Satoshi's vision: Bitcoin micropayments supporting demurrage fees on the blockchain

in sustainable •  7 years ago 

Satoshi envisioned Bitcoin's micropayments supporting demurrage fees on the (trade federation) blockchain.

A world economic heartbeat Eco-Economic TERRA-CYCLE would involve maintaining globally distributed ledgers and a shared micro - macro economic cycle schedule. Closer = cheaper, closer = faster, closer = less fuel = less carbon emissions... in other words, a systemic sustainable system of systems Eco-Economic global trade federation framework

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Demurrage: term used in currency trading to denote cost of currency ownership and/or storage. cost of carrying money... considered superior to interest payments, as it stimulates currency circulation and economic growth. "In a physical sense, demurrage represents a delay that occurs during the transportation of goods via truck. When this happens, the trucking firm delivering the product can opt to pay a flat fee to the receiver to cover any loss incurred as a result of the delay. This fee can be assessed on an hourly basis. Or in the case of gold, demurrage is simply the costs associated with storage of bouillon. LINK https://investopedia.com/terms/d/demurrage.asp /

LINK: http://sawconcepts.com/index/id39.html

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