Let's make SWOT Analysis for Dash

bhkien

Active Member
Mar 31, 2014
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Canada
vietriches.com
Better understanding of Strength and Weakness, Opportunity and Threats, will help us contribute to the success of DASH

Let's make SWOT analysis for Dash. I may have some incorrect points in the initial version, so please correct me and continue to add more points to make it as detail as possible.

Strength

- Talented developers
- Visionary leader
- Good vision (digital cash)
- Professional process for project management
- Professional project managers
- Highly commitment core team
- Able vote to resolve conflicts
- Incentivized full nodes
- Has bigger and bigger development funding
- Very fast transactions with Instant send
- Private send for privacy transactions
- High speed network of masternode servers
- Redundant masternode storage capacity, and bandwidth
- Many Long-term Dash keepers
- Many people who have more than 1000 Dash
- More and more value added services and products
- Many kinds of wallet and available on many platforms (Windows, Mac, Linux, Raspberry, Android)
- Price of Dash is very stable
- Masternode has good income
- Has many exchanges
- Has Dash and Drink vending machine
- Blockchain still small

Weakness

- Mis-understanding of instamine
- Not as many users as other competition cryptocurrencies
- Narrow coin distribution (mainly belong to masternode owners)
- Slow and complicate private send
- Complicated instant send and private send integration
- Not easy to explain about instant send and private send and masternode
- Less users who has small amount of Dash compare with other coins
- Not easy to try Dash (need to buy Dash but hardly to mine it)
- Small liquidity compare with its market cap position
- Because Dash has fewer users than other coins, it has fewer people talk about it and evangelize it.
- Common name and hardly to SEO

Opportunity

- Attract more developers come and work in core team and projects
- More writers, marketers, PR and other specialists
- Integrate instant send and private send to Exchanges
- Integrate instant send and private send to e-commerce websites
- Better distribution by letting normal user mining Dash with their laptop (by changing mining algorithm)
- Better distribution and easier to use by Dash Evolution (long term)
- Implement of Proof of Labor and crowd funding
- Fiat gateway for more adoptions
- Because of very fast transaction if using instant send, Dash can be used as main currency for trading at many Exchanges
- Have more enthusiasts if have easier for entry users
- Have more evangelists
- Can integrate with POS
- Can integrate with vending machine
- Integrate with IoT devices
- Promote Dash through conferences
- Books about Dash and its technology

Threats

- Success of Ethereum and its derives
- Bitcoin's improvements
- Collapse of Bitcoin
- Quantum computer
- Apple continue to reject Dash wallets
- Fake wallets
- Community lose focus
- The core team has wrong priority
- Developers leave to follow other prospect projects
- Lose evangelists
- Evan leaves the project
- Other core team member quit
- Hacker robs Evan's wallet or other core team member's wallets
- Hacker successfully hacked Poloniex
- Trollers continue
- Problems of 51% hashing
 
Last edited:

rustycase

Active Member
Apr 19, 2016
495
117
113
By better understanding about strong and weakness, opportunities and threads we can better contribute to the success of Dash.

Let's make SWOT analysis for Dash. I may have some incorrect points in the initial version, so please correct me and continue to add more points to make it as detail as possible.
This is a good idea, imo !
It amounts to an all-in-one discussion thread ! :)

I suppose I should offer a quickie re-write, to be helpful...
***Better understanding of Strength and Weakness, Opportunity and Threats, will help us contribute to the success of DASH***

Best
rc
 

bhkien

Active Member
Mar 31, 2014
465
287
133
Canada
vietriches.com
This is a good idea, imo !
It amounts to an all-in-one discussion thread ! :)

I suppose I should offer a quickie re-write, to be helpful...
***Better understanding of Strength and Weakness, Opportunity and Threats, will help us contribute to the success of DASH***

Best
rc
Thanks
 

Ryan Taylor

Well-known Member
Dash Core Team
Foundation Member
Jul 3, 2014
550
1,649
263
Scottsdale, AZ, USA
I think this is a great idea. I also think that you should look through your list again with a careful eye for the inclusion of product SWOT vs. Dash network SWOT. Those two should not be conflated in a proper SWOT analysis. Product weaknesses are obviously much more easily addressed than "company" weaknesses. Likewise, product strengths may not truly differentiate the network, or could be easily copied. If that is the case, they are not "company" strengths. Only product differences that create truly competitive advantages should be included in a SWOT, and competitive advantages are exceedingly rare in business... it is a VERY high bar to consider something a competitive advantage. Bitcoin enjoys one in the form of network effects and their surrounding ecosystem.

