Dash’s More Incredible 2016

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I’ve been a bit busy this month, so I’ve been putting off writing this year’s letter. But this morning at 3:30am, I awoke from a dream that ended with an unidentified woman slowly telling me in a calm and tranquil voice that “2017 is the year Dash proves itself to the world.” Sadly, this is not simply a made-up story off of which to base my letter. It really happened, and that prompted me to start writing immediately. Besides illustrating that I ponder Dash entirely too much, the woman’s phrase summed up perfectly where I think the project is right now… on the verge of proving itself to the world, like a rumbling volcano sitting right below the surface waiting to explode.

Rereading the last letter, 2015 was, by all measures, an incredible year. InstantSend was introduced in the spring and the current iteration of the budget system was released in August. Our market cap grew 112% that year, much faster than Bitcoin’s 51%.

Even if you’ve read the article before, I encourage you to read it and reflect on how substantially our position has changed over the last year. Although our future seemed uncertain at the time, early signs of the budget system’s impact were beginning to emerge. We’d sent Evan to a couple of events, acquired the dash.org domain, and set aside some funding for the team. It was a modest start.

In last year’s letter, I recanted on promises of predictions for 2016, because “predictions have a funny way of later making you look quite stupid.” Instead, I made a resolution to increase my commitment to Dash in terms of time and resources.

Having successfully avoided the pitfalls of making predictions, I instead became the victim of the pitfalls of making commitments. Passions, it turns out, have a funny way of later making rather modest commitments into exceedingly large ones. I promised to buy another masternode, but I bought many more than that. I promised to apply substantial time to the project and in April quit a six-figure job to join Dash full-time for less than minimum wage.

I ended last year’s letter with a call to action, with a message of hope that I could inspire readers to find new ways to contribute… vote, introduce Dash to people you know, start a masternode. It seems that many of you felt the same call of passion as I did. Every one is its own unique story and journey, visionaries that see where Dash is headed, each one finding new ways to apply their talents toward the betterment of Dash.

Amanda B. Johnson discontinued The Daily Decrypt to focus on a dedicated Dash: Detailed show. Several of our developers quit more lucrative positions to join Dash full-time. There are literally dozens of similar stories — individuals making sacrifices to become a part of this amazing new type of organization, and help it succeed.

“If we all made contributions large and small, what will we be saying at the end of 2016? What will the world be saying about us at the end of 2016? Time will tell.” This was the question I left for the year ahead to answer. So what did time tell us? Simply put, Dash is well on its way toward a great destiny.

The results are astounding. Our market cap growth accelerated to 289%, once again more than double Bitcoin and the market as a whole. Our price increased 240%. Our budget has more than tripled over the last year, which is enabling us to open offices, hire more developers, sustain ongoing PR and marketing efforts, hire more business development reps, and fund integration efforts with even the industry’s largest players.

As we’ve grown, network health measures have improved. Here are some highlights from the fourth quarter. Our daily price volatility fell by almost half, hitting a record low and making the currency less risky to hold. Our average daily trading volume was up an astounding 1,742%, breaking the previous records from 2014. Total transaction fees also hit a record, which are generated primarily from increased use of our premium features like PrivateSend and InstantSend. Payment volume increased 243%. Hashrate increased 1,416%, making the network more secure than ever. Our YouTube subscribers grew 49% from just the third quarter.

Our community knows that Dash — and what we are doing — is completely different from the rest of the industry. We have solved the major pain points with governance and funding sustainability, and remain focused on delivering a great user experience with InstantSent, PrivateSend, and Evolution. We know that our vision for cryptocurrency will dramatically expand its usefulness and provide financial freedom to an incredible number of everyday people. I believe 2017 is the year our vision begins to be appreciated by the wider cryptocurrency community.

By all measures, we enter 2017 in a markedly different position. It is a position of strength, stability, rapid growth, increasing professionalism, and focus. More importantly, the industry in which we operate is beginning to open up to the idea of multi-currency operation, and our project is earning respect from industry leaders, decision-makers, and influencers. Ethereum was the big story of 2016, and despite its challenges with The DAO and Ethereum Classic, it paved the way for alternatives like ours. From my vantage point, I am perceiving a dramatic change in the tone of conversations with executives of leading companies and major institutions, and we are likely to see that translate into some amazing developments this year.

In 2017, business development will become a major theme, as we continue working full-steam on delivering Evolution. We now have full-time integrations support. We are also expanding the business development team, and formalizing our strategy from “opportunistic” to “targeted”. Our pipeline of new integrations has never been stronger, or easier to develop.

