Welcome to the Dash Forum!

Please sign up to discuss the most innovative cryptocurrency!

Proposal: Dash World - Private & Secure Communications with DASH as Payment Processor

Discussion in 'Pre + Budget Proposal Discussions' started by GreyGhost, Jul 18, 2016.

  1. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    A small update:
    -- request for an investment into 100 MNs, now over $900K, went to the Monte Carlo wealth management firm on July 21st;
    -- should they invest such a substantial sum at once, our ask is for 50% of their MNs income to fund the development of this project;
    -- DGBB support would strengthen the ask and enable us to work as we wait for their (and many others that will get acquainted with DASH through our efforts) for their reply.

    Dear Masternode owners and the community members:

    Dash World's crown achievement, d10e event in San Francisco where Evan Duffield has a featured speaking spot, Daniel Diaz participates in panels, Perry Woodin speaks and Oaxaca uses the soda machine to demonstrate InstantSend (a.k.a. InstantX), does not lull us into a self-complacent stupor, on the contrary.

    We ask for the support -- 320.9325 DASH a month, for four (4) months as we try to develop relationship with the "big money" -- please see the proposal at DashWhale -- to help us start resolving the proverbial problem: who uses DASH (adoption) via the "micro-economy of DASH" whose time has come. We came up with an idea that would simultaneously promote Masternodes Network as an Investment Opportunity in Financial Technology and a new product that would bring DASH in front of dozen if not hundreds (of new) investors and millions of potential users as the result.

    [​IMG]

    Private & Secure Communications Application with DASH as Payment Processor

    There is a critical need for a secure messaging and money transaction platform. More than 8 in 10 users are “very or quite interested” in in-app money transfer features. We will integrate the fastest growing messaging service, Telegram, with the advanced, second-generation crypto-currency, Dash, in order to meet that need.

    The perfect combination of a messaging app with a focus on speed and security and a privacy-centric digital cash (Dash) creates Tele-X™, a native stand-alone app that conducts secure, instant, and anonymous money transactions.

    [​IMG]

    source: http://www.globalwebindex.net/blog/telegram-bbm-and-wechat-users-keenest-on-transferring-money

    Note that we have one known competitor at this time—Telebit, a simple bitcoin wallet that works with Telegram but suffers from all of the ills Bitcoin represents:
    • the blockchain bloat (transactions take forever, sometimes over an hour)
    • a lack of specialized services
    • an inherent lack of Bitcoin privacy.
    Tele-X™: Purpose & Benefits

    Mass adoption of crypto-currencies is still a problem to solve, even for a seven-year-old Bitcoin.

    Bitcoin: Technical Background and Data Analysis (published as part of the Finance and Economics Discussion Series, Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.) suggests that less than 50% of all bitcoins in circulation are used in transactions. With Dash that number is even smaller.

    Tele-X™ aims at solving this problem by bringing Dash, the digital cash, to users via Telegram and Dash Electrum integration.

    We seek to be the dominant payment processor for Private and Secure Communications Services.The potential to use, adopt, fork, and sell such a product is big. We will also create a turnkey specialized solution (desktop and mobile application) for:
    • therapists and psychiatrists
    • addiction counselors
    • human rights activists
    • journalists
    • lawyers
    • entertainers
    • and many more specialized services in addition to members of the general public wanting an in-app money transfer feature.
    [​IMG]
    Project Status:

    ~ Working on TechPlan
    ~ Improving VIM setup
    ~ Studying Git and using git daily to write this plan
    ~ Studying Travis-ci
    ~ Approaching investors for the Masternodes Network as an Investment Opportunity in Financial Technology
    ~ Approaching journalists and human rights activist that would benefit by using such an application.

    IMMEDIATE TO DO:
    ~ Study Markup
    ~ Convert TechPlan to Markup

    LONG TERM GOAL is to have integrated Tele-DASH apps for the desktop, android, OSX, IOS.

    We see this as a win-win approach. We already have all the material 99% done (some design and textual tweaks need to be done in matter of days) and three "test groups":
    • Monte Carlo based wealth management firm;
    • Berlin based crypto investments venture capital firm;
    • Rio de Janeiro based private group of investors are waiting for it.
    We are offering those investors an opportunity to re-invest a portion of their profits from a bundle of 100 masternodes into Tele-X™ development for a minority stake in Tele-X™. If they do not fund Tele-X™ they might invest into masternodes.

    DGBB Investment Purpose & Budget Breakdown

    The goals of micro-economy of Dash and this particular proposal are the same:
    1. as we are bringing the real money to the eco-system to get serious investment for all sorts of developments (real salaries for developers are urgently needed);
    2. we are bringing DASH to general public and niche users alike.
    "Targeted investors" were so far very impressed with the fact the DGBB has been funding the Dash World. All the material for them has been paid for from the Dash World budget. It would be crucial to show a DGBB support for this proposal. However, we can not expect someone forking out close to a million dollars in matter of days so the development should not wait as they are making decisions. And we need to reach out toward dozens and hundreds of new people, thusly spreading the word of Dash in the most efficient way.

