Using startchat as a simple micro payment platform on the forum?

Discussion in 'General Precious Metals Discussion' started by phrenzy, Sep 30, 2015.

  1. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I've recently started to look into some of the small venture capital pitches on bank to the future and one of the products that's already up and running caught my eye. It's called stsrtchat, very simple messaging and crypto transfer app for your phone. Basically it's just a one click micro transaction soloution for crypto.

    The reason I thought it was interesting for our purposes is that it would make a very simple platform for sending small amounts of value for transactions on the forum. Someone has something to give away or your doing a trade and there's a small postage fee that someone has to cover fot example, you could just and them a small crypto payment instead of a bank transfer for $3.70 (which could take a couple days). Or perhaps there's a few dollars difference in value for a trade, you could offer a little startcoin or BC on top.

    The other thing it seems to be being used for is to fund small projects, i.e if someone is going to run an errand or do a job for the benefit of multiple members everyone could send a little crypto, sort of a micro rewards program. When people put together large reference threads for example that are for everyone's benefit and might take hours ti compile it might be cool to be able to (completely voluntarily of course) send a little thanks.

    I just think having a semi-standard crypto program for the forum might be useful. There are lots of times I wished I could send someone a very small thankyou or sweetner, but asking for bank details to do a $5 transfer or for someones address and also paying postage to send 1 round 50 just didn't make sense.

    I don't envisage it being used to buy kilos or ounces (never say never though), but it makes it easy to chip in small change.

    The platform seems to be about as straightforward as you can get, you get s little qr code that has your wallet information in it and someone just scans it and enters in an amount. If it really took off you could even have a little link that would open up your qr code next to the PM and email links next to your name and avatar on each post. You can also do it all online in your browser for those on a PC, just copy and paste the wallet address.


    I'm pretty set on investing in startchat while it's still open (I'll provaby only kick in a couple hundred dollars), mostly because I can see it being really useful for little things like this. Also, startcoin has a lot of precious metals people involved/interested in it, mostly because of Max Keiser's support of the coin (he's not involved in startchat the company as far as I'm aware though). Because of this I think there's a reasonable chance that you will see some PM related projects come up in the future that would accept the startcoins you earned on the forum.


    Do you think this would have much use here? Just wondering what people's thoughts were. Having a non cash payment that's this easy send like this could be helpful right? Obviously it would work best if everyone was on the same platform, maybe this might be the one. Even if we didn't use startchat I think a similar little system for the forum might be useful and cool.

    I'd be happy to start dolling out some start coins when I see really helpful or funny things on the forum to get the ball rolling and put some in circulation.

    Thoughts?
     
  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    If asking for ETF details is too much trouble for small transactions, then wouldn't installing and learning startchat also be too much trouble?

    I don't see any real advantages over ETF?
     
  3. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Just thinking if the QR/wallet code was available as a link next to everyone's avatar then you could send someone start coin without having to go back and forth PMing each other to exchange details. It would also be instant, I've waited up to 3 days for EFT transfers to other banks here (plus my electronic banking requires 2 step authentication every time I send money to someone new, it's actually a pain I would avoid for anything under $10). None of that is particularly onerous but for little donations/transactions I can imagine using it.

    In my thinking though it would in large part be used in situations where you might not actually send cash normally. A bit like kudos or karma on reddit, for doing helpful or cool things.

    Plus it would just be cool to have a forum standard crypto, as is the way with such things I'm sure once the technology is there that people will find inventive ways and uses to employ it that I can't even dream up yet.
     
  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    Isn't that exactly what virtual currencies such as Bitcoin and Litecoin already are capable of? Why use startchat?
     
  5. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I believe you can send BC through start chat anyhow so that's kind of the point, you could send either. The benefit for me is twofold, firstly the complete ease of the platform, click and send. The second is with regards to start coin (which you wouldn't have to use, you could send BC) and the sort of projects that are being funded with it. That's kind of why I think it works well as a way of rewarding someone who's done something cool, they can then pay it forward in a material way to someone else doing something cool, the whole central focus of the coin is funding start up projects (some commercial but most non-profit or just fun). It's all convertable to any other crypto you might want though.

    That's why I'm suggesting it for trivial amounts of money, it's kind of a way to to donate your spare change while at the same time rewarding people here or evening out small transactions. Like small change though you could save it up and put it towards an actual investment if you wanted.

