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Maybe I'm being paranoid, but your use of virtual currency strikes me as an attempt to later coin your own currency to "buy" other peoples' goods for free. It d
by brilee 14y ago
Maybe I'm being paranoid, but your use of virtual currency strikes me as an attempt to later coin your own currency to "buy" other peoples' goods for free. It doesn't bode well for trust, in any case...
- theswapdaddy 14y agoThank you for your concern. I will go over this with my your co-founder and come up with a way for consumers to feel comfortable that this won't happen. -Adam
- jwallaceparker 14y agoHelp me out here because I don't see how that is possible. If they "coin" more of their own currency it doesn't change the economics for someone who is interacting with their web site. Swapidy extracts value from users who: 1) Send them a physical good in exchange for virtual money 2) Send them actual dollars in exchange for virtual money The founder Adam could create his own user account and give himself a billion units of Honey, but if he spent it all at Swapidy he'd simply be ripping off his own company. Am I missing something? It's fascinating to think about, so thanks for the original comment.