A well-done SWOT analysis makes this distinction and hones in on the true competitive strengths of the company, or in our case, the Dash network. Focus on the things that are difficult to replicate or overcome. You cannot simply launch a new coin today that is a replica of Dash and gain our market cap and budget immediately, nor can you replicate the 2+ years of successful execution. That is a real strength of our network at this point.

When you get down into the opportunities section, avoid things like "reach out to more developers". That is an action you take in response to an opportunity, not an opportunity itself. An opportunity would be "we enjoy a strong reputation among bitcoin developers, who are growing weary of corporate / MIT funding and influence, which might allow us to attract / steal talent." The action you would take would be "reach out to disaffected Bitcoin developers, such as x, y, and z to offer them a role and compensation", but that is a consequence of a good SWOT, not included in it.

You also need to be more specific in many areas... under "Threats" you have "Bitcoin's improvements". What Bitcoin improvements are threatening us, exactly? Are they implementing InstantSend or something? Threats need to be real and tangible. A threat needs to be something that is an external threat to your success... something like governments threatening our business partners because they don't like the privacy features of the coin. I would also exclude some of these "threats" that are simply "risks" in my book. Another example... Lose evangelists? What is the OUTSIDE threat there? What is the threat that will cause us to lose them? The threats should be specific enough to allow mitigation strategies to be developed, otherwise the SWOT analysis doesn't yield anything concrete for you to go do, which is the whole point of doing it. I don't see what action I could take to address "lose evangelists". However, if this were rephrased as "Forum trolls cause discord in the community over issue 'x' that causes us to lose many of our key evangelists". Now I know what to go do... develop a strategy to deal with the threat the trolls represent. Maybe I can organize a WebEx call to align our key evangelists on the issue. See the difference?

The SWOT analysis is a great tool and this is a great suggestion. It's also great initiative on your part. If you'd like to push this further into something useful, I suggest you learn more about how to craft an effective SWOT analysis that results in actionable outputs, and take another stab at it. In general, you have WAY too many things listed here, most of which wouldn't qualify as a strength, weakness, opportunity, or threat. I would really focus on distilling the truly important items in each category and making sure they can feed into a strategy (e.g., they are specific and actionable).
 
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MangledBlue

Well-known Member
Jun 28, 2014
1,246
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I still need to go back and read all of this: SWOT
----------------------------------------------------------------
SWOT a·nal·y·sis
ˈswäd əˌnaləsəs/
noun
  1. a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
----------------------------------------------------------------

I really like the idea.

Briefly reviewing the OP info, can't say I agree with some of the entries....... but
- I'll have to review all the info when I get some time.

@bhkien Defiantly a great place to start
- Good you :-D




P.S.: And, I learned a new word - lol
 

MangledBlue

Well-known Member
Jun 28, 2014
1,246
678
183
USA
Better understanding of Strength and Weakness, Opportunity and Threats, will help us contribute to the success of DASH

SWOT analysis for Dash.

