Author Topic: Epic brainstorming session between Marketing and Dev teams.  (Read 16243 times)

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Offline matt608

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I've already started working on creating and mapping twitter accounts for the adult industry. The goal is to have a strong grassroots base that will be ready when the official marketing begins with the high risk merchants reoccurring payments.

Nice work  +5%

Offline hpenvy

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With the stability of bitUSD this concern is no longer there.  After talking to BM we discovered continuity payments are actually low hanging fruit for the developers. It could be ready to go in a week or so if it were focused on.  And since customers have stability of currency with bitUSD in their wallet, they would be fine to leave a large chunk in their wallet, earning interest and they can control on the client side what subscriptions they have enabled or not.


Is there support from the development team on this initiative? If so, where does it fall into the mix of current priorities?
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Offline eagleeye

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Very good ideas. 

Porn uses funnel pages, squeeze pages, and info pages.  You need to convince people to want to use bitUSD or even bitshares or any bitAsset.  Make affiliate programs where people can convince other people to join so they get a commission as well.  clickbank comes to mind.

bitmarket, are you starting this, whose support do you need for the 2k a month delegate?  Fuz's?  Also breakdown the money aspect of the 2k a month, where will the money be going exactly.

I don't need a delegate position for this at the moment.

Myself and partners are doing due diligence on this niche as we speak along with a few others.  I was just pretty excited about this and shared.

These marketing plans/funnels/graphics etc take months to make.   Biggest challenge we have at the moment it getting dev team to believe in a specific vision and sticking with it a couple of months to build it out.  They spend a couple of months building tech, we spend a couple of months building marketing around what we asked for and it all comes together nicely at the right time.  That is the goal.   Time will tell if we can achieve that.   Its quite a mission with a decentralized community.

Sounds good.

Offline hpenvy

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I've already started working on creating and mapping twitter accounts for the adult industry. The goal is to have a strong grassroots base that will be ready when the official marketing begins with the high risk merchants reoccurring payments.  I've shared the forum I've created with Gamey and a few others.  As soon as more progress is made, I'll start asking for more assistance. I'm also taking a similar approach to crypto related new sites and mainstream publications (shared an older copy with Brian a few months ago) to get ready for our upcoming pushes.








« Last Edit: November 17, 2014, 02:14:41 am by hpenvy »
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sumantso

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The challenge is that bitUSD has no advantage over bitcoin for that use, but bitcoin has network effect.  We are looking for a niche that bitcoin cannot service.

If you can't beat 'em, join 'em. Prefer Bitcoin over BitUSD? No problem, have a look at BitBTC instead. Its basically BTC and you earn just by HODLing.

Offline robrigo

Make Love Not Porn seems like the perfect partner for this idea! They have been met with resistance trying to find a traditional banking service, have a long term outlook for the industry and a unique spin on porn, and are open to accepting crypto currencies. It could even be good PR with BitShares as they are looking to encourage open and respectful discussion of sex as opposed to hidden and demonized version of the industry.

http://cointelegraph.com/news/112931/decentralizing-sex-cindy-gallop-makes-love-not-porn

Update: I emailed Cindy Gallop to pitch BitShares to her as a potential financial future solution for MNLP, and to start a discussion with her that the community is interested in helping high risk merchants. Thanks to Max for providing me with some good talking points and pros / cons. Will update if I hear back from her!
« Last Edit: November 16, 2014, 07:14:24 pm by robrigo »

Offline hpenvy

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the on/off ramp is sorted, jut not public yet.

..............................?!?!?



Timelines are always around the businesses offering the services. As BM mentioned in the last Mumble, most of these businesses are startups. Once they are ready to talk, we'll start hearing announcements.
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Offline nomoreheroes7

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the on/off ramp is sorted, jut not public yet.

..............................?!?!?


Offline bitmarket

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+5% to this idea.

Just one comment to this, most of these porn users are not tech savvy and subscription to this is mostly less $5/mon, they probably prefer hassle free than a discount. Too early to target porn users because bitshares has no simple wallet and mobile wallet yet.

Why not target hosting sites first? the customers are webmasters, tech savvy and payment are all subscription.

just my 2 cents

Agreed all of this is contingent on easy web wallet and super easy on/off ramps being available.  the on/off ramp is sorted, jut not public yet.  the wallet is in dev.
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Offline emailtooaj

I'm not of the Dev type but wouldn't a "escort escrow service" make this work?

Would it be possible to use a delegate position to offer a 3rd party escrow service overseeing the "subscription" contracts?

