Tag Archives: dash

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 Emerges In MMA Community With Sponsorship of Rory MacDonald, Chael Sonnen

With recent sponsorship of Bellator fighters Rory MacDonald and Chael Sonnen, the Dash network has made an impressive mark on the world of MMA.

Rory MacDonald is one of the world’s highest ranking MMA fighters, holding a 20-4 record following his victory over Douglas Lima for the Bellator welterweight title. He holds wins over UFC fighters including Demian Maia, Nate Diaz, BJ Penn, and welterweight champion Tyron Woodley.

MacDonald submitted a proposal to the Dash treasury for funding of a $250,000 sponsorship, which passed with ease: 899 Yes to 233 No.

MacDonald represented his sponsor in full Dash apparel during his championship victory earlier this year. Vocal about his interest in cryptocurrency and its virtues, MacDonald has been active in the industry since 2014 after being introduced by his coach, Firas Zahabi. MacDonald said in a report for Dash Force News:

In 2014 I was introduced to Bitcoin from my coach Firas Zahabi the week I was fighting Tyron Woodley. Since then we have stayed interested in the cryptocurrency space, and it so happened that Dash’s Jeff Smith and Firas had connected over doing a project together with Dash. Since then Firas connected me and Jeff. Everything came together very organically as we worked on a proposal for my next fight sponsored by Dash. The community really rallied behind the idea and I believe this is just the start of the Dash takeover into the MMA community for cryptocurrencies.

According to Dash Force News, Zahabi has utilized cryptocurrency to overcome certain regulatory issues and launched a giveaway last year of $10,000 worth of Dash “to whomever could most accurately guess the exact outcome and time” of the momentous fight held between Conor McGregor and Floyd Mayweather.

MacDonald sees these sponsorships as just the beginning of long-term partnerships with the cryptocurrency community. He told CCN that “the exciting thing about the Dash budget system is that it’s a voting process, so we can make all kinds of different, unique ideas to pitch to the network…It could be the next wave of sponsorships pouring into the MMA community.”

Bellator has publicly noted its interest in cryptocurrency and Dash to fuel sponsorships, with Bellator CEO Scott Coker saying:

Cryptocurrency has definitely gotten people’s attention as of late and we’re thrilled to see Dash enter the MMA space with their sponsorship of Bellator welterweight Rory MacDonald. Exploring new categories and opportunities for integration has always been key to the growth and development of sports partnerships. We’re always open to new and exciting ideas, and cryptocurrency is something that we’d be interested in exploring to see if it was potentially the right fit for Bellator.

Fellow mixed martial artist Chael Sonnen also put forward a proposal to the Dash Masternode network worth 325 Dash ($162,023 USD). He proposed continuing to expand the Dash brand throughout the MMA community with his event connections and social media following.

The Dash sponsorship of Sonnen also easily passed, with 681 Yes to 156 No.

Sonnen has been an MMA fighter since the age of 19 and has fought in five different fighting leagues including the UFC. He’s faced off against the likes of Jon Jones, Rampage Jackson, Wanderlei Silva, Tito Ortiz, Rashad Evans, Mauricio Rua, Anderson Silva, and Micahel Bisping. Sonnen is also contributor on ESPN and has appeared on The Jim Rome Show as well as Joe Rogan’s popular podcast. Sonnen bears a massive social media following, where he has more than 800,000 Twitter followers, over 381,000 Facebook followers and millions of views on Youtube.

Cryptocurrencies like Dash disrupt the conventional athletic sponsorship structure by allowing individuals to work directly with the source of their funding (Dash). Dash’s large treasury and Masternode voting platform make unique crypto marketing opportunities and sponsorships possible. Dash’s blockchain technology is set up to produce new coins every month, where 10% of those goes towards the treasury. Currently, the budget is around 6177 Dash, or about $2.7 million USD. This allows for the Dash investment ecosystem to build its brand in creative ways across a multitude of industries.

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

GPU Revenue Signals Growth of Cryptocurrency Demand

(DFN) Record sales by GPU manufactures, Nvidia and AMD, signals that consumer demand for cryptocurrency mining and thus cryptocurrency is continuing to increase.

