I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world. Tell me, how many times have you used Dash and ETH in your daily life recently?
Exactly. There's lots of hype about why a coin is getting all the market cap, but the fact is, unless the general public starts regularly using that coin for something, then it's just a speculators playground for now.
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far. If you want to actually use your favorite coin at a store, then people need to get off ass and go show BlockPay to that merchant. It's as easy as that. Just install it on a tablet, and show the merchant that with BlockPay, they can accept one or more digital currencies at zero cost. It's another path to profits. wtf
Dash is doing a great job and their community is starting to talk about BlockPay as well. What about the Ethereum and Bitcoin communities? No, they seem to have that arrogant "we will be the one chain to rule them all mentality". That ego will be their demise, I assure you.
If you want real adoption of your chain, then you should really take a look at BlockPay imo. Man, I am integrating BlockPay with everything now.. Card swipe machines, vending machines, various cash register systems, TV's, even IoT devices.
Pump-n-dumps might be fun for speculators, but the real world needs ways to use your coin.
BlockPay. Stealth. C-IPFS/meshnet. Echo.
@kenCode you are doing an amazing job. So do not take what I am about to say in the wrong way. Personally I know a lot of people who own hotels, bar restaurants, other shops that will and want to accept crypto in Greece. Obviously I will show them blockpay but I am hesitant at this time to do so because this is not yet final. Once stealth is in place, tested, everything works perfectly and there will be no need for further updates I can assure you that you will suddenly start see lots of transactions coming from Greece..I do not want to show them a product and a month later they will need to download and update a new version and then another and then another..I will show them the final product that will dazzle them.. When presenting a product like that to a very large hotel with bar - restaurant with 1,000nds daily transactions you only get one chance. If they see something that they don't like, there is a bug or anything else..that's it..you have lost them forever..You get one chance only. So keep doing what you do, do not lose faith and you will see the rewards of your work eventually..
Maybe something we all can do is to get a group of crypto-enthusiast together in our local areas, contact that establishment beforehand and tell them that your 10 to 15+ people will only reserve if they except crypto currency and use blockpay... it will most likely have to be a locally owned store.
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Fantastic Idea!
You could take it a step further, and have the crypto-enthusiast/investors voluntarily collaborate to provide a fund of bitUSD that is used to give a discount to average-jo's who demand that their local restaurant use BlockPay and accept bitUSD.
Example:BitShareholders A, B ,C...Z discover that they would each donate a small sum of bitUSD if it would benefit the BTS ecosystem. The value of their remaining bitshares could/(or not) increase by more than the philanthropic act costs them.
They each decide that they are happy to provide $10 each.
With their $50, they decide they would like to ensure that at least 3 new business will accept BlockPay as a result of their $50 investment.
That is $16.60 per guaranteed-signup. These are example figures.
$16.60 could provide a 20% discount on an $83 tab. Lets say that's a meal for 5.
Who spends a lot of time on the internet researching ways to save money and feed a family?
Mums.
You hit up mumsnet and mothering forums and tell them that you are willing to pay for 20% of the bill for them to take their family out to dinner.
The 20% of the bill will be paid in bitUSD directly to the restaurant. The mum doesn't need to handle bitUSD. They can if they want, but we shouldn't require it, as it could come off scammy.
Mum goes to the restaurant/bar/boutique shop/local healthfood store with a flyer/newsletter that describes how the merchant can download, install and integrate. These must be locally owned small businesses, with the owner-operator on hand to listen and understand the situation. Hopefully setting up BlockPay can be done in under 5mins. How much of the owners time is worth an extra 5-seat booking?
Ideally the mum could explain the deal to the merchant, and how they can still receive bankfiat, as quickly as possible. Can the merchant install and accept bitUSD right away? Will the mum need to go there the day before the meal to leave enough time for setup?
The business owners do not need to care about bitUSD, or understand it.
They understand that installing this app and linking it to their bank account means they get extra business or an extra fat tip.
This is about laying the groundwork for bitUSD acceptance in as many places as possible.
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In its most basic form this relies on the crypto-investors being awake and available at the same time that the mum pays for her meal.
Feasible but not ideal.
The crypto-investors could instead set up some kind of smartcoin or UIA that performs the function of paying out the $16.60 to new-merchants only.
Could blockpay issue some kind of unique identifier that only brand-new accounts display? I'm wondering if there is a way that a new-merchant could prove that they have indeed installed BlockPay for the first time. But prove it to a Smartcoin algorithm that determines when to pay out the $16.60.
Is this possible in any way?
Topic: Bitshares price discussion (Read 1235124 times)
