Why is there a 25% leakage in terms of converting between USD and Mahalo Dollar?
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M$5 Answers
"Mahalo is the medium of information exchange, and has done the work of providing a smooth, visually pleasing interface to bring people together in order to exchange information. The non-technical person is not aware of how difficult this is. I assure you, it is a major project.
The 25 cents on the dollar is a tax that is intended to keep Mahalo up and running as a great source of info. Think about another wonderful free service and source of information, such as Wikipedia, and note that they are very squeezed financially.
There are a few other benefits of this business model:
1)The 25 cent tax provides incentive for quality questions and answers. Have you ever seen a forum that was ruined by people who trash one another? Have you ever received SPAM in your email inbox. What if each email cost one cent?
2) A service such as this could easily be used for money laundering if there were not such a tax.
3) This 25 cents might not be permanent, but is necessary to cover costs in the early stages of business. Once Mahalo achieves a quality base of users and some notoriety, it would be more reasonable for this tax to shrink. (No guarantees, but this would make economic sense)"
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Our CEO, Jason Calacanis, discusses this and some other matters concerning the launch of Mahalo Answers, in his latest mailing list e-mail.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
