Potential meeting with PayPoint upper management - Large UK payment service

[BarryMcFakeName]

Hi Barry,

welcome to the BitShares community and thanks for your offer:

I would be very interested to know how much they are paying for their database infrastructure, maintenance and software support. Those might be of interest because with BitShares they can eliminate those costs ... completely.
Do you think they may tell us what their "real" costs for a transaction are?

Cheers
 -- Fabian

Completely cut those costs...

.. maybe not so much in support costs because you still need custom software to interface your business with the blockchain .. but you certainly don't need to run and maintain your own database servers ..
usually Service Level Agreements for 99.99% uptime are expensive .. those for "five9" are even more expensive ... at least for centralized solutions

Thanks for the question 

If you can walk to any PayPoint in the UK (literally in every corner) and buy bitAssets, this is not big this is HUGE for both parties.

Someone would have to succinctly explain why it is huge for PayPoint so that the opportunity can be presented to them.

A short presentation on the benefits of integrating BitAssets for third parties would be valuable. I don't think we have something like this.

You are right, the simplest way I describe assets are:

With Bitcoin the blockchain was invented, the blockchain is a currency (Bitcoin) ledger which tracks every transaction ever made, the great invention is that these transactions cannot be manipulated or tampered as they are constantly verify by third parties.

Imagine applying this to other physical aspects in our life, other currencies (USD, GBP, EURO), stocks or shares in a company, land registry or any other registry, voting,  in general anything that can track ownership. This is what Bitshares does, it creates SmartCoins (assets that track normal currency) and allows to create any assets to track any form of ownership.

How do you buy or exchange these assets? Bitshares has an inbuilt exchange.

Paypoint in this scenario can act as a gateway for all these transactions.

...A gateway is an entity that sells it's banking relationships and regulatory compliance to move value between cash/fiat to digtally secure online assets. This may entail selling end-users bitGBP to spend cash safely online, or to fascilate the transfer of funds between bank accounts across the world. (Plz correct this I'm not 100% on the business lingo here). Liabilities can be instantly hedged. BitShares allows instant transfer, with heirachical permissions for a corporate environment. The value of any asset can now be held with greater ease than a modern bank account.

PayPoint can also offer customer support services. The BitShares blockchain can handle most of the network infrastructure, but cannot provide human customer support. Networking and personal trust relationships are also necessary for a sucessful business and paypoint can specialise in these sectors.

How much would PP have to pay per tx?
What are their costs, in black and white, to use bitshares as a very large business?

PP is also rewarded with up to £40 per user, depending on their usage of the bitshares network. How many extra resources will PP need to spend to target this referral income? (Hopefully very few)

[betax]

Hi Barry,

welcome to the BitShares community and thanks for your offer:

I would be very interested to know how much they are paying for their database infrastructure, maintenance and software support. Those might be of interest because with BitShares they can eliminate those costs ... completely.
Do you think they may tell us what their "real" costs for a transaction are?

Cheers
 -- Fabian

Completely cut those costs...

.. maybe not so much in support costs because you still need custom software to interface your business with the blockchain .. but you certainly don't need to run and maintain your own database servers ..
usually Service Level Agreements for 99.99% uptime are expensive .. those for "five9" are even more expensive ... at least for centralized solutions

Correct just sold this to every bank, the infrastructure is ready, there is no worry for uptime, minimal payment for maintenance.

With the current planned fees for every transaction. Mastercard charging 3% for each transaction with a life membership will be able to make great profits, with no worry about maintenance of the back end, only from POS -> Mastercard .

[betax]

If you can walk to any PayPoint in the UK (literally in every corner) and buy bitAssets, this is not big this is HUGE for both parties.

Someone would have to succinctly explain why it is huge for PayPoint so that the opportunity can be presented to them.

A short presentation on the benefits of integrating BitAssets for third parties would be valuable. I don't think we have something like this.

