Proposal “CORETEAMTAXES0818“ (Completed)Back
| Title: | Core Team Taxes (Part 1 of 2: August) |
| Owner: | glennaustin |
| One-time payment: | 785 DASH (39099 USD) |
| Completed payments: | 1 totaling in 785 DASH (0 month remaining) |
| Payment start/end: | 2018-07-18 / 2018-08-17 (added on 2018-07-11) |
| Final voting deadline: | in passed |
| Votes: | 0 Yes / 0 No / 0 Abstain |
Proposal description
This proposal is cross-posted from https://www.dash.org/forum/threads/core-team-taxes-part-1-of-2-august.39422/
Background
Dash Core Group, Inc. is a U.S. company incorporated in Delaware and headquartered in Arizona. As such, it needs to pay federal as well as state taxes. Over the long term the Dash Core Group tax rate should approach low levels relative to our funding (tax liability will be in the low single digits as a percentage of revenue).
Over the past few months Dash Core Group pursued a strategy of hedging our exposure to cryptocurrency and managing our tax liability by: 1) spending more Dash than we brought in by conscientiously avoiding funding from the Dash network unless absolutely necessary and 2) liquidating Dash for fiat to ensure sufficient balances for future obligations. We now have significant fiat buffers in the Business Development, Marketing, and Research budget lines, so that we can operate over the next 3 months without having to go back to the Dash network for funding. A side benefit of building this fiat buffer is that we avoided hundreds of thousands of dollars in taxable income.
What does this proposal fund?
During the fiscal year ending June 2018, we had income (Dash distributed to us from the superblock) and we incurred expenses (compensation, invoices, etc.). At the end of June 30, 2018 our balance sheet, at cost, was approximately $1.2 million. Our preliminary tax liability is estimated to be approximately $410,000 for fiscal year 2018 and approximately $110,000 for July through September 2018. The total amount of ~$520,000 is due on September 15th, 2018. We have decided that in order to minimize the disruption to the budget, we will split the tax related proposals unequally between the August 2nd and September 2nd budget. Specifically we are requesting $170,250 in the August 2nd budget cycle and $349,750 in the September 2nd budget cycle.
Taxes are not a discretionary expense. If funding is not approved, Dash Core Group will need to divert funding from another account to meet our tax liability.
Many in the community have asked why Dash Core Group is structured as a corporation versus a foundation or non-profit. When we initially evaluated what corporate structure Dash Core Group should be organized around, a non-profit seemed to make the most sense. However, in exchange for being tax exempt, those types of organizations have a lot of operational limitations. Our legal team advised us of 2 significant Dash-specific obstacles to this type of structure: 1) the source of all donations or contributions to the foundation would have to be disclosed (we would need to identify masternode owners) and 2) we couldn't pay developers to exclusively work only on the Dash network (we would be prohibited from promoting one specific solution). Both of those factors were show-stoppers and we decided to structure Dash as a corporation.
Although Dash Core Group is structured as a corporation, it is not expected to generate much taxable income (i.e., we only draw funding from the network required to fund liabilities and expenses). In the fiscal year ending June 30th, 2018, we had revenues of $7.5mm and our tax liability represents only 5.5% of revenues. Over the long term the Dash Core Group tax rate should approach even lower levels relative to our funding (tax liability will be in the low single digits as a percentage of revenue). This stems from the fact that all Dash in our accounts will eventually be an expense when those funds are spent on specific initiatives. However, in the short-term there is a necessity to hold a certain amount of Dash permanently in each account since we need a buffer to account for expense timing and currency fluctuation risk, as well as hold funds meant to pay future liabilities. It is this buffer that will drive our tax liability going forward.
If you have any questions, please direct them to @glennaustin in the Dash Forum post to ensure we are notified of your request.
