Thanks for the advice.
We should probably move this part of the discussion to the linked thread, but I have no idea how to do that, or if it's even possible, so I'll reply here instead.
There are millions of reasons why this idea might not succeed, the fact that people have actually done this before and now many of the domains are just parked does not bode well in my opinion.
However, using bitcoin as a payment method is not one of the potential failure mechanisms that I forsee.
The issue of volatility is addressed at least in part by strict, sharp, short timelines between bidding and payment.
In fact, considering that there are many, many advantages to bitcoin payment such as no chargebacks, rapid turn around time, allowing commerce to occur between people in countries that are not nessecarily warm with eachother. I consider it a strength not a weakness.
As a project lead, getting my project done on time and on budget has always been priority one.
Getting accountability from the system and have strong guarantees on deliverables is extremely attractive to people working within a defined time frame.
You may not be able to use the site to build the next ill defined Web 3.0 nebulous cloud wunder whatever site, especially if you don't have strong planning skills. But if you needed to get a plugin for a custom file type into your in-house media server, and the dev team is busy putting out fires in the 2.0 branch.
Something like this could be ideal, especially as bitcoin takes off.
You'd be surprised how often that actually occurs.
The flipside for the freelancer is quick projects with guaranteed payment which results in a lack of that "burned out" feeling you get from being associated with mega-projects that drag on forever.
I'm realistic though, I don't expect this to be the next multi-billion dollar, bitcoin related, Winklevoss funded startup.
Just a community thing where people can come, earn some quick cash, or get help for projects of decent complexity.