[Freedombox-discuss] The Freedombox Economy

[Eugen Leitl]

On Sun, Sep 25, 2011 at 11:07:35AM +0200, Melvin Carvalho wrote:
> Just a crazy thought:
> 
> Why not create a bitcoin derivative and put it on the freedombox
> (perhaps also with opentransactions as glue)

There is no reason to not allow a nonmining bitcoin client on
the system to be on the standard depository, at least as an 
installable option (bitcoin clients needs both storage and network 
bandwidth even when nonmining, so activating it by default
would not a good idea).
 
> 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?

-- 
Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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