It’s been a pretty whirlwind few weeks, and I realized I haven’t updated this blog in a while. I want to give an update on what’s been happening with EvanCoin and what’s going to happen next.
The big news is that there was an article by Scott Rosenberg in Backchannel on WIRED about EvanCoin, “This Techie Is Using Blockchain to Monetize his Time“. It’s a well-written article, but I expect nothing less from Scott, who is one of the most thoughtful people writing about technology today.
This triggered a whole stream of press coverage. Rusty Blazenhoff did a story at Boing Boing, “Buy this guy’s time with his own personal cryptocurrency“. And Matt Levine scolded my economics in “Coal Mines, Robots and Psychopaths“. I think he’s wrong, and I’ll say why in a future blog post.
There’s also a long and libelous Slashdot thread, because yes, there is still a Slashdot.
All this press attention meant that a lot of the cheap EvanCoin has sold out on Decentrex. Only a few of EvanCoin in the 0.15 ETH (~US$45) sell order are still available. The price will probably go up this week.
I’ve also had a flood of requests for free EvanCoin from total strangers. Most have explained what they would use my time for, and for those I’ve given 15 or 30 or 60 minutes of my time. Others have asked for tens or hundreds of EvanCoin, without explanation, and then got cheesed off when I said no.
Them: “Work for free for me for hundreds of hours?”
Them: “You’re a jerk!”
I wrapped up the 30-day challenge that led to EvanCoin last week. Overall, I’ve been happy with the results. Probably the big thing that I’ve enjoyed was realizing how little code I really needed to do to get this project off the ground. The other thing that’s been great is stimulating conversation with my friends, family, and Internet strangers about the tangled knot of time, friendship, work and money that EvanCoin represents.
I’m going to continue to sell EvanCoin (there are still hundreds of hours available on Decentrex) and redeem EvanCoin for hours of my time. I’m also going to give it to people and projects that I want to devote my time and attention to.
I don’t think the project requires a lot more technical work, though. I still have to configure the code to automatically burn one month’s worth of hours as each month goes by, but once that’s done, I think I’m finished with code for EvanCoin. I’m not going to work more on the marketplace code, since there are already good ERC20 token marketplaces like Decentrex I can leverage.
If there’s anything I’d like to do, it’s to make giving away EvanCoin easier. It’s 2017, and telling someone to set up an Ethereum wallet and send me their address is just too hard for most people, still. I’m going to experiment with doing paper wallets, or putting wallets on USB keys, so I can physically give them away whenever I feel like it. But it’d be nice to figure out an easy way to send them by email, Twitter DM, or Facebook Messenger.
Thanks for reading this far. Hope you’re finding this process as interesting as I am. I’ll keep you posted as news develops.