Dash Core Group Q1 Quarterly Call - 22.04.2021

kot

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Dear Dash Community Members,

I would like to kindly invite you to the Dash Core Group Q1 Quarterly Call, where we will provide you with the recent updates about the project progress, technology, and business development efforts, made during the last quarter.
We have prepared an update of the work made by DCG, company achievements, and challenges we have faced during Q1.

The call will take place on Thursday, the 22nd of April 2021 at 15:00 UTC.
Link to the Youtube live stream:

Please prepare and submit your questions here or send them directly to me or @strophy.
I strongly suggest sending one (possibly short) question per user, as there will be a limited time for the Q&A section.
Please be aware that we might not be able to answer all of the questions submitted before and during the call. In such a case, the remaining questions will be answered later, on the forum.

EDIT: Presentation slides are available in this location: https://dashpay.atlassian.net/wiki/...550659/DCG-Q1-2021- Quarterly-Call.pdf?api=v2



Thank you,
Robert Wiecko
 
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GrandMasterDash

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Ryan has said he doesn't see the proposal fee as a priority issue. Could this be because DCG consistently extracts 60% of the budget and has therefore formed a bias i.e. does not fully appreciate the impact the fee has on the treasury as a whole? From the outside looking in, to a prospective Proposal Owner, the proposal fee might be misaligned with expectations or simply not flexible enough.

More so, does DCG accept that a variable proposal fee might be more effective? What price discovery mechanisms would DCG like to explore?
 
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Geert

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...DCG consistently extracts 60% of the budget...
DCG is consistently awarded 60% of the budget.

Your inflammatory tone is uncalled for. You either have an axe to grind or a conflict of interest IMHO that is driving this bizarre hostility towards DCG. The vast majority of voting MNOs support DCG's use of 60% of the budget.
 
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GrandMasterDash

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DCG is consistently awarded 60% of the budget.

Your inflammatory tone is uncalled for. You either have an axe to grind or a conflict of interest IMHO that is driving this bizarre hostility towards DCG. The vast majority of voting MNOs support DCG's use of 60% of the budget.
Yes, I understand you deeply oppose my opinions, you've made it quite clear.
 

Geert

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Yes, I understand you deeply oppose my opinions...
We don't have differing opinions. You seem to live in an alternate reality where DCG is not transparent, not well run, not effective, and therefore not entitled to 60% of the budget. It's as if you're trying to gaslight the entire DAO.
 

GrandMasterDash

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We don't have differing opinions. You seem to live in an alternate reality where DCG is not transparent, not well run, not effective, and therefore not entitled to 60% of the budget. It's as if you're trying to gaslight the entire DAO.
If we don't have differing opinions then I'm happy you agree with me. Now please leave this thread to questions only.
 

movingnow

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I would like to ask one question, How to use technology in Packing and Moving companies.. it's budget around 70% we want to use technology related content. can anyone say?
 

Geert

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Here's a question:

Is it possible for DCG to come up with a contingency plan in case a majority of the trust protectors go rogue, and against the wishes of the DAO, attempts to dissolve DCG or otherwise interfere with DCG's leadership? Could DCG fight such a maneuver legally and continue operating? If not, maybe the DIF could be used to provide emergency capital to create a replacement corporation as quickly as possible.
 
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vazaki3

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The Black Adder Season 3 Ep. 01

Dish And Dishonesty



#13



Are the similarities with the above fictitious events or characters, pure coincidental?
 
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GrandMasterDash

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True, sad that MNOs allowed this to happen. I don't even know why the company is called Dash Core Group when in actuality it might as well be called Dash Platform Group. 90% of what they're doing is for Dash Platform and the remaining scraps for pet projects such as chasing regulators. Too "focused" for fundamental changes in the treasury system but chasing regulators is okay. They suck the air out of the room and stifle innovation in other areas. Dash Platform Group should take a max of 40% of the budget and do nothing else. Dash Platform is never going to take a backseat. As a fundamental component of dash, it's always going to be subject to incremental improvement and maintenance. Cut their budget and handover all other functions to the community or separate DFOs.
 

qwizzie

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Comparing

Q3-2020 Call Roadmap


with Q1-2021 Call Roadmap



Just makes me feel very sad.. it seems stuff is just shifting quarter over quarter..
Strange to see how the roadmap can get delayed not with one quarter, not with two quarters but with three whole quarters.
I know Testnet had some issues and was a few weeks down, but to see a 9 months delay occur is pretty hard to swallow.

