joshua/dash-website
1
0
Fork 0
mirror of https://github.com/seigler/dash-website synced 2025-07-27 07:16:10 +00:00
Code Issues Projects Releases Packages Wiki Activity Actions
dash-website/_i18n/en/_posts/2016-06-02-dash-the-original-dao.html
Perry Woodin ad056aa1cb Fix/html (#13) 
* Remove style-guide from i18n builds

* Remove uncategorized from CN blog posts.

* Team images and alt attributes.

* Fixing language linkage

* Ignore missing or empty alt tags

* ignore sass-cache

* fix gitignore for sass-cache

* fix gitignore for sass-cache

* Only show language dropdown if the page is not a post (blog)

* New url with site.lang included.

* Removed the site.baseurl var from the posts.
2016-09-12 15:25:54 -04:00

105 lines
4.2 KiB
HTML
Raw Blame History

This file contains invisible Unicode characters

This file contains invisible Unicode characters that are indistinguishable to humans but may be processed differently by a computer. If you think that this is intentional, you can safely ignore this warning. Use the Escape button to reveal them.

This file contains Unicode characters that might be confused with other characters. If you think that this is intentional, you can safely ignore this warning. Use the Escape button to reveal them.

---
layout: post
title: 'Dash: The Original DAO'
date: 2016-06-02 03:22:31.000000000 -04:00
type: post
published: true
status: publish
categories:
- General
tags:
- algorithm
- altcoin
- anarcho
- anonymity
- api
- applications
- bank
- bitcoin
- bitcoin2.0
- Blockchain
- code
- coding
- Cryptocurrency
- DAO
- Darkcoin
- darksend
- Dash
- decentralised
- DigitalCash
- encryption
- Ethereum
- EvanDuffield
- finances
- FinTech
- freedom
- independantbanking
- instanttransactions
- libertarian
- masternode
- mining
- mobile
- network
- payment
- PaymentSystem
- privacy
- processor
- programming
- software
- system
- technology
- trading
- tutorial
- unbank
- whatisdash
- x11
- zeroconfirmations
meta:
_edit_last: '20'
_oembed_a6b9c9d4199f07c3cda3b5767d65a867: "{{unknown}}"
_oembed_3c02cac3db90775e90f69184e462b0a7: "{{unknown}}"
_et_post_bg_color: "#ffffff"
_et_post_bg_layout: light
_et_pb_show_title: 'on'
_et_pb_post_hide_nav: default
_et_pb_page_layout: et_right_sidebar
_et_pb_side_nav: 'off'
_et_pb_use_builder: ''
_et_pb_ab_bounce_rate_limit: '5'
_et_pb_ab_stats_refresh_interval: hourly
_et_pb_old_content: ''
_et_pb_enable_shortcode_tracking: ''
_et_pb_custom_css: ''
_et_pb_light_text_color: "#FFFFFF"
_et_pb_dark_text_color: "#666666"
_et_pb_content_area_background_color: ''
_et_pb_section_background_color: "#FFFFFF"
_webdados_fb_open_graph_specific_image: ''
_encloseme: '1'
author:
login: tungfa
email: press@dashpay.io
display_name: tungfa
first_name: Philipp
last_name: Engelhorn
---
<p><a href="https://www.dash.org/wp-content/uploads/2016/06/ph0p3ia.jpg"><img class="alignnone size-full wp-image-5124" src="/assets/ph0p3ia.jpg" alt="ph0p3ia" width="600" height="450" /></a></p>
<p><b>The rise of Ethereum’s The DAO is certainly cause for excitement. However, for <a class="internalLink" href="https://www.dash.org/">Dash</a>, the prospect of successfully operating a decentralized autonomous organization is already old news.</b></p>
<p>Created in 2014 by Evan Duffield as “Darkcoin,” Dash quickly grew from a platform for highly-anonymized transactions to a full service network for payments, project funding and decentralized governance by protocol.</p>
<p><b>Dash: Two Years Ahead</b></p>
<p>With all the talk about The DAO, people seem to have forgotten — or simply don’t know — Dash has been providing DAO-like services for a couple of years.</p>
<p>With its Decentralized Governance by Blockchain (DGB) functionality, anyone can propose changes to Dash. Masternode owners host monthly votes on these proposals, which range from marketing and community-based decisions to direct modifications to Dash protocol.</p>
<p>Dash’s project budget is funded by 10 percent of the block reward, which is entered into a fund that can be used to finance Masternode-approved projects.</p>
<p>Unlike The DAO, Dash funds its projects with money internal to the network, produced by miners, and controlled at the protocol level by Masternodes.</p>
<p>This method of funding promotes network strength, creating a positive feedback loop of internal capitalization that gets injected right back into the system for projects to improve the protocol.</p>
<p>The DAO, on the other hand, operates on a system of conflicting incentives, which could set the organization up for bouts of massive devaluation and ether dumping.</p>
<p>By requiring people to purchase DAO tokens with ether, the organization has also set up a system that turn DAO voting rights into a tradeable commodity, opening the door to crypto-token trading and other similar perils, vulnerabilities like pump and dump schemes, fraud and theft.</p>
<p>DAO tokens could even become more of a target for speculative day traders than those with genuine interest in voting and developing new projects.</p>
<p>Meanwhile, Dash, with its “internalized” system facilitating voting across Masternode owners, pushes forward project funding decisions to protocol questions without disruption.</p>
<p><strong>Read Full Story at :</strong></p>
<p><a href="http://bitcoinist.net/dash-original-dao/">http://bitcoinist.net/dash-original-dao/</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
Reference in a new issue View git blame Copy permalink