BitShares Forum
Main => General Discussion => Topic started by: clayop on January 14, 2015, 09:21:45 pm
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This is just a rough brainstorming...
From merchant side
1. Merchants can easily add "Pay with bitUSD" button in their websites or blogs.
2. They can easily collect shipping information pertinent to each order (probably combined with mailing function? Memo is too short to implement this)
From customer side
1. Customers can easily convert their local currencies into bitUSD through gateway/exchanges.
2. They even don't have to install Bitshares wallet. Instead, they can use bitUSD on web wallet.
(For 1 and 2, Coinbase is a good example. It allows people to buy BTC and to use on web-based wallet or mobile wallet)
3. Their purchase can be protected by escrow service
4. They can get confirmation email and shipping notice (via mail service?)
ADD: 5. They can figure out the reputation of sellers
My imagination is that everyone can sell and purchase goods and services on their blogs and simple websites with bitUSD instead of big online shopping mall. They don't have to pay a high fee to ebay or amazon, hence this benefits both consumers and sellers.
Please provide any thoughts of yours on this.
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I think we should focus primarily on using bitshares as a decentralized exchange, and BitUSD as a safe haven to put crypto money into during a downtrend. Short term we need to optimize the full node, get BTC/BitUSD liquidity on centralized exchanges, and get GATEBTC and BitBTC/BitUSD liquidity going. Then we should get an awesome banner ad on CMC and get weekly asset tipping threads on /r/bitshares.
When there's a working bitcoin to BitBTC gateway we should put a lot of resources into making an awesome 3 minute video showing how to use the gateway, and then trade bitBTC/BitUSD on the decentralized exchange with relative orders.
Medium term we need to get the light wallet and mobile wallet to support the trading engine too. The sooner we can get that the better, because the blockchain download is going to give us a major disadvantage compared to centralized exchanges.
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I think we should focus primarily on using bitshares as a decentralized exchange, and BitUSD as a safe haven to put crypto money into during a downtrend. Short term we need to optimize the full node, get BTC/BitUSD liquidity on centralized exchanges, and get GATEBTC and BitBTC/BitUSD liquidity going. Then we should get an awesome banner ad on CMC and get weekly asset tipping threads on /r/bitshares.
When there's a working bitcoin to BitBTC gateway we should put a lot of resources into making an awesome 3 minute video showing how to use the gateway, and then trade bitBTC/BitUSD on the decentralized exchange with relative orders.
Medium term we need to get the light wallet and mobile wallet to support the trading engine too. The sooner we can get that the better, because the blockchain download is going to give us a major disadvantage compared to centralized exchanges.
Rune, this is a very practical vision, thank you.
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I think we should focus primarily on using bitshares as a decentralized exchange, and BitUSD as a safe haven to put crypto money into during a downtrend. Short term we need to optimize the full node, get BTC/BitUSD liquidity on centralized exchanges, and get GATEBTC and BitBTC/BitUSD liquidity going. Then we should get an awesome banner ad on CMC and get weekly asset tipping threads on /r/bitshares.
When there's a working bitcoin to BitBTC gateway we should put a lot of resources into making an awesome 3 minute video showing how to use the gateway, and then trade bitBTC/BitUSD on the decentralized exchange with relative orders.
Medium term we need to get the light wallet and mobile wallet to support the trading engine too. The sooner we can get that the better, because the blockchain download is going to give us a major disadvantage compared to centralized exchanges.
I don't think we should care about BTC. Let's separate them. Rather, connection between bitUSD and fiat should be paid attention.
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I don't think we should care about BTC. Let's separate them. Rather, connection between bitUSD and fiat should be paid attention.
I disagree. Once gateways are setup, Bitcoiners will open the client and see BTC IOUs available just like the ones that they are familiar with, but that they currently think of as "deposits". Along side those IOUs they will see the option to trade those IOUs for BitBTC. Once they see these two options conveniently available in the same trading interface, they will start to make comparisons between the two, and this will be the catalyst for the masses to figure out: "Yeah actually I think 300% collateral tied up on a blockchain is better than an IOU with counterparty risk. These BitBTC are even better than the real thing."
Thats how I envision our mass adoption happening.
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I've had too much beer but I suspect what will happen is that third party options will appear that make it possible to pay with [insert your flavour of crypto-currency here]. The reason I expect that is it would be trivial to implement some ~debit card that is either credited with money from crypto ahead of time, or a more savvy company managing the flow of different flavours at one time.. perhaps leveraging flex with something that is a BitShares DEX. I think to promote bitUSD, focus on it's primary capability.. holding the value of the dollar as digital tokens.
What is needed for big uptake, is a Government to say that such a digital token that is pegged to a currency, is appropriate and ok for businesses to accept. Any Government looking to draw wealth into the economy, should welcome the opportunity for drawing value from and digital token, having those spent locally.
I don't know what opportunities there are to engage legislators across the globe. I've done what I can for the UK call for information. Hopeful good sense will prevail over lobbyists for existing third party authorities, who might be cynical about the threat to their existing power and wealth.. perhaps this year we'll see which countries are welcome to crypto-finance... just need to be ready to adopt their currency as #1 and prompt that hard, so BitShares bit-[insert your flavour of crypto-fiat here] is the default option.
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I'm working on an iOS game, later android where you will get tips in BitGold and BitSilver, but I need something like Blockchain.info but for BitGold and BitSilver so users can create their own bitshares wallets to spend or do what they like with the assets.