You are right, the simplest way I describe assets are:

With Bitcoin the blockchain was invented, the blockchain is a currency (Bitcoin) ledger which tracks every transaction ever made, the great invention is that these transactions cannot be manipulated or tampered as they are constantly verify by third parties.

Imagine applying this to other physical aspects in our life, other currencies (USD, GBP, EURO), stocks or shares in a company, land registry or any other registry, voting,  in general anything that can track ownership. This is what Bitshares does, it creates SmartCoins (assets that track normal currency) and allows to create any assets to track any form of ownership.

How do you buy or exchange these assets? Bitshares has an inbuilt exchange.

Paypoint in this scenario can act as a gateway for all these transactions.

[xeroc]

Hi Barry,

welcome to the BitShares community and thanks for your offer:

I would be very interested to know how much they are paying for their database infrastructure, maintenance and software support. Those might be of interest because with BitShares they can eliminate those costs ... completely.
Do you think they may tell us what their "real" costs for a transaction are?

Cheers
 -- Fabian

Completely cut those costs...

.. maybe not so much in support costs because you still need custom software to interface your business with the blockchain .. but you certainly don't need to run and maintain your own database servers ..
usually Service Level Agreements for 99.99% uptime are expensive .. those for "five9" are even more expensive ... at least for centralized solutions

[fuzzy]

Hi Barry,

welcome to the BitShares community and thanks for your offer:

I would be very interested to know how much they are paying for their database infrastructure, maintenance and software support. Those might be of interest because with BitShares they can eliminate those costs ... completely.
Do you think they may tell us what their "real" costs for a transaction are?

Cheers
 -- Fabian

It seems that nearly every day I'm reminded about something blockchains can accomplish thatblows my mind...

Completely cut those costs...

[Empirical1.2]

If you can walk to any PayPoint in the UK (literally in every corner) and buy bitAssets, this is not big this is HUGE for both parties.

Someone would have to succinctly explain why it is huge for PayPoint so that the opportunity can be presented to them.

A short presentation on the benefits of integrating BitAssets for third parties would be valuable. I don't think we have something like this.

[betax]

If you can walk to any PayPoint in the UK (literally in every corner) and buy bitAssets, this is not big this is HUGE for both parties.

[hadrian]

This is a pretty big deal, in that PayPoint are all over the place in the UK, and used by a lot of people. ZipZap used to have a partnership with them which allowed people to easily buy bitcoin, but PayPoint pulled out wanting more regulatory clarification (see here). ZipZap now use the not so ubiquitous payzone.

I think it would be well worth making sure that BitShares is on the radar of PayPoint (and perhaps also ZipZap). I don't know if anyone's contacted ZipZap before about BitShares... I'll try to find out later when I'm not on a cellphone!

Thanks for this Barry. By the way, you've put PayPal instead of PayPoint at one point in your post.

edit: to add mention of payzone above.

[xeroc]

Hi Barry,

welcome to the BitShares community and thanks for your offer:

I would be very interested to know how much they are paying for their database infrastructure, maintenance and software support. Those might be of interest because with BitShares they can eliminate those costs ... completely.
Do you think they may tell us what their "real" costs for a transaction are?

Cheers
 -- Fabian

[BarryMcFakeName]

Hello,
Someone I know may be in contact with some of the higher-ups at PayPoint in the near future.

https://en.wikipedia.org/wiki/PayPoint

Which questions would you like to ask them to pique their interest in bts?
Would anybody like to offer their integration-services to PayPoint?
Be as in-depth as you like, if there is a good response I can make them into a presentation to hand them or present to them, given the opportunity.
I will merely be the middleman between PayPoint and a contractor (hopefully one of you) to take the rewards.
I am offering my services, free of charge, to try and interest  PayPal PayPoint senior management in BitShares enough to enter serious talks with a contractor.

Cheers,
BarryMcFakeName
(Who doesn't want any legal trouble so is posting via tor. I'm sure I'm doing nothing wrong but better to be safe.)

This isn't a throwaway account and I'll check messages.