Given our track record, our newfound strength, and the new environment in which we operate, I’m going to go out on a limb this year to make several bold predictions for 2017. I have that much confidence in the outcome. First, Dash will — for the fourth year in a row — outperform the growth rate of both Bitcoin and the digital currency industry as a whole by at least double. Second, Dash will grow at least triple digits. Third, Dash will be ranked within the top four by market cap before the end of the year. And most importantly, Dash will dramatically expand its reach and relevancy in the market, expanding our connective tissue across the industry through our business development efforts.

I believe that 2017 is the year Dash truly finds its legs and proves this morning’s dream to be true. But we can only do it together. For those that have heeded my call from last year, thank you… just look at what we’ve achieved! For those that haven’t, but are passionate about Dash, I’d encourage you to step off the sidelines and dive in to the project in any way you can. If we all do that, 2017 can be the year we all changed the world of digital currency and financial services forever.

The grapes this year are looking awfully plump!

The Dash Newsletter – T minus 12.1

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It took a while, but we finally have a launch date for Dash 12.1. As the developers have said a few times, this update is much bigger than initially expected and thus the extensive testing done.

It will happen on February 5th after the blockchain pays the approved proposals. All budgets will need to be resubmitted and masternodes who don’t update will stop getting payments pretty soon.

As for what we’ll get, 12.1 will introduce a completely rewritten governance software and will lay the foundations for Evolution. Probably it is better to just quote Evan Duffield’s announcement:

The first area of progress is Dash Core. In addition to running the network at present, Dash Core also serves as the backbone of the Evolution engine. We have done a great deal of work on Sentinel, our large-scale decentralized programmable database solution, which is going to allow us to move radically faster than any other organization in cryptocurrency. Among other things, Sentinel will allow us to push updates to Dash Core much more quickly and easily.

Sentinel can also be re-geared and deployed to operate digital companies that have a built-in workforce, infrastructure to deploy again, and as an engine for storage and retrieval of information. This is the concept we’re working on, which will allow companies to run on the Dash Network and compete with centralized companies that refuse to work with Dash. It’s a simple divide and conquest model.

We have recently moved a good deal of our funding into paying some new hires, who have now integrated into our team and have pushed through many new versions of the software. Among other things, they have fixed various issues with the stability of the daemon, the syncing of governance objects, and the workability of the new Sentinel system. Sentinel uses a complex set of rules and conditions for validation of objects and maintaining the consensus of the network.

+Dash 12.1 prepares the path for Evolution. If you want a glimpse of what will come, check this Dash Detailed episode.

 

2

AND A NEW WEBSITE TOO

It has been live for a while at www-test.dash.org. Maybe you already know it. If you don’t, you will on February 5th because it will replace the old www.dash.org. There is still some work being done. Don’t hesitate to check the test site and report in the forum anything weird that you find. Fist one to do it gets to create the thread.

The site is moving away from a CMS and will be fully static. This will improve speed and security by orders of magnitude. The looks are also much nicer.

 

3

AND DASHOUS!

Dashous has softly, and quietly, beta (alpha?) launched. There has not even been an announcement because it is still being polished, but it needs testers and I’m bad with secrets that are not even secrets. There is also a subreddit.

For those who don’t know, Dashous is the localbitcoins-like-site that the blockchain financed a couple cycles ago.

 

4

THE HARDWARE WALLET AND THE MASTERNODE

Yes, you read it well. The long awaited feature, brought to you by the acclaimed Chaeplin. This beautiful piece of software will let you start your masternode from a Keepkey with a Dash Core wallet once we are on 12.1. It also works with a Trezor. As always, this is experimental, test in testnet first. That is why it is called testnet.

 

5

GOVERNANCE

+Ryan Taylor published the official response to the report by IOHK in which they made an extensive analysis of the governance system and suggested some improvements.

+Eric Sammons published his own review of the Dash Governance System in Medium. He knows the system and his writing is always great. Read it.

+New section in the forum for updates on the funded projects that the team is working on. This should help solve the lack of communication and the dispersion of information about certain projects. Replying is not allowed there because it is intended to serve as a very fast status update for those who don’t want to dig. We can all discuss in the rest of the forum.
Thanks,

Fernando

PD: Happy Christmas, Hanukkah, New Year and soon-to-be Chinese New Year!

The Week That Dash Was in the News – A LOT

 

If there were three words to describe Dash’s kickoff to the first quarter fiscal year 2017 they would be “not too shabby.”

Hi I’m Amanda B. Johnson and you’re watching DASH: Detailed.
Let’s get started with Dash in the News — and there’s been a lot this week.

