Pre-Proposal: Create the first DASH gateway on Ripple

TroyDASH

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Jul 31, 2015
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We're going to have to get used to paying people to do things they are doing for free for other projects. It's not necessarily fair, but it's how the budget system works.

Think about it. Everybody who integrated Bitcoin has done so for free, right? But it's taken EIGHT YEARS for this organic growth to happen. We have two choices. Dash can wait five more years for its ecosystem to mature to the level Bitcoin's is now, getting there organically and without paying for integrations. That is the first option. The second option is to use our unique budget system to pay for integrations and accelerate the growth of our ecosystem, potentially exponentially. What is better, waiting many years for organic growth, or exponential growth using budget funds to incentivize Dash's adoption?

As the OP suggests, Dash integration will probably happen if we don't pass the proposal, but it won't happen nearly as quickly. It won't happen until the OP is convinced that there is enough money to be made to pay for the cost of the integration. He's not asking for a "bribe," he's asking for risk mitigation.

I'm not saying that I'm either for or against this specific proposal, only that we are going to have to become used to paying for things that other projects get for free. It's our ability to pay that accelerates our growth. In the eighteen months the budget system has existed, our monthly budget has grown from $!5,000 to $700,000; I don't believe this is coincidental.
Agreed. But there's also value in evaluating how much leverage we have as a network for negotiation. Sometimes there can be deal sweeteners that can make a proposal more likely to pass, and where both the network and the contractor business still benefit from the project. The alt36 exclusivity contract is an example where a nice agreement was reached. So even though the expectation will be that the Dash network does pay to accelerate its growth, we should still be conscious for any particular proposal, how much each party stands to gain from the arrangement and if there are any additional provisions that can be added to cultivate a stronger relationship.
 
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Technologov

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Mar 5, 2017
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Looks interesting. I will vote "yes" for this, unless we have better proposals for this month.

Dash will be added to the big exchanges regardless, just like Ethereum and Litecoin were added. Even if unfunded.
 
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Apr 22, 2017
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Could you list, what advantages and synergies gives us your proposal?
It is important for MNOs to see the benefits of financing this integration.
 

halso

Active Member
Apr 27, 2016
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I was initially reluctant but @David makes some good points. Lets use the Treasury to accelerate the expansion of the ecosystem. We are in a race with other cryptos to establish the network effects. I will vote YES.

@ggololicic some media releases after the integration would be nice.
 

camosoul

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Sep 19, 2014
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So... You're an exchange that thinks DASH suck so bad that the only way you'd burden your business with DASH is if DASH pays you enough to offset the loss?

I don't get it. Why are you even here if you think DASH is so shitty? You're an exchange which has weighed all the options and decided that DASH isn't worth the effort because it won't pay out in exchange fees. A one shot won't fix that... So... Will you be back to demand more money to prevent DASH from being removed once it's added?
 

solarguy

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Mar 15, 2017
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Upon further consideration of the proposal, the questions and the answers, I would vote yes. This adds significantly to the tools available to Dash users. It also adds substantially to our exposure to a new demographic (the Ripple crowd) which seems to be growing substantially as well.

If the owner of the proposal has a convincing answer to the immediate "growing pains" problem on gatehub, both in the short term, and in the 1-2 year term, then I would switch to an enthusiastic yes vote.
 

AjM

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Jun 23, 2014
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eduffield

May 12
Ripple Gateware

I’ve noticed a couple proposals to make a ripple gateway, while I don’t have a problem with a service like this and adding ourselves to it, we should strive to support the most open and transparent ecosystem possible.

As far as the two proposals go, one of them is open-source, directly from some stakeholders in the community and the other is a private for-profit company which desires to charge us to create a portal that they will keep the source.

No https://www.dashcentral.org/p/Create-the-first-DASH-gateway-on-Ripple

Yes https://www.dashcentral.org/p/OpenSourceRippleGw

https://medium.com/@eduffield/ripple-gateware-fcc377db8e04
 
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7dhdaQhZ

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Mar 6, 2016
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I support both, and in particular the Gatehub one. They've a good site for Ripple pairs and it'll benefit all. For the price they appear good value relative to other previous proposals
 
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halso

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Apr 27, 2016
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I'm the owner of the open-source Ripple GW proposal and I consider it unfortunate that currently this proposal isn't going to pass. Dash and Ripple users will get much more benefit by having both solutions online.
Their platform doesn't work with people reporting lost and stuck funds. See link just from today.

https://www.reddit.com/r/Ripple/comments/6b8wxp/transfer_from_gatehub_to_another_wallet/

I don't think it would be good for the community to fund an integration that puts peoples DASH at risk.

This proposal is premature.

Before integrating other coins, these guys should instead focus on getting their basic functionality working.
 

mazi

New Member
Apr 12, 2017
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Their platform doesn't work with people reporting lost and stuck funds. See link just from today.

https://www.reddit.com/r/Ripple/comments/6b8wxp/transfer_from_gatehub_to_another_wallet/
Are you kidding?? The above link has nothing to do with lost and stuck funds.

No funds have been lost at GateHub.

Some transactions do take somewhat longer than usual to get processed, but this is the case with other exchanges as well, even the big ones (e.g. at Poloniex all ETC withdrawals were disabled for the whole day yesterday), and has a lot to do with the recent delays on the Bitcoin network itself.

Such completely untrue allegations from members of the DASH community benefit no-one.

Edit: formatting
 
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halso

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Apr 27, 2016
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Are you kidding?? The above link has nothing to do with lost and stuck funds!

No funds have been lost at GateHub.