Requested funding is as follows for the August 2nd budget cycle:
· 780.00 Dash for tax expenses ($170,250 @ $218.269 per Dash)
· 5.00 Dash proposal reimbursement
Total: 785.00 Dash
Note: Should any funding remain, we will apply it toward future tax expenses.
Background
Dash Core Group, Inc. is a U.S. company incorporated in Delaware and headquartered in Arizona. As such, it needs to pay federal as well as state taxes. Over the long term the Dash Core Group tax rate should approach low levels relative to our funding (tax liability will be in the low single digits as a percentage of revenue).
Over the past few months Dash Core Group pursued a strategy of hedging our exposure to cryptocurrency and managing our tax liability by: 1) spending more Dash than we brought in by conscientiously avoiding funding from the Dash network unless absolutely necessary and 2) liquidating Dash for fiat to ensure sufficient balances for future obligations. We now have significant fiat buffers in the Business Development, Marketing, and Research budget lines, so that we can operate over the next 3 months without having to go back to the Dash network for funding. A side benefit of building this fiat buffer is that we avoided hundreds of thousands of dollars in taxable income.
What does this proposal fund?
During the fiscal year ending June 2018, we had income (Dash distributed to us from the superblock) and we incurred expenses (compensation, invoices, etc.). At the end of June 30, 2018 our balance sheet, at cost, was approximately $1.2 million. Our preliminary tax liability is estimated to be approximately $410,000 for fiscal year 2018 and approximately $110,000 for July through September 2018. The total amount of ~$520,000 is due on September 15th, 2018. We have decided that in order to minimize the disruption to the budget, we will split the tax related proposals unequally between the August 2nd and September 2nd budget. Specifically we are requesting $170,250 in the August 2nd budget cycle and $349,750 in the September 2nd budget cycle.
Taxes are not a discretionary expense. If funding is not approved, Dash Core Group will need to divert funding from another account to meet our tax liability.
Many in the community have asked why Dash Core Group is structured as a corporation versus a foundation or non-profit. When we initially evaluated what corporate structure Dash Core Group should be organized around, a non-profit seemed to make the most sense. However, in exchange for being tax exempt, those types of organizations have a lot of operational limitations. Our legal team advised us of 2 significant Dash-specific obstacles to this type of structure: 1) the source of all donations or contributions to the foundation would have to be disclosed (we would need to identify masternode owners) and 2) we couldn't pay developers to exclusively work only on the Dash network (we would be prohibited from promoting one specific solution). Both of those factors were show-stoppers and we decided to structure Dash as a corporation.
Although Dash Core Group is structured as a corporation, it is not expected to generate much taxable income (i.e., we only draw funding from the network required to fund liabilities and expenses). In the fiscal year ending June 30th, 2018, we had revenues of $7.5mm and our tax liability represents only 5.5% of revenues. Over the long term the Dash Core Group tax rate should approach even lower levels relative to our funding (tax liability will be in the low single digits as a percentage of revenue). This stems from the fact that all Dash in our accounts will eventually be an expense when those funds are spent on specific initiatives. However, in the short-term there is a necessity to hold a certain amount of Dash permanently in each account since we need a buffer to account for expense timing and currency fluctuation risk, as well as hold funds meant to pay future liabilities. It is this buffer that will drive our tax liability going forward.
If you have any questions, please direct them to @glennaustin in the Dash Forum post to ensure we are notified of your request.
Requested funding is as follows for the August 2nd budget cycle:
· 780.00 Dash for tax expenses ($170,250 @ $218.269 per Dash)
· 5.00 Dash proposal reimbursement
Total: 785.00 Dash
Note: Should any funding remain, we will apply it toward future tax expenses.
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Discussion: Should we fund this proposal?
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This is unacceptable. You cannot hold the MNOs hostage. You work for the MNOs and you cannot expect that funds will be granted no questions asked.
Were you caught by surprise by having to pay taxes and failed to plan for it? How could this have happened and how are you going to avoid this situation in the future?
