№3 - Dash ("Digital Cash") - Decentralized Startup

alex-ru

alex-ru

Well-known member
Dash ("Digital Cash") - Decentralized Startup

I continue analysis of the main benefits of the Dash project (current rating for the capitalization: Cryptocurrency No. 4 and Anonymous cryptocurrency No. 1).

Previously I've reviewed the Investment aspect and Technological aspect (in terms of providing anonymous payments). Now i would like to touch upon the issue of a common strategy and management that set the dynamics and ultimately determine the fate of any project.

THE FORMULA FOR SUCCESS

In the world in general, and in the world of crypto-currencies in particular, there are a lot of ambitious and talented programmers, ideologues, PR experts and other specialists, on a daily basis trying to achieve to their capacity by making something useful. However, we see that only a small percentage of new cryptocurrency projects eventually achieves at least some success. What is the reason for this?

Even if we put off all the cryptocurrencies, initially aiming at investors cheating, there still remains a fairly large pool of developers who seem to want to do something good, and seem to be even able to, but for a number of reasons do not understand or do not know or aren't able to act strategically, tactically in the team, etc also in an effective way. Is it possible to fix up somehow?

It's unlikely to make " formula for success " that would work out for everyone. I'm not going to do that neither, my goal is different - I would like to offer you to take a look at the cryptocurrency project in terms of the classic startup using the example of Dash. Yes, I believe that both Dash, and Bitcoin, and other altcoins keep on being in startup stage. The startup functioning mode is a development of a new technology that is not in demand in society (investors and enthusiasts aren't taken into account), but developers in every way try to create functional, appropriate to the needs of ordinary people a new market and related services on the basis of these needs, retaining a large part of this new market and as a result to achieve wide application of their technology in the foreseeable future.

Dash entered the cryptocurrency market by the time the Bitcoin had already managed to set up itself an unconditional leader. In the case of classic startups a beginner would be doomed unavoidably from the start. However, a number of technological features of the Dash allows you not only to use easily all accumulated infrastructure Bitcoin but relatively easy to compensate for your underrun in some moments, and also to offer a number of revolutionary basic differences, that are not easy to be copied by competitors. In addition, the cryptocurrency market is still in its infancy, which let us suppose that Dash has a high chance to become a long-term leader.

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THE FINANCIAL SIDE

As opposed to traditional startups based on the angel initial financing which have to be sold completely and develop IPO in the far future, already having the capabilities required, the cryptocurrency projects start offering their coins-"shares" to the general public since its creation (when they have little to offer other than promises). Such uncertainty provokes forthcoming a big number of cheaters, "black PR" masters, speculators and others who hustle their "pump-dump" scheme. Often this occurs independently and even against the wishes of the developers. As a result, the altcoin market is defined by a high volatility, which caused by first of all a limited pool of traders and short-term speculators.

In case the start-up becomes successful, as the project grows, some risks and uncertainty disappear, and a real team's potential becomes visible - the perspectives brighten up… As a result, the more conservative-minded long term investors who bring not only money, but often more competences in the fields of management, integration, promotion, etc start entering the project.

The initial investors, who decided not to sell their DASH (not leaving the project, fixing the obtained from growth profit), start understanding that the further successful project development could bring them more benefits than any other activity, as a result, many of them begin to help somehow the project on an ongoing basis. High expectations justify continued rates growth and further investment in the project not only of their money, but also time and abilities.

The cryptocurrency projects differ favorably from other startups by the technology which is clearly denominated in the appropriate digital currency. Due to the fact that Dash emission is limited and its schedule is strictly defined - we can't consider Dash coins as actual "project shares", carrying the prorata share of its total cost. The important thing is that any abuses are excluded which are typical for usual joint stock companies - dilution of the initial investors' share in subsequent rounds of investment, the violation of the rights of minority shareholders, misappropriation of investments, etc.

In addition, the mechanism of rewarding Masternode operators allows both big and average investors to keep their share unchanged in the project, avoiding the share dilution by inflation, as it happens in Bitcoin and other alternative cryptocurrencies.
 
