Most of us already known the benefits of the implement of the block chain in the financial system. Nevertheless , could you, at least, touch upon 3 more industries or systems that could be benefited for the use of blockchain?
land registry / real estate. corporate shares academic proof of student certification. |
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2011 was trading shares of bluechip companies. and some cheap penny shares.
started looking into other investments. even bonds and methods to buy bank debt contracts
started getting interested in how the banking system worked behind the scenes, how money creation happened and was so mind blown at the legalised scam of credit/debt.
after a few more searches came across bitcoin. read everything, the white paper, github code, and i was hooked. by spring 2012 i began trading it, and made nice profits off them early day volatility movements.
since then been more interested in the business side rather than day trading.
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course he aint serious..
the numbers 69, 420 are the punchline to his immature joke.
give it a while and his obvious teenage brain farts will come up with a 100mb limit..
"keepin it 100"
This was a serious proposal. You forgot to mention the first increase to tree fiddy on da first of da month. i guess im too old to keep up with all the immature trends you drug induced teens use |
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Some very interesting points made here so far. I wasn't expecting much of a response to be honest but I'm glad to be wrong. I do agree that at this stage, encouragement generally needs to be directed at businesses. I would say that supermarkets might be a great place to start with that, considering what franky1 said.
In terms of explaining it to people, I have a few ideas on that. One of them is to give people paper wallets with $5-$20 worth on them. Then sit with them and walk them through several processes like making a purchase with bitcoin and how to transfer btc between accounts. Also explaining to them how everything works as they themselves are actually doing it. People like to have their hand held through new experiences. This method also takes away the risk people would see with using their own money, at least to start with.
Another way to educate people is to sit down with them and walk them through ways of acquiring bitcoin. Starting with faucets, which may be obvious to many, but most likely not newcomers. Then move on to other possibilities such as local trading (with advice on security of course) or buying through sites. I have a few in mind but don't want to name them for multiple reasons.
My idea of pitching it big is basically the fact that I, or someone else, would personally sit down with a person and take them through the various processes. The hands-on aspect is what makes it work.
As a side note, I, or someone else, could also walk them through how to tip with bitcoin. A learning experience that benefits both parties. Not a necessary part, but a possibility.
just giving someone $5-$10.. thats too much. make it $1 so they can buy a pepsi at the 7eleven (once you sort out retailer adoption first). also think about how you can make it easy for noobs to start using bitcoin without hand holding them for an hour, step by step.. after all 99% of apple users dont need hand holding to set up applepay as for showing people how to earn it.. forget faucets.. thats like 5% of minimum wage.. plus telling the world about faucet giveaways actually ruins the perception of bitcoin. imagine it.. you want to advertise dollars to europeans.. so you throw out a few american pennies on the roadside you see someone pick one up and then you tell them every 10 minutes you will throw another penny down, hoping they come back.. most will just walk on by others will pick it up, but not suddenly want to buy $400, or hang around 24/7 to make $1 mainly because they cant use the $ bank notes in european supermarkets, so its not worth their time. instead look at all the businesses using bitcoin, everything from coinbase to overstock, etc.. look into the jobs those places are offering and get people real jobs earning bitcoin. along with helping new businesses accept bitcoin otherwise you are just spending an hour of your own time handing out $10, to someone that will ultimately feel its like facebook credits that can be used on limited things. |
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course he aint serious..
the numbers 69, 420 are the punchline to his immature joke.
give it a while and his obvious teenage brain farts will come up with a 100mb limit..
"keepin it 100"
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I`m not obsesses in grabbing new people, but you have to understand that nothing works better than systematic marketing.
How do you think apple or facebook got so many users? By sitting on their butts criticizing eachother? NO.
They worked hard to promote it, spend huge amounts of money, and then the herd effect did the rest.
Bitcoin needs a similar approach, or it doesnt need it, but it is recommended to have it. Therefore we could accelerate it's growth.
In case of bitcoin, end justifies the means in my opinion. And it doesnt matter how bitcoin becomes succesful, once it does.
but apple and facebook had a fully user friendly end-product. that people could understand and use, without worry or headache. bitcoin is still a prototype. its not perfect.. so if you really want to do PR. start with businesses right now... hold off on the random average joe for now.. and just get bitcoin more user friendly and useful then later, once you can see an easy path for: people to easily understand people to buy bitcoin people to work for bitcoin people to use bitcoin to buy real life stuff (meaning toilet paper not specialist / limited list of stuff) people can use it faster than 10 minutes (meaning its better then a 40 second debit card transaction) then and only then will it be ready to mass market to common average joe folk. until then, concentrate on the business, financial and technical industries |
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I've tried convincing many people to join btc but so far no one has taken me on.
the general view of average joe is that bitcoin is a 'buy and hold' asset. as you cant trust exchanges really, you cant buy baked beans with it.. thus only the business savvi people would be interested in it right now in its current form |
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Math and Bitcoin is like bread and butter, it has to go together... So this project, if properly funded... would go a long way. If I may ask.... how are you going to fund this project?
