I don't see any reason to give money, buy, or sell, or do anything with freicoin. To me, the fact that freicoin decays when not used is a bug, not feature.
I don't see any reason to give money, buy, or sell, or do anything with freicoin. To me, the fact that freicoin decays when not used is a bug, not feature.
They made a great attempt, but sometimes one's best try is just not enough.
Care to explain?
Might interest you: http://www.lietaer.com/2010/03/the-worgl-experiment/
I think that saving money for both unexpected problems and future investments is an important part of social responsibility, and I would not adopt a currency that was deliberately designed to make saving difficult unless it was forced on me. Even then, I'd probably try to turn it into some kind of commodity that I could sell again later in order to dodge the losses.
There are a few assertions on the main page that I find interesting, in particular the one about money value vs goods value being "the underlying cause of the boom/bust cycle." I don't have time to read the linked book about it, is there a quick version of the explanation?
I never doubt your goal, just the ability of your currency to achieve what you are trying to get.
Might interest you: http://www.lietaer.com/2010/03/the-worgl-experiment/
I have no reason to doubt the story as told there(other than my theoretical complaint), but I am not a historian or economist.
Economists have not proven themselves credible.
Taken to an extreme, it's move back to hunter-gather societies when you had to work every day - no stored capital.
Perhaps the advantages of bitcoin but without the instability.
If bitcoin continues to go through boom and bust cycles that change its value by orders of magnitude, then ironically an alternative with demurrage might prove to be a better store of value. You might lose some of your savings, but at least it'll be predictable.
If you have already decided that a savings account with interest is an even better way to store value, then my argument indeed doesn't work.