The economist Silvio Gesell (Silvio Gkesel) in his book "Physics Class" argues that when the money does not circulate but hoarded the economy falters. On the contrary, when as many people as possible, in their hands to consume as much money as possible, the Economy -and consequently the society-have healthy growth and prosperity. So i have an idea of a type of money that always is moving.
The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:
There are 5 persons with 5 shares. 1 share=1000$. Total=5000$
Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...
Would it be possible to work?
The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:
There are 5 persons with 5 shares. 1 share=1000$. Total=5000$
Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...
Would it be possible to work?
I find it an interesting methodology, but there are some serious problems with an 'person' being in a state of 'online'.
One of the major arguments might be what the definition of 'online' means. When am I online? Most of the internets is asynchronus. Eventhough I'm writing this, bitcointalk doesn't know if I'm online or offline. I have a session, which expires after x time. But that's it.
Another interesting point is the definition of a Person. What is a person? We've seen this with the distribution of both FairCoin, EFL and NLG - it is really hard to stop people from abusing the system... You cannot define one person (and giving them a piece of the pie) without the interference of the governance. The most probable link to an (tax paying) individual is his or her social security number. So that means you cut out like what, half the population?
I don't know about the technical part. I'm not a computer scientist.
If you are interested in collaborate in a currency that circulte in the faircoop envoriment, therefore perhaps you could be interested in help
bulding faircredit, that is the currency designed to circulate in our plans -> https://fair.coop/groups/faircoop-community/faircredit/forum/
Faircoin will be for saving and reference value and faircredit will be to spend and circulate
So, if I'm not wrong the Faircoins would be like the gold pattern and Faircredit would be like the bills based on that? With the enormous diference that the pattern would not be in the hands of bankers, but in the cooperativists'.