I think the developing countries needs this more than the wizz kids in the developed countries. How about you extending this to a math challenge for people from developing
countries too? It would make a massive difference... Do not give them fish, rather teach them how to fish... right?
the OP always is a bit vague about his projects.. its like he throws them at a wall like spaghetti to see which one sticks.. but seeing as it will be a website and anyone in the world can set up a bitcoin address for free.. there would be no limitations on which country uses it after all the prizes would be bitcoins not dollars.  |
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general public right now no..
and here is the reasons.
to advertise to 7 billion people will cost millions
the average person wants to be able to buy toilet roll, cigarettes, alcohol, baked beans, electric, gas, rent. all of which bitcoin is not ready for
the average person would get too confused. not sure where to buy it and then not sure who to trust to use it with or what to spend it on.
bitcoin is still at the innovation stage and as such there should only be campaigns directed at businesses.. not the public(yet).
bitcoin will only be 'average joe' ready when its truly easier to use than fiat and just as usable as fiat for daily life stuff.. which you'll see if you put the bitcoins utopian concept aside and think about the reality of real life bitcoin use..
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vetting businesses
business directory
job listings
sounds like a plan
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here is example questions and answers when talking to others
you: bitcoin is a new currency that works without banks and is super fast at making transactions
them: so i can buy a roll of toilet paper faster than debit card
you:: yes
them: so i can walk down to 7seven eleven right now and buy toilet roll with bitcoin
you: no... because you first need to convert it to a debit card at coinbase or xapo
them: oh.. so its bank money!! 7eleven receives from coinbase/xapo. making the transaction at 7eleven the same speed of debit card.. because it is a debit card
you: yes.
them: ok so bitcoin still needs banks to help everyday people use it..
them: so say i had $10 of bitcoin and i wanted to put it onto the debit card to then buy some toilet roll. how do it do this?
you: well you log into coinbase website. and swap it they then put $9.98 onto the debit card
them: ok ill ignore the 2cent loss, but im not confident using the internet is it simple to set up and transfer my life savings
you: well you need to go online and scan your personal documents and wait for them to set up a account with coinbase
them: so i have to trust a website that has no bank branches to visit. and to use it at the shop i need to convert it to a debit card.. like i get from a bank
them: so ok its not useful in shops, and not easy to set up use... so how can i benefit from it apart from what you already said?
you: well it's good for investing.
them: so if i put my life savings into bitcoin and got some third party company to manage it.. like retirement funds do, what guarantee's are there. what regulations are there
you: um. none. but its safer to just hold it privately, rather than day trade via third party services.
them: so its like holding gold under the bed waiting for the gold price to rise instead of day trading gold contracts.
you: yes
them: so the price is based the true value of bitcoins production of the 15million in circulation with a small bit of speculation like 10% based on supply and demand changes.
you: um no. only about 50,000 of them are traded each day and its based on the average of them being traded where speculation can be upto 400% at times
them: so your telling me i cant use it directly in many shops, its not safe to day trade.. so basically your telling me its more of an volatile asset to hold rather then usable currency
you: yes
them: so why didnt you just say it was an speculative volatile asset
so guys..
until it can be used to buy every day things. where confirmation times don't delay retailers direct acceptance or needing conversion to fiat to cope with capacity.
until there are secure and trusted services
until getting/converting/holding/using bitcoin is very layman friendly..
.. its not ready for mainstream.
and if you are going to mention it to people dont shout the uptopian dream. dont give the long conversation. just know the person you are talking to and use a real WORKING example that WILL benefit them. no speculating, no over promising, no vague info, no false info.. just tell them one thing that WILL improve their life.
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How is my method pump and dump when I addressed long term goals specifically.
The enviroment creates the organism, the organism adapts to the enviroment - Reality 101
If bitcoin is promoted well enough for people to get interested in it, then goods & services will quickly adapt to it for it to be useful.
you anaology is not how your OP (the PR centric) plan shows.. you say the environment creates an orgasm.. but your plan is not to create any thing.. all you want to do is advertise that the organism should multiply.. thats no way to ensure organisms survival, thats no way to even ensure constant and growing multiplication of organisms.. you are not addressing bitcoin as a functional and useful currency/tool.. you real obsessed purely in grabbing noobs.. so tell me what advantages are you going to spout out what promises are you going to give for these noobs.. you seem soo obsessed about PR yet you have not really told anyone the 'sale pitch' noobs will see that will solve everything. so again.. its far easier to solve the problems. then the sales pitch would hold more weight and require less of a push |
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Has anyone got any extra inspiration from my wisdoms?
your wisdom's just seem to be about getting noobs to buy in, and then find that they cant really spend it.. your wisdom's seem predominantly centered around pump and dump methodology rather than growing bitcoin infrastructure/economy. until your wisdoms expand beyond your mindset of pump and dumping coin prices. there will always be backlash that will tarnish any positive PR. so as i tried to point out before.. start on the bitcoin business, so people can sell products like toilet roll baked beans, coffee sandwiches and staff can earn a bitcoin wage. which will then get people to actually find that they dont need to convert to fiat to buy toilet paper.. then noobs will see bitcoin as something useful.. then your PR attempts wont be as hard. doing it the other way (your OP way).. is an endless cycle of people buying in, getting confused/lost and then running out.. over and over again.. |
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the only time you need to worry about someone winning the prize too often. is if the math is too simple.
