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Interesting. I guess I was mostly just focused on the bittorrent integration and block-chain pruning elements, both of which sound great for bitcoin. Just did
by eupharis 14y ago
Interesting. I guess I was mostly just focused on the bittorrent integration and block-chain pruning elements, both of which sound great for bitcoin.
Just did a very quick skimming trying to understand demurrage currency. Sounds very, very different from normal currency.
From a practical standpoint, would a two-step process make more sense:
1) Widespread adoption of peer-to-peer commodity currency (bitcoin).
2) The implementation of a second peer-to-peer currency on a different basis (demurrage).
Both of these seem like very difficult undertakings. And doing both at the same time seems like it would compound the difficulty.
Apart from Woergi, has there ever been a real-life implementation of a demurrage currency?
Excepting of course the natural cost of storing gold (vaults, guards, etc.). Which is easy for people to accept on a wide scale because its necessity is self-evident.