    We plan to use the monies sought as follows (note these numbers are totals, we will spread the need over four months):

    231.48 DASH (at DASH/USD $8.10) for $1,875.00 logo and website design (home and internal pages).
    We’ll be getting:
    -- 2-3 initial designs of a home page only to determine the over all look and feel of a website
    -- Roughly 3 rounds of changes to complete one design
    -- Images usually included within the price unless excessive or expensive
    -- 3-5 initial designs
    -- Roughly 3 rounds of changes to complete one design.
    -- Final files as layered psd as well as flat jpeg and for the logo:

    169.75 DASH (at DASH/USD $8.10) for $1,375.00 for the actual application design (desktop and mobile versions).
    We’ll be also getting:
    -- 2-3 initial designs of a home page only to determine the over all look and feel of a website
    -- Roughly 3 rounds of changes to complete one design
    -- Images usually included within the price unless excessive or expensive
    -- 3-5 initial designs
    -- Roughly 3 rounds of changes to complete one design.
    -- Final files as layered psd as well as flat jpeg and for the logo:

    560.00 DASH for the Team (35 DASH per one, for four main people, over the four months) as a token of appreciation as we seek the investment

    322.50 DASH for the promotional activities as printing the palpable material (4-pages brochure, 26 pages proposal, 10 pages supplemental material) or snail-mailing it. Do not roll your eyes please, an investor banker friend from NYC told me NOT to email; a tangible, good looking material has more "weight" and is more difficult to throw in the garbage.

    This represents a total need for 1,283.73 DASH or 320.9325 DASH per month for four (4) months.


    The Tele-X™ Development Team

    Dr. Robert La Quey, Ph.D, while at Rice University, with Dr. David Reasoner, designed core instrument electronics for the NASA Apollo Lunar Surface Experiments Package (deployed on the Moon by Apollo 14, 15 & 16). From 1969 to 1973 Dr. LaQuey was a research physicist at UCSD, developing spacecraft instrumentation for NASA.

    During the late 70’s Dr. LaQuey helped to found International Remote Imaging Systems, Inc. IRIS went public (NASDAQ:IRIS) in the early 80’s and reached a market capitalization of over $300 million before going private.

    Dr. La Quey is also a Python programmer who acts as the grand sage overseeing the Tele-X™ development.**

    Dash Core Developer, going only under his avatar MooCowMoo, (NOTE: Moo did NOT yet fully agree to be a part of this project, even though we are in touch with him; that's most likely because we did not provide him with a clear path forward yet) has two decades of experience developing back-end software and custom toolchains for automating development, testing, and deployment. He built the first automated masternode service, and is the author of dashman, a masternode management utility, and dashvend, a point-of-sale software leveraging InstantX (later renamed to InstantSend).

    Sasha Dundovic, application security advisor, is an IT Security Professional who started his IT career during the early days of home computers and the dawn of the Internet. He is an expert in networking and data protection, currently involved in IT security compliance projects in New York, with a focus on vulnerability assessments.

    Sasha will be providing vigorous scrutiny of Tele-X™ security issues. Once the application development advances it will undergo crosscheck security audits from outside firms and/or security specialists who will approve the app through consensus.

    (NOTE: Sasha will not be paid as he's going to act in an advisory role as a friend, as long as we do not have real investment secured. He urges me to seek the aforementioned consensus with the utmost seriousness.)

    Nathan Marley has a 15 year career as a software developer for both the private and public sector, including 2 years in Information Security for the world's largest retailer. He has extensive experience with backend development, system administration and security and access control. (NOTE: Nathan did NOT yet fully agree to be a part of this project, even though we are in touch with him; that's most likely because we did not provide him with a clear path forward yet)

    He is an active participant in the Dash community, a volunteer Dash developer, and the creator of the DashPayments for WooCommerce plugin, which enables WordPress merchants to accept Dash.

    Roman Latkovic is an Internet Marketing and SEO expert, who as GreyGhost works closely with Dash :) and has conceived this and many other ideas.

    Several years ago he and Dr. La Quey conducted a Case Study, TWITTER: THE DARK SIDE: Does Twitter’s Bit.ly Enable Massive Click Fraud? In the study, they created 1,677,769 fake clicks to one single Bitly link without being detected, thus proving the Bitly/Twitter security vulnerabilities.

    ** A note on Dr. La Quay's role because he would not act as the lead developer, so one of our tasks would be to find one.

    Bob's role is having a number of components:
    ~ Talent scout and recruiter
    ~ Planner
    ~ Coach
    ~ Code reviewer, reading and providing constructive criticism of everybody's code
    ~ Prototyper (1)
    ~ Tool Builder (2)

    (1) He has spent most of his life prototyping things. Prototype are to Products what Sketches are to finished Art.

    (2) Modern programming uses a complex and growing set of tools to amplify the developers efforts:
    ~ a suite of languages (C, C++, Python, JQuery, etc.),
    ~ frameworks(Django, Flask, bottle),
    ~ powerful editors (vim, emacs,
    ~ integrated development environments (IDLE, Eclipse ...),
    ~ git, github, gitLab
    ~ build systems for continuous integration(Jenkins, Travis CI ...)
    ~ Distribution containers (Heroku, Docker, ... )

    Dr. BobLQ wrote a little planning tool will be polished enough soon and he will push it up as open source to github and start soliciting contributors and users. We can use it for recruiting. In fact he would want to do this with all of the tools we build. Good tools attract good programmers.