Strength


- Talented developers- - AGREED
- Visionary leader- - AGREED
- Good vision (digital cash)- - AGREED - - AND SHOULD ALWAYS BE STATED AS: DASH [IN ALL CAPS, AND - ALWAYS]
- Professional process for project management- - AGREED
- Professional project managers- - AGREED
- Highly commitment core team- - AGREED
- Able vote to resolve conflicts- - AGREED
- Incentive full nodes- - AGREED
- Has bigger and bigger development funding- - DISAGREE - HUH? PLEASE EXPLAIN??
??CORRECTION?? - - HAS BLOCKCHAIN DEVELOPMENT FUNDIND- - AGREED
- Very fast transactions with Instant send- - AGREED
- Private send for privacy transactions- - AGREED
- High speed network of masternode servers- - DISAGREE - CLIENT DEPENDENT - IRRELEVANT
- Redundant masternode storage capacity, and bandwidth- - DISAGREE - CLIENT DEPENDENT - IRRELEVANT
- Many Long-term Dash keepers- - DISAGREE - CURRENT HODL'ings DOES NOT GUARANTEE FUTURE HODL'ings
- Many people who have more than 1000 Dash- - DISAGREE - 7 BLN PEOPLE IN THE WORLD = 0.0000000054% ARE DASH HODL'ing A MASTERNODE PER MASTERNODE
- More and more value added services and products- - ABSTAIN
- Many kinds of wallet and available on many platforms (Windows, Mac, Linux, Raspberry, Android)- - AGREE
- Price of Dash is very stable- - AGREE [STABLE FOR CRYPTO :-]
- Masternode has good income- - AGREE
- Has many exchanges- - DISGREE
- Has Dash and Drink vending machine- - DISAGREE - HAD A VENDING MACHINE [UNLESS I MISSED SOMETHING]
- Blockchain still small- - AGREE

Weakness

- Mis-understanding of instamine- - DISAGREE - THIS HAS BEEN VETTED - DEAD SUBJECT
- Not as many users as other competition cryptocurrencies- - DISAGREE
- Narrow coin distribution (mainly belong to masternode owners)- - DISAGREE - 3811 MN'S = 3.811.000DASH IN MN'S = 2.689.000DASH AVAILABLE TO MARKET - IN A NICHE MARKET THIS IS A FINE FIT
- Slow and complicate private send- - ABSTAIN - NOT UNDERSTANDING ANY PROCESS IN THE 'RIGHT NOW' WORLD CAN BE DIFFICULT
- Complicated instant send and private send integration- - ABSATAIN - ADVANCED SUBJECT
- Not easy to explain about instant send and private send and masternode- - DISAGREE - AUDIENCE DEPENDENT
- Less users who has small amount of Dash compare with other coins- - DISAGREE - NOW WAY TO PROVE
- Not easy to try Dash (need to buy Dash but hardly to mine it)- - DISAGREE - DASH IS NO DIFFERENT TO USE COMPARED TO BTC
- Small liquidity compare with its market cap position- - DISAGREE - LIQUIDITY AND MARKET CAPITALIZATION POSITION, COMPARED WITH ANY OTHER CRYPTO IS IRRELEVANT
- Because Dash has fewer users than other coins, it has fewer people talk about it and evangelize it.- - DISAGREE - YOU AND I HAVE NO CLUE WHAT THE USER BASE IS OR COULD BE
- Common name and hardly to SEO- - ABSTAIN - MINIMAL NAME USAGE, PER PRODUCT OVERALL - DIFFICULT TO SEO DUE TO A COMMON ENGLISH WORD

Opportunity

- Attract more developers come and work in core team and projects- - AGREE
- More writers, marketers, PR and other specialists- - AGREE
- Integrate instant send and private send to Exchanges- - AGREE - BUT MUST 'MAKE INTEGRATION' - SIMPLISTIC - NEVER OVER BURDEN ANY "CLIENT"
- Integrate instant send and private send to e-commerce websites- - AGREE - SEE ABOVE
- Better distribution by letting normal user mining Dash with their laptop (by changing mining algorithm)- - DISAGREE - FROM THE CONSOLE, USE [setgenerate true 1] IF YOU WANT TO MINE WITH A LAPTOP - USE AT YOUR OWN RISK
- Better distribution and easier to use by Dash Evolution (long term)- - ABSTAIN - IRRELEVANT
- Implement of Proof of Labor and crowd funding- - ABSTAIN - ?? -
- Fiat gateway for more adoptions- - AGREE
- Because of very fast transaction if using instant send, Dash can be used as main currency for trading at many Exchanges- - AGREED - INTER-EXCHANGE TRADING [I know there is a word orf this... starts with an A]
- Have more enthusiasts if have easier for entry users- - AGREE
- Have more evangelists- - AGREE
- Can integrate with POS- - AGREE
- Can integrate with vending machine- - ABSTAIN - BEEN THERE DONE THAT - RASPBERRY PI
- Integrate with IoT devices- - ABSTAIN - BEEN THERE DONE THAT - SEE ABOVE
- Promote Dash through conferences- - AGREE - BUT, ALREADY DOING THAT
- Books about Dash and its technology- - AGREE - BUT MONEY TALKS.... I'D READ IT :p

