Hello David,
If we are to make the correct decisions we need to have a
well thought out logical and intelligent debate and not base decisions on
emotions or passion. To do so can cause damage both to the people you're trying to help and other DASH proposals that need this money.
I'm going to go through your replies stage by stage because in some areas your response is either not based on logical reasoning, but more calls upon emotional triggers. If you are here to genuinely want to help people of Venezuela then you will read what I have to say and answer intelligently with reasoned arguments - not unfounded emotional responses.
None of these are facts but I welcome your opinions.
You have used the word
"None" this word
is equivalent to say nothing. So what you are saying by using that word in the way you have is I have not given "
one single fact, or one single statement that is based on a fact or on a reasoned argument and that I have only given opinions"
I need to address your reply because it is
not valid, and misleading others from benefiting from a well thought out logical set of arguments.
To give the analogy of self financially sustaining I quoted in my first post the airline flight quote:
"Make sure to put on your own oxygen mask before helping other to put on their's "
This is a
factual statement. It is not my "opinion" . It is a fact. That
you cannot help others until you are in a position to help them. According to your statement that
"none" of what I said is based on fact is therefore not true. This statement
is a true factual statement.
Next I'm backing my reply based on
25 years worth of business experience. I am at the top of those businesses and not just any businesses, all of my businesses have been highly successful. My websites have generated
around 450,000,000 page views to my websites with approximately 100,000,000 unique visitors over a period of
15 years for these websites. My Education prior to starting in business I have 3 university degrees
BSc Hons, MSc (Masters) and a Ph.D . My Ph.D in particular trained me on how to think
impartially based upon
facts and logical deductions.
Not opinions based or emotion. I have also been a lead project manager for a number of successful projects and have experience in planning and executing successful marketing plans.
I have been a successful business owner and entrepreneur for 21 of those 25 years. I therefore have
extensive experience in knowing what makes a venture work. I am calling upon that experience to post my feedback on your proposal. These are not just "opinions" as you state. They are statements made on calling upon my business and professional experience and using my impartial logical deductive thinking which I have been trained to do.
That is why I stated that is was very difficult for me to write what I wrote because I had to put my emotions aside in order to make a logically reasoned statements
Therefore when you say you welcome my "opinions" it is actually
more accurate to state you welcome me
"sharing my business experience and logical deductive thinking" .
First of all my main argument that I'm trying to make is that it is
better to invest money in ventures that are financially sustainable than ones that are not. That means they can support themselves financially indefinitely once the project gets going.
An example of a sustainable DASH funded project is the
DASH HELP VENEZUELA project This project will be financially sustainable because it has a business model already
planned and worked out by the team that it will hire out their support to other DASH projects e.g. Colibit exchange and other DASH projects that need tech support. They will receive revenue for providing the support services. Therefore DASH HELP VENEZUELA has thought about and implemented a self sustaining financial plan in advance of submitting their project so that the DASH community can feel confident that they are going to be able to financially sustain themselves once the project gets off the ground with the seed funding. They may go back for funding in the future but that will be to expand the office with capital costs or to fund different projects. They may also need a little more funding to get their idea of the ground however the fundamentals of self sustaining revenue for their business has been well thought out.
Could you present your self sustaining financial plan for your project?
It is not enough to say people will know how to use DASH. That is not a financially self sustaining plan to generate more revenue from the revenue that has been distributed. That is only the very first stage which is to raise awareness of DASH and educated people on using DASH. These people have next to nothing. No businesses, no resources, no money, some don't even have a home. They have
very limited resources with which to make their $4 donation financially sustainable. So once they have spent their $4 what is your plan to show that $2,000,000 of DASH money is going to lead to financial sustainability? I cannot see your plan anywhere stated so far? If I'm missing something could you point me to your plan.
1) You're concerned that offering $4 of Dash will cause even more people to move to Cucuta? I'll argue that if that does happen the numbers compared to current migration will be statistically insignificant and not change the current situation.
You state you "argue" that it will be statistically insignificant. What specifically are you basing that argument on? What facts or reasoning? If you believe it to be statistically insignificant how much do you think it will be and why is it going to be statistically insignificant?
Here is my reasoning for stating this program is likely to increase the number of migrants to Cucuta.
If DASH funds a $2,000,000 project to give out free DASH to migrants in Cucare. Based on the fact that a well paid Venezuelan is now only making $2 USD / Day $2,000,000 is perceived in Venezuela as a
huge amount of money. You are proposing a DASH project which is effectively giving out very large volumes of free digital money to refugees that have next to nothing financially.
