Proposal “coinfinity_bitcoinbon“ (Completed)Back
Title: | Dash Integration @ Coinfinity and Bitcoinbon |
Owner: | essra |
One-time payment: | 99 DASH (5495 USD) |
Completed payments: | 1 totaling in 99 DASH (0 month remaining) |
Payment start/end: | 2017-11-18 / 2017-12-18 (added on 2017-11-15) |
Votes: | 711 Yes / 69 No / 27 Abstain |
Proposal description
Hello everybody,
some people asked me to work on integration… here we go:
Because I think the best step to start is to create more possibilities to buy Dash with Fiat in Germany, Austria and Switzerland I reached out to Max Tertinegg from bitcoinbon and coinfinity.
Let´shave a look at these projects…
Bitcoinbon https://www.bitcoinbon.at/
- Is partner of 4,000 petrol stations and newspaper kiosks in austria (increases to 5,000 in 2018)
- selling crypto-bons for fiat money (20€, 25€, 50€,100€, 150€, 250€)
- bons can be redeemed online (exchange rate of the day the bon is redeemed)
- the fee for this service is at 8%
Bitcoinbon has a turnover of XX Million € in this year (they don´t want to tell me the exact number, but it´s more than 10 million) by
selling more than 100,000 Bitcoinbons.
At the moment only bitcoin, litecoin and ether are available.
Coinfinity https://coinfinity.co/start-en/
- coinfinityis the biggest online fiat/bitcoin, ether broker in austria
- the fees are between 1% and 2%
Coinfinity has a turnover of X Million € per month (they don´t want to tell me the exact number, but it´s between 1 and 10 million).
They got more than 10,000 users.
At the moment only bitcoin and ether are available.
What´s in for Dash?
- 4,000 (up to 5,000) petrol stations & kiosks selling Dash in Austria
- Biggest austrian online cryptobroker selling Dash
- Infosection about Dash on https://www.bitcoinbon.at/
- Infosection about Dash on https://coinfinity.co/start-en/
- Newsletter announcement (2,800 receiver)
- Pressannouncement by coinfinity
- Pressannouncement by me (https://www.btc-echo.de https://bitcoin-vlog.de https://www.bitcoinnews.ch/ http://www.coin-blog.de/ https://bitcoin-live.de/ http://derstandard.at/ http://www.finanzenverlag.de/ )
Costs
28,200€ - integration (goes to bitcoinbon & coinfinity incl. taxes)
3,750€- project management, pr + travelling (for me before taxes)
31,950€ in TOTAL
94 DASH (based on 340€ per DASH)
5 DASH proposal fee
99 DASH in TOTAL
Reporting
As always I´ll keep you updated right here on dashcentral.
cheers,
essra
p.s.: even I´m added as team member on dash.org, I don´t receice any payments from Core. This is just because a listing makes my work a lot easier with events, press and so on...
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Discussion: Should we fund this proposal?
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Hold on to a table because I criticize not only the quality of the proposal but the judgment of the community as a whole. Good thing I didn't have any friends here so I can't loose any.
This plan lacks transparency and some clear-cut measurable ROI. Through extensive questioning I found out:
- Coinfinity - doesn't have a license to attend Germany, Switzerland
- Bitcoinbon - Unknown market positioning against competition Bitpanda
Let's just judge the math based on the numbers given. in this case the strategy simply won't meet the unclear objective.
How can a proposal like this pass?
I understand the 'early adopters know what is best for the network'- concept (as explained on DFN) but reading the faulty proposal, the heated discussions and the lack of sound arguments I believe they should pay more objective attention to the quality of the work from, especially, Slack friends. This is not the first time I ran into this problem.
A lot of people are watching this -free money thing- now... Does that makes sense in this context?
I know some of Jan-Heinrich's work and I do not doubt his capabilities and hopefully he will do more tons of great work for Dash, but I presume the misinformation is a result of lack of experience.
So please learn from my critics and prepare better next time.
