Tag Archives: Dash Digital Cash

Dash Spotlight: Dash Is Helping Solve Hyperinflation in Venezuela

Welcome our Truth In Media spotlight on Dash Digital Cash.

Venezuela’s economic crisis is infamous across the world. But could Dash Digital Cash be a solution to that problem?

The South American country has been plagued by never-ending inflation and devaluation of its central currency, the bolivar.

As we reported on Reality Check, the Venezuelan government recognizes the opportunity with cryptocurrency to solve its economic problems. But their approach is the petro, a cryptocurrency essentially backed by oil, not the blockchain. Take a look.


In that episode, we reported, “The two major selling points of blockchain are radical transparency and decentralization, meaning no one can manipulate the supply or the transactions, including the government. And it’s those two aspects of blockchain that governments are not fans of.”

So what can the people of Venezuela do to solve this problem? A group of citizens have discovered the power of Dash Digital Cash to advance genuine, long-term solutions.

The Dash Venezuela project, led by an organization called Dash Caracas, was launched in 2017 by Eugenia Alcala Sucre. She saw the currency’s potential to help Venezuelans break free from government currency and achieve real prosperity.

A proposal was submitted to the Dash Treasury last year to finance a series of educational conferences, aimed to teach Venezuelans, step by step, how to use Dash Digital Cash as a much-needed alternative to government issued money. It easily gained the votes necessary to fund the project.

The results have been promising, with now 15 Dash communities within the Dash Caracas organization.

In less than a year, more than 4,000 people have attended these educational conferences. And the number of entrepreneurs accepting Dash as payment has grown to over 100.

These conferences are an inspiring example of effective outreach, supporting widespread adoption of Dash use throughout Venezuela.

Be part of the revolution and start using Dash Digital Cash today.

Dash Spotlight: Enabling a Better Life for Kids in South Africa

Welcome to our Truth In Media Sponsor Spotlight on Dash Digital Cash.

This Dash Spotlight highlights one of a number of grassroots efforts by the Dash community: the Dash Leopards soccer school in South Africa.

The Dash Leopards are working to enable a better life for kids in South Africa through sports, education and social activities.

Dash has allowed the soccer program founder, Coach Ricardo, and the other coaches, to use soccer as a tool to help the players with life skills.

The Dash Leopards program also offers tutoring to help children with their schoolwork, and they’re learning about healthy food and nutrition, receiving snacks and smoothies prepared with fresh ingredients.

Dash Africa’s community outreach efforts have brought awareness of Dash across the African continent, a place where Dash can truly thrive due to Africa’s large numbers of unbanked individuals, who are familiar with using mobile phones for handling money.

Cryptocurrencies like Dash are a natural fix for the continuous problems with the devaluation and corruption associated with fiat currency. Fortunately for Africa, Dash is a decentralized currency that holds value across the globe.

Be part of the revolution and start using Dash Digital Cash today.

Dash Supporting Healthy Communities in Africa

Dash Africa is one of a several grassroots efforts coming from the Dash community. The grassroots efforts in places like Africa take community outreach to the next level while increasing awareness of Dash around the globe.

Dash Africa is supporting the Dash Leopards soccer team; they are working to enable a better life for kids in Africa through sports, education, and social activities. Thanks to Dash, soccer program founder Coach Ricardo— along with the other coaches— use soccer as a tool to help the players achieve comprehensive life skills.

The Dash Leopards program also offers tutoring to help children with their schoolwork. They’re learning about healthy food and nutrition and preparing snacks and smoothies prepared with fresh ingredients.

Dash Africa’s community outreach efforts have brought awareness of Dash to the African continent, a place where Dash can flourish due to Africa’s large numbers of unbanked individuals who could benefit from digital currency.

Cryptocurrencies like Dash are fit particularly well with countries dealing with continuous problems stemming from devaluation and corruption associated with fiat currency. Dash Force News notes that Zimbabwe has been dealing with hyperinflation of their currency since 2009 and at one point destroyed their currency altogether. In developing countries, many would prefer a decentralized, secure, and valuable currency than the insecure fiat alternative.

The Kuva project is another initiative funded by the Dash community; this project is working with Zimbabweans to use Dash as their currency, rather than foreign fiat currencies. With Dash, the people of Zimbabwe can now have a secure place to store value, cheaper transaction costs, and a more reliable way to transact.

Cryptocurrencies like Dash will be needed now more than ever in areas like Zimbabwe. CCN recently reported that the Reserve Bank of Zimbabwe has “banned financial institutions in the country from processing cryptocurrency transactions for cryptocurrency traders and investors despite growing interest in digital monetary assets in the country.”

CCN further reported that “in order to safeguard the integrity, safety, and soundness of the country’s financial system, and to protect the public in general, all financial institutions are hereby required to ensure that they do not use, trade, hold and/or transact in any way in virtual currencies.”

As the central banking attempts to dictate how the people of Zimbabwe secure their money, efforts like Dash Africa, the Dash Leopards and the Kuva Project will be needed to not only raise awareness about alternative options and provide valuable programs for youth, but to help in freeing everyday transactions from centralized banking systems. Given that Zimbabwe has a history of an unstable currency and financial system, this step has become crucial.

