The Cryptocurrency Business Challenge:
Accept only BitCoin and LiteCoin (and no other currencies) as payment for a new or existing business for six months
Do not raise your prices above the original price within the six months, prices CAN go down. (yes, you read that correctly!)
Continue doing business regardless of the exchange rate of BitCoin to USD
It sounds crazy to not raise prices, what if BitCoin goes WAY down against the dollar? But if you can find the right price point, and get clients and customers who are willing to pay BitCoin for your services, you could prove that BitCoin is here to stay.
My company has thought of this concept and I'm looking for feedback from the community. here's the full write up.
Is this a good idea? What would you change to make it more appealing to donators?
HiiCode Accepts USD, BitCoin and LiteCoin Challenge!
HiiCode plans to take The Cryptocurrency Business Challenge to accept ONLY BitCoin and LiteCoin in July 2013 through December 2013!
The Cryptocurrency Business Challenge:
Accept only BitCoin and LiteCoin (and no other currencies) as payment for a new or existing business for six months
Do not raise your prices above the original prices within the six months, prices can go down. (yes, you read that correctly!)
Continue doing business regardless of the exchange rate of BitCoin to USD
Who Can Take the Challenge?
Anyone can do this, from a small team of app developers like HiiCode, to a large corporation (it would be much harder for them, but they will have to do it one day, so someone needs to set the precedent!)
Each company or individual who wants to accept this challenge would set a minimum donation goal and bounty to start (100 BTC is HiiCode's minimum donation, but we have chosen no minimum bounty)
Donating to the Cause for HiiCode: 1FW3ok6aE49QuaNVEYQRUxwgv7aYipW9Z5
If you are willing to put your faith in us by donating even a small amount of BitCoin or LiteCoin to our cause, your donations will hopefully be used to enlighten others and prove that BitCoin and LiteCoin are the future.
Contingency on Donations to the Cause; 100 BTC minimum total donations
Without at least 100 BTC of total donations from the community, HiiCode cannot afford to take any risk.
Then Why Should I Donate?
Those who donate in the beginning will get a share in the bounty for success by receiving, at the very least, the amount of their original donation.
For example, let's say you donate 10 BTC to our cause, 10% of the total amount of 100 BTC donated to the cause. You would receive 1% of the success bounty, or whatever you donation was, whichever is higher. If you donated 20 BTC to our case and the total amount donated was 100 BTC, you will still receive 2% of the success bounty. If you are the only donor, you receive 10% of the success bounty or your total donation, whichever is higher.
Donating to The Bounty for Success
Community members are also encouraged to donate to the cause, as well as the bounty for success. If this feat is achieved and can be verified, the entire sum of the bounty will be delivered to any business who accepts this challenge. Otherwise, your donation to the bounty will be refunded to you!
An escrow service is required for this bounty and the donations. The payment terms and the terms of compliance with the challenge are up for negotiation. If you're interested in funding the bounty or acting as an unbiased authority, contact us.
The Penalty of failure
We realize we are taking a huge risk; we will not be able to accept any FIAT currency during the six month period. We also realize that there is a great community of BitCoin believers with BitCoin ready to spend, who want to make the world a better place. We are betting big on BitCoin and then putting our money where our mouth is.
What does HiiCode do?
Streaming and encrypted content delivery
App lifecycle and multi-platform management
Secured database web applications and reporting
I Don't Want to Donate, but I need work done and am willing to pay BTC
Then you are our MVP! We need new clients to make this work!
Who are our ideal clients?
Niche businesses who provide a web-based service to customers through apps
Design agencies who need to provide complete solutions
Startups who need prototypes or beta apps
Our favorite tools:
HTML5/CSS3 powered by Bootstrap, UnderscoreJS, BackboneJS, and AngularJS
Titanium Appcelerator with Alloy for multi-platform mobile apps
Zend Framework with PHP / REST technology for solid, extensible web services
MongoDB, SOLR, and good old mySQL
CENTOS and Arch Linux
Ubuntu and OS X
Amazon AWS/EC2 cloud services
Topic: CryptoCurrency business challenge (Read 1154 times)
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