This idea might save Bitcoin low trade volums

[w00t]

Awful idea. User added to ignore list as he doesn't understand a thing about BTC.

[1714477659]

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[1714477659]

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[cupronickel]

Awful idea. User added to ignore list as he doesn't understand a thing about BTC.

Nothing intrinsically wrong with the concept except that the OP didn't realise it's being done already with Freicoin. If you dig your teeth into the economics of demurrage there is very sound reasoning behind it. Worth spending 10 mins of your life understanding. But not right for Bitcoin.

[Biro Bob]

I save Bitcoin. I spend Bitcoin. I also buy Bitcoin to spend at retailers who accept Bitcoin.

BitPay have also made this easier for retailers to do now with little risk of currency fluctuations. I have also implemented their payment gateway on my site Art Galleries Direct (www.artgalleriesdirect.com) which sells original art imported from Bali (was that a blatent plug or what?)

[luke.watson]

I didnt read any of the comments, but your idea is awful, no one is going to want to be part of a currency that charges you for not spending it

People will spend what they want to and wont spend if they dont want to, how would you honestly feel if you left £20 in your wallet and came back to find £18 and a note saying 'You had not spent your money in 2 weeks, therefore we have taken £2 from you'

[5850Guy]

I don't think many people are actually buying stuff with it.

A common misconception.

I pay my bills with dollars because currently that is the only option. Everything else, I use bitcoins.

Yes, actually if you look at bitcoincharts, you can see that $200 million in USD is spent per day in BTC.

[cupronickel]

how would you honestly feel if you left £20 in your wallet and came back to find £18 and a note saying 'You had not spent your money in 2 weeks, therefore we have taken £2 from you'

Your £ devalues every single day. It may look like £20 remains £20 after 2 weeks but in real terms it absolutely doesn't.