Not trying to intentionally bump this, but...
Looks like my earlier post may actually make this  "escrow" idea feasible?

https://bitsharestalk.org/index.php?topic=11286.0




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Offline hpenvy

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At present we are imagining it like this.

Merchant saves 40% by using bitUSD and offers to pass 20% savings on to customers.

At checkout page customer sees banner in the payment options section. "Pay anonymously and get a 20% discount by using bitUSD" or "Protect your privacy and get a 20% discount by using bitUSD" [hypelink]What is bitUSD?[/hyperlink]

Customer clicks on link.    Goes to a very nice corporate site.  Watches a short animated video (3mins) on how cool bitusd is. How he can download wallet(desktop or phone) and fund it within 60 seconds(cool on ramp not yet public) + spend it at legitimate non porn places like XYZ + with absolute anonymity + that some merchants offer discounts to use bitUSD because bitUSD is so awesome it saves them merchant fees + you earn real interest while the bitusd is in your account, so feel free to get a few extra bitUSD (more than you need for this next purchase)

Once user has funded wallet they are returned to the referring merchant.

Points to note:
Our site is professional. It feels like an Amex black card site.
Our site works for all merchants not just porn sites. Porn will be able to make 20-40% discounts where as Amazon will only be able to give 2% discounts, but it all works the same.
We will have there email address and can follow up with informative videos how they can get the "cool new CD like accounts" that pay higher interest than there bank and they may want to park some USD there.
If we can figure out some cool way to make more money on the back end (or get community support donation/dilution/delegate pay)  we can pay an army of sales people to approach businesses in all niches OR give customers a free $5 sample to try us out, or some combination.

Now do me a favor.  Don't make me regret making this post.  Things change and change a lot. Even though deadlines have not been offered, if they were they would be not met. Dont complain this is not happening fast enough or not at all. This will not even be attempted until the product is where it needs to be.

+5% to this idea.

Just one comment to this, most of these porn users are not tech savvy and subscription to this is mostly less $5/mon, they probably prefer hassle free than a discount. Too early to target porn users because bitshares has no simple wallet and mobile wallet yet.

Why not target hosting sites first? the customers are webmasters, tech savvy and payment are all subscription.

just my 2 cents


In an article I was reading on Huffington Post, porn sites get more visitors per month than Amazon, Netflex and Twitter combined. The ability for a site to shave off 20%+ is substantial as competition increases and margins are slim.  I'm not saying avoid the nerds, I'm just highlighting that porn, as one of many high risk merchants, is worth doing the right way.  We keep banging our heads against the wall with those that understand the basics of Bitcoin, this allows us a back door (grin) to a market that doesn't already have those crypto walls up.
« Last Edit: November 12, 2014, 02:48:43 pm by hpenvy »
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Offline joele

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At present we are imagining it like this.

Merchant saves 40% by using bitUSD and offers to pass 20% savings on to customers.

At checkout page customer sees banner in the payment options section. "Pay anonymously and get a 20% discount by using bitUSD" or "Protect your privacy and get a 20% discount by using bitUSD" [hypelink]What is bitUSD?[/hyperlink]

Customer clicks on link.    Goes to a very nice corporate site.  Watches a short animated video (3mins) on how cool bitusd is. How he can download wallet(desktop or phone) and fund it within 60 seconds(cool on ramp not yet public) + spend it at legitimate non porn places like XYZ + with absolute anonymity + that some merchants offer discounts to use bitUSD because bitUSD is so awesome it saves them merchant fees + you earn real interest while the bitusd is in your account, so feel free to get a few extra bitUSD (more than you need for this next purchase)

Once user has funded wallet they are returned to the referring merchant.

Points to note:
Our site is professional. It feels like an Amex black card site.
Our site works for all merchants not just porn sites. Porn will be able to make 20-40% discounts where as Amazon will only be able to give 2% discounts, but it all works the same.
We will have there email address and can follow up with informative videos how they can get the "cool new CD like accounts" that pay higher interest than there bank and they may want to park some USD there.
If we can figure out some cool way to make more money on the back end (or get community support donation/dilution/delegate pay)  we can pay an army of sales people to approach businesses in all niches OR give customers a free $5 sample to try us out, or some combination.

Now do me a favor.  Don't make me regret making this post.  Things change and change a lot. Even though deadlines have not been offered, if they were they would be not met. Dont complain this is not happening fast enough or not at all. This will not even be attempted until the product is where it needs to be.

+5% to this idea.

Just one comment to this, most of these porn users are not tech savvy and subscription to this is mostly less $5/mon, they probably prefer hassle free than a discount. Too early to target porn users because bitshares has no simple wallet and mobile wallet yet.

