How would the demurrage charge be enacted?
While we reserve the right to alter how the demurrage charge would be enacted over time, our current thinking is that the demurrage charge would be announced for the upcoming month. If the volume of the private currency spent in the marketplace did not meet the targeted level, then the demurrage charge would be levied in the subsequent month. If the targeted level of use is met, then the demurrage charge would be waived. This would encourage people to spend the private currency before the charge was enacted. According to Lietaer, the demurrage charge has been used successfully with private currencies in the 1930s in the United States. The charge would be levied by reallocating part, or all, of the inflationary adjustment for the specified month into a fund that would be used exclusively for funding the liquid-payment market. In the event that the liquid-payment market does not require such funding, but it is still important to stimulate the use of the private currency for commerce; the
