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>how do you give an alternative currency real value?

That's not your job. People either will, or they won't.



i agree that the value will come from things external to you - i.e. the best you can do is set up the conditions or rules of the interaction in such a way that they are conducive to them creating or assigning that value - but simply ignoring one of the most important factors in determining whether people would actually use your product as 'not your job' .. i dunno.. doesn't sound like a smart strategy




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