Quote from: Rassah on August 04, 2011, 03:19:11 PM

Quote from: jtimon on August 04, 2011, 08:57:56 AM

Within the local currencies trend, the critique is usually more focused on interest.

Is there anyone else on this forum besides you that criticizes interest?

Not that I'm aware. The RBE people maybe?
Most people I've talk with in the forum think that I want to somehow make interest static, and I don't.
I just want to allow further real capital accumulation. Lower the "tax" (basic interest) that money charges on commerce.
Like inflation, you may not see it, but it's there.

Quote from: Rassah on August 04, 2011, 03:19:11 PM

Quote from: jtimon on August 04, 2011, 08:57:56 AM

I criticize both and that's why I propose freicoin and support ripple (although you can have interest with ripple I think the rate would tend to zero).
I'm a software engineer (well, I don't have the paper that says so yet, I have to finish the final project, but I'm already working as programmer) and I could develop freicoin if I study the bitcoin code. It's a simple change for someone who already knows the code.

How will you convince people to switch from currency that hold value, to currency that is guaranteed to slowly lose it, at the stage where the currency is worth almost $0 to begin with? Bitcoin's sales pitch was that it's $0 now, but put your money into it because it'll be $100's later. What's your sales pitch?

For speculators, almost the same that bitcoin: it's $0 now, but it will be $97 later.
For merchants, accept it because people prefer to spend these.
For entrepreneurs, take cheaper loans in this currency.
Well, that last one would be only after the value of the currency reaches some equilibrium, after the big initial price deflation.