How to accept Bitcoin in a Shopify Store for Payments (and ...
How to accept Bitcoin in a Shopify Store for Payments (and ...
Shopify Integration - BitPay
Cryptocurrency · Shopify Help Center
Bitcoin Definition - What is Bitcoin - Shopify
Accept Bitcoin on Shopify WJunction - Webmaster Forum
Let's do something - Community Grind for Adoption
Ok, let me keep it short. It is adoption and only adoption that can move Nano. Thankfully we are ready in terms of technology. So let's
Create a presentation highlighting Nano VS BTC (& others) and why Nano is perfect as a digital currency and start reaching out to companies via email to consider them to accept Nano as a payment. Steam, Twitch, Various eCommerce companies
This presentation has to be very intuitive and show why we stand out in the crowd BTC clones and DeFi scams. Technical points, demos, reactions of people in the industry (like Charlie Lee etc.)
Get some of the influential people involved, remember Kevin Rose, Gary Tan? Let's reach out to them and see if they can help with this initiative.
Let us create a private group in discord where people who can help be involved and report to each other and measure the success. It Will be amazing to have one of the official community managers of Nano be involved or even mods of this group are involved. If we can announce one or two new companies that have never accepted crypto, in general, to accept Nano, to begin with, we will have industry breaking news to announce every time we succeed. After all, we have things most crypto communities don't - confidence in the tech and a sane & loyal community. Edit : This is what I have in mind
Create a website, something like nanocommunity dot whatever
Clearly mention that this is by Nano community who believe Nano is the digital currency for the future and is not affiliated to Nano Foundation
Create presentation material with the following points
What is Nano
How is it different from Bitcoin
Why they should consider Nano
a) Tech, Green, Fast, etc b) Strong Community (Highlighting numbers like most active/Community Projects) c) Continued Development (Highlighting consistent development in an infographic, future roadmap, linking to github) 4) How can they integrate it easily and start accepting Nano Maybe the big ones won't accept right away, but if a few Shopify websites start accepting, it becomes news, its an organic attempt by the community, not the fake partnership announcements where founders pay for some PR buzz and nothing happens. If we can consistently deliver on this, it could get serious eyeballs. Also, I think its important to reach out to influential people. The ones i mentioned were super interested back in 2017. We can divide the workload, like creating presentations, prospecting, and doing emails, by country and by industry, etc. Edit 2: Creating a website like thenanocommunity.org focussed around the community initiatives for adoption, maybe a forum? Will that make sense? Where people can share ideas and progress on what they did to spread the word. Even if it is something like I made my uncle start to accept accepting Nano on his autos part website, it would be good news to share and it could just snowball from there. Edit 3 : Ok, so went ahead and bought the domain thenanocommunity.org with an email [[email protected]](mailto:[email protected]) I can also get a forum software installed and get it up on a hosting (digital ocean?). I will share the credentials of the domain and hosting with 5 other reputable members who are interested. I don't know if it will have any impact, but if it can do even a little, I will be glad. I am still not 100% sure, and will wait for others to weigh in a bit as well, worst case this domain just expires.
Provide White label services for ICO & blockchain projects
Comprehensive crypto payment API
Point of sale mobile app
8 Mainstream E-commerce shopping carts for crypto payment
WooCommerce / WordPress
ForgingBlock is supporting the spirit of peer-to-peer electronic cash, to build a decentralized economic infrastructure for the Blockchain network. Businesses of all sizes — from new startups to public companies — use our software to accept cryptocurrency payments and manage their businesses online.
Shopify e-commerce company with $41.1 billion revenue accepts Crypto for payments..!
Shopify's platform allows its merchants to accept payments in bitcoin, Litecoin, Ethereum, and over 300 other types of cryptocurrencies. It recently expanded that reach by partnering with cryptocurrency payments processor CoinPayments, which helps merchants process 1,800 types of cryptocurrencies. From their website: "To accept cryptocurrencies, enable one or more of the following alternative payment methods from the Payment providers page of your Shopify admin: Coinbase Commerce, BitPay, GoCoin, CoinPayments Beta After you enable a payment method that supports cryptocurrencies, you can accept Bitcoin, Ethereum, Litecoin, amongst 300+ digital currencies". I don't know why this isn't big news in the crypto space, but it's an big step forward for the adoption of crypto by big companies..! https://www.fool.com/investing/2020/05/26/will-shopifys-new-cryptocurrency-partnership-widen.aspx https://help.shopify.com/en/manual/payments/alternative-payments/cryptocurrency
Starting with v126.96.36.199 you can now finally accept Bitcoin payments in your Shopify store via BTCPay Server! BTCPay Server has a great manual and a YouTube video about it. Coincharge have tried Shopify with BTCPay Server, it works great. We have also written our experiences in DIY instructions in German and English. Maybe it is a helpful addition. https://coincharge.io/en/bitcoin-shopify-accept-bitcoin-on-shopify/
If you are a Bitcoin trader either in Australia or New Zealand, good news! Coke vending machines now accept Bitcoin as a form of payment.
What does this mean for Bitcoin?
Although a coke vending machine that accepts Bitcoin may at first seem silly or insignificant, it is actually yet another sign that adoption of the cryptocurrency is progressively increasing. The 1,200 or so machines available between the two countries means more exposure for the project. Even if many will never actually pay for a soda with Bitcoin, the simple awareness that such an option exists is already a positive. For those who do wish to experience paying for an instantly redeemable physical product with Bitcoin, they will simply need to download the Sylo payment app. With it, they can scan a QR code in a manner reminiscent to China’s Alipay or Wechat Pay system. The crypto will then be automatically converted into the relevant local currency.
With the current health crisis involving COVID-19, any initiative that lowers customers’ physical contact with machines is beneficial. Particularly so when these machines are frequently used by hundreds of people and tourists every day. QR codes limit a user’s need to interact with both potentially contaminated surfaces and cash. Fortunately, even bitcoin derivatives traders and spot traders that do not live in these countries can still benefit. As suggested above, the more Bitcoin is adopted as a form of payment, the more relevant and strong the cryptocurrency becomes. Other similar efforts to facilitate the use of Bitcoin for transactions include BitPay. This payment processor already works with large brands such as Shopify and Newegg to help their users pay with Bitcoin. Stay tuned for more blog articles on different concepts and ideas that will improve your knowledge of Bitcoin Trading.
Shopify's platform allows its merchants to accept payments in bitcoin, Litecoin, Ethereum, and over 300 other types of cryptocurrencies. It recently expanded that reach by partnering with cryptocurrency payments processor CoinPayments, which helps merchants process 1,800 types of cryptocurrencies. From their website: "To accept cryptocurrencies, enable one or more of the following alternative payment methods from the Payment providers page of your Shopify admin: Coinbase Commerce, BitPay, GoCoin, CoinPayments Beta After you enable a payment method that supports cryptocurrencies, you can accept Bitcoin, Ethereum, Litecoin, amongst 300+ digital currencies". I don't know why this isn't big news in the crypto space, but it's a big step forward for the adoption of crypto by big companies..! https://www.fool.com/investing/2020/05/26/will-shopifys-new-cryptocurrency-partnership-widen.aspx https://help.shopify.com/en/manual/payments/alternative-payments/cryptocurrency
Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry
Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry Over the past decade, the crypto-industry has proven to be a unique industry with a specific audience, which requires a no less specific approach. In this regard, in 2020, the advertising activity of crypto companies is significantly different from that to which banks and various financial companies resort. Industry leaders prefer not to rely on traditional online advertising on Facebook, Instagram and YouTube. They follow a different path: they work with bloggers (opinion leaders and influencers), rely on MLM marketing referral programs and actively organize various contests and sweepstakes with generous prize pools. The CoinDesk portal claims that crypto marketing this year is strikingly reminiscent of marketing in the beauty industry, and here it is no less effective.
Michelle Fan, a blogger with a million YouTube subscribers, is using the same techniques to spread skin care life hacks and the idea of financial freedom through bitcoins. Moreover, she assures that the leaders of the crypto industry, like her, use marketing schemes from the beauty industry, even if they themselves do not know about it. Both areas prefer to use the DTC (Direct to Customer) business scheme, independently creating and then promoting and selling goods / services, working as closely as possible with the community. Sales are built through aggregated retail platforms like Amazon, Etsy and Shopify, or even through accounts in popular social networks. Industry leaders in developing countries often resort to the latter option, where large sites like Amazon simply don’t work or aren’t popular. For example, Michelle Haber, a bitcoin maximalist from Libya, made it clear in CoinDesk’s comment that social networks and chats are today the most effective way to distribute goods / services in crypto topics. He said that local traders in order to “educate” the audience help buy hardware wallets, selling them through groups on social networks. Buying yourself Trezor or Ledger in another way is often simply impossible.