Threats

- Success of Ethereum and its derives- - ABSTAIN - ETH IS AN 'OS' - NOT A TRUE COMPETITOR
- Bitcoin's improvements- - DISAGREE - "THEY HAVE SOME?"
- Collapse of Bitcoin- - AGREE - IF BTC GOES, CRYPTO COULD BE SET BACK 5 - 10 YEARS
- Quantum computer- - AGREE - BUT, DASH COULD JUST BE RE-WRITTEN INTO 'QUANTUM-DASH' OR 'DASHq'
- Apple continue to reject Dash wallets- - DISAGREE - MAKE A BETTER CASE FOR APPLE TO ACCEPT DASH
- Fake wallets- - AGREE - EVERYTHING SHOULD POINT TO 'DASH.ORG'
- Community lose focus- - ABSTAIN - IF I HAVE TO BE THE LAST ONE TO TURN OUT THE LIGHTS, SO BE IT
- The core team has wrong priority- - ABSTAIN - DASH VOTING SYSTEM WILL NOT ALLOW IT
- Developers leave to follow other prospect projects- - ABSTAIN - NO COMMENT
- Lose evangelists- - AGREE
- Evan leaves the project- - AGREE - BUT - DISAGREE IF SOUND SUPPORT, PADAWAN OR OTHER MAJOR TEAM PLAYER STEPS IN LIKE 'FLARE' - NOT TRYING TO SINGLE OUT 'FLARE'
- Other core team member quit- - DIS/AGREE - THERE ARE, PERCEPTUALLY, VARYING LEVELS OF 'CORE MEMBER'S'
- Hacker robs Evan's wallet or other core team member's wallets- - IRRELEVANT - ANY, PERSON'S, PERSONAL SECUIRTY, TO ANY, COMPUTING SYSTEM, IS THEIR OWN RESPONSIBILITY
- Hacker successfully hacked Poloniex- - DISAGREE - [MEMORIES....] UH, GOT GOX? .... MOVING ON,,
- Trollers continue- - DISAGREE - BEEN THERE DONE THAT - UGH
- Problems of 51% hashing- - DISAGREE - I FORGET THE DETAILS BUT - GO AHEAD AND TRY

I'm still waiting for somebody to BREAK 'DASH' but - seems to me, there are no takers......
\

My reply is posted above in CAPS






:p
 

MangledBlue

Well-known Member
Jun 28, 2014
1,246
678
183
USA
I think this is a great idea. I also think that you should look through your list again with a careful eye for the inclusion of product SWOT vs. Dash network SWOT. Those two should not be conflated in a proper SWOT analysis. Product weaknesses are obviously much more easily addressed than "company" weaknesses. Likewise, product strengths may not truly differentiate the network, or could be easily copied. If that is the case, they are not "company" strengths. Only product differences that create truly competitive advantages should be included in a SWOT, and competitive advantages are exceedingly rare in business... it is a VERY high bar to consider something a competitive advantage. Bitcoin enjoys one in the form of network effects and their surrounding ecosystem.

A well-done SWOT analysis makes this distinction and hones in on the true competitive strengths of the company, or in our case, the Dash network. Focus on the things that are difficult to replicate or overcome. You cannot simply launch a new coin today that is a replica of Dash and gain our market cap and budget immediately, nor can you replicate the 2+ years of successful execution. That is a real strength of our network at this point.

When you get down into the opportunities section, avoid things like "reach out to more developers". That is an action you take in response to an opportunity, not an opportunity itself. An opportunity would be "we enjoy a strong reputation among bitcoin developers, who are growing weary of corporate / MIT funding and influence, which might allow us to attract / steal talent." The action you would take would be "reach out to disaffected Bitcoin developers, such as x, y, and z to offer them a role and compensation", but that is a consequence of a good SWOT, not included in it.

