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why are we so obsessed about US , when crypto only works in developing countries

Discussion in 'General Discussion' started by Dashmaximalist, Dec 21, 2017.

  1. Dashmaximalist

    Dashmaximalist Active Member

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    it is absolutely beyond doubt that cryptocurrencies will not take off in United status which has the strongest currency in the world.

    Cryptocurrencies are primarily suitable for places where currencies are weak , failing states etc. places like venezuela and zimbabwe.

    it doesnt matter how many PR campaigns we launch in US , people will not use dash to pay for coffee , atleast not in the foreseeable future

    Thoughts ??
     
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  2. Dandy

    Dandy Member

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    The financial crisis of 2008. is the evidence to the contrary.
    A lot of people in the US distrust the banking system and stock exchanges and want to protect their money, too.
    It may be more interesting as a store of value than as a currency at the moment, but there is definitively a lot of interest.
     
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  3. Dashmaximalist

    Dashmaximalist Active Member

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    so are you saying people in US are more desperate to get into crypto than people in venezuela ?

    are you saying an American will pay for coffee in dash sooner than a zimbabwean ?

    do you know that people in zimbabwe are paying 100% premium to buy bitcoin because of currency controls.

    Do you know hotels in Argentina prefer bitcoin over credit cards because of the crazy exchange rate set by the govt.

    do you know that 1 usd fetches about 3000 bolivars on the black market in venezuela while its just 10 bolivars in the eyes of govt

    i personally think we should target our efforts on low hanging fruits , instead of spending millions on PR campaigns which will show results 10 years later, when we can bring real and immediate change in these failing economies.
     
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  4. Dandy

    Dandy Member

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    No, of course not.
    We should target anyone that would be interested in Dash.
    I don't see that we've discriminated against any market, as long as there are good proposals.
     
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  5. Dashmaximalist

    Dashmaximalist Active Member

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    we are probably not discriminated , but we are heavily attracted to US based themes and are more generous and trusting towards US based proposals.

    we should support potentially risky sounding proposals that target the developing countries because the infrastructure is not well built like in US, whether its supporting exchanges (https://www.dashcentral.org/p/gc-colibit) or bringing millions of users like in this proposal ( https://www.dashcentral.org/p/International-mass-marketing-using-sms )

    in the US we have luxury of having great exchanges like coinbase which give out $10 for sign up etc which is not the case in other countries
     
    #5 Dashmaximalist, Dec 21, 2017
    Last edited: Dec 21, 2017
  6. Isobel Chaura

    Isobel Chaura Member

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    I feel like the general public in both developed and developing countries will benefit from crypto currencies but yes with better understanding I do believe that those in developing countries will take to it more BECAUSE our currencies lack the stability of those in the developed world. If I could use a currency that was stable and the decisions of my government didn't affect it, I would.
     
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  7. Dashmaximalist

    Dashmaximalist Active Member

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    unfortunately most MNOs dont realise the importance of focusing more on developing countries
     
  8. Isobel Chaura

    Isobel Chaura Member

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    yea, its hard to understand a world you've never lived in and only seen on TV, or short vacations. I also feel like in Africa we get introduced to crypto currencies only after they have literally become unaffordable. DASH went from $750 to now $1500 in 2 weeks. this is the best time to get in and to introduce it to people
     
  9. Dashmaximalist

    Dashmaximalist Active Member

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    it will go up to $10,000 in next few months , so that's not an issue ;)
     
  10. Dandy

    Dandy Member

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    I don't think it's the matter of not realising the importance, it's more the case that early adopters were in developed countries, so most of the MNOs are located there and naturally, they best understand the local populace and view local opportunities.
    I'm not from the US, I live in eastern Europe, so I don't have any idea how to make a proposal for something that happens in US, Venezuela or Africa.
    As we see more adoption in countries like Venezuela, I expect to see more proposals from those territories.
    This assumption about affordability is false. You can buy any amount of Dash and get all the benefits of the system.
     
