(Pre-Proposal) DASHPayCard - DASH Branded Debit Card + Fiat/Dash Integration

Acedian

Member
Mar 17, 2017
243
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Dash Address
XeMABbcebB5yeZH2HxsV7yLNJA9hbzMgpz
Is there a release date for the DashPayCard yet?
 

Mark Mason

Well-known Member
Feb 24, 2017
1,686
556
183
newsroom.dash.org
Hey @CharlieShrem could i kindly ask for an update on your progress please.

As soon as you have a release date, details or any substantial announcements if you could let either @mastermined , @thedesertlynx or me know it would be very much appreciated.

www.DashForceNews.com would like interview you in-conjunction to release. So please feel free to contact us at any time.

Thank you.
 

dashwise

New Member
Apr 30, 2017
11
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42
Looking forward to this one. Good luck and please keep us updated about date, etc.
Also, any help needed.
 

Denzilb55

New Member
Feb 27, 2017
4
5
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31
Coinizy CEO here. Charlie, I really appreciate all your efforts for both BTC & Dash communities, but you might want to credit us the next time you deliberately use our 2015 virtual bitcoin debit card design to craft yours (https://d1ueyc5nx1it61.cloudfront.net/939ebe5717041001104.png) . Thanks, and keep up the good crypto work
Yannick
Are you serious? You designed a card that looks like the map of the world, and now you are claiming your design was stolen. What were you expecting? You should've expected this to happen when you copied the design of the world atlas.
 

younglegend

Member
Jan 1, 2017
102
17
68
PROPOSAL IS LIVE: https://www.dashcentral.org/p/DASHPAYCARD-DEBIT-CARD

Manually vote YES on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 4c42350252e150904635ef6780e09d5f5b015660c104a94798a2a342270642df funding yes

Manually vote NO on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 4c42350252e150904635ef6780e09d5f5b015660c104a94798a2a342270642df funding no


Hey All!

After speaking to many in the DASH community and business development team, I've decided to make a pre-proposal and I'm excited to announce the creation of the DASHPayCard! In addition, I will be working to integrate DASH into Payza for a fiat to DASH gateway.

(This may not be the final design, but the one I'm working with. If you can create a better one please message me!)

How it Works

I've partnered with Payza.com to launch this card. In 2014 I partnered with them to add direct Bitcoin buying/selling - http://www.coindesk.com/payza-launches-bitcoin-buying-consumers-190-countries/

The card will be available to residents of 106 countries, including the USA. It will be issued by a USA bank and have a chip and pin. You can have the card denominated in USD, EUR, and others.

I've purchased DASHPayCard.com and I will build and maintain the project.

To purchase the card, you will create an account, get verified through KYC and then purchase. The card itself will cost between $10-$20 and the fee's to use the card will be low. I'll update this thread when I have more information.

Direct Integration for fiat <--> Dash

I will work with the Payza development team to integrate the ability to sell DASH onto the card and buy DASH as well. Payza supports hundreds of countries and has local payment options like credit card, bank transfer, ect. Now everyone can buy DASH using any of these payment methods directly on their account.



Right now, where it says Bitcoin there will be another option for DASH.

It will be on Add Funds and Withdraw Funds.

Profit Sharing

I'm not 100% sure how this will work. Basically, there is a revenue share that will accumulate from fees to use the card. After talking to the DASH biz dev team, we want to pass the profit back onto the masternodes, miners and community. Would love your feedback on how to do this!

OR

We could just use the funds from the profit share to make the fees lower. I need to ask them about this.
Seems like this idea is the most favored. I will negotiate the rev share and then use that to make the card price and fees as cheap as possible.



Proposal Terms

I'm asking for 450 DASH which will cover a 3 month budget

The costs will cover the following:

- Initial 1 time card program fee is 150 DASH
- Development costs and maintenance 75 DASH per month.
- Customer support is 25 DASH per month.

I estimate that I can get the cards into your hands in 3 months. After that, I can do a 6 months to 1 year proposal for program maintenance.

- I will also provide weekly status updates.

Who am I?


I co-founded one of the earliest and largest Bitcoin companies BitInstant and the Bitcoin Foundation: https://en.wikipedia.org/wiki/Charlie_Shrem

Looking for your feedback!

Charlie Shrem

wonderful job.

I think you can include "DIGITAL CASH" under DASH for better marketting.
 

Gunna

Member
Apr 9, 2017
59
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Where is the update? Proposal is supposed to end in 12 days and there has been nothing......
 

Gunna

Member
Apr 9, 2017
59
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39
I wouldn't hold your breath for any detailed update. But he did mention something in slack a month or so ago. See here:

http://i.imgur.com/lb8Ffyo.png
That says nothing though, all it says is he has an article about the card. If he has time to do an article how about taking the time to update stakeholders and the masternodes that voted yes.

Edit: Sorry i only read the highlighted bit. So there was an update a month after the project was accepted but nothing since then. It seems work had been done however that information was not communicated in here but merely on slack. Some of my concerns have been addressed
 

thesavoyard

Member
Mar 15, 2017
143
40
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45
Amsterdam
www.disaf.eu
Dash Address
Xp8WZRv9Papo21ySQE8ghtQDUxN6qoKzS6
I think under US law the profit sharing would be bribery. The Masternodes are a grant issuing board and your rewards are included in the masternode system.
 

solarguy

Active Member
Mar 15, 2017
890
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I think under US law the profit sharing would be bribery. The Masternodes are a grant issuing board and your rewards are included in the masternode system.
As I recall, the final solution was to use the "profit sharing" to just reduce the cost of using the card to the bare minimum, not to give any money to the MN's.
 
