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Offline MrJeans

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Officially launched: What do people think of bitGold.com?
« on: April 23, 2015, 11:18:38 PM »

I have tried out the service and was given a 'free' 20USD worth of bitGold to play with.

The registration flow is user friendly.

The UI is easy to navigate and fun to use.

The 20USD makes me want to play around with the system and send some bitGold to a friend.

The only reason I would not make use of it is because, aside from having fun sending gold i.o.u's to a friend, there is no utility and the centralized solution where I had to show a copy of my ID put me off. Its just another PayPal.

But for people who like PayPal, it is a rather cool and fun service.


Offline Ander

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Re: Officially launched: What do people think of bitGold.com?
« Reply #1 on: April 23, 2015, 11:41:13 PM »
Its another egold.

Its humorous to me how in the age of decentralized blockchains, people think they can copy egold again with a centralized solution.
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Offline Riverhead

Re: Officially launched: What do people think of bitGold.com?
« Reply #2 on: April 23, 2015, 11:46:36 PM »

Anyone want to do an over/under TTG (Time Till Goxed)?


Offline xeroc

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Re: Officially launched: What do people think of bitGold.com?
« Reply #4 on: April 24, 2015, 06:03:33 AM »
I stopped my registration process once they wanted my birth date ..
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Offline MrJeans

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Re: Officially launched: What do people think of bitGold.com?
« Reply #5 on: April 24, 2015, 10:14:27 AM »

Anyone want to do an over/under TTG (Time Till Goxed)?
Haha love it!

The thing is, people want something that is simple and that they can understand.
The concept of physical gold in a physical location that can be redeemed makes sense.

Bitshares will need to somehow convince people that our bitGold is that.

This would be easier to do with bitUSD where there are on/off ramps.

People dont want to be told about the prediction market, the market peg, collateral etc. That just makes the whole thing sound scary, and like they going to loose their money if one of these things they dont understand doesnt work.

People should just be told to put their money into their Bitshares account because they can then transact with it globally and for less. anything more makes things confusing


Offline MrJeans

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Re: Officially launched: What do people think of bitGold.com?
« Reply #7 on: April 24, 2015, 11:33:35 AM »
I think it's really interesting that there are all these options to trade gold cropping up.

It's a chance to ride their marketing to plug bitshares as an open and decentralized alternative.

"i'm on it" ;)
I know what you mean, and I'm all for that.
I just think that offering a decentralized alternative, while it may be more profitable for its owners, is not more attractive to the majority of consumers.

Offline Gentso1

Re: Officially launched: What do people think of bitGold.com?
« Reply #8 on: April 24, 2015, 12:16:33 PM »
they want my mobile number and other data (KYC) for $20? nope.

Paypal has had great success and sadly time and time again the consumer  has voted (with their dollars) that they do not care about privacy.

We offer a decentralized option but is it wanted by the consumer?

 

Offline MrJeans

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Re: Officially launched: What do people think of bitGold.com?
« Reply #9 on: April 24, 2015, 04:05:54 PM »
The decentralized nature not a selling point at all.

Its great for the service provider because the way Bitshares has designed it, it is more efficient that centralized solutions.

However, the selling point is the low cost.
People dont care about centralization or decentralization. As long as they trust the entity they are using.

Offline ElMato

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Re: Officially launched: What do people think of bitGold.com?
« Reply #10 on: April 24, 2015, 06:06:13 PM »
For me the value proposition of bitAssets are.

- Unseizable
- No counterparty risk
- Instant transfer
- Low cost
- 0 questions for account opening

And i would love to have.
- Fast cash redemption.

Decentralized/Distributed is not a value proposition in itself.


 

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