I think it's a really great idea, but I was disappointed to see most of the offered project were really of the bottom-feeding sorts (many offered ~$100/day) as some here feared would happen.

I'm in Vienna (which is a much cheaper market than the US/UK/AUS) and even here I don't generally charge less than 300 euros a day (~$420) and received offers for as high as 500 euros/day (~$690) for contract work in the past.

I am sure the real pros who frequent HN charge a lot more than I do.

Programmers, don't sell yourself short! You are bringing down expectations and hurting all of us.