Pre-proposal: Let millions of Chinese investors on Huobi invest Dash

[camosoul]

OP specifically said the 1000 Dash would be used for an airdrop, nothing else.

And you believe it? Even if so, we're literally being asked to take 1000 DASH and scatter it to the wind... DASH sucks s bad that this is the only way it can garner interest?

We shouldn't do everything just because we can. @camosoul is right. The fact that it's not our own money really makes us reckless. This is concerning.

We'll learn responsible spending the easy or the hard way. This proposal leads definitely to the latter.

It sucks to be the only adult in the room for 3 years...

Pain is an excellent teacher, learn well...

 

[camosoul]

I could see helping them figure out how to integrate IX.

Airdrop; fuck no.

If this proposal were revamped in a floor strike-all amendment that asks for help integrating IX to a variety of trading pairs, even ALT/DASH; AND NOTHING ELSE, I might, maybe be persuaded to vote for the first time in forever...

I see an inherent conflict of interest in exchanges. They don't care about money printing. They don't care about utility, technology, usability or feature set. They care about lots of money changing hands for no reason with piles of fees collected. Exchanges actually encourage ponzi, and we see it in the airdrop.

If you integrate IX for instant transfers, even that is a bit of a letdown, because all you're doing is accelerating/enabling arbitrage ponzi... Which is all traders and exchanges really care about.

The airdrop idea comes from a bad place, and makes it worse.

 

[camosoul]

Look at crypto at large. The cracks are showing. Obnoxious use-cases for blockchain are being invented that don't have any real purpose. BTC is reduced to photocopying itself; I thought crypto was supposed to end money printing? There's a "diverse, organic ecosystem" around trying to band-aid 1st-gen crypto's failings and prop it up as an investment. Most of the ponzi wasn't intended, but it drew that crowd due to it's lack of feature set, preventing it being good for anything else. That crowd is now the overwhelming majority; even in DASH. This is why I say the budget may be bustd and grossly abused, but that may actually be a good thing given the absolute retards that are voting... They've run at every tangent other than fixing the problems, even unto betraying all of it's original tenets... They're begging for government to step in. The implosion will be several orders of magnitude worse than MtGox... You think there won't be a government over-reaction, and that it won't be very, very ugly for crypto?

DASH needs to blaze it's own trail, not follow suit in the clueless immaturity. DASH needs to stand apart, and very publicly distance itself from crypto-at-large before that inevitable "crackdown" comes. DASH needs to distance itself so it doesn't get included.

How can DASH claim to be different, if it plays all the same dirty ponzi games?

My septic tank is a "diverse, organic ecosystem" but, that doesn't make it a good place to live. It's a fuckin' septic tank! Why are you even considering it? Just because a bunch of idiots live in their septic tanks? Turn on your brain and go your own way...

You've got to look at the bigger picture, and see how you're fitting into it. If the bigger picture is bad, you need to go make your own damn picture. This means you won't have many friends. You'll have to leave the failures and losers behind, and they won't like that. You'll have to work with only a trusted few who "get it." The losers can cry about how unfair it is when they get left behind. Again. Still.

There is no "wisdom of the crowd" for winners and winning; because winners are so very few, and not part of the crowd. "Wisdom of the crowd" is noting but the consensus opinion of a bunch of losers trapped in the center of the Bell Curve. DASH is supposed to be those few in the 99th percentile.

Not an airdrop to the cryptotards.

 

[huobipro]

Thank you everyone for replying. It is the first time we approach Dash community and we are so glad to see the cooperation begins. What everyone cares about can be list.


1. When does Huobi.pro support InstantSend function because it can show how Dash is different from Bitcoin and Litecoin?

—— InstantSend is a very important function of Dash, we will discuss with our tech team to have a research on it and give an estimation.


2. Why does Dash need to pay an entry fee on Huobi.pro while other coins not?

—— We are sorry to cause misunderstanding on it. There is no entry fee on Huobi.pro. We only launch what we think is suitable for our users. Dash is the one. Actually, Huobi.pro already bought Dash for air drop to Bitcoin and Litecoin traders. According to our experience, 1000 Dash is not enough to air drop our traders. The extra cost will be handled by us.


