1/ Bunch of acquaintances reached out this weekend to ask why Dash was "all of a sudden" an "overnight success". Well, here's my answer... since the last price peak on Dec 21, 2017 DCG:
- Established the Dash DAO Irrevocable Trust to enable DCG to hold reserves
- Established the Dash DAO Irrevocable Trust to enable DCG to hold reserves
2/
- Created deterministic masternode list to enable all sorts of cool tech (see below)
- Created Long Living Masternode Quorums to enable network-wide consensus on basically anything nearly instantly
- Introduced ChainLocks, which make chain reorgs basically impossible
- Created deterministic masternode list to enable all sorts of cool tech (see below)
- Created Long Living Masternode Quorums to enable network-wide consensus on basically anything nearly instantly
- Introduced ChainLocks, which make chain reorgs basically impossible
3/
- Introduced LLMQ-based InstantSend, to allow IS to scale... which allowed us to make ALL transactions instant and eliminated the premium fee for IS transactions
- Enabled chained InstantSend, making transactions instantly respendable (without the need for a confirmation)
- Introduced LLMQ-based InstantSend, to allow IS to scale... which allowed us to make ALL transactions instant and eliminated the premium fee for IS transactions
- Enabled chained InstantSend, making transactions instantly respendable (without the need for a confirmation)
4/
- Added identities (on testnet) to enable social payments
- Added DPNS to resolve names on the network
- Created Dash Drive to store the data in a decentralized manner
- Created DAPI to enable users to access the network using standard communication protocols
- Added identities (on testnet) to enable social payments
- Added DPNS to resolve names on the network
- Created Dash Drive to store the data in a decentralized manner
- Created DAPI to enable users to access the network using standard communication protocols
5/
- Created DashPay to leverage all of this to create a user experience unmatched in the industry
- Created the world's first ownerless and memberless investment foundation to empower the DAO with additional options besides grants (legal structure to take ownership for the DAO)
- Created DashPay to leverage all of this to create a user experience unmatched in the industry
- Created the world's first ownerless and memberless investment foundation to empower the DAO with additional options besides grants (legal structure to take ownership for the DAO)
6/
- Added OTCs, loans, staking, custody, options, market makers, derivatives, & futures
- Vastly improved our tokenomics with Store of Value initiative
- Worked to ensure IS and ChainLocks are enabled on major exchanges and introduced FassPass designation to reward those that do
- Added OTCs, loans, staking, custody, options, market makers, derivatives, & futures
- Vastly improved our tokenomics with Store of Value initiative
- Worked to ensure IS and ChainLocks are enabled on major exchanges and introduced FassPass designation to reward those that do
7/
- Added key infrastructure like Simplex that powers a lot of other pieces of the ecosystem in the background most users never think about
- Worked to ensure the SEC and Crypto Ratings Counsel understood and agreed Dash is not a security
- Added key infrastructure like Simplex that powers a lot of other pieces of the ecosystem in the background most users never think about
- Worked to ensure the SEC and Crypto Ratings Counsel understood and agreed Dash is not a security
8/
- Educated dozens of exchange compliance teams and the public to counter the narrative that Dash presents an AML and compliance risk for services; engaged with FinCEN on same by responding to recent proposed rule making
- Educated dozens of exchange compliance teams and the public to counter the narrative that Dash presents an AML and compliance risk for services; engaged with FinCEN on same by responding to recent proposed rule making
9/
- Ensured Dash was added to Chainalysis, the most widely used AML platform for exchanges to maintain continued access to fiat onramps
And that's just DCG! There are many other teams contributing in some amazing ways!
- Ensured Dash was added to Chainalysis, the most widely used AML platform for exchanges to maintain continued access to fiat onramps
And that's just DCG! There are many other teams contributing in some amazing ways!
10/
- Dash Investment Foundation with recent investments in CrayPay, Quadency, and a huge announcement coming soon... owned by the network!
- Dash Incubator, building our dapp development community
- Dash Newsroom, helping get all this amazing development into the media
- Dash Investment Foundation with recent investments in CrayPay, Quadency, and a huge announcement coming soon... owned by the network!
- Dash Incubator, building our dapp development community
- Dash Newsroom, helping get all this amazing development into the media
11/
- Local teams in SE Asia, Africa, Europe, and LatAm all contributing local adoption, customer service, business development, marketing, and PR
- Electrum wallet team, built PrivateSend into the Electrum wallet
- DMT lowered the technical barrier to entry for MN owners
- Local teams in SE Asia, Africa, Europe, and LatAm all contributing local adoption, customer service, business development, marketing, and PR
- Electrum wallet team, built PrivateSend into the Electrum wallet
- DMT lowered the technical barrier to entry for MN owners
12/
All this contributed to amazing growth metrics in the metrics that matter long-term:
- Tripled our transaction counts, with consistent double or triple digit growth in most key usage metrics...
All this contributed to amazing growth metrics in the metrics that matter long-term:
- Tripled our transaction counts, with consistent double or triple digit growth in most key usage metrics...
13/ ... In fact, we're in our 10th consecutive quarter of transaction growth (median transactions per day)
- Added major retailer chains in LatAm that directly accept Dash at the point of sale (Church's Chicken, Burger King, Pizza Hut, department stores, pharmacy, grocery)
- Added major retailer chains in LatAm that directly accept Dash at the point of sale (Church's Chicken, Burger King, Pizza Hut, department stores, pharmacy, grocery)
14/
- Trading volume and on-chain transaction volumes both growing double digits last year
- Rapid growth in wallet users (see below)
- Trading volume and on-chain transaction volumes both growing double digits last year
- Rapid growth in wallet users (see below)
15/
- Consistent growth in user activity
- Consistent growth in user activity
16/
Everything we have tried has not been successful, and that's true for both DCG and other proposal owners. But the trend is clear over long periods of time that Dash is proving its worth year after year.
Everything we have tried has not been successful, and that's true for both DCG and other proposal owners. But the trend is clear over long periods of time that Dash is proving its worth year after year.
17/
So, yeah... Dash, the "overnight success". There are a bunch of us, working 60+ hours in a typical week for years and many, including myself, have been doing it for reduced pay because we believe in the mission and vision. You can't stop that. And we're only getting started.
So, yeah... Dash, the "overnight success". There are a bunch of us, working 60+ hours in a typical week for years and many, including myself, have been doing it for reduced pay because we believe in the mission and vision. You can't stop that. And we're only getting started.
18/
If you've been with Dash for a while, thank you for believing in what we are doing and supporting it. If you are new to the community, or thinking about becoming a part of it, welcome!
If you've been with Dash for a while, thank you for believing in what we are doing and supporting it. If you are new to the community, or thinking about becoming a part of it, welcome!
19/
We want to provide the world with the first social peer-to-peer digital currency that is every bit as usable as centralized services. Username-based, multi-device, instant, cheap, scalable, and even more reliable.
We want to provide the world with the first social peer-to-peer digital currency that is every bit as usable as centralized services. Username-based, multi-device, instant, cheap, scalable, and even more reliable.
20/
So that is all... feel free to use this thread to answer anyone that asks why Dash is getting some attention this week "all of a sudden". It's been years in the making.
So that is all... feel free to use this thread to answer anyone that asks why Dash is getting some attention this week "all of a sudden". It's been years in the making.
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