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I've already started working on creating and mapping twitter accounts for the adult industry. The goal is to have a strong grassroots base that will be ready when the official marketing begins with the high risk merchants reoccurring payments.
With the stability of bitUSD this concern is no longer there. After talking to BM we discovered continuity payments are actually low hanging fruit for the developers. It could be ready to go in a week or so if it were focused on. And since customers have stability of currency with bitUSD in their wallet, they would be fine to leave a large chunk in their wallet, earning interest and they can control on the client side what subscriptions they have enabled or not.
Quote from: eagleeye on November 11, 2014, 08:25:01 amVery good ideas. Porn uses funnel pages, squeeze pages, and info pages. You need to convince people to want to use bitUSD or even bitshares or any bitAsset. Make affiliate programs where people can convince other people to join so they get a commission as well. clickbank comes to mind.bitmarket, are you starting this, whose support do you need for the 2k a month delegate? Fuz's? Also breakdown the money aspect of the 2k a month, where will the money be going exactly.I don't need a delegate position for this at the moment.Myself and partners are doing due diligence on this niche as we speak along with a few others. I was just pretty excited about this and shared. These marketing plans/funnels/graphics etc take months to make. Biggest challenge we have at the moment it getting dev team to believe in a specific vision and sticking with it a couple of months to build it out. They spend a couple of months building tech, we spend a couple of months building marketing around what we asked for and it all comes together nicely at the right time. That is the goal. Time will tell if we can achieve that. Its quite a mission with a decentralized community.
Very good ideas. Porn uses funnel pages, squeeze pages, and info pages. You need to convince people to want to use bitUSD or even bitshares or any bitAsset. Make affiliate programs where people can convince other people to join so they get a commission as well. clickbank comes to mind.bitmarket, are you starting this, whose support do you need for the 2k a month delegate? Fuz's? Also breakdown the money aspect of the 2k a month, where will the money be going exactly.
The challenge is that bitUSD has no advantage over bitcoin for that use, but bitcoin has network effect. We are looking for a niche that bitcoin cannot service.
Quote from: bitmarket on November 13, 2014, 04:11:10 pmthe on/off ramp is sorted, jut not public yet...............................?!?!?
the on/off ramp is sorted, jut not public yet.
this summer
to this idea.Just one comment to this, most of these porn users are not tech savvy and subscription to this is mostly less $5/mon, they probably prefer hassle free than a discount. Too early to target porn users because bitshares has no simple wallet and mobile wallet yet.Why not target hosting sites first? the customers are webmasters, tech savvy and payment are all subscription.just my 2 cents
I'm not of the Dev type but wouldn't a "escort escrow service" make this work?Would it be possible to use a delegate position to offer a 3rd party escrow service overseeing the "subscription" contracts?
Quote from: bitmarket on November 07, 2014, 01:38:24 amAt present we are imagining it like this.Merchant saves 40% by using bitUSD and offers to pass 20% savings on to customers.At checkout page customer sees banner in the payment options section. "Pay anonymously and get a 20% discount by using bitUSD" or "Protect your privacy and get a 20% discount by using bitUSD" [hypelink]What is bitUSD?[/hyperlink]Customer clicks on link. Goes to a very nice corporate site. Watches a short animated video (3mins) on how cool bitusd is. How he can download wallet(desktop or phone) and fund it within 60 seconds(cool on ramp not yet public) + spend it at legitimate non porn places like XYZ + with absolute anonymity + that some merchants offer discounts to use bitUSD because bitUSD is so awesome it saves them merchant fees + you earn real interest while the bitusd is in your account, so feel free to get a few extra bitUSD (more than you need for this next purchase)Once user has funded wallet they are returned to the referring merchant.Points to note:Our site is professional. It feels like an Amex black card site.Our site works for all merchants not just porn sites. Porn will be able to make 20-40% discounts where as Amazon will only be able to give 2% discounts, but it all works the same.We will have there email address and can follow up with informative videos how they can get the "cool new CD like accounts" that pay higher interest than there bank and they may want to park some USD there. If we can figure out some cool way to make more money on the back end (or get community support donation/dilution/delegate pay) we can pay an army of sales people to approach businesses