27/05/2023
***10x smaller than bitcoin***
A store of value with a burn rate of 90% of tx fees.
Enables instant payments to anyone, an ywhere in the world. Bitgesell uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.
Deflation is an advantage.
In honour of Silvio Gesell, Bitgesell cranks the deflationary aspects of Bitcoin up to max, burning 90% of all transaction fees and decreasing block size. Bitgesell has created an investment tool with a highly deflationary model to provide allocation in a store of value assets.
Friegeld + gold
We have combined the concept of “freigeld” and gold as traditional store of value and demurrage works in reverse (not the way it was used for currency but for gold) adding more properties of digital gold through gradually increasing scarcity over time. Imagine gold which volume in existence is gradually decreasing over time.
Silvio Gesell was a German merchant, theoretical economist, social activist, Georgist, anarchist, libertarian socialist, and founder of Freiwirtschaft (free economy).