In the future we plan on smoothing out the tax requests by requesting the funds on a quarterly basis. These two proposals cover fiscal year 2018 and additionally a quarter of tax payments. We are not holding the MNOs hostage, we are just pointing out that as a c-corp in the United States we have to pay our federal and state taxes.
This is misleading. You only have to pay taxes when you have profit. If you plan to generate a profit, you should include the tax calculation in the proposal that causes the profit. Allocating all your profits to other projects and then discovering that you forgot to reserve some money for taxes doesn't make sense.
Seeing as this proposal is passing anyway, I'm voting NO to send a message to core.
Yes, I would like for tax expenditures to be better planned-for and spread out in the future.
Failing to pay the tax bill is simply not an option.
Voting yes.
Drako posting as Kuvateam here.
The financial planning for Dash Core needs to materially improve or we face putting key longer term proposals like ours (Kuvacash) that are outside of Core, at serious risk.
This planning should include amortising this tax debt over a longer period of time, with smaller requests from Core of the treasury, starting now.
Core does not and cannot operate as a silo in the DAO, without consideration of all the other work being done by proposal owners. Although critical, it is also a DAO-funded initiative working, and requesting funds to operate, in the context of other initiatives and projects here.
Relating to our own longer-running strategic initiative for Dash, cutting available funding to proposals such as ours and others that have professional teams on the ground with ongoing commitments will cause us serious issues and does not bode well for the long-term viability of the Dash DAO at all.
Dash Core Group, like other proposals and projects, needs to also flex its scope in relation to the reduction of available funding, and not shock the network with huge proposal clusters asking for 50%+ of the budget, displacing any other proposals as it sees fit. This is just not tenable in the current environment.
Over Christmas 2017, and following that period, there was notionally more funding for Core to expand its activities, which it did, but we feel that Core must also now plan accordingly to flex down its own scope in various areas as a prudent response to the downturn and subsequent reduction of available funds.
It must also take measures to spread the impact that unexpected costs which arise in Dash Core, such as tax liabilities and escrow shortfalls have, in consideration of other important projects here that are also doing the same.
We’re respectfully asking for your deep consideration, given the above observations, so that the Dash community, proposal owners and MNO’s can continue to trust and support Dash Core Group’s financial management and its initiatives going forward.
Thanks,
Drako
Thanks,
Drako
Walter
It’s about as welcome as a fart in a spacesuit some may say...
But as others have said, it’s something that has to be paid, otherwise Dash Core Inc is out of business.
As important as Venezuela is, the country isn’t going anywhere and a month or two really isn’t going to matter in the scheme of things funding-wise.
Do the Masternodes really want to saw off the branch we’re all sitting on and tip Dash Core Inc into a cash crunch and liquidity crisis? That is what will happen if this funding isn’t approved. It’s not a good signal to the market in my opinion.
Walter
If Ryan didn’t reduce the working capital buffer to 1-2 months then Core Inc Tax liablility would have been multiples higher. What sort of impact would a $1m-1.5m tax bill have had on this month’s treasury?
Exactly.
Walter
Also, in any decently managed company, TAXES ARE PART OF THE BUDGET, so it would have been included in the buffer.
The fact that I have to explain this to a dumb idiot with a masternode like you dumbfounds me.
What Ryan is trying to do is completely unheard of. He is a pioneer in this space. He might be forgotten and move on with his life or he might be cemented in history. Only time will tell.
If the existence of the buffer is the reason that tax needs to be paid, doesn't it make sense to pay the tax from the buffer? If that reduces the buffer too much, another proposal can be created to increase the buffer again (and factor in the tax that needs to be paid over that!).
It simply doesn't make sense to see tax as a separate project. Tax should be factored into each proposal individually. What's happening here makes no sense.
Are the taxes due because the funds were received in a different fiscal year than they will be spent? Could the tax have been avoided if the funds were requested later or spent sooner?
