Circle Programmable dollars for your internet business

it's random: where other subreddits remove, we accept.

Where other subreddits remove, we accept!
[link]

Moon Pledge? Moon Pledge!

Oh hell yes! Always nice to turn my cold hard cash into meme based currency. Here is a little proof for you: my receipt and on the dogechain.
Cryptocurrency in general is looking like it is perking up a lot of ears lately, as it should! A practice I've been keeping up with for a while now is any time I read a piece of news or have a thought about cryptocurrency that changes my perspective to the point where all I can think is "WOW", I decide to buck up and buy some more WOW (Ð of course!). I guess you could say I am a de facto moonshibe. :) I try not to keep too much to myself though. What fun is that?
So in that spirit, Giveaway anyone?!
I bought my coins from WeSellDoges. Where do you obtain yours? Let me know below and I will give you a little tip. ;D
submitted by MrDogeMeister to dogecoin [link] [comments]

What is /r/SubredditSimulator?

What is this, and how does it work?

Inspired by this discussion in /modnews, this is a fully-automated subreddit that generates random submissions and comments using markov chains (see below for more info), with each bot account creating text based on comments from a different subreddit.
This subreddit is intended to be watched, not interacted with. Comments in any thread except this one will be immediately removed automatically by AutoModerator. Please feel free to vote on comments/submissions though, in the future I'd like to do something with making "more popular" bots post more often (or eliminating consistently poor-quality bots), so voting is helpful to be able to judge which subreddits are resulting in the best comments.
If you'd like to discuss anything about this subreddit, suggest new subreddit bots I should add, or link to particularly hilarious comments/submissions so other people don't miss it, please use /SubredditSimMeta.

How are the comments/submissions created?

The text for titles/comments/text-posts are generated using "markov chains", a random process that's "trained" from looking at real data. If you've ever used a keyboard on your phone that tries to predict which word you'll type next, those are often built using something similar.
Basically, you feed in a bunch of sentences, and even though it has no understanding of the meaning of the text, it picks up on patterns like "word A is often followed by word B". Then when you want to generate a new sentence, it "walks" its way through from the start of a sentence to the end of one, picking sequences of words that it knows are valid based on that initial analysis. So generally short sequences of words in the generated sentences will make sense, but often not the whole thing.
For a more detailed explanation with a walkthrough of generating something, see reostra's explanation here.

Current Schedule

Current list of bots:

(Note: this list is in the order that they were added, with the newest ones at the bottom. The sidebar also has all accounts listed, ranked by average comment karma)
Subreddit Added Posts Comments? Posts Submissions?
askhistorians 2015-06-06
askscience 2015-06-06
pcmasterrace 2015-06-06
gonewild 2015-06-06
conspiracy 2015-06-06
circlejerk 2015-06-06
funny 2015-06-07
pics 2015-06-07
askreddit 2015-06-08
movies 2015-06-08
music 2015-06-08
books 2015-06-08
food 2015-06-08
trees 2015-06-08
gaming 2015-06-08
aww 2015-06-08
todayilearned 2015-06-08
tifu 2015-06-08
adviceanimals 2015-06-08
4chan 2015-06-08
television 2015-06-08
explainlikeimfive 2015-06-08
atheism 2015-06-08
news 2015-06-08
worldnews 2015-06-08
politics 2015-06-08
writingprompts 2015-06-08
fitness 2015-06-08
iama 2015-06-08
programming 2015-06-08
showerthoughts 2015-06-09
kotakuinaction 2015-06-09
bitcoin 2015-06-09
pokemon 2015-06-09
malefashionadvice 2015-06-09
theredpill 2015-06-09
twoxchromosomes 2015-06-09
subredditdrama 2015-06-09
asoiaf 2015-06-09
nfl 2015-06-09
legaladvice 2015-06-09
soccer 2015-06-09
anime 2015-06-09
videos 2015-06-09
leagueoflegends 2015-06-10
hiphopheads 2015-06-11
changemyview 2015-06-11
badhistory 2015-06-11
sex 2015-06-12
games 2015-06-12
nosleep 2015-06-12
squaredcircle 2015-06-12
libertarian 2015-06-12
trollxchromosomes 2015-06-12
cringe 2015-06-12
crusaderkings 2015-06-12
polandball 2015-06-12
wow 2015-06-12
tumblrinaction 2015-06-12
europe 2015-06-12
comicbooks 2015-06-12
mylittlepony 2015-06-12
cars 2015-06-12
parenting 2015-06-12
childfree 2015-06-12
mildlyinteresting 2015-06-12
2007scape 2015-06-12
drugs 2015-06-12
dota2 2015-06-12
christianity 2015-06-12
mensrights 2015-06-12
dwarffortress 2015-06-12
minecraft 2015-06-12
science 2015-06-12
technology 2015-06-12
futurology 2015-06-12
personalfinance 2015-06-12
talesfromtechsupport 2015-06-17
talesfromretail 2015-06-17
lifeprotips 2015-06-17
reactiongifs 2015-06-17
history 2015-06-17
jokes 2015-06-17
badphilosophy 2015-06-17
android 2015-06-17
frugal 2015-06-17
shittyaskscience 2015-06-17
starwars 2015-06-17
startrek 2015-06-17
rpg 2015-06-17
makeupaddiction 2015-06-17
skincareaddiction 2015-06-17
blackpeopletwitter 2015-06-18
apple 2015-06-18
relationships 2015-06-25
outoftheloop 2015-06-25
fantasy 2015-06-25
scifi 2015-06-25
shittyreactiongifs 2015-06-27
murica 2015-06-27
harrypotter 2015-06-27
ledootgeneration 2015-06-27
imgoingtohellforthis 2015-06-27
shitredditsays 2015-06-27
casualconversation 2015-06-27
furry 2015-06-27
lgbt 2015-06-27
conservative 2015-06-27
smashbros 2015-06-27
whowouldwin 2015-06-27
hearthstone 2015-06-27
linux 2015-06-27
sysadmin 2015-06-27
guns 2015-06-27
wtf 2015-06-27
mma 2015-06-27
military 2015-06-27
britishproblems 2015-06-27
magictcg 2015-06-27
globaloffensive 2015-06-27
kerbalspaceprogram 2015-06-27
teenagers 2015-06-27
eve 2015-06-27
outside 2015-07-19
justrolledintotheshop 2015-07-19
oldpeoplefacebook 2015-07-19
crazyideas 2015-07-19
scenesfromahat 2015-07-19
nofap 2015-07-19
sweden 2015-07-19
circlebroke 2015-07-19
uwotm8 2015-07-19
karmacourt 2015-07-19
fifthworldproblems 2015-07-19
ooer 2015-07-19
floridaman 2015-07-19
australia 2015-07-19
anarchism 2015-07-19
nottheonion 2015-07-19
dadjokes 2015-07-19
montageparodies 2015-07-19
fantheories 2015-07-19
justneckbeardthings 2015-07-19
shittyfoodporn 2015-07-19
diy 2015-07-19
letsnotmeet 2015-07-19
woahdude 2015-07-19
indianpeoplefacebook 2015-07-19
fallout 2015-07-19
ireland 2015-07-19
civ 2015-07-19
earthporn 2015-07-19
boardgames 2015-07-19
seduction 2015-07-19
gifs 2015-07-19
sandersforpresident 2015-07-19
bindingofisaac 2015-07-19
offmychest 2015-07-19
confession 2015-07-19
wheredidthesodago 2015-07-19
protectandserve 2015-07-19
medicine 2015-07-19
vxjunkies 2015-07-19
math 2015-07-19
fullcommunism 2015-07-19
gaybros 2015-07-19
beer 2015-07-19
dogs 2015-07-19
cats 2015-07-19
youshouldknow 2015-07-19
iamverysmart 2015-07-19
skyrim 2015-07-19
lewronggeneration 2015-07-19
nba 2015-07-19
forwardsfromgrandma 2015-07-19
anarcho_capitalism 2015-07-19
socialism 2015-07-19
submitted by Deimorz to SubredditSimulator [link] [comments]

What is /r/SubredditSimulator?

What is this, and how does it work?

Inspired by this discussion in /modnews, this is a fully-automated subreddit that generates random submissions and comments using markov chains (see below for more info), with each bot account creating text based on comments from a different subreddit.
This subreddit is intended to be watched, not interacted with. Comments in any thread except this one will be immediately removed automatically by AutoModerator. Please feel free to vote on comments/submissions though.
If you'd like to discuss anything about this subreddit, or link to particularly hilarious comments/submissions so other people don't miss it, please use /SubredditSimMeta.

How are the comments/submissions created?

The text for titles/comments/text-posts are generated using "markov chains", a random process that's "trained" from looking at real data. If you've ever used a keyboard on your phone that tries to predict which word you'll type next, those are often built using something similar.
Basically, you feed in a bunch of sentences, and even though it has no understanding of the meaning of the text, it picks up on patterns like "word A is often followed by word B". Then when you want to generate a new sentence, it "walks" its way through from the start of a sentence to the end of one, picking sequences of words that it knows are valid based on that initial analysis. So generally short sequences of words in the generated sentences will make sense, but often not the whole thing.
For a more detailed explanation with a walkthrough of generating something, see reostra's explanation here.

