@faceface
@adam
@faceface
@adam
this is a fundamentally better way once we work out the bugs.
Why?
Tokens that can be redeemed for something valuable are better than the something valuable by itself because chances are pretty good the something valuable is difficult to buy/sell/trade. By making a token specific to that purpose, you imbue the value of the thing with the transmissability, verifiability, etc. of the bitcoin network onto whatever it is you're representing.
Not if I don't honour the backing. Of course this is 'the big problem', how to tie blockchain technology into the real world, but, well... it's a problem here too.
It gives you more options, which makes it more useful which makes it more valuable. You would acquire and hold the SPONSOR tokens because you think they will appreciate greater than alternatives so you might be betting my time appreciates in value more (whether because I become more high profile and thus the time more valuable or because the LTBc you sell it for will be worth more than the LTBc you bought on the market.
OK, for SPONSOR tokens this totally makes sense.
Someone who believes my time is undervalued can buy up my HOURCONSULT tokens then market my expertise and the value of my time to other people and sell the token to them at a profit, they redeem it with me, I don't have to care how it happened and I don't have to worry about if its a valid token or not. It exists, they have it, the only way that can happen is if someone gets them from me first so no problem.
I'd like to do this in future. When I mentioned the idea before it was kinda squashed because you didn't want your time floating in the wild for too long (which I totally understand).
Tokens give you options you dont otherwise have.
OK, I guess I just resent having to arbitrarily send back a token I had (literally) only just been sent in addition to the rigmarole of setting up the meeting in exactly the same way I would have to do without the token.
I think that having a token to redeem against an auction should be optional when creating the auction because it's just a faff and only stands for the thing in word only (and we're only using words to transact currently). i.e. Hey, I won, here is my address, please ship me a keychain, etc.
Tokens right now are more difficult to use than not, but thats because like the Auctioneer, these things don't exist until we discover "Oh that part kinda sucks" and fix it.
The meeting token is an excellent example. It was entirely manual (Manual auction on the forum of the non-transferrable right, manual meeting scheduling, etc.
Now its Automatic auction, manual meeting scheduling
Next it will be auto auction, auto scheduling - When you're ready to redeem you go to the coins page and either use it to book the appointment in an available slot with a calendar, then send your token to a specific address to lock in the appointment. If you dont want to redeem it, you'll be able to send the token to a vending machine that will offer it for sale at a fixed higher price to people who don't want to bother with auctions. So don't think about the auction like retail, it's wholesale.