Work with opinion leaders
Michelle Fan is not the only person from the crypto-community who notices the similarities with the beauty industry. So, Maria Paula Fernandez, who actively uses the services of the DeFi sector and is seriously interested in the topic of skin care, gave the CoinDesk portal a similar comment. She notes that in both cases, society has become accustomed to relying on the opinion of society itself, rather than trusting the views of the world’s leading media. Therefore, in both sectors, the so-called influencers are very popular — opinion leaders and bloggers who disseminate information among their audience on YouTube, Instagram, TikTok and other social networks, receiving a reward for this. Crypto-companies very often, like firms from the beauty industry, provide their products to opinion leaders for review and further “instruction” of their subscribers. Maria Paula Fernandez does not see anything shameful in this. Observing the experience of bloggers, subscribers begin to acquire a kind of crypto-education and disseminate the information through the word of mouth. Thus, the crypto-community grows. The most successful bloggers over time can count on sponsorship from one or another crypto company. For example, the podcaster Marty Bent, whose show is now funded by Unchained Capital and Square, the developer of Cash App, witnessed this scenario. The latter, by the way, in addition to Bent sponsor also podcast Joe Rogan and rapper Lil B. Many other large companies, including the Kraken exchange, have resorted to this strategy. They are just as interested in sponsoring reputable content creators who promote products among loyal subscribers. The U.S. exchange sponsors the Reckless VR crypto start-up, founded by Udi Wertheimer for crypto-conferences in virtual reality, and the famous podcast Peter McCormack, who launched his own media brand Defiance last year. Having started his career as a hobby, McCormack turned it into a business of his life, thanks to which he earned about $1 million for 2019. With all this, working with bloggers is a great opportunity to enter foreign markets. This is understood at Crypto.com, where they use opinion leaders to attract the Russian-speaking and Turkish-speaking community. Does this approach give a result? Judge for yourself: over the past six months, the number of startup users has doubled and currently stands at more than 2 million people.
Referral Bonuses and MLM Marketing
The development of products within the community often turns into MLM marketing strategies, which require the presence of referral bonuses and bonuses “in depth” — favorite schemes of cosmetic brands. They use a multi-level reward system for attracting partners, where you can usually get a bonus not only for personally invited, but also for “friends of friends and their friends”. Thus, opinion leaders who distribute crypto products often receive a portion of the funds that people invited by them will pay for the product / service. The relevance and effectiveness of the trend is confirmed by the fact that these methods are not shy to use not only crypto start-ups, but also top cryptocurrency companies, widely known throughout the industry. A prime example is SatoshiLabs, a company that manufactures and distributes Trezor wallets. The head of communications, Iva Fizerova, confirmed that she is actively resorting to “affiliate marketing” with bloggers as an alternative to paying them for direct advertising. No less vivid examples are the largest crypto exchanges Binance and Gemini, which managed to succeed not without the help of referral systems copied from the multi-level marketing campaigns Avon and Mary Kay, which they have been using for decades. Instagram blogger Chjango Unchained has been earning good bonuses for several months running after posting a referral link to Gemini on her profile. When her subscribers register on the exchange and buy cryptocurrencies worth more than $100, she receives $10 in BTC. According to her, she is doing a good deed. The blogger wants people who are interested in her opinion on digital money to start their crypto path on Gemini, and not, for example, on Coinbase, because the latter charges “crazy commissions”. Referral system bonuses are a typical phenomenon for many crypto companies, and successful bloggers are happy to use this. A prime example is Michael Gu, known by the pseudonym Boxmining. It has been distributing information about digital money since 2012, having gathered an audience of more than 200,000 subscribers on YouTube and more than 3,500 participants in Telegram chat during this time. Despite the fact that the manufacturer of hardware wallets Ledger does not sponsor its activities, it places referral links in the video descriptions and collects voluntary donations from subscribers. As you might guess, he feels rather well. At the same time, he emphasized that user activity during the coronavirus pandemic is only growing, especially after YouTube began to put sticks in the wheels of the creators of crypto-content.
Gifts, contests and sweepstakes
Making a small gift is a great way to introduce an audience to a new product. In the cryptocurrency market, this has long been relevant. Coin creators eagerly carry out airdrops and bounty campaigns, allowing the crypto community to test the new coin. A similar approach is popular in the beauty industry. Samplers of perfumes and branded magazines with smells have led many girls to buy full-fledged versions of the fragrance. In addition to the cryptocurrency developers themselves, a similar approach is also used by cryptocompanies of a different direction, which cannot conduct airdrops due to their technical features (for example, this is true for manufacturers of hardware wallets). Therefore, they organize more classic contests and sweepstakes. For example, they play a wallet for reposting on social networks or videos published on YouTube. It is noteworthy that cryptobrands in this area are even more active than cosmetics manufacturers. They work not only with trusted bloggers with many subscribers, but also help to become less “untwisted” users. Therefore, they periodically assist them in organizing draws in order to attract subscribers who could potentially become new customers. Iva Fizerova from SatoshiLabs confirmed that Trezor manufacturers periodically help users attract new followers through the distribution of gifts. Moreover, this approach brings excellent results. By working with the community this way, they have managed to sell hundreds of thousands of wallets. But most importantly, a reputation of the brand has formed around the product, warmly received by the audience. And this effect is so strong that the company simply does not see the point in spending money on traditional expensive advertising. Most importantly, despite all the problems of 2020, including the coronavirus pandemic, which seriously hit the global economy and, accordingly, people’s wallets, demand for products did not fall. This approach remains effective, while the percentage of successful conversions in traditional advertising has probably decreased. Fizerova noted that over the past three months they have recorded a steady increase in demand for goods. Moreover, they even had to solve delivery problems, if only the buyers got the desired devices in a timely manner. A similar approach and results are observed with other manufacturers of hardware wallets. Thus, Rodolfo Novak, co-founder of Coinkite, confirmed the growth in demand for products, despite the pandemic. Working with the community is their main marketing strategy, because it really gives results. Over the past three years, they donated about 50 wallets to YouTube reviewers. Novak is proud that their “users help other users.” According to him, this approach allows you to sell products at a lower price, since the cost of goods does not include high costs for familiar marketing campaigns.
Are marketing strategies effective? More than
The cryptocurrency market relies on marketing strategies that have established themselves in the beauty industry, which in the new field are no less effective. Maximum performance is achieved with a killer combination of all three of the above methods. It’s about when the founders of cryptocompanies themselves become opinion leaders. Just look at Changpen Zhao, the head of Binance, or Justin Sun, the project manager of TRON. Both entrepreneurs are bloggers with a huge army of subscribers and are personally engaged in the promotion of their brands, regularly rewarding their audience with pleasant gifts. It’s easy to guess why industry leaders rely mainly on this type of marketing. Advertising products in the traditional way is expensive, especially for startups, behind which there are still no attractive products with a good reputation. But more importantly, crypto products are quite complex in themselves, so they often need detailed explanations, which are difficult to implement in the framework of traditional advertising. Agree that selling a bottle of Fanta with a new taste is much easier than a hardware cryptocurrency wallet, especially since most people don’t understand what it is. On top of that, regular advertising is complicated by the fact that media giants regularly block crypto content. In such a situation, marketing borrowed from the beauty industry seems to be the most acceptable and most effective option. By focusing their marketing budgets on opinion leaders and working with the community, cryptocompanies achieve the desired result, even taking into account the coronavirus pandemic. The crypto community is getting bigger and stronger every day. But the best part is that this growth cannot be stopped. Subscribe to our Telegram channel
You can safely use any of these gateways, each of which provides quality service proven by thousands of merchants. We hope this article will be useful to all merchants who are thinking of starting to accept Bitcoin, and other popular cryptocurrencies.
hello, I am starting business on shopify relating to Bitcoin and I would like a percentage of my sales to go towards supporting the team who develop Bitcoin. Does anyone know how I do this or where I should look? Is Bitcoin Core the team and if so does anyone know how I contact someone official there? I would ideally like the same structure/arrangement set up with a few charities whereby at the checkout page, my buyers can choose what charity a percentage of my proceeds to contribute towards. Also, in addition to accepting credit cards I want to accept Bitcoin (and will partner with Lolli), but does anyone know the benefits between Coinbase, BitPay and/or accepting Bitcoin Payments directly? I am researching all on my own but thought I'd ask in case anyone could drop any really helpful tips. Thank you in advance!
You can safely use any of these gateways, each of which provides quality service proven by thousands of merchants. We hope this article will be useful to all merchants who are thinking of starting to accept Bitcoin, Ethereum, Litecoin and other popular cryptocurrencies.
Toronto-based Homebrew Supply Store now accepts Bitcoin for all purchases online and in-store
Hey BitcoinCA, my Homebrew (Beer Brewing) supply store in Toronto now accepts Bitcoin for all purchases online and in-store! We are using the Coinbase Commerce integration with Shopify to accept BTC, LTC and ETH for anything at www.torontobrewing.ca - I can help you put beer on tap in every faucet of your house. Seriously. Feedback welcome and if you have a Shopify store, let me know if you have any questions or if I can be of any help getting setup. Cheers.
