I have two questions :
-Would it be technically possible to implement Bitcoin on the Checkcoin infrastructure?
-Would you be able to set "private checkpoints" ? Say I wanted to set a checkpoint only for a specific person or mobile phone, can you either password/encrypt the checkpoint or only share the checkpoint specifically to that person instead of publicly?
I see a lot of potential, especially for commercial purposes. Stores could reward you for coming to them, it's like a direct reward advertising system. In this day and age brick and mortar stores suffer revenue loss because people shop online. So a way of attracting customers to visit could be very valuable. Build a mobile app that converts Checkcoin to fiat and you have a winner, you could impose a minimum time for the checkcoins to be paid out, as to "force" customers to browse your store (or link checkcoins to a specific product etc) Also build a minimum interval between checkcoin payments, so that you won't get people loitering your store for days on end.
If this is well executed it will be a linking pin between cryptocurrency, advertising and true real world applications.
Have you guys been advertising outside the cryptocurrency realm? This project looks like it could attract some venture capital
This basically could cause a "million dollar homepage" like hype if it's done right. (for anyone unfamiliar with the million dollar homepage see:
http://en.wikipedia.org/wiki/The_Million_Dollar_Homepage )
Best of luck to you sirs
First of all, we would like to thank you for your imput. I think you have a very clear image of what Checkcoin will be all about.
This is exactly how we came up with project Checkcoin. BitSend (our company) focusses on bringing cryptocurrency to the people. By setting up bitcoin ATM's in citycenters we have created several "bitcoin zones" in the Netherlands. After this is done, we focus on helping businesses to accept Bitcoin using different hardware and software solutions.
A lot of business owners are expeting alot of new customers after they started accepting Bitcoin. Unfortunatly, in most cases this does not happen because there is no real reason as to why customers should start using it as a method of payment. Why pay with cryptocurrency if you can just pay with FIAT?
We then started thinking about different ways to attract new customers to shops and introducing cryptocurrency to the people. Checkcoin will do exactly that. Store owners can set up checkpoints in their stores and reward new visitors with checkcoins on their first visit, or offer a discount when paying with Checkcoin. As for company's in the Netherlands, we will help the first store owners set up, it will just work.