I have heard what you, Ryan and Fernando have said that you gave notice that you were going to post for core funding requests this month. But that is not clearly not enough as many community projects have found out on this funding cycle. We need to know *how many* funding requests in a month and the notice needs to be posted in a locations that people* will see*. Notice in a forum thread is clearly not effective enough.
If the core proposals are staggered the notice needs to at least also be given *in the existing posted funding proposals* that is one place proposal owners have a good chance of noticing it. That is probably one of the best locations to post it because it is the current location where people will be looking.
This is comment is intended as constructive feedback and not as a complaint. I understand that core is actively trying to communicate better to the community and be more transparent.
I am happy with the technical direction of Dash, but I will be voting against Core proposals in protest with all of my 12 nodes for now for the following reasons:
1. Censorship of the main subreddit. Yes this matters to crypto anarchists - surprise!
2. Overspending in the midst of a downturn.
3. Confusing and seemingly unlimited number of large core proposals eating all our funding.
4. The Core team is taking on too many tasks and thus becoming too centralized. They should focus on development and maybe business outreach and not too much on PR, conferences, legal stuff and having big offices. Let other teams do other things. The Electrum client could also be maintained by a separate team.
anyways I will not vote against this just due to the possible consequences
I am aware of the pre-proposal warning threads posted on the forums to caution aother proposal owners. I also greatly appreciate the efforts to get these proposals up earlier in the cycle. I'm also aware this one simply could not have been done sooner.
But I do hope we're less behind the curve on this and we can get ahead of it soon, resulting in day-one proposal submissions. It may be quite complicated to run accounting on the typical calendar and the dash budget calendar, but I have full confidence we can get there.
- If we have the same buffer (in the same accounts) on June 30th, 2019 then no taxes would be owed.
- As far as future strategy: it would be prudent to have a larger buffer for certain accounts in the future. For example, core team salaries will hopefully be at 2-3 months compensation expense (which is standard across industries).
- We declared the Dash value at the time it was received (at cost) rather than the market value on June 30th.
I don't know about the other MNOS but we can't afford to lose the DASH HELP Venezuela support centre. However if all core proposals go through there are no funds left.
Why wasn't notice given of this last minute proposal? Why did core wait for other proposals to be posted before posting this proposal and wiping out their 5 DASH funds?
In terms of diverting funds from other budgets, that is not a precedent we would be comfortable setting. In order to spend funds on purposes other than the intended allocation would require MN approval. It may be well-intentioned, but that is a slippery slope to walk down. Concerning marketing specifically, we redid the plans when bans went into effect and managed to run campaigns in three countries with excellent results (which Fernando will share on the next quarterly call). Between the dash price declines and the expenditures for the campaigns, though, the marketing budget is not as significant as you might imagine.
If a lot of MNOs are expressing a desire to do something outside the norm to help make room, I could pull myself, Glenn, and Fernando into a room to come up with a specific plan to address. Perhaps a decision proposal to allocate a portion of the core team marketing budget to other passing proposals that are marketing related (above the 10% but don’t fit within the month) or a decision proposal to reallocate funds from another core team budget.
I suggested that core could have posted in their first two proposal, above the fold, that this 3rd proposal was coming,as a notice. Why didn't core do this?
Could you provide the link showing where there were 3 core proposals to be posted this month. I, and other community project members, would also be grateful if you could provide a link or location where we should check so that we know when core intent to post your proposals. This way proposal owners can check these locations before posting.
I spoke with Alejandro at DASH help Venezluela and he suggested putting a DASH HELP widget for DASH HELP on every page of dash.org website to assist anyone that is visiting the site. I have been thinking about this further and realise we could also put this widget on any DASH related website. This would form an excellent conversion strategy while providing answers to tech questions. No other crypto is offering such a service and this service is positioned in a location where people are already interested and arrived at the site, so we know they are intereseted in DAH. DASH HELP could convert these speculative visits to real users by answering their questions.
