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Blockchain/Crypto Business Models!

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GetShitDone

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Dec 20, 2012
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We're entering a gold rush.

Some say the "dot-com" of our generation.

Say what you want about Bitcoin, but Blockchain/AltCoins are the future.

Food for thought: Crypto ATMs, online exchanges, ICO platforms, etc are some business models to have popped up to serve the Crypto/Blockchain craze.

In your opinion, what is a good business model to launch during this boom period to "sell shovels during the gold rush"?
 

EricFromCanada

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The masses are becoming interested in cryptocurrencies right now because they are seeing a lot of events of people getting rich off of bitcoin and other alt coins in the media. Most people are scared of missing out on this rush and want to get in on what they think is "easy money." However, most don't understand any of the underlying technology of cryptocurrencies to make a smart investment. Simply educating people about crypto in the most convenient, easy way possible would be a good way to sell shovels right now in my opinion.
 

GetShitDone

Bronze Contributor
Dec 20, 2012
405
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Vancouver, Sydney, London
The masses are becoming interested in cryptocurrencies right now because they are seeing a lot of events of people getting rich off of bitcoin and other alt coins in the media. Most people are scared of missing out on this rush and want to get in on what they think is "easy money." However, most don't understand any of the underlying technology of cryptocurrencies to make a smart investment. Simply educating people about crypto in the most convenient, easy way possible would be a good way to sell shovels right now in my opinion.

Crypto Consultancy? Targeted towards newbies.

Perhaps something like the "Khan Academy of Crypto" so to speak.

I was thinking some sort of platform that connects all the trades of "Well known Crypto Investors" or even just good Crypto Investors to the everyday Joe crypto investor.

Eg. If "Crypto Buffet" buys ETH, then followers are alerted and make the trade as well. Obviously Crypto Buffet would agree to doing this. People could have their own Crypto Investment Funds/Trade Streams that others could follow based on their track record.
 
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EricFromCanada

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Crypto Consultancy? Targeted towards newbies.

Perhaps something like the "Khan Academy of Crypto" so to speak.
Something along those lines may work, but maybe start out with something even simpler to validate the need you are trying to solve.
What Salman Khan did before he even started Khan Academy was he uploaded math videos to YouTube for his younger cousin to tutor him in math as they lived in different cities and couldn't meet in person. Lots of people ended up getting use out of the videos and he went on to create Khan Academy because there was a need. Figure out a way to validate a need or want for it if you choose to pursue the idea before working on building an entire educational platform. But I do think that idea may have some potential. Also note it may be hard to monetize an educational platform as I know Khan Academy is a non-profit that takes donations, and Codecademy and Duolingo both have been struggling to find ways to monetize.
 
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BossBabe

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Jun 27, 2017
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Since blockchain and crypto go hand in hand, I think one of its goals is to create the next web; That is, the decentralized web or Web 3.0. Most would say it's absurd but the deep web has to be decentralized. With net neutrality at stake,it is also a reason why such tech is getting a lot of attention.

Personally, I think selling domains would be a great idea. Some of the decentralized web domains are .bit, .onion, etc. With that being said, the currency that I found was NMC or Namecoin which I have mentioned in a previous thread that I believe would be a promising cryptocurrency. The main goal of a decentralized domain name system is that it gets rid of ICANN and of course the prying eyes of the government and corps. This means you get to own your domain instead of some company called GoDaddy or Namecheap or any of those web hosting companies. It is P2P which makes it safer and more secure. Most importantly, it is cheaper because there's no more company to deal with.

I have seen several people selling domains already for $4.99 to $6.99 per year. Almost half the cost it would take from the centralized web. One good advantage if you start early is the fact that you will be able to acquire the common names such as computer(dot)bit or entrepreneur(dot)bit if you get lucky. Although the names are already registered to someone else. :smuggy: It's like internet in its infancy stage back in the 90s.

