On Fri, Oct 17, 2008 at 13:21, Elliott Hird <[EMAIL PROTECTED]> wrote: > On 17 Oct 2008, at 21:18, Charles Reiss wrote: >> >> I object. >> >> -woggle > > > Why?
I don't believe the proposed scheme would make exchange rates more closely reflect real values. (Though there is some relationship between the values of assets and number of people, I think it's likely that additional participants balance out to little overall effect.) And, I think it would encourage people to frequently join and leave the PBA (possibly using a holding/dummy person/partnership) for a slight rate advantage. -woggle
