DashMoney is the idea to use Dash as Money. Dash is the cryptocurrency started by Evan Duffield.
This webpage distributes the Name-Wallet that has been build over the past several months. (OCT2024 - FEB2025)
You will also find here, links to the Approach #2 Merchant Frontends that have been built, so any entrepreneur that wants to use Dash as Money can get started.
Please check out the video, to see DashMoney in action.
To understand how the Name-Wallet works prior to download, you can tryout it out in your browser at ProofofDash.com.
Delayed - Time to Resolve Undetermined
Determining best way to resolve signing requirement.
Download
Github Link
This is the Name-Wallet for download. Currently, only available for testnet usage.
Set AppImage to executable in order to run application.
This is the Name-Wallet for download. Currently, only available for testnet usage.
Signing was not performed on this Windows distributable.
Everything will remain "testnet only" until the new DCG SDK is released.
When released, Proxy Accounts will be implemented with Identities instead of wallets, and the Platform proofs will be added to the Name-Wallet.
There will be a video to showcase when complete.
To operate your own Dash Merchant Frontend just visit the Github link below, and follow the README instructions.
There was once a valley with mountains on each side, that was filled with a patchwork of farms and simple homes. It was a simple village.
The people all collected rainwater for their needs, and the ground held all they needed to grow crops and produce feed for their livestock. Theirs was a simple life.
One day, the villagers came together and decided, they needed to do something in case they were attacked or there was an emergency.
There was a pile of stones in the center of the valley, most likely left over from when the fields were cleared. And they decided that they should use these stones and build a small keep for safety. After building the stone walls, all the people chose the most virtuous and righteous man in the village to be in charge of the keep.
The man-in-charge began by sorting out the depression in the ground at the center of the keep, left from moving the stones used for the walls. It was made tidy and covered, so no one would fall in. It was work made difficult by the water that kept collecting at the bottom.
Then one hot summer day, not any hotter than any normal, hot sunny day. In the marketplace nearby the keep, someone remembered the water in the keep, and went and asked the man-in-charge for some.
The man-in-charge, the most virtuous and righteous of all, gave the water to those that asked.
Then another man, a farmer that lives close to the keep asked, “If I were to have some extra water for my animals, I could give an animal for the annual harvest festival.” The man-in-charge agreed.
Soon harvest time came, people celebrated, and the animal purchased with the extra water was cooked and enjoyed by those who attended the festival.
But at the edges of the valley, farthest from the keep, farmers realized that their crops did not produce as well as usual. They thought it was just a bad season.
The next year came and villagers closest to the well benefited the most as the man-in-charge made water deals with other farmers near the keep and gave water freely to the people in the marketplace. The man-in-charge was celebrated for his accomplishments by all.
This year the farmers on the edge of the valley, could not produce enough to live on, so they fled to the center of the valley and the man-in-charge gave them jobs delivering water, and he helped all that came.
The next year more people came as their farms failed. Their farms weren’t even on the edge of the valley. They would seek work from the man-in-charge, and many built make-shift shelters along the wall of the keep.
The more the man-in-charge helped, the more people came and sought help. And no matter how much he helped, there was always more need.
But the man-in-charge only did good, he provided for all that came. Nothing he did was hidden. He was most generous and virtuous. All he did was help and provide what was good. He only did what was good and right.
But the more water they pulled up, the deeper the next scoop would need to be. Soon nothing could be done without the water in the keep. Long lines formed everyday. Any that hoarded rain water became fearful.
The villagers started to have conflicts among themselves. Claims of thievery and liars were rampant. Some blamed bad luck, some the man-in-charge. All were in need.
Then one night, a fire broke out among the numerous shelters on the walls of the keep. A rush for the well, a fight, a skirmish, and chaos. The walls of the keep collapsed, many died. The walls had fallen in on themselves and filled the hole where the water was drawn.
A long time passed, memories faded. Then there was a valley with mountains on each side, that was filled with a patchwork of farms and simple homes. It was a simple village and a simple life...
Water represents money in this story.
The well where the water is drawn is credit or new money(fiat). It is produced or acquired at no cost.
The villagers closest to the well benefited the most. That is the Cantillon effect.
Even though the most generous and virtuous was chosen, and he was doing good as far as he could see or determine. And just like the banks or governments that lend for new businesses or building houses or programs, they think they are “doing good”. But like the man-in-charge, they don’t/can’t see the entire picture though. They can’t see the consequences.
People come to this idea: “If we only had the right person in charge.” Because just as the man-in-charge cannot see nor know the right choice to make, nor can others see the right path, they just “know” that what the man-in-charge is doing, is not right, so they incorrectly conclude, we must change who is in charge.
This “man-in-charge” though, it doesn’t matter who it is. The same result will always occur. He simply has no way to know what the right thing to do is. And it is incredible hard, to do nothing when there is something you “think” is “good” that you can do.
The key is understanding that an economy is a multitude of exchanges by individual actors, who are basing their actions on prices and the individual’s relative, comparative wants and desires. Those exchanges benefit both parties to the exchange and this is possible only when the Chain of Causality is maintained throughout the economy. And every exchange that occurs is one link in the chain of causality.
When water/money(fiat) can be created at a below market price then it throws the entire system off. And even if the person in charge were to just give it all away. It would still throw the entire system into chaos. It breaks the chain of causality, it separates causes and effects.
Because there would be no notion of what causes that water/money(fiat) to have the value that it currently possesses, and so how could anyone with the newly created water/money know the best way to use it. And furthermore, how could they foresee the consequences of what would happen, even if they used it for only “good”.
As an aside - Please understand that the market should not be confused with a large group of people. Money(not fiat) is able to create the network of users(quantum computers) , because it functions through the money(specie)-price mechanism. A group of people have no such advantage, and it is dangerous to think they might.
If you make the logical step that the Dash Treasury system is the same as the well in the story, then we are of the same mind. But I do make this concession. “No baby is born fully grown.” Before Dash can really be money, it needs to be a usable product as money. It needs to have its own markets, and we are just not there yet.
But just know that when you draw from the well, when you use the treasury, you distort Dash as money. You distort Dash’s ability to calculate price in the free market through the money-price mechanism. Just as surely as when fiat/credit is created in the banking system, it distorts the economy.
No stable coins(FIAT) or 3rd party intermediaries for conversion and no relying on middleman to conduct transactions.
Dash is the medium of exchange.
This will work because economics is powered by the simple and unyielding fact that in a voluntary exchange, Both Parties Benefit.
Money is Medium of Exchange and No one gets to expand upon Money’s Scarcity.
There are no advances or improvements on money.
All “improvements” result in failure and always will, because money is the most powerful computation force in the universe. And any “improvement” only destroys the computation mechanism that emerges from a true P2P sound money.
P2P sound money results in the network effect of millions or billions of the most powerful and efficient quantum computers in the universe. Only man in his ignorance could think he could do better. Improvements upon money are nothing more than the folly of man’s pride.
And with Dash Evolution, we are close now.
Evolution is not an end, its a process. And where does it go? There has always been only one destination, Money.
If Money is the goal of Dash Evolution, how do we get people use it? How do we get people to earn it? The chicken and the egg is solved By starting at the beginning of the evolution process.
We have to go WAY back. Back to single cell organisms that work together and are beneficial to one another and cooperate in a voluntary way. So we have to operate in a P2P way. One person to another person, and that is only where it starts.
For this is certain,
“Money is a simple idea. It can be known and understood by even the most humble of minds.”
And maybe that is why no one in crypto has been able to get it right.
..for hiding these things from the learned and the clever and revealing them to little children. Yes, Father, for that is what it pleased You to do.