So it seems occcu community account is the central bank and printing "occcu's" considering they just hand out 20 OC's for new registrations.
This is far worse than banks printing money lol
I havnt seen such a waste of valuable time in a while, I wonder what is their endgame strategy.
Topic: New Epic Fail Currency? 'Occcu' (Read 8265 times)
It seems like the way to win this game is to borrow as many occcus as possible to invest in the most valuable capital available, and then to just repay the loan with your BIG payments. So, what is the most valuable capital available? That's the catch, isn't it? There is no capital is there... I bet there are some pot growers reading this right now who could completely own the entire occcu economy... You could borrow occcus to pay hippies to build... something... like... a pyramid? Eh, I got nothin'. This is epic fail.
There's nothing to invest in. And I think there won't ever be. You could possibly own the whole economy with a single satoshi. But it would be too expensive, IMHO.
I'm trying to lend some of the occcus since almost the beginning, without fees nor interest rate, as they put on the slogan. But nobody seems interested. I guess I'll have to pay for somebody to take them? Even then, I can't see anybody would ask for them...
I'm just here to buy stuff, man. A loan is, like, responsibility.
How do they expect interest rates to remain at 0%? It seems like the way to win this game is to borrow as many occcus as possible to invest in the most valuable capital available, and then to just repay the loan with your BIG payments. So, what is the most valuable capital available? That's the catch, isn't it? There is no capital is there... I bet there are some pot growers reading this right now who could completely own the entire occcu economy... You could borrow occcus to pay hippies to build... something... like... a pyramid? Eh, I got nothin'. This is epic fail.
I'm giving a try at this thing since I first heard of it, always supposing that it was going to be an epic fail, but I'm curious anyway. Well, it seems it really is. I'm trying to lend some of the occcus since almost the beginning, without fees nor interest rate, as they put on the slogan. But nobody seems interested. I guess I'll have to pay for somebody to take them? Even then, I can't see anybody would ask for them...
Then I tried to buy any cryptocurrency with them without giving them a value. Even solidcoin would be good, if anybody would be interested, but I know it will be hopeless. A confined centralized economy with a degrading money which offer no way of storing value can't simply work.
And even if there was any way of storing value, I can't see the convenience of removing this property from the currency. This force me to act quickly, I have to get rid of the money as soon as I get them not to lose value. I can't see how this don't simply encourage savage consumerism, if there was something to consume...
Yes, I understand they're trying to get a money without interest. But what they're going to get in the best case is a useless hiperinflationary money.
I'm looking at freicoin too. Even when I can't see the convenience of demurrage, maybe it's just me. But I can't really figure what's the convenience of the velocity they want to give to all the economy. I'm more a slow kind of guy...
Then I tried to buy any cryptocurrency with them without giving them a value. Even solidcoin would be good, if anybody would be interested, but I know it will be hopeless. A confined centralized economy with a degrading money which offer no way of storing value can't simply work.
And even if there was any way of storing value, I can't see the convenience of removing this property from the currency. This force me to act quickly, I have to get rid of the money as soon as I get them not to lose value. I can't see how this don't simply encourage savage consumerism, if there was something to consume...
Yes, I understand they're trying to get a money without interest. But what they're going to get in the best case is a useless hiperinflationary money.
I'm looking at freicoin too. Even when I can't see the convenience of demurrage, maybe it's just me. But I can't really figure what's the convenience of the velocity they want to give to all the economy. I'm more a slow kind of guy...
Is this a joke?
You can buy seats on the general assembly for 100 Euros each.
Sure is getting money out of politics!
You can buy seats on the general assembly for 100 Euros each.
Sure is getting money out of politics!
It turns out they fail even harder than I thought, which is actually kind of an accomplishment.
First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
LOL.First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
+1
It turns out they fail even harder than I thought, which is actually kind of an accomplishment.
First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
LOL.First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
It turns out they fail even harder than I thought, which is actually kind of an accomplishment.
First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
LOL. First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
It turns out they fail even harder than I thought, which is actually kind of an accomplishment.
First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
First, they suspended demurrage for April, presenting this as a good thing. So even they don't believe their own bullshit philosophy.
Second, the email in which they announced this put all the recipients' email addresses in the To: line. So now I have the emails of everyone on their list. (link)
It would be interesting if your forum posts had demurrage 
I just imagined LoupGaroux's eloquent essays slowly degenerating into psy's crude attempts to smash his fists on the keyboard.
lol. Something like that. No I meant your status on the boards would degrade if you didnt keep posting. A hero member would eventualy go back to newbie status if they stopped posting for awhile.
Hence, creating post inflation.
It would be interesting if your forum posts had demurrage
I just imagined LoupGaroux's eloquent essays slowly degenerating into psy's crude attempts to smash his fists on the keyboard.
lol. Something like that. No I meant your status on the boards would degrade if you didnt keep posting. A hero member would eventualy go back to newbie status if they stopped posting for awhile.
It would be interesting if your forum posts had demurrage
I just imagined LoupGaroux's eloquent essays slowly degenerating into psy's crude attempts to smash his fists on the keyboard.
It would be interesting if your forum posts had demurrage
What, the letters slowly disappear as time passes?Pretty soon, "A quick brown fox jumped over the lazy dog" turns into "I b ump te l ag"
It would be interesting if your forum posts had demurrage
Hilarious that 2 of the 4 product listings on the occcu website are from people offering to buy Bitcoins for occcus
One guy is offering 5 occus per BTC, the other is offering 1 occcu per BTC lol
One guy is offering 5 occus per BTC, the other is offering 1 occcu per BTC lol
signed up, still have 0 Occcus days later
Guess Occupy movement doesn't want me to have a Mincome.
That's weird, I got my 20 immediately upon joining. Guess Occupy movement doesn't want me to have a Mincome.
signed up, still have 0 Occcus days later
Guess Occupy movement doesn't want me to have a Mincome.
Guess Occupy movement doesn't want me to have a Mincome.
Quote
A promotional flyer for the Occcu describes it as “a fair global currency”. To prevent hoarding the Occcu imposes “demurrage” (negative interest). You’ll want to spend your Occcus right away as anything you don’t spend loses its value — 25% of any unspent balance after thirty days goes back to the community chest.
People would try to get around the auto-destruction rule by “trading” nothing among themselves to make it look like they didn’t hoard. It’s ridiculous.
Anyway -- there is a lot you could argue about CI, but "needs a surplus" is not one of them.
Sure it is. You can create part of that surplus by eliminating all or much of the social benefits of today, including it's bureaucracy, but that is insufficient. Any basic income that deserves the name must allow people to actually survive on it. It must be paid from revenues (taxes, oil revenue....) it cannot be paid with debts.
It's a real bad dilemma. Increased productivity and more AI may well toss us into poorhouses without basic income (http://marshallbrain.com/manna1.htm), but basic income reduces competitiveness. In the end, the future may really not need us.
Only way out I see is to keep the economy growing until we're ready. Spacesteading and Seasteading may do the trick.
First off, thanks for the interesting story - I got halfway through the first chapter before I realized it was fiction.
Back on topic - a basic income only reduces human labor by about five percent, which IMHO doesn't outweigh the benefit of a more just society, especially as robot labor grows and this penalty decreases. Maybe even when we have everything we need, greed continues to motivate the selfish.
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