talk to rango or ericsammons , they have the numbers straightThanks TaoOfSatoshi
Votes are looking goo with 97.4% currently in favour (highest of all active proposals).
A little concerned that there might be slightly too few Dash in this budget cycle to pass all approved proposals plus ours (though should still get paid the following 2 months). How can we look up the exact amount in the budget?
Interesting. I was going off dashvotetracker.com when it said 7,450. Just after the proposal went live I noticed the discrepancy between the dashvotetracker.com number and the dashwhale.org number.The actual amount available is 7449.7959183673. Unfortunately, my tool dashvotetracker.com was rounding up, while rango's DashWhale was (properly) rounding down. So I don't believe there is enough in the budget for this proposal and all the other approved proposals, even if it passes the 10% barrier. I have changed dashvotetracker to round down as well to be more conservative.
You can see the exact number from DashWhale's API: https://www.dashwhale.org/api/v1/budget.
it is set at 7449 untill the next 7% block reward reduction next year. This means the budget amount will decrease over time as planned. Budget proposal owners should take this into consideration when creating budget proposals. Specially when budget proposals are created while being close to a yearly 7% block reward reduction.Interesting. I was going off dashvotetracker.com when it said 7,450. Just after the proposal went live I noticed the discrepancy between the dashvotetracker.com number and the dashwhale.org number.
Will the amount in the budget move up or down with the fluctuations in the mining reward, or is it already set at 7449.7959183673?
The existing banking system is complex (that's why we support Dash!).1. Why do you need a bank account in different countries? Is this so that you can transfer money faster to the merchant? Or maybe it’s to avoid overseas transfer fees?
2. How long does it take for a merchant to see his funds in his bank account?
We expect to undertake some AML/KYC activities to satisfy regulators. It's anticipated that because we are dealing with businesses rather than the general public that compliance will be easier. Initially at least we expect to be able to fly under the radar to a certain extent.3. How are you avoiding KYC, etc… is it because you’re putting it on the BTC to fiat exchanges? Will regulations accept that? Do you still have to do KYC for the businesses that work with you, and if so, do you need a license?
Most of the system will be automated so the marginal cost of processing another transaction should be verly low. BitPay and Coinbase even process some transactions for free.4. Can you really process a payment utilizing all these services for under 1% of value? Really? Will they be done in batches?
I’m fine with helping a business like this, which would do a world of good for Dash, with budget funding, I’m just wondering about you guys, do you really know enough about banking and have a way to do this for the price you (seem to be) saying you can do it for and for the price (1200 Dash) which seems really anemic? I’m still trying to wrap my head around all of this.
In this upcoming budget cycle 3 proposals (totalling 2,868 DASH) will receive their final payment.it is set at 7449 untill the next 7% block reward reduction next year. This means the budget amount will decrease over time as planned. Budget proposal owners should take this into consideration when creating budget proposals. Specially when budget proposals are created while being close to a yearly 7% block reward reduction.