I'm sorry I'm not good at explaining or teaching. I hope you guys understood. -__-*
 

Genius01

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The masses are becoming interested in cryptocurrencies right now because they are seeing a lot of events of people getting rich off of bitcoin and other alt coins in the media. Most people are scared of missing out on this rush and want to get in on what they think is "easy money." However, most don't understand any of the underlying technology of cryptocurrencies to make a smart investment. Simply educating people about crypto in the most convenient, easy way possible would be a good way to sell shovels right now in my opinion.

Lol, and become a crypto "guru" like those forex gurus of old...:)
 

varifix

Contributor
Dec 22, 2017
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Central America
I like this thread idea.

I'm looking into the e-book world for crypto at the moment, working on a bit of a niche within the blockchain/crypto world and doing some FB ads to test the market for it. Will update if anything progresses.
 

terrabyte

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Nov 16, 2013
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Personally, I think selling domains would be a great idea. Some of the decentralized web domains are .bit, .onion, etc. With that being said, the currency that I found was NMC or Namecoin which I have mentioned in a previous thread that I believe would be a promising cryptocurrency. The main goal of a decentralized domain name system is that it gets rid of ICANN and of course the prying eyes of the government and corps. This means you get to own your domain instead of some company called GoDaddy or Namecheap or any of those web hosting companies. It is P2P which makes it safer and more secure. Most importantly, it is cheaper because there's no more company to deal with.

I'm sorry I'm not good at explaining or teaching. I hope you guys understood. -__-*

Ethereum Naming Services is an example of this in action.
From what I remember reading a few months ago, if you're interested in owning an ENS name (shortcut to an Ethereum address) (much like DNS is an alias between IP Numbers and a Domain Name) you start the claim on the web site, and then it goes up for auction. Unfortunately, this means someone could spend more on the very name you tried to get, but it seems more fair than today's hording & squatting option.

This system is wrapped up in Smart Contracts. If you have any interest in getting into blockchain technology as a business, I would recommend studying ENS, how it works, and why it works as a simple service inside Ethereum Smart Contract code. It's a very different way of thinking. Those people that want to make ebooks about blockchains, or a normal web site that peripherally plugs into blockchains are only dabbling in this paradigm. But those that eat their own dogfood, by developing a blockchain solution IN a blockchain will have already done half the validation process.

CodeTract - Ethereum Name Service (ENS)
ENSListing.com - Have you won any Ethereum ENS Domain Name Auctions? — Steemit
 

BossBabe

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Jun 27, 2017
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Seattle, WA
Ethereum Naming Services is an example of this in action.
From what I remember reading a few months ago, if you're interested in owning an ENS name (shortcut to an Ethereum address) (much like DNS is an alias between IP Numbers and a Domain Name) you start the claim on the web site, and then it goes up for auction. Unfortunately, this means someone could spend more on the very name you tried to get, but it seems more fair than today's hording & squatting option.

This system is wrapped up in Smart Contracts. If you have any interest in getting into blockchain technology as a business, I would recommend studying ENS, how it works, and why it works as a simple service inside Ethereum Smart Contract code. It's a very different way of thinking. Those people that want to make ebooks about blockchains, or a normal web site that peripherally plugs into blockchains are only dabbling in this paradigm. But those that eat their own dogfood, by developing a blockchain solution IN a blockchain will have already done half the validation process.

CodeTract - Ethereum Name Service (ENS)
ENSListing.com - Have you won any Ethereum ENS Domain Name Auctions? — Steemit

Thanks for the information. I will definitely look into that.
 

RedBaron

Contributor
May 24, 2018
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Los Angeles
I created a Bitcoin product to help educated people in it and not in it. Also the product is used as a promotional to people selling content.

I think that education people is a great way to get in the space, but standing out is a whole other story. There is soooo much crypto shit on Youtube and other sites like Udemy. If you can figure out a way to stand out against the crowd.

The Bitcoin stress ball lol. Worlds 1st
 

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RedBaron

Contributor
May 24, 2018
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Los Angeles
I like this thread idea.

