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My name is Ramón Oropeza, I am a baker by profession. For many years I have been through a bad economic moment that all it does is get worse over time. I am not a defeatist, and I always seek to get ahead. I know it's not your problem and you shouldn't have to help me. However, many of us want to make the world a better place. Many help hungry people and donate to feed them one day or perhaps a year, others to help pay the medical bills of a terminally ill patient. They are all very noble causes, but they do not really change the world, they are just a cloth of water in the pain of others. That is why I am not looking for money to pay for the medicines my mother needs, nor for you to help me repair my mother's car, which has been damaged for more than two years, nor to repair the refrigerator in my house that It has been working for over 8 years and it has been impossible for us to even repair it and we cannot dream of buying a new one. No, I am not seeking financial help for that directly. My idea and the one I want you to help me with is to build my own business with which I, together with my family, can restore our lives. Indeed you will not help thousands of people directly to satisfy their hunger for a day, instead, if you decide to give me your support, you will help me create and work for a better future and a better quality for me and my family.submitted by ramonoropeza to Bitcoincash [link] [comments]
I am a baker by profession, I have worked in restaurants for more than 4 years and I understand how the gastronomic business works. Therefore, not wanting to occupy a large infrastructure and only to start from scratch. The initial vision of the business is based on a Venezuelan bakery from my home and serving my neighborhood. This is possible in the context of the pandemic and the rise of home services in my country. I've already tried this system successfully and have over 50 leads a week earning sales of $ 15 to $ 20 a week. These numbers are good here in Venezuela, since I do not have to pay taxes to be in my house and the services are relatively free (Very little is paid for the electrical and water service, although both constantly fail). Basically the expenses are in salary, maintenance and restoration of inventory. Which is covered in the cost of the product.
Sales are made before bread is made through reservations made by my neighbors. This is possible thanks to the advertising and contact made with them through social networks (Whatsapp, Instagram and Facebook), as well as direct face-to-face contact. It is also possible that they come to my house to withdraw the product if they wish. Every day we send messages with the menu that corresponds to the following day. In this way, the customer selects the product and makes their reservations. The next day, the bread chosen by the customer is baked with some left over to sell customers who want bread at the last minute. It is a system that has worked and this allows us to sell fresh bread to all our customers and reduce the risk of loss of freshness of our breads and therefore of product quality. Our motto is "Good bread, always fresh".
Another important point for this initiative is to maintain customer loyalty. One strategy to follow is to create reward points to exchange them for products in a certain time. This point system would be based on Bitcoin Cash SLP tokens. This ensures that, unlike coupons or points managed by the company, each person will know how many points they have in their wallet. Another advantage offered by using SLP tokens for customers, is that they can add points to each other in a single wallet and thus claim the desired product. A direct consequence of the use of SLP tokens will be the disclosure and adoption of Bitcoin Cash among customers.
To start we have three types of bread:
Venezuelan French bread: this bread is widely consumed by our customers. It is sold in batches of 6 or 10 units. It is normally consumed for dinner or breakfast. Also, to accompany lunch.
Braided sweet bread: This is our version of a very Venezuelan bread called “piñita”. However, I always wanted to present it differently, so I knotted or braided them. This bread is consumed as a snack to accompany a coffee or a sugary drink. It is also highly consumed.
Cinnamonrolls: This product is also very dear to our customers. One of the few luxuries that some can give themselves in this time of crisis. I am particularly pleased to be able to bring a little happiness through my breads.
To grow after this first phase, I would add to the menu the Venezuelan cheese braided bread and the “golfeados” (a well-loved Venezuelan bread).
