Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FedoraCoin (TiPS); New style, new services, same unique features
by
Fargusson
on 09/06/2014, 20:46:55 UTC
I heard you when you say that we made too much marketing. IMHO we make marketing because in the team, hercules1600 already made his great e-shop http://worldof.tips ! We are by now in need for new talents or more likely existing merchants to adopt FedoraCoin as a payment option. And to make them aware of our existence, well, needs marketing.

Glad to see a reply here, thanks!

I've bolded what I think is the crux of the matter, and where cryptocoins are largely failing.  Its great to see acknowledgement of that by one of the community managers for this coin!

Global b2c e-commerce (i.e. retail) is expected to hit $1.5 trillion this year (one source) , so tapping into that market in any way has to be a good thing, especially in developing economies in Asia-Pacific where the standard payments clearing/credit market is less saturated than in the European/American markets.

Providing the tools to help merchants integrate TiPS with their e-commerce sites would be a huge step, and something which,coupled with appropriate marketing, could see actual adoption of TiPS as a currency.  Even a couple of merchants with tiny turnover could make a real difference.. a single $100 purchase of fedora tips to pay for goods would be noticeable on cryptsy.  Finding out which e-commerce platforms are cheapest/easiest to target for extensions would be a good first step - I listed three good ones in my above post.

The concern I have about marketing is that general awareness in itself is not necessarily a positive thing.  One of the projects listed on myfedora.tips is "Advertise on Reddit", and the questions I find myself asking is "advertise what features? to which target customer segment?".  The content on the fedoraco.in is similarly lacking in positioning.

My impression is Fedora TiPS is being positioned not as a currency, but as a goodwill tipping tool used for forums/fun, which undermines any message of being taken seriously as a currency.  If Fedora TiPS gets a reputation as "funny forum tipping currency" it will be harder to convince that same audience to take it seriously and buy actual goods/services with it.

There is a nod to "mining" and "trading" as activities, but those don't create value or interest.. plenty of other coins are dying with those abilities.  The ones which are succeeding are the ones which have found a niche customer segment and are positioning themselves at it.. the current fashionable ones being "anonymous payments", "decentralised marketplace", and "secure contracts".  Pretty much every other coin is riding a wave of investors who don't know what they're looking for, and traders who're fleecing those investors for as much money as they can, i.e. an unsustainable market.

As an aside - you guys should be shouting from every available platform that coinjoin is already live with Fedoracoin - the latest news of delays from Darkcoin is an opportunity to gain mindshare in the anonymous space, which is a subset of the potential "serious commerce" userbase.

Anyway, enough about my thoughts, I'm just a bloke with a B Comp.Sci and an MBA who has opinions on stuff I read and think about in my spare time.  I tip my hat [sic] to those of you who're actually spending time building community and managing projects, and I've been willing to make a small acquisition (20m) of TiPS as a long-term bet.  I think this coin has a reasonable feature-set to meet the needs of actual global general commerce, more than any other large-numbered coin I've seen.

If I see more concrete positioning statements and plans, I'll buy a lot more, lock it up, and shout about the coin and its future!

And now I need to go investigate the old Fedora threads about coinjoin and figure out what's required to test it, whether there are any active nodes, and what it takes to set up a node.  From reading between the lines, the source code isn't available?

Thanks for your attention and time!

Orinoco Womble.




Some mixing nodes should be available IMHO. Not sure that enough people are using it to make the transaction go well though. The code isn't indeed opensource.

We are advertizing about the Coin mixer from time to time, and it has the special place it deserves on http://fedoraco.in
Regardless, I just made a tweet and a Google+ post about it, just as a reminder Wink

Regarding the e-shop you suggested, I will try to contact them within a week if anyone else on the team didn't get in touch with them already. We also make regular posts about w/FedoraCoin on the social networks though.

Anyway thanks a lot for your feedback and ideas, it's always much appreciated!
I'll try to reconsider a bit the BTC post in order to make better advertizing about the coin mixer and w/FedoraCoin.

EDIT: Here it is! Slightly rewrited.