You also need to be more specific in many areas... under "Threats" you have "Bitcoin's improvements". What Bitcoin improvements are threatening us, exactly? Are they implementing InstantSend or something? Threats need to be real and tangible. A threat needs to be something that is an external threat to your success... something like governments threatening our business partners because they don't like the privacy features of the coin. I would also exclude some of these "threats" that are simply "risks" in my book. Another example... Lose evangelists? What is the OUTSIDE threat there? What is the threat that will cause us to lose them? The threats should be specific enough to allow mitigation strategies to be developed, otherwise the SWOT analysis doesn't yield anything concrete for you to go do, which is the whole point of doing it. I don't see what action I could take to address "lose evangelists". However, if this were rephrased as "Forum trolls cause discord in the community over issue 'x' that causes us to lose many of our key evangelists". Now I know what to go do... develop a strategy to deal with the threat the trolls represent. Maybe I can organize a WebEx call to align our key evangelists on the issue. See the difference?

The SWOT analysis is a great tool and this is a great suggestion. It's also great initiative on your part. If you'd like to push this further into something useful, I suggest you learn more about how to craft an effective SWOT analysis that results in actionable outputs, and take another stab at it. In general, you have WAY too many things listed here, most of which wouldn't qualify as a strength, weakness, opportunity, or threat. I would really focus on distilling the truly important items in each category and making sure they can feed into a strategy (e.g., they are specific and actionable).

Read this later today :p
 

Solarminer

Well-known Member
Apr 4, 2015
762
922
163
@kot. I would like your opinion on this. I could see this as a way to set goals to improve certain aspects of Dash. Probably a list isn't the most effective way to do this, but I am sure you have tools that you have used that could make this work better. Our goal should be to improve on our weaknesses while also understanding the competition. Can you think of options on doing this effectively in a quantitative way?
 

kot

Administrator
Dash Core Team
Foundation Member
Mar 17, 2015
717
1,884
263
Hi @bhkien
Thanks for the effort - good start for the analysis. I would strongly take into consideration feedback from @babygiraffe and re-work the list.
My agenda if full till Friday but starting from Friday I would be more than happy to join the work on this and share my input.

@Solarminer
Do you want to join? You have an interesting perspective on the project and your input might be very valuable.
 

Iñaki

Member
Oct 22, 2017
50
13
48
This is a great idea. To successfully bring Dash to market such analysis should be central to the strategy. I hope we can get great insights from many parts of the community.

My take:

Strengths:

Most established masternodecoin. (More possible things to build on 2 layers of infrastructure compared to just 1)
Most established treasurycoin. (Purchasing power advantage compared to competitors)
Long term sustainable funding.
Versatile and well funded core team.
Core led by payments professionals.
Core is thinking outside of the CC box.
Clear and working governance structure.
Great and growing BizDev teams.
Able to pay for marketing.
Able to pay to get quicker integrations.
Evolution as a potential netscape moment of cryptocurrency coming.
Focused on dominating niche markets at the beginning.
Constantly innovating.


Weaknesses:


Still catching up to competitors.
No way to hold proposal owners accountable.
Very weak presence in Asia(esp. japan with the ban).
Low marketcap ranking -> lower visibility.
Instant send is not chainable.
Instant send is not demanded in the CC payments industry.
Private send takes quite long.
Only sender privacy.
"Official" mobile wallets don't have good UX.
No huge ICO money warchest.
Non masternodeowners are second class citizens in Dash -> Emotional barrier to entry.
Instamine has image consequences.
Media views Dash as privacy-only CC.
Private send is viewed as inferior privacy.
Many masternodeowners are voting based on sympathy and emotions instead of rational considerations(e.g. Huobi, Vaultoro).
Partial media blackout.
Not many non core devs working on Dash compared to other projects.
Many imo badly structured outreach proposals continue to be funded without improving.
Core team takes ages to release important documents(e.g marketing findings, roadmap).


Opportunities:

Market potential in Asia.
BizDev teams can be built out.
Make everyone first class citizen with masternodeshares.
Can harden 51% resistance.
Can get more interesting for third party devs with Evo and SDK.
Can implement tokenisation capabilities.
Can try to get "frictiontoken" projects to migrate to dash


Threats:

Treasuryfunds are used wastefully and inefficient.
Higher MC coin implements treasury and/or masternodes and has a financial advantage.
Regulatory issues because of PrivateSend.
Neglect of store of value or unit of account properties due to focus on being only a payments system (while in fact Dash is an asset).
Must drop important dash funded organisations due to volatility.
Innovations might introduce dangers or bugs at the blockchain level.
 
