But wouldn't it be better to support a crypto lobbying group, or our own lobbyist in Washington, rather than just burn the money?. If someone knows how to make marketing for low cost, i support him, but just saying all the money must be spent is nonesense.
There's lot of talk and very little action , so i have decided to support any reasonable marketing campaign insteadBut wouldn't it be better to support a crypto lobbying group, or our own lobbyist in Washington, rather than just burn the money?
Wouldn't it be better to start saving up for two 30 second commercials during the Super Bowl? That's 9 million dollars. We can't just slip that into the budget the month before the super bowl.
Wouldn't it be better to support the people and groups that have great ideas about how to improve banking in developing countries rather than just burn the Dash? Developing countries alone could zoom Dash to the top of all the cryptos.
I absolutely agree with you.There's lot of talk and very little action , so I have decided to support any reasonable marketing campaign instead
I, for instance, would be pushed back from project where money are wasted.Disadvantage in poorly spending the surplus money?
- close to none -> Please guys explain me how spending the money could have a negative effect on dash (example please).
Maybe you are right. That must be psychological.Its more of psychology than mathematics.
I'm not sure if it is so simple.It's the first time in history that someone or a group of people is presented with the choice between either getting a huge amount of money but having to spend it on something or either not getting anything at all
I can't think of that many, that's probably my naive side . Just kidding.But please, answer me, how many ways You can think of, to swindle this campaign, to get free Dash money?
I can think of too many.
one of the best piece of analysis of our current situation i have read in months of being on this forumI absolutely agree with you.
The question is: what to do with that money that is not created? Stock it or spend it, both work for me. Seems however that spending is easier than stocking it (see other conversations on the forum).
The article added by @AndyDark, however interesting, isn't relevant to Dash
- Advantage to not spending the money in ROI?
- decreases the total supply so increases the value of each coin.
- However, the added value created is close to none (based on somebody's calculation somewhere on the forum).
- Disadvantage in poorly spending the surplus money?
- close to none -> Please guys explain me how spending the money could have a negative effect on dash (example please).
"the reason that premature scaling kills start-ups is primarily two-fold" says the article:
- "uses up your precious cash more quickly, which means you have less runway to discover that you were wrong and readjust"
- Our Dash are not created so we won't be able to use it to readjust later on. No applicable then.
- The article carries on though: "One of the smartest strategies for a start-up is to save cash" - @Andy @RGXDK - if you are up for that, I'm also up for it - but while nothing is being stocked I prefer to support marketing campaigns
- "Second, premature scaling actually makes you less agile. Specifically, when you start hiring people and investing in your product, you become organizationally and mentally committed to your current approach—you’ve paid money and obligated yourself to a particular product or strategy and doing this makes it worlds harder to change".
- that psychological explanation is based on start-ups, generally lead by few people. Not a 4000 masternodes start up. Another study should be made.
- Anyways, if a start-up becomes less agile in this case is because, suddenly, you realise that you've spent money that you could have way better spent on something else. This is so hard to accept that you remain blind and carry on your path. Not relevant to dash, as we would be spending money that we wouldn't have spent otherwise/anyways.
Now, let's talk a bit about Evolution and Mass Adoption which should, for many people, be the right time to go all-in with marketing (and not before). I can't wait for Evolution to be released, it's gonna be a game changer in the cryptoworld but talking of Mass Adoption is a bit premature.
How is new thing (technology, idea, habit...) is adopted by a society? https://en.wikipedia.org/wiki/Technology_adoption_life_cycle
Out of thousands of inventions made by innovators, some of them gets spread a second group, the early adopters and then by a third group, the early majority, then by fourth, the late majority and finally by the laggards. But many get stuck in the first or second phase. When you get to the third group your innovation will inevitably be spread to the fourth and last group.
So, first, you have the innovators which make up for 2.5 % of the population. Passionate people that invent stuff which might or might solve a real demand (they don't really care, that's why many inventions just. Passionate people that will use all those new gadgets and tech even if nobody around does.
Then you have the early adopters that make for +13.5 % of the population. Very open-minded people about new stuff. They have a better sense of usability than those of the first group. They want a product that is of use and not buy something just because it's new. However, they don't mind a product that is not perfect because they like to contribute and to participate in something that might get bigger. They also are leaders of opinion as they talk about those yet to be disruptive technology to their surrounding (which slowly starts to hear about it).
" for discontinuous or disruptive innovations, there is a gap or chasm between the first two adopter groups (innovators/early adopters), and the early majority"
Then you have the early majority +34% of the population. When that group starts to consider your thing and buy it, you're a winner. But the gap is big between the second and third group. That's where most inventions fall into oblivion. This early majority are real leaders and influencers in our societies but they are not dreamer: they want something efficient, that works and that solves a problem without a sweat. If it's not perfect, they just don't want it.
I believe we are not quite yet in the early adopter’s phase (or maybe at the beginning). Evolution is a big step and will change a lot of thing. But we are still in our own world made of geeks (Ask anybody on the street about Bitcoin or Dash, you know the answer....). We are slowly but surely scratching the surface of other worlds, but we are not there yet.
