Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
noobtrader
on 13/09/2015, 19:38:09 UTC
Quote from: JorgeStolfi on September 13, 2015, 07:20:01 PM
Quote from: noobtrader on September 13, 2015, 05:30:24 AM
Quote from: JorgeStolfi on September 13, 2015, 03:20:53 AM
A cryptocurrency with demurrage tax would fall directly on holders, and therefore hopefully discourage hoarding.  encourage dumping.
there i fix that for you

There will not be any dumping if there was no hoarding in the first place.

(And, as I wrote, that is one of the problems that bitcoin has: so much of bitcoin's mass is hoarded, that the price could crash in a blink if even only 10% of the hoards were to be dumped.)

(as your scenario)

miner will get the coin and dump it, as long as there are buyer exist there is.

edit : unless you want to put one centralized entity which back up the system by  buying all coin at certain price and selling at certain price (hello paypall v2.0 Huh).