Thank you.
at this point, where do network transaction fees go? though it may be minimal, if volume were to be created, the transaction fees would build which could help fund the rewards program? I wish I could flow chart this right now.....
edit: if you created a viable rewards program, consumers would be clamoring for vendors to use your platform, which of course would do 2 things:
1. force current providers to implement rewards programs
2. force vendors to use your platform because that is what the consumers want.
Not so sure there are enough transaction fees to really support much just yet. The dev would have to comment on that one.
Let's say we implement a rewards program such as credit card companies use -- discover portal, or something like ebates. That tends to be a 1-10% discount on purchases, sometime 20% off.
If there was a 15% markup in the marketplace, and let's say a 10% discount... yeah, it could work. But I'm not sure if anyone would shop at a marketplace that had a 15% markup. Most of the things crypto people tend to buy are giftcards and such, so markups don't work so well there.
I'm also not so sure there are enough consumers here in crypto land to force vendors to do anything really. Noble currently offers a 10% discount on all giftcards, including amazon, newegg, and others. And I believe they plan to go back to their 18% off after they change the coin over to POS. I'm not sure if any new rewards program here can beat those prices.
There has to be something that will bring Cryptos to the forefront. "Our coin, and 86 others have anon" isn't going to do it. "We have encrypted messaging" Fuck yeah....... but honestly, so do a lot of other coins. Not only that - BOTH of those features will only fit into a niche market, and nothing more - congrats on being accepted (your and your 86 counterparts) by less than 1% of the worlds population.
To be the best, you have to act like the best. There need not be a comparison. "Our anon is better than theirs" - prove it. honestly..... who cares. If you are talking about real world adaption, anon and messaging won't matter.
What does matter to the average joe is the lack of usability in the Bitcoin protocol/wallets. Right now, they get out their wallet, pay by cash or credit card, and it is done. no need to back up your wallet.dat file. no need to encrypt your wallet. and if someone maliciously charges against your credit card, a little dispute will get your money back.
So lets focus - not just as GPC - but as a crypto community as a whole. Make a coin easy, useable, and secure - enough so my 83 yr old Grandmother is comfortable with it - and you have a winner. Make it so it does not have to be transacted on an insecure device that is NOT meant for securing currency. (PC,MAC,Android,etc all fit here)
MAKE IT COMFORTABLE
Once this has begun, real world adaption will grow exponentially.
My ThoughtsThe wallet: (as we know it - pc based)
exe install file that will prompt for encryption and backup upon initial install.
regular backups can be scheduled on install or later via wallet options.
UPDATE alert. your wallet should either autoupdate or notify you that your wallet is out of date.
no .conf files. not .bat files. SIMPLICITY is where we should aim.
beers gone. I'm out.
stay tuned. more thoughts to come.