    Final Thoughts

    A managed bundle of 100 Dash masternodes holds 100,000 Dash collateral. At an exchange rate of $8.10 on July 18, 2016 the bundle is valued at $810,000. We further propose that the investment revenues be allocated as follows: 50% to the investor and 50% to a Tele-X™ development of a series of apps described in the proposal that goes to the investors.

    This is the model any other developer of applications, services and products can use in the future.

    While we're all happy that the masternode numbers are at the ATH, we can't build a self-sustainable Eco-system that serves as a perpetuum mobile, "only" producing income while DASH, as the monetary unit of the future and the payment processor is not utilized.

    The Dash Evolution 2nd Tier opens the door to very interesting strategies—such as smart contracts—and all sorts of different ways to decentralize how we conduct business in a peer-to-peer economy. We hope to help create something akin to a decentralized, dis-intermediated Airbnb or Uber—imagine the app without the company—or (perhaps a better comparison) a pure, decentralized, P2P, dis-intermediated Facebook, Twitter, or YouTube (social network and ad exchange).

    Tele-X™, financed by a portion of the masternodes’ reward, is one giant leap toward mass adoption.

    We therefore kindly ask for your support.


    [​IMG]
     
    #1 GreyGhost, Jul 18, 2016
    Last edited: Jul 22, 2016
    • Like Like x 4
    • Informative Informative x 1
    • Creative Creative x 1
  2. TheUltraaliens

    TheUltraaliens New Member

    Joined:
    Apr 22, 2016
    Messages:
    12
    Likes Received:
    5
    Trophy Points:
    3
    GetGems has a bitcoin wallet and Counterparty token GEMZ in-app. Also daily GEMZ airdrop and daily bonus GEMZ. So it is actually a GEMZ/BTC daily Faucet. Buy vouchers (amazon etc), stickers in-app.

    http://www.getgems.org/

    I suppose you could swap GEMZ/BTC for DASH.

    Main issue is "Telegram" and their "home-grown" crypto!

    So I thought Evolution would take care of the chat part?
     
    #2 TheUltraaliens, Jul 18, 2016
    Last edited: Jul 18, 2016
  3. Comodore

    Comodore Member

    Joined:
    Nov 8, 2015
    Messages:
    185
    Likes Received:
    97
    Trophy Points:
    88
    Telegram is shit. Stay away from it. No sane cryptographer recommends it. Signal/Threema is better. And there are probably other solution as well.
     
    • Informative Informative x 1
  4. tungfa

    tungfa Administrator
    Dash Core Team Foundation Member Masternode Owner/Operator Moderator

    Joined:
    Apr 9, 2014
    Messages:
    8,964
    Likes Received:
    6,736
    Trophy Points:
    1,283
    didn't we had a telegram wallet / tipping bot at some point ?
    can't remember who build that - not sure how much that was actually used

    I do not understand the 1st chart
    WeChat is way ahead of any other in this game as Chinese pay their rent and anything else via WeChat (connected to bank account)
    this sounds very evolution - I agree

    bit confused
    there are 4 different things going on in this proposal ....
    are the "therapists" supposed to use the telegram payment ? why wouldn't they use any normal wallet - if ever ?
     
    • Agree Agree x 1
  5. alexander

    alexander New Member

    Joined:
    May 20, 2016
    Messages:
    32
    Likes Received:
    19
    Trophy Points:
    8
    I my eyes is every integration a step in the right direction. Maybe WeChat or others will follow in the future. For Dash it is an way to be more present at the market.
     
    #5 alexander, Jul 18, 2016
    Last edited: Jul 18, 2016
  6. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    Thanks guys. To briefly comment:

    -- @Comodore please, if you're a "sane cryptographer" could you elaborate more on Telegram being "shit." Such a statement alone is not too persuasive IMO;

    -- @tungfa the first chart, to quote from the source link tells us that "If we look at mobile IM users in key digital markets like the US and UK, it is those on Telegram, BBM and WeChat who express the most enthusiasm – with more than 8 in 10 in each group saying they are very or quite interested in this function (money transfer)."

    Think of a therapy session, or any other professional services that connects providers with users that need services to be conducted privately and would like to pay for them anonymously. People are different. Someone might need -- I've done some informal research into it as my professional friends were asking their clients, students, partners about using such service and their opinions -- to have a secure, non-interceptable video session with an ability to pay for it anonymously. Another would prefer only the voice, the third a combo or just messaging etc.

    Such a specialized app has its on skin or layout tailor made for a targeted group or profession.

    -- @alexander I agree. Even before I started with the Dash World I had a sense of urgency. There are gazillion services out there, some overlap. Once Evolution is ready, it might render this particular project obsolete but than I envision moving it toward a Tor-like platform, which I like to call "Individual, Relevant, Immediate and Safe" platform that would learn, as much as any deep-learning app will be doing in a near future, about its user's needs and, well, learn how to serve her better. But this is years in the future :) and we need to start supporting the Dash project in any way possible.

    After all, there are 657 currencies out there, and Dash, no matter its superiority, is only one and we need to do all that we can to push it toward end users. Otherwise it stays as a self-serving entity, despite its technological greatness.
     