As we think Dash has great potentials to become a worldwide e-cash platform, we want more people to learn it. Air drop is only a part of the promotion that we do for Dash. Being one of the largest exchanges in China, we understand our investor deeply, and we can help our investors to acquire knowledge of Dash in various ways.


3. How do you ensure you use these coins of Dash as air drop?

——That is a good question. Firstly, as 2nd point said, Huobi.pro already bought Dash for this activity and it is not using for add Dash trading pairs. Secondly, we welcome Dash China community involve in and supervise our activities. Thirdly, we will give a report on it for Dash community.


Thanks for your advice. We hope it could be clearer for community. It is midnight in Beijing now. Let's talk tomorrow. Good night.

 

[The Fire Knight]

Not a masternode, but yea I agree that we need to be on Huobi, but it doesn't make sense to pay for something other coins get for free. Honestly, Huobi is going to regret not having Dash come Evolution time, so I say we hold out for more. Perhaps ask them to make Dash a base trading pair. Dash/usdt, Dash/btc, Dash/Bch, Dash/Eth, Dash/Ltc, Dash/xlm, Dash/Xrp, Dash/Xem.

 

[camosoul]

I see an inherent conflict of interest in exchanges. They don't care about money printing. They don't care about utility, technology, usability or feature set. They care about lots of money changing hands for no reason with piles of fees collected. Exchanges actually encourage ponzi, and we see it in the airdrop.

If you integrate IX for instant transfers, even that is a bit of a letdown, because all you're doing is accelerating/enabling arbitrage ponzi... Which is all traders and exchanges really care about.

Quoting self to emphasize this specific point.

Due to ponzi influx induced by a longstanding lack of feature set, "investors" often have polar-opposed interests to DASH's aims to fulfill all the broken promises of the Satoshi Experiment.

It's hard to find a common ground when most of your features are irrelevant to the audience.

Air drops work for ponzi-minded interests. DASH needs to separate itself from that. But, that is Huobi's bread and butter... DASH is nothing but another abbreviation on their target demographics' Ouija Boards. They don't know shit abut it, and they don't want to know shit about it. This doesn't benefit DASH.

If they really did already buy 1000 DASH to support that interest, lets see them drop it as an act of good faith. Its of no interest or benefit to us to add more to that pile. It attracts the sort of users Huobi wants, but not the kind we want. It's a demographic mistarget. If they invested in it and it worked for them, good for them! I'm not going to double their stack on an empty promise, and for a purpose that does not further our interests.

Then, we could discuss paying someone experienced to help them integrate IX.

No, better idea. Propose IX integration now, and vote on it. Hold IX integration payment in escrow until we see the air drop land.

Then we'll know if they actually do have it, and aren't just talking game to get more.
We'll also know if their intentions to drop it are real.

If both of those prove true, then we have established trust.

In a way, this is a bigger opportunity than most proposals, simply from the opportunity to establish trust angle.

 

[TroyDASH]

IMO, the purpose of integrating with an exchange is to increase access to Dash, *not* for the exchange to act as a marketing agent for Dash. I think the intention of an airdrop is most likely to stimulate trading activity and by extension, fees for the exchange, and is not a particularly good marketing tool. I don't think I would support spending these funds for the purpose of an airdrop.

 

[camosoul]

Propose IX integration now, and vote on it. Hold IX integration payment in escrow until we see the air drop land.

I'm re-writing your proposal for you in such a way that nobody can have a real problem with it.

Make it an IX integration proposal and nothing more. We'll work with you get it ready (find someone competent and willing if you cannot), and you can launch it at the same time as your air drop. When we see that the air drop was real, the escrow will be released.

This will give us early indication, because if there is no cooperation or effort to integrate IX, we know you never had any intentions to do it, and were just here with a story trying to get 1000 DASH off the suckernodes.

But if you follow through, we both get what we want. You get to run your air drop promotion, we get IX news/press. Together, these two things help each other. We're getting a lot less out of it than you are, but it's still mutually beneficial even if lopsided.

It won't be particularly useful unless other exchanges do it, too. And then, only for ponzi-head arbitrage... This doesn't really help DASH, as we want to separate ourselves from that, not join in with it.

I personally know 3 people who are capable of making your IX detector. Whether they want to or not...