Last week Nvidia posted first quarter revenue of $3.21 billion USD, of which $289 million USD, or 9% of total revenue, was attributed to cryptocurrency mining sales. AMD, Nvidia’s chief rival, also reported first quarter revenue of $1.65 billion USD, of which 10% were also cryptocurrency mining sales. Even more significant was the growth from the previous year, 145% from Q1 2017 for Nvidia and 40% from Q1 2017 for AMD. Nvidia’s CFO Colette Kress said that “cryptocurrency demand was again stronger than expected, but we were able to fulfill most of it with crypto-specific GPUs”.

However, both companies are moderating their forecasts for future growth. Nvidia expects the second quarter revenue to be a third of this past first quarter. AMD’s spokesperson said that they expect revenue from cryptocurrencies to be in the “mid-to-high single-digit percentage” for 2018 in total. The moderation comes from ever increasing hashrates and the increasing competition from ASIC companies such as Bitmain, which brought in nearly $4 billion USD last year.

Increasing hashrates due to increasing cryptocurrency demand

As cryptocurrency became more popular so did the demand and mining operations. As the demand growth outpaced the pre-coded supply growth of many cryptocurrencies, the price of cryptocurrencies increased due to supply and demand laws. The higher price due to the larger demand then caused higher prices for mining GPUs and eventually the development of ASIC miners and their inevitable price increases.



A common misconception is that the high prices of cryptocurrencies are derived from the hardware and electrical cost of mining said cryptocurrencies. However, this is false, and it is the opposite which is true; the significant price paid for hardware and electricity are derived from the prices of cryptocurrencies, which is derived from supply and demand laws. It is only the knowledge that mined cryptocurrencies can be sold on the market for a high price because of their high demand, that allows miners to justify the capital expenditures.

Throughout this whole process the increasing demand is increasing the hashrate of each cryptocurrency’s network. The larger hashrate increases the security of each blockchain since it becomes considerably harder to initiate a 51% attack. A virtuous circle forms since a higher hashrate grants more security and thus creates more demand among consumers looking for ways to secure their wealth.

Dash has exceptional hashrate power and thus security

Recently, the price of Dash has fallen along with most other cryptocurrencies, however, the overall hashrate of Dash has stayed within the 1.5-2.5 petahash range, even though Dash only broke through the 1 petahash threshold in November 2017. The hashrate is bolstered by the second layer masternodes, which play an important role in the Dash ecosystem. The Dash network is further supported by the fact that it is more profitable to mine Dash via ASICs and more-or-less not profitable via GPUs. Thus, ASIC miners comprise a significant portion of the Dash network hashing power. Since each ASIC miner is built to mine specific coins, this makes the switching cost larger and less likely that the Dash network will see sudden significant hashrate declines due to price drops.

The comparative strength of the Dash network that sets it apart from other coins is derived from its unique structure and incentives. The demand for Dash is increasing all over the world due to the hard work of Dash teams, many of which are funded by the Dash treasury system. The Dash masternode system ensures those with capital means have a vested interest in the growth and security of the network. In addition, Dash is able to clearly communicate its future growth plans and outlook clearly to all observers. The strong demand growth combined with well designed incentives and clear expectations communication is influencing miners to continue mining, despite price volatility, thus maintaining the hashrate and network security.


Written by 



This article was republished with permission from Dash Force News.

Institutional Money has a Love-Hate Relationship with Cryptocurrencies

(DFN) Recently, Warren Buffet, Bill Gates, and Charlie Munger spoke negatively of cryptocurrencies, but Gary Cohen spoke somewhat positively and there are other signs that institutional money is becoming more keen on cryptocurrencies.

Buffet called Bitcoin a “non-productive asset” and that the “asset itself is creating nothing” when compared to “productive” assets like gold or farms. Buffet also compared cryptocurrencies to the Dutch Tulip Mania. Gates said that Bitcoin’s price relies on the “greater fool theory” of finding another “fool” to sell to at a higher price. Munger hit below the belt by calling Bitcoin “stupid and immoral” and the equivalent of “rat poison”.