What happened between DCG Q3-2020 Quarterly Call and DCG Q1-2021 Quarterly Call causing such long delay in bringing Dash Platform to Mainnet and shifting expectations that much ? From an estimated Q1-2021 release on Mainnet :

'but our goal is to bring Dash Platform to Mainnet in Q1 as well'
Source :
Timestamp -> 51:30

to now this new estimated Q4-2021 release on Mainnet.

Timestamp -> 27:50

And how reliable is that Q4-2021 for Dash Platform launch on Mainnet ?

questions, questions, questions....
 
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Geert

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And how reliable is that Q4-2021 for Dash Platform launch on Mainnet ?
Wen Evo? Software development is incredibly hard and estimating when things are going to be done is even harder. This is going to be a process. You can see from Bob's presentation that they have a detailed plan for how to roll-out Evo safely. That is the most important thing. That there is a plan.

Because of Chainlocks and enhanced InstantSend, Dash is already the best monetary crypto right now. We are miles ahead of the competition. When Evo is fully released, we will be lightyears ahead. Be patient.
 
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qwizzie

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Wen Evo? Software development is incredibly hard and estimating when things are going to be done is even harder. This is going to be a process. You can see from Bob's presentation that they have a detailed plan for how to roll-out Evo safely. That is the most important thing. That there is a plan.

Because of Chainlocks and enhanced InstantSend, Dash is already the best monetary crypto right now. We are miles ahead of the competition. When Evo is fully released, we will be lightyears ahead. Be patient.
I just want some details on why the estimated launch of Dash Platform on Mainnet was delayed 9 months / three quarters.
Having good communication with the Dash community should include giving details about possible delays to the Dash community.

There was also a detailed plan to launch Dash Platform possibly in Q1, 2021 (also from Bob Carroll).
Now we have another detailed plan changing that Dash Platfrom release forward 3 quarters without any explanation of the delay.

I am getting a bit tired of these poorly communicated delays.
 
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Geert

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I have worked in software development my entire life. Delays are completely normal in an effort of this complexity, and Bob is simply communicating honestly the current state of the project.

The answer to your question of, "Why the delay?" is usually, "Because we understand the problem better now."
 
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scratchy

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I have worked in software development my entire life. Delays are completely normal in an effort of this complexity, and Bob is simply communicating honestly the current state of the project.

The answer to your question of, "Why the delay?" is usually, "Because we understand the problem better now."
Dont get me wrong, im a Software dev as well and can understand the complexity and fully understand that there is and can be delays.

But what i feel is that buzz words are just copied from one slide to another. I didnt heared any words about the delays.. but maybe i just missed them?

Also from a masternode owner perspective.. 0.16 is running since 1.5 years on my servers.. Even when i look at the list of released features on mainnet going back to 0.14 (which is almost 3 years ago). In my opinion i see just a list of bug fixes, no great invention.

I would feel much better when there would be a fixed release cycle and at least small things released. So we can see somehow a 'real' progress.

Because what i also saw a lot in my live is projects developed over years and in the end not released..


But to be fair and honest.. i didnt spend to much time on researching. Its only about how often i have to update stuff on my servers (compared to other cryptos im owning).
 
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vazaki3

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But to be fair and honest.. i didnt spend to much time on researching. Its only about how often i have to update stuff on my servers (compared to other cryptos im owning).
So some others cryptos where their CG and their developers are NOT paid by anyone, they update their versions faster than here in Dash where the DCG (that pays, among other things and developers) is a paid organization .