 

[Iñaki]

Why would an exchange need to implement instant send?
It’s more like instant receive, until it’s spendable again it needs to get confirmed x times anyway right?

Of course market presence in Asia is needed, and a marketing campaign is great but I don’t see how airdropping a coin would convey much value.

DASH pairs would be awesome.
As would be a real user marketing campaign, which would also lead to more trading

 

[GrandMasterDash]

@camosoul you're right about bitcoin and crypto in general, all the new money doesn't care much for the core values crypto offers, but that's not the point. The point is, new syndicates don't operate like old syndicates. Two years ago we said all this stuff and it was right at the time, but not now. It's not the way I would of done it, but the recklessness you talk about got us from $3 to $300. Yes sure, it could of been very different, but it wasn't a complete loss, or else you're in the wrong place.

For the record, I'm not entirely sold on an airdrop but it really comes down to execution. They seem to be genuinely interested in educating their customers about dash and I'm flattered they are engaging with us to find mutual ground. Yes, dash is the whore of crypto, but I really don't care so long as it gets us from A to B.

 

[GrandMasterDash]

@huobipro What would it take to make dash a base currency for direct trading into other alts?

 

[fuzzyduck]

If you airdrop dash to users to experience speed, you'd better have instasend enabled for deposits and withdrawals on the exchange.

And escrow 1000dash until that is delivered for those users?

 

[qwizzie]

You got my support, its great to see Dash finally added to Huobi (Pro). The budget proposal amount is acceptable in my eyes.

 

[TroyDASH]

Why would an exchange need to implement instant send?
It’s more like instant receive, until it’s spendable agin it need to get confirmated x times right?

Of course market presence in Asia is needed, and a marketing campaign is great but I don’t see how airdropping a coin would convey much value.

DASH pairs would be awesome.
As would be a real user marketing campaign, which would also lead to more trading

Instantsend deposits would be extremely useful for arbitrage

 

[Macrochip]

We can cease the debate, the proposal is already live with zero modifications from OP.
https://www.dashcentral.org/p/dash-on-huobipro

 

[GrandMasterDash]

Well that was a bit shitty

 

[Vedran Yoweri]

We can cease the debate, the proposal is already live with zero modifications from OP.
https://www.dashcentral.org/p/dash-on-huobipro

that's a really dumb thing for them to do.

i hate airdrops / giving away free coins as much as any of you, but could it be a cultural thing? would really like the china team to chip in.

 

[qwizzie]

that's a really dumb thing for them to do.

i hate airdrops / giving away free coins as much as any of you, but could it be a cultural thing? would really like the china team to chip in.

I think the following compensates for the airdrop costs :

c. Marketing. We will post announcements on our website and Social Media which will be exposed to our millions of users, Dash will definitely get more popular in China. Huobi’s marketing channel will includes:

Twitter: 35k Followers

WeChat：160K Followers

Chinese Media: Jinse.com, BitKan, BTC123, AICoin

WeChat &QQ Group: more than 100 groups

Huobi Brilliants’Talk Show: 8 million audiences in total

All in all i regard it as something to sweeten the deal with. So be it.

 

[TheSingleton]

I was in favour of this proposal but I wanted to see them use an escrow.

Well this sucks.

 

[bhkien]

I think support InstantSend is critical, and I also think we don’t need any budget for airdrop. That only attracts more speculation.

 

[Stealth923]

After reading discussions I am in 2 minds, yes I think that airdropping is not the best idea, but I dont know a thing about how to get the Chinese market going, so I will trust their judgement as they have been operating one of the biggest exchanges in China and know how to get their massive user base to listen.

What I DONT want to happen is we get integrated and forgotten about, whats the point in that? Integration should have marketing attached and work hand in hand. Whats the point of integrating and most people go "meh" and carry on using bitcoin and litecoin.

I see it more long term, if Huobi integrates us and it goes really well and more liquidity is added, OKEx, Coinone may add Dash and add more liquidity which then starts a chain reaction where Coinbase, Bitstamp etc start to take us more seriously, then would you say the 1MN air drop was worth the marketing?

We cannot see the value of all marketing proposals as its all a risk/reward but this is our first chance to get China on-board and I am not throwing away this opportunity.