However, another financial titan and former Goldman Sachs President, Gary Cohen, said that he’s “not a big believer in bitcoin”, but is “a believer in blockchain technology”. He added that he thinks there will eventually be a “global cryptocurrency”, but that it won’t be “based on mining costs or cost of electricity or things like that”. In addition, the famous Gemini exchange founder, Tyler Winklevoss, recently called out Bill Gates to “put [his] money where [his] mouth is” and referenced numerous trading outlets where one can short Bitcoin after Bill said he “would short [Bitcoin] if there was an easy way to do it”.

Institutional Money is beginning to venture into cryptocurrencies

Despite the big names in finance and tech speaking against crypto, there are signs that institutional investors are venturing into cryptocurrencies. Dash Force News spoke with Chris Rockwell, founder of RSI Advisors (an investment advisory firm in New Hampshire), about this new trend. Mr. Rockwell said that institutional money has been waiting for two things to happen:

“A way to hedge against crypto holdings and qualified custodians to take custody of their crypto holdings. Bitcoin futures contracts by both the CBOE and CME allow investors to hedge and qualified custodians like Kingdom Trust and Coinbase Custody should allow the doors to open for some institutional investors.”

Not all institutional money is the same and thus there are different players at different levels of entry into the cryptocurrency market. Rockwell mentioned that “[c]rypto only hedge funds are the early adopters and already in this space”, but as hedging and custodian market penetration increases, “standard hedge fund[s] will consider dipping their toe in the water”. He said that investment advisory firms and endowments are the next likely cryptocurrency investors, while pension funds and mutual funds “will probably be the last to enter because of unclear regulatory framework”, but Chris does “expect them to invest in crypto currency eventually”. Chris mentioned that banks and insurance companies are a “wild card”.

Chris also added that “[f]irms will get involved in the crypto space because of client demand, because crypto currency is uncorrelated to any other asset class (very unique in investing) and the potential to boost portfolio returns with little downside risk”. Despite the potential upside and the consumer demand, some establishment firms will nevertheless fall into the classic mistake of becoming lethargic in their innovation. Chris summarized this action very eloquently.

“The largest institutions/names in finance want to stay the largest and like the way things are now. They have little incentive to change how they invest. Radical changes scare them. The smaller and hungry firms/names trying to catch up have a lot of motivation to try new things if it gives them an edge. I also think many just don’t understand crypto currency and instead of saying they don’t know or understand they simply denounce and malign it to sound knowledgeable on the subject”

Dash makes institutional investing easier

As the price of Dash has increased drastically from the beginning of 2017 so has the overall price of masternodes. Consumers and investors wanted to invest in masternodes to receive the payout rewards, but did not have the capital to buy a full masternode. The Dash community has demonstrated its commitment to satisfying consumer desires. So naturally, Neptune Dash soon emerged to accommodate these desires. Neptune Dash went public in Canada this past January and raised over $23 million CAD to buy Dash and masternodes that will generate a respective return to those that own its publicly-traded shares. In April of this past year, Neptune Dash became available to EU and US investors as well.

Dash has demonstrated that it has a robust community to recognize and satisfy consumer desires in a multitude of ways. The mixing pot of ideas that is the Dash community encourages and fosters success for entrepreneurs that find quality methods to accommodate desires of consumers. This process benefits the overall Dash community by involving more users and investors, including institutional investors, by lowing the adoption curve and switching costs, which makes it easier for individuals and firms to use Dash. The Dash community brings Dash to individuals rather than waiting for individuals to discover Dash.


Written by Justin Szilard



This article was republished with permission from Dash Force News.

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.

Dash Spotlight: Two-Tier Network for Decentralization

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.

In our last Dash Spotlight, we explained how the Dash Treasury funds projects like Reality Check and Truth In Media to support the growth of Dash use and facilitate innovation in various industries.

But how is the Dash Treasury funded, and who manages those funds?
It all starts with miners, or Dash nodes, and Dash masternodes.

