>Re: TURMEL: #2 Daniel Reeves says interest is simple but
>Posted by: "Daniel Reeves" dreeves@... pegarmpaul
>Date: Thu Jul 5, 2007 11:17 am ((PDT))

DR: Cool, I'm in. I, Daniel Reeves, bet $100 that in a 2-
person economy there exists a sequence of transactions
whereby I borrow 10 tokens and repay 11, with no recourse to
outside money. Graeme, can I paypal you the escrow money?

JCT: Before I paypal my bet, recall your own solution I'm
betting against:

Day 1: Lender gives me 10 tokens. Hurray tokens!
Day 2: I pay back the first 5 tokens.
Day 3: I do the lender's dishes, for which she pays me one token.
Day 4: I pay back another 5 tokens.
Day 5: Lo! I still have a token! I pay it to the lender.
10 loaned, 11 repaid.

DR: I was half kidding about the meta-bet but I suppose if
you were willing to concede the primary bet to make $100
profit, I'd consider it worth it. :) Assuming you really
believed you lost the primary bet!

JCT: Just pointing out a middle on the bet that could be
taken if the issue was not so important.

DR: But really, I think we should just to the salient one.
Just that I predict it will be impossible to resolve because
neither of us will concede.

JCT: We can use the voting mechanism to let all ijccr
subscribers do an open vote.

DR: We're going to get hung up on definitions and implicit
assumptions (both of us, I'm not just accusing you of this).

JCT: I'm ready to tackle the solution you posited above.

DR: Also, John, reading your detailed responses on this
topic I can see you're completely sincere and want to
improve the world. We just disagree on specifics.

JCT: Not specifics, "specific." Interest "i" is the sole
malfunction in the 1/(s-i) bank accounts. Make i=0% is the
sole specific solution to making money work like chips do.

DR: I love the friendly wager idea and just want to
emphasize the friendly part.

JCT: I have no reason for spite.

DR: One last question for John: what is "the software for
Our Father's Heaven"? Daniel Reeves

JCT: It is the software where your anti-social debts are
forgiven as you forgive the anti-social credits owed to you
by others and your social credits are good world-wide.
An interest-free UNILETS world-wide timebank. Almost here.



--
Abolitionist Debt Slave Leader John C."The Banking Systems Engineer"
Turmel for UNILETS interest-free time-based currency in U.N. resolution
C6 to Governments in the http://www.un.org/millennium/declaration.htm
http://www.cyberclass.net/turmel USENET blog: alt.fan.john-turmel