Why not target hosting sites first? the customers are webmasters, tech savvy and payment are all subscription.

just my 2 cents


Offline fuzzy


Unfortunately, you are right.  Maybe I should be a little more forceful with regard to making sure there is at least, say 15 minutes, for subreddit questions.  At the same time, however, we usually have so many questions during the actual hangouts that either:
A) cover a large number of the questions asked in the subreddit, or
B) The topics of conversation are so valuable that it is hard to interrupt the conversations that grow from them...

It requires prioritizing the reddit questions yourself.  Look at what seems to be the best question that has the most value to the community.  Blindly choosing the first question isn't  a good way of doing it.  Let the conversation flow and only interject when one person is overpowering the session.  Silence is ok, it lets the less aggressive people ask questions.  Dead spots in audio may be uncomfortable at the time, but they are trivial to edit out.  In fact there is likely a filter to do as much in an automated manner.

Please reread what I said above.  I do not blindly pick reddit questions.  They are either upvoted or asked in the order received.  :)

As far as the rest.  Totally agree.

*Edit*  Sorry bitmarket for forking this conversation.  I am interested in seeing where you guys end up.  Please keep us posted.  Very exciting ;)
« Last Edit: November 12, 2014, 12:32:17 pm by fuzzy »
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Offline stuartcharles

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Love this idea, porn generated mass adoption for photography, film, internet why not bitusd.

But where is the on off ramp? This has to be number one priority before marketing, No?

Offline gamey

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Unfortunately, you are right.  Maybe I should be a little more forceful with regard to making sure there is at least, say 15 minutes, for subreddit questions.  At the same time, however, we usually have so many questions during the actual hangouts that either:
A) cover a large number of the questions asked in the subreddit, or
B) The topics of conversation are so valuable that it is hard to interrupt the conversations that grow from them...

It requires prioritizing the reddit questions yourself.  Look at what seems to be the best question that has the most value to the community.  Blindly choosing the first question isn't  a good way of doing it.  Let the conversation flow and only interject when one person is overpowering the session.  Silence is ok, it lets the less aggressive people ask questions.  Dead spots in audio may be uncomfortable at the time, but they are trivial to edit out.  In fact there is likely a filter to do as much in an automated manner. 
I speak for myself and only myself.

Offline fuzzy

Were the reddit questions covered at the end of the mumble session? I had to step out after the first hour.

I believe only one question was asked due to time constraints.  Fuz was at a loss as to which one to ask and just went with the top one.  I forget what it was.

I wasnt at a loss dork ;)

Questions go in this order and based on time available:
1) highest number of up votes.  In the case none have votes:
2) in the order asked...so the first questions are asked first. 

Not perfect, I know, but neither are the tools we have currently available :)

I've learned a valuable lesson from attending a few mumble sessions. If you have a question, ask it during the actual broadcast. :)

Unfortunately, you are right.  Maybe I should be a little more forceful with regard to making sure there is at least, say 15 minutes, for subreddit questions.  At the same time, however, we usually have so many questions during the actual hangouts that either:
A) cover a large number of the questions asked in the subreddit, or
B) The topics of conversation are so valuable that it is hard to interrupt the conversations that grow from them...

WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline abit

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Offline bitmarket

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Very good ideas. 

Porn uses funnel pages, squeeze pages, and info pages.  You need to convince people to want to use bitUSD or even bitshares or any bitAsset.  Make affiliate programs where people can convince other people to join so they get a commission as well.  clickbank comes to mind.

bitmarket, are you starting this, whose support do you need for the 2k a month delegate?  Fuz's?  Also breakdown the money aspect of the 2k a month, where will the money be going exactly.

I don't need a delegate position for this at the moment.

Myself and partners are doing due diligence on this niche as we speak along with a few others.  I was just pretty excited about this and shared.

These marketing plans/funnels/graphics etc take months to make.   Biggest challenge we have at the moment it getting dev team to believe in a specific vision and sticking with it a couple of months to build it out.  They spend a couple of months building tech, we spend a couple of months building marketing around what we asked for and it all comes together nicely at the right time.  That is the goal.   Time will tell if we can achieve that.   Its quite a mission with a decentralized community.
Host of BitShares.TV and Author of BitShares 101

Offline hpenvy

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Were the reddit questions covered at the end of the mumble session? I had to step out after the first hour.

I believe only one question was asked due to time constraints.  Fuz was at a loss as to which one to ask and just went with the top one.  I forget what it was.

I wasnt at a loss dork ;)

Questions go in this order and based on time available:
1) highest number of up votes.  In the case none have votes:
2) in the order asked...so the first questions are asked first. 

