I totally accept their knowledge, business acumen, and growth potential within the industry. This proposal should almost certainly be a good situation for them (and that's good - you want a committed partner). My only concern is the quality of the deal structure and terms regarding Dash's interests (including overall funds from both sides).I don’t know about you but I have been extremely impressed with these guys responsiveness and thorough answers. If my support for this proposal was 85-90% before it is now nearing 100%, but I will reserve that until deliverables are met.
Hopefully tao can do an in-depth interview with them soon where i’m sure other tough question and concerns will arise. If they continue to answer satisfactorily as they have been they will continue to have my support. How about you?
I was there, myself! Wish we had overlapped.I had an opportunity to speak with Ken from alt36 at some length at the Dash open house.
One thing that struck me was his enthusiasm for the project, confidence in his team's ability, and commitment to the Dash network.
The marijuana angle into the payments market is a beautiful Trojan horse.
I am very excited about this proposal and will be voting yes.
The development cost portion will be to support ongoing development and testing new additions as we grow. We intend to roll out multiple phases and will need servers to test without disrupting the production server. We will need database, API, and web servers along with a load balancer to support the development portion.My biggest question is around the $20k and $107 K in Dev/Production Server, Software, and Network Costs in your contribution. I cannot wrap my head around how on earth to spend that much on server hosting alone, unless the software is most of the expense. Now days you could scale up the resources to meet demand. This 127k should be spent on other things. I have access to some multi data center cloud hardware or rack space at very very good pricing that would allow you to grow into it.
Yes, It will be a video interview with tao, stay tuned to Dash Force News.I too look forward to the content of an interview with toa... will it be recorded?
Payments will be made by the core team from escrow. They will be paid based on goals they reach so I don't think this is necessary. With any investments there are risks. You just have to look at the risk/reward and make an informed decision. This is an exciting opportunity and it will have my vote.How about if we do this the other way around?
Instead of us putting up half a million and hoping you keep your word, you borrow half a million on a 36 month schedule and put in a 36 month proposal for us to make the payments on the loan. As long as you are still in business and still supporting Dash as the payment rail, we'll make the payments.
No, but that's already been discussed. They are willing to sign an agreement to use Dash exclusively for the first 24 to 36 months as part of this deal.They will be fully paid out in 4 months. And we will have ZERO guarantee that they won't switch to Ether the next month. If you were handing over half a million, would you really say, "OK, I trust you, no need to sign anything?"
I think most of us are in agreement with that... At least I am. We will have to make sure the Core team puts a contract in place.
I don't really follow your logic with a loan, and I doubt alt36 would go for something like that... unless I'm just completely mis-understanding your statement above. As far as making a contract enforceable, it's usually done with monetary penalties that are pro-rated over the course of the time the contract is in force. So for instance, with a two year contract, if they broke the contract after 1 year, they would have to pay us back 50% of those funds. In this event, I'm not certain who would hold these funds or what future use we'd use them for, but I would leave that up to the core team.Yes, and I offered a way to make that agreement enforceable.
Considering they are a potential competitor and their opinion may be biased, I'm not sure how valuable this would be.... But I suppose they could just submit their own proposal for a similar offeringIn regards to this offer we should explore alternative partners for such a venture, namely Bitpay, who is already deeply entrenched in the virtual currency payment space. They already have software and integrations for bitcoin inplace, which is a core part of dash, as well as having partnerships with Microsoft and Newegg.
I'd like to hear our current PoS provider Blockpay's opinion on this matter too.
I agree, we need a lawyer.[/QUOTE][QUOTE="solarguy, post: 123892, member: 11356" We need a lawyer who does nothing but contract work to go over the proposal to make sure both sides will benefit, and both sides will be protected by the contract. Essentially just to make sure the relationship (as spelled out by the contract) does what we think it does. So, do we have a contract lawyer on staff? Does the Core team know a contract lawyer they trust? This is complex. That's what contract lawyers are for, to make sure a complex relationship works out.
I understand frustration, but please don't let it drive you to burn bridges. I pushed hard for Wall of Coins to get into Dash, pushed hard for their first proposal, pushed hard for their second one. Both failed. I pushed hard for the third one that went through.Okay I think I'm understand things a little more now. Central bank owned with credit-debt card ties; non-disclosure agreements (NDA); back room meetings/deals with Dash Core CFO (oh wait sorry CEO) and immediate support for a very complex deal that cannot be fully disclosed, but getting the full attention of the core; 25% of the total budget with "signed exclusivity contract" (what recourse exactly?); more talk of lawyers not for the high risk concern marijuana poses (even hemp per community concerns) for a centralized governance body in AZ, but to say whether proposals are worthy or not; MN's asking for blow............and the proposal is already sailed right past +10%.
How this direction seems any better than the current system is lost to me, but this is what a "decentralized" community looks like I guess. Where are all the critics who jumped on our thread when people started to see the value everyone here also sees? Mean while the HempSweet proposal last payout cycle that offered all (well except any part related to central banking) this proposal offers, but also included a decentralized exchange gateway, bragging rights for many world firsts like curing 75% of all chronic disease, open sourcing industry patent licenses, sharing all R&D data as it is created, and putting Dash into the hands of real cannabis industry people who do the hard physical/creative work of making all the products that you all hope will be paid for with Dash some day...........oh what it didn't make it. It was half the cost and so much unlimited in potential that made it too complicated.
Absolutely amazing. Strong work everyone. This is something you will be able to look back on decades from now and be really proud to say you were a part of what brought peace, love, unity and respect to the world.