Search results

  1. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Dash's 'free money' problem continues to plague the project. Lazy, parasitic recipients of the treasury know they are safe as long as the MNOs remain apathetic. If MNOs were directly incentivized to scrutinize each project and it's results, or lack thereof, the MNOs would give the boot to...
  2. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Folks, the treasury's 'free money' problem must be addressed. It will also cure MNO voter apathy and increase the effectiveness of the proposal system. Do what you can to raise awareness of this problem. We need a proposal in a timely manner.
  3. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    The higher Dash's prices goes, the more important it is we solve the 'free-money' problem.
  4. F

    Ryan Taylor's AMA

    My question to Ryan for the current AMA: When can we expect to see more discussion from you about the treasury's free money problem?
  5. F

    Ryan Taylor's AMA

    Why is there no announcement from DCG about Ryan Taylor's AMA, currently in progress, here on the forum??
  6. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Thank you for your comment. You wish to see MNOs grant their voting keys to MNOs who have a proven track record of making positive contributions. Sounds great. But if MNOs dont even bother to show up in the first place to give a simple yes or no on a dozen proposals, how can you expect them to...
  7. F

    09: Decentralized Decision Making: Proactively Building Dash Decentralization

    I agree that the DIF should be approaching the MNOs before signing any contracts or spending money. I agree that power tends to want to preserve and expand its power, that the people must remain ever vigilant, and that voter apathy helps those in power to stay there. I believe MNO apathy is the...
  8. F

    Pre-proposal reduce the proposal fee to 1 dash

    The Treasury's 'free-money' problem should be solved before we do something like this. https://www.dash.org/forum/threads/pre-proposal-solving-the-free-money-treasury-problem.51107
  9. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Dash finally has some wind in its sails. However, the free money problem ensures ineffective spending will only increase in USD terms. We must create a sense of ownership to the treasury funds by allocating the leftover funds each cycle to the masternodes (or split with the miners). Untill then...
  10. F

    A communication to Dash Management

    Only when proposal owners face the prospect of more 'no' votes will they finally be incentivized to be more responsive to MNOs. MNOs need direct incentivizes to hold proposal owners accountable. The status quo is not working...
  11. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    It is worth repeating: MNOs own a lot of dash. They care about their investment. They are not so stupid or greedy that they would vote down every proposal. Granting leftover funds to them at the end of each cycle would bring many benefits: It would create a sense of ownership of the treasury...
  12. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Folks, when the MNOs feel the money coming out of their own pocket, they will expect more transparency and responsiveness from proposal owners. Until that happens, you can expect the same poor results that Dash has experienced.
  13. F

    "DCG and DIF are requesting ~500 dash per month for the next 6 months for dash platform marketing warchest. Thank you."

    If DCG knew they faced more 'no' votes every month surely they would be more transparent and responsive. As long as MNOs see the treasury as free money they will keep spending it without putting any pressure on the recipients. Its too easy for them, and the results speak for themselves.
  14. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Folks, the treasury's 'free money' problem will not go away. Only when we make the necessary adjustment from 'free money' to 'my money' will spending get smarter. Look at nearly any government in the world, where the answer is to 'throw money at the problem'. Extremely large amounts of money are...
  15. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    Correct, that is the intent. Please see the new thread where we are continuing discussions, and vote in the poll.
  16. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    vazaki3, I understand your desire for an 'other' option. However, my goal here is focused on creating a sense of ownership over the treasury funds. Currently it is viewed as free money and is handed out freely to ineffective POs. If the masternodes feel like it is coming out if their own...
  17. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Geert, on my first proposal on Dash Central, you claimed that this adjustment was your idea. At that point it became clear you are a troll, and this will be my only response to you. If you decide to continue to troll, that is up to you. Source...
  18. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Folks, we really are sliding into oblivion. It does no good to be in denial. All the various projects funded over the years would have prevented it if they were effective. The "other people's money" or "free money" problem is real. We must grant leftover dash to masternodes or split with miners...
  19. F

    Decision Proposal: Increase Proposal System Flexibility & Efficiency

    Please take a moment to vote in a poll to adjust incentives: https://www.dash.org/forum/threads/pre-proposal-solving-the-free-money-treasury-problem.51107/unread
  20. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Folks, keep in mind I set up this poll so you can change your vote as you see fit.
  21. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    If you are a member of discord or other platforms, your help in reaching out to those users would be appreciated. I agree with qwizzie that this is something that needs to be discussed transparently here out on the open internet. Get those folks out here, please. Also, keep in mind that it is...
  22. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Thanks for your comment, the snark you put into it gave me a laugh. To your first question, It was inspired by @rick, but I feel the solid logic should be applied to the treasury as-is before any increase. Here is my first comment suggesting the idea, back on January 16, 2020. Here is my first...
  23. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    The status quo is definitely the safer option, but the results so far speak for themselves. We are in the 30s. It matters. Outside of funding development, all other efforts have proven to be ineffective in adoption. The slide will continue. Even if evolution comes out, the MNOs will continue to...
  24. F

