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Thought experiment: Resetting spendings each month; what would happen?
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Topic: Thought experiment: Resetting spendings each month; what would happen? (Read 4367 times)
benjamindees
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Re: Thought experiment: Resetting spendings each month; what would happen?
April 13, 2011, 03:22:43 AM
#41
Things that people need to save up for would either be gov't subsidized (mortgages) or they wouldn't exist since there would be no credit for them (nuclear power plants).
Civil Liberty Through Complex Mathematics
TiagoTiago
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Firstbits.com/1fg4i :)
Re: Thought experiment: Resetting spendings each month; what would happen?
April 13, 2011, 03:30:47 AM
#42
You don't think people would deal well with the idea of floating value and adjusting prices down untill their intended customers can afford the productvservice?
(I dont always get new reply notifications, pls send a pm when you think it has happened)
Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX
The more you believe in Bitcoin, and the more you show you do to other people, the faster
the real value will soar!
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tomcollins
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Re: Thought experiment: Resetting spendings each month; what would happen?
April 13, 2011, 03:37:43 PM
#43
There's no need for a thought experiment. Just look at Zimbabwe, or Germany after WWI. Your money was worthless by the end of the month (or even sooner), so everyone reset by then. Everyone ended up being trillionaires or more.
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