Show HN: Swapidy: Trade up your old stuff for new stuff

Re:Show HN: Swapidy: Trade up your old stuff for new stuff by RaphiePS on Thursday January 31, 2013 @09:20PM (#5148813)

Another downside is that your money is tied up in a company that could fail.

In the event that Swapidy goes under, there's no guarantee that you could get all your money out safely.

I think Swapidy is a great idea -- a dynamically-priced, peer-driven marketplace sounds awesome. But the currency lock-in seems very sketchy.

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Re:Show HN: Swapidy: Trade up your old stuff for new stuff by theswapdaddy on Thursday January 31, 2013 @11:15PM (#5149168)

Totally understandable. However, that scenario is highly unlikely.

Your currency is always worth that amount and will never change in value.

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Re:Show HN: Swapidy: Trade up your old stuff for new stuff by ktsmith on Thursday January 31, 2013 @11:33PM (#5149221)

Unless like the parent said, you go out of business. In that case the honey is worth $0 because it's virtual currency. It's also not highly unlikely as most new businesses fail.

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