Lets not speak without proof.

Lets discover the above cryptos, and their bug rate in their releases, and IF it is true that they are not paid and they also have less bug rate in their releases, this will be yet another proof of the immense stupidity of the masternodes voters, who keep voting for the DCG leech.
 
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thephez

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Also from a masternode owner perspective.. 0.16 is running since 1.5 years on my servers.. Even when i look at the list of released features on mainnet going back to 0.14 (which is almost 3 years ago). In my opinion i see just a list of bug fixes, no great invention.

But to be fair and honest.. i didnt spend to much time on researching. Its only about how often i have to update stuff on my servers (compared to other cryptos im owning).
Perhaps you've mistaken Dash for one of the other projects? Dash Core 0.16 has only been out ~7 months and 0.14 was released less than 2 years ago (May 2019).

As far as features go, 0.14 introduced LLMQs which made ChainLocks possible. It also enabled a massive change in InstantSend that resulted in all transactions on the network being InstantSend locked (and instantly, securely respendable). Once those features were proven out, 0.15 did a lot of refactoring to remove legacy InstantSend logic to avoid cluttering the codebase while also doing a substantial number of Bitcoin backports (as basically all Dash releases do). Most recently, 0.16 included the block reward allocation, expanded PoSe rules, improved the GUI, and optimized network communication. Scattered throughout these releases were numerous PrivateSend improvements, etc. also.
 

kot

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Here are the answers to the remaining questions from the quarterly call:

Question: Is there any formal description of what is considered to be the MVP version for Dash Platform and how far away are we from realizing this MVP version? In other words, what are the main development tasks/issues that still need to be completed/resolved before we have an MVP? (Nthelight)
Answer [Bob Carroll]: The main development efforts remaining for the MVP of Dash Platform can be seen on the Dash Roadmap at www.dash.org/roadmap. Developer documentation can be found at https://dashplatform.readme.io/.


Question: Why is Evo and DashPay wallet not on public testnet yet? (DashFTW)
Answer [Bob Carroll]: The Evolution vision emerged on public testnet with the release of Dash Platform v0.17 in late December and the release of DashPay Wallet for Android in January. These will be going through incremental releases regularly until mainnet delivery. The first testnet release of DashPay Wallet for iOS is expected along with the Dash Platform version 0.17 release in early May.


Question: Regarding the MN count, does the recent drop even with the reward increase cause you any pause for maybe changing allocation more aggressively or dropping the 1000 Dash requirement (to 900 Dash). Or more simply is there a MN count that you think we should stay above? (TL)
Answer [Ryan Taylor]: The majority of the MN liquidations were correlated with the recent price increases. Given the price tripled in the 1st quarter, it’s far too early to draw any conclusions about the effectiveness of the reallocation schedule. It may be that the relatively lower MN counts and relatively higher rewards we now see might act as a coiled spring that will take Dash higher. This could also dampen price declines if the overall crypto market moves lower. We plan to evaluate the effect over a longer period and preferably one that is more stable before we can draw conclusions.


Question: CheapAir was one of the key critical Dash services, yet no longer accepts Dash. What is DCG BizDev doing to address this? (TheDesertLynx)
Answer [Ernesto Contreras]: The service provider they used (GoCoin) shut down, we will reach out to try to get them to use one that supports Dash.

Question: If you re-propose the Variable Miner Allocation Plan for Proposal Funding ('DCG Plan') to the network as a standalone decision proposal (e.g. not including expanded spending cap) and it doesn't pass, what will be your Plan B? Depending on feedback received, will you consider a "stronger" version of the Variable Miner Allocation plan (e.g. 80% MN/20% Miners) for proposal funding? (hilawe)
Answer [Ryan Taylor]: There are a number of other governance-related topics that might make strong candidates for proposed improvements. As voting participation has dropped and shared funds and exchange-operated MNs continue launching on the network without any desire to participate in voting, we certainly don’t want that to become a threat to the functioning of the governance system. There also appears to be great interest in potential changes to the proposal fee. We will assess our options based on feedback from the community and our developers.