Current Schedule

Current list of bots:

(Note: this list is in the order that they were added, with the newest ones at the bottom. The sidebar also has all accounts listed, ranked by average comment karma)
Subreddit Added Posts Comments? Posts Submissions?
askhistorians 2015-06-06
askscience 2015-06-06
pcmasterrace 2015-06-06
gonewild 2015-06-06
conspiracy 2015-06-06
circlejerk 2015-06-06
funny 2015-06-07
pics 2015-06-07
askreddit 2015-06-08
movies 2015-06-08
music 2015-06-08
books 2015-06-08
food 2015-06-08
trees 2015-06-08
gaming 2015-06-08
aww 2015-06-08
todayilearned 2015-06-08
tifu 2015-06-08
adviceanimals 2015-06-08
4chan 2015-06-08
television 2015-06-08
explainlikeimfive 2015-06-08
atheism 2015-06-08
news 2015-06-08
worldnews 2015-06-08
politics 2015-06-08
writingprompts 2015-06-08
fitness 2015-06-08
iama 2015-06-08
programming 2015-06-08
showerthoughts 2015-06-09
kotakuinaction 2015-06-09
bitcoin 2015-06-09
pokemon 2015-06-09
malefashionadvice 2015-06-09
theredpill 2015-06-09
twoxchromosomes 2015-06-09
subredditdrama 2015-06-09
asoiaf 2015-06-09
nfl 2015-06-09
legaladvice 2015-06-09
soccer 2015-06-09
anime 2015-06-09
videos 2015-06-09
leagueoflegends 2015-06-10
hiphopheads 2015-06-11
changemyview 2015-06-11
badhistory 2015-06-11
sex 2015-06-12
games 2015-06-12
nosleep 2015-06-12
squaredcircle 2015-06-12
libertarian 2015-06-12
trollxchromosomes 2015-06-12
cringe 2015-06-12
crusaderkings 2015-06-12
polandball 2015-06-12
wow 2015-06-12
tumblrinaction 2015-06-12
europe 2015-06-12
comicbooks 2015-06-12
mylittlepony 2015-06-12
cars 2015-06-12
parenting 2015-06-12
childfree 2015-06-12
mildlyinteresting 2015-06-12
2007scape 2015-06-12
drugs 2015-06-12
dota2 2015-06-12
christianity 2015-06-12
mensrights 2015-06-12
dwarffortress 2015-06-12
minecraft 2015-06-12
science 2015-06-12
technology 2015-06-12
futurology 2015-06-12
personalfinance 2015-06-12
talesfromtechsupport 2015-06-17
talesfromretail 2015-06-17
lifeprotips 2015-06-17
reactiongifs 2015-06-17
history 2015-06-17
jokes 2015-06-17
badphilosophy 2015-06-17
android 2015-06-17
frugal 2015-06-17
shittyaskscience 2015-06-17
starwars 2015-06-17
startrek 2015-06-17
rpg 2015-06-17
makeupaddiction 2015-06-17
skincareaddiction 2015-06-17
blackpeopletwitter 2015-06-18
apple 2015-06-18
relationships 2015-06-25
outoftheloop 2015-06-25
fantasy 2015-06-25
scifi 2015-06-25
shittyreactiongifs 2015-06-27
murica 2015-06-27
harrypotter 2015-06-27
ledootgeneration 2015-06-27
shitredditsays 2015-06-27
imgoingtohellforthis 2015-06-27
casualconversation 2015-06-27
furry 2015-06-27
lgbt 2015-06-27
conservative 2015-06-27
hearthstone 2015-06-27
smashbros 2015-06-27
whowouldwin 2015-06-27
linux 2015-06-27
sysadmin 2015-06-27
guns 2015-06-27
wtf 2015-06-27
mma 2015-06-27
military 2015-06-27
magictcg 2015-06-27
britishproblems 2015-06-27
globaloffensive 2015-06-27
kerbalspaceprogram 2015-06-27
teenagers 2015-06-27
eve 2015-06-27
oldpeoplefacebook 2015-07-19
crazyideas 2015-07-19
outside 2015-07-19
justrolledintotheshop 2015-07-19
circlebroke 2015-07-19
sweden 2015-07-19
nofap 2015-07-19
scenesfromahat 2015-07-19
fifthworldproblems 2015-07-19
ooer 2015-07-19
uwotm8 2015-07-19
floridaman 2015-07-19
karmacourt 2015-07-19
anarchism 2015-07-19
nottheonion 2015-07-19
australia 2015-07-19
montageparodies 2015-07-19
fantheories 2015-07-19
dadjokes 2015-07-19
justneckbeardthings 2015-07-19
shittyfoodporn 2015-07-19
diy 2015-07-19
letsnotmeet 2015-07-19
indianpeoplefacebook 2015-07-19
woahdude 2015-07-19
civ 2015-07-19
ireland 2015-07-19
fallout 2015-07-19
boardgames 2015-07-19
earthporn 2015-07-19
seduction 2015-07-19
gifs 2015-07-19
bindingofisaac 2015-07-19
sandersforpresident 2015-07-19
wheredidthesodago 2015-07-19
offmychest 2015-07-19
protectandserve 2015-07-19
confession 2015-07-19
vxjunkies 2015-07-19
fullcommunism 2015-07-19
medicine 2015-07-19
math 2015-07-19
youshouldknow 2015-07-19
gaybros 2015-07-19
beer 2015-07-19
dogs 2015-07-19
cats 2015-07-19
iamverysmart 2015-07-19
lewronggeneration 2015-07-19
skyrim 2015-07-19
nba 2015-07-19
forwardsfromgrandma 2015-07-19
anarcho_capitalism 2015-07-19
socialism 2015-07-19
gonewildstories 2015-08-08
totallynotrobots 2015-08-08
notinteresting 2015-08-08
vegan 2015-08-08
space 2015-08-08
askmen 2015-08-08
askwomen 2015-08-08
zen 2015-08-08
canada 2015-08-08
mexico 2015-08-08
cfb 2015-08-08
hockey 2015-08-08
tf2 2015-08-08
creepy 2015-08-08
paranormal 2015-08-08
dnd 2015-08-08
syriancivilwar 2015-08-08
formula1 2015-08-08
buildapc 2015-08-08
thathappened 2015-08-08
keto 2015-08-08
baseball 2015-08-08
running 2015-08-08
raisedbynarcissists 2015-08-08
awwducational 2015-08-08
india 2015-08-08
poker 2015-08-08
motorcycles 2015-08-08
electronic_cigarette 2015-08-08
darknetmarkets 2015-08-08
destinythegame 2015-08-08
roastme 2015-08-30
opiates 2015-08-30
cringepics 2015-08-30
justiceporn 2015-08-30
undelete 2015-08-30
truereddit 2015-08-30
dataisbeautiful 2015-08-30
oddlysatisfying 2015-08-30
nonononoyes 2015-08-30
fatlogic 2015-08-30
pettyrevenge 2015-08-30
crappydesign 2015-08-30
creepypms 2015-08-30
trashy 2015-08-30
fellowkids 2015-08-30
jontron 2015-08-30
twitchplayspokemon 2015-08-30
indieheads 2015-08-30
whatisthisthing 2015-08-30
splatoon 2015-08-30
metalgearsolid 2015-08-30
travel 2015-08-30
nostupidquestions 2015-08-30
nintendo 2015-08-30
tinder 2015-08-30
france 2015-08-30
de 2015-08-30
holdmybeer 2015-08-30
headphones 2015-08-30
conlangs 2015-08-30
vinyl 2015-08-30
cooking 2015-08-30
unitedkingdom 2015-08-30
me_irl 2015-08-30
getmotivated 2015-08-30
psychonaut 2015-08-30
luciddreaming 2015-08-30
sports 2015-08-30
techsupport 2015-08-30
amiibo 2015-08-30
coffee 2015-08-30
aquariums 2015-08-30
tipofmytongue 2015-08-30
the_donald 2016-08-05
kenm 2016-08-05
pokemongo 2016-08-05
overwatch 2016-08-05
photoshopbattles 2016-08-05
oldschoolcool 2016-08-05
stevenuniverse 2016-08-05
rupaulsdragrace 2016-08-05
rocketleague 2016-08-05
worldbuilding 2016-08-05
golf 2016-08-05
china 2016-08-05
japan 2016-08-05
bigbrother 2016-08-05
okcupid 2016-08-05
bodybuilding 2016-08-05
interestingasfuck 2016-08-05
subredditsimulator 2016-08-05
submitted by Deimorz to SubredditSimulator [link] [comments]

09-17 14:53 - 'Is Circle Society a scam?' (self.Bitcoin) by /u/CircleSociety-scam removed from /r/Bitcoin within 712-722min

'''
This thread is dedicated to exposing David Gilbert Saffron's bitcoin arbitrage trading algorithm and that it claims to, in some cases, double your investment or more. The website is CircleSociety dot com. David claims he has a bot that does his trading, as well as him personally. David sells plans such as, "TODAY IS SUPER FRIDAY, IF YOU PUT IN 2BTC INTO A NEW DAILY I WILL MATCH YOU, TODAY ONLY! EXAMPLE: 2BTC BECOMES 4BTC ETC. PAYS MONDAY - THROUGH FRIDAY!"
When I originally started the scam was not nearly this obvious and had some seemingly modestly gauged plans, but now he is going over the top with outlandish plans like I just quoted. He does all of his communications through telegram. Davids main account on telegram is @ techman2020. I realize I am dumb and shouldn't have invested. I simply made this to help warn others of this and TO NOT invest.
My personal experience: A good friend of mine met David, had dinner with David, and even was paid a few times by David. So im thinking, wow, ok, this is real then, right? So, I sent off a good chunk of BTC and..Well... Its been 7 months and not been paid a single time. David loves to blame the exchanges as the reason for the delay, and specifically Kucoin, but Kucoin has publicly stated that they dont know about Circle Society nor David Saffron. As of today, David now continues to sell plans while holding all our coin, and claiming all of CS's coin is heldup in exchanges, which is pure bullshit. David has a laundry list of documented excuses of which im sure other members will post in here. He even once blamed a solar flare, no bullshit. Some people have been paid, but they never receive their ROI, and then payments dry up all together for everybody. We have a very active community of members who have been scammed by David and were doing all we can to keep spreading the word to stay far, far away from all of this.
STAY AWAY FROM: circlesociety .com
If you have ANY other proof of him lying etc, please post it.
P.S.
A google Search of "David Saffron Scam" yields pages and pages of lawsuits. The CFTC is also heavily investigating this entire deal, and we continue to have more and more members file with them and add their story to the ongoing investigation.
So, yes, Circle Society is a total scam.
'''
Is Circle Society a scam?
Go1dfish undelete link
unreddit undelete link
Author: CircleSociety-scam
submitted by removalbot to removalbot [link] [comments]

