Topic: New Epic Fail Currency? 'Occcu' - page 4. (Read 8241 times)

I don´t think so because "being decent and honourable" is only a question of transparency. If the system is transparent then it is impossible to cheat.
And by the way the current system is community based too but the community is not the mass but the top 5% ;-)

The reason community-based economic systems always end in failure is that they rely on everyone being decent and honourable.

Capitalism does not require that.

Ronald Reagan said "socialism will only work in two places: heaven where they don't need it; and hell where they already have it".

I think that a lot of people don´t understand the principle because they understand money as a storage of value to save money for a new car or other big things but this thinking is in my optionion wrong and its the result of blowing up money.

For example what will happen, when 70% of Bitcoin will hold by 5%?

It will happen the same as with fiat money the amount of Bitcoin will increase.
Sure not directly but indirectly because the value of 21mio. Bitcoins will increase a lot of and the amount of Bitcoins increase because the comma will going to the right side because it is unpracticable to pay 0.00001 Bitcoin.
So the amount of Bitcoin will increase step by step from 21 to 210mio. to 2100mio. and more.

Bitcoin can´t be the last answer of our problems of hording money.

OCCCU is a new type of money which want to hold the amount of money less and depending on the number of guys because it is better to give the money to the next and "use" it than hold money and make it unreceivable unuseful for other guys and this is one big problem of the world.

But what can I do when I want saving money for a new car?

The answer is NOT the OCCCU the answer is Bitcoin, gold, silver, stocks and ...   
And this is normally because the OCCCU is not a storage.

I see the OCCCU as basic income to pay the lot of small things which will need every day for example food, rent, clothes, cinema, concerts and more.

I see OCCCU as a chance and a experiment to define money new.

And for correction.

You receive every month 100 OCCCU, after 30 days 25 percent will going back to community.
So you have in max. 400 OCCCU after 24 month for nothing ;-)

   20
1 Mon.   115
2 Mon.   186
3 Mon.   240
4 Mon.   280
5 Mon.   310
6 Mon.   332
7 Mon.   349
8 Mon.   362
9 Mon.   371
10 Mon.   379
11 Mon.   384
12 Mon.   388
13 Mon.   391
14 Mon.   393
15 Mon.   395
16 Mon.   396
17 Mon.   397
18 Mon.   398
19 Mon.   398
20 Mon.   399
21 Mon.   399
22 Mon.   399
23 Mon.   399
24 Mon.   400

lol.. what the heck's the point?

The correct date would be 1861 

"Do they owe us a living? Course they do, Course they do, Course they fucking do"

Occcu is just plain silly.   If for some reason people started to use it, they would have a huge problem with people registering multiple (hundreds??) of accounts for free money.  It would not be rare so it would become worthless (just like it is now).

Q: Why would anyone want to use this over Bitcoin?
A: To signal group affiliation with Occupy.

Q: (Months later) Why did the Occcu fail?
A: "Because the free market conspired against it!" <-- mark my words

Really? I couldn't find a download link for the P2P client anywhere. I even registered and "received" 20 Occcu that I can only see on the Occcu website and have no way to withdraw it.

That would require compartmentalization. I'm not agreeing with the original premise, only pointing out another opinion.

So the occupiers are just as bad the banksters they just aren't as good at getting free money. 

BTW it is possible to think both the bankster and the occupiers suck!

That also goes for bankers that suck at business but want to be bailed out anyway.

It happens frequently to spoiled brats

Or just print more money!

That is the way occupiers think (and no I am not joking).  They believe the state owes them simply for existing.  If the state doesn't have enough money to give everyone a monthly income, education, healthcare, and retirement well they can just confiscate more wealth from the suckers who actually work.

"Money for nothing and your chicks for free"
http://www.youtube.com/watch?v=GWXDjiKVs2U

"Password cannot be greater than 12 characters"

Yikes...

Seems like absolutely nothing.

What's to prevent a person from making two accounts and spending the coins by transferring them between accounts every four weeks?

Maybe this shows that there is a market for a smartphone bitcoin client - Occupy Edition. It could go viral.

[edit] Hell, just move the decimal place to bitcents and call them Occucoins that have a real online market and network. Point it to the bitcoin faucet to get a free load.

I was wondering why there wasn't already a thread on it. Perhaps everyone that saw it died laughing.

Seems strangely quiet on who gets to issue this new currency.

As if I can't guess.