Editor’s note: Dash Digital Cash is the exclusive sponsor of Reality Check and the Truth in Media project.

Dash Spotlight: Living With Digital Cash in Portsmouth

Welcome our Truth in Media sponsor spotlight on Dash Digital Cash.

Dash Digital Cash is the exclusive sponsor of Reality Check and the Truth in Media project.

This edition of our Dash Spotlight features Joël Valenzuela, who is living a cash-free life in Portsmouth, New Hampshire thanks to Dash Digital Cash.

Valenzuela, the editor of Dash Force News, was recently featured on CNN about living a completely cash-free life in Portsmouth. He’s able to pay his electric bill, pay his rent, and live off Dash alone.

Portsmouth has become the hub of the cryptocurrency movement in New Hampshire. The town of 22,000 currently has 22 locations that accept cryptocurrency as payment, including the Free State Bitcoin Shoppe that attracts customers from the high traffic tourist area and helps them open their first cryptocurrency wallet.

Dash Digital Cash has 18 Dash accepting locations in Portsmouth and 42 across the state of New Hampshire. A strong and active Dash micro-economy is thriving in Portsmouth and across the state of New Hampshire.

Unfortunately, CNN failed to fully explain the scope of what’s happening in Portsmouth and with individuals like Valenzuela. The CNN segment made it sound as though cryptocurrencies like Dash only hold value within the Portsmouth micro-economy.

This is far from the truth. What the mainstream media fails to understand is Portsmouth is just the beginning of cryptocurrencies, like the massive adoption of Dash.

Because unlike local currencies such as “berkshares” and “equal dollars” which only hold value within their communities, cryptocurrencies like dash hold value across the globe.

Be part of the revolution and start using Dash Digital Cash today.

Portsmouth: New Hampshire’s Digital Currency Hotspot

New Hampshire has become home to an impressive number of cryptocurrency-accepting businesses, with several businesses embracing the decentralized benefits of cryptocurrency by offering common payment options such as Dash, Bitcoin, and Bitcoin Cash.

You can find the hub of this movement in the town of Portsmouth, New Hampshire, which is described as “Bitcoin Village.” A significant feature of this village is the Free State Bitcoin Shoppe, a store attracting customers from high-traffic tourist areas nearby with their unique crypto-related and liberty-centric goods. However, tourists quickly learn that they can’t purchase anything in the store with cash, which provides an opportunity for the proprietors of the Free State Bitcoin Shoppe to step in and educate newcomers.

The shop founders, Derrick J. Freeman and Steven Zeiler, have a mission to “change the money that people use.” In a Q&A with the Free State Project, Freeman said that “if customers come in, set up a free wallet on their phone, and leave, I’m happy that they took a step toward greater financial freedom. Success is people using cryptocurrency at stores other than our shop.”

Zeiler has also developed a system for local businesses to accept various cryptocurrencies as payment. AnyPay.global is a new POS system spreading quickly and flourishing in the Portsmouth area.

“Like most people who use cryptocurrency, Steven and I have long dreamt of a physical retail shop that accepts cryptocurrency exclusively,” Freeman noted in the Q&A. “So, in a sense, this idea has been brewing for almost a decade. After years of waiting, we decided that if no one was going to do it, then it would have to be us. After deciding to open a crypto-only shop, the implementation was almost immediate.”

Freeman also discussed in the Q&A how the shop helps introduce new users and facilitate sustained use of crypto:

“In under five minutes, we help them (customers) download a digital wallet on their phone, turn their cash into crypto, and take payment. Everyone leaves feeling good. Most people have long been waiting to try bitcoin, but they’ve never had someone hold their hand while they do it. Those who don’t want to either don’t have the time or the interest. That’s to be expected. Not everyone wants bitcoin. Some people are perfectly happy with a money that funds wars and loses purchasing power every year.”


Freeman and Zeiler have had nearby businesses inquiring how to accept cryptocurrency. The Free State Bitcoin Shoppe provides a directory that lists a number of merchants accepting cryptocurrencies in the city, even specifying which forms of cryptocurrencies are accepted.

New Hampshire’s vibrant cryptocurrency community can be thanked in large part to the Free State Project, a liberty-minded movement of individuals looking to explore and work toward a free society. The movement has led to one of the most cryptocurrency-friendly places in the world, with a high acceptance and use of cryptocurrency among the Free State community of 4,352.

The New Hampshire cryptocurrency community played a critical role in the passing of a state law that exempts digital currency from the state’s money transmission licensing. Even though state regulators showed opposition, the bill passed due to strong grassroots support. The crypto supportive policy has attracted startup companies such as LBRY as well as Anypay.

A popular cryptocurrency to highlight within Portsmouth is Dash, which bears support from local businesses. According to DiscoverDash, there are 22 locations in the town accepting Dash. The entire state of New Hampshire has roughly 1.3 million inhabitants and features 54 Dash-accepting businesses, supporting a strong and active Dash-friendly micro-economy.

