There is no need for a bidding war as bounties can start low and be raised if no one takes them.
The bidding war will be as the bounty sinks to the equivalent of $3/hour which is the wage many good Asian programmers are willing/able to work.
- Nova
From an open source perspective, isn't that still a good thing? Ultimately most open source being released now is done for free. By floating the value of open source on the free market, what's being said is that open source software is worth more than nothing, but how much more is completely up to the overall market, which is a global one. It would be nice for devs to be paid better wages, but I don't think devcoins are really best suited for that...dvc is more geared towards getting open source software for the cheapest possible nonzero price.
Companies having an avenue to find cheap developers for bounties isn't really a big consideration for the sdevcoin project, because there are tons of ways to get them to do that already. While the devs might want dvc payment, there's nothing stopping them accepting any other currency and converting themselves. The real innovation here is the increase of reward to open source developers, who were previously working for nothing.
Programming for $3 per hour and DevTome entries at $20-$50 hour. Is something wrong with this picture?
Programmers are already racing to the bottom by bidding against each other for proprietary development work. If the best that can be done is to mimic that equity (or non-equity as the case may be) then what is the point of this project?
Open Source programmers working for free are working on projects
that they choose to do not projects that some marketeer has asked them to do. It appears to me that what you are suggesting is like having a carpenter that chooses to work for free on Habitat for Humanity Homes and then someone expecting them to build a house for them at $3 per hour because they built that other one for nothing.
If we do not think outside of the box for this project it will be here`s the new boss the same as the old boss.
- Nova