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I think we will have something like that in q1. Did you see that BitUSD/SILVER cart? It is a demo selling the BitShares book.
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I think we will have something like that in q1. Did you see that BitUSD/SILVER cart? It is a demo selling the BitShares book.
Yes it is awesome. But if I can import the cart into my blog and I can directly sell the book, it would be great.
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Please give me your input on this Mobile Wallet Coming soon page.
Let me know if it is ready to go.
http://bit.ly/BitUSD-Wallet
PS: People will be able to use their affiliate ?r= on this funnel and the email will be available in the future for anything related to BitUSD project.
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Please give me your input on this Mobile Wallet Coming soon page.
Let me know if it is ready to go.
http://bit.ly/BitUSD-Wallet
PS: People will be able to use their affiliate ?r= on this funnel and the email will be available in the future for anything related to BitUSD project.
28 days seems like an awful long time to capture someone's interest. What about another action step someone can take now? ie. "Find out more about bitUSD here <link>
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Please give me your input on this Mobile Wallet Coming soon page.
Let me know if it is ready to go.
http://bit.ly/BitUSD-Wallet
PS: People will be able to use their affiliate ?r= on this funnel and the email will be available in the future for anything related to BitUSD project.
I found the background of that page extremely annoying. It jerked between different images instead of running smoothly, and made my computer run slow. I can't imagine it working well on a mobile device either.
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Thanks Ander, its the kind of feedback I need.
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Please give me your input on this Mobile Wallet Coming soon page.
Let me know if it is ready to go.
http://bit.ly/BitUSD-Wallet
PS: People will be able to use their affiliate ?r= on this funnel and the email will be available in the future for anything related to BitUSD project.
28 days seems like an awful long time to capture someone's interest. What about another action step someone can take now? ie. "Find out more about bitUSD here <link>
I have seen up to 90 days and it is also a good pretex for them to actually leave their email.
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In the follow up email I will propose them to get their copy of BitShares101 and by doing so, getting connected to BitSharesTV.
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using the ecmmerce plugins you dont need to specifically have pay bitusd banners but pay with bitshares instead as you can pay with any
bitasset equiv of fiat currency and aslong as you accept the plugin you accets bitasset as a form of oayment 1:1 with the fiat value.
Why are ppl focusing on bitusd? we have this plugin that makes it analogous to whatever currency they checkout with including btc
Ie if you checkout with usd you AUTOMATICALLY pay via bitusd and pay for the order in usd... pretty simple and powerful. This means you dont have to spend resources and time changing websites to accept bitusd when you already accept usd which is enough for the plugins to do its thing
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using the ecmmerce plugins you dont need to specifically have pay bitusd banners but pay with bitshares instead as you can pay with any
bitasset equiv of fiat currency and aslong as you accept the plugin you accets bitasset as a form of oayment 1:1 with the fiat value.
Why are ppl focusing on bitusd? we have this plugin that makes it analogous to whatever currency they checkout with including btc
Ie if you checkout with usd you AUTOMATICALLY pay via bitusd and pay for the order in usd... pretty simple and powerful. This means you dont have to spend resources and time changing websites to accept bitusd when you already accept usd which is enough for the plugins to do its thing
Your work is amazing! Can I easily implement your solution to my blog? Ie input some information, such as receicer account name, amount, customers name, email, etc., and attach HTML code on a website.
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28 days seems like an awful long time to capture someone's interest. What about another action step someone can take now? ie. "Find out more about bitUSD here <link>
Actually you gave a good idea. I wouldn't put a link on the capture page...it defeats the purpose. But I can use it in the follow up emails.
Also, my first split test will be about with and without the counter to see which one converts best.
Does anyone know who own bitusd.com ? Can we start a blog/website centered around it?
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Please give me your input on this Mobile Wallet Coming soon page.
Let me know if it is ready to go.
http://bit.ly/BitUSD-Wallet
PS: People will be able to use their affiliate ?r= on this funnel and the email will be available in the future for anything related to BitUSD project.
This page looks so good man..
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Did you get to the thank you page?
If we can get a good Leads to Shares, we can get a good chunks of free viral traffic.
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using the ecmmerce plugins you dont need to specifically have pay bitusd banners but pay with bitshares instead as you can pay with any
bitasset equiv of fiat currency and aslong as you accept the plugin you accets bitasset as a form of oayment 1:1 with the fiat value.
Why are ppl focusing on bitusd? we have this plugin that makes it analogous to whatever currency they checkout with including btc
Ie if you checkout with usd you AUTOMATICALLY pay via bitusd and pay for the order in usd... pretty simple and powerful. This means you dont have to spend resources and time changing websites to accept bitusd when you already accept usd which is enough for the plugins to do its thing
Your work is amazing! Can I easily implement your solution to my blog? Ie input some information, such as receicer account name, amount, customers name, email, etc., and attach HTML code on a website.
Thats the idea! I refactored so all you need to do is fill out a few functions in userfunctions.php regarding:
1) get all open orders (for the cron job)
2) get an order based on id
a) use this function to fill out a is complete function which checks status is complete
b) does order exist function which checks that the order status is open or pending (for new open orders)
3) change order status to paid or cancelled
thats it.. when you load bitshares checkout it will check if order exists and get the amount to fill in amount field.. it also checks if order is already paid(complete)
Then when the system notices you paid it will call the function to change the statis to paid or if you click cancel it will call the same function to cancel order