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Author Topic: why Freicoin won't work  (Read 1152 times)
qikaifu
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God creats math and math creats bitcoin.


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August 20, 2011, 05:13:33 PM
 #1

it's the same way of thinking as fiat money, which aims to stole the value of peoples who are saving the money.

If you see any of my suggestions useful, please donate me. http://btc.to/ec
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Yuusha
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August 20, 2011, 06:30:03 PM
 #2

Why couldn't you just say this in the Freicoin thread?
Jack of Diamonds
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August 20, 2011, 06:34:32 PM
 #3

The what-coin?

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
Yuusha
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August 20, 2011, 06:40:09 PM
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The what-coin?
https://bitcointalk.org/index.php?topic=3816.0

It's just a concept so far.
jtimon
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August 22, 2011, 12:27:51 PM
 #5

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

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
caston
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August 22, 2011, 01:46:04 PM
 #6

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?

18jL18iH96BBhwUCQn27FQp7ocodSxvJAB
jtimon
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August 22, 2011, 03:30:57 PM
 #7

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.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
Bicknellski
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November 15, 2013, 11:22:20 AM
 #8

Seems to work fine.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
El Dude
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November 15, 2013, 11:24:48 AM
 #9

the only alt coin with real potential is Litecoin

Bitcoin and Litecoin hodler
braytz
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November 15, 2013, 11:48:40 AM
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BitcoinAddicts
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November 15, 2013, 12:34:09 PM
 #11

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.....

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