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Full Discussion: Bits - The Unix and Linux Forums (Experimental) Virtual Currency
Contact Us Post Here to Contact Site Administrators and Moderators Bits - The Unix and Linux Forums (Experimental) Virtual Currency Post 302764163 by Praveen_218 on Thursday 31st of January 2013 04:46:51 AM
Old 01-31-2013
Bakunin,
Thank you so much of the generosity towards me... :-)
-praveen

---------- Post updated at 03:16 PM ---------- Previous update was at 02:43 PM ----------

Quote:
Originally Posted by Neo
... 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.
Absolutely & agreed!!! The annual posting of fiscal deficit figures is what they officially declare as what was created by them/central Banking system 'out of thin air' making hole on everyone's pocket.

However, just as a thought which is crossing my mind now -that by having a total number of fixed bits which is shared across all active users and also the forum banking system; members need to increase their activities proportional to the total existing active members as this forum is growing, in order to prevent their bits getting reclaimed.
This might not reflect initially, especially so long the forum's central bank is sufficiently funded. However it would reflect for sure in the time to come.
Hence the six months in-activity is bound to reduce, of course gradually, as you have mentioned, but will reduce till what?
I feel that the central banking system of the forum should also generate a few bits with the advent of each new member to prevent it from getting chaotic sooner.

After all each new member contribute to increase into the overall entropy of the system. Hence the economy needs to inflate accordingly.
 

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LEARN ABOUT DEBIAN

grisbi

GRISBI(1)						      General Commands Manual							 GRISBI(1)

NAME

       grisbi - Personal finance tracking program based on GTK

SYNOPSIS

       grisbi [options] file...

DESCRIPTION

       This  manual  page  documents  briefly  the grisbi command.  This manual page was written for the Debian GNU/Linux distribution because the
       original program does not have a manual page.

       grisbi is a personal finance tracking program with a lot of features:
	* bank, cash and passive accounts
	* several accounts at the same time
	* several currencies, including euro
	* arbitrary currency for every operation
	* money interchange fees
	* switch to euro account per account
	* describe operations with relatives, categories, sub-categories, notes
	* transfers between accounts, even for accounts of different currencies
	* reconciled balances
	* automatic and manual expiries
	* automatic recall of last operation for every relatives
	* nice and easy user interface
	* online user manual
	* QIF import/export

OPTIONS

       These programs follow the usual GNU command line syntax, with long options starting with  two  dashes  (`-').   A  summary  of  options	is
       included below.

       -?, --help
	      Show summary of options.

       --version
	      Show version of program.

AUTHOR

       This manual page was written by Benjamin Drieu <benj@debian.org>, for the Debian GNU/Linux system (but may be used by others).

								  August 22, 2002							 GRISBI(1)
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