{"id":17018,"date":"2016-04-19T01:00:20","date_gmt":"2016-04-18T17:00:20","guid":{"rendered":"https:\/\/www2019.dash.org\/2016\/04\/19\/first-quarter-2016-dash-expense-report\/"},"modified":"2021-09-18T11:40:12","modified_gmt":"2021-09-18T11:40:12","slug":"first-quarter-2016-dash-expense-report","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/first-quarter-2016-dash-expense-report\/","title":{"rendered":"First Quarter 2016 Dash Expense Report"},"content":{"rendered":"
https:\/\/dashtalk.org\/threads\/first-quarter-2016-expense-report.8691\/<\/p>\n
In an effort to provide greater transparency to the community on how proposal funds are being spent, we are providing the following financial report covering Q1 budget proposals and expenses.<\/p>\n
The core team budget proposals for Q1 included the following:
\n\u2013 Core Team \u201cSalary\u201d
\n\u2013 Dash.org Reimbursement
\n\u2013 Liquidity providers
\n\u2013 Transform.PR
\n\u2013 Lamassu ATM Integration
\n\u2013 Satoshi Roundtable
\n\u2013 Public Awareness<\/p>\n
Most of these budget items are pretty straightforward (e.g., reimbursements for expenses, defined contracts). However, we would like to provide more insight into each of these items. Daniel also provided valuable details on the Public Awareness budget \u2013 the only core team budget with significant spending discretion \u2013 which he manages.<\/p>\n
There were also numerous community-sponsored budget proposals that were funded during the quarter. These included reimbursement for expenses for building and displaying the Dash soda vending machine at the The North American Bitcoin Conference, sponsorship of the Daily Decrypt, the WiFi Portal project, and interview sponsorships on\u00a0JuanSGalt<\/a>\u2018s Disruptek channel on YouTube. While the core team will only be reporting on the projects under its sponsorship, you can see that there were many other great efforts funded by the budget this quarter.<\/p>\n Core Team \u201cSalary\u201d<\/b> Dash.org Reimbursement<\/b> Liquidity Providers<\/b> Transform.PR<\/b> Dash Increases Its Block Size as Founder Confirms Instantaneous Transactions<\/a> Lamassu ATM Integration<\/b> Satoshi Roundtable<\/b> Public Awareness is the only budget item where the core team has significant discretion on how the monies are spent. Some of the information in this post has been published before. Daniel compiled it again here for the benefit of everyone having this information in one place, including the associated expenses. These are the major components of the Public Awareness spending during the quarter:<\/p>\n Original Project Description from the 2015 Q4 report:<\/b><\/p>\n \u201cWe contracted a partnership with Chinese PR service that works with 8BTC the number 1 Chinese forum and media site for\u00a04BTC per month<\/b>, of which we have already paid the first month. This has been a breakthrough for us in China and has provided a way better sense of direction. Before we went into this program the Dash section in 8BTC was still under the Darkcoin brand, had no new content and very little attention. As a result of this program the Dash section was updated, everything related to Darkcoin was converted to Dash and they have provided a lot of guidance in our efforts to reach the Chinese audience. We also started translating and publishing any articles we got on the West campaign into 8BTC we even got our Chinese version of the video to be on an article on the front page of 8BTC. Please check for details:\u00a0www.8BTC.com\/dash<\/a>\u201d<\/b><\/p>\n<\/div>\n<\/div>\n a) CryptoMediaHub.com 3.6846\u00a0BTC<\/acronym> Printed Magazine:<\/b><\/p>\n These are the exact numbers, but since different initiatives come denominated in different currencies and were transacted at different times the total value is difficult to value precisely. With the intent to give an approximate overall value I am going to use an average rate of 4 USD \/ Dash and 400 USD \/\u00a0BTC<\/acronym>\u00a0to be conservative.<\/p>\n That would give us a total approximate value of $26,799.32 USD for the Public Awareness initiatives.