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>Well we could always make a new worthless currency. And set it so it intentionally inflates infinitely so that this can't happen. Zimbabwe-coin maybe. Yeah th

by KVFinn 13y ago

>Well we could always make a new worthless currency. And set it so it intentionally inflates infinitely so that this can't happen. Zimbabwe-coin maybe. Yeah that might work. If you could somehow decay the value of held currency to encourage spending directly that would be even better though I can't imagine it being feasible.

knapp 13y ago
> If you could somehow decay the value of held currency to encourage spending directly Freicoin has a demurrage fee, based on the theories of Silvio Gesell: http://freico.in/ http://freico.in/ https://en.wikipedia.org/wiki/Silvio_Gesell https://en.wikipedia.org/wiki/Silvio_Gesell
deleted 13y ago
[deleted]
yesbabyyes 13y ago
That reminds me of a suggestion by Charles Eisenstein in his book Sacred Economics - decaying currency, along with zero or negative interest. It would be interesting to see such a "funcoin"! It might not even have to decay that fast to fend off speculators.
edwardio 13y ago
Looking at http://en.wikipedia.org/wiki/List_of_radioactive_isotopes_by_half-life http://en.wikipedia.org/wiki/List_of_radioactive_isotopes_by..., californium-253 has a nice 17 day half-life. I propose we make this our new value of currency.