Like other crypto miners, Dash nodes solve complex math problems using specialized computers. When a problem is solved, a new block is added to the blockchain and the miner is rewarded Dash Digital Cash.

What’s different about Dash compared to other cryptos is its two-tier network.

This is where Dash masternodes come into play. Masternodes enable financial privacy and the decentralized governance of the Dash budget.

So miners power the first tier and masternodes power the second tier. And for powering that second tier, masternodes are rewarded.

In the last episode, we explained the budget breakdown: with each new Dash mined, 45% of the reward goes to miners, 45% goes to masternodes, and 10% goes to the treasury. The treasury is what funds projects like Reality Check and Truth In Media.

Dash is the first-ever crypto to set up this type of two-tier system, making the features implemented by masternodes unique in the crypto world.

And that’s why the growth of Dash is so vital in decentralization.

Masternodes are focused on ensuring anonymous and instant transactions, but also governance through monthly budgeting and voting.

Want to become a Dash node or masternode? Check out Dash.org for more information.

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

DiscoverDash Lists Over 1,000 Dash-Accepting Businesses Worldwide, 116 in Venezuela

(DFN) Dash merchant listing site DiscoverDash has passed 1,000 listings around the world, with heaviest adoption concentration in Venezuela.

Initially announced in May of last year, DiscoverDash is a merchant listing site for Dash that aims to comprehensively list accepting businesses around the world, as well as provide usability functions and new user guides. Major adoption clusters appear in New Hampshire in the United States, Venezuela, Ukraine, and Australia, due to local communities pushing merchant adoption for Dash.

A clean directory with a live chat makes Dash more accessible and useful to consumers

What sets Dash apart from competing currencies is its success in reaching wide merchant adoption despite not having the significant network effect lead of Bitcoin. Having a single spot to list all the major Dash-accepting businesses possible not only makes it easier to quantify adoption, but also makes said adoption much easier to realize. A powerful site that makes spending Dash easy can help boost actual use. According to Dash Force Director of International Outreach and PR Mark Mason, several important projects and individuals came together to make this achievement:

“The new and improved DiscoverDash business directory website relaunched on March 30th with 792 worldwide listings including ATM’s. Within just 4 weeks of the website refresh we’re now over 1000 listings all thanks to international grassroots outreach projects driving Dash adoption forward, particularly in Ukraine and Venezuela. I’d also like to thank Discover Dash Support and Contest Manager Albert Arellanes who has been instrumental in the successful running of the site. Everyday new businesses that accept Dash Digital Cash for payment are being added to the directory and I don’t see this trend stopping anytime soon.”

Last month, DiscoverDash was re-released with an updated theme, giving a much smoother user experience similar to services like Yelp. Additionally, the new version of the site supports a live chat function, which allows users from around the world to directly ask questions, whether for support on the site itself, or on Dash in general, removing an additional barrier to wide use.

Venezuela and New Hampshire are proving to be testing grounds for Dash’s usefulness as a currency

The area with the most significant Dash acceptance is Venezuela, a country which has experienced a currency crisis and has reason to explore forms of sound money such as cryptocurrency. At present Venezuela has 116 Dash-accepting merchants listed on DiscoverDash, with 60 in the Caracas area. According to Business development head for Dash Merchant Venezuela Alejandro Echeverría, Dash is exploding in the region because it serves as a perfect solution to the problems facing the country right now:

“Dash is the perfect currency for Venezuela right now: instant, cheap and one of the most important this is that it represents a Store of Value. Right now we are living in hyperinflation, our currency devalues each day more and more, so we need a strong currency where we can protect our work, our earnings, our savings. Besides, our payments methods are collapsing right now, there is not cash in the streets and the POS network is not working, so you can be 15-20 minutes doing a simple purchase waiting for the confirmation. Dash is instant and this wont be a problem anymore.

Also, Dash is perfect for remittances, we are helping a LOT of people living overseas to send money to their family here in Venezuela. So Dash is actually one of the best options right now that Venezuela has to overcome our crisis.