Joël Valenzuela, editor of Dash Force News, was recently featured on CNN illustrating living a cash-free life. Valenzuela is paid in Dash and is able to make nearly all his purchases with Dash, including primary living expenses like bills and rent.

However, CNN appeared unaware that Portsmouth is only the beginning of cryptocurrency adoption and more experiences like Valenzuela’s are likely to come about. Unlike local currencies like “Berkshares” and “Equal Dollars” which only hold value within their communities, cryptocurrencies like Dash hold value across the globe.

Editor’s note: Dash Digital Cash is the exclusive sponsor of Reality Check and the Truth in Media project.

Reality Check: What Venezuela’s National Crypto Means for Decentralization

President Trump recently announced a ban on Venezuela’s new national cryptocurrency, the petro.

That’s right—Venezuela created its own national crypto, possibly to circumvent U.S. sanctions.

But could the petro do more than that, and actually catalyze government-controlled cryptos around the world?

This is a Reality Check you won’t get anywhere else.

President Trump signed an executive order March 21 banning all transactions involving digital currency issued by the Venezuelan government, after it began pre-selling its own cryptocurrency, the petro, in February.

The petro differs from other cryptos because, according to the Brookings Institute, “The price of one petro is pegged to the price of one barrel of Venezuelan oil…” and “the petro/bolivar exchange rate … includes a discount factor determined by the Venezuelan government.”

By making that distinction, the Venezuelan government is now responsible for managing multiple currency systems simultaneously, creating what Dash Force News Editor Joël Valenzuela described as “an accounting nightmare.”

But isn’t cryptocurrency supposed to make accounting for transactions easier?

Well, actually it’s not the cryptos but the tech they’re built on. A few episodes back, we discussed how cryptocurrency is backed by radical transparency due to the power of the blockchain.


Rather than being backed by radical transparency and being a “trustless system”, as Valenzuela called it, the petro is essentially “fiat crypto.”

“When you back it with something that doesn’t have transparency, you have to trust the party that is providing the assets that back the coin,” according to Valenzuela. “It ruins its original value proposition.”

So why would Venezuela create the petro in the first place?

Once a crypto is a national currency, it’s subject to many tariff barriers and, in some cases, sanctions. Which is why President Trump made the first major national decision by the U.S. to ban a cryptocurrency. But cryptos like Dash aren’t tied to a government and weren’t created to bypass sanctions.

Once the richest nation in Latin America, Venezuela had suffered wild inflation, plummeting the standard of living and causing uproar from poverty stricken citizens. Many Venezuelans facing economic hardship are putting pressure on the government to stop the bleeding.

Anything to ease their suffering in the short term will be a boon to the tyrants, according to Valenzuela. But because the petro is not truly backed by trustlessness, critics say the government crypto won’t last long. And that presents a challenge to other governments considering creating their own cryptos.

Russian President Vladimir Putin already announced his government will issue its own CryptoRuble, likely sometime in mid-2019, according to CoinTelegraph.

The CryptoRuble is supposed to be directly tied to the ruble, issued by the Russian government and could not be mined.

More governments are likely to investigate the benefits of state controlled blockchain technology.

But remember, the two major selling points of blockchain are radical transparency and decentralization, meaning no one can manipulate the supply or the transactions.

And it’s those two aspects of blockchain that governments aren’t fans of.

Recently Congressman Brad Sherman of California read a statement that called cryptocurrencies “harmful,” and appeared to accidentally admit that cryptocurrency reduces government control of our currency. He said, “It hurts the U.S. government in two ways. Our contr… …our ability to have the US dollar be the chief means of international finance is what has underpinned our ability to impose sanctions…”

So Sherman doesn’t like the lack of “contr…” that the government has over crypto.
But on the other hand, imagine if the U.S. decided to use blockchain to track how our tax dollars are spent. Remember when the Pentagon admitted earlier this year that it couldn’t account for hundreds of millions of dollars?

What could help prevent data loss like this? The blockchain.

Corporations are already testing out the tech to prevent major data breaches like what happened to Target, Home Depot, JP Morgan, Anthem and others.

John Oliver explained the power of the blockchain in a recent episode of his show “Last Week Tonight.” He said, “The blockchain… a database that is nearly impossible to hack or tamper with, and which could possibly improve security, efficiency and trust. That is why big companies like Wal-Mart, IBM and JP Morgan have all been experimenting with blockchain as a way to potentially share and secure data transactions in a reliable, easy to access way.”

So what you need to know is that the blockchain presents an opportunity for governments to create a more transparent financial system. But Venezuela isn’t really doing that with the petro.

The crypto market has and will continue to fluctuate. Some crypto will disappear, some will stick around.

The question is, who is going to control the crypto? If governments do… they will take away the freedom of crypto… but if crypto currencies remain decentralized, then we will be able to keep a radically transparent financial system for the people.

That’s Reality Check. Let’s talk about that, right now, on Twitter and Facebook.

Dash Spotlight: How Dash Operates As a Money-As-A-Service Business

Welcome our Truth in Media spotlight on Dash Digital Cash.

Dash Digital Cash is the exclusive sponsor of Reality Check and the Truth In Media project.

