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Total Economy: 0.08 USD
how do we bootstrap to 1 billion bitcoin wallets?
having an app that actually let you earn easily some cents
I think the way it has to spread is just people giving their friends a penny. We were doing fine at that, years ago, that's why "Bitcoin" exploded as a meme and everyone's heard of it. Unfortunately there's this bizarre bait-and-switch fake Bitcoin confusing everyone. So we're in this awkward situation where when we try to give people a penny worth to show them how simple it is, they can't tell the difference between that and all the fake useless bullshit chains. It's really off-putting to have such a confusion in the way when you're trying to teach someone a new technology, which is confusing enough in itself. But I feel like at any moment that memetic landscape could shift. Once that shifts and people are trying to get BSV, it's easy enough to get everyone involved, since it's so cheap, if you give someone a penny they can split their penny with a few of their friends and try it out.
synfonaut tipped:
0.06 USD
2 years ago
distribution is important. many "stupid" 90's Internet startups are working fabulously today.... why? in the 90s there were XX million Internet customers, today there are 2 billion many Bitcoin ideas will work well at scale, but we have the "chicken and the egg" problem of bootstrapping markets. what kinds of projects could bootstrap Bitcoin to 1 billion wallets?
pete tipped:
0.02 USD
2 years ago
jas replied:
When the Amazon mTurk first came out in 2005, not a lot of people knew about it. I read about it in a thread on the Something Awful forums and signed up; the idea was basically a marketplace for microtasks like transcribing an audio clip or translating a paragraph of text from a German medical book or whatever. Most of these tasks were usually not worth the effort... Except for the ones where you had to look at nine pictures in a grid and check the boxes that had the McDonald's or the trashcan or the gas station or the stopsign in it. Sound familiar? Anyways, I got something like half a cent for each proto-CAPTCHA that I completed correctly. Eventually someone made an Opera plug-in that allowed one to finish hundreds of these tasks per hour--- some were making as much as $40/hour, or so they claimed. Everything got paid out at the end of the day in Amazon Gift Cards (although I vaguely remember a 30% premium on PayPal withdrawals). At the time, I was in eighth grade.
jas replied:
(Hit comment by accident) At the time, I was in eighth grade. I had never made money on the Internet before. I spent a couple weekends doing these tasks and made, like, $500 or so. It was really cool and felt futuristic (albeit mindless). Soon these tasks started disappearing from the marketplace as more people piled in and built more sophisticated browser plug-ins for maximum picture-clicking and the mTurk became, once again, pretty much a waste of time. I see bitcoin as a snowball rolling down a hill. As it gets bigger and bigger, more people are drawn in for the simple fact that they want to make money on the Internet. I think the project that will bring a billion bitcoin wallets will be something like the mTurk.
john replied:
What if you could do 5 minutes of creative pleasurable artistic work but have the chance to get paid for it forever— like making a movie but with 5 minutes of time and zero monetary expenditure?
jas tipped:
0.01 USD
2 years ago