With Dash Help Venezuela we aim to support and help people with problems and questions. With Dash Merchant Venezuela we aim to boost the adoption of Dash from merchants and businesses, 3000 merchants in 3 months. Dash Caracas is doing its amazing job with conferences. So, everyday I am more convinced that Venezuela will become the very first Dash Nation in the world, not just because we want, but because we need it.”

New Hampshire is another notable Dash hotspot, with 34 listings in the semi-rural state of roughly 1.3 million inhabitants, 23 and counting in the town of Portsmouth alone, amounting to more than one Dash-accepting business per thousand people in that town. Portsmouth’s concentration of Dash businesses was famously featured in a CNN news segment about living off of cryptocurrency.


Seventh Dash Conference Hosted in Venezuela

(DFN) The seventh Dash conference was hosted in Venezuela and fetched over 600 people in attendance who wanted to learn more about how cryptocurrency, in particular Dash, can benefit their lives.

The Dash conferences have grown from around 140 Venezuelans in the first conference to now having over 8,000 people in their database. Eugenia Alcalá Sucre, founder of DASH Caracas and DASH Venezuela spoke with Dash Force News about the “adventure that has taken us to places we had not even dreamed of finding.” She mentioned that the “journey has been full of satisfaction, joy, achievement and hope” and that they “have managed to build a high performance team, whose members are driven by passion and show their commitment and excellence in every little thing they do.”

Eugenia mentioned how the team’s passion and attention to detail has accomplished “important achievements that can be seen in our numerical indicators that we present in the monthly reports that we make in the DASH Forum.” She added that they also have “other achievements that are not so easily measurable, but equally important”.

“[W]ith the help of the DASH Community and the support of MNOs, we have helped to change the lives of dozens of people who have begun to understand that DASH – Digital Cash is an alternative that can give them a new economic reality.”

What has caused the massive adoption of Dash in Venezuela?

Eugenia mention that “speed and low commissions that makes it viable for micropayments” was what attracted Venezuelans to Dash, at first. However, the community strengthened even further when it became “visible that there is a large Dash community in Venezuela that is active and is constantly providing support to entrepreneurs and users”.

In addition to the conferences and large community, a live Dash support desk will soon been launched in Venezuela. When asked what is the most effective advertising method to bring new Venezuelans into the Dash community, Eugenia mentioned “a good combination of an adequate management of social media, appearances in TV, radio, press and word-of-mouth generated by well-produced events is the perfect combination”.

One of the top attractions of the Dash conferences has been ‘Dash City’ (Ciudad Dash), where entrepreneurs can trade their goods and services for Dash. Euginia recalled how her team was only accompanied by two entrepreneurs in their first conference (Sept. 2017), a business entrepreneur and a social entrepreneur, but they now have over 100 entrepreneurs selling their goods and services for Dash.

“[M]any of them are already daring to accept the currency outside our events and have had very good results, which makes the other entrepreneurs also dare to cross the borders of Dash City.”

Euginia described such a wide diversity of products being sold at Dash City that it was difficult for her to name her favorite product.

Future of Dash in Venezuela

Euginia and her team wants to make Venezuela the first Dash Nation through multiple channels. They want to work “in a network of alliances with new communities, with new projects and with many entrepreneurs” to ensure that “in the shortest possible time [that] the most Venezuelans are familiar in how to buy and sell with DASH, and choose DASH – Digital Cash as their favorite cryptocurrency.” They are intending to end their announced conference cycle in September of this year, but immediately afterwards “engage in other kind[s] of activities that takes DASH to the top of mind of our citizens.” Eugenia and her team gained valuable knowledge and insights from their experiences, which they will apply to their new initiative: Dash Venezuela. More of their goals and initiatives can be seen in this forum.

The inflation and economic quagmire in Venezuela shows little signs of abating, but luckily Dash is providing an alternative currency for Venezuelans to institute their own individual economic solutions. The Dash teams in Venezuela understand this and are leveraging quality strategies to continue to spread knowledge of Dash to help increasing amounts of Venezuelans.


*Note: Some of the material from source article was translated via Google page translate


Written by Justin Szilard


This article was republished with permission from Dash Force News.