In the first Dash Spotlight, I reiterated that Dash is a revolutionary cryptocurrency that will change the game for everyone.

So how is Dash Digital Cash revolutionary? Well, Dash Digital Cash operates as a money-as-a-service business. This is what separates it from other cryptocurrencies built on the blockchain.

Dash is run by a decentralized, autonomous community of people from around the globe. To operate as a money-as-a-service business, members of the Dash community decide on projects to fund that will increase the use of Dash, and make a difference in the world.

Here’s how it works: instead of other blockchain based networks giving 100% of each new crypto coin to miners, Dash Digital Cash divides its block reward, or unit of Dash, into three different parts:

45% goes to the Dash miners, or nodes, 45% goes to masternodes, and 10% goes to the treasury.

We’ll explain nodes and master nodes in the next Sponsor Spotlight. For now, let’s focus on the treasury.

The Dash Treasury is a pool of Dash Digital Cash allocated to support the growth of Dash, fund independent media, like Reality Check and Truth In Media, and help facilitate innovation in different industries that can solve big problems.

Be part of the revolution and start using Dash Digital Cash today.

Dash Spotlight: The Sole Reason Why Reality Check & Truth In Media Are Back

Welcome to the first episode of our Sponsor Spotlight on Dash Digital Cash.

As you may know, Dash Digital Cash is the exclusive sponsor of Reality Check and the Truth In Media project.

After a year “in the dark,” the only way I was able to bring back Reality Check and the Truth In Media project, was through the support of Dash Digital Cash, which I’ve described as a revolutionary cryptocurrency that will change the game for everyone.

In the next Sponsor Spotlight, I’ll explain how that funding was made possible through the unique way Dash Digital Cash operates as money-as-a-service business.

But first, how do you use Dash Digital Cash? Well, it works just like cash.

It’s transferred instantly, in just one second, and is completely anonymous. It costs less than 1 cent to send Dash, regardless of the size of the transaction. One second, less than 1 cent.

The easiest way to buy Dash Digital Cash is on Uphold.com, as explained in the video below:

You can also purchase Dash Digital Cash on exchanges like Bittrex and Poloniex.

To hold and spend small amounts of Dash Digital Cash, you will need a mobile wallet. Dash Digital Cash has mobile wallets available for download in the Apple App Store and on Google Play.

Remember—always consider the amount of Dash you carry and the necessary security measures to protect your crypto.

So where can you use Dash Digital Cash? CheapAir, Overstock.com and BitCart are some of the most popular places Dash Digital Cash holders spend their crypto.

Be part of the revolution and start using Dash Digital Cash today.

Dash Core Group Hires CFO, Relieves Growing Pains

(Dash Force News) The Dash Core team has hired a new chief financial officer to take over financial duties in the rapidly growing organization.

This week the Core team announced the hiring of Glenn Austin as the new CFO. Austin has nearly 20 years of experience in the finance sector, having worked for companies such as Chain IQ, UBS, Morgan Stanley, and Citigroup. According to Austin, his interest in involvement with Dash involves what he sees to be the future of Dash as a globally dominant form of money:

“My interest in the cryptocurrency space has spanned several years, and in that time I’ve found Dash to be one of the most promising projects in the space. Dash’s unique decentralized governance and treasury model has positioned it to be a dominant force in the cryptocurrency space, and I fully believe within the next decade it will become the primary digital currency for payments at retailers globally.”

A further measure to address Dash’s growing pains

The hiring of a new CFO will assist the constantly growing Core team in maximizing its effectiveness. According to Dash Core CEO Ryan Taylor, Austin has the necessary competencies to make this a reality:

“Glenn is a highly-skilled financial professional with well-rounded experience spanning strategy and operations, and after an extensive search we’re confident that he is the right person to enable Dash’s continued growth. His role will help the Dash Core Group optimize its growing operations and manage financial risks within the decentralized governance system that has set the Dash project apart. I’m looking forward to working with Glenn in the years ahead.”

Since early 2017, Dash has grown at a significant rate, as the price rise from around $10 to over $1,600 over the course of a single year led to a significantly larger monthly treasury. As such, the responsibilities of the Core team have grown along with its abilities, leading to growing pains
dealing with the increasingly large ecosystem. The hiring of a new head of business development earlier this year helped offset the burden on the CEO and others dealing with business integrations, and having a full-time CFO may similarly improve Dash Core’s financial turnaround times as well.

Dash’s budget has become extremely competitive

Demands have increased for the Dash treasury at a frenetic pace. At present, over $2.6 million are available monthly to spend to further the ecosystem, or 6,176.72 Dash. Of this, 9,641.05 Dash, or over 156% of the available budget, has been requested this cycle, with nine days left in the voting deadline at time of writing. While a significant portion of requested funds will not be funded this cycle, in future cycles, especially with potential price increases, the ecosystem appears primed for further growth and expansion.

Reality Check: Is Crypto Backed by “Radical Transparency”?

Unless you have been hiding under a rock, you’ve been hearing about cryptocurrency, Bitcoin and dozens of coins as being either the future of currency, or causing the biggest bubble ever.