Not perfect, I know, but neither are the tools we have currently available :)

I've learned a valuable lesson from attending a few mumble sessions. If you have a question, ask it during the actual broadcast. :)
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Offline fuzzy

Were the reddit questions covered at the end of the mumble session? I had to step out after the first hour.

I believe only one question was asked due to time constraints.  Fuz was at a loss as to which one to ask and just went with the top one.  I forget what it was.

I wasnt at a loss dork ;)

Questions go in this order and based on time available:
1) highest number of up votes.  In the case none have votes:
2) in the order asked...so the first questions are asked first. 

Not perfect, I know, but neither are the tools we have currently available :)

WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline eagleeye

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Very good ideas. 

Porn uses funnel pages, squeeze pages, and info pages.  You need to convince people to want to use bitUSD or even bitshares or any bitAsset.  Make affiliate programs where people can convince other people to join so they get a commission as well.  clickbank comes to mind.

bitmarket, are you starting this, whose support do you need for the 2k a month delegate?  Fuz's?  Also breakdown the money aspect of the 2k a month, where will the money be going exactly.

Offline starspirit

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Other industries that could use bitUSD for continuity payments are:

- the decentralised rentals market, such as Airbnb (accommodation) but also markets for network renting of vehicles and any other assets - these are constantly springing up
- p2p borrowing and lending (like btcjam, although btcjam itself may be difficult because branded by btc)
- microcredit  (a lot of this in developing countries)

Offline gamey

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Were the reddit questions covered at the end of the mumble session? I had to step out after the first hour.

I believe only one question was asked due to time constraints.  Fuz was at a loss as to which one to ask and just went with the top one.  I forget what it was.
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Offline hpenvy

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Were the reddit questions covered at the end of the mumble session? I had to step out after the first hour.
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Offline hpenvy

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At present we are imagining it like this.

Merchant saves 40% by using bitUSD and offers to pass 20% savings on to customers.

At checkout page customer sees banner in the payment options section. "Pay anonymously and get a 20% discount by using bitUSD" or "Protect your privacy and get a 20% discount by using bitUSD" [hypelink]What is bitUSD?[/hyperlink]

Customer clicks on link.    Goes to a very nice corporate site.  Watches a short animated video (3mins) on how cool bitusd is. How he can download wallet(desktop or phone) and fund it within 60 seconds(cool on ramp not yet public) + spend it at legitimate non porn places like XYZ + with absolute anonymity + that some merchants offer discounts to use bitUSD because bitUSD is so awesome it saves them merchant fees + you earn real interest while the bitusd is in your account, so feel free to get a few extra bitUSD (more than you need for this next purchase)

Once user has funded wallet they are returned to the referring merchant.

Points to note:
Our site is professional. It feels like an Amex black card site.
Our site works for all merchants not just porn sites. Porn will be able to make 20-40% discounts where as Amazon will only be able to give 2% discounts, but it all works the same.
If we can figure out some cool way to make more money on the back end (or get community support donation/dilution/delegate pay)  we can pay an army of sales people to approach businesses in all niches OR give customers a free $5 sample to try us out, or some combination.

Now do me a favor.  Don't make me regret making this post.  Things change and change a lot. Even though deadlines have not been offered, if they were they would be not met. Dont complain this is not happening fast enough or not at all. This will not even be attempted until the product is where it needs to be.

Great breakdown, this should give the community the background needed for results oriented brainstorming! Thank you very much.
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Offline bitmarket

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At present we are imagining it like this.

Merchant saves 40% by using bitUSD and offers to pass 20% savings on to customers.

At checkout page customer sees banner in the payment options section. "Pay anonymously and get a 20% discount by using bitUSD" or "Protect your privacy and get a 20% discount by using bitUSD" [hypelink]What is bitUSD?[/hyperlink]

Customer clicks on link.    Goes to a very nice corporate site.  Watches a short animated video (3mins) on how cool bitusd is. How he can download wallet(desktop or phone) and fund it within 60 seconds(cool on ramp not yet public) + spend it at legitimate non porn places like XYZ + with absolute anonymity + that some merchants offer discounts to use bitUSD because bitUSD is so awesome it saves them merchant fees + you earn real interest while the bitusd is in your account, so feel free to get a few extra bitUSD (more than you need for this next purchase)

Once user has funded wallet they are returned to the referring merchant.

Points to note:
Our site is professional. It feels like an Amex black card site.
Our site works for all merchants not just porn sites. Porn will be able to make 20-40% discounts where as Amazon will only be able to give 2% discounts, but it all works the same.
We will have there email address and can follow up with informative videos how they can get the "cool new CD like accounts" that pay higher interest than there bank and they may want to park some USD there.
If we can figure out some cool way to make more money on the back end (or get community support donation/dilution/delegate pay)  we can pay an army of sales people to approach businesses in all niches OR give customers a free $5 sample to try us out, or some combination.

