One of the most frequent complaints one hears about DMH’s innovations is how complex and unintelligible they are. We sympathise wholly with this sentiment. It’s like sitting on the other side of a glass barrier sometimes, in the pouring rain, watching the baking sun the other side. If only one was shown a door. We hope that this publication might be able to serve as an entryway then for DMH’s innovations, which if explained in everyday English, we feel would probably do very well.
What are DMH’s innovations though, and what purpose does this proof-of-value synthetic protocol serve? What is synthetic utility for that matter, too? What on earth is affiliate mining? These sorts of questions are best tackled by a look at the overall organisation that is what DMH&CO has become since mid-2017, when all this chaotic innovating began in earnest.
Confusingly, while Daniel Mark Harrison & Company is an incorporated entity, DMH&CO seems to resemble more a group of variously-owned brands, companies and, well, ideas. Since the innovation progress got underway about 12-18 months ago, this brand name has endured through a class action lawsuit, accusations of scandal, theft and market manipulation (unfounded we might add here), and all sorts of similar things. Part of this has undoubtedly dented DMH’s image, as a personality and as a brand, but part has also fortified it. In particular, the delivery of Zur Drafts to all 1,600 Ethereum accounts that participated in the 2017 token swaps events solidified for some if not everyone the innovator’s genuine desire to fulfil his stated objectives: that is, to create a viable decentralised asset management platform. With this in mind, DMH&CO, while only a closed-circuit affiliation of wealthy private investors pre-2017, has more recently begun to take on its own character, and that character has been born a hard birth. Thus, perhaps for only a minority of investors presently (but still nevertheless a consolidated following), DMH&CO represents endurance, innovation, determination, perseverance, honesty and, ultimately, if not power yet, then potential power.
We imagine the latter is DMH the innovator’s principle reason for starting an affiliate marketing enterprise bearing his brand name: he recognises the commercial viability long-term of a group of solid supporters, basically. Quite simply, we assume that he must see some value in propagating a worst-kept-secret, too (that he has been subject to a lawsuit the past year) and spinning it as something bolder and more appealing.
So, at the top then sits Daniel Mark Harrison, Chairman and CEO of Daniel Mark Harrison & Company, which is really two companies, one based in Singapore and another based in Hong Kong. Financials for both the companies show performance has been poor thus far, displaying a consolidated net loss to the order of around a million dollars or so. Balance sheet assets don’t fare that much better, although the debt/equity ratio seems to be quite sustainable from what we have seen. It’s not going out of business, but DMH is nowhere near the billionaire he makes himself out to be in his marketing literature if these accounts are all we have to go by for the man.
Zurbank, as per the website, is a trading name of DMH. That means that it is not itself an incorporated entity but rather, a brand of some sort. DMH has posited that Zurbank is the “venture capital holding brand” of DMH&CO, which presumably means that whenever DMH makes investments into other businesses with what little money it has, then it does so as Zurbank and not DMH. There is probably a good reason for this and it is likely the same reason we have come across earlier; with an ongoing lawsuit, DMH’s band has been dented as of late. Thus, Zurbank is a fulfilment objective of DMH and that is it. No one works for Zurbank, Zurbank holds no assets nor has any financial statements – it is in every sense of the word, DMH itself.
Held by DMH are a variety of companies. There is MarxRand media, which sold us The Currency Journal and which now has a paltry sum in the bank as a consequence but not a lot else as far as we can tell; there are The Factorybanking Company and Monkey Capital. which both appear to be dormant companies, and then there are a block of stocks and options in UK public company Highway Capital.
So, where do these digital currencies TUK, NUN, MNY, DMHCO, FUTR, FUTX and COE all fit into this revolving door of hodgepodge entities fit into all of this then? Further, how do these digital currencies earn DMH any money at all?
The answer to the last question is – they don’t. In fact, they cost him roughly a quarter of a million dollars a year, all-in, from what we can tell. Presumably, however, the idea is that they will over time amass some considerable profits. How then?
The answer is: affiliate marketing and automated trading programs. When DMH speaks about reflective value, synthetic utility, dead utility and so forth, what he really means is automated trading programs within smart contract software devices. That is what, in a nut-shell, he designs: fancy-schmancy trading bots which are hiding out in Blockchain-powered smart contracts. Some are programmed to trade like Fibonacci bots, others like Bitcoin traders ad hoc ’10-’18, others still like live CMC market making machines, but all are ultimately pursuing the same end goals: they are trading your and everyone else’s money for their own profit based on algorithmic sequences that don’t completely screw your finances up and which, given sufficient trading volumes (which is no guarantee at all), might make you very rich.
Which brings us to part two of DMH’s innovation: these are essentially a form of glorified multi-level marketing plans. DMH’s prevailing view seems to be that by arming multi-level marketers with trading engines that earn them zillions of dollars, there will one day be an unstoppable tidal wave of customers lining up for his product offerings: either to represent and sell the DMH brand and trading products, or to purchase and play them or both these things.
In the next article in this series we will look at what each token does, how it conforms to a broader pattern arc of trading bots that exist within the sepulchre of financial innovation that is DMH’s head and how investors can use them to take advantage of price swings in the cryptocurrency markets. But for now, we hope this has been a useful principle introduction to what DMH&CO is, what the innovations it is working on really are, and. most of all, where you fit in to all this.