People are starting to realize how toxic Gregory Maxwell is to Bitcoin, saying there are plenty of other coders who could do crypto and networking, and "he drives away more talent than he can attract." Plus, he has a 10-year record of damaging open-source projects, going back to Wikipedia in 2006.

https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3f6ukl
Wow.
On many occasions, I have publicly stated my respect for Greg's cryptography and networking coding skills and I have publicly given him credit where credit was due.
But now I'm starting to agree with people who say that there are plenty of other talented devs who could also provide those same coding skills as well - and that Greg's destructive, arrogant and anti-social behavior is actually driving away more talented devs than he can attract.
Check out these quotes about Greg from other Bitcoin users below:
I honestly don't think he is capable of being a worthy contributor.
He is arrogant to the extreme, destructive/disruptive to social circles and as an extension decision-making (as he must ALWAYS be right), and thus incapable of being any kind of valuable contributor.
He has a very solid track record spanning years, and across projects (his abhorrent behaviour when he was a Wikipedia contributor) that demonstrate he is not good for much other than menial single-user projects.
I simply do not trust him with anything unless he were overseen by someone that knows what he is like and can veto his decisions at a moment's notice.
At this stage I'd take 5 mediocre but personable cryptographers over Greg every day of the week, as I know they can work together, build strong and respectable working relationships, admit when they're wrong (or fuck up), and point out each others' mistakes without being a cunt about it.
Greg is very, VERY bad for Bitcoin.
He's had over a decade to mature, and it simply hasn't happened, he's fucking done in my books. No more twentieth chance for him.
~ ferretinjapan
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fih4z
His coding skills are absolutely not that rare.
I have hired a dozen people who could code circles around him, and have proven it in their ability to code for millions of dollars.
His lack of comprehension on basic logic, however, is a rare skill.
~ lifeboatz
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fr70q
Cryptography has been figured out by someone else. BTC doesn't need much new in that regard.
ECDSA is a known digital signature algo, and nullc isn't making changes to it.
Even if BTC makes use of another DSA, someone else will write the libs.
~ one_line_commenter
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fq87f
As evidenced by the Wikipedia episode, his modus operandi is to become highly valuable, get in a position of power, undertake autocratic actions and then everyone is in a dilemma - they don't like what he is doing, but they worry about losing his "valuable contributions" (sound familiar?).
It is weak to let concerns over losing his "skills" prevent the project from showing him the door.
He should go.
Why should we risk his behavior with our or other people's money and one of the greatest innovations in the last 50 years?
There is probably some other project out there in the world where he can contribute his skills to.
As it is becoming very obvious - there are many talented developers and innovations going on in altcoins etc. A lot of this talent is simply lost to Bitcoin because of him.
It is easy to see what we might be losing by him going.
It is not as obvious what we might be gaining - but it could be truly great.
~ papabitcoin
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3flhj3
When Maxwell did a Satoshi-like disappearance late 2015, the dev mailing list sparked into life with a lot of polite, constructive, and free-thinking discussion.
Tragically, the Maxwell vanishing act only lasted a month or so, and the clammy Shadow of Darkness fell once more on the mailing list and Core Dev.
I don't believe that he can contribute without driving away more development than he can attract.
~ solex1
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fq8ma
I've seen it many times - 1 person can affect a whole culture.
When they are gone it is suddenly like everyone can breathe again.
~ papabitcoin
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fs2hv
If I was maintainer of bitcoin I would ask Greg to go away and leave for good.
I acknowledge the crypto wizardness of Greg, but it seems to be the kind of person to only leave scorched earth after a conflict.
~ stkoelle
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fb0iu
If Greg is under stress, and feeling let-down by those around him, and striving to obtain his vision at all costs - then he would probably be better off stepping back.
If this is a repeating pattern for him, he should probably seek some kind of professional advice and support.
Smart people tend to get screwed up by events in life.
I don't bear him any personal malice - I just want him to go and play in some other sandpit - he has had his chances.
~ papabitcoin
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fqmd7
Greg's destructiveness seems to actually be part of a pattern stretching back 10 years, as shown by his vandalism of the Wikipedia project in 2006:
Wikipedians on Greg Maxwell in 2006 (now CTO of Blockstream): "engaged in vandalism", "his behavior is outrageous", "on a rampage", "beyond the pale", "bullying", "calling people assholes", "full of sarcasm, threats, rude insults", "pretends to be an admin", "he seems to think he is above policy"...
https://np.reddit.com/btc/comments/45ail1/wikipedians_on_greg_maxwell_in_2006_now_cto_of/
GMaxwell in 2006, during his Wikipedia vandalism episode: "I feel great because I can still do what I want, and I don't have to worry what rude jerks think about me ... I can continue to do whatever I think is right without the burden of explaining myself to a shreaking [sic] mass of people."
https://np.reddit.com/btc/comments/459iyw/gmaxwell_in_2006_during_his_wikipedia_vandalism/
Greg Maxwell's Wikipedia War - or he how learned to stop worrying and love the sock puppet
https://np.reddit.com/btc/comments/457y0k/greg_maxwells_wikipedia_war_or_he_how_learned_to/
And of course, there have been many, many posts on these forums over the past months, documenting Greg Maxwell's poor leadership skills, underhanded and anti-social behavior, and economic incompetence.
Below is a sampling of these posts exposing Greg's toxic influence on Bitcoin:
Greg Maxwell admits the main reason for the block size limit is to force a fee market. Not because of bandwidth, transmission rates, orphaning, but because otherwise transactions would be 'too cheap'.
https://np.reddit.com/btc/comments/42hl7g/greg_maxwell_admits_the_main_reason_for_the_block/
Greg Maxwell was wrong: Transaction fees can pay for proof-of-work security without a restrictive block size limit
https://np.reddit.com/Bitcoin/comments/3yod27/greg_maxwell_was_wrong_transaction_fees_can_pay/
Andrew Stone: "I believe that the market should be making the decision of what should be on the Blockchain based on transaction fee, not Gregory Maxwell. I believe that the market should be making the decision of how big blocks should be, not Gregory Maxwell."
https://np.reddit.com/btc/comments/3w2562/andrew_stone_i_believe_that_the_market_should_be/
Mike Hearn:"Bitcoin's problem is not a lack of a leader, it's problem is that the leader is Gregory Maxwell at Blockstream"
https://np.reddit.com/btc/comments/4c9y3e/mike_hearnbitcoins_problem_is_not_a_lack_of_a/
Greg Maxwell caught red handed playing dirty to convince Chinese miners
https://np.reddit.com/btc/comments/438udm/greg_maxwell_caught_red_handed_playing_dirty_to/
My response to Gregory Maxwell's "trip to the moon" statement
https://np.reddit.com/btc/comments/4393oe/my_response_to_gregory_maxwells_trip_to_the_moon/
It is "clear that Greg Maxwell actually has a fairly superficial understanding of large swaths of computer science, information theory, physics and mathematics."- Dr. Peter Rizun (managing editor of the journal Ledger)
https://np.reddit.com/btc/comments/3xok2o/it_is_clear_that_greg_maxwell_unullc_actually_has/
Uh-oh: "A warning regarding the onset of centralised authority in the control of Bitcoin through Blocksize restrictions: Several core developers, including Gregory Maxwell, have assumed a mantle of control. This is centralisation. The Blockchain needs to be unconstrained." (anonymous PDF on Scribd)
https://np.reddit.com/btc/comments/4hxlquhoh_a_warning_regarding_the_onset_of_centralised/
Blockstream Core Dev Greg Maxwell still doesn't get it, condones censorship in bitcoin
https://np.reddit.com/btc/comments/42vqyq/blockstream_core_dev_greg_maxwell_still_doesnt/
This exchange between Voorhees and Maxwell last month opened my eyes that there's a serious problem communicating with Core.
https://np.reddit.com/btc/comments/49k70a/this_exchange_between_voorhees_and_maxwell_last/
Adam Back & Greg Maxwell are experts in mathematics and engineering, but not in markets and economics. They should not be in charge of "central planning" for things like "max blocksize". They're desperately attempting to prevent the market from deciding on this. But it will, despite their efforts.
https://np.reddit.com/btc/comments/46052e/adam_back_greg_maxwell_are_experts_in_mathematics/
Just click on these historical blocksize graphs - all trending dangerously close to the 1 MB (1000KB) artificial limit. And then ask yourself: Would you hire a CTO / team whose Capacity Planning Roadmap from December 2015 officially stated: "The current capacity situation is no emergency" ?
https://np.reddit.com/btc/comments/3ynswc/just_click_on_these_historical_blocksize_graphs/
"Even a year ago I said I though we could probably survive 2MB" - nullc ... So why the fuck has Core/Blockstream done everything they can to obstruct this simple, safe scaling solution? And where is SegWit? When are we going to judge Core/Blockstream by their (in)actions - and not by their words?
https://np.reddit.com/btc/comments/4jzf05/even_a_year_ago_i_said_i_though_we_could_probably/
Greg Maxwell nullc just drove the final nail into the coffin of his crumbling credibility - by arguing that Bitcoin Classic should adopt Luke-Jr's poison-pill pull-request to change the PoW (and bump all miners off the network). If Luke-Jr's poison pill is so great, then why doesn't Core add it?
https://np.reddit.com/btc/comments/41c1h6/greg_maxwell_unullc_just_drove_the_final_nail/
Gregory Maxwell nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."
https://np.reddit.com/btc/comments/44qr31/gregory_maxwell_unullc_has_evidently_never_heard/
Greg Maxwell nullc (CTO of Blockstream) has sent me two private messages in response to my other post today (where I said "Chinese miners can only win big by following the market - not by following Core/Blockstream."). In response to his private messages, I am publicly posting my reply, here:
https://np.reddit.com/btc/comments/4ir6xh/greg_maxwell_unullc_cto_of_blockstream_has_sent/
Rewriting history: Greg Maxwell is claiming some of Gavin's earliest commits on Github
https://np.reddit.com/btc/comments/45g3d5/rewriting_history_greg_maxwell_is_claiming_some/
Greg Maxwell, nullc, given your valid interest in accurate representation of authorship, what do you do about THIS?
https://np.reddit.com/btc/comments/4550sl/greg_maxwell_unullc_given_your_valid_interest_in/
Collaboration requires communication
~ GavinAndresen
https://np.reddit.com/btc/comments/4asyc9/collaboration_requires_communication/
Maxwell the vandal calls Adam, Luke, and Peter Todd dipshits
https://np.reddit.com/btc/comments/4k8rsa/maxwell_the_vandal_calls_adam_luke_and_peter_todd/
In successful open-source software projects, the community should drive the code - not the other way around. Projects fail when "dead scripture" gets prioritized over "common sense". (Another excruciating analysis of Core/Blockstream's pathological fetishizing of a temporary 1MB anti-spam kludge)
https://np.reddit.com/btc/comments/4k8kda/in_successful_opensource_software_projects_the/
The tragedy of Core/Blockstream/Theymos/Luke-JAdamBack/GregMaxell is that they're too ignorant about Computer Science to understand the Robustness Principle (“Be conservative in what you send, be liberal in what you accept”), and instead use meaningless terminology like “hard fork” vs “soft fork.”
https://np.reddit.com/btc/comments/4k6tke/the_tragedy_of/
Gregory Maxwell - "Absent [the 1mb limit] I would have not spent a dollar of my time on Bitcoin"
https://np.reddit.com/btc/comments/41jx99/gregory_maxwell_absent_the_1mb_limit_i_would_have/
submitted by ydtm to btc [link] [comments]