For me to vote yes:
1) Escrow of 1000 Dash MUST happen.
2) InstantSend integrated for BOTH deposits and withdrawals.
3) Detailed reporting of marketing and air dropping back to Masternodes.
4) If we can get more Dash pairs on that would be a bonus!

p.s besides saying flat out no to air drop, anyone have any other ideas to market this integration effectively within China?

 

[qwizzie]

I think support InstantSend is critical, and I also think we don’t need any budget for airdrop. That only attracts more speculation.

I dont consider enabling InstantSend on Huobi critical for passing this budget proposal, they said that they will look into it and thats enough for me.
The airdrop thing .. well .. Huobi obviously feels strongly about that and it clearly forms a part of the deal.
People voting no on the actual budget proposal (https://www.dashcentral.org/p/dash-on-huobipro) because of the airdrop, need to understand they will also be voting no to integration of Dash to Huobi.

That means it gets uncertain if Huobi will integrate Dash on the short term, while we have an opportunity to arrange that integration right now.

Also i think we need to have a seperate discussion in our community about how we could integrate escrow methods & pre-proposal discussions more effectively in our budget system, because i think those two can be easily
overlooked when creating a budget proposal.

 

[GrandMasterDash]

I dont consider enabling InstantSend on Huobi critical for passing this budget proposal, they said that they will look into it and thats enough for me.
The airdrop thing .. well .. Huobi obviously feels strongly about that and it clearly forms a part of the deal.
People voting no on the actual budget proposal (https://www.dashcentral.org/p/dash-on-huobipro) because of the airdrop, need to understand they will also be voting no to integration of Dash to Huobi.

That means it gets uncertain if Huobi will integrate Dash on the short term, while we have an opportunity to arrange that integration right now.

True, but their last words here were, "Thanks for your advice. We hope it could be clearer for community. It is midnight in Beijing now. Let's talk tomorrow. Good night.". And then the proposal was posted! I don't feel like voting until there is some kind of explanation.

 

[Macrochip]

If I cared about "short term" I wouldn't be in Dash. On a global scale Huobi isn't even a Top 20 exchange btw

 

[Runntoy]

The crypto world are laughing at us. We are giving away free money! I don't know if I'll cry for how stupid we are!

 

[Macrochip]

The crypto world are laughing at us. We are giving away free money! I don't know if I'll cry for how stupid we are!

Thank you for your insight long time community member of 32 minutes able to talk about "us" in his very first post on this forum...

In other news this proposal has merely been submitted, far from approved, so nobody has given away anything yet.

 

[TroyDASH]

Voting no - I don't like the airdrop and the hasty submission just locked in my decision.

 

[tungfa]

that's a really dumb thing for them to do.

i hate airdrops / giving away free coins as much as any of you, but could it be a cultural thing? would really like the china team to chip in.

guys take it easy
yes it is a cultural thing
they are still learning the system and 'how to' - hence
huobi did the pre proposal thread (here) as asked, sure they did the proposal a bit quick - but not everybody is a pro as us
(+ they wanna build some PR and promotion around that proposal , so they need to put it out there early to have time build that marketing)

yes there are a lot of cultural differences (as with any other culture / country)
giveaways are a big thing in china , i had multiple conversations with our chinese team + Huobi about it
i trust them , a they are 'the' locals and know that culture (that is why Alexy + raico are our Dash China Team since 3 years +)
we have these people in place because we need their input for that culture - as decentralised as we are we have to be in cultural differences as well
so - if they (the locals) confirm to us - it is the way to go in their country / culture - i listen to them as they 'know' (and that is what they are hired for)

 

[paragon]

This proposal would be much more valuable if you could integrate Dash's Instant Send because the arbitrage opportunity of trades with Dash would increase your revenue and it would also represent a necessary step towards making Dash a base pair as it would become much more efficient than btc as a reserve cryptocurrency

 

[Foyva]

I do hate the idea of giving it to traders holding LTC and BTC. Can't the 1000 Dash just be used to allow it's users to not have to pay withdraw fee until the funds run out? They could even set up a masternode and airdrop the rewards to everyone holding 1 Dash on their exchange. You know incentivise people to buy Dash instead of giving it to them.