Invite like-minded people to jointly promote a great ideal

[qzl9199]

15 years ago, I was facing graduation from college and needed to submit a paper. Although I was a student majoring in finance, I saw the online shopping platform that had not yet become a trend. I found a company in Beijing called "e-country 1 hour". It claims that as long as you live in the urban area of ​​Beijing, as long as you place an order on its platform, even if it is just a bottle of Coca-Cola, it can still be delivered to you within 1 hour.

After studying its business logic and current situation, I asserted that it was about to go bankrupt. Yes, it went bankrupt soon. But it had a profound impact on me.

From its rise and fall, I found that the core point of the online shopping platform is to have a strong logistics system. This logistics system can ensure the life cycle of completing orders while still allowing merchants to make profits.

Since then, I have become more and more interested in online shopping platforms. From Taobao, Amazon, eBay, JD.com, to today's TEMU, giants are fighting fiercely in this market. Now, online shopping is the jewel in the crown of business, and everyone is eager to get it.

Pinduoduo and its subsidiary TEMU have launched a subversive revolution against the old giants in recent years. In the past, merchants needed to pay high fees to the platform to ensure their exposure on the platform and obtain valuable traffic. These costs were eventually transferred to the consumer side. However, Pinduoduo innovated the business logic: it obtained a huge amount of "deterministic orders" from the seller side, forcing merchants to compete with each other - whoever has a lower price can get these orders.

As a result, the cost of consumers has been greatly reduced, and merchants have obtained stable and deterministic orders. They do not need to worry about inventory and are only responsible for production.

But the problem follows: the products born under such logic are useless from brand to quality. Why is Pinduoduo still successful?

The answer still lies in consumers - these consumers are at the bottom of society, their number is so large, their Engel coefficient is so high, their income is meager, but they still yearn for a better life.

Nobel Prize winner and Indian economist Banerjee wrote a famous research book "The Nature of Poverty", which contains counterintuitive statistics: in many families who are so poor that they can't even afford to eat, after finally earning some money, they will choose to buy entertainment products such as game consoles.

The reason is somewhat similar to the theory of pacifiers: day-to-day poverty will gradually dispel a person's expectation that the future will be better, so they would rather not spend money to verify the change - such as learning a skill - and satisfying the desire to live in the present is the most important, so even if they live in areas with high incidence of malaria, between only being able to buy a mosquito net and a box of potato chips, most of the experimental subjects will choose the latter without hesitation.

The world is still poor. From the perspective of the long tail theory, they are the real market.

Now, if there is a shopping platform based on blockchain, these poor consumers buy goods on this platform at low prices, and they will receive block rewards for every purchase and the amount of purchase. And this shopping platform implements the Pinduoduo model, and the goods provided by the platform will be unbranded and guaranteed to be of the lowest quality. Therefore, these consumers can not only get the guarantee of quality of life, but also get extra subsidies from their shopping behavior.

They can even abandon their own junk currency and rely on the stable currency issued in the blockchain to ensure that they will not be affected by inflation.

They can try to learn DEFI and open up additional income channels for themselves. They can learn to pledge and make their own contributions to the security of the system. The most important point is that they can hold the money in their own hands and avoid being exploited by the strong.

Blockchain should not be a game for technical hackers and big capitalists to make money, nor should it be a castle in the air limited to the cyber world. The essence of blockchain technology is to save people in the real world from the exploitation of centralized power - whether it is political centralization or financial centralization.

This is a grand dream, but I know that I can't do it all by myself. I hope someone is willing to discuss this with me, or even willing to act with me.

[Vod]

If you are looking for a currency on a blockchain, we have one called bitcoin.   Ethereum also has advanced smart contracts.

What are you looking to invent?

[yhiaali3]

I think this was Satoshi's dream too when he invented Bitcoin, but look where we are now. Nothing that Satoshi dreamed of has come true in reality.

Whales control Bitcoin, and decentralization is gradually moving towards centralization, whether through the control of whales and large companies or through government pressure to control the entire field through strict regulations.

I appreciate your dreams, but these are all utopian ideas that crash on the shore of reality. All the inventions that were initially directed towards poor, simple people were taken away from their path and seized by a few groups.

[Filippo Spina]

I think this was Satoshi's dream too when he invented Bitcoin, but look where we are now. Nothing that Satoshi dreamed of has come true in reality.

Whales control Bitcoin, and decentralization is gradually moving towards centralization, whether through the control of whales and large companies or through government pressure to control the entire field through strict regulations.

I appreciate your dreams, but these are all utopian ideas that crash on the shore of reality. All the inventions that were initially directed towards poor, simple people were taken away from their path and seized by a few groups.

You have every right to feel the way you do. It all does seem hopeless, and if satoshi is still watching, then he would not be pleased at all.

I promise you, brother. There is a bright future ahead. Just keep swimming, ok? 

<3

[coin-investor]

If you are looking for a currency on a blockchain, we have one called bitcoin.   Ethereum also has advanced smart contracts.

What are you looking to invent?

That's true so many people are trying to reinvent the wheel when the wheel is still ok and is still rolling, without giving a jab to OP, so many scammers are like that, creating a plan that will make the lives of the people better through blockchain when Bitcoin is the best option for every kind of concept related to blockchain.

