Well, I HELPED at least 50 chimps to get a crypto-currency WALLET in the past 2 weeks :P I am really proud of that, and I really LOVE "me" for HELPING others :D

Fuck, what's wrong with tapping myself on the back ?? :D

Nothing.

YOU ALL NEED TO WATCH THIS VIDEO......seriously :)

Scott Duncan, that video is FUCKING awesome !!!! :D

ft puppy helps the chimps... now that is evolution ;) nice job Pete and thanks too

27m33s... Great point...

A must watch. It filled gaps and connected dots. Thank you for the great share.

Lets say a small community uses a certain coin. A man needs x amount to build a house and the builder wants to be paid in said coin. So he needs a loan. He goes online and finds someone with quite alot of coins so he asks for a loan. Whats stopping the lender applying interest just like a current bank would? See I'm finding it hard to realise the difference between what is in place now regarding banks and how it will work online... If people made the change tomorrow from Euros to Dogecoin, some people will have lots and others will have none and nothing of value to offer in order to obtain some... It'll take alot more thought for me to grasp it... In the meantime, here's Mr. Conway Twitty... http://www.youtube.com/watch?v=d2aeRg_yMSE

The way I see it Eamonn, there is that option to do that but it is just that, AN OPTION. The thing is, that is where the rest of us step in. If the rest of us step in and lend at no interest then you have a choice. The Idea behind dogecoin is a currency based on generosity. So if I lend you the currency for nothing then you pay it back. Deal done. If you then donate to me for the use of your money then so be it. A thank you. Or maybe it only comes with a set fee. All options, but you get to decide. And all the while, we are all equal under the law. A law based on contract. A contract that is public.

But as we see nowadays people are greedy... Greed always gets in the way...

What if borrowers default on the public contract through no fault of their own?

For those who have nothing in this system there is always labor. Trade labor(value) until you can acquire enough of your own.

At the moment people tend not to labour to save for that �300,000 house... A loan comes at some point and the house is used as collateral. If x amount of people donate altcoins so someone can put a roof over their head, do the lenders have the right to take said house when the borrower doesn't pay them back?

Obviously I'm thinking within the realm of the current model... which is probably wrong...

It depends on what the contract says, If it doesn't say then it is up to the court.

How does that differ from the current system? I'm being objective for the sake of trying to understand, not because I don't agree with it...

People aren't generous with their earnings if they worked hard to get it y'know...

Anyway, bedtime here... I'll start thinkng with a clear head tomorrow... Cheers!

The people are different. The system is different with the transparency. I recall Scott Duncan saying something like do or die and you have no idea what we have been robbed of and how much of it. I could be wrong in all of this. If I am I will gladly clean up my stain shit.

The biggest difference I see is that instead of asking a few big loan sharks "Which of you will lend me money to build a home?" and having a hired group of thugs to enforce that you give them WAY more than you borrowed because you can't pay it all at once, you can now ask many to help and if you don't pay them back, they just simply will not trust you ever again. No big banksters and no mindless policy enforcement to run around intimidating people. Of course you should still be careful what you ask for, and most people will still want something in return for what they lend. It will be direct and there isn't just a few at the top sifting all the gain off of the many at the bottom.

Eamonn, I farmed and mastered a trade, Tinsmith. I, over the years became good at other trades as well, plumbing, carpentry, electrical, roofing, paper and wire for stucco, a handyman type. If you were here, I would work for you for coin. I think that I could make other tradesmen see the Value in this too. What I'm saying here is that many of us have the skills to build and are willing to accept a NEW currency system free from all the thieving hands of parasites with psychopathic armed thugs collecting. Whether it is building with wood, concrete, steel, computers or minds, the opportunity is there NOW, and I want to work with it. As far as the loan for the house, if it was just hard times and the future looked good ahead for you, I would not be worried if I lent some coin. I would have had more than I needed and it does me no good sitting idle, so pay me when you can again. If you just flat out refuse, then you really should sell the house to clear the debt and get back to the Fiat system, RFN! Just kidding! Common sense would prevail in this new system. Imagine THAT!