Ryan Taylor. He’s currently the CEO of the Dash Core Team. Dash is an innovative digital currency that offers a number of improvements over bitcoin. Ryan is an expert in the payments industry with over 15 years of experience in financial services and technology.
Famous Five:
Favorite Book? – Mastering Bitcoin What CEO do you follow? – Jack Welch Favorite online tool? — BitInfoCharts How many hours of sleep do you get?— 5 If you could let your 20-year old self, know one thing, what would it be? – “Don’t worry about what everyone else has to say, follow what you really want to do”
Time Stamped Show Notes:
01:41 – Nathan introduces Ryan to the show 02:21 – Dash is based on the bitcoin code base and operates with the same level of security 02:28 – Dash has improved in 3 areas: 02:31 – First is governance that allows people to vote on changes 02:49 – Second area is that it’s self-funded 03:14 – Dash has incentives for people to contribute to the network 03:25 – Dash received its own funding from the network itself to operate 03:44 – There are masternode owners in Dash 05:48 – Team size is 50 05:55 – Dash currently has 15 open positions 06:44 – Dash has a more sophisticated economic system than the early coins 07:00 – Getting donations for funds is what is primarily happening in the bitcoin world 07:46 – Alot of them are ICOs that don’t have an ongoing source of revenue to sustain themselves 08:15 – Ryan’s opinion on Civic’s model 09:00 – Dash currently has 4500-4600 masternodes, which is a marketplace 09:39 – An owner can own more than 1 masternode 09:52 – There’s no way to know the number of masternode owners 11:22 – The outcome of a vote 11:30 – There are people who don’t vote, but there’s a minimum threshold 12:30 – Utility-wise, Dash is aiming to create a world-class payment system 12:39 – Some tokens are focused on smart contracts while Dash focuses on the payment 13:05 – Dash is launching their landmark product next year called Evolution 13:42 – Dash is aiming to make payments as convenient and secure as possible 14:31 – The treasury is where they allocate transaction fees and block rewards that all cryptocurrency collect 14:55 – With Dash, 45% goes to miners, 45% to infrastructure or masternode owners and 10% is set aside to the treasury 15:33 – The treasury pot currently has $1.2M and the network is extremely well-funded 16:20 – Dash incentivises each component of the network for it to remain functional 16:44 – Dash has integrations that they’ve funded 17:00 – Charlie Shrem just gave them a proposal to create a US debit card 17:14 – Dash has worked with Alt36 17:36 – Dash has funded cards 18:00 – Dash’s miner plus masternode combo allows things to be done instantly 19:42 – Ryan left his job at a multi-million dollar hedge fund to start Dash 19:50 – Ryan believes that there’s monetary and non-monetary rewards at stake with Dash 20:10 – Dash has the potential to bring cryptocurrency to a whole new audience 20:30 – Most of those involved have put their own stake into the network 21:29 – “My incentives are perfectly aligned with the network, the way it should be” 22:18 – The Famous Five
3 Key Points:
A blockchain company that uses its own network to fund itself remains self-sustaining and self-functioning. Most ICOs rely on donations for funds, which can be unstable. Ignore the noise—do what YOU want to do.
Resources Mentioned:
Simplero – The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost. The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more Klipfolio – Track your business performance across all departments for FREE Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Show Notes provided by Mallard Creatives