{"id":15410,"date":"2017-10-24T00:00:00","date_gmt":"2017-10-23T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2017\/10\/24\/crypto-with-1b-cap-dash-wants-to-be-a-better-venmo\/"},"modified":"2021-09-18T11:39:20","modified_gmt":"2021-09-18T11:39:20","slug":"billion","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/billion\/","title":{"rendered":"Crypto: With $1b+ Cap, DASH Wants to be a Better Venmo"},"content":{"rendered":"<p><iframe src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/347437288&amp;color=ff5500\" frameborder=\"no\" scrolling=\"no\"><\/iframe><\/p>\n<p>In Episode #816, Nathan interviews\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/ryan-taylor-764b3b\/\">Ryan Taylor<\/a>. He\u2019s currently the CEO of the\u00a0<a href=\"https:\/\/www.dash.org\/\">Dash Core Team<\/a>. Dash is an innovative digital currency that offers a number of improvements over bitcoin. Ryan is an expert in the payments industry with over 15 years of experience in financial services and technology.<\/p>\n<p>Subscribe on\u00a0<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/the-top-entrepreneurs-in-money-marketing-business-and-life\/id1023761733?mt=2&amp;ls=1\">ITUNES<\/a>,\u00a0<a href=\"http:\/\/www.stitcher.com\/podcast\/nathan-latka\/the-top-entrepreneurs-in-money-marketing-business-and-life\">STITCHER RADIO<\/a>,\u00a0<a href=\"https:\/\/play.google.com\/music\/m\/If3wdly4ivwhpfsgsgvuv37ksgat=The_Top_Entrepreneurs_in_Money_Marketing_Business_and_Life\">GOOGLE PLAY<\/a>\u00a0or\u00a0<a href=\"https:\/\/soundcloud.com\/nathan-latka\">SOUNDCLOUD<\/a><\/p>\n<p>Famous Five:<\/p>\n<ul>\n<li>Favorite Book? \u2013\u00a0<a href=\"http:\/\/amzn.to\/2x55z9D\">Mastering Bitcoin<\/a><\/li>\n<li>What CEO do you follow? \u2013\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Jack_Welch\">Jack Welch<\/a><\/li>\n<li>Favorite online tool? \u2014\u00a0<a href=\"https:\/\/bitinfocharts.com\/\">BitInfoCharts<\/a><\/li>\n<li>How many hours of sleep do you get?\u2014 5<\/li>\n<li>If you could let your 20-year old self, know one thing, what would it be? \u2013 \u201cDon\u2019t worry about what everyone else has to say, follow what you really want to do\u201d<\/li>\n<\/ul>\n<p>Time Stamped Show Notes:<\/p>\n<ul>\n<li>01:41 \u2013 Nathan introduces Ryan to the show<\/li>\n<li>02:21 \u2013 Dash is based on the bitcoin code base and operates with the same level of security<\/li>\n<li>02:28 \u2013 Dash has improved in 3 areas:<\/li>\n<li>02:31 \u2013 First is governance that allows people to vote on changes<\/li>\n<li>02:49 \u2013 Second area is that it\u2019s self-funded<\/li>\n<li>03:14 \u2013 Dash has incentives for people to contribute to the network<\/li>\n<li>03:25 \u2013 Dash received its own funding from the network itself to operate<\/li>\n<li>03:44 \u2013 There are masternode owners in Dash<\/li>\n<li>05:48 \u2013 Team size is 50<\/li>\n<li>05:55 \u2013 Dash currently has 15 open positions<\/li>\n<li>06:44 \u2013 Dash has a more sophisticated economic system than the early coins<\/li>\n<li>07:00 \u2013 Getting donations for funds is what is primarily happening in the bitcoin world<\/li>\n<li>07:46 \u2013 Alot of them are ICOs that don\u2019t have an ongoing source of revenue to sustain themselves<\/li>\n<li>08:15 \u2013 Ryan\u2019s opinion on Civic\u2019s model<\/li>\n<li>09:00 \u2013 Dash currently has 4500-4600 masternodes, which is a marketplace<\/li>\n<li>09:39 \u2013 An owner can own more than 1 masternode<\/li>\n<li>09:52 \u2013 There\u2019s no way to know the number of masternode owners<\/li>\n<li>11:22 \u2013 The outcome of a vote<\/li>\n<li>11:30 \u2013 There are people who don\u2019t vote, but there\u2019s a minimum threshold<\/li>\n<li>12:30 \u2013 Utility-wise, Dash is aiming to create a world-class payment system<\/li>\n<li>12:39 \u2013 