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But then I remember https://archive.secondspring.co.uk/articles/borruso.htm and realise that's a better system for a crypto anyway.
@Zerglingman @11112011 haven't read the link but supply and demand imply that dormant coins do release their value to the market, it's deflationary pressure
@Zerglingman @11112011 precisely, check out some of willy woo's work, he does a lot of on chain analysis on this subject
@Zerglingman @11112011 people will always lose coins, don't think you need to put bells on a whistle
What you are decribing is the chinese gov's cdbc crypto yuan which expires if you don't spend it within a certain time. This is a communist trick to force negative interest rates onto your savings and give you no way to opt out. This is idiotic.
@skells @11112011
@Zerglingman @11112011 @runfox @skells the reason not to 'put money in motion' is to postpone gratification to save for bigger and more important things
It'd be interesting to see what happens to such things as a result. I'd like to try it out.
@Zerglingman @11112011 @jeffcliff @runfox by all means go ahead, you're going to struggle to persuade those who prefer bitcoin
FWIW I'm not envisioning borruso as a direct competitor to bitcoin. More a direct competitor to fiats.
@Zerglingman @11112011 @runfox @skells why not just use freicoin? http://freico.in/
@Zerglingman @11112011 @runfox @skells we know what happens - we've tried this experiment before with freicoin. It was one of the first post-bitcoin cryptocurrency experiments
what happens is people migrate their day to day spending activity to a cryptocurrency that doesn't have demurrage
I guess that's just called a recession.
I was thinking a more direct approach to it. I like the idea that the amount of bitcoin in circulation cannot ever increase beyond the predetermined maximum, but as-is, it will slowly decrease over time, with no way to correct for that.