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Messages - Sonny Jim

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If we have that attitude why would people who have jobs paying in fiat ever care about BitUSD or Bitcoin? They'll only care when the job they have pays in BitUSD or the new job they get is offering to pay in BitUSD. At that point they will investigate what BitUSD is and discover Bitshares. That is free marketing to anyone looking for work and also if we are getting paid in BitUSD then we show we trust the system enough ourselves.

 +5% I agree with this. We have to start somewhere and this would be a great starting place!

We are planning on converting all remaining AGS funds to BitUSD and paying salaries from the BitUSD with the goal to scale the burn rate so the interest earned on the BitUSD is able to sustain the development team for BTSX.    We are also moving to pay everyone on the team in BitUSD.   

Those of us on the team are willing to accept it a par value for prior salaries.

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Things are going well on the marketing campaign.  We are getting further on funnel and page development.  We are close to making a good deal for offramp on the funnel, so we have onramp - funnel, offramp.

We will be targeting people that are in lateral markets for the time being, while working on mainstreet funnel for 2015.  Our goal is to not go after everyone right now, but to expand past crypto fans right now.  To go after crypto only is like hitting on our sister or cousin.  You might bag em, but you really run out of options fast.  Like the analogy?  It is an incestuous circle, as I mentioned to people while in Las Vegas this week.  Going after crypto only right now only gets us so far...it's like playing in a public swimming pool, that is located next to a lake...located next to an ocean.  We wanna hit the lake...the people in the pool will find us regardless...and the ocean is the next stop.

This sound great!

This is called - changing the rules of the game.
I hope you are well prepared, this will cause lot of buzz..

Sounds like a reasonable plan.  +5%

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As long as there is barely any volume in bitUSD I see no point in spending effort on getting volume in these other commodities.

Good point.  Lots of empty markets aren't better than a few (barely) active ones.

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I do not see a flow in your logic.
What is your point, though?
Guaranteed exit from any bitAsset at very very tiny discount below the peg, in reasonably short time period is very desirable feature.

Yes, it is, if true.  I'm not sure this benefit is obvious.  So much math and analysis  :-[

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BTSX+toolkit license states: "This is free and unencumbered software [..] anyone is free to copy, modify, publish, use, compile, sell, or distribute this software, either in source code form or as a compiled binary, for any purpose, commercial or non-commercial, and by any means."

BTSX is very open. Our competitive edge is marketing, so keeping it under wraps is understandable.

Good to hear.  Sounds like this is really what's needed at this point vs more technical features.

If what you're saying is that we should give the developers a vacation, I disagree  :D

No, just thinking of the focus.  I keep reading posts asking about marketing and how important it is at this point and concern about losing out to less technically sound solutions.


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Hey guys.   

Quick update.....I can assure you we are working around the clock on the marketing campaign.  Just like the many months Dan and the devs were working on BitSharesX - where it seemed like nothing at all was happening, this too isn't as easy (or as fast) as any of us would expect or want it to be.   

The marketing team has been spending nearly every day (and most of the event in Vegas) speaking with "on-ramp" service companies in order to find the best solution for getting USD into BTSX and bitUSD.  We are VERY close, btw, with one of them.  In addition, we are working on an "off-ramp" partner who can provide a bitUSD direct to a prepaid credit card to allow users to get out of bitUSD without needing a normal crypto exchange.  We were hoping to find one company to do both, but no one is able to do both at this time so we have two different sides to develop for this platform. 

On top of both of those partnerships, we're looking for "backup" service providers in the event either one cant handle the volume we intend to push.  We need to tie in the API's on the back end for a seamless experience, build a separate site, finish producing the multiple videos that explain what/how/why of BTSX and bitUSD, and so much more. 

This project is more involved than it may look from the outside, but I can assure you everything is moving forward.  Like Dan, I'm not going to put a specific date on when all this will be completed and the "go" button pushed, but it WILL happen. And when it does, it will be plainly obvious it is a DIRECT result of our efforts.

As for transparency, we are not sharing all the details of how or where we're going to get all the new users we expect to see into our system, or precisely what we are doing, for obvious reasons.  No one in the industry is doing what we are attempting to do - which is the very reason we will have the results no one else is having. 

The team I've assembled is nothing short of top notch and has knocked it out of the park in many other industries.  I have no doubt they'll do the same with us.  We expect a VERY significant increase in new users, as well as capital, into both BTSX and bitUSD, once launched, so our goal is real growth, not "pumping" the value artificially. 

I know many of you are anxious and wanting to see big returns on the of time, money and trust you've placed in BitShares.  I too want all of those things.  We will get there, I have no doubts.  Stay tuned.... The day we launch, I'll make the forum aware of it immediately so you can see exaclty what we've created and send your own friends and contacts through the site, to participate. 

Thanks! B

Good to hear.  Sounds like this is really what's needed at this point vs more technical features.

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