3 ms·
Simbi (the bartering marketplace) looks interesting. Wouldn't it be functionally equivalent to building something that allows people to trade their skill for mo
by NhanH 10y ago
Simbi (the bartering marketplace) looks interesting. Wouldn't it be functionally equivalent to building something that allows people to trade their skill for money directly?
Also, does the user on Simbi pay ... taxes right now? It would be interesting if they don't and Simbi becomes big, cause IRS is really the one government agency you won't ever fight and win.
- puranjay 10y agoI had the exact same idea which I just sat around on...more along the lines of open requests ("I will do X in exchange for Y") Oh well, good for them - they executed
- ebalit 10y agoIt looks a lot like LETS [1], those non-profit through which you can exchange services with other members. There is often a social aspect in these systems and the exchange rate is more related to efforts than to the economical value. 1 : https://en.wikipedia.org/wiki/Local_exchange_trading_system https://en.wikipedia.org/wiki/Local_exchange_trading_system
- ojosilva 10y agoMy wife ran a Time-based currency market in Madrid 6 years ago, it even got the attention of the press. It's a slightly different model from LETS since time is the currency and different tasks are, therefore, all valued the same. I was the one to install and maintain the software behind it (called Cyclos, project.cyclos.org). I'm glad someone can turn that into a business, people really love to get help from others and/or offer their own services. Although my feeling is that there's considerable churn in both supply and demand.
- ebalit 10y agoTurning it into a profitable business could increase this type of market by investing in the software infrastructure and promoting this type of trade. But I wonder how they plan to extract a part of the value that is traded on this market. It's not really possible to take fees.