Why Cryptocurrency is Failing at Adoption - We're Giving Control Back to Banks, Corporations, and Government
Why Cryptocurrency is Failing at Adoption
Cryptocurrency has come a long way in a short amount of time. That said, one area I think cryptocurrency is falling short is adoption. By adoption I mean people buying things from stores, people buying things online, and people conducting transactions between themselves ie I pickup dinner for a buddy and he pays me back with say Litecoin for example. Now I'm not saying this is a small feat, the concept of getting people to change their entire worldview on money and commerce is a tall task. That said, until we see greater adoption and use of cryptocurrency, it remains nothing more than something we can speculate and gamble on. The utility is there, but if that utility is not being used, it's just something to speculate on and nothing more. Now before you start thinking I'm being overly critical of crypto, I'm one of cryptos biggest cheerleaders. I'm self employed and work full-time in e-commerce. One of my businesses is considered "high risk" by the merchant processing industry and therefore it's very difficult to get credit card processing. I had to contact over 300 processors to find one who would take me on, even then I had to jump through hoops to get accepted, and I pay 7% for processing when your average business pays 2.9% or even substantially lower, so I have a personal use case for crypto in my business, the problem is not enough of my customers are willing to pay in crypto.
Where is Crypto Falling Short?
So you may be asking okay smart guy, where have we gone wrong? With cryptocurrency the beauty of it is that there's no central authority, however that's also a shortfall as there's not necessarily one person to give direction, and when things do fall short there's nobody to blame but "they" or "we", basically the community itself, so this makes it challenging to make changes. Here's where I feel cryptocurrency has fallen short at adoption...
Crypto Debit Cards
Crypto debit cards were way overhyped. I get it, people are used to using debit cards so tying crypto into debit cards makes it familiar and makes it more usable to many people. That said, as we've seen, when you have a Visa or Mastercard logo on the front of a credit or debit card that puts all the power back into Visa and Mastercards hands. All the benefits of crypto ie anonymity, no chargebacks, no rules about what can and can't be sold, no holds or reserves, all these things go out the window as soon as Visa and Mastercard get involved. We've seen this happen time and time again when we hear stories about Visa and Mastercard shutting down various crypto debit cards. Also on a KYC and compliance front, there's often rules such as you can only load $500 or $1,000 onto a debit card without providing name, address, ID, social, etc. While I'm not saying crypto debit cards are completely pointless, they aren't the answer to mass adoption as they remove nearly all the benefits of cryptocurrency, I may as just be using my regular debit card. I think the community fucked up making these things seem like the best new thing since sliced bread.
Focusing on Merchant Processing Instead of Payment Gateways
I'm sure you guys have heard of Bitpay and Coinbase's crypto merchant processing programs. You use a third party company like Bitpay or Coinbase to accept crypto on your behalf. This kind of goes back to the problem above, introducing third parties. The whole point of cryptocurrency is getting rid of third parties and intermediaries who tack on fees and try to control you and make rules for you. By using a third party processor were back to the problem of introducing unwanted third parties. The point of cryptocurrency is to be direct payments from consumer to merchant. Now I realize that some companies sell products with a hard cost and can't be subject to the volitility of crypto. We'll take someone selling DSLR cameras for example, if they buy a Canon SL2 for $500 and they sell it for $700 that leaves a $200 profit. That said if they accept crypto as payment and they accept $700 worth of Bitcoin, and don't sell it right away, it's possible that the camera they paid $500 for, they now only have $400 in Bitcoin for the payment, because of that volatility. Because of that I think it's understandable that some merchants will need to use a merchant processing company to immediately convert crypto to fiat, or at least a portion of each transaction to at least cover their hard costs. On the flip side however someone who is selling digital products which have no hard cost, they can afford the volatility since they won't necessarily be losing money. Imagine I create digital wallpappers and sell them online. The cost to create them is my time, and whether I sell 1 of them, or whether I sell 1,000 of them, it's not really costing me anymore money to sell more so I can afford a bit more volatility. Here's what it basically boils down to though. We need more Payment Gateways and not Merchant Processors. So what's the difference? A Merchant Processor is like Paypal or Stripe. They collect the money from the customer, and then a day or so later issue it to you. They are actually holding the funds. Because of this they have to follow KYC policies, they need to be registered as an Money Transmitter or Money Services business, and they are also required to offer chargebacks. It's for these reasons that they often have such stringent rules and high fees. In the world of eCommerce when we bring in a third party, in a large way that kind of defeats the point of cryptocurrency. So Coinbase rolled out a new service called Coinbase Commerce. I havn't personally used it, but from the research I've done it seems that this is a payment gateway and not a merchant processor. I say this because the money goes to your own wallet where you control the keys. Coinbase never touches that money, they simply offer the software that allows it to be sent and which helps you on the backend of your SHopify store matchup a payment on the site to a transaction on the blockchain. This solves a huge problem. A while back I tried to accept crypto through a Shopify store and there was no good way to do it. It wans't streamlined or automated. I would have to add a custom payment option. The customer would then have to say I want to pay with Bitcoin. I would need to e-mail them to give them an address to send to. They would have to send me the Bitcoin at which point I would then have to manually check the transaction on the blockchain to make sure it was actually sent and to make sure the amount was correct, and then I could ship their product. This process was not convenient or easy on myself or my customer. What Coinbase Commerce does from my understanding is pretty much automate and streamline this whole process. This means my customer and I don't need to talk with one another just to make a simple crypto transaction, the whole process is automated, and I can easily see that the customer has made payment through my Shopify store. If my understanding of Coinbase Commerce is correct this also means that at no point during this process does Coinbase actually touch the money. The beauty of Coinbase never touching the money is that they aren't a money transmitter or a money services business. They don't have to follow rules about chargebacks, they don't have to track my business and issue a 1099 at the end of the year, and they don't have to place rules on what I can and can't sell, that's completely on me. I think this is what crypto needs more of. We need more payment gateways and less merchant processors. Merchant Processors while they do serve an important role for businesses with hard costs, for other businesses they just get in the way and have too many costs and too many rules.
I guess my point is this. Cryptocurrency is unique to money and payment processing. We need to embrace this uniqueness and take advantage of the lack of power and control it allows corporations and government. To date most of the adoption of crypto I have seen is nothing more than partnering with and giving power back to banks, credit card companies, and merchant processing companies. *** I neglected to add something about Litepay. Litepay came to a screetching halt before it even began because it relied top much on the current banking system allowing it. Only a registered business can accept Litepay where as with stripe or paypal anyone can start as a soleprop today in minutes
What is bitcoin and where does it fit into the new world?
For somebody not acquainted with Bitcoin, the very first concern that enters your mind is, "What is Bitcoin?" And another typical concern that is typically asked associates with the Bitcoin rate. A big concern of normal users is that by default it has no privacy - so I suggest to have a look at how the best bitcoin tumbler can help you. It began a under 10 cents per Bitcoin upon its intro in early 2009. It has actually increased gradually given that and has actually hovered around $4000 per Bitcoin just recently. So concerning Bitcoin worth or the Bitcoin rate this is a most exceptional gratitude of worth and has actually produced lots of, lots of millionaires over the last 8 years. The Bitcoin market is around the world and the people of China and Japan have actually been especially active in its purchase in addition to other Asian nations. Nevertheless, just recently in Bitcoin news the Chinese federal government has actually attempted to reduce its activity because nation. That action drove the worth of Bitcoin down for a brief time however it quickly rose back and is now near its previous worth. The Bitcoin history chart is extremely intriguing. Its developer was a confidential group of fantastic mathematicians (utilizing the pseudonym Satoski Nakamoto) who created it in 2008 to be "virtual gold" and launched the very first Bitcoin software application in early 2009 throughout the height of the U.S.A. recession. They understood that to have long lasting worth, it like gold needed to have a limited supply. So in producing it they topped the supply at 21 million Bitcoin. Bitcoin mining describes the procedure by which brand-new Bitcoin is produced. With standard currency, federal government chooses when and where to print and disperse it. With Bitcoin, "miners" utilize unique software application to fix complicated mathematical issues and are released a particular variety of Bitcoin in return. A concern that then develops is, is Bitcoin mining worth it. The response is NO for the typical individual. It takes extremely advanced understanding and an effective computer system and this mix of aspects makes it unattainable for the masses. This uses much more to bitcoin mining 2017 than in previous years. Lots of marvel, who accepts Bitcoin? This concern gets asked in different methods, what are shops that accept bitcoin, what are sites that accept bitcoins, what are some merchants that accept bitcoin, what are some locations that accept bitcoin and where can I invest bitcoin. A growing number of business are starting to see the worth of accepting cryptocurrencies as a legitimate payment choice. Some significant business that do are MEAL network, Microsoft, Expedia, Shopify shops, Newegg, Payza, 2Pay4You, and others.Two significant holdouts at this time are Walmart and Amazon. Ethereum is the greatest competitor to Bitcoin in the cryptocurrency market and numerous marvel at the concern of Bitcoin vs Ethereum. Ethereum was produced in mid-2015 and has actually gotten some appeal however still ranks far behind Bitcoin in use, approval and worth. A concern that typically shows up typically associates with Bitcoin rip-off. This author has a good friend who purchased from a business that assured 1-2% development daily. The business site noted no contact info and after a couple months the site merely disappeared one day and my buddy lost all the cash he had actually invested which was numerous thousand dollars. One needs to understand how to purchase Bitcoins, how to buy Bitcoin or how to purchase Bitcoin with charge card in order to get begun. Coinbase is a preferred website to do this. Their cost is 3.75% and the purchasing limitation is $10,000 each day. This would most likely be the simplest method to purchase bitcoins.