Watch: Ben Swann Talks Media Disruption at Block2TheFuture

In early April, Ben Swann attended the Block2TheFuture blockchain and digital currency conference in San Francisco, CA. During his time there, Swann gave an informative talk that detailed the imminent transformation in how news and media will be produced and consumed, largely due to decentralization and cryptocurrencies.

Swann, the first independent journalist to be solely funded by cryptocurrency, summarized his professional career, including his transition from conventional broadcast reporting to founding his own independent media organization. He explained how the decentralized autonomous organization (DAO) of Dash Digital Cash played a primary role in Swann’s mission to remain an independent journalist.

Swann highlighted how digital currencies such as Dash make it possible for independent creators to endure by freeing themselves from the longstanding corporate funding structure that has exerted power over the news for generations, noting that following his sponsorship with Dash many other independent organizations have subsequently followed suit in seeking funding through similar DAOs including the Dash treasury.

Swann also noted that real-life experiences with the blockchain, cryptocurrency and decentralization and their potential to solve a number of societal problems starkly contrast mainstream media narratives that paint these aspects as harmful to “the greater good.”

Tim Draper Predicts Upward Trend for Cryptocurrency

(Dash Force News) Tim Draper, the famed investor who once said “the world needs this new kind of currency”, now predicts Bitcoin will reach $250,000 USD by 2022.

Draper unveiled his prediction at his blockchain party and via tweet, even though he mistakenly proclaimed $25K in his first tweet, which was later clarified to be $250K. He even emboldened his prediction in a giant sign displaying “Tim Draper predicts Bitcoin @ 250K by 2022” outside his entrepreneurship program, Draper University. Draper did not expand on his prediction methodology.

Draper, who founded the venture capital firm, Draper Fisher Jurvetson, and also lead successful investments in Skype, Tesla, Twitter, and SpaceX has said that he was attracted to currency not tied to a government, “[s]o when Bitcoin showed up, I was all over it”. Draper is known to have purchased $30,000 in Bitcoin from the U.S. government during their liquidation of confiscated funds from Silk Road.

Price predictions are difficult

Making correct price predictions are already very hard in traditional markets where information is plentiful, but price predictions become vastly more difficult with cryptocurrencies because of the increased possibilities, less behavioral information, and greater assumptions. For example, Murray Stahl of Horizon Kinetics hypothesizes that Bitcoin is worth the sum of all the other currencies in the world – $361,000 USD per Bitcoin. However, this relies on the assumptions that Bitcoin, and no altcoins, will be used by most people in the world and also discounts future monetary policies and economic growth. A correct, or even for that matter a somewhat close-to-correct, price prediction for cryptocurrencies requires an unfathomable calculation of infinite information and knowledge of future actions of individuals and governments. A way to cope with the impossibility of making full-proof price predictions is to instead focus on the economic ordinal direction, rather than economic cardinal magnitude, of price movements over time. An investment analyst will also look at historical movements and decide if an asset or currency will continue along that trend, upwards or downwards, into the future.

A quick way to filter out the noise that surrounds cryptocurrencies’ rapid price movements is to look at the price of Bitcoin, Dash, and other cryptocurrencies in a log scale rather than a liner scale, which focuses on the percent change and is better adept for cryptocurrencies. When this technique is implemented, taking Bitcoin and Dash as examples, both reveal that they have generally been trending upwards over the past few years. There are exceptions in the time series, during small slumps, but the coins have mostly trended upwards and appreciated relative to the USD. However, to aid a price analysis beyond simple extrapolation, which is prone to fallacies and errors, is to focus on the value an item provides to consumers and the potential value it could provide in the future.

Value is derived from services provided to consumers

As people discover the value of a good/service, they will demand more of it and thus increase the price unless met with extra supply. Since most cryptocurrencies have a limit to the amount of coins mined, the way for the price to increase is to increase the coin’s value to users. Dash has been focusing on how to provide value to users the past couple years and has laid out guidelines on how it plans to continuously improve services for users in the future.