Now do me a favor.  Don't make me regret making this post.  Things change and change a lot. Even though deadlines have not been offered, if they were they would be not met. Dont complain this is not happening fast enough or not at all. This will not even be attempted until the product is where it needs to be.
« Last Edit: November 07, 2014, 01:48:05 am by bitmarket »
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Offline hpenvy

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Bm confirmed the funds need not be present to set the schedule.  Thus acting just like a real bank account. The funds will go out if the money is present.  I have asked some follow up questions. I will post them here when answered.

Consumers get:

    Discount on products(If merchant passes them along) +
    Privacy +
    Free samples of bitUSD(possibly if we can make it work. Either delegate funds of other ideas the marketers have)


Merchants get:

    Zero chargebacks
    Zero processing fees
    Zero reserves required
    Potential increased conversions because they offer customers privacy and discounts
    No credit check
    No history required
    Friendlier to banks (Can bank domestically easily. Save on bank and wire fees)

Cons for the customer

    Have to spend 5 minutes downloading a wallet and loading a balance on it before he can get back to jerking off. (Cool on ramps in place but not public yet.)


Cons for the merchant:

    Potential drop in conversions because customer must leave the porn site to learn about bitUSD and might jerk off to this awesome new decentralized bank (like me) and not worry about porn anymore.
    Potentially the stick rate(number of monthly payments the merchant gets) will suffer, depending on the implementation and user habits

Thank you for the great information.  Could a web wallet work in this situation? That would allow them to tie it right into their site and avoid them leaving the site.
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Offline bitmarket

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Bm confirmed the funds need not be present to set the schedule.  Thus acting just like a real bank account. The funds will go out if the money is present.  I have asked some follow up questions. I will post them here when answered.

Consumers get:

    Discount on products(If merchant passes them along) +
    Privacy +
    Free samples of bitUSD(possibly if we can make it work. Either delegate funds of other ideas the marketers have)


Merchants get:

    Zero chargebacks
    Zero processing fees
    Zero reserves required
    Potential increased conversions because they offer customers privacy and discounts
    No credit check
    No history required
    Friendlier to banks (Can bank domestically easily. Save on bank and wire fees)

Cons for the customer

    Have to spend 5 minutes downloading a wallet and loading a balance on it before he can get back to jerking off. (Cool on ramps in place but not public yet.)


Cons for the merchant:

    Potential drop in conversions because customer must leave the porn site to learn about bitUSD and might jerk off to this awesome new decentralized bank (like me) and not worry about porn anymore.
    Potentially the stick rate(number of monthly payments the merchant gets) will suffer, depending on the implementation and user habits
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Offline hpenvy

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Let's start fleshing out the approach. Here's a few ideas:

- Template email to gain attention
- Social media strategy
- Some type of easy to follow infographic or brochure
- Quick 45-60 second video that highlights the features/benefits
- Additional videos to explain the different processes in short, easy to follow steps
- A point of contact (maybe the High Risk Merchant Delegate?)

I have no issue contributing tips for different pieces of the puzzle.  I'd also like to know more about the modified client this customer base will use.
« Last Edit: November 06, 2014, 10:41:22 pm by hpenvy »
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Offline gamey

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We need to put the idea in someone's head who is willing to make a 'cannabis of the month' club. This would be similar to a 'cake of the month club'. Very illegal but if recurring payments are setup you might be able to seed the idea in some aspiring weed seller.
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Offline bitmarket

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?

How about starting your own 'bounty delegate'?

This is just a dedicated marketing delegate.

$2k/month to hit up porn sites and cam girls?

Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.

Porn delegate? Don't forget the brothels and strip joints. Smut delegate? Booze, drugs, and bail bondsmen. Sin delegate?

Oh the ideas I've had.  I would be glad to let people know behind the scenes (perhaps using the mumble server) of these ideas.  But lets just say it could eventually reach much farther.  Unfortunately, I often wonder if this is best done with another SuperDAC like BTS, only created to have the functionality of what coins like SXC were attempting to do.  The only reason i say this is because having all these things tied to one DAC could cut us off to huge markets.  For instance, what if BTS placement in the Porn Industry is used in a smear campaign to keep our voting system from being utilized? 

Then we gain one huge market just to lose another.

Very interested to hear thoughts.  PM me is you wish.