Hi Bitcoiners! I’m back with the 32nd monthly Bitcoin news recap. For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you an overview of what happened in bitcoin over the past month. You can see recaps of the previous months on Bitcoinsnippets.com A recap of Bitcoin in August 2019 Adoption
I own a successful drop shipping business that just made 100k in sales last month and expecting 650k total for 2016. Ask me almost anything!
Hey guys. I wanted to share my story for a while now and I feel that it’s a great time to do it. Proofs are at the end of the this post. I’m a 25 years old entrepreneur who failed a lot of businesses in the past. I made my first website at 8 years old and since then, I've been making websites for fun and trying to get some revenu here and there. When I was 22 years old, I started my business while I was in University (Computer science) to generate a side income. After my website was online, I got my first sale without advertising it within 1 or 2 days (I can’t exactly remember). Considering my average product cost is around $400, that was a big deal for me. Later that year, I was kicked out of school because I failed the same class twice. I had to wait a year before I can enroll again. I decided to start working full-time and work on my business in the mean time. In May 2016, I left my full-time job to focus on my business. I did this because in 2015, my salary from my business was double of my full-time job. I knew that I can grow it even further so I wanted to focus 100% of my time on it. This year was my best year so far. I doubled my numbers of the previous year. Last month (November 2016), I made a little over 100k in sales thanks to black Friday. This is about 20k in net profit in 1 month and half of that was made during Black Friday and Cyber Monday. Since I have no employees, office etc, I usually pay myself 90% of the profit as a dividend and keep 10% for the company. This allows me to still use the business name when purchasing expensive goods like my car. Since I have multiple suppliers, I don’t have a fix margin. My margin is currently between 30% and 50%. The fun part of my niche is that all brands have a minimum advertised price policy (MAP) so I never have to compete in price against other resellers. It’s all about marketing and content. My gross profit is around 25% and my net profit is 19% - 20%. Expenses include website, transaction fees, car, insurance, gas, restaurant, business trip, cellphone plan etc. I still have a good amount at the end of the year and less expenses under my name. I expect my net income to be around 100k this year. I am also expecting to end this year with about 650k in sales. I built my brand as a premium reseller in my niche market. I often receive requests from manufacturer (mostly in China) offering me to sell their products with a high profit margin (50%+) but I always decline since I don't want to sell cheap products. Last summer, I removed a brand from my website because it took the manufacturer 1 month to help me process a warranty claim. This was unacceptable for me since it's my brand that gets hurt. Later that year, they revised their communication system and we started doing business again a few weeks ago. I also focus a lot on original and good content. Links to my website are often shared in forums and Reddit since my posts/pages are useful for my potential clients. This created a lot of random websites copying my content, even my texts and pictures. I often keep an eye on my "competitors" since they literally steal my pictures, remove my logo from them and post them on social media or their website. One of them even copied 100% (text and pictures) of my most visited page and posted it as his own on his website. Fortunately, Shopify has a good DMCA program and I was able to get his page removed within 2 days. I guess having copy-cats means that I'm doing something well. What else I do as an entrepreneur and goal for next year Beside the regular retirement plans and investment portfolio, I have a small Bitcoin portfolio since my store accepts bitcoins. I also invested some money in a condo that I’m currently renting while I live with my SO in a rented house. I’m currently working with my main supplier to become the exclusive reseller in Canada. This is a huge deal for me since my company will keep making money in the US market as a drop shipper while I generate a new stream of revenue in Canada as an exclusive reseller. This means that I'll have to rent a warehouse and hire a staff to help tackle this new adventure. I am confident that the manufacturer will agree so hopefully we can get this going after the holidays. Drop shipping is fun at first but after 3 years, I feel that I need a new challenge. Proofs I always wonder why people don’t post proofs when they say that they did something. Here are some screenshots to confirm my claims. I currently have 2 stores selling the same products but in 2 different countries. I also didn’t sell on Amazon until this year. During this last summer, I had to shut down my second store unfortunately but it should be back up in the next few weeks. Sales made in 2014: Store 1 - Store 2 Sales made in 2015: Store 1 - Store 2 Sales made in 2016: Store 1 - Store 2 - Amazon Sales made in November 2016: Store 1 - Amazon Traffic: 2015 - 2016 I wanted to answer some questions since I know that a lot of you are interested by drop shipping businesses. I’m no expert but if I can help someone, I will be glad to. Edit: I am going to start replying to PMs as soon as I can. If I can't today, I will do it during the weekend for sure!
How Blockchain & E-Commerce Makes A Successful Combination?
It’s been a decade when the revolutionary concept of online selling was introduced to the world and the evolution of this industry has been exemplary. Within the past few years, the concept of ecommerce has been intensely affected by continuous technological advancements and blockchain is one of them. Blockchain offers a variety of new opportunities for the industry through its unparalleled potential; eliminating mediators to centralize operations, reducing complexities for ecommerce businesses to resolve their long-term challenges. However, it’s important to mention that this technology is the foundation of cryptocurrency payments which makes it more important for the e-commerce domain. It would be appropriate to say that blockchain is poised to change the way transactions are made. In continuation, both traditional selling stores, as well as e-commerce businesses, should be prepared for radical changes. Our focus will set on analyzing the impact of blockchain technology on e-commerce businesses in coming future. But prior, we need to clarify some important questions about the Blockchain technology. Those buzz will be helpful for you to spend on the services of a professionalshopify development company in an effective manner. What is E-commerce Blockchain? A traditional ecommerce store always has a large number of customers, inventory and transaction data, which requires adequate management & storage for effective results. In blockchain technology, this situation is addressed by combining transactions in block form and connecting those blocks in the form of a chain. Here every block is stored on individual computers hereby making it secure & scalable. How are Blockchain transactions verified? Transactions in Blockchain has a legitimate process of verification. Every node has a complete history of transactions and whenever there is a new happening transaction, the node performs several checks to ensure that it’s a genuine one. The process starts with a signature validation and if not valid then gets denied promptly hereby making it impossible to falsify the authenticity. Hiring a professional developer is most suitable if you are new to Blockchain technology integration. But prior to having a look at the unleashed potential of blockchain for the e-commerce industry, it’s required to understand the potential challenges and pain points it faces. The survival, sustenance and growth in E-commerce is difficult due to its complexity as a domain and to start here is a challenge in itself. Let’s have a look at some of the key challenges faced by the sellers on a day-to-day basis as well as in the long run. The e-commerce industry is becoming highly competitive, with existing players offering similar products and services and more sellers are joining the bandwagon at a rapid pace. It requires businesses to adapt smart business models & technologies to sustain in the race. Another pain point of the sellers is the presence of a middlemen in traditional business models who shares a hefty percent of earning in the selling process. Also the sellers have to pay a transaction processing fees to facilitate payments for completing the transactions. This fee reduces the profits of sellers to a considerable extent and result in lower revenues. Another key concern for these businesses is the protection of consumer data as they require to build the customer’s trust by assuring them about the complete safety of their personal as well as financial details. The implementation of data security regulations; General Data Protection Regulation (GDPR) has made data security an important concern for ecommerce companies. This is prime reason for sellers to invest more in data encryption and other measures for preventing hacks. There is an array of operations like supply chain, logistics, payments included in ecommerce business and management of these operations is a key challenge for the industry. From correct inventory replenishment, proper arrangement of shipping and delivery functions, to managing customer relationships are few of a lot things needed to be managed by the merchants. And since all these challenges can be overwhelming the sellers from very start of online selling, they have been searching for a technology that’s capable of handling them all. Fortunately, blockchain technology is a suitable answer for all these questions and being a decentralized system, it offers a lot of benefits for the e-commerce domain. E-Commerce Will Be Driven By Blockchain In Future Regardless of all the positive impacts e-commerce industry has on the world economy, things have not been fruitful for the sellers in the domain because of the challenges since the origin. Also, it has been seeking for a secure technological backbone to support it and address the diverse challenges it faces. Luckily, the Blockchain technology is ready to give it the same today through an array of features: Operational Efficiency: The decentralized model in Blockchain makes it capable of assigning operations and drive efficiently. Smarter contracts are passed down to regulate the intermediates like logistics and payment processing partners. It facilities the integration with several management systems to streamline the overall workflow as well. Blockchain offers the clients complete ownership of their assets like digital storefronts, product photos, and videos, and reviews. Assured Payments: Another significant advantage is the transparency in transactions, which increases a buyer’s trust. Every transaction is taped in a shared ledger which cannot be modified by anyone. Users avail high-security, faster processing speed, and radical visibility along with traceability through decentralized system. Also cryptocurrencies lower the transaction costs for international e-commerce stores. Cost-Effectiveness: Bitcoin is a well-known and most utilized case for this technology. Online sellers can trust bitcoin and other cryptocurrencies to get in-budget payment solutions and since there are no payment processes involved, currency can be accepted at a zero processing fee by the sellers. Additionally, blockchain offers a decentralization of marketplaces, letting the inherent costs going down automatically. It also provide better pricing for online retailers for the customers as the savings are passed to them. Data Security: Consumer data of an e-commerce store is always on a vulnerable point due to weak encryption, since well-encrypted systems can be hacked by the tips and tricks used by modern hackers. The presence of a decentralized ecosystem makes it impossible to hack from a single point, enabling sellers to safeguard the sensitive customer information and databases. Conclusion Since there are extensive benefits of e-commerce Blockchain making it imperative for businesses to grasp for massive growth. If you require transparency in business transactions and manage your consumer data reliably, this technology is the best solution for you. Having a right technology partner is must for you to use this futuristic technology at fullest and take your business to the next level. AtPro Web - Unisys we develop robust e-commerce solutions to open unlimited opportunities and take your e-commerce business to the next level. Blog Source URL:https://www.prowebtechnos.com/how-blockchain-e-commerce-makes-a-successful-combination/
[FULOOSCOIN] Welcome to our Community and everything you need to know in a few minutes.