in all niches OR give customers a free $5 sample to try us out, or some combination.Now do me a favor. Don't make me regret making this post. Things change and change a lot. Even though deadlines have not been offered, if they were they would be not met. Dont complain this is not happening fast enough or not at all. This will not even be attempted until the product is where it needs to be. to this idea.Just one comment to this, most of these porn users are not tech savvy and subscription to this is mostly less $5/mon, they probably prefer hassle free than a discount. Too early to target porn users because bitshares has no simple wallet and mobile wallet yet.Why not target hosting sites first? the customers are webmasters, tech savvy and payment are all subscription.just my 2 cents
At present we are imagining it like this.Merchant saves 40% by using bitUSD and offers to pass 20% savings on to customers.At checkout page customer sees banner in the payment options section. "Pay anonymously and get a 20% discount by using bitUSD" or "Protect your privacy and get a 20% discount by using bitUSD" [hypelink]What is bitUSD?[/hyperlink]Customer clicks on link. Goes to a very nice corporate site. Watches a short animated video (3mins) on how cool bitusd is. How he can download wallet(desktop or phone) and fund it within 60 seconds(cool on ramp not yet public) + spend it at legitimate non porn places like XYZ + with absolute anonymity + that some merchants offer discounts to use bitUSD because bitUSD is so awesome it saves them merchant fees + you earn real interest while the bitusd is in your account, so feel free to get a few extra bitUSD (more than you need for this next purchase)Once user has funded wallet they are returned to the referring merchant.Points to note:Our site is professional. It feels like an Amex black card site.Our site works for all merchants not just porn sites. Porn will be able to make 20-40% discounts where as Amazon will only be able to give 2% discounts, but it all works the same.We will have there email address and can follow up with informative videos how they can get the "cool new CD like accounts" that pay higher interest than there bank and they may want to park some USD there. If we can figure out some cool way to make more money on the back end (or get community support donation/dilution/delegate pay) we can pay an army of sales people to approach businesses in all niches OR give customers a free $5 sample to try us out, or some combination.Now do me a favor. Don't make me regret making this post. Things change and change a lot. Even though deadlines have not been offered, if they were they would be not met. Dont complain this is not happening fast enough or not at all. This will not even be attempted until the product is where it needs to be.
Quote from: fuzzy on November 12, 2014, 08:12:30 amUnfortunately, you are right. Maybe I should be a little more forceful with regard to making sure there is at least, say 15 minutes, for subreddit questions. At the same time, however, we usually have so many questions during the actual hangouts that either:A) cover a large number of the questions asked in the subreddit, orB) The topics of conversation are so valuable that it is hard to interrupt the conversations that grow from them...It requires prioritizing the reddit questions yourself. Look at what seems to be the best question that has the most value to the community. Blindly choosing the first question isn't a good way of doing it. Let the conversation flow and only interject when one person is overpowering the session. Silence is ok, it lets the less aggressive people ask questions. Dead spots in audio may be uncomfortable at the time, but they are trivial to edit out. In fact there is likely a filter to do as much in an automated manner.
Unfortunately, you are right. Maybe I should be a little more forceful with regard to making sure there is at least, say 15 minutes, for subreddit questions. At the same time, however, we usually have so many questions during the actual hangouts that either:A) cover a large number of the questions asked in the subreddit, orB) The topics of conversation are so valuable that it is hard to interrupt the conversations that grow from them...
Quote from: fuzzy on November 11, 2014, 01:58:28 pmQuote from: gamey on November 08, 2014, 11:42:15 pmQuote from: hpenvy on November 07, 2014, 08:19:10 pmWere the reddit questions covered at the end of the mumble session? I had to step out after the first hour.I believe only one question was asked due to time constraints. Fuz was at a loss as to which one to ask and just went with the top one. I forget what it was.I wasnt at a loss dork Questions go in this order and based on time available:1) highest number of up votes. In the case none have votes:2) in the order asked...so the first questions are asked first. Not perfect, I know, but neither are the tools we have currently available I've learned a valuable lesson from attending a few mumble sessions. If you have a question, ask it during the actual broadcast.