The relationship of bitUSD to the adult industry would be similar to bitcoin to gambling sites.  bitUSD has  many squeaky clean uses, but one industry has taken a special shining to it.
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Offline fuzzy

I would need to delegates for this job.   One to chase the players in the Adult Industry and a 2nd to support my newly acquired mandatory cocaine habit.   :)

LOL....
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I would need two delegates for this job.   One to chase the players in the Adult Industry and a 2nd to support my newly acquired mandatory cocaine habit.   :)
« Last Edit: November 06, 2014, 10:16:42 pm by bitmarket »
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Offline fuzzy

Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?

How about starting your own 'bounty delegate'?

This is just a dedicated marketing delegate.

$2k/month to hit up porn sites and cam girls?

Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.

Porn delegate? Don't forget the brothels and strip joints. Smut delegate? Booze, drugs, and bail bondsmen. Sin delegate?

Oh the ideas I've had.  I would be glad to let people know behind the scenes (perhaps using the mumble server) of these ideas.  But lets just say it could eventually reach much farther.  Unfortunately, I often wonder if this is best done with another SuperDAC like BTS, only created to have the functionality of what coins like SXC were attempting to do.  The only reason i say this is because having all these things tied to one DAC could cut us off to huge markets.  For instance, what if BTS placement in the Porn Industry is used in a smear campaign to keep our voting system from being utilized? 

Then we gain one huge market just to lose another.
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Offline hpenvy

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?

How about starting your own 'bounty delegate'?

This is just a dedicated marketing delegate.

$2k/month to hit up porn sites and cam girls?

Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.

Porn delegate?

https://www.e-onlinedata.com/Merchant_Services/Internet_Merchant/authorize.net/Prohibited.aspx

High Risk Merchant Delegate
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Offline donkeypong

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?

How about starting your own 'bounty delegate'?

This is just a dedicated marketing delegate.

$2k/month to hit up porn sites and cam girls?

Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.

Porn delegate? Don't forget the brothels and strip joints. Smut delegate? Booze, drugs, and bail bondsmen. Sin delegate?

Offline oldman

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?

How about starting your own 'bounty delegate'?

This is just a dedicated marketing delegate.

$2k/month to hit up porn sites and cam girls?

Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.

Offline fuzzy

porn is good!

- also APP business

- so the app developer can distribute the app for free and can later charge smaller amounts for extra features

The challenge is that bitUSD has no advantage over bitcoin for that use, but bitcoin has network effect.  We are looking for a niche that bitcoin cannot service.

You have already found it!  TITAN (Transfer INVISIBLY TO ANY NAME)...

There you go ;) 

The digital equivalency to shipping sex toys in "discreet" brown packages.  Not that I know anything about that, of course.   :o
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porn is good!

- also APP business

- so the app developer can distribute the app for free and can later charge smaller amounts for extra features

The challenge is that bitUSD has no advantage over bitcoin for that use, but bitcoin has network effect.  We are looking for a niche that bitcoin cannot service.
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Offline hpenvy

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?

How about starting your own 'bounty delegate'?

Bounty delegates are a great idea. I'm interested in seeing how the on/off ramps will work with this system.  If we can make it simple for them to accept and cash out, this will be a winner. Setting up incentives to push adoption will just fuel that fire.
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Offline donkeypong

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?

How about starting your own 'bounty delegate'?

Offline hpenvy

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.

This is the golden ticket, period.  We could create some really interesting viral marketing campaigns around it.  Is it possible to add incentives for individuals to push bitUSD to these different high risk markets?  For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?
=============
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Offline bitmarket

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

But the network effects put us miles behind.  It will be easier to go after a market that bitcoin cannot go after.
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Offline Shentist

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porn is good!

- also APP business

- so the app developer can distribute the app for free and can later charge smaller amounts for extra features

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Of course we would not brand ourselves as "dancer dollars." But through some strategic relationship with this industry it could be a great "viral insertion point" as MethodX would say.  A place to get bitUSD in lots of peoples hands. Once we do that, the rest is easy.

In the porn industry, you shouldn't have any problem finding viral insertion points.

...that's what she said?

Offline wasthatawolf

Of course we would not brand ourselves as "dancer dollars." But through some strategic relationship with this industry it could be a great "viral insertion point" as MethodX would say.  A place to get bitUSD in lots of peoples hands. Once we do that, the rest is easy.

In the porn industry, you shouldn't have any problem finding viral insertion points.

Offline oldman

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

Offline fuzzy

So we (Marketing)  just got a off a Skype conference call with the Dev team.

Lots of awesome things came out of it, and I am now more excited than ever about BTS.  However I wanted to share one very cool thing that excited me.