    Some start coin non-profit projects:

    Social media site for academics to pitch their projects and recieve small funding:

    https://www.startjoin.com/PitchYourProjec

    Non-profit run by veterans to fund service dogs for other vets:

    https://www.startjoin.com/loyalwarriors

    An animated series that has world leaders like Angela Merkel behind bars talking about their more contentious policies:

    https://www.startjoin.com/BBCMerkel

    Then there are the for profit start up's you can invest in at www.banktothefuture.com . There's been some really interesting ones, though I missed them, like Bit Capital that let's you offer VC for broad crypto start ups. You would need a lot of start coin to buy a whole share in one of these but you can use it as part payment.
     
  6. sterling-nz

    sterling-nz Well-Known Member

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    Well they claim to make transactions 10X faster than bitcoin , yet they are 1000X less recognized.
    Just another crypto to add to the ever increasing mass of them.
    As you were asking for opinions mine shall be negative ,as just looking at those links you gave and a quick google shows nothing OUTSTANDING about this to separate it from the masses.
     
  7. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I'd be happy to use another platform, wouldn't have to be start chat or start coin, not wedded to them specifically. I just like the idea of having a non cash electronic value medium for the forum regardless of the actual coin used.

    Would you guys be interested in adopting a simple bitcoin or lite coin service? Are there really simple wallet services for them for micro transactions?
     
  8. Golightly

    Golightly Well-Known Member Silver Stacker

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    Yay Someone else has found BTTF, I have been using it a while now & got in some great businesses. I got in on BTC capital Tranche 1 just using my debit card, also Bit reserve and many others, just the exchange rate kills me.

    Startchat is awesome I am buying into it, and yes anyone wants to sell me silver and use it would be great, Not only sending money through a messenger style app but being able to send remittance through text msg for people without smart phones is huge!!! watch out Whatsapp.
    It's not just startcoin either can send BTC via the system, also it's in a partnership with Shapeshift which is solid..

    Imagine if it could be embedded in a forum like this and to pay one another was as easy as sending a PM small at first but same trust factor is needed, banks don't get to hold your money to put in the casino for 3 days ..

    Anyone inspired by Banktothefutre Vaultoro is still open for funding, A Gold/BTC pair to trade on is tasty
     
  9. Golightly

    Golightly Well-Known Member Silver Stacker

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    Dude you clearly don't bother reading the Bitcointalk ANN's or go on startjoin, I was funding something on it recently and the community is fantastic,
    Start is one of probably only 5 coins that actually have a purpose. they now have a board, fulltime Dev's and customer support, the only coin that does. Plus Max Keiser talking it up constantly

    watch the price in the next month. for posterity right now it's 14104 sat's REALLY CHEAP..

    And watch WBB also ;)
     
  10. tozak

    tozak Well-Known Member Silver Stacker

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    And if all the Stackers had a Xapo account we could all do instant transfers with no fees, so many coins and also so many platforms, when would there ever be a consensus

    Perhaps we should just pre-mine some SSCC 'Silver Stackers Crypto Coins' and just dish them out to all the members here
     
  11. Golightly

    Golightly Well-Known Member Silver Stacker

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    Startchat will be first to offer payments via SMS.

    This was seriously discussed during late 2013, GP looked into it from memory. plan was to give out based on membership but better would be
    an instamine where we could buy the coins off Goldstackers and use them to trade on SS through private msg or an app then coins could be used to buy PM's off GS or cash out
     
  12. tozak

    tozak Well-Known Member Silver Stacker

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    Start coin will never take off, Dev's pushed chunks of their pre-mine onto Max and Jason to pump it from the get go and it still flopped. Cryptsy and Bittrex is the only reason the coin is even still around now after the McxNow Start Coin disaster. There is nothing new in Start coin, however there are other coins that offer more. As for Max about to pump it all I can say is hows the Max and Stacey coins going atm?
     
  13. Golightly

    Golightly Well-Known Member Silver Stacker

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    the Premine is given out weekly to members of Start join who donate, I park my coins on it for the interest. Karl Gray has just taken over and it will be put into BTTF as in house coin.
    I thought all was lost to but the next few months will be interesting I think,
     
  14. tozak

    tozak Well-Known Member Silver Stacker

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    The crypto world is a world full of pump and dumps, while there is some life left in a coin then it will get pumped a few more times. I trade in and out of Ripple, Litecoin and Dogecoin for that reason, watching the long term ratio's between them. I would not be surprised to see Start Coin pumped up a few more times but I don't see it changing the world, it's just another vehicle to flip at a peak but agree if your holding some you may do alright out of it when it's pumped again.
     
  15. Golightly

    Golightly Well-Known Member Silver Stacker

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    Oh yeah, It's all about accumulating more Bitcoins. The rest are just a vehicle for now, except maybe LTC
     

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