What is Fuloos Coin and why should we use it?
Fuloos Coin is an open-source digital currency, allowing merchants and users across the globe to send transactions fast and with low fees. We officially released Fuloos Coin on December 1st, 2017. We are the next digital currency that uses the Scrypt Algorithm to allow users to transact their funds fast and with low fees across the world without delays with the ability to stake your coins to earn interest on your funds. Fuloos Coin has grown a lot since we started in 2017, reaching other 20,000+ members supporting the community and the development team for the future of the Fuloos making us the most affordable cryptocurrencie for merchants and users around the world making it easier to pay for services, friends or employees with almost instant transactions. Our main infrastructure is backed by multiple dedicated nodes to insure our network never goes down and allowing users to use Fuloos Coin any time of the day providing a secure and reliable environment for merchants with no downtime what's so ever.
Where can I buy Fuloos Coins?
Here's a list of the current exchange platforms that allow you to trade FLS with different cryptocurrencies:
We are hoping to be listed on many more exchanges over the coming weeks to improve the accessibility of purchasing coins and daily trading for Fuloos. Any other questions regarding this? Please, contact one of the team members in one of the social chats we provide.
What is staking?
Staking also known as Proof-of-Stake or POS, is the ability for Fuloos Coin holders to earn interest on their funds with our inbuilt stake-miner into our desktop wallets which allows our network to run smoothly with our community support by validating transactions or by mining blocks just by keeping your wallet open. For example, if I had 1000 Fuloos Coin's and if the transaction's dates have been longer than seven days, I could potentially earn 0.85 Fuloos Coin's every 10 minutes. Technical Specifications:
Minimum Stake Age : 24 Hour
Maximum Stake Age : 7 Days
If you would like to know more information about staking your funds, you can use our own calculator to find out how much you can earn. Proof-of-Stake Calculator
Where can I store my coins?
There are several options on places to store your coins, starting from the exchange platforms which have inner wallets like Stocks.Exchange. However, the most secure way to store your coins is to keep it in outside wallets. Here’s a list of wallet options to store your coins:
Official Web-Wallet (Coming soon, beta version released)
Official Mobile Wallets (Coming very soon, still in development)
Official Merchant Platform (Will be released within the coming weeks)
Choose the best option that is suitable for you and don’t feel shy to ask us for help when setting up your wallet. Please, understand that your wallet is a source where you store your funds. Take it seriously, use all the available protection methods (backups, 2FA, complicated passwords).
Are there any local communities presented in my native language?
Definitely, Fuloos Coin is a cryptocurrencie with supporters all over the world. Be the first one to hear news in your native language and meet other users in our community! You can see our community managers via our official team page on our website and also can ask questions in our chats to speak one of the community managers directly, if you have any suggestions for the Fuloos Team or your local community.
Can I use Fuloos Coin as a payment method? Is it possible to spend the coins in a store, shop, hotel, etc.?
Of course, you can purchase items or buy goods/services using Fuloos. We are currently working on our new merchant platform which will allow online store owners to accept Fuloos easily using a created plugin by our development team. Popular E-commerce Platforms will be supported:
And many more...
If you are a developer and would like to help create service or integrate Fuloos into your own website, you can use the created PHP Class created by LiteSpeed to make it easier to install and use, there will also be a c++ version released soon for programs integration. https://github.com/LiteSpeedDev/FuloosRPC/
Social Links & Community Chats.
Following our social media and joining our community chats will allow you to keep up to date with the Fuloos Development and News relating to Fuloos Partners and Announcements.
The Fuloos team is glad to welcome every new user into our community. Join our family to be a part of one of the most prospective cryptocurrencies and enjoy it! Yours truly, LiteSpeed, CryptoKnight & the Fuloos Team.
He started with little to no product or business experience.
The product went somewhat viral - he sold all 1,000 units within 25 days of launch.
Has since launched hundreds of unique products.
Here's the interview - hope you enjoy:
Hello! Who are you and what are you working on?
Hi, my name is Jeff Phillips and I am the inventor of the Beardo beard hat. We started out with one product which is our patented hat with a detachable beard (the Beardo), but have since launched hundreds of unique products and have even moved into branded promotional products. Beardo really started out as a bit of a gamble and we never really took it that seriously. I knew the Beard hat was fun and functional and that I really liked it, but my friends weren’t so convinced that others would feel the same and actually purchase it. I really just trusted my gut and went for it. I am glad I did because within the first 25 days of launch we had sold out of our entire years stock of 1,000 units, and pulled in over $40,000. What our product looks like
What's your backstory and how did you come up with the idea?
I suppose I get my creativity from my Dad and Grandpa. They both were always looking for ways to improve things and generally just liked working with their hands. I’ll never forget the day my dad designed a ‘can crusher’ so that our recycling didn’t take up so much space. He never wanted to put it to market or anything like that, but just wanted it for himself. When he saw that someone had released one a few months later and was probably making millions on it, he was pretty annoyed! Like Dad and Grandpa, I am constantly thinking of crazy inventions and edits around the house to make life simpler. It’s not something I can turn off, so I started writing my ideas down in a journal. I guess it was just a matter of time until one of us went into mass production with a crazy invention! The Beardo came about organically and out of sheer necessity. At the end of 2006, I was snowboarding in Whistler, and it was an absolute chiller of a day. We had made our way to the top of a run called ‘7th heaven’ and I was certain that the wind was going to be the end of me. I had this old brown knit scarf in my bag and had tied it around my face to stay warm. About halfway down we stopped on the side for a bit of break and instead of taking off the scarf, I just spread a hole in the knit and popped my water bottle through to take a drink… one of our group cracked up laughing because it looked like a real beard! I got back to where we were staying, cut the scarf up to refine the beard a bit and the first Beardo beard was born! I used it a few more times until I got some better prototypes knit, and the true form took shape into the World’s only hat with a foldaway, detachable and adjustable beard! I did keep the original though and I have been meaning to get it framed to hang on my wall!
Describe the process of designing, prototyping, and manufacturing the product.
Though I didn’t have any design experience, I had run a few small businesses before and knew a little about graphic design as well. I also had a couple degrees (B.A and a film and TV diploma) that gave me a lot of great experience and the know-how to do things myself. All of these experiences really came in handy while designing the beard hat because it helped limit the startup budget. When this really started to take off, I was living in a friends garage to save a bit of money. We had no internet and things were pretty tight. Getting Beardo off the ground with trademarks, patents, and web design was costly, so again I did a lot of it myself and leaned on friends for help when needed. I remember that I used to drive around the suburbs with my laptop open trying to find a wireless internet signal that was unlocked! Most of the designing, patents, and trademarks were created in my wagon. I remember one house must have picked up on what I was doing because I had been in front of their place for a week when they started to peer out the window and the next time I went back the free wifi was no more. The design process was pretty straightforward though, it was easy enough to get an actual knit prototype made and from there I went off looking on Google for manufacturers. My early focus was to stay in Canada, but after seeing the quality issues with the first round of samples and a price tag of more than I could sell them for, I had to look elsewhere. I ended up finding some great companies in asia who specialize in knitwear and went back and forth for a while before deciding that they were a great company to work with. After getting the patents, trademarks, website design and the first batch of beard hats, I had spent about $8,000 and was ready to launch. I still wasn’t sure what would happen, but I figured that at worst case, I could take the beard out of these really nice knit hats and sell them to a store for cost. That was my backdoor if the whole thing crashed and burned.
Describe the process of launching the online store/business.
I’ve seen a lot of changes since I started Beardo and there are definitely a lot more people launching sites and small brands. I think it’s great and it makes things that much easier to get going, but it also means you have a lot of competition and you need a point of difference. Luckily for me, I had created a unique product so I didn’t have to contend with any similar businesses. The best advice I can give is that before launching you need to have a rollout plan in place. A lot of people think that getting the site and product made is the hard part and that all you have to do is wait for orders to roll in. In reality, the launch and promotion are the hard parts. Before going live, you should be ready to contact media (local and otherwise), start advertisements, run promotions, send out free samples to bloggers and influencers and keep pushing and expanding your reach every day. For example, one major undertaking was to search for direct email contacts for all the magazine, Newspaper, TV, and University newspaper editors that I could find. Then one by one, I hit them up and try to get a story, collaboration or even a paid ad. Below is a short list of some of the neverending projects I would also work on in those early days:
Facebook Pages: Write on walls/hockey teams, fan clubs, and ski pages.
Bloggers: Find some and pitch them an angle (ie. winter is coming), free gear or reviews.
Free magazines to be included in (movie theatre mags etc)
Paid Magazine editors (UK, USA, CAN)
University/college paper editors - Stories or collaboration/contests.