First the background. I have spoken to many companies about accepting bitcoin. The first objection I get is volatility and companies like bitpay have solved that problem. The second objection I get is there is no ability for continuity payments. All businesses built on the subscription model cannot "play" with bitcoin.  Because bitcoin is volatile a subscription of $10 per month may be 0.1 bitcoin this month and 0.05 bitcoin teh moth after.

With the stability of bitUSD this concern is no longer there.  After talking to BM we discovered continuity payments are actually low hanging fruit for the developers. It could be ready to go in a week or so if it were focused on.  And since customers have stability of currency with bitUSD in their wallet, they would be fine to leave a large chunk in their wallet, earning interest and they can control on the client side what subscriptions they have enabled or not.

Enter the world of high risk merchants. As an example the Adult industry have to suffer merchant fees as high as 25% on successful transactions and chargebacks and other fees are exorbitant. It is a reality that over 40% of their revenues go to the merchant provider.

The industry is ripe for the picking for bitcoin.... except one thing.  It is built on continuity payments.  Membership to porn site XYZ for $4.99 a month.

It would make total sense for them to accept bitUSD as a payment and offer a discount of up to 40% for using it.  That could seriously motivate customers to click the link next to the payment option  "What is bitUSD" and get a few. Plus their payment would be private

Consumer side motivation to use crypto is what has been sorely lacking for bitcoin because a  2% discount on purchases is not enough of an incentive... but 20-40% might be.  That is why bitcoin has had good penetration into the gambling industry. It does not depend on continuity payments.

The porn industry jumped to mind but here is more complete list of high risk merchant industries.
https://www.e-onlinedata.com/Merchant_Services/Internet_Merchant/authorize.net/Prohibited.aspx

Which ones have not had good penetration with bitcoin because they rely on continuity payments? Each one is a market that we can attack, with no competition from any other crypto.

Of course we would not brand ourselves as "dancer dollars." But through some strategic relationship with this industry it could be a great "viral insertion point" as MethodX would say.  A place to get bitUSD in lots of peoples hands. Once we do that, the rest is easy.

Thoughts, brainstorming, industry knowledge and contacts are much appreciated.

Holy crap...

So you guys WERE listening when I kept talking about DPOS Sexcoin!  I'm going to go watch a porn to celebrate.
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 +5%  A thin bitUSD only client is still needed to make it simple for the customer.

Also definitely worth sponsoring "naughty bits" to promote bitUSD:
http://www.reddit.com/r/Bitcoin/comments/2gef6p/naughty_bits_sexy_bitcoin_news_show/
« Last Edit: November 06, 2014, 12:58:45 pm by matt608 »

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The porn industry jumped to mind but here is more complete list of high risk merchant industries.
https://www.e-onlinedata.com/Merchant_Services/Internet_Merchant/authorize.net/Prohibited.aspx



Ok, ** NOW ** we are freaking talking marketing. This is game over right here. There are so many industries that can immediately see huge gains from bitUSD.  +5%  +5%  +5%  +5%  +5%

I would also add to the plan

- Easy to digest quick videos and information packets from marketing
- A delegate willing to step up to handle this lucrative sector
- Hell yes, let's divert the resources
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We need best practice (security) and example for setting up payments in a website, including a basket together with recurring payments. Maybe an example "adult" site :).
Happy to help on this.
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Offline bitmarket

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Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.
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Offline oldman

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bitUSD and porn are a perfect match.

Client-side recuring payments and micro-payments would open vast new revenue streams for studios and independent performers.

Most folks don't pay for porn simply because giving a shady porn company credit card and other personal info is a non-starter.

Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

Custom porn would also become viable.

Huge.

Now what we need is a porn marketing delegate who will tirelessly research and approach adult content creators and sellers to convert them to bitUSD.

Plus on-ramps.

Offline luckybit

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BitTorrent was originally marketed using porn so that might make some sense
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I am the opposite of a techie, but here I go speaking out of school.

It would be client side.  The user could set up a payment X$ every Y period until Z date or on going.

Preferably the intention of payment(subscription) would be held in the blockchain and the merchant could see it. As long as funds are in the account on the right date , the payment goes.   It would be nice if the inputs did not have to be there to create the scheduled payment.  If that were achieved, then it is just like a real traditional bank account.  Your wages go in, and each month your expenses go out.   

Only the customer can cancel subscriptions.  Merchant has no control over it.

If inputs must be known and "locked" upfront, then it is a lot less useful, but still cool, for 4.99 subscription sites, etc  I would like it  because I hate subscriptions. I prefer to prepay things.  But there are a lot more uses if you do not need the inputs upfront.   Likewise it is cooler if the client does not need to be opened once a Y period.  That is why it would be great for the intention/subscription to be held on the blockchain.

