Bitcoin Forum

Economy => Economics => Topic started by: TradersEdgeDice on June 10, 2011, 03:44:42 PM



Title: Hacking Gresham's Law
Post by: TradersEdgeDice on June 10, 2011, 03:44:42 PM
Bad money pushes out good money.

In light of this thread:

http://forum.bitcoin.org/index.php?topic=12758.20;topicseen

  I'm going to do an experiment.

A deep discount based on the market belief that the value will rise tomorrow.  By setting my prices in USD equivalent, I haven't given buyers a reason to (A) get BTC if they don't already have it or (B) part with the BTC that they do have.

Fiat users will not get a discount.

It works for me because I have only ~ 180 units left and a boatload of requests for a BTC die.

If I can get most of them in BTC, I have a reason to take a chance with a BTC design.

It's a decent hypothesis to test some of the ideas floating around the forum.

Let me know what you think.


Title: Re: Hacking Gresham's Law
Post by: AntiVigilante on June 10, 2011, 05:04:44 PM
Bad money pushes out good money.

In light of this thread:

http://forum.bitcoin.org/index.php?topic=12758.20;topicseen

  I'm going to do an experiment.

A deep discount based on the market belief that the value will rise tomorrow.  By setting my prices in USD equivalent, I haven't given buyers a reason to (A) get BTC if they don't already have it or (B) part with the BTC that they do have.

parting with the BTC is easier when you only have to spend less as it goes up (if you're into buying things).

Quote
Fiat users will not get a discount.

It works for me because I have only ~ 180 units left and a boatload of requests for a BTC die.

If I can get most of them in BTC, I have a reason to take a chance with a BTC design.

It's a decent hypothesis to test some of the ideas floating around the forum.

Let me know what you think.

Might want to also offer the die as an addon, a little baggie of D8s for friends to split between them.
That would require games that can be played with tinted or colored symbols on the dice.

I'm playing with ideas.