At the height of last week’s price spike Dash’s price surge was written about in Leaprate.com where the staff writer mentioned forthcoming developments such as 12.1 and Evolution.

And next there were five yes count them five media appearances by Dash’s so-called Director of Finance Ryan Taylor.

Taylor gave a live interview to a reporter at Cheddar.com. Cheddar being a daily live feed from the New York Stock Exchange of all places. The subscription-only Cheddar interview has not yet been released at the time of recording but Ryan reports that once he gets a copy of it he will be sure to tweet it.

Taylor then gave text-based interviews to Andrew Saks-McLeod at FinanceFeeds Diana Ngo at CoinJournal a staff writer at EconoTimes and Avi Mizrahi at Finance Magnates.

In other publications Dash saw its second mention at CoinDesk this time from author Willy Woo. In a piece entitled “Volatility and Liquidity: How Bitcoin Compares to its Crypto Competitors.”

And I Amanda B. Johnson gave an audio interview to the Future Tech Podcast hosted by Richard Jacobs. And now to Development Updates.

Some have asked whether the minimum hardware requirement to run a masternode in forthcoming 12.1 will be increased. Dash’s core development team has responded with an affirmative “no.” So the minimum hardware requirement for running a masternote in 12.1 will remain a 1 gigabyte of RAM piece of hardware or higher.

In other development updates Dash developer chaeplin has posted that he is now testing KeepKey masternode support on testnet. This means that in addition to Trezor masternode support which is set to be released with 12.1 you will also be able to host a masternode on a KeepKep hardware wallet once chaeplin finishes the mainnet testing two to three weeks after the release of 12.1.

Also in Development Updates a new section has been added to the forum at Dash.org/Forum and it’s called “Project Updates.”

There you’ll see that Dash core team member Daniel Diaz AKA Minotaur has created progress update threads for the Mycelium wallet integration the GetGuild CTM — that is cryptocurrency teller machine projects — the fiat-to-Dash ATM compliance project from Cogent Law and the legal research project being conducted by attorney Marco Santori.

And now to Business News. There are two businesses newly-accepting Dash.

The first is Contraband Coffee which brews organic artisan batches of coffee available to be shipped anywhere in the United States.

And the second merchant is a Hempsweet. Hempsweet offers medicinal CBD oils as well as hemp oil body lotions and offers shipping to nearly anywhere in the world.

Now to Price Movement.
The Dash-to-US dollar price is currently at $12.80 per coin.

This makes for a total market cap of just under 90 million dollars with a 24-hour trade volume of 1.7 million dollars with an available coin supply of just over 7 million Dash.

Now today’s market cap is down significantly from what it was just seven days ago which you may recall was about a hundred and twenty million dollars in market cap but if you zoom out a mere seven days before that — that is two weeks ago — you’ll see that Dash’s market cap was then under 70 million dollars meaning that a 25-percent price increase has held from then to today.

And in Social Happenings.

An introduction to Dash meetup has been scheduled for January 26th to take place in Suwanee Georgia — and that’s the state Georgia rather than the country Georgia. It will be hosted by Jeffrey Thompson and take place at the George Pierce Park Community Center at 6pm.

Also in Social Happenings dear old Ryan Taylor has tweeted that he is slated to speak about Dash at the North American Bitcoin Conference on January the 18th.

The conference takes place January 16th 17th and 18th and Dash will also have a visitor’s booth open on all of the days for anybody to stop by.

And this nifty infographic has recently been released by redditor OnesPerspective. The infographic illustrates how Dash is different from Bitcoin and other cryptocurriences with its second tier masternode network private and instant confirmations and so forth.

You’ll find the link to the infographic as well as all links in today’s show in the description below on this YouTube page.

And to Network Statistics.

Today’s masternode count is 4 293 which is up 61 masternodes from last week’s 4 232. There are roughly 430 non- masternode full nodes running at this time making for a grand total of 4 721 full nodes on the network.

And in mining today marks a new all-time high hashrate which is at 2.09 tera hashes per second. Hurrah!

Masternode owners may also care to know that there are some new pre and regular proposals in Dash’s treasury at this time. Some of the proposers are brand-new to Dash and so they may appreciate receiving your feedback on their pre- proposal threads.

And finally a little PSA.

Remember to back up your Dash wallet particularly if you use the Dash QT / core wallet to be able to mix your coins remember that the backup of the QT wallet only backs up the next thousand addresses that it would have generated. Now that seems like a lot but if you do a lot of coin mixing with a lot of rounds you would be surprised how quickly you can use up those thousand addresses. So as always remember to backup your wallet regularly.