THE STRATEGIC ADVANTAGES OF DASH

Let's go back to the issue of the quality of project management and to our specific example - Dash. On closer inspection you can see that this project differs from other cryptocurrencies. On many of the key points it is unique. I'm not talking about its unique technical advantages, namely about the uniqueness of the Dash in terms of strategy and management.

The first major difference is publicity. Dash has a real active creator, publicly disclosed his identity. Many other members of the team also published their real names, photos, etc. This rare for the cryptocurrency world phenomenon let us think that once the developers put on a cast their personal reputation, having related the fate of the project to their personal life, it means that they are the most serious. They won't abandon the project halfway and expect to show the utmost competence and perseverance when facing difficulties to which sooner or later any startup comes across (the majority of start-ups die exactly at this moment). This kind of openness and dedication invoke the respect and confidence both among the investors and the community who support this project.

The second important advantage is a balanced team. It is not only about its size and focus on results (many members switched to full-time work in the project, etc.), but also in its balance and a healthy team environment. Command structure of many other cryptocurrencies shows the painful distortions: there work only programmers or instead PR-advertisers, or as it happens, all team focuses on theoretical research. Considering this colorful background, the Dash team is represented by the wide profile professionals in optimal proportions, that let cover the entire spectrum of problems and achieve excellent results.

The third unique advantage is a decentralization of managerial decisions. Dash is the first cryptocurrency, implementing an independent decentralized mechanism of the "share vote". Medium and large investors (most of which are at the same time Masternode operators) take a proportionate part in votes on all important issues relating to the further development of the Dash. In addition, they may, by way of personal initiative to predetermine where (to which important special projects) a part of new emitted coins is going to be aimed at. This strongly contrasts with the flawed concept of Bitcoin where all the new coins are going only to miners who support the ongoing work of the Bitcoin, but aren't interested in its further development.

Thus, the Dash is successfully implementing decentralization not only in its functioning, but also it's the first to introduce a decentralized management and financing of further development. Decentralization of this kind is the basis of the following efficiency growth of decision making and credibility among serious investors who do not want to be held hostages of circumstances, and want to be able to directly participate in the most efficient management of the project, which they have entrusted their investments.


SUCCESSFUL START AND FORWARD MOVEMENT

Dash spent its first year fairly efficiently, not only in terms of technology (were successfully introduced many unique items that were not planned and originally announced), but also in terms of the evolution of strategic management. Having started the project in the form of a modest niche cryptocurrency, focusing on anonymity, Dash team fully demonstrated its potential. All the primary objectives were successfully implemented (and also the developers made a number of inventions, that are in demand in cryptocurrency society).

But in addition to the genius and high performance, there's required the third important component of long-term success which is a healthy ambition that wouldn't let staying on laurels and dwelling in a narrow comfortable niche but make you keep moving forward, setting new goals. Few people possess such qualities, but without them it is impossible to achieve something truly great.

And now we can confidently say that the Dash team has got a right ambitiousness! In 2015, Dash realized that it could be a full-fledged competitor of Bitcoin which is the cryptocurrency No. 1. For realization of new ambitious plans, a number of important efforts has to be made not only by the members of the development team, but also by the whole Dash community. And people have expressed their readiness to support the project either from ideological or informational point of view, because today the need in promotion and adaptation of technologies for normal users takes centre stage.

Rebranding let replace the "dark" Darkcoin name with a neutral Dash that opens many doors that were previously closed. Now Dash can selectively and effectively position itself among different groups of users and their differing needs, adapting the overall marketing strategy to specific situations and user preferences depending on necessity.

Focusing on carrying out its main purpose: "To give people perfect money, which everyone will want to use" - Dash does not limit itself by the original concept but in development process constantly search for new opportunities to implement this idea. It is important to note that the success prospects of the Dash directly depends not only on the implementation of advanced solutions and technologies, but also on new approaches to marketing and promotion of the project.

