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RE: Steemit Structural flaw and design fault. And its ultimate demise if not adjusted.

in #money • 8 years ago (edited)

Thanks for this, enjoyed reading it. I read Bernard Lietaer's 'The Mystery of Money' with great pleasure and am about to start his work 'The Future of Money' (which I assume the citation is from) (First got to finish 'Economics of Good and Evil: The Quest for Economic Meaning from Gilgamesh to Wall Street' from Tomáš Sedláček though). I also like how he (Lietaer) is a proponent of complementary (as opposed to alternative) currenies. (see: http://complementarycurrency.org/ )
BTW, there is already a cryptocurrency that has demurrage built in (or at least tries to): freicoin (not really sure if it is active anymore however)

8 years ago in #money by
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     8 years ago 

    Hi Kaj, yes, I am aware of the Freicoin, but is based on POW and energy intensive mining, which imo is a waste of computing power. The books you refer to are great reads, and many are based on Silvio Gesell's writings, and older ones. The complementary currencies are the way forward, or maybe local currencies, but now with blockchain tech, many opportunities exist.