Yes, the email in this tweet applies to refunds/remaining balances as well xitter.cf/FivebucksC/status/1306…

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…

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.

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.

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.

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.

Censorship, lack of transparency, cover ups and false narratives are bad UX. They lead to a culture that is characteristic of many bsv apps where users seem to be seen as problems. Users have a right to speak up and be heard instead of being bullied into silence.