It is therefore only logical to come to the conclusion that this is going to be a
rather compelling incentive for people to visit Cucuta to get some of that free money because these people need money. This can only make the situation worse in Cucuta which is already bursting at the seems with excessive numbers of Venezuelan refugees.
What is your plan for dealing with an increase in migrants to the area during the promotional plan?
3) $4 is not going to get people out of long term poverty. It is a start, I never suggested this would bring world peace or solve world hunger. It's not just the $4, it's the access to banking, it's the ability to send it anywhere, it's learning that this isn't controlled by your government and that you can't just print a ton more of it out of thin air..
What exactly is going to be achieved by your project? You are going to educate people that are basically refugees. They have nearly nothing. They have no infrastructure on which to make our investment
financially sustainable.
6) If Dash doesn't have enough money to fund this project and the existing operations in Venezuela then I don't want to move forward. The existing community is already doing a great job and I don't want to detract from their efforts.
You said that none of my replies were based on facts.
Here is an undesputable fact. On the last round of DASH funding
many small projects were not funded by DASH treasury. These projects had got enough votes but did not go through. Why did they not go through?
Answer: There wasn't enough money in the budget.
One example of a valuable project that did not go through is the
DASH Academy project that was going to produce interactive training courses on DASH and this project received enough votes on the last round of funding to go through. But it did not go through because the funds were swallowed up by large DASH funded projects by the Core team. This is rather like your project would do. If your project goes through you would exclude many other valuable projects from going through. Projects which may well be financially self sustaining. The DASH Academy project will bring sustained ROI to the DASH community because the project lead is providing the source files to all DASH projects. This means that all DASH projects now and in the future would benefit from high quality DASH training that they can use in their projects. This is one example of a project that would give sustained ROI.
They key thing for sustained ROI on projects is they need to have their own in-house resources to make them sustainable or have a plan to use seed capital to ensure to create a business that will create sustained financial return. These are the projects with long term sustainability.
Your project is proposing using large amounts of funding to give to people that can't do much with it because of their circumstances to make those funds work sustainably. That is not a good use of money. Wouldn't it make more sense to give that money to businesses that could become financially sustainable or projects that have a continual return on investment with many other projects over a long time period?
If your $2,000,000 project goes through make no doubts about it other projects will not go through. The DASH treasury fund has a limited fund. It is not a limitless fund.
We need to carefully choose and assess each project and ensure that projects that offer the most long term financially sustainable impact go through. We also need projects that are going to be up and running as soon as possible. That means they need some of their own resources to do this. Refugees don't have much in the way of resources to back their project. At best we are just giving them handouts and giving them some basic information on DASH.
You are talking about where the money is best used. My youtube channel has 6.5 million views, I'm speaking all over the world at events, I'm organizing the volunteers, taking responsibility for logistics and not asking for any money myself.
When you say your Channel has 6.5 million views. Are you saying that all the videos that you have ever produced in total have a total of 6.5 million views? If that is correct are all your videos about Cacuta and Venezuela situation? If they are not then the actual number of views for just this project is going to be considerably less than 6.5 million views. I have just logged onto your youtube channel now. Your videos typically get anything between 14k to 150k views each.
Individual videos receive considerably fewer views than the 6.5 million views you stated above for your entire channel. How many videos in total are you going to produce on the Cacuta project?
The other factor consider is that even if you have got reasonable traffic to your youtube channel. The publicity is only helpful if the project
actually is successful. If it is not successful or there are issues that arise out of the project not functioning well then it could cause negative publicity for DASH.
Before I start any business I do extensive market research. This can take anything from a few months to a year before I have enough information to make a decision. Many times after investing in months of market research I find out that the project would not work. For me this is a valuable learning. It is better not to start a project that will not work or will cause damage. The investment was worth the time and money in the market research and saved me a lot of heartache and problems later down the line.
I therefore commend you on going out to Cacuta first to assess the situation first.
If you could also do a trial with a small number of people it would also give you some more valuable feedback.
I can see you are passionate about helping the people of Venezuela and that is commendable. It is also clear you have good intentions and your heart is in the right place.
It has been difficult for me to give this feedback. Personally my heart goes out to these people in Cacuta. If this project worked i.e. was certain to get these people out of the situation they are in permanently then I would be the first person to support it. However with the information I have at the moment I cannot see this project being successful and I think it
will cause more damage and harm not only to Cacuta but also to other DASH projects that need the funds to work.
I hope that what you learn on that visit you will share with the DASH community in an impartial way.
DeepBlue