Newspaper editors - Angle: "Lead into winter".
Playoff Beard Promos: Hit up hockey teams, shops, etc.
Ski Season Promos: Hit up slopes, shops, events, etc.
Look for and contact retailers for wholesale accounts.
Look into potential of running market stalls and mall kiosks.
Daily deal sites: Reach out to them.
Tradeshows: Organize and set some up.
Now I am not saying that you need to have everything ready to go before you launch, but you need a rough plan. Truth is you’ll never launch if you try to get everything all lined up. it’s going to be messy and constant and that’s ok. Just roll with it and keep planning and pushing. I had a pretty good plan in place but was really surprised when the first order came in - it was from South Korea! It seems my planning had worked and Beard hats were quickly picked up by global bloggers and the media, which was unreal! The best part was, after only one live-to-air interview on the Canadian news, it quickly went viral and more and more bloggers and ‘cool product’ sites started listing the Beardo.
What has worked to attract new customers?
Without a huge media boost, it can be tough to get new customers. I would always keep a list of ideas I had, or things I saw that other brands were doing that seemed to work. That pretty much became my neverending to-do list. The MOST exposure and returns we have seen were directly resulting from being featured by the big fish like ‘Good Morning America’, our Kickstarter, or our appearance on ‘Dragons Den’ and also having exposure from celebrities. A company called FAB (daily design deals) liked our product so much that they used it in their online campaign in 2011/12 which resulted in HUGE social media growth and a lot of sales. One thing leads to another though, so the more exposure you can get will almost certainly lead to more and more. It’s kind of a snowball effect, and that’s what you want. Out of everything we do, social media and SEO are consistently the best returns for us. When you set up your website, the first thing you should think about is SEO, and making a list of all your top keywords is just a small part of that. There are some really great google SEO guides out there and I recommend that anyone starting out should take night classes or online course for the basics, like: SEO. blogging for business, HTML, photoshop, photography. A good place to start for SEO are on the guides that Google provides. SEO is constant and you need to keep on top of it. Not only in terms of your site changes, but also google is constantly changing their own algorithms and with that, suggestions to improve your strategy. One thing I would recommend everyone do is to start following @SEOMOZ and even signing up for a trial. You’ll learn alot about SEO really quickly and it’s a great way to look into what your competitors are doing too.
How is everything going nowadays, and what are your plans for the future?
I joke with friends that I thought Beardo would be a short-lived business, and beard hats would be a fad that would be dead in 12 months. I don’t think anyone thought it would do so well, or be around so long. As long as I am still meeting people who have never seen it yet, there is always room to continue. Today, Beardo has warehouses in 5 countries and has a range of over 140 fun and functional winter headwear products and we are always coming up with new ideas! We do have plans for new products, but they are top secret!
Through starting the business, have you learned anything particularly helpful or advantageous?
As I said earlier, I have seen a lot of changes in the e-commerce space and I think the number one regret I have is not blasting Facebook ads more. When I first started advertising beard hats on facebook it was just to grow the fanbase as the objectives today simply didn’t exist. I started out with about $10-20 a day and at a cost of about $0.01- 0.02 per fan - it grew really fast! Back then I thought $70-140 a week was quite a lot of money to spend on advertising, and kinda thought things would stay the same… I was dead wrong. Facebook changed their algorithm and cost per reach, which basically means to get that same fanbase growth you would have to spend thousands a day. It’s also now nearly impossible to speak to your own fans through organic reach with your posts without paying, so that’s a big bummer. Back when we had 10k fans, we would get 500-1000 likes per post. Now we have 330k and are lucky if we get 10 likes. We should have been focused more on channeling our fans into email subscription as it allows for a direct method for contact. I think there is no real model for success that covers all brands and products, you really never know what will work and what will fail and just because something works for one brand doesn’t mean it can be reproduced. You should try everything and don’t be afraid of failure and definitely don’t get hung up on failure. Move forward and try your next idea. If you are out of ideas, Google, follow others or ask around. I think a major attribute of a successful entrepreneur is not just driven but creativity and the ability to think outside of the box, so trust your weird ideas.
What platform/tools do you use for your business?
We now use Shopify because it is nearly impossible to crash it! We have tried and have even had hundreds of thousands of concurrent visitors on the site with no issues. Not even a flicker. One of my friends just had her bikini site crash last night because she wasn’t prepared for a big rush of visitors and it’s been down for nearly 15 hours now. Do yourself a favor and go with Shopify. We also use the Product Upsell App through Shopify as well as discounts, reviews, and BitPay which allows people to pay using bitcoin and other cryptocurrencies. We also accept Paypal and Shopify payments too.
What have been the most influential books, podcasts, or other resources for your business?
I really liked the 4-Hour Workweek by Timothy Ferris. It’s a bit of fiction, but gets you thinking out of the box! Besides that, I don’t really look for business motivation. I am more interested in design inspiration, so I just look at lots of strange art, and try to travel as much as possible to open my mind to new ideas.
Advice for other entrepreneurs who want to get started or are just starting out?
If you are looking to start out online, you should remember that simple is better. When designing your website try to make it as streamlined as possible. That goes for product design, packaging and ads as well! Simple is better and trial and error is the key, so keep testing. Some issues I see are things like spending too much money before you have even started. These days you can start with an idea and turn it into millions before you even have product! Just look at Kickstarter.com. It’s a perfect place to launch and trial your product or idea to see if others are even interested. If it gets funded, perfect! If not, you hopefully haven’t spent too much and can move to the next idea. We did a kickstarter of our own in 2013 and it was the reason we were able to launch our line of ski masks! You can also start out on the cheap by selling on a platform like Etsy and try to grow a fanbase and revenue that way before blowing your paycheque on a fancy website. Things like patents and trademarks are important but easily done without spending tens of thousands on legal fees. Trademarks are especially easy, so before getting a lawyer, check it out yourself! The most important thing is to trust your gut and go with it. There are lots of people out there with great ideas but who are too afraid to start. Interview at https://www.starterstory.com/beardo-beard-hat
Blockchain Use Cases: Cryptocurrency Is Not All That Blockchain Is For
Tosay that the blockchain technology is one of the most outstanding innovative developments of this century is to say nothing. Associations with cryptocurrency, mainly with BTC, arise automatically when talking about blockchain use cases. But this concept of technology quickly becomes obsolete. More and more people see that the decentralization and transparency that accompany it have every chance to turn many industries upside down. In this article, we will look at the different blockchain benefits.
Unexpectedly, right? But, yes, this is the industry that has been using blockchain successfully for several years already! But the fact is that a lot of large Walmart-like retailers are joining forces with IBM to integrate the blockchain into their food management system. What is the purpose? One of the most important questions we should ask when eating food is: “What is its source?”. On October 6, 2006, many US states suffered a massive outbreak of E. coli. The source? Spinach! Source: https://princebalto.fandom.com/wiki/Popeye About 199 people were infected, 22 of them are children under 5 years old. As a result, 3 people died; one of them was a child of 2 years. One supplier. One farm. One lot. So, what happens when the blockchain is used to keep all food data reporting? Recall that the data in the blockchain is available to everyone; there is no centralized power controlling them. According to Frank Yiannas, the advantages of transparent management of the food products system are diverse: Strongly increases food safety. Guarantees the availability of more fresh food, because no one will risk sending stale food to an open system. Reduces the amount of food waste, because absolutely all food products are recorded. Eliminates fraud in the food industry because the system is publicly available. Stimulates a responsible attitude among food producers, because they know that their machinations will not go unpunished.
I believe, if there is no voting, then the concept of “democracy” doesn’t even exist. Countries around the world have used paper bulletins for a long time. However simple the concept may be, many problems can arise — human factor is the first. To fight against them, developed countries as Estonia applied the digital voting system. However, several possible problems were identified as well: The user’s computer may be infected with malicious code that reads every single vote and changes the vote in favor of another candidate. An attacker can directly infect servers with the help of malicious code on the DVD for installing servers and transferring votes. As long as the Estonian Information Systems Authority criticizes and fights against these problems, the fact remains that a centralized server that monitors voting can be exposed to numerous attacks and hacks. So, there are companies such as “Follow My Vote” that use blockchain benefits in full to bring voting to the 21st-century level. Each potential voter can safely log in using a webcam and a state-issued ID. You’re welcome to read more about the project and its technical side: asymmetric cryptography and 2 types of keys — followmyvote.com. A recent example is the first municipal elections on the blockchain held in West Virginia, USA. It was possible to vote from anywhere without any absentee ballots. The authorities also considered the use of technology during the big congressional elections. In March 2018, with the support of the blockchain company, the presidential elections in Sierra Leone also took place. The head of the company involved in the counting of votes hurried to please his Telegram subscribers that his specialists turned out to be more agile and published the results two hours before the local CEC.
