Topic: DetroitCoin - page 2. (Read 2935 times)
Interesting topic. I'm going down to Comerica Park tonight for the Tiger's game.
Freicoin has 80% seigniorage towards a central foundation. It makes for an interesting demurrage test case, but any city should be using a coin that's 100% peer to peer. That means equal rules for all participants, not an unelected cabal spending most of the coins on their own pet charities.
May I propose Freicoin as the right coin to build up a new local economy in Detroit?
Doesn't seem realistic to you? Well, here are some interesting reads:
Stamp Scrip (1993)
Irving Fisher about demurrage experiments in the US:
http://www.freicoin.org/irving-fisher-stamp-scrip-1933-t532.html
Stamp Scrip in the Great Depression: Lessons for Community Currency for Today? (2010)
Jonathan Warner about the same subject
http://www.freicoin.org/stamp-scrip-experiments-in-the-great-depression-t530.html
Stamp Scrip: Money People Paid to Use (2008 (!))
Bruce Champ, Advisor of the FED Cleveland about stamp scrip
http://www.freicoin.org/bruce-champ-advisor-of-the-fed-cleveland-about-stamp-scrip-t528.html
Doesn't seem realistic to you? Well, here are some interesting reads:
Stamp Scrip (1993)
Irving Fisher about demurrage experiments in the US:
http://www.freicoin.org/irving-fisher-stamp-scrip-1933-t532.html
Stamp Scrip in the Great Depression: Lessons for Community Currency for Today? (2010)
Jonathan Warner about the same subject
http://www.freicoin.org/stamp-scrip-experiments-in-the-great-depression-t530.html
Stamp Scrip: Money People Paid to Use (2008 (!))
Bruce Champ, Advisor of the FED Cleveland about stamp scrip
http://www.freicoin.org/bruce-champ-advisor-of-the-fed-cleveland-about-stamp-scrip-t528.html
DetroitCoin, for every coin you mine you will be 2 coins in debt.
http://blog.inbitbox.com/post/56450714292/detroitcoin-bitcoin-is-the-new-vehicle-currency-why
Join the conversation: https://news.ycombinator.com/item?id=6104757
Join the conversation: https://news.ycombinator.com/item?id=6104757
The same crossed my mind a few days ago. The piece is well written.
I've always stated that I could go to Detroit flat broke and emerge two years later with a million dollars in my pocket--and it's still possible.
Done correctly, Detroit could be a world-class laissez faire city within ten years.
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