<\/p>\n We feel very pleased with the results in terms of growth of awareness during Q1 2016. We have seen the Dash project consolidate and many non-core team projects emerge from the governance system which shows the network is maturing. At this point in time the core team is focusing more on development and building access gateway infrastructure and there is now a great group of community volunteers leading the way in the PR and marketing area, although some smaller initiatives like our Chinese promotion will continue.<\/p>\n Questions \/ Comments:<\/b><\/p>\n We are working hard to provide the community with value and transparency to a greater extent than other crypto currencies. If you have questions, concerns, or congratulations about the budgets, feel free to reach out to me, or post comments publicly here. We are eager to hear feedback and ideas. Thanks!<\/p>\n Ryan Taylor<\/p>\n<\/div>\n <\/p>\n <\/p>\n <\/p>\n \u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014<\/p>\n","protected":false},"excerpt":{"rendered":" https:\/\/dashtalk.org\/threads\/first-quarter-2016-expense-report.8691\/<\/p>\r\n In an effort to provide greater transparency to the community on how proposal funds are being spent, we are providing the following financial report covering Q1 budget proposals and expenses.<\/p>\r\n The core team budget proposals for Q1 included the following: Most of these budget items are pretty straightforward (e.g., reimbursements for expenses, defined contracts). However, we would like to provide more insight into each of these items. Daniel also provided valuable details on the Public Awareness budget – the only core team budget with significant spending discretion – which he manages.<\/p>\r\n There were also numerous community-sponsored budget proposals that were funded during the quarter. These included reimbursement for expenses for building and displaying the Dash soda vending machine at the The North American Bitcoin Conference, sponsorship of the Daily Decrypt, the WiFi Portal project, and interview sponsorships on\u00a0JuanSGalt<\/a>‘s Disruptek channel on YouTube. While the core team will only be reporting on the projects under its sponsorship, you can see that there were many other great efforts funded by the budget this quarter.<\/p>\r\n Core Team \u201cSalary\u201d<\/b> Dash.org Reimbursement<\/b> Liquidity Providers<\/b> Transform.PR<\/b> Dash Increases Its Block Size as Founder Confirms Instantaneous Transactions<\/a> Lamassu ATM Integration<\/b> Satoshi Roundtable<\/b> Public Awareness is the only budget item where the core team has significant discretion on how the monies are spent. Some of the information in this post has been published before. Daniel compiled it again here for the benefit of everyone having this information in one place, including the associated expenses. These are the major components of the Public Awareness spending during the quarter:<\/p>\r\n Original Project Description from the 2015 Q4 report:<\/b><\/p>\r\n \u201cWe contracted a partnership with Chinese PR service that works with 8BTC the number 1 Chinese forum and media site for\u00a04BTC per month<\/b>, of which we have already paid the first month. This has been a breakthrough for us in China and has provided a way better sense of direction. Before we went into this program the Dash section in 8BTC was still under the Darkcoin brand, had no new content and very little attention. As a result of this program the Dash section was updated, everything related to Darkcoin was converted to Dash and they have provided a lot of guidance in our efforts to reach the Chinese audience. We also started translating and publishing any articles we got on the West campaign into 8BTC we even got our Chinese version of the video to be on an article on the front page of 8BTC. Please check for details:\u00a0www.8BTC.com\/dash<\/a>\u201d<\/b><\/p>\r\n<\/div>\r\n<\/div>\r\n Printed Magazine:<\/b><\/p>\r\n
