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

[Poor Richard]

Thanks you, Apostolis. That is a relief. I hate to feel like the only guy
in the room who doesn't get the idea.

Richard

Date: Thu, 28 Jun 2012 21:04:14 +0300
From: Apostolis Xekoukoulotakis <xekoukou at gmail.com>
Subject: Re: [P2P-F] Freicoin - Bitcoin with Demurage (Kevin Flanagan)
To: P2P Foundation mailing list <p2p-foundation at lists.ourproject.org>
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       <CAOX4E5Et6FoJro1zi4ong1EcENFig3k5xQxhYd0fCLQnPSFLYQ at mail.gmail.com>
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*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
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