1. 22:31 6th Feb 2012

    Notes: 4

    Tags: bitcoinbitcoinsoccupyoccupiersocccudigital currencycurrency99%ninety-nineows

    Introducing The Occcu - 99% Unlike Bitcoin

    A post on Bitcoin Money blog (@BitcoinMoney) describes the launch of the complementary currency, the Occcu.  Excerpts:

    “A promotional flyer for the Occcu describes it as ‘a fair global currency’.  To prevent hoarding the Occcu imposes “demurrage” (negative interest).  You’ll want to spend your Occcus right away as anything you don’t spend loses its value — 25% of any unspent balance after thirty days goes back to the community chest”.
    “The name Occcu comes from OCCupy-CUrrency, a currency that would be desirable to (some/many in) the Occupy movement”.
    “There have been calls from some individuals for Bitcoin to be forked or to be superceded with an alternate blockchain to introduce features such as demurrage.  Many Bitcoiners are attracted to Bitcoin specifically because its current economic properties”.

    - www.bitcoinmoney.com/post/17199295201

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