BitShares Forum

Main => General Discussion => Topic started by: gamey on October 29, 2014, 06:51:22 pm

Title: bitreserve.org
Post by: gamey on October 29, 2014, 06:51:22 pm

Someone brought https://bitreserve.org to my attention.

This is an exceptionally slick ad.  We could learn a lot from it.  We really really need to push bitUSD. 

So this leads me to the second point...  We need to piggyback on these guy's advertising.  Best case is they have an onramp that we don't, but longterm our approach is far superior. 

What do I mean by piggybacking on their advertising?  Find out where threads/reddit posts are started about this service.  Then we show up and inform everyone about the superior bitUSD and keeping crypto-currencies out of one central point of failure like bitreserve does.

LEVERAGE  8)

Title: Re: bitreserve.org
Post by: matt608 on October 29, 2014, 07:02:30 pm

Looks like competition http://blogs.wsj.com/moneybeat/2014/10/22/cnet-founder-readies-bitreserve-launch-in-bid-to-quell-bitcoin-volatility/

Title: Re: bitreserve.org
Post by: bytemaster on October 29, 2014, 07:06:33 pm

Not really a competitor... they are a bank that allows you to make "deposits" with bitcoin...

However, their marketing is based upon "values" and "why" and not purely utility... very good example which we could tweak for our own uses.

Title: Re: bitreserve.org
Post by: Shentist on October 29, 2014, 07:07:52 pm

Quote from: matt608 on October 29, 2014, 07:02:30 pm

Looks like competition http://blogs.wsj.com/moneybeat/2014/10/22/cnet-founder-readies-bitreserve-launch-in-bid-to-quell-bitcoin-volatility/

only by solving the volatile problem. the solution from us is unic and done without trust. In the future maybe the best point we have.

Title: Re: bitreserve.org
Post by: cusknee on October 29, 2014, 07:08:46 pm

Very impressive

Title: Re: bitreserve.org
Post by: Method-X on October 29, 2014, 07:15:12 pm

I think shareholders are getting VERY frustrated with the lack of BitUSD marketing initiative / transparency.

Title: Re: bitreserve.org
Post by: gamey on October 29, 2014, 07:41:14 pm

Quote from: bytemaster on October 29, 2014, 07:06:33 pm

Not really a competitor... they are a bank that allows you to make "deposits" with bitcoin...

However, their marketing is based upon "values" and "why" and not purely utility... very good example which we could tweak for our own uses.

It is a competitor to bitUSD in my opinion.  Not to BTS(X) as a whole, but definitely a competitor to bitUSD which is our strongest selling point. 

Although thinking about it too much I could take the other side, but to a lot of people they won't see a huge difference.  Digital currencies pegged to the dollar and readily transferable to BTC.  Thats bitUSD.