[Freedombox-discuss] The Freedombox Economy

[Matt Dodson]

From: war2none at hotmail.com
To: melvincarvalho at gmail.com
Subject: RE: [Freedombox-discuss] The Freedombox Economy
Date: Sun, 25 Sep 2011 14:49:57 +0100









DigitalCoins are complex thing, to have any worth or to build in value, one shouldn't be able to to pluck them from the air, Bitcoin has the risk of counterfeiting nail down, as every coin is unique and although there's only a possible 21million Bitcoins, which seems too few to take off as an everyday currency.

I think it would be easier to do a paypal thing rather than creating a currency from scratch. It would take monitoring, tweaking and quantitative easing, which is best done by a central bank, which doesn't sit well with the FBx concept. On top of that money is looking like an exhausted concept, as no-one seems to have solutions to the global financial crisis, all their old tricks have failed.

I think embracing economies is important for the FBx, I think it should embrace all economies; fiscal, barter and gift, excluding the theft one obviously.

-m-




> Date: Sun, 25 Sep 2011 11:07:35 +0200
> From: melvincarvalho at gmail.com
> To: freedombox-discuss at lists.alioth.debian.org; f3llowtraveler at gmail.com
> Subject: [Freedombox-discuss] The Freedombox Economy
> 
> Just a crazy thought:
> 
> Why not create a bitcoin derivative and put it on the freedombox
> (perhaps also with opentransactions as glue)
> 
> Now every Freedombox should come pre installed with a balance of 100
> "freedom coins"
> 
> Initially the monetary value of each coin would be zero.  However,
> just like bitcoin ... as the network grows the utility value of the
> coins increases, due to the network effect.
> 
> I remember back in the day bitcoin was worth one cent, which people
> thought was a lot back then, and I was the first to predict it would
> trade parity to the dollar.  This took less than one year, as the
> project gained momentum.
> 
> Now what becomes REALLY is when the value of the freedomcoin hits,
> say, 20 cents.
> 
> At this point the value of the installed box could EXCEED the cost of
> the hardware!
> 
> Surely the logical conclusion is that once we reach this tipping
> point, we can give one free box (free as in beer) to everyone on the
> planet?
> 
> Thoughts?
> 
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