    Pre-Proposal: Solving the 'Free Money' treasury problem

    Solving the 'Free Money' treasury problem: Other than funding developers and some early progress in venezuela, the Dash treasury has proven largely ineffective over the long term. Anyone being honest and objective can see that. Millions and millions of dollars worth of dash has been handed out...
  25. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    We must solve the Other People's Money problem! The simplest way to address it is to have leftover funds be given to those who restrain spending.
  26. F

    MNO incentives

    Thanks qwizzie, but I think I'm done with this shitshow. Feel free to submit it yourself, you have more masternodes than I do. I already blew 5 dash on my first proposal, and I got zero participation on the pre-proposal discussion, including you, and now all these bozos hiding out on discord are...
  27. F

    MNO incentives

    Hello Dash community, A couple cycles ago I submitted a proposal aimed at incentivizing greater MNO participation in evaluating and voting on proposals. It received almost zero comments on the forums, and a few weeks later I submitted it anyway. It went down in flames, and while I'm out 5 dash...
  28. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    Thanks for the correction. It would have been great to have your participation earlier. No, in the end that makes no difference to this proposal. I encourage you to read the entire post and you will understand how incentives shift perspectives and behavior. This adjustment intends to put 'skin...
  29. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    The proposal has been submitted, please vote! https://www.dashcentral.org/p/Decision-GrantLeftoverFundsToMasternodes
  30. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    I'm not sure why you think this will mean more money for DCG. Yes, excess dash is burned, but the vast majority of cycles it has gone to dubious proposals with zero ROI, because MNOs believe they shouldnt waste it, so they think they should spend all of it. The excess will now go to MNOs. They...
  31. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    I get the impression you read the thread title, but not the actual post. When handing out money, the last thing it should be is impartial. That is the reason the greatest governance system in crypto has had such abysmal results. It should be very partial. It should require great scrutiny. It...
  32. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    A new budget cycle has begun. I will submit this proposal on August 6 if DCG has not already submitted theirs. Also, as I feel strongly that leftover funds should be addressed before raising the treasury cap, I will still submit my proposal if DCG's includes both.
  33. F

    Dash Economics Discussion Series

    Bump. If issues 2 and 3 are submitted as separate proposals, if one doesnt pass, followups will be easier than if they were combined.
  34. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    It appears DCG will submit the economic adjustment proposals in a serial fashion, rather than in parallel, which makes sense. The first proposal is currently up for approval, so in support of DCG's approach, I will not submit my proposal this month. They may or may not submit their next proposal...
  35. F

    v0.16 Testing

    Also you are mixing successfully, simultanelously I am mixing successfully. Was the root cause a lack of partners?
  36. F

    v0.16 Testing

    I think that is due to the fact that the percentage is based on amount of dash, rather than the percentage of inputs which have been mixed. For example, lets say you have 2 dash, and you want to mix it to 2 rounds. Lets say its broken down to 1 dash and ten .1 dash. That is 11 inputs. 22 rounds...
  37. F

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle.

    Pre-proposal: Grant to masternodes all leftover treasury funds each cycle. It seems to me the relatively higher than usual level of participation of a few dedicated MNOs indicates an increased level of impatience and agitation with the project's place and progress. In my opinion it is not...
  38. F

    v0.16 Testing

    Thank you @qwizzie (and possibly others), PS mixed to 100%. Afterward, I took another input from a faucet. This time, the input was immediately redenominated and is being mixed. I expected that PS will remain idle. Just another data point.
  39. F

    02 Decentralised Decision Making: What Are Dash's Core Values?

    Agree. Post pre-proposals here to the forum. It should always be required. MNOs should reject any proposal that doesn't do so. @GrandMasterDash It's clear you want to see some accountability and transparency. So do I. Incentives matter. What changes would you make to attract good MNOs, who will...
  40. F

    v0.16 Testing

    Yesterday on rc2, I was able to mix an input. Consistent with the known bug, it would not continue when a new input was received. Several hours later in the evening yesterday it still would not. Today, more or less 24 hours later, I started the wallet, started mixing, and it successfully...