they hold is already past, if we want this project to scale it is our responsibility as holders and investors to fund new developers.
alex-ru
Well-known member
Excellent initiative. I hope that we shall soon see same for PR-sponsorship. I think that this is as important as to sponsor a development - because in the short term could have a greater impact on DASH's price.
The problem with the current MasterNode operators is that many of them are bought DRK at the peak of prices and has not yet reached the area of profitability.
As soon as they'll find themselves in a significant profit - they should be able to feel confident and much more likely to sponsor money than now.
Including everything that affects the long-term success - development and so on.
The higher price is, the smaller percent is required to support a larger number of developers.
Therefore, we shouldn't underestimate PR also ... - this "spiral of DASH success" should grow evenly from all sides, not only through the development support.
But I still feel that this system is unfair - in an ideal system (ie such a system will have greatest competitive advantage) in theory, all recipients of new coins should sponsor an equal share (at the protocol level?). I understand that "taxes" may cause a mass attack of Trolls - but if it is possible to organize spending in decentralized way - The long-term advantages might be bigger than short-term black PR.
Sorry - of course Evan and you guys better feel this problem (and also no other coin collects "taxes" at the moment) - so i just pronouncing here my opinion, but trust you to find most effective way to proper finance all aspects of DASH's success.
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Integration? Is there more info?
oblox
Well-known member
You certainly will not survive the backlash of a currency "tax" even if it went towards something good like developers creating new features and adding utility. No different than what conventional taxes are suppose to be partially used for--ex: improving infrastructure.
Sure, voluntery is only option, but it needs massive PR campaign.
Also do not forget miners, traders and common users.
Edit: typo.
The thing is, we mustn't force MN owners to pay a tax. Imagine the rage in the community (especially from competing currencies' fans). Having an optional donation is however an awesome idea.
alex-ru
Well-known member
Every minable coin has an inflation = tax for current holders.
With Bitcoin it is a kind of dullness = all these "taxes" are sending to miners (so they don't support innovations).
With DASH it is much more effective now - because MasterNode Operators are interested in innovations so SOME of them will donate voluntary.
But it is still not the most effective system IMHO.
And I hope if more effective system exists - DASH will be the first player who discover and apply it.
And if there is no more effective system then now, it's also OK - so no one can compete with DASH.
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