  7. tungfa

    tungfa Administrator
    Dash Core Team Foundation Member Masternode Owner/Operator Moderator

    Joined:
    Apr 9, 2014
    Messages:
    8,964
    Likes Received:
    6,736
    Trophy Points:
    1,283
    ok - still do not get it
    where does telegram than fit into that ?
    ("anonymous video or voice ...")
     
  8. QuantumExplorer

    QuantumExplorer Active Member
    Core Developer

    Joined:
    Aug 20, 2014
    Messages:
    126
    Likes Received:
    161
    Trophy Points:
    93
    I'm very skeptical that this is the right time for this proposal. I think that all our funds should be either used for development or marketing, with a ratio of 9 to 1. At this point DASH doesn't offer people enough of a reason to use it over bitcoin and other coins. If it did we would be used a lot more. Dash is amazing but up till now and even with the next release we are still just putting the architecture in place. I have no doubt that one day we will have 20 times our current market valuation as well as millions of users (or more). But for for the end user who doesn't understand cryptocurrency it's all the same, expect bitcoin is more accepted.

    So here are my main problems with this proposal.

    A - From what I'm gathering you want to create a chatting app around sending money, how will this help us? No one wants to switch the app they use for messaging. It seems ridiculous to think that this would succeed.

    B - Lets say you wanted to create libraries for other apps to integrate with. Well evolution is not ready for that.

    C - You have no Devs 100% committed to this project.

    D - You are asking for 10,000 $. That's insane, after reading your proposal it sounds like for 10,000$ we are going to get some design and some brochures. This is a real slap in the face to some of our devs who are mostly making under 10$ an hour (me included) and who are contributing clear items to the project.

    E - I used to work in social mobile as team leader, I can tell you that building this for all platforms will cost 20 times the amount that prototype/initial design costs. So are we really ready to fork over 200,000$ on a project like this? For 200,000$ I can make every masternode a VPN server or we could transform the masternode network into an onion router (think tor). My point is with that kind of money we can do much more innovative things.

    I could continue with other smaller details but I think this is enough from my side. I like that you are trying to find ways to help improve dash as well as you can but the sad truth is that right now we need Dev and lots of it, marketing and side apps should really not be the focus right now.
     
    • Agree Agree x 1
  9. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    @QuantumExplorer the whole point of my approach is precisely to avoid -- "a real slap in the face to some of our devs who are mostly making under 10$ an hour (me included) and who are contributing clear items to the project," -- because the whole point of my thinking is what you may be missing.

    In two - three days time I will be asking for over $800,000.00 from a friend who is the 2nd in command in that wealth management firm in Monte Carlo and than from some other people, companies etc., all over the world. I will approach more than 100 highly targeted companies / individuals with the same idea. OK - so I've been in talks with my friend for quite some time, because the person in charge of crypto investments there does not think Dash would succeed. (he never really elaborated his point)

    OK - so now, think about it, because this was a long, laborious process during which I've also been thinking. Even if they, or someone else puts $800,000.00 of new investment in the Dash masternodes, how this will really help the project? Sure, if they'd allow me use their name, it would be a real news, interest, the price goes up. As much as we're all content with the number of MN going up, there's an issue of 60% of the tokens being somehow "locked up" in MN. At least these are not monetary units immediately available for use in eco-system. This is an issue -- our supply -- that's been discussed elsewhere so allow me not to go there.

    So what I want from them is to:
    a) invest $800,000.00 into 100 mastenodes;
    b) share the income so to project's development can continue without draining DGBB for longer than the seed period;
    c) help us with 2nd round of funding. Be it Shares "A", direct capital investment, help with the ICO, you name it.

    The final goal is to have the money to pay developers. So no MORE money will be required of the DGBB, on the contrary, the money would -- I hope and work toward that goal -- come into development. On a monthly basis, these people would be asked to fork out only 0.42% of their initial investment each month (50% of the MN rewards) to support the project.

    The point I am making is that this application gives us a great tactical opportunity—technical, business development, and marketing wise—to move forward and start creating a need for Dash as a payment processor. Once they are active investors, they are not going to sit tight without looking at the project as a whole and without trying to help us grow.

    As far as the developers committed; Dr. BobLQ is committed 100% to the prototype development phase.
     
  10. QuantumExplorer

    QuantumExplorer Active Member
    Core Developer

    Joined:
    Aug 20, 2014
    Messages:
    126
    Likes Received:
    161
    Trophy Points:
    93
    I'm finally understanding your proposal a little more, I like it more, but still not enough to vote for it.

    My end goal here is not to raise the valuation of DASH, it's for mass widespread usage.

    But by giving you money for this project 800,000$ might go into 100 Masternodes? What happens if it doesn't? Your friend doesn't seem sure.

    I might be on board with this if a few things changed.

    For one the project needs to change, a messaging app won't cut it nowadays. Each country has their preference and we are not going to overtake any of them, integration is more likely. But we are not there yet, once evolution is out though we will be a lot closer.

    Secondly I think your friend would need to commit to buying the 800 nodes first otherwise this all falls through, which is a very big investment of around 15 Million$ since there aren't that many Dash on the market for sale.

