Thanks for pointing me to that audio file. I like to keep this to the facts. Saying that bitUSD and NuBits are not competitors is based on a couple of observations from the BitShares team during that interview which we do not necessarily agree on. Besides the NuNet is still under development and changes are underway as we recognise that there are some flaws and risks in the model which need improvements. The how and when is still to be determined though.
I think a discussion about the advantages and disadvantages of both could benefit the NuNet and possibly bitUSD. I agree that some level of moderation might be required to keep the emotions at home and discuss based on facts. Just ignoring any discussion is not healthy in my opinion.
Conclusion is that I still like to see a thread exploring design and economical differences as @tomjoad is proposing.
I am still working on that bounty custodial. I figured that before funds we need an adequate infrastructure . Then I am actually looking at 4of5 multisig grant for managing the fund when the time comes, with multiple shareholders handling them.
Including a step where, more than a directory, we build merchant tools.
I must insist about current, existing users in need.
On this point we could probably going on for long. While I agree that some exceptional cases exists, (customers doesn’t even know they would need an iPhone prior to its release,) in the great majority of cases, successful ventures starts from exploiting what is a urgent need of a few visionaries. If the vision of visionaries was right, 5 years later everybody will become their user.
Its not about asking to people what they needs are (“faster horses” - Ford ), but having the right intuition about it before someone else does. In the innovators dilemma definition of disruptive innovation, angry birds doesn’t fit . Roxio had to release several failure-gamess before angry birds started making more money than Nokia.
However, in the case of NuBits, there is no need to find hidden or dormant needs, at least before we experimented all the non-hidden needs! I agree that we might not even know what we are looking at, and maybe somewhere in the pockets of the world a group of people that will particularly benefits from NBT exists. But before digging that deep, I would first try to exploit existing needs, aka, any application of a stable crypto currency to todays need.
Members of the nu network should prepare for potential questions, concerns, and arguments that will inevitably arise from marketing NuBits. I recommend compiling a list of the strongest forms of each argument, and then attempting to argue against them. There will be technical concerns (such as proof of stake vs proof of work, theoretical vulnerabilities) as well as philosophical concerns (such as fairness of distribution, pegging to USD). We could create threads to discuss each major issue.
If we can successfully convince others to join the nu network, we'll have more aggregate wealth to fund beneficial projects. Nu shareholders can fund the creation of NuBit based services in order to encourage adoption. It would be useful to rank potential services and projects in terms of cost effectiveness (creation cost relative to projected value). Ultimately we want NuBits to be easy to buy and convenient to use.
Strategic NuBit tipping could be an excellent, cost effective marketing technique. Having NuBits circulating around popular websites could yield tremendous returns. The nu network could fund trusted community members who are well suited to promote and defend NuBits. Ideal recipients, locations, and amounts for tips could be established. If successful, less trusted members could be hired by the nu network to spread tips according to certain guidelines. Autonomous programs could track performance, and attempt to verify that tips are legitimate. The nu network could also host AMAs where $X in NuBits are rewarded to the best comments.
If the nu network is ultimately successful, it could fund the creation of decentralized markets, banks, games, social networks, wage and remittance services. It could hire lobbyists in order to influence monetary policy and create a favorable regulatory environment.
As btc/usd is falling, it is a very good time to promote nubits as a stable currency, as a safe haven, and as a speculation tool. With good liquidity.
Can we run a banner at bitcoinwisdom and reddit saying something like “Quit worrying about falling coin prices. Buy Nubits.” (ok. If you think that is not funny or impressive, put your one liner here. )
There is a very little knowledge about crypto-currency in the Arabic societies (Almost none) , i wonder would it be better to ignore the matter at all and just marketing NuBits as a sole innovation with its own advantages?
Or should i work on marketing NuBits to the small Arabic BitCoin traders and fan until there is enough infrastructure for NuBits to perform as an alternative banking system?
Or should i do all the work of marketing the crypto-currencies form the ground up and raising the awareness of the whole ecosystem?
@tomjoad, what do you think, and should i copy the official NuBits account tweets in this case?
Edit: the first retweet, Arabic innovation lab, i couldn’t miss the chance
Good questions you ask, no simple answer, but I would say, tailor your message on the groups you want to communicate with or your target in marketing speak.
The general public you would need to educate from the ground up, the Bitcoin community only needs to understand the volatility they suffering from and why they are not a great currency (but possibly a reasonable commodity).
Technical people and traders would usually be more interested to hear about the opportunities NuBits provide.
I think it is hard to single out one group and only focus on them, taking opportunities as they eventuate as you did with your tweet is not a bad way to start with.
Our marketing strategy should be targeted towards early adopters of cryptocurrencies right now, including Bitcoin. That may be a very limited group in certain parts of the world, but they will still be much more receptive to us than a mass audience. @Cybnate summarizes those points well.
I would certainly encourage duplicating tweets from our official account. I’m pretty careful about what goes on there, so there shouldn’t be any concern about something offensive being inadvertently tweeted. I appreciate that you’re willing to engage an audience that most of our community is unable to due to language and cultural barriers.
Thanks, looking forward to stage 2. I’ve some studying to do, but, I’m so looking forward to learning more about Nu and how it can work. Once I do this I can be more active in the community…
I have 3 votes with all my nushares, just let me know when and were I need to direct them in order to help with Stage 2…
Random thought of the moment: Bitcoin has the famous “Pizza bought for 10k BTC” to point back to as a moment of super early adoption. Any thought of leveraging that idea as “First pizza bought for 9.99 NBT (in native NuBits)”? It’s less about the quantity of currency exchanged, but the quantity of transactions. Perhaps we can look back at when there was only 1 pizza bought per month or something.
I know the marketing campaign is focused on a cup of coffee, so this perhaps could confuse the message.
I am wondering about how we are currently positioned compared to this roadmap
It seems that “Grassroots Business Development” should have started in April this year but this is subsequent to the success of NuDroid.
So one question is how NuDroid is performing in terms of adoption?
Also, does this roadmap need to be modified? (cc @tomjoad )
I would like to have an input on the current actual roadmap because it was originally laid out 9 months ago and Nu being a startup…we know that the plan would have to be adjusted heavily.
Some activities have been pushed back because of budget restraints, like
We haven’t reached any of the stage completion milestones yet. We still have nine months until the projected timeline end (Q1 2016) which is approximately how long our network has been operational so far. It’s possible those stage completion milestones are too ambitious given the current environment, in which case I’m open to re-defining them. In my opinion it would be better to reconsider them later in the year at the end of 2015 once we have a better idea of Nu’s growth. B&C Exchange will have a significant positive impact on the visibility of the Nu network.