Last edited:

mage00000

Member
Oct 27, 2017
48
5
48
57
Thailand
Dash Address
Xpfu8DXjeG7i6bsWcm25mXb27T2e7t3Su8
Let's have a look :eek:

Strength


- Talented developers
- Visionary leader
- Good vision (digital cash)
- Professional process for project management
- Professional project managers
- Highly commitment core team
- Able vote to resolve conflicts
- Incentivized full nodes

>> how is that a strength?
- Has bigger and bigger development funding
>> Not necessarily. That depends upon the market price of Dash. Last Dec Dash had a lot more to spend than it has today.
- Very fast transactions with Instant send
- Private send for privacy transactions
- High speed network of masternode servers

>> Although I do not know the technical implementation of this network layer, I think this is a valid point. But I also think it can be utilized much more than it is today, for example to mitigate the thread of a 51% attack and I can also see scaling solutions utilizing this layer.
- Redundant masternode storage capacity, and bandwidth
>> see my above comment
- Many Long-term Dash keepers
>> That is not a strength. Many Dash users would be a strength. And I think there are many Dash users. The problem is that Dash usage expansion focusses on 'troubled' countries and those users will not promote Dash outside of their direct environment.
- Many people who have more than 1000 Dash
>> how is that a strength?

- More and more value added services and products
- Many kinds of wallet and available on many platforms (Windows, Mac, Linux, Raspberry, Android)
- Price of Dash is very stable
>> That is a matter of perspective. Compared to dinosaur money it certainly isn't. And I don't expect it to get stable any time soon.

- Masternode has good income
>> Good for them, but good for Dash? How? It did incentivize Neptune Dash to build MN's and thus attract investors to buy Dash.

- Has many exchanges
- Has Dash and Drink vending machine
>> I have never seen one, so I do not see this as a strong point.

- Blockchain still small
>> So? It has growth potential? Is that what you want to say? It won't remain small.


Weakness

- Mis-understanding of instamine
>> This was true up until somewhere last year. I haven't heard much about it anymore. But then again I see a huge media blackout regarding Dash especially on youtube.

- Not as many users as other competition cryptocurrencies
>> LOL! Which ones? Cardano, IOTA? Where can you buy a coffee with Cardano? I think you mean not as many speculators investing in Dash. Look at the facts. IOTA isn't even working and has a higher market cap than Dash which actually does work and is used.

- Narrow coin distribution (mainly belong to masternode owners)
>> Partially true. About half is locked up in a few thousand MN's. The other half however has a very wide distribution.

- Slow and complicate private send
- Complicated instant send and private send integration
>> ? Instant send is just a check box in my wallet...

- Not easy to explain about instant send and private send and masternode
>> That is a very personal issue. There are video's out there that explain it very clearly. Amanda B....

- Less users who has small amount of Dash compare with other coins
>> I don't think that is true. Where did you get your data from? What other coins are you talking about?

- Not easy to try Dash (need to buy Dash but hardly to mine it)
>> Very easy for me. In NL we have https://anycoindirect.eu/ where you can convert your EUR directly into Dash. In TH we have https://bx.in.th where you can convert your THB directly into Dash. More businesses accepting Dash would surely help, though. Ebay, Amazon...

- Small liquidity compare with its market cap position
>> That is a matter of opinion. The Market Cap position is a very deceptive thing (as I mentioned before).

- Because Dash has fewer users than other coins, it has fewer people talk about it and evangelize it.
>> It does not have fewer users, but it certainly lacks evangelists.

- Common name and hardly to SEO
>> I do not understand this point.


Opportunity

- Attract more developers come and work in core team and projects
>> this is not an opportunity. it is a possibility. I think Ryan made a valid point about this one. (and some others)

- More writers, marketers, PR and other specialists
- Integrate instant send and private send to Exchanges
- Integrate instant send and private send to e-commerce websites
- Better distribution by letting normal user mining Dash with their laptop (by changing mining algorithm)
- Better distribution and easier to use by Dash Evolution (long term)
- Implement of Proof of Labor and crowd funding
>> That makes me think of pregnancy... ;) I know Proof of Work. I guess I'm just unfamiliar with this term. I'll look it up later.