I'm looking into the e-book world for crypto at the moment, working on a bit of a niche within the blockchain/crypto world and doing some FB ads to test the market for it. Will update if anything progresses.
Chris Burinske book is great. CryptoAssests
 

Fastlane Liam

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I created a Bitcoin product to help educated people in it and not in it. Also the product is used as a promotional to people selling content.

I think that education people is a great way to get in the space, but standing out is a whole other story. There is soooo much crypto sh*t on Youtube and other sites like Udemy. If you can figure out a way to stand out against the crowd.

The Bitcoin stress ball lol. Worlds 1st
Thats actually pretty dope
 

RedBaron

Contributor
May 24, 2018
57
33
55
Los Angeles
I think the main problem in crypto right now is security. Being able to confidently secure your funds. Alot of people have no idea how to do this. They trust the exchange and leave there money on there
 

LittleWolfie

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What problems do people have with Crypto? Solve those


Supposedly lack of stability or store of value, can't be used for payment because the value fluctuates in the short term. Although the codes here genkifs/staticoin and it's been deployed on ETH, it has not gained much intrested..

I tried to give some away and No one was intrested, even though they could change it for cash!

I guess it is becuse holding fiat valued crypto isn't sexy and rising in value. Wow so like a debit card.
 

LittleWolfie

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See I tried flogging a physical wallet, a CD with Linux and wallet pre installed, because I thought there were probably people like that. , no takers. Maybe should have played up the security angle after reading posts on here I realise it has everything needed to be an toolkit for the average Joe to ICO. (Legal) is the hardest, but we'll I can do a basic token, ICO and get on the ed exchange overnight. Most ICOs services are $50,000 to $100,000 so their not cheap, but it's mainly legal, can make a rocketpack approximation. A kit with guides, nicely formatted ought to be saleable at $1000 if there is demand at 100,000 and queues. It's mostly branding so it looks good, think posh DVD case.


Hardest part here is advertising,especially now Facebook,Google and others are clamping down on anything cryptothemed. Where you can advertise it would be hard to get above the noise. So I don't know where you would find intrested people willing and able to buy that didn't have the ability to just do it themselves.

With a local wallet it's stored here on a CD or usb stick(like Trezor or nano) the

Scammers currently sell fake or tampered hardware wallets buy it, nd sell.it on. People buy then when they make a lot of money, the sellers have control and can swipe all their savings overnight.
 

Ashish Kulkarni

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There are several problems for mainstream investors with CryptoCurrencies

1. Where can you get reliable information? I use coincheckup.com. I am sure there are other places.
2. Once you find sufficient information about a CryptoCurrency, where do you buy it? This exchange, that exchange, this website, buy this currency and convert it into that currency. Lots of things can be simplified here. For example, if I want to buy XRP for GBP, I should be able to do just that rather than having to buy ETH for EUR (GBP to EUR conversion first) and then convert ETH to XRP. One should be able to buy with least amount spent on fees. Less than 1 percent.
3. There should be more hardware wallets than the famous Ledger products and the like. I would prefer to have a wallet where the private key is stored in an encrypted manner on a USB drive and have an app that tells me the value of my investments.
4. Selling the CryptoCurrencies for GBP, USD or any other currency I prefer.

Do all this in one place with a simple interface and you have yourself a goldmine.
 

LittleWolfie

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Jun 28, 2018
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There are several problems for mainstream investors with CryptoCurrencies

1. Where can you get reliable information? I use coincheckup.com. I am sure there are other places.
2. Once you find sufficient information about a CryptoCurrency, where do you buy it? This exchange, that exchange, this website, buy this currency and convert it into that currency. Lots of things can be simplified here. For example, if I want to buy XRP for GBP, I should be able to do just that rather than having to buy ETH for EUR (GBP to EUR conversion first) and then convert ETH to XRP. One should be able to buy with least amount spent on fees. Less than 1 percent.
3. There should be more hardware wallets than the famous Ledger products and the like. I would prefer to have a wallet where the private key is stored in an encrypted manner on a USB drive and have an app that tells me the value of my investments.
4. Selling the CryptoCurrencies for GBP, USD or any other currency I prefer.

