||I was thinking the other day about how TC's model is both very cool, but also quite strange.
In normal life, a company might invite suppliers to bid for some work they want doing... suppliers submit a portfolio and a bid and the company decides who to give the work to.
Imagine instead the company requires all suppliers to actually do all the work, and then picks a winner and only pays them.
I find it hard to see many people finding that attractive, but on TC everyone takes it for granted - someone might invest a solid week of work in a component/architecture contest or a Studio design and get nothing back.
Would it work if people used a similar method for the kind of small projects posted on RentaCoder? I can't imagine it, but then maybe people said the same about TC when it started?