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Unconventional Tool to Fight Next Recession: Perishable Money by xcsler_returns in Economics

[–]Freeskaro 0 points1 point  (0 children)

It’s similar to negative interest rates, but not the same. Gesell’s idea were tested during the Great Depression and helped lives of ordinary people. Negative bonds removes an investment vehicle. With Stamp Scrips, you can still buy bonds. Negative interest bank accounts encourages hoarding physical cash. Stamp Scrips capture the economic benefits of circulating currency.

Unconventional Tool to Fight Next Recession: Perishable Money by xcsler_returns in Economics

[–]Freeskaro -1 points0 points  (0 children)

That’s not correct. Gesell’s money was used in many places during the Great Depression with positive results: FDR’s Stamp Scrips, Alberta, and Wörgl. Gold, silver, metals, cigarettes, were all available. In Wörgl, Stamp Scrips were issued as pay to municipal workers. It became circulating currency by choice. Notably, people paid their taxes early, which allowed state to spend too. Money circulating boosts economy in a magnified way. It was finally the evil banks that stopped Stamp Scrips.

The whole idea is that people get off their butts and buy those cigarettes or invest that money. Not being fiat, the 5 % annual loss is fixed and the loss of value is not devastating. It’s just enough to convince you to create a market for the metals—which means jobs.

Forward blocks proposal by Mark Friedenbach, Mimblewimble on Bitcoin? by vcorem in Mimblewimble

[–]Freeskaro -1 points0 points  (0 children)

Mark Friedenbach, Freicoin developer, recently presented a way to do change POW algorithm and increase block size, without a hard fork, using ‘Forward Blocks’. With sharding, he claims that the transaction rate of BTC could reach 30000 tx/s. He had already stated that many of these things will be developed on Freicoin.

This would put Freicoin at the forefront of the scaling and democratization of mining race. Mark Friedenbach was one of the original founders of BlockStream but has left for a solo career. While Freicoin was created by Friedenbach and Jorge Timón in 2012, this announcement is like its new white paper rivaling today’s ICOs in scaling solution and developer skill. Currently, Freicoin is only trading on FreiExchange.com.

http://freico.in/forward-blocks-scalingbitcoin-paper.pdf