Some transactions do take somewhat longer than usual to get processed, but this is the case with other exchanges as well, even the big ones (e.g. at Poloniex all ETC withdrawals were disabled for the whole day yesterday), and has a lot to do with the recent delays on the Bitcoin network itself.

Such completely untrue allegations from members of the DASH community benefit no-one.
Below are direct quotes from from the link:

"I can't send or receive ripple to my gatehub wallet." (han5li)

"I transfered 21 ripple just to try, address took 20 and i received only 0.70 ripple." (Donkii)

There are other links on ripple reddit reporting similar issues. This was just a link From today.
 

mazi

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Apr 12, 2017
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There are other links on ripple reddit reporting similar issues. This was just a link From today.
All issues I could see mentioned on Reddit are issues from user not fully understanding how Ripple works (just like the one from your link). This will be cleared up by GateHub's support team.

All exchanges always have pending user support requests -- this is a normal situation and in itself doesn't mean there is anything wrong with the exchange. You will find similar posts about Poloniex, Kraken, Bitstamp.. every exchange, at any time, and especially now.

Such requests of course grow enormously when there are many new users to the platform that are not yet familiar with the technology, and this is exactly what happened on GateHub last week.
 
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solarguy

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All issues I could see mentioned on Reddit are issues from user not fully understanding how Ripple works (just like the one from your link). This will be cleared up by GateHub's support team.

All exchanges always have pending user support requests -- this is a normal situation and in itself doesn't mean there is anything wrong with the exchange. You will find similar posts about Poloniex, Kraken, Bitstamp.. every exchange, at any time, and especially now.

Such requests of course grow enormously when there are many new users to the platform that are not yet familiar with the technology, and this is exactly what happened on GateHub last week.


If you could give us a sense of the scale of future oriented plans and new resources to resolve the current issues, and more importantly, prevent/minimize future similar problems. Quantified numbers, even better.

Thanks in advance
 

solarguy

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Mar 15, 2017
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Note that the other proposal (which I also support) produces a piece of open source software that would allow anybody that is motivated to set up a Ripple/Dash gateway. It does not necessarily end up with a fully functional gateway, that's outside the proposal.

This proposal (although private/closed source) does result in an actual functional gateway--that's the whole point.
 

dashdisciple

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May 21, 2017
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Voted yes. This is the type of integration we need to keep banging out. 100,000 gatehub users, $2M/day in existing volume.. It's not just about the dev work on this one.

The guy is going to hopefully make some money off us, but that's the point. Go capitalism.
 
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dashdisciple

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May 21, 2017
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Voted yes. This is the type of integration we need to keep banging out. 100,000 gatehub users, $2M/day in existing volume.. It's not just about the dev work on this one.

The guy is going to hopefully make some money off us, but that's the point. Go capitalism.
130,000 Gatehub users now. How could anybody in their right mind hesitate on this proposal yet vote for circuses and airshows?

Integrations like this is where the money is at. Dash doesn't even need to hunt the deal - it's being offered up as a prize.
 
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akhavr

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Oct 11, 2014
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I've personally votes yes for this proposal. I would like to see it done, since we have the funds in the Treasury anyway.
 

chaddb

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Sep 27, 2016
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How do we get this thing across the line?
* It's a quality proposal with achievable scope
* Dash needs trading integrations that incorporate fiat crosses
* It complements the open source proposal
* Seems like there's room in the budget for it
 
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solarguy

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Mar 15, 2017
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Agreed.

Perhaps if ten masternodes who support this would ask again, on all the forums (reddit dashpay, the Dashnation slack (sub-channel proposals) and DashCentral) that would be enough. I'll go do my part.

My reasons as to why this is valuable and worthwhile:

1. It adds substantial tools/capabilities to trade back and forth easily and painlessly between various currencies. That's what Ripple does. It's like the Babel fish if you're a Hitchhiker's Guide to the Galaxy fan. Or, it's like Star Treks Universal Translator.

2. The cost is very reasonable to get this done considering the man hours it will take.

3. These are the people who know Ripple frontwards and backwards, and the logical choice for who to get this done in a timely and effective manor.

4. Ripple is going places. A strategic partnership between Ripple and Dash will accomplish far more together than separately.

https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/
http://www.the-blockchain.com/2017/04/28/ten-banks-join-ripples-global-payments-network/

5. Some are concerned that we are paying money to a for-profit company. If it's profitable, they should just pay for it themselves. While I understand this point of view, and this point of view is not wrong, I view it very differently. You know how cool it is to buy premium tickets to get front row seats, and then you ALSO get passes to go backstage and meet the rock stars?

That's what we're paying for, premium express service. We, as a community, need to get used to the idea that we are rich. There's nothing wrong with being rich. Get used to it. Act like it. Embrace it. Raise your hand if you want to go to the front of line, instead of the back of the line!

6. Some are concerned that the end product is not an open source software product, and there is another proposal that does the "same thing" by a community member and results in an open source software deliverable. Evan even said so.

Yes, this is true. And yet, begging to differ with Evan. These two proposals do not do the same thing. These are complementary projects, and even the other open source proposal owner Akhavr wants both to happen.

This project will result in a functional gateway with support. Akhavr's project will result in software that anybody can use to open a gateway, but how many people will actually do that? And provide support? I don't know. How many Linux users are there? How many Microsoft users are there? Isn't it great that WE COULD HAVE BOTH!

What expands the Dash universe the fastest? Do both.
 
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jimbit

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May 23, 2014
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The more exposure and gateways the better.. my votes are yes