Most of the points in your comment above are answered in my replies on all your other comments. And as also mentioned already, I´ll try to create better proposals in future, but if there are numbers missing I won´t be able to work with them, no matter how hard I try. And finally: bitpanda and coinfinity may be competitors and of course one may be better as the other one, but this is no reason for just being available at one of these services.
sincerly,
jan
I did not write I think exchanges should integrate by themselves. Instead I tried to keep my arguments clear, honest and objective and not to express or suggest any beliefs.
I did object the fact that suggested integration (Coinfinity) has a limited reach, and especially the fact it doesn't meet the stated objective.
If there are numbers missing (Bitcoinbon) we should try to find them. This applies not only to your proposal, but to all. No successful business start with an incomplete business plan. Just trying to raise the bar here... And I see you can handle it :) Chapeau!
Thank you for sincerely considering my hopefully constructive critics, much appreciated. Dash Für Alle!
Sincerely,
Paul
Thank you for you proposal
Here their mails in German:
Coinfinity GmbH
Guten Tag,
danke für die Anfrage. Derzeit können Sie bei uns Dash nur auf Anfrage und für Beträge über 5.000 EUR erwerben. Wir werden DASH aber in den kommenden Wochen in unsere online-Plattform integrieren, so dass Sie auch über coinfinity.co DASH kaufen können. Ein genaues Datum können wir Ihnen hier aber noch nicht nennen.
Mit besten Grüßen.,
Max Tertinegg
Coinfinity GmbH
Griesgasse 10
8020 Graz
------------------------------------------------
www.bitcoinbon.at
Question :Kann man bei Ihnen auch DASH erwerben?( Translation:can you buy DASH from you?)
Bitcoinbon Support Answer:Momentan noch nicht, unser Entwicklerteam arbeitet allerdings daran dies zu integrieren.(Translation: Not at the moment but our development team is working on DASHS integration)
Mit besten Grüßen,
Bitcoinbon Team
Why spend 40000 $ for promises of pressanouncments and anouncments on coming websites of these companies for something that they describe as being partly implemented or coming anyway?
max gave you this answer, because we are both very confident, that this proposal passes. Max, you and me can have a skype call if you like. You can even talk to me on Discord or have a phone call. This time I don´t really get your approach. If you don´t like the proposal, just vote "no".
Your masternode badge seems to have slipped because you wear it at the wrong place: now It blinds your eyes for several facts, f.i. that arguments should count and not self-righteous bumptiousness(...." no MNO badge=irrelevant anyway") , that people who dont wear badges could well be more than cattle with "pie holes" and having good arguments - , they could "even" be mastenodeowners , that don'like posing with them like you do. But i think you could not imagine that.
"Due diligence" without any discussion - or discussion apart from the forum - is impossible.
Everything I said in the comment you replied to is objectively correct. You refused to clear up misunderstandings so you ARE a troll. And I will repeat it a million times. You are a troll because of your dishonest actions and I relish in the fact that this proposal passes and you can't do anything about it. Too bad for you you couldn't vote, huh?
But on the official dash.org site https://www.dash.org/team/ (where it doesn't claim that you are paid by Core ) it says ""Appointed by our Network and funded from the blockchain on a monthly basis " and you are listed as the last person
Could you please elaborate on that?
I thought you were an advocat of DUE DILIGENCE after reading your remarks: (https://www.dash.org/forum/threads/is-dash-force-news-going-rogue.17596/#post-144105) "Our Treasury is handing out cold hard cash and does this (every once in a while) with a dangerous lack of due diligence. This attracts the worst kinds of people. The first step to mend this fault is to expose these people, even if they're close to us."
Now you recommend the proponent and his proposal on very personal grounds.
Although I can see also that essra "is a networking genius" ( not quite in the sense you put it!) I think that the fact that the "Director of Deutsche Bank just added him on LinkedIn" is a very questionable argument . I would like to remind you that the last three Deutsche Bank Chefs had to step down (https://goo.gl/bbM8J4) for being involved in scandalous -even criminal- legal affairs. That DB ist one of the great banks involved in criminal Libor (https://goo.gl/pqQ1Xd)-, Gold (https://goo.gl/vaA8L3) - Silver (https://goo.gl/jGqiZK) , and mortgage securities (https://goo.gl/4ubPYX) manipulations and that they have plenty of legal (https://goo.gl/1CH4Gx) and immense financial problems. A lot of people- and by the way the IMF -(https://goo.gl/pyLUQC) think that they are the ones that will bring down the whole financial system having an unmanageable exposure to financial derivatives . So its not necessarily good to be linked to people like that.
