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> 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 act
by runeks 14y ago
> 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 14y agoBuying gold/bitcoins/whatever and storing them in a vault does not lead to longer-term sustainable growth [of the economy].
- runeks 14y agoIndeed. 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]"?