Post
Topic
Board Economics
Re: Blockchain = Powerful Tool for Keynesian Monetary Policy
by
cunicula
on 22/11/2012, 05:31:28 UTC
When you said:

Rassah also mentions a 3% fee, but I have no idea where this comes from so I ignore it.

I was going to reply with, "Are you serious?!" and quote this

Simply demand a txn fee equal to 3% of coin-age (with age measured in years).
The linked post is about the central bank and does not mention PoS at all. Sigh, so you weren't asking questions about proof-of-stake? Do you even know what you are asking?

But now that I know that you apparently are only interested in abstract concepts, instead of real concrete ones, that explains everything about your weird posts. It even (almost) explains you promoting the 1% savings reward, and saying things like even though this reward will make a $100 TV cost $99 a year later, that deflation isn't a bad thing, which is really weird coming from Mr. "Krugman is tired of trying to reason blahblahblah" Keynesian like you.
Your argument about deflation is a red herring. If the rewards are arbitrarily small, any type of deflationary effect associated with the reward system is also arbitrarily small. Regardless of whether you think deflation is bad or good, the effect can be negligible. If you want to argue that something is worthy of consideration, you need to make a case that it has a non-negligible effect. You don't seem to understand this.

Also, I am a bit confused. Is your argument based on a dislike for my avatar? I understand that you are a furry. As is referenced in your avatar. I don't have a problem with that at all. More power to you. Do you think it is reasonable for me to base my argument on the picture of the cat in your avatar?