{"id":70792,"date":"2017-01-13T16:52:23","date_gmt":"2017-01-13T16:52:23","guid":{"rendered":"https:\/\/www.dash.org\/uncategorized\/dashs-more-incredible-2016\/"},"modified":"2021-09-23T15:02:44","modified_gmt":"2021-09-23T15:02:44","slug":"dashs-more-incredible-2016","status":"publish","type":"post","link":"https:\/\/www.dash.org\/blog\/dashs-more-incredible-2016\/","title":{"rendered":"Dash\u2019s More Incredible 2016"},"content":{"rendered":"

Last year at this time, I wrote a letter to the community reflecting on Dash\u2019s Incredible 2015<\/a> \u2014 our first full year in existence \u2014 and promised some predictions about the coming year. Evan liked it so much, he told me \u201cIt looks like you\u2019ve signed yourself up a new tradition. You need to write one every year.\u201d<\/p>\n

I\u2019ve been a bit busy this month, so I\u2019ve been putting off writing this year\u2019s 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 \u201c2017 is the year Dash proves itself to the world.\u201d 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\u2019s phrase summed up perfectly where I think the project is right now\u2026 on the verge of proving itself to the world, like a rumbling volcano sitting right below the surface waiting to explode.<\/p>\n

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\u2019s 51%.<\/p>\n

Even if you\u2019ve 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\u2019s impact were beginning to emerge. We\u2019d 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.<\/p>\n

In last year\u2019s letter, I recanted on promises of predictions for 2016, because \u201cpredictions have a funny way of later making you look quite stupid.\u201d Instead, I made a resolution to increase my commitment to Dash in terms of time and resources.<\/p>\n

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.<\/p>\n

I ended last year\u2019s letter with a call to action, with a message of hope that I could inspire readers to find new ways to contribute\u2026 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.<\/p>\n

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 \u2014 individuals making sacrifices to become a part of this amazing new type of organization, and help it succeed.<\/p>\n

\u201cIf 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.\u201d 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.<\/p>\n

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\u2019s largest players.<\/p>\n

As we\u2019ve 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.<\/p>\n

Our community knows that Dash \u2014 and what we are doing \u2014 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.<\/p>\n

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.<\/p>\n

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 \u201copportunistic\u201d to \u201ctargeted\u201d. Our pipeline of new integrations has never been stronger, or easier to develop.<\/p>\n

Given our track record, our newfound strength, and the new environment in which we operate, I\u2019m 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 \u2014 for the fourth year in a row \u2014 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.<\/p>\n

I believe that 2017 is the year Dash truly finds its legs and proves this morning\u2019s dream to be true. But we can only do it together. For those that have heeded my call from last year, thank you\u2026 just look at what we\u2019ve achieved! For those that haven\u2019t, but are passionate about Dash, I\u2019d 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.<\/p>\n

The grapes this year are looking awfully plump!<\/p>\n","protected":false},"excerpt":{"rendered":"Last year at this time, I wrote a letter to the community reflecting on Dash\u2019s Incredible 2015 \u2014 our first full year in existence \u2014 and promised some predictions about the coming year. Evan liked it so much, he told me \u201cIt looks like you\u2019ve signed yourself up a new tradition. You need to write…","protected":false},"author":51,"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":[290],"tags":[237,225,220],"acf":[],"yoast_head":"\nDash\u2019s More Incredible 2016 - Dash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dash.org\/blog\/dashs-more-incredible-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dash\u2019s More Incredible 2016 - Dash\" \/>\n<meta property=\"og:description\" content=\"Last year at this time, I wrote a letter to the community reflecting on Dash\u2019s Incredible 2015 \u2014 our first full year in existence \u2014 and promised some predictions about the coming year. 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