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Author Topic: Bootstrapping a local economy  (Read 5709 times)
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April 27, 2011, 12:57:53 AM

I think spreading out flyers redeemable for a small amount of BTC is the way to go. For the best impact, they should be spread in a tight-knit group of tech-savvy people -- a college, say.  A flyer might look like this:

Redeem this for 1 BitCoin, a new kind of money at:   <--- different path for each flyer printed

Learn more about bitcoin at:

If you and many or most of your real-life contacts have BitCoins, then using it as a medium of exchange seems like the natural next step...

Simpler to point them to the faucet. And I think you get a steeply decreasing marginal promotional benefit from an extra .95BTC.

I think this would be considerably more effective than giving them a link to the Bitcoin Faucet. For one thing, there are a lot of goods worth 1 BTC, but virtually no real-world goods you can buy with 0.05 BTC.  And furthermore, there are usually better deals available to students (reduced prices) than to non-students -- why not give them a better deal here?  It's an investment in the future of the BitCoin economy.

And finally, everyone likes to be part of an exclusive club. How exclusive is it if _anyone_ can go to the BitCoin faucet? It's about as sexy as a drinking faucet. If you want to sell someone tickets, you sell them VIP tickets. Tongue

Spare some BTC for a biology student? 1DZcEUEo9rX7LQWcYzVR6Btqj2sMqRznbB
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