Finally, to do all of this. Taking into account that the premises is my home and I will use different elements to work on it (tables, dishwashers), the services are basically free, I will not pay any more taxes than those included in the cost of raw materials. Here I have the budget for what I need to start changing my family's life through my work and with all your support:
What I can start with:
1 Gas cylinder (50 USD $) 0.175 BCH
1 3-tray oven (500 USD $) 1.76 BCH
3 trays (36 USD $) 0.126 BCH
Raw material (flour, drinking water, yeast, sugar, butter, milk, salt, cinnamon ...) ($ 100) 0.351 BCH
Total: (650 USD $) 2,412 BCH (conversion 285 USD $ / BCH)
With what could start and go to a next level:
All of the above (650 USD $)
Homemade blender or mixer ($ 475 USD)
Tray holder (300 USD $)
Small refrigerator ($ 200 USD)
Total: (1625USD $) 5.7 BCH (conversion 285USD $ / BCH).
The most significant elements are: the gas cylinder, the oven, the trays and the bread mixer.
All operations will be under my charge. My assistant will be my brother. He will be in charge of sales and customer service, under my supervision, therefore, he will make home deliveries. While I will be in charge of production and maintenance.
In conclusion, it is your decision to help me take my family forward and solve our problems by our own hands. You are not changing the world, but you are changing the world of a family. I would like to promise small dividends through the delivery of SLP Tokens that guarantees their distribution. I will be informing myself about that possibility. I say goodbye hoping for all your support, thank you very much.
What is PanXCafé? https://read.cash/@ramonoropeza/undertake-from-scratch-in-venezuela-panxcafe-help-me-to-promote-this-project-bccbdf04
MigasCoin (MIGAS) Birth https://read.cash/@ramonoropeza/why-should-i-accept-bitcoin-cash-in-my-business-494f3fda
MigasCoin (MIGAS): SLP token for PanXCafé | Preview.
All contributions can go to this address, which is associated with my account at Read.Cash.
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?submitted by mickhagen to genesisblockhq [link] [comments]
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
BinanceThe most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Can they create a cohesive & united product experience?
Binance WeaknessesBinance is strong, but they do have a few major weaknesses that could slow them down.
Binance Wrap UpI don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
CoinbaseThe crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.
Coinbase StrengthsLet’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
Coinbase WeaknessesLet’s now look at some things that could hold them back.
Coinbase Wrap UpAt Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.
Honorable MentionsOther US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.
Wrap UpCoinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
Other Ways to Consume Today's Episode:
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
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Buttercoin CEO Cedric Dahl opens up about his leadership role at the bitcoin marketplace, and how he believes he could have better navigated fundraising. Bit Butter - Bitcoin Cloud Mining for Android. Free BitPredict lnc. Android Version 1.2 Full Specs . Visit Site External Download Site. Free. Publisher's Description . From BitPredict lnc ... Bitcoin’s Blockchain is the technology that allows strangers to work together to exchange money without trust. This means no middlemen like banks are needed. Instead of recording transactions in private record systems like a bank or credit card company does, Bitcoin users record ALL transactions at the SAME TIME in IDENTICAL copies of the Blockchain. As a result, any attempt to fool the ... Cryptocurrencies: 1491 Market Cap: $441,080,225,714.00 24h Vol: $20,632,815,176.00 BTC Dominance: 38.77% Markets: 8708 Butter asks "How can one guarantee that the app Bitcoin.com that we download from the app store is built from the source code in open source repos?" The answer may surprise you. Or not. Close. 38. Posted by 7 months ago. Archived . Butter asks "How can one guarantee that the app Bitcoin.com that we download from the app store is built from the source code in open source repos?" The answer may ...
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Bitcoin boys 4 life. Episode 5 of the Superwog Series. This will air at 9.30pm on ABC COMEDY Tuesday 6 November or on ABC iview. https://iview.abc.net.au/sho... Last year, Didi Taihuttu sold almost everything he owned, poured it into bitcoin and moved his family into a trailer park. In this episode of Moving Upstream... $23,820 per WEEK without Facebook Ads Here's What I Did (Shopify Dropshipping) - Duration: 22:40. Justin Painter Recommended for you Well this exploded! Just want to say I'm glad everyone got a kick out of it, if you did, and stay strong HODLers! This video is unavailable. Watch Queue Queue