so if you made sure the math is the near impossible to solve then universities would love to sponsor anyone who solves it.. after all they would see it as a nice cheap way of head hunting 'talent scouting' geniuses..
so if one kid solved 2 near impossible math problems.. i think he deserves both prizes as the odds of it happening are very remote.
so worry less on just making random easy to solve math problems as you will suddenly have thousands of people solving the same problem and then have the headache of choosing the ultimate winner out of a pool of thousands(causing alot of drama and discouragement for those that didnt win, even if they had the solution).. instead stick to near impossible math problems and then you'll have less of a headache and also be able to generate some nice sponsorship funds to use as a prize.
after all no university would pay anything for solving 1+1...
think more "good will hunting" rather than a 'spelling bee'.
you could however as a subsiduary/extra service. have more of a easier 'spelling bee' idea as a faucet esq service. offering 0.00000100 per solution. that way it keeps the math geeks busy playing on your website when bored and keeping the attention and repeat viewing going..
thus avoiding many people just looking at your site once and forgetting about it telling friends its not worth it due to complexity.
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Wow, see now that's awesome! Thanks for sharing! And yeah, it would be beneficial to not have a third party system that uses lets say visa. Hopefully more development will take place on this card. Any ETA on it's release date? its a gimick, its not solving anything. these days everyone has a phone and a phone app can easily sign a tx 'offline' and push a signed tx to the internet.. its not solving bitcoin congestion of mass adoption. plus also requiring multiple hubs eg 1 per town.. what financial benefit would anyone have to be a hub(full node)... did you even watch the video? there are no "hubs" or "full nodes" required. a business just adds the proxy tool to their internet router and you can connect this card to it and pay the bill. 2minutes 5 seconds: "and tiny hubs and businesses" by the way if the cards are to receive the tx data of the originating funds/get balance update. to be able to create a new signed tx.. they have to get the data from the "and tiny hubs and businesses" meaning these "and tiny hubs and businesses" will need to run a full node.. yes the gadget of the hub may be tiny... but that does not mean that full blockchain data wont be needed.. so next time watch a video more then once and then put the theory into practice to see what else would be needed and the reality of the situation. dont take anything on face value, always investigate research theorize, poke and prod the other part is that the video doesnt even talk about battery life or recharge times of a card. thus it proves the video is not telling the user everything.. apart from basic theory. even the mobile network, blutooth, wifi all talk about long range from 100metres to 3 mile yet anyone actually using it will know that signal strength is not guaranteed (we have all had signal drops)... and dont get me even started about the requirement of having another bitcoin user in range aswell... so with all that said about the limitations.. my point was less about the limitations and requirement of hubs/nodes/other card users.. but more so about that using these cards are no different then using a phone app.. whether its a phone that can sign a tx or a card or a trezor, or even a mathematical genius hand writing it.. the cards do not solve the blockchain bloat issue |
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i will never be tired of repeating this, but people should really consider spending bitcoin directly and stop exchanging with fiat, in a matter of second all those fiat releated problem will vanish
and you become really free to operate with your coins, like it was intended to be, there are already plenty of service that accept bitcoin directly with a discount also, why people are still there exchanging...besides trading which is different because afterward you buy bitcoin again
because average joe, new to fiat will want to get rid of their fiat somehow to then obtain bitcoin. so exchanging to fiat needs to still happen. also because some service operators (businesses) still need to pay suppliers/staff in fiat so exchanging to fiat needs to still happen |
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I would say it totally depends on the situation or what type of good your are purchasing.
Bitcoin payment is surely convenient but unlike debit card, all dont accept it. and even in future why would people take the pain of accepting bitcoins when they want is fiat only which can be done with debit card. people wont take the effort to accept bitcoin and convert it to fiat
Why not? Why do you think that it's a pain? If we will think it that way, we are ourselves devaluating the possibilities of Bitcoins being used worldwide, so talking anything else is far away from what we are talking currently. Stedsm: ignoring an issue wont help either, however.. read on.. aizzaku: imagine coinbase, they have a merchant tool that shops can use to show a qr code to customers.. bitcoins are accepted.. and.. then the solution for you.. is coinbase converts it to fiat automatically and 'tops-up' the merchants debit card which coinbase already offers. thus the merchant has the fiat they need |
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I think mobile payment will be in long run. Its had low fees and instant payment.
With bitcoin debit card there will be alot of thing to do. Need to pay high fees and to apply one need alot of personal detail.
whether its side chains, lightning, visa (fiat conversion) or visa's centralised altcoin... the future is going to be mobile devices.. even right now visa allows you to link your debit card to applepay so that you dont need to hold the plastic card in back pocket. mobile apps will be the future. but which corporation/community app will be used most is still to be decided. |
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