Featuring the opinion and writings of various members of Dash Nation.
Dash has been a very interesting and unique platform/project among all the others in the blockchain ecosystem.
5 years ago, Dash was born with a different name and a strong vision. Now Dash has become a disruptive factor in crypto world. We can see Dash now as an excellent example for many other projects.
2019 brings new challenges for all actors in crypto world, including Dash. Low market prices, more government regulation, and many people without information about cryptocurrency are real roadbumps for us. Even with these obstacles for an effective mass adoption, adoption must be the next big goal for every crypto in order to survive and deliver its features for people.
Many people are skeptical about adoption, this is not new. All other game changers have lived same situation, such as internet, phones, and social media. All of them have been where we are now, I am sure time will speak loud and clear about crypto’s future. Right now we are just a few in this gigantic financial universe, but crypto is here to stay.
How to carry this process on has been a discussion point in every core team and community. Many options have been proposed and many ideas have been discussed, but the real question here is, is there a magical and/or effective way to do it?
Church’s Chicken is an example of adoption in Venezuela.
I don’t think so. I think there must be a broad strategy and a huge educational effort to reach as many people as possible. This will bring in more educated people in the ecosystem, bringing more use, more stability, and less speculation.
In this regard, my opinion is that Dash has a strong structure and a good funding system to get this task done. Both structure and funding are a real issue for many projects looking for survival. Sometimes there isn’t a structure big or clever enough to make it happen and sometimes there are not enough funds to get it done. But Dash is solid in both areas, and this is a really good advantage for Dash in this crypto adoption race for survival.
It is not an easy task, 8 billion people is a huge target, and every crypto project must come together and try to outreach most of this population in order to reach the next stage in this new era: USABILITY.
What will future bring for Dash? I am sure Dash could lead this adoption stage in a very successful way if its moves are well played. Dash’s community will be a solid leader this race. Dash’s tech specs, apps, developments, community, funding system are exceptionally good. As a Dash supporter, I can see an exciting and brilliant forthcoming future for Dash.
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Members of the Dash community who were around at the beginning know this feeling. Even ones who joined Dash Nation later may have felt it. A large part of the cryptosphere has never evaluated Dash with a fair lens, due to mistakes made at the launch.
These mistakes led to increased trolling from rival currencies who made the assumption that these mistakes were intentional. Rumours that Dash was a scam were prevalent, but no proof of this was ever submitted. The people responsible would simply follow the adage “Repeat it long enough and it will become true”.
66,000 Kriptomobile Dash-preloaded phones were sold in Latin America.
All of this early-life adversity only served to make Dash stronger. There was never anything wrong with the technology, customer service or work ethos, just a persistent bias from those who believed the parroted narrative of the detractors.
All through this time, Dash Nation persevered. We posted links to our successes in the cryptocurrency subReddit only to get met with downvotes and scam comments. We tweeted about integrations and adoption only to get ridiculed about the assumed intentions of Dash’s founder.
Fast-forward to today. As someone who has spent considerable time in the trenches trying to build the community, I have begun to notice a thawing out of this resistance to Dash’s successes.
I believe a big reason for this was the popping of the crypto bubble. People are no longer making money from pure speculation, and the focus is more on usage and adoption. This is right up Dash’s alley, as we have literally been working on this since the beginning!
Rod Ambrissi of @DashDinheiro talks with @WorldAltMedia about #Dash, its advantages and how it’s making a difference in the places that need it most in Latin America.
Rodrigo Digital explains Dash’s successes in encouraging adoption.
Dash’s social media contacts (Dash Nation’s #social-media-squad, and Dash Talk’s #swarm, among others) regularly post newsworthy items in their circles. Recently, where there used to be downvotes there are upvotes, where their used to be snide comments there are now compliments. It’s very refreshing to see, and a vindication of our hard work.
People who work with Dash Nation more often than not come away impressed by the experience.
We are coming into a new period of added respect for our project, Dash Nation. The dichotomy of how we are treated in the cryptosphere versus how we and the project actually are is slowly fading.
It’s taken a long time to get to this point, but we must remember it didn’t come by accident. The whole community came together to make this happen. Developers coded a smooth and robust network, business developers worked hard to add integrations in this environment of extreme bias, and rabid community members did their best to get the constant good news out there.
Does that mean it’s going to be easy from now on? Absolutely not, and if it was it simply wouldn’t be Dash. This false narrative we deal with every day is still prevalent. There are indications, however, that times may be changing, and we must not rest now. Now is the time to be bold. To have the swagger we deserve.
Now is the time to strike while the iron is hot!
Join the Dash Nation movement on Discord!
https://www.dashnation.com/wp-content/uploads/2018/12/7B812157-6D64-4056-B623-470E61F8F64A.jpeg 683 1024 Tao Of Satoshi https://www.dashnation.com/wp-content/uploads/2019/01/headlogo.png Tao Of Satoshi2018-12-19 01:01:062018-12-19 01:01:08Striking while the iron is hot!
