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Author Topic: Limited coins and hoarding  (Read 8241 times)
Etlase2
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November 10, 2011, 02:43:39 AM
 #141

Well, the last time you responded to anything about it was on revision 2 before I had really laid down the foundation.

"I won't fault you for trying, but I can't agree that artificial attempts to suppress the cost/value of coin creation are worthwhile."

That was what you responded with in a PM, I don't remember what I said originally or how I responded, but it is a statement borne on the back of bitcoin's monetary policy without understanding mine. Status quo bias, et al. I believe you are the one that politely refused to consider. Even calling it artificial, as if bitcoin's monetary policy is anything but.

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November 10, 2011, 06:18:29 PM
 #142

I wish this would work but you just cannot control the market like you want to. Take a look at RS and his bait and switch methods for 32->5 SC reward drop. Price is 0.009 now but still hashrate is declined and less profitable than before etc.
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November 14, 2011, 08:54:17 AM
 #143

The natural way to do P2P currency expansion is to award new coins proportionately to those who hold existing coins. Duh.

I advocate demurrage to discourage hoarding. How a positive interest in accounts can discourage hoarding?

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
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