This is a creative marketing strategy that would add tremendous value in a practical way. This is the type of marketing I develop myself. I would like to take credit for this idea but in fact it was AlejandroE that suggested this. Something to consider.
As for that specific idea, I'm not sure yet, but happy to explore that or other collaborations paths with Alejandro that include a revenue stream for Dash Help. A call center that is already trained and works well is a great asset. We could also work with Eugenia around conferences. Some of us on the team have already participated in some of them in the past, and we've also done joint conferences with other Dash partners, so I see no problem there either.
In any case, what I don't agree with is with the narrative that Core is kicking any specific proposal out. Any proposal left out is so by all the other proposals that passed in that period. Multi-month ones are not more sacred than new ones.
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Hello Fernando, hope you are doing very well!
I think this idea would add a lot of value to the network, having a livechat for help in dash.org or either a link for our website, or either a banner showing the numbers of each country where we provide the service (Venezuela, Mexico, Colombia, Argentina, Spain and next: Brazil & US) would create a big positive impact for Dash.
We have the office, we have the right people, we have the knowledge and we have proved that our feedback has been valuable to our users and also for the Core developers of the wallets (we have found bugs, typos, improved features, etc).
Let's talk about this, it can be something big for Dash. I PMed Tungfa at Discord but Idk if I should email him, or either talk this with you.
Looking forward to your response! Thanks a lot.
Best,
Alejandro
Something like this at the top of each of your proposals:
e.g. Core Proposal 1 of 3 for this month's funding: CORE Salaries: DASH 2453 (posted)
Core Proposal 2 of 3 for this month's funding: CORE Premises: DASH: 123 (posted)
Core Proposal 3 of 3 for this month funding: CORE TAX: DASH: 785: Will be posting in a few days time.
Anyone intending to post a proposal will first check any existing core proposals submitted in the current cycle and then see the above intentions clearly stated. If this had been done then all the proposals posted would have saved their 5 DASH because they know they don't have much chance of getting funding if Core is posting a proposal for funds.
The problem is that you held out for posting the third proposal and the other proposal owners did not know you intended to do that because the communication was not clearly presented in the position that people are looking.
If this proposal were not approved, we would roll the entire expense into the September 2nd budget cycle. Glenn has backed into the amount for each cycle in an attempt to spread the payment in the least impactful way across the two periods, so it would force even more difficult prioritization next month (unless the price were to rise significantly) if this were not funded.
Also we could rename Dash Core Group to Our Lady of Perpetual Gains and register as a religious organization...)
I don’t understand your beef with Core, the information is there for anyone who reads Core communucations over the last few months, and I don’t see any inappropriate behaviour from Core on this.
Proposal submitters request funding at their own risk, if they haven’t taken heed of the advice by Core Inc that the first couple of months after their year end (June) would be heavy on the proposals then that’s on them I’m afraid.
Walter
What you seem to propose - funding the taxes within the tax period - would have increased our tax obligations by about 30% both in fiat and Dash amounts.
Then you'll be missing $150,000 every month, even if you request 100% of the budget. Are your employees safe and secure with this situation? Do you think current Dash investors that have a minimum understanding of balance sheets are happy? Do you think any new investor is going to consider buying into the project?
You don't want to pay 30% tax but what you're putting Dash through is just not worth the risk. Masternodes have spent so much money on stupid fucking shit that brings no returns and no value, and you don't get involved. Realize that the only source of income for your company is the Dash budget, and that you need to put your talent, experience, responsibility into it as well, otherwise we will spend that shit on anything we please.
Going back to the buffer, you are jeopardizing the whole project by not taking the god damn money from the budget for the important stuff. All it takes is for Dash for fall a bit more and stay there for a few months and you're out of business.
