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Author Topic: Hub Culture  (Read 874 times)
Jr. Member
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November 26, 2010, 09:18:03 AM

Have you guys ever checked out:

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Agora, Anarchy, Action!
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Timo Y
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bitcoin - the aerogel of money

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November 26, 2010, 09:53:18 AM

Have you guys ever checked out:

I have the impression that they are being deliberately secretive as to how exactly the price of the Ven is determined. At least I couldn't find a satisfactory explanation of the mechanics anywhere on the site.

Is the price fixed by the central authority (Gekko Global Markets - deliberately ironic choice of name?)  using a basket of commodities?

Or is the price allowed to float freely?

Seems to be both, or a combination of the two.  In any case this currency is far too centralised and far too closed for my taste.

But I really liked their idea of pavillions.   Would be a great way to promote bitcoin and to allow people to trade face-to-face.

GPG ID: FA868D77   bitcoin-otc:forever-d

November 27, 2010, 01:31:31 AM

Someone could exchange their currency for bitcoins quite easily.
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