\nThe core team is currently allocated 1,176 Dash per month for \u201csalary\u201d. I place \u201csalary\u201d in quotes because at current prices, this amount is little more than a token recognition of the work being done by the core team members, many of whom transitioned to full-time status in the last few months. During the quarter, these funds were used to recognize the contributions of 19 individuals that provided substantial support to core team initiatives. This budget is fully distributed every month.<\/p>\n
\nThis budget proposal was meant to run from December through March to reimburse\u00a0eduffield<\/a>\u00a0(Evan),\u00a0Minotaur<\/a>\u00a0(Daniel), and\u00a0kot<\/a>\u00a0(Robert) for the purchase of the dash.org domain name late last year. The approved budget was for a total of 8,400 Dash spread over 4 months. The January through March payments distributed as expected, but due to an error, all December budgets were not paid. A new budget item this quarter replaces the missed December payment starting in April.<\/p>\n
\nThe Liquidity Providers budget proposal funds the hosting of six wallets on the network \u2013 each operated by community members \u2013 which constantly mix coins. This provides users with much faster mixing times and a better user experience with our privacy features. The budget called for 140 Dash per month compensation for these community members. The funding address is controlled by\u00a0yidakee<\/a>\u00a0(Tiago) \u2013 who administers the program \u2013 and distributed from there to the other community members providing the services. The liquidity provider proposal was voted out starting in March, so only January and February payments were made. The team of volunteers have continued to provide liquidity to the network despite the defunding of the proposal. Part of the reason it was defunded was due to the cost, as Dash\u2019s value has appreciated so much in the last 6 months. We have resubmitted the Liquidity Provider funding request at a lower payment amount to regain support for this valuable service. If you have not already done so, please vote out the original Liquidity Providers proposal and cast your vote on the new v2 Liquidity Providers proposal.<\/p>\n
\nDuring Q1, we contracted public relations services through Transform.PR. The original intent was to have a three month contract with Transform.PR extending from January to March. The contract was denominated in USD at $6,000 \/ month. Funding was primarily to be provided through the Public Awareness budget, but a separate proposal of 1,100 Dash was approved beginning in January to supplement the costs. This was one of our major promotion initiatives in January 2016. The focus was on press release distribution and lobbying with the media to promote organic articles on Dash related topics. Unfortunately, the proposal was voted down before the January results were even reported, so only the first month was funded. Nonetheless, we saw a significant number of articles in a variety of publications during the month of January resulting from this proposal \/ contract.<\/p>\n
\nDash Plans Integration into Lamassu ATMs with Bitcoin<\/a>
\nA Conversation with Evan Duffield, Founder of Dash<\/a>
\nDash announces blocksize increase<\/a>
\nVirtual Currency Developer Plans to Survive the \u2018Death\u2019 of Bitcoin<\/a>
\nDash Set to Take Cryptocurrency Ecosystem By Storm<\/a>
\nDash Founder: Cryptocurrency World Needs More Capacity Than Just Bitcoin<\/a>
\nDash To Become The First Alternative To Bitcoin Offered By The Lamassu ATM Project<\/a>
\nDash N \u2018Drink: buy sodas from vending machines with this cryptocurrency<\/a>
\nDASH Block Size Increase Reaches Consensus in Less Than 24 hours \/Cryptocurrency news<\/a>
\nDash Block Size Increase to 2 MB Has Been Accepted<\/a>
\nDASH Block Size Increase Reaches Consensus in Less Than 24 hours<\/a>
\nDash doubles block size<\/a>
\nThe North American Bitcoin Conference 2016: Day 1<\/a>
\nLeapfrogging Bitcoin, Dash Adopts 2MB Block Sizes<\/a>
\nDash\u2019s 2nd Birthday: We Are Complementary To Bitcoin, Not A Competitor<\/a>
\nDash Cryptocurrency Secures Trademark Rights, Moves to Increase Block Size to 2 MB<\/a><\/p>\n
