Bitshares bridge for South Africa

donkeypong · March 23, 2015, 11:42:59 PM

Your cause is a worthy one. I wish there were an easy way to fund projects like this, because I agree with you that being a delegate is a bigger commitment. It would be cool if we didn't need to use the delegate thing to fund projects on a short term basis, but it is an option for you. Another suggestion might be to look around for a partner of some sort who could help handle the financial bridge, and maybe help fund the project.

MrJeans · March 17, 2015, 11:21:49 AM

I have considered this, but I would prefer not to be held hugely accountable to the community, when requesting such a small amount.
What I was looking for was a non-obligations donation.
In the mean time I am slowly saving up the funds necessary to launch the bootstrapped version, it would have just been nice to launch yesterday. :)
But either-way, this is something I am intended to get off the ground.

ebit · March 17, 2015, 02:03:42 AM

You can create a asset:BRIDGEJ

MrJeans · March 12, 2015, 09:09:07 PM

Quote from: BTSdac on March 12, 2015, 02:57:18 PM
could you add bitcny pair, if you and bitcny pair
international remittance would become easy
ZAR->CNY:
ZAR->BITCNY->CNY (btstrade.com can supply bitcny<->cny exchange without free
CNY->ZAR
CNY->BITCNY->ZAR

I would like to eventually add many pairs where on chain liquidity is high enough.
The SA market for bitcoin etc is however very small.
With this I would just be providing a starting point for South Africans to get onto and experiment with the technology.

BTSdac · March 12, 2015, 02:57:18 PM

could you add bitcny pair, if you and bitcny pair
international remittance would become easy
ZAR->CNY:
ZAR->BITCNY->CNY (btstrade.com can supply bitcny<->cny exchange without free
CNY->ZAR
CNY->BITCNY->ZAR

MrJeans · March 12, 2015, 02:55:06 PM

Quote from: onceuponatime on March 12, 2015, 01:50:51 AM
My thoughts:

If you can't, or don't want to. come up with $2776 from your own resources to do a startup, may I suggest that you are not yet ready to be in business?

Reserve float for transactions: $2000 (1500bitUSD and about 5500ZAR)

Banking account holding fees for 1 year: $120

Website hosting with SquareSpace for 1 year: $96

Gmail for business for 1 year: $60

Google adwords for year: $500

Total: bitUSD 2776

This is a super good point, its the first thing any venture capitalist would ask.

I have invested the majority my savings in Bitcoin and Bitshares. Which are currently heavily under water so I would really hurt myself financially to sell right now.

My day job is also a start up (bricks and motor though) and there is no salary there as we are all invested a property development project which will become ready for renting early next year. So no salary for me till then.

I am already in business for a number of years now and am therefore competant, its is just a case of seed money.

I would love to just put in my own cash as this would mean that I am not in any way accountable to anyone else which would be very relaxing. Unfortunately I just dont have the cash.
I am sure this is something you could understand, right?

MrJeans · March 12, 2015, 02:50:02 PM

Thanks for all the positive feedback. Its really great to hear! :)

The issue with running a delegate is that the registration fee is about 2 weeks worth of delegate pay and all I need is about 4 weeks. Its a very small amount to use a delegate for.

There is currently a delegate called fund.Bitsharesbreakout who seams appropriate for supporting this type of venture (currently ranked 119). I have commented on the thread asking them to look at this thread.

MrJeans · March 12, 2015, 02:45:39 PM

I am on the newsletter so that I stay up to date on this and hope to be able to attend.

Quote from: Pheonike on March 11, 2015, 05:51:36 PM

Will you be attending this conference?

http://bitcoinconference.co.za/#home

onceuponatime · March 12, 2015, 01:50:51 AM

My thoughts:

If you can't, or don't want to. come up with $2776 from your own resources to do a startup, may I suggest that you are not yet ready to be in business?

Reserve float for transactions: $2000 (1500bitUSD and about 5500ZAR)

Banking account holding fees for 1 year: $120

Website hosting with SquareSpace for 1 year: $96

Gmail for business for 1 year: $60

Google adwords for year: $500

Total: bitUSD 2776

cass · March 11, 2015, 08:59:44 PM

+5% +5%

https://www.payfast.co.za/

Pheonike · March 11, 2015, 05:51:36 PM

Will you be attending this conference?

http://bitcoinconference.co.za/#home

lovejoy · March 11, 2015, 05:33:22 PM

Quote from: donkeypong on March 11, 2015, 04:53:15 PM
...I'd say run a delegate (preferred) or issue an asset for this. You'll have my vote.

this ^ +5% BitShares bridge in South Africa? Sign me up!

donkeypong · March 11, 2015, 04:53:15 PM

Quote from: BTSdac on March 11, 2015, 03:49:54 PM
if you run a delegate I would vote you +5%

Me too. I'd say run a delegate (preferred) or issue an asset for this. You'll have my vote.

BTSdac · March 11, 2015, 03:49:54 PM

if you run a delegate I would vote you +5%

Pheonike · March 11, 2015, 03:17:03 PM

Great initiative, I've been thinking s. Africa would be a good place to jump start a remittance hub.