Quote from: gamey on November 08, 2014, 11:42:15 pmQuote from: hpenvy on November 07, 2014, 08:19:10 pmWere the reddit questions covered at the end of the mumble session? I had to step out after the first hour.I believe only one question was asked due to time constraints. Fuz was at a loss as to which one to ask and just went with the top one. I forget what it was.I wasnt at a loss dork Questions go in this order and based on time available:1) highest number of up votes. In the case none have votes:2) in the order asked...so the first questions are asked first. Not perfect, I know, but neither are the tools we have currently available
Quote from: hpenvy on November 07, 2014, 08:19:10 pmWere the reddit questions covered at the end of the mumble session? I had to step out after the first hour.I believe only one question was asked due to time constraints. Fuz was at a loss as to which one to ask and just went with the top one. I forget what it was.
Were the reddit questions covered at the end of the mumble session? I had to step out after the first hour.
At present we are imagining it like this.Merchant saves 40% by using bitUSD and offers to pass 20% savings on to customers.At checkout page customer sees banner in the payment options section. "Pay anonymously and get a 20% discount by using bitUSD" or "Protect your privacy and get a 20% discount by using bitUSD" [hypelink]What is bitUSD?[/hyperlink]Customer clicks on link. Goes to a very nice corporate site. Watches a short animated video (3mins) on how cool bitusd is. How he can download wallet(desktop or phone) and fund it within 60 seconds(cool on ramp not yet public) + spend it at legitimate non porn places like XYZ + with absolute anonymity + that some merchants offer discounts to use bitUSD because bitUSD is so awesome it saves them merchant fees + you earn real interest while the bitusd is in your account, so feel free to get a few extra bitUSD (more than you need for this next purchase)Once user has funded wallet they are returned to the referring merchant.Points to note:Our site is professional. It feels like an Amex black card site.Our site works for all merchants not just porn sites. Porn will be able to make 20-40% discounts where as Amazon will only be able to give 2% discounts, but it all works the same.If we can figure out some cool way to make more money on the back end (or get community support donation/dilution/delegate pay) we can pay an army of sales people to approach businesses in all niches OR give customers a free $5 sample to try us out, or some combination.Now do me a favor. Don't make me regret making this post. Things change and change a lot. Even though deadlines have not been offered, if they were they would be not met. Dont complain this is not happening fast enough or not at all. This will not even be attempted until the product is where it needs to be.
Bm confirmed the funds need not be present to set the schedule. Thus acting just like a real bank account. The funds will go out if the money is present. I have asked some follow up questions. I will post them here when answered.Consumers get: Discount on products(If merchant passes them along) + Privacy + Free samples of bitUSD(possibly if we can make it work. Either delegate funds of other ideas the marketers have)Merchants get: Zero chargebacks Zero processing fees Zero reserves required Potential increased conversions because they offer customers privacy and discounts No credit check No history required Friendlier to banks (Can bank domestically easily. Save on bank and wire fees)Cons for the customer Have to spend 5 minutes downloading a wallet and loading a balance on it before he can get back to jerking off. (Cool on ramps in place but not public yet.)Cons for the merchant: Potential drop in conversions because customer must leave the porn site to learn about bitUSD and might jerk off to this awesome new decentralized bank (like me) and not worry about porn anymore. Potentially the stick rate(number of monthly payments the merchant gets) will suffer, depending on the implementation and user habits
Quote from: donkeypong on November 06, 2014, 09:27:23 pmQuote from: OldMan on November 06, 2014, 09:13:04 pmQuote from: donkeypong on November 06, 2014, 06:43:54 pmQuote from: hpenvy on November 06, 2014, 06:27:43 pmQuote from: bitmarket on November 06, 2014, 06:20:40 pmQuote from: OldMan on November 06, 2014, 04:36:03 pmQuote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto. But the network effects put us miles behind. It will be easier to go after a market that bitcoin cannot go after.This is the golden ticket, period. We could create some really interesting viral marketing campaigns around it. Is it possible to add incentives for individuals to push bitUSD to these different high risk markets? For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?How about starting your own 'bounty delegate'?This is just a dedicated marketing delegate.$2k/month to hit up porn sites and cam girls?Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.Porn delegate? Don't forget the brothels and strip joints. Smut delegate? Booze, drugs, and bail bondsmen. Sin delegate?Oh the ideas I've had. I would be glad to let people know behind the scenes (perhaps using the mumble server) of these ideas. But lets just say it could eventually reach much farther. Unfortunately, I often wonder if this is best done with another SuperDAC like BTS, only created to have the functionality of what coins like SXC were attempting to do. The only reason i say this is because having all these things tied to one DAC could cut us off to huge markets. For instance, what if BTS placement in the Porn Industry is used in a smear campaign to keep our voting system from being utilized? Then we gain one huge market just to lose another.