Circle has still not responded to Peter Todd about whether they are implementing censorship or surveillance technology

so let me summarise,
mike hearn is a developer that has been pushing for blacklists, censorship, supporting regulation .etc he is a crony in the worst way.
peter todd is the developer who has done loads for bitcoin. the anonymity techniques in dark wallet were invented by him. he works for the people.
mike hearn wants to censor peter todd.
https://bitcointalk.org/index.php?topic=418071.msg6412027#msg6412027
circle is a new company that is always promoted by the foundation and their crew of people. they always appear at the top of conference lists for finance .etc
http://bitcoin2014.com/ http://www.bitfin.com/
jeremy allaire (circle ceo), makes statements that bitcoin needs to abandon its libertarian roots. we need to take this plaything away from the anarchists kind of attitude.
http://www.coindesk.com/bitcoin-abandons-anti-establishment-wall-street/
mike hearn is working with circle:
http://www.coindesk.com/circle-advisory-board-members-burns-appointment/
circle is working on tracking and surveillance tech:
https://bitcointalk.org/index.php?topic=418071.msg6403720#msg6403720
they refuse to answer questions (this is one of many, can't find the rest):
http://www.reddit.com/Bitcoin/comments/25ou9f/good_morning_reddit_we_know_youve_been_wondering/
mike hearn says the bitcoin dev model needs to change. backing up gavin (chief scientist of bitcoin foundation who is actually more like a figurehead to legitimise the foundation)... this is his way of pushing out elements by formalising the dev process to stop people to participate and take control.
http://www.reddit.com/Bitcoin/comments/28zts3/mike_hearn_interview_quotes_progress_on_the/
circle also this month made a similar statement (on coindesk):
http://www.coindesk.com/circle-ceo-jeremy-allaire-issues-challenge-bitcoins-core-developers/
note how he says "unwelcoming to new participants" - same words as mike hearn.
if you want to dev bitcoin, there's nothing stopping you. go write code or participate. don't try to assert control.
it's all related, bitcoin foundation being official with their claim to legimitimacy but no merit to back that up.
https://bitcointalk.org/index.php?topic=322328.msg3460051#msg3460051 "Just got a call from the bitcoin foundation. They wouldn't go on the record to comment on the article but just kept telling me "off the record" that you lot [Dark Wallet] have no credibility and that a much better story is some venture capitalist yesterday investing $9m in bitcoin..." ~email from journalist when we were doing DarkWallet crowdfunding.
btw check this,
http://www.reddit.com/Bitcoin/comments/2646ei/bitcoin_foundation_has_4600000_in_assets_90_in/
and despite all those resources they have done jack shit for bitcoin.
there is some big corruption going on here. foundation people are all flying all-expense paid fancy trips, paying themselves high salaries whilst most wallet developers and the opensource projects (which people use) in this space are without resources. they have contributed nothing to the community. there's been no proof otherwise besides some minor grants for ~$10k or so.
http://www.reddit.com/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/
people are like "oh dear, we need better legislation" without realising the foot in the door danger. it's like the used car salesman who rips you off with an overpriced crappy car which you jump on after "he speaks to the boss" (i.e smokes a ciggy), knocking down his initial high offer. wow! what a bargain!
G8 magazine, June 2013 "Protecting digital economies": "If the leaders of the European Union and United States could be convinced to take a lead on these initiatives [banning Bitcoin], that would be a huge contribution to making the internet a safe place for financial transactions. At the same time, it would also strike a blow against those who would try to destroy the fabric of our world’s well-being."
JP Morgan, Feb 2014 "The audacity of Bitcoin": "But followers of financial history know the limitation of a system based on a fixed or slow-growing money supply: it imposes uncomfortable financial discipline on governments, households and corporates. [i.e governments, consumers, the corporations" (goes on to talk about how printing dollars was used to fund WW1 and the Vietnam war as a good thing)
ECB, Oct 2012 "Virtual currency schemes": "Authorities need to consider whether they intend to formalise or acknowledge and regulate these schemes. In this regard, a likely suggestion could sooner or later involve virtual currency scheme owners registering as financial institutions with their local regulating authorities. This is a similar trajectory to the one PayPal has undergone, as it was granted a banking licence in Luxembourg in 2007 after its service became popular. This is not an easy step, but it looks like the only possible way to strike a proper balance between money and payment innovations on the one hand, and consumer protection and financial stability, on the other."
Mark my words. The problem is not with this regulation needing to be fixed. They will probably tone down the proposal and it will be hailed as a victory within the community, yet be another step toward normalisation of their activities.
http://www.coindesk.com/ben-lawsky-friend-foe/
"The choice for the regulators is: permit money laundering on the one hand, or permit innovation on the other, and we’re always going to choose squelching the money laundering first. It’s not worth it to society to allow money laundering and all of the things it facilitates to persist in order to permit 1000 flowers to bloom on the innovation side.” ~ Ben Lawsky
funny he's affiliated with chuck schumer too who is a populist and someone who in the early days was very anti-bitcoin (silk road).
i love the whole tone of this propaganda piece which is like "he's such a nice guy". I bet he has good manners too.
maybe you all appreciate this article,
http://motherboard.vice.com/read/the-dark-wallet-developers-plan-for-startup-governments-run-on-bitcoin
submitted by genjix to Bitcoin [link] [comments]

"Inside ChangeTip: A Special Buttcoin Investigative Report," -- All this and more, plus Andy Rooney, Tonight on 6 Blocks

Good Evening, I'm Lesley Stahl. Mike Wallace is out tonight.
Notice! If you just want to get to the most interesting part, skip to IV. Shill Bots

I. Introduction

In the world of Bitcoin, one startup has taken the community by storm. ChangeTip, a service that allows users to "tip" minute fractions of a cent to one another on online social media, has been rapidly accumulating a rabid, loyal fanbase of people spamming thinly-veiled bot-generated advertisements, in a decidedly clumsy attempt at native advertising.
More interestingly, ChangeTip doesn't even actually use Bitcoin -- it maintains a centralized, internal ledger of "who" has "how many bits" and then, when the user is ready to cash out, pockets the ledger-balance of "bits" and delivers dollars to their banking account. At no point in the entire process is a user does a user ever actually have to touch bitcoin, and at no point in the entire process of tipping is any money actually being moved around on the blockchain. Essentially, ChangeTip is a Bitcoin-based startup that in no way utilizes Bitcoin, save for the fanatical frenzy of the community of bagholders.