Taxes, Public Services, and Document Flow
Transparency and immutability again come handy what expands blockchain use cases. The public sector is a complex and inert mechanism while remaining a centralized system. From the development of this system depends on the effectiveness of public administration as such, uniform coverage of public services needs of the population and entrepreneurs. The main benefits of technology implementation are expected to reduce operating costs. reduction of settlement time risk reduction increase in the possibility of obtaining additional income. Estonia, which is the leader in the implementation of e-government services, together with the blockchain-startup Guardtime, is introducing the creation of a single database of medical books for the population, which will be available for the exchange of information to clinics, as well as to insurance companies. In Ghana, in early 2016, Bitland project received official permission from the Ghanaian government to compile a land registry based on the Bitshares blockchain and released CADASTRAL, basic tokens. With their help, it will be possible to register land rights, resolve disputed land tenure issues, sell and buy land. The Florida State Taxation Authority announced a partnership with BitPay processing service to start accepting taxes and fees for property, driver’s licenses, identification cards, car plates, and other documents in Bitcoin and Bitcoin Cash. India has studied the blockchain technology as a possible solution to its problems with the registration of real estate. In 2013, New Delhi alone reported 181 registered cases of real estate fraud, Mumbai is close to this figure with its 173 cases. To combat this problem, the governments of the states of Andhra Pradesh and Telangana entered into a partnership with the Swedish startup ChromaWay to transfer the registration of real estate to the blockchain. The system will have a back-end on the blockchain and a front-end in a web application.
Finances and Business
The use of technology in banking operations is illustrated by a transactionconducted by HSBC and the Dutch ING Bank. To deliver the goods from Argentina to Malaysia, they issued a letter of credit through the blockchain-platform R3 Corda and completely avoided any paper documents. Just think for a second, two large banks preferred to use blockchain to conduct a transaction! Unbelievable! Instant network updates is a virtue that will make financial transactions faster, easier, and more reliable. Of course, there is no business aside. Such a giant as Microsoft has let the blockchain enter its corporate networks. Having replenished your account, you can now buy software, movies, games, and applications for Xbox for BTC. Another pillar of commerce — the online platform for retailers and online stores Shopify — has added bitcoin payments to its functionality. Thousands of platform-using stores are already accepting them, using speed and, again, a low transaction fee. Fundraising. If ICOs are already a relic of the past, the blockchain industry makes a step ahead to introduce a new form of crowdfunding — STO (Security Token Offering) on Securities Exchange Platforms. A new fundraising method combines the simplicity of ICO and reliability of IPO. Any project from any industry can now start STO program to raise funds for further development. As you can see, blockchain use cases are not limited to finances. We consciously tried to indicate the areas of application as far as possible from the cryptocurrency :). We hope that this guide about the possibilities of the wonderful revolutionary technology of the blockchain will enlighten and inspire you. So, while regulators write laws and try to fit distributed registries into the legislative framework, many organizations in different countries of the world boldly use blockchain benefits, bringing the day when the word “blockchain” will cease to be something vague and gray, and this technology will change the lives and work of people for the better. https://medium.com/altcoin-magazine/blockchain-use-cases-cryptocurrency-is-not-all-that-blockchain-is-for-155468af881b
Note: New Reddit look may not highlight links. See old look here. A copy is hosted on GitHub for better reading experience. Check it out, contains photo of the month! Also on Medium
dcrd: Significant optimization in signature hash calculation, bloom filters support was removed, 2x faster startup thanks to in-memory full block index, multipeer work advancing, stronger protection against majority hashpower attacks. Additionally, code refactoring and cleanup, code and test infrastructure improvements. In dcrd and dcrwallet developers have been experimenting with new modular dependency and versioning schemes using vgo. @orthomind is seeking feedback for his work on reproducible builds. Decrediton: 1.2.1 bugfix release, work on SPV has started, chart additions are in progress. Further simplification of the staking process is in the pipeline (slack). Politeia: new command line tool to interact with Politeia API, general development is ongoing. Help with testing will soon be welcome: this issue sets out a test plan, join #politeia to follow progress and participate in testing. dcrdata: work ongoing on improved design, adding more charts and improving Insight API support. Android: design work advancing. Decred's own DNS seeder (dcrseeder) was released. It is written in Go and it properly supports service bit filtering, which will allow SPV nodes to find full nodes that support compact filters. Ticket splitting service by @matheusd entered beta and demonstrated an 11-way split on mainnet. Help with testing is much appreciated, please join #ticket_splitting to participate in splits, but check this doc to learn about the risks. Reddit discussion here. Trezor support is expected to land in their next firmware update. Decred is now supported by Riemann, a toolbox from James Prestwich to construct transactions for many UTXO-based chains from human-readable strings. Atomic swap with Ethereum on testnet was demonstrated at Blockspot Conference LATAM. Two new faces were added to contributors page. Dev activity stats for May: 238 active PRs, 195 master commits, 32,831 added and 22,280 deleted lines spread across 8 repositories. Contributions came from 4-10 developers per repository. (chart)
Hashrate: rapid growth from ~4,000 TH/s at the beginning of the month to ~15,000 at the end with new all time high of 17,949. Interesting dynamic in hashrate distribution across mining pools: coinmine.pl share went down from 55% to 25% while F2Pool up from 2% to 44%. [Note: as of June 6, the hashrate continues to rise and has already passed 22,000 TH/s] Staking: 30-day average ticket price is 91.3 DCR (+0.8), stake participation is 46.9% (+0.8%) with 3.68 million DCR locked (+0.15). Min price was 85.56. On May 11 ticket price surged to 96.99, staying elevated for longer than usual after such a pump. Locked DCR peaked at 47.17%. jet_user on reddit suggested that the DCR for these tickets likely came from a miner with significant hashrate. Nodes: there are 226 public listening and 405 normal nodes per dcred.eu. Version distribution: 45% on v1.2.0 (up from 24% last month), 39% on v1.1.2, 15% on v1.1.0 and 1% running outdaded versions.
Obelisk team posted an update. Current hashrate estimate of DCR1 is 1200 GH/s at 500 W and may still change. The chips came back at 40% the speed of the simulated results, it is still unknown why. Batch 1 units may get delayed 1-2 weeks past June 30. See discussions on decred and on siacoin. @SiaBillionaire estimated that 7940 DCR1 units were sold in Batches 1-5, while Lynmar13 shared his projections of DCR1 profitability (reddit). A new Chinese miner for pre-order was noticed by our Telegram group. Woodpecker WB2 specs 1.5 TH/s at 1200 W, costs 15,000 CNY (~2,340 USD) and the initial 150 units are expected to ship on Aug 15. (pow8.com – translated) Another new miner is iBelink DSM6T: 6 TH/s at 2100 W costing $6,300 (ibelink.co). Shipping starts from June 5. Some concerns and links were posted in these twothreads.
A new mining pool is available now: altpool.net. It uses PPLNS model and takes 1% fee. Another infrastructure addition is tokensmart.io, a newly audited stake pool with 0.8% fee. There are a total of 14 stake pools now. Exchange integrations:
Upbit added DCKRW and DCUSDT pairs. A user reported that DCR deposits and withdrawals are now available.
CoinEx announced the launch of DCBTC and DCBCH pairs.
Bleutrade added DCUSDT pair. Note their reply to our tweet. It was the first exchange to list Decred minutes after launch.
Brazilian exchange OmniTradeadded DCBRL fiat pair following a poll. Worth noting that it is one of the first to integrate Trezor sign-in.
There are reports that DCR was added to Abucoins and Tor Exchange but we don't know much about them.
OpenBazaar released an update that allows one to trade cryptocurrencies, including DCR. @i2Rav from i2trading is now offering two sided OTC market liquidity on DCUSD in #trading channel. Paytomat, payments solution for point of sale and e-commerce, integrated Decred. (missed in April issue) CoinPayments, a payment processor supporting Decred, developed an integration with @Shopify that allows connected merchants to accept cryptocurrencies in exchange for goods.
michae2xl: Voto Legal: CEO Thiago Rondon of Appcívico, has already been contacted by 800 politicians and negotiations have started with four pre-candidates for the presidency (slack, source tweet)
Blockfolio rolled out Signal Beta with Decred in the list. Users who own or watch a coin will automatically receive updates pushed by project teams. Nice to see this Journal made it to the screenshot! Placeholder Ventures announced that Decred is their first public investment. Their Investment Thesis is a clear and well researched overview of Decred. Among other great points it noted the less obvious benefit of not doing an ICO:
By choosing not to pre-sell coins to speculators, the financial rewards from Decred’s growth most favor those who work for the network.
