On Mon, May 28, 2012 at 10:59:03AM -0700, Sean Lynch wrote: > The entire project lost all credibility at the point that I read "abolish > compound interest rates." What does that even mean? Compound doesn't refer > to an interest rate, it refers to the way it's charged, and if these people > want to abolish what Einstein once called one of the greatest inventions in > human history, they're idiots, or at the very least aren't qualified to > speak one peep about economics.
I'm not sure what you mean by that, but exponential processes don't stay exponential for long, in this universe. While it would be great to be able to tamper-proof measure the state of the underlying economy to be able to adjust the volume accordingly, this is a Hard Problem. > OTOH, the enemy of my enemy is my friend... _______________________________________________ p2p-hackers mailing list [email protected] http://lists.zooko.com/mailman/listinfo/p2p-hackers