And that’s it for DASH: Detailed this week. Pretty please follow us on Twitter. And shoot an email to Amanda [at] Dash [dot] org if you have not yet subscribed for a weekly email of this series. All right I’ll see you next Wednesday.

 

 

Crypto 101: Episode Next: The DASH Difference- What makes it unique, why everyone talks about it & why it’s always a top Crypto



I’m back with another Blue Collar Crypto 101 talk today. DASH 101! – in simple language. (VIDEO by DASH -10 mins)

I am finding out more daily how much of a community DASH really has. They are different. And they are good.

Earlier in the week I had a really well performing blog post that did well on Steemit and the official Social Media accounts of DASH (several of them) – shared/posted retweeted the post too, seeing I was a Crypto Noob really digging in and learning about DASH and then trying to share that info with you guys and the world.

That post is here — https:[email protected][email protected]-and-why-everyone-talks-about-amanda-b-johnson-so-highly





Not only was I questioned in my post there about the differences of DASH to other Crypto Currencies but TBH– I had been wondering for like…. 2-3 months myself why everyone talks about DASH, why it’s different and why it always is a top performing Crypto Currency usually in the top 5/10 on the market today behind the grand daddy of them all — Bitcoin.

So today, I am covering that.

I dug into yet another video on the subject by Crypto and DASH expert — Amanda B. Johnson. If you have not watched her videos online on any of the channels, you might want to. Like I said in my last post, she is engaging, easy to listen to, funny, very intelligent and yes, people, she is very pretty. I say these things again because as my other blog post noted –

I wondered why you always see Amanda’s name so much in Crypto. Those are the reasons why.


When I coined the phrase on Steemit and other SM sites #CryptoCrush — well, I guess some other people related because I received several messages on it. This whole blockchain life has introduced me to lots of people.

I am a pretty regular guy in most respects and am single and I’ve realized how hard it is for single people to find Liberty minded, awake and intelligent people and many of us find these qualities attractive in people.

That is one reason it is easy to learn from like-minded people you can relate to and admire. I digress.


  • DASH SCHOOL AND WHY IS DASH UNIQUE AND DIFFERENT?





DASH SCHOOL is the name of one of the series Amanda is doing and that is where the above video comes from, off one of the official DASH channels. This is video #5 in that series. I picked this one because I wanted to KNOW FOR MYSELF why DASH is different and why and this video addresses that. DASH 101 so to speak.

1/ DASH has Instant Send Confirmations on their Blockchain

  • unlike the other Cryptos on the market Those confirmations come in about 1.3 seconds as I write this with the info in front of me today Friday 6th, 2016

2/ DASH has Private Send Confirmations on their Blockchain.

  • (6.34 mark of video) – which eliminates the “fickleness” of human beings dealing with one another and also deals with and ups the game on the PRIVACY factor. Simply put it swaps the coins among all the users in the blockchain and breaks the “traceability” issues. Neat stuff.

3/ The DASH Masternode setup and terms are different like many things DASH seems to be all about!

  • In brief, I learned this week that to have a Masternode — you have to prove you are INVESTED (vested, like our Power Ups or Steem Power – here on Steemit) – with 1000 DASH. It means you are a stakeholder and have lots to gain or lose with your witness votes on the blockchain for DASH which makes sense.

The MasterNodes have the 3 basic features here to maintain the Private Send – Instant Send – features along with maintaining the DASH blockchain.


The blockchain witnesses / Masternodes like with other currencies have the collective job of “being in charge when there’s nobody in charge” as Amanda explains nicely here.

The updated stats on these DASH masternodes combining the 2 categories they have – total 4781 total nodes. (As of today jan. 6th 2016)

The DASH masternodes allow the system to fund themselves and pay for everything and it covers off the Voting Decisions that need to be made on the network.

Something recently vote-wise was handled on DASH I learned listening to Amanda elsewhere (see my last blog post mentioned here) — within about 24 hours that was a mission critical matter that could have crippled other blockchains with a drawn out battle.

Things we notice in other blockchains that cause Hard Fork fights and issues and whatnot. DASH handled it quickly and cleanly. That stuck with me also.



DASH is about to break new ground with a new product and release JUST about ready to hit the market which will address and solve the 3 major issues with a crypto currency these days:

##- The wallet address hassles and problems, issues with passwords and the fact paying for things etc with crypto are hard in general and I will cover that soon.

That product is called

DASH Evolution

and sounds like a GAMECHANGER for sure. We will cover that next!

https:[email protected][email protected]-why-everyone-talks-about-it-and-why-it-s-always-a-top-crypto