Keynescoin | Bitcointalksearch.org

nameface

sr. member

Activity: 406

Merit: 250

Quote from: ?? on ??

Quote from: nameface on March 16, 2013, 06:19:52 PM

I'm not advocating that any extra coins should be created here, re: quantitative easing. I'm saying that idle coin is kinda useless, and people being buried with their coin sucks for the rest of us.

Block-chain bloat should be confronted directly -- somebody has to pay. Maybe a third option would be to just include that in the TX fee. However, in Bitcoin's case that would rely on miners running all the 'nodes'. Apparently that would kill Bitcoin because miners would take over all the full nodes when they become too expensive for non-miners to run.

I'm a bit worried ASICs and/or other niche tech might screw bitcoin up by centralizing where and how the transactions are processed.

nameface

sr. member

Activity: 406

Merit: 250

I'm not advocating that any extra coins should be created here, re: quantitative easing. I'm saying that idle coin is kinda useless, and people being buried with their coin sucks for the rest of us.

matauc12

hero member

Activity: 658

Merit: 500

Quote from: nameface on March 16, 2013, 04:17:15 PM

I think there's something to your idea of recycling stagnant cash. Money sitting in a vault or wallet doesn't serve much of a purpose. I see currency as the grease to the wheel of human civilization. We are in a capitalist economy and innovators need new capital now in order to improve the world.

So money that YOU YOURSELF AND NO ONE ELSE earned should have less value if you proved having discipline and not use it? Promoting compulsive behavior is certainly pretty good, especially considering Darwinism has good evidence. People shouldn't be stimulated to buy, they should be stimulated to provide for their needs. The Keynes scheme pretty much stimulates careless buying and leaves little for survival needs.

But hey, if you think stagnant money is so damaging, more power to you,

If only people like Keynes stopped working so hard to defend their ideology and sometimes would use that brain power to contemplate opposing ideologies. What are the odds something you thought of when you were 17 are all proven facts 40years later?

Explodicle

hero member

Activity: 950

Merit: 1001

Quote from: nameface on March 16, 2013, 04:17:15 PM

I think there's something to your idea of recycling stagnant cash. Money sitting in a vault or wallet doesn't serve much of a purpose. I see currency as the grease to the wheel of human civilization. We are in a capitalist economy and innovators need new capital now in order to improve the world.

Keynesian wheel: spread the grease around everywhere because the center shouldn't hoarde it all.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: nameface on March 16, 2013, 04:17:15 PM

I think there's something to your idea of recycling stagnant cash. Money sitting in a vault or wallet doesn't serve much of a purpose. I see currency as the grease to the wheel of human civilization. We are in a capitalist economy and innovators need new capital now in order to improve the world.

if the money has a limited supply than hording it slows the velocity of money causing the price to increase which acts sort of like a free loan to anyone who holds the currency or has an asset denominated in it.

nameface

sr. member

Activity: 406

Merit: 250

I think there's something to your idea of recycling stagnant cash. Money sitting in a vault or wallet doesn't serve much of a purpose. I see currency as the grease to the wheel of human civilization. We are in a capitalist economy and innovators need new capital now in order to improve the world.

Palmdetroit

legendary

Activity: 910

Merit: 1000

PHS 50% PoS - Stop mining start minting

every user would need the ability to add a 0 to the end of the total coins in existence with the click on a button.

https://www.youtube.com/watch?v=GTQnarzmTOc

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: matauc12 on March 16, 2013, 03:24:46 PM

So you want a crypto-fiat?

What you suggest is exactly what creates inflation, inflation is the incentive to spend to stimulate industrialisation. Do we really need more wage earners to spend and more corporation fruit?

I did not say that I want it, I was just trying to picture such a system.

matauc12

hero member

Activity: 658

Merit: 500

So you want a crypto-fiat?

What you suggest is exactly what creates inflation, inflation is the incentive to spend to stimulate industrialisation. Do we really need more wage earners to spend and more corporation fruit?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I was thinking about what would be the perfect Keynesian coin, not that I would want it to happen but just thinking.

The coin would delete any stagnant balances that have been around for more than x amount of days, maybe 3 months to a year (maybe even fluctuating based upon activity).

The rate of new coins created would be based upon the amount of activity on the blockchain. As the rate increases, the reward goes up, as it slows down the reward goes down.

And there would always be a minimum amount of coins created.

And a government would have to require people to use it.

Did I miss anything? Other than a group of men manipulating things manually.

Topic: Keynescoin (Read 1116 times)