One of the biggest criticisms of cryptocurrency is that it’s just made up money, that it’s not backed by anything.

But is that true?

What if I told you that crypto, unlike dollars or even gold and silver, has the greatest backing of all: radical transparency.

Let’s give it a Reality Check you won’t get anywhere else.

Radical transparency. In the spirit of radical transparency I should mention once again that Reality Check and Truth in Media are exclusively sponsored by Dash Digital Cash, which is of course, a cryptocurrency.

Cryptocurrencies are in the news every day, from Bitcoin’s meteoric rise in December to over $19,000 a coin, to the drop in February to below $7,000. You’ve heard everything from how crypto is the future, to crypto is a scam. The biggest bubble since the Dutch tulip bubble which burst in the year 1637. Yes, it happened. And yes, that comparison is being made in media.

One of the biggest complaints in media about crypto is that it is simply made up money. It’s not backed by anything.

Not like dollars and gold. But is that true?

The U.S. dollar came off the gold standard in 1933 and then fully abandoned it in 1971 under President Nixon.

By 1973, the U.S. had entered into agreements with Saudi Arabia to create the petrodollar. they agreed to use American dollars for paying against oil contracts.

Oh yes, oil. The “fuel of the future” is what backs the U.S. dollar?

Maybe not. Maybe it’s something completely different. Peter Thiel puts it this way:

“You will not be able to pay your taxes in bitcoin. You have to pay them in dollars. If you don’t pay them with dollars, there will be people who will show up with guns to make you pay them.”

From the Daily Reckoning: “Coercion is what holds the u.s. dollar system together. ‘tax-driven money’ is the phrase that economists use to describe the theory. it applies to all sovereign currencies.”

Though, as we have reported at TruthInMedia.com, three states are now considering state taxes to be paid in crypto.

So what about commodity-backed currency, like gold or silver? At least there is a physical asset there, right?

The use of precious metals as money goes back nearly 3000 years.

According to Ross Ashcroft’s Renegade Inc., the founder and chairman of Goldmoney “James Turk argues for a return to the gold standard because ‘only gold is outside the control of politicians’. That may be true, but it’s not outside the control of mining corporations, whose interests are unlikely to coincide with those of the wider population.”

And while gold has a fixed supply that can’t be inflated, it also hasn’t been easy to audit.
And that brings us to cryptocurrency.

With crypto, you know exactly how much is out there, where it all is, and how often it moves.

Forbes Magazine writes:

“…Vanguard founder Jack Bogle and Nobel Prize winner Professor Joseph E. Stiglitz from Columbia University. They have both attacked bitcoin saying that it’s a “bubble,” comparing it to many dotcom companies that were really shell companies offering little value and not ‘backed by anything.’ Stiglitz actually went so far to say bitcoin should be outlawed and said it doesn’t serve any useful social function.”

No useful social function? That argument is really not true.

Cryptocurrencies like Bitcoin, Dash, Ethereum, Litecoin, Ripple, Bitcoin cash, and many others are backed by blockchain technology. And blockchain creates radical transparency through antifragile decentralization.

In other words, blockchain is a secure digital ledger and a distributed database, tracking transactions anonymously and replicating them to prevent data loss. It’s nothing like the trust we instill in our current financial system, which explains its useful social function.

Joel Valenzuela from Dash Force News explains:

“The whole point of a secure public ledger for financial transactions was to remove the need for trusting an institution like a bank to not only hold your money, but also maintain an accurate copy of all transactions and not engage in financial trickery.”

Now let that sink in. The power of blockchain, upon which most crypocurrency is built, is to actually be able to securely remove the financial middleman.

The mysterious Satoshi Nakamoto, in his whitepaper, writes:

“The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the ‘tape,’ is made public, but without telling who the parties were.”

The goal of true financial privacy is to break the link between an open and auditable network and true identities of the users.

Blockchain technology is facilitating this, allowing even silver currency transactions to be stored as is done by lodecoin.

It’s the power of blockchain that creates what Valenzuela calls “trustlessness.” For instance, Dash Digital Cash does this by “trustlessly mixing funds with a few other parties so that an anonymized transaction can’t be linked back to you, all the while keeping everything publicly visible. There’s incredible value to being able to maintain privacy while keeping the main advantage of cryptocurrency: trustlessness.”

What you need to know is that word, trustlessness, is a powerful one.

So I’ll say it again… trustlessness. Valenzuela says it better than I can, so I will quote him here.

“You don’t have to trust that the network is being used in a certain way. You don’t have to trust that it’s well-distributed, and no one party (or small group of parties) controls a very small portion of the supply. You don’t have to trust any developers or administrators to tell you that the network is running fine. You can see for yourself.”

Radical transparency.

That’s Reality Check. Let’s talk about that right now on Twitter and Facebook.

Press For Truth Interviews Ben Swann at Anarchapulco

During the 2018 Anarchapulco conference, Ben Swann was interviewed by Dan Dicks of Press for Truth. In this interview, Ben and Dan discussed Ben’s hiatus, his departure from mainstream media and return to independent journalism; the two also chatted about the revival of Reality Check and Truth In Media and how Ben’s return to independent media was made possible with an exclusive sponsorship with Dash Digital Cash.