Some tokens are focused on smart contracts while Dash focuses on the payment<\/li>\n<li>13:05 \u2013 Dash is launching their landmark product next year called Evolution<\/li>\n<li>13:42 \u2013 Dash is aiming to make payments as convenient and secure as possible<\/li>\n<li>14:31 \u2013 The treasury is where they allocate transaction fees and block rewards that all cryptocurrency collect<\/li>\n<li>14:55 \u2013 With Dash, 45% goes to miners, 45% to infrastructure or masternode owners and 10% is set aside to the treasury<\/li>\n<li>15:33 \u2013 The treasury pot currently has $1.2M and the network is extremely well-funded<\/li>\n<li>16:20 \u2013 Dash incentivises each component of the network for it to remain functional<\/li>\n<li>16:44 \u2013 Dash has integrations that they\u2019ve funded<\/li>\n<li>17:00 \u2013\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Charlie_Shrem\">Charlie Shrem<\/a>\u00a0just gave them a proposal to create a US debit card<\/li>\n<li>17:14 \u2013 Dash has worked with\u00a0<a href=\"http:\/\/www.alt36.com\/\">Alt36<\/a><\/li>\n<li>17:36 \u2013 Dash has funded\u00a0<a href=\"https:\/\/bit.cards\/\">cards<\/a><\/li>\n<li>18:00 \u2013 Dash\u2019s miner plus masternode combo allows things to be done instantly<\/li>\n<li>19:42 \u2013 Ryan left his job at a multi-million dollar hedge fund to start Dash<\/li>\n<li>19:50 \u2013 Ryan believes that there\u2019s monetary and non-monetary rewards at stake with Dash<\/li>\n<li>20:10 \u2013 Dash has the potential to bring cryptocurrency to a whole new audience<\/li>\n<li>20:30 \u2013 Most of those involved have put their own stake into the network<\/li>\n<li>21:29 \u2013 \u201cMy incentives are perfectly aligned with the network, the way it should be\u201d<\/li>\n<li>22:18 \u2013 The Famous Five<\/li>\n<\/ul>\n<p>3 Key Points:<\/p>\n<ol>\n<li>A blockchain company that uses its own network to fund itself remains self-sustaining and self-functioning.<\/li>\n<li>Most ICOs rely on donations for funds, which can be unstable.<\/li>\n<li>Ignore the noise\u2014do what YOU want to do.<\/li>\n<\/ol>\n<p>Resources Mentioned:<\/p>\n<ul>\n<li><a href=\"http:\/\/nathanlatka.com\/course\">Simplero<\/a>\u00a0\u2013 The easiest way to launch your own membership course like the big influencers do but at 1\/10th the cost.<\/li>\n<li><a href=\"http:\/\/thetopinbox.com\/\">The Top Inbox<\/a>\u00a0\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences<\/li>\n<li><a href=\"http:\/\/getlatka.com\/\">GetLatka<\/a>\u00a0\u2013 Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more<\/li>\n<li><a href=\"http:\/\/nathanlatka.com\/analytics\">Klipfolio<\/a>\u00a0\u2013 Track your business performance across all departments for FREE<\/li>\n<li><a href=\"http:\/\/nathanlatka.com\/hotjar\">Hotjar<\/a>\u00a0\u2013 Nathan uses Hotjar to track what you\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience<\/li>\n<li><a href=\"http:\/\/nathanlatka.com\/schedule\">Acuity Scheduling<\/a>\u00a0\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments<\/li>\n<li><a href=\"http:\/\/www.hostgator.com\/promo\/nathan\">Host Gator<\/a>\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible<\/li>\n<li><a href=\"http:\/\/nathanlatka.com\/audible\">Audible<\/a>\u2013 Nathan uses Audible when he\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books<\/li>\n<li>Show Notes provided by\u00a0<a href=\"http:\/\/www.mallardcreatives.com\/testimonials\/\">Mallard Creatives<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p><iframe loading=\"lazy\" width=\"100%\" height=\"166\" scrolling=\"no\" frameborder=\"no\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/347437288&#038;color=ff5500\"><\/iframe><\/p>\r\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - 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