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  11. Dashmaximalist

    Dashmaximalist Active Member

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    Hope things change for the best ! :)
     
  12. Isobel Chaura

    Isobel Chaura Member

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    What I was trying to convey is 2 weeks ago DASH was at $750, now its sitting at $1500. $1 = R14 this side. 1 dash= $1500 = R21 000 and with R21 000 I can pay rent for 3 months, not many people understand that you can buy 0.001 DASH. There is need for activations and promotions this side. For people this side its about being able to access a financial platform you can perform transactions and store your wealth. Send money home, protect yourself from volatile currency exchange rates etc.
     
  13. Dandy

    Dandy Member

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    When I introduce someone to Dash, I found it easiest to use the mobile wallet that is set to show the value in local currency, so when I send some small amount of money to them, they don't really look at the Dash number, they are more aware of the local currency equivalent of the value I sent to them.
     
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  14. Isobel Chaura

    Isobel Chaura Member

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    Totally agree, will definitely use this during activations this side. South Africa is definitely a worthy market. What wallets do you use? I've been trying out the Coinomi but any suggestions of good wallets will be appreciated.
     
  15. Dandy

    Dandy Member

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    I use the standard Dash wallet. I never had any problems with it.
    https://play.google.com/store/apps/details?id=hashengineering.darkcoin.wallet&hl=en

    Also, I try to always go through the steps of securing the wallet and setting up wallet backup.
    I show the person how to back up the wallet to a file with a password, how to upload that file to the Google drive, so the wallet is safe in the case the phone stops working for some reason and it can be restored on another device if needed.
    Then we set the spending PIN also, so nobody can send the funds from the device without knowing the PIN.
    I always point out that they must remember the password and PIN, or they will lose their money.
     
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  16. Isobel Chaura

    Isobel Chaura Member

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    Thank you, took a screenshot will definitely follow your steps. Going to download the wallet now. It will be easier to explain when I've also used it.
    Thank you :)
     
  17. slamdunk

    slamdunk Member

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    Speaking to the US bias...this post is in English after all! I am thrilled to see the other languages on dash.org, but I am unable to read them. If I could read them, would I also read the US bias? My hunch is "no".
     
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  18. Ashley Rikhotso

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    I totally agree with this post the vast majority of MNO do prefer US proposals, which makes it very difficult to get support from the community if one is making a proposal coming from the developing world.I believe seperating the two would serve the community well and bring good proposals from the developing world into the limelight.
     
  19. Fortune420

    Fortune420 New Member

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  20. Dandy

    Dandy Member

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    This map is not really relevant because it shows more where Twitter is popular than where cryptocurrencies are.
     
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  21. camosoul

    camosoul Grizzled Member

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    The USA faces it's own form of oppressive government. While the currency hasn't seen the collapse, debasement of it is still occurring. The regulator environment is exceptionally anti-productive-person.

    It's not the same set of problems,. but it's every bit as bad.

    The difference is that even the homeless people here have smart phones and internet access. Everyone is connected and able to communicate.

    Think if all the people in a bad situation in Venezuela became 10x dumber, and held total control of a militant government several orders of magnitude larger, more technological, and filled with hate for anyone with more than two pennies to rub together... That's the USA right now.

    The USA has much higher heights from which to fall, and a population of retards hell-bent on making it happen... The fraction of the population who doesn't lake that idea is much larger than the total population of Venezuela, Mexico, etc... Put together.

    We have a lot to lose, a lot to talk about, and the means to do it.

    There just aren't that many people from Guatemala signing up on DASH.org

    Does that make those who do sign up "obsessed?"

    If you want more people from African, South/Central America to get involved; get them involved. Nobody here (USA or DASH forum) is stopping them. It's just reality.

    Don't make excuses why it's someone's fault. That's not only unbecoming, but, since it's a lie, it doesn't help anyone or fix any problems.

