Byteball Use-a-Thon: Byteball - A New Method of Paymet to Improve the Quality of Life for Venezuelans

in byteball •  4 months ago



I think that crypto currencies are the next step in the evolution of money. In today's world they offer many advantages over traditional banks, and more advantages in a country like Venezuela, which has has experienced hyperinflation and has failed in many of the basic daily services.

The Country has a massive shortage of cash money to make payments, which has led to people having to get used to paying by credit / debit cards machines or alternatively by making bank transfers on the bank's website.

But the debit and credit machines in Venezuela often fail and are slow to process the payment, causing long lines of people waiting to pay. Even when you are going to pay by website transfer, sometimes the bank fails or the Internet fails.

For all these problems, I can easily see how Byteball could be an innovative solution.

With the mobile application of Byteball you can make money transfers easily and in a matter of seconds, the other person will see the money in their wallet. It would only be necessary to have money in the wallet and put the address of the person to whom you are going to transfer with an optional description but then it would be ready. It could be very fast

Without having to wait and make long lines, in a matter of seconds you make the payment. It is that simple.

Now, for this to work there must be money circulating and in fact, already several exchange houses in the country buy Bytes, Steem or BTC such as @capybaraexchange or @orinoco.

Easily anyone could contact them by discord or by their telephone number to acquire or sell bytes by Bolivares in Venezuela.

User adoption of crypto currencies is very important. How can we teach or train people to use the coin?

How do we achieve this?

To make any cryptocurrencie work, in this case the bytes must be get then to be used daily as a payment method for goods, food and services.

So I interviewed a group of workers from the society of my city and business owners to see if they were prepared and willing to accept payments with cryptocurriencies (BYTES) for the service they offered and after speaking, several of them were willing to try this new payment method, among those:

1 ) A shop of selling groceries and charcuterie

2 ) A sale of vegetables and fruits

3 ) A line of taxis

Having shops that agree to pay bytes for food or the items that people need on a daily basis, will increase the chance that people will use the BYTES, because it is being useful.

In the next few weeks I will work with the owners of these businesses to ensure that the bytes are used as a payment method through the BtyeBall Mobile app.

If I win the weekly prize I will use part of the money to carry out an airdrop in my community and that these people buy food in those places and also they can use the taxi line paying with those bytes that I will give them, and then hear and report about their experiencies.

(If I do not win the weekly prize, I will do it anyway.)

Now we need people to really use the Mobile App and the bytes to pay and the biggest problem is: A lack of Information.


There could be 1 person who were paid to be in the business shops and explain to clients that are interested in learning to pay with byteball, after an explanation of maximum 10 minutes, that client should have already learned and be ready to pay with bytes after having installed the app. I plan to test this out.

It exists and it is useful but many people do not even know about it, the people just need to discover and try it, so under their own experience they will see how easy it is to pay with Byteball.


I can also clearly see how we could achieve a massive adoption of users in Venezuela if we make an Airdrop and give them the opportunity to exchange this money for food, goods and services.

I know that even $ 1 would be enough to get a considerable number of Venezuelans to join and more if they can exchange it directly for food.

The word could spread quickly because it really solves some of the problems we experienced when making payments in Venezuela and so on.

And the best advertising/publicity is the one that is made from person to person for the good service provided.

So I've already talked about how we can make the money circulate through the exchange houses, I've got business owners willing to accept this money to be used for goods and services and finally, with the correct dissemination of information about byteball and an Airdrop we could achieve a massive adoption of users.

Now let me tell you about other ways in which using byteball as a payment method could improve the lives of Venezuelans

By having the way to save the money in BYTES instead of Bolivares, - Venezuelans could scape from the inflation that is lived in Venezuela and that makes the Bolivares have a diminishing purchasing power everyday more.


This is very important in a country like Venezuela that has expereinced such high inflation prices change daily!

