Thanks you, Apostolis. That is a relief. I hate to feel like the only guy in the room who doesn't get the idea.
Richard Date: Thu, 28 Jun 2012 21:04:14 +0300 From: Apostolis Xekoukoulotakis <[email protected]> Subject: Re: [P2P-F] Freicoin - Bitcoin with Demurage (Kevin Flanagan) To: P2P Foundation mailing list <[email protected]> Message-ID: <caox4e5et6fojro1zi4ong1ecenfig3k5xqxhyd0fclqnpsf...@mail.gmail.com> Content-Type: text/plain; charset="iso-8859-1" *I wholeheartedly agree with you Richard. * 2012/6/28 Poor Richard <[email protected]> > What do I not understand about demurage--how is not equivalent to a flat > tax except that it doesn't go to the public treasury where it might do some > good? Doesn't it discourage workers from saving at the same time it > discourages the rich from hoarding? Doesn't inflation already cause US > dollars to gradually evaporate? I don't see how demurage helps redistribute > wealth downward like a progressive tax does. > > I don't get it. > > Richard
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