Quote from: OldMan on November 06, 2014, 09:13:04 pmQuote from: donkeypong on November 06, 2014, 06:43:54 pmQuote from: hpenvy on November 06, 2014, 06:27:43 pmQuote from: bitmarket on November 06, 2014, 06:20:40 pmQuote from: OldMan on November 06, 2014, 04:36:03 pmQuote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto. But the network effects put us miles behind. It will be easier to go after a market that bitcoin cannot go after.This is the golden ticket, period. We could create some really interesting viral marketing campaigns around it. Is it possible to add incentives for individuals to push bitUSD to these different high risk markets? For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?How about starting your own 'bounty delegate'?This is just a dedicated marketing delegate.$2k/month to hit up porn sites and cam girls?Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.Porn delegate? Don't forget the brothels and strip joints. Smut delegate? Booze, drugs, and bail bondsmen. Sin delegate?
Quote from: donkeypong on November 06, 2014, 06:43:54 pmQuote from: hpenvy on November 06, 2014, 06:27:43 pmQuote from: bitmarket on November 06, 2014, 06:20:40 pmQuote from: OldMan on November 06, 2014, 04:36:03 pmQuote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto. But the network effects put us miles behind. It will be easier to go after a market that bitcoin cannot go after.This is the golden ticket, period. We could create some really interesting viral marketing campaigns around it. Is it possible to add incentives for individuals to push bitUSD to these different high risk markets? For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?How about starting your own 'bounty delegate'?This is just a dedicated marketing delegate.$2k/month to hit up porn sites and cam girls?Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.
Quote from: hpenvy on November 06, 2014, 06:27:43 pmQuote from: bitmarket on November 06, 2014, 06:20:40 pmQuote from: OldMan on November 06, 2014, 04:36:03 pmQuote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto. But the network effects put us miles behind. It will be easier to go after a market that bitcoin cannot go after.This is the golden ticket, period. We could create some really interesting viral marketing campaigns around it. Is it possible to add incentives for individuals to push bitUSD to these different high risk markets? For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?How about starting your own 'bounty delegate'?
Quote from: bitmarket on November 06, 2014, 06:20:40 pmQuote from: OldMan on November 06, 2014, 04:36:03 pmQuote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto. But the network effects put us miles behind. It will be easier to go after a market that bitcoin cannot go after.This is the golden ticket, period. We could create some really interesting viral marketing campaigns around it. Is it possible to add incentives for individuals to push bitUSD to these different high risk markets? For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?
Quote from: OldMan on November 06, 2014, 04:36:03 pmQuote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto. But the network effects put us miles behind. It will be easier to go after a market that bitcoin cannot go after.
Quote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.
Quote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.
Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.
I would need to delegates for this job. One to chase the players in the Adult Industry and a 2nd to support my newly acquired mandatory cocaine habit.
Quote from: OldMan on November 06, 2014, 09:13:04 pmQuote from: donkeypong on November 06, 2014, 06:43:54 pmQuote from: hpenvy on November 06, 2014, 06:27:43 pmQuote from: bitmarket on November 06, 2014, 06:20:40 pmQuote from: OldMan on November 06, 2014, 04:36:03 pmQuote from: bitmarket on November 06, 2014, 06:49:32 amQuote from: OldMan on November 06, 2014, 04:50:04 amImagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.A la carte video and tipping cam girls can be achieved equally well with any crypto. It is the recurring billing we have a monopoly on.Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto. But the network effects put us miles behind. It will be easier to go after a market that bitcoin cannot go after.This is the golden ticket, period. We could create some really interesting viral marketing campaigns around it. Is it possible to add incentives for individuals to push bitUSD to these different high risk markets? For example, if Joe Smith contacts PornPalce123 and convince them to use bitUSD, is there any way to compensate or is this maybe a paid delegate position?How about starting your own 'bounty delegate'?This is just a dedicated marketing delegate.$2k/month to hit up porn sites and cam girls?Should be a long line of qualified candidates - and we'd only need one or two to make a huge impact.Porn delegate?