    Third I think we're still not ready for P2P apps. There are a lot of holes in our business infrastructure compared to bitcoin (like how to buy Dash easily, spend it conveniently, ATMs). So there's a lot of opportunity. I think that until those are fixed people can't use DASH reliably. We are working on it. But we need help. If you are building a company why not build one that solves one of these issues?
     
    • Agree Agree x 1
  11. TroyDASH

    TroyDASH Well-known Member

    Joined:
    Jul 31, 2015
    Messages:
    1,251
    Likes Received:
    794
    Trophy Points:
    183
    I'm not sure how I feel about the DGBB being used to fund seed money on a project like this. Is Tele-X going to be a for-profit service? I can't imagine these people being willing to invest that much into it if it wasn't. If Dash is a good investment opportunity and if this project will benefit the investors, then the seed money should be able to be funded outside the DGBB.

    On the other hand, if the passage of this proposal would *guarantee* the kind of investment you are referring to, I can't say that wouldn't be a boon to DASH's credibility. I'm not reading this proposal as a guarantee though?
     
    #11 TroyDASH, Jul 18, 2016
    Last edited: Jul 18, 2016
    • Agree Agree x 1
  12. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    @QuantumExplorer - as you know we talk privately on Slack, so just to share a bit that might be of some value for the others reading this thread. "Money follows the money. We wave the DGBB flag as our huge advantage. Well, if it is a huge advantage than DGBB supporting the project that asks $800K of them is a big help."

    @TroyDASH - upon reflecting on several comments I realized something. Not that there isn't any guarantees but I realized my own anxiety. Likely tomorrow or the day after tomorrow I will snail mail my proposal, first to the friends. It will be no going back. Let us ponder this:

    -- 1,284 DASH, total over four months, is the ask. This is the optics the community sees. However,
    -- $800,000.00 ++ (100,000 DASH need to be acquired) is the request I will be putting to my friends, two of which I've known for virtually 30++ years. This is what I see. I am putting my neck on the line. No matter how great Dash is, are there any guarantees Dash will succeed, survive, live and thrive to make all of us rich? Of curse not, but I am entering tricky waters and ask for the money nevertheless. Because I do believe in Dash.

    I am not a salesman for Dash. So, if I am after all "selling" 100 MN am I doing this only so they / or MN management operators (for it is unlikely the wealth fund will set and operate MNs by themselves (despite their technical prowess - they've created software systems for their own primary niche, commodities trading) can make profit? It does not matter to me that not a penny will go my way if the deal (they acquire 100 MNs) is closed; what matters to me is that I truly do not see a real value in such a deal if all that wealth, experience, knowledge is not utilized to really help our eco-system by their closer involvement.

    So now, I want them to put $800,000.00 ++ into the Network. In a return, 50% of their monthly interest ($3,465.00 per Dash Masternode Payments Information V3 site ATM) would go to Tele-X. That's still meager:
    -- $2,645.04 only for four months from DGBB;
    -- $3,465.00 for 24 months from the fund. Not near enough to really fund developers etc., but a great start.

    They expect asset prices all over the world to fall -- their main goal is wealth preservation -- so, this is what I am telling them: "We offer an investment in a Dash Masternode Network. Historically, payouts from a masternode have been 10%–12% on underlying collateral of 1,000 DASH per masternode. As a risk/return tradeoff we propose a lower risk/reward masternode investment be bundled with the higher risk/reward investment in Tele-X."

    What's next? Shares "A", second round of financing, new projects funded by them or other investors, ICO, who knows. If they are in, we are in the world of high finance as a newcomer that is under the magnifying glass and that needs all support it can get to reaches levels it deserves. We live in our own bubble and no matter how fantastic all of it feels at the moment, d10e, the price is nice and seems it might keep going up, the MN # keeps increasing, the Evolution progress is exciting... it may pop up if we don't support it.

    I truly believe this approach is proactive from my own end and it requires of them to be proactive and supportive. I would be lying if I'd even suggest that DGBB investment into this proposal guarantees anything but what I can guarantee is that I never give up. And even if they say "no" today, once what I plan to produce will have been produced, once the prototype is ready etc., they, or someone else, might end up saying "yes" and put they weight behind us.

    This is why I've created this proposal. I feel it's a needed building block for the future we all want to create and to be a part of it.
     
    #12 GreyGhost, Jul 18, 2016
    Last edited: Jul 18, 2016
    • Like Like x 2
  13. Vedran Yoweri

    Vedran Yoweri Active Member

    Joined:
    Apr 29, 2015
    Messages:
    334
    Likes Received:
    152
    Trophy Points:
    113
  14. rustycase

    rustycase Active Member

    Joined:
    Apr 19, 2016
    Messages:
    497
    Likes Received:
    117
    Trophy Points:
    113
    As a newbie, this multi-faceted proposal seems pricey for a venture that does not yet command suitable attention in the crypto world at this point in time.
    Perhaps others more knowledgable than myself can justify such an outlay, which could diminish returns for DASH holders for quite some time, albeit with promise of future returns.
    Best
    rc
     
  15. Stealth923

    Stealth923 Well-known Member
    Foundation Member

    Joined:
    Mar 9, 2014
    Messages:
    343
    Likes Received:
    370
    Trophy Points:
    233
    Im a little lost on this proposal - I think first step is to a) get concrete buy in from investors for 810k worth of Masternodes?