So even if my grandma will be able to use Evolution, she just won’t! Why would she? Never heard of it (aside from me, but she's just lucky that I’m part of the 2.5 % ), never seen it...
So yeah, let's use that money to spread the word of Dash. For those still reticent, think about it like that; about hiring thousands of people with money that you can't use for anything else (as not enough proposals get passed) :
"if you talk about Dash and explain what is it and what cryptocurrency is to somebody for one hour, I will give you 10$".
That's exactly what Amanda's project is doing (and this just one of the many other benefits).
Because I can tell you that, most of the time, people bringing new people are passionate and happy to talk about Dash and to contribute.
And anyways, it will surely take anyways a long time to explain this new world to somebody new won't it ? (and if that guy or girl knows crypto, well then that talk will just flip it to our side).
just for facts , even if 50% of the users are genuine i would call this a success and heres the reasoni did many many handouts for dash
and they work in the beginning until eventually the scammers run u over and than this all goes belly up
as it comes down to a couple of peeps who mess it up for everybody involved
US 20 a pop
all u will get is a ton of 3rd World country members (no offence) coming in heaps to score 20 bucks (which is a lot of money) - they will move on to the next coin in no time waiting/hunting for the next free handout
they will not then invest their other 40 $ they have in their account !
theis is a good idea to get the name out - but nothing that should be done permanently at all !
Wise wordsIf we do these kind of promotions in the future, we should do the best we can to reduce scammers (obviously).
However, even in the worst case scenario where we get a significant number of scammers, it is possible that we convert a significant number of the scammers to regular users of Dash. Even scammers have to live, and use the local crap fiat. Some of them will certainly realize that Dash is a huge improvement.
Would you mind sharing those experiences ? We could all learn from it, andy maybe @amanda_b_johnson can then more anticipate from the problem you add. As a community I'm sure we can find amazing solutions to fighting scammers. Let's just put those thousands of brain to work !i did many many handouts for dash
Yup exactly, let's fight the scammers. Again everybody, nothing to lose. Even you get "scammed off" 99 % (which surel we won't) you still have 1% of money that would have helped the network grow instead of 0%.instead of worrying about a scammer taking up our bounty , how about fighting the scammers
i did giveaways back then over Dashtalk.org for Spanish / Portuguese communities (when we started there)Would you mind sharing those experiences ? We could all learn from it, andy maybe @amanda_b_johnson can then more anticipate from the problem you add. As a community I'm sure we can find amazing solutions to fighting scammers. Let's just put those thousands of brain to work !
Yup exactly, let's fight the scammers. Again everybody, nothing to lose. Even you get "scammed off" 99 % (which surel we won't) you still have 1% of money that would have helped the network grow instead of 0%.
But I agree with you @tungfa, nothing needs to be permanent. Tries and error ! Anyway, with our voting system nothing is ever permanent anyways.
It's funny because our system is kinda working like the French culture right now.
French love theory, planning and talking (see how much I write ) : we prefer to establish a theory first and then we will experiment it : so we like a lot of thinking, calculation, precise planning and anticipate precise outcomes and then, only then, we might take action. On the opposite, you have British culture which is much more pragmatic. First they experiment, one, two, three time. They gets result, they get better and finally they conclude and find the theory.
Both have their merits obviously, but in the case where we have unlimited money everymonth, I believe a bit more of experiment without too much planning and anticipated ROI and so on do the network some great good !
Absoultely there are 100s of reasons why people should focus on crypto in general and dash in specific , have we taken use of the fact that dash is only coin which offers instant send which is really useful for real life purchases without 0 trust ??
i really wish people realise that building great marketing teams and strategies takes years just like the 'tech' and we should absolutely get it rolling
I think in countries like Nigeria DASH and this out reach program would provide a great deal of hope. Their economy and fiat currency is turmoil, corruption and fraud across the board. $10 to a person in Nigeria is a big deal, and if that spreads the idea of DASH, which effectively solves two of their problems, Government corruption and fraud. It is a big win I believe.If IT professionals can't spend Dash in the USA, UK, Canada, Australia etc, it's delusional to think regular people in Nigeria are going to.
Well you got one new user, and miner ( ME :=D ) and my daughter got her wallet, but by the time we got all set up did the photo, and were ready to post the Tweet, we missed the deadline :-(. However, @amanda_b_john DASH Detailed YT Shows, and DASH School convinced me, and BTW I am totally new to Crypto. Learned a tonne in the last week though.I'm very thankful for @amanda_b_johnson to step up with the #firstdashwallet initiative because I can imagine how hard this can be to manually filter all these requests for "free money" and it's very interesting to test the idea even though it might be too early as @AndyDark already mentioned. With that being said I'm pretty sure that an open-ended proposal to continue the campaign forever without any estimates or limits is the wrong way. Imo we shouldn't throw money to the wind even if otherwise they are
going to be burntnot going to be created - this encourages ill kind of behavior which can be damaging in the long term.....
I think we should check the results of current campaign first after some time i.e. How many of them really became Dash users in any sense? How many of them just converted Dash to btc/$/whatever and just got their "free money" from us? (How can we verify this btw?).....?
Thanks for the update! What a surprisingly (overwhelmingly) successful campaign.