Bitcoin Forum

http://grayarea.webs.com/ (http://grayarea.webs.com/) Tell me if you think that I am just tripping. Or if you think its what  Bernard Lietaer was talking about with Terracoins.

Wow interesting... I dont know to be honest

He definitely had foreseen the need for something like Bitcoin, after all we live in a world where the zero sum game is counter effective, we need to uplift humanity, allow people to stop worrying.

you know what I seen yesterday, I was down in the Foothills Industrial area where I live and saw signs advertising 6 days a week overtime... 6 days man. who has time for a life when you can make money eh? What the hell? are these people working away calculating their overtime into infinity, as if we live forever.

I met one man who worked 12 hours a day 7 days a week; Drove his Hummer from his mansion, had the best things you can imagine, sadly he died from over exhaustion as one of the machines he was working on exploded in his face.

This is not working, we got to allow people to be able to create the change they wish to see in the world, not park it in the garage and be rewarded with a mass freedom rally on long weekends.

Hes a visionary for sure

Bernard Lietaer = Satoshi Nakamoto  8)

been a while since I read it, but first, he wanted Terracoins to have demurrage (Freicoin would offer that), and second, I don't remember he said anywhere it would be decentralized and P2P. He'd be fine with a centralized bureaucratic currency.

I think I stopped reading at "climate change and biodiversity extinction"....

Nothing against these lines of thought at all, it's just presented as a supportive premise for the usual "need for sustainability" and then somehow a new currency is required because of that.  Way too complicated and long winded for me.

Yeah that's a little odd, the RBE has no need for currency.  If we're worried about protecting planet Earth, capitalism is not the way to go.

On the contrary. Capitalism channels resources to those who value them the most. And if those who value them most do so in order to preserve them....

Environmental issues are not a systemic problem, they're a people problem. If people care about the environment, they'll protect it. If they don't, they won't. No matter the system.

Recycling would almost certainly be more economic and cheaper too, were it not for 3rd world (child) labor working in the mines.

Not to speak about hemp for oil and plastics, which grows like crazy and would make most of the military industrial big oil complex obsolete...

Which mines would those be? Metals are already more economical to recycle than mine up fresh, paper is more economical to compost instead of recycling (i guess you could call that a form of recycling), and plastics can be - and often already are - made from plant starches, which, again, can be composted.

Excellent point, I hadn't thought of that.  If we really wanted to, we would already be doing it.

Well, yeah.  I really didn't mean to derail the subject, just tried to read the thing and found it wandered off into these subjects....and commented on why that's wrong.  You don't get an "A" for writing a paper on subject "B" about subject "C"...

Bernard Lietaer's currency is called the "Terra" and not "terracoin."  If Terracoin has anything to do with Bernard Lietaer it's probably news to him -- he doesn't even list it on his website, lietaer.com -- he does list Freicoin.

The terra is defined to be a basket currency. Basket currencies are a combination of the value of a barrel of oil, plus the value of an ounce of gold, plus the value of a bushel of wheat, etc. This is a strict definition and no cryptocurrency exists which can do this yet. The terra will also incorporate a demurrage charge to pay for the acquisition, storage, and sale of the component commodities in the basket.

This is certainly not Terracoin.

In my opinion, a basket doesn't necessarily have to be an actual currency, it can be just an index.