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General Discussion / Re: How much is a new user worth?
« on: October 05, 2014, 01:44:20 am »The strategy in general is old hat. It will mostly attract frugal people trying to penny pinch. These kind of give-aways were unique 10 years ago when PayPal did it... not so much anymore. I see this as basically airdropping BitUSD on a strategically poor demographic. There are WAY better places to seed BitUSD. Example: Airdrop BitUSD on the OpenBazaar community (after integrating BitUSD into their code). This way it'll be spent within a community that will genuinely benefit from a non-volatile crypto and it has a good potential of spreading to other markets after OB success. We get to piggyback on OB publicity, real demand is created for BitUSD, important eyes are on OB, the PEG is enforced through increased volume, etc, etc etc. See this post.I have to differ from you here. OB will naturally want to use bitUSD for one reason and thats profit. As soon as a mechrant or buyer gets burned by the falling price of whatever their payment option of choice is they are going to look to stability and they will have bitUSD. Nothing is worse then a merchant counting his profit only to see a market flash crash or a buyer who jumps over the hurdles of turning fiat digital only to find that his purchase is 50$ but he chose to buy (fill in btc or any alt) and whoops I only now have 48$.
Aaack! My apologies. I accidentally hit "modify" not "quote" and messed up this post.
Context is preserved in subsequent posts.
Stan
I think you are 100% on point that we should be all over OB but I don't think we need to give and or really market to them because they are going to want that stability.
Actually their will be one thing we need to provide and thats depth if we can give them a bank card to go with it great but at the very least we need a 100k(higher the better) buy wall at .96 cents or higher(closer to 1:1 the better) and they will come all on their on.
I was asked a question when talking to a friend(no crypto back round) if he would use a system that gave him a bank card and some free money and he didn't care about titan,bitUSD, or any of the really cool features all he wanted to know is
How much do I have to deposit to open the account and how much do I get?
Where is the card accepted like visa, mastercard etc?
Will it work at atm's?
I think the average consumer isn't going to care and really are going to just want to know the above. Most people just want things to work and thats it......
With the current bleed down in BTC this would be a very opportune time for I3 to do some marketing to OB devs and OB supporters.
Imagine if OB was running on BTC and merchant holdings dropped 50% over a few months? Wow.
This is a simple as:
1. Talk to OB devs
2. Push code
3. News release