Unlike Bolivares, BYTES can increase in value over time, making it a good option for Venezuelans to save their money.


Byteball also allows people from abroad to send money to Venezuela's interior easily and without intermediaries.


It is well known that many of the people who emigrated to other countries send money monthly to their relatives who still live in Venezuela to help them in the crisis. These people go to foreign exchange houses that charge up to 10-20% commission for the exchange. In addition they only work during office hours and neither on weekends.

With Byteball, people abroad could buy Bytes and send them to their relatives inside Venezuela in a matter of minutes and without going through intermediaries or paying high commissions.


I believe that ByteBall can help Venezuelas through spending, saving and remittances.

And in the next few days I will work to prove it

I will report on the work done with the owners of the business and their experience accepting bytes, as well as the experience of the people to whom I will give some money so they can go to these sites and test the application.

If you have any questions, doubts, or suggestiosn, leave it in the comments and I will gladly explain.
Venezuela could offer a unique and effective soltuion to the average person caught up in a very bad economic crisis. Lets bring hope and crypto to Venezuela, one Byteball trasnaction at a time.

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Very good post! We received an entry fee from a privately attested user and thus we have no idea who the user actually is. Since your name isn't yet in the list of contestants, and your Steem username doesn't show up on then it's quite likely that you are then participant that we haven't been able to identify yet.

To make it possible for others to follow (and potentially receive weekly awards or one of the final prizes) please go to your wallet and enter the chat with the Steem Attestation Bot. There, you can re-do the attestation but this time make sure to chose "public" attestation. That way, your Steem username will be linked to the wallet address, which also allows others to send Bytes directly to your Steem username instead of the long and cryptic wallet address.

When weekly awards are transferred, the Steem username of the winning participant is used to perform the transfer, so a public attestation is needed. If you need any help with changing the attestation to "public", please join the Byteball Slack and join the #byteball_use-a-thon channel. There, you will also find other contestants and be able to get good ideas and assistance to realizing your project.

A final word too: When you start exploring the possibilities to onboard merchants on the idea, I believe the Byteball Cashback program could be a further incentive to get both merchants and customers to want to try this out.


Thanks you very much for the call, i appreciated it. The attestation problem is solved now, my steem address is public now!

A final word too: When you start exploring the possibilities to onboard merchants on the idea, I believe the Byteball Cashback program could be a further incentive to get both merchants and customers to want to try this out.

That is really interesting, i will read more and learn more about that program to include it in my action plan!

Dude I TOTALLY fully agree with you that crypto can mean so much for the future of countries like yours. I also wrote something earlier in the week about curacao looking into the options of crypto which would mean the same kind of positivity as for you guys..

but the difficult thing,....getting the people on board


but the difficult thing,....getting the people on board

INDEED! but i presented a plan for that!!

One solution is that one person coul be paid for stay at the shops and teach the clients how to pay with bytes, at the loong time these people will spread the voice. i do believe that once they tried paying with cryptos people will start to use it daily.

they just need to understand it and that will the work of that person.

the other option is airdrop, even 1$ could easily get people into the platform and once they discover these other points i explain, is likely they will prefer to pay and own it instead of bolivars.

with these two solutions we could get a lot of people on board!


You could also bring people onto steem as well, get their accounts up to the correct rep and claim airdrop maybe? I'm not sure if the byteball airdrop is still running, but that would be another way of getting some value (for freeish?).


The airdrop is still running but it only work with accounts created before july of this year, so new accounts wont get the reward.

The main problem right now with steemit to be masive adopted like that is that accounts need 2- 3 weeks to get validated.

that makes it harder to get the plan implemented, but hopefully with the next hardfork that problem will be solved and then we will see...

