News for hackers. Stuff that matters.

A comment on Freicoin: bitcoin-like currency from the Occupy movement. Parent comment

Re:Freicoin: bitcoin-like currency from the Occupy movement by runeks on Monday June 25, 2012 @02:37PM (#4157947)
> Under a demurrage system, this places an incentive to invest in assets which lead to longer-term sustainable growth.

One of these assets being money that acts as a store of value? :)

[ Parent | on HN ]
Re:Freicoin: bitcoin-like currency from the Occupy movement by maaku on Monday June 25, 2012 @03:12PM (#4158151)
Buying gold/bitcoins/whatever and storing them in a vault does not lead to longer-term sustainable growth [of the economy].
[ Parent | on HN ]
Re:Freicoin: bitcoin-like currency from the Occupy movement by runeks on Monday June 25, 2012 @03:44PM (#4158339)
Indeed. And how does a currency with demurrage prevent users from investing in gold and storing it in a vault instead of investing in something that provides "longer-term sustainable growth [of the economy]"?
[ Parent | on HN ]