Quote from: laowai80 on December 30, 2013, 11:52:30 AM

Quote from: utopianfuture on December 30, 2013, 11:48:43 AM

Quote from: laowai80 on December 30, 2013, 11:41:37 AM

Quote from: utopianfuture on December 30, 2013, 11:28:23 AM

there has to be a tax against money not put into circulation. Cfb , is it possible to design such a scheme?

Isn't that what freicoin or any fiat currency is doing? I'd sell my NXTs and go back to bitcoin if any such thing was implemented.

I would definitely sell all my next if there is no mechanism to counterreact hoarding because it is not going to work.

If you want the money system to tax savers with inflation or any other means, just use the USD or whatever fiat currency is used in your country, there is no difference then. I think it's against NXT's principles to infringe upon people's freedom to do whatever they want with their NXTs. The only penalty with the purpose to help keep network strong is if they don't forge - temporarily lose forging chances. Any other penalties would be dictatorship.

It is very different thing. There will be a predefined rule of how thing is going to work not an arbitrary central bank who decide how much money to spend and which bank to bail out.
I am all for freedom and decentralization. But if a system want to survive it has to stay on an equilibrium, the system is flawed if there is a tendency toward a disequilibrium where all economic activities come to a halt as all nxt become dead money sitting there does nothing.
That is a feature of the system which needs to be thought about.