\nWe have a support contract with Deginner to integrate Dash into the Lamassu ATM network. The contract with Deginner is denominated in Dash, consisting of 12 monthly payments of 610.26 Dash each. Although the final payment will be in December 2016, the contract actually provides 24 months of support through the end of 2017, including the integration of Dash into any future releases of Lamassu\u2019s code. A first version of the software has been released by Deginner and a working demonstration video has been posted. Additional versions are already planned which will make integration on existing machines much easier for ATM operators. Payments for these services are paid directly to Deginner each month.<\/p>\n
\nDaniel and Evan attended the Satoshi Roundtable in January. A budget proposal of two months at 717.70 Dash per month was approved to reimburse Evan\u2019s and Daniel\u2019s cost of attendance. These two payments were completed as of the March payment cycle.<\/p>\n<\/div>\n\n
\n
\nb)\u00a0Dash Stickers: 77.43 DASH
\nc) Tungfa Flight Reimbursement (HK-MIA) + Hotel: $1371.00 USD + $600 USD<\/div>\n<\/div>\n\n
\n
\nb) BTCMedia.org 13.273083\u00a0BTC<\/acronym>
\nc) International Sites 2.4424\u00a0BTC<\/acronym>Activities:<\/b><\/p>\n\n
\n
\n
\n
\n
\n
\nhttps:\/\/soundcloud.com\/sovereignbtc\/dan-diaz-dash-final<\/a>IV) The Tatiana Show with Daniel Diaz:<\/b>
\nhttps:\/\/liberty.me\/live\/the-tatiana-show-dash-digital-currency\/<\/a><\/div>\n<\/div>\n<\/div>\n
\nDash Article + participation in poster of industry leaders. This magazine is distributed to 40,000+ issues printed quarterly, 200k readers. Dash appears in the current issue:
\nhttps:\/\/issuu.com\/ybitcoin\/docs\/ybitcoinmagazine?e=10006647\/34143437<\/a>
\nhttps:\/\/ybitcoin.com\/poster\/<\/a><\/div>\n<\/div>\n<\/div>\n\n
\n
\n
\n
\r\n– Core Team \u201cSalary\u201d
\r\n– Dash.org Reimbursement
\r\n– Liquidity providers
\r\n– Transform.PR
\r\n– Lamassu ATM Integration
\r\n– Satoshi Roundtable
\r\n– Public Awareness<\/p>\r\n
\r\nThe core team is currently allocated 1,176 Dash per month for \u201csalary\u201d. I place \u201csalary\u201d in quotes because at current prices, this amount is little more than a token recognition of the work being done by the core team members, many of whom transitioned to full-time status in the last few months. During the quarter, these funds were used to recognize the contributions of 19 individuals that provided substantial support to core team initiatives. This budget is fully distributed every month.<\/p>\r\n
\r\nThis budget proposal was meant to run from December through March to reimburse\u00a0eduffield<\/a>\u00a0(Evan),\u00a0Minotaur<\/a>\u00a0(Daniel), and\u00a0kot<\/a>\u00a0(Robert) for the purchase of the dash.org domain name late last year. The approved budget was for a total of 8,400 Dash spread over 4 months. The January through March payments distributed as expected, but due to an error, all December budgets were not paid. A new budget item this quarter replaces the missed December payment starting in April.<\/p>\r\n
\r\nThe Liquidity Providers budget proposal funds the hosting of six wallets on the network \u2013 each operated by community members \u2013 which constantly mix coins. This provides users with much faster mixing times and a better user experience with our privacy features. The budget called for 140 Dash per month compensation for these community members. The funding address is controlled by\u00a0yidakee<\/a>\u00a0(Tiago) – who administers the program – and distributed from there to the other community members providing the services. The liquidity provider proposal was voted out starting in March, so only January and February payments were made. The team of volunteers have continued to provide liquidity to the network despite the defunding of the proposal. Part of the reason it was defunded was due to the cost, as Dash\u2019s value has appreciated so much in the last 6 months. We have resubmitted the Liquidity Provider funding request at a lower payment amount to regain support for this valuable service. If you have not already done so, please vote out the original Liquidity Providers proposal and cast your vote on the new v2 Liquidity Providers proposal.<\/p>\r\n