II. Metholodogy

ChangeTip manipulates the bitcoin bagholders into shilling. These bagholders try to encourage new recruits into the cult by tossing an inconsequential amount of money -- say, $0.0001 (or 1/100th a penny) at a potential recruit. The relationship is mutually beneficial & serves two purposes:
  • ChangeTip: gets an excuse to post its thinly-veiled native advertisement anywhere on social media (especially reddit)
  • Bitcoiners: get a way to try to indoctrinate other people into the cult at virtually no expense to them, thus potentially driving up demand and thus the price of a bitcoin (since supply is roughly fixed)

III. Privacy Concerns

Bitcoin is, of course, heralded by renowned sources such as /bitcoin as being an anonymous / pseudonymous way to send "money" to anyone, anywhere, instantly*.
ChangeTip, however, requires you to "link" your social media accounts to ChangeTip to function. Essentially, this means that with minimal effort and a few database queries, ChangeTip is able to create an online "fingerprint" of anyone using the service. For example, I could know that TulipCoins is also "Mike Hockhertz" on facebook, and can be found under the twitter handles @JIDF_4_LIFE and @WellsFargoCustomerSupport.
Why is this so alarming? Because ChangeTip doesn't actually seem to have any business model. From the time the company began til the present, ChangeTip has generated a whole $0.00 of revenue. There is an appropriate adage to cite here: "If you're not paying for it, you're the product." I will note that ChangeTip suggests that at some point in the future they will start taking a 1% cut of all "tips", however, as we will show later, this is probably a red herring.
To compound this problem, ChangeTip also enables users to "link" their banking account, and thus "cash out". As you can imagine, the possibilities are limitless for abuse here -- a single company knowing your entire social media makeup, and your bank account, and thus knowing your true identity as well. Needless to say, it is surprisingly accepted in bitcoin services for a service that connects-the-dots so much as it were given the anonymity/pseudonymity-intense community of bitcoin.
"But wait!" I hear you say -- you don't have to cash from from ChangeTip. You can send your money to another wallet and later cash it out at a Bitcoin Exchange. Yes, this is true, but forgetting an important key detail: the company that just invested $3.5 million in & effectively owns ChangeTip ("Pantera Capital") also has invested heavily in 2 of the biggest Bitcoin exchanges -- those being the Slovenian-run BitStamp and US-based Circle. The point is, even if you make the effort to move over to either of these exchanges, you can still be tracked (and rather easily at that).
* Your experiences may differ by up to 6 hrs. Numerous middleman fees & preposterous volatility may will apply. Drink the kool-aid responsibly.

IV. Shill Bots

ChangeTip seems to employ 2 kinds of Shill bots, in addition to their main ChangeTip bot. Important to note, ChangeTip has already been outed for running what I call "Giver" shill bots recently.
The end result looks like this:
"Giver" bot initiates:
Hey loofa,
Your comment has recived a RANDOM TIP!
100 bits changetip
I am a bot, going round Reddit sharing the news and joys of Bitcoin and ChangeTip . If you've never heard of ChangeTip, it's a cool Micro-Tipping service avaliable across a variety of social networks, including Reddit.
I do hope you'll accept this tip, and I hope to see you in the /Bitcoin and /ChangeTip communities soon! Happy Tipping!
changetip replies as expected:
The Bitcoin tip for 100 bits has been collected by loofa.
Bonus: an image from /bitcoin
ChangeTip info | ChangeTip video | /Bitcoin
"Promoter" bot tries to astroturf:
ChangeTipBot for the win!
Think I'm making this up? Check here, it's pretty much exactly what I just described.
Here's 2 "Promoters" in the wild: NewAustrian JennyCherry18
They followed around the ChangeTip bot responding with the same script (pick one):
  • Let it go viral!
  • Whoa, what just happened here?
  • To the moon!
  • ChangeTipBot for the win!
  • This. Bitcoin is here to stay!
  • Stay gentleman and keep on tipping.
  • The tips must flow!
  • Let it rain!
  • Micropayments are really taking off.
  • Ah crypto currencies. I love them.
  • Keep up the good work.
  • You're keeping the bot busy.
  • Is it Tuesday again?
  • Ah, Bitcoins. Nice.
  • Now try to do this with PayPal.
  • The tipping bot really shows what the community can do.
  • Nice to see more tips outside Bitcoin.
  • Tipping makes me smile.
  • This is everywhere!
  • Yeah, Bitcoin here we go!
  • Ignore the haters and keep up the good work.
  • Classic gentleman
  • Wow. Big spender.
  • That bot is very busy today.
  • This gives me a warm and fuzzy feeling.
  • A tip a day keeps the Bearwhale away.
  • Spread the love.
  • Let's hope the bot can deal with all the tips today. :)
  • Yeah, free money!
  • I really love this bot.
  • Is this for real?
  • Take that, /Bearwhale
  • This is VERY gentleman
  • And there are people who want to ban the bot...
That's what I got from going through 6 pages of the bots history. I can't even do this anymore, the shilling is just so fucking pathetic & what's even more pathetic is that its pretty goddamned obvious who is running it. Gee, I wonder who has experience writing reddit bots & trying to sneakily advertise their spamware through reddit comments?
The bot owner (aka, ChangeTip) apparently deleted all their posts after someone figured out what they were doing (click context on any of the posts in the user history). Fortunately, the idiots behind said bot didn't realize that if you just click "delete" on a comment in a thread, it deletes it from that thread, not from the user account, so we now have a living testament of the sad extents of shillery one very sad company will go.

V. ChangeTip's Balance Sheet

This is what I originally was writing this post about before assuming the whole 60 minutes schpiel. As has recently been pointed out elsewhere in /buttcoin, the founder of ChangeTip Nick Sullivan recently claimed to the New York Times that ChangeTip had transmitted approximately ~$250,000 USD as of February 1, 2015. Numerous users pointed out that this was more than double the previously reported amount (as displayed on their front page) of $90,000 USD.
However, for the sake of argument, I am going to make the following assumptions, which are extraordinarily optimistic and represent a "best case" scenario for ChangeTip.
  • Suppose Nick Sullivan is correct that they have transmitted $250,000 USD (again, actually it's $90,000 USD)
  • Suppose that ChangeTip has had a 1% fee in place from Day One (actually, they still charge no fee, i.e. 0%)
  • Suppose that ChangeTip has one employee (actually, they have at least 4 employees)
  • Suppose that ChangeTip has only been operating for 3 months (actually, its closer to >12 months)
Using the above suppositions, we can deduce the following:

Best Case Total Revenue:

$2,500.00

$250,000.00 * (1% fee) = $2,500.00 

Best Case Monthly Revenue:

$833.33/mo

$2,500.00 / (3 Months) = $833.33/mo 

Best Case Yearly Revenue:

$9,999.96/yr

($833.33/mo) * (12 Months/Year) = $9,999.96/yr 

Best Case Employee Salary:

$9,999.96/yr OR $4.81/hr

// Employee Annual Salary ($9,999.96/year) * (100% Yearly Revenue) = ($9,999.96/yr) // Alternative: Employee Hourly Rate ($9,999.96/year) / (52 weeks/year) / (5 days/week) / (8 hours/day) = $4.81/hr // again, this is assuming there is only 1 employee who receives all the money the company brings in over a year 

Best Case Employee Salary VS Federal Minimum Wage:

$-5,800/yr OR $-2.44/hr

Federal Minimum Wage = $7.25/hr = $15,800.00/yr ($9,999.96/year) - ($15,800.00/year) = $-5,800.00 ($4.81/hr) - ($7.25/hr) = -$2.44/hr // again, this is assuming there is only 1 employee who receives all the money the company brings in over a year // as you may notice, ChangeTip cannot afford even a single employee being paid the federal minimum wage 
At this point, I need to point something out to make it exceptionally clear. We've already used the absolutely-most-positively-exaggerated-and-optimistic figures conceivable to look into ChangeTip's balance sheets and we've found that even using those incredibly one-sided figures, ChangeTip couldn't even possibly pay for a single employee who works for minimum wage.
What I wanted to make clear was this: mind you, we're not even taking into account business expenses such as: taxes, office space, infrastructure, marketing, human resources, developers, testers, requirements, customer support, business planners, accounts payable, executives, dividends to shareholders, reinvestment in the company, etc. You know, what a business actually costs to run.

