I honestly don't see the benefit of this. If I understand it correctly, a bunch of people watch ads, causing the price to go down. But only one person gets the discounted price, and everyone else who sat there watching ads gets nothing? In other words, the majority of people using the site get no benefit.
Show HN: VidFall – Pay with time, not your wallet
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Re: Show HN: VidFall – Pay with time, not your wallet
#22I honestly don't see the benefit of this. If I understand it correctly, a bunch of people watch ads, causing the price to go down. But only one person gets the discounted price, and everyone else who sat there watching ads gets nothing? In other words, the majority of people using the site get no benefit.
Sorry you feel that way. Thanks for checking us out! Cheers!
Re: Show HN: VidFall – Pay with time, not your wallet
#23Re: Show HN: VidFall – Pay with time, not your wallet
#24Wow, I'm quite impressed. I bought the $100 restaurant gift card (for $30). They sent it to me tonight, but it was only for $50. I emailed them, and they responded within 8 minutes with the remaining $50.
Kudos to their customer support.
Re: Show HN: VidFall – Pay with time, not your wallet
#25These business models usually face a problem of one ad view not being enough to incentivize someone to watch it. I like the penny auction spin you put on that. Clever.
That said, is your ad network aware of this and okay with it?
How do you verify these are real viewers? There are a lot of "attack" vectors here... automated servers + proxies, or even just somebody with a clickbot on their home computer cycling through videos and buying an item once its price goes below what they can sell it for elsewhere?
Also, why would your users not just buy giftcards at any number of the discount gift sites, many of which offer higher discounts than you, without the need to watch a video?
I'm very curious about the economics here, because I find it hard to imagine you could win all these "startup of the month" type accolades without thinking this through.
Re: Show HN: VidFall – Pay with time, not your wallet
#26Re: Show HN: VidFall – Pay with time, not your wallet
#27Who do you use for your ad network?