Cryptocurrency mass adoption is not something we can sit back and wait for. Crypto mass adoption is not a question of "when it happens." It's a question of how are we going to make it happen.
Our why is clear: for human liberty, to release power from rent-seeking middlemen like banks, and to let it flow back to individuals like you and I.
With that in mind, I recently founded Dash Colombia. Dash Colombia's goal is to achieve crypto mass adoption with Dash digital cash in the South American nation of Colombia, where 50 million Colombians are hungry for individual liberty and a release from the tyrannical federal government's financial system.
Dash Colombia received a small amount of initial funding from the Dash DAO one week ago. Here is our report for our first week.
YES. Thank you George for helping mass adoption of cryptocurrencies. It's the every day small businesses that need to start accepting crypto so the average person who hops into there can know these alternative forms of money exist. Definitely following and keeping an eye on this project.
Thanks for your support. Yes, we're focused on small business owners, cash-based businesses, and we find that they are very receptive to the Dash value proposal.
In fact, we are consulting with one merchant for whom Dash is the first cryptocurrency he has heard of.
That's amazing. With how eager various less developed nations are to adopt cryptocurrency, it makes me wonder if they're going to be the next silicone valley. There's so much potential.
They've got a long way to go to challenge the US or East Asia for technological supremacy/initiative but I think crypto can be a first step to unleashing the kind of economic miracle in Latam that East Asia experienced 50 years ago.
Definitely. Just look at Hong Kong 30 years ago, and look at it now. If we can do this right we can make a lot more Hong Kongs.
Well done, Sir. I especially like the format of your report. Facts, straight and to the point.
Hope you succeed in your mission
Current market situation probably isnt helping much :(
What we're doing is not about today's market price and we don't want to work with people who are just here because of a rising price, so this is fine. The falling price presents just two difficulties: (1) exchanges are buying Dash for under market price atm (2) between proposing our budget to the Dash DAO and getting it, the Dash we asked for lost half their purchasing power so our plans are a little hamstrung atm.
Doesnt the fact of the price continually falling in the last months scare of merchants from excepting it as means of pay for goods?as in having to constantly readjust prices and the risk of sudden price drops taking away their profits from a sale?
See, we crypto guys in the US and Europe live in an insular world. All we see is the market price and the technology. This is a glaring weakness in the crypto ecosystem right now. The ecosystem is up in the clouds dreaming token dreams and 99% of humanity is down here on Earth wondering what the hell we are even talking about.
(1) They are just beginning to understand the fact that they need to be aware of the price.
(2) There is so little demand for merchants accepting crypto that it is at the novelty stage.
(3) We counsel them to hodl until later in the year.
(4) We create a safety net under them in these early stages to ensure their risks are reduced.
As to point 2 I think if there were more companies accepting cryptopayments demand would follow quickly especially for online purchases.
By point 4 do you mean like a buyback guarantee price so they dont have to fear sudden market crashes?
Thanks for your time
It's chicken and egg and it's also about keeping Dash top of mind for everyone involved, so they actually remember to use it.
For special events, yes, we offer a buyback guarantee with certain time limits.
Hi there George just recently watched your video in youtube and it really helps s lot.I upvoted you and followed to show my support. I am new to the steemit platform so please in return you follow me and upvote my post to help grow each other. Cheers!
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