VI. Conclusion

In case you think that this has all been the work of a crazed know-nothing anti-bitcoiner sheep, feel free to peruse the knowledgable pro-Bitcoin(er) position on ChangeTip: http://hackingdistributed.com/2014/12/17/changetip-must-die/
A selection from said great article that was part of the inspiration for this post:
Back to ChangeTip: on its current trajectory, it is not a viable company. I am certain that the people who work for it are well-meaning, reasonable people. But the lack of a revenue stream is an inescapable fact. The math portends an unsustainable cash flow; they will ultimately have to fold or else change their business model. When the music eventually stops, our identities will be up for sale. Even if the company manages to stick to its current avowed business plan until bankruptcy, there is no telling what others will do with the ChangeTip data.
Feel free to double check calculations, but I think it's a pretty safe bet to say that ChangeTip is a gigantic PII-vacuum waiting to explode. I would feel bad for the changetipping bitcoiners, but in all honesty: this is the free market -- this is what they asked for -- this is what they deserve. Maybe the next ChangeTip will want to work on its reputation, amirite guiz?
Oh, and where there's credit due, there's credit due -- even /bitcoin seems to somewhat be acknowledging that ChangeTip is an insolvent spam-machine: https://www.reddit.com/Bitcoin/comments/305dco/changetip_statistics_coming_soon/
Please let me know if there are any errors & I'll try to correct them.

tl;dr lol ChangeTip

edit: updated some grammar & redid the bit about shill bots to show the process more fully
submitted by KillSnowden to Buttcoin [link] [comments]

Factom - The platform for global data integrity

What's all this fuss about today?
After years of design and testing of the protocol, and years of building software and an Enterprise client base, Factom is about to roll out the decentralised version of their Blockchain solution (M3).
And the market is asleep to it; chasing shitcoins and whales and pumps and rainbows on a magical unicorn. 2018 is the year of real-world usage of blockchain solutions - and that starts here with DATA.
The Factom protocol is ideally suited to Audit trails and data validation such as needed in the Mortgage industry. The Factom Harmony application is targeted towards that goal. Quietly 20-30 clients have signed NDA's with names released over the next few months. These are Fortune 1000 companies, but recently Fortune 100 as well. This includes banks, governments and insurance companies. Why?
You see the platform also suits data integrity of IoT - such as being tested by the US governments Department of Homeland Security. This is now moving into implementation stage with a wide range of uses.
Factom is also working with the Bill Gates foundation on a system of medical records in the undeveloped world. Factom eliminates the risk/liability of lost documents, and drastically reduces the cost of Audit.
Factom teams in Tokyo and Shanghai are working with the respective governments to trial Smart Cities in Asia. Factom could be used to secure the Land Titles in the undeveloped World.
But that's just a taste - there are a ton of use cases outside of Audit trails. Realise that every industry relies on data and by using Factom they ensure honest Business Process Management. See Factom blog for more.
They've presented a use case of preventing Sony Pictures from getting hacked, or stopping data corruption at Bank of America in the subprime debacle. The scope of this platform is endless.
Who's behind it?
Factom CEO and Co-Creator, Paul Snow is one of the most respected members of the Crypto world, having established himself at the front of the community over many years. He has spoken twice (afaik) in the US Senate - briefing the Senate Republican High-Tech task force. He was invited by Facebook to lecture them on Blockchain Tech. He regularly appears on expert panels and phone in calls to explain the applications of Blockchain to the world. There's so many pictures floating around on their twitter of him rubbing shoulders with industry big wigs. Simply put, Paul is moving in all the right circles.
He does this from a position of integrity. Factom's mission is to make the Worlds Systems honest - by making data accountable.
That's nice but why should they use Factom?
The team has set about from the start creating THE platform for data. Most other platforms are limited by scaling, and therefore seriously limits any application that can be built. See Cryptokitties on ETH.
You simply cannot transact a large amount of data directly through the Bitcoin/Ethereum platforms. Factom has solved the scaling issue by building a protocol ONTOP of the Blockchain - where thousands of entries can be made and secured with a SINGLE hash on an existing network. Sexy huh?
Their competitive advantage over other platforms are therefore cost and speed, via that single transaction of many entries, and infinite scaling via the layered data protocol. The security they 'piggyback' by anchoring to an existing network such as Bitcoin or Ethereum. Nifty!
But that's not all. The 2 token system (Factoids and Entry Credits) is built with Enterprise Clients in mind who may not wish to roll with crypto currency (FCT) on their books - but simply buy a fixed price token (Entry Credit), that isn't classed as a security, that only allows them to write an entry into Factom.
This creates transparency of use, regulatory compliance, and complete control of costs.
Game, Set, Match - Factom!
Who's running this 'decentralised' network?
After running in house on Factoms test servers - today they announced the roadmap to the final decentralised product. 65 servers will be running the protocol and each gets a fixed reward of FCT each month. This means that all 65 entities will be incentivised for the price of FCT to go up. Because the rewards are lucrative, companies will be competing for a spot to run a server.
Think about it - 65 companies dedicated to promoting FCT worldwide and spending their rewards doing so in order to keep their position. They'll be creating apps, social media, developing websites, running PR campaigns etc. If they don't, they get replaced by someone that will.
The other neat design is that the inflation rate of this reward tends to zero!
Where does it go from here?
Factom is an open-source protocol that anyone is free to develop on. Factom inc is just one software development company. Clients can simply plug in their existing apps to Factom.
Blockchain has the ability to transform industries in ways we can't imagine yet.
Blockchain has the ability to allow everyone to trust each other - because data cannot be corrupted, or lost. Through Factom, data becomes accountable.
As Paul said recently on the Booz Allen panel - "Data matches Hashes. Hashes matches Data. That's all we do". Factom makes the Worlds systems honest. It's now up to us to build more apps on this platform that will be used across industries, across the world.
Entry Credits are created by converting FCT. So as usage of the protocol occurs - FCT gets burned out of existence. And as the price of an Entry Credit is fixed, price of the coin (FCT) goes up with usage! Wow that's a smart system.
As we see more and more companies launching their apps on the Factom block chain - the price of FCT is mandated to increase with it.
Bring on those client announcements! In the meantime, check out their Website, blog, twitter, YouTube, the Factom University or the links/stickies in this reddit to find out more.
Let's get behind Paul and the rest of the team for this historic release!
submitted by BobbyEK to factom [link] [comments]

/r/TheRedPill Drilldown May 2014

/TheRedPill Drilldown

Of 3526 Users Found:
Subreddit Overlapping Users
asktrp 576
AskMen 281
seduction 202
MensRights 198
NoFap 164
relationships 153
sex 147
RedPillWomen 123
trpgame 112
leagueoflegends 111
cringepics 110
TumblrInAction 108
trees 90
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Fall in love with the problem, not the solution.

Hey - Pat from StarterStory.com here with a writeup from Ahmad Iqbal.
Ahmad was one of the first people I interviewed at Starter Story for his bidet business. Now he's working on building Shopify apps and wrote this awesome post about his transition:
One of the best pieces of advice I was given was to Fall in love with the problem, not the solution. And it wasn’t until I came across a big problem that I realized how perfect this advice is.

My name is Ahmad Iqbal and I’m currently running two online businesses. I am both an Ecommerce Merchant as well as an Ecommerce App Developer.
The first of the two is my online store where I sell hand-held bidets. The later business, borne of the need to increase bidet sales, guided me to designing and developing apps for other merchants, like me.
In this post I want to illustrate how I made the leap from selling bidets online, to building an app design and development team. It’s strange for me to say it out loud, "how does one go from selling butt cleaning appliances to building and marketing apps?" So when Pat from Starter Story reached out to do a follow-up piece to my original post I was happy to try and put my experiences into words. Not just for others to read, but for myself in documenting my journey.
If the title hasn’t already given it away, this will be about my relationship with Problems.
I'm going to start at the middle (quiting my job) and then go to 2015 when this 'starter story' actually started, followed by the meat and potatos of the frameworks we use in our app development model.
My desk and kanban board

Quitting my Job & Making Money through Shopify Apps

From 2015 to 2017 I was working full-time at a global Big Four firm as a Senior Technology Consultant. My job was to help Fortune 1000 companies get their products to market faster. During my time growing my bidet store, I was starting to become more and more immersed in growth marketing. So much so, that I spun out a marketing framework I used for myself and called it the "Agile Marketing Framework" for the firm. Everything I was learning on my own time for growing my own business, was helping me be better for my big clients at my job. But even though doing well at work felt great, it was WAY more fun helping small businesses. In 2017 I had decided the world needs better small businesses, not bigger big businesses.
But in order to quit my job (my Nadeef bidet sales were taking a hit with my attention now diverted between my demanding full-time job, app design/development, and supporting Scout merchants) I needed to figure out if building apps on Shopify would be a viable business model. Was it even possible to earn a living selling apps full time?
It seemed like a tough proposition. I would need thousands of merchants paying at least $20/month to create a successful business. I didn’t think it would be possible, until I came across the Bold Commerce story. This four person team in Winnipeg, Manitoba, had almost the same story as us. Merchants first, identified gaps in the app store, and deciding to build apps on Shopify. Bold Commerce now employs almost 300 people, with no outside funding to date, and with their growth solely on the Shopify platform. This case study was enough to convince us to take the leap, I wanted us to be like Bold.
Having decided it was in fact possible to build positive cash flows through app subscriptions on Shopify, next thing we had to do was get our financing organized.
We decided to take three months to prepare and think about if this problem was something we wanted to dedicate the next several years of our lives to. This three month period was my time to save as much money as I could, and test my own conviction. This time was a constant decision making cycle, where I continually asked myself if the market was big enough, if the problem was widespread enough, and if I had the right pieces in place. It was an important lesson from my first startup attempt almost seven years earlier. In my first startup we picked the wrong market, at the wrong time, with no experience or resources, and the result was a four year uphill campaign that left us in pieces.
So before quitting my job, every dollar of income was saved, Bitcoins were cashed, plans to move out of my parent’s basement were halted, and I started creating a partner network across the ecommerce ecosystem.
We had enough to focus on building our apps for 36 months without worrying about money or raising venture capital. Today we’re on month 12 out of 36.