When dealing with this proposal one should not forget: you can buy Dash vouchers in every postoffice in Austria already (See: https://news.bitcoin.com/bitcoin-ether-dash-and-litecoin-1800-austrian-post-offices/).
On the other hand the proposal owner himself tells you " I quit my job and only work for Dash now, that´s why I need to keep them (the proposals) coming ;-)".
I am sure he should and could do a better job than this proposal where he tries to sell a few simple press anouncements and website anouncements for over 40000 $. The implementation of dash being already partly achieved and partly in work is confirmed in both of the mentioned companies and is not dependant on his proposal. I fear that if "key persons for Dash" continue marketing DASH like this it's avail to nothing for Dash but just for the depletion of funds-
Wrong. I recommend him, because of his solid track record of past successes you seem to be blissfully unaware of. Essra has done several Dash presentations during FinTech events and spearheaded the integration at the House of Nakamoto as well.
And I don't know what kind of desperate spin you're trying to put on his networking skills, but the Deutsche Bank director was ONE EXAMPLE. He had his wallet completely crammed with business cards from high profile individuals he connected with THAT DAY.
>When dealing with this proposal one should not forget: you can buy Dash vouchers in every postoffice in Austria already
So? Is adding more places to buy Dash at a bad thing? How is that even relevant? What if one has lower fees than the other Do you understand the concept of competition?
>On the other hand the proposal owner himself tells you " I quit my job and only work for Dash now, that´s why I need to keep them (the proposals) coming ;-)".
Which only proves so much more his commitment to this project. If you have the balls to quit your day job to serve Dash exclusively, THEN we can talk. Until then, kindly shut your piehole.
> is not dependant on his proposal.
That is your wrong assumption, not a fact. Essra explained that integration work began under the assumption of this proposal passing. You don't get your salary at the beginning of the month either.
>I fear that if "key persons for Dash" continue marketing DASH like this it's avail to nothing for Dash but just for the depletion of funds-
Who the hell are you anyway? You came in here trying to start nothing but trouble with tons of false assumptions, accusations and outright falsehoods. You don't even have an MNO badge so your opinion is basically worthless anyway. Essra shouldn't have to answer any of your provocative questions in the first place.
You wanna talk "due diligence" to me? Then stop confusing it with a smear campaign, because that's all you've done so far. I'm done with you.
In this plan the strategy doesn't fulfill the objective (doesn't attend Germany nor Switserland) and now I also read the market investigation part wasn't properly executed or communicated (already selling paper wallets?).
So let's talk about pricing then, how are we better than the competition?
At the moment neither coinfinity nor bitcoinbon are selling Dash officially. Means that Dash is not technically integrated in their basic services and this is what I want to change through this proposal.
May you please help me with your last question? I don´t really understand the meaning of it.
Sorry for the brevity in my last question. I repeat:
Currently there are other vouchers being sold in Austria by another company, correct?
How much fees do we charge?
How much fees do they charge?
How big is their market penetration (estimate amount POS)?
Sorry for making this so hard,
Regards!
Bitpanda is the other company in Austria selling "crypto-vouchers". They are available at post-offices. Here is the link: https://www.bitpanda.com/togo/en
The number of post-offices that are participating is big, but adding Dash to bitcoinbon (petrol stations & kiosks) will increase the number of POS selling Dash a lot.
Unfortunately I can´t find the tax bitpanda makes their customers pay.
I hope this helps
I want to see what it brings (which I couldn't initially) and what it costs.
Since our objective is clear now - to make Dash more accessible to the Austrians - it is important to consider competition. Doesn't help to place a more expensive product in the market, right? Doesn't bring Dash anything. It is already accessible.
By not knowing your competitor and failing to inform how you will position your product in the market you failed to make a solid plan.
Do you agree?