    Also I think that money from the investors MNs could be put to better use than a telegram App at this point in time. Maybe speeding up or supporting Evolution development?

    If the investors want a return their best interests would be to get Evolution completed as quickly as possible.
     
    #15 Stealth923, Jul 19, 2016
    Last edited: Jul 19, 2016
    • Agree Agree x 3
    • Like Like x 1
  16. rustycase

    rustycase Active Member

    Joined:
    Apr 19, 2016
    Messages:
    497
    Likes Received:
    117
    Trophy Points:
    113
    ED has declared DASH transaction time is 2nd to none, and others have supported his declaration with data.

    It seems to me 100 new MNodes would be a fine idea IF they were physically placed in geographic areas where DASH may be under-represented, along with the appropriate public awareness campaign to stimulate use of DASH for benefit of people in those places.
    Complicating the code seems risky for the return it may bring in actual service to the populace. Money, digital or otherwise, does a lot of talking ! Does DASH need to send data ?
    Best
    rc
     
    • Agree Agree x 1
  17. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    @Stealth923 - regardless of the outcome of this proposal I will, today or tomorrow at latest, send the request to the first three big investors. As I wrote earlier, "Money follows the money. We wave the DGBB flag as our huge advantage. Well, if it is a huge advantage than DGBB supporting the project that asks $800K of them is a big help." I might be wrong, but to me it seems a weird order of things to first ask for $800,000.00 and only than -- if they fork out those $800,000.00 -- ask for $2,682.00.

    It took them 45 days to check my background and I've been a friend with the 2nd in command for over 30 years. I am sure they will not make their decision in matter of days. The crux of my idea is to plod along and present Masternodes Network an Investment Opportunity in Financial Technology to many other potential investors over the weeks, and if needed in months to come, each of whom can help us reach much higher value than today, something that is, IMO, needed for DASH to really powers any economies.

    Investment into my project is not mandatory but optional for them. Primarily objective of my approach (to them) is simply expressed: "We offer an investment in a Dash Masternode Network." If they take an interest in Dash they can easily evaluate what is in their best interest. This is what they do for living. But giving them that option, "As a risk/return tradeoff we propose a lower risk/reward masternode investment be bundled with the higher risk/reward investment in Tele-X," and a serious proposal I believe in also, I hope, will make them take a look, deep look into Dash project as a whole. These are the indications I was getting as my friend was helping me to write a proposal for his firm.

    @rustycase - there are many valuable ideas and your thinking (other areas) is one of these. Alas, ATM I am stuck with my own I will push with great eagerness anticipating the feedback I will than share here.

    @Dash Advocate -- this is to answer to your Slack comments. (in a nutshell, DA said that I am "basically asking for money for a developer to learn things like VIM, Git, Travis-ci. That's like a Project Manager asking for money to learn how to use MS Word, MS Excel, or GMail," correctly rendering me as an idiot. He also wrote, "To me it feels like developer jargon is dropped in there to impress non-developers, and it just makes me think about the VC investor stuff - was that just dropped in to impress non-VC types? So over all, the whole proposal felt 'fishy' to me.")

    That bit you're referring to is an idiotic remnant of a past work in the first phase. The prototype developer, Dr. BobLQ is quite qualified Python programmer and that stupid bit is a leftover of our recruiting efforts. I made several little blunders like that one, which is unlike me, and I realized, as I wrote earlier in this thread, it is likely a product of my own anxiety. I will now snail mail my proposal, requesting $800,000.00 from my friends, two of which I've known for virtually 30++ years, and by doing this I am putting my neck on the line.

    So now think about some of the reactions, your own included: I am a member of this community for years now and, right or wrong, am doing all in my powers to help the project, as transparent in my actions as I can be. With my current proposal I am almost accused if not of outright dishonesty, than of doing something "fishy" to quote you.

    Two months of talks with wealth management people. Four people have been helping me creating an idea. 4 pages brochure. 26 pages proposal. 10 pages supporting material. Direct help of the 2nd in command to package all of that in a manner he can than present to the firm. Printing. Sending. Talking. Polishing. Editing. Consultancies. And now I am ready and am going to ask for $800,000.00 from more than one source. Not a penny goes to me. (sure, Dash World paid for the efforts so far) And what I am doing is "fishy"? (BTW, today d10e starts. It's all been my idea, going back for months and months. I even forked out some $$ for the soda machine to be present is S.F. for I believed from the day #1 it is needed. Now we have four people there, representing us, thanks to the idea I conceived and we are having great spots thanks to the Dash World I managed and, of course, The Vanbex guys who organized our presence, the same people everyone questioned months back)

    It saddens and eludes me how did it happen that I was so myopic and excited with my own proposal that I did not present it in a better way. But its spirit is still intact and aimed at only one goal: helping the Dash Project reach its full potential.
     
    #17 GreyGhost, Jul 19, 2016
    Last edited: Jul 19, 2016
    • Like Like x 1
    • Agree Agree x 1
  18. Stealth923

    Stealth923 Well-known Member
    Foundation Member

    Joined:
    Mar 9, 2014
    Messages:
    343
    Likes Received:
    370
    Trophy Points:
    233
    Thanks GreyGhost - you are an amazing asset to Dash and I do believe that your intent is to help Dash reach its full potential and cant thank you enough for your amazing hard work!

