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runeks
on June 25, 2012
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Freicoin: bitcoin-like currency from the Occupy mo...
> Under a demurrage system, this places an incentive to invest in assets which lead to longer-term sustainable growth.
One of these assets being money that acts as a store of value? :)
maaku
on June 25, 2012
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Buying gold/bitcoins/whatever and storing them in a vault does not lead to longer-term sustainable growth [of the economy].
runeks
on June 25, 2012
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Indeed. And how does a currency with demurrage prevent users from investing in gold and storing it in a vault instead of investing in something that provides "longer-term sustainable growth [of the economy]"?
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One of these assets being money that acts as a store of value? :)