JerryBanfield
Member
Which cryptocurrency will be the first after Bitcoin to make a compelling reason to use it above all others? Ethereum, Litecoin, NEM, Dash, Ripple, and Monero all have a clear chance to by #1 out of all cryptocurrencies. The problem is none of them truly offers what Bitcoin does: a clear reason to use Bitcoin over any other. Will you watch this video to see what I think would give Dash a clear path to #1? If you would like me to make a budget proposal to get started, would you please ask me to do that here?
Prefer to read? Here are the basics of the idea!
While ETH, LTC, DASH, XRP, XMR, XLM, GNT, STEEM, REP, DOGE, MAID, STRAT, and most other digital currencies have features that are clearly superior to Bitcoin, none that I see so far has a clear reason for mass market adoption above Bitcoin because there is no unique way to consistently SPEND any of these other currencies in exchange for something valuable not available through another method. Fortunately just making one website could change all that! I will share here the exact idea which I also can execute with your help! If you would like me to offer to make what I share first for DASH, would you please voice your support here and in the Dash Budget proposal discussion forum at with recommendations for an exact budget such as 200 Dash a month for three months or 100 Dash a month to start with a 50 Dash increase monthly?
Here is what I believe would allow any cryptocurrency besides Bitcoin to take #1: An outstanding marketplace. What makes fiat currencies like USD valuable is what you can do with them. The US dollar is valuable because of the products and services you can buy with it. All newer cryptocurrencies I am aware of are missing one central location to actually get something meaningful. Bitcoin is the only exception because it is accepted as payment now on many websites and having Bitcoin makes it easy to buy altcoins. None of the altcoins are likely to win in the longterm simply by copying Bitcoin functionality. For example, the first person to walk on the moon we remember as Neil Armstrong. Do you remember the second man on the moon? Doubtful. How about the fifth? The same issue exists with Ethereum, Dash, Litecoin, New Economy Movement, and all the cryptocurrencies. Bitcoin being available on Coinbase was an amazing innovation from 0 to 1 which I was really excited about because for the first time I could exchange my USD for BTC. Ethereum, Litecoin, and whatever else is added is not nearly the giant leap that being able to get Bitcoin was.
To reach the top, one of these online currencies needs to have a place to spend it where it is the only currency accepted and to offer something not available anywhere else. With websites like Fiverr, Upwork, Craigslist, and millions more as an active marketplace, using any currency there is interchangeable. The trick is to make a service available nowhere else that users will be really excited to sign up to use and that will naturally attract clients to use it. For growth, what is offered there must be extremely valuable, available nowhere else, and easy to see the value of.
Offering live viewers to watch and interact on Facebook, YouTube, Twitch, and other live streaming video websites is a service that would be extremely valuable for advertisers and easy to provide for users. Today if you have a million dollars and want a lot of people to watch your video live, I am not aware of any way to transfer the money into the result. When you want to get paid to watch and comment on a live video, I am also not aware of any reliable way to do that. Existing websites like Fiverr and Upwork are not well prepared to handle this task because of the cost structures and scale. A cryptocurrency selected as the exclusive payment for this service would provide a compelling reason to get a wallet and buy into that currency because there would be no other way to get involved.
After reading this far, you might say "Sure that is a great idea but how would one actually launch this? How do you start with no users and no clients? Where do you show it working?" Fortunately I have answers to all that and am perfectly in position to demonstrate such a service. Any cryptocurrency like Dash which has budget proposals voted on by masternodes could easily provide the funding to build the website, pay the users to sign up, and pay the users again to do initial demonstrations. If your feedback here is positive, I will first submit this as a Dash budget proposal for 100+ Dash to get the domain, build the website, and start signing up initial users. If that fails, I am confident another cryptocurrency will see this and invite me to use theirs instead.
For success, the critical point is showing people it works on an actual live stream. Once this is done, users and clients will be drawn in consistently by users seeing others making money just watching videos and clients desiring their own live videos to be popular. I am making this proposal live on Facebook and YouTube to demonstrate my ability to go live. When I receive funding to grab the domain, start the website, and sign up the users, I am in a perfect position to demonstrate the capabilities. My plan is to take 40% of funding to pay users to sign up, 40% to pay users to watch and interact on my live videos, and the remaining 20% for the domain and website costs beginning with an ultra simple website which will continue to improve as more people use it and more funding is received. With say 40 Dash at around $4,000, I am confident I can get thousands of people to watch my live videos through the website which would provide proof of the concept to users and clients.
With repetition, the users and clients would continue to grow with the website earning money from a percentage of client projects posted. Clients would pay the website in the cryptocurrency which would be released to users upon project completion. To avoid theft and speed up payment times, payments would be transferred immediately from the website to money managers that would accept the payments on behalf of the website and send payments to users. As the community continued to grow, the cryptocurrency's value for the website would continue to rise as more users opened wallets and more clients put their advertising budgets in.
My vision for this is eventually a real time online work platform where the entire world's workforce would be available on demand in real time for any service. Would you like me to start building this with your cryptocurrency as the exclusive form of payment? Please share you feedback here to help guide me in the direction you think would be more helpful! Thank you for reading this and I hope you enjoyed this live video proposal!
