Tanking the ROI on their collateral due to pushing the reward ratio way past the point of diminishing returns does not seem to be a very optimal way of doing that.

We are number 82 and falling. Soon be a Page 2 crypto.

DCG now pulling an impressive global audience of all of 45 people for the quarterly report. (They should contract my local street busker to present it. He has a bigger pull).

Well, being that you're the poster-boy for Dash recklessness I would expect nothing less 

Thank you for mentioning this Pang, and please if you can support by voting NO on the DCG Compo proposal, that would be amazing and to anyone else, Tok, please vote NO to DCG Compo proposal this month to send the message that the MNOs would like Ryan to announce a transition plan as he steps down from role of CEO.

Cheers !

Go beg Elon Musk to install the wallet on his smartphone and show it to everyone on Twitter.
Make a publicity stunt for the world!

The rot set in for Dash when toxic discord carried out the coup on TaoOfSatoshi moderated Discord which until that point had been a fairly broad church. It was all downhill from there as the centre of mass of policy making tipped into a MN whale DCG dominated axis who's centrifugal force threw off all known creatives, visionaries and challenges to core Dash orthodoxies such as "give as much free Dash to masternodes as humanly possibly even if they do nothing to earn it and even if it chronically tanks the marketcap".

That has left us where we are today: with an endemic economic problem, golf club politics and a number 80 ranking.

No amount of "marketing" can counteract the undermining effect of feeding coin to holders en-masse at zero price. It's simply a corruption of the core business model of mined crypto and problems will remain until those headwinds are lifted.

Store-of-value 101 for mined coins. Understood by everyone except a tiny exclusive group of Dash holders and policy makers.

No we are not.

Ryan is a manager. Ok it was his suggested policy and I didn't agree with it but at least he had one. My problem is with the masternodes not understanding the core business model behind their own investments and the nature of the fundamental capital flows that underpin it. In particular the role of "hashrate" as a currency medium in its primary market and the role of miners as "brokers" rather than sellers.

I would imagine being CEO of DCG is somewhat of a no-win thankless task. Lots of bureaucratic drudgery, hiring and firing of people, studying the minutiae of regulatory compliance frameworks, structuring companies and so forth. I can't see many people wanting to do it with such sustained dedication.

Looks to me like DCG signed NDAs with partners and Ryan was simply trying to plug leaks so they wouldn't be exposed to contractural litigation. I'd probably be over-paranoid about that too if I was in that position, specially as the CEO. So he ran a tight ship with regard to leaks and talking to the press. Who cares ? It's not exactly a firing offence - we can all see what's happening to Dash in the markets and the developers have at least given a good account of themselves. Professional due diligence vs golf club politics.

The bottom line is this: none of this really matters very much when the protocol already wastes nearly $2 million per week trying to incentivise stakeholders through an income stream which simultaneously drains the primary market of the bids that collateralise the capital value of their holdings. To win, Dash must deploy ALL the firepower at its disposal, every last ounce of it. There is no room for unearned income and anyway the "unearned income" that DCG and other contractors get is nothing compared to the unearned income of the masternode network.

Changing the CEO isn't going to change that.

Pang, you raise some good points and like you I am dismayed that the DCG_Compo proposal appears to be passing.  The issue as I see it is that there are too few good men left in Dash.  All the people that would have voted NO on this proposal with us have already sold and left.  This leaves a concentration of fools that actually agree with the (in)actions of the DCG CEO Ryan Taylor.  It is really hard getting the required votes to make the change.  What I expect will happen is if this proposal passes, some of the NO voters will give and up sell and DCG's approval rating will rise.  Ryan will celebrate himself and point to the super majority of yes votes as confirmation he is doing a great job.

I am missing something. How does voteing NO to the DCG_Compo proposal equals a step down of the CEO Ryan?
Wouldn't a NO more simple mean all devlopment is halted because no one gets payed anymore for doing anything?

I never really saw Ryan as a fit for DASH's CEO and I sure had preffered another one more like Evan has been but also say Ryan steps down and a new one comes in how do you expect that to change anything? Usually when a CEO replacement cycles begins in a company it is the very end of said company. Experienced this enough already. The company will be bought by some one and trashed and left as a shadow of what it was before puped controlled or die in complete.
Sure if you find the "right" one ... but that ever happening would be a novoum to me.

I never voted and I guess a lot do not vote because it is not so easy (*). Whenever I tried it it didn't work and then there was never a reason for me to really vote with exception of maybe the miner reward ratio to really bother enough to get it working. Last I know is that I couldn't generate an explicite voteing address for the MN because it was not supported. So shrug. Had enough to do to get those MNs working again after moocowmoo left them for dieing.

You see I am a potential sleeping voter like probabily others and could be activated if triggered correctly when there is something really important. However I guess I stay out because I do not see how a NO vote leads to anything improveing the current situation.


(*) My main problem is that I can not vote from the MN collateral value simple because it is offline encoded and stored and not simple at all to access. It's a day work at least and then there is eighter taking the risk to bring it online which is a no go for me or work with offline signation. Very unpracticable.

So the only way I am going to vote if I can do it from a normal empty DASH Client without the collaterals. I am not up to date anymore if this is possible now. If so I can give it a try.

You guys are still bickering about this crap coin?  I guess someone has to go down with the ship.

Here's something to think about.

On 12/16/2017 BTC was around $19,000 US dollars and DASH was around $1,100

Today 02/22/2022 BTC is around $38,000 US dollars and DASH is around $92

BTC has increased 200% while DASH has decreased to about 7% of the value it had back in 2017.

I'm still waiting for DASH to overtake BTC.  Is there a date for that to occur?  Just exactly what functions are these Masternodes performing these days?

What about all the Real World Adoption that was coming?  Didn't you guys get the memo?  You can't have real world adoption when all of the coins are in the hands of a couple dozen individuals.  

Once again, the Dash network has shown that it is capable of organizing itself in a short time to democratically make known who does or does not do things in the way that the network itself considers correct.

Ryan's resignation is something that perhaps should have happened differently.

I always said that to ratify you in a relevant position within Dash, it is the DAO itself who has to choose it.

Evan at the time "ran away" from Dash and left Ryan to carry out his duties, but it was not done in a democratic way. It was an inherited position.

If tomorrow the DAO democratically elects one or more people to run DCG, and Ryan himself stands for those elections and is elected, it will be the dash network that has ratified him, and it will be the dash network that bears the consequences.

In this new time that is beginning, new candidates will appear to be in charge of DCG, they may be new faces or old acquaintances... that is indifferent. The really important thing is to make it clear that it will be the MN who will vote, and that vote should be ratified every two or three years, indisputably.

Some think that Dash has lost, but no, he has not lost. It has shown once again that the network is free to choose, giving a wake-up call to the main person in charge of DCG.

This would be unthinkable in currencies like ETH for example.

In the long run we will be stronger.

The question remains of knowing what would have happened with a Dash price of $500

Greetings and best for you. Health