stop dash from getting burned

Stop coins from getting burned every month

  • Yes

    Votes: 12 52.2%
  • No

    Votes: 11 47.8%

  • Total voters
    23

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
1000s of dash getting burned every month for the lack of proposals and MNs apathy ( or laziness)

as if today there are 6200 dash that can potentially get burned this month, this is just horrible (https://www.dashcentral.org/budget)

All this money should be used for something worth while , can we send 3-4000 dash to the core team's marketing division or something let them spend it on a kick ass marketing plan

The biggest thing that gives power to dash is DAO treasury , don't let the coins burn for sake of slight increase in your coins value as a result of deflation.

If we use this money properly , we can do wonders with marketing

Lot of people are just waiting for EVOLUTION to go crazy on marketing without realizing that Great marketing strategies take months or years to design and this is the right time to do just that

As a back up can donate some dash to well know charities, why not donate to wikipedia and ask them to pay with Dash button right on their fund raising initiative

May be lobby Coinbase to get us listed on them but for God sake , do something
 
  • Like
Reactions: stellabelle

Naruto

Member
Dec 26, 2014
176
89
88
We just need someone submit a proposal to do something you mentioned.


使用Tapatalk 發送
 

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
yes , the core has to create a marketing group like they have the developer group , and they need to ask for this remaining money

with 3-4000 dash , they can do real wonders
 
Last edited:

Vedran Yoweri

Active Member
Apr 29, 2015
334
152
113
1000s of dash getting burned every month for the lack of proposals and MNs apathy
- Nothing gets burned ya dumb ass.
- I wanna see proposals which add value to dash, I don't vote for the fun of it. Dash is too valuable to just throw it around.
- I vote down all other proposals. It's about managing my investment, not about anything else.
- Everyone and it's dog is trying to get their hands on the coins. Seen about 673 trolls trying already. Are you a troll?
 
  • Like
Reactions: slamdunk

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
- Nothing gets burned ya dumb ass.
- I wanna see proposals which add value to dash, I don't vote for the fun of it. Dash is too valuable to just throw it around.
- I vote down all other proposals. It's about managing my investment, not about anything else.
- Everyone and it's dog is trying to get their hands on the coins. Seen about 673 trolls trying already. Are you a troll?
Please englighten me on what happens to the 6000 dash that receives no proposal by the end of the month ?
 

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
Right , they don't get created (or they get burnt ) because , there was no proposal that went through

The point is that we should make sure if there are over 1000 dash that are not getting created coz of lack of proposal, the core marketing team should create a proposal to some or most of them and use them wisely

please understand the real value that we get out or dash is through price increase ( the interest earned is very minor) , which is majorly influenced by Marketing

personally i was initially attracted to Dash after watching Amanda's lecture
 
  • Like
Reactions: younglegend

martinf

Member
Aug 21, 2015
70
38
58
I rather put the funds in a pile than 'burn' them on 'stupid' things.

I don't see why the funds can't go into a fund, which can be used for later budgets should they exceed the monthly fresh set of dash. So still controlled by the masternodes voting on proposals.

I see many benefits of having an extra reserve of funds.
  1. Potential huge investments in the future
    1. Superball add ;)
    2. Acquire another DAO
    3. On-boarding incentives for users
    4. Vulnerability Reward Program
  2. Speculation that dash price will go up, hence better to save for future budgets
  3. Funds left for when block reward goes way down, eventually reaching zero.
This should be built into the network, i.e. no manual management of the extra funds.

I see it as completely natural that we can't match costs with revenue each months. The revenue is what it is, depending on block reward and exchange rate. We should be able to handle variations on the cost side.

Can anyone see any drawbacks of such system?
 
Last edited:
  • Like
Reactions: I_am_cuul

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
I rather put the funds in a pile than 'burn' them on 'stupid' things.

I don't see why the funds can't go into a fund, which can be used for later budgets should they exceed the monthly fresh set of dash. So still controlled by the masternodes voting on proposals.