So far you've had a smooth ride as CEO because masternodes don't care that you don't deliver. You don't need to show results as long as they get their done of bullshit every quarter. If they did, and you're forced to deliver on you promises "or else", I bet you could get pretty creative. Maybe you could have requested $500k extra and distributed as bonuses to your employees for successful and on time deliveries. Or paid the useless business development department of your company a few hundred thousands to motivate them to deliver anything.
Or maybe hired a true marketing manager and not a well intentioned lawyer to at least do a bit of marketing on the shit you're doing. I bet you've spent a whole lot of time, money and energy on the New Zealand trust and 0.002% of the market knows about it. Hell even I don't know exactly how this works and I have masternodes. It bothers me that you're trying to be politically correct when shit is about to hit the fan. Request more money, give fucking bonuses to your employees, give money to your business development, hire proper marketing, don't let us do whatever we want with the budget and give your opinion on proposals. And for fucks sake deliver an Evolution roadmap!
Complaining now about what you believe ought to have been done then--and where you with this sage advice then?--isn't really helpful.
The DAO will be around and continue to be around even if Core fails spectacularly. It will just have to reconfigure and reinvent itself. Obviously no one wants that outcome, but these sorts of fears are unwarranted. Perspectives were skewed by the run-up of last year. We're still well on track, the only difference is Core's expansion, but it was arguably necessary for the scope of the product they're going to deliver.
Your assertions that BizDev is useless are simply false, to the degree that it seems like you don't pay attention to any of the news and base your assessment of Core's activities on relative CMC ranking. We've had announcements of integrations and accomplishments almost every week since the beginning of the year. DFN is constantly pumping articles about them out. Where have you been hiding?
Nothing is going to hit the fan, we're doing just fine on our year-on-year projections. The end of last year was a fluke.
Look, if you don't feel like you have what it takes to do this job, then when the DIPs come out, give your votes to someone who can hold themselves together, or hell, even to someone who will make the most ruthless, cold, calculating business decisions without emotion possible. If you think the sky is falling when we're still worth more than we were this time last year, I don't know what to tell ya...
No, we are not on track. We are in July and Dash Core can't deliver a fucking roadmap after 2 years, do you want to make a bet with me for 100 Dash on Augur that Evolution does not come out in 2018?
The presence or absence of a roadmap is not the same thing as the presence or absence of progress on development. I can understand the frustration of the absence of a roadmap, but based on the descriptions of development completion by DCG members current and former which have been made in public spaces, it's not worrisome.
Even Ryan's recent interview confirmed that we should have that information around the Q2 review. You need to keep up to date if you're going to prognosticate, even hypothetically.
Walter
Suggestion to reverse that? Stop trying to please masternodes, they are a bunch of cheerleaders who will clap and cheer no matter how bad things are going. Please the market instead. Make everyone accountable for broken promises and when you do promise something, fucking deliver. Alt36, Acrobatics planes, MMA fighters, Music festivals, Ben Swanns, it didn't make any difference did it? Now use the god damn budget to create an 18 month buffer, pay large bonuses for your employees, pay bonuses for new business developments integrations - Bradley's department - (who hasn't done anything in 7 months, how much longer are we waiting?) and use marketing funds to change Dash's image in the crypto space, where it has a really bad reputation. And it doesn't get better when you let people fuck up the reddit community by letting anyone moderate.
Finally, stop being naive. Do you know what fucking "mass adoption" looks like? 30,000 new online merchants per month, not 200 retail venezuelan businesses. Wake the fuck up!
I understand you are upset, but we are business people just working to provide real solutions to the network, we are the same people of Dash Help (the first support center of a crypto in the world), and we are developing Dash Text (the first SMS wallets exclusively for Dash).
These are not small things man, we need that the whole fu%$# world knows about what we are developing here. These are real news that will create REAL interest from investors.
Looking forward to your response.
Best,
Alejandro
Really, though, why would anyone take seriously the "contributions" of a perpetually toxic person who is consistently rude and dismissive to literally everyone?
