Quote from: benjamindees on November 09, 2013, 12:56:47 AM

Quote from: sublime5447 on November 08, 2013, 08:40:05 PM

Seems like it wouldnt be that big of a deal.

On the homepage of Ripple post 1 ripple ='s 1 KWH

Remove the limit and tie currency creation to its velocity. As more people decide to transact in it do what helicopter ben suggested and randomly distribute the new currency into clients.

That is how the central bank stabilize currency they create more of it as more people decide to transact in it.

I'll just point out that, in your hilariously ill-conceived joke of a system here, one would be able to create "energy credits" by trading ripples back and forth between yourself. Do you really not recognize this as a fundamental flaw of your insistence on tying a (subjective) currency with (objective) physical goods?

There would be no reason to for someone to trade back and forth between themselves as they would not receive any of the RANDOMLY distributed new units.

The knife would cut both ways.

It would not only create new units when demand was high it would also destroy old units as demand fell.