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Offline speedy

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When are we going to see an "on-ramp" from fiat
« on: October 25, 2014, 10:24:10 PM »

We have had hints about on-ramps from fiat to BitUSD for a while, is there actually a service actively in development? We are pretty much in the dark on this.

Or are we waiting to see what the escrow transaction type is going to look like first?

Offline yellowecho

Re: When are we going to see an "on-ramp" from fiat
« Reply #1 on: October 25, 2014, 11:04:00 PM »
Everything is being lined up behind the scenes and will launch when the new client is ready.  Doing so prematurely would be devastating for the future of BTS.. the product must be ready.
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Offline luckybit

Re: When are we going to see an "on-ramp" from fiat
« Reply #2 on: October 25, 2014, 11:13:45 PM »
We have had hints about on-ramps from fiat to BitUSD for a while, is there actually a service actively in development? We are pretty much in the dark on this.

Or are we waiting to see what the escrow transaction type is going to look like first?


A better idea is why not have on-ramps where wealthy benefactors can give gifts to the community as a whole?

A gift economy allows you to receive everything from USD to information. In a gift economy the on-ramp would be in the form of gift cards. A gift card exchange could be built into Bitshares X itself.

We need an on-ramp which allows any entity to gift value to Bitshares in a way where every shareholder benefits. It does not have to be USD -> BitUSD. It could be giftcard <-> BitUSD.

I think it might be a good idea to approach Gyft for Bitshares X integration as a mutually beneficial partnership.
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Offline Pheonike

Re: When are we going to see an &quot;on-ramp&quot; from fiat
« Reply #3 on: October 25, 2014, 11:24:04 PM »
If the yield is good as we hope it will be then an endowment could work.

Offline Rune

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Re: When are we going to see an "on-ramp" from fiat
« Reply #4 on: October 26, 2014, 12:42:09 AM »
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.

Offline feedthemcake

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Re: When are we going to see an "on-ramp" from fiat
« Reply #5 on: October 26, 2014, 12:45:08 AM »
I would think that the announcement won't come until it's finalized. No point in hyping up a community that would love the hype and be devastated if it falls through.

Offline stuartcharles

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Re: When are we going to see an "on-ramp" from fiat
« Reply #6 on: October 26, 2014, 07:05:40 AM »
I would think that the announcement won't come until it's finalized. No point in hyping up a community that would love the hype and be devastated if it falls through.
we have already been hyped. I agree no announcement until something is finalized.

 

Offline Mysto

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Re: When are we going to see an "on-ramp" from fiat
« Reply #7 on: October 26, 2014, 09:53:51 AM »
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.

Well there could be MANY reasons to keep stakeholders in the dark that include but are not limited to...
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

To be fair we aren't "completely in the dark". They did tell us about it and how it might work.

I'm pretty sure the on/off ramps are tied into the marketing push. So it wouldn't make sense to do one with out the other. It would be the equivalent of doing a marketing pushed with the current beta wallet.

Offline xeroc

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Re: When are we going to see an &quot;on-ramp&quot; from fiat
« Reply #8 on: October 26, 2014, 10:01:38 AM »
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.

Well there could be MANY reasons to keep stakeholders in the dark that include but are not limited to...
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

To be fair we aren't "completely in the dark". They did tell us about it and how it might work.

I'm pretty sure the on/off ramps are tied into the marketing push. So it wouldn't make sense to do one with out the other. It would be the equivalent of doing a marketing pushed with the current beta wallet.
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Offline liondani

Re: When are we going to see an &quot;on-ramp&quot; from fiat
« Reply #9 on: October 26, 2014, 10:27:42 AM »
bonus, rewards, miles, gift, share drops... Bitshares!

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Offline Gentso1

Re: When are we going to see an "on-ramp" from fiat
« Reply #10 on: October 26, 2014, 11:39:39 AM »
end of November is when the magic should happen.....

Offline speedy

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Re: When are we going to see an "on-ramp" from fiat
« Reply #11 on: October 26, 2014, 11:55:29 AM »
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

I dont want to sound negative but if there is a good reason for not being more open on this, I wish  someone from i3 would at least confirm what it is.

Offline Stan

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Re: When are we going to see an "on-ramp" from fiat
« Reply #12 on: October 26, 2014, 12:33:17 PM »
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

I dont want to sound negative but if there is a good reason for not being more open on this, I wish  someone from i3 would at least confirm what it is.

All of the above.  :)
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline speedy

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Re: When are we going to see an "on-ramp" from fiat
« Reply #13 on: October 26, 2014, 12:37:51 PM »
Thanks Stan. I should probably be buying more.

Offline nomoreheroes7

Re: When are we going to see an "on-ramp" from fiat
« Reply #14 on: October 26, 2014, 01:13:43 PM »
I should probably be buying more.

Lol hopefully this will be the understatement of the century in a few years' time...

 

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