You haven't been keeping up to date with information. Ryan's recent interview gave a very good forecast for a timely completion of Evolution as well as the finalization of Dash Ventures. All indications were that there was no reason to believe that either would fall beyond the pre-indicated timeframe.
The disparities in funding are primarily a function of price--which is a feature more of the irrational market more than anything else, our price relative to BTC hasn't fallen that much--and the multiple "camps" within the DAO who have different concepts of what Dash is, what Dash ought to be, and how Dash ought to accomplish its goals.
Bradley's been working on all sorts of things. I can think of at least a half dozen major integrations off the top of my head in which he was instrumental. You're either just ignorant or impatient waiting for those integrations to translate to movement on the blockchain. Your sense of the business cycle has been warped by the crypto speculation cycle.
The problem with Dash is not that it has a *bad* reputation, but that it doesn't really have much of any reputation. Sure, there are the Monero-fueled FUDers who to this day propagate all manner of refuted falsities, but by and large the perception of Dash is not intrinsically negative. It could definitely stand to be improved, but that doesn't fall solely on Core. Instead of showing up once a month to take a dump on DashCentral, you could maybe get involved in the community and help us flesh out alternative projects and ideas for making a positive contribution to Dash marketing.
How did I know you were a Redditor? Figures. Pretty sure not much has changed about the moderating habits of Reddit, even if a few more names have been added to the roster and constraints on behavior attached. That too was approved by vote, btw.
Yes, I'm pretty sure everyone has an awareness of what Mass Adoption looks like. That's the goal. Venezuelan retail is one small part of a larger push in Venezuela, and these efforts are distinct from large scale integrations. Don't get your wires crossed.
Pick one.
I don't think cheerleading has anything to do with verbosity. At any rate, I've offered several criticisms that I believe to be reasonable on a number of occasions, I'm just not as reactionary as a lot of the more investment-driven community members seem to be. The market will probably need to retest its launching point after correcting for last year's absurdities, and sometimes that entails going even below the "bottom" temporarily. There are so many things on the horizon for Dash specifically and cryptocurrency generally, I just don't see any reason to be as concerned and emotional many others, even though Dash factors heavily in to my livelihood, though the latter is motivation to do what I can to ensure the best possible outcomes.
The Venezuela projects are working and the rate of uptake is increasing monthly. I don't understand core's marketing strategies wasting time and money in developed countries there are too many barriers to entry. Venezuela is the perfect place to establish DASH first. If we can't do it there then you may as well forget it anywhere else. The law is pro crypto with the government issued a decree for the people to use crypto legally, no other country has done that to that level. The people need and want it. We just have to work it and stop wasting funds on stupid projects like MMA fighters which I thought was one of the dumbest projects along with sponsoring characters like Charlie Shrem without doing due diligence. All that wasted money. We need to focus our efforts on the location where we are most likely to get success and that location is Venezuela. If you think otherwise then you should consider taking your own advice on your last sentence above.
That being said, it is also the case that grassroots efforts can be important to gaining traction and can serve as a stepping stone to mass adoption in other contexts. Working in the struggling or developing World vs. the technocratic developed World are two very different pursuits, both have merit and potentially rewarding outcomes. It's not either/or.
If you want to contribute, to the development of the idea of MNOS funding subDAOs in Venezuela then MNOs could you contribute your thoughts at least to this forum thread: https://www.dash.org/forum/threads/creating-a-venezuela-dao-to-create-the-first-dash-nation.39188/
Walter
Yes I want people to be able to lie and shit on Dash because at least then I am sure I am not being tricked. I am sure I hear all voices - even the ones I disagree with.
Cryptocurrency is supposed to be about freedom and that includes freedom of speech.
I'm on several other Discords and Subreddits...I haven't found that to be the case in any of those instances aside from the subscribers we lost on the Dash subreddit when we changed names/branding. We must visit very different Discord channels and Subreddits.
We are developing a feelance platform for Dash. And the massive adoption took place without anyone giving us anything in return.