[runeks]

> Under a demurrage system, this places an incentive to invest in assets which lead to longer-term sustainable growth.

One of these assets being money that acts as a store of value? :)

[maaku]

Buying gold/bitcoins/whatever and storing them in a vault does not lead to longer-term sustainable growth [of the economy].

[runeks]

Indeed. And how does a currency with demurrage prevent users from investing in gold and storing it in a vault instead of investing in something that provides "longer-term sustainable growth [of the economy]"?