I see many benefits of having an extra reserve of funds.
  1. Potential huge investments in the future
    1. 'Superball add"
    2. Acquire another DAO
    3. On-boarding incentives for users
  2. Speculation that dash price will go up, hence better to save for future budgets
  3. Funds left when block reward goes way down
This should be built into the network, i.e. no manual management of the funds.

Can anyone see any drawbacks of such system?
well said , more money - more power to do bigger things

The biggest reason why dash is awesome is we are using money creatively by paying some for security ( miners), investors and marketing

the moment we get lazy and don't keep up, some one else will do it better
 

Leonidas

Active Member
Oct 22, 2016
395
142
113
I don't see why the funds can't go into a fund, which can be used for later budgets should they exceed the monthly fresh set of dash. So still controlled by the masternodes voting on proposals.
I also agree.

Actually that what's the core team do as far as I understand. Because of price increase, they didn't spent all the amount they had asked for in their budget proposal. So they just put it aside until they need it.

We should definitely do it for the whole unspent budget system.

Question are is it technically feasible ? And how long would it take ? I wouldn't ask how much coz we could simply pay the developers in charge of that from the unspent budget :)
 

martinf

Member
Aug 21, 2015
70
38
58
Pinging @babygiraffe
Are there reasons for not saving unspent budget funds for future proposals?
Is it perhaps already on the roadmap through sentinel?

Thanks
 

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
I also agree.

Actually that what's the core team do as far as I understand. Because of price increase, they didn't spent all the amount they had asked for in their budget proposal. So they just put it aside until they need it.

We should definitely do it for the whole unspent budget system.

Question are is it technically feasible ? And how long would it take ? I wouldn't ask how much coz we could simply pay the developers in charge of that from the unspent budget :)
This creates a slight risk of master nodes not voting on anything forever and voting for themselves or something( which is very less likely per se )

The core team needs to strengthen the marketing division immediately , they hired a ton of developers but nothing much on the other divisions
 

Vedran Yoweri

Active Member
Apr 29, 2015
334
152
113
I rather put the funds in a pile than 'burn' them on 'stupid' things.
I don't see why the funds can't go into a fund
It will create a target to steal it.
I rather put the funds in a pile than 'burn' them on 'stupid' things.
So still controlled by the masternodes voting on proposals.
Not possible.
I rather put the funds in a pile than 'burn' them on 'stupid' things.
Superball add ;)
Acquire another DAO
On-boarding incentives for users
Vulnerability Reward Program
That's what proposals are for.
I rather put the funds in a pile than 'burn' them on 'stupid' things.
Speculation that dash price will go up, hence better to save for future budgets
Speculate with your own funds, not with other peoples (our) funds.
 

martinf

Member
Aug 21, 2015
70
38
58
1. It will create a target to steal it.

2. Not possible.

3. That's what proposals are for.

4. Speculate with your own funds, not with other peoples (our) funds.
1. The only way to access the funds should be through masternode voting. No person should be in possession of a key that could spend the funds. One would have to steal a majority of the masternodes to get the funds, in case we have bigger issues at hand.

2. With all due respect, I choose to not believe that. Of course it's not possible with current implementation. This thread is about a suggester improvement.

3. The budget at hand each month is limited. For large investments one would have to split it up over multiple months. That would not be required if we had a larger capital already saved.

4. You are trolling. I'm suggesting that the masternode operators "speculate". The alternative cost to a proposal changes. Instead of "pay now, or burn the money" it get to "pay now, or save the money"
 

TroyDASH

Well-known Member
Jul 31, 2015
1,254
797
183
There will not be 6000 dash not-used in this months budget, that is a huge exaggeration. Most of the proposals haven't been submitted yet, that is why you see so much unallocated.
 

