Quote:
Originally Posted by housenuts
Isn't that the productive asset?
Bitcoin has no productive asset. It is only a collectible. Fortunately it can be used for gambling thus it will be really hard for it not to have some value. If you get 1 million users the price may actually increase, but all this is unknown.
Imagine a capcoin with 21 million outstanding, $500 in value, or $10,500,000,000 in market cap. If that were invested in productive assets, the coin could knock out 2 million coins or 10% of the coins a year. Furthermore there would be a constant grinding away and deletion of the coin. There would by a constant buyer of the coin. Since the coin is infinitely divideable no worry about running out of coins.
capcoin would be identical to bitcoin in virtually everyway, most would not know the difference. capcoin would be capital based, while bitcoin is collectible based. Unlike a stock anyone can vote for board members of capcoin, majority does not rule. You do not even have to a be a owner only a good capitalist. They are subject to fiduciary responsiblity and repurchase requirements.
http://www.panarchy.org/george/capital.html
Basically we have the combination of a stock market and a darkcoin. I noticed another thread some girl wants a $15,000 loan. This actually could be possible in a capcoin.
Last edited by steelhouse; 09-03-2014 at 04:10 PM.