I scored 15 bytecoins at Metrix CreateSpace yesterday. What are they worth?
Well, I’ll tell you what I paid for them. I traded a shrunken Susan B. Anthony dollar for a 10-byte note, and a shrunken quarter for a 5-byte note. That puts the direct exchange rate at about 10:1 (B:$). We agreed that since they were shrunken coins, it established a fair “proof of work”.
But it gets more complicated than that. The going eBay rate for a shrunken dollar is about $21 for a $1 Sacagawea. That puts the exchange rate at roughly 1:2 (B:shrunken $).
Money is complicated.
I think I’ll hang my bytecoins on the wall and watch them appreciate… That seems like the fiducially responsible thing to do.
Also: Happy 99th Birthday, Alan Turing!