Nice Post. I too believe that real time use is going to the tipping point to mainstream user adoption. Venezuela has fallen hard, this is a country of of relatively high wealth and education that has fallen hard due the communism inspired economic crisis. This mean you have a lot of smart educated literate people -wasting time to stand in line for basic services like banking and grocery shopping. If instead we educate these people to use crypto, and they can avoid the lines, widespread use could quickly come. I guess what I am saying here is that Venezuela has a massive need, sufficient infrastructure, and lots of human resources. If some of these were directed into crypto adoption, there could be huge benefits.


You are sooo right with what you say.

i also believe that the economic crisis wont last forever you know. And Venezuela is a very rich country, so in a future when Venezuela fixes itself, these people that already know about crypto, byteball and steem could actually start to put big amount of money into it

This is amazing.

I don't really know what Byteball is (although now I am learning more about it), but I think the idea you have is what blockchain and crypto are all about.

I'm really impressed that you are getting out there and talking with vendors about starting to accept payments.

This is the tipping point we need for widespread adoption of crypto. I'm starting to accept crypto for my services, but the people who come see me aren't necessarily in the market, so I consider what I'm doing as opening the possibilities for them and educating them about this alternative currency.

Looking forward to reading your updates on how you go with this. Watching with great interest.....


That's the main problem, generally, most people arent not on crypto or doesnt haven their money on it.

And the best we can do is to offer the people a easy way to exchange their money for crypto, and their crypto for goods, food and services.

if these both requeriments are filled, people will join jump into crypto really easy. but they need to discover it

So paying to a people to teach/train the clients will be do a good job, and after these people descover it and try it out is more likely they will continue to use it, beacuse lets be honest, when we understand crypto we also understand that they are better than banks.

Looking forward to reading your updates on how you go with this. Watching with great interest.....

Great!! i think these reports will be something really interesting to live and read jajaj

Great work, hope to see the tyranny of the banks toppled finally!


Great work, hope to see
The tyranny of the banks
Toppled finally!

                 - sammosk

I'm a bot. I detect haiku.


People will emigrate to crypto, i know it! is just matter of time

You got my vote kiddo along with my prayers for you and your Countrymen. It is a sad situation, but as always I am very proud to know you and your dad, two of the most giving people I know.


Thaanks for your words sargento and for all the support you has given to YAH!! you are a awesome man too! Hopefully the things will improve with the time, but right now we need to figure out what work best and work for that change

You have a minor misspelling in the following sentence:

** It would only be necesary to have money in the wallet and put the address of the person to whom you are going to transfer with an optional description but then it would be ready.
It should be necessary instead of necesary.


Fixed :) Thanks!

Hi there. To enter the Use-a-Thon, please see Perhaps your Steem attestation is private (address shown later in that wiki page) -- it needs to be public.


:D awesome

excelente bro! el equipo de Byteball ha sido de genial ayuda para el país, y han estado muy pendientes de la situación aquí, me alegra mucho leer este post!

Maybe you start a cooperation with unknownheroes for your target.


Yes! i know him , he is part of the alliance and me too. This is a great idea!

Hello :) thanks for the attempt of mention, this is our account.


Thaaanks for the correction, i just edited the post and fixed it!!

SOMETIMES it takes a crisis to force PROGRESS.
Hopefully this will find you in much better shape
in the near future! This may be coming to the
rest of the world, and very soon...


indeed! hard times bring clever solutions! it makes the people to adapt and evolve!

If you manage merchants to accept Byteball then I have made a tool, which might help them, they can enter their address and for example 10 million Bolívar fuerte (VEF) as amount and it will show a QR code that customer can scan to initiate the payment in bytes. It has Bolívar soberano (VES) too, but i think the currency rate is not correct at the moment.


Maan that tool will be really useful!! i'm looking forward to talk more with you and fixe it i just pm you in slack


There is now a possibility to define a custom currency rate too.

Great idea ! Are there many merchants in Venezuela who accept Byteball as payment ?


Not really, convincing them to accepts crypto require that somebody approches them to explain how crypto works and could actually benefit them, and thats what i did with some bussines owners i talked and interviewed