GajuPay and Global Gaju Adoption

00:00:00 Global Adoption Strategy Discussion
00:09:48 Blockchain Payment Solutions
00:19:49 Smart Contract Payment Process
00:32:24 Evolution of Payment Options
00:37:39 Trust Signals and Governance
00:42:59 Creating a Stable Gazu Economy
00:56:10 Winning the Currency War
00:58:28 Windfall Profits Not Business
01:01:00 Revolutionizing Banking Relationships
01:09:16 Incentivizing Local Businesses
01:51:25 Amazon Price Checking Strategy
01:57:43 Low Transaction Fees
01:58:30 Gazu Markets Transaction Fees
02:04:41 Peer-to-Peer Transaction Efficiency
02:09:38 Mining Operation Equipment Requirements
02:13:21 Mining on Basic Equipment
02:17:55 Decentralized Mining System

Discussion focused on the development and promotion of GajuMarket and GajuPay as alternative payment solutions in the blockchain world.
• Scott Thomson discussed his background in billing and payments, emphasizing the importance of adoption and value proposition.
• Gregory Chew highlighted the goal of creating a real currency that truly works, emphasizing decentralization and widespread adoption.
• The team is focused on initiatives like GajuMarket and GajuPay to drive adoption and create a real alternative economy.
• GajuPay is a QR code payment system for retail transactions, ensuring secure and fast payments.
• It helps businesses manage multiple cashier accounts, track payments, and integrate with local accounting systems.
• The company aims to tap into existing expertise to bring practical solutions to the crypto world.
• Sales in Gaju Market involve smart contracts and negotiation modes for buyers and sellers.
• GajuPay allows for simple online transactions, while GajuMarket involves smart contracts and negotiations.
• Broad distribution of Gaju is crucial for it to function as a currency and avoid hoarding.
• Plan to make blockchain accessible for all, not just as currency but as an alternative economy.
• Emerging payment options like Apple Wallet and Google Wallet are crucial for consumer adoption.
• Avoid governance in proof of work chain to prevent perverse incentives and ensure longevity.
• Small business owners encouraged to accept Gajus to create local marketplace
• QPQ Capital subsidiary to set up decentralized exchange for on/off ramps
• Stability and value of Gajus crucial for widespread adoption and market growth
• Windfall profits are not a sustainable business model in the blockchain world.
• Focus on restoring the value of banking and building a movement around technology meeting humanity.
• Utilize word-of-mouth campaigns like WhatsApp to spread simple messaging and gain trust from users.
• Stick to principles of incentivizing mining memberships.
• Gajus given as rewards for tasks, not for free.
• Gaju distribution: 25% community, 25% bonus pool, 50% stability fund.
• Use Gajus to buy mining seats, promote referrals.
• Engage local businesses to accept Gajus for transactions.
• Transition to a human economy with open resource layer.
• Amazon uses price checking to prevent sellers from undercutting their prices on other platforms
• Blockchain technology allows for low-cost transactions without middlemen fees
• GajuMarkets aims to disrupt traditional payment systems by offering low transaction fees and cutting out middlemen
• Peer-to-peer transactions on the blockchain are native, with no intermediation, allowing for low-cost transactions.
• The business offers value-added services like automated invoicing and payment systems, charging for these services.
• Mining can be done on basic equipment like laptops and Mac minis, making it accessible to all households.
• Whitelist mining period begins on March 24th, with potential for a slight delay.
• System designed for fair mining distribution, with plans to avoid concentration of mining power.