I'm not sure what the appeal of the virtual currency model is ('buttons').
There must be a scare for potential users in not receiving real money for sales, but something which can collapse or fluctuate in value at any time (also, it is potentially almost valueless if for instance you move somewhere the website doesnt operate).
Maybe not all people are as skeptical as me, but I'd imagine that this model will prevent users from 'leaping in' by selling large amounts of clothes, (and thus ending up with a huge store of 'buttons' that they may or may not ever find a use for).
I am very curious as to what the founders see as the upsides to this model which overcome said downsides.
The clothes people will be selling is probably stuff that has pretty close to zero value to the owner to begin with. Stuff they would have gotten rid of a while back if they'd just had the incentive to do so. For example I just packed up and donated two large bags of clothes charity, had this service been available to me I might very well have sent them some those items just to try it out. If it worked out well enough I think of a few more items I'd happily send off as well.
There must be a scare for potential users in not receiving real money for sales, but something which can collapse or fluctuate in value at any time (also, it is potentially almost valueless if for instance you move somewhere the website doesnt operate).
Maybe not all people are as skeptical as me, but I'd imagine that this model will prevent users from 'leaping in' by selling large amounts of clothes, (and thus ending up with a huge store of 'buttons' that they may or may not ever find a use for).
I am very curious as to what the founders see as the upsides to this model which overcome said downsides.