This open source company type thing is going to be new, so there's lots of discussion to be had on what directions can be taken and such. Payment processing is definitely going to be a factor at some point with GetMarked so there will be opportunity for money to be made. Even if someone else creates a 3rd party company that decides to process USD to GetMarked Marks they can corner that market early. A Bitmark BitPay is something too that will have demand, and if GetMarked is the first thing that people associate with Bitmark then having these types of infrastructure systems(where a lot of the profit comes from in Bitcoin for example) connected with GetMarked in one way or the other is going to be the easiest way for people to use Bitmark as a currency.
So basically what I'm saying is there should be a lot of money to be made on of something like this, either directly or indirectly. Once people start understanding that the Marks are actually real money things will get interesting. There is lots of questions and lots of discussion still to be had but there is a lot more opportunity here than just holding Bitmarks and having the value increase. Think of how much money has gone into Bitcoin companies this year alone from VCs, last number I heard was $250 million. The investors think that there's more money to be made selling gold picks in a gold rush. Infrastructure is key.
Instead of focusing on getting people who use Bitcoin to use Bitmark something like this goes directly to a wider audience and gets people using crypto without even necessarily realising it at first. But eventually when they can pay for their Nexflix subscription or something with Marks they got from their blog it might click that Marks are money.
I understand that. And I agree. I've just prefered the crowdfunding was made on a proper platform, outside this thread, with visibility outside the community, with all the details, goals, timmings about the development process, aswell the funders rewards or prizes stated so everybody could understand what we're aiming and when should we expect to have the basic system ready to enter production stage. Like any other crowdfunding project, I mean
Yeah, we should definitely hammer out some details. Mark already seems to have what he needs to do for the first stage of the technical part down in his head. We'll discuss this more in the thread here and also in IRC where we can post transcripts here as well.
For anyone interested who hasn't seen it yet: http://webchat.freenode.net/?channels=bitmark
It's late now where I am though so I'll be back tomorrow.
So basically what I'm saying is there should be a lot of money to be made on of something like this, either directly or indirectly. Once people start understanding that the Marks are actually real money things will get interesting. There is lots of questions and lots of discussion still to be had but there is a lot more opportunity here than just holding Bitmarks and having the value increase. Think of how much money has gone into Bitcoin companies this year alone from VCs, last number I heard was $250 million. The investors think that there's more money to be made selling gold picks in a gold rush. Infrastructure is key.
Instead of focusing on getting people who use Bitcoin to use Bitmark something like this goes directly to a wider audience and gets people using crypto without even necessarily realising it at first. But eventually when they can pay for their Nexflix subscription or something with Marks they got from their blog it might click that Marks are money.
I understand that. And I agree. I've just prefered the crowdfunding was made on a proper platform, outside this thread, with visibility outside the community, with all the details, goals, timmings about the development process, aswell the funders rewards or prizes stated so everybody could understand what we're aiming and when should we expect to have the basic system ready to enter production stage. Like any other crowdfunding project, I mean
Yeah, we should definitely hammer out some details. Mark already seems to have what he needs to do for the first stage of the technical part down in his head. We'll discuss this more in the thread here and also in IRC where we can post transcripts here as well.
For anyone interested who hasn't seen it yet: http://webchat.freenode.net/?channels=bitmark
It's late now where I am though so I'll be back tomorrow.