Quote from: jamespastagueule on May 30, 2019, 08:55:52 PM

How to grow a Bitcoin SV marketplace

The low transaction costs of Bitcoin SV (BSV) are paying dividends for a startup called FiveBucks. Its a digital marketplace that connects service providers round the world with customers. The starting price for a job is just US$5, paid in BSV.

The entrepreneur behind it is Getar Hoti, who started the business last year and has already attracted almost 500 people offering their serviceseverything from I will create a powerful logo for your business to I will record a professional British voiceover or I will talk to you in Italian on Skype for 15 minutes.

Thanks to the use of BSV, no money goes to payment processors. FiveBucks only charges 10% for connecting the freelancers with customers, not the 20% that most freelance platforms charge, according to Getar, and long term, with whats happening on BSV, we plan to decrease this more and more.

Since the arrival of BSV after the hard fork from Bitcoin Cash last year, We have been doing great, because in BSV you have this stable ecosystem, stable protocol, a strong market.

Although the service provider may only get paid the starting price of $4.50 (after FiveBucks has taken its 10% or $0.50 from the initial $5), added services can soon bump up the final fee. Getar says he saw a tweet recently from someone whod earned $105 on a job.

By allowing jobs to start from $5, we allow these freelancers to make money until a big business comes to buy from thembecause they cant just wait for one big job every three months, he says. In the meantime they can do a lot of small jobs for smaller businesses which have simpler requirements, lower expectations and generate some cash flow. Its important to think of $5 as a starting point.

Getar has experimented with some other digital startup businesses and is a big supporter of BSV, because it does things that no other cryptocurrency doesand the immense opportunity here is that nobody sees this yet.

The biggest opportunity will be to move to on chain transactions, allowing serverless data storage. That means you can save a lot of money for you and your customers Businesses will love this. For the moment, businesses have been sucked into these dead ends like BTC, BCH and others. When they wake up, a lot of entrepreneurial activity on BSV will follow, Getar predicts.

Hear the full interview with Getar Hoti on this weeks CoinGeek Conversations podcast: https://www.buzzsprout.com/241544/1183538-how-to-grow-a-bitcoin-sv-marketplace or https://youtu.be/XEfte4APyKo

Source: https://twitter.com/CalvinAyre/status/1134197213666729984

It's accurate, it's a very clean analysis, the opening up of "enterprise markets" is a fundamental key, but the approaches must be plural and unilateral. As long as there is no regulation, the big players will play against the grain, in the background.