Let's Talk About the Failure First

Instead of jupming straight into Scout (the first app we built and the main subject of this post) let me first tell you about one of our apps that did not do well. Our "hand-written" notes app was attempted after the initial success of Scout, but it was a wake up call to stay focused on the problem, not the solution.
After quitting my job, and landing on the bigger problem of customer experience as our company mandate (more on this later), we decided to offer hand-written note services. We figured customers would love getting a handwritten note from merchants, so with little else research, or testing, we went ahead and started building out this crazy printer.
A video about how it worked
The app would connect to your Shopify backend, identify your VIP customers, and then convert that customer information into a special Adobe Illustrator script that would feed into the printer. The printer then would proceed to start writing the notes in a handwritten style font (both the letter copy and the addresses on the envelope).
We rolled this app out as an added skill to Scout. Basically, when Scout would alert you about the previous days’ VIP customers, it now offered an additional button labeled "Send Handwrote Card" which when pressed would instigate our printer. When the card was printed, I’d just have to put the postage stamp on it and drop it off at the post office which was across the street from our co-working space.
I believe this idea failed because I fell in love with the solution (cool looking robotic handwriting printer) rather than the problem it was designed to solve. I still believe there is value in this idea, but by overbuilding the solution first, we lost track of what was most important.
If I had to do it again I would have done a few things differently:
1. Manually write and fulfill the cards myself while doing the merchant discovery
Because there exists an intimate relationship between selling the service, and having to manually having to fulfill the service. It gives you more appreciation for the process and what’s important to do it successfully. Like with Scout, where I called my customers up manually through finding their details myself, and only after seeing how to do it well proceeded to systemize it with an app.
2. Personally talk to each merchant who wanted cards written
This would have been the best (only?) way to validate the value of the service. How important is this service for merchants? What else do they wish they could give as 'thank you's? What price would they be willing to pay on high volume handwritten cards? How much does it bother them that the cards are not personally written by the brand, and hence not authentic?
3. Write 0 lines of new code
Why divert precious development time and resources on something if A) it’s possible to do manually, and B) there is no guarantee that it’s a lucrative idea?
Thinking back, this idea was destined to fail for several reasons. Writing notes is very time consuming, there isn’t enough volume in the merchants who wanted to use it, the authenticity of the cards dies if customers figure out it’s not actually written by a person (even though it fooled almost anyone who looked at it). Even if we had done this the lean way and manually tested first, I still think we would have stopped offering the solution. But if I had just followed my four step Identify, Test, Build, Measure framework we would have saved the $4,000 we ended up spending designing and developing the software, and sourcing this printer and it’s parts. I would have found out in the Test section of the cycle that this is way too time consuming and merchants have too many questions about it to feel comfortable signing off on handwritten notes on high volume.
The handwritten note printer is now a piece of decoration at our office, but hey, at least it makes for a good conversation! And it taught me what I'm about to share with you today...

Identifying a Problem

Rewind back to 2015, a few months after opening my Nadeef hand-held bidet store on Shopify I found myself tackling the abandoned checkout problem, something every merchants probably faces. For every three potential customers that reached the final stage of checkout, one wasn’t pulling out their credit card. The way I saw it, I was leaking 33% of my sales in the final, most crucial, "moment of truth."
I was new to this field, I didn’t know the jargon or the best practices, all I knew was I needed to plug this hole. I went down a rabbit hole of recommendations, blog posts, forum threads, apps and YouTube videos. I tried many tactics, with varying degrees of "success" but later I realized I was asking myself the wrong question.
Instead of asking "How can I recovery these sales?" I should have been asking “Why are customer abandoning their checkout?”
At first I tried to extrapolate why they abandoned through the default go-to answers most blog posts claim are the reasons, like shipping timeframes, pricing, return policies, etc. But I knew these weren’t the real issues causing the abandoned cart because I would address them in my auto-recovery emails, exit-popups, Facebook retargeting campaigns, or all the other ways I would try to reduce abandons.
As simple as those recovery tactics may seem, I now know I was overthinking it. There was only one thing I could do to figure out why someone abandoned their checkout. Pick up the phone, and ask them one-on-one.
Before I go on, I should state that my recovery rate at this point was around 10%. And Shopify’s dashboard told me this was a good thing. I just didn’t think that was good at all. It meant that for every 10 people who reached the final stage of their checkout only one person actually returned to buy? Sure it's better than $0, but what about the other 90% who aren't returning? Surely we could do better than 1/10...
...and I wanted to talk to those nine people.
Calling my abandoned checkout customers changed everything. It changed my whole perspective about how to do business, and it continues to change it even now. At first, there was hesitation to call up a customer out of the blue, but the desire to figure out the problem far outweighed any "worst-case" awkward conversation. Not to mention, they weren’t cold leads, these were highly interested customer who reached the final steps of making a purchase. In my head I kept telling myself this was exactly as if someone walked into a store, grabbed some items, placed them on the checkout counter, but just as they were about to pull out their wallet, they turned around and walked out the door. Wouldn’t the store owner ask what’s up? So I just smiled and dialled.
The results were tremendous.
I went from recovering 10% of my abandoned checkouts from auto-emails, to recovering 55% when I got them on the phone. Not only that but by gathering feedback and identifying holes in my offering the percentage of abandons slowly decreased as well.
I’ve outlined my learnings from calling customers in this diagram

Creating a Solution

I saw my process was working, but now I needed to systemize it so I could maintain consistency in my callbacks. I quickly learned that the longer I waited to call the abandoned customer back the less likely I would be able to recover the sale. I really just needed an alert app, one that would push notify me as soon as someone abandoned, tell me what products they left, and their phone number. There was nothing in the app store that provided this function.
Don’t get me wrong, there were tonnes of cart recovery apps available. The top results, the "Top 10" lists, all relied on exit-popups, and auto-emails. I didn’t want an app to take an auto-action by auto-sending an email, or auto-sending a Facebook message. I wanted to be told, so I could take action on it personally. I needed this because I learned how important the one-on-one relationship with my own customer was.
So I called up one of my friends, who was also the developer on my first start-up, and one weekend later Scout was born. It was stupid simple. 20 minutes after an abandoned checkout, Scout would email me with the key details I needed. When I got this email all I had to do was tap the phone number in the email and my phone would automatically start dialling. It wasn’t an exciting or sexy process. It wasn’t even very hard. There was no user interface to design, there was no website to develop, it was just a hacked prototype with one simple, useful, function. If an abandoned checkout, then email me. And it just took a weekend to build.
I used this prototype of Scout for my own needs for several months. It was easier to manage because I was push notified when I needed to take an action. It maintained my high recovery rate. And most importantly, it was fun to know when an abandon happened in real-time, it made my site feel more alive.
Bend the conversion curve
Having used it for a few months and not seeing any slowdown in its utility for my store, we decided this was a tactic every merchant should have in their sales strategy. We iterated on the first version of the email-only alert channel and made it a Facebook Messenger bot, sort of like a customer relationship focused personal assistant. Scout's job would be to alert merchants when a customer abandoned their checkout, and give you their checkout details.
So we published the free app in the Shopify App Store and one review at a time, we realized it was as useful for many others as it was for us. Merchants were sending thank you emails to us, and it was here we felt we had found our first glimmer of that ever illusive "Product-Market Fit."
You have to remember, during this time both my friend and I had full-time jobs, and I was also running my bidet store. Scout was in no way near something resembling a business. And we didn’t approach it at all to be its own business. We just wanted to put something out into the world that would have an impact. Plain and simple. Our first few installs came organically from the Shopify App Store, and a few weeks later we had a small spike as a result of Felix Thea’s Shopify Masters Podcast where, as a guest I spoke about Nadeef and mentioned Scout. We didn’t do any marketing for it until we reached about 1,000 merchants through organic search, which took over a year to achieve.
It felt good making an impact for so many entrepreneurs, but we didn’t feel we had anything to quit our jobs for, yet…

What is "Product-Market Fit"?

Finding product-market fit is a term used very frequently in the startup or entrepreneurial circles. If you’ve found product-market fit, it means you’ve figured out how to consistently deliver value to a group of people (and get paid as a result).
The two components in this equation are Product and Market. In my experience, the key is to start with the market. It’s important to start with the market because that’s the big immovable environment you’re in. It’s uncertain, it’s changing, there are producers and consumers operating in it already. One can’t create a market, one can only play in it, and so the market is the "hard part."
The product side of the equation is the easy part. These days if you can dream it, you can figure out how to make it, or get it made. For example, if you want to build a skateboard that can be converted into a surfboard, you could probably figure that out. Let's assume you've done that, it looks great, and has tonnes of cool features like an intergrated smartphone app! Awesome, great work!
But now that it's built, who’s going to buy it? Where do they live, what's the population of all the surf-friendly cities? Who suffers badly enough from carrying two boards? How big is the problem? How much are people willing to pay for this? How often do they need to buy parts/replace their boards?
The point is, if you confident in your answers to the above questions and your ability to establish a distribution and marketing strategy to your ideal target market, then it makes sense to start product developerment. The same rules apply for app development.
I will clarify that I didn’t think Scout had enough of a product-market fit at the time. I thought we had found some fit, but we still had (have) a long way to go. After all, it is a free app and no one pays for it, so we don’t really have a way to measure if it valuable enough that people pay for it.
The way this went down for us was simple. We were trying to solve my problem first. Being one of the participants in the "market" that had a problem with online sales, I slowly learned what I needed. And when I saw it helped/worked/was awesome, I had de-risked the product enough to feel comfortable going to market with it. In my case, it was as simple as publishing Scout to the app store AFTER knowing it was working for me.
Build, measure, learn diagram
This is again, why the advice of falling in love with the problem, is so great. Because it forces you to think about the market, and its needs, first.