    We definitely need people like you reaching out to investors and organisations that may bring Dash to the tipping point of mass adoption one day.

    I actually support you in doing this ongoing. My hesitation is with the telegram / Tele-X component where I can see the funds from investor MN's to be used in a better avenue at this point in the project.

    If we could get buy in from Evan + your first 3 core investors to sit down and work out an approach to using the investment funds in a way that will yield better results I would be all for this! Maybe something out of the box that Evan has in his head that he deemed too big for now etc.
     
    • Like Like x 1
    • Winner Winner x 1
  19. rustycase

    rustycase Active Member

    Joined:
    Apr 19, 2016
    Messages:
    497
    Likes Received:
    117
    Trophy Points:
    113
    @GreyGhost Nothing wrong with pursuing your vision !

    In our world of business, it is important to make affirmative decisions.
    Then,
    Make modifications as needed for utility and acceptance...
    Because,
    No plan ever survives implementation.

    Sry... it's probably just the big numbers that scare me, for the most part.
    Secondly, I do not view DASH to be an investment opportunity, yet as a utilitarian tool which shall benefit many people as they escape fiat, in whole, or part.
    (The value of DASH shall appreciate accordingly with acceptance, yet that should not be a principle focus. IMO.)

    I am opposed to burdening the MNs with data transfer other than P2P value transfer.

    Best
    rc
     
  20. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    Just a brief comment @rustycase -- no data are intended to be tranfered via MNs.
     
    • Informative Informative x 1
  21. DCruz

    DCruz New Member

    Joined:
    Jul 19, 2016
    Messages:
    1
    Likes Received:
    1
    Trophy Points:
    3
    @GreyGhost I havent seen or read the proposal you are submitting to the investors...what is the downside (risk) you are presenting to them for investing into the masternodes (MN)? I understand that the more MNs we have, the more secure the network...but would that lead to an eventual decrease in returns (currently around 10%) with more MNs? Or am I totally off base there?

    I think your initiative and vision to promote Dash is awesome! Anything that helps lead to eventual mass adoption is worth it!
    Thanks,
     
    • Like Like x 1
  22. rustycase

    rustycase Active Member

    Joined:
    Apr 19, 2016
    Messages:
    497
    Likes Received:
    117
    Trophy Points:
    113
    OK.... my bad.
    ...and why does DASH need the telegraph thingy ???

    "There is a critical need for a secure messaging and money transaction platform. More than 8 in 10 users are “very or quite interested” in in-app money transfer features. We will integrate the fastest growing messaging service, Telegram, with the advanced, second-generation crypto-currency, Dash, in order to meet that need."

    So DASH would be a pop-up Buttton in the Telegram program ???
    (...sry, don't use it. )

    ... outright newbie questions... :-(

    Best
    rc
     
    #22 rustycase, Jul 19, 2016
    Last edited: Jul 19, 2016
  23. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    @DCruz -- Assuming the same number of masternodes, the ROI per MN decreases at 7% annually. At the same time, increase in MN number lowers the ROI. The anticipated growth in DASH/USD would offset this decrease.

    @rustycase -- Dash would NOT be a pop-up button. I am talking about a native stand-alone app that conducts secure, instant, and anonymous money transactions application. It also, as specialized platform, produces niche products (applications) that connects professional services with users who need services to be conducted privately and would like to pay anonymously (e.g., lawyers, human rights organizations, journalists, entertainers, therapists, psychiatrists, and many more). And all them would be using DASH.

    Telegram has, the data says, over 100,000,000 users. As much as I see the value if presenting DASH to a small group of individual investors, having DASH connected in any way, shape or form with such a huge user base might be of some benefits.
     
    • Like Like x 3
    • Informative Informative x 1
  24. Super8

    Super8 Active Member

    Joined:
    Mar 27, 2015
    Messages:
    295
    Likes Received:
    152
    Trophy Points:
    103
    Thank you @GreyGhost for all the efforts you are putting in, and for using your personal connections and network to seek major investment into Dash.

    One question I have is this... How would the 100Million telegraph users gain an access ramp for their fiat currency to dash? How would they purchase Dash in a simple way?
     
    • Like Like x 2
  25. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    I have no clue where the future developments would take us. CryptoCapital, for example, "is connecting the Fiat and Crypto world together allowing Crypto Currencies to interact with fiat currencies in a similar seamless way," so they might be a partner. Coinomat also "allows you to convert between various cryptocurrencies and national currencies without the hassle of opening an account at an cryptocurrency exchange."

    And as we know, in-house, Fiat Gateways project (PM: Daniel Diaz, external vendor: Deginner) is also being developed.
     
  26. rustycase

    rustycase Active Member

    Joined:
    Apr 19, 2016
    Messages:
    497
    Likes Received:
    117
    Trophy Points:
    113
    Well, Gosh !
    GG, this is disconcerting.
    Can we give you a do-over on that statement ?

    You have just submitted a complex and pricey proposal, which would entail you have vision, goals, and aspirations... at least in excess of my own good intentions !

    My own observations and presentations are based upon many years in the world of business, yet I am a newbie in the crypto - world.
    Effective tactics are indeed transferrable.

