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Title: why Freicoin won't work Post by: qikaifu on August 20, 2011, 05:13:33 PM it's the same way of thinking as fiat money, which aims to stole the value of peoples who are saving the money.
Title: Re: why Freicoin won't work Post by: Yuusha on August 20, 2011, 06:30:03 PM Why couldn't you just say this in the Freicoin thread?
Title: Re: why Freicoin won't work Post by: Jack of Diamonds on August 20, 2011, 06:34:32 PM The what-coin?
Title: Re: why Freicoin won't work Post by: Yuusha on August 20, 2011, 06:40:09 PM The what-coin? https://bitcointalk.org/index.php?topic=3816.0 (https://bitcointalk.org/index.php?topic=3816.0)It's just a concept so far. Title: Re: why Freicoin won't work Post by: jtimon on August 22, 2011, 12:27:51 PM As explained many times:
1) You can save in many ways, not only hoarding the medium of exchange: investing, lending, hoarding real goods, paying in advance... 2) demurrage is not the same thing as inflation, their effects are different: A) Inlflation is an accounting inconvenience. If you think that is not important, just think that the prices must grow exponentially and the period for a given product to increase one unit in price will become shorter and shorter with time. Eventually it will become shorter than a second B) Demurrage lowers real interest rates while inflation only rises nominal interest rates Title: Re: why Freicoin won't work Post by: caston on August 22, 2011, 01:46:04 PM As explained many times: 1) You can save in many ways, not only hoarding the medium of exchange: investing, lending, hoarding real goods, paying in advance... 2) demurrage is not the same thing as inflation, their effects are different: A) Inlflation is an accounting inconvenience. If you think that is not important, just think that the prices must grow exponentially and the period for a given product to increase one unit in price will become shorter and shorter with time. Eventually it will become shorter than a second B) Demurrage lowers real interest rates while inflation only rises nominal interest rates Computer hardware gets cheaper though. How much storage can a gram of gold buy today as opposed to ten years ago? Title: Re: why Freicoin won't work Post by: jtimon on August 22, 2011, 03:30:57 PM Computer hardware gets cheaper though. How much storage can a gram of gold buy today as opposed to ten years ago? Sorry, I don't get your point. Title: Re: why Freicoin won't work Post by: Bicknellski on November 15, 2013, 11:22:20 AM Seems to work fine.
Title: Re: why Freicoin won't work Post by: El Dude on November 15, 2013, 11:24:48 AM the only alt coin with real potential is Litecoin
Title: Re: why Freicoin won't work Post by: braytz on November 15, 2013, 11:48:40 AM The what-coin? https://bitcointalk.org/index.php?topic=3816.0 (https://bitcointalk.org/index.php?topic=3816.0)It's just a concept so far. Title: Re: why Freicoin won't work Post by: BitcoinAddicts on November 15, 2013, 12:34:09 PM it's the same way of thinking as fiat money, which aims to stole the value of peoples who are saving the money. No, you are wrong, Freicoin is the best..... |