sample of some of the conversations I had to help illustrate just how well we were received:
A merchant buying and selling digital gaming assets (think of world of warcraft assets) is suffering from fraud and wants to offer digital currencies but customers want instant credit-card-like experience, so he was really intrigued by InstantX. He wants to offer a discount to customers paying with Dash®, which will eliminate fraud losses and credit card fees. He has over 100,000 customers and 20,000 active monthly. He wanted to know if we would partner to offer a discount (something Bitcoin can't do) for a customer's first transaction using Dash. Very interesting way to gain consumer adoption with a group of customers already familiar with the concept of a digital asset (but maybe not digital currency). I thought it sounded really interesting way for Dash® to access consumer market.
An aviation fuel merchant who wanted to accept Bitcoin, but couldn't figure out how... he either had to force his customers to wait 10 minutes for a block confirmation to get some assurance the payment will go through, or he had to be willing to dispense $8,000 worth of aviation fuel to fill a plane relying on a 0-conf transation and feared he would be targeted for fraud. InstantX again was very intriguing for him.
A retail payments consultant that works with retailers to implement PoS solutions. Wanted to understand how we could lower merchant risks at the PoS in physical stores
Those sound like things that would require friendly regulation and licensing as a money service business. Who will pay the army of lawyers and lobbyists needed for such an act of Deep Capture?
Good luck getting Dash
® approved for that stuff in New York, the one place where it absolutely must be accepted.
Dash
® should never have abandoned the
original vision of Darkcoin, which was in line with Justus R's '
only System D matters' analytical razor.
Every single person who has been beating the drums of regulation, compliance, and conformity is proposing that we change Bitcoins fundamental value proposition in order to cater to a segment of the economy that is predicted to shrink from less than 1/2 of the global workforce to less than 1/3 over the next six years, while simultaneously shunning the only segment of the economy which is growing.
They might as well be advising us to buy our tickets for the Titanic or hitch a ride on the Challenger. Follow their advice if you want Bitcoin to fail and take you with it.
For everyone else who wants Bitcoin to succeed, this facts suggest an easy way to evaluate every innovation in the general cryptocurrency space. Every time a new startup launches, or a new software project announces, ask one question: Does this new thing improve the black market?
If the answer to this question is no, then the thing is
useless.
Harsh? Not really. In any other context would you even ask the question, If we have a choice of focusing on two customer bases, one which is project to grow by 50% over the next six years while the other is projected to shrink by 33%, which one should we choose?
So bring on the money laundering, tax evasion, drug marketplace, and unregulated taxi service software. Anyone who isnt actively working to expand and empower the informal economy is wasting their time.
https://bitcoinism.liberty.me/only-the-black-market-matters/Therefore, all the Dash
® bagholder blue sky daydreams about replacing WOW Gold
® and Visa
® are
useless.
