#demurrage — Public Fediverse posts

https://www.europesays.com/ch/?p=46221 Asia-bound crude trade restarts? Glencore books first supertanker after Iran ceasefire – Firstpost #AsiaCrudeTrade #demurrage #EnergyMarkets #Glencore #GlobalOilSupply #IranCeasefire #OilShippingRates #OilTanker #StraitOfHormuz #TankerChartering #USIranConflict #VLCC #WestAsiaOil #Worldscale

modular economic system with only a few parameters
suitable for economies with heavy automation driven production
…
followed by a very long list of special features

The main mechanism is simple therefore beautiful
The currency wears out every year and at every transaction according to a politically chosen rate
It can be used only within national borders and is paired with a complementary one for foreign trade
#economics #ubi #demurrage #vivasupeR

Money with “demurrage” or that rusts
It was invented by Silvio Gesell in the last century
It worked in real experiments but was quickly pushed aside because banks had no interest in it
A millennium later it was invented again already constitutionally digital and with incredible super powers including
constant revenue to fund public spending
a social dividend or UBI depending on the model
ABOLITION of taxes
ABOLITION of income tax filing
#economics #ubi #demurrage #vivasupeR

Money with “demurrage” or that rusts
It was invented by Silvio Gesell in the last century
It worked in real experiments but was quickly pushed aside because banks had no interest in it
A millennium later it was invented again already constitutionally digital and with incredible super powers including
constant revenue to fund public spending
a social dividend or UBI depending on the model
ABOLITION of taxes
ABOLITION of income tax filing
#economics #ubi #demurrage #vivasupeR

Money with “demurrage” or that rusts
It was invented by Silvio Gesell in the last century
It worked in real experiments but was quickly pushed aside because banks had no interest in it
A millennium later it was invented again already constitutionally digital and with incredible super powers including
constant revenue to fund public spending
a social dividend or UBI depending on the model
ABOLITION of taxes
ABOLITION of income tax filing
#economics #ubi #demurrage #vivasupeR

Money with “demurrage” or that rusts
It was invented by Silvio Gesell in the last century
It worked in real experiments but was quickly pushed aside because banks had no interest in it
A millennium later it was invented again already constitutionally digital and with incredible super powers including
constant revenue to fund public spending
a social dividend or UBI depending on the model
ABOLITION of taxes
ABOLITION of income tax filing
#economics #ubi #demurrage #vivasupeR

Money with “demurrage” or that rusts
It was invented by Silvio Gesell in the last century
It worked in real experiments but was quickly pushed aside because banks had no interest in it
A millennium later it was invented again already constitutionally digital and with incredible super powers including
constant revenue to fund public spending
a social dividend or UBI depending on the model
ABOLITION of taxes
ABOLITION of income tax filing
#economics #ubi #demurrage #vivasupeR

Inflation is demurrage. So is taxation. We *want* these to be variable over time. So it can adjust to the ever-changing relationship between the money supply and the available goods and services

#Inflation #demurrage #money supply

Inflation is demurrage. So is taxation. We *want* these to be variable over time. So it can adjust to the ever-changing relationship between the money supply and the available goods and services

#Inflation #demurrage #money supply

Inflation is demurrage. So is taxation. We *want* these to be variable over time. So it can adjust to the ever-changing relationship between the money supply and the available goods and services

#Inflation #demurrage #money supply

Inflation is demurrage. So is taxation. We *want* these to be variable over time. So it can adjust to the ever-changing relationship between the money supply and the available goods and services

#Inflation #demurrage #money supply

In Modern Monetary Theory, state-backed money ("fiat currency") loses value with every taxable transactions it's used for. The missing value is extinguished by tax.

So the more a dollar is used in a year, the faster it evaporates out of the money supply. If we can, we'll want to save state-backed money, ie prevent it from being used for transactions, to hold its value.

Demurrage is the opposite of taxing transactions. It taxes money while at rest, so we want to spend it.

#tax #demurrage #MMT

In Modern Monetary Theory, state-backed money ("fiat currency") loses value with every taxable transactions it's used for. The missing value is extinguished by tax.

So the more a dollar is used in a year, the faster it evaporates out of the money supply. If we can, we'll want to save state-backed money, ie prevent it from being used for transactions, to hold its value.

Demurrage is the opposite of taxing transactions. It taxes money while at rest, so we want to spend it.

#tax #demurrage #MMT

In Modern Monetary Theory, state-backed money ("fiat currency") loses value with every taxable transactions it's used for. The missing value is extinguished by tax.

So the more a dollar is used in a year, the faster it evaporates out of the money supply. If we can, we'll want to save state-backed money, ie prevent it from being used for transactions, to hold its value.

Demurrage is the opposite of taxing transactions. It taxes money while at rest, so we want to spend it.

#tax #demurrage #MMT

In Modern Monetary Theory, state-backed money ("fiat currency") loses value with every taxable transactions it's used for. The missing value is extinguished by tax.

So the more a dollar is used in a year, the faster it evaporates out of the money supply. If we can, we'll want to save state-backed money, ie prevent it from being used for transactions, to hold its value.

Demurrage is the opposite of taxing transactions. It taxes money while at rest, so we want to spend it.

#tax #demurrage #MMT

Idea: A #Bitcoin softfork that adds #demurrage of say 0.5% per year in the form of enforcing a minimum miner fee based on the coin-age being spent.
This would increase on-chain fees as users have an incentive to spend coins before the demurrage becomes larger than the regular block-space fee. It would affect hodlers more than layer 2 users because they generally tend to set higher fees already.