One project that stands out at #Consensus2018 is @decredproject. Not annoying. Real tech. Humble team. #BUIDL is strong with them. (@PallerJohn)
Token Summit in New York, USA. @cburniske and @jmonegro from Placeholder talked "Governance and Cryptoeconomics" and spoke highly of Decred. (twitter coverage: 12, video, video (from 32 min)) Campus Party in Bahia, Brazil. João Ferreira aka @girino and Gabriel @Rhama were introducing Decred, talking about governance and teaching to perform atomic swaps. (photos) Decred was introduced to the delegates from Shanghai's Caohejing Hi-Tech Park, organized by @ybfventures. Second Decred meetup in Hangzhou, China. (photos) Madison Blockchain in Madison, USA. "Lots of in-depth questions. The Q&A lasted longer than the presentation!". (photo) Blockspot Conference Latam in Sao Paulo, Brazil. (photos: 1, 2) Upcoming events:
The Long-Term Bullish Case for Decred by Ben Davidow (medium.com)
Hardware Companies Are Launching Dedicated ASIC Miners for Decred (btcmanager.com)
Iterative Capital partner Chris Dannen and journalist Ben Schiller speak with Marco and Jonathan from Decred at Consensus 2018 (soundcloud)
Decred Review: What is DCR, the Decred Community & Possible Challenges by BitBoy Crypto (youtube)
Decred Founder: Bitcoin Paved Way, Phase 2 Will Shock You! (Marco Peereboom) by Pure Blockchain Wealth (youtube)
Decred & Blocknet: Revolutionary governance for every community feat. JZ at Consensus 2018 (youtube)
Decred coin - Will it be better than Bitcoin? by Bitassist (youtube)
Community stats: Twitter 39,118 (+742), Reddit 8,167 (+277), Slack 5,658 (+160). Difference is between May 5 and May 31. Reddit highlights: transparent up/down voting on Politeia, combining LN and atomic swaps, minimum viable superorganism, the controversial debate on Decred contractor model (people wondered about true motives behind the thread), tx size and fees discussion, hard moderation case, impact of ASICs on price, another "Why Decred?" thread with another excellent pitch by solar, fee analysis showing how ticket price algorithm change was controversial with ~100x cut in miner profits, impact of ticket splitting on ticket price, recommendations on promoting Decred, security against double spends and custom voting policies. @R3VoLuT1OneR posted a preview of a proposal from his company for Decred to offer scholarships for students. dcrtrader gained a couple of new moderators, weekly automatic threads were reconfigured to monthly and empty threads were removed. Currently most trading talk happens on #trading and some leaks to decred. A separate trading sub offers some advantages: unlimited trading talk, broad range of allowed topics, free speech and transparent moderation, in addition to standard reddit threaded discussion, permanent history and search. Forum: potential social attacks on Decred. Slack: the #governance channel created last month has seen many intelligent conversations on topics including: finite attention of decision makers, why stakeholders can make good decisions (opposed to a common narrative than only developers are capable of making good decisions), proposal funding and contractor pre-qualification, Cardano and Dash treasuries, quadratic voting, equality of outcome vs equality of opportunity, and much more. One particularly important issue being discussed is the growing number of posts arguing that on-chain governance and coin voting is bad. Just a few examples from Twitter: Decred is solving an imagined problem (decent response by @jm_buirski), we convince ourselves that we need governance and ticket price algo vote was not controversial, on-chain governance hurts node operators and it is too early for it, it robs node operators of their role, crypto risks being captured by the wealthy, it is a huge threat to the whole public blockchain space, coin holders should not own the blockchain. Some responses were posted here and here on Twitter, as well as this article by Noah Pierau.
The month of May has seen Decred earn some much deserved attention in the markets. DCR started the month around 0.009 BTC and finished around 0.0125 with interim high of 0.0165 on Bittrex. In USD terms it started around $81 and finished around $92, temporarily rising to $118. During a period in which most altcoins suffered, Decred has performed well; rising from rank #45 to #30 on Coinmarketcap. The addition of a much awaited KRW pair on Upbit saw the price briefly double on some exchanges. This pair opens up direct DCR to fiat trading in one of the largest cryptocurrency markets in the world. An update from @i2Rav:
We have begun trading DCR in large volume daily. The interest around DCR has really started to grow in terms of OTC quote requests. More and more customers are asking about trading it.
Like in previous month, Decred scores high by "% down from ATH" indicator being #2 on onchainfx as of June 6.
David Vorick (@taek) published lots of insights into the world of ASIC manufacturing (reddit). Bitmain replied. Bitmain released an ASIC for Equihash (archived), an algorithm thought to be somewhat ASIC-resistant 2 years ago. Threepure PoWcoins were attacked this month, one attempting to be ASIC resistant. This shows the importance of Decred's PoS layer that exerts control over miners and allows Decred to welcome ASIC miners for more PoW security without sacrificing sovereignty to them. Upbit was raided over suspected fraud and put under investigation. Following news reported no illicit activity was found and suggested and raid was premature and damaged trust in local exchanges. Circle, the new owner of Poloniex, announced a USD-backed stablecoin and Bitmain partnership. The plan is to make USDC available as a primary market on Poloniex. More details in the FAQ. Poloniex announced lower trading fees. Bittrex plans to offer USD trading pairs. @sumiflow made good progress on correcting Decred market cap on several sites:
speaking of market cap, I got it corrected on coingecko, cryptocompare, and worldcoinindex onchainfx, livecoinwatch, and cryptoindex.co said they would update it about a month ago but haven't yet I messaged coinlib.io today but haven't got a response yet coinmarketcap refused to correct it until they can verify certain funds have moved from dev wallets which is most likely forever unknowable (slack)
About This Issue
Some source links point to Slack messages. Although Slack hides history older than ~5 days, you can read individual messages if you paste the message link into chat with yourself. Digging the full conversation is hard but possible. The history of all channels bridged to Matrix is saved in Matrix. Therefore it is possible to dig history in Matrix if you know the timestamp of the first message. Slack links encode the timestamp: https://decred.slack.com/archives/C5H9Z63AA/p1525528370000062 => 1525528370 => 2018-05-05 13:52:50. Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research. Your feedback is precious. You can post on GitHub, comment on Reddit or message us in #writers_room channel. Credits (Slack names, alphabetical order): bee, Richard-Red, snr01 and solar.
We are very excited to announce the availability of beta sign-ups for a new Bitcoin Cash-only online shopping cart and e-commerce platform! We're truly grateful for this community support and would love to have you join our beta at BitAccept.cash The reason we're building BitAccept is because we believe BCH is the future of cash and wanted a way to help us earn and spend Bitcoin Cash for digital goods, physical products, and so much more. The original idea was realized because we could not find a simple and elegant way to accept BCH via 0-confirmation while retaining our own private keys to keep our funds in full control for selling online. Therefore, with BitAccept, you will always control your own funds 100% and keep the full earnings with no percentage based fee. Features: - Sell digital goods such as ebooks, music, and media with a few clicks - List and sell physical products for sale - Embed 'buyable widgets' with no web or developer experience needed - Full control of your funds (Using xpub/xpriv keys) - 0% Commission. - Donation and Tip buttons - Full styling and customization - (Future) Additional e-commerce plugins for Shopify, WordPress, and more Business Model: We will offer the service for free for low transaction volumes for free forever. To earn revenue to keep running after launch, we will charge a modest flat fee for each of our monthly plans for higher transaction volumes starting at $15 USD/month...paid in BCH. You get to keep 100% of your funds and we take a 0% commission. Simple as that. Contact BitAccept.cash https://twitter.com/BitAccept bitcoincash:qq20tu97t0mpxt0s809hc4mn93s4x8knrq70cn6kqt Thank you all in advance and we look forward to creating something truly amazing together! BitAccept
Shopify Integration Plugin. Accept bitcoin on your Shopify store with BitPay's one-click integration. Integration Requirements. Get started by signing up for a BitPay merchant account. Connecting BitPay and Shopify. Log in to your BitPay merchant dashboard and create an API Token in your BitPay merchant dashboard After you enable a payment method that supports cryptocurrencies, you can accept Bitcoin, Ethereum, Litecoin, amongst 300+ digital currencies. Note. You'll still be charged transaction fees each time a customer makes a purchase using this payment method, unless you also activate Shopify Payments. S hopify is one of the largest ecommerce platforms on the internet. Operating your store on Shopify means you’ll get good support, efficient software, and strong name recognition. Now you can accept Bitcoin on Shopify stores too! With Blockonomics’ Direct to Wallet feature, your Bitcoin sales will be secure, safe, and quick. Unlike other payment solutions, Bitcoin or otherwise ... Here we’re going to talk you through the steps of setting up your checkout so you can safely accept Bitcoin with Shopify. Customers looking to Buy Bitcoin Mining Hardware should check out StrikeMine. Step 1 – Open a Shopify Store . The first thing you’ll need is a Shopify store so if you haven’t got one now is the time to open a demo store. It will take you around 10 mins to do this ... Accept Bitcoin on Shopify with the BTCPay server Starting with v188.8.131.52 you can now finally accept Bitcoin payments in your Shopify store via BTCPay Server! BTCPay Server has a great manual and a YouTube video about it. Coincharge have tried Shopify with BTCPay Server, it works great. We have...
How to Accept Bitcoin Payments, ... How To Accept Bitcoin on Shopify - Duration: 10:21. Matthew Sabia 15,550 views. 10:21. How To Send And Receive Bitcoin With Coinbase - Duration: 8:01. Dusty ... Anyone see Mark Zuckerberg's Facebook Shop call with the CEO of Shopify? Well, big things are in the works and crypto is going on the ride! 300+ cryptos will soon be accepted at Shopify through ... This is how you can accept Bitcoin and other cryptocurrencies in your Shopify store. I’ll show you how to accept payments with Bitcoin, Ethereum, Litecoin, and Bitcoin Cash through your checkout ... http://ytwizard.com/r/7tNDmm http://ytwizard.com/r/7tNDmm Bitcoin And Crypto-Currencies For Shopify Store Owners What Bitcoin Is, Why Consider Accepting It A... CoinPayments.net allows you to securely use and accept Bitcoin and other cryptocurrencies through our Shopify store plugin. In this video, we walk you through a step by step tutorial on how to ...