Hey Brian, you still haven't answered JforJoker's question about incentivizing the widespread adoption: are you just going to throw money you're going to raise at the shops so that they start accepting XDN or something? If it's just that, I don't think that you're going to last very long. Do you have ideas for a more smooth adoption?
That is a very good question. I’m not surprised you picked up on it, as it’s one of key parts of our plan, and I was thinking how to answer without giving away details of the whole implementation. The success of this strategy is built upon three key aspects:
1. Selecting operators likely to adopt cryptocurrencies.
2. Incentivizing selected operators to integrate DarkNote into their payment systems.
3. Integrating DarkNote into operators’ payment systems.
A fundamental part of the above plan and the one drawing the most attention is of course the second one – incentivizing operators. The most common criticisms I receive regarding this plan are related to the difficulty Bitcoin is experiencing integrating into the classic economy. In response to this skepticism I usually give an example of auto manufacturing, mobile phones or, in fact, the Internet – the most disruptive new technologies that changed the world, but which were initially met with skepticism and mistrust. It took them a while to truly pick up speed, and it was not the first products in the sector which achieved highest penetration, but rather the most adaptive ones.
I believe XDN could be the one to adapt most effectively in the post-Bitcoin era.
To answer your questions:
1. We selected a number of sectors which are interested or which may potentially be interested in integrating popular crytocurrencies. These businesses include casinos, online cinemas, exchanges, micropayment platforms and others.
2. We will generate a favorable image of XDN through advertising and media presence, supported by thought-leaders we aim to attract with the help of a marketing communications agency, selected via open tender controlled by the XDN Foundation.
3. We will work on increasing the price of XDN with wide-reaching media coverage and gaining the trust of the community and wider audiences.
4. After the media is saturated with XDN newsmakers, we will approach selected organizations to integrate XDN into their payment systems.
I still have some surprises up my sleeve which should make this strategy even more effective, but their potential will suffer if I disclose them publicly at this stage, so, please, be patient.