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Leonidas

Active Member
Oct 22, 2016
395
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As I recall, the final solution was to use the "profit sharing" to just reduce the cost of using the card to the bare minimum, not to give any money to the MN's.
And this should be the case for all proposal that bring additionnal profits to themselves (aside from the direct money they get from the network I mean) - that will be the way to keep instantsend and privatesend fees close to 0
 

solarguy

Active Member
Mar 15, 2017
890
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There was a pretty fruitful discussion over on slack with Charlie about the risk of poorly aligned incentives. One tiny part of that conversation was, it usually turns out bad when people can vote themselves money directly. It can easily degenerate into, "Well, we won't pass any proposals that don't give us a direct kickback, Ummmm I mean profit sharing." That's bribery basically.
 
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Mark Mason

Well-known Member
Feb 24, 2017
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solarguy

Active Member
Mar 15, 2017
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He scammed the Dash community.
You could be right. Certainly, time will tell.

Or...Visa/Mastercard has gotten a bee up their bonnet about crypto backed debit cards as a real threat to their business model.

Did you notice the news from ShakePay? They got shut down to do any further business in the US or Canada:

https://steemit.com/cryptocurrency/...visa-cards-services-to-clients-outside-the-eu

I'm totally speculating here, but I just wonder if Payza got the same kind of death threats, uhhhhh, I mean regulatory advisory notice from the banking cartel in the US that they are not welcome here and they should leave, or else...
 

TroyDASH

Well-known Member
Jul 31, 2015
1,254
797
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And we're back to the "update overdue" place again. This is really quite frustrating and although the product might still be on the way, it does not appear that the OP places a high priority/value on keeping the Dash community informed or even having much of a relationship with the Dash community at all, as his public social media presence is constantly filled with comments centering on other projects. I hope Charlie will still deliver even if for nothing else than to protect his reputation.

Note: apparently Max Keiser will be meeting up with Charlie during his dash sponsored tour later this month. I am interested to see how that goes...
https://twitter.com/stacyherbert/status/905266678434590720
 

solarguy

Active Member
Mar 15, 2017
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Lots of contractual relationships (like a contractor building a new McDonalds) insert language with very specific penalties if certain deadlines are missed.

As we gain the ability to have a contractual relationship with Proposal Owners, and something like escrow services, maybe they get penalized monetarily every time they miss an update...
 
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Gunna

Member
Apr 9, 2017
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Lots of contractual relationships (like a contractor building a new McDonalds) insert language with very specific penalties if certain deadlines are missed.

As we gain the ability to have a contractual relationship with Proposal Owners, and something like escrow services, maybe they get penalized monetarily every time they miss an update...
The proposal system is broken and really needs to be resolved otherwise as dash price increases more scammers will come out of the wood works so to speak.

I sent Charlie a message on reddit. Lets see if he updates this thread seeing as he hasnt updated a thing since he won the proposal.
 

asabove.sobelow

New Member
Nov 28, 2016
11
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I sent Charlie a message on reddit. Lets see if he updates this thread seeing as he hasnt updated a thing since he won the proposal.
Charlie's lack of engagement on this project, after he's collected the funds, seems mighty telling. Unfortunately, there's no recourse for DASH apart from to just publicly shame these shucksters who run off with MN funding. How many "ATM"s and "Credit Card"s are we gonna fund, to have nothing to show for it? Apparently several. The whole pay-upfront with no string attached method of funding needs to be addressed. What is the incentive for these folks to actually deliver? As far as I can tell, there's none. That seems like a mighty broken incentive program.
 

Name3

Member
Jun 23, 2017
126
41
78
Charlie's lack of engagement on this project, after he's collected the funds, seems mighty telling. Unfortunately, there's no recourse for DASH apart from to just publicly shame these shucksters who run off with MN funding. How many "ATM"s and "Credit Card"s are we gonna fund, to have nothing to show for it? Apparently several. The whole pay-upfront with no string attached method of funding needs to be addressed. What is the incentive for these folks to actually deliver? As far as I can tell, there's none. That seems like a mighty broken incentive program.

We can always sue them.
 

Name3

Member
Jun 23, 2017
126
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There is a contract. It just isn't a traditional one, even verbal contracts are binding, they are just hard to enforce since there isn't a record of it.
To be legally valid there are only two requirements for a contract:
  • All parties must be in agreement (after an offer has been made by one party and accepted by the other).
  • Something of value must be exchanged -- such as cash, services, or goods (or a promise to exchange such an item) -- for something else of value.
He came to us with an offer, we accepted it and rendered payment. In the eyes of the law that is a contract.
 

MizzyMax

Member
Feb 14, 2017
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There is a contract. It just isn't a traditional one, even verbal contracts are binding, they are just hard to enforce since there isn't a record of it.
To be legally valid there are only two requirements for a contract:
  • All parties must be in agreement (after an offer has been made by one party and accepted by the other).
  • Something of value must be exchanged -- such as cash, services, or goods (or a promise to exchange such an item) -- for something else of value.
He came to us with an offer, we accepted it and rendered payment. In the eyes of the law that is a contract.
Very good point, but if such a thing happened, who would be paid out and who would sue? Would we just hire them through the network to sue? Therefore then we could decide who gets the funds and who sues?

Not saying we should though but legally could that make a case?!
 

TroyDASH

Well-known Member
Jul 31, 2015
1,254
797
183
Very good point, but if such a thing happened, who would be paid out and who would sue? Would we just hire them through the network to sue? Therefore then we could decide who gets the funds and who sues?

Not saying we should though but legally could that make a case?!
You could argue that burning the funds could be considered payment back to the network.
 
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