My motto is simple. Go Big or Go Home. With the talent we have in the bitcoin community we can build more innovative products than a mega corporation like google. It doesn't take ten million dollars. It just takes good ideas and solid execution. The road is wide open right now while we have no competition. Let's take it.
Exactly. Remittance is prominently mentioned on the site and in the updated presentation. The video will be remade when we get time and money. Bitcoin needs local bitcoin-to-cash dealers in Mexico, India, and the other places you mentioned. Its a perfect business for a local merchant of any kind. Get em started!
i didnt say go small. i consider finding a niche only a first step and expect exponential growth from there.
remmitance for example might turn out to be a profitable business, but i think wont ignite exponential growth for bitcoin as a whole. it totally doesnt fit your go big philosophy.
my approach would be to find ways to distribute bitcoins within an online community and offer services specific to that target group.
that way, you have people who are inclined to spend or keep their bitcoins, not directly trade it back to another currency. you can then expand on both sides, find more shops to cater to that group or get groups with similiar customer behavior on board. once you have a big enough community for shops to consider it an oppurtunity and enough shops for people to rather spend small amounts of bitcoins then to go through the hassle of trading them, its downhill from there. its like getting toads to australia. as soon as you get the first few toads in a fitting enviroment they spread like a plague. you however try to build a boat for every toad in the americas.
