Ninjastic
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Board Announcements (Altcoins)
Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace
by
cr197
on 25/03/2017, 23:40:54 UTC
Quote from: Munti on March 25, 2017, 11:17:25 PM
Quote from: boldandbratsche on March 25, 2017, 11:09:06 PM
Quote from: Munti on March 25, 2017, 09:59:07 PM

Ok, so we found a problem with the latest download. It was put toghether quickly to patch something, but broke something else. There is no virus, but wairt for David to make a new build, because you are not likely to get this to run.
Will announce here when it's done

Sounds good.  In the meantime, I have a ton of ideas about marketing.

I talked about some on Reddit, but the overview is that in order to get people to start using it there needs to be a small target market.  For that market, BitBay trades need to be as easy as the current trades, but offer something more.  I know several markets that operate exclusively on bitcoin/western union sales.  The problem is there is no protection for the buyer, and it's very easy for the sellers to scam.  We can pitch BitBay to these markets as an option for safe bitcoin sales for buyers.  Little do they know that they're actually stimulating the Bay economy and growing the popularity.  Soon, they'll bring it to other markets, and it'll grow further. 


Things that will aid in the adoption of BitBay by these markets:

1. Making it as easy to use BitBay from Bitcoin as possible.  The fewer steps needed, the more likely people are to use it.

2. Convincing buyers about how this works.  Some simple graphics that can be used to explain why BitBay is better than Bitcoin in a pitch to the target market will be super helpful.

3. Possibly having a 'BitBay Lite' download that would be impossible to mess up for the target market.  Like no unnecessary features, and so intuitive that an 8th grader could use it with ease.  This would be exclusively for contracts where one person is paying with coins and one person sends a good outside of the BitBay client.

4. Having the 'BitBay Lite' have preset values that favor the buyer compared to the current system.  I can get into the details if you want, but people would like it most if the buyer's reserve was ~0.5x the contract value, and the seller's reserve was ~1.5x the contract value.



This is just an idea to get people to start using it on a pretty small scale.  It would be very minimal, very targeted marketing.  However, I can guarantee it is SIGNIFICANTLY more effective than more generalized marketing, long term.  This concept is a home-run and a half, but if grassroots groups don't start using it you can be sure it won't gain any widespread traction.  The same thing happened with Bitcoin.  It took very small circles using it for it to gain any popularity. 

Let me know what you think.

I think you are on to something Smiley
Adding a lite build may be a problem though because it's scope creep. We have more than enough scope creep as is. But maybe we could solve it with good instructions/graphics/videos instead that target that specific use case.


Yeah that's the beauty of this. If people want an easy button we could utilize a website with bitbay running under the hood. Sure it would be running on servers and centralized, but for those that don't care, it's definitely worth the effort to give it to them.
But yeah that's still down the road. Once core build is complete, marketing and tech funding should make it easy to integrate such a system.