If you're interested in the history of this topic, check out <i>Debt: The First 5000 Years</i>[1] by David Graeber and <i>The Philosophy of Money</i>[2] by Georg Simmel, a sociologist whose main work was on money as a social phenomenon.<p>[1]: <a href="https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years" rel="nofollow">https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years</a><p>[2]: <a href="https://en.wikipedia.org/wiki/The_Philosophy_of_Money" rel="nofollow">https://en.wikipedia.org/wiki/The_Philosophy_of_Money</a>
This is a great summary. All value is future value and the only real way to 'store value' is to pump water uphill(or equivalent).<p>I've tried to address amny of the authors points with <a href="http://Catallax.info" rel="nofollow">http://Catallax.info</a><p>-Rather than adding new ways to interact with the bank ledgers, change the power dynamics of who controls the ledgers<p>Build on Bitcoin or etherium<p>-Change who gets to issue money on those ledgers<p>Everyone is a bank.<p>-Change what it is redeemable for.<p>I don't think changing the object is as important as changing incentives and giving people reasons to spend local.<p>-Change the internal properties of money.<p>We use demurrage.<p>-Alter the financial institutions that dominate the standard money system.<p>We offer quasi-government accounts and self elected taxation to find those.