I have a variation on this idea.
Might be cool if the DHF (and maybe along with individual Hive accounts) could fund the launch of a new product line in one of the existing stores in Venezuela which is already a proven success in using the Hive ecosystem for payments. Or maybe an existing store that wants to open a second location. Kind of building on currently established successes.
Sucre VE is showing us how using HIVE in stores is done! https://peakd.com/trending/hivesucre #hivesucre
I'd be interested in being a Venture Capitalist in a Hive related store. :)
Can make this happen in Rosarito Mexio. Am onboarding businesses fast now. In a couple weeks will have my first workshop to onboard new users to spend hbd in these businesses. One is a clothing shop. She would absolutely be willing to accept hive at a discount for payment for her line of clothing
Instead of "spending" we need more buying. Otherwise, with the dumping continuing there won't be much "spending" in a couple of years.
The only way this results in buying is by the businesses being shown that they can put some of the money spent in their businesses into hive power. After that, once they see the way they can reward their customers with hive power votes, they should start to accumulate over time
Good luck. Doubt it will work other than just increasing selling pressure but I would love to be proven wrong
The more businesses that use it the more workshops can be run to teach their clients how to spend, the more spending, the more money velocity, the more distribution, the more network effect, the more hive power needed to be staked for transactions, the higher the hive price.
It’s not easy, but the path is clear
Yeah. I mean this is exactly the kind of thing im seeing being possible.
If its commerically viable product and can generate revenue its worth a look.
Already did this with Metamerch and various others in the works right now. With my own money. Oh, I funded Hive Sucre also. Except, because it is with my own money, it isn't 'gimme 500k from public money and pocket most of it myself' kinda gig.
You have done quite a lot! Pleased to "meet" you. I have seen Metamerch and was impressed with what they have started. I see you're the liketu founder, which I have seen everywhere but have not tried yet.
Anyway, Followed you, and will see you around the Hive. Wishing you continued success!