The Ledger
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Most Bitcoin developers are funded by self-interested entities
“I think that primarily this is happening within the Bitcoin world, in, in which the majority of the developers are funded by entities with interest in the outcome.”
ICOs lack ongoing revenue models once initial funding runs out
“The other thing is, a lot of these are ICOs, but no one's answered the question, what happens when that ICO money runs out? There's no ongoing source of revenue for these projects to sustain themselves for the long term.”
Dash was the first cryptocurrency to introduce instant transactions
“One is, we're the first cryptocurrency to introduce instant transactions.”
BitCart disabled Bitcoin payments after Dash drove 90% of business
“We have funded BitCart who, an integration into BitCart. They're a service that allows you to buy Amazon gift cards for 15% discount. And after integrating Dash, they actually disabled Bitcoin because Bitcoin transactions were taking a long time. They were cau…”
Dash uses explicit network voting instead of Reddit debates
“We have an explicit governance system that allows the network to actually vote on changes as opposed to kind of having Reddit debates about what should happen next that can rage on for quite some time with other cryptocurrencies.”
First-generation cryptocurrencies rely on donated developer labor
“The second major area is we're self-funded. Most other cryptocurrencies, and certainly all the first generation ones all rely on donations of developers' time donations of server infrastructure in order to run the network, and so on, and the only thing that's …”
Largest Dash masternode holders control at most 3% of the network
“Yeah, we have a couple of larger holders that, that potentially, you know no one can verify for sure, but claims are around 75 to a hundred, and that's pretty much where they max out. So, about three percent of the network.”
Dash splits block rewards between miners, masternodes, and a treasury
“We split it. 45% goes towards miners, 45% towards the infrastructure, the masternode owners, and 10% is set aside for treasury, and once a month there is a super block created that can create up to that 10%.”
Transaction volume and usage matter more than market capitalization
“Things like transaction volumes. These are things that matter to me as opposed to market cap. This space is filled with speculation, but what we should care about is are people using it and is there growth there?”
Operating a Dash masternode requires proving ownership of 1,000 Dash
“Master nodes are special nodes on our network. In order to operate one, and anyone can the only prerequisite being proving ownership over a thousand dash.”
Dash's monthly treasury allocation is worth approximately $1.2 million
“It's about 1.2 million dollars right now.”