1. 25 000 BTSX MethodX sent
2. 20 000 Cass sent
3. 5 000 libertylover sent
I really like MethodX ideas, skills and that he takes action. He seems to be getting a lot of stuff done & I tend to agree with him most of the time. So I'll send some BTSX to him to support that good work.
I think Cass does & has done great graphic work, and graphics will certainly help make things like BitAssets easier to understand, so that's something I want to support.
I think videos are great way to explain complicated concepts and I think BitMarket explains BitAssets fantastically and does the soft sell to the Bitcoin market very well.
I think those are some of the key guys that I can see at the moment that are going to help make BitAssets as simple as possible for the people to understand.
Funding over. Except for 50k BTSX if it will help support in anyway to get BitAssets on Coinmarketcap main page.
Thanks to everyone else in the community doing their part to make BitShares better.
I believe there is a big mainstream marketing push coming that will be awesome.
However I've been a bit concerned by the possibility of dilution, the non specific demographic they seem to be aiming at & I also get a bit frustrated seeing NuBits doing large volumes ($500k+ daily) when it seems BitAssets could be doing the same thing had we followed similar marketing steps. I believe step 1 for BitAssets in the adoption race is to win in our own alt-coin market
I don't like doing much legwork but I have a small fund of 100k BTSX, which is nothing in the grand scheme of things, but it's to put towards things I feel would be good advertising in the Alt-Coin market.
I'm especially interested in getting BitAssets on Coinmarketcap main page if at all possible and also a simple BitUSD webpage that BitUSD links to, or at least a graphic we can post around forums. (Maybe one for BitGold too.) Even if they're later replaced by much better ones coming from the main marketing team.
So feel free to post any ideas, thoughts etc.
I think that despite being a ponzi, NuBits volumes are showing there is a demand for pegged assets and that they can be kickstarted within the alt-coin market for fairly little outlay.
Their steps seem to have been -
1. A simple BitUSD wallet
2. A simple BitUSD webpage (Theirs https://nubits.com/
3. Main page Coinmarketcap listing
4. 2 Million CAP (Top 20 CMC)
5. Bter liquidity
6. Bit o advertising
7. Being ready when Bitcoin tanked1. A Simple wallet
- I believe it's coming. (Though if we're looking at 5 weeks+ then it's too long to wait to not start other steps imo.) 2. A simple BitUSD webpage
Apparently MethodX is working on something like this (https://bitsharestalk.org/index.php?topic=9803.msg127503#msg127503
) looking forward to seeing it. If he's not received funding for it, I'll certainly donate or tip the finished product. (I would also say as a BTSX shareholder, I think MethodX could be a good choice for an Alt-Coin Market, marketing related role within BTSX)http://bitshares-x.info/
is pretty sweet but I wonder if we shouldn't have BitUSD and BitGold prices on the main page?
That's where people are directed to from BTSX on coinmarketcap but it doesn't directly market pegged assets.
3. Mainpage coinmarkecap listing
I've already mentioned how important I think being on the main page of CMC is https://bitsharestalk.org/index.php?topic=9596.msg124749#msg124749
According to Alexa.com, BitShares-X.info gets it's most upstream visitors from CMC by far > 30%.
(Twice the amount as BitShares.org brings for example and think of all the time, money and effort that has been spent on that.)
The asset page though is viewed MUCH less. So we put ourselves at a big advertising & marketing disadvantage if not on the main CMC page and other pegged assets like NuBits (ponzi) are.
Once BitAssets have this system https://bitsharestalk.org/index.php?topic=9587.0
& if we can get some bter liquidity then I really think we need to get on the Coinmarketcap main page, because of its popularity there's no greater advertising opportunity I've come across that would reach people in or interested in BitAssets in our market. (Especially if BTC has another sharp downturn.)
It's been mentioned to Gliss https://bitcointalk.org/index.php?topic=199685.msg9072411#msg9072411
though no response so far. I think I remember someone saying forum member Brent Allsop is in contact with him? I don't want to hound him on BTT but if someone has direct contact it would be great to find out if there's a way to get it done. Main argument
- The home page should show this list: http://coinmarketcap.com/all/
as Toast said 'The lines are starting to blur between what is a "core" vs "embedded" asset' you can see I suggested listing them on the main page but distinguishing them some other visual way.
- Maybe look at talking to the other 2.0's I'm sure they'd all want at least one of their assets on the main page to promote what their 2.0 does. (Mastercoin would want Maidsafe etc.)
- Also Nubits is a ponzi. If it can be explained clearly to Gliss the risks people face investing in it and the negativity of promoting it, that could have an effect, in him wanting BitUSD to have fair main page placement.
- Maybe we can at least convince him to make http://coinmarketcap.com/all/
the main page for another month or two until there's enough quantity on the asset side to warrant it's own section.
Either way if we can get it done. I'd like to make a donation and also tip whoever helps gets it done. It's such a great advertising platform. Worst Case: What are the costs of main page banner placement?
Once we have a simple web page, liquidity on bter & the new system, then if pegged assets aren't on the main page, we should maybe consider taking out a advert that shows BitUSD and maybe BitGold in the main banner to show that BTSX has pegged assets. (Even just for a month to get them more exposure) If Bitcoin has another downturn especially this will be worth it's weight in gold. I think it will be more than my budget but I'm willing to put most towards this. http://cointelegraph.com/news/112256/advertise-for-bitcoin#prices
4. $2 Million CAP BitUSD or other BitAssets
There's apparently a simple trade where we can all pick up some BitAssets to maximise our interest, while shorting at the same time and keep our overall exposure the same. If that trade can be explained super simply maybe we can kickstart a little BitAsset CAP ourselves and get the CAP up. The higher BitAssets CAP the better for marketing too. 5. Bter liquidity
It seems from NuBits a lot of volume is being done on bter. I don't know if we'll be able to replicate that now, that they kind of have that postion.
It seems we can at least making buying and sellling BitAssets easier by making them more liquid on bter in the short term.
I presume there is a bot incoming or something? But worst I mean if we're going to try help BitAssets ourselves as shareholders we should probably make an effort to add some liquidity ourselves and take our BitAssets over there.
Anyway for my part I'll try figure out BitAssets a bit more this week and try taking BitUSD over to bter etc. There are potentially 1 million+ Bitcoin users. I think trying to kickstart up to 50 000 alt-coin users who would then promote them to previously Bitcoin skeptical friends would be a great way to bootstrap BitAsset adoption. Though not the subject of this post, if I were to target mainstream markets it would be specifically where I perceive there is a high demand for the advantages BitAssets offer. For example in countries with high inflation. http://www.zerohedge.com/news/2013-05-15/argentines-are-hoarding-1-every-15-cash-dollars-world They have a need for BitUSD t & a lower per capita income normally (Cheaper incentives required), maybe approaching guys like this, http://www.coindesk.com/bitpagos-brings-bitcoin-8000-convenience-stores-ripio/ though I would still like to avoid dilution.
Main team is probably working on a lot of this, but if there's anything we can do to try help BitAssets find their alt-coin market sooner and compete with NuBits we really should do it imo.