Ben Swann Interviewed on World Alternative Media

Ben Swann was interviewed by Josh Sigurdson of World Alternative Media during the 2018 Anarchapulco conference. In the interview, Ben and Josh discussed the strength of independent media, as well as Ben’s return and how sponsorship with Dash Digital Cash has allowed Ben the freedom to create truly independent content.

The Crypto Show Ben Swann Returns With Dash Powered Reality Check

(The Crypto Show) On tonight’s episode of “The Crypto Show,” our first guest is the great Ben Swann, who returns from a media hiatus to jumpstart some new media projects.

We talk about how Ben got into crypto and Dash in the first place, and then Ben fills us in on the plans for using the funds from his successful Dash proposal to reignite his career of making the same kind of thought-provoking media content that has been disrupting and challenging mainstream media for years. We also talk about his speaking engagement at Anarchapulco.

Our second guest is activist Alma Summers. She tells us about her family’s plans for an open-ended sailboat journey, and the interesting story of how they were able to procure their boat in the first place. She also talks the voluntaryist Jackalope Fest, which is celebrating its 7th year and which she helped found with Ernie Hancock. We also talk about her involvement with BitNation and her speaking engagements at Anarchapulco and Libertopia, as well as the post-Anarchapulco Bitnation event.

Dash Core Group Becomes First Legally DAO-Owned Entity

(Dash Force News) Dash Core is now legally owned by the Dash decentralized autonomous organization (DAO), a cryptocurrency first.

Unlike many other top cryptocurrency projects, Dash is a DAO, an organized and self-funding entity that nonetheless has no central authority and is open to participation from anyone. To solidify this theory in practice, Dash Core Group, the legal entity for Dash’s development team, set up a legal structure representing the network, which now owns Dash Core Group. According to Dash Core CEO Ryan Taylor, this is a first, and solves many issues involving trust of a centralized party:

“To the best of our knowledge, this is the first time this particular legal structure has been established. The legal structure we created solved many issues for Dash. First, it enables DCG to grow to support the network without introducing risk that the legal entity or some set of owners of DCG could simply shut down, liquidate, and walk away with millions of dollars of assets, leaving the network with a substantial leadership and development vacuum. This also establishes a fiduciary duty back to the network, ensuring DCG is legally required to act in the best interest of the network.”

Most notably, this structure allows for a smooth transition in the unlikely event of the removal and replacement of developers and leadership:

“It also provides for a smooth transition path of the assets, organization, and human resources held in Dash Core Group should the network decide to replace its management. Taking all these benefits together, Dash Core Group is an enhanced asset for the network due to its vastly improved risk profile. This creates lower risks for funding initiatives, both those directly sponsored by Dash Core Group, as well as escrowed funds for other legal entities.”

Furthering decentralization by allowing the Core team to be network-owned

Taylor believes that this new structure allows the network to own various entities that it funds, without compromising masternode privacy, while still allowing them to directly vote on Core leadership, and have that decision legally enforced:

“The masternodes do not technically “own” Dash Core Group directly, which proved impossible to facilitate without requiring masternode owners to self-identify. There are two main benefits of company ownership – control and profits. Because DCG is not intended to generate profits, we really only needed to solve for the control issue to provide the benefits of ownership. The Dash DAO Irrevocable Trust is the legal owner of Dash Core Group, and ultimate control over Dash Core Group leadership resides with the Dash masternodes. The masternodes can feel confident that DCG leadership can be removed and replaced with another leadership team at any time they wish, through an explicit vote on the network. And the trustee must install leadership that the masternodes support.”

Decentralization is a hot-button issue in the cryptocurrency world, with many projects remaining completely open-source and volunteer driven. Subjects such as the employment by a single company of a significant portion of Bitcoin developers and controversy surrounding said developers’ scaling decisions (which ultimately resulted in the chain split to Bitcoin Cash), allegations of market manipulation by Litecoin’s founder, and similar dissatisfaction over faked announcements by Monero’s lead developer, all point to the importance of decentralized control over leadership decisions. Dash has a mechanism in place that would have proved useful in any of the three examples mentioned above.

An example for the rest of the network

While Dash Core may have been the first legal entity to engage in such an arrangement with the network, this first move may provide clarity to other Dash projects thinking of doing the same. According to Taylor, establishing legal ownership can assist in reducing the incidence of fraud or non-delivery by network contractors:

“I think this will have many benefits for the network. First, it creates a model that other contractors can consider emulating to improve their own risk profile and generate trust with the network. Second, DCG is now in a position to enter into legal agreements and escrow funds for smaller contractors, which should lessen incidences of fraud or non-delivery should the masternodes choose to hold proposal owners to a higher standard. In essence, the Dash network has a new tool at its disposal for making its investments deliver value more consistently.”

Finally, Taylor sees the specific setup as valuable for the establishment of nonprofit organizations under the network’s stewardship:

“Some legal entities serving the Dash network are doing so for profit, and that’s fine. But I believe that Dash Core Group is setting a strong example for other legal entities to follow when serving the network where profit is not the prime motive.”

