/biz/ - Business & Finance

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Okay, I'm not an economist and I did just wake up, having dreamed this up, but hear me out.

How about an economy:

• Made up of purely digitized value units

• Based on blockchain technology

• Still generated/governed by a central, national authority

• In which the velocity of the currency is recorded into the blockchain and modifies the value of those units to the buyer and seller in a transaction record

• Where buyers are rewarded - not by a rating/profile monitored by the central authority but an anonymous rating/profile generated "naturally" by the modifiction recorded into the units used by the buyer at the time of transaction

• Newly generated digitized value units, having no record of transaction, and therefore no rating, while not valueless, is of a middling to lower value in comparison to digitized value units then currently in circulation

• Digitized wealth, having sat in accounts for the (comparitively) longest periods of time, eventually obtains the lowest transaction values, that is...what you can get from a transaction from any particular value unit is less...and perhaps you need to spend more of the currency than someone whose currency velocity has a better rating