Quote from: Shentist on November 06, 2014, 06:16:53 pmporn is good!- also APP business- so the app developer can distribute the app for free and can later charge smaller amounts for extra featuresThe challenge is that bitUSD has no advantage over bitcoin for that use, but bitcoin has network effect. We are looking for a niche that bitcoin cannot service.
porn is good!- also APP business- so the app developer can distribute the app for free and can later charge smaller amounts for extra features
Quote from: bitmarket on November 06, 2014, 12:32:41 amOf course we would not brand ourselves as "dancer dollars." But through some strategic relationship with this industry it could be a great "viral insertion point" as MethodX would say. A place to get bitUSD in lots of peoples hands. Once we do that, the rest is easy.In the porn industry, you shouldn't have any problem finding viral insertion points.
Of course we would not brand ourselves as "dancer dollars." But through some strategic relationship with this industry it could be a great "viral insertion point" as MethodX would say. A place to get bitUSD in lots of peoples hands. Once we do that, the rest is easy.
So we (Marketing) just got a off a Skype conference call with the Dev team. Lots of awesome things came out of it, and I am now more excited than ever about BTS. However I wanted to share one very cool thing that excited me.First the background. I have spoken to many companies about accepting bitcoin. The first objection I get is volatility and companies like bitpay have solved that problem. The second objection I get is there is no ability for continuity payments. All businesses built on the subscription model cannot "play" with bitcoin. Because bitcoin is volatile a subscription of $10 per month may be 0.1 bitcoin this month and 0.05 bitcoin teh moth after.With the stability of bitUSD this concern is no longer there. After talking to BM we discovered continuity payments are actually low hanging fruit for the developers. It could be ready to go in a week or so if it were focused on. And since customers have stability of currency with bitUSD in their wallet, they would be fine to leave a large chunk in their wallet, earning interest and they can control on the client side what subscriptions they have enabled or not.Enter the world of high risk merchants. As an example the Adult industry have to suffer merchant fees as high as 25% on successful transactions and chargebacks and other fees are exorbitant. It is a reality that over 40% of their revenues go to the merchant provider.The industry is ripe for the picking for bitcoin.... except one thing. It is built on continuity payments. Membership to porn site XYZ for $4.99 a month.It would make total sense for them to accept bitUSD as a payment and offer a discount of up to 40% for using it. That could seriously motivate customers to click the link next to the payment option "What is bitUSD" and get a few. Plus their payment would be privateConsumer side motivation to use crypto is what has been sorely lacking for bitcoin because a 2% discount on purchases is not enough of an incentive... but 20-40% might be. That is why bitcoin has had good penetration into the gambling industry. It does not depend on continuity payments.The porn industry jumped to mind but here is more complete list of high risk merchant industries.https://www.e-onlinedata.com/Merchant_Services/Internet_Merchant/authorize.net/Prohibited.aspxWhich ones have not had good penetration with bitcoin because they rely on continuity payments? Each one is a market that we can attack, with no competition from any other crypto.Of course we would not brand ourselves as "dancer dollars." But through some strategic relationship with this industry it could be a great "viral insertion point" as MethodX would say. A place to get bitUSD in lots of peoples hands. Once we do that, the rest is easy.Thoughts, brainstorming, industry knowledge and contacts are much appreciated.
The porn industry jumped to mind but here is more complete list of high risk merchant industries.https://www.e-onlinedata.com/Merchant_Services/Internet_Merchant/authorize.net/Prohibited.aspx
Ha!Bitshares Peep - See without being seen.
Recurring revenue would be a really big market for us. I'm interested in the technicals of this... recurring revenue uses a "pull" method whereas crypto, by its very nature, is "push". I wonder how this will be done without giving the merchant access to your private keys.