recreate a limited deflationary monetary system like the gold standard
I don’t know enough about Bitcoin or the gold standard to concur, but I’d agree that the original idea of Bitcoin wasn’t bad, compared to where we are now.
I used to take part in a moneyless exchange system. One main idea was that your credits decreased in value if you just left them on your account, thus making capitalism impossible, and encouraging people to keep it all alive.
I meant negative interest. And yes, without the concept of positive interest (and using capital as security against loans) capitalism is pretty much impossible.
I don’t know enough about Bitcoin or the gold standard to concur, but I’d agree that the original idea of Bitcoin wasn’t bad, compared to where we are now.
I used to take part in a moneyless exchange system. One main idea was that your credits decreased in value if you just left them on your account, thus making capitalism impossible, and encouraging people to keep it all alive.
Is that not how money works under capitalism right now?
I meant negative interest. And yes, without the concept of positive interest (and using capital as security against loans) capitalism is pretty much impossible.
So demurrage? How is that functionally different?