Quote from: Kungfucheez on January 17, 2014, 11:45:19 PM

Quote from: Adrian-x on January 17, 2014, 11:28:20 PM

Quote from: Kungfucheez on January 17, 2014, 11:11:26 PM

Quote from: SirBitsalot on January 17, 2014, 11:00:06 PM

Can somebody here give us a brief summary as to what the OP is trying to tell us? I fear there is some sort of language barrier.

No clue man, apparently he wants to compare Ancient Rome to modern digital currency, or at least I think he is??? I have no idea man

He is saying to prevent wealth accumulation debt needs to be forgiven approximately every 42-49 years. This is historically how civilization has managed to get this far. He is making an argument that we can do this with a new altcoin.

Check out An introduction to the history of the Roman empire.

"ROME: Rise and fall of an empire - Part 1/14" on YouTube

It will take you 2 weeks - try and spot mistakes we are repeating.

I thought a debt that could not be repaid or had no possibility of being repaid meant ending up in debtors prison or you had to undergo some sort of debt bondage?

Working a minimum wage job is effectively a debt bondage.

Debtors prison idea goes hand in hand with modern banking it was short lived in the history of civilization, economists realized there was untapped economic potential there*. Re-read the tread to see how it was resolved in feudal times. Debt as you know it is a relatively new idea.

Today we resolve the problem of income inequality with inflation and bankruptcies.**

Check out David Graeber, DEBT: The First 5,000 Years

Edit
* keeping someone in debtors prison is a liability. Forgiving them by allowing bankruptcy puts them back in the economy as an asset.

** the solution is ineffective the 1% avoid inflation and as the wealth of the 99% moves to up the pyramid it impoverished the poor and is now eroding the middle class.