Ben Swann at Anarchapulco

Ben Swann will be making a keynote presentation at Anarchapulco on Thursday Feb 15th. Bookmark this page to find updates from the conference!

Update 1:


Update 2:

Good morning from Anarchapulco!

anarchapulco ben Swann

Update 3:

Ben Swann will be speaking today in #Anarchapulco about #decentralizingthemedia. Plus, new Reality Check drops today on how U.S. Foreign Aid policy has created “s***hole” conditions in places like Haiti.


Update 4:

Ben Swann at Dash Booth

Update 5:

Standing ovation from a packed crowd.


Dash: The First DAO

(Dash Force News) The decentralized autonomous organization, or DAO is one of the most revolutionary concepts to take form in recent years thanks to advances in technology. Dash was arguably the first of such organizations, and certainly is the most successful one today, operating a rich ecosystem with significant funding. Here is a quick breakdown of the components of Dash’s DAO, and an explanation for how each concept works in practice.



As with any proof-of-work cryptocurrency, Dash’s base network runs on mining, running software to solve complex algorithms. This is used to both create new coins (diminishing over time until an eventual limit somewhere around 18 million) and run the network, processing transactions in exchange for minimal fees. In theory, anyone can be a miner and run the network. In practice, specialized machines called ASICs have a significant competitive edge in mining, and you’ll probably need one to get anywhere.

Miners receive 45% of the block reward, the newly minted coin supply.


The second part of the Dash DAO is the masternodes. These are nodes that run the second layer of Dash’s network and provide special services including instant transactions and private transactions through mixing of funds between peers. Most importantly, masternodes vote on major protocol changes and on the distribution of the treasury. Because of the importance of the masternodes, a proof of collateral of 1,000 Dash is required before operating a node. This ensures that an attacker can’t simply spin up thousands of nodes and hijack the network. In the future, masternodes will provide a host of additional functionality as Dash’s offerings expand, and as such may be required to run custom hardware.

Masternodes receive 45% of the block reward.


Finally, the key to Dash’s DAO is the treasury. This is a portion of the new funds created which can be spent monthly on anything and everything, pending a masternode vote. Originally this was mostly used to pay developers, but since then it has expanded to feed a whole ecosystem. A proposal includes text, a Dash amount, and a timeframe (most commonly a one-month, one-off duration). A net 10% of the masternodes have to approve it, meaning with 4,700 nodes it would need to receive at least 470 yes votes, 600 yes votes and 130 no votes, or any similar combination. Once passed, a proposal is paid out straight from the blockchain.

The treasury can contain up to 10% of the block reward.

How It Runs

Mining/treasury/spending ensure open participation

The most crucial element to a DAO is its decentralization, and a requirement of this is open participation. With Dash, anyone can mine to run the network and receive funds in the form of fees and new coins created. There’s no way of stopping a particular person from mining, and therefore acquiring Dash. Acquire enough of it and you can form a masternode and vote on how the network is run and how the treasury is spent, all without the permission of existing holders. Theoretically, every single person involved in Dash presently could be wiped out or otherwise censored, and the DAO would continue on. Someone could simply start mining, collect and distribute/spend Dash, form new masternodes, start putting in proposals to fund a new development team, and revive the whole network.

It’s also important to note that the incentive structure of Dash contributes to its healthy distribution. Its value is drawn primarily from its usefulness as a payments system, meaning that in order to remain valuable it will have to be spent and used in commerce, thereby distributing the funds far and giving opportunities to more people to form masternodes and participate in governance. Treasury proposals are paid out to fund various projects, which will either sell or spend Dash in order to operate, further distributing coins. Finally, both masternodes and miners both receive income from the network and incur expenses to run their operations, encouraging them to sell or spend Dash to remain operational, further distributing the coin.

Collateralization and balanced ecosystem ensure decentralization and harmony

Dash has a balanced ecosystem with many actors, but can be roughly divided three ways: miners, masternodes, developers. The development team writes the code upon which the whole network is based, and relies on both the miners and masternodes to implement the code, and on the masternodes to vote to continue to fund them. Miners run the code and process the network’s transactions, and rely on developers to write valuable code for them to run, and on masternodes to help with special functionality and make governance decisions that will bring value to the network. Finally, masternodes need miners to run a smooth network of transactions for which they can provide additional functionality, and need a strong development team to keep the network innovative and stable so as to increase the value of their investment. All three complement each other and need each other to survive.

An important principle that keeps Dash’s DAO running smoothly is collateralization. Masternodes have a significant financial stake in Dash and can’t afford to make decisions that lessen its value. Miners invest in specialized equipment to run the network, equipment which may or may not work well for mining other coins (and in the future miners may be required to hold some Dash as collateral in order to mine). Developers, rather than volunteering or being paid by some outside entity, receive their salary both from and in Dash. All elements of the ecosystem have a direct financial interest in seeing the network do well.

