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June 02, 2011, 04:33:04 PM |
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I like the idea of the Bitcoin faucet, but it seems like there's something important missing: while trading 0.02 bitcoins with a friend is a great demonstration of how transactions work, it doesn't teach anything about spending directly on goods-- which is what the average person associates with _real_ money (as opposed to, say, monopoly dollars). The answer on the wiki (I think) is to do some work for BTC, in which case it's no longer a demo*, or to trade a currency like dollars for BTC, which just makes it seem like one is spending dollars in a roundabout (and unnecessarily risky) way.
So do the early adopters who have amassed many BTC currently subsidize any of the sites that sell goods or services for BTC? If not, I think it would be a good idea for select small, cheap items (or maybe even a music download). So a nerd merit badge which is currently 1 BTC could be sold for 0.02 if someone subsidizes that sale for 0.98 BTC. (For whatever the item is, maybe make it one per transaction/physical address, and maybe change the item being subsidized each week or so.) So in this case every 0.98 used as a subsidy equals 1 individual who has gone all the way through the BTC transaction process, and received a _real_ item in return. So you'd be encouraging participation in the bitcoin economy, and the only risk to the newcomer would be giving the name/shipping address to the merchant (for a music download there wouldn't even be that).
Encourages more people to get on the network, sparks interest in the economy, etc...
I couldn't find a thread about something like this, but apologies if I overlooked something and this is already happening.
* I think this is the point where people (wrongly) associate Bitcoin with pyramid schemes: in a pyramid scheme the scammer is _always_ asking the newcomer to do work, so in a way the free 0.02 BTC sounds like "bait". But I'm unaware of any pyramid scheme in which early adopters give bait to newcomers then spend way more of their _own_ money so the newcomer can purchase actual goods for %0 risk.
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