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Awesome, thanks. It sounds like you're working on some of the ideas I've been mulling over this week. I like the idea of localizing the currency and having immi
by TACIXAT 9y ago
Awesome, thanks. It sounds like you're working on some of the ideas I've been mulling over this week. I like the idea of localizing the currency and having immigration restrictions. Localizing helps solve the problem of scaling pseudonym parties. Finding a world-wide, or even nation-wide time where everyone can show up in a group in order to verify their personhood would be tough.
I guess the next issue is how do you take that CPI, adjust, and issue currency in a decentralized / consensus way. Also, how susceptible to manipulation would these schemes be.
I would love to see a more economically sound cryptocurrency, rather than the deflationary mess that is Bitcoin.
- cobber2005 9y agoRelated to deflation - I believe there are demurage schemes for local currencies where the value of a particular bill lessens over time. It incentivises circulation instead of hoarding.