Official account of the only truly global freelance marketplace where you can get stuff done starting from $5 #getmorewithbitcoin
Joined January 2019
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Yes, the email in this tweet applies to refunds/remaining balances as well teapawt.net/FivebucksC/status/1306…
In spite of our best efforts to find an alternative solution that would allow Fivebucks to live on, today we've had to resume our shutdown operations. Current users affected by the shutdown should write to [email protected]. The whole process may take up to 1 month.
Fivebucks retweeted
Sad to see @FivebucksC shutting down. This was the business that brought me into the Bitcoin space and it's CEO helped me on my journey and transition from BCH to BSV. I'll remain forever indebted to the Fivebucks team and wish them luck in their future endeavors.
Fivebucks retweeted
Aaaa, sad to hear this, got my first coding experience as a professional at fivebucks! (BIG thank you) (Yes, making even 1 is professional, and i made more!!)
Hope you come back with another project if not the same! Gl
These are numbers created by delivering pure utility. We didn't attend CambrianSV, Coingeek conferences, other meetups. None of that would have helped us do better in terms of users, as other apps who did show.
.@liujackc FYI: Fivebucks has had 1500+ email verified user sign ups, 700+ created orders, 50 orders between $20 and $270, 86 between $10 and $20. There was no Fivebucks app, just a website version. RelayX, your mobile wallet, has 1000+ downloads. play.google.com/store/apps/d…
.@liujackc FYI: Fivebucks has had 1500+ email verified user sign ups, 700+ created orders, 50 orders between $20 and $270, 86 between $10 and $20. There was no Fivebucks app, just a website version. RelayX, your mobile wallet, has 1000+ downloads. play.google.com/store/apps/d…
Your approach boils down to: spend a lot on ideas that haven't been validated because that way you will succeed. This is a tested approach, it leads to bankruptcy. Instead we (and others) recommend to first look for validation, and only build if data backs your projections.
7. Is this enough to make @FivebucksC viable? Don’t know, maybe it’s too early but at least you stand to grow if Bitcoin grows.
In its current conception, Bitcoin could be the world’s currency and it would still fail.
We created a platform/designed incentives. With more users/competition more and more unique services would have been listed as everyone tried to stand out from the rest. But there is no user population in BSV and we were the only ones fighting to increase it.
Few thinkers in BSV realize that Fivebucks is a project management site. In PM you've work packages, "five bucks" is a good name bc it attracts buyers, incentivizes spending, & refers to the smallest work package you can buy/sell on site. We targeted doers, not thinkers.
These were all features we would have developed down the line if we had seen a better business case. There was no business case. No matter where we look there is no user momentum in BSV. We achieved everything that could have been achieved with the current user population.
We decided to keep it simple. Fivebucks =! Fiverr knock off but a Fiverr alternative that gives more to sellers & buyers. In a world where money doesn't grow on trees, this provides a strong use case & business case. Didn't work out on BSV because there is no user population.
2. Get funky with payment structures.
You can’t win with Fiverr.com knockoff but just using BSV as the currency. You can pretend it saves credit card processing fees, but honestly nobody cares.
What do I mean by get funky?
Escrow, Crowdfund, Revenue share.
We'll answer your observations, for fun. Fivebucks implemented Handcash early on together with Moneybutton. They were the only payment processors available last year. Handcash was neglected bc we received practically 0 sales from Handcash users. Again, it was a business decision.
1. Site is still using @handcashapp abandoned Cashport for logins and payments. Delete that obviously.
Add in RelayX and Moneybutton and have all user profiles be Paymail.
Won’t increase current Fivebucks traction much but at least sets a correct base for future growth.
Jack we believe Fivebucks has delivered more users, created more utility and brought more people into Bitcoin than RelayX, with all due respect.
You are focusing way too much on form, rather than substance/incentives. Fivebucks was built keeping substance/validation in mind.
Just for fun, I will pretend to have taken over @FivebucksC and layout what I would do now given the situation at hand. Have never used the product. Thread 👇
Fivebucks retweeted
Very sorry to hear this. I was a satisfied customer and found the whole experience enjoyable and it produced an excellent result: coingeek.com/used-bitcoin-sv…
In spite of our best efforts to find an alternative solution that would allow Fivebucks to live on, today we've had to resume our shutdown operations. Current users affected by the shutdown should write to [email protected]. The whole process may take up to 1 month.
Fivebucks retweeted
¿Aún no conoces
@FivebucksC?
Es un mercado #online de #servicios #freelance donde puedes ofrecer la realización de tareas que se adapten a tus #habilidades a cambio de #Bitcoin(#BSV).
#AppsBSV
+ Información por @IDomsac
en el #ForoBSV de habla hispana👇
foro.bsvespanol.org/t/fivebu…
Fivebucks retweeted
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