- Fiat gateway for more adoptions
>> there are fiat gateways as I already mentioned.

- Because of very fast transaction if using instant send, Dash can be used as main currency for trading at many Exchanges
- Have more enthusiasts if have easier for entry users
- Have more evangelists
- Can integrate with POS
>> Dash is integrated in a number of POS systems

- Can integrate with vending machine
- Integrate with IoT devices
- Promote Dash through conferences
>> Dash is promoted at many conferences.

- Books about Dash and its technology
>> See Ryans comment on most of these. I think many of these points are based on a limited knowledge about the Dash project.


Threats

- Success of Ethereum and its derives
>> How is that a threat? Ethereum is an entirely different, almost unrelated project.

- Bitcoin's improvements
>> BTC has a loooong way to go before it can even remotely be considered a threat. In fact I strongly believe BTC will fail eventually as will LN.

- Collapse of Bitcoin
>> I think that will happen, but not anytime soon. Dash is well positioned to take its place. Its original place; a peer to peer cash system.

- Quantum computer
>> They will never be a threat and especially not to the X11 algorithm. It would take too much typing here to explain but I am sure I have a better than average understanding of the subject and I firmly believe this to be true.

- Apple continue to reject Dash wallets
- Fake wallets
- Community lose focus
- The core team has wrong priority
- Developers leave to follow other prospect projects
- Lose evangelists
- Evan leaves the project
- Other core team member quit
- Hacker robs Evan's wallet or other core team member's wallets
>> how is that a threat? Why specifically these wallets?

- Hacker successfully hacked Poloniex
>> how is that a threat? Why specifically this exchange?

- Trollers continue
>> They will. So? How is that a threat?

- Problems of 51% hashing
>> Do the math. (as our beloveth liberty-Mason would say)

I think this is a good initiative, don't get me wrong, but I also think this list needs a lot of tweaking before it becomes a valuable tool that we can use to advance the project.
 
Last edited:

mage00000

Member
Oct 27, 2017
48
5
48
57
Thailand
Dash Address
Xpfu8DXjeG7i6bsWcm25mXb27T2e7t3Su8
I have thought about this a bit more and truly believe this is something we need to do, but very few of us have a global view of the entire project. For example things that may be true in the US may not be true elsewhere.
So I would suggest a small brainstorm session where we just write down points that enter our minds when thinking of Dash. Later on we can then structure that into lists that apply to the network, the core team or other parts.
My thoughts:
What attracted me to Dash is its professional set up. As far as I know it is the only project that is self-funding, which in my opinion is a must for a project to be successful. The Dash treasury is IMHO Dash's strongest point. But the value of the treasury depends on the price of the coin, and this price is determined largely by speculators. To make matters worse, by amateur speculators.
I mentioned IOTA before which is a project that doesn't even work, yet its marketcap is 50% higher than that of Dash. This shows how current speculators are valuing projects. The good thing is that I expect this to change as soon as institutional money comes in. But we must make sure that Dash is seen by these investors and we must manage to increase our marketcap sufficiently to avoid becoming a pump and dump play-ball for these larger investors.
Dash is focussed on expansion in poorer countries which is from a humanitarian viewpoint a very good thing. But most crypto promotions are done on youtube and how many Ghaneese crypto youtube channels are there? Also we must understand that "the rich" intend to remain rich and do not want to see the poor becoming rich. So if we only focus on helping the poor we will find the rich (and powerful) against us.
What also adds to Dash's professionalism is the strong focus on being a payment solution and its ability to quickly and efficiently resolve issues. I think however that a second voting mechanism should be created for matters that do not involve the treasury. Such as voting on a new logo or voting for should we go left or right. These polls should probably not require the 5 Dash payment, but perhaps a equivalent of a few 100 USD only.

Well those are my thoughts, from which strong points, weak points and the others can be extracted at a later stage.
Hope this helps.
 

mage00000

Member
Oct 27, 2017
48
5
48
57
Thailand
Dash Address
Xpfu8DXjeG7i6bsWcm25mXb27T2e7t3Su8
:oops: I should pay more attention....
Anyhow, I still think it should be picked up. But not just by one or two people.