    Referring to those who are willing to take action as "self obsessed" while others can't be asked to take action...

    Actions and in-actions both come with consequences. Own it. Then do something about it.
     
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  22. camosoul

    camosoul Grizzled Member

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    Sounds like you've got it figured out. Tell your people.

    "Somebody should do something!"

    You're somebody.

    Do something.

    Don't sit around expecting someone else to do it for you and complain/blame when the most able person, you, does nothing...
     
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  23. camosoul

    camosoul Grizzled Member

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    You have the same access to the forum as everyone else.

    Tell us all about your great ideas, and the experience you have in taking action to make them happen.

    If you care as much as you claim, you'd be taking zero-cost actions already. Simply telling people you meet on a daily basis. Answering questions, etc. If you're not doing even that little bit, why should you get funding for anything?
     
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  24. Isobel Chaura

    Isobel Chaura Member

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    Totally agree. Planning on doing activations, meet-ups, radio and Tv promotions next year, while also having 20+ Dash branded cyclists compete in all the major cycling marathons in South Africa. Our pre-proposal is called Dash cycling Africa. https://www.dash.org/forum/threads/dash-cycling-africa.20142/
     
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  25. billyjoeallen

    billyjoeallen Member

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    This is exactly wrong. Dash needs rich people FIRST because we don't have a central bank. Only rich people can provide liquidity, buying Dash when the price is crashing and selling when the price is so high it is inaccessible to these third worlders. Successful traders and investors provide liquidity, and with so much Dash tied up in Masternodes and as a store of value, liquidity is what is needed to reduce volatility. Dash cannot be a useful currency with the volatility we have now, so we need good traders to eat that liquidity by buying low and selling high.
     
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  26. Isobel Chaura

    Isobel Chaura Member

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    I think even "poor" people understand how to buy low and sell high. And for your information Africa also has rich people we all don't live rural areas. There is a market in Africa for Dash. What Dash provides is a stable currency to store wealth and access to affordable money transfer. I guess you proved this post correct that most people outside only know Africa from movies and short clips on the news. imagine all those poor people being able to invest in a currency that grows their investment. Not having to rely on the usually wishful thinking that their governments will make the right decision.
     
    #26 Isobel Chaura, Dec 22, 2017
    Last edited: Dec 22, 2017
  27. Ashley Rikhotso

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    Thanks for sharing that image, though I think most of us in the community are trying
    Good Day
    All the points you raised are valid, as for myself I try to play a active role in bringing Dash to my people, I educate people on the benefits of using Dash and hey even have a Dash t-shirt and you be quite surprised by the intriguing it brings, south africans really want to know about Dash. Added to that I written a pre proposal please go through it explains what we are trying to do, to make Dash mainstream in South Africa.Please give feedback would be highly appreciated
    https://www.dash.org/forum/threads/...ard-and-dash-branches-for-south-africa.21819/
     
  28. Dashmaximalist

    Dashmaximalist Active Member

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    you have no idea how bad things are in developing countries man, USA is heaven for most of these folks , thats why there is constant in ward migration.

    we dont have to burn our heads over this , the bitcoin adoption index doesnt rank US in the top , countries like argentina , venezuela , india are at the top.

    The point is very very very simple , crypto adoption will first happen in developing countries , its really that simple
     
  29. Dashmaximalist

    Dashmaximalist Active Member

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    ok heres' the deal. Investors come from the developed world , Users come from the developing world. we need them both. Personally i think users are more important , if we don't want to be bitcoin core -aka store of value.
     
    #29 Dashmaximalist, Dec 23, 2017
    Last edited: Dec 24, 2017
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  30. fl0at1ng_p01nt

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    Dash Address:
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    2018 is an election year here in Mexico. Many people are expecting the Mexican peso to crash. In the last few weeks, the volumes in the biggest Mexican BTC exchange have skyrocket driving the platform down a couple times.