Iterating the Product

Fast forward about a year after using Scout. I was looking through my list of customers, ordered from highest Lifetime Value (LTV) to lowest, and noticed something really fascinating. Eight out of my top 10 customers had originally abandoned their checkout and were individuals I had personally reached out over the phone. This means that by calling my abandoned checkout customers I was not only recovering the sale, but as a result they were turning into VIP customers.
This was a huge wake up call because it helped me understand the real problem in my online sales strategy. If calling my abandoned checkout customers resulted in them becoming loyal customers, what if I also called those who bought without abandoning? If the one-on-one phone call is the common denominator for the high retention rate, why not apply it to more customers?
Thinking back to the phone conversations over the previous 12 months I realized the most valuable bi-product of asking for feedback was not the sale itself. Rather, it was the lasting brand impression that a friendly, pre-sale service call had on my customer. Suddenly my high recovery rate made so much sense. The phone call earned trust with my customers and they were happy to come back and do business with me.
With this realization came clarity about our app focus. Creating customer conversations. Customer relationships are today's small business competitive advantage. And so Scout had its first major iteration, the opportunity we've decided to pursue is to enable customer relationships. We decided Scout’s job for each and every merchant that installs it, is to identify these relationship building opportunities and turn them into one-on-one conversations.
I like the below diagram (as opposed to the one earlier above) for explaining the concept in more detail because it outlines another key step, which is to test your hypothesis. Once you’ve identifying a new problem you want to solve, next thing you should do is run a test to see if your solution will work. If you can solve it, then you should build something to systemize it. If you can’t at least prove your hypothesis is true even a little bit, then I wouldn’t recommend investing more time in building a systemized solution (the product).
Identify/test/build/learn diagram
Once you’ve gone through the loop at least once, you should have identified opportunities for improvements, and this is where Scout is today. Currently we feel we’re on the Learn phase in our third loop.
For those who are interested in the math of our second "Measure" step as it related to my store’s results after 12 months using using Scout:
My top 10 customers had spent at least $600 on my store, through an average of 3 or more purchases. My top three had spent at least $1,000 in 5+ orders. As a comparison, the average customer LTV is $100.
Eight out of my top 10 overall customers were originally abandoned checkouts that I had called and recovered. They went on to be way more likely to become returning and word-of-mouth customers. Based on this, it was safe to say I needed to focus on getting more people on the phone, regardless of whether they abandoned first or not. This was the most recent learning which fueled the next round of product iterations.

Generating Installs

The Shopify App Store is pretty saturated today. There are so many apps on there already, many popular apps even have dozens of copycats. This makes it hard to market apps to merchants, because there is so much noise that’s keeping them from finding your app.
I wish I had some secret formula we used to grow our installs. What I will say is that the vast majority of installs come straight from app store ranking, which I believe is mostly dependant on the number of 5 star reviews and your usable of the right keywords. I’ve added a screenshot of our first 9 months below to show you what the growth looked like in the early days.
first 9 months of installs
You can see that for the first 4 months, we only generated 20 installs. And three of those were from my own store and a couple friends’. The other 17 I believe probably came from the Shopify Master Podcast that I was featured on. To be fair, remember that at this time we were not focused on Scout at all. I had my full-time job, as well as my bidet store, so there were no marketing efforts put into Scout whatsoever. So how did the growth suddenly pick up in January 2017?
I believe it had a lot to do with positive merchant reviews of the app. I think the app store’s algorithms started picking up the reviews we were generating and this caused a sort of upward cycle. Based on this, my advice would be, in order to grow your app installs, focus on your merchant support. Offer the best customer support you possibly can, and keep providing this level of support. It’s worked for us in the past, and it continues to work for us. Every few weeks when we generate several positive reviews in quick succession we watch our installs over the next few days, and it is noticeably larger.
Just like the theme of our apps, of enabling merchants to provide great customer experience, we do the same for our service. We are an app development merchant to business owners. We saw it working in terms of making product sales online, why wouldn’t it work for app companies trying to sell to other businesses?
So far the story checks out.

Customer Experience is Important (because it’s hard)

In my research around ecommerce success stories, I came across Zappos. Their business model was so on point I had to create some content around it in the form of several vlogs. Our series of vlogs talks about several topics around small businesses, especially the advantage that we have as small businesses. Hint: it has a lot to do with our ability to provide a superior customer experience.
To get back to Zappos, Zappos is an online shoe store based in Las Vegas, Nevada, that was eventually acquired by Amazon for $1.2 billion. It just sold shoes, the same shoes you’d find in any regular store, but it did so with a militant focus on the customer experience.
They do this so well that their business has a 75% repurchase rate. Even though it's an online retail business model, I strongly feel the same principles apply to all sorts of models, including SaaS, consulting, whatever.
So how did Zappos do this? They did this by reinvesting a portion of each sale’s revenue, back into the customer’s experience. So instead of taking $20 from $100 sale and giving it to Facebook or Google ads in the hope of acquiring a new customer, they would use that $20 to upgrade their shipping to overnight, send a free pizza, or offer unlimited free returns. This not only made sure they retained the customer (repurchasing customers spent more and bought more frequently), but they also created free word-of-mouth customers through the advocate marketing as a result of the great experience. Tony Hsieh, the CEO of Zappos went on to write a book called Delivering Happiness about this idea, which I would highly reccommend for all merchants.
Speaking of great books, another book also further opened my eyes to the lost opportunities at businesses who don’t focus on the customer experience. Joey Coleman’s Never Lose a Customer Again
opening chapter highlights an interesting ratio of 43:1. For every 43 books about sales or marketing, there is only one book about customer service, experience, or retention. That means the education around creating a customer far outweighs the education around keeping the customer. But why? It's a known fact retention provides more profitability than new acqusitions.
Thinking about why this is, I believe it has less to do with the difficulty of creating "wow" customer experiences, and more to do with how ridiculously easy it is to automate ads and marketing campaigns. I don’t think we’re against doing hard things, but when presented with the easy option, that’s what merchants will take.
Cycle of momentum
If the "orthodox" marketing tactics can be automated (and they can), you should also incorporate the unorthodox campaigns. Things like sending a free pizza and handwritten thank you notes, will close the loop for a complete marketing strategy.
Whether you’re marketing physical goods, or SaaS apps, or even professional services, it’s easy to want to automate everything. Automating Facebook and Google ads, automating email campaigns, automating chatbots, automating discounts, popups, and special offers, automating dropshipping; it’s really easy to do this, and the app stores are overflowing with apps that automate. It’s clear automation is the future, but there is no competitive advantage here.
And so in order to stand out, I’ve learned you can’t automate the hard things. You should try to do the important hard things personally, because it’s in those moments that you will build brand reputation and value.

More than One Solution (to the Problem)

We went from running a Shopify store earning several thousand dollars per month, to developing a suite of apps used by over 10,000 merchants.
Working on Scout, and seeing the success from it, we started ideating other ways of getting customers on the phone. Why does only an abandoned checkout need to result in the phone call? What if a customer is interested in purchasing but hasn’t clicked "add to cart" yet? To capture these unrealized leads we developed the callback app called Raven Callback. Raven turns website visits into qualified sales calls. It helped tremendously on my store, because it started to capture more leads due to its lightweight nature. I didn't think the contact/email form was working for me because it’s too much stuff for customers to type, and they perceive replies would take up to 48 hours, so why bother? Same with the livechat, since majority of small businesses don’t reply immediately. The “immediate” callback did wonders and customers continuously commented it was the best customer service they’ve experienced. So, we ran with Raven as well, based on the success I had with my own store we published it on the Shopify App Store.
Raven only has a few dozen merchants on our paid plans, but just those merchants have directly generated over $500,000 for themselves in sales over the past 3 months since we launched. Again, we’re seeing the phone channel as a great medium to close sales, and it works really well for certain products and services. I think any store that wants to have one-on-one conversations with customers, especially those who sell products over $200, should seriously consider the phone as a sales channel.

What’s Next

Now we’re working on publishing our third app, again, inspired from running my bidet store. It’s not phone related, but it is related to customer experience and building a relationship with your VIP customers. The app is called Pizza Party, and it sends free pizzas to those VIP customers.
Based on the learnings from the "failed" hand-written note product, this time, I'm focusing on more customer conversations about it before going ahead and publishing the app. We're not sure yet when we'll officially launch it, it's about half-way done, but I'm happy to chat with anyone who wants to use it for their store. It’s really fun and easy to use. When merchants install it they just outline the parameters of a "great" customer, like order value, lifetime value or order frequency, and then confirm which customers to send to. For example, if you consider any customer who spends at least $200 per order on your store as a “VIP” customer, then Pizza Party will send a free “thank you” pizza to that customer on your behalf. The merchant pays for the pizza, and we take a small percentage, but it’s super easy to get started and really fun to use. The feedback I was getting from my bidet customers who I sent free pizzas was just too awesome to pass up on this app idea. I sent free large cheese pizzas to customers who bought a few hundred dollars worth of bidets last winter and that small token of my appreciation turned into a few hundred dollars in more revenue; it was triple digit ROI. Customers said it was the best customer service they’ve ever had, ended up sharing the story with their friends, which then resulted in word-of-mouth sales.
If you’ve read this far you’ve probably put together the pattern here. I tried a marketing experiment for my Nadeef Bidet store, and if it worked really well I tried to systemize it. By focusing on solving our own problems first, we now have 3 apps, 3 more in private beta, and plans to roll out for several other platforms very soon. And thanks for reading! If you want to get in touch, or have any quetions, feel free to reach out via email or Instagram
I’ll sign off with a Haiku:
What better problem
Than the one you yourself face
To solve for others too
Liked this text interview? Check out the full interview with photos.
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