In the immediate case, Dash, with its low transaction fees and fast transaction times, has allowed people around the world to use Dash as currency in exchange for goods and services. The citizens of Venezuela have quickly adopted Dash to escape their horrible inflation, but use cases are not limited to hyper-inflationary countries. On the Discover Dash website, current and potential Dash users can locate numerous online businesses and local physical shops all over the world that take Dash. This usability of Dash, in addition to its full cryptocurrency offerings of sound money, security, and privacy demonstrates its value offerings and thus makes Dash one of the better positioned currencies for future economic ordinal price appreciation relative to other currencies.


Written by: Justin Szilard

Bank of America Stops Lending to Several Gun Manufacturers, Strengthening Case for Crypto

(Dash Force News) Bank of America will cease providing lending services to companies manufacturing certain types of firearms.

As reported by Bloomberg, Bank of America, the second-largest bank in the US, will no longer lend to firearms manufacturers involved in selling semi-automatic rifles deemed “military-style” to the civilian populace. This comes after a wave of pressure on banks and payment providers to restrict their services provided to firearms manufacturers in the wake of recent highly-publicized shootings. Increasing financial pressure could cause manufacturers to cease production of controversial items or risk harm to their business.

Centralized payment systems have a long history of shutting out controversial projects

Payment companies and the banking industry, with centralized control over services, have long posed problems for businesses and causes that have attracted controversy over the years. PayPal froze the accounts of supporters of the Bundy Ranch, an agricultural community in the US which was engaged in a dispute with the federal government resulting in an armed standoff. Wikileaks famously also had all its payment providers shut down due to is exposure of government corruption, prompting them to seek cryptocurrency as a way to get around the ban.

Dash is making strong inroads in censored industries like marijuana and alternative media

As the top cryptocurrency for payments, Dash is focused on offering better and censorship-resistant money, which leads to applications in traditionally underserved industries. Independent journalist Ben Swann came back after a year of censorship thanks to an exclusive sponsorship with Dash. Dash point-of-sale and business solution Alt Thirty Six aims to service the legal cannabis industry, which at present is cash-only due to banking restrictions. Finally, Dash is taking off in Venezuela, which has experienced currency issues and regulatory barriers, with over a hundred businesses accepting it for payments as of time of writing.

The firearms industry would be wise to explore Dash for payments seeing present trends of hostility from banks.

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.

Congress Joint Economic Report Dedicates Chapter to Crypto, Blockchain

A new report from Congress — the 2018 Joint Economic Report, used to assess the nation’s economic status and provide recommendations for the upcoming year— includes an entire chapter dedicated to cryptocurrencies and blockchain technology.

The report called for policymakers, regulators, and industry leaders to cooperate and ensure developers can implement these new blockchain technologies, and even called 2017 “The Year of Cryptocurrencies.”

The comprehensive report illustrates blockchain as a “potential tool for securing America’s digital infrastructure,” and points out how “methods of theft, espionage, and vandalism” are shifting “from physical toward virtual.”

Included within the Blockchain section is a statement that the technology is “not only nearly invulnerable to cyberattack but is revolutionizing the way the world conducts commerce and shares information.”

Blockchain is the distributed ledger technology that underlies digital currencies such as Bitcoin. A ledger is the accounting tool that tracks the movement of money from one person or account to another. Conventionally, such records are stored in central locations like banks, headquarters, and Paypal servers. Blockchain revolutionizes ledger technology with a network of distributed ledgers. Instead of one central, authoritative record of all transactions or information, blockchain creates potentially thousands of identical ledgers in computers and servers all over the world.

In “permissionless” proof-of-work blockchain, people compete to validate each transaction in return for a reward. The protocol rewards users for creating and validating entries into the ledger. This reward creates an incentive for competition and gives these validators (“miners” see Box 9-1) new tokens to use in the system. Users who do not earn tokens by performing verifications, i.e., not “miners,” must buy the tokens. This interplay between miners and purchasers create an ecosystem where people have clear incentives and rewards to maintain the distributed ledger for everyone.