Do all this in one place with a simple interface and you have yourself a goldmine.
There are already multi coin wallets with exchange built in, put it on a flash drive and done. How much would you pay per copy of flash drive or virtual image? There seems to be little demand because people can either do it themselves or the basic user dislikes crypto.

I used a compact disc as there easier to duplicate and scale but you could do it via flash drive at a higher price point with manual installation.
 

Ashish Kulkarni

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There are already multi coin wallets with exchange built in, put it on a flash drive and done. How much would you pay per copy of flash drive or virtual image? There seems to be little demand because people can either do it themselves or the basic user dislikes crypto.

I used a compact disc as there easier to duplicate and scale but you could do it via flash drive at a higher price point with manual installation.

May I know what exchanges you are using? This is for my personal learning :)
 

LittleWolfie

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Point 2 still remains.

Yup this is the hard part, UK is a bit behind, however Add ing in any new exchange gives difficulty as your competing unless you have a captive audience think wallet integration

Click the buy XRP button, send other crypto or € via iban/SEPA just like paying a tradesman.

And then sell it back for liquid
Click the send me € button

Euros are liquid widely recognised cash.

It's interesting you mention XRP the counterpart protocol allows multiple blockchains in the same address, my testnet counterparts wallet holds xrp,btc,and my own coin.


I find gulden the best crypto for non euro, you swap them between euros quickly and easy, then you can send those to revolut, switch to your own bank and cash out.


Shapeshift, changelly,forkdelta and litebit.eu I try to avoid buying crypto except with other crypto though. ETH and XRP are my main for projects with a lot of erc20, I can just use testnet though since I'm not trading.

A tenner to pay for gas and stuff is one thing but for trading, that's not for me though, too much like gold digging.

If I was putting a large amount into crypto, (£100k+)it would be worth getting a direct pre ico investment to avoid f/x fees, though you would still have currency risk as your liquid currency would likely be the euro. At that kind of wealth level im guessing you can afford a little foreign exchange risk.
 
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MooreMillions

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Aug 16, 2008
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Atlanta
The masses are becoming interested in cryptocurrencies right now because they are seeing a lot of events of people getting rich off of bitcoin and other alt coins in the media. Most people are scared of missing out on this rush and want to get in on what they think is "easy money." However, most don't understand any of the underlying technology of cryptocurrencies to make a smart investment. Simply educating people about crypto in the most convenient, easy way possible would be a good way to sell shovels right now in my opinion.
It's this...even in January of 2019, it is still this.

I have been investing in cryptocurrency since 2011. When you majorily socialize with people that interested in what's "next" it can be easy to forget that the masses still have no idea, on Earth or in space, what cryptocurrency is.

Cryprocurrency is not even in its infancy stages, it is still embryonic, even after a decade of being available to the public.

Locate content, organize content, monetize content and keep it pushing.
There are several problems for mainstream investors with CryptoCurrencies

1. Where can you get reliable information? I use coincheckup.com. I am sure there are other places.
2. Once you find sufficient information about a CryptoCurrency, where do you buy it? This exchange, that exchange, this website, buy this currency and convert it into that currency. Lots of things can be simplified here. For example, if I want to buy XRP for GBP, I should be able to do just that rather than having to buy ETH for EUR (GBP to EUR conversion first) and then convert ETH to XRP. One should be able to buy with least amount spent on fees. Less than 1 percent.
3. There should be more hardware wallets than the famous Ledger products and the like. I would prefer to have a wallet where the private key is stored in an encrypted manner on a USB drive and have an app that tells me the value of my investments.
4. Selling the CryptoCurrencies for GBP, USD or any other currency I prefer.

Do all this in one place with a simple interface and you have yourself a goldmine.

And here is a great blueprint for a MINIMUM of 4 videos/podcasts/articles for you to get started.

In this era of information publishing, it is really this easy.
 

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