Treasury, incentivized nodes, and digital cash focus ensure full self-sufficiency

An important element that makes a true DAO is autonomy. Dash is completely self-sufficient, with every aspect of the network funded by the network itself. Masternodes are paid to keep their nodes active, and as such will be able to afford better hardware and higher bandwidth as the network requires. Miners are paid to run the network, and as they must process more and more transactions, the fees they receive increase as well. Finally, development, public relations, marketing, distribution, and anything else required to make a robust ecosystem is able to be funded through the treasury. All these ensure that no outside entity has to fund any portion of the network, and therefore has no ability to provide undue influence.


Finally, a key element of what makes a decentralized autonomous network an organization is consensus. While the network runs smoothly with each part acting independently, when decisions must be made for the network as a whole, consensus can be achieved through a masternode vote.

This was most famously demonstrated by the network vote on whether or not to raise the block size, cementing the network’s consensus to pursue a path to massive on-chain scaling through bigger blocks, rather than an off-chain approach using the main chain for settlement. This very issue was contentious in the Bitcoin community for years, until finally the coins split in two over an inability to find consensus over scaling. Dash’s ability to find consensus ensures that the network, while a decentralized web of thousands of individual actors, still operates under a singular vision.

Ben Swann Is Back!

Hey guys, Ben Swann here. Or should I say, Ben Swann is back?

You know, just a few days from now we’re actually going to hit the one-year mark of when my Truth in Media project and all of my social media went dark. A year ago — can you believe it?

That was when I announced to you that those pages, and my website, were going to be taken down. At least for a while, they were going to disappear. And I asked you at that time to trust me.

For the past year, I have been in the position of being unable to talk about Truth in Media. I have also been refrained, if you will, from having social media and having a social media presence at all.

We’re going to get into that later. I’m going to tell you why all of that happened.

But I have not been in a position, so far, to do anything about it.

Sun Tzu said this in the Art of War: he said, “Let your plans be as dark and impenetrable as night, and when you move, fall like a thunderbolt.”

Well, I have been patient. And I have been quiet. But that time has now come to an end.

And that’s all thanks to Dash Digital Cash.

Which is now, by the way, the exclusive sponsor of TruthInMedia.com and also Reality Check with Ben Swann. So excited to tell you about this.

So what exactly is Dash? Let’s start there.

No doubt you’ve heard of bitcoin, right? A digital currency, also known as a cryptocurrency. Back in 2013 I actually went and spoke at the Texas Bitcoin Conference. And that was at a time when hardly anybody even knew what bitcoin was.

I talked about it at that time and said, back then — which, by the way, I absolutely still believe — that cryptocurrency and the decentralization of our financial systems was absolutely and is absolutely the future of finance.

Now, I have been a believer in and a supporter of cryptocurrency ever since then. I have funded projects with it. I have paid contractors in it. I absolutely believe in the crypto space.

Dash Digital Cash is a cryptocurrency. But frankly, kids, it’s not just any crypto.

Dash is actually, in my opinion, the most technologically superior of all crypto thanks to features like instant send and private send. And the incredibly low fees for trading. It’s pretty incredible stuff.

And while those features alone make Dash, again, I believe, superior to other crypto, it is what Dash is heading toward — an innovation called Evolution that will absolutely change the crypto game for everyone.

Now, back in November I was approached by some users and supporters of Dash and its DAO.

Oh, by the way, for all you media bloggers out there who want to write about this stuff but don’t understand it, let me explain to you what that is.

It is a Decentralized Autonomous Organization. They [Dash DAO] talked to me about bringing back Truth in Media and Reality Check with Ben Swann.

So, I created a proposal. I put that proposal forward and it was accepted by the organization.

Again, a note to all you folks who are going to try to explain this but don’t understand it: Dash is not a company.

It has no board of directors. It is a decentralized, peer-to-peer currency. Quite candidly, that is what gives it its power. A large community able to fund projects like Truth in Media and Reality Check with Ben Swann — without some corporation crushing the voices with which it does not agree.

That is the power of decentralization. And that is what is so exciting about this announcement.

You see, Dash Digital Cash isn’t just helping to create the financial decentralization revolution.

It is also helping to create a revolution in industries like in media, where for too long — for far too long — too few voices, especially the voices that dissent with repeated narrative, are not allowed to be heard.

You know who I’m talking to.

If you followed my work, then you know this: you know that I absolutely believe that the left-right paradigm in media is fake.

I believe that corporations, and politicians, and special interest groups, they have gamed so many systems. They have gamed the financial industry, the healthcare industry, political systems in America, and yes, they have also corrupted our media.

I believe that humanity is greater than politics. And I am so grateful to Dash Digital Cash that I now, once again, have the platform to be able to tell your stories, and to uncover corruption, and to question those who are in authority wherever they are, whichever party the belong to, whatever ideology. And to hold them accountable, to do my part to restore truth in media.

Thanks for watching. By the way, next week Reality Check with Ben Swann returns for a new season with brand-new episodes beginning every Tuesday and Thursday. I cannot wait to get those episodes out to you.

In the meantime though, if you would like to learn more about Dash Digital Cash — I know I’ve talked about it a lot here, you can go to DiscoverDash.com. You can also check out the Dash 101 section there.

So glad to be back. I’ll see you next week.