Dash and corruption to the core

in #dash8 years ago

Dash's Rotten Core

Much is said about dash's funding mechanism but, unfortunately, it is weak and corrupt to the core.

Anyone can submit a grant from dash's treasury. In response, collateralised masternodes vote and the money is either granted or denied. Unfortunately, masternodes have little or no control over the strategic direction of dash. Indeed, dash's Core team are consistently opaque in their operations, justifying their secret decisions by citing Non-Disclosures Agreements (NDAs) to close deals.

What follows is an example of how dash's Masternode Operators (MNOs) are regularly mislead / mis-sold budget proposals. As you will see, dash's budgeting system is not only operating in unchartered waters, it is in my opinion potentially operating illegally.

Compliance and Contempt

In August 2016, Robert Więcko (kot) - under the guise of "Project Manager" - made a proposal to attend a "monthly blockchain, Bitcoin and startup event". In that proposal, there was no direct mention of Coinfirm or AML/KYC compliance. Here is the original proposal:
https://www.dashcentral.org/p/warsaw-conf-aug2016

You'll notice a link was provided to satoshi.pl - a website primarily in Polish and with minimal mention of Coinfirm. In Robert Więcko's proposal, he failed to directly mention AML/KYC or provide a direct link to coinfirm.io. Oversight or deceit?

As events unfolded, it became apparent that Mr Więcko was being disingenuous with his proposal. In an interview with Amanda B. Johnson, Pawel Kuskowski (CEO and co-founder of Coinfirm) admits he had reached out to Mr Więcko prior to the event. None of this was directly stated in Mr Więcko's proposal, but given the enormity and implications for dash, one might think it was materially important. Here is the interview between Amanda, Mr Więcko and Kuskowski. The interview was held after funding had passed. The relevant statements begin at 3:06 and confirmed at 9:56...

It should also be noted, within dash Mr Więcko's job title is "Project Manager" yet his background is in banking and, in particular, compliance. This is confirmed at 27:05 of Amanda's interview, much to her surprise. Yet another omission from Mr Więcko's proposal, or just shy to talk about AML/KYC when trying to raise money? Well, you'll notice there's a link in Mr Więcko's proposal to the dash forum.. and surprise surprise, there is no mention of AML/KYC compliance or Coinfirm. In fact, the dash community was being sold an opportunity for dash to be promoted in Poland:
https://www.dash.org/forum/threads/dash-on-warsaw-block-on-25-08-2016.10211/

A subsequent search reveals a meetup page that states the event was being presented and hosted by Coinfirm and the Coinfirm Blockchain Lab. Again, this meetup page was not disclosed to MNOs in Mr Więcko's proposal or in the related dash forum. You can see Mr Więcko's name at the bottom of the meetup page:
https://www.meetup.com/Warsaw-Block-Monthly-Blockchain-Bitcoin-and-Startup-event/

Mr Więcko has correctly stated that in his financial world, there are rules and regulations. And it is my understanding that when someone is attempting to raise money, they should not omit something that is materially significant. It is my assertion, given Mr Więcko was in full knowledge of Coinfirm's attendance and intention, and given his opacity during his money raising, that such matters should be raised with securities regulators.

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Robert Więcko (kot) - under the guise of "Project Manager"

That's the guy that gave me the boot when I was on the Dash Core Team. I left and never looked back. Those guys do not have the best intentions at heart. It's much more friendly and open here on Steemit/busy.

Evan Duffield didn't even reply to me in the Slack channel when I told him what happened. I got stabbed in the back pretty hard. No love there.

Evan Duffield does not respond to much, he wants to make Dash a succces and want to work on it for years and years to come, using his own dash holdings if need it to fund these projects.

He simply does not have the time for you for that reason. Dash is building stuff, and they are not spending time on concerned Trolls such as you.

And if you ever worked for Dash Core Group and this is how you talk about it, it's clear they made the right move, MNO would have had to kick you out otherwise.

If you don't even no the truth behind steemit, that shows you lack the skils in this field as well.
DPOS = not decentrilzed enough.

Read up on who decentrilzed steemit is
https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156

How is it illegal to sell cryptos for services? There is no AML compliance requirement when buying goods and services in about 90% of countries, as well as AML requirements for Crypto-to-Crypto exchanges. The only AML required is for when user sells dash for dollars or bitcoin for dollars, the whole point of decentralization is to allow anything that is possible to occur, so if you are worried about some payment process being "possibly illegal", cryptos are not the right space for you. 100% of monetary instruments, commodities, currencies, and everything that all cryptos fall under facilitate and operate in an illegal fashion without external provisions to begin with.

Unless there is a written contract for quid-pro-quo involved, these transactions would likely fall under donations, i.e. a kickstarter project with no rewards promised.

If anyone is interested in seeing just how ridiculously unreasonable this FUD is, just go to where this topic was discussed on the dash forum: https://www.dash.org/forum/threads/dash-has-cancer-take-a-look-at-the-xray.13145

"Rotten core." lol the trolls are out again.

My exact response waiting for Dash Evolution. How many years has that been in development?

Not as long as the official monero GUI wallet ;)

Monero GUI wallet, is much much much less complex than Dash evolution.