While still trading at around $206 on February 25, 2021, the DASH coin is trading below the bottom at the time of writing $89, The graphs show that it does not “slip”. It was announced last week that Dash Core Group’s longtime CEO, Ryan Taylor, is stepping down as head of the development team. Was it in line with its promise of DASH and more efficient means of payment?
dash split in two
The change in leadership is not really the end of the digital currency, but its rebirth. One developer, who did not wish to be named, said in an interview with BTC-ECHO. In general, DASH supporters are polarized.
till now On one hand there were people who saw Ryan Taylor as someone who should be known to DASH internationally. He approved higher expenditure in the areas of business development and marketing. He also advocated for focusing DASH investments on Venezuela.
On the other hand, DASH supporters criticize that DASH lost sight of the development sector – economically and carefully. The displeasure of this side was great. There hasn’t been any real progress since the hiring of Taylor. In addition, Taylor may have repeatedly hired people with no vision, who often left the company after a short period of time and did not have sufficient expertise in their fields. When it became clear in 2021 that the promised “Evolution” update wouldn’t even arrive this year, fires began to pour in. Without a developer background, Taylor could have done nothing to promote the network – the disappointment was enormous.
the drop that broke the camel’s back
A conflict between board member Mark Mason, in charge of public relations, and Ryan Taylor, which went public earlier this year, is the final straw. Taylor would have kept Mason out of projects without Mason knowing and without community involvement. However, Mason is paid to do his work through a special community fund.
In online ama Taylor explains that he did this only to protect the DASH network. According to Taylor, Mason did not have the ability to differentiate between “determined” and “aggressive”. This would have led to unprofessional situations with integration partners in the past. Despite this, faith in Taylor, especially among her critics, is now completely lost.
Dash Crime Thriller With Gamestop Vibes
To understand the following, it is necessary to know that in votes, applications for funding are submitted by various projects and entities. The Dash Core Group, headed by Ryan Taylor, has been a candidate since its inception and has always been allocated a portion of the investment in the development and construction of the network.
The anger that had been brewing among individual developers for months came to a head when the Dash community was to hold a monthly vote on the allocation of fund shares on the night of February 21-22.
It looked like the Dash core group was being defunded. Because, many developers openly stated that they would vote “no” unless Taylor resigned. About six hours before the counting of votes, things were so bad for the then CEO that he demanded his immediate resignation as CEO and board member.
The developer explains to BTC-ECHO what is notable:
About 180 masternode owners and several hundred stakeholders took part in this vote. Some of these were very large whales, about a handful of large whales and the rest of the votives were made up of many smaller whales.
My analysis found that the bigger whales voted in favor of the proposal and allowed Taylor to remain in his role as CEO. However, the small majority did not vote and thus secured his resignation. … this speaks for a good decentralization in the network, despite the fact that the wishes of this group were not taken into account for almost five years
An anonymous Dash developer told BTC-ECHO
What are the next steps?
According to the developer, the community is relieved by this outcome, but at the same time excited to see how the decentralized project will continue. First, the CEO’s question should be clarified. There are three suggestions to choose from.
Some want a new CEO with a developer background, others want Dash to remain topless, and the last group wants the current Chief Technology Officer to lead the Dash core group.
An anonymous Dash developer told BTC-ECHO
It remains to be seen who will fill the new position. It must then be decided to what extent the separation from Ryan Taylor was actually a profitable idea.
Set up a bitcoin and crypto savings plan
Invest in bitcoin regularly and take advantage of the cost-averaging effect over the long term. We’ll show you how.
Freelance twitter maven. Infuriatingly humble coffee aficionado. Amateur gamer. Typical beer fan. Avid music scholar. Alcohol nerd.