Question: Is it possible for DCG to come up with a contingency plan in case a majority of the trust protectors go rogue, and against the wishes of the DAO, attempts to dissolve DCG or otherwise interfere with DCG's leadership? Could DCG fight such a maneuver legally and continue operating? (geert)
Answer [Ryan Taylor]: Trust protectors don’t actually have direct control over DCG. Instead, their power resides in the ability to assign the trustee. The trustee is responsible for ensuring all actions are in the best interest of the beneficiaries - specifically the masternodes - before carrying out any of the proposed actions of the trust protectors. The trustee is a licensed professional similar to a lawyer, so it is unlikely this person would act in a way that violates the intent of the trust. So it would take both rogue trust protectors and a rogue trustee. Even then, the DCG board, DCG officers, or any of the beneficiaries (e.g., any of the masternode owners) could take legal action against a trustee that was not operating in their best interest through the court system. In short, there are many layers of protection in place within a trust structure to prevent beneficiaries from potential harm, which is one of the reasons we selected this structure.


Question: Has DCG been in contact with Coinify since they delisted Dash, can we expect a relisting? (Sidem)
Answer: Yes, we are working to get back into their platform. As mentioned during the call, there are confidential parts of the compliance projects that cannot be shared in public.
 

vazaki3

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Here are the answers to the remaining questions from the quarterly call:

Question: Is there any formal description of what is considered to be the MVP version for Dash Platform and how far away are we from realizing this MVP version? In other words, what are the main development tasks/issues that still need to be completed/resolved before we have an MVP? (Nthelight)
Answer [Bob Carroll]: The main development efforts remaining for the MVP of Dash Platform can be seen on the Dash Roadmap at www.dash.org/roadmap. Developer documentation can be found at https://dashplatform.readme.io/.


Question: Why is Evo and DashPay wallet not on public testnet yet? (DashFTW)
Answer [Bob Carroll]: The Evolution vision emerged on public testnet with the release of Dash Platform v0.17 in late December and the release of DashPay Wallet for Android in January. These will be going through incremental releases regularly until mainnet delivery. The first testnet release of DashPay Wallet for iOS is expected along with the Dash Platform version 0.17 release in early May.


Question: Regarding the MN count, does the recent drop even with the reward increase cause you any pause for maybe changing allocation more aggressively or dropping the 1000 Dash requirement (to 900 Dash). Or more simply is there a MN count that you think we should stay above? (TL)
Answer [Ryan Taylor]: The majority of the MN liquidations were correlated with the recent price increases. Given the price tripled in the 1st quarter, it’s far too early to draw any conclusions about the effectiveness of the reallocation schedule. It may be that the relatively lower MN counts and relatively higher rewards we now see might act as a coiled spring that will take Dash higher. This could also dampen price declines if the overall crypto market moves lower. We plan to evaluate the effect over a longer period and preferably one that is more stable before we can draw conclusions.


Question: CheapAir was one of the key critical Dash services, yet no longer accepts Dash. What is DCG BizDev doing to address this? (TheDesertLynx)
Answer [Ernesto Contreras]: The service provider they used (GoCoin) shut down, we will reach out to try to get them to use one that supports Dash.

Question: If you re-propose the Variable Miner Allocation Plan for Proposal Funding ('DCG Plan') to the network as a standalone decision proposal (e.g. not including expanded spending cap) and it doesn't pass, what will be your Plan B? Depending on feedback received, will you consider a "stronger" version of the Variable Miner Allocation plan (e.g. 80% MN/20% Miners) for proposal funding? (hilawe)
Answer [Ryan Taylor]: There are a number of other governance-related topics that might make strong candidates for proposed improvements. As voting participation has dropped and shared funds and exchange-operated MNs continue launching on the network without any desire to participate in voting, we certainly don’t want that to become a threat to the functioning of the governance system. There also appears to be great interest in potential changes to the proposal fee. We will assess our options based on feedback from the community and our developers.


