also been watching this small but promising project, greenbacks:  http://www.greenbackscurrency.com/site/

they are going to get their crowd funding site online today or tomorrow i think:

Here are some screenshots of Greenbacks Accelerator, the new service that will be released today. This pictures also includes a feature not mentioned yet, Greenbacks Payments! This feature allows any website to start accepting Greenbacks right now and will be available only by request via PM until the "Greenbacks Portal" release date.

Enjoy!

source:  https://bitcointalk.org/index.php?topic=740744.1520

what do you guys think of this?

Interesting things happening at Viacoin.



 They forked Counterparty and Counterwallet, and are called Clearinghouse and Clearwallet. The project serves as a decentralized currency and asset exchange which relies on the Viacoin blockchain.

Peter todd, a former bitcoin developer, serves as chief scientist of the project.

Videos and demos of the protocol and clearwallet can be seen here: http://blog.viacoin.org

i think OP meant "when will car companies accept btsx?"

on top of my head germany after world war 2?  i forget... i'll look it up later.

anyway, it's common sense.  in deflation, the circulation of a currency goes down, so in turn less and less people get to hold it and would have to pay more if they want to have it.  since not everyone can pay more, less people are able to have it.  so in another turn, it causes the economy to shrink and stagnate.  no one will ever want to let go of their coins unless someone has to pay more.  and the thing is it has to stop somewhere thereby stagnating.

Quote from: lucky331 on September 03, 2014, 06:09:18 am

Quote from: eagleeye on September 03, 2014, 05:40:21 am

Quote from: lucky331 on September 03, 2014, 04:14:06 am

eagleeye, since you're so worried what Nxt is doing..  be on the look out:  http://www.nxttechnologytree.com

check out monetary system. Nxt monsters are under your bed.

Thank you lucky331.  I have looked at their system, they do not understand where they are wrong.

Antideflation?  Deflation is a good thing in a utopian monetary system.  Deflation is no different than a currency that pays you interest to hold.

in paper yes.  but deflation also causes hording, less currency in circulation and hence, stagnation of an economy.  and guess what helps jump start an economy..  yep, inflation.

Why would deflation cause hoarding if by causing your money to go up in value, you spend it.  It is true, that you may think your money will keep going up in value, but in the modern world, we have lots of expenses.  We spend our money! 

Can we debate Keynesian economics?  It does not matter who is right or who is wrong (seriously sir, we could help Federal Reserve Chairman Yellen because they have government is far reaching and may be here right now, and may help us in our thinking.)

 I believe more in Monetarism and Austrian economics but I do believe in Keynesian, we may just need new theories.

human nature.  just saying. 

as for the bitshares economy.  the plan is to hold btsx.  and use bitUSD (or whatever bitX you plan to have) for whatever expenses you have. 

lololol

isn't this the pull back everyone was waiting for when it reached its highs?