01-30-2013
Thanks for explaining bakunin.
To further illuminate, the total number of Bits in our system has been fixed from the beginning. That number is exactly 1,886,666,252. So, this means that there are a fixed number of activity bits in the system, we don't just "create them out of thin air".
That means that "the central bits banker" must reclaim bits from inactive members because we don't just "create bits from thin air"... so we are actually better than "a government" because they just "create money from thin air" when they need more money; which devalues all the currency in circulation.
If we just "manufacture bits" like governments do currency, then everyone's bits will have less value over time. So, unlike governments we don't do this; we fix the total economy and reclaim bits from inactive members because we are a virtual community that is defined by forum activity.
So, we really have no choice but to reclaim bits from inactive members because we are, by definition, defined by our activity - no activity after six months, bits are reclaimed for others who are active.
Stay active, at least one post every six months (and we reserved the right to change this in the future to even less time), and you will keep your bits. Not active, bits will be reclaimed and redistributed automatically (on a nightly basis, anyone who has not posted in six months - their bits are auto-reclaimed by the system).
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