If you would like me to make this as a budget proposal for Dash, would you please tell me that in a comment here?
Sincerely,
Jerry Banfield
https://jerrybanfield.com/
Prefer to read? Here are the basics of the idea!
While ETH, LTC, DASH, XRP, XMR, XLM, GNT, STEEM, REP, DOGE, MAID, STRAT, and most other digital currencies have features that are clearly superior to Bitcoin, none that I see so far has a clear reason for mass market adoption above Bitcoin because there is no unique way to consistently SPEND any of these other currencies in exchange for something valuable not available through another method. Fortunately just making one website could change all that! I will share here the exact idea which I also can execute with your help! If you would like me to offer to make what I share first for DASH, would you please voice your support here and in the Dash Budget proposal discussion forum at with recommendations for an exact budget such as 200 Dash a month for three months or 100 Dash a month to start with a 50 Dash increase monthly?
Here is what I believe would allow any cryptocurrency besides Bitcoin to take #1: An outstanding marketplace. What makes fiat currencies like USD valuable is what you can do with them. The US dollar is valuable because of the products and services you can buy with it. All newer cryptocurrencies I am aware of are missing one central location to actually get something meaningful. Bitcoin is the only exception because it is accepted as payment now on many websites and having Bitcoin makes it easy to buy altcoins. None of the altcoins are likely to win in the longterm simply by copying Bitcoin functionality. For example, the first person to walk on the moon we remember as Neil Armstrong. Do you remember the second man on the moon? Doubtful. How about the fifth? The same issue exists with Ethereum, Dash, Litecoin, New Economy Movement, and all the cryptocurrencies. Bitcoin being available on Coinbase was an amazing innovation from 0 to 1 which I was really excited about because for the first time I could exchange my USD for BTC. Ethereum, Litecoin, and whatever else is added is not nearly the giant leap that being able to get Bitcoin was.
To reach the top, one of these online currencies needs to have a place to spend it where it is the only currency accepted and to offer something not available anywhere else. With websites like Fiverr, Upwork, Craigslist, and millions more as an active marketplace, using any currency there is interchangeable. The trick is to make a service available nowhere else that users will be really excited to sign up to use and that will naturally attract clients to use it. For growth, what is offered there must be extremely valuable, available nowhere else, and easy to see the value of.
Offering live viewers to watch and interact on Facebook, YouTube, Twitch, and other live streaming video websites is a service that would be extremely valuable for advertisers and easy to provide for users. Today if you have a million dollars and want a lot of people to watch your video live, I am not aware of any way to transfer the money into the result. When you want to get paid to watch and comment on a live video, I am also not aware of any reliable way to do that. Existing websites like Fiverr and Upwork are not well prepared to handle this task because of the cost structures and scale. A cryptocurrency selected as the exclusive payment for this service would provide a compelling reason to get a wallet and buy into that currency because there would be no other way to get involved.
After reading this far, you might say "Sure that is a great idea but how would one actually launch this? How do you start with no users and no clients? Where do you show it working?" Fortunately I have answers to all that and am perfectly in position to demonstrate such a service. Any cryptocurrency like Dash which has budget proposals voted on by masternodes could easily provide the funding to build the website, pay the users to sign up, and pay the users again to do initial demonstrations. If your feedback here is positive, I will first submit this as a Dash budget proposal for 100+ Dash to get the domain, build the website, and start signing up initial users. If that fails, I am confident another cryptocurrency will see this and invite me to use theirs instead.
For success, the critical point is showing people it works on an actual live stream. Once this is done, users and clients will be drawn in consistently by users seeing others making money just watching videos and clients desiring their own live videos to be popular. I am making this proposal live on Facebook and YouTube to demonstrate my ability to go live. When I receive funding to grab the domain, start the website, and sign up the users, I am in a perfect position to demonstrate the capabilities. My plan is to take 40% of funding to pay users to sign up, 40% to pay users to watch and interact on my live videos, and the remaining 20% for the domain and website costs beginning with an ultra simple website which will continue to improve as more people use it and more funding is received. With say 40 Dash at around $4,000, I am confident I can get thousands of people to watch my live videos through the website which would provide proof of the concept to users and clients.
With repetition, the users and clients would continue to grow with the website earning money from a percentage of client projects posted. Clients would pay the website in the cryptocurrency which would be released to users upon project completion. To avoid theft and speed up payment times, payments would be transferred immediately from the website to money managers that would accept the payments on behalf of the website and send payments to users. As the community continued to grow, the cryptocurrency's value for the website would continue to rise as more users opened wallets and more clients put their advertising budgets in.
My vision for this is eventually a real time online work platform where the entire world's workforce would be available on demand in real time for any service. Would you like me to start building this with your cryptocurrency as the exclusive form of payment? Please share you feedback here to help guide me in the direction you think would be more helpful! Thank you for reading this and I hope you enjoyed this live video proposal!
If you would like me to make this as a budget proposal for Dash, would you please tell me that in a comment here?
Sincerely,
Jerry Banfield
https://jerrybanfield.com/
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