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
Dash that is burned means the dash that I hold as an investor is more valuable. I am comfortable with that scenario.
thats exactly the short sightedness we need to avoid , if we spent the money in marketing , we would make 10-50x return instead of the milder inflation alternatively
 

martinf

Member
Aug 21, 2015
70
38
58
Dash that is burned means the dash that I hold as an investor is more valuable. I am comfortable with that scenario.
yes, you are right that burning is better to burn it than to give it away to any random person. The question is: Is it better to burn it than giving it future masternode operators (to spend on future proposals)?
It might matter less if we constantly will have more budget than we have proposals. But if we in the future have more proposals than budget it would obviously be better if we had dash saved up.
 

akhavr

Active Member
Oct 11, 2014
814
406
133
I rather put the funds in a pile than 'burn' them on 'stupid' things.

I don't see why the funds can't go into a fund, which can be used for later budgets should they exceed the monthly fresh set of dash. So still controlled by the masternodes voting on proposals.
This was extensively discussed when budgeting system was first introduced. And it was decided against
 
  • Like
Reactions: slamdunk

JZA

Active Member
Jan 4, 2016
516
226
113
Cancun
alexandro.biz
Dash Address
XmZ3aBBWJdYa6hUJkWbTvwHMwMscmHQFNH
yes , the core has to create a marketing group like they have the developer group , and they need to ask for this remaining money

with 3-4000 dash , they can do real wonders
There is a marketing group is called the Outreach program, and I believe is better if we get them distributed across the community. On the other side, we do need some support for third party podcasts to expand the broadcast to other audiences, otherwise we are just keeping preaching to the choir.

Like, it would be awesome if Leo Laporte from Twit had a podcast on DASH or at least a special series of videos about DASH.
 
  • Like
Reactions: ghowdy

I_am_cuul

New Member
Nov 19, 2016
3
0
1
28
I rather put the funds in a pile than 'burn' them on 'stupid' things.

I don't see why the funds can't go into a fund, which can be used for later budgets should they exceed the monthly fresh set of dash. So still controlled by the masternodes voting on proposals.

I see many benefits of having an extra reserve of funds.
  1. Potential huge investments in the future
    1. Superball add ;)
    2. Acquire another DAO
    3. On-boarding incentives for users
    4. Vulnerability Reward Program
  2. Speculation that dash price will go up, hence better to save for future budgets
  3. Funds left for when block reward goes way down, eventually reaching zero.
This should be built into the network, i.e. no manual management of the extra funds.

I see it as completely natural that we can't match costs with revenue each months. The revenue is what it is, depending on block reward and exchange rate. We should be able to handle variations on the cost side.

Can anyone see any drawbacks of such system?
I agree, this sounds like a great idea. The nice thing about it is we don't need to implement it now since we are still spending less than we create. 5 or 10 years down the road it shouldn't be too hard to look back in the Dash budget history and count how many Dash were never created and then to allow the DAO to create some of these funds when proposal costs exceed the current monthly budget. This way there's no way to hack the funds because, like treasury funds, they will only be created when they are needed.

So we can probably put off this idea until we need to spend more than the monthly budget allows.
 

halso

Active Member
Apr 27, 2016
439
235
113
Sydney, Australia

Leonidas

Active Member
Oct 22, 2016
395
142
113
Look at dash central. There have been a number of proposals in the past to collect unallocated funds and pool them. These proposals were consistently voted down by MNOs.
That was about 2 years ago
Our community and our needs constantly evolve. Even though I appreciate the info on how decisions were taken in the past by the Masternode (which can effectively gives us hint on how they feel today), I believe that this should not be an argument as our strength should always be adaptation and optimization (Or other organization would do it before us as Ryan Taylor pointed out in the last open-house talk).

Now if it's something that indeed is fairly consistent in the community, that is prefering burning funds than stocking it, maybe it would be an idea to write an article about it on the wikipedia explaining the official position of the dash community regarding that topic.

Because except for stating that it has been discussed on the past, I don't see any proper argument (as no sources were provided), which I'd really be interested in !
 

akhavr

Active Member
Oct 11, 2014
814
406
133
While an article/blog post/wiki page might help, it's not a task for me: I'm exceptionally bad writer and public presenter.