Peter Šurda

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Dublin

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jtimon wrote Gesell

on Mon, Jul 9 2012 3:40 AM

Lol, you're lonelyminer.

Don't worry. We have time to discuss it. Thank you for taking the time.

jtimon wrote austrian school, bitcoin, Silvio Gesell

on Mon, Jul 9 2012 2:12 AM

I commented in the bitcoin thread the following but you probably missed it with so many posts. Can you, please, comment on this thrread?

http://mises.org/Community/forums/t/24385.aspx

Thank you

You miss the whole reason why money comes to being (because it decreases transaction costs).

Interesting that you mentioned the Criterion of the quality of money for Silvio Gesell.

You seem a well documented person, at least on austrian theory. I've been asking for a serious critique of the free-money theory of interest from the austrian school with no success. Here and here.

Can you help me with that?

I'm trying to convince people that a cryptocurrency with demurrage (http://www.freicoin.org/) would be better than bitcoin. Would decrease the costs of commerce even further by removing the burden of the basic interest. If I'm wrong, I would like to know why.