« Last Edit: November 06, 2014, 03:07:05 am by bitmarket »
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I heard BM say that Bitshares is not getting involved in any type of escrow, for regulatory reasons.

Offline emailtooaj

I'm not of the Dev type but wouldn't a "escort escrow service" make this work?

Would it be possible to use a delegate position to offer a 3rd party escrow service overseeing the "subscription" contracts?
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Offline onceuponatime


Ha!

Bitshares Peep  -  See without being seen.

Oh no! What will this do for the RandPaulCoins reputation?    ;D

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Ha!

Bitshares Peep  -  See without being seen.

Offline GaltReport

 +5% Sounds good on all fronts.  No issues here. :)

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This is also an area where TITAN is a big positive instead of a possible negative ...  when talking about products that require being discreet.
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Offline Riverhead

+5% Recurring revenue would be a really big market for us. I'm interested in the technicals of this... recurring revenue uses a "pull" method whereas crypto, by its very nature, is "push". I wonder how this will be done without giving the merchant access to your private keys.

Scripted push I would guess. Also I agree that subscription models are where it is at. EVERY company knows this is the Golden Goose. Amazon Prime, Netflix, Spotify, MS Office 360, etc.

THIS.

Adult content is the real money maker of the internet no one talks about in mixed company. $2.8B in US alone.

http://business.time.com/2012/04/04/sex-on-the-internet-sizing-up-the-online-smut-economy/
« Last Edit: November 06, 2014, 01:11:23 am by Riverhead »

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 +5% Recurring revenue would be a really big market for us. I'm interested in the technicals of this... recurring revenue uses a "pull" method whereas crypto, by its very nature, is "push". I wonder how this will be done without giving the merchant access to your private keys.

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Item: High risk merchants ripe and ready to use bitUSD for continuity payments

+5%)

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+5%

Yes !  Some time ago before I was very active in crypto stuff I was defending bitcoin as a whole against others.  One of the people I was talking to had done well in sleazy online stuff.  We discussed bitcoin applicability for his business needs and I came to the conclusion it wasn't feasible because the subscription model doesn't work. I had totally forgot this conversation ...  I'm curious how this will be implemented but +5% +5% .  We have to build demand through gray areas that don't work well within current fiat systems.
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So we (Marketing)  just got a off a Skype conference call with the Dev team.

Lots of awesome things came out of it, and I am now more excited than ever about BTS.  However I wanted to share one very cool thing that excited me.

First the background. I have spoken to many companies about accepting bitcoin. The first objection I get is volatility and companies like bitpay have solved that problem. The second objection I get is there is no ability for continuity payments. All businesses built on the subscription model cannot "play" with bitcoin.  Because bitcoin is volatile a subscription of $10 per month may be 0.1 bitcoin this month and 0.05 bitcoin teh moth after.

With the stability of bitUSD this concern is no longer there.  After talking to BM we discovered continuity payments are actually low hanging fruit for the developers. It could be ready to go in a week or so if it were focused on.  And since customers have stability of currency with bitUSD in their wallet, they would be fine to leave a large chunk in their wallet, earning interest and they can control on the client side what subscriptions they have enabled or not.

Enter the world of high risk merchants. As an example the Adult industry have to suffer merchant fees as high as 25% on successful transactions and chargebacks and other fees are exorbitant. It is a reality that over 40% of their revenues go to the merchant provider.

The industry is ripe for the picking for bitcoin.... except one thing.  It is built on continuity payments.  Membership to porn site XYZ for $4.99 a month.

It would make total sense for them to accept bitUSD as a payment and offer a discount of up to 40% for using it.  That could seriously motivate customers to click the link next to the payment option  "What is bitUSD" and get a few. Plus their payment would be private

Consumer side motivation to use crypto is what has been sorely lacking for bitcoin because a  2% discount on purchases is not enough of an incentive... but 20-40% might be.  That is why bitcoin has had good penetration into the gambling industry. It does not depend on continuity payments.

The porn industry jumped to mind but here is more complete list of high risk merchant industries.
https://www.e-onlinedata.com/Merchant_Services/Internet_Merchant/authorize.net/Prohibited.aspx

Which ones have not had good penetration with bitcoin because they rely on continuity payments? Each one is a market that we can attack, with no competition from any other crypto.

Of course we would not brand ourselves as "dancer dollars." But through some strategic relationship with this industry it could be a great "viral insertion point" as MethodX would say.  A place to get bitUSD in lots of peoples hands. Once we do that, the rest is easy.

Thoughts, brainstorming, industry knowledge and contacts are much appreciated.
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