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RE: Crypto Mass Adoption with Dash in Colombia: Week 1 Report
Hope you succeed in your mission
Current market situation probably isnt helping much :(
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.