Question: Is it possible for DCG to come up with a contingency plan in case a majority of the trust protectors go rogue, and against the wishes of the DAO, attempts to dissolve DCG or otherwise interfere with DCG's leadership? Could DCG fight such a maneuver legally and continue operating? (geert)
Answer [Ryan Taylor]: Trust protectors don’t actually have direct control over DCG. Instead, their power resides in the ability to assign the trustee. The trustee is responsible for ensuring all actions are in the best interest of the beneficiaries - specifically the masternodes - before carrying out any of the proposed actions of the trust protectors. The trustee is a licensed professional similar to a lawyer, so it is unlikely this person would act in a way that violates the intent of the trust. So it would take both rogue trust protectors and a rogue trustee. Even then, the DCG board, DCG officers, or any of the beneficiaries (e.g., any of the masternode owners) could take legal action against a trustee that was not operating in their best interest through the court system. In short, there are many layers of protection in place within a trust structure to prevent beneficiaries from potential harm, which is one of the reasons we selected this structure.


Question: Has DCG been in contact with Coinify since they delisted Dash, can we expect a relisting? (Sidem)
Answer: Yes, we are working to get back into their platform. As mentioned during the call, there are confidential parts of the compliance projects that cannot be shared in public.

What about the below question?

Ryan has said he doesn't see the proposal fee as a priority issue. Could this be because DCG consistently extracts 60% of the budget and has therefore formed a bias i.e. does not fully appreciate the impact the fee has on the treasury as a whole? From the outside looking in, to a prospective Proposal Owner, the proposal fee might be misaligned with expectations or simply not flexible enough.

More so, does DCG accept that a variable proposal fee might be more effective? What price discovery mechanisms would DCG like to explore?
Why didn't you answer?

How the hell do you expect the MN voters to govern effectively, while having currently only 5 questions to judge/answer for a whole month??

Do you know how many questions a parliament votes in a day?

Make the government questions cheaper now!
Make the proposal fee variable, or set it to zero and allow filtering and tagging!
 
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GrandMasterDash

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What about the below question?



Why didn't you answer?

How the hell do you expect the MN voters to govern effectively, while having currently only 5 questions to judge/answer for a whole month??

Do you know how many questions a parliament votes in a day?

Make the government questions cheaper now!
Make the proposal fee variable, or set it to zero and allow filtering and tagging!
Well, the question was asked, though it was somewhat watered down. To me, Ryan seemed a bit agitated by the question.

I think DCG will continue in a state of denial, not least that their continued funding blinds them to external forces.

What I find most troubling, for years now, Dash Platform has consumed so much of the treasury, and DCG are constantly telling us they can't do X, Y and Z because their focus is so hard on Dash Platform. That's fine, but then really what they should do is separate out the Dash Platform group with their own proposal. This way we can clearly see the proportions and allow MNOs to properly allocate funds to other DCG tasks such as business development, marketing, governance and so on. Right now, DCG is cherry picking the scraps of time it has for everything else, very inefficient.
 
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Spaniard

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Another question that was posted:
Are spork keys within DCG a vulnerability for Dash? How about decentralized sporks? When?

Thank you for the Q1 update, exciting progress.
 

GrandMasterDash

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The same pathetic answer, from a person that does not deserve to be a CEO of Dash.
I hold no grudge, he has strength. If we can separate the Dash Platform processes from everything else, there will be more focus and accountability. Ryan can choose which group he wants to lead, just not both.
 

vazaki3

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I hold no grudge, he has strength.
He has no strength.
My opinion is that he is mediocre and one of the reasons Dash is now the 50th coin instead of the 6th it used to be.

Well, you could argue that he has strength, because he rules a bunch of 200 idiots (the MNO electorate)
But can we name strong, a person that rules the idiots?
A strong person is the one who rules the smarts, not the idiots ones.
 
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