Conversation

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
6
29
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.
2
7
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.
1
5
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.
2
20
Replying to
I'm really excited to see you having these ideas. You're treading into the area that my 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:
1
3
Replying to and
Right, I think my answer to that is either to recommend users initially back with stable coins, or we try to leapfrog the problem by making personal bonds the stable thing to back others with.