[P2P-F] Freicoin - Bitcoin with Demurage (Kevin Flanagan)

Thu Jun 28 23:09:14 CEST 2012

On Thursday, June 28, 2012 09:04:14 PM Apostolis Xekoukoulotakis wrote:
> *I wholeheartedly agree with you Richard.
> 
> 
> *
> 2012/6/28 Poor Richard <poor.ricardo at gmail.com>
> 
> > What do I not understand about demurage--how is not equivalent to a flat
> > tax except that it doesn't go to the public treasury where it might do 
some
> > good? Doesn't it discourage workers from saving at the same time it
> > discourages the rich from hoarding? Doesn't inflation already cause US
> > dollars to gradually evaporate? I don't see how demurage helps 
redistribute
> > wealth downward like a progressive tax does.
> >
> > I don't get it.
> >
> > Richard

Yeah, it doesn't make any sense to me either.  Here's an example of demurrage 
inducing consumption:

  http://www.nytimes.com/2007/02/09/business/09currency.html
  In the Land of the Euro, Small Towns Adopt Alternative Currencies

-Karl