The report tracked cryptocurrency’s massive rise during 2017, noting the significant price growth of leading cryptocurrencies Bitcoin and Ethereum, and that both outpaced the Dow Jones Industrial Average and the S&P 500.

The report shared a critical view of cryptocurrencies as a currently viable form of money and stated that “technical and economic limitations” of Bitcoin “hinder its use as a medium of exchange.” The report went on to acknowledge that “If digital currencies become less volatile in the future, valuing items in those denominations could become easier and individuals might begin using them more frequently as a medium of exchange.”

[RELATED: WATCH: Rep Backed By Securities Industry Says Cryptocurrency Undermines Gov’t. Control]

Regulation concerns were also examined in this report, noting that cryptocurrencies, ICOs and exchanges all pose unique challenges. “Their rapid ascension led to instances of new products running afoul of America’s current regulatory framework,” the report noted. “This demonstrated how certain regulatory environments are simply out of touch with the internet age.”

The report concluded that:

Technology presents evolving challenges and generates new solutions. Blockchain technology essentially stores and transmits data securely, in large volume, and at high speeds. So far, the technology has proved largely resistant to hacking, and given this feature, developers first applied it to digital currencies. Yet blockchain has many more potential applications, such as portable medical records and securing the critical financial and energy infrastructure.

The report offered recommendations to policymakers, regulators, and industry leaders in its conclusion:

— Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future.

— Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction.

— Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.”

— Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions.

This new report offers an extensive interpretation of the rise and future potential of blockchain technology and cryptocurrencies. Other government acknowledgment this week included the House Capital Markets, Securities and Investment Subcommittee, the House Science, Space and Technology Committee and the Senate Banking, Housing and Urban Affairs Committee.


Google to Ban Cryptocurrency Ads, Deepening “Crypto Blackout”

(Dash Force News) Google has announced that it will be cracking down on cryptocurrency-related advertising, furthering the “crypto blackout” online.

According to new policies relating to financial services to be rolled out in June, among newly banned content will be anything related to cryptocurrency:

“Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)”

While the spirit of the ban appears to be targeted at ICOs and speculation, it will also affect other cryptocurrency information as well, from simple usage guides to wallets, news sites, general information, and more.

Google joins Facebook in the crypto ad blackout

Google follows in Facebook’s footsteps in the crypto ad crackdown. Earlier this year, Facebook similarly banned cryptocurrency-related advertising. Now with Google joining in the ban, two of the most powerful online advertising networks have blocked out cryptocurrency. This united front will make reaching new users considerably more difficult, and will increase the value of earned media, solidifying gatekeeper status by major publications. Additionally, it may also give rise to more covert approaches to dodging ad filters, with cryptocurrency-related content packaged as something else.

Ad difficulties increase the importance of Dash’s partnerships and in-person promotions

Dash’s competitive advantage over other cryptocurrencies is its significant treasury, which can fund all manner of promotional initiatives in-house. However, the recent ad blackout has significantly complicated purely advertising-related proposals, reducing the ability to simply fund Dash ads to increase its user base. This situation increases the importance of other promotional measures such as conference sponsorships and speaking opportunities, as well as grassroots promotional initiatives including meetup programs.

Additionally, difficulties in running normal advertisements increase the value of strategic media partnerships. For example, rather than simply advertising on major ad networks utilized by media outlets, Dash sponsored US-based radio show and podcast Free Talk Live directly, bypassing ad bans by partnering directly with the media platform. Similarly, Dash exclusively sponsored independent journalist Ben Swann, lending his impressive reach to Dash, as well as making a strong statement about uncensored media made possible only by Dash’s DAO.

Ben Swann Sits Down with Dash Force’s “3 Amigos”

(Dash Force News) Video repost of episode 41 of the three amigos podcast. This week we were joined by special guest Ben Swann host of Reality Check and owner of Truth In Media.

The 3 amigos podcast takes place every Friday at 3pm EST / 8pm UTC.

If you haven’t done so by now, can you please make sure you like and subscribe to the Dash Force News YouTube channel. Thank you to the Dash community for your continued support.


Written by Mark Mason.

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.

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.