Dash needs new markets and new types of users, who can't be satisfied by present competitors who won't be able to adapt themselves neither now for some reasons, nor in the future. First of all this is:
  • Cash (because of its low mobility, inability to use in the electronic payment systems, etc.).
  • Bitcoin (because of the unsecured privacy, inability to rapidly evolve for the benefit of users, etc.).
  • Centralized payment system (according to a large number of reasons).
  • ...

TWO SIMPLE CONCLUSIONS

1. If you are a good programmer, but not a super genius and not a leader capable to continuously inspire different professionals — do not attempt to pull your own project. You will be much more efficient to select a valid project and invest your skills in its success. For example, the Dash project looks promising— it has not only great potential for development, but also offers a wide range of opportunities and freedom of your participation in it. For example, there has been recently launched a program to support talented developersLINK. You can work anywhere in your mode, while keeping a complete freedom. In a team of the best professionals you take part in creating and debugging of a really unique product - Dash.
2. If you are not a programmer, but have got some other skills — you can become a full member of the project and its "shareholder". Decentralized and open nature of the "Dash start-up" allows all more or less to achieve to their capacities, bringing positive results to Dash in a сonvient form and time. Increasing the value, attractiveness and the value of the Dash project in general, each participant of the project increases also the value of its investments in it. In addition, in the company of great people you will be able to participate in the creation and promotion of a unique financial instrument. Everyone can do something really important in life — at least a little, but change the world for the better.
 
GENERAL CONCLUSION

When it comes to high risk investments in startups and corresponding great potential of growth of the cryptocurrency value, some critics start talking about the high volatility, about absence of intrinsic value, the similarity with the financial pyramids, etc. In regard to this, I would like to point out the fact that the current value of suсcessful and developing start-ups like Google, Facebook, Bitcoin, Dash, etc. does not depend on the amount spent on their development, and not on the intrinsic value of their "skeleton". Their real value is largely determined by the additional infrastructure and those additional values (customer base, the ways of monetization, additional services, etc.) that outstand on the basis of their software. That is why the cost of Facebook, Bitcoin, etc. changed significantly more than the performance of their code.

You can draw another social analogy. Today lots of people can buy an apartment for leasing, for example, in New York. As a result, buyers in some way become "shareholders" of the city and receive their share of its potential. And it was the same "Startup" - the history tells us that the island of Manhattan was bought for $25 in 1626. Since then its internal value (physical, geographical, geometrical and geological parameters) has remained unchanged, but today its actual value is defined by different parameters.

The same thing happens to cryptocurrencies (one of the brightest representatives of which is Dash). They provide a kind of "technological heart" - an empty skeleton, but very comfortable, functional, with necessary and important for the users characteristics. Next there working the laws of the snowball increase when layering of new opportunities attracts more new users and further trending up. Today's high capitalization of popular cryptocurrencies that are practically not used in the real world, once again shows us how high the rates and expectations are in this area.

Money is rather the most potent power in today's world. If to put off all the abstruse academic definitions, the money may be represented in every way, according to what all people consider as money and agree to use as money. In other words, everything can work as money if there's consensus in society, in the course of which there's made an unspoken "social agreement".

Now Dash offers one of the best (likely the best) technological platform of Alternative money. Will the majority of people want to use it to the full extent, fulfilling this "empty skeleton" with the necessary recognition and liquidity? Will the mankind receive as a result the opportunity to finally use a full-fledged digital money? Time will tell. In the meantime, in this cryptocurrency startup (digital analogy of "Manhattan island"), the first travelers tread their first paths. Dash has an interesting future ahead and each of you will be able to participate in it.

Welcome to Dash!
​
P.S. This English translation isn’t perfect so everybody feel free to get any parts and ideas from here - and make your own articles and so on. :)

My other articles:
№1 DASH - an assessment of investment potential
№2 Anonymous payments: DASH or Bitcoin+Mixers?
 
