Looks like demurrage is implemented simply by a rule for block validation: transaction outputs have to subtract from inputs based on the age of the coins. Don't know how they calculate age unambiguously.
There seems to be a lot of centralization in this particular implementation...eg., 80% of new coins go to the foundation for the first three years, which says it will distribute based on ideological motivations.
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Doesn't seem to have a technical paper, or any real details on how it implements its goals. Anyone know if it's out there somewhere?
Edit: I found this: https://bitcointalk.org/index.php?topic=35705
Looks like demurrage is implemented simply by a rule for block validation: transaction outputs have to subtract from inputs based on the age of the coins. Don't know how they calculate age unambiguously.
There seems to be a lot of centralization in this particular implementation...eg., 80% of new coins go to the foundation for the first three years, which says it will distribute based on ideological motivations.