165. Economy 2.0 - Can Demurrage fix the Problems of Fiat Currencies?
Description
For today’s episode, host Josh Sidman sat down with George Lovegrove to discuss demurrage within cryptocurrency networks.
Mr. Lovegrove is a software developer and Web3 proponent. He is the Founder of the Web3 Association, an organization that writes about cryptocurrencies and contributionism. George believes the best way to reduce the shortcomings of the current fiat-currency-based monetary system is to improve the incentives and governance models around cryptocurrencies. He has extensive experience as a software developer, working at places such as Amazon, Dyzio, and Good Innovation. George earned his bachelor’s degree in Information Technology in Organizations from the University of Southampton.
George joined the Henry George School, to discuss, at length, Demurrage, a fee paid for owning an asset for an extended period of time. Both Josh and George believe that demurrage incentivizes people to allocate assets in a more socially efficient manner.
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