\r\nDuring Q1, we contracted public relations services through Transform.PR. The original intent was to have a three month contract with Transform.PR extending from January to March. The contract was denominated in USD at $6,000 \/ month. Funding was primarily to be provided through the Public Awareness budget, but a separate proposal of 1,100 Dash was approved beginning in January to supplement the costs. This was one of our major promotion initiatives in January 2016. The focus was on press release distribution and lobbying with the media to promote organic articles on Dash related topics. Unfortunately, the proposal was voted down before the January results were even reported, so only the first month was funded. Nonetheless, we saw a significant number of articles in a variety of publications during the month of January resulting from this proposal \/ contract.<\/p>\r\n
\r\nDash Plans Integration into Lamassu ATMs with Bitcoin<\/a>
\r\nA Conversation with Evan Duffield, Founder of Dash<\/a>
\r\nDash announces blocksize increase<\/a>
\r\nVirtual Currency Developer Plans to Survive the ‘Death’ of Bitcoin<\/a>
\r\nDash Set to Take Cryptocurrency Ecosystem By Storm<\/a>
\r\nDash Founder: Cryptocurrency World Needs More Capacity Than Just Bitcoin<\/a>
\r\nDash To Become The First Alternative To Bitcoin Offered By The Lamassu ATM Project<\/a>
\r\nDash N ‘Drink: buy sodas from vending machines with this cryptocurrency<\/a>
\r\nDASH Block Size Increase Reaches Consensus in Less Than 24 hours \/Cryptocurrency news<\/a>
\r\nDash Block Size Increase to 2 MB Has Been Accepted<\/a>
\r\nDASH Block Size Increase Reaches Consensus in Less Than 24 hours<\/a>
\r\nDash doubles block size<\/a>
\r\nThe North American Bitcoin Conference 2016: Day 1<\/a>
\r\nLeapfrogging Bitcoin, Dash Adopts 2MB Block Sizes<\/a>
\r\nDash\u2019s 2nd Birthday: We Are Complementary To Bitcoin, Not A Competitor<\/a>
\r\nDash Cryptocurrency Secures Trademark Rights, Moves to Increase Block Size to 2 MB<\/a><\/p>\r\n
\r\nWe have a support contract with Deginner to integrate Dash into the Lamassu ATM network. The contract with Deginner is denominated in Dash, consisting of 12 monthly payments of 610.26 Dash each. Although the final payment will be in December 2016, the contract actually provides 24 months of support through the end of 2017, including the integration of Dash into any future releases of Lamassu\u2019s code. A first version of the software has been released by Deginner and a working demonstration video has been posted. Additional versions are already planned which will make integration on existing machines much easier for ATM operators. Payments for these services are paid directly to Deginner each month.<\/p>\r\n
\r\nDaniel and Evan attended the Satoshi Roundtable in January. A budget proposal of two months at 717.70 Dash per month was approved to reimburse Evan\u2019s and Daniel\u2019s cost of attendance. These two payments were completed as of the March payment cycle.<\/p>\r\n<\/div>\r\n\r\n
\r\n
\r\n\u00a0Dash Stickers: 77.43 DASH
\r\nc) Tungfa Flight Reimbursement (HK-MIA) + Hotel: $1371.00 USD + $600 USD<\/div>\r\n<\/div>\r\n\r\n
\r\n
\r\n\u00a0BTCMedia.org 13.273083\u00a0BTC<\/acronym>
\r\nc) International Sites 2.4424\u00a0BTC<\/acronym>Activities:<\/b><\/p>\r\n\r\n
\r\n
\r\n
\r\n
\r\n
\r\n
\r\nhttps:\/\/soundcloud.com\/sovereignbtc\/dan-diaz-dash-final<\/a>IV) The Tatiana Show with Daniel Diaz:<\/b>
\r\nhttps:\/\/liberty.me\/live\/the-tatiana-show-dash-digital-currency\/<\/a><\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\nDash Article + participation in poster of industry leaders. This magazine is distributed to 40,000+ issues printed quarterly, 200k readers. Dash appears in the current issue:
\r\nhttps:\/\/issuu.com\/ybitcoin\/docs\/ybitcoinmagazine?e=10006647\/34143437<\/a>
\r\nhttps:\/\/ybitcoin.com\/poster\/<\/a><\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n
\r\n
\r\n
\r\n