Tumblr Governance in Bitcoin sometimes seems like kids playing tug-of-war.
Unfortunately for Dash right now, Bitcoin, the market leader in the space, is an unmitigated train wreck. First was the block size debate that raged on for years, leading to a fork and two different Bitcoins created. As if that wasn’t enough, the newly created currency Bitcoin Cash encountered its own governance crisis, ultimately leading to two forks as well.
This happens because Bitcoin has no clear way of knowing what the community consensus is for direction. Other than social media, which can be gamed and is sometimes rampant with censorship, with massive egos claiming superiority, BTC has no governance mechanism to rely on.
Thanks to the invention of incentivized masternodes, Dash does not have this problem. There are some strong personalities in Dash, and there is no shortage of disagreements, just like any other large crypto community. The difference with Dash is, we never dwell on arguments long enough to create irreconcilable differences.
Differing ideas are presented, debated, and voted on by the decentralized group of large stakeholders (masternodes).
The result is respected, and the currency moves forward, with nothing but a few bruised egos. The doomsday scenario of a fork does not materialize, due to a clear way to decide on future direction.
Because of this, we stay positive for the future. I explain how Dash’s governance system works in this video. Dash concerns itself with development and use, not price
It’s really incredible when you visit a Dash communication forum.
There are a few die-hards who like to talk about price, but the majority remain razor-focused on development and adoption. The confidence that comes from Dash’s innovations leads to this attitude. Also the fact that Dash aims to be used as a day-to-day money leads this to be high on our priority list.
We celebrate the usage of Dash in far-off places like Nigeria, Germany, and Venezuela. We help the development team create new versions with even smoother features. We tip each other constantly in Dash, creating new transactions on the blockchain.
We recently performed a stress test where we had over 3 million Dash transactions in a 24-hour period, a record in the industry. This did not get much coverage, of course, but it happened.
For Dash’s usage, we stay positive for the future.
If Dash were the market leader, things would have been different in 2018
Leading by example is something that Dash is great at. Stable, secure, fast operations, and a unified community is the reality here. Compare that to the never-ending drama in Bitcoin, and you can see that Dash really should be given a shot to assume this role one day.
I’m not saying that Dash would have prevented the bear market, because crypto markets are heavily manipulated. I am saying, however, that if Dash’s stability and innovations were put into the spotlight the same way that Bitcoin’s failures were, the bear market may not have been so long. The added infrastructure investment that would befit a digital currency that has its act together may have reversed the bear at some point in 2018 as well. In short, the network keeps growing despite the price declines and the reduced speculation. Proud to see the strategy working on the metrics that determine long-term success.
Heads down… we are getting there! — Ryan Taylor (@RTaylor05) December 6, 2018 Dash Core Group CEO reflects the thinking of Dash Nation. Watch out for Dash in 2019!
Despite the fact that Dash’s accomplishments get the silent treatment and we feel sometimes like we are yelling into a sound-proof room, the momentum doesn’t stop. Dash’s community continues to grow, innovations keep coming, and adoption is happening globally.
Bitcoin had its chance to lead, and it’s doing a miserable job. It really needs to make way for a project that knows how to lead by example, and could quite possibly help lift the whole industry out of the mess it’s in.
If you are new to Dash and just reading about it for the first time, or you thought that we were a scam coin, I don’t blame you. That’s the way it’s been during Dash’s short history. Share this article, help us get the word out! You are welcome to join us in Dash Nation as we help forge the future financial freedom for many around the world.
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