Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund)
by
DublinBrian
on 25/06/2012, 18:00:22 UTC
I think Silvio Gessels whole concept of "demurrage" is questionable. Forcing people to spend their money, does NOT create any more goods or services. Society does not get any richer, if money sloshes around faster.

Wealth is created by production, not consumption. When we can make things cheaper and faster, with less labour or energy, then there is more stuff to buy and everyone gets richer.

The inequity of the present fiat system, is because insiders have preferential access to credit, allowing them to benefit from inflation. Bitcoin has already solved that problem, so Freicoin is not needed.

Still, Freicoin is a worthy experiment, and I wish you luck.