Here’s a modest proposal for a bottom-up QE: system where *everybody* (humans, human collectives, corporations, governments) can issue public bonds on their own future. With or without blockchain mechanics. These bonds back a microservices type currency *matched by states*... 1/n
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Anyone can buy anyone else’s bond that the seller is willing to sell to. State does a matching buy if a bond sale isn’t discriminatory using a money printer go brrr mechanism. Matched bonds become mutually tradeable via a dollar-denominated bond market. Unmatched ones are alts.
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Gift certificate backed economy basically. Instead of centralized regulatory oversight, you get peer-based regulatory oversight within some limits. Like the personal ERC20 ICO economy everyone was excited about in 2017, but linked to fiat economy via stare-backed bond market.
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We need imaginative new fiscal mechanisms. This 2007-08 rerun that’s being cued up, with a crappy $1200 airdrop bolted on, is just kicking the tin can down street. Need to let everybody bet on everybody instead of Congress betting on Wall St with table scraps for the rest of us.
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Replying to @vgr
I'm really excited to see you having these ideas. You're treading into the area that my
@RoamResearch graph is most dense at :) I was also starting to think covid was a time to actually suggest personal tokens broadly. I wrote a quick doc to catch you up:https://github.com/danfinlay/personal-tokens …1 reply 0 retweets 3 likes -
Replying to @danfinlay @RoamResearch
I almost did one in 2017 but the erc20 wallet last mile was too much friction
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Replying to @vgr @RoamResearch
I think we could combine the uniswap exchange and add-token widget into a pretty decent personal token landing page. Or do you mean the off-ramp/time-to-spend problem?
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There’s more than one problem 
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Replying to @vgr @RoamResearch
Yeah, tell me about it. But when time is cheap but cash is scarce, the dynamics change.
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Replying to @danfinlay @RoamResearch
There’s also the problem of high volatility in dollar terms for anything crypto backed
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