Bitcoin is enough for everything related to blockchain, OP why not work on Bitcoin's ecosystem or the use of Ethereum's smart contract for wider adoption instead of creating a new one?
Just because Bitcoin's code is open source does not mean you will create your own, sell it to people and make a profit, that's not part of Satoshi's vision.

[Filippo Spina]

If you are looking for a currency on a blockchain, we have one called bitcoin.   Ethereum also has advanced smart contracts.

What are you looking to invent?

That's true so many people are trying to reinvent the wheel when the wheel is still ok and is still rolling, without giving a jab to OP, so many scammers are like that, creating a plan that will make the lives of the people better through blockchain when Bitcoin is the best option for every kind of concept related to blockchain.

This. This so much. The wheel is still ok and is still rolling.

Again, no strike at the OP.

[memehunter]

This is an interesting proposal for a new blockchain-based shopping platform. I agree that there are many problems with current online shopping platforms, and I like the idea of a platform that would use blockchain technology to offer lower prices and empower consumers. I think this could be a real benefit to the poor and marginalized.
However, I also see some of the challenges that others have mentioned. It is true that such a system would be very complex to develop and implement. And it is not clear how it would be able to compete with existing online retailers.
Overall, I think this is a proposal worth considering. But there are some significant hurdles that would need to be overcome before it could become a reality.

[robelneo]

This is an interesting proposal for a new blockchain-based shopping platform. I agree that there are many problems with current online shopping platforms, and I like the idea of a platform that would use blockchain technology to offer lower prices and empower consumers. I think this could be a real benefit to the poor and marginalized.
However, I also see some of the challenges that others have mentioned. It is true that such a system would be very complex to develop and implement. And it is not clear how it would be able to compete with existing online retailers.
Overall, I think this is a proposal worth considering. But there are some significant hurdles that would need to be overcome before it could become a reality.

I cannot remember those names but in the heydays of ICO so many developers proposed to create a similar concept but they needed funding before they could do that some did an ICO they funded and ran away with the money and some got funding and created a plan but they cannot update investors about the development of the project.

The risks of these concepts are funding and the capability of the developers if OP can show people that he is capable of creating and developing such concepts and he is ready to expose himself then he can go on to the next level.

The forum has so many people coming in vouching for a concept and part of it is asking for funds which the forum has seen enough

[memehunter]

This is an interesting proposal for a new blockchain-based shopping platform. I agree that there are many problems with current online shopping platforms, and I like the idea of a platform that would use blockchain technology to offer lower prices and empower consumers. I think this could be a real benefit to the poor and marginalized.
However, I also see some of the challenges that others have mentioned. It is true that such a system would be very complex to develop and implement. And it is not clear how it would be able to compete with existing online retailers.
Overall, I think this is a proposal worth considering. But there are some significant hurdles that would need to be overcome before it could become a reality.

I cannot remember those names but in the heydays of ICO so many developers proposed to create a similar concept but they needed funding before they could do that some did an ICO they funded and ran away with the money and some got funding and created a plan but they cannot update investors about the development of the project.

The risks of these concepts are funding and the capability of the developers if OP can show people that he is capable of creating and developing such concepts and he is ready to expose himself then he can go on to the next level.

The forum has so many people coming in vouching for a concept and part of it is asking for funds which the forum has seen enough

"Thanks for raising those concerns, they're definitely valid points. The ICO scams during the crypto boom left a bad taste in a lot of mouths, and it's important to build trust with any new project.

I agree that a public track record of development experience would be a major asset for any team proposing a complex project like this.  Without that, it's hard to convince people to invest time or money.

Perhaps there's a middle ground?  Maybe the OP could start by outlining a more detailed development roadmap, even if it's initially focused on smaller, achievable milestones. That way, they can begin demonstrating their capabilities and building a community around the project before needing full-scale funding.

There's a lot of great talent out there, but it's true that the forum has seen its fair share of empty promises.  If we can find ways to separate the genuine ideas from the hype, that benefits everyone."

[btc78]

So basically what you want is a blockchain-based shopping platform. Personally, I like your idea.

You are merging two of the biggest trends these days which are cryptocurrency and online shopping. In my country, everyone uses online shopping mainly because it is considered cheaper than going to physical stores. Not to mention the convenience it provides its customers.

However, even though this is a promising idea, there are always challenges. Like I said in my country there are already existing huge shopping platforms. To convince people to go from centralized platforms to a decentralized one would be a hard feat. If you want to have an audience, you would need to make them trust your project.

Scalability would also be an issue. Online shopping platforms experiences a lot of customers in all parts of the day. There are 2.64 Billion people in the world who use online shopping and it’s just going to keep increasing. Even if not all of that people turn to your project, you can still expect a large number of customers.

Bottomline, I think your idea has potential. But it will require a lot of planning in terms of technical, logistical and regulatory aspects.

[qwe81077]

How can I contact you? Or you can add my telegram account @lf10014

[Vod]

In my country, everyone uses online shopping mainly because it is considered cheaper than going to physical stores.

So you have no physical stores at all?   What country is this?