Last edited by a moderator:
Poetry to my ears, you capture Dash's bigger picture perfectly.
You make an excellent point about most if not all crypto currency projects being essentially 'stuck' in the startup phase.
 
alex-ru said:
THE STRATEGIC ADVANTAGES OF DASH

Let's go back to the issue of the quality of project management and to our specific example - Dash. On closer inspection you can see that this project differs from other cryptocurrencies. On many of the key points it is unique. I'm not talking about its unique technical advantages, namely about the uniqueness of the Dash in terms of strategy and management.

The first major difference is publicity. Dash has a real active creator, publicly disclosed his identity. Many other members of the team also published their real names, photos, etc. This rare for the cryptocurrency world phenomenon let us think that once the developers put on a cast their personal reputation, having related the fate of the project to their personal life, it means that they are the most serious. They won't abandon the project halfway and expect to show the utmost competence and perseverance when facing difficulties to which sooner or later any startup comes across (the majority of start-ups die exactly at this moment). This kind of openness and dedication invoke the respect and confidence both among the investors and the community who support this project.

The second important advantage is a balanced team. It is not only about its size and focus on results (many members switched to full-time work in the project, etc.), but also in its balance and a healthy team environment. Command structure of many other cryptocurrencies shows the painful distortions: there work only programmers or instead PR-advertisers, or as it happens, all team focuses on theoretical research. Considering this colorful background, the Dash team is represented by the wide profile professionals in optimal proportions, that let cover the entire spectrum of problems and achieve excellent results.

The third unique advantage is a decentralization of managerial decisions. Dash is the first cryptocurrency, implementing an independent decentralized mechanism of the "share vote". Medium and large investors (most of which are at the same time Masternode operators) take a proportionate part in votes on all important issues relating to the further development of the Dash. In addition, they may, by way of personal initiative to predetermine where (to which important special projects) a part of new emitted coins is going to be aimed at. This strongly contrasts with the flawed concept of Bitcoin where all the new coins are going only to miners who support the ongoing work of the Bitcoin, but aren't interested in its further development.

Thus, the Dash is successfully implementing decentralization not only in its functioning, but also it's the first to introduce a decentralized management and financing of further development. Decentralization of this kind is the basis of the following efficiency growth of decision making and credibility among serious investors who do not want to be held hostages of circumstances, and want to be able to directly participate in the most efficient management of the project, which they have entrusted their investments.


SUCCESSFUL START AND FORWARD MOVEMENT

Dash spent its first year fairly efficiently, not only in terms of technology (were successfully introduced many unique items that were not planned and originally announced), but also in terms of the evolution of strategic management. Having started the project in the form of a modest niche cryptocurrency, focusing on anonymity, Dash team fully demonstrated its potential. All the primary objectives were successfully implemented (and also the developers made a number of inventions, that are in demand in cryptocurrency society).

But in addition to the genius and high performance, there's required the third important component of long-term success which is a healthy ambition that wouldn't let staying on laurels and dwelling in a narrow comfortable niche but make you keep moving forward, setting new goals. Few people possess such qualities, but without them it is impossible to achieve something truly great.

And now we can confidently say that the Dash team has got a right ambitiousness! In 2015, Dash realized that it could be a full-fledged competitor of Bitcoin which is the cryptocurrency No. 1. For realization of new ambitious plans, a number of important efforts has to be made not only by the members of the development team, but also by the whole Dash community. And people have expressed their readiness to support the project either from ideological or informational point of view, because today the need in promotion and adaptation of technologies for normal users takes centre stage.

Rebranding let replace the "dark" Darkcoin name with a neutral Dash that opens many doors that were previously closed. Now Dash can selectively and effectively position itself among different groups of users and their differing needs, adapting the overall marketing strategy to specific situations and user preferences depending on necessity.

Focusing on carrying out its main purpose: "To give people perfect money, which everyone will want to use" - Dash does not limit itself by the original concept but in development process constantly search for new opportunities to implement this idea. It is important to note that the success prospects of the Dash directly depends not only on the implementation of advanced solutions and technologies, but also on new approaches to marketing and promotion of the project.

