All the discussion about a referral program going on has really got me thinking deeply about how organic adoption
can be sped up.
I've come to the conclusion that we need to very publicly demonstrate the uniqueness/value of BitUSD. We need to display the strengths it has over every other crypto. So what's the best way to do this? Allow merchants on OpenBazaar to accept BitUSD.
I can't think of any use case that showcases the value proposition of BitUSD better than a marketplace that deals only in volatile crypto. A stable crypto would allow an open marketplace like OB to attract a user base that goes far beyond drug users. Average users who want nothing to do with drugs currently don't have many reasons to use OB because it exposes them to Bitcoins massive volatility. Now, if OB accepted a non-volatile crypto, an average user would be much more likely to use the service for legitimate reason to save on fees (vs. eBay). BitUSD would allow for an entirely legitimate demographic.How do we make this happen?
I've done some digging and found this thread
on the official OB forum. I also started this thread
I'm not going to make some penultimate statement, but generally coins that support multisig transactions could be added in the future. Our plans don't currently involve it due to resource constraints and testing support, but it wouldn't be that hard to add it on.EDIT: Bytemaster has confirmed we already support multi-sig.
Yes, that's correct. It would also require having notaries that are willing to use the alt-coin as well, all three parties need to have a key to the multisig.
The only thing I think you'll need to put more thought into is if you're talking about putting alt-coins into the existing OB network then you need to make sure that all parties are capable of doing multisig with that coin (all parties being buyer, seller, and notary). So we'll need some way of clarifying which notaries can be used for alts, that type of thing.
Based on the digging I've done, it seems the OB team is very willing to work with alt developers on integration.Bottom Line
BitUSD on OB is the catalyst
we need. It will get BitUSD massive publicity, create demand and showcase its value proposition. Once introduced to BitUSD, merchants and consumers using OB won't want to transact in anything else! This is the perfect opportunity to strategically seed BitUSD in the right place at the right time. When it's inevitably a success on OB, BitUSD will spread to other marketplaces, creating more demand and likely explode in direction we can't anticipate.
Lets make this happen before OB is associated with drugs and other illegal activity. The time is now!