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Because the customer wants to pay in freicoins, and tools exist (or will exist - I'm talking from the future) to make acceptance hassle-free, and the value will
by maaku 14y ago
Because the customer wants to pay in freicoins, and tools exist (or will exist - I'm talking from the future) to make acceptance hassle-free, and the value will be stable long enough to convert into the currency of your choice.
(Of course the macroeconomic recession-proof nature of demurrage currency makes it desirable for merchants as well, and the zero-interest loans are a boon for entrepreneurship. I'm just saying even if you're skeptical, that shouldn't be a barrier to acceptance.)
- fleitz 14y agoWhy would anyone want to make an interest free loan with an arms length party? I understand that from time to time these things happen, like KIVA, but seriously why would I lend out my money for the opportunity of not getting it back?
- maaku 14y agoThen add appropriate interest representative of the risk you are taking on. When we say zero-interest, we're talking about basic interest/liquidity premium: the interest which is attached to loans simply because of the opportunity cost of lending, not the risk taken on.