Proposal URL: https://www.dashcentral.org/p/BuyDash Update 2017-06-01: Even though we got 415 yes votes, the 334 no votes were way too high and it seems the masternode community is not interested enough in this idea. Would have been risky, yes, but I still think we would have found a way to make this useful for everyone. In any case we will probably revisit the idea some time in the future, most likely not as a non-profit, but as a pay-service to make this profitable for us and not just helpful for new users. For now we have to accept other work to pay the bills, it was quite expensive to push this idea for us and we lost all the time, dash and money invested. Elevator Pitch Making just the first purchase of Dash as easy and fast as possible. #DashPainPoint Preamble This proposal addresses the issue Amanda recently talked about in one of her new videos: US Residents Need Good Way to Buy DASH with Credit Card. Instead of going through many steps and verifications Dash is directly and instantly sold from a storage to new users. Once storage runs low new Dash is added from the non-profit earnings and made available for new potential users. The service is completely automated, selfsustained and Non-Profit. Pretty much everyone here got introduced to Dash the hard way. How to buy the first Dash? Most of us had to convert some BTC to Dash and understood Blockchain and Bitcoins already. There are now more ways to get Dash pretty easily if you have coinbase, bitpanda, changelly, wesellcrypto, etc., but even those are still very painful for new users: It still takes days or weeks to get approved in any big exchange or get trusted by any payment provider for any serious buy amount. We assume most users get lost in these early steps. Most future users will be even less technically versed and will still have a hard time getting into any cryptocurrency. Dash is by far the easiest to get into for new users, it already feels pretty close to PayPal and thanks to InstantSend new users don't have to fully understand Blockchains or why you have to wait for confirmations. The only thing holding back new users is understanding why they would need Dash in the first place, where to spend it and the difficulties buying the first Dash. Proposal TL;DR: We have quickly hacked together a functional demo (tested on PC, Android and iOS): BuyDash is a simple website to solve this exact problem: Get new users easily into Dash by providing a pain-free way to buy their first Dash via Credit Card in less than a minute from nothing to a fully functional Dash wallet with some Dash in it. You can try it out and buy real dash (limited to $0.50-$5.00 for demo purposes) right now to see it working and getting Dash instantly with your credit card. We propose to put this on the official Dash.org website, e.g. Buy.Dash.org Website shows a quick 1 minute video of the process working for completely new users (1 minute is all the time you need) The website is a non-profit service with the only goal to make the first experience for new users easier and straightforward. All crypto currencies have this exact same problem, but Dash is in a unique position to make this on-boarding process easier. This is not intended to be another big buy service or exchange, the only purpose is to onboard new users and give them a nice and easier way into Dash. The whole Dash community benefits from new users and new money coming in the ecosystem, the Buy.Dash.org website will NOT benefit from this and stay non-profit. Current Flow: Before the first buy the user is directed to download a Dash client to create his first wallet (Jaxx on iOS, Dash Wallet on Android, Dash on Desktop, Web wallets, etc.) Next the user can spend between $0.5 and $100 to get 0.004-1.0 Dash (limited to $5 for this demo right now, maybe we can increase the limit later, for now we want to keep it simple) If the user has entered his new wallet address and paid the amount with his credit card, he immediately gets his Dash into his wallet (in about 1s thanks to InstantSend) The Buy.Dash.org website feels and operates like coinbase.com, but just for Dash and without making any profit! All operations are completely transparent, every user can see what's going on, there are no hidden fees or tricks, all source code is open source and others are welcome to copy it and integrate it to their own services. Initially the 100 Dash from this proposal will be available on the website to buy. Once 80% are spent and the money arrived (currently the payment processor would pay out every 2 weeks), more Dash is bought at market price (cheapest price available or from miners in the future, which would be good for exchanges as less miners had to dump their Dash there if they want to sell it). The new Dash will be available on the website and can be bought by any new user. Any fees and overall chargebacks/deductions/etc. are displayed and distributed to all new users, if this goes to several 10%+, the service will probably not be very useful anymore and would have to close down (Fraud protection from the payment provider will help here) Please do not compare this service with fully fledged payment providers or exchanges. This service is NOT for experienced users, the purpose is JUST to help new users. Once a user has already some Dash he should use other services. In later iterations the website will help pointing users to other ways to put funds into exchanges (Kraken, or coinbase and then Poloniex) and get Dash cheaply that way if they are interested and have the time to go through all that. Please ask in the comments for details, especially credit card payment is a complex topic. Overall payment is a very complex problem and many have tried and everyone has their own solution to make a bit of money, but we think it is very bad for initial users to get tricked with way too high rates and fees just to make some big company richer. The point of this service is to get new users excited in Dash and have a quick experience with all the greatest features of Dash like InstantSend and the nice community. Once Evolution is ready it would be nice if this all is integrated. If this proposal is successful we are willing to put more work into this and do ongoing support. Many more features are possible: Currently Stripe is used for the demo, which has a 2.9% fee plus $0.30 flat, in europe we can get down to 1.4%+0.25euro, but the main market is US as most people have a credit card there, we will try to find better rates in the 1-2% range. Payment via PayPal, Amazon, etc. Easy usage for any other app, wallet, exchange, etc. via API More automated, closer integration with exchange to acquire more Dash quickly Sell Dash and get it back on your CreditCard, PayPal, etc. Sell Dash and get bank transfer/SEPA, etc. (then buy.dash.org would function almost like an exchange, but for complexity reasons we would like to avoid that and just keep it simple) Buying and Selling Dash alone would be a great use-case and showing people many things very easily: Dash prices goes up, if you make a gift to your niece and she pays out to her credit card a month later, she will most likely have more money in $ It shows how easy it is to send someone some Dash and if they can’t find a use for it yet, they can easily sell it and use the money. And if they want to get back into Dash, they can easily acquire some coins again. More details can be found on the BuyDash website about page. Please be kind if the service is not as newbie friendly as possible, still has bugs or the fees are high for low $ amounts, this is what this proposal is all about. We only hacked together a demo and made it work in a few days, now the real work starts to make it rock solid, find good deals with payment providers to get down to 1-2% fees and help with marketing (hint: interview us Amanda ^^). All of this will cost time and money. Costs 150 Dash: 50 Dash for the development and BuyDash website support and 100 Dash to fund the BuyDash service, these Dash will stay on the site and will be rebought once the payment processor pays the service. If the Dash price would stay unchanged this will always get back to 100 Dash, which new users can buy. In the future we might want to increase this funds, but for now 100 Dash should be good for a 2 week payment processor schedule and limiting every new user to 0.004-1.0 Dash. We know that 50 Dash will only cover our basic costs, but we think this proposal has a future and we can request monthly proposal payments to improve the website and service in the future. All development is done in the latest .NET Core ASP version and will be open-source. The website is 90% js, css and html, the backend (C#) is very thin and can be ported to any other development platform easily. Technical users can easily see the formulas used and see there are no tricks. As far as I know no other crypto payment providers have their full website open sourced. Closing By providing this free service we hope new users can be directed more quickly getting their first Dash. Dash is in the unique position to allow such a service, which would be impossible in all other cryptocurrencies (either no way to fund this, no InstantSend, no way to create a NonProfit service like this, etc.). Obviously other problems still have to be addressed like what new users will actually do with their Dash, which we will hope other proposals will address as well. We think this service alone will increase the value of Dash for everyone, but especially for newcomers. We are excited to work on this and many more things for Dash in the future, let's do it.