Why should Venezuela use cash?
Maybe, instead of asking “why should Venezuela use Dash ?”, the question should be “why should Venezuela use cash ?”.
I’ve been thinking about this quite a bit lately and come up with some thoughts.
Most monetary commodities & assets fulfil almost exclusively the “store of value” use case. e.g. Gold bars, silver coins, stamps, fine art. None of these find significant use nowadays as either a means of exchange or a unit of account.
Meanwhile, the credit money of the fiat system finds use EXCLUSIVELY as a unit of account. There is no commodity associated with it any longer, even though they linger on in the currency titles (“Sterling”, “Peso”, “Dollar” etc). It’s simply an arbitrary unit for denominating quantities of credit.
Cash and vertical (market specific) tokens are the only ones that function as all 3. Store of value, means of exchange and unit of account. That is one reason why “regular folks” may want to use cash – because it’s something they can spend, hold, value costs with and that doesn’t loose its value.
Now lets look at the various archetypes themselves and their significant characteristics which ideally need to be carried forward into their synthetic counterparts. To do this we need to have recourse to the age-old acknowledged characteristics of money and see how each archetype gives priority to distinct monetary properties to deliver its optimal “service”.
We already observed that these operate primarily in the store-of-value role. So fungibility, mobility and divisibility are de-prioritised in favour of scarcity and durability. This is the case, for example with gold nuggets, fine art, diamonds and even (nowadays) metal coins – since these are generally only fungible within a particular family (for example canadian maples). There is fungibility to a degree because metals can be melted down to erase their historical form and take up another.
Within the cryptocurrency class, bitcoin certainly follows this archetype very well. Its blocktime corresponds to its exchange time – a reasonable one for such an asset class. It is also divisible and has enough fungibility to function well as a monetary asset without de-prioritising its main role – that of storing value.
Significantly, this class can serve as a “backing” for derivative vehicles. For example when we put our money in the bank, a “derivative” form of it appears as a digital balance in our bank account which can then be transferred to someone else’s account without them actually having to be present in order to receive the exchange in person.
inputs from different customers) and then again at banking branches (mixing inputs from different merchants) before being redistributed into circulation.
Characteristics of the real-world cash monetary archetype.
One other significant aspect of cash, is that its value coincides with the medium. What I mean by that is that the value is in the actual token being exchanged and not somewhere else, so by definition, the authentic archetype excludes account-based trading.
ALL of these three are an issue for blockchains. First of all, blockchains work in blocktime, not realtime so there is no inherent support for instant transfers. Nor do they have any native mixing features in the standard bitcoin implementation – mixing is purely organic arising from use. Finally, the requirement that even small transactions be carried out using the base money supply gives them a technical scaling challenge that the other asset classes don’t have (since they can benefit from account based trading).
The first two of these solutions are clearly not very satisfactory since 1 is in conflict with the integrity of the mining protocol and the other is in conflict with the double-spend risk.
However, what’s interesting about the third of these is that the decoupled protocol can ALSO address the supply recycling (mixing) requirement of the archetype – and this is the course that Dash has taken.
So we can conclusively make the case that Dash – being the first in the world of masternode oriented, pure currency, mined chains – qualifies as an original in a distinct class of synthetic assets. It authentically implements the key aspects of the cash archetype in a way that its “competitors” (I don’t include Bitcoin in that group but, say Litecoin, BCH, Doge etc) do not.
IMO we need to therefore refer BACK to the archetype for the use cases. Why do/did people use cash ? (As distinct from credit/debit cards). How do they get it ? Where do they spend it ?
If we go back a bit in time, cash was metal coins so it held its value in addition to being a transactional medium. Getting it into people’s hands easily is therefore a major milestone to reach. Some other way than exchanges hopefully.
https://www.dashnation.com/wp-content/uploads/2018/12/eQeTOMY-2.png 848 969 Guest Author https://www.dashnation.com/wp-content/uploads/2019/01/headlogo.png Guest Author2018-12-11 11:38:562018-12-11 19:54:31Why should Venezuela use cash?
Why I no longer consider Dash to be a “cryptocurrency”.
https://www.dashnation.com/wp-content/uploads/2018/12/concept-1868728_960_720.jpg 640 960 Dash Community Member https://www.dashnation.com/wp-content/uploads/2019/01/headlogo.png Dash Community Member2018-12-06 07:13:212018-12-06 07:13:21Why I no longer consider Dash to be a "cryptocurrency".
Thinking of selling Dash? Read this first.
https://www.dashnation.com/wp-content/uploads/2018/11/smiley-2979107_960_720.jpg 539 960 Tao Of Satoshi https://www.dashnation.com/wp-content/uploads/2019/01/headlogo.png Tao Of Satoshi2018-11-26 09:00:572018-11-29 05:21:14Thinking of selling Dash? Read this first.