Dash needs new markets and new types of users, who can't be satisfied by present competitors who won't be able to adapt themselves neither now for some reasons, nor in the future. First of all this is:
  • Cash (because of its low mobility, inability to use in the electronic payment systems, etc.).
  • Bitcoin (because of the unsecured privacy, inability to rapidly evolve for the benefit of users, etc.).
  • Centralized payment system (according to a large number of reasons).
  • ...

TWO SIMPLE CONCLUSIONS

1. If you are a good programmer, but not a super genius and not a leader capable to continuously inspire different professionals — do not attempt to pull your own project. You will be much more efficient to select a valid project and invest your skills in its success. For example, the Dash project looks promising— it has not only great potential for development, but also offers a wide range of opportunities and freedom of your participation in it. For example, there has been recently launched a program to support talented developersLINK. You can work anywhere in your mode, while keeping a complete freedom. In a team of the best professionals you take part in creating and debugging of a really unique product - Dash.
2. If you are not a programmer, but have got some other skills — you can become a full member of the project and its "shareholder". Decentralized and open nature of the "Dash start-up" allows all more or less to achieve to their capacities, bringing positive results to Dash in a сonvient form and time. Increasing the value, attractiveness and the value of the Dash project in general, each participant of the project increases also the value of its investments in it. In addition, in the company of great people you will be able to participate in the creation and promotion of a unique financial instrument. Everyone can do something really important in life — at least a little, but change the world for the better.
Click to expand...
I like this "but also it's the first to introduce a decentralized management"
 
alex-ru said:
GENERAL CONCLUSION

When it comes to high risk investments in startups and corresponding great potential of growth of the cryptocurrency value, some critics start talking about the high volatility, about absence of intrinsic value, the similarity with the financial pyramids, etc. In regard to this, I would like to point out the fact that the current value of suсcessful and developing start-ups like Google, Facebook, Bitcoin, Dash, etc. does not depend on the amount spent on their development, and not on the intrinsic value of their "skeleton". Their real value is largely determined by the additional infrastructure and those additional values (customer base, the ways of monetization, additional services, etc.) that outstand on the basis of their software. That is why the cost of Facebook, Bitcoin, etc. changed significantly more than the performance of their code.

You can draw another social analogy. Today lots of people can buy an apartment for leasing, for example, in New York. As a result, buyers in some way become "shareholders" of the city and receive their share of its potential. And it was the same "Startup" - the history tells us that the island of Manhattan was bought for $25 in 1626. Since then its internal value (physical, geographical, geometrical and geological parameters) has remained unchanged, but today its actual value is defined by different parameters.

The same thing happens to cryptocurrencies (one of the brightest representatives of which is Dash). They provide a kind of "technological heart" - an empty skeleton, but very comfortable, functional, with necessary and important for the users characteristics. Next there working the laws of the snowball increase when layering of new opportunities attracts more new users and further trending up. Today's high capitalization of popular cryptocurrencies that are practically not used in the real world, once again shows us how high the rates and expectations are in this area.

Money is rather the most potent power in today's world. If to put off all the abstruse academic definitions, the money may be represented in every way, according to what all people consider as money and agree to use as money. In other words, everything can work as money if there's consensus in society, in the course of which there's made an unspoken "social agreement".

Now Dash offers one of the best (likely the best) technological platform of Alternative money. Will the majority of people want to use it to the full extent, fulfilling this "empty skeleton" with the necessary recognition and liquidity? Will the mankind receive as a result the opportunity to finally use a full-fledged digital money? Time will tell. In the meantime, in this cryptocurrency startup (digital analogy of "Manhattan island"), the first travelers tread their first paths. Dash has an interesting future ahead and each of you will be able to participate in it.

Welcome to Dash!
​
P.S. This English translation isn’t perfect so everybody feel free to get any parts and ideas from here - and make your own articles and so on. :)
Click to expand...
The English and content is pretty damn good from my end:smile:
 
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