5 ms·
Regarding alternative forms of currencies, have a look at this one: https://en.wikipedia.org/wiki/Demurrage_(currency) https://en.wikipedia.org/wiki/Demurrage
by pkos98 6y ago
Regarding alternative forms of currencies, have a look at this one:
https://en.wikipedia.org/wiki/Demurrage_(currency) https://en.wikipedia.org/wiki/Demurrage_(currency)
This approach tries to avoid hoarding of money by decreasing the value of hoarded money. The concept is part of the idea called "Freiwirtschaft" (German, literally translated Free economy):
https://en.wikipedia.org/wiki/Freiwirtschaft https://en.wikipedia.org/wiki/Freiwirtschaft
- npongratz 6y agoBuilt-in demurrage has been tried with Freicoin, which has been around [0] since 2013: http://freico.in http://freico.in https://coinmarketcap.com/currencies/freicoin/markets/ https://coinmarketcap.com/currencies/freicoin/markets/ [0] For the loosest definition of "been around" -- I assume its blockchain still exists somewhere, but their own website links to an explorer that apparently doesn't exist. And their Github repo hasn't been updated for ~18 months: https://github.com/freicoin/freicoin/commits/master https://github.com/freicoin/freicoin/commits/master
- theamk 6y agoPerhaps people were not spending it, so over time, its value dropped all the way to zero? :)