Quote from: hugolp on June 20, 2011, 06:10:55 PM

Quote from: aral on June 20, 2011, 06:03:43 PM

I can't start 'my own' currency, perhaps with a critical mass of people who think this is a better system that would be viable.

And as for Gessell, you are now claiming that he was not a 'real economist'. This is utterly untrue, he was an influence, among others on John Maynard Keynes. This idea has merit and again you cannot present any argument against it. 'It would become worthless' Why? There would still be 21 million coins, this system only increases the velocity of that money and discourages hoarding. The value of the coin remains the same. The idea that hoarding is a good thing, that is the really crackpot thing I heard people claiming on here.

Being an influence of Keynes is nothing to be proud of, on the contrary. They would be worthless because there would be no demand for them, regardless of their number. But please, prove me wrong. Start your own currency. You can and its very easy. Attracting people will take time as it did with Bitcoin. But its doable. Do it and prove me wrong. Start your own currency.

There would be still be demand for their value as transactional tokens. Presumably you agree they are useful for that. If not, what exactly are they for? Currency is a medium of exchange. Gold for example is scarce but although this makes it highly valuable it isn't used for international trade. The dollar is. I thought bitcoins would be extremely useful for global trade, you think I'm wrong in thinking that?