Hello: I'm Darren Tapp (汤德润) a DIF Supervisor.

Darren

Member
Aug 3, 2016
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www.darrentapp.com
@EUsouth

I don't know if the monthly assignments will have the same flavor, but I can report the November is an exciting month for the DIF.

This month, we are pleased to announce that we have secured an opportunity for the DAO should they choose to accept it. We also have put in a pre-proposal about requesting funds for replenishing our reserves.

As for assignments, we are working on vision, mission, and goals. One major reason for this is to limit scope so that we can focus on success in a limited area. Last week, the DIF voted to approve text of the DIF's vision.

==VISION==
The DIF will

  • Facilitate the solicitation, negotiation, and due diligence of investments of potential interest to the Dash DAO
  • Guide entrepreneurs seeking funding from the DIF by educating them on the process and best practices to improve the chances for a successful investment
  • Manage reserves for the network in a manner that balances the needs to grow the reserves, and to limit risks
  • Seed the liquidity and growth of emerging Dash financial markets or products
  • Conduct all activities with a high degree of transparency - while providing a bridge to the needs of potential partners desiring to protect non-public information
==END VISION==

So our next step is to draft and approve a mission that supports this vision. As far as assignments go, I'm hoping vision, mission, goals can be completed by the end of the calendar year. After that the next assignment will be process, and I hope this will involve a discussion of continuity, and robustness as an institution.
 

stan.distortion

Well-known Member
Oct 30, 2014
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When you get on a commercial airplane, you do not elect a pilot from the passengers to fly the plane. There are trained, credentialed pilots hired to fly the plane.
Something maybe worth bearing in mind on that point, when we want a pilot to fly a Saturn lander we don't hire someone with Saturn lander piloting credentials because they don't exist yet. Distributed economics is a whole new field, no one has credentials in it because those credentials don't exist yet. I'm not saying we should pick some random member of the public from the street and put them in charge but I would urge caution on trying to apply long established but often totally inappropriate methods from a similar field. Practically every industry is littered with outdated methods and practices simply because that's the way it's always been done.
 

Darren

Member
Aug 3, 2016
121
90
78
New Hampshire
www.darrentapp.com
The DIF board of supervisors has formed an IT subcommittee.

The IT subcommittee will handle some IT needs of the DIF such as website etc. However, the main task is to investigate and research trading strategies using bots and report back to the whole board of supervisors.

The members of this subcommittee are:

Darren
Hytham
Michael
 
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Darren

Member
Aug 3, 2016
121
90
78
New Hampshire
www.darrentapp.com
Here's the 2020 Q3 DIF Board of Supervisors report. Note this only reports through the end of September. This is prepared in conjunction with the balance sheet which is liked above and you can find it here. https://github.com/DashInvests/dif-communication/blob/master/DIF-balance-sheet-2020-Q3.pdf

I signed this report with my personal key.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Dash Investment Foundation Board of Supervisors 2020 Q3 Report

An election for Dash Investment Supervisors was completed in July. Darren Tapp and Hytham Abdel-Karim were elected to fill two supervisor roles. A third elected supervisor declined to accept. While the minimum two supervisors required by law was fulfilled, Michael Lewis agreed to continue in his role. Darren was onboarded as the only new DIF supervisor from the election.

Darren was elected chair by Hytham and Michael.

Ryan and Rodrigo were invited to DIF meetings to evaluate how they could contribute. A special meeting was held with only the three sitting supervisors, Darren, Hytham and Michael. At that meeting there was a unanimous vote to appoint Ryan and Rodrigo to fill two additional vacancies. The board is permitted to fill vacancies as required.

In September the DIF BoS met four times. We discussed these topics with the following conclusion.

1. Should the DIF run masternodes?


--There was general agreement that the DIF should not run masternodes.

--Running masternodes will tend to dilute other masternodes of the DAO and would lead to potential conflicts with ability to vote on DIF proposals with network-provided funding.

2. Set Goals


- --Mission and Vision for the organization should be made clear before taking any actions

- --General support for a balancing strategy among real assets

- --General support for investing in companies that support Dash’s growth

- --General support for acting as a DAO savings account (e.g., act a repository for the DAO to accumulate assets that it can vote to deploy toward investments)

3. Jakob form ReadyRaider attended a meeting and the DIF BoS formulated a response to a proposal from ReadyRaider.


- --Outcome was a MOU contingent on their proposal passing.

4. The DIF using reserves to improve mixing speed or privacy by providing mixing liquidity was discussed.


- --It is not clear weather providing more liquidity would speed up mixing experience of users significantly

- --Unanswered question about technical improvements being more helpful

- --Concern that transparency of the DIF might actually compromise mixing privacy.

5. The DIF started evaluating Quadency third week of September.


- --Outcome of that is a proposal to the network https://www.dashcentral.org/p/DIF-Decision-Proposal-Quadency

6. Three other opportunities were explored. We are still evaluating two of them.
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Darren

Member
Aug 3, 2016
121
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New Hampshire
www.darrentapp.com
Launching DIF blog.

Please note the Dash Investment Foundation is launching a blog. A few initial posts have been put up here:


We're experimenting with IPFS. This blog can be found at the hash QmSeBYFjfkTTN5SpyahwczxtuKLneNko6xtbgM4Aq1qzuc
We'll need to update the hash when we update the blog.
 

Darren

Member
Aug 3, 2016
121
90
78
New Hampshire
www.darrentapp.com
The DIF is investigating making markets to increase liquidity and advance the FastPass Network.

The FastPass network has identified one strategic DASH/USDT market they would like the DIF to make.

Other supervisors and myself are uncomfortable with USDT exposure, so I had a call with the exchange and explored the creation of a DASH/USD pair. The initial discussion went well and it is hoped that a new DASH/USD pair will launch. The DIF is exploring making this pair with a professional service or our own humming bot instance.

The blog has been updated, the new hash is QmcoT5j6cHLta6NYGwLJyQB5r26Nm7iydRSAzRYrQNejfj

 
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Geert

Member
Aug 26, 2015
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I see from your blog that you have taken the training wheels off and are now going to invest without input from the DAO. That's your prerogative. It was my hope that you would seek approval from the DAO for illiquid investments and rely upon a professional Investment Manager for your liquid investments, but you are the elected supervisors and I am just a shadowy anon with a big mouth.

I have full faith in the current supervisors. My main concern is that we maintain the caliber of supervisors we have now. I hope we can keep Ryan on as DIF supervisor indefinitely. Is it possible for him to run as supervisor next time?

I would like to thank all the DIF supervisors for your service to the DAO. It's important, and we appreciate it.
 

AgnewPickens

Moderator
Moderator
Mar 11, 2017
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I spent a fair amount of time trying to make my concerns and my argument as clear as possible. Please don't take offense as I am simply trying to insure that the DIF we were presented with and which we voted for is the DIF we get.

The DIF may not always have supervisors of yours and Ryan's caliber. IMHO we need to create a structure whereby we insure that a professional investment manager signs off on the investment strategy or else the DAO itself signs off on the investment strategy. If we don't do this we are at the mercy of whoever happens to be elected to supervise the DIF. I made an analogy about this problem. When you get on a commercial airplane, you do not elect a pilot from the passengers to fly the plane. There are trained, credentialed pilots hired to fly the plane.

I know Geert probably took the time to vote DIF elections, wish we had had more applicants, but the Dash Watch voting process has a horrible UX.
 

Darren

Member
Aug 3, 2016
121
90
78
New Hampshire
www.darrentapp.com