    Yes, I should review your presentation once again, to determine precisely why you feel it is advantageous for DASH, overall.

    Best
    rc
     
  27. GreyGhost

    GreyGhost Well-known Member
    Foundation Member

    Joined:
    Jun 4, 2014
    Messages:
    303
    Likes Received:
    556
    Trophy Points:
    263
    Come on, man. During your many years in the world of business how many times you've seen an idea developed precisely as outlined in its early stages? Evan Duffield created what is now Dash and while he was doing it, he had no idea he'd come up with the InstantX, for example. Cut me some slack; in my world being open to the point of blurting is not that bad. It cuts the fat (bullshit) and exposes only the vulnerable, naked truth. (and weaknesses -- only by NOT pretending one knows everything one can really improve)

    Herein is what I envisage, hoping the first $800,000.00 investment pays a modest sum to start developing Tele-X. Let me skip current & future needs for funds etc., and just outline how I see this thingy developing:
    • So we have it, "a native stand-alone app that conducts secure, instant, and anonymous money transactions" and, as a specialized platform, produces "niche products (applications) that connect professional services with users who need services to be conducted privately and would like to pay anonymously (e.g., lawyers, human rights organizations, journalists, entertainers, therapists, psychiatrists, and many more)";
    • Masternodes are not meant to transfer data like videos. So we have two different communication channels running in the background; videos and all other messaging on Telegram protocol and money transaction via masternodes on Dash protocol;
    • Now imagine a therapist working with a priest / an CEO / a teacher that have been abused as a child and is severely traumatized, or they have problems with substance abuse, you name it. They talk in anonymity of messaging protocol and exchange DASH for services. The sanctity of therapy (or talk of a journalist with his source) is assured. I am not being laconic here, security of our private communications and transactions is the utmost problem nowadays and it would require serious work of many people all over the world to solve it
    • So now I look at that application's (desktop, mobile...) GUI and realize it can have many other features. A human rights organization's meeting with supporters that are going to fork out a DASH or two to help their work without fears of being tracked down. (Wikileaks faced huge drop in donations because the people are afraid of being tracked and associated with the "enemy")
    • It does not have to be so gloomy; our proverbial priest can use -- the specialized, different design with same functions app -- to occupy himself with an adult industry entertainer. For sure he does not want anyone to know that a Rosary is not his priority during the lonely winter nights and where his money goes;
    • Skip forward...
    • Our app is already a Tor-like, but really secure browser (with all the services embedded), and penetrates currently unforeseen markets;
    • Skip forward...
    • Google was a desktop focused company; than, with Android, it moved to a mobile intense comapny. Now it is a pure deep-learning company, focusing on A.I. and intuitive searches, you name it. Our app can not stay a primitive, dumb provider of data and money in such an environment;
    • Skip forward...
    • The app is a now a full-fledged system that provides end user with Individual, Relevant, Immediate and Safe environment, in which "immediate" means, for example, a delivery of "relevant" (to an "individual" user) news. The system learns. Our user loves sports but has a session scheduled at the same time; the system reschedules it for him / her -- this is an example of the most primitive AI / human interaction;
    • Skip forward...
    • Suddenly, decades from now, you live in a world where A.I. and 3D VR live mashed with your immediate environment, and you live free from snooping, do what you want (as long as you don't hurt the others), pay what you want where you want at the "man's house is his castle" yet again and he's free to work, innovate, associate, love if you wish, without fears of his humanity being reduced as it is now :)
    For your entertainment, see the photo. I sent the proposal to Monaco yesterday.

    [​IMG]
     
    #27 GreyGhost, Jul 21, 2016
    Last edited: Jul 21, 2016
    • Optimistic Optimistic x 2
  28. halso

    halso Active Member

    Joined:
    Apr 27, 2016
    Messages:
    440
    Likes Received:
    236
    Trophy Points:
    113
    Hey Man, can you post a link to the material in the pic?
     
  29. rustycase

    rustycase Active Member

    Joined:
    Apr 19, 2016
    Messages:
    497
    Likes Received:
    117
    Trophy Points:
    113
    GG, I believe this may be where our difference arises... Although I must give you full points for optimism !!

    Admissions & confessions...
    I am, more or less, a proponent of James Howard Kunstler.
    I do not picture that utopian world of tomorrow in decades.

    Either way, I won't be here, and am not in a position to make such a 'long' investment.
    Baby steps... a little at a time, is certainly notable progress.

    GG, I must admit it was kind of a thrill to be a shareholder when DASH surpassed 9usd today on the exchange ! Wowee !!!
    DASH is certainly gaining recognition !

    Best
    rc

    btw, I'm told DASH is presently on it's 3rd iteration....
    And, USG thugs are recently in the news declaring ANYONE with a tor account will soon be automatically subject to direct circumspection by alphabet agencies.
     
    #29 rustycase, Jul 22, 2016
    Last edited: Jul 22, 2016
  30. Miner237

    Miner237 Well-known Member
    Foundation Member

    Joined:
    May 28, 2014
    Messages:
    510
    Likes Received:
    223
    Trophy Points:
    213
    Do you have these as soft copies we can reprint locally for anyone interested in investing or passing along to family and friends?