What Dash needs is to be available at as much places as possible. It´s not only about the access, it´s also about visibility. Dash could be available at 1,800 petrol stations and 2,200 kiosks. The traffic in petrol stations and kiosks is much higher than in post-offices. Both (visibility and access) will people make feel much more confident about Dash, because it´s omnipresent and starts do be part of their daily life.
Imagine you are a producer of... let´s say choclate. To sell your choclate you use several resellers. A discounter and a delicacy invite for example. The price at the discounter may be lower, but if you don´t cooperate with the delicacy invite people who visit the delicacy invite will buy a choclate of another producer. They don´t even get to know you.
Anyway... bitpanda is not our (or as you say my) competitor. Bitpanda is just another channel for distribution, using another infrastructure that can´t help us to make Dash available at petrol stations and kiosk. Your point of view don´t make any sense if you need to introduce a new product of a new product category (and this is what Dash is). If you want to become the most popular product in your category you need to be everywhere and not to stay in a bubble.
I didn't suggest to stay in a bubble, I said bitcoinbon needs to have a competitive advantage, since Dash is paying for it. I see no reason a subsidized product should be more expensive than a non-funded one. Makes sense?
But I guess I will find out only on my next holiday.
------------
"Hi paul, together with some other people from dashnation I got a plan for Austria. First step is to increase the possibilities to buy Dash with Fiat. One way is coinfinity, another is bitcoinbon. Focusing on national companies as coinfinity, will will give us the oppurtunity to get in press in austria. In this way the whole economy is participating and will be open minded for Dash. I hope you get this idea?
The next step is to talk to the stores selling bitcoinbon and offer them the opportunity to attend Dash workshops. Because they are already selling Dash they may be more interested, than without. In this workshops we will convince them to accept Dash in their business. We need their trust, for this we need the press, for this we need companies from Austria.
Germany and switzerland will be next. this proposal is just about Fiat/Dash in Austria.
Thank you"
--------
I hope this helps?
Ok, $200k in investment "return" might not seem like much, but this is the *minimum* to reasonably "expect" (also, factor in Coinfinity's sales, future potential growth, and future Dash marketshare growth) and at a cost of $30-40k USD, you can see this is a very clear "positive ROI" project with at least 400%+ ROI (and likely more, even if this lasts only one year, and it will likely continue in future years without additional payments), so this should be one of the easiest Yes votes this month.
I suggest this as a good way to look at proposals and evaluate how they benefit the ecosystem, no matter how large or small (weigh the "cost" against minimum "expected" return). Thanks!
If I search for german exchanges I consistently find bitcoin.de listed as best rated and 1st result. Do you know how Coinfinity compares in trading volume? Their site looks obviously much better, but are there other reasons you prefer them over other options?
You wrote:
...."more possibilities to buy Dash with Fiat in Germany, Austria and Switzerland"...
Your answer "coinfinity doesn't attend foreign market due to missing license", doesn't align with the objective in your proposal.
You think Austrians don't use bitcoin.de but they do have access to it, I understand from your words.
As where in your business case it doesn't work both ways. I would focus on the big fish.
Bitcoin.de has a german interface and attends all of Europe, including all the places you mention in your proposal.
The next step is to talk to the stores selling bitcoinbon and offer them the opportunity to attend Dash workshops. Because they are already selling Dash they may be more interested, than without. In this workshops we will convince them to accept Dash in their business. We need their trust, for this we need the press, for this we need companies from Austria.
Germany and switzerland will be next. this proposal is just about Fiat/Dash in Austria.
Thank you
"more possibilities to buy Dash with Fiat in Germany, Austria and Switzerland", But you will only actually reach Austria.
Just be clear on the objectives so we know what to expect, please.
With your statement
"What´s in for Dash?"
you create great expectations , but the only information that you deliver (about the Dash part of it) are these two external links
- "Infosection about Dash"(?) on https://www.bitcoinbon.at/
- "Infosection about Dash" (?) on https://coinfinity.co/start-en/
I could NOT FIND ANY MENTIONING OF DASH on these sites AT ALL. Perhaps you could show me where i can find them there- and post those precise links here on your proposal site.
If not - it's just "great" expectations for a proposal you want over 40000 $ for.
Thanks
If they are interested in our money they should be interested in transparency ..................and you too