BitShares Forum

Main => General Discussion => Topic started by: speedy on October 25, 2014, 10:24:10 pm

Title: When are we going to see an "on-ramp" from fiat
Post by: speedy on October 25, 2014, 10:24:10 pm
We have had hints about on-ramps from fiat to BitUSD for a while, is there actually a service actively in development? We are pretty much in the dark on this.

Or are we waiting to see what the escrow transaction type is going to look like first?
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: yellowecho on October 25, 2014, 11:04:00 pm
Everything is being lined up behind the scenes and will launch when the new client is ready.  Doing so prematurely would be devastating for the future of BTS.. the product must be ready.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: luckybit on October 25, 2014, 11:13:45 pm
We have had hints about on-ramps from fiat to BitUSD for a while, is there actually a service actively in development? We are pretty much in the dark on this.

Or are we waiting to see what the escrow transaction type is going to look like first?


A better idea is why not have on-ramps where wealthy benefactors can give gifts to the community as a whole?

A gift economy allows you to receive everything from USD to information. In a gift economy the on-ramp would be in the form of gift cards. A gift card exchange could be built into Bitshares X itself.

We need an on-ramp which allows any entity to gift value to Bitshares in a way where every shareholder benefits. It does not have to be USD -> BitUSD. It could be giftcard <-> BitUSD.

I think it might be a good idea to approach Gyft for Bitshares X integration as a mutually beneficial partnership.
Title: Re: When are we going to see an &quot;on-ramp&quot; from fiat
Post by: Pheonike on October 25, 2014, 11:24:04 pm
If the yield is good as we hope it will be then an endowment could work.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Rune on October 26, 2014, 12:42:09 am
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: feedthemcake on October 26, 2014, 12:45:08 am
I would think that the announcement won't come until it's finalized. No point in hyping up a community that would love the hype and be devastated if it falls through.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: stuartcharles on October 26, 2014, 07:05:40 am
I would think that the announcement won't come until it's finalized. No point in hyping up a community that would love the hype and be devastated if it falls through.
we have already been hyped. I agree no announcement until something is finalized.

 
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Mysto on October 26, 2014, 09:53:51 am
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.

Well there could be MANY reasons to keep stakeholders in the dark that include but are not limited to...

To be fair we aren't "completely in the dark". They did tell us about it and how it might work.

I'm pretty sure the on/off ramps are tied into the marketing push. So it wouldn't make sense to do one with out the other. It would be the equivalent of doing a marketing pushed with the current beta wallet.
Title: Re: When are we going to see an &quot;on-ramp&quot; from fiat
Post by: xeroc on October 26, 2014, 10:01:38 am
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.

Well there could be MANY reasons to keep stakeholders in the dark that include but are not limited to...
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

To be fair we aren't "completely in the dark". They did tell us about it and how it might work.

I'm pretty sure the on/off ramps are tied into the marketing push. So it wouldn't make sense to do one with out the other. It would be the equivalent of doing a marketing pushed with the current beta wallet.
+5%
Title: Re: When are we going to see an &quot;on-ramp&quot; from fiat
Post by: liondani on October 26, 2014, 10:27:42 am
bonus, rewards, miles, gift, share drops... Bitshares!

Sent from my ALCATEL ONE TOUCH 997D

Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Gentso1 on October 26, 2014, 11:39:39 am
end of November is when the magic should happen.....
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: speedy on October 26, 2014, 11:55:29 am
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

I dont want to sound negative but if there is a good reason for not being more open on this, I wish  someone from i3 would at least confirm what it is.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Stan on October 26, 2014, 12:33:17 pm
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

I dont want to sound negative but if there is a good reason for not being more open on this, I wish  someone from i3 would at least confirm what it is.

All of the above.  :)
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: speedy on October 26, 2014, 12:37:51 pm
Thanks Stan. I should probably be buying more.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: nomoreheroes7 on October 26, 2014, 01:13:43 pm
I should probably be buying more.

Lol hopefully this will be the understatement of the century in a few years' time...
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Rune on October 26, 2014, 02:56:57 pm
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

I dont want to sound negative but if there is a good reason for not being more open on this, I wish  someone from i3 would at least confirm what it is.

All of the above.  :)

What's your personal take on the rough chance, in percentages, that the deal will come through and on time for the marketing push? It would make me feel so much better to know this. I'm not even mad if it doesn't come through on time, I just don't want the markets to have these uncertain expectations, and then suddenly see a huge drop if they're let down at the last minute.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Overthetop on October 26, 2014, 05:34:03 pm
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.

Well there could be MANY reasons to keep stakeholders in the dark that include but are not limited to...
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

To be fair we aren't "completely in the dark". They did tell us about it and how it might work.

I'm pretty sure the on/off ramps are tied into the marketing push. So it wouldn't make sense to do one with out the other. It would be the equivalent of doing a marketing pushed with the current beta wallet.

Patience is needed here... :)
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Gentso1 on October 26, 2014, 05:44:14 pm
I, too, wish some details could be released regarding the on/off ramps. What will they be, are the partners already on board, will it be done in time for the marketing push for sure? I don't understand the need to keep stakeholders (i.e. owners) completely in the dark.

Well there could be MANY reasons to keep stakeholders in the dark that include but are not limited to...
  • Partners want the deal to be keep secret until it is finalized
  • This is something that could be copied by competitors

To be fair we aren't "completely in the dark". They did tell us about it and how it might work.

I'm pretty sure the on/off ramps are tied into the marketing push. So it wouldn't make sense to do one with out the other. It would be the equivalent of doing a marketing pushed with the current beta wallet.

Patience is needed here... :)

Guys listen to the last 3 mumble sessions. I am by far not the most intelligent person here. The devs have said probably as much as they are legally allowed to say at this point for a time frame.

We are far from being completely in the dark. Listen to the mumbles and time frame's are mentioned after that its just a matter of faith in the team.
Title: Re: When are we going to see an "on-ramp" from fiat
Post by: Ander on October 26, 2014, 06:39:57 pm
I should probably be buying more.

Lol hopefully this will be the understatement of the century in a few years' time...


Yes. :)

I should have bought bitcoin in 2012 